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 |
|---|---|---|
Florida health department advises against gender-affirming care for youth
By Alta Spells and Jen Christensen, CNN
The Florida Department of Health is advising against any gender-affirming care for children and adolescents in new guidelines that are contrary to direction from major medical associations and federal health officials.
According to the guidance, released Wednesday, children who identify as transgender or gender diverse shouldn’t be offered social transition care — the process in which a child or adolescent adopts a name, gender pronouns and clothing that match their gender identity — nor should they be offered puberty blockers, hormone therapy or gender reassignment surgery.
Gender reassignment surgery is a treatment not generally offered to children.
These guidelines do not apply to children “born with a genetically or biochemically verifiable disorder of sex development (DSD),” the department said. And despite its stance on gender-affirming care, the department encouraged “social support by peers and family” as well as counseling from a licensed provider.
The guidance on gender-affirming care comes as some states, including Texas and Alabama, have moved to restrict transgender youth health care rights. It also follows information released by the US Department of Health and Human Services in support of gender-affirming care for young people. The federal guidance has been available online since at least March.
Gender-affirming care is a supportive form of healthcare that consists of “medical, surgical, mental health, and non-medical services for transgender and nonbinary people,” according to HHS.
Major medical associations — including the American Medical Association, the American Psychiatric Association, the American Academy of Pediatrics and the American Academy of Child & Adolescent Psychiatry — also agree that gender-affirming care is clinically appropriate for children and adults and can be life-saving.
The state health department, led by Florida Surgeon General Joseph Ladapo, said its guidance was issued to “clarify evidence” contained in the federal government’s fact sheet. The agency went on to highlight a “lack of conclusive evidence, and the potential for long-term, irreversible effects” as driving factors for issuing the guidelines.
“The federal government’s medical establishment releasing guidance failing at the most basic level of academic rigor shows that this was never about health care,” said Ladapo in a news release. “It was about injecting political ideology into the health of our children. Children experiencing gender dysphoria should be supported by family and seek counseling, not pushed into an irreversible decision before they reach 18,” he said.
In recent months, Ladapo has faced notable controversy for his stances on Covid-19 vaccination and masking. Last month, under his advisement, Florida became the first state to break from the US Centers for Disease Control and Prevention’s recommendations that everyone aged 5 and older receive the Covid-19 vaccine. The health department instead issued guidance advising against vaccinating healthy children.
The ACLU called the state health department’s move “a desperate effort to sow lies and fear about transgender youth, their parents, and their health care,” in a Wednesday Twitter post. “Trans youth know who they are. We’re ready to do everything in our power to defend the fundamental rights of trans youth and their families.”
“The Florida Department of Health’s guidance is in direct opposition to the best practices of every major medical organization in the country. The demonization of life-saving, medically-necessary healthcare for transgender youth is dangerous and wrong,” the ACLU tweeted Wednesday.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/health/cnn-health/2022/04/20/florida-health-department-advises-against-gender-affirming-care-for-youth-2/ | 2022-04-21T05:44:57Z |
‘This is nuts’: Massive hammerhead shark caught off East Coast
HILTON HEAD ISLAND, S.C. (WTOC/Gray News) - A massive hammerhead shark was caught off the coast of South Carolina.
It likely would’ve set records, but the crew that caught the apex predator decided to release it back into the water, according to WTOC.
Charter fisherman Chip Michalove said the dorsal fin of the creature was as big as his leg.
“It was like, ‘Oh my gosh, we’ve got a killer whale or a hammerhead on, this is nuts,’” he said.
For the fisherman, the second time was the charm.
“We saw this fish actually the day before, and I couldn’t get her to eat,” Michalove said.
So, he went back out to the same spot a day later, looking for the giant.
“I had some customers in from Virginia that were really really experienced and I knew that black tips or any type of mackerel, they weren’t going to be impressed with that,” he said.
Once they caught it, which Michalove said felt like hooking a submarine, the hammerhead dragged the boat for four miles. When they finally corralled it, the records were an afterthought.
“I love these sharks, they’ve given me a great life,” Michalove said. “If it wasn’t for them I don’t know where I’d be, so if I can do something to help them I’m happy to do it.”
Michalove catches sharks year round, but this experience hooked him deep.
“It’s just one of those things that take you a couple of days to recover from,” he said.
