text stringlengths 102 99.6k | url stringlengths 31 426 | crawl_date timestamp[us, tz=UTC]date 2022-04-01 00:29:49 2022-09-19 04:34:15 |
|---|---|---|
Sri Lanka is "bankrupt," Prime Minister Ranil Wickremesinghe said Tuesday, as the country suffers its worst financial crisis in decades, leaving millions struggling to buy food, medicine and fuel.
Wickremesinghe told lawmakers that negotiations with the International Monetary Fund (IMF) to revive the country's "collapsed" economy are "difficult," because the South Asian nation of 22 million has entered the talks as a bankrupt country, rather than a developing one.
"We are now participating in the negotiations as a bankrupt country. Therefore, we have to face a more difficult and complicated situation than previous negotiations," Wickremesinghe said in parliament.
"Due to the state of bankruptcy our country is in, we have to submit a plan on our debt sustainability to (the IMF) separately," he added. "Only when they are satisfied with that plan can we reach an agreement at the staff level. This is not a straightforward process."
Sri Lanka is in the midst of its worst financial crisis in seven decades, after its foreign exchange reserves plummeted to record lows, with dollars running out to pay for essential imports including food, medicine and fuel.
Schools have been suspended and fuel has been limited to essential services. In several major cities, including the commercial capital, Colombo, hundreds continue to queue for hours to buy fuel, sometimes clashing with police and the military as they wait.
On Sunday Sri Lanka's energy minister, Kanchana Wijesekera, said the country had less than a day's worth of fuel left.
"In terms of fuel and food, our country was going to have to face this crisis at some point in time. Fuel was scarce. Food prices went up," he said, adding international crises like Russia's war in Ukraine have made things worse.
"Due to the recent global crises, this situation has become more acute and we who were in the frying pan fell into the oven," Wijesekera said.
On Tuesday, Prime Minister Wickremesinghe said he hoped that a report on debt restructuring and sustainability would be submitted to the IMF by August. Once there is an agreement, a comprehensive loan assistance program would be prepared for a period of four years, Wickremesinghe said.
His speech in parliament was interrupted by opposition lawmakers chanting cries of "Gota go Home" -- a reference to President Gotabaya Rajapaksa, who was in attendance.
For months, large numbers of Sri Lankans have been calling for Rajapaksa to resign over accusations of economic mismanagement.
Wickremesinghe said that by the end of this year, inflation will rise to 60%.
"This will be a difficult and bitter journey," Wickremesinghe said. "But we can get relief at the end of this journey. Progress can be made."
The British government said on Tuesday it is now advising against all but essential travel to Sri Lanka due to the impact of the economic crisis.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/sri-lanka-is-bankrupt-prime-minister-says/article_fc4613a7-3e8b-5035-a29e-e8fcf130defd.html | 2022-07-06T05:17:41Z |
NEW YORK, June 22, 2022 /PRNewswire/ -- Meltmedia, an award-winning provider of digital strategy, design, and development services to the life science industry, has been acquired by Evoke, a global brand, experience, and communications platform, purpose-built to make health more human™.
Meltmedia was founded in Phoenix, Arizona, in 2000 and has over 70 team members. CEO and Partner Justin Grossman, CTO and Partner Mike Moulton, President Robin Fossen and co-founder Ron Barry, VP of Business Development, will continue to run the business. The business specializes in providing data-driven strategy, experience, and development services to leading pharmaceutical, biotech, and healthcare organizations. With core practice areas in digital transformation and omnichannel orchestration, Meltmedia partners with its clients to evolve their organizations and marketing infrastructure and lead the competition in today's digital-first landscape.
The acquisition expands the strength and capabilities of Evoke's omnichannel marketing, digital transformation, and marketing technology and automation practices. Effective immediately, Meltmedia will operate as Evoke Melt and become part of the Evoke platform. Evoke offers clients frictionless access to a uniquely comprehensive offering and one of the industry's deepest and most dynamic collections of talent, with more than 1,400 employees located in 16 global talent hubs across 8 countries.
Reid Connolly, CEO of Evoke, said: "We are delighted to welcome Justin and the Meltmedia team to Evoke. Their experience in the digital space, technology prowess, and dedication to the life science industry has made them truly a one-of-a-kind partner and one we are thrilled to have joining Evoke. As a partner to our clients, helping them unlock their full commercial potential in today's digital-first world is more important than ever, and bolstering our deep-rooted expertise underscores our position as the leading player in the space."
Justin Grossman added: "There's tremendous opportunity to synergize our unique mix of digital strategy, marketing technology, and omnichannel planning capabilities with a broader set of colleagues and a vast new array of clients and customers across Evoke's global footprint. We've enjoyed a long and successful relationship with Evoke, having partnered on several client engagements. I've always greatly admired Evoke, the work they do, and the culture they maintain as they've grown into one of the industry's largest and most competitive players. In many ways, joining forces felt like a very natural step for us when we wanted to take the business to the next level. As Evoke Melt, our talent has access to greater opportunities than ever before, both personally and professionally, and our clients have access to one of the single most comprehensive and frictionless commercial solutions partners in the industry."
On June 6th, Evoke announced the integration of Ashfield Health marketing and communications into Evoke, unveiling a singular brand, experience and communications platform with global practice areas and specialty agency offerings.
Evoke is a leading global brand, experience, and communications platform, purpose-built to make health more human™. Organized by global practice areas and specialty agencies, Evoke uses data-driven insights, creativity, and applied innovation to solve the most complex of challenges in today's healthcare market. Evoke is a platform for clients, talent, and the communities they serve to unlock their full potential.
Meltmedia is a life sciences digital marketing agency focused on omnichannel excellence and digital execution. Backed by over 20 years of experience, Meltmedia is a specialty agency within the Evoke platform and consists of more than 70 in-house designers, developers, thinkers, and doers who live to create inspiring digital experiences for leading healthcare/biotechnology clients.
Media Contact:
Ashley Makuh, VP Marketing and Communications
Ashley.makuh@evokegroup.com
View original content to download multimedia:
SOURCE Evoke | https://www.kxii.com/prnewswire/2022/06/22/meltmedia-joins-evoke-boosting-data-driven-omnichannel-marketing-technology-capabilities/ | 2022-06-22T12:48:26Z |
CHARLOTTE, N.C., July 18, 2022 /PRNewswire/ -- The Board of Directors of Albemarle Corporation (NYSE: ALB) announces that it has declared a quarterly dividend of $0.395 per share. The dividend, which has an annualized rate of $1.58, is payable October 3, 2022, to shareholders of record at the close of business as of September 16, 2022.
About Albemarle Corporation
Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine and catalysts. We think beyond business as usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of world-class resources. In conjunction with our highly experienced and talented global teams, our deep-seated values, and our collaborative customer relationships, we create value-added and performance-based solutions that enable a safer and more sustainable future.
We regularly post information to www.albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, SEC filings and other information regarding our company, its businesses and the markets it serves.
Forward-Looking Statements
Some of the information presented in this press release, including, without limitation, information related to future dividends and results, and all other information relating to matters that are not historical facts may constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from the views expressed. Factors that could cause actual results to differ materially from the outlook expressed or implied in any forward-looking statement include, without limitation: changes in economic and business conditions; adverse changes in liquidity or financial or operating performance; changes in the demand for our products or the end-user markets in which our products are sold and the other factors detailed from time to time in the reports we file with the SEC, including those described under "Risk Factors" in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. These forward-looking statements speak only as of the date of this press release. We assume no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.
View original content to download multimedia:
SOURCE Albemarle Corporation | https://www.wibw.com/prnewswire/2022/07/18/albemarle-corporation-announces-dividend/ | 2022-07-18T20:50:49Z |
LA JOLLA, Calif., July 13, 2022 /PRNewswire/ -- The short film Time Is Eternal —starring, co-written and produced by Los Angeles-based model and actress Berite Labelle—is nominated for 10 awards at the 13th annual La Jolla International Fashion Film Festival on July 29-30. The film is co-written by Daniel Lir, who co-directed with his wife and business partner, Bayou Bennett, of Dream Team Directors.
ADD https://ljfff.com and https://www.beritelabelle.com and https://www.dreamteamdirectors.com/filmc343928d
Time Is Eternal has received nominations for Best Picture (Zef Cota-Labelle-Lir-Bennett), Best Director (Lir-Bennett), Best Actress (Labelle), Best Costume Design (Wilford Lenov), Best Music (Jeffrey Weeks), Best Narration (Labelle), Best Set Design (Benedict Samuel), Best Art Direction (Nicholas Faiella), Best Cinematography (Michael Rizzi), and Best Sound Design (Fady Garas).
The festival will take place at The Lot La Jolla in San Diego and be live broadcast by streaming services TikiLive, SimulTV and DiscoveredTV with a combined reach of over 1 billion viewers worldwide. Labelle's 15-minute film has been chosen as only one of six to screen in large format at the festival on Saturday, July 30 at 8 p.m. Select one-on-one press interviews are being scheduled with Labelle, Lir, Bennett and other nominated team members.
Set in present-day Los Angeles, Time Is Eternal goes inside the mind of a renowned female writer, penning her latest novel, which imagines the fictional meeting of two legendary women. Cleopatra VIII, queen of Egypt during the first century B.C., comes face to face with the English writer-women's rights activist Mary Wollstonecraft, mother of Frankenstein author Mary Shelley.
A powerful ode to female strength and equality, the film chronicles a soulful discussion between these two trailblazers. Both known as lovers and as warriors for a cause, the fighter and the writer contemplate their differing approaches to leadership, culminating in a shared passion that intertwines eternally.
"We wanted to highlight the power of women across history, in a previously male-dominated world," says Lir. "I strongly related to Berite's purpose to inform a younger generation about the impactful (and under-represented) contribution of these women to the creation of our culture."
Labelle deftly champions four roles in her debut film— playing the writer, Cleopatra, Wollstonecraft, and a mermaid, who symbolizes swimming through another dimension in time.
"You can create anything with imagination and love," says Labelle. "I wish to create beautiful moments from my imaginary world. Gratitude, knowledge and patience are the other elements I needed to conceive Time Is Eternal. Follow me in my journey of discoveries through time in motion pictures."
Shot at The Paramour Estate in the Silver Lake neighborhood of Los Angeles, with opulent early twentieth century period décor, the surreal, dreamlike visuals have a fashion focus.
"I want audiences to be overwhelmed with beauty and brought into a world of magic and inspiration that helps them forget their troubles and all we have been through as a human race in the last two years," says Bennett.
Hollywood stylist and costume designer Lenov (who has worked with Saweetie, Bebe Rexha and Iggy Azalea) sourced mostly vintage pieces for the film.
"It was really cool to recreate historical moments through the fashion lens in the film," says Lenov. "Every character was about women's empowerment, and I wanted to the push the envelope and bring a fashion element to the characters and a sexier twist. I thought, 'What can we spin off in the feminine energy for Gen Z and beyond?' I really want to thank designer Michelle Hebert and Elie Madi for helping bring Mary and Cleopatra, respectively, to life as I envisioned them."
Since October, Labelle has covered five international editions of Vogue, Glamour and Harper's Bazaar and Marie Claire. She has an Affiliate Fine Arts (AFA) degree in Acting on Camera from the New York Film Academy in Los Angeles.
Dream Team Directors has collaborated with the likes of Mark Ruffalo, Bella Hadid, Juliette Lewis, Lea Michele, Coldplay, Paris Hilton, Adidas, Smashbox Cosmetics, Atlantic Records and Chrome Hearts. Their 2019 short film, Tombstone Pillow, has drawn widespread acclaim and won 33 awards.
Twitter: @LJIFFF @DreamTeamFilm @berite_labelle #TimeIsEternal
Instagram: @berite_labelle @dreamteamdirectors
Viewing links and imagery are available by request. Berite Labelle, Daniel Lir, Bayou Bennett and other nominated team members are available for interviews at the festival. Please contact Dream Team Directors: bayou@dreamteamdirectors.com, daniel@dreamteamdirectors.com 917-907-2169
View original content to download multimedia:
SOURCE Dream Team Directors | https://www.mysuncoast.com/prnewswire/2022/07/13/time-is-eternal-starring-berite-labelle-up-10-awards-la-jolla-international-fashion-film-festival/ | 2022-07-13T14:29:47Z |
TAMPA, Fla. (WFLA) — A Florida man who authorities said had a “disturbing fascination with mass school shootings” was arrested after he allegedly left several dead animals on a memorial in Parkland.
According to the Broward Sheriff’s Office, 29-year-old Robert Mondragon left several dead and disfigured animals at the MSD Memorial Garden, which is located outside Marjory Stoneman Douglas High School.
The investigation began on July 20 after a school crossing guard found a dead duck with its chest cavity cut open on a bench at the memorial garden. A day later on July 21, the school crossing guard found a dead raccoon on the same bench.
On July 31, a dead opossum was found on the bench by a deputy.
Using surveillance video, authorities were able to identify Mondragon’s car, which had been spotted parking near the memorial for several minutes the night before the dead opossum was found.
When a vigilant deputy saw Mondragon’s car driving slowly in the area, he conducted a traffic stop.
The sheriff’s office said Mondragon was the only person in the car at the time. Next to him were bird feathers and blood on the front passenger side floorboard. Mondragon told the deputy he had a dead bird in his car because he likes “the metal and blood smell that emit from the dead animal.”
Mondragon was let go that night, but his whereabouts were forwarded to detectives who arrested him several days later for violating his probation for battery, indecent exposure, and a risk protection order.
Search warrants obtained during an investigation into the dead animals uncovered a photo on Mondragon’s phone of him holding a dead duck with its chest cavity cut open and another photo of a dead raccoon on the floorboard of his car.
Detectives said further investigations found that Mondragon had an “obsession with school shooters, both real and fictional.”
“Mondragon’s facial tattoos resemble those of Tate Langdon, the character from the television series American Horror Story based on the Columbine High School massacre,” the sheriff’s office said in a release.
The investigation also found text messages about school shootings, and internet searches about school shooters, how to break into steel doors, shootings involving multiple victims, pipe bombs, and slang terms for killing cops.
Deputies said further evidence, captured two weeks before the end of the 2021-2022 school year, showed that Mondragon walked the same path Parkland school shooter Nikolas Cruz took from the high school to Walmart on Feb. 14, 2018. | https://cw33.com/news/nexstar-media-wire/florida-man-obsessed-with-school-shootings-put-dead-animals-on-parkland-memorial-deputies-say/ | 2022-09-07T16:15:50Z |
A North Carolina grand jury indicted a former detention center nurse this week on a charge of involuntary manslaughter for her role in the 2019 death of a Black man in custody, according to the indictment obtained by CNN, but spared the corrections officers who restrained the man.
According to previous reporting by CNN, John Elliot Neville, 56, of Greensboro, experienced an "unknown" medical emergency while in custody at the Forsyth County Law Enforcement Center, causing him to fall off his top bunk. CNN reported five corrections officers found him disoriented and confused and decided to move him to an observation cell, where authorities say he sustained injuries.
Body camera footage of the incident showed Neville yelling for help and resisting the officers who were trying to restrain him. Neville can be heard telling officers, "I can't breathe" and calling out, "Mama!" during the episode, which occurred a day after his arrest on December 1.
Michelle Heughins, the nurse, checked Neville's blood pressure as he continued to struggle and yell for help.
The initial investigation report from the Forsyth County Medical Examiner said Neville became unresponsive at some point while officers were attempting to remove the handcuffs restraining him, CNN previously reported. CPR was started by medical personnel, and EMS was called.
Upon EMS arrival, Neville's pupils were dilated and nonreactive, the report states. He was taken to Wake Forest Baptist Medical Center, where he died December 4, 2019.
According to the medical examiner's report, Neville's cause of death is listed as "complications of hypoxic ischemic brain injury due to cardiopulmonary arrest due to positional and compressional asphyxia during prone restraint." Other significant conditions were listed as "acute altered mental status" and "asthma."
In the summer of 2020, Forsyth County District Attorney Jim O'Neil charged Heughins and all five of the corrections officers who attended to Neville leading up to his death with involuntary manslaughter, according to CNN's previous reporting. But on Monday, the grand jury indicted Heughins, and declined to indict the five correctional officers, the nurse's attorney told CNN.
O'Neil confirmed to CNN via text Heughins was indicted, and the correctional officers were not.
Grand jury meetings are secret and what was presented to the jurors that led to nurse being indicted and not the officers has not been disclosed to the public.
Heughins' attorney Claire Rauscher told CNN the indictment was "obviously surprising," adding, "Our client never restrained him, never held him down."
"Only time [Heughins] ever touched or assisted [Neville] was to take his vitals and perform CPR," Rauscher said.
Rauscher said Heughins had no authority to tell the corrections officers what to do. She said Heughins is the "only one who tried to save [Neville]."
Neville's family released a statement to CNN affiliate WXII following the indictment saying while they "appreciate" the effort of O'Neil and his office in convening a grand jury, "it is disheartening that the videos of our father gasping for air and begging for mercy while he was bound and suffocated do not seem to have gained any purchase with Forsyth County or Wellpath Care."
"It is shameful that another Black life has been extinguished at the hands of law enforcement and yet still, there is no accountability and no justice. We will continue to fight for what is right and just," Neville's family said in the statement.
According to court documents obtained by CNN, Heughins will appear in court for her arraignment on May 2.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/north-carolina-grand-jury-indicts-nurse-but-not-corrections-officers-in-death-of-jailed-black/article_bdff6795-82dd-5589-826a-4b05bb280bf8.html | 2022-04-10T21:59:01Z |
Chosen from more than 130 applicants, longtime Scouting professional Gary Carroll returns to the Pacific Northwest to lead one of the largest programs in the Boy Scouts of America.
PORTLAND, Ore., May 18, 2022 /PRNewswire/ -- The Cascade Pacific Council (CPC) of the Boy Scouts of America (BSA) welcomed a new Scout Executive and Chief Executive Officer on May 1, 2022. Lifelong Scout and former Portland-area Scouting professional Gary Carroll was chosen from more than 130 applicants to lead the organization.
"Gary's exuberance for the future of Scouting is palpable," said council Board Chair and volunteer Kaleen Deatherage, who is also the council's first female Board Chair. "The Board is thrilled to welcome Gary back to the CPC and support his vision to welcome young people from all walks of life into this life-changing program."
"Kids deserve the chance to grow, learn, develop character and become tomorrow's ethical leaders," Carroll said. "Scouting accomplishes these things and more in a safe environment, while connecting whole communities with enriching leadership experiences in the great outdoors. I want to personally welcome all families to find adventure with us." Carroll is also the first black CEO of a BSA council in the Pacific Northwest.
Since he was in grade school, Carroll has been active in Scouting, earning the BSA's second-highest rank of Life Scout and serving on camp staff at Goshen Scout Reservation in Virginia. He has spent the last 15 years of his career with the BSA, most recently leading operations in Greater Los Angeles Area Council. He is also a leading member of the BSA's National Honor Society, the Order of the Arrow, and chair of the Boy Scouts of America's LGBTQ+ employee resource group.
About the Cascade Pacific Council, Boy Scouts of America
Cascade Pacific Council, BSA (CPC) guides nearly 8,000 girls and boys in 19 counties of NW Oregon and SW Washington. We offer an unparalleled program that teaches leadership and citizenship through fun and exciting adventures for the whole family. We invite all people to get involved in Scouting and are committed to creating a positive, safe, and welcoming environment for all, valuing diverse backgrounds, perspectives, and experiences that will grow and strengthen our movement and continue to make us a valued contributor to the communities we serve. Find out more at https://cpcbsa.org
Our Diversity Statement
The Cascade Pacific Council, Boy Scouts of America is committed to foster a culture of diversity and inclusion that makes it enriching to participate, volunteer, and work in the Scouting program. In expanding our mission throughout SW Washington and NW Oregon, we are committed to becoming better prepared to serve people of all genders, orientations, ethnicity, physical ability, socioeconomic status, political belief, and faith, consistent with Scouting's traditions and values.
In collaboration with the community, we are committed to creating a welcoming environment for all, encouraging each other to live by the values of the Scout Oath and Law; inclusive of all perspectives and experiences that strengthen our movement, help prepare young people to serve as successful leaders and continue to make CPC a valued contributor to the nation's increasingly diverse communities.
Scouting provides a safe environment for the next generation to become self-reliant, appreciative of people from all backgrounds, and prepared to function as an integral and impactful part of the world. CPC aims to reduce barriers so that any youth can become a Scout.
About the Boy Scouts of America
The Boy Scouts of America (BSA) provides the nation's foremost youth programs of character development and values-based leadership training, which help young people be "Prepared. For Life.®" The mission of the Boy Scouts of America is to prepare young people to make ethical and moral choices over their lifetimes by instilling in them the values of the Scout Oath and Law. For more information on the Boy Scouts of America, please visit www.Scouting.org.
Contact: Chris Bartell, Director of Marketing & Communications
chris.bartell@scouting.org cell: (971)337-5922
For interviews, contact: Robin Stoeckler, Executive Assistant
robin.stoeckler@scouting.org phone: (503)225-5757
View original content to download multimedia:
SOURCE Cascade Pacific Council, Boy Scouts of America | https://www.kxii.com/prnewswire/2022/05/18/local-scouts-welcome-first-openly-gay-ceo-boy-scouts-americas-112-year-history/ | 2022-05-18T12:13:27Z |
Heart of Stark: Massillon Museum podcast interviews award-winning photographer
In partnership with The Repository, every Monday, Stark Community Foundation is highlighting positive happenings in our community. Here’s to Good News Mondays!
MassMusings, a podcast produced by the Massillon Museum to bring together art and history, has given listeners an inside look into the exhibits, artists and projects happening at the museum and in the community through interviews with featured guests.
Recognized by the Museums Association with an honorable mention award, MassMusings launched in March 2021 and has hosted 12 guests over two seasons. The latest episode features the Tiger Legacy documentation project and the photographer behind the project, Gary Harwood.
Harwood worked with the Massillon Museum on the original Tiger Legacy exhibition in 2012 and the subsequent version in 2015, which coincided with the publication of an award-winning catalog. Both were photographic documentations of the Massillon Washington High School football seasons and the community’s traditions.
A decade later, the project’s current iteration, Tiger Legacy: The Story Continues, is a continuation of the original exhibit and features photographs of Massillon Tiger players, traditions and special moments from the 2021 football season. The gallery is on view through July 10 in the Paul Brown Museum.
"The uniqueness of Massillon and the tradition that has lasted for 131 years leads to a distinct experience here that you can’t get anywhere else," said Harwood.
Originally asked to photograph the football boosters and the team, Harwood soon realized that there were many stories to be captured by looking at the fans. As he brought the project back for its 10th anniversary, he felt more strongly than ever that photographing the community, fans and parents best convey the importance of the sport, its players and the legacy of the program in the Massillon community.
"The community is the story here," said Harwood. "There are high schools everywhere. High school football is all over the country, everywhere, all the time. But there’s something about Massillon football, the community that supports Massillon football and the culture that has been built up."
Visit the Paul Brown Museum to see the Tiger Legacy exhibit this week, and listen to more episodes of MassMusings at www.massillonmuseum.org/massmusings.
Stark Community Foundation helps individuals, families, businesses and nonprofits achieve their philanthropic goals through a variety of charitable funds and strategic initiatives. Ranked in the top 10% of community foundations in the country, the foundation and its family of donors have granted $215 million to nonprofits since 1963. Learn more at www.starkcf.org. | https://www.cantonrep.com/story/news/2022/07/04/heart-stark-massillon-museum-interviews-award-winning-photographer/7788820001/ | 2022-07-04T11:16:16Z |
NEW YORK, April 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Telos Corporation ("Telos" or the "Company") (NASDAQ: TLS). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Telos and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On November 15, 2021, Telos held an earnings call to discuss the Company's financial results for the third quarter of 2021. During the call, Telos's Chief Financial Officer, Mark Bendza, disclosed that the Company's contracts with the Centers for Medicare and Medicaid Services ("CMS") and U.S. Transportation Security Administration ("TSA") would be delayed, with only the TSA contract commencing in 2022, while the CMS contract was pushed back until after 2022. During the call, Bendza acknowledged deficiencies in Telos's past guidance process, stating that "going forward . . . I will guide based on what [we] have a high degree of visibility into at a point in time. And so, you're going to see that in how we guide going forward."
On this news, Telos's stock price fell $6.84 per share, or more than 28%, to close at $17.54 per share on November 15, 2021.
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
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.kxii.com/prnewswire/2022/04/04/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-telos-corporation-tls/ | 2022-04-04T09:29:37Z |
Earnings to be announced by the Company before the market opens on August 29, 2022
TORONTO, Aug. 24, 2022 /PRNewswire/ - Think Research Corporation (TSXV: THNK) (OTC: THKKF) ("Think" or the "Company"), a company focused on transforming healthcare through digital health software solutions, today announced that it will release its financial results for the three months ended June 30, 2022 before the market opens on August 29, 2022.
Think's financial statements and Management Discussion and Analysis will be available under the Company's profile on SEDAR and on the Company's website as of 7:30 a.m. Eastern Time.
Management will hold a conference call on August 29, 2022 at 9 a.m. Eastern Time hosted by CEO Sachin Aggarwal and interim CFO John Hayes with a Q & A session to follow.
Toronto: 416-764-8659
North American Toll-free: 1-888-664-6392
Conference ID: 61386443
Webcast: https://app.webinar.net/y5Ag9m7L36M
A transcript of the call will be posted on the Company's website at www.thinkresearch.com within 48 hours of the call.
Think Research Corporation is an industry leader in delivering knowledge-based digital health software solutions. The Company's focused mission is to organize the world's health knowledge so everyone gets the best care. Its evidence-based healthcare technology solutions support the clinical decision-making process, standardize care, to facilitate better health care outcomes. The Company gathers, develops, and delivers knowledge-based solutions globally to enterprise clients including hospitals, health regions, health care professionals, and / or governments. Think licenses its solutions to over 13,000 facilities for over 300,000 primary care, acute care, and long-term care doctors, nurses and pharmacists that rely on the content and data provided by Think to support their practices. Millions of patients and residents annually receive better care due to the essential data that Think produces, manages and delivers. Visit www.thinkresearch.com
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: https://www.thinkresearch.com/ca/investors/
View original content to download multimedia:
SOURCE Think Research Corporation | https://www.kxii.com/prnewswire/2022/08/24/think-research-announces-date-second-quarter-2022-earnings-release-conference-call-details/ | 2022-08-24T12:40:15Z |
TORONTO, April 27, 2022 /PRNewswire/ - McLean & Company, one of the world's leading HR research firms, has published its 2022 Employee Engagement Trends Report on how engagement has evolved in the new and ever-changing hybrid work reality. McLean & Company's report draws from data collected from 2019 to 2021, three prime years for studying employee engagement and satisfaction before, during, and into the aftermath of a global pandemic.
Employee engagement has been top of mind for many HR leaders as significant challenges with employee satisfaction and retention have come to light in recent years. According to McLean & Company, "Engaged employees feel energized, passionate, and dedicated. They are highly involved with their work and the organization." As such, companies with a high number of engaged employees typically retain their talent at a higher rate than those with lower levels of employee engagement and satisfaction.
The future of work continues to trend toward increasingly flexible hybrid and virtual offerings, spurred on by COVID-19 and bringing with it a renewed scrutiny into the way organizations engage and interact with their colleagues. With work-life balance, comprehensive benefits, and corporate culture ranking higher on employees' list of concerns, workers are no longer willing to remain engaged with companies whose lived values, company cultures, and provided benefits do not meet expectations.
"Our members frequently ask us how the pandemic has impacted engagement so they can better understand the trends in their own organizations," says Leigh Caiger, Practice Lead of Advisory Services at McLean & Company. "The data and benchmarks in this report provide the information HR leaders need to evaluate, understand, and manage their engagement proactively in our new hybrid reality."
To keep employees engaged and both attract and retain talent, HR leaders must be prepared to acknowledge the workforce's shifting priorities and change the way they think about employee engagement, McLean & Company shares. The firm's new Employee Engagement Trends Report highlights three key engagement driver categories that emerged from the three years of data collected. McLean & Company's research findings emphasize what organizations must consider when evaluating and attempting to improve employee engagement over the coming months:
- Organizational Drivers – Areas that influence an employee's satisfaction and commitment to their organization, such as Culture, Customer Focus, Company Potential, Department Relationships, and Senior Management Relationships. Key takeaways from the data collected by McLean & Company underscore that remote and hybrid work did not impact views on culture, although onsite employees were 9.0% more likely to agree that their company's departments work well together to get things done. While satisfaction with senior management relationships increased by almost 8% from 2019 to 2021, this improvement was mainly seen in onsite workers. Employees in a remote or hybrid working environment reported relatively little change in their perceptions of senior management relationships. Though organizations of all sizes saw an increase in senior manager relationship scores, large organizations saw the biggest jump between 2019 to 2021.
- Job Drivers – Areas that influence an employee's happiness and commitment with their day-to-day role, including Employee Empowerment, Learning and Development, Rewards and Recognition, Co-Worker Relationships, and Manager Relationships. Key takeaways emphasize that job driver scores increased in 2020 and plateaued in 2021, with increases of 4.4% in Employee Empowerment, 6.0% in Learning and Development, 7.0% in Rewards and Recognition, 2.2% in Co-Worker Relationships, and 6.6% in Manager Relationships from 2019 to 2021. Overall, the research found that employees are much less satisfied with Learning and Development and Rewards and Recognition compared to other job drivers. The impact of work style on relationships, such as remote or hybrid versus onsite, cannot be overlooked as it affects other job drivers, including Empowerment and Learning and Development. Workers hired before the shift to remote work in 2020 typically report a stronger sense of feeling as though they have a good friend within the organization compared to those hired after work-from-home began in early 2020. This suggests newly hired remote and hybrid employees may be struggling to build relationships with their co-workers in a virtual environment.
- Retention Drivers – Areas that influence an employee's desire and likelihood to stay at an organization, like Compensation, Benefits, Work-Life Balance, and Working Environment. Key takeaways highlight that changing work conditions brought on by the pandemic are no longer unique. Workers' perceptions and expectations of flexible work arrangements and benefits have broadened alongside organizations offering expanded benefits packages throughout the pandemic. This has led to increased expectations for employers to provide more comprehensive benefits, including previously unseen perks such as summer Friday afternoons off or holiday shutdowns. The research also indicated that work-life balance is becoming a challenge in the new world of work, with 62% of organizations reporting increased working hours, though 80% also reported increased work flexibility. Despite improvements in 2020, retention scores returned to pre-pandemic levels in 2021, with Working Environment ranking as the highest retention driver, followed by Work-Life Balance, Benefits, and Compensation.
To recognize, assess, and improve upon employee engagement, HR leaders can take advantage of the full analysis of engagement and key driver trends over the last three years in the 2022 Employee Engagement Trends Report.
It's important to remember that while using engagement data is critical in the process of determining best practices for employee engagement within an organization, it is a starting point and not the end of the conversation. To assist HR leaders in their efforts to improve upon employee engagement within their companies, McLean & Company offers various levels of support and practical resources to best suit their unique and individual needs, including DIY Toolkits, Guided Implementations, Workshops, and Consulting
To learn more about McLean & Company or to download all the latest research, visit hr.mcleanco.com and connect via LinkedIn and Twitter.
Media professionals are encouraged to register for McLean & Company's Media Insiders program for more research and insights. This program provides unrestricted, on-demand access to HR, IT, and software industry content as well as subject matter experts from a group of over 200 research analysts. To apply for access, contact pr@mcleanco.com.
Through data-driven insights and proven best-practice methodologies, McLean & Company offers comprehensive resources and full-service assessments, action plans, and training to position organizations to meet today's needs and prepare for the future.
McLean & Company is a division of Info-Tech Research Group.
View original content to download multimedia:
SOURCE McLean & Company | https://www.kxii.com/prnewswire/2022/04/27/engagement-hybrid-workplace-relies-three-key-driver-categories-according-new-employee-engagement-trends-report/ | 2022-04-27T14:53:56Z |
Andersonville and Northalsted Locations Celebrating Grand Reopenings
ST. LOUIS, May 23, 2022 /PRNewswire/ -- CBD Kratom, the largest-privately owned cannabis and kratom retail chain in the United States, announced today the full redesign and grand reopenings of two Chicago-area stores: the Andersonville location at 5303 N. Clark St. and the Northalsted location at 3434 N. Halsted St. in Chicago, IL.
"Our goal with redesigning our stores is to provide our customers with a reimagined, elevated shopping experience," said Ocean Cohen, Director of Retail Growth and Development at CBD Kratom. "The new, modern feel allows us to better connect and facilitate our consultative approach with both new and existing customers."
As part of the Andersonville store's grand reopening, a ribbon cutting was held in partnership with the Andersonville Chamber of Commerce on Friday, May 20. The reopening celebration extends from Friday, May 20 to Sunday, May 22 with special offers, opportunities to win free products, a balloon arch for photography opportunities, and fresh cookies from local vendor and fellow Andersonville Chamber member Defloured Bakery.
Following suit, the Northalsted store will kick off its grand reopening events with a ribbon cutting held in partnership with the Northalsted Chamber of Commerce on Friday, May 27. Special guest and locally-renowned DJ Ca$h Era will mix music live on both Friday, May 27 and Saturday, May 28 from 4:00 p.m. - 8:00 p.m. while customers enjoy special offers.
CBD Kratom recently received the honor of being listed as the largest cannabis firm in Missouri, and operates in six markets. Known for its excellent customer service, CBD Kratom's extensively-trained and knowledgeable team helps customers find the right products for their unique needs while also educating them through the worlds of cannabis and kratom.
ABOUT CBD KRATOM:
CBD Kratom is committed to helping customers lead healthy and fulfilling lives. Through their extensive product selection that includes edibles, topical creams, oils, skin care and pet treats, customers are guaranteed to find the right product for their unique needs. CBD Kratom has 54 retail locations throughout Chicago, Dallas, Houston, New York, Philadelphia, and St. Louis. For more information, visit cbdkratom.com.
View original content to download multimedia:
SOURCE CBD Kratom | https://www.mysuncoast.com/prnewswire/2022/05/23/chicago-cbd-kratom-stores-receive-complete-renovations-inviting-customers-experience-elevated-shopping/ | 2022-05-23T15:27:01Z |
CALLAWAY GOLF COMPANY ANNOUNCES RECORD SECOND QUARTER 2022 RESULTS AND RAISES FULL YEAR GUIDANCE
Published: Aug. 4, 2022 at 3:24 PM CDT|Updated: 1 hour ago
Second Quarter Revenue Increase Driven by Strong Demand and Strength Across All Segments
Topgolf Delivers 8% Growth in Same Venue Sales Compared to 2019
Q2 2022 consolidated net revenues increased $202.1 million to $1,115.7 million, an increase of 22.1% compared to Q2 2021
Q2 2022 GAAP net income of $105.4 million and non-GAAP net income of $93.5 million
Q2 2022 Adjusted EBITDA increased $42.8 million to $207.3 million, an increase of 26.0% compared to Q2 2021
Increased full year 2022 revenue outlook to $3,945 million - $3,970 million and Adjusted EBITDA outlook to $555 million - $565 million
CARLSBAD, Calif., Aug. 4, 2022 /PRNewswire/ -- Callaway Golf Company (the "Company" or "Callaway") (NYSE: ELY) announced record financial results for the second quarter and six months ended June 30, 2022.
"We were very pleased with our second quarter financial results," commented Chip Brewer, President and Chief Executive Officer of Callaway. "Our second quarter revenues increased 22%, reflecting increases in all major product categories, in all major regions and in all operating segments. Continued strong demand, along with market share gains, pricing and other business improvements we implemented this year have allowed us to outrun the ubiquitous inflationary pressures, unfavorable foreign currency exchange rates and staffing challenges. As a result, our Adjusted EBITDA increased 26%. While we are not immune from these macroeconomic headwinds, we believe we can continue to manage through them and our business remains strong overall. We are therefore increasing our full year guidance."
GAAP, NON-GAAP AND PRO FORMA RESULTS In addition to the Company's results prepared in accordance with GAAP, the Company has provided information on a non-GAAP and pro forma basis. The manner in which the non-GAAP information is derived is discussed further toward the end of this release, and the Company has provided in the tables to this release a reconciliation of the non-GAAP information to the most directly comparable GAAP information. The 2021 results presented on a pro forma basis include Topgolf results for January and February prior to the closing of the merger on March 8, 2021.
SUMMARY OF FINANCIAL RESULTS
The Company announced the following GAAP and non-GAAP financial results for the three and six months ended June 30, 2022 and 2021 (in millions, except earnings per share).
NON-GAAP RESULTS
Non-GAAP results exclude certain non-recurring and non-cash adjustments as defined further below.
Second Quarter 2022 Financial Highlights (All comparisons to prior periods are calculated on a year-over-year basis.)
Net revenues increased $202.1 million (or 22.1%), driven by a $78.3 million (or 24.1%) increase in the Topgolf segment, a $50.6 million (or 12.6%) increase in the Golf Equipment segment and a $73.2 million (or 39.2%) increase in the Active Lifestyle segment (formerly named "Apparel, Gear and Other"). Changes in foreign currency rates had a $38.6 million negative impact on net revenues for the quarter ended June 30, 2022.
GAAP income from operations increased $21.7 million (or 20.2%) and non-GAAP income from operations increased $17.1 million (or 14.5%), due to strong sales across all segments, product categories and regions. While changes in foreign currency rates, increased freight expense and other inflationary impacts put pressure on operating margins, the Company was generally able to offset these through the continued success of the Topgolf venues, price increases and increased sales volumes and efficiencies, resulting in an increase in operating income across all segments.
GAAP other expense decreased $10.7 million (or 34.1%) and non-GAAP other expense decreased $7.5 million (or 27.8%), primarily due to an increase in hedge gains related to the dollar strengthening across most major currencies during the quarter, and partially offset by an increase in interest expense related to deemed landlord financing interest on additional Topgolf venues and higher variable rates on the Company's term loans and asset-based revolving credit facility.
GAAP net income increased $13.7 million (or 14.9%) quarter over quarter, primarily due to strong performance of the operating segments, partially offset by a $15.8 million change in the Company's tax valuation allowance. On a non-GAAP basis, which excludes the change in the valuation allowance, amongst other items, non-GAAP net income for the quarter ended June 30, 2022 was $93.5 million compared to $70.5 million for the same period in 2021.