Michalove tagged the shark and hopes to see it again now that he’s back to normal operations.
“I mean, this is a fish that’s probably cycled through this area for probably 20 or 30 years so there’s a pretty decent chance she’ll be back,” he said.
Copyright 2022 WTOC via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/07/20/this-is-nuts-massive-hammerhead-shark-caught-off-east-coast/ | 2022-07-20T01:00:45Z |
Brendan Fraser celebrated for comeback role in ‘The Whale’
VENICE, Italy (AP) — Brendan Fraser is having a moment at the Venice International Film Festival.
The once ubiquitous movie star of “The Mummy” franchise and “George of the Jungle” had, in the last decade, backed away from the spotlight. But Fraser is charting what could be a major comeback starting with his transformative role in Darren Aronofsky’s “The Whale,” which had its world premiere Sunday night at the festival.
As the credits rolled in the Sala Grande theater, the audience gave the film a long standing ovation while Fraser, on the balcony alongside his director and co-stars, wiped tears away.
Fraser plays Charlie, a reclusive English teacher with a kind soul who weighs 600 pounds (270 kilograms). While the film already has pundits predicting Oscar nominations, Fraser is trying not to think about whether awards are in his future.
“I’m just trying to stay in today,” Fraser said before the premiere.
Aronofsky has been trying to make “The Whale” for about 10 years. He vividly remembers reading The New York Times review of Samuel D. Hunter’s play, going out to see it, and knowing he had to meet the writer.
One line in particular stuck out to him: “People are incapable of not caring.” It’s why, he said, he had to make the film.
But casting presented a challenge.
“To a lot of Sam Hunter’s pain, it took me 10 years to make this movie and that’s because it took me 10 years to cast,” Aronofsky said. “Casting Charlie was a huge challenge. I considered everyone. Every single movie star on the planet. But none of it really clicked. ... It didn’t move me. It didn’t feel right.”
Then, a few years ago, he saw a trailer for “a low-budget Brazilian movie” with Fraser and “a lightbulb went off,” he said.
Fraser, who also has a role alongside Leonardo DiCaprio in Martin Scorsese’s next film, “Killers of the Flower Moon,” said he doesn’t “know an actor in my peer group worth his weight in salt who wouldn’t want to work with Darren.”
Plus: “By far and away I think Charlie is the most heroic man I have ever played,” Fraser added. “His superpower is to see the good in others and bring that out of them.”
Prosthetics were used to transform Fraser into Charlie, who rarely leaves his couch.
“I needed to learn to absolutely move in a new way. I developed muscles I did not know that I had. I even felt a sense of vertigo at the end of the day when all the appliances were removed, as you would feel stepping off of a boat in Venice,” Fraser said. “It gave me an appreciation for those with bodies similar. ... I learned that you need to be an incredibly strong person, physically, mentally, to inhabit that body.”
Beyond his physicality, Charlie is also a character with profound empathy and love for everyone around him, including his estranged daughter, Ellie, played by “Stranger Things” star Sadie Sink.
“She’s got a lot of things to say so she comes in hot. But I think what she’s not expecting is someone who cares so much about her,” Sink said. “For someone like Charlie to see that there’s good in someone like Ellie, it’s throwing her for a loop.”
Hunter, who also wrote the screenplay, said his play is personal. He started it 12 years ago when he was teaching a mandatory expository writing course at Rutgers University that no one wanted to take and everyone resented. He also pulled from his own background, setting the play in his hometown of Moscow, Idaho, and weaving in his history of being depressed, self-medicating with food and going to a fundamentalist religious high school as a gay teenager.
“I was afraid to write it,” he said. “I thought the only way I can do it is if I write it from a profoundly place of love and empathy. ... I wanted (Charlie) to be a lighthouse in the middle of a dark, dark sea.”
“The Whale” was Aronofsky’s favorite kind of challenge — in that it had so many limitations. He learned long ago on 1998′s “Pi” that boundaries are “your gateway to freedom.” On that film, he only had $20,000 and a dream. In “Mother!” he was limited to a house. And, in “The Whale,” it’s not just a single apartment, it’s also a character who doesn’t move much.
He and cinematographer Matthew Libatique, whose friendship stretches back to their days at the American Film Institute in 1990, spent quite a bit of time talking about “how to turn theater into cinema” and “how to make that engaging and exciting.” In the rough cut, Aronofsky said he was relieved to find that it didn’t feel claustrophobic.
Fraser added that the film is “a piece of cinema. Proper cinema.”
Venice is a regular stop for Aronofsky, who in 2008 won the Golden Lion for “The Wrestler” and also debuted “Black Swan” and “The Fountain” on the Lido. He said the festival is like home.
Aronofsky and his actors could be poised to leave with trophies in hand this year, too. “The Whale” is part of the official competition of the festival, which will be decided on by a Julianne Moore-led jury on Sept. 10. And A24 plans to release it in theaters on Dec. 9. But he’s mostly just glad to be back with his first film since 2017′s “Mother!”
“The last few years, so many of us have lost so much. ... Cinema is about human connection. It’s about the chance to slide into someone else’s shoes and have two hours of empathy in someone else’s mind. I think that’s exactly what the world needs. I’m just so happy to be back,” Aronofsky said. “It’s a big moment for me and, I think, for cinema.”
___
Follow AP Film Writer Lindsey Bahr on Twitter: www.twitter.com/ldbahr
___
For more on the Venice Film Festival, visit: www.apnews.com/VeniceFilmFestival
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/09/05/brendan-fraser-celebrated-comeback-role-whale/ | 2022-09-05T18:38:26Z |
Published: Jul. 21, 2022 at 6:45 AM CDT|Updated: 1 hour ago
Earnings per diluted share of $2.93
Operating revenue up 14%
Operating income up 1%
OMAHA, Neb., July 21, 2022 /PRNewswire/ -- Union Pacific Corporation (NYSE: UNP) today reported 2022 second quarter net income of $1.8 billion, or $2.93 per diluted share. This compares to 2021 second quarter net income of $1.8 billion, or $2.72 per diluted share.
"As anticipated, the Second Quarter was a tough one as we limited carloadings and increased expenses to recover network fluidity," said Lance Fritz, Union Pacific chairman, president, and chief executive officer. "We also experienced record high fuel prices and increasing inflation, adding pressure to our total costs. Offsetting the cost pressures were higher fuel surcharge revenue, solid core pricing, a positive mix, and continued train size initiatives. The result was operating revenue and income growth. Our network fluidity improved through the quarter, and we are positioned to grow volumes in the back half of 2022 while continuing to improve our service product."
Financial Results: Topline Growth Produces Quarterly Records for Operating Revenue, Operating Income, Net Income, and Earnings Per Share Second Quarter 2022 Compared to Second Quarter 2021
Operating revenue of $6.3 billion was up 14% driven by higher fuel surcharge revenue, core pricing gains, and a positive business mix, offset slightly by volume declines.
Business volumes, as measured by total revenue carloads, were down 1%.
Union Pacific's 60.2% operating ratio deteriorated by 510 basis points. Higher fuel prices negatively impacted the operating ratio 130 basis points.
Operating income of $2.5 billion was up 1%.
The company repurchased 3.1 million shares in second quarter 2022 at an aggregate cost of $722 million.
Operating Performance: Service and Efficiency Measures Lag as Network Recovery Continues Second Quarter 2022 Compared to Second Quarter 2021
Quarterly freight car velocity of 187 daily miles per car, a 12% decline.
Quarterly locomotive productivity was 123 gross ton-miles (GTMs) per horsepower day, a 12% decline.
Average maximum train length was flat at 9,439 feet.
Quarterly workforce productivity was 1,034 car miles per employee, a 2% decline.
Fuel consumption rate of 1.076, measured in gallons of fuel per thousand GTMs, was flat.
Union Pacific's first half reportable personal injury rate improved to 0.93 per 200,000 employee-hours compared to 0.95 for first half 2021.
2022 Guidance: First Half 2022 Results Challenge Previous Full Year Volume and Operating Ratio Targets
Updated
Stronger second half volumes should produce full year carload growth of 4% to 5%
Full year operating ratio around 58%
Second half operating ratio improvement vs. 2021
Second half incremental margins around 50%
Affirmed
Pricing gains in excess of inflation dollars
Capital spending of $3.3 billion
Long term dividend payout target of 45% of earnings
Share repurchases in line with 2021
Second Quarter 2022 Earnings Conference Call
Union Pacific will webcast its second quarter 2022 earnings release presentation live at www.up.com/investor and via teleconference on Thursday, July 21, 2022, at 8:45 a.m. Eastern Time. Participants may join the conference call by dialing 877-407-8293 (or for international participants, 201-689-8349).