GAAP earnings per diluted common share was $0.53 for the quarter ended June 30, 2022, compared to $0.47 per diluted common share for the same period in 2021. Non-GAAP earnings per diluted common share was $0.47 for the quarter ended June 30, 2022, compared to $0.36 per diluted common share for the same period in 2021. Weighted average diluted shares totaled 200.6 million shares for the quarter ended June 30, 2022, compared to 194.3 million shares for the same period in 2021, an increase of 6.3 million shares. The increased share count is primarily related to a change in accounting guidance, which took effect on January 1, 2022, and requires the Company to assume the full conversion of 14.7 million shares related to its convertible notes in its weighted average diluted share calculation.
Adjusted EBITDA for the quarter ended June 30, 2022 increased $42.8 million, (or 26.0%), which consisted of a $29.2 million increase from Topgolf and a $13.6 million increase from the non-Topgolf business, which includes continued investment in the corporate functions.
SEGMENT RESULTS
The table below provides net revenues by segment for the three and six months ended June 30, 2022 and 2021 (in millions):
The table below provides the breakout of segment operating income for the three and six months ended June 30, 2022 and 2021 (in millions):
Second Quarter 2022 Segment Highlights
(All comparisons to prior periods are calculated on a year-over-year basis)
Topgolf
Golf Equipment
Active Lifestyle
The following is a reconciliation of income before income taxes to total segment operating income for the three and six months ended June 30, 2022 and 2021 (in millions):
2022 BUSINESS OUTLOOK The 2022 projections set forth below are based on the Company's best estimates at this time. They include the estimated impact of certain factors, including (1) ongoing impact of COVID-19, (2) changes in foreign currency rates, and (3) freight costs and other inflationary pressures.
Net Revenues: The Company currently estimates that its full year 2022 net revenue will be within the range of $3,945 million - $3,970 million, which includes $129 million of negative foreign currency impact. The full year 2022 net revenue estimate assumes Topgolf segment revenue of approximately $1.56 billion, consistent with previous guidance. It also assumes Golf Equipment segment revenue growth of 12% or more, up from prior guidance of approximately 10%, and the Active Lifestyle segment revenue reaching approximately $1 billion, consistent with previous guidance. On a consolidated basis, 2022 full year revenue is estimated to increase over 20% compared to 2021.
Adjusted EBITDA: The Company is increasing its full year 2022 Adjusted EBITDA guidance to $555 million - $565 million, an increase of $15 million at the midpoint of guidance compared to prior guidance driven by increases in both the Golf Equipment and Topgolf segments. The full year 2022 Adjusted EBITDA guidance estimate for the Topgolf segment is $235 million - $245 million. On a consolidated basis, at the midpoint of guidance, 2022 full year Adjusted EBITDA is estimated to increase by $100 million compared to 2021.
Net Revenues: The Company currently estimates that its second half 2022 net revenue will be within the range of $1,790 million - $1,815 million, which includes $69 million of negative foreign currency impact. This represents an increase in each of our operating segments and on a consolidated basis represents an approximate 15% increase in revenue over 2021 for the second half.
We expect total Company third quarter net revenue to increase approximately 11% to $940 million - $955 million, which includes $42 million of negative foreign currency impact, compared to net revenues of $856 million in the third quarter of 2021. Given the second half launch timing of golf equipment products in 2022 versus 2021, net revenue for the golf equipment segment is expected to be down mid-to-high single digits in the third quarter but is expected to increase double digits in the fourth quarter, resulting in growth of 12% or more for the full year. The other two segments are expected to grow by double digits in both the third and fourth quarters.
Adjusted EBITDA: The Company currently estimates that its second half 2022 Adjusted EBITDA will be within the range of $178 million - $188 million compared to $153 million in the second half of 2021. Given foreign exchange headwinds and difference in timing of new golf equipment product launches compared to 2021, the Company expects consolidated Adjusted EBITDA to decrease in the third quarter but increase in the fourth quarter. Third quarter Adjusted EBITDA is estimated to be between $122 - $132 million in 2022 compared to $139 million in 2021. The Company expects that Adjusted EBITDA will increase significantly in the fourth quarter of 2022 compared to 2021, resulting in an overall 20% increase in Adjusted EBITDA in the second half of 2022.
ADDITIONAL INFORMATION AND DISCLOSURES Conference Call and Webcast The Company will be holding a conference call at 2:00 p.m. Pacific time today, August 4, 2022, to discuss the Company's financial results, outlook and business. The call will be broadcast live over the Internet and can be accessed at http://ir.callawaygolf.com/. A replay of the conference call will be available approximately two hours after the call ends, and will remain available through 9:00 p.m. Pacific time on August 11, 2022. The replay may be accessed through the Internet at http://ir.callawaygolf.com/.
Non-GAAP Information The GAAP results contained in this press release and the financial statement schedules attached to this press release have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). To supplement the GAAP results, the Company has provided certain non-GAAP financial information as follows:
Constant Currency Basis. The Company provided certain information regarding the Company's financial results or projected financial results on a "constant currency basis." This information estimates the impact of changes in foreign currency rates on the translation of the Company's current or projected future period financial results as compared to the applicable comparable period. This impact is derived by taking the current or projected local currency results and translating them into U.S. dollars based upon the foreign currency exchange rates for the applicable comparable period. It does not include any other effect of changes in foreign currency rates on the Company's results or business.
Non-Recurring and Non-cash Adjustments. The Company provided information excluding certain non-cash amortization and depreciation of intangibles and other assets related to the Company's acquisitions, IT integration and implementation costs associated with new ERP systems for certain new subsidiaries and impairment charges related to the suspension of the Jack Wolfskin business in Russia in 2022, non-cash amortization of the debt discount related to the Company's convertible notes in 2021, acquisition and other non-recurring items (including integration costs and a $252.5 million non-cash gain in 2021 resulting from the Company's pre-merger equity position in Topgolf), and changes in the Company's non-cash valuation allowance recorded against certain of the Company's deferred tax assets as a result of the Topgolf merger.
Adjusted EBITDA. The Company provides information about its results excluding interest, taxes, depreciation and amortization expenses, non-cash stock compensation expense, non-cash lease amortization expense, and the non-recurring and non-cash items referenced above.
In addition, the Company has included in the schedules attached to this release a reconciliation of certain non-GAAP information to the most directly comparable GAAP information. The non-GAAP information presented in this release and related schedules should not be considered in isolation or as a substitute for any measure derived in accordance with GAAP. The non-GAAP information may also be inconsistent with the manner in which similar measures are derived or used by other companies. Management uses such non-GAAP information for financial and operational decision-making purposes and as a means to evaluate period-over-period comparisons and in forecasting the Company's business going forward. Management believes that the presentation of such non-GAAP information, when considered in conjunction with the most directly comparable GAAP information, provides additional useful comparative information for investors in their assessment of the underlying performance of the Company's business with regard to these items. The Company has provided reconciling information in the attached schedules.
For forward-looking Adjusted EBITDA information provided in this release, reconciliation of such forward-looking Adjusted EBITDA to the most closely comparable GAAP financial measure (net income) is not provided because the Company is unable to provide such reconciliation without unreasonable efforts. The inability to provide a reconciliation is because the Company is currently unable to predict with a reasonable degree of certainty the type and extent of certain items that would be expected to impact net income in the future but would not impact Adjusted EBITDA. These items may include certain non-cash depreciation, which will fluctuate based on the Company's level of capital expenditures, non-cash amortization of intangibles related to the Company's acquisitions, income taxes, which can fluctuate based on changes in the other items noted and/or future forecasts, and other non-recurring costs and non-cash adjustments. Historically, the Company has excluded these items from Adjusted EBITDA. The Company currently expects to continue to exclude these items in future disclosures of Adjusted EBITDA and may also exclude other items that may arise. The events that typically lead to the recognition of such adjustments are inherently unpredictable as to if or when they may occur, and therefore actual results may differ materially. This unavailable information could have a significant impact on net income.
Definitions Same venue sales. Callaway defines same venue sales for its Topgolf business as sales for the comparable venue base, which is defined as the number of Company-operated venues with at least 24 full fiscal months of operations in the year of comparison.
Forward-Looking Statements
Statements used in this press release that relate to future plans, events, financial results, performance, prospects, or growth opportunities, including statements relating to the Company's (and its segments') third quarter, second half and full year 2022 guidance (including net revenue, same venue sales, Adjusted EBITDA and Topgolf segment Adjusted EBITDA), continued impact of the COVID-19 pandemic on the Company's business and the Company's ability to improve and recover from such impact, impact of any measures taken to mitigate the effect of the pandemic, strength and demand of the Company's products and services, continued brand momentum, demand for golf and outdoor activities and apparel, continued investments in the business, increases in shareholder value, post-pandemic consumer trends and behavior, future industry and market conditions, pricing of products and services, foreign currency effects and their impacts, impacts of inflation and freight and other supply challenges, and statements of belief and any statement of assumptions underlying any of the foregoing, are forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "estimate," "could," "should," "intend," "may," "plan," "seek," "anticipate," "project" and similar expressions, among others, generally identify forward-looking statements, which speak only as of the date the statements were made and are not guarantees of future performance. These statements are based upon current information and expectations. Accurately estimating the forward-looking statements is based upon various risks and unknowns, including disruptions to business operations from additional regulatory restrictions in response to the COVID-19 pandemic (such as travel restrictions, government-mandated shut-down orders or quarantines) or voluntary "social distancing" that affects employees, customers and suppliers; costs, expenses or difficulties related to the merger with Topgolf, including the integration of the Topgolf business; failure to realize the expected benefits and synergies of the Topgolf merger in the expected timeframes or at all; production delays, closures of manufacturing facilities, retail locations, warehouses and supply and distribution chains; staffing shortages as a result of remote working requirements or otherwise; uncertainty regarding global economic conditions, particularly the uncertainty related to the duration and ongoing impact of the COVID-19 pandemic, and related decreases in customer demand/spending and ongoing increases in operating and freight costs; global supply chain constraints and challenges (including, without limitation, as a result of any prolonged shutdown in China); the Company's level of indebtedness; continued availability of credit facilities and liquidity and ability to comply with applicable debt covenants; effectiveness of capital allocation and cost/expense reduction efforts; continued brand momentum and product success; growth in the direct-to-consumer and e-commerce channels; ability to realize the benefits of the continued investments in the Company's business; consumer acceptance of and demand for the Company's and its subsidiaries' products and services; cost of living and inflationary pressures; any changes in U.S. trade, tax or other policies, including restrictions on imports or an increase in import tariffs; future consumer discretionary purchasing activity, which can be significantly adversely affected by unfavorable economic or market conditions; future retailer purchasing activity, which can be significantly negatively affected by adverse industry conditions and overall retail inventory levels; and future changes in foreign currency exchange rates and the degree of effectiveness of the Company's hedging programs. Actual results may differ materially from those estimated or anticipated as a result of these risks and unknowns or other risks and uncertainties, including the effect of terrorist activity, armed conflict, natural disasters or pandemic diseases, including expanded outbreak of COVID-19 and its variants, on the economy generally, on the level of demand for the Company's and its subsidiaries' products and services or on the Company's ability to manage its operations, supply chain and delivery logistics in such an environment; delays, difficulties or increased costs in the supply of components or commodities needed to manufacture the Company's products or in manufacturing the Company's products; and a decrease in participation levels in golf generally, during or as a result of the COVID-19 pandemic. For additional information concerning these and other risks and uncertainties that could affect these statements and the Company's business, see the Company's Annual Report on Form 10-K for the year ended December 31, 2021 as well as other risks and uncertainties detailed from time to time in the Company's reports on Forms 10-Q and 8-K subsequently filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
About Callaway Golf Company
Callaway Golf Company (NYSE: ELY) is an unrivaled, tech-enabled modern golf and active lifestyle company delivering leading golf equipment, apparel and entertainment, with a portfolio of global brands including Callaway Golf, Topgolf, Odyssey, OGIO, TravisMathew and Jack Wolfskin. Through an unwavering commitment to innovation, Callaway manufactures and sells premium golf clubs, golf balls, golf and lifestyle bags, golf and lifestyle apparel and other accessories, and provides world-class golf entertainment experiences through Topgolf, its wholly-owned subsidiary. For more information please visit www.callawaygolf.com, www.topgolf.com, www.odysseygolf.com, www.OGIO.com, www.travismathew.com, and www.jack-wolfskin.com.
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.kxii.com/prnewswire/2022/08/04/callaway-golf-company-announces-record-second-quarter-2022-results-raises-full-year-guidance/ | 2022-08-04T21:45:25Z |
RCPD cracks down on Pillsbury Crossing regulations
No alcohol, swimming, parking in roadway
MANHATTAN, Kan. (WIBW) - Riley County Police officers have cracked down on regulations at Pillsbury Crossing, which include no alcohol, swimming or parking in the roadway.
The Riley County Police Department says officers have already fielded several calls over the past few days to report large groups drinking alcohol and parking their vehicles in the water at Pillsbury Crossing.
On Wednesday, RCPD noted officers arrested Dustin Michael Boone, 24, of Manhattan, in the 2400 block of Pillsbury Crossing Rd. for a DUI.
RCPD said officers will continue to respond to calls and proactively patrol the area.
RCPD said alcohol regulations for the area were approved in 1990 and have been in place ever since. Alcohol is prohibited from the area.
Officers also said parking or standing in the roadway that crosses the water is prohibited. It said driving off the designated roadway is also illegal. Parking is allowed in only the designated parking areas. There are residents who live in the area and cannot get through when groups park at the crossing. If a resident is caught parking in the water, they will be asked to move or cited.
RCPD noted that swimming at Pillsbury Crossing is also illegal. It said this is for various reasons, including dangerous undercurrents and items coming from downstream.
The Department said Pillsbury Crossing is one of the 8 Wonders of Kansas and is meant to be a family-friendly environment with beautiful views. It has asked residents to help keep it that way.
RCPD also noted officers respond to a large number of accidents in the area yearly. It said everyone should be able to enjoy the unique area but should do so lawfully and safely.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/05/13/rcpd-cracks-down-pillsbury-crossing-regulations/ | 2022-05-13T18:04:12Z |
DUBLIN, May 19, 2022 /PRNewswire/ -- Medtronic plc (NYSE:MDT), a global leader in healthcare technology, today announced that it will report financial results for its fourth quarter and full fiscal year 2022 on Thursday, May 26, 2022. A news release will be issued at approximately 5:45 a.m. Central Daylight Time (CDT) and will be available at https://news.medtronic.com. The news release will include summary financial information for the company's fourth quarter and full fiscal year 2022, which ended on Friday, April 29, 2022.
Medtronic will host a video webcast at 7:00 a.m. CDT on Thursday, May 26, 2022, to discuss financial results for its fourth quarter and full fiscal year 2022. The webcast can be accessed at https://investorrelations.medtronic.com.
Within 24 hours of the broadcast, a replay and transcript of the prepared remarks will be available by clicking on the Investor Events link at https://investorrelations.medtronic.com.
Looking ahead, Medtronic plans to report its fiscal year 2023 first, second, third, and fourth quarter results on Tuesday, August 23, 2022, November 22, 2022, February 21, 2023, and Thursday, May 25, 2023, respectively. For these events, confirmation and additional details will be provided closer to the specific event.
About Medtronic
Bold thinking. Bolder actions. We are Medtronic. Medtronic plc, headquartered in Dublin, Ireland, is the leading global healthcare technology company that boldly attacks the most challenging health problems facing humanity by searching out and finding solutions. Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 90,000+ passionate people across 150 countries. Our technologies and therapies treat 70 health conditions and include cardiac devices, surgical robotics, insulin pumps, surgical tools, patient monitoring systems, and more. Powered by our diverse knowledge, insatiable curiosity, and desire to help all those who need it, we deliver innovative technologies that transform the lives of two people every second, every hour, every day. Expect more from us as we empower insight-driven care, experiences that put people first, and better outcomes for our world. In everything we do, we are engineering the extraordinary. For more information on Medtronic (NYSE:MDT), visit www.Medtronic.com and follow @Medtronic on Twitter and LinkedIn.
Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic's periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results.
View original content to download multimedia:
SOURCE Medtronic plc | https://www.kxii.com/prnewswire/2022/05/19/medtronic-announce-financial-results-its-fourth-quarter-full-fiscal-year-2022/ | 2022-05-19T15:41:23Z |
SMH warns pregnant women to avoid Big Olaf ice cream linked to Listeria outbreak
SARASOTA, Fla. (WWSB) - Sarasota Memorial Hospital is sounding the alarm for pregnant women after the Centers for Disease Control linked an outbreak of Listeria back to the Suncoast.
The CDC issued an alert Saturday warning customers to throw away products from Big Olaf Creamery in Sarasota and clean anything they touched. As of Sunday afternoon, one death and 22 hospitalizations have been attributed to this outbreak spanning across ten states.
Investigation details listed in the report described how investigators interviewed 17 people who got sick, 6 of whom claimed they ate Big Olaf ice cream, or that they ate ice cream from a location supplied by the Sarasota creamery. The investigation is ongoing, according to the CDC’s website.
Dr. Washington Hill, a maternal fetal medical specialist with Sarasota Memorial Hospital, spoke to news outlets in a zoom calling to emphasize Listeria can be a serious risk for expecting mothers. He said the mothers can catch flu-like symptoms or experience no symptoms, but it’s possible the baby can be infected and suffer severe consequences.
“There could be a miscarriage, a stillbirth or if the baby is born it can spend some time in the ICU,” he said.
However, we asked Hill how often mothers suffer a miscarriage or stillbirth after contracting Listeria and he said it’s “rare,” with the worst-case scenarios occurring in about 5% of these cases. Even still, he wants to make sure all pregnant women in the area are aware of the outbreak, so they can stay safe.
Hill is recommending that pregnant women who have eaten Big Olaf ice cream recently call their doctors whether they’re experiencing symptoms or not. The women with symptoms, he said, can get treatment, but they should not panic or rush to an emergency room.
As for men and women who aren’t pregnant, Hill said Listeria “is not really a serious disease” with those patients typically experiencing flu-like symptoms or digestion issues.
SMH was not able to explain why the CDC has connected Big Olaf to the outbreak, nor have they confirmed if any of the patients are from Sarasota or Manatee County.
Big Olaf Creamery is countering this claim. Rosie Peachy, a representative of the company, released a written statement explaining she doesn’t think the Listeria originated from this creamery. The full statement is as follows:
“For now it is only speculation as it is an ongoing investigation, our brand has not been confirmed to be linked to these cases, I am not sure why only Big Olaf is being mentioned and targeted. The original report we got from the Florida Department of Health on Friday July 1st, was that there are 23 cases reported, the first one reported was January 2022. 6 out of the 23 patients mentioned having consumed Big Olaf ice cream, but nothing has been proven. We have been cooperating with the Florida Department of Health, FDACS and the FDA as soon as we were informed about the situation. We have been transparent and have answered all their questions and provided them with all the information requested from us, as the health and well being of the public is our first priority.”
SMH is also sharing more educational material about Listeria and the risks associated with pregnant women, which you can read by clicking here.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/07/03/smh-warns-pregnant-women-avoid-big-olaf-ice-cream-linked-listeria-outbreak/ | 2022-07-03T23:15:12Z |
-- Evofem Gains Forbearance from Debtholders for All Existing Matters--
SAN DIEGO, Sept. 16, 2022 /PRNewswire/ -- Evofem Biosciences, Inc. (OTCPK: EVFM) today announced the successful restructuring of its debt, providing forbearance from its debtholders related to all existing events of default.
"This debt restructuring removes the overhang created by the Nasdaq delisting last month while securing ongoing forbearance from current defaults," said Saundra Pelletier, Evofem's Chief Executive Officer. "We are grateful to these investors for their support and commitment to the Company and Phexxi, which we believe testifies to the importance of this asset for hormone-free contraception and the significance of the pending top-line data readout next month from our Phase 3 registrational trial evaluating Phexxi for the prevention of chlamydia and gonorrhea in women. We believe positive outcomes from this landmark trial will catalyze strategic discussions and enable regulatory submissions to expand the Phexxi label."
In addition to the forbearance from all the Company's debtholders, other terms of the restructuring arrangements include:
- All holders of junior unsecured debt obligations have exchanged these obligations into rights to acquire Evofem's common stock.
- In addition, the remaining unsecured creditor, Adjuvant Capital, exchanged 10% of its unsecured debt obligations into rights to acquire Evofem's common stock. Adjuvant's $25 million strategic investment in October 2020 supported Evofem's Phase 3 registrational trial evaluating Phexxi® (lactic acid citric acid, and potassium bitartrate) for the prevention of chlamydia and gonorrhea in women as well as initiatives to expand global market access for the product.
- The healthcare investor that provided $25 million to Evofem under the April 2020 Securities Purchase and Security Agreement agreed to accept future interest payments as payment-in-kind instead of cash.
Evofem Biosciences, Inc. is developing and commercializing innovative products to address unmet needs in women's sexual and reproductive health, including hormone-free, woman-controlled contraception and protection from chlamydia and gonorrhea. The Company's first FDA-approved product, Phexxi® (lactic acid, citric acid and potassium bitartrate), is a hormone-free, on-demand prescription contraceptive vaginal gel. It comes in a box of 12 pre-filled applicators and is applied 0-60 minutes before each act of sex. The Company expects to report top-line data in October 2022 from its registrational Phase 3 EVOGUARD clinical trial evaluating Phexxi for two potential new indications – prevention of chlamydia and prevention of gonorrhea in women. Learn more at phexxi.com and evofem.com.
Phexxi® is a registered trademark of Evofem Biosciences, Inc.
This press release includes "forward-looking statements," within the meaning of the safe harbor for forward-looking statements provided by Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995 including, without limitation, statements related to the potential benefits and value of the forbearance and restructuring arrangements, the duration of forbearance, evaluations and judgments regarding investor support, and the potential results of the Company's registrational Phase 3 trial and related implications on women's health and related markets. Various factors could cause actual results to differ materially from those discussed or implied in the forward-looking statements, including market and other conditions, and you are cautioned not to place undue reliance on these forward-looking statements, which are current only as of the date of this press release. Each of these forward-looking statements involves risks and uncertainties. Important factors that could cause actual results to differ materially from those discussed or implied in the forward-looking statements, or that could impair the value of Evofem Biosciences' assets and business, are disclosed in the Company's SEC filings, including its Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on March 10, 2022, its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 filed with the SEC on August 12, 2022. and subsequent filings. All forward-looking statements are expressly qualified in their entirety by such factors. The Company does not undertake any duty to update any forward-looking statement except as required by law.
Contact
Amy Raskopf
SVP, Investor Relations
Evofem Biosciences, Inc.
araskopf@evofem.com
(917) 673-5775
View original content to download multimedia:
SOURCE Evofem Biosciences, Inc. | https://www.kxii.com/prnewswire/2022/09/16/evofem-announces-successful-debt-restructuring/ | 2022-09-16T10:43:53Z |
Company Increasing Production to Meet Dealer Demand
EUCLID, Ohio, Aug. 12, 2022 /PRNewswire/ -- Cortes Campers, LLC, a wholly-owned subsidiary of US Lighting Group, Inc. (OTC:USLG), today announced it delivered its first shipment of 17-foot towable travel trailers to Beartooth Ford, its dealer in Columbus, Montana. Montana is an extremely popular RV destination.
"We are very excited to deliver a shipment of sea foam green travel trailers, with updated interiors, to Beartooth Ford. This was made possible by streamlining our manufacturing process, thereby making it easier to ship more campers to satisfy our growing backlog of dealer orders," said Anthony Corpora, CEO and President of US Lighting Group. "In addition, we have increased our staffing to include more skilled talent in fiberglass lamination and assembly, which has helped us tremendously to meet demand for our product."
"One benefit of having a broad dealer network is that we can receive orders from all across the United States, where they can be sold and serviced near the customer. Dealers have been advertising the Cortes Campers brand in their territories and received significant interest from consumers, who particularly like the design and construction of the product. This is great news for Cortes Campers as we move forward with new features and concepts for future models."
Cortes Campers uses no wood in its state-of-the-art camper construction, and it has a powder-coated frame which makes its RV travel trailers impervious to corrosion, rust and rot. The campers are lightweight and very strong with a competitive price, making them very attractive in today's marketplace.
About US Lighting Group, Inc.
US Lighting Group, Inc. (OTC:USLG) has three subsidiaries which design and market various products: Cortes Campers, LLC, for molded fiberglass travel trailers and campers; Fusion X Marine, LLC, for high-performance boats; Futuro Houses, LLC, for fiberglass houses; and one subsidiary, Mig Marine Corp., which manufacturers composite products. The Company and its subsidiaries have manufacturing and R&D facilities in Cleveland, Ohio.
For additional information: uslightinggroup.com
About Cortes Campers, LLC
Cortes Campers is a revolutionary designer and marketer of state-of-the-art recreational vehicles, utilizing the highest quality marine materials to create lighter, stronger, and more durable RV travel trailers and campers.
For additional information: cortescampers.com
Forward-Looking Statements
Certain statements in this news release, including, but not limited to, reference to orders, sales goals, design effects, growth of the production and industries, may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. Statements included in this press release, other than statements of historical fact, are forward-looking statements. Forward-looking statements are typically, but not always, identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements.
Investor Relations Contact:
Chris Witty
646-438-9385
cwitty@darrowir.com
View original content to download multimedia:
SOURCE US LIGHTING GROUP | https://www.kxii.com/prnewswire/2022/08/12/cortes-campers-ships-travel-trailers-beartooth-ford-montana/ | 2022-08-12T12:34:25Z |
NEW ORLEANS (AP) — Brandon Ingram scored 16 of his 30 points in the third quarter and the New Orleans Pelicans beat the Phoenix Suns — playing without injured star Devin Booker — 118-103 in Game 4 on Sunday night to tie the first-round series.
Jonas Valanciunas reasserted himself in the middle with 26 points and 15 rebounds to help the Pelicans pull even heading back to Phoenix for Game 5 on Tuesday night.
Booker strained his right straight after scoring 31 first-half points in the top-seeded Suns’ Game 2 loss. Deandre Ayton led the Suns with 23 points and eight rebounds, and fellow center JaVale McGee had 14 points.
Chris Paul, who had 19-point fourth quarters in the Suns’ two playoff wins, was held to four points in 35 minutes. He had 11 assists, but committed three turnovers.
The Pelicans led 89-85 with 8:05 left and used a 12-0 run to ice it. Valanciunas, limited to six points in a Game 3 loss, scored 10 points in a 3:34 span of the fourth quarter to help the Pelicans pull away. He punctuated his scoring spree with a 3-pointer from the left wing.
New Orleans had a 35-23 advantage in the third quarter. Ingram was the catalyst, making 7 of 10 shots and assisting on two other baskets as New Orleans took an 84-74 lead. His flurry started on the Pelicans’ first three possessions of the half, with a pair of 15-footers and a layup.
The Suns used a 20-10 run, with Mikal Bridges breaking down the New Orleans defense with three layups in the final eight minutes of the first half, to take a 51-49 halftime lead.
TIP INS
Suns: Paul had 28 assists and zero turnovers in Games 2 and 3, but he had 11 assists and three turnovers on Sunday. In the first three games, his assist-to-turnover ratio was 38-2. … Cam Johnson had 13 points.
Pelicans: The Pelicans committed 46 turnovers in the first three games to the Suns’ 28, leading to a point differential of 72-27. But New Orleans committed just seven turnovers in Game 4. | https://cw33.com/sports/ap-sports/ingram-pelicans-overwhelm-booker-less-suns-to-tie-series/ | 2022-04-25T05:37:23Z |
Man fatally shot on New York subway train; suspect at large
NEW YORK (AP) - An unidentified gunman shot and killed another passenger on a moving New York City subway train Sunday morning in what police officials said appeared to be an unprovoked attack.
The shooting happened on a Q train traveling over the Manhattan Bridge at around 11:40 a.m., a time of day when subway cars are often filled with families, tourists and people headed to Sunday brunch.
Witnesses told police the gunman was pacing the last car of the train, “and without provocation, pulled out a gun and fired it at the victim at close range,” said the NYPD’s Chief of Department, Kenneth Corey.
The 48-year-old victim died at a hospital and was later identified by police as Daniel Enriquez of Brooklyn.
The shooter fled after the train arrived at the Canal Street station in Manhattan. Police were reviewing security video to try to identify him. Corey told reporters at a briefing that while the circumstances were still being investigated, witnesses couldn’t recall any prior interactions between the gunman and the person he shot. A single 9mm shell casing was recovered at the scene, police said.
The shooting came at a time when New Yorkers’ faith in the safety of the subway system has been rattled.
Last month, a man opened fire inside a Brooklyn subway train, scattering random shots that wounded 10 people. The person charged in that attack, Frank James, had posted dozens of online videos ranting about race, violence and his struggles with mental illness.
In January, a man suffering from schizophrenia fatally shoved a woman in front of a subway train. He was later found mentally unfit to stand trial.
Since taking office Jan. 1, Mayor Eric Adams, a Democrat, has made cracking down on violent crime a chief focus of his administration.
The former New York City police captain rode the subway to City Hall on his first day as mayor. He later said he didn’t feel safe on the train after encountering a yelling passenger and several homeless people, and said the city needs to tackle “actual crime” and “the perception of crime.”
Most of the violence the city has experienced in recent months has not been in the subways but in neighborhoods, particularly in communities of color. But attacks on the subway, a vital network millions of New Yorkers rely upon, loom large in public perceptions of safety.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/05/23/man-fatally-shot-new-york-subway-train-suspect-large/ | 2022-05-23T03:29:52Z |
Kids of all ages enjoyed story time with Drag Queen Story Hour in MHK
MANHATTAN, Kan. (WIBW) - Story time including a couple activities to get kids up and moving were part of the Drag Queen Story Hour in Manhattan on Saturday
Local Drag Queens, Lil Kim Chi and Ty Woo, read story books about being yourself to kids of all ages.
Kids had the opportunity to color and have snacks before heading the readings began.
They also helped the kids get rid of jitters by having them get up and moving with interactive songs.
“Just read a couple stories that maybe are a little bit inspiring or just kinda fun and get people out of the house.” Lil Kim Chi says.
“We’re all just here to have fun and spread our wings with our imaginations and get the kids to do that too.” Ty Woo says.
Ty Woo and Lil Kim Chi will both be out at the Little Apple Pride Festival next Saturday, April 23rd at Manhattan City Park.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/04/16/kids-all-ages-enjoyed-story-time-with-drag-queen-story-hour-mhk/ | 2022-04-16T23:31:39Z |
‘We are incensed’: University president says deputies tried to intimidate student-athletes
LIBERTY COUNTY, Ga. (WTOC/Gray News) - An incident that involved players from a university’s lacrosse team and deputies in Georgia remains under investigation.
WTOC reports Delaware State University President Tony Allen released a statement on Monday responding to the incident that reportedly happened on April 20 in Liberty County.
Allen wrote Georgia law enforcement stopped a bus for a minor traffic violation with the Delaware State Lacrosse team on board. Deputies searched the belongings of the student-athletes, including suitcases with drug-sniffing dogs.
The team was returning home from a game in Florida and traveling by a contracted bus, according to Allen.
The university president wrote in his statement that videos taken by players showed law enforcement attempting to intimidate them into confessing to possession of drugs and/or drug paraphernalia.
Nothing illegal was discovered in the search, and Allen informed the public that he has contacted Delaware’s governor, the Black Caucus and other state officials. Allen wrote that everyone was incensed over the incident.
Allen also added the following:
“We do not intend to let this or any other incident like it pass idly by. We are prepared to go wherever the evidence leads us. We have video. We have allies. Perhaps more significantly, we have the courage of our convictions.”
A spokesperson for the Liberty County Sheriff’s Office said the department is aware of the situation and that Sheriff William Bowman would be speaking about the incident this week.
Allen concluded his statement by writing, “We will never be bullied into believing anything other than what we are: Americans, learners, teachers, builders—useful and honorable people ready to soar.”
Copyright 2022 WTOC via Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/05/11/we-are-incensed-university-president-says-deputies-tried-intimidate-student-athletes/ | 2022-05-11T01:42:08Z |
PARSIPPANY, N.J., April 12, 2022 /PRNewswire/ -- Ferrero U.S.A., Inc. of Parsippany, New Jersey is voluntarily recalling its Kinder® Happy Moments Chocolate Assortment and Kinder® Mix Chocolate Treats basket, because the product may be contaminated with Salmonella Typhimurium. Salmonella is an organism which can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems. Healthy persons infected with Salmonella often experience fever, diarrhea (which may be bloody), nausea, vomiting and abdominal pain. In rare circumstances, infection with Salmonella can result in the organism getting into the bloodstream and producing more severe illnesses such as arterial infections (i.e., infected aneurysms), endocarditis and arthritis.
The voluntary recall is for two products in the U.S.
The products are being recalled because they were manufactured in a facility where Salmonella Typhimurium was detected. While there are no reports of illness in the United States to date, Ferrero is voluntarily recalling the products out of an abundance of caution due to reported cases of Salmonella in consumers that consumed products in Europe that were manufactured at the same facility.
No other Kinder products distributed or sold by Ferrero U.S.A., Inc. are included in this recall.
Ferrero U.S.A. takes this opportunity to alert consumers that there may be Kinder branded products currently for sale in the U.S. that are intended for foreign markets and unauthorized for sale in the U.S. Kinder branded products authorized for distribution in the U.S. include the following description printed directly on the back of the product packaging:
EXCL. DIST. FERRERO U.S.A., INC.
PARSIPPANY, NJ 07054
If you have any other Kinder products that do not include this information, the product is not distributed by Ferrero U.S.A. and is not authorized for distribution or sale in the U.S. market. Please dispose of it immediately, because the product could be included as part of a recall of certain Kinder products in Europe.
Consumers who have purchased the products mentioned above should not eat the product and may contact the Ferrero customer service line Monday - Friday 9am-6pm EST at 1-800-688-3552 or via https://www.ferreronorthamerica.com/contact-US-residents for product replacement.
Ferrero deeply regrets this situation. We take food safety extremely seriously and every step we have taken has been guided by our commitment to consumer care. We will continue to work cooperatively with the Food and Drug Administration to address this matter.
Consumer Inquiries: 1-800-688-3552
Media and Other Inquiries: Cheryll Forsatz, (732) 584-4146
View original content to download multimedia:
SOURCE Ferrero North America | https://www.mysuncoast.com/prnewswire/2022/04/12/ferrero-voluntarily-recalls-kinder-happy-moments-chocolate-assortment-kinder-mix-chocolate-treats-basket-because-possible-health-risk-advises-consumers-dispose-certain-kinder-products-not-intended-us-distribution-due-recall-products-made-belgium/ | 2022-04-12T17:46:52Z |
MIAMI, June 2, 2022 /PRNewswire/ -- On June 15th, five of the biggest players in the revitalization of Downtown Miami will gather in one room to discuss their vision for the transformation of this culturally and historically rich neighborhood.
DISRUPT—The Rebirth of Downtown announces its expert panelists for this month's panel discussion: Moishe Mana–Founder & Chairman of Mana Common, Daniel Peña Giraldi—School of Whales COO & Stambul USA Principal, Mika Mattingly–Executive Managing Director at Urban Core, Juan Mullerat–Principal at Plusurbia Design, and Yair Levy–Head of Time Century Holdings LLC.
DISRUPT is hosted by School of Whales, a real estate crowdfunding platform hailed by Mayor Francis Suarez for being Miami born and female founded. The monthly speaker series is held on the third Wednesday of every month at Bar La Real to discuss intriguing topics often brushed off by mainstream culture. School of Whales believes that access to educational information is just as important as access to investment opportunities and provides this space for industry leaders and Miami locals to enjoy illuminating conversation over craft cocktails.
Register here for DISRUPT—The Rebirth of Downtown while spots are still available!
Media contact: press@schoolofwales.com
View original content to download multimedia:
SOURCE School of Whales | https://www.mysuncoast.com/prnewswire/2022/06/02/school-whales-brings-together-five-biggest-players-downtown-miamis-revitalization-different-kind-panel-discussion/ | 2022-06-02T15:57:51Z |
DALLAS, July 6, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) released its 2021 Corporate Responsibility Report detailing advancements made on key environmental and social matters.
"At Comerica, we have identified key environmental and social issues where we have the ability to drive positive outcomes and help customers meet their own ever-evolving needs," said Curt Farmer, Chairman and Chief Executive Officer, Comerica Bank and Comerica Incorporated.
Comerica's 14th annual Corporate Responsibility Report details the company's progress in 2021 in the following areas:
- More than 50,000 low- to moderate-income individuals took part in Comerica $ense financial education sessions with nonprofit partners for adult, seniors, youth (including pre-K) and young adults, representing a 45% increase from 2020 outreach.
- Comerica's impact on local communities included hosting 380 small business bootcamps across its markets, which assisted more than 17,000 small businesses.
- Over the last decade, Comerica reduced Scope 1 and 2 emissions over 57%, exceeding its 50% reduction target for 2025, and well on the way to its 2030 target of 65%.
- Comerica participated in the Climate Safe Lending Fellowship program, joining a global cohort of bank sustainability professionals working to identify ways to align financial services with a more sustainable future.
- Comerica's Diversity, Equity and Inclusion (DEI) office delivered diversity education to more than 80% of the employee population with a focus on unconscious bias, microaggressions and other anti-racism education.
- At the conclusion of 2021, 65% of U.S. colleagues and 52% of Comerica's managers were women, and 41% of U.S. colleagues were racial/ethnic minorities.
- Comerica's DEI Scorecard acts as the quantitative measurement tool used to ensure progress towards documented goals, both short- and long-term. In 2021, 100% of business units met their DEI performance goals.
- In 2021, more than $1.7 billion in loans and commitments were coded to environmentally beneficial businesses or projects. This marks a 42% increase in loans and commitments coded as green versus 2020.
- To ensure the success of small businesses, Comerica committed $5 billion in lending from 2021-2023.
- Comerica's 19 Business Resource Groups closed $418 million in business to support diverse communities.
- Comerica originated more than $2.5 billion in community and economic development loans.
- To help provide easy access to banking services in underserved neighborhoods, Comerica launched gomerica, a mobile bank.
In November 2021, Comerica announced the establishment of an Office of Corporate Responsibility that reports directly to Farmer. The division is designed to enhance collaboration across the bank and focus on addressing the five commitments above.
"The creation of the Corporate Responsibility division has allowed us to further align valuable resources and continue building on the momentum we have already established to foster change now and into the future for our communities, customers and colleagues," said Wendy Bridges, Executive Vice President, Corporate Responsibility.
More recently, Comerica announced the expansion of its Environmental Services Department (ESD) with the introduction of the Renewable Energy Solutions group. With its newest addition, Comerica can better align credit resources, including underwriting and approval, drive greater organizational consistency, and benefit its broader sustainability objectives by driving green loan growth and improving the accuracy of data related to the bank's renewable efforts.
To further support our communities in 2021, Comerica provided low-income housing tax credit equity investments totaling $75 million and has recently launched an Affordable Housing Tax Credit Lending team. Projects like Edison Crossing in southeast Michigan, which is set to provide 30 newly constructed units, brings opportunities to low- to moderate-income communities. Edison Crossing will provide Permanent Supportive Housing for chronically homeless individuals and households. Along with housing, the project will feature wrap around services that include benefit assistance, mental health services, financial management, employment training and literacy services.
Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $89.2 billion as of March 31, 2022.
View original content to download multimedia:
SOURCE Comerica Incorporated | https://www.kxii.com/prnewswire/2022/07/06/comerica-issues-2021-corporate-responsibility-report/ | 2022-07-06T18:02:26Z |
STOCKHOLM, Sept. 14, 2022 /PRNewswire/ -- Eco Wave Power Global AB (publ) (NASDAQ Capital Market: WAVE) ("Eco Wave Power" or the "Company") announced that it will report its financial results for the first six months of 2022 after the Nasdaq market close on Tuesday, September 27, 2022.
Conference Call And Webcast Information
A conference call to discuss the financial results will be held the following morning Wednesday, September 28, 2022, at 9 a.m. Eastern time. Inna Braverman, CEO, will host the call.
- The dial-in numbers for the conference call are 888-506-0062 (toll-free) or 973-528-0011. If requested, please provide participant access code: 234153
- The event will be webcast live, available at: https://www.webcaster4.com/Webcast/Page/2922/46561
A replay will be available by telephone approximately two hours after the call's completion until Wednesday, October 12, 2022. You may access the replay by dialing 877-481-4010 from the U.S. or 919-882-2331 for international callers and using the Replay ID 46561. The archived webcast will also be available on the Company's investor relations section of its website.
Individual Meeting Information
In an effort to increase relations with institutional investors, management has dedicated time to hosting individual meetings with portfolio managers and analysts on September 29th, 2022. If you are interested in scheduling a meeting with management, please contact wave@fnkir.com.
About Eco Wave Power Global AB (publ)
Eco Wave Power is a leading onshore wave energy technology company that developed a patented, smart and cost-efficient technology for turning ocean and sea waves into green electricity. Eco Wave Power's mission is to assist in the fight against climate change by enabling commercial power production from the ocean and sea waves.
The Company is currently finalizing the construction of its grid connected project in Israel, with co-investment from the Israeli Energy Ministry, which recognized the Eco Wave Power technology as "Pioneering Technology" and will soon commence the installation of its newest pilot in AltaSea's premises in the Port of Los Angeles. The Company also holds concession agreements for commercial installations in Europe and has a total projects pipeline of 327.7MW.
Eco Wave Power received funding from the European Union Regional Development Fund, Innovate UK and the European Commission's Horizon 2020 framework program. The Company has also received the "Global Climate Action Award" from the United Nations.
Eco Wave Power's American Depositary Shares (WAVE) are traded on the Nasdaq Capital Market. More info: www.ecowavepower.com.
Information on, or accessible through, the websites mentioned above does not form part of this press release.
For more information, please contact:
Inna Braverman, CEO
Inna@ecowavepower.com
+97235094017
For additional investor/media inquiries, please contact:
Investor Contact:
Matt Chesler, CFA
FNK IR
+1.646.809.2183
wave@fnkir.com
Media Inquiries:
Jacob Scott, Vectis Strategies
+1.412.445.7719
jscott@vectisstrategies.com
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
View original content:
SOURCE EWPG Holding AB (publ) | https://www.kxii.com/prnewswire/2022/09/14/eco-wave-power-report-first-half-2022-results-tuesday-september-27-2022/ | 2022-09-14T14:33:35Z |
ZURICH, Aug. 4, 2022 /PRNewswire/ --
AD HOC ANNOUNCEMENT pursuant to Art. 53 Listing Rules of SIX Swiss Exchange
HIGHLIGHTS
- Revenues +4% yoy organic TDA, up in all 3 GBUs
- Strong performance in Adecco APAC +14%, LHH Recruitment Solutions +12%, and Akkodis +14%
- Investment plan implemented with agility, driving relative revenue growth improvement in Adecco of +400 bps sequentially, in addition to +400 bps improvement in Q1
- Gross profit +7% organic yoy; Permanent Placement fees +38%
- Strong gross margin at 21.1%, +100 bps, driven by portfolio shift, positive mix and pricing
- Solid EBITA margin excl. one-offs of 3.5%, as anticipated, reflecting Adecco's investment plan and moderated contribution from LHH
- 100% ownership of AKKA; €20 million synergies secured for 2022, anticipating year-end run-rate +€40 million
- June exit rate 4% and July volumes modestly above Q2 levels
Denis Machuel, Adecco Group CEO, commented:
"The Group made progress this quarter in several important areas - the Akkodis integration is fully on track and the combined business delivered healthy growth, Adecco improved its market share performance and showed some encouraging signs of turnaround in the US, and the LHH Recruitment Solutions business and digital ventures including Ezra and Hired continued to perform strongly. At the same time, it is clear that there is further opportunity for performance improvement to reach our full potential. In my first month as Group CEO I have spent considerable time visiting our markets, engaging with our operations, listening to our clients, and meeting with our people. I am convinced we have excellent businesses and fantastic people across the organisation. Identifying the levers and then executing on them to improve performance is my absolute priority. The Group continues to focus on executing against its strategy, delivering productivity improvements from the investments we have made, and growing our market share by being the partner of choice to our clients and the talent we serve."
Logo - https://mma.prnewswire.com/media/1197818/The_Adecco_Group_Logo.jpg
View original content:
SOURCE The Adecco Group | https://www.mysuncoast.com/prnewswire/2022/08/04/adecco-group-q2-22-results-market-share-momentum-solid-growth-margin/ | 2022-08-04T08:51:20Z |
ST. PETERSBURG, Fla., July 18, 2022 /PRNewswire/ -- Neptune Flood, the first AI-driven flood insurance company to provide faster, easier, and better flood insurance, has partnered with SIAA, the nation's largest independent insurance agency alliance. SIAA member agencies will have access to Neptune's instant flood solution, which provides greater and broader coverages than the traditional National Flood Insurance Program (NFIP).
"Neptune Flood makes it fast and easy for agents to obtain flood insurance for their customers while also providing superior coverage to the traditional NFIP," said Trevor Burgess, President and CEO of Neptune. "As the largest nationwide alternative to the NFIP, Neptune is uniquely positioned to meet the scale and needs of SIAA member agencies and their customers. We are honored to partner with SIAA."
Neptune offers flood coverage with limits eight times the level of the NFIP and provides multiple additional coverage options such as temporary living expenses, unattached structures, pool repair & refill, replacement cost on contents, and basement contents for homeowners, and business interruption coverage to help businesses recover from a flood event. SIAA member agencies can access Neptune Flood through SIAA MarketFinder, SIAA's online member-only portal for difficult-to-place and specialty risk markets.
"Our partnership with Neptune fulfills a growing demand for private flood insurance options, and alternatives to the coverage available through the National Flood Insurance Program," said SIAA Chief Operating Officer, Jeff Holmes. "By adding Neptune Flood to our platform, member agencies will be able to offer their clients an outstanding flood coverage option, in an efficient, data-driven manner, often at considerable savings."
ABOUT NEPTUNE FLOOD:
Neptune Flood is the largest entirely digital flood insurance company in the United States and is the alternative to the NFIP. We were founded to change the way consumers and businesses think about and buy flood, and now, parametric earthquake insurance. Neptune uses AI-driven technology to make it fast and easy for consumers to buy, and agents to sell, insurance.
ABOUT SIAA:
SIAA (Strategic Insurance Agency Alliance) is a national alliance of independent insurance agencies generating hundreds of millions in new premium business annually. SIAA is dedicated to the creation, retention, growth, and evolution of the independent insurance agency distribution system. To learn more about SIAA, visit siaa.com.
View original content to download multimedia:
SOURCE Neptune Flood | https://www.mysuncoast.com/prnewswire/2022/07/18/neptune-flood-amp-siaa-announce-new-partnership/ | 2022-07-18T13:12:20Z |
AUSTIN (KXAN) — Texas Comptroller Glenn Hegar joined State Sen. Joan Huffman on Thursday in announcing his support to repeal state and local sales taxes on menstrual products. While signaling his support, officials added the measure would require new legislation before it could take effect.
“Every woman knows that these products are not optional,” Huffman said. “They are essential to our health and well-being and should be tax exempt.”
In his announcement, Hegar encouraged Texas leaders to join the 24 other states that have exempted tampons, pads and other menstrual products from sales tax revenue collections. Beginning Aug. 10, Colorado became the latest state to remove sales taxes on both menstrual products and diapers.
And the measure has grown in its momentum in recent years. State Rep. Donna Howard, D-Austin, has advocated for menstrual products’ sales tax exemptions and introduced a bill in the 2021 legislative session to codify it into law.
“It’s hard to say why it hasn’t gotten over the finish line,” Howard told Capitol Bureau reporter Monica Madden on Aug. 11. “I think it does have to do with the fact that we are predominantly-male still at the legislature.”
Here in Texas, the Comptroller’s office does provide sales tax exemptions for medical products such as drugs and medicines, as well as wound dressings like bandages and dietary supplements.
Estimates from the Comptroller’s office report sales taxes on menstrual products would generate approximately $28.6 million annually during the next biennium, or Texas’ two-year legislative and budgetary period. Figures released by Hegar’s office projected an ending balance for the 2022-23 biennium of $27 billion.
“Taxing these products is archaic, and it is time for Texas to join the 24 states that already exempt tampons and other feminine hygiene products from sales tax,” Hegar said in the release, later adding: “Texas can absorb this lost revenue easily, but for countless Texas women, this will mean significant savings in their personal budgets over time.” | https://cw33.com/news/texas/texas-comptroller-calls-for-menstrual-products-sales-tax-removal/ | 2022-08-19T14:35:46Z |
Learn Who You Should Call Before Starting Your Home Improvement Projects
WASHINGTON, Aug. 12, 2022 /PRNewswire/ --
An omnibus survey conducted by Common Ground Alliance (CGA) in March 2022 found that 49% of homeowners who planned to dig this year did not intend to contact 811 to have underground utility lines marked beforehand. Striking a single utility line can cause injury, repair costs, inconvenient outages and fines. Every few minutes, an underground utility line is damaged because someone decided to dig without first contacting 811.
Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9069551-common-ground-alliance-call-8-1-1-before-diy-or-major-construction-reminder/
Contacting 811 by phone or online connects homeowners and contractors to their local 811 center, which notifies the appropriate utility companies. Then you must wait the required amount of time – usually a few days, depending on the state – for utilities to send out professional locators to visit the dig site and mark the locations of underground lines with flags, spray paint or both.
- Damages to underground utilities cause an estimated $30 billion in societal costs each year
- More than 385,000 damages to underground utilities were reported in 2020 alone
- An estimated 34.9 million Americans will put themselves and their community at risk by digging without contacting 811 first
Sarah Magruder Lyle, President and CEO of CGA, discusses the importance of contacting 811 before digging underground as well as the dangers of striking a utility line and the costs of these damages.
For more information, please visit: www.811beforeyoudig.com
Sarah Magruder Lyle is President & CEO of Common Ground Alliance (CGA), an organization dedicated to protecting underground utility assets and people who work and live near them. She has more than 20 years of experience in the energy, infrastructure and utilities industries. Magruder Lyle focuses on protecting vital underground infrastructure from costly damages and ensuring the safety of those on the jobsite and the communities that depend on these critical assets. With her political and policy experience, including her tenure as the U.S. Department of Energy's White House Liaison and a senior advisor in the Office of Policy and International Affairs under the George W. Bush administration, she has a unique understanding of the effective strategies necessary to enforce damage prevention practices in complex industries, including natural gas. Under her leadership, CGA has built strong partnerships across the organization's 16 stakeholder groups, developed strategies to educate about the importance of safe digging, encouraged the next generation of damage prevention practices and technologies, and implemented programs to reduce damages to underground infrastructure.
Produced for: Common Ground Alliance (CGA)
View original content:
SOURCE Common Ground Alliance | https://www.mysuncoast.com/prnewswire/2022/08/12/diy-or-major-construction-its-always-important-call-before-you-dig/ | 2022-08-12T14:38:46Z |
Board declares $0.31 regular quarterly cash dividend on common stock resulting in a current annual yield of approximately 3.6 percent
GRAND RAPIDS, Mich., April 19, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on April 14, 2022, its Board of Directors declared a regular quarterly cash dividend of $0.31 per common share, payable on June 15, 2022, to holders of record as of June 3, 2022.
"As demonstrated by our Board's declaration of a second quarter cash dividend, we believe our sustained overall financial strength positions us well to build shareholder value through meaningful cash returns and also meet growth objectives," said Robert B. Kaminski, Jr., President and Chief Executive Officer of Mercantile. "While we remain focused on providing shareholders with competitive dividend yields, we will continue to carefully monitor the economic environment and adjust future cash dividend payments as deemed necessary to ensure our capital levels remain sufficient to meet capital management initiatives."
About Mercantile Bank Corporation
Based in Grand Rapids, Michigan, Mercantile Bank Corporation is the bank holding company for Mercantile Bank. Mercantile provides banking services to businesses, individuals and governmental units, and differentiates itself on the basis of service quality and the expertise of its banking staff. Mercantile has assets of approximately $5.2 billion and operates 45 banking offices. Mercantile Bank Corporation's common stock is listed on the NASDAQ Global Select Market under the symbol "MBWM." For more information about Mercantile, visit www.mercbank.com, and follow us on Facebook, Instagram and Twitter @MercBank and on LinkedIn @mercantile-bank-of-michigan.
Forward-Looking Statements
This news release contains statements or information that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will," and similar references to future periods. Any such statements are based on current expectations that involve a number of risks and uncertainties. Actual results may differ materially from the results expressed in forward-looking statements. Factors that might cause such a difference include changes in interest rates and interest rate relationships; increasing rates of inflation and slower growth rates; significant declines in the value of commercial real estate; market volatility; demand for products and services; the degree of competition by traditional and nontraditional financial services companies; changes in banking regulation or actions by bank regulators; changes in tax laws; changes in prices, levies, and assessments; the impact of technological advances; potential cyber-attacks, information security breaches and other criminal activities; litigation liabilities; governmental and regulatory policy changes; the outcomes of existing or future contingencies; trends in customer behavior as well as their ability to repay loans; changes in local real estate values; damage to our reputation resulting from adverse publicity, regulatory actions, litigation, operational failures, and the failure to meet client expectations and other facts; changes in the method of determining Libor and the phase-out of Libor; changes in the national and local economies, including the ongoing disruption to financial market and other economic activity caused by the COVID-19 pandemic, unstable political and economic environment; and other factors, including those expressed as risk factors, disclosed from time to time in filings made by Mercantile with the Securities and Exchange Commission. Mercantile undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise. Investors are cautioned not to place undue reliance on any forward-looking statements contained herein.
View original content:
SOURCE Mercantile Bank Corporation | https://www.kxii.com/prnewswire/2022/04/19/mercantile-bank-corporation-declares-regular-cash-dividend/ | 2022-04-19T10:45:03Z |
‘She was screaming’: Family says 89-year-old grandmother killed in pit bull attack
LAS VEGAS (KVVU/Gray News) - Police say a woman was killed in a dog attack Tuesday morning.
The Las Vegas Metropolitan Police Department reports that officers were called to a residential area at about 9:45 a.m. regarding a woman who was possibly mauled by a dog.
According to KVVU, medical personnel pronounced the woman dead when they arrived with the dog found nearby.
The animal was turned over to animal control, and the woman’s family identified her as 89-year-old Joan Caffiel.
The woman’s grandson, Peyton Faircloth, said she had severe dementia and was being watched by a caregiver when the attack happened.
“She called me and she was screaming,” he said.
Faircloth said the dog involved was Buc, a rescue pit bull, who had never been aggressive in the six years they’ve had him.
“There was not a mean bone in that dog’s body, that dog would sleep with us every night, and he loved grandma,” Faircloth said.
Copyright 2022 KVVU via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/08/10/she-was-screaming-family-says-89-year-old-grandmother-killed-pit-bull-attack/ | 2022-08-10T20:56:25Z |
NEW YORK, June 7, 2022 /PRNewswire/ -- Disruptions stoked by the global pandemic and Russia-Ukraine war are increasing the risks of a more divided and unstable global system, said S&P Global Ratings in a new report, Geopolitical Shifts Are Exacerbating Credit Risks. The report is part of S&P Global Ratings' "A World Redefined" 2022 research focus.
Credit conditions could significantly worsen if sanctions spur additional supply and price shocks, economic growth slows further, or central banks commit policy missteps, the report said.
Widening systemic inequalities and ideological polarization will likely fuel nationalistic and populist policies that threaten economic efficiency, credit quality, and social stability.
Nations face competing priorities involving (physical, energy and food) security, economic efficiencies, and energy transitions.
A repricing of risk that drives up borrowing costs or limits access to funding for global market participants are additional credit risks.
Emerging markets and low-income economies find themselves more exposed to risks of social unrest and political instability linked to higher interest rates and inflation.
S&P Global Ratings sees 2022 as a year of divergence and accelerated disruption that will redefine the global economy and credit landscape. If the first half of this year has been defined by disruption, the next six months will likely be shaped by increased fragmentation and ongoing reorientation, the report concludes.
This report does not constitute a rating action.
Media Contact:
Jeff Sexton, New York +1 (917) 596-3417
jeff.sexton@spglobal.com
S&P Global Ratings is the world's leading provider of independent credit ratings. Our ratings are essential to driving growth, providing transparency and helping educate market participants so they can make decisions with confidence. We have more than 1 million credit ratings outstanding on government, corporate, financial sector and structured finance entities and securities. We offer an independent view of the market built on a unique combination of broad perspective and local insight. We provide our opinions and research about relative credit risk; market participants gain independent information to help support the growth of transparent, liquid debt markets worldwide.
S&P Global Ratings is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.spglobal.com/ratings.
View original content to download multimedia:
SOURCE S&P Global | https://www.wibw.com/prnewswire/2022/06/07/geopolitical-shifts-are-exacerbating-credit-risks/ | 2022-06-07T14:08:01Z |
Atlanta Police Chief Rodney Bryant, seen here in December 2020, will retire in June, just two years after the previous chief resigned in the aftermath of a fatal police shooting in the city.
Alyssa Pointer/Atlanta Journal-Constitution via AP
Atlanta Police Chief Rodney Bryant will retire in June, just two years after the previous chief resigned in the aftermath of a fatal police shooting in the city.
Bryant became interim chief in June 2020, when then-chief Erika Shields resigned a day after an Atlanta Police Department officer shot and killed Rayshard Brooks, a Black man, in a Wendy's parking lot.
Bryant was confirmed as chief last May.
"Chief Bryant has answered our city's call time and again, and I join all of Atlanta's residents in owing him a debt of gratitude for his steady leadership," Mayor Andre Dickens said in a statement announcing Bryant's retirement.
Bryant joined the police department as an officer in 1988 and retired in 2019 to become the interim chief of the Atlanta City Detention Center.
As his biography points out, Bryant took the helm of the police department "during a difficult time in the life of law enforcement," when protests against police treatment of Blacks were rocking the country.
"I am thankful that the Chief agreed to stay on for my first 100 days as Mayor, and I have grown to rely on the Chief's counsel during our daily meetings. We will miss the Chief's leadership as he enjoys his well-earned retirement," said the mayor, who began his term in January.
Shields in January 2021 became chief of the Louisville Metro Police Department, which was still dealing with its own fatal police shooting -- that of Breonna Taylor in March 2020.
The city will now conduct a national search for a permanent replacement, said the mayor.
"I sincerely appreciate the opportunity to serve the city that I love and call home," Bryant said in the statement.
"As Mayor Dickens plans his leadership strategies for this great city, I believe it is essential that he and the City of Atlanta have a Chief of Police who is willing to serve throughout his term. I have so many great memories of my career. I could not be more thankful to be ending my career — again — with the City of Atlanta Police Department," he said.
Among the most impactful trends in the U.S. transportation industry over the last several years has been the growing number of electric vehicle offerings to reach the market. CoPilot ranked each state (and Washington D.C.) by the number of registered EVs as a percentage of total registered p… Click for more.
Keep it Clean. Please avoid obscene, vulgar, lewd,
racist or sexually-oriented language. PLEASE TURN OFF YOUR CAPS LOCK. Don't Threaten. Threats of harming another
person will not be tolerated. Be Truthful. Don't knowingly lie about anyone
or anything. Be Nice. No racism, sexism or any sort of -ism
that is degrading to another person. Be Proactive. Use the 'Report' link on
each comment to let us know of abusive posts. Share with Us. We'd love to hear eyewitness
accounts, the history behind an article. | https://www.albanyherald.com/news/atlanta-police-chief-rodney-bryant-to-retire-mayor-says/article_88827a9e-a1bc-5286-8163-1bced9fdd41e.html | 2022-04-15T21:19:06Z |
‘I forgive him’: Uvalde victim’s uncle turns to his faith in wake of deadly school shooting
By Dana Bash and Abbie Sharpe, CNN
Adrian Alonzo says he got used to Uvalde schools being in lockdown, usually because of issues related to immigration, in this small town close to the southern border. But he realized that Tuesday’s alert was different when he got a notice that school buses would not be running that day.
As he went to pick up his son, Aiden, from a school near Robb Elementary, he saw the heavy police presence and panicked.
“I can’t explain the joy I had when I saw my son walk out of those doors, and I finally had him. But as a parent, I wanted to squeeze him right there, but I wanted to get him out because I didn’t want him to see all that,” Alonzo said during an interview outside his Uvalde home.
His son was safe, but he soon learned that his niece, Ellie Garcia, was still unaccounted for.
He called his sister-in-law Jennifer, Ellie’s mother, and told her that he would check the nearby SSGT Willie de Leon Civic Center, where officials were taking students to reunite with their families.
When he got there, it was already around 4 p.m. and almost empty.
“The school officials tell me that there’s no more children here. They’ve all been picked up.
“‘Do you have a list? Do you have a list of the students that were here?'” Alonzo remembered frantically asking.
“That school official, I could see it in her eyes and her eyes became glassy and teary, and she said, ‘Sir, they’ll make a statement soon.'”
“”But I’m missing my niece. She’s not here,'” he recalled pleading.
“‘They’ll make a statement soon,'” he remembered her replying simply. He knew then that something was terribly wrong.
Alonzo took his son home and later saw on social media that Eva Mireles, Ellie’s teacher, was dead.
“In my mind, I tried to stay optimistic, but the reality of it was sinking in at that time,” he said. “It wasn’t until my wife told me that they were taking DNA swabs from all the parents. … Why else would they need DNA swabs?”
An hour later, his wife called to tell him that Ellie was among the murdered children at Robb Elementary’s shooting massacre.
“By far the worst day of my life. And I’ll never forget that day. I can replay those hours so vividly in my mind and it’s just etched in my mind,” Alonzo said.
Forgiveness – even for the gunman
Ellie Garcia and her uncle Adrian were very close. He, his wife and their son — Aiden, Ellie’s cousin — picked Ellie up for church most Sundays. Alonzo describes her as a happy kid who loved her family and friends, her dog Rocco, TikTok dances and basketball.
She was excited for her 10th birthday coming up on June 4. She will now never reach those magical double digits. Her family will bury her two days later on June 6.
Ellie’s uncle became understandably emotional explaining that cold reality.
“Those days will be here, and I just pray that God gives our family comfort and the strength to make it through that weekend,” he said.
Alonzo said that he bonded with his niece over their faith, which is clearly carrying him through this unimaginable tragedy.
He even volunteered that he forgives the gunman who killed his niece, 18 other children, and 2 adults in cold blood.
“I forgive him. As powerful as that, I forgive him,” Alonzo said.
When pressed on how he could get to the place where he forgives the shooter only days after the massacre and even before Ellie was buried, he cited Scripture.
“The Bible says in Ephesians 4 that we must forgive one another, just as God has forgiven. And I hold no hatred toward him,” Alonzo said.
To be sure, he is very angry.
“I am filled with anger, but I feel no hatred towards him,” he said calmly.
He is also angry at any law enforcement officials who may have made errors in waiting so long before going into his niece’s classroom.
“She could have been saved. She might have been injured. We don’t know if she was alive within those, what was it, 70 minutes, I think. We don’t know if she was alive. I can only hope that she felt no pain and I hope it was quick and she did not suffer. Who knows? Maybe she wouldn’t have been a survivor. But I feel within those minutes, hour, we would not have 19 children,” he said, adding that he also forgives anyone in law enforcement who made any mistakes.
Preventing more mass shootings
Alonzo is a hunter and a gun owner. He says that won’t change.
But he does not think assault weapons like the one the shooter bought legally in Texas should be allowed.
“Do I believe that our guns should be taken away from civilians? No, I’m against that, but I am for the ban of AR-15 assault rifles. No civilian should have that kind of rifle, only military and police. Those are weapons of war, and civilians do not need weapons of war,” Alonzo said. “Collectively, I think a lot can be done, not only gun laws, but also in social media algorithms, something. Let’s say the algorithm had caught those words and a notification would’ve been sent to authorities, ‘Hey, this user is saying he’s going to shoot the school.’ They would’ve gotten into that real quick and possibly, maybe, then stopped it.”
He hopes politicians can put their differences aside and find solutions, but like most Americans, he is skeptical.
For now, he is focused on his family – helping his son, Ellie’s cousin, cope. He is helping Ellie’s parents — his sister-in-law and brother-in-law — with errands and whatever else they need. And he is speaking out about his beautiful niece.
“We were thankful to have Ellie for the nine years of her life with us. We will never forget her,” Alonzo said. “She will always be a part of this family, even in her death.”
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
CNN’s Monica Serrano, Alexa Miranda and Hope Howard contributed to this report. | https://localnews8.com/politics/cnn-us-politics/2022/05/29/i-forgive-him-uvalde-victims-uncle-turns-to-his-faith-in-wake-of-deadly-school-shooting/ | 2022-05-29T14:55:05Z |
27 suffer minor injuries after bus rolls on I-95 in Maryland
Published: May. 22, 2022 at 11:46 AM EDT|Updated: 37 minutes ago
KINGSVILLE, Md. (AP) — Twenty seven people suffered minor injuries Sunday after a bus crashed and rolled on I-95 north of Baltimore, according to the Baltimore County Fire Department.
The crash occurred near Kingsville, Maryland, shortly before 7 a.m., fire officials said in a statement. The vehicle was operated by megabus and was carrying 47 people. Officials said that 15 of the 27 people injured were taken to local hospitals.
No other vehicles were involved in the crash, which is being investigated by Maryland State Police, Baltimore County Fire Department officials said.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/05/22/27-suffer-minor-injuries-after-bus-rolls-i-95-maryland/ | 2022-05-22T16:23:35Z |
Judge rules January 6 committee can obtain RNC and Trump campaign email data
By Katelyn Polantz, CNN Reporter, Crime and Justice
A federal judge has decided to allow the House Select Committee investigating the Capitol Hill insurrection to obtain the Republican National Committee’s marketing email data leading up to January 6, 2021.
The decision — issued late Sunday night by Trump-appointed Judge Timothy Kelly of the DC District Court — is a significant win for the House among many ongoing court fights in which investigators are still trying to gather details related to the pro-Trump effort to overturn the 2020 election.
In the 53-page opinion, Kelly signed off on the House committee’s pursuits, while rejecting several arguments Republicans and witnesses from the Trump administration have tried to make in court claiming the panel wasn’t properly comprised or appropriately seeking information.
“The RNC argues that the Select Committee lacks the proper authorization to wield investigative power on behalf of the House … But for a few reasons, especially given the House’s own reading of the authorizing resolution, the Court cannot agree,” Kelly wrote.
He pointed out the significance of this case, calling it an “exceedingly rare spectacle of a congressional committee subpoenaing the records of one of our country’s two major political parties.”
The House panel will not obtain the Republican email marketing information immediately, however. Kelly is temporarily blocking the data from being turned over to the House until at least May 5, so the RNC has a chance to appeal.
The House Select Committee first demanded data about the RNC’s marketing emails in late February, and the RNC sued in March to block the handover of its information. The House investigators said they wanted to look at the back-end data related to hundreds of emails from the Trump campaign and the RNC to their supporters from November 3, 2020, to January 6, 2021, because the emails suggested the election results were fraudulent and asked for donations, according to court filings.
The House is trying to learn who worked on the email campaigns, how successful they were, and also how the marketing software company, Salesforce, reviewed and analyzed the pro-Trump rallies on January 5 and 6 and communicated with GOP officials, the court record says.
The judge noted the data, which is in Salesforce’s hands, won’t reveal major secrets of the Republican Party’s internal workings to the Democratic-held House.
“House Defendants are not seeking, and Salesforce is not producing, any disaggregated information about any of the RNC’s donors, volunteers, or email recipients, including any person’s personally identifiable information. Moreover, even the RNC’s own confidential information that is undeniably at issue is relatively narrow in scope,” Kelly wrote.
The House Select Committee continues to pursue evidence and witnesses related to the events on and leading up to the riot. Democratic Rep. Bennie Thompson announced last week that the committee will hold eight hearings in June which will be a “mixture of some prime time and some regular” hearings.
Former President Donald Trump’s former lawyer Rudy Giuliani is expected to appear before the committee this month after months of negations between lawmakers and the former New York mayor, sources familiar with the matter tell CNN.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
CNN’s Paula Reid, Annie Grayer, Ryan Nobles, Daniella Diaz and Zachary Cohen contributed to this report. | https://localnews8.com/news/2022/05/02/judge-rules-january-6-committee-can-obtain-rnc-and-trump-campaign-email-data/ | 2022-05-02T11:06:57Z |
The Masters at a glance
AUGUSTA, Ga. (AP) — Tiger Woods returns to the Masters just 14 months after a harrowing car crash. The first major of the year gets started on Thursday with a 91-man field at Augusta National. The course has added yardage on the 11th and 15th holes and taken away trees on the 11th. Hideki Matsuyama is the defending champion. Scottie Scheffler is the No. 1 player in the world. Rory McIlroy gets another crack at the career Grand Slam. Otherwise, all eyes are on Woods. | https://localnews8.com/sports/ap-national-sports/2022/04/06/the-masters-at-a-glance/ | 2022-04-06T22:42:38Z |
Discount, thrift stores in Stark County see more customers amid inflation
CANTON ‒ Canned goods. Beauty products. Over-the-counter medicine.
Shoppers go to Family Wholesale on Cromer Avenue NW hoping to save money on a number of household items. The discount store sells everything from dog treats to patio furniture at costs 30% to 70% lower than retail prices. And in recent months, the store has seen an increase in customers.
Jason Stout, president of Family Wholesale, said it's common for liquidation sales, thrift stores and other discount retailers to experience a bump in shoppers during periods of inflation.
"(It's) a time when people need to save money, so they start exploring, you know, kind of the untraditional alternatives," he said.
Shoppers in the U.S. continue to deal with the effects of high inflation. The U.S. Bureau of Labor Statistics reported a 8.5% rate of inflation in July, a slight drop from the 9.1% year-over-year inflation rate in June. Gas prices decreased in that time frame, but expenses such as food and shelter went up.
Stout started his business in 2016. He buys and sells surplus or closeout merchandise from many national, everyday brands. Shoppers who come in to Family Wholesale may not find a specific brand, but they can expect something similar. Stout said the store can provide important savings for people who need to save money.
"A lot of the times, when times are tight, that's the difference between putting gas in your car or maybe taking your spouse out to dinner. Doing something that you otherwise wouldn't have been able to do," he said.
He said he thinks inflation combined with back-to-school season could help explain Family Wholesale's recent growth. The store has moved a lot of school supplies and apparel as of late, he said.
Other discount retailers in Stark County have noticed a rise in customers, too.
"I can't say that we can definitely point to inflation as the reason, but we have seen an increase in sales," said Maureen Ater, vice president of marketing and development at Goodwill Industries of Greater Cleveland and East Central Ohio. "Obviously everyone is trying to save money these days, and shopping secondhand is a great way to save money."
Goodwill Industries of Greater Cleveland and East Central Ohio serves 10 counties in Ohio and West Virginia. It has stores in both rural and downtown areas.
Like Stout, Ater said Goodwill stores are typically busier in late summer as students get ready to return to the classroom. The rise of inflation mixed with a flurry of back-to-school shoppers, she said, could be responsible for the growth in sales.
"People walk into our door every day to save money, so it makes sense that during inflationary times we would definitely see a bump in the number of customers coming into Goodwill stores," Ater said.
Eric Strata, owner of Black Sales Liquidation in Alliance, said he has noticed more customers visiting his store at 308 E. Main St. since everyday expenses started to go up. The store sells a variety of merchandise, ranging from clothing to children's toys.
"It feels like the more and more the inflation happens, the more and more these retail stores hike up their prices, the more and more people (are) coming to me," he said.
Goodwill sees growing demand, fewer donations
More shoppers mean an increased need for goods. But Ater said donations to Goodwill stores tend to decline amid inflationary periods.
"People are holding onto things a little longer," she said. "They're maybe not letting go or turning things over in their lives like clothes or housewares as quickly or as they would during times when there isn't inflation or prices aren't as high."
Items such as pots, pans, dishes and other houseware necessities have been donated less frequently over the last year or so, Ater said, while demand for these products has increased. She said it's important for people to know when they donate or shop at Goodwill stores they are helping their communities.
"We want to keep those shelves full, and we want to make sure we have a great selection for that demand that we're seeing this time of year from shoppers," she said.
The parking lot of North Canton's Goodwill store was filled with cars early Friday afternoon, and many shoppers came and went through the doors.
Tiffany Roper, 38, is an avid thrift shopper. The Akron resident owns Thrift Theory & Style, a styling business that specializes in second-hand clothing. Roper said she frequents various thrift stores in the Northeast Ohio area several times a week, looking for unique pieces to buy.
Her shopping habits haven't changed amid the increase in inflation, she said, but she has noticed higher prices at thrift stores on items like clothing.
"I like shopping at Goodwill because it's still pretty affordable," she said.
Another shopper, Maggie Nyeste of Green, said she has always been a big thrift shopper, but that she has become "thriftier than she used to be." She said she looks for a variety of items at the thrift store and will often buy items to donate to the homeless.
Salvation Army sees customers return
The Salvation Army in Northeast Ohio has noticed an uptick in shoppers at its thrift stores since gas prices have gone down.
"The gas increase, when it was going on, really curtailed people coming to us on a regular basis because it was too expensive to get out. It's getting better now. So as the price in gas has reduced, we're starting to see more shoppers started to get out again," said Maj. Van Wirth of the Salvation Army Northeast Ohio Division.
In addition to the return of regular customers, the agency has seen new ones. Wirth said he recently had a conversation with a first-time shopper at one of the Salvation Army's thrift stores.
"What brought you in today?" Wirth asked.
"I'm looking for however I can cut my expenses," the woman said.
The children's section has been popular lately, Wirth said, as parents have bought clothes for their kids to get ready for the new school year.
Meanwhile, donations have remained "pretty solid."
Wirth said funds from the Salvation Army's thrift stores help provide support to its adult rehabilitation centers for those struggling with drug and alcohol addiction. The Salvation Army's Northeast Ohio Division has rehabilitation centers in Akron, Cleveland and Toledo, according to its website.
Donations skyrocketed when the pandemic started, Wirth said, but numbers have returned to normal since then.
Stout said he is happy that his store can help people stretch their dollars.
"In times like this, it makes you feel a little bit better about your business because you really start to realize the service that you do in the community," he said. "You increase (people's) buying power because our everyday prices are 30 to 70% off of retail and then we run even bigger storewide sales periodically."
Similarly, Strata said his focus when he opened Black Sales Liquidation was to do good in his hometown of Alliance. He said he has felt the support of the community as customers have come in looking for deals.
"I definitely feel like over the last six to eight months people are just so appreciative of my business and so appreciative of the prices," Strata said. "I mean, I hear it every day when I ring them up and give them their total. They're just so shocked, and they thought it would be so much more."
Reach Paige at 330-580-8577 or pmbennett@gannett.com, or on Twitter at @paigembenn. | https://www.cantonrep.com/story/news/local/stark-county/2022/09/14/stark-county-discount-thrift-stores-see-more-customers-amid-inflation/65418118007/ | 2022-09-14T12:16:35Z |
DALLAS (KDAF) — Tattoos are a way for people to express themselves through artwork on their body; some choose to dawn their favorite sports team and/or athlete to show their undying support.
Did you know that the Dallas Cowboys are the top searched term when it comes to the most popular US sports team tattoos on Google? According to TicketSource‘s research, Sporting Ink, they looked to, “…find out which teams and players across the NBA, NFL, NHL and MLB inspire the most fan tattoos, by analyzing Google searches and Instagram posts.”
The term, “Dallas Cowboys tattoo,” garnered 38,200 annual worldwide Google searches which landed the Cowboys in the top spot ahead of Buffalo Bills, Chicago Bulls, Atlanta Braves, Chicago Bears, Philadelphia Eagles, Green Bay Packers, Miami Dolphins, Phoenix Suns and New York Yankees.
TicketSource says, “There have been more Google searches for Dallas Cowboys tattoos than any other US sports team in the last year. Also popular on social media, the Cowboys have one of the NFL’s largest Instagram followings at 3.9 million followers.”
The fun doesn’t stop there, the quarterback for the Dallas Cowboys, Dak Prescott, cracked into the most popular US sports athlete tattoos on Google. With 36,900 annual worldwide Google searches, Prescott lands at No. 7 behind Steph Curry, Kevin Durant, LeBron, James Harden, Damian Lillard and Tom Brady.