ABOUT UNION PACIFIC
Union Pacific (NYSE: UNP) delivers the goods families and businesses use every day with safe, reliable, and efficient service. Operating in 23 western states, the company connects its customers and communities to the global economy. Trains are the most environmentally responsible way to move freight, helping Union Pacific protect future generations. More information about Union Pacific is available at www.up.com.
This news release and related materials contain statements about the Company's future that are not statements of historical fact, including specifically the statements regarding the Company's expectations with respect to economic conditions and demand levels, its ability to improve network performance (including those in response to increased traffic), its results of operations, and potential impacts of the COVID-19 pandemic and the Russian-Ukraine conflict. These statements are, or will be, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements also generally include, without limitation, information, or statements regarding: projections, predictions, expectations, estimates, or forecasts as to the Company's and its subsidiaries' business, financial, and operational results, and future economic performance; and management's beliefs, expectations, goals, and objectives and other similar expressions concerning matters that are not historical facts.
Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times that, or by which, such performance or results will be achieved. Forward-looking information, including expectations regarding operational and financial improvements and the Company's future performance or results are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statement. Important factors, including risk factors, could affect the Company's and its subsidiaries' future results and could cause those results or other outcomes to differ materially from those expressed or implied in the forward-looking statements. Information regarding risk factors and other cautionary information are available in the Company's Annual Report on Form 10-K for 2021, which was filed with the SEC on February 4, 2022. The Company updates information regarding risk factors if circumstances require such updates in its periodic reports on Form 10-Q and its subsequent Annual Reports on Form 10-K (or such other reports that may be filed with the SEC).
Forward-looking statements speak only as of, and are based only upon information available on, the date the statements were made. The Company assumes no obligation to update forward-looking information to reflect actual results, changes in assumptions, or changes in other factors affecting forward-looking information. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References to our website are provided for convenience and, therefore, information on or available through the website is not, and should not be deemed to be, incorporated by reference herein.
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/2022/07/21/union-pacific-reports-second-quarter-2022-results/ | 2022-07-21T12:59:05Z |
Tuesday forecast: Rain all day, flooding possible
On and off rain showers continue tonight through Thursday morning
TOPEKA, Kan. (WIBW) - It’s going to be raining all day with rain starting to wind down from south to north after 4pm.
After today’s rainfall, where many spots will be receiving 1-2″, the rain chances continue through Thursday morning but the rain won’t be as widespread or heavy as today. This means there may be more opportunities for dry conditions. Hazards remain the risk of flooding with lightning a possibility as well but the t-storm threat is low. When it’s all said and done, 1.5″-3.5″ is what most areas will end up with this week.
With rain in the forecast the next couple days, temperatures will remain steady for the majority of the daytime hours. Mid 50s to mid 60s will be the general range of temperatures during the day and at night through Thursday morning.
Today: Rain all day, heavy at times. Temperatures remain steady for much of the day in the mid-upper 50s and as the rain starts to wind down late this afternoon, temperatures may warm up in the low 60s. Winds E 10-20, gusts up to 25 mph.
Tonight: The rain chance will be more hit and miss with many spots dry for the majority of the night. Lows in the mid 50s. WInds E/NW 5-15 mph.
Tomorrow: Scattered rain in the morning, becoming more isolated in the afternoon. Highs in the upper 50s to mid 60s. Winds NW/W 5-15 mph.
There still may be a few more spotty showers Wednesday night into Thursday morning with decreasing clouds from west to east on Thursday. This could lead to a wide range in highs from mid-upper 60s east of HWY 75 with mid-upper 70s out toward central KS. It is worth noting that IF clouds linger longer it’ll likely be in the 60s everywhere including the potential for low 60s for highs.
70s and 80s are likely starting Friday and lasting into the holiday weekend although 90s are possible on Memorial Day, Monday. Models have backed off on rain chances until late Tuesday into Tuesday night which means the holiday weekend may end up being dry. This will be monitored as the rain will be just up to the north and any shift in the storm system could mean a rain chance for northeast KS.