Check out more of their findings on Sporting Ink here. | https://cw33.com/news/local/dallas-cowboys-tattoos-top-searches-on-google-dak-prescott-tattoo-7th-most-searched-among-athletes/ | 2022-04-28T01:07:37Z |
TSX: FF
OTCQX: FFMGF
FRANKFURT: FMG
VANCOUVER, BC, July 18, 2022 /PRNewswire/ - First Mining Gold Corp. ("First Mining" or the "Company") (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce that it has made an offer to acquire all of the issued and outstanding shares of Beattie Gold Mines Ltd. ("Beattie Gold"), a private company that owns the mineral rights to mining claims that make up the former Beattie mining concession which forms a large part of the Duparquet Gold Project (the "Duparquet Gold Project") located in Quebec, Canada (the "Beattie Offer"). First Mining, directly and through its wholly-owned subsidiary, Clifton Star Resources Inc. ("Clifton Star), already owns approximately 25.3% of the issued and outstanding shares of Beattie Gold. The total consideration of the Beattie Offer is $4.43641 cash per Beattie Gold share and 35 First Mining Shares per Beattie Gold share for a total cash consideration of $6,227,176 and the issuance of 49,127,820 First Mining common shares. First Mining has received signed, irrevocable lock-up agreements from Beattie Gold shareholders holding, in aggregate, 1,358,652 Beattie Gold shares, representing 72.3% of the outstanding common shares of Beattie Gold. Upon acquiring the Beattie Gold shares committed under the lock-up agreements, First Mining, directly and through Clifton Star, will own 97.6% of the outstanding common shares of Beattie Gold.
The Duparquet Gold Project consists of several properties held in different entities which, in addition to the Beattie property, include the Donchester, Dumico and Central Duparquet properties. First Mining, through Clifton Star, is currently a 10% shareholder of 2588111 Manitoba Ltd ("258 Manitoba"), a private company that owns the mineral rights to mining claims that make up the former Donchester mining concession and Dumico property that also form a part of the Duparquet Gold Project, and a 10% shareholder of 2699681 Canada Ltd ("269 Canada"), a private company that owns in whole or in part, the surface rights to the Beattie, Donchester and Dumico properties. First Mining already owns 100% of the Central Duparquet property.
Concurrent with making the Beattie Offer, First Mining has entered into share purchase agreements to acquire all of the issued and outstanding shares of 258 Manitoba (the "258 Manitoba Transaction") and 269 Canada (the "269 Canada Transaction", and together with the 258 Transaction, the "Concurrent Transactions") that are not already owned by Clifton Star. The Concurrent Transactions are conditional on the Beattie Offer, and will close on the same day as the Beattie Offer, which is expected to be in mid-September.
The total consideration of the Concurrent Transactions is $2.5 million in cash and the issuance of 20,000,000 common shares of First Mining. In aggregate, the total consideration of the Beattie Offer and the Concurrent Transactions (assuming that all shareholders of Beattie Gold tender their shares to the Beattie Offer) is $8,727,177 in cash and 69,127,820 common shares of First Mining. The total transaction value based on the twenty trading days volume weighted average price for First Mining's common shares as of the last trading day prior to this news release is approximately $24 million.
"This transformational acquisition has been a few years in the making and grows First Mining's M&I gold resources by 40% and inferred gold resources by 50%" said Keith Neumeyer, Chairman of First Mining Gold. "When First Mining acquired Clifton Star in 2016, we always contemplated the opportunity to consolidate this advanced stage, highly prospective project. Duparquet fits perfectly with First Mining's strategy and the capabilities of our team to advance and de-risk a second world class asset."
"This is a transformational acquisition for First Mining and the Duparquet Gold Project as we plan on consolidating this highly fragmented ownership structure under the First Mining banner. Duparquet hosts a robust resource profile where two past producing mines have operated in Quebec's most prolific gold mining district. First Mining has been a long-time minority shareholder of the companies that own this Project, and the timing was right to acquire full ownership of these companies. We are confident that Duparquet and the district will prove to be a critical strategic asset in the gold sector in Canada as this transaction affirms First Mining's positioning as a multi-asset developer of major projects in Tier 1 jurisdictions," stated Dan Wilton, CEO of First Mining. "Together with our ownership of the Pitt and Duquesne projects in Quebec located just east of Duparquet, First Mining will now have 100% ownership exposure to 3.3 million M&I ounces of gold and 2.0 million inferred ounces of gold located in the Abitibi, which is home to some of the largest and richest mineral deposits in the world. First Mining has completed extensive due diligence and will develop a comprehensive plan to advance the Duparquet Gold Project in the near-term. Springpole remains a core focus and priority as we continue to advance the project through feasibility and the environmental assessment process. The addition of Duparquet results in First Mining owning 100% of two projects with multi-million ounce gold resources in what we consider as the best mining jurisdictions in the world and will allow First Mining to leverage our team's experience with similar projects in advancing these two major gold deposits."
- Consolidates one of the largest advanced-stage, undeveloped gold projects in Canada – including the Duquesne and Pitt deposits, to create a multi-million ounce gold resource district (1, 2, 3)
- Transforms First Mining into a leading Tier I gold development company with ownership in two prolific Tier 1 multi-million ounce gold assets located in some of the best mining jurisdictions in the world in Quebec and Ontario
- NI 43-101 resource estimate of the Duparquet Gold Project (InnovExplo, 2014) 3.1 Moz M&I at 1.59 g/t Au and 1.4 Moz Inferred at 1.51 g/t Au meaningfully enhances total resource profile of First Mining
- Increases First Mining's M&I resource base in Quebec by +450% and its inferred resource base in Quebec by +150%; increases First Mining's global M&I resource base by +40% and its global inferred resource base by +50%
- Accretive acquisition metrics to First Mining on a per ounce basis
- Consolidates and simplifies highly fragmented and complex ownership structure of the Duparquet Gold Project by combining properties, mineral rights and surface rights ownership under one entity
- Offers potential to significantly improve on 2014 Pre-Feasibility Study completed on the Duparquet Gold Project with development optimization and more robust economics based on an improved gold market environment
- Creates exciting exploration upside potential with additional exploration drilling to expand mineralized zones along strike and at-depth
- Provides platform for further district consolidation in Quebec
In connection with the Beattie Offer, First Mining has entered into binding lock-up agreements with certain shareholders ("Support Shareholders") of Beattie Gold who have agreed to support the Beattie Offer and to irrevocably tender all of their common shares of Beattie Gold to the Beattie Offer. The Support Shareholders collectively hold 1,358,652 Beattie Gold shares representing approximately 72.3% of the issued and outstanding common shares of Beattie Gold.
First Mining intends to make an offer to all registered holders of common shares of Beattie Gold in accordance with applicable Canadian securities laws. The Beattie Offer will be subject to the following conditions: (i) there being deposited under the Beattie Offer, and not withdrawn, at least 464,643 of the outstanding common shares of Beattie Gold (the "Take-Up Condition"), which, when combined with the common shares of Beattie Gold already held by First Mining (both directly and through Clifton Star), would represent ownership of Beattie Gold of 50.1%; and (ii) completion of the 269 Canada Transaction..
First Mining has entered into binding share purchase agreements in respect of the 258 Manitoba Transaction and the 269 Canada Transaction, which are both subject to the Take-Up Condition and are expected to close concurrently with the closing of the Beattie Offer. All of the transactions are expected to close in mid-September 2022.
First Mining has concluded substantial due diligence on the Duparquet Gold Project to date, including understanding the existing mineral resource estimate and exploration potential at the Duparquet Gold Project and in the district. First Mining intends to complete an updated mineral resource estimate in accordance with NI 43-101 shortly after closing the Beattie Offer and Concurrent Transactions which will incorporate additional drilling from 2014 to 2020 not included in the previous mineral resource estimate.
First Mining will commence an environmental data collection exercise to update the environmental baseline data collected by Clifton Star in 2012 and 2013. Work is also expected to commence on engineering trade-off studies and an updated economic study to build on the solid technical foundation established by the Project in the 2014 Pre-Feasibility Study. First Mining has initiated discussions with the relevant Quebec ministries and is committed to working in partnership with regulators, the local municipality, and Indigenous communities to address environmental matters and legacy infrastructure as part of the property's redevelopment. In addition, First Mining intends to commence a robust regional exploration data compilation, integration and targeting exercise to develop a path supporting potential resource expansion, resource classification upgrading, and exploration discovery.
The Duparquet Gold Project is located immediately north of the town of Duparquet, Quebec and covers an area of 1,079 hectares, and consists of 50 mining claims, including two historical mining concessions, which include the four mining properties: the Beattie property (historical mining concession 292) owned by Beattie, the Donchester property (historical mining concession 384) and Dumico property owned by 2588111 Manitoba Ltd., and the Central Duparquet property owned by First Mining. Both the Beattie and Donchester properties contain past-producing underground gold mines. Historical underground workings and a shaft were developed at the Central Duparquet property, but no gold was produced. The Duparquet Gold Project also contains a tailings pond area straddling the southwest limit of the Beattie property.
Gold was first discovered in the Duparquet region in 1910 with production commencing in 1933 on the Beattie property and on the Donchester property in the 1940s. Mining and milling operations ceased at Duparquet in 1956 after 23 years of continuous production. During its lifetime, the Beattie mill at Duparquet produced over 1.3 million ounces of gold at grades higher than 4 g/t. The Duparquet Gold Project remained mostly dormant until 1987 when increased exploration and drilling activity resumed. Clifton Star began work on the Duparquet Gold Project in 2008 and between 2008 and 2013, Clifton Star and its partners completed in excess of 260,000 m of drilling that were incorporated into the mineral resource estimate and completed a positive Pre-Feasibility Study in 2014, which detailed a development plan including a 10,000 tpd open pit mine and mill. Clifton Star was acquired by First Mining in April 2016.
This mineral resource estimate was prepared for Clifton Star Resources Inc. by InnovExplo Inc titled "Technical Report and Prefeasibility Study for the Duparquet Project" effective March 26, 2014. The NI 43-101 technical report detailing the mineral resource estimate for the Duparquet Gold Project is filed on SEDAR (www.sedar.com) and available on First Mining Gold's website.
For more context, please join CEO Dan Wilton for a quick live event on July 19, 2022 at 9am PT / 12 pm ET. Click here to register: https://my.6ix.com/L1_Gqkwn.
Mr. Louis Martin P.Geo., (OGQ 0364), a consultant of First Mining, is a "Qualified Person" for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects, and he has reviewed and approved the scientific and technical disclosure contained in this news release.
First Mining is a Canadian gold developer focused on the development and permitting of the Springpole Gold Project in northwestern Ontario. Springpole is one of the largest undeveloped gold projects in Canada. The results of a positive Pre-Feasibility Study for the Springpole Gold Project were announced by First Mining in January 2021, and permitting activities are on-going with submission of a draft Environmental Assessment ("EA") and Environmental Impact Statement ("EIS") for the project targeted for 2022. The Company also holds a large equity position in Treasury Metals Inc. who are advancing the Goliath Gold Complex toward construction. First Mining's portfolio of gold projects in eastern Canada also includes the Pickle Crow (being advanced in partnership with Auteco Minerals Ltd.), Hope Brook (being advanced in partnership with Big Ridge Gold Corp.), Cameron, Duparquet, Duquesne, and Pitt gold projects.
First Mining was established in 2015 by Mr. Keith Neumeyer, founding President and CEO of First Majestic Silver Corp.
Daniel W. Wilton
Chief Executive Officer and Director
This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions.
Forward-looking statements in this news release relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: (i) the satisfaction of the Take-Up Condition and the closing date of the Beattie Offer and the Concurrent Transactions; (ii) First Mining's plans to complete an updated mineral resource estimate for the Duparquet Gold Project in accordance with NI 43-101 shortly after closing the Beattie Offer and the Concurrent Transactions, including its plans to incorporate drilling data from 2014 to 2022 in such updated estimate; (iii) First Mining's plans to commence an environmental data collection exercise for the Duparquet Gold Project and its plans to undertake engineering trade-off studies and complete an updated economic study for the project; and (iv) First Mining's plans to commence a regional exploration data compilation, integration and targeting exercise at the Duparquet Gold Project. All forward-looking statements are based on First Mining's or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Such factors include, without limitation the Company's business, operations and financial condition potentially being materially adversely affected by the outbreak of epidemics, pandemics or other health crises, such as COVID-19, and by reactions by government and private actors to such outbreaks; risks to employee health and safety as a result of the outbreak of epidemics, pandemics or other health crises, such as COVID-19, that may result in a slowdown or temporary suspension of operations at some or all of the Company's mineral properties as well as its head office; fluctuations in the spot and forward price of gold, silver, base metals or certain other commodities; fluctuations in the currency markets (such as the Canadian dollar versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities, indigenous populations and other stakeholders; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development; title to properties.; and the additional risks described in the Company's Annual Information Form for the year ended December 31, 2021 filed with the Canadian securities regulatory authorities under the Company's SEDAR profile at www.sedar.com, and in the Company's Annual Report on Form 40-F filed with the SEC on EDGAR.
First Mining cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to First Mining, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. First Mining does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on our behalf, except as required by law.
View original content to download multimedia:
SOURCE First Mining Gold Corp. | https://www.wibw.com/prnewswire/2022/07/18/first-mining-announces-plan-consolidate-multi-million-ounce-quebec-gold-district-with-acquisition-duparquet-gold-project/ | 2022-07-18T11:47:00Z |
Current EVs generally weigh hundreds if not thousands more pounds than comparable internal-combustion vehicles due to heavy battery packs, and that might compromise road safety.
So argues a recent Slate piece that suggests some of the latest EVs might pose more of a threat especially beyond the driver’s seat, to other vehicles and other users of the roadway.
“The United States is already a global outlier in traffic deaths,” noting that while traffic deaths have declined in most other developed countries over the past decade, the U.S. has seen an increase of over 30%, with Americans now twice as likely to die in car crashes as French or Canadian citizens.
American traffic deaths reached a 16-year high in 2021, according to the National Highway Traffic Safety Administration (NHTSA). The agency estimated that 42,915 people died in crashes last year, a 10.5% increase over 2020. Last month, the NHTSA reported that fatalities rose 7% in the first quarter of 2022 to 9,560 deaths—the highest quarterly total since 2002.
The piece links this troubling trend to Americans’ penchant for big, heavy pickup trucks and SUVs. It notes that these vehicles are primary focus of American automakers’ electrification efforts, producing vehicles with even more weight—and quicker acceleration—than their internal-combustion counterparts.
The poster child of this is the GMC Hummer EV which, at over 9,000 pounds, is so heavy that it isn’t considered a passenger vehicle under federal regulations. That means it doesn’t need to meet federal standards for efficiency—or safety. Yet while it has the weight of a heavy-duty pickup, it has the acceleration of a sports car, achieving 0-60 mph in a claimed 3.0 seconds.
Safety studies have underscored that bigger and heavier tends to mean safer—for those inside the vehicle. Looking entirely to those outside the vehicle, the numbers are less conclusive.
Overweight vehicles can lead to other problems beyond safety. They result in more wear and tear on roads and bridges, and controversial study from the UK also points to an excess of tire emissions from the extra weight of EVs.
Electric full-size pickups are definitely having their moment. General Motors plans to follow the Hummer EV with electric Chevrolet Silverado and GMC Sierra models, and Ford is already building its F-150 Lightning. But some automakers are already attempting to counteract EV bloat.
Mercedes-Benz is aiming to avoid excess weight in its upcoming EVs—and, as it puts it, a downward spiral. The Vision EQXX concept shows how the automaker aims to achieve that, using clever aerodynamics, lightweight components, and an overall emphasis on efficiency to achieve staggering range without an upsized battery pack.
Some of the most efficient EVs potentially offered in the U.S. aren’t considered cars at all. Aptera, for example, is marketing a tiny electric 3-wheeler with a claimed 1,000-mile range using a combination of solar panels and battery storage. But it’s unclear whether vehicles like this will catch on, or whether consumers will stick with EVs in the form factor of vehicles they’re currently driving.
Related Articles
- Lucid Air Pure undercuts the Model S in price and efficiency, and it’s nearing production
- California rule will make EV charging more affordable, reduce load on grid
- Buick offers dealer buyouts in advance of EV remake for GM brand
- Rivian electric trucks can level up with Camp mode feature, part of latest OTA update
- Does Toyota’s plan to convert engine plants into battery factories signal a stronger EV shift? | https://cw33.com/automotive/internet-brands/will-the-extra-weight-of-evs-vs-ice-vehicles-worsen-road-safety/ | 2022-09-07T01:23:26Z |
NEW YORK, July 20, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Unilever PLC.
Shareholders who purchased shares of UL during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CLASS PERIOD: This lawsuit is on behalf of all persons who purchased or otherwise acquired Unilever American Depositary Receipts between September 2, 2020 and July 21, 2021, inclusive.
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: a) in July 2020, the board of Ben & Jerry's, one of Unilever's marquee brands, passed a resolution to end sales of its ice cream in "Occupied Palestinian Territory" ; and b) this boycott decision risked adverse governmental actions for violations of laws, executive orders, or resolutions aimed at discouraging boycotts, divestment, and sanctions of Israel adopted by 35 U.S. states.
DEADLINE: August 15, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/unilever-plc-loss-submission-form/?id=29980&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of UL during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is August 15, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content:
SOURCE The Gross Law Firm | https://www.mysuncoast.com/prnewswire/2022/07/20/shareholder-alert-gross-law-firm-notifies-shareholders-unilever-plc-class-action-lawsuit-lead-plaintiff-deadline-august-15-2022-nyse-ul/ | 2022-07-20T10:45:53Z |
Mutiny's no-code platform converts marketing spend into revenue using AI trained by a community of the world's fastest growing companies.
SAN FRANCISCO, April 20, 2022 /PRNewswire/ -- Mutiny today announced a $50 million Series B funding round co-led by Tiger Global and Insight Partners with participation from prior investors Sequoia Capital, Cowboy Ventures, and Uncork Capital. The round also includes current and former CMOs from world-class companies like Uber, Visa, Salesforce, Square, Figma, Condé Nast, Carta, Snowflake, and Atlassian, who see in Mutiny a new and massive opportunity to change the way companies grow revenue.
Companies spend billions of dollars to acquire customers online, yet $19 out of every $20 they spend is wasted. Large tech companies try to fix this poor performance using two expensive resources: people and data. They hire massive engineering and data science teams to manually optimize the buyer experience and use the company's wealth of data to speak directly to each buyer and convert them. Few companies can afford this luxury.
Mutiny solves this problem with a no-code platform that plugs into the company's existing data and website, and uses AI to serve thousands of different versions of the site to different users. Mutiny automates a company's growth engineering efforts, so that every company can turn their marketing spend into revenue — without hiring engineers or data scientists.
"Growing revenue from digital channels has quickly become a board-level concern for private and public companies," said Jaleh Rezaei, CEO and co-founder of Mutiny. "We're thrilled to welcome our new investors, whose funding will enable us to accelerate our roadmap and invest heavily in technology that we believe can help every company grow revenue faster."
Some of the world's fastest growing companies such as Notion, Snowflake, Qualtrics, Dropbox, Carta, and Brex use Mutiny to convert their visitors into customers. In fact, fifty million people have seen a website personalized by Mutiny. Mutiny's AI learns from this activity to understand what works for different audiences and makes impactful changes for its customers. It can even rewrite website copy.
"At Notion, we are doubling down on online acquisition channels as we rapidly grow. Mutiny has helped us scale our online spend by letting our team quickly build better web experiences without requiring engineers," said Olivia Nottebohm, Chief Revenue Officer at Notion. "After seeing Mutiny increase our conversion rate from paid ads by up to 60%, we quickly expanded Mutiny to the rest of our website. Mutiny has been a great partner for Notion as we continue to grow globally."
"Speed and capital efficiency are paramount to growing a successful company today. As the pandemic has forced all customer acquisition online, marketing has become a more technical and complicated field," said Jeff Horing, Co-founder and Managing Director at Insight Partners. "With its innovative no-code platform, Mutiny has created a completely new category that allows enterprise marketing teams to launch AI-recommended growth experiments that tie directly back to revenue, without the support of dedicated engineers."
"Mutiny has seen unbelievable growth and momentum, quickly becoming a secret weapon of the world's fastest growing companies," said John Curtius, Partner at Tiger Global. "Every company out there stands to benefit from Mutiny because, simply put, it helps them grow their revenue faster."
Mutiny is a no-code AI platform that helps marketers convert their top of funnel demand into revenue, without engineers. Mutiny gives marketers everything they need to drive revenue and prove it — from data and analytics to AI-powered recommendations and content writing.
Tiger Global Management is a leading global technology investment firm with over $90 billion under management. The firm focuses on private and public companies in the software, internet, and financial technology sectors. Since 2001, Tiger Global has invested in hundreds of companies across more than 30 countries, including investments ranging from Series A to pre-IPO. The firm aims to partner with dynamic entrepreneurs operating market-leading companies in its core focus areas. Tiger Global's investments have included JD.com, Databricks, Toast, Snowflake, Stripe, Bytedance, SentinelOne, Procore, Facebook, Alibaba, Chime, UiPath, Peloton, Attentive, LinkedIn, and Flipkart.
Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of February 24, 2022, the closing of the firm's recent fundraise, Fund XII, brings Insight Partners regulatory assets under management to over $90B. Insight Partners has invested in more than 600 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and Palo Alto. Insight's mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on software expertise to foster long-term success. Insight Partners meets great software leaders where they are in their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on Twitter @insightpartners.
View original content to download multimedia:
SOURCE Mutiny | https://www.wibw.com/prnewswire/2022/04/20/mutiny-raises-50m-series-b-funding-help-companies-turn-wasted-marketing-spend-into-revenue/ | 2022-04-20T15:48:53Z |
YUMA, Ariz. (AP) — Hours before Arizona Gov. Doug Ducey declared “a major step forward to secure our border” with the installation of 130 double-stacked shipping containers, hundreds of migrants found their way around them, belying his claim.
They walked through tribal lands to the edge of a towering wall built during Donald Trump’s presidency to surrender to border agents waiting outside the reservation, expecting to be released in the U.S. to pursue asylum.
Families, young parents carrying toddlers, elderly people and others easily waded through the knee-deep Colorado River before dawn Wednesday, many in sandals with shopping bags slung over their shoulders.
The wall isn’t the issue it was in 2018 when Congress denied Trump funding for one of his top priorities, prompting the longest government shutdown in U.S. history. But last week’s events in Yuma are a reminder of obstacles that the government faces with border barriers: difficulty building on tribal land, most notably in the Tohono O’odham Nation in Arizona, and opposition from landowners, especially in Texas, where, unlike other border states, much property is privately owned.
Ducey’s critics have seized on images from Univision network showing two containers that toppled during 11 days of construction for unknown reasons. Gary Restaino, the top federal prosecutor in Arizona, used a bilateral meeting in Mexico City to needle the governor Friday, tweeting, “We’re not dumping a bunch of shipping containers in the desert and calling it a wall to get cheap press.” Ducey retorted that ”we’ve taken matters into our own hands” because the federal government hasn’t done enough.
Migrants continue to avoid barriers by going around them — in this case, through a 5-mile (8-kilometer) gap in the Cocopah Indian Reservation near Yuma, a desert city of about 100,000 people between San Diego and Phoenix that has become a major spot for illegal crossings.
President Joe Biden halted wall construction his first day in office, leaving billions of dollars of work unfinished but still under contract. Trump worked feverishly in his final months to reach more than 450 miles (720 kilometers), nearly one-fourth of the entire border.
The Biden administration has made rare exceptions for small projects at areas deemed unsafe for people to cross, including four gaps in Yuma. It expects to award a contract for Yuma this fall and take up to 28 months to complete work.
When U.S. Customs and Border Protection announced its Yuma plans in July, Ducey said he couldn’t wait. Like fellow Republican Gov. Greg Abbott of Texas, he has sparred with the Democratic administration over immigration policies, often suing and recently offering free bus rides to the East Coast for asylum-seekers who are released in the United States to pursue their cases.
“Arizona did the job the federal government has failed to do — and we showed them just how quickly and efficiently the border can be made more secure – if you want to,” Ducey said to celebrate installation of the containers, which run the length of 13 football fields in five locations combined.
A string of 44 double-stacked containers ends abruptly in an open desert expanse. Farther north, at the Morelos Dam, containers plug several openings in an area that had become less traveled in recent months.
The day Ducey declared his project complete, the Border Patrol encountered a fairly typical count of about 850 migrants entering the country illegally in its Yuma sector. Most were dropped off by bus or hired vehicle on the Mexican side and walked through the reservation in darkness under a crescent moon.
Migrants used vehicle barriers, dirt roads and flashlights on their phones to guide them to Border Patrol agents outside tribal lands to be taken into custody.
CBP hasn’t commented on Ducey’s containers but says its plan to plug gaps in the Trump-style barrier of steel poles topped with a metal plate up to 30 feet (9.1 meters) high will make a difference by funneling traffic to fewer areas.
“If Yuma has 10 gaps and people were crossing all 10 gaps, it’s much more difficult for us to deal with than if Yuma has one or two gaps and the majority of traffic is crossing through those gaps,” said John Modlin, chief of the Border Patrol’s Tucson, Arizona, sector.
Asked for comment, the Cocopah Indian Tribe referred to a May 2020 letter to CBP expressing strong opposition to a wall, saying it would cut access to the river and tribal members in Mexico.
The tribe also released video showing its interim police chief, Arlene Martinez, outlining other cooperative measures with the Border Patrol, such as surveillance cameras and ground sensors. “Cocopah supports efforts to secure the border and always has,” she said. | https://cw33.com/news/international/ap-international/ap-containers-are-no-hindrance-for-migrants-on-arizona-border/ | 2022-08-31T04:39:52Z |
TUMI to support the football club on its pre-season tour to Korea next month
NEW YORK , July 1, 2022 /PRNewswire/ -- Tottenham Hotspur Football Club and TUMI announced today a new partnership designating TUMI as an Official Partner of the Club's pre-season tour to Korea this July. With this partnership, TUMI will outfit the team and the Club's full travel delegation with its travel luggage and lifestyle accessories.
TUMI, the international travel and lifestyle brand, specializes in products featuring elevated craftsmanship, durability and resilience. Each Tottenham Hotspur tour team member will receive personalized TUMI products to ease their journey, featuring a variety of gear, including the brand's iconic Alpha Bravo Search Backpack and 19 Degree Extended Trip Expandable 4 Wheel Packing Case, both comprised with recycled materials.
Tottenham Hotspur's Premier League Golden Boot winner, Son Heung-min, is already a TUMI brand ambassador. As an Official Partner of Tottenham Hotspur, this expands TUMI's relationship with Son and presents an opportunity to support his colleagues. Speaking about his Club's new partnership with TUMI, Son said: "I'm so happy that my partner, TUMI, is supporting my Club this summer for our tour. I'm excited to have my teammates join me in my home country. It's perfect for them to arrive in style thanks to TUMI."
"We are committed to perfecting the journey and have been long inspired by Son's unwavering dedication to be the best he can be, both for his team and representing his home country. We couldn't be more thrilled to expand our partnership to support his full team on this momentous trip and look forward to welcoming them to Korea," said Jay Jeong, Brand Head of TUMI Korea.
In celebration of this partnership, TUMI Korea will launch a special initiative in-stores and on TUMI.CO.KR; visit online to learn more.
Todd Kline, Chief Commercial Officer of Tottenham Hotspur added, "We are delighted to have entered into this partnership with TUMI. The Club and TUMI share the same uncompromising standards and determination to drive excellence; we know our athletes and delegation lead active lifestyles and are constantly traveling, often carrying their most prized possessions with them while they're on the go. We wanted to equip the team with high quality travel and lifestyle products, offering them style and function, so they can keep performing to the highest standard."
In keeping with the company's recent sports initiatives, the Tottenham Hotspur partnership is the second of its kind where TUMI will serve as an Official Partner. In 2019, TUMI announced a multi-year partnership with F1's McLaren Racing Team, as the team's Official Luggage Partner.
TUMI is sold in-stores and online at TUMI.COM. Visit the site for additional information about partnerships, capsule collections, excellence in design and more.
Tottenham Hotspur's Pre-Season Tour of South Korea includes two matches in the Coupang Play Series. Firstly against Team K League at the Seoul World Cup Stadium on July 13, and then against Sevilla FC at the Suwon World Cup Stadium on July 16, 2022. Both matches are already sold out.
Since 1975, TUMI has been creating world-class business, travel and performance luxury essentials, designed to upgrade, uncomplicate, and beautify all aspects of life on the move. Blending flawless functionality with a spirit of ingenuity, we're committed to empowering journeys as a lifelong partner to movers and makers in pursuit of their passions. The brand is sold globally in over 75 countries with approximately 2,000 points of sale.
For more about TUMI, visit TUMI.COM
View original content to download multimedia:
SOURCE Tumi, Inc. | https://www.kxii.com/prnewswire/2022/07/01/tumi-enters-official-partnership-with-tottenham-hotspur/ | 2022-07-01T14:40:26Z |
PITTSBURGH, Sept. 8, 2022 /PRNewswire/ -- Moonstone Nutrition, a Pittsburgh-based startup, has added Stone Stopper™ +Immunity gummy to its line of kidney health products. With clinically significant amounts of alkali citrate, Stone Stopper™ gummy is the world's first alkali citrate gummy that prevents kidney stones.
"Moonstone's new gummy offers consumers a delicious and easy way to add alkali citrate to their daily routine," said Salim Rayes, President and CEO of Moonstone Nutrition. "Alkali citrate is known to increase urine pH and urine citrate, making the kidneys inhospitable to the formation of kidney stones."
Moonstone Stone Stopper™ was developed by world-renowned kidney stone doctors and is scientifically proven to reduce the formation of kidney stones. Over 33 million people in the U.S. suffer from excruciating kidney stones and 49 million suffer from chronic kidney disease (CKD). Stone Stopper™ is the first effective kidney stone supplement and beverage on the market with true functional health benefits. It's available in supplement capsule, gummy, and ready-to-mix (RTM) beverage powders.
Moonstone products are currently available on Amazon, Walmart.com, Target.com, and CVS Health Hub stores nationwide.
For more information:
View original content to download multimedia:
SOURCE Moonstone Nutrition | https://www.kxii.com/prnewswire/2022/09/08/moonstone-stone-stopper-launches-worlds-first-kidney-stone-prevention-gummy/ | 2022-09-08T12:14:22Z |
Motive Energy Powers into the Dallas-Fort Worth Market by Acquiring Texas Industrial Energy
The largest distributor of DEKA industrial batteries and ACT chargers in the United States nabs metroplex exclusive
ANAHEIM, Calif., Aug. 31, 2022 /PRNewswire/ -- Motive Energy, the leading provider of advanced power and energy solutions in the United States, is pleased to announce the acquisition of Texas Industrial Energy (TIE) located in Carrollton, Texas, effective September 1, 2022. The addition expands Motive's wide range of motive power solutions into the Dallas-Fort Worth market.
With the acquisition, Motive Energy becomes the exclusive motive power representative for DEKA and ACT (Advanced Charging Technologies) covering the Dallas-Fort Worth metroplex and surrounding areas. DEKA and ACT have long led the industry in top-quality, energy-efficient solutions for battery manufacturing and charging technologies. The Power Solutions division of Motive Energy is on the cutting edge of end-to-end solutions for the material handling industry and is the country's largest distributor of DEKA industrial batteries, ACT chargers, and ACT's battery management system, ACTIntelligent.
Leading the acquisition efforts were Motive Energy senior team members Tony Capolino, President; Matt Smith, Director of Sales; and Tyson Brosz, Director of Operations. The Texas Industrial Energy addition clinches Motive Energy's prominence as the largest distributor of forklift batteries in the state of Texas.
Tony Capolino, President of Motive Energy, said, "I'm excited that Motive will be able to serve all of Texas now, including Dallas-Fort Worth, which is recognized as one of the top three markets in the International Trucking Association (ITA) data. With over 120 service technicians nationwide we will be able to provide end-to-end power solutions for the market and state."
The new facility in Carrollton, Texas joins Motive's extensive network, extending the company's presence to 14 locations nationwide, including its headquarters in Anaheim and an office in Escondido, California; sites in Phoenix and Tucson, Arizona; Las Vegas, Nevada; Nampa, Idaho; Portland, Oregon; and Auburn and Yakima, Washington. The TIE Carrollton location boosts Motive's locations in Texas to five, including teams already established in Houston, San Antonio, El Paso, and Lubbock — giving Texas a solid footprint in the company's expansion.
Motive's experienced sales and service teams are ready to assist new customers located in the Dallas-Fort Worth metroplex while continuing to service all current clients. Motive Energy provides best-in-class products to the material handling industry including new and used batteries, chargers, watering systems, and battery handling systems. The company has extensive experience with the latest motive power technologies, including lithium-ion batteries. Motive's industry services include battery and charger sales, service and repairs, load testing, comprehensive maintenance programs, Ultra Care & Premium Care, safety assessments, rentals, and battery recycling.
For more than 40 years, Texas Industrial Energy has provided high-quality products and services in the industrial battery and charger market and brings a trusted reputation and valued customer service record to the table. "We are better together than apart," said Jonathan Houston, President of TIE, about the Motive acquisition. "This is a win-win for our current and future customers as we will be able to provide them with better end-to-end solutions."
Motive Energy would like to acknowledge Jimmy Hilton and Pat Montoux and their family for their success. They previously ran Texas Industrial Energy for over 40 years and Motive Energy is thankful for their leadership and customer service. Motive Energy is glad to have Pat Montoux and Jonathan Houston joining the Motive team and continuing to serve our customers.
Established in 1979 in Southern California, Motive Energy (Power Solutions) is a leading provider of advanced power and energy solutions. Driven by the desire to deliver premium quality products, Motive Energy provides all battery, power, renewable energy, and charging solutions for your business. As the largest forklift battery and ACT charger distributor in the United States, Motive Energy delivers high-quality products and sustainable solutions that help customers diversify their fleet in the most efficient, cost-effective manner. No matter where you are on your journey to optimize your fleet or business, Motive Energy has the batteries, energy sources, and charging solutions you need to confidently take the next step into the future. For additional information, visit https://www.motiveenergy.com/power-solutions/.
View original content to download multimedia:
SOURCE Motive Energy | https://www.kxii.com/prnewswire/2022/08/31/motive-energy-acquires-texas-industrial-energy/ | 2022-08-31T21:23:43Z |
The Suncoast will see warm temperatures with little cooling rain until late in the day
SARASOTA, Fla. (WWSB) - High pressure in the Atlantic will keep the Suncoast in a strong east flow of air today. This flow of wind will try to delay the formation of our afternoon sea breeze. It will form eventually, but not until later in the evening drive-time.
We may get one or two storms at about 3 pm, but stronger and more widespread storms will develop during the 5-7 p.m. time frame. Without the cooling afternoon storms, our afternoons will be hot. Several hours of temperatures in the 90s with feels-like temperatures in the 103-105 range. This pattern will repeat over the next few days.
By the end of the workweek, some slightly drier air will filter in and linger into the weekend. This will help to reduce the number of storms that the Suncoast will see. Also. The high pressure center will drop southward and chance our winds to a more westerly wind flow. This will tend to cause an earlier arrival of the storms.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/07/05/suncoast-will-see-warm-temperatures-with-little-cooling-rain-until-late-day/ | 2022-07-05T11:47:47Z |
Lodi Grove Community to offer beautiful home designs at affordable prices
FLORESVILLE, Texas, June 9, 2022 /PRNewswire/ -- Lennar, one of the nation's leading homebuilders, has announced its first-ever new home community in Floresville, Texas, located approximately 30 minutes southeast of San Antonio. Called Lodi Grove, the development will include 94 homes featuring Lennar's trademark quality, technology and design at an exceptionally competitive price. A groundbreaking ceremony took place Thursday, June 9.
"Floresville is growing quickly, particularly among young residents wanting proximity to San Antonio but without the urban congestion," said Brian Barron, San Antonio Division President for Lennar. "That has amplified the need for affordable homes in an area that has very little new home construction. With this in mind, we are positioning Lodi Grove with the lowest new home price point in the market, while still delivering the level of quality that Lennar is known for. Floresville is a beautiful and charismatic town, and we are excited to be a part of its story."
Scheduled for a Summer 2023 grand opening, homes at Lodi Grove will feature the latest designer details, including generous living and kitchen spaces, resort-style master suites and technology upgrades that meet the needs of the most contemporary homebuyer.
Residents of Lodi Grove will enjoy a linear park and direct connection to a walking trail system and trailhead park. Children living at Lodi Grove will be served by the Floresville School District, which partners with the Alamo College System to allow students to graduate with college credits.
The community sits at US Highway 181 N and County Route 130, directly adjacent to a Walmart and CVS. It is within close proximity to Floresville's picturesque downtown and nine community parks, including the 33-acre Floresville River Park located along the San Antonio River. Together, these destinations offer restaurants, shopping, entertainment, playgrounds, hiking and biking trails, sports courts, skate parks and an Olympic-sized swimming pool with lessons and fitness classes.
For more information, call (210) 393-8095 or visit www.lennar.com.
About Lennar Corporation
Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout the United States. Lennar's Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LENX drives Lennar's technology, innovation and strategic investments. For more information about Lennar, please visit lennar.com.
Contact: Danielle Tocco
Vice President Communications
Lennar Corporation
Danielle.Tocco@Lennar.com
Direct Line: 949.789.1633
View original content to download multimedia:
SOURCE Lennar Corporation | https://www.wibw.com/prnewswire/2022/06/09/lennar-announces-plans-its-first-ever-development-floresville-texas/ | 2022-06-09T16:45:52Z |
Former Theranos exec Ramesh Balwani convicted of fraud
SAN JOSE, Calif. (AP) — A jury on Thursday convicted former Theranos executive Ramesh “Sunny” Balwani of collaborating with disgraced Theranos CEO Elizabeth Holmes in a massive fraud involving the blood-testing company that once enthralled Silicon Valley.
The 12 jurors found Balwani guilty on all 12 felony counts of defrauding both Theranos investors and the patients who relied on wildly unreliable blood tests that could have jeopardized their health.
Balwani sat impassively as the verdicts were read, blinking frequently.
The outcome puts Balwani and Holmes in similar situations. Holmes was convicted on four counts of investor fraud and conspiracy earlier this year. During that trial, Holmes tearfully accused Balwani of sexually and emotionally abusing her while they were lovers. An attorney for Balwani has vehemently denied those charges.
Both Holmes, 38, and Balwani, 57, face up to 20 years in prison.
Holmes is scheduled to be sentenced in late September. The date of Balwani’s sentencing is expected to be set in the coming days.
The dual convictions represented a resounding victory for federal prosecutors, who seized on the Theranos case as a rare opportunity to hold ambitious entrepreneurs accountable for engaging in technological hyperbole while pursuing fame and fortune. In the process, they hoped to discourage the practice of making bold and unproven promises about still-nascent products -- a startup strategy known as “fake it until you make it.”
After the verdicts were read and the jury was dismissed, Balwani walked over to his two brothers who were sitting behind him for what appeared to be a solemn discussion. The three sat quietly, heads bowed.
While Holmes insinuated during her trial that Balwani manipulated her into making poor choices, Balwani’s lawyers explicitly sought to shift all the blame for any misconduct squarely on Holmes.
As part of Balwani’s defense, the lawyers pointed out that Holmes was not only CEO, but also a Silicon Valley star who persuaded investors to pour nearly $1 billion into Theranos. Holmes boasted that her company had found a way to scan for hundreds of potential diseases with a device called the Edison that could test just a few drops of blood taken with a finger prick. Such technology could potentially revolutionize healthcare.
But it turned out that the Edison never worked properly, providing faulty test results that Theranos conducted as part of a deal to set up mini labs in Walgreen’s pharmacies. The flaws in Theranos’ vaunted technology prompted Holmes and Balwani to shift their testing to conventional machines made by other vendors and while drawing vials of blood from patients’ veins — a far cry from Holmes’ promises.
After committing about $15 million of his own money to bolster Theranos and then becoming the company’s chief operating officer in 2010, Balwani eventually oversaw the blood-testing lab that was delivering inaccurate results and supervised the Walgreen’s deal.
Unlike Holmes, who spent seven days on the witness stand during her trial, Balwani didn’t testify in his own defense.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/07/07/former-theranos-exec-ramesh-balwani-convicted-fraud/ | 2022-07-07T19:55:37Z |
U.S. judge: Withdrawal of bistate grouse listing was illegal
By SCOTT SONNER
Associated Press
RENO, Nev. (AP) — A federal judge has ruled that the Trump administration illegally withdrew an earlier proposal to list of the the bi-state sage grouse as a threatened species along the California-Nevada line in 2020.
It’s the latest development in the on-again, off-again protection of the cousin of the greater sage grouse under the Endangered Species Act over the past two decades.
Greater sage grouse live in 12 western states, including California and Nevada. Bistate grouse are found only along the Sierra’s eastern front. Threats to the survival of both include urbanization, livestock grazing and wildfires.
U.S. District Judge Jacqueline Scott Corley in San Francisco said Monday the agency erroneously concluded in 2020 that the ground-dwelling bird “is not likely to become an endangered species within the foreseeable future.”
She reinstated the Fish and Wildlife Service’s original 2013 listing proposal for the bi-state grouse and ordered the agency to issue a new final listing decision.
The bird’s population is estimated to total about 3,300. It stretches from Carson City to Yosemite National Park.
“We’ve watched for more than a decade as these sage grouse have continued to decline,” said Ileene Anderson of the Center for Biological Diversity. “Without the Endangered Species Act’s legal protection, multiple threats will just keep pushing these grouse toward extinction.” | https://localnews8.com/news/ap-idaho/2022/05/18/u-s-judge-withdrawal-of-bistate-grouse-listing-was-illegal/ | 2022-05-18T19:16:12Z |
Coca-Cola and Jack Daniel’s to start selling Jack-and-Coke in a can
Published: Jun. 13, 2022 at 12:58 PM CDT|Updated: 51 minutes ago
(CNN) - Two American icons are officially joining forces in a can.
Coca-Cola announced a partnership with Jack Daniel’s Tennessee Whiskey.
Their new product will let consumers enjoy Jack-and-Cokes with just the flip of a pop-top. It will make its debut in Mexico later this year before a worldwide rollout in 2023.
The Jack-and-Cokes will also come in a zero-sugar option.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.wibw.com/2022/06/13/coca-cola-jack-daniels-start-selling-jack-and-coke-can/ | 2022-06-13T18:49:37Z |
NEW YORK (AP) — Serena and Venus Williams were given a wild-card entry for women’s doubles at the U.S. Open on Saturday, making it their first tournament as a team in more than four years.
Serena announced this month that she is preparing to end her playing career and, while she did not explicitly say the U.S. Open would be her final event, she has indicated it will be.
Serena, who turns 41 next month, and Venus, who turned 42 in June, have won 14 Grand Slam doubles titles together. That includes two championships at Flushing Meadows, in 1999 and 2009.
That’s aside from their combined total of 30 major trophies in singles — 23 for Serena, and seven for Venus.
The sisters have not competed anywhere in doubles as a pairing since losing in the third round of the French Open in June 2018.
Since then, Serena entered two doubles events with other partners: one with Caroline Wozniacki in January 2020, and one with Ons Jabeur this June.
___
More AP coverage of U.S. Open tennis: https://apnews.com/hub/us-open-tennis-championships and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/ap-serena-venus-williams-get-us-open-doubles-wild-card-entry/ | 2022-08-27T18:51:31Z |
(The Conversation) – When anger over everything from the killing of unarmed people of color to new restrictions on access to abortion bubbles over, many Americans act on it.
One avenue for someone who has gotten fed up with current events is to take part in protests, such as marching for gun reform in response to mass shootings. Another is by what nonprofit and philanthropy scholars like to call “rage giving” – charitable donations motivated by strong emotions and dissatisfaction with the political climate.
In our new book about this phenomenon, we explain that people often donate to nonprofits following breaking news about events they consider to be tragic or unjust. By donating, people may feel they are addressing the wrong they want to see righted, or they can express a strong politically driven view or value.
Divisive moments
When news coverage grows and collective anger culminates in high-profile marches, rage givers can experience an emotional release by channeling their feelings into something they consider positive.
Quick bursts of anger sometimes called “fury triggers” usually drive these gifts.
We have found that waves of rage giving are often sparked by divisive political moments. These unexpected spikes in donations are typically fueled by extensive media coverage.
For example, after the mass shootings in Uvalde, Texas, and Buffalo, New York, donations to groups that support gun violence victims in both communities surged.
And, shortly after the May 2022 leak of the Supreme Court’s draft decision to overturn Roe v. Wade, NARAL Pro-Choice America, an organization that advocates for access to abortion, saw a 1,400% increase in donations within 24 hours.
Likewise, the Brigid Alliance, a nonprofit abortion fund that provides financial and logistical help for people seeking abortions, saw the number of its donors quadruple from May to July. The gifts ranged from $5 to $50,000.
Growth following 2016 election
Rage giving isn’t limited to guns or abortion. Nor is it new.
But there are many signs that the phenomenon grew ahead of, during and after the heated 2016 and 2020 presidential elections. Many people who were concerned about immigration, civil rights and sexual assault and harassment during those highly polarized periods sought out opportunities to give to nonprofits and political action committees as quick and easy ways to express their outrage.
The ease and growth of online giving, up 42% in the three years ending in 2021, makes it simpler for rage givers to express their outrage. There’s no longer a need to mail a check or make a phone call.
Rage giving is, to be sure, partisan in that anger and outrage can provoke political mobilization, action and higher voter turnout.
But nonprofits on both sides of the political and cultural divide have reaped windfalls from rage giving in recent years. Giving to pro-gun organizations like the National Rifle Association, for example, can surge when gun control measures are in the news –as is generally the case after mass shootings.
More likely to be women and Democrats
In 2017, we commissioned a survey that identified 520 people who said they had donated to a nonprofit of their choice after feeling unbridled anger during the 2016 presidential election. Based on that data, we estimated that about 58% of these rage givers were women and 80% were white.
About 44% said they were Democrats, roughly 35% said they were Republicans and the remaining 21% identified as independent voters. Because the shares of Americans who lean toward one major political party or the other is more evenly matched, we found that, at that moment in time, Democrats were more likely to donate this way than more conservative Americans.
When thinking about the candidates in the 2016 presidential election and the stances each candidate takes on social and environmental issues, one rage giver from North Carolina said in response to our survey, “I’m just sick about it,” she said. “We’ve got to do something.”
We also found the surveyed rage donors were likely to be civically engaged – through behaviors such as volunteering, voting, contacting elected officials and participating in marches and protests. Rage giving, as a form of collective action, aligns with other helping behaviors by giving a voice to the underserved and unheard.
More research is needed to get a clearer picture of why certain people do this. But based on what we’ve learned so far, we believe that people who engage in rage giving see philanthropy as a type of civic engagement and that their gift, along with other donations, makes a difference. | https://cw33.com/news/nexstar-media-wire/rage-giving-charities-can-get-a-boost-from-current-events-such-as-controversial-supreme-court-rulings/ | 2022-07-30T19:06:56Z |
One pronounced dead after rollover crash in rural Crawford Co.
Published: Sep. 1, 2022 at 7:45 AM CDT|Updated: 11 minutes ago
CRAWFORD CO., Kan. (WIBW) - One person has been pronounced dead after a rollover crash in rural Crawford County.
The Kansas Highway Patrol Crash Log indicates that around 8:50 p.m. on Wednesday, Aug. 31, emergency crews were called to an area of Crawford Co. about 2.5 miles north of K-126 and .5 miles south of E 570th. Ave.
When officials arrived, they said they found a vehicle had been headed south on S 200th St. when it left the roadway, hit a culvert and flipped.
At least one person has been pronounced dead, however, KHP has not yet released their identity or the type of vehicle involved in the accident.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/09/01/one-pronounced-dead-after-rollover-crash-rural-crawford-co/ | 2022-09-01T12:58:10Z |
VANCOUVER, BC, Sept. 7, 2022 /PRNewswire/ - Hecla Mining Company (NYSE:HL) (Hecla) and Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) (Alexco) announced today completion of the Alexco acquisition.
"With the world's increasing demand for silver for clean energy, Hecla is helping meet that demand as the world's fastest growing established silver miner," said Phillips S. Baker, Jr., Hecla's President & CEO. "Since 2010, Hecla has increased silver production by more than 25%. With the additional production from Alexco's Keno Hill, and the continued production growth from Greens Creek and Lucky Friday, we expect Hecla to produce 17-20 million ounces per year in the next few years, which is 30 to 55% more than 2021. Hecla's silver production is in the United States where it already produces 40% of all the silver mined and, with Keno Hill, Hecla is on the path of being Canada's largest silver producer as well."
"The Keno Hill property is in a premier mining jurisdiction where the First Nation of the Na-Cho Nyak Dun and Yukon governments are supportive of mining. Like our other operations where we have had decades of mining and have become an integral part of the communities, we look forward to doing the same in the Yukon," Baker added.
Baker said, "Keno Hill currently has an almost decade-long high-grade reserve life, which we expect to extend as we drill on identified resources. With the fully operational mill and development that is in place we don't anticipate a large capital program to bring the mine into production. Over the coming months Hecla plans to invest in development, infrastructure, and equipment so there are adequate mining faces and good working conditions to bring Keno Hill to full and consistent production by the end of 2023."
As part of the acquisition, Hecla issued 17,992,875 million shares of its common stock to Alexco shareholders for a total consideration of approximately $69 million based on a share exchange ratio of 0.116 of a Hecla share for each Alexco common share. Concurrent with the acquisition, the silver streaming interest at Alexco's Keno Hill property held by Wheaton Precious Metals Corp was terminated in exchange for US$135 million of Hecla common stock, in the form of 34,800,989 million shares of Hecla common stock based on the 5-day VWAP of $3.88 per share. As part of the transaction, Hecla provided Alexco with a US$30 million secured loan facility, of which US$25 million was drawn when the transaction closed.
ABOUT HECLA
Founded in 1891, Hecla Mining Company (NYSE:HL) is the largest silver producer in the United States. In addition to operating mines in Alaska, Idaho and Quebec, Canada, the Company owns a number of exploration properties and pre-development projects in world-class silver and gold mining districts throughout North America.
Cautionary Statements to Investors on Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws, including Canadian securities laws. When a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. Forward-looking statements often address our expected future business and financial performance and financial condition and often contain words such as "anticipate," "intend," "plan," "will," "could," "would," "estimate," "should," "expect," "believe," "project," "target," "indicative," "preliminary," "potential" and similar expressions. Forward-looking statements in this news release may include, without limitation: (i) Hecla could be the largest silver producer in the U.S. and Canada; (ii) the Keno Hill mine will resume production in the future; (iii) Hecla may produce 17-20 million ounces per year in the next few years; (iv) Keno Hill's mine life may be extended; (v) Hecla does not anticipate a large capital program to bring Keno Hill into production and (vi) Hecla expects to invest in development, infrastructure, and equipment at Keno Hill to obtain adequate mining faces and good working conditions to make Keno Hill a consistent producer by the end of 2023. The material factors or assumptions used to develop such forward-looking statements or forward-looking information include that Hecla's plans for development and production will proceed as expected and will not require revision as a result of risks or uncertainties, whether known, unknown or unanticipated, to which Hecla's operations are subject.
Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect, which could cause actual results to differ from forward-looking statements. Such assumptions, include, but are not limited to: (i) there being no significant change to current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development, operations and expansion of Hecla's projects being consistent with current expectations and mine plans; (iii) political/regulatory developments in any jurisdiction in which Hecla operates being consistent with its current expectations; (iv) the exchange rate for the USD/CAD being approximately consistent with current levels; (v) certain price assumptions for gold, silver, lead and zinc; (vi) prices for key supplies being approximately consistent with current levels; (vii) the accuracy of our current mineral reserve and mineral resource estimates; (viii) Hecla's plans for development and production will proceed as expected and will not require revision as a result of risks or uncertainties, whether known, unknown or unanticipated; (ix) counterparties performing their obligations under hedging instruments and put option contracts; * sufficient workforce is available and trained to perform assigned tasks; (xi) weather patterns and rain/snowfall within normal seasonal ranges so as not to impact operations; (xii) relations with interested parties, including Native Americans, remain productive; (xiii) economic terms can be reached with third-party mill operators who have capacity to process our ore; (xiv) maintaining availability of water rights; (xv) factors do not arise that reduce available cash balances; and (xvi) there being no material increases in our current requirements to post or maintain reclamation and performance bonds or collateral related thereto.
In addition, material risks that could cause actual results to differ from forward-looking statements include, but are not limited to: (i) gold, silver and other metals price volatility; (ii) operating risks; (iii) currency fluctuations; (iv) increased production costs and variances in ore grade or recovery rates from those assumed in mining plans; (v) community relations; (vi) conflict resolution and outcome of projects or oppositions; (vii) litigation, political, regulatory, labor and environmental risks; (viii) exploration risks and results, including that mineral resources are not mineral reserves, they do not have demonstrated economic viability and there is no certainty that they can be upgraded to mineral reserves through continued exploration; (ix) the failure of counterparties to perform their obligations under hedging instruments; * we take a material impairment charge on our Nevada operations; (xi) we are unable to remain in compliance with all terms of the credit agreement in order to maintain continued access to the revolver, and (xii) we are unable to refinance the maturing senior notes. For a more detailed discussion of such risks and other factors, see Hecla's 2021 Form 10-K, filed on February 23, 2022, with the Securities and Exchange Commission (SEC), as well as Hecla's other SEC filings, including its Quarterly Report on Form 10-Q filed with the SEC on August 5, 2022. Hecla does not undertake any obligation to release publicly revisions to any "forward-looking statement," including, without limitation, outlook, to reflect events or circumstances after the date of this news release or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued "forward-looking statement" constitutes a reaffirmation of that statement. Continued reliance on "forward-looking statements" is at investors' own risk.
View original content:
SOURCE Alexco Resource Corp. | https://www.wibw.com/prnewswire/2022/09/07/hecla-completes-acquisition-alexco-resource-corp/ | 2022-09-07T22:47:40Z |
PORTLAND, Ore., June 29, 2022 /PRNewswire/ -- The Tigard Orthopedic and Fracture Clinic (TOFC), led by Dr. Ronald Bowman, has partnered with Unity MSK and is now part of the Northwest Extremity Specialists (NES) group in Portland, OR.
Unity MSK, which also partners with a large orthopedic practice, Los Angeles Orthopedic Surgery Specialists, in Los Angeles, is a management services company providing support to orthopedic and podiatry practices across the United States. Northwest Extremity Specialists is the largest podiatry practice in Oregon and the addition of Tigard Orthopedics and Fracture Clinic represents an initial expansion into the orthopedic specialty area.
"We are excited to partner with both Northwest Extremity Specialists and Unity MSK to expand our orthopedic practice here in Portland; all to the benefit of the patients and communities we serve. All three organizations are focused on providing the highest quality care to their patients and we think TOFC will provide a great foundation to build a growing orthopedics practice in the Portland metropolitan area," said Dr. Ronald Bowman.
Dr. Bowman has been practicing orthopedics in Portland for over 20 years. In addition to orthopedics, TOFC also provides physical therapy services to its patients. This physical therapy practice, led by Vincent Gonsalves, PT, DPT, will complement the two physical therapy clinics that operate under the name Creekside Physical Therapy under the NES umbrella of services.
"We are excited to take this step to partner with Dr. Bowman and add orthopedics to the services offered within the Northwest Extremity Specialists family. While expanding our services across the continuum of care, we will ensure that our patients can find the best podiatric and orthopedic care they need in a seamless, efficient manner", said Dr. Thomas Melillo, a lead partner physician with NES.
Tigard Orthopedic and Fracture Clinic will continue to operate under that name and remain at their current location at 9445 SW Locust St, Tigard, OR.
About NES
Formed in 2015, Northwest Extremity Specialists offers state-of-the-art medical and surgical treatment of the foot and ankle. NES' providers offer full-service podiatric care from 14 locations throughout the Portland metropolitan area. For more information, visit www.nespecialists.com.
About Unity MSK
Unity MSK is a national platform providing support services to practices offering the full continuum of musculoskeletal care. Unity MSK's scalable, best-in-class support promotes robust practice growth while allowing physicians to focus on providing the highest-quality clinical treatment for patients. Unity is led by a team of executives and administrative support specialists with extensive clinical support experience. For more information, visit www.unitymsk.com. If interested in discussing physician partnership opportunities, please contact Ryan Pahler at RPahler@UnityMSK.com.
Media Contact
Ryan Pahler
Unity MSK
rpahler@unitymsk.com
View original content:
SOURCE Unity MSK | https://www.kxii.com/prnewswire/2022/06/29/northwest-extremity-specialists-unity-msk-partner-with-tigard-orthopedic-fracture-clinic/ | 2022-06-29T22:59:37Z |
Video shows pastor arrested while watering plants; plans to file lawsuit
CHILDERSBURG, Al. (WBRC/Gray News) – An attorney for a Black pastor in Alabama who was arrested while watering his neighbor’s flowers in May is calling the incident “irrational, irresponsible and illegal.”
Police body camera footage released last week shows officers approaching Pastor Michael Jennings, of Vision of Abundant Life Church, and questioning why he’s at the house.
The 20-minute video shows the pastor being confronted and arrested by police.
Disclaimer: This video contains some foul language.
He identifies himself as “Pastor Jennings” and says he’s been asked to water the flowers while a neighbor is gone.
The officers asked Jennings for his identification, but he refused knowing he didn’t have to produce ID because he was not committing a crime.
Shortly after, Jennings walked away with the officers following behind.
In the video, Jennings can be heard telling police the gold SUV parked in the driveway that prompted the 911 call didn’t belong to him.
Jennings told officers his name and said his home was across the street.
The pastor was placed into handcuffs and sat down on nearby steps. He was charged with obstructing governmental operations.
The officers later spoke with the 911 caller, who confirmed Jennings would be watering her neighbor’s flowers since they are out of town and said, “this is probably my fault.”
The gold SUV seen on the property came back as registered to the neighbor who lived at the home where Jennings was watering flowers.
The charges against Jennings were dropped the following month. However, his attorney said they still plan to sue the department.
“These cases put law enforcement on notice and the country on notice that these types of interactions — thank God that Pastor Jennings had a cool head. He didn’t get aggressive or defensive in a sense, and he complied when the officers grabbed him,” civil rights attorney Harry Daniels said.
Copyright 2022 WBRC via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/08/31/video-shows-pastor-arrested-while-watering-plants-plans-file-lawsuit/ | 2022-08-31T21:19:07Z |
LITTLE ELM, Texas, April 25, 2022 /PRNewswire/ -- Tinman Social today announced the upcoming opening of a new two-story social venue. The unique facility offers everything from indoor/outdoor dining and full-service bars where guests can enjoy a beautiful view of the park and attractions like bowling, axe throwing, arcade games, corn hole, and much more. It's a place where families and friends can spend a fun-filled day and get away from the hectic pace of life.
"With all the negativity in the world the past few years, we wanted to create a positive environment that brings joy to the community," says Kenneth Wynn, Founder and CEO of Tinman Social. "Every game, activity, and detail of the layout is designed for people to gather and have fun together."
A few of the attractions include:
- Indoor and outdoor dining
- Spacious party and event rooms
- 14 bowling lanes
- 48 game Arcade
- 6 Axe throwing lanes
- Indoor and outdoor bocce ball
- Indoor and outdoor corn hole
- Large fire pits
- Fowling (Football bowling)
Their robust food and beverage program consists of menu items like chicken and waffles, pretzel charcuterie boards, french fry flights, and mouth-watering entrees with a specialty cocktail and craft beer menu. "Even our selection of menu items were carefully picked with sharing in mind," Kenneth adds.
Tinman Social is scheduled to open to the public in June of 2022 and is actively searching for qualified job candidates. "We've all worked for bad bosses before, so it's important for us to create a culture where everyone is treated with dignity and respect," says Kenneth. "We believe that the employee experience directly affects the customer experience, so we're very intentional about hiring staff who want to impact our community positively."
To communicate the "Why" behind Tinman Social, the team put together a manifesto, which you can read here.
For more information on the opening of Tinman Social, visit tinmansocial.com.
View original content to download multimedia:
SOURCE Tinman Social | https://www.wibw.com/prnewswire/2022/04/25/an-exciting-new-35000-sq-foot-social-venue-is-coming-little-elm-tx/ | 2022-04-25T15:05:36Z |
Survivors unite to deliver message on Holocaust remembrance
NEW YORK (AP) — Holocaust survivors across the world have united to deliver a message on the dangers of unchecked hate and the importance of remembrance at a time of rising global antisemitism.
In a video released Thursday to mark Yom HaShoah -- Israel’s Holocaust Remembrance Day -- 100 Holocaust survivors asked people to stand with them and remember the Nazi genocide to avoid repeating the horrors of the past.
The 100 Words project video was released by the New York-based Conference on Jewish Material Claims Against Germany, also referred to as the Claims Conference. The group represents the world’s Jews in negotiating for compensation and restitution for victims of Nazi persecution and their heirs, and provides welfare for Holocaust survivors around the globe.
“The world is full of strife – from the pandemic to the crisis happening in Ukraine – on remembrance days like Yom HaShoah, it is so important to stop and reflect,” Gideon Taylor, president of the Claims Conference, said in a statement.
“The call to action these survivors put forth today is not only one of remembrance, but one of action, a reminder that we do not have to be bystanders. We can all stand up in our own way and we can choose to not let our collective history repeat itself.”
The project is being released as Russia faces widespread revulsion and accusations of war crimes over attacks on civilians in its invasion of Ukraine. It also comes at a time when Holocaust survivors -- now in their 80s and 90s -- are dying, while studies show that younger generations lack even basic knowledge of the Nazi genocide, in which a third of the world’s Jews were annihilated.
“If we do not remember them, we are murdering them twice because we have forgotten them. And we have forgotten the tragic travesty that was visited upon millions of people,” said Ginger Lane, a Holocaust survivor who along with her siblings was hidden in a fruit orchard near Berlin by non-Jews.
“It is important to remember because it is a part of our heritage and our legacy that we pass on to the younger generation,” said Lane, whose mother was killed at the Auschwitz death camp, and who has made it her lifelong mission to educate others.
“Holocaust denial, we know it has always existed, but it seems to be on the upswing and ... a huge number of young people don’t even know what the word Holocaust means … These young people are eager to move forward with their lives. But their lives today are shaped by the past. And they need to know what happened in the past.”
In a 50-state study of Millennials and Generation Z-age people in the U.S. in 2020, researchers found that 63% of respondents did not know that 6 million Jews were killed in the Holocaust and 48% could not name a single death camp or concentration camp.
The 100 Word Project statement by Holocaust survivors says:
“Today is Holocaust Remembrance Day
We all survived the Holocaust
We are here to give voice to the six million Jews who were murdered
We are a reminder unchecked hatred can lead to actions, actions to genocide
Just over 75 years ago, one-third of the world’s Jews were systematically murdered
Among them, over 1.5 million children were killed
in the name of indifference, intolerance, hate
Hatred for what was feared
Hatred for what was different
We must remember the past or it will become our future
On Holocaust Remembrance Day we ask the world to stand with us and remember.”
The annual remembrance known as Yom HaShoah is one of the most solemn on Israel’s calendar, with the nation coming to a standstill during a two-minute siren on Thursday morning. According to the Hebrew calendar, Holocaust Remembrance Day marks the anniversary of the 1943 Warsaw Ghetto uprising — the most significant act of Jewish resistance during the Holocaust. Although the uprising ultimately failed, it is remembered in Israel as a symbol of strength and the struggle for freedom in the face of annihilation.
It means “resilience, tenacity, strength. It’s the hallmark of being a Holocaust survivor, the very concept of surviving, of everyday problems, of fighting until the end,” said Greg Schneider, executive vice president of the Claims Conference.
“And for some people, unfortunately, the end was the gas chamber. For other people the end was the Warsaw ghetto, where a very small group of people who weren’t well-equipped held out for nearly a month,” Schneider said.
“And that’s why it’s such an important day in Israel, and around the world for the Jewish community because it symbolizes the fight of certainly the Jewish people, but of any people facing this type of incredible adversity.”
The Claims Conference is working with its partners, among them the American Jewish Joint Distribution Committee, or JDC, to get as many Holocaust survivors out of Ukraine as possible. Thousands of people have been killed and more than 5 million have fled Ukraine since the Russian invasion began on Feb. 24.
Holocaust survivors from Canada, England, France, Germany, Israel, the United States and Ukraine were part of the video statement.
“Survivors from many different countries and languages who have vastly different persecution experiences -- some were in concentration camps, some were in ghettos, some fled, some were in hiding,” Schneider said.
“And yet they come together to speak in one voice of the hope for the future.”
__
Associated Press religion coverage receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/04/28/survivors-unite-deliver-message-holocaust-remembrance/ | 2022-04-29T23:19:22Z |
(The Hill) — The White House is quietly preparing for a Supreme Court ruling overturning Roe v. Wade, a consequential decision expected to come this month that will create immediate pressure to respond and take action.
Members of the administration have held listening sessions with state officials, advocacy groups and other stakeholders on abortion rights regarding the legal barriers to abortion already in place in certain states.
Individuals who participated in those meetings told The Hill they are encouraged by the White House’s attention on the issue but are waiting for concrete details about how it will answer the expected decision.
“I believe that we are at least setting the stage to fight a bigger fight that’s going to happen,” said Marsha Jones, executive director of The Afiya Center, an organization devoted to the health of Black women and girls in Texas. “The White House, at least they are giving the perception that they are willing to fight this fight with us.”
“I do need to see something tangible,” added Jones, who participated in a May 21 meeting with Gender Policy Council Executive Director Jennifer Klein and Vice President Harris’s domestic policy adviser Rohini Kosoglu. “We’re all just sitting on pins and needles.”
Publicly, President Joe Biden has been largely mum on the issue of abortion in the weeks since he expressed outrage at the Supreme Court draft ruling nixing Roe, which leaked at the start of May.
Harris, meanwhile, has become one of the administration’s leading voices on the subject, holding a roundtable on Monday with faith leaders on abortion rights in Los Angeles and releasing a video on social media last week arguing that other rights are at risk if the court overturns the landmark abortion ruling.
Administration officials have been quiet about steps they are weighing in response to the ruling, and the White House is not expected to announce any specific plans until after it comes down.
“Protecting Americans’ constitutional right to make personal decisions about their own bodies and lives is a top priority for the President, and as he has said, the Administration will be ready when any ruling is issued,” said White House spokesperson Alexandra LaManna.
Since the draft decision leaked, White House officials have met with advocates from medical organizations, faith leaders and businesses, as well as elected officials from states that have moved ahead with restrictive abortion laws, such as Texas and Oklahoma, and states that have passed measures to protect abortion rights, including Connecticut and Maryland.
The focus on state and local leaders underscores that without action by Congress, the steps the Biden administration can take are limited and likely to be subject to Republican-led legal challenges.
The leaked draft ruling suggesting the high court is poised to overturn Roe v. Wade, a landmark 1973 decision found the Constitution protected a woman’s right to have an abortion, sent shock waves through Washington last month and engendered a new sense of urgency in the West Wing.
Advocates for abortion access who have met with the administration told The Hill that the White House has been interested to hear about needs on the ground while it is deciding how to respond.
“They wanted us to let them know how the White House can help in our advocacy and in our battles in our states,” said North Carolina state Rep. Julie von Haefen (D), who along with other state lawmakers participated in a meeting with Klein and White House intergovernmental affairs director Julie Chavez Rodriguez on Friday.
Von Haefen said that questions from White House officials included ones about access to abortion medication and any state bills prohibiting expenses for travel to receive an abortion.
“They’re really curious about what’s on the ground, and I know they’re weighing all of their options,” added Yvonne Hsu, chief policy and government affairs officer of the National Asian Pacific American Women’s Forum.
She pointed to areas the White House can focus on immediately to lessen the burden on women that were discussed in the May 21 meeting, including addressing the lack of access to information in languages other than English, squashing disinformation and curtailing fear in immigrant communities.
“What I am thankful to this White House for is not only calling those meetings, but calling them actually to listen, listen to what our concerns were across states,” said Kelly Davis, executive director of New Voices for Reproductive Justice.
She said she expressed a “series of concerns,” including that, compared to other groups, “Black pregnant people are going to experience the majority of health, finance and self-determination consequences.”
Still, other crises have seemed to take precedence at the White House in recent weeks, such as the string of mass shootings and the subsequently renewed push for gun control legislation, leaving some to worry that the abortion fight has taken a back seat.
“I think the moment has kind of passed and it isn’t on the front burner now as far as I can tell. The administration has got consumed with Ukraine, firearms and inflation,” said Lawrence Gostin, a public health law professor at Georgetown University.
“It’s not that they don’t want to do anything, it’s just that they just don’t think there’s anything immediate and powerful that they can do under the law,” he said.
In the immediate wake of the leaked draft opinion, Biden, who is a devout Catholic, used the word “abortion,” which marked a shift from not publicly speaking the word out loud during his presidency. Advocates for abortion access are hopeful that Biden leaning into the issue could mean he is more bullish when a ruling is out.
“I would love to see the White House take the following steps in the coming months, including that linguistically they have managed to actually speak in alignment with movements that talk about the word abortion,” Davis said.
With limited action available now, Democrats are also looking to make abortion an issue on the campaign trail ahead of the looming midterm elections, hoping that the fight will help energize members of the base and bring in swing voters.
Biden has called for voters to mobilize and elect more pro-abortion rights lawmakers to the state and federal levels, a call he reiterated when a vote failed in the 50-50 Senate last month on legislation that would have protected various abortion procedures. Harris has also echoed that message.
The White House has sought to paint Republicans as extreme for enacting abortion restrictions at the state level and opposing the Women’s Health Protection Act, a law that would codify federal abortion rights.
“The Biden-Harris Administration is continuing to speak out as extremist Republican leaders are weaponizing the use of the law in states across the country to punish and control women,” a White House official said. | https://cw33.com/news/nexstar-media-wire/white-house-quietly-braces-for-death-of-roe-v-wade/ | 2022-06-07T15:43:30Z |
BOSTON, June 15, 2022 /PRNewswire/ -- Below is the May 2022 Monthly Update for the Liberty All-Star Equity Fund. (NYSE: USA)
Liberty All-Star Equity Fund
Ticker: USA
Monthly Update, May, 2022
Investment Approach:
Fund Style: Large-Cap Core
Fund Strategy: Combines three value-style and two growth-style investment managers. Those selected demonstrate a consistent investment philosophy, decision making process, continuity of key people and above-average long-term results compared to managers with similar styles.
Investment Managers:
Top 20 Holdings at Month-End
Monthly Performance:
Net Assets at Month-End ($millions)
Sector Breakdown (% of equity portfolio)*
New Holdings
None
Holdings Liquidated
Twitter, Inc.
The net asset value (NAV) of a closed-end fund is the market value of the underlying investments (i.e., stocks and bonds) in the Fund's portfolio, minus liabilities, divided by the total number of Fund shares outstanding. However, the Fund also has a market price; the value at which it trades on an exchange. If the market price is above the NAV the Fund is trading at a premium. If the market price is below the NAV the Fund is trading at a discount.
Performance returns for the Fund are total returns, which includes dividends, and are net of management fees and other Fund expenses. Returns are calculated assuming that a shareholder reinvested all distributions. Past performance cannot predict future investment results.
Performance will fluctuate with changes in market conditions. Current performance may be lower or higher than the performance data shown. Performance information shown does not reflect the deduction of taxes that shareholders would pay on Fund distributions or the sale of Fund shares. Shareholders must be willing to tolerate significant fluctuations in the value of their investment. An investment in the Fund involves risk, including loss of principal.
Sources of distributions to shareholders may include ordinary dividends, long-term capital gains and return of capital. The final determination of the source of all distributions in 2022 for tax reporting purposes will be made after year end. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during its fiscal year and may be subject to changes based on tax regulations. Based on current estimates no portion of the distributions consists of a return of capital. These estimates may not match the final tax characterization (for the full year's distributions) contained in shareholder 1099-DIV forms after the end of the year.
All data is as of May 31, 2022 unless otherwise noted.
Liberty All-Star® Equity Fund
1-800-241-1850
www.all-starfunds.com
libinfo@alpsinc.com
View original content to download multimedia:
SOURCE Liberty All-Star® Equity Fund | https://www.kxii.com/prnewswire/2022/06/15/liberty-all-star-equity-fund-may-2022-monthly-update/ | 2022-06-15T14:45:31Z |
11th Circuit opinion finds chemical giant subject to state's warning label laws
Nachawati Law Group trial lawyers gearing up for next Roundup cancer trial in August
ATLANTA, July 15, 2022 /PRNewswire/ -- Thousands of people who developed cancer following exposure to Monsanto's Roundup herbicide secured an important victory Tuesday when a federal appellate court halted Monsanto's latest attempt to secure dismissal of valid state court lawsuits and removal of the claims to federal court.
The ruling provides clarity for other pending lawsuits against Bayer (OTCMKTS: BAYZF, BAYRY) and its Monsanto subsidiary. It also means a Georgia man diagnosed with a type of cancer called fibrous histiocytoma after using Roundup on his lawn for 30 years can have a Georgia jury evaluate Monsanto's history of failing to warn users about the dangers of their glyphosate-based herbicide.
Senior U.S. Circuit Court Judge Gerald Bard Tjoflat authored the opinion rejecting Monsanto's argument that such failure-to-warn lawsuits could only be filed in federal courts. According to the ruling, initial safety determinations made by the U.S. Environmental Protection Agency (EPA), which resulted in approval of Monsanto's proposed label and registration of Roundup for sale, do not carry the force of law necessary for such federal preemption, particularly where pesticide manufacturers have a perpetual duty to adhere to federal labeling requirements and to report any new adverse effects to the EPA.
The opinion notes that Congress created wide latitude for state regulation in the context of the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA), allowing a state to regulate the use of any federally registered pesticide or device so long as the regulation does not permit any sale or use prohibited by FIFRA. Additionally, a state agency may ban the sale of a pesticide if it later finds that one of the product's label-approved uses is unsafe.
"The 11th Circuit saw right through Monsanto's attempts to avoid accountability for its dangerous product and its long history of refusing to place a simple warning label on Roundup," said trial lawyer Majed Nachawati, whose Dallas-based firm represents more than 5,000 cancer victims in litigation against Monsanto.
The case is Carson v. Monsanto Company, No. 21-10994, in the United States Court of Appeals for the Eleventh Circuit.
Mr. Nachawati has been an outspoken voice against Monsanto's attempts to circumvent the settlements of thousands of related lawsuits consolidated in multidistrict litigation. Three federal bellwether trials have produced multimillion-dollar verdicts after finding that exposure to the herbicide in Roundup caused cancer. The verdicts have withstood appeal, including a $25 million verdict that Bayer took all the way to the United States Supreme Court.
The Nachawati Law Group represents individuals in mass tort litigation, businesses and governmental entities in contingent litigation, and individual victims in complex personal injury litigation. One of the largest and most diverse products liability law firms in the nation, the Nachawati Law Group ranks No. 1 nationally in federal court products liability filings over the past three years, according to Lex Machina. For more information, visit https://www.fnlawfirm.com.
Media Contact:
Robert Tharp
800-559-4534
Robert@androvett.com
View original content:
SOURCE Nachawati Law Group | https://www.mysuncoast.com/prnewswire/2022/07/15/monsanto-must-face-georgia-state-jurors-lawsuit-over-cancer-causing-roundup-herbicide/ | 2022-07-15T18:02:55Z |
TOKYO, April 21, 2022 /PRNewswire/ -- EdgeCortix® Inc., the innovative fabless semiconductor design company with a software first approach, focused on delivering class-leading compute efficiency and latency for edge artificial intelligence (AI) inference; unveiled the architecture, performance metrics and delivery timing for its new industry leading, energy-efficient, AI inference co-processor.
Today, at the prestigious TechInsights' Linley Spring Processor Conference, EdgeCortix officially introduced its flagship energy-efficient AI co-processor (accelerator), branded SAKURA™. Designed entirely in their Tokyo based development center, the company announced that SAKURA is produced by TSMC on the popular 12nm FinFET technology and will be available as low-power PCI-E based development boards to participating companies of the EdgeCortix Early Access Program (EAP) in July of 2022.
"SAKURA is revolutionary from both a technical and competitive perspective, delivering well over 10X performance/watt advantage compared to current AI inference solutions based on traditional graphics processing units (GPUs), especially for real-time edge applications.", said Sakyasingha Dasgupta, CEO and Founder of EdgeCortix, "After validating our AI processor architecture design with multiple field-programmable gate array (FPGA) customers in production, we designed SAKURA as a co-processor that can be plugged in alongside a host processor in nearly all existing systems to significantly accelerate AI inference. Using our patented runtime-reconfigurable interconnect technology, SAKURA is inherently more flexible than traditional processors and can achieve near optimal compute utilization in contrast to most AI processors that have been developed over the last 40+ years."
SAKURA is powered by a 40 trillion operations per second (TOPS), single core Dynamic Neural Accelerator® (DNA) Intellectual Property (IP), which is EdgeCortix's proprietary neural processing engine with built-in reconfigurable data-path connecting all compute engines. DNA enables the new SAKURA AI co-processor to run multiple deep neural network models together, with ultra-low latency, while preserving exceptional TOPS utilization. This unique attribute is key to enhancing the processing speed, energy-efficiency, and longevity of the system-on-chip, providing exceptional total cost of ownership benefits. The DNA IP is specifically optimized for inference with streaming and high-resolution data.
Key industrial segments where the SAKURA performance profile is ideally suited include: transportation / autonomous vehicles, defense, security, 5G communications, augmented & virtual reality, smart manufacturing, smart cities, smart retail and robotics, all markets that require low power, low latency AI inference.
The company announced that SAKURA will also be available to customers for purchase in multiple hardware form factors, and the underlying IP can be licensed in conjunction with EdgeCortix's software stack for customers designing their own proprietary semiconductors.
Key SAKURA features include:
- Up to 40 TOPS (single chip version) and 200 TOPS (multi-chip version).
- PCI-e Device TDP @ 10W-15W.
- Typical model power consumption ~5W.
- 2x64 LPDDR4x – 16 GB.
- PCIe Gen 3 up to 16 GB/s bandwidth.
- Two form factors – Dual M.2 and Low-profile PCIe.
The DNA processing engine within SAKURA delivers:
- Over 24K MACs in single core @ 800 MHz.
- Optimized for INT8 and batch size 1.
- Runtime-reconfigurable data-path.
- Relatively large on-chip memory at 20 MB.
- Maximizes compute utilization exploiting multiple degrees of parallelism defined by software.
- Extreme low-latency (< 4 ms) on demanding workloads, e.g., object detection models (Yolo-v3, Yolo-v5), multiple stream video analytics, neural network-based point-cloud data processing, etc.
The company also officially announced the open-source release of their MERATM compiler software framework effective immediately. MERA enables seamless acceleration of today's increasingly complex and compute intensive AI workloads, allowing software engineers to use SAKURA, as well as leading FPGAs powered by DNA IP and other 3rd party silicon, as drop-in replacements for CPUs or GPUs. Without leaving their comfort zone of standard frameworks like PyTorch, TensorFlow and ONNX, software engineers can leverage MERA to easily port models currently running on GPUs, seamlessly to the SAKURA accelerator, without any re-training.
About EdgeCortix Inc.
EdgeCortix is a fabless semiconductor design company focused on enabling energy-efficient edge intelligence. It was founded in 2019 with the radical idea of taking a software first approach, while designing an artificial intelligence specific runtime reconfigurable processor from the ground up using a technique called "hardware & software co-exploration". Targeting advanced computer vision applications first, using proprietary hardware and software IP on existing processors like FPGAs and custom designed ASIC, the company is geared towards positively disrupting the rapidly growing AI hardware space across defense, aerospace, smart cities, industry 4.0, autonomous vehicles and robotics.
For more details or to schedule a product demonstration, contact: info@edgecortix.com
CONTACT:
EdgeCortix Newsroom
pr@edgecortix.com,
ph: +1415-818-0430
View original content to download multimedia:
SOURCE Edgecortix, Inc. | https://www.mysuncoast.com/prnewswire/2022/04/21/edgecortix-announces-sakura-ai-co-processor-delivering-industry-leading-low-latency-energy-efficiency/ | 2022-04-21T21:34:22Z |
TULSA, Okla., June 2, 2022 /PRNewswire/ -- ClearSign Technologies Corporation (Nasdaq: CLIR) ("ClearSign" or the "Company"), an emerging leader in industrial combustion and sensing technologies that improve energy, operational efficiency and safety while dramatically reducing emissions, today provides an update on operations for the first quarter ended March 31, 2022.
"I am encouraged by the recognition we are gaining in the industry said Jim Deller, Ph.D., Chief Executive Officer of ClearSign. "We have spent significant time this quarter meeting with customers, at industry conferences, in person and via web calls. What has changed in these interactions is first, many have been requested by the customers or companies working on their behalf, secondly, we are entering into deeper discussions rather than an introduction of our technologies. I do see growing recognition of our abilities in the industry. Our goals are now to convert these inquires and proposals into orders for both our process burner and boiler burner product lines."
Recent strategic and operational highlights during and subsequent to the first quarter of 2022 include:
Closed an underwritten public offering of Common Stock: The Company closed an offering of 4,186,000 shares of its common stock at a price to the public of $1.11 per share. The total offering included 546,000 shares issued pursuant to the full exercise of the underwriter's over-allotment option. Gross proceeds to ClearSign from this offering were approximately $4,646,460 before deducting underwriting discounts, commissions and other offering expenses. ClearSign intends to use the net proceeds from the offering for working capital, research and development, marketing and sales, and general corporate purposes.
Awarded Grant from Department of Energy to Develop a Hydrogen Fueled Ultra Low NOx Process Burner: The Company was awarded a government grant through the Small Business Innovative Research (SBIR) program with the Department of Energy. The goal of this project is to develop ultra-low NOx hydrogen burner technology which will enable the adoption of hydrogen fuel for industrial heating, leading to reductions in the industrial emissions of both carbon dioxide and nitrogen oxides. The project and funding are in phases. The initial funding amount is approximately $250,000 and the project will last six months starting at the end of June. If needed, and upon completion of the Phase 1 work, the Company will be able to submit a follow-up proposal to continue the development work with a Phase 2 grant. Phase 2 grant funding can be up to $1.6 million for a two-year duration.
Announced Initial Order for Multi Heater Project from California Refinery: The Company received an initial engineering order from a large independent national refiner as the first phase of a project to retrofit two process heaters for a total of twenty ClearSign Core™ burners in one of their California refineries. The order consists of engineering, drafting and CFD (Computational Fluid Dynamics) modelling of ClearSign Core burners operating in the destination heaters. The following phases of this project are expected to include a physical "first article" full size burner demonstration, then the supply of the twenty burners to be installed in the California refinery heaters.
Successfully Installed a Process Burner Order for a Super Major's European Refinery: The project consisted of engineering, fabrication, conducting a witness test and finally installing a replacement burner for a single burner process heater incorporating the ClearSign Core™ NOx reduction technology. In addition to meeting the requirements for this specific service, this order also serves as an initial demonstration of ClearSign Core's superior NOx emissions technology for deployment into refiners' fleet of global facilities to meet their emissions reduction goals.
Relocated Company Headquarters to Tulsa, OK: The Company's move to Tulsa provides both strategic and business development benefits. Tulsa is the epicenter of the global high tech combustion industry, with a highly skilled workforce, and where leaders in the industry like ClearSign's partner Zeeco are based. Additionally, the Company has been awarded an incentive through the Oklahoma 21th Century Quality Jobs Act incentive program from the Oklahoma Department of Commerce.
Cash and cash equivalents were approximately $6,667,000 on March 31, 2022.
There were 32,154,746 shares of the Company's common stock issued and outstanding as of March 31, 2022.
The Company will be hosting a call at 5:00 PM ET today. Investors interested in participating on the live call can dial 1-866-372-4653 within the U.S. or 1-412-902-4217 from abroad. Investors can also access the call online through a listen-only webcast at https://app.webinar.net/kGyrnlQ0VPX or on the investor relations section of the Company's website at http://ir.clearsign.com/overview.
The webcast will be archived on the Company's investor relations website for at least 90 days and a telephonic playback of the conference call will be available by calling 1-877-344-7529 within the U.S. or 1-412-317-0088 from abroad. Conference ID #5976170. The telephonic playback will be available for 7 days after the conference call.
ClearSign Technologies Corporation designs and develops products and technologies for the purpose of improving key performance characteristics of industrial and commercial systems, including operational performance, energy efficiency, emission reduction, safety and overall cost-effectiveness. Our patented technologies, embedded in established OEM products as ClearSign Core™ and ClearSign Eye™ and other sensing configurations, enhance the performance of combustion systems and fuel safety systems in a broad range of markets, including the energy (upstream oil production and down-stream refining), commercial/industrial boiler, chemical, petrochemical, transport and power industries. For more information, please visit www.clearsign.com.
All statements in this press release that are not based on historical fact are "forward-looking statements." You can find many (but not all) of these statements by looking for words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "would," "should," "could," "may," "will" or other similar expressions. While management has based any forward-looking statements included in this press release on its current expectations on the Company's strategy, plans, intentions, performance, or future occurrences or results, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties and other factors include, but are not limited to, general business and economic conditions, the performance of management and our employees, our ability to obtain financing, competition, whether our technology will be accepted and adopted and other factors identified in our Annual Report on Form 10-K filed with the Securities and Exchange Commission and available at www.sec.gov and other factors that are detailed in our periodic and current reports available for review at www.sec.gov. Furthermore, we operate in a competitive environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and, except as may be required by law, undertake no obligation to, update or revise forward-looking statements to reflect events or circumstances that subsequently occur or of which we hereafter become aware.
View original content to download multimedia:
SOURCE ClearSign Technologies Corporation | https://www.kxii.com/prnewswire/2022/06/02/clearsign-technologies-corporation-provides-first-quarter-2022-update/ | 2022-06-02T20:32:12Z |
ALEXANDRIA, Va., Aug. 22, 2022 /PRNewswire/ -- NATSO, representing truckstops and travel plazas, issued the following statement on the letter sent from state fuel and convenience associations to the Western Governors Association regarding the need for U.S. DOT to flexibly administer its EV charging mileage requirement. The statement can be attributed to NATSO's Vice President of Public Affairs Tiffany Wlazlowski Neuman:
"Travel plazas and fuel retailers applaud state fuel and convenience associations for urging U.S. DOT to flexibly administer the requirement that states locate electric vehicle charging stations every 50 miles along designated corridors. Many states, especially in rural America, will need that flexibility to deploy EV charging stations in partnership with the private sector under the National Electric Vehicle Infrastructure (NEVI) Formula Program.
The 50-mile restriction is not a statutory requirement. Not all stretches of the Interstate have gas stations every 50 miles, yet drivers are infrequently concerned that they will run out of fuel in the middle of the highway. Rather than forcing states to meet an arbitrary 50-mile requirement where it isn't feasible, U.S. DOT should ensure that states can administer the program in accordance with their specific needs, working with the private sector as required by law.
The federal government should reconsider any hurdles that distort the market for EV charging and limit a state's ability to partner with the private sector. When rural states are forced to identify sites for charging stations every 50 miles, it could dissuade them from working with off-highway businesses to foster a competitive market for EV charging services, and prompt them to consider installing EV charging in rest areas. Congress expressly chose to preclude this option because it would hinder the development of an EV charging market for the long term.
EV drivers want access to a safe, reliable refueling experience like they enjoy today with gasoline powered vehicles. The best way to accelerate the adoption of electric vehicles and limit range anxiety for electric vehicles users is to foster a dynamic, competitive marketplace for EV fueling at the thousands of travel centers, gas stations, convenience stores, restaurants, and hotels located near an Interstate. This would ensure that electric vehicle charging stations are available to the public like traditional refueling."
View a link to the letter at www.natso.com/August22Statement.
NATSO is the trade association of America's travel plaza and truckstop industry. Founded in 1960, NATSO represents the industry on legislative and regulatory matters; serves as the official source of information on the diverse travel plaza and truckstop industry; provides education to its members; conducts an annual convention and trade show; and supports efforts to generally improve the business climate in which its members operate. For more information, visit NATSO.com. Contact: Tiffany Wlazlowski Neuman, Vice President, Public Affairs.
View original content to download multimedia:
SOURCE NATSO, Inc. | https://www.wibw.com/prnewswire/2022/08/22/natso-statement-state-association-calls-us-dot-flexibly-administer-ev-charging-mileage-requirement/ | 2022-08-22T17:46:41Z |
Channellock, Inc. is proud to be an official sponsor of this year's SkillsUSA TECHSPO Trade Show
ATLANTA, June 21, 2022 /PRNewswire/ -- Channellock, Inc. is proud to announce it will be an Official 2022 Sponsor of this year's SkillsUSA TECHSPO Trade Show. As part of the 2022 SkillsUSA National Leadership and Skills Conference, TECHSPO is the largest trade show in the nation. CHANNELLOCK®'s TECHSPO sponsorship and $60,000 donation of CHANNELLOCK® tools are part of its continued effort to develop a skilled workforce and close the national skills gap.
"CHANNELLOCK® is very excited to sponsor the 2022 SkillsUSA TECHSPO Trade Show. Having previously partnered with SkillsUSA, we know they are a great organization to work with and can attest to their success," said Ryan DeArment, Vice President of Sales and Marketing. "SkillsUSA's mission to provide career and technical-based education opportunities is directly aligned with our company's goal of encouraging workforce development and closing our nation's skills gap."
During TECHSPO, participants can engage directly with leaders in industry and education, as well as compete in various trade, technical and leadership fields.
During this year's TECHSPO event, CHANNELLOCK® will have an exhibit at Booth 104 with games and tool demos for students. The company will also give away a number of CHANNELLOCK® tools to contest winners and attendees.
"Our participation with SkillsUSA is part of a greater effort to encourage interest in the trades at a young age and give young people the information and resources they need to excel at their chosen career," said DeArment. "Initiatives like Trade School Trade-Up and Trades 101 are other ways we support the trades by helping prospective students find trade schools and improving existing trade school programs."
Learn more about CHANNELLOCK®'s commitment to the trades, including Trade School Trade-Up, Trades 101 and its partnership with SkillsUSA, by visiting https://channellock.com/trades-101/.
Channellock, Inc. is a worldwide leader in the manufacturing of high-quality pliers and assorted hand tools, including iconic, American-made CHANNELLOCK® Tongue & Groove Pliers, which can be found in quality retailers around the world. Founded by George B. DeArment in 1886, the Meadville, PA-based company is now in its fifth generation of family ownership and operation. Learn more about CHANNELLOCK® at www.channellock.com, and follow us on Instagram and Facebook.
View original content to download multimedia:
SOURCE Channellock, Inc. | https://www.kxii.com/prnewswire/2022/06/21/channellock-serve-official-sponsor-skillsusa-techspo-2022/ | 2022-06-21T12:21:51Z |
CRANBURY, N.J., June 28, 2022 /PRNewswire/ -- Visionet Systems announced today it has won the 2022 Microsoft Dynamics 365 Commerce Partner of the Year Award. The company was honored among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology.
"Visionet specializes in transforming the end-consumer buying journey in a personalized and simplified manner through modern technologies," said Ali Zubairy, Senior Vice President, Digital and Head of Europe and UKI of Visionet Systems. "Our current offerings take a holistic approach that allows us to connect customers in both physical and digital channels across commerce, services, and marketing. We are honored to have received this award for our aligned efforts with Microsoft to create cross-channel customer experiences for our clients across the B2B and B2C domains."
The Microsoft Partner of the Year Awards recognize Microsoft partners that have developed and delivered outstanding Microsoft-based applications, services and devices during the past year. Awards were classified in various categories, with honorees chosen from a set of more than 3,900 submitted nominations from more than 100 countries worldwide. Visionet Systems was recognized for providing outstanding solutions and services in the Microsoft Dynamics 365 Commerce Partner of the Year Award category.
The Dynamics 365 Commerce Partner of the Year Award recognizes a partner that excels at providing innovative and unique customer solutions centered on Microsoft Dynamics 365 Commerce. As the winner, Visionet Systems demonstrated consistent, high-quality, and predictable service to Microsoft customers through Catapult, a comprehensive, multi-tier commerce implementation solution designed to enable rapid e-commerce adoption leveraging Microsoft technologies packaged with Visionet accelerators. The Visionet team also successfully demonstrated business leadership and consistent customer success, with significant growth in new customer additions and cloud revenue while maintaining and expanding their existing customer base.
"I am honored to announce the winners and finalists of the 2022 Microsoft Partner of the Year Awards," said Nick Parker, Corporate Vice President of Global Partner Solutions at Microsoft. "These partners were outstanding among the exceptional pool of nominees, and I am continuously impressed by their innovative use of Microsoft Cloud technologies and the impact for their customers."
Microsoft Partner of the Year Awards are announced annually prior to the company's global partner conference, Microsoft Inspire, which will take place on July 19-20 this year. Additional details on the 2022 awards are available on the Microsoft Partner Network blog: https://blogs.partner.microsoft.com/mpn/congratulations-to-the-2022-microsoft-partner-of-the year-awards-winners-and-finalists/. The complete list of categories, winners and finalists can be found at https://partner.microsoft.com/en-us/inspire/awards.
About Visionet Systems
Visionet is a premier digital technology solutions company built on the premise of disruptive innovation. For over 27 years, our innovation-centric and engineering-first approach has unlocked digital-driven success to over 350+ global enterprises across CPG, Retail, Banking & Financial Services, Food & Beverage, Manufacturing & Distribution, and Life Sciences industries.
Our strategic technological alliances with Microsoft, Google, Salesforce, Adobe and AWS, as well as accolades like Microsoft Partner of the Year 2021 and EY Entrepreneur of the Year 2021, are a testament to our expertise in delivering seamless digital transition.
To learn more, visit www.visionet.com.
Media Contact
Bolt Public Relations
Visionet@boltpr.com
View original content to download multimedia:
SOURCE Visionet | https://www.kxii.com/prnewswire/2022/06/28/visionet-systems-recognized-winner-2022-microsoft-dynamics-365-commerce-partner-year/ | 2022-06-28T19:37:03Z |
- Robust YoY total loan portfolio growth, outpacing market performance, highlighting solid performance in individual loans. While loan volumes in the commercial portfolio were driven by strong pick-up in middle-market and corporate loans, meanwhile SME loans, remained soft.
- Total deposits continued growing at a solid pace while the Bank carefully manages funding costs by improving funding mix by favoring individual deposits. As a result of this estrategy, contribution of individuals in total deposits represented 37.2%, compared with 24.2% in 2016.
- Net income increased 46.4% YoY in 2Q22, mainly due to the strong performance in core business income, along with lower provisions for loan losses.
MEXICO CITY, July 28, 2022 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE: BSMX; BMV: BSMX), ("Banco Santander México" or "the Bank"), today announced financial results for the three-month and six-month periods ending June 30th, 2022.
Banco Santander México reported net income of Ps.6,900 million in 2Q22, representing increases of 46.4% YoY and 35.0% QoQ. On a cumulative basis, net income for the first half of the year, reached Ps.12,011 million, representing a 50.3% YoY increase.
II. CEO Message
Héctor Grisi, Executive President and CEO of Grupo Financiero Santander México, commented: "Following my recent appointment as global CEO, and with the goal of making a smooth transition that enables us to advance the strategies that we have been successfully implementing in recent years, the Board of Directors recently appointed Felipe García Ascencio as the new CEO of Banco Santander Mexico. At the same time, we announced the strengthening of the Bank's internal organization, with the creation of two new Vice Presidencies, Retail and Commercial, headed by Fernando Quesada, and Administration and Finance, headed by Didier Mena. Under Felipe's new leadership, which combines extensive experience in strategic businesses and a distinguished track record, these appointments will enable us to continue effectively executing our many growth initiatives under a customer-focused strategy and to further consolidate Mexico's participation as a strategic business of the Santander Group.
With regard to our most recent financial results, 2Q22 was the best quarter in the Bank's history. We delivered a net profit of Ps.6,900 million pesos, 46.4% higher than 2Q21 and 29% higher than 2019's average profit. In other words, we have already exceeded the profit levels we had achieved before the pandemic.
During the quarter, we maintained very strong momentum in our core businesses, gaining market share in both individual and commercial loans, together with strong origination rates. Further, we are now operating in a healthier economic and market environment, as reflected in our solid growth in consumer products, helping us expand our loan portfolio without compromising asset quality.
Total loans grew 10.3% YoY, with strong performance across our portfolio. In individual loans, we continue growing faster than the market, supported by sustained market share gains in mortgages, auto loans and credit cards. The renewed growth in our credit card business was due to the continued market acceptance and solid performance of our innovative and newest credit card, LikeU. Additionally, we are now the number-three player in auto loans, reaching 14.2% market share and converging toward our share in loans to individuals, which was 14.9% as of May. Our strength in this segment is thanks to our attractive commercial offering and the various alliances we have with leading global automakers.
We also continued to expand our deposit base at a solid pace while carefully managing funding costs by further improving our deposit mix. It is also worth noting that the contribution of individuals has increased considerably in both term and demand deposits. To put our progress in perspective, deposits from individuals today account for 37% of total deposits, up from only 24% in 1Q16. This shift has reduced the gap in funding costs versus our main competitors.
Although our risk appetite has increased in certain business lines, we remain focused on asset quality and therefore our loan portfolio remains healthy. Thanks to exceptional risk management, our NPL ratio fell 23 bps YoY, while our cost of risk decreased 69 bps to 2.06% in 2Q22, the lowest level in the Bank's history. Also noteworthy were our second quarter provisions, which were at their lowest level since the first quarter of 2013, when the loan portfolio was 55% smaller.
Our profitability was also strong, with ROE reaching its highest level during the past twelve quarters, thanks to the strategies we have been implementing to increase loan volumes, mainly in the retail portfolio, and to normalize provisions as well as achieve more normalized capital levels. Looking ahead, we expect profitability to continue rising.
In summary, although domestic and global economic conditions are expected to remain challenging, we will continue advancing our strategic priorities, strengthening our market position and maintaining our profitable growth trajectory, while developing and implementing new growth initiatives. Throughout, we will remain focused on building a stronger franchise and our goal of becoming a customer-centric organization, never losing sight of our ambition to be the bank known for superior customer experience in Mexico."
VII.2Q22 Earnings Call Dial-In Information
ABOUT BANCO SANTANDER MÉXICO (NYSE: BSMX; BMV: BSMX)
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (Banco Santander México), one of Mexico's leading banking institutions, provides a wide range of financial and related services, including retail and commercial banking, financial advisory and other related investment activities. Banco Santander México offers a multichannel financial services platform focused on mid- to high-income individuals and small- to medium-sized enterprises, while also providing integrated financial services to larger multinational companies in Mexico. As of June 30th, 2022, Banco Santander México had total assets of Ps.1,773 billion under Mexican Banking GAAP and more than 20.4 million customers. Headquartered in Mexico City, the Company operates 1,347 branches and offices nationwide and has a total of 25,627 employees.
LEGAL DISCLAIMER
Banco Santander México cautions that this presentation may contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements could be found in various places throughout this presentation and include, without limitation, statements regarding our intent, belief, targets or current expectations in connection with: asset growth and sources of funding; growth of our fee-based business; expansion of our distribution network; financing plans; competition; impact of regulation and the interpretation thereof; action to modify or revoke our banking license; exposure to market risks including interest rate risk, foreign exchange risk and equity price risk; exposure to credit risks including credit default risk and settlement risk; projected capital expenditures; capitalization requirements and level of reserves; investment in our information technology platform; liquidity; trends affecting the economy generally; and trends affecting our financial condition and our results of operations. While these forward-looking statements represent our judgment and future expectations concerning the development of our business, many important factors could cause actual results to differ substantially from those anticipated in forward-looking statements. These factors include, among other things: changes in capital markets in general that may affect policies or attitudes towards lending to Mexico or Mexican companies; changes in economic conditions, in Mexico in particular, in the United States or globally; the monetary, foreign exchange and interest rate policies of the Mexican Central Bank (Banco de México); inflation; deflation; unemployment; unanticipated turbulence in interest rates; movements in foreign exchange rates; movements in equity prices or other rates or prices; changes in Mexican and foreign policies, legislation and regulations; changes in requirements to make contributions to, for the receipt of support from programs organized by or requiring deposits to be made or assessments observed or imposed by, the Mexican government; changes in taxes and tax laws; competition, changes in competition and pricing environments; our inability to hedge certain risks economically; economic conditions that affect consumer spending and the ability of customers to comply with obligations; the adequacy of allowance for impairment losses and other losses; increased default by borrowers; our inability to successfully and effectively integrate acquisitions or to evaluate risks arising from asset acquisitions; technological changes; changes in consumer spending and saving habits; increased costs; unanticipated increases in financing and other costs or the inability to obtain additional debt or equity financing on attractive terms; changes in, or failure to comply with, banking regulations or their interpretation; and certain other risk factors included in our annual report on Form 20-F. The risk factors and other key factors that we have indicated in our past and future filings and reports, including those with the U.S. Securities and Exchange Commission, could adversely affect our business and financial performance. The words "believe," "may," "will," "aim," "estimate," "continue," "anticipate," "intend," "expect," "forecast" and similar words are intended to identify forward-looking statements. You should not place undue reliance on such statements, which speak only as of the date they were made. We undertake no obligation to update publicly or to revise any forward-looking statements after we distribute this presentation because of new information, future events or other factors. In light of the risks and uncertainties described above, the future events and circumstances discussed herein might not occur and are not guarantees of future performance.
Note: The information contained in this presentation is not audited. Nevertheless, the consolidated accounts are prepared on the basis of the accounting principles and regulations prescribed by the Mexican National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores) for credit institutions, as amended (Mexican Banking GAAP). All figures presented are in millions of Mexican pesos, unless otherwise indicated. Historical figures are not adjusted by inflation.
View original content:
SOURCE Banco Santander México, S.A. | https://www.wibw.com/prnewswire/2022/07/28/banco-santander-mxico-reports-second-quarter-2022-net-income-ps6900-million/ | 2022-07-28T23:39:45Z |
LEADING OFF: White Sox eager for Moncada, Reds get Castillo
By The Associated Press
The scraped-up White Sox hope third baseman Yoán Moncada can make his season debut when Chicago opens a three-game home series against Cleveland. The 26-year-old Moncada has been out since the last week of spring training with a strained right oblique, one of several key players sidelined for the South Siders this season. The White Sox have won six straight to climb back over .500 for the first time since April 20 despite still missing sluggers Eloy Jiménez and Andrew Vaughn and starter Lance Lynn. Right-hander Michael Kopech will start the opener Monday night against the Guardians’ Zach Plesac. | https://localnews8.com/sports/ap-national-sports/2022/05/08/leading-off-white-sox-eager-for-moncada-reds-get-castillo/ | 2022-05-09T05:35:45Z |
America's Favorite Neighborhood Pet Store Offers Free Pet ID Tags Nationwide and Discounted Microchipping Services at Select Locations
LIVONIA, Mich., April 13, 2022 /PRNewswire/ -- Pet Supplies Plus – the largest and most trusted pet retail franchise in the United States – has announced it will be celebrating this year's National Pet ID Week from April 17 – 23 with discounts and free deals for pet owners. Neighbors will be offered discounted microchipping services at select locations and free name identification tags with the purchase of a dog or cat collar at all stores. During the promotion, pet owners have the opportunity to receive a $15 microchipping services voucher with any Pet Supplies Plus purchase – making it a fraction of the usual cost.
Throughout National Pet ID Week, select Pet Supplies Plus stores will partner with VIP Petcare, the national veterinary care platform of PetIQ, to offer microchipping vouchers to neighbors with any in-store purchase made April 17 – 23, 2022, while supplies last. Each voucher offers a $15 microchipping service through VIP Petcare and is valid through June 6th, 2022.
In addition, all Pet Supplies Plus locations will offer a free pet ID tag (up to a $10.98 value) with an in-store purchase of any cat or dog collar purchased during National Pet ID Week. To find the nearest Pet Supplies Plus store, neighbors are encouraged to visit www.petsuppliesplus.com/Store. For locations that specifically offer microchipping services and the discounted vouchers, search for locations with VIP Petcare clinics.
The American Humane Association reports that one out of three pets become lost at some point in their lifetime. It is crucial for pet owners to understand their best opportunity to have a pet return home safely is by ensuring they're microchipped and have an identification tag. Pet Supplies Plus has partnered with VIP Petcare to make this essential procedure more affordable and accessible.
- Over 9 million companion animals are admitted to shelters in the U.S. every year, and many of these are euthanized because their owners cannot be found.
- Microchipped pets are 2.5 times more likely to be returned to their owners.
- Dogs without microchips are returned to their owners about 22% of the time, but microchipped dogs are returned over 50% of the time.
"We view each pet and family in communities across the nation as an extension of our company's family which is why offering this service is so important to us," said Chris Rowland, Chief Executive Officer of Pet Supplies Plus. "We are proud to play a role in ensuring each pet can return home safely if lost and hope this program provides greater awareness about microchipping and pet ID tag services to current and future neighbors."
Pet Supplies Plus offers a wide array of natural pet foods and a variety of made-in-the-USA pet consumables, including food, treats, rawhide and chews. Set in welcoming neighborhood environments, Pet Supplies Plus team members get to know their neighbors and pets by name at every store. Full-service grooming, self-serve pet wash stations and fresh bakery treats are also available in-store at many locations. Neighbors can now fill prescriptions online, and receive home delivery for quality medications and specialty diets. Whether shopping in-store or online, choosing local is easy. For more information, visit www.petsuppliesplus.com.
Your neighborhood Pet Supplies Plus has everything you need for your furry, scaly and feathery friends. Our shelves are stocked with the right products, including a wide selection of natural and made in the USA products. Easily find all their favorites at prices you love, whether you shop with us in store or online using free curbside pickup, same-day delivery or Autoship. To help keep your pets happy and healthy, pet prescriptions can be filled online and delivered directly to your door. As the nation's largest independent pet store with over 600 locations in 39 states and counting, we make shopping local simple. For more information visit www.petsuppliesplus.com.
PetIQ is a leading pet medication and wellness company delivering a smarter way for pet parents to help their pets live their best lives through convenient access to affordable veterinary products and services. The company engages with customers through more than 60,000 points of distribution across retail and e-commerce channels with its branded distributed medications, which is further supported by its own world-class medications manufacturing facility in Omaha, Nebraska. The company's national service platform, VIP Petcare, operates in over 3,400 retail partner locations in 41 states providing cost effective and convenient veterinary wellness services. PetIQ believes that pets are an important part of the family and deserve the best products and care we can give them.
Media Contact: Marisa Beaumont, Fishman Public Relations, (847) 945-1300 or mbeaumont@fishmanpr.com
View original content to download multimedia:
SOURCE Pet Supplies Plus | https://www.kxii.com/prnewswire/2022/04/13/pet-supplies-plus-supports-national-pet-id-week-with-discounts-free-deals-pet-owners/ | 2022-04-13T15:35:53Z |
PITTSBURGH, Aug. 12, 2022 /PRNewswire/ -- "I grew up in the Caribbean and have been through many floods. I thought there should be a means to protect a vehicle against flood waters," said an inventor, from Seattle, Wash., "so I invented the VEHICLE FLOOD PROTECTOR. My design would help to uphold the condition, appearance and value of a car or truck during a flood."
The invention provides effective flood protection for a vehicle. In doing so, it offers an improved alternative to traditional tarps and vehicle covers. As a result, it helps to prevent flood-related damage and it provides added protection and peace of mind. The invention features a waterproof design that is easy to apply so it is ideal for vehicle owners who live in high flood areas. Additionally, it is producible in design variations. Inventor claims it helps prevent insurance claims and saves money.
The original design was submitted to the Seattle sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-FED-2384, 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.
View original content to download multimedia:
SOURCE InventHelp | https://www.mysuncoast.com/prnewswire/2022/08/12/inventhelp-inventor-develops-flood-protector-vehicles-fed-2384/ | 2022-08-12T16:13:32Z |
MILPITAS, Calif., June 21, 2022 /PRNewswire/ -- KLA Corporation ("KLA") (NASDAQ: KLAC) today announced that it has commenced a tender offer (the "Tender Offer") to purchase for cash up to $500,000,000 aggregate principal amount, as may be increased or decreased by KLA (the "Maximum Amount"), of its 4.650% Senior Notes due 2024 ("Tender Notes"). KLA intends to fund the purchase of Tender Notes accepted for payment in the Tender Offer with a portion of the proceeds from a concurrent offering of senior notes.
The Maximum Amount represents the aggregate principal amount of Tender Notes subject to the Tender Offer and excludes any Accrued Interest or Early Tender Payment (each as defined below). KLA expressly reserves the right, in its sole discretion, subject to applicable law, to change, increase or decrease the Maximum Amount, without extending withdrawal rights and/or terminate the Tender Offer at any time prior to the Expiration Date (as defined below). If Holders (as defined below) tender more Tender Notes in the Tender Offer than they expect to be accepted for purchase by KLA based on the Maximum Amount and KLA subsequently accepts more Tender Notes in the Tender Offer than such Holders expected as a result of an increase of the Maximum Amount, such Holders will not be able to withdraw any of their previously tendered Tender Notes. Accordingly, Holders should not tender any Tender Notes that they do not wish to be accepted for purchase in the Tender Offer.
The Tender Offer is summarized in the table below:
The Tender Offer is being made upon the terms and subject to the conditions set forth in the Offer to Purchase, dated June 21, 2022 (as amended or supplemented from time to time, the "Offer to Purchase"), which sets forth a detailed description of the Tender Offer. The Tender Offer is open to all registered holders (individually, a "Holder" and collectively, the "Holders") of Tender Notes. The purpose of the Tender Offer is to refinance a portion of KLA's outstanding indebtedness.
Tender Notes validly tendered and not validly withdrawn at or prior to 5:00 p.m., New York City time, on July 5, 2022 (the "Early Tender Date") will be eligible to receive the Total Consideration (as defined below), which includes the "early tender payment" specified in the table above (the "Early Tender Payment"). Tender Notes validly tendered after the Early Tender Date but at or prior to midnight (end of day), New York City time, on July 19, 2022 (the "Expiration Date") will be eligible to receive consideration (the "Tender Offer Consideration") equal to the Total Consideration minus the Early Tender Payment.
The total consideration ("Total Consideration") payable by KLA for Tender Notes will be a price per $1,000 principal amount based on the yield to maturity of the U.S. Treasury reference security specified in the table above (the "UST Reference Security"), as determined at 9:00 a.m., New York City time, on July 6, 2022 (unless otherwise extended by us as described in the Offer to Purchase), plus a fixed spread, calculated in accordance with the Offer to Purchase. For the avoidance of doubt, if the Total Consideration determined is less than $1,000 per $1,000 principal amount of Tender Notes, then the Total Consideration will be calculated to the stated maturity date and not to the first par call date for Tender Notes.
The settlement date for Tender Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date and accepted for purchase is expected to be July 7, 2022, the second business day after the Early Tender Date (the "Early Settlement Date"). The settlement date for Tender Notes validly tendered after the Early Tender Date but at or prior to the Expiration Date and accepted for purchase is expected to be July 21, 2022, the second business day after the Expiration Date (the "Final Settlement Date," and along with the Early Settlement Date, each a "Settlement Date"), if the Maximum Amount is not purchased on the Early Settlement Date.
In addition to the Total Consideration or Tender Offer Consideration, as applicable, Holders of Tender Notes accepted for purchase will receive accrued and unpaid interest ("Accrued Interest") on those Tender Notes from the last interest payment date with respect to those Tender Notes to, but not including, the applicable Settlement Date.
Holders who tender their Tender Notes at or prior to 5:00 p.m., New York City time, on July 5, 2022 (such date and time, as it may be extended, the "Withdrawal Deadline") may withdraw such tendered Tender Notes at any time at or prior to the Withdrawal Deadline. Following the Withdrawal Deadline, Holders who have tendered their Tender Notes (whether before, on or after the Withdrawal Deadline) may not withdraw such Tender Notes unless KLA is required to extend withdrawal rights under applicable law.
The Tender Offer is not conditioned on any minimum principal amount of Tender Notes being validly tendered; however, KLA's obligation to accept for purchase, and to pay for, Tender Notes validly tendered pursuant to the Tender Offer is subject to, and conditioned upon, the satisfaction of or, where applicable, KLA's waiver of the conditions, including a financing condition and certain other general conditions, specified in the Offer to Purchase.
KLA has retained BofA Securities and Citigroup to act as the dealer managers (the "Dealer Managers") for the Tender Offer. D.F. King & Co., Inc. has been retained to act as the Tender and Information Agent for the Tender Offer. Requests for assistance relating to the procedures for tendering Tender Notes may be directed to the Tender and Information Agent either by email at kla@dfking.com, or by phone (212) 269-5550 (for banks and brokers only) or (800) 290-6424 (for all others toll free). Requests for assistance relating to the terms and conditions of the Tender Offer may be directed to BofA Securities at (980) 387-3907 (collect) or (888) 292-0070 (toll-free) or via email at debt_advisory@bofa.com or to Citigroup at (212) 723-6106 (collect) or (800) 558-3745 (toll-free) or via email at ny.liabilitymanagement@citi.com. Beneficial owners may also contact their broker, dealer, commercial bank, trust company or other nominee for assistance.
This press release shall not constitute an offer to sell or purchase, or a solicitation of an offer to sell or purchase, or the solicitation of tenders with respect to, the Tender Notes. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. The Tender Offer is being made solely pursuant to the Offer to Purchase made available to Holders of the Tender Notes. None of KLA, the Dealer Managers, the Tender and Information Agent or the trustee with respect to the Tender Notes, or any of their respective affiliates, is making any recommendation as to whether or not Holders should tender or refrain from tendering all or any portion of their Tender Notes in response to the Tender Offer. Holders are urged to evaluate carefully all information in the Offer to Purchase, consult their own investment and tax advisers and make their own decisions whether to tender their Tender Notes in the Tender Offer, and, if so, the principal amount of Tender Notes to tender.
KLA develops industry-leading equipment and services that enable innovation throughout the electronics industry. We provide advanced process control and process-enabling solutions for manufacturing wafers and reticles, integrated circuits, packaging, printed circuit boards and flat panel displays. In close collaboration with leading customers across the globe, our expert teams of physicists, engineers, data scientists and problem-solvers design solutions that move the world forward. Additional information may be found at www.kla-tencor.com. (KLAC-F).
Statements in this press release other than historical facts, such as statements regarding the Tender Offer, are forward-looking statements. These forward-looking statements are based on current information and expectations and involve a number of risks and uncertainties. Actual results may differ materially from those projected in such statements due to various factors, including but not limited to: the impact of the COVID-19 pandemic on the global economy and on our business, financial condition and results of operations, including the supply chain constraints we are experiencing as a result of the pandemic; economic, political and social conditions in the countries in which we, our customers and our suppliers operate, including rising inflation and interest rates, Russia's invasion of Ukraine and global trade policies; disruption to our manufacturing facilities or other operations, or the operations of our customers, due to natural catastrophic events, health epidemics or terrorism; ongoing changes in the technology industry, and the semiconductor industry in particular, including future growth rates, pricing trends in end-markets, or changes in customer capital spending patterns; our ability to timely develop new technologies and products that successfully anticipate or address changes in the semiconductor industry; our ability to maintain our technology advantage and protect our proprietary rights; our ability to compete with new products introduced by our competitors; our ability to attract and retain key personnel; cybersecurity threats, cyber incidents affecting our and our service providers' systems and networks and our ability to access critical information systems for daily business operations; liability to our customers under indemnification provisions if our products fail to operate properly or contain defects or our customers are sued by third parties due to our products; exposure to a highly concentrated customer base; availability and cost of the wide range of materials used in the production of our products; our ability to operate our business in accordance with our business plan; legal, regulatory and tax environments in which we perform our operations and conduct our business and our ability to comply with relevant laws and regulations; our ability to pay interest and repay the principal of our current indebtedness is dependent upon our ability to manage our business operations, our credit rating and the ongoing interest rate environment, among other factors; instability in the global credit and financial markets; our exposure to currency exchange rate fluctuations, or declining economic conditions in those countries where we conduct our business; changes in our effective tax rate resulting from changes in the tax rates imposed by jurisdictions where our profits are determined to be earned and taxed, expiration of tax holidays in certain jurisdictions, resolution of issues arising from tax audits with various authorities or changes in tax laws or the interpretation of such tax laws; and our ability to identify suitable acquisition targets and successfully integrate and manage acquired businesses. For other factors that may cause actual results to differ materially from those projected and anticipated in forward-looking statements in this press release, please refer to KLA's Annual Report on Form 10-K for the year ended June 30, 2021, and other subsequent filings with the Securities and Exchange Commission (including, but not limited to, the risk factors described therein). KLA assumes no obligation to, and does not currently intend to, update these forward-looking statements.
View original content:
SOURCE KLA Corporation | https://www.mysuncoast.com/prnewswire/2022/06/21/kla-corporation-announces-cash-tender-offer-4650-senior-notes-due-2024/ | 2022-06-21T14:55:16Z |
ST. PETERSBURG, Fla., Aug. 30, 2022 /PRNewswire/ -- Passco Companies has exclusively listed with JBM® as Advisor/Broker Longitude 82 Apartments in Sarasota. This 360-unit, Class A, garden-style property was built in 2017 and features a diverse unit mix of studios, one, two, and three-bedroom floorplans averaging 971 square feet. The Property offers a low-density site plan of just 11.06 units per acre.
Amenities
Longitude 82 showcases a desirable array of community amenities, including: a resort-style, saltwater pool; sundeck; fire pit; grilling stations; 24-hour, state-of-the-art fitness center; valet trash; resident clubhouse with lounge areas, demonstration kitchen, and snack/beverage station; fenced-in dog park with turf, shade, and agility equipment; car care center; pet wash station; and a shaded children's playground. The Property offers attached and detached garages available for rent.
Units
Units feature modern, open-concept floorplans. Each is fully equipped with chef-inspired kitchens; granite countertops throughout; kitchen islands with breakfast bar; GE stainless steel, energy efficient appliances; flat-panel, espresso cabinets with brushed nickel hardware; and built-in wine racks. Luxury, faux wood plank flooring runs throughout the common areas and bathrooms. Each unit has an in-suite washer and dryer, walk-in closet, and 9' ceilings. 32 units include wine fridges and 42 units have direct access garages.
Location
Sarasota ranks #2 in the nation for year-over-year rent growth. The Property is located adjacent to Interstate 75 – providing exceptional connectivity to nearby employment drivers, shopping, and Sarasota's white sand beaches. Longitude 82 is less than one mile to the HCA Florida Sarasota Doctors Hospital, as well as the nearest Publix, and is just 15 minutes the region's predominate power retail center – University Town Center. Within a 3-mile radius, the average net worth is an astounding $1.59 million.
Passco
Since 1998, Passco Companies has acquired over $7.7 billion in multifamily and commercial real estate across the U.S. They are currently involved with 49 properties in 15 states and are actively growing their investment portfolio.
JBM® is the #1 ranked brokerage firm in the U.S. and has dominated the Southwest Florida market for the last 20+ years – with a greater than 70% market share. Despite only transacting in Florida, JBM® was ranked the #12 multifamily broker by sales volume throughout the entire U.S. according to Green Street's mid-year 2022 rankings. Amongst brokers with multiple transactions, JBM® ranks #1 for Highest Average Sold Price across the country.
View original content to download multimedia:
SOURCE JBM Institutional Multifamily Advisors | https://www.kxii.com/prnewswire/2022/08/30/jbm-exclusively-lists-longitude-82-apartments-sarasota/ | 2022-08-30T20:56:09Z |
NEW YORK, June 8, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of First High-School Education Group Co., Ltd. ("FHS"or the "Company") (NYSE: FHS). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether FHS and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On or around March 11, 2021, FHS conducted its initial public offering ("IPO") of 7.5 million American Depositary Shares ("ADSs") priced at $10.00 per share. Soon after the IPO, media reports stated that Chinese policymakers had proposed stricter regulations to rein in the for-profit education industry, such as regulations aimed at enhancing teacher quality, limiting fee scams, reducing market abuse, and reducing the stress that for-profit educational companies had placed on students in the Chinese educational system.
On May 12, 2021, news reports revealed that the impending government crackdown on for-profit educational companies in China would be much more drastic and far reaching than previously publicly known. Sources stated that anticipated rules would include measures such as banning on-campus tutoring classes, prohibiting tutoring services during weekend hours, and the imposition of industry-wide fee limitations.
On May 14, 2021, China's state council announced that it would further tighten regulations on compulsory education and training institutions with new rules set to take effect on September 1, 2021.
On July 23, 2021, China unveiled a sweeping overhaul of its education sector, banning companies that teach the school curriculum from making profits, raising capital or going public. These drastic measures effectively ended any potential growth in the for-profit tutoring sector in China.
On July 26, 2021, FHS issued a press release announcing that the Company "will follow the spirit of the Opinion and comply with all relevant rules and regulations in providing high school education services."
In a series of disclosures beginning on September 28, 2021, FHS reported, among other things, disappointing financial and operating results due to the impact of the regulatory crackdown on China's for-profit education sector; the resignation of the Company's Chief Financial Officer; the dismissal of the Company's auditor, KPMG Huazhen LLP; the receipt of a letter from the New York Stock Exchange ("NYSE") stating that the Company was in non-compliance with the NYSE's listing requirements because its total market capitalization and stockholders' equity had fallen below compliance standards; and that the Company would be unable to timely filed its annual report with the U.S. Securities and Exchange Commission.
By May 10, 2022, FHS ADSs closed below $1.00 per share, representing a decline of more than 90% from the offering price.
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
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.mysuncoast.com/prnewswire/2022/06/09/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-first-high-school-education-group-co-ltd-fhs/ | 2022-06-09T03:22:42Z |
BROOKLYN, Mich. (AP) — LeBron James aims to give students at his I Promise School opportunities they may not have otherwise.
Recently, the NBA superstar’s mission shifted into another gear.
James Bromsey III, a sixth-grader at James’ school in Akron, Ohio, was given behind-the-scenes access before NASCAR’s race Sunday at Michigan International Speedway.
It was a fitting way to celebrate a student, whose father died four years ago. James Bromsey II shared a dream with family and friends that his son would be in the Akron Soap Box Derby, an event that dates to 1934.
“My son was six months old when his dad said he was going to be in the soap box derby,” Tomika Pope recalled.
Bromsey fulfilled a promise to participate in the event in June. He was awarded a VIP experience by Roush Fenway Keselowski Racing, which put a paint job on Chris Buescher’s No. 17 Ford to include logos, colors and words associated with the LeBron James Family Foundation.
Bromsey rode in a pace car, climbed up the spotter’s stand and had a meet-and-greet session with Buescher.
“When did you do your first flip? he asked Buescher, who said he had not flipped, but did recently have his car catch on fire. Buescher went on to tell his guests that his dad got him started in racing.
“Dad was into racing, too,” Bromsey said quietly.
During a tour of RFK’s hauler, which included a peek through an overhead opening at the space where the team stores its two cars, Bromsey’s aunt Tracy Gholston was almost brought to tears. Gholston said her brother died in 2018, shortly after a bout with pneumonia.
“He could have led this tour,” she said, choking up. “It’s so emotional to see how God put this all together.”
Bromsey added: “He would be telling you everything about all the cars.”
Bromsey also was given access to the garage area, where he posed for pictures and pointed toward the I Promise School logo on Buescher’s car. He later walked behind the Mustang as it was pushed to the track and watched as Buescher finished 16th in the 37-car race won by Kevin Harvick in the No. 4 Ford.
James is a minority owner in Fenway Sports Group, a parent company of RFK Racing. He opened the I Promise School, which is at full capacity with third to eighth-graders, four years ago in a partnership with his family foundation and Akron City Schools, aiming to support kids facing the same problems he had during a challenging childhood.
Before the race, James wished Buescher luck on Twitter and celebrated Bromsey’s experience.
“For James to have this once-in-a-lifetime opportunity at the track is amazing,” James said. “He’s an incredible kid with a love for racing. We wanted to show him that anything is possible when you go out and chase your dreams. And with the No. 17 car representing all of us, we want all the kids from Akron to know that nothing is out of reach for them.”
Did a day at the track inspire Bromsey to someday become a NASCAR driver?
“I’ll stick to the soap box derby,” he said, with a grin.
___
Follow Larry Lage at https://twitter.com/larrylage
___
More AP auto racing: https://apnews.com/apf-AutoRacing and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/lebron-james-school-student-treated-to-vip-access-by-nascar/ | 2022-08-10T18:08:48Z |
Kaiser Permanente study finds culturally tailored program leads to long-term benefits in adults with hypertension
OAKLAND, Calif., May 18, 2022 /PRNewswire/ -- Culturally tailored lifestyle coaching can help Black adults with hypertension improve their blood pressure control, new Kaiser Permanente research shows. Improving blood pressure control is key to reducing risk for stroke, heart attack, and other hypertension-related health problems.
"Black adults have the highest rates of high blood pressure in the United States, and, for reasons we don't fully understand, it starts at a younger age and results in strokes, heart attacks, heart failure, chronic kidney disease, and other serious hypertension-related health problems occurring at an earlier age as well," said the study's senior author, Stephen Sidney, MD, MPH, a research scientist at the Kaiser Permanente Division of Research. "We know how to treat high blood pressure with medication, but there is also a huge role that behavior change can play in prevention and treatment. This study was a tremendous opportunity to see if we had an intervention that could change behaviors and get blood pressure under control."
The study, published May 18 in JAMA Network Open, included 1,761 Black adults with high blood pressure who were members of Kaiser Permanente in Northern California. The patients joined 1 of 3 groups: usual care; usual care and a 12-month enhanced medication management; or usual care and a 12-month coaching program of 16 phone sessions with a registered dietitian who talked to them about their diet choices and helped them lower their salt intake by adhering to the DASH (Dietary Approaches to Stop Hypertension) eating plan. Then, the researchers analyzed the impact the programs had on blood pressure control at 12, 24, and 48 months post-enrollment.
Statistical analyses showed no significant difference in blood pressure control among the 3 groups after 12 months. However, at both the 24-month and the 48-month mark, blood pressure control was significantly better among the patients who had received the lifestyle coaching than it was among patients in the enhanced medication management program or the usual care only group. At 24 months post-enrollment, 72.4% of the patients who received lifestyle coaching had controlled blood pressure, compared with 67.6% of the patients in the enhanced medication management program and 61.2% of patients receiving usual care. At 48 months the differences were sustained, with 73.1% of the patients in the lifestyle coaching group showing controlled blood pressure compared with 66.5% of the patients in the enhanced medication management program and 64.5% of the patients receiving usual care.
"We had hoped that a 12-month coaching program could help people learn how to start a healthy, low-salt eating plan," said lead author Mai N. Nguyen-Huynh, MD, a research scientist at the Kaiser Permanente Division of Research and the Kaiser Permanente Northern California regional medical director for primary stroke for The Permanente Medical Group. "But what was really eye-opening was learning that after the 1-year program ended these patients continued to have better blood pressure control, perhaps by sticking with the lifestyle changes they had learned — even though we had no contact with them."
Black adults have significantly higher rates of high blood pressure than white, Latino, and Asian adults, and lower rates of blood pressure control. High blood pressure can cause damage to the arteries throughout the body, increasing the risk of a heart attack, stroke, dementia, or heart failure. The new study was funded through a national effort aimed at developing programs to reduce stroke disparities in racial/ethnic, rural, or lower socioeconomic populations.
The researchers said they believe their findings could lead to the introduction of similar programs that can help Black adults learn about dietary changes that improve blood pressure control. "This research opens up the door for the creation of programs that could be offered on a larger scale that implement the principles of coaching for behavioral change that we have shown can be effective," said Dr. Sidney.
Added Dr. Nguyen-Huynh: "This is the only trial that has shown that a lifestyle coaching intervention can bring about changes that lead to better blood pressure control long after the intervention has ended. We've learned from the participants' feedback what they felt were the most helpful aspects of the program, and we can use them to guide our next steps."
About Kaiser Permanente
Kaiser Permanente is committed to helping shape the future of health care. We are recognized as one of America's leading health care providers and not-for-profit health plans. Founded in 1945, Kaiser Permanente has a mission to provide high-quality, affordable health care services and to improve the health of our members and the communities we serve. We currently serve 12.6 million members in 8 states and the District of Columbia. Care for members and patients is focused on their total health and guided by their personal Permanente Medical Group physicians, specialists, and team of caregivers. Our expert and caring medical teams are empowered and supported by industry-leading technology advances and tools for health promotion, disease prevention, state-of-the-art care delivery, and world-class chronic disease management. Kaiser Permanente is dedicated to care innovations, clinical research, health education, and the support of community health. For more information, go to about.kp.org
For more information, contact:
Regional Communicator Sue Rochman, Susan.L.Rochman@kp.org, 415-265-2418
Lauren Davitt, lauren.davitt@mboothhealth.com, 212-886-2228
View original content to download multimedia:
SOURCE Kaiser Permanente | https://www.kxii.com/prnewswire/2022/05/18/lifestyle-coaching-lowers-blood-pressure-black-adults/ | 2022-05-18T15:17:46Z |
TPD closes westbound I-470 ramp at 29th St. after traffic signals go offline
Published: Jun. 17, 2022 at 2:53 PM CDT|Updated: 7 minutes ago
TOPEKA, Kan. (WIBW) - The westbound I-470 ramp at 29th St. in Topeka has closed after the traffic signals went offline Friday afternoon.
The Topeka Police Department took to Facebook on Friday afternoon, June 17, to alert drivers that all traffic signals in the area of I-470 and 29th St. are out.
Officers said the westbound I-470 ramp at 29th has been shut down and will remain so until power can be restored and traffic can be stabilized at the busy intersection.
TPD has asked drivers to find a different route if they are headed to the 29th and Fairlawn area.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/06/17/tpd-closes-westbound-i-470-ramp-29th-st-after-traffic-signals-go-offline/ | 2022-06-17T20:02:47Z |
DC sues Zuckerberg over Cambridge Analytica privacy breach
WASHINGTON (AP) — The District of Columbia on Monday sued Meta chief Mark Zuckerberg, seeking to hold him personally liable for the Cambridge Analytica scandal, a privacy breach of millions of Facebook users’ personal data that became a major corporate and political scandal.
D.C. Attorney General Karl Racine filed the civil lawsuit against Zuckerberg in D.C. Superior Court. The lawsuit maintains that Zuckerberg directly participated in important company decisions and was aware of the potential dangers of sharing users’ data, such as occurred in the case involving data-mining firm Cambridge Analytica.
Cambridge Analytica gathered details on as many as 87 million Facebook users without their permission. Their data is alleged to have been used to manipulate the 2016 presidential election.
Zuckerberg, who co-founded Facebook and has headed its board since 2012, controls more than 50% of Facebook’s voting shares and “maintains an unparalleled level of control over the operations of Facebook as it has grown into the largest social media company in the world,” the lawsuit says.
Racine is seeking damages and penalties from Zuckerberg as may be determined in a trial.
Meta Platforms spokesman Andy Stone declined to comment. Meta, the parent of Facebook, Instagram and WhatsApp, is based in Menlo Park, California.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/05/23/dc-sues-zuckerberg-over-cambridge-analytica-privacy-breach/ | 2022-05-23T21:48:35Z |
Section of Highway 24 closed Sunday afternoon following crash
Published: Aug. 21, 2022 at 1:56 PM CDT|Updated: 41 minutes ago
TOPEKA, Kan. (WIBW) - A stretch of U.S. Highway 24 has been closed Sunday afternoon following reports of a three car crash near Silver Lake.
As of 2:00 p.m. Sunday, over a mile of Highway 24 is closed near NW Hodges Rd.
The story will be continued to be updated as more information becomes available.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/08/21/section-highway-24-closed-sunday-afternoon-after-crash/ | 2022-08-21T19:39:19Z |
Avast sees global increase in ransomware attacks with 24% increase in Q2/2022 from previous quarter
Avast's Ransomware Shield offers an additional layer of protection, ensuring organizations have uninterrupted access to systems and data
PRAGUE, Aug. 24, 2022 /PRNewswire/ -- Avast (LSE:AVST), a global leader in digital security and privacy, today launches a new Ransomware Shield for businesses, offering organizations an extra layer of protection against ransomware attacks. This will ensure businesses can secure their most important files and crucially, customer data, with proactive protection which prevents unauthorized access. The new feature is available now, included, as part of the Avast Essential, Premium, and Ultimate Business Security packages for businesses for both Windows and MacOS.
Despite observing a decline in ransomware attacks in Q4 2021 and Q1 2022, ransomware attacks are increasing globally once again. Avast witnessed a 24% increase in ransomware attacks in Q2 2022 in comparison to Q1 20221.
Filip Hlinka, VP of Product, Avast Business, says, "Small businesses are facing a growing threat from ransomware, with cybercriminals increasingly targeting smaller organizations to encrypt crucial business data and disrupt operations. The results can be devastating for small businesses that lack the financial and technical resources to rebound from such attacks. Avast's antivirus has always offered consumers and business users powerful protection against cyberthreats including ransomware, and Ransomware Shield offers a purpose-built, additional layer of protection which helps to secure businesses' most crucial files against these highly damaging attacks."
While Avast customers are already protected against ransomware via Avast's existing Web Shield, File Shield, and Behavior Shield, Ransomware Shield works alongside them to provide multi-layered protection, ensuring businesses have uninterrupted access to their systems and data. Ransomware Shield works by safeguarding files and folders from being modified, deleted, or encrypted by unknown applications. Users can specify which applications have permission to access their files, providing an additional layer of protection for organizations' most confidential and important data. The new feature is automatically enabled by default, and users can customize the list of protected files and folders in the policy in the Avast Business Hub.
Ransomware Shield is now available for all Avast Small Business Solutions users.
For more information contact us
E-mail: pr@avast.com
About Avast Business:
Avast Business, part of Avast (LSE:AVST, a FTSE 100 company), a global leader in cybersecurity and privacy products with over 435 million users, provides enterprise-grade endpoint and network security solutions for small and mid-sized businesses (SMBs) and IT service providers. Avast Business delivers powerful integrated security and privacy solutions to make it easy and affordable for businesses to protect complex and evolving network security layers. Backed by Avast's immense threat detection network, which is among the largest and most advanced in the world, Avast Business uses machine learning and artificial intelligence technologies to detect and stop threats in real time.
Further information relating to this release:
Keep in touch with Avast Business:
- For more information about Avast visit: https://www.avast.com/en-gb/about and https://www.avast.com/company-faqs
- Follow us on Twitter: @Avastbusiness
- For small business security insights, visit the Avast Business blog: https://blog.avast.com/topic/business-security
- Join our LinkedIn community: https://www.linkedin.com/showcase/avast-for-business/
1 Avast Q2 2022 Research Report: https://decoded.avast.io/threatresearch/avast-q2-2022-threat-report/
View original content to download multimedia:
SOURCE Avast Software, Inc. | https://www.wibw.com/prnewswire/2022/08/24/avast-ransomware-shield-offers-new-layer-protection-businesses-light-evolving-threats/ | 2022-08-24T07:58:09Z |
CROTON ON HUDSON, N.Y., June 8, 2022 /PRNewswire/ -- Join Us! This Friday Evening June 10th 6 pm to Celebrate TGIF with Latin Biz Today's Business, Life & Culture Event. Enjoy a Fun Evening that includes Golf, Salsa Music, Food & Drink
Emceed Get Tickets while they last! Use this special event promotion code COACH9073 for $10 off and automatically become a Latin Biz Today Insider member! The Event is selling out. Get your tickets at Eventbrite here while available.
Join us rain or shine Friday evening on the lawn at Spook Rock Golf Course (or in the "chalet" with views of the golf course in case of inclement weather). by Latin Recording Artist and bandleader Tito Puente Jr and Featuring PGA Golf Professional Jim McCann and "Shark Tank" TV show winner Dr Juan Salinas.
Latin biz Today invites you to make new friends and business colleagues. I'll share my new "Tina Makes Golf Her Thing" experiences with PGA Pro Jim McCann as we enjoy excellent music, food and beverages. Dr. Juan Salinas will share his life changing "Shark Tank" experience and more…join the fun!" said Tina Trevino, Latin Biz Today partner, Director Community Relations
Get your tickets at Eventbrite here while they are still available!
- Be entertained by Latin Recording Artist and bandleader Tito Puente Jr
- Learn more about golf & get tips from Spook Rock Golf Course host, PGA Golf Professional Jim McCann
- Be inspired by entrepreneur Dr. Juan Salinas "Shark Tank®" winner and enjoy his P'Nuff, tasty and healthy snack foods.
- Meet Latin Biz Today's Tina Trevino who'll share her "Tina Makes Golf Her Thing" campaign.
- Network with business thought leaders and other small business owners.
- Enjoy local food, Corona Extra® and Corona Light® Beers
- Additional surprises, giveaways, samples, vendors, and Latino business owners…Be part of the Latin Biz Today Work, Life & Culture!
Time & Date: Friday, June 10, 6 PM
Where: Spook Rock Golf Course, 233 Spook Rock Road, Suffern, NY 10901
Get Tickets while they last! Use this special event promotion code COACH9073 for $10 off and automatically become a Latin Biz Today Insider member! The Event is selling out. Get your tickets at Eventbrite here while available. Join us rain or shine Friday evening on the lawn at Spook Rock Golf Course (or in the "chalet" with views of the golf course in case of inclement weather).
We appreciate our sponsor's support:
Platinum- Spook Rock Golf Course & the PGA of America
Gold- Constellation Brands: Corona beer and Corona Seltzer
Silver- P'nuff healthy snack foods, SBDC of New York, Hart and Vida Partners, "From the Bronx" & The Bronx Beer Hall
Spook Rock Golf Course is award-winning 150 acres, par 72 Spook Rock Golf Course is located at 233 Spook Rock Road in the Village of Montebello in the Town of Ramapo. Spook Rock Road derived its name from Native American lore and the course followed suit with its intriguing name as well. Designed and constructed by Frank Duane, the course opened the front nine in 1969 and the full eighteen in 1970. It is situated on the former site of Kane's Open, the first Boy Scout Camp in the United States.
Website Twitter Instagram and Facebook
The PGA of America is one of the world's largest sports organizations, composed of nearly 28,000 PGA Professionals who work daily to grow interest and inclusion in the game of golf. For more information about the PGA of America, visit PGA.com and follow us on Twitter, Instagram and Facebook.
Latin Business Today, LLC is a national multi-platform blending a focus on work-life-culture lifestyle with high level expertise rooted in the trusted advisor legacy of mentorship and success of Dr. Les "Coach" Fernandez. Latin Business Today serves as a resource for the Latino business community which seeks to address actual challenges with real solutions. Currently over 200 of the a "best and brightest" team of experts and exemplary mentors-contributors along with a nationally recognized advisory board find solutions for today's rapidly changing market with a Latinx nuance. Visit: Latin Business Today on Latin Biz Today Insider Facebook Instagram LinkedIn Twitter
View original content to download multimedia:
SOURCE Latin Business Today, LLC | https://www.kxii.com/prnewswire/2022/06/08/tickets-almost-sold-out-join-tito-puente-jr-shark-tank-winner-amp-pga-pro-jim-mccann-our-tgif-latin-biz-today-event/ | 2022-06-08T18:13:56Z |
A 14-year-old boy who was stabbed during a fight inside a subway station on Saturday has died, according to the New York Police Department.
Officers responding to a 911 call found the boy on a train platform in a north Harlem subway station with a stab wound to the abdomen, police said in a statement. Preliminary investigations indicate "a fight or dispute began on the street and continued into the train station where an altercation occurred," said Jason Wilcox, the chief of transit for the NYPD.
The teen was transported to a hospital, Wilcox said, where he was pronounced dead approximately half an hour later. Crime scene investigators recovered a knife and what appears to be a broomstick from the scene, he said.
Surveillance footage from the MTA provided images of people who were at the scene, and investigators released descriptions of possible suspects to responding officers. One man who matched some of the description and was bleeding from his back and abdomen was taken into custody, authorities said.
Police are going through video from the scene and talking to witnesses. There are no other suspects being sought, Wilcox said, who urged people with information to come forward.
"At this time, we do not believe this was a random attack," Wilcox said. "It is believed that the individuals involved are known to each other."
Officials have placed an increased focus on resident safety and law enforcement response at subways amid an uptick in city crime, including a mass shooting at a Brooklyn subway station in April.
The city has recorded a nearly 38% increase in major crimes this year through July 3 compared to the same period in 2021, according to statistics released by the NYPD. Historically, such crime rates are still lower now than in past decades like the 1980s and 1990s.
Man fatally shot after threatening authorities, police say
In an unrelated incident on Saturday, a man allegedly called police, identified himself and made threats against the governor, some elected officials and members of the NYPD, authorities said.
During the phone call, the man said he'd "blow the head off of the first police officers that he saw," according to Jeffrey B. Maddrey, NYPD chief of patrol. The man then made a second phone call to an NYPD precinct in Queens and reiterated the same thing, Maddrey said.
Members of the NYPD's 113 precinct in Queens sent uniformed officers and marked vehicles to respond to an area near "the address in question," Maddrey said.
At the home, a man came out and one of the officers called him by his name, Maddrey said. The man confirmed that he was the caller and began cursing at the officers. He did not listen to their commands asking him to take his hands out of his pockets, police said.
There was a short verbal exchange before the man brandished a firearm and pointed it at police, Maddrey said. The man fired several rounds and "at least six" officers fired their guns in return, he said.
Officers subdued the injured man and began life-saving measures, taking him to a hospital where he was pronounced dead, Maddrey said.
Multiple police officers were also taken to the hospital and treated for various injuries, including tinnitus and high blood pressure, Maddrey said. The scene is still under investigation.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/a-14-year-old-is-fatally-stabbed-at-a-train-station-in-new-york-authorities/article_d38bacc6-aac4-5257-b357-0d3beaec617a.html | 2022-07-10T08:58:40Z |
Rising Demand for Effective, Automated Threat Prevention Fuels Increased Customer Adoption and Growth in Strategic Partner Ecosystem
WASHINGTON, June 21, 2022 /PRNewswire/ -- Trinity Cyber, Inc., a technology start up that redefined the network security gold standard last year, today announced strong business momentum and increased customer adoption of its revolutionary, technology-enabled service as organizations across sectors seek better methods of defeating cyber threats and reducing the strain on their security teams. New customers of Trinity Cyber's service include federal agencies, state and local government entities, universities, and large enterprises in the utility, financial, energy, transportation, and biotech industries.
In addition to rapid customer adoption across multiple industries, Trinity Cyber has achieved a 35% increase in partner growth, launched a second service line, and deployed its services into joint product offerings and OEM partner solutions across its strategic partner ecosystem. Trinity Cyber is protecting its customers and powering the results behind other growing security providers. Company President Tom Bossert said, "it's gratifying to see the partner-centric model we carefully curated pay off."
Customers leveraging Trinity Cyber's technology gain superior results and realize up to 50% reduction in incident response workload with less strain on existing staff. These improvements will only increase as this new approach gains more traction. Trinity Cyber's game changing technology delivers immediate results and persistently identifies and defeats attacks missed by all other network security companies. The Trinity Cyber team is modifying multi-stage, command and control (C2) attacks, malicious JavaScript, and remote code exploits within session traffic so users are protected, business operations are not interrupted, false positives go away, and security teams can refocus on their priorities. Case studies of how Trinity Cyber's technology defeats Redline Infostealer attacks, and many others, are here.
Enterprise customers are choosing Trinity Cyber for the depth, context and accuracy of its technology and for the access they get to Trinity Cyber's world-class team of threat analysts, operators, advanced threat hunters, and reverse engineers who operate the technology for the customer as-a-service. The Trinity Cyber Engine is the first technology that can inspect full session Internet traffic (not packets) and modify it to remove exploits, malware and C2 so quickly and accurately that it runs inline and bi-directionally at line rate. This approach allows Trinity Cyber's team to get specific, not relying on static indicators of compromise. This generates a near-zero False Detection Rate and delivers industry-leading results in detection and mitigation. Trinity Cyber delivers its advanced automated preventive control technology as a managed service, utilizing Trinity Cyber's experts to operate and maintain it on the customer's behalf and with their risk preferences on a 24/7/365 basis.
According to the latest Deep Instinct survey, "the job of defending against increasingly advanced threats on a daily and hourly basis is causing more problems than ever as 46% of respondents felt their stress had measurably increased over the last 12 months. These increased stress levels have led cybersecurity professionals to consider leaving the industry altogether, joining in the "Great Resignation," rather than moving to a new cybersecurity role at a new employer." Company President Tom Bossert said, "The old technologies and approaches, in whatever new marketing wrapper they want, are not working—and security experts know it. Trinity Cyber is growing because we invented a solution to both problems; better security and reduced workload on the customer. We have the first new breakthrough in network security in over a decade. The growing adoption and demand we are seeing for our technology-enabled service is a testament to the power of our revolutionary approach and our team's relentless focus on execution."
Trinity Cyber, Inc. is a US-based corporation that invents and operates technology to solve the most difficult cyber security challenges. The company's products and services range across several multi-billion dollar market segments. The company's founders, management team, and technologists are all award-winning, recognized leaders in their field.
View original content:
SOURCE Trinity Cyber | https://www.mysuncoast.com/prnewswire/2022/06/21/trinity-cyber-achieves-strong-business-momentum-market-seeks-better-more-automated-threat-prevention/ | 2022-06-21T13:27:57Z |
Planet Smoothie is Fighting Childhood Cancer One Cup at a Time
SCOTTSDALE, Ariz., Sept. 1, 2022 /PRNewswire/ -- Planet Smoothie® (www.PlanetSmoothie.com) is partnering with Alex's Lemonade Stand Foundation during National Childhood Cancer Awareness Month. Throughout the month of September, when customers purchase a Lunar Lemonade smoothie (20oz or larger) at any Planet Smoothie location or online at planetsmoothie.com, Planet Smoothie will be donating $1 to Alex's Lemonade Stand Foundation. Additionally, guests may choose to support the cause by making a monetary donation during checkout.
Alex's Lemonade Stand Foundation (ALSF) is changing the lives of children with cancer by funding impactful research, raising awareness, supporting families, and empowering everyone to help cure childhood cancer.
"Planet Smoothie is honored to become one of Alex's Lemonade Stand Foundation corporate partners" said Nicole Butcher, director of marketing for Kahala Brands™, parent company of Planet Smoothie. "When we learned about the history and mission of Alex's Lemonade Stand Foundation, we were deeply moved, and we knew that we wanted to become a supportive ally. We're proud to be able to join the foundation and thousands of families across the globe in the fight against pediatric cancer. Looking forward to a successful month of fundraising, we are hopeful that these contributions will bring us closer to finding a cure for all children with cancer."
"We are so grateful to Planet Smoothie for supporting our core mission during National Childhood Cancer Awareness Month and beyond," said Liz Scott, Alex's mom and Co-Executive Director of Alex's Lemonade Stand Foundation. "This generous partnership gives us the ability to help fund critical research and treatments and change the lives of children and their families looking for a cure."
About Planet Smoothie
Planet Smoothie®, intent on redefining the smoothie category, is among the country's top smoothie concepts. The brand appeals to a demographic of loyal, active and occasion-driven customers who want to live a healthier lifestyle. Planet Smoothie offers smoothies made with real fruit that are lower calorie, lower sugar, and higher protein options, giving customers a quick, portable snack or meal replacement. The brand's menu is organized into lifestyle categories to assist customers in finding the smoothie that helps them to achieve their personal goals, including protein, energy, and Planet Lite™ categories. The Planet Smoothie brand operates approximately 150 locations in over 25 states. In 2015, Planet Smoothie was acquired by Scottsdale, Arizona-based Kahala Brands™, one of the fastest growing franchising companies in the world with a portfolio of nearly 30 fast-casual and quick-service restaurant brands with approximately 3,000 locations in 35 countries. For more information visit www.PlanetSmoothie.com.
About Alex's Lemonade Stand Foundation
Alex's Lemonade Stand Foundation (ALSF) emerged from the front yard lemonade stand of 4-year-old Alexandra "Alex" Scott, who was fighting cancer and wanted to raise money to find cures for all children with cancer. Her spirit and determination inspired others to support her cause, and when she passed away at the age of 8, she had raised $1 million. Since then, the Foundation bearing her name has evolved into a national fundraising movement. Today, ALSF is one of the leading funders of pediatric cancer research in the U.S. and Canada raising more than $250 million so far, funding over 1,000 research projects and providing programs to families affected by childhood cancer. For more information, visit AlexsLemonade.org.
View original content to download multimedia:
SOURCE Planet Smoothie | https://www.mysuncoast.com/prnewswire/2022/09/01/planet-smoothie-supports-alexs-lemonade-stand-foundation-during-national-childhood-cancer-awareness-month/ | 2022-09-01T21:38:22Z |
LOS ANGELES, Sept. 8, 2022 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Enochian Biosciences, Inc. ("Enochian" or the "Company") (NASDAQ: ENOB).
Class Period: January 17, 2018 – June 27, 2022
Lead Plaintiff Deadline: September 26, 2022
If you are a shareholder who suffered a loss, click here to participate.
The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors: (1) that co-founder and inventor Gumrukcu was engaged in a variety of frauds; (2) that Gumrukcu was not a licensed doctor anywhere in the world; (3) that, as a result of the foregoing, Gumrukcu's purported contributions to the Company lacked a reasonable basis; (4) that, as a result of the foregoing, the Company had overstated its commercial prospects; (5) that Gumrukcu had improperly diverted approximately $20 million from Enochian to entities he owned; and (6) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View original content:
SOURCE The Law Offices of Frank R. Cruz, Los Angeles | https://www.wibw.com/prnewswire/2022/09/08/enob-investors-have-opportunity-lead-enochian-biosciences-inc-securities-fraud-lawsuit/ | 2022-09-08T15:39:15Z |
- Actress, model and mother joins the world's largest cleft-focused organization, Smile Train, as a Global Ambassador
- Elizabeth will help raise awareness of Smile Train and clefts around the world, with a particular focus on her home country, the United Kingdom (UK)
- Elizabeth is planning to visit Smile Train programs in India in 2023 to see the impact first-hand and meet with local partner surgeons, cleft patients and their families who've benefited from Smile Train's support
NEW YORK, May 25, 2022 /PRNewswire/ -- Smile Train, the world's largest cleft-focused organization, is delighted to announce that international celebrity Elizabeth Hurley, known for her work as an actress, model, businesswoman, and philanthropist, has become a Smile Train Global Ambassador and will lend her support to raise the profile of Smile Train around the world, with a particular focus on her home country, the UK.
Through her role as ambassador, Elizabeth will use her global platform to raise awareness of clefts while using her voice to shine the spotlight on Smile Train's programs and initiatives around the world. Elizabeth is planning to visit Smile Train programs in India in 2023 to meet with the organization's local partner surgeons, cleft patients and their families who've benefited from Smile Train's support.
Elizabeth Hurley commented: "It's an honor and a privilege to become the Global Ambassador for Smile Train and help change the world one smile at a time. Every three minutes, somewhere in the world another baby is born struggling to breathe, speak or eat due to a cleft.
"Smile Train has achieved so much in 23 years, helping more than 1.5 million cleft-affected children. Hundreds of thousands of children and adults worldwide do not have access to the lifesaving surgery and other comprehensive cleft care they so desperately need. Smile Train works to fill that gap. I am very much looking forward to meeting the children and families whose lives have been transformed by Smile Train, hearing their stories, and speaking out on their behalf."
Susannah Schaefer, President and Chief Executive Officer of Smile Train, said: "We are thrilled to have Elizabeth bring her strong voice and support to our Smile Train family. Through her charity work, Elizabeth has shown that providing a voice to the most vulnerable is critical to touching more lives across the world. Every three minutes, another baby is born struggling to eat, breathe, hear, and speak due to a cleft. By spreading awareness about clefts and shining a spotlight on the powerful and inspiring stories of our cleft-affected community, Elizabeth will help every child with a cleft smile their brightest."
A cleft is the most common facial difference globally, affecting around 1 in 700 babies. It is recommended that cleft surgery is carried out within the first 12 months of a baby's life (ACPA). However, hundreds of thousands of children living in resource-poor communities worldwide do not have access to the lifesaving cleft treatment they desperately need.
Smile Train's sustainable model empowers local medical professionals with training, funding, and resources to provide free cleft surgery and comprehensive cleft care to children globally. Since 1999, Smile Train has supported safe and quality cleft care for 1.5+ million children and will continue to do so until every person in need with a cleft has access to the care they deserve.
To learn more about Smile Train's global efforts and to make a donation, please visit SmileTrain.org. Follow Smile Train on Twitter and Instagram @SmileTrain and like us on Facebook at Facebook.com/SmileTrain.
About Smile Train
Smile Train empowers local medical professionals with training, funding, and resources to provide free cleft surgery and comprehensive cleft care to children globally. We advance a sustainable solution and scalable global health model for cleft treatment, drastically improving children's lives, including their ability to eat, breathe, speak, and ultimately thrive. To learn more about how Smile Train's sustainable approach means donations have both an immediate and long-term impact, please visit smiletrain.org.
About Elizabeth Hurley
Elizabeth has been acting in movies and TV shows for over 30 years; her favorites include Austin Powers, Gossip Girl, Bedazzled and Marvel's Runaways. She starred in E's The Royals, playing the Queen of England for four seasons. Following on from Netflix's 'Father Christmas is Back', which premiered in December 2021, she is currently filming the sequel 'Father Christmas is Back Again' with Kelsey Grammar and Billy Ray Cyrus. Elizabeth recently completed the romantic comedy 'Christmas in the Caribbean' and the supernatural thriller 'The Piper' – both of which will be released in 2022.
Elizabeth Hurley is in her 26th year of representing the Estee Lauder Companies, making hers one of the world's longest running beauty contracts. She is the Global Ambassador for the Estee Lauder Companies Breast Cancer Campaign and has toured the world raising funds and awareness for The Breast Cancer Research Foundation. She was honored by the Foundation and awarded the BCRF Humanitarian Award for her fund-raising efforts. Two research scientists at the Royal Marsden hospital in the UK have grants in her name. Estee Lauder has named several pink lipsticks after her.
Elizabeth's producing credits include the movies Extreme Measures for Sony and Micky Blue Eyes for Warner Bros.
Elizabeth owns and runs her eponymous beachwear line Elizabeth Hurley Beach.
Elizabeth lives in England with her son and an assortment of animals.
View original content to download multimedia:
SOURCE Smile Train | https://www.mysuncoast.com/prnewswire/2022/05/25/elizabeth-hurley-announced-global-ambassador-smile-train-worlds-largest-cleft-focused-organization/ | 2022-05-25T16:05:18Z |
NEW YORK, Aug. 11, 2022 /PRNewswire/ -- LifeLabs Learning, the source for instantly useful manager and team upskilling programs, is demystifying the secret to surviving and thriving in times of uncertainty. This month they launched their three-part Great Managers Playbook and will host their Skills to Thrive in Uncertain Times: Real stories from real managers virtual community event, which will be held later in the month.
Having studied over 400,000 managers, LifeLabs Learning is taking a research-backed and data-driven approach to helping managers catalyze high performance on their teams. Their Manager CORE training is designed to help teams gain the most critical management skills to meet increasingly complex workplace demands. Organizations that invest in adequately skilling up their leaders can better combat the harsh reality that bad management costs companies in the U.S. between $960 billion and $1.2 trillion per year and $7 trillion -- or 9% to 10% of the world's GDP globally every year.
"We want to dispel the myth that experience equates to effectiveness when it comes to good management. Leading people requires a specific set of learned skills. The good news is that these skills are teachable!" said LifeLabs Learning CEO, Priscila Bala. "Our work over the last eight years has taught us that in even the most uncertain times, the best managers don't manage people. They manage the conditions that create and amplify success - conditions like role metrics, useful feedback, and aligned priorities."
In addition to their Manager CORE program and Great Managers Playbook series, LifeLabs' is offering HR, POPs, and L&D leaders the chance to gain useful learnings from a panel conversation with some of their client's managers. The community event will take place virtually on August 23, 2022, and will share how these leaders apply the skills and tools they've learned to catalyze high performance on their teams.
LifeLabs Learning is the source for instantly useful, delightfully unusual, science-backed management, team, and executive training programs. We teach skills to build passionate and high-performing teams faster.
Our focus is on tipping point skills — the small changes that lead to big impact. We make these skills stick by helping organizations shape their culture and systems.
Some of our clients include Venmo, BlackRock, Kaiser Permanente, Andreessen Horowitz, Yale, Glossier, and Lyft.
LifeLabs Learning. A better way to work.
View original content to download multimedia:
SOURCE LifeLabs Learning | https://www.kxii.com/prnewswire/2022/08/11/lifelabs-learning-is-helping-organizations-navigate-current-work-uncertainty-by-skilling-up-their-most-important-investments-managers/ | 2022-08-11T21:23:37Z |
DETROIT (AP) — Tesla billionaire Elon Musk has put his plan to buy Twitter on temporary hold, raising fresh doubts about whether he’ll proceed with the $44 billion acquisition.
Musk tweeted early Friday that he wanted to pinpoint the number of spam and fake accounts on the social media platform. He has been vocal about his desire to clean up Twitter’s problem with “spam bots” that mimic real people, and he appeared to question whether Twitter was underreporting them.
But the company has disclosed in regulatory filings that its bot estimates might be low for at least two years, leading some analysts to believe that Musk could be raising the issue as a reason to back out of the purchase.
“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk tweeted Friday morning, indicating he’s skeptical that the number of inauthentic accounts is that low.
On Friday, Musk subsequently tweeted that he’s “still committed to acquisition.” Neither Twitter nor Musk responded Friday to requests for comment. Musk has conducted a long flirtation with Twitter that culminated in an April deal to acquire the social platform.
The problem of fake accounts on Twitter is not a secret.
In its quarterly filing with the U.S. Securities and Exchange Commission, Twitter itself expressed doubts that its count of bot accounts was correct, conceding that the estimate may be low. “In making this determination, we applied significant judgment, so our estimation of false or spam accounts may not accurately represent the actual number of such accounts, and the actual number of false or spam accounts could be higher than we have estimated,” the filing says.
A review of Twitter filings with the SEC shows that the company’s estimate of spam bot accounts and similar language expressing uncertainty about it have been in Twitter’s quarterly and annual reports for at least two years, well before Musk made his offer.
Sara Silver, a professor of business journalism and financial communication at Quinnipiac University, said it appears Musk is using the number of spam accounts as a pretext to pull out of the deal.
“To claim that this is the reason that he’s putting the deal on pause, it’s not credible,” Silver said. “This is not a new issue for him. It’s not just entering his consciousness now.”
Stock in both Twitter and Tesla swung sharply in opposite directions Friday afternoon, with Twitter’s stock falling nearly 9% and shares of Tesla, which Musk had proposed using to help fund the Twitter deal, rising about 8%.
But shares of Tesla, which Musk has been selling to fund some of the acquisition of Twitter, have tumbled since it was revealed the social platform had become a Musk target.
Tesla shares have lost a quarter of their value in the last month, and have fallen from about $1,150 in early April when Musk confirmed he had taken a huge stake in Twitter, to $785.25 Friday.
“It’s become much more expensive for him to buy this company using his Tesla shares,” Silver said.
Musk’s net worth, estimated by Forbes earlier this week at $240 billion, has fallen to $223 billion as of Friday.
Tesla shares may have benefitted from Twitter bot accounts over the years as well. A University of Maryland researcher recently concluded that such bots have been used to generate hundreds of thousands of positive tweets about Tesla, potentially buoying its stock in years when it was under pressure.
Neither Tesla nor its supporters have taken responsibility for those bots.
Investors assessing the deal have had to weigh Musk’s legal troubles and the possibility that acquiring Twitter could be a distraction from running the world’s most valuable automaker. The proposed deal continued to pressure shares of Tesla, which had already fallen 16% this week.
Musk has already sold off more than $8 billion worth of his Tesla shares to help finance the Twitter purchase.
Originally Musk had committed to borrowing $12.5 billion with Tesla stock as collateral to buy Twitter. He also would borrow $13 billion from banks and put up $21 billion in Tesla equity.
Last week, Musk strengthened the offer for Twitter with commitments of more than $7 billion from a diverse group of investors including Silicon Valley heavy hitters like Oracle co-founder Larry Ellison.
Money from the new investors cuts the amount borrowed on the value of Tesla stock to $6.25 billion, according to the filing. The Tesla equity share could go from $21 billion to $27.25 billion.
Wedbush analyst Dan Ives, who follows both Tesla and Twitter, said Musk’s “bizarre” tweet will lead Wall Street to either think the deal is likely falling apart, Musk is attempting to negotiate a lower price, or he is simply walking away by paying a $1 billion penalty.
“Many will view this as Musk using this Twitter filing/spam accounts as a way to get out of this deal in a vastly changing market,” Ives wrote.
He added that Musk’s use of Twitter rather than a financial filing to make the announcement was troubling and “sends this whole deal into a circus show with many questions and no concrete answers as to the path of this deal going forward.”
Using Twitter to make a major announcement that moved the share prices of two companies could be problematic for Musk. Under a 2018 securities fraud settlement with the SEC, Musk has to get approval from a Tesla lawyer before tweeting anything that could influence the company’s share price. It wasn’t clear whether Musk got such approval for his 5:44 a.m. EDT tweet Friday announcing suspension of the Twitter deal.
The SEC already has issued subpoenas to Tesla and Musk over a tweet from last fall asking followers if he should sell Tesla stock. A court filing says Musk didn’t get the required pre-approval.
Last month, a federal judge in New Yorkrejected Musk’s attempt to throw out the settlementon grounds that he signed it under duress and that it violates his right to free speech. The judge also upheld the Musk subpoena.
The dispute stemmed from an October 2018 agreement with the SEC that Musk signed. He and Tesla each agreed to pay $20 million in civil fines over Musk’s tweets about having the “funding secured” to take Tesla private at $420 per share. But the funding was not lined up and Tesla remains a public company.
On Thursday, Twitter fired two of its top managers. Twitter said the company is pausing most hiring, except for critical roles, and is “pulling back on non-labor costs to ensure we are being responsible and efficient.”
In a memo sent to employees and confirmed by Twitter, CEO Parag Agrawal said the company has not hit growth and revenue milestones after the company began to invest “aggressively” to expand its user base and revenue.
____
Chan reported from London. AP Business Writer Michelle Chapman in New York contributed to this report. | https://cw33.com/technology/ap-technology/elon-musk-says-twitter-deal-temporarily-on-hold/ | 2022-05-13T17:45:03Z |
New dispensary expands patient access to medical cannabis; grand opening specials available
TALLAHASSEE, Fla., June 16, 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 opening of a new medical dispensary in New Port Richey, Fla. Located at 5422 US Hwy 19, the doors will open at 9 a.m. on Thursday, June 16, 2022.
Grand opening festivities throughout the day at the new dispensary will include numerous partner giveaways, music, food trucks, deals and specials, and all registered patients will receive a 25% discount. Trulieve also offers statewide home delivery, convenient online ordering and in-store pickup. As always, all first-time guests are eligible for a 50% new customer discount at any Florida-based location.
"Trulieve is proud to expand access to medical marijuana for Florida's patient population," said Trulieve's Chief Executive Officer Kim Rivers, "Trulieve is committed to investing in communities where we operate, as well as offering patients access to high quality products and providing exceptional customer experiences."
As the state's leading medical cannabis provider, Trulieve's retail employees are trained to provide personalized patient care and support individuals at every stage of their cannabis journeys. Trulieve dispensaries throughout Florida offer on-site consultations to help patients obtain appropriate medical products and dosages to ensure optimal cannabis experiences.
Trulieve patients across Florida can choose from the largest selection of THC and CBD products available in a variety of consumption methods, including smokable flower, concentrates, edibles, capsules, syringes, tinctures, topical creams, vaporizers, and more.
Designed to meet every patient's needs, our portfolio of in-house brands include Alchemy, Co2lors, Cultivar Collection, Momenta, Muse, Roll One, Sweet Talk and Modern Flower. Patients also have access to beloved brands such as Bellamy Brothers, Bhang, Binske, Blue River, Black Tuna, DeLisioso, Love's Oven, O.pen and Sunshine Cannabis, all available exclusively at Trulieve in Florida.
For more information, or to learn how to become a registered patient, please visit Trulieve.com and connect on Instagram or Facebook.
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
View original content to download multimedia:
SOURCE Trulieve Cannabis Corp. | https://www.wibw.com/prnewswire/2022/06/16/trulieve-opening-new-port-richey-fl-medical-marijuana-dispensary/ | 2022-06-16T12:53:30Z |
NEW YORK (AP) — A once-prominent neurologist convicted last month of sexually abusing patients killed himself Monday at a New York City jail, two people familiar with the matter said.
Dr. Ricardo Cruciani, 68, was found unresponsive in a shower area at the Eric M. Taylor Center, a jail at the notorious Rikers Island complex, the people said. They were not authorized to speak publicly and did so on condition of anonymity.
Cruciani’s lawyer, Frederick Sosinsky, confirmed in a statement that his client had died, but not the manner of death.
“Ricardo’s attorneys and family are shocked and saddened beyond belief to have learned of his violent death while in city custody this morning,” he said.
Prosecutors said Cruciani groomed vulnerable patients by overprescribing painkillers, sometimes to treat serious injuries from car wrecks and other accidents.
Six women testified the sexual abuse often occurred behind closed doors during appointments in 2013 at a Manhattan medical center, where the doctor would expose himself and demand sex.
“I take comfort knowing he now faces another judge,” said Terrie Phoenix, who testified against Cruciani at trial.
He was also scheduled to go on trial next January on federal charges accusing him of abusing multiple patients over 15 years at his offices in New York City, Philadelphia and Hopewell, New Jersey.
Cruciani denied abusing women. In court, his lawyer questioned the credibility of his accusers.
Sosinsky called for “an immediate and objective investigation” into the circumstances of his death, including whether jail officials complied with a court order at the time of his conviction to place him in protective custody and under suicide watch.
“Neither of these conditions were, to our knowledge, ever complied with,” Sosinsky said. “Had they been, we would not be having this terrible discussion.”
Benny Boscio, president of the correctional officers’ union, said high-profile inmates are typically placed on suicide watch and monitored by an additional officer when they first enter the jail.
“The fact that this inmate wasn’t put under suicide watch raises serious questions. Our officers were not responsible for this tragic incident, which was clearly a managerial failure,” he said.
Cruciani died while awaiting sentencing next month in a New York state case in which he was convicted of 12 counts, including predatory sexual assault, rape and sex abuse, and acquitted on two other counts. He faced up to life in prison.
Cruciani’s act “was in no way a sign of remorse or guilt,” said Hillary Tullin, who also testified and who helped fuel the case by calling a sexual abuse hotline in 2017. “He simply could not stand facing the rest of his life behind bars.”
Tullin called it a “sad day for all of his victims who will never get to have finality and never have the chance to address the defendant to tell him directly how his crimes greatly impacted their lives.”
Jeffrey Fritz, who represents 30 women who say they were victimized by Cruciani, including Phoenix and Tullin, said many of his clients “feel cheated of criminal justice.”
The Associated Press does not typically identify people who say they are survivors of sexual assault unless they grant permission, which Phoenix and Tullin have done.
The fire department said it responded to a call of an unconscious inmate at the jail around 5:50 a.m. Paramedics attempted to resuscitate him but were unable, and he was pronounced dead at the scene, the department said.
The city’s Department of Correction, which runs Rikers Island, confirmed that an inmate at the Eric M. Taylor Center died Monday, but did not release his name, citing pending family notification. The cause of death is under investigation, the department said.
Jails commissioner Louis Molina said in a statement he was “deeply saddened” to learn of the inmate’s death, and promised “a preliminary internal review to determine the circumstances surrounding his death.”
Cruciani is at least the 11th person to die in a city jail this year. Last year, 16 people died in city jails — the most since 2013.
The Daily News was first to report Cruciani’s death.
A message seeking comment was left with the Manhattan district attorney’s office, which prosecuted the case that ended in his July 29 conviction.
Cruciani was out on bail during the trial but was sent to Rikers Island after the verdict.
The complex, troubled by years of neglect, has spiraled into turmoil since the start of the coronavirus pandemic, with a spike in inmate deaths, violence, self-harm and staff absences. The city has said it will close Rikers Island by 2027, replacing it with four smaller jails located elsewhere.
__
Rubinkam reported from northeastern Pennsylvania. __
On Twitter, follow Michael Sisak at twitter.com/mikesisak and Michael Rubinkam at twitter.com/michaelrubinkam | https://cw33.com/news/u-s-news/ap-us-headlines/doctor-who-sexually-abused-patients-kills-himself-in-jail/ | 2022-08-16T00:49:47Z |
A last chance for Lionel Messi and Cristiano Ronaldo. Kylian Mbappé back on the biggest stage of all. Brazil bidding for a record-extending sixth title.
One of the most eagerly anticipated World Cups in memory — as much for off-the-field reasons as those on it — is just around the corner in Qatar and excitement is building after the qualification period was wrapped.
Thirty-two teams, 64 matches, 28 days. The first World Cup in the Middle East.
The tournament starts on Nov. 21 and the final is set for Dec. 18.
Here’s a few things to watch when the tournament gets going in the smallest country ever to host a World Cup:
TOP TEAMS
Brazil (No. 1 in FIFA ranking). Neymar, Vinícius Júnior and the rest of the flair-filled Selecao are peaking at the right time. Is a first World Cup title since 2002 on the horizon?
Belgium (No. 2). The “Golden Generation” is gradually breaking up but there’s still Kevin De Bruyne leading the Belgian charge.
Argentina (No. 3). No World Cup title since the days of the great Diego Maradona. This will be the first World Cup since his death in November 2020 and Argentina is improving, with Messi still at its core.
France (No. 4). The defending champions. Still the country with the most depth to its squad. Now with Mbappé AND Karim Benzema leading the attack. No team has retained its World Cup title since Brazil in 1962.
England (No. 5). Semifinalist at the World Cup in 2018, finalist at the European Championship in 2021. Soccer’s most underperforming national team is trending in the right direction.
BIG STARS
Lionel Messi, Argentina. The seven-time world player of the year might have been saving his 35-year-old legs for one last push at a World Cup winner’s medal that, to many, would solidify him as soccer’s greatest player.
Cristiano Ronaldo, Portugal. He has won the European Championship but the leading scorer in men’s international soccer hasn’t played in a World Cup final, let alone won one. He’s 37 years old now — make the most of him while you can.
Kylian Mbappé, France. The star of the last World Cup at the age of 19 and he is only getting better. The speedy striker could match Brazil great Pelé in being a champion at his first two World Cups.
Kevin De Bruyne, Belgium. Widely regarded as the world’s best midfielder, his driving runs are among the best sights in soccer. Belgium just has to hope he arrives healthy.
Neymar, Brazil. Increasingly overshadowed by Mbappé and Messi at Paris Saint-Germain, still the main man for Brazil. Watch out for tricks and flicks, and some histrionics, too.
HOW IT WORKS
Get ready for a feast of soccer. There are eight groups of four teams, with the top two advancing to the 16-team knockout stage.
There will be four games back-to-back per day — yes, four! — for each of the first two sets of group games, then simultaneous kickoffs for the last two games in each group.
There’ll be no break for the knockout stage, which begins the day after the group stage ends. The first day without soccer comes on Dec. 7 — the 17th day of competition.
MUST-SEE GAMES
Senegal vs. Netherlands, Nov. 21. The first match of the tournament and always a date to save on the calendar. With Sadio Mané and Virgil van Dijk on the field, it’s an interesting one, too.
Argentina vs. Mexico, Nov. 26. The first of the big continental rivalries in the group stage, with Messi potentially sealing his and Argentina’s spot in the last 16.
Spain vs. Germany, Nov. 27. Surely there can’t have been many bigger group-stage matches than this at a World Cup? Two recent champions, two giants of European and world soccer.
Iran vs. United States, Nov. 29. It has been labeled as “ The Mother of All Games Part II.” Just like at the World Cup in 1998, the two countries will meet in the group stage in a politically charged matchup. Diplomatic relations have yet to be restored between the nations since being severed in 1980.
Ghana vs. Uruguay, Dec. 2. Anyone remember the night of July 2, 2010? In the last minute of extra time in a World Cup quarterfinal match between Uruguay and Ghana, Luis Suarez deliberately stopped the ball with his hand on the goalline, got sent off, only for Ghana to miss the penalty and lose in a shootout as Suarez celebrated on the sideline. Revenge would be sweet for Ghana.
UPCOMING FRIENDLIES
With this World Cup taking place in the middle of many countries’ domestic seasons, there will not be the usual pre-tournament build-up of friendlies.
Indeed, for the European countries, the Nations League qualifiers taking place from Sept. 22-27 will represent the teams’ final matches before the World Cup.
Among the big games are Italy vs. England (Sept. 23), Netherlands vs. Belgium (Sept. 25), England vs. Germany (Sept. 26), and Portugal vs. Spain (Sept. 27).
The United States will play Japan on Sept. 23 and Saudi Arabia on Sept. 27, with both friendlies taking place in Europe.
___
More AP soccer: https://apnews.com/hub/soccer and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/viewers-guide-for-this-years-world-cup-in-qatar/ | 2022-08-09T10:34:09Z |
Direct Positive, a short film featuring the women of TEMPO, to show at the San Francisco Documentary Festival
MILWAUKEE, May 11, 2022 /PRNewswire/ -- Full-service advertising agency Bader Rutter's short film Direct Positive has been accepted for screening at this year's San Francisco Documentary Festival. Direct Positive, which premiered at the Milwaukee Film Festival in late April, is the result of a partnership between Milwaukee-based agency Bader Rutter and TEMPO, a membership organization dedicated to furthering the impact of women leaders in the Milwaukee area.
"Now, more than ever, it's so important that a diverse group of women have a seat at the table wherever important decisions are being made," said Sarah Kmet-Hunt, executive creative director, Bader Rutter, and co-director of Direct Positive. "So it's thrilling and gratifying to see these stories being shared to a broader audience with our inclusion in the San Francisco Documentary Festival."
The project began with TEMPO members sitting for portraits with Milwaukee-based tintype photographer Margaret Muza. But what the 120-year-old camera revealed was far deeper than anyone expected.
Over two days of portraits and intense interviews, the women of TEMPO shared their challenges, inspirations, stumbles and victories. Muza's images show the beauty and power of each woman without filters, Photoshop or assumptions. At the same time, the women reveal the beauty and power of their own unfiltered stories.
A team of women from Bader Rutter wove those stories together to create Direct Positive. The result is an honest and raw look at how female leadership has changed the workplace and the world for the better — and how much progress still needs to be made.
"At TEMPO, we like to say that 'the world moves when women rise.' Direct Positive features a chorus of strong women's voices sharing how they've risen above all obstacles to move the world toward a better future for all," said Jen Dirks, president and CEO, TEMPO. "We're thrilled that both the Milwaukee Film Festival and San Francisco Documentary Festival gave this film, and these women, a larger platform from which to share their stories."
The first woman to open a bank in Wisconsin. A Black woman changing the face of Milwaukee marketing. A trailblazing lawyer who stepped away from Big Law. These women and others reveal what it takes to lead in their careers and in our communities — and why it's so important for more women to lead today.
"My hope is that viewers take these stories to heart. Let's all embrace the fact that our world still has work to do to support women and to empower the women to stop trying to fit other's molds and to own their truths," Kmet-Hunt said. "That, to me, is the kind of world all women deserve and the kind of world we should create for the women after us."
You can learn more about these powerful stories and arrange a screening of Direct Positive here: https://baderrutter.com/tempo-direct-positive.
Media: Click here for downloadable video and images.
About Bader Rutter
Bader Rutter is a full-service advertising and marketing agency with offices in Milwaukee and Chicago. It is both the largest agricultural marketing agency and the leading B2B marcom agency in the country. With close to 245 full-time employees in 13 states, Bader Rutter offers a full array of advertising, digital and social media, public relations, business consulting, and branding and design capabilities. The employee-owned agency's expertise includes core work in agriculture, the food production system, pet care and animal health, manufacturing, insurance and financial services.
About TEMPO
TEMPO is the largest professional women's group in Wisconsin, composed of nearly 800 members representing diverse industries, functions and companies from throughout the Milwaukee area and Southeastern Wisconsin. TEMPO serves its membership of executive, senior, C-level and Emerging Women Leaders through educational programming and professional development, networking opportunities, relationship building and mentoring, with the goal of empowering women to achieve and sustain leadership roles. Learn more at https://www.tempomilwaukee.org/.
View original content to download multimedia:
SOURCE Bader Rutter & Associates | https://www.wibw.com/prnewswire/2022/05/11/bringing-unfiltered-stories-milwaukee-women-leaders-screens-nationwide/ | 2022-05-11T21:36:15Z |
BEIJING, May 19, 2022 /PRNewswire/ -- Citing outstanding product performance, PV Evolution Labs ("PVEL") recognized JA Solar as a "Top Performer" for the seventh time in its recently released 2022 PVEL PV Module Reliability Scorecard. PVEL is a leading solar module reliability and performance testing laboratory.
PVEL ranks PV module manufacturers based on Product Qualification Program (PQP) testing over an 18-month period. PQP encompasses tests and analysis on thermal cycling (TC600), damp heat (DH2000), mechanical stress sequence (MSS), potential-induced degradation (PID192), light-induced degradation (LID), light and elevated temperature-induced degradation (LeTID), and more.
Compared to most standardized tests, PQP is more rigorous in terms of both testing conditions and sequences. Consequently, the results obtained are more detailed and significant for practical module application scenarios. PQP results provide solar project developers, investors and asset owners with independent, consistent reliability and performance data for reliable PV product choice and effective supplier management.
The seventh "Top Performer" designation demonstrates JA Solar's continuous innovation in products and technology. According to data from a one-year (February 2021-February 2022) energy yield test jointly conducted by JA Solar and TUV Nord, the power generation per watt of JA Solar DeepBlue 3.0 module is about 1.6% higher than that of the super-large current modules.
By prioritizing R&D for PV products and their various applications, JA Solar shows its commitment to promoting the development and application of high-efficiency PV technology. By providing high-quality products to customers worldwide, JA Solar gained recognition in the industry and has been awarded the "Top Brand PV" seals from EUPD Research in Europe, MENA, Chile, Mexico, Australia, and Vietnam.
View original content:
SOURCE JA Solar Technology Co., Ltd. | https://www.mysuncoast.com/prnewswire/2022/05/19/ja-solar-achieves-seventh-consecutive-top-performer-rank-2022-pvel-pv-module-reliability-scorecard/ | 2022-05-19T12:33:29Z |
A three-person team of University of Georgia undergraduates from both the Terry College of Business and the College of Agricultural and Environmental Sciences claimed the top prize in an annual competition that challenged students to design the ideal campus workspace.
ATHENS — The Summer Design Sprint was sponsored by the College of Family and Consumer Sciences, Terry College of Business and the UGA Entrepreneurship Program in partnership with Cox Enterprises.
A design sprint encourages students to practice human-centered design methods to create an innovative solution to a complex problem with the help of industry partners, Dee Warmath, a faculty member in FACS, said.
“It was wonderful to see these students engage with the human-centered design process to produce very thoughtful solutions to improving the workspace and classroom experiences,” Warmath said. “Every time we give our students the opportunity, they exceed our expectations.”
Following a six-week program in which the teams worked closely with industry partners on designing the project, the students presented their ideas to a panel of judges on Aug. 15 at UGA’s Delta Innovation Hub.
Four teams of three students competed in the final event.
The team of Sejal Khanna and Shourya Seth from the Terry College of Business and Conner Dunahoo from CAES took first place and a $1,500 prize for their project, MINT (mutualism, integration, nonlinearity and thoughtfulness).
MINT envisioned an industry partner creating a course offering students real-world experience, an internship and potentially an offer of full-time employment.
The judges said they were impressed by the potential impact of the idea and how it would address the needs of students, the university and industry partners.
“While we were all from different majors, different backgrounds and did not have too much in common at first, we realized we were all passionate about heightening university-student-corporation relationships,” Khanna, a management information systems major in the Terry College of Business, said. “Together, we believed that students would greatly benefit from a program that was based on catering to different learning styles, providing work experience and focusing on relevant, up-to-date techniques and technologies.”
Cox Enterprise representatives who also served as judges were Brian Anderson, senior director of Enterprise, Human-Centered Design; Amy Lin, senior manager, Human-Centered Design and User Experience; and Amit Vyas, vice president, Team Member Experience.
Andrew Potter, the director of Experiential Learning at UGA, and Don Chambers, an associate director of UGA Entrepreneurship, also served as judges.
The second-place team of Milan Richard (School of Social Work), Catalina Giang (Franklin College of Arts and Sciences) and Maggie Wang (Terry College of Business) took home a $750 prize for their Study Space Hub app idea that would allow students to quickly find their own personalized study space.
The team of Joyce Anne Shepherd and Shweta Sainathan from the Terry College of Business and Shanne Low from the University of Wisconsin placed third and claimed a $250 prize for their project, LiveLearning, a platform for students to connect with professionals via a university-sponsored entity.
“I was really impressed with the level of rigor of the research conducted considering the short timeline for the project,” Anderson said. “The teams didn’t propose just one solution, and I liked the flexibility of options presented, ranging from a low-tech approach that could be implemented almost right away to more sophisticated options that you can plan budget and resources to make happen.”
The design sprint was funded by a gift from Cox Enterprises and facilitated by Camryn Cobb, a doctoral student in FACS.
“It was wonderful partnering with Cox and giving the students an opportunity to share their ideas in a professional setting,” Cobb said. “This design sprint allowed us all to share ideas and make new connections, which is crucial to the college experience.”
Keep it Clean. Please avoid obscene, vulgar, lewd,
racist or sexually-oriented language. PLEASE TURN OFF YOUR CAPS LOCK. Don't Threaten. Threats of harming another
person will not be tolerated. Be Truthful. Don't knowingly lie about anyone
or anything. Be Nice. No racism, sexism or any sort of -ism
that is degrading to another person. Be Proactive. Use the 'Report' link on
each comment to let us know of abusive posts. Share with Us. We'd love to hear eyewitness
accounts, the history behind an article. | https://www.albanyherald.com/news/design-sprint-challenges-students-to-use-creative-thinking-to-solve-problems/article_1574fba8-2a4a-11ed-8c08-ef3cef5d35de.html | 2022-09-06T12:37:52Z |
NEW YORK, July 14, 2022 /PRNewswire/ -- Datadog, Inc. (NASDAQ:DDOG), the monitoring and security platform for cloud applications, today announced that it will report its second quarter fiscal year 2022 financial results before the U.S. financial markets open on Thursday, August 4, 2022.
In conjunction with this announcement, Datadog will host a conference call on Thursday, August 4, 2022 at 8:00 a.m. Eastern Time to discuss the Company's financial results and financial guidance. To access this call, dial 1-866-374-5140 (domestic) or 1-404-400-0571 (international). The conference passcode is 70803954. A live webcast of this conference call will be available on the "Investor Relations" page of the Company's website (investors.datadoghq.com), and a replay will be archived on the website.
About Datadog
Datadog is the monitoring and security platform for cloud applications. Our SaaS platform integrates and automates infrastructure monitoring, application performance monitoring and log management to provide unified, real-time observability of our customers' entire technology stack. Datadog is used by organizations of all sizes and across a wide range of industries to enable digital transformation and cloud migration, drive collaboration among development, operations, security and business teams, accelerate time to market for applications, reduce time to problem resolution, secure applications and infrastructure, understand user behavior and track key business metrics.
Contact Information
Yuka Broderick
Datadog Investor Relations
IR@datadoghq.com
Dan Haggerty
Datadog Public Relations
Press@datadoghq.com
View original content to download multimedia:
SOURCE Datadog, Inc. | https://www.wibw.com/prnewswire/2022/07/14/datadog-announces-date-second-quarter-fiscal-year-2022-earnings-call/ | 2022-07-14T20:40:29Z |
Baby formula shortage spurs action from Congress
By Daniella Diaz, CNN
A nationwide shortage of baby formula has spurred a response from several House committees in an effort to figure out what’s caused the issue and how the government can ease the problems causing the shortages.
Two House committees announced this week they are looking into the issue, with a spokesperson telling CNN that the House Committee on Oversight and Reform on Friday morning sent letters to four separate companies that produce baby formula requesting information about the supply chain issues.
Additionally, a House Energy and Commerce Committee spokesperson announced a hearing on baby formula for May 25 and told CNN they plan to call representatives from the Food and Drug Administration and Abbott, a major baby formula producer, to testify.
American stores have had a hard time keeping baby formula in stock for months due to a recall, inflation and supply chain problems. Manufacturers have said they are producing at full capacity, but it’s not enough to keep up with demand. While this has become a bipartisan issue on Capitol Hill, lawmakers are pointing fingers at different parties for the issue, with Democrats blaming the companies and Republicans blaming the Biden administration and FDA.
House Speaker Nancy Pelosi said Congress needs to address the baby formula shortage in America “right now” in a news conference Thursday.
“Right now, the baby’s crying, the baby’s hungry, we need to address it right now,” Pelosi told reporters. “And I think we have good focus on it. And we’ll see what the President has to say. And we have our proposals as well.”
Meanwhile, Senate Minority Leader Mitch McConnell blasted the administration on the Senate floor Thursday for its handling of the formula shortage, calling it an “outrageous, unacceptable situation” that has been “unfolding in slow motion over several months.”
He added: “Much of it stems from a recall that resulted in a plant being shut down, but it seems that while President Biden’s administration and the FDA knew all about this problem as it developed, they have been asleep at the switch in terms of getting production back online,” McConnell continued, adding, “The administration has got to be more proactive and forward-leaning.”
He was referencing the contamination of formula from Abbott Nutrition that may have sickened four babies. Two died after consuming powdered formula manufactured by the company’s facility in Sturgis, Michigan, earlier this year.
The FDA recalled three brands of powdered baby formulas made by the company due to potential bacterial infections, including salmonella. The agency advised parents not to buy or use certain batches of Similac, Alimentum and EleCare powdered infant formulas, all Abbott brands.
Abbott said on Wednesday that it could restart production at the Michigan facility, pending FDA approval, within two weeks. Formula from the shuttered plant could be on shelves six to eight weeks after that.
On Thursday, the FDA told CNN that the agency is “doing everything in its power” to make sure there is enough formula available for people who need it, adding that they recognize “that many consumers have been unable to access infant formula and critical medical foods they are accustomed to using and are frustrated by their inability to do so.”
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/politics/cnn-us-politics/2022/05/13/baby-formula-shortage-spurs-action-from-congress/ | 2022-05-13T14:47:17Z |
In a conversation for Hoda Kotb's "Making Space" podcast, Kim Kardashian explained that she'd been single for about 10 months before she was ready to date again.
In a conversation for Hoda Kotb's "Making Space" podcast, Kardashian explained that she'd been single for about 10 months before she was ready to date again.
"I think that, you know, sometimes things happen when you just least expect it. It was the last thing that I was really planning on," she said, "And so when it did happen, we were kind of, like, 'Oh, my God, I wasn't planning on this. And this isn't even what I was thinking of,' and it just makes it that much sweeter and so much more fun."
In February 2021, Kardashian filed for divorce from Kanye West.
Kardashian and Davidson appeared in a "Saturday Night Live" sketch together last fall where they shared a kiss. They became Instagram official in March.
"I definitely took my time," Kardashian said. "I took, you know, 10 months or something before I dated or talked to anyone. And I just wanted that time to really figure out and go through the motions: 'Am I making the right decision? How do I feel about this?' So once I went through all of the motions, I finally was, like, 'OK, guys, I am so ready to meet someone.' And I randomly did."
Despite their very public relationship. Kardashian says she is keeping some aspects of her time with Davidson private.
"I do think that I am holding, you know, a little bit more close to my heart on certain aspects of my relationship with Pete, and it feels good just to know that, like, we have this connection and we have our little bubble of a relationship world that we live in that, like, not a lot of people know about," she said.
For now, Kardashian said just being with Davidson puts a smile on her face.
"We were driving in the car yesterday and I just, like, looked at him and I was like, 'Thank you.' And he was like, 'What?' And I was like, 'For running errands with me, like, this is so much fun just to, like, go to a doctor's appointment or go to the dentist and just, like, run errands. I'm having so much fun.'"
Keep it Clean. Please avoid obscene, vulgar, lewd,
racist or sexually-oriented language. PLEASE TURN OFF YOUR CAPS LOCK. Don't Threaten. Threats of harming another
person will not be tolerated. Be Truthful. Don't knowingly lie about anyone
or anything. Be Nice. No racism, sexism or any sort of -ism
that is degrading to another person. Be Proactive. Use the 'Report' link on
each comment to let us know of abusive posts. Share with Us. We'd love to hear eyewitness
accounts, the history behind an article. | https://www.albanyherald.com/entertainment/kim-kardashian-wasnt-planning-on-a-relationship-with-pete-davidson/article_33583f12-13b8-5a91-b6cf-09f654bd825e.html | 2022-04-12T17:22:12Z |
NEW YORK, July 27, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Digital Turbine, Inc..
Shareholders who purchased shares of APPS during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/digital-turbine-inc-loss-submission-form/?id=30241&from=4
CLASS PERIOD: August 9, 2021 to May 17, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company's recent acquisitions, AdColony and Fyber, act as agents in certain of their respective product lines; (2) as a result, revenues for those product lines must be reported net of license fees and revenue share, rather than on a gross basis; (3) the Company's internal control over financial reporting as to revenue recognition was deficient; and (4) as a result of the foregoing, the Company's net revenues was overstated throughout fiscal 2022; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
DEADLINE: August 5, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/digital-turbine-inc-loss-submission-form/?id=30241&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of APPS during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is August 5, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content:
SOURCE The Gross Law Firm | https://www.wibw.com/prnewswire/2022/07/27/shareholder-alert-gross-law-firm-notifies-shareholders-digital-turbine-inc-class-action-lawsuit-lead-plaintiff-deadline-august-5-2022-nasdaq-apps/ | 2022-07-27T11:01:50Z |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.