Taking Action:
- Rain is likely today: Give yourself plenty of time on the roads, slow down, make sure your headlights are on and monitor any flooded roads. Turn Around Don’t Drown.
- Rain continues tomorrow with the highest chance of scattered to widespread rain in the morning, several spots may end up being dry in the afternoon as the rain chance becomes more isolated across northeast Kansas.
- Other than a brief light rain shower Thursday, it should be dry most of Thursday. Looking ahead to the weekend, it’ll be hot and dry and the humidity does come up as well especially for Sunday and Monday.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/05/24/tuesday-forecast-rain-all-day/ | 2022-05-24T10:12:16Z |
SAN FRANCISCO, June 28, 2022 /PRNewswire/ -- Tredence Inc., a global Data Science and AI solutions provider, today announced that it has been named the Retail and CPG Partner of the Year by Databricks, the Data and AI company. This award was presented on June 27 at the Databricks Partner Summit, which took place during the company's annual Data + AI Summit in San Francisco.
The Databricks Partner of the Year Award recognizes elite Databricks partners delivering multi-cloud solutions that unlock and enhance enterprise AI maturity, assuring the highest digital transformation impact and ROI. Databricks recognized Tredence for the company's achievement in delivering a 94% NPS working with the world's leading Retailers and CPGs to drive the last-mile adoption of best-in-class AI/ML-led analytics. The Tredence and Databricks partnership advance enterprise AI innovation leveraging Tredence's AI/ML industry solutions delivered on Databricks Lakehouse and Delta Sharing technology accelerating time to value by ~50%.
With more than 900+ Retail and CPG data scientists and data engineers, the Tredence Databricks COE has delivered over 100+ Databricks projects helping enterprises accelerate the migration to the cloud and drive quantifiable ROI. Tredence's portfolio of 35+ AI/ML Databricks accelerators help retailers and CPGs unlock the power of their data and realize 70% faster time to value.
"We are thrilled to be recognized as Databricks' 2022 Retail & CPG Partner of the Year," said Shub Bhowmick, CEO & Founder, Tredence. "The award recognizes our commitment to helping Retailers & CPGs solve complex industry problems through scalable Data & AI solutions. Tredence's AI expertise coupled with Databricks' Lakehouse Platform enables enterprises to increase supply chain efficiency, improve price and promotion ROI, drive true personalization and turn enterprise data into a strategic asset."
"Tredence has demonstrated incredible agility, speed to market and time to value leveraging the power of the Databricks Lakehouse Platform, helping retailers solve critical pain points and uncover actionable insights from their data," said Rob Saker, Regional Vice President & Global Industry Lead, Retail & Manufacturing, Databricks. "We are delighted to recognize our partnership with Tredence that focuses on delivering rapid growth, scale & innovation on the lakehouse platform for our shared customers."
Many of the world's leading Retail and CPG customers turn to Tredence's Databricks CoE to leverage their Databricks Brickbuilder Solutions to power enterprise decision-making through AI-enabled insights. Retailers and CPGs tap into Tredence's expertise and partner with a team of Databricks certified engineers to support a modern lakehouse data foundation and leverage Databricks' Lakehouse for Retail. The Tredence solutions for Retailers and CPGs architect a robust data foundation in double quick time and unlock 10x returns.
Tredence high-impact Retail and CPG solutions include:
- On-Shelf Availability (OSA): reclaims missed sales with Al and out-of- stock modeling
- Customer Cosmos: enriches customer data and extracts deeper insights to drive true personalization
- Revenue Growth Management: helps sustain revenue growth across products, consumer channels, and geographies
- Sancus: provides trustworthy data with a holistic Al-driven data quality solution
- Supply Chain Control Tower (SCCT): provides real-time Supply Chain & Inventory visibility and optimization
- ML Works: helps deploy AI/ML models in real-time with an industrialized MLOps accelerator
Databricks certified and onboarded Tredence's solution accelerators, including On-shelf availability (OSA) and Sancus, as part of their Brickbuilder Solutions program. The Brickbuilder certification includes extensive validation by the Databricks industry and technical experts to ensure that joint clients accelerate time to value, drive a clear ROI and maximize the power of the Databricks Lakehouse Platform.
About Tredence Inc.
Tredence is a global data science solutions provider focused on solving the last mile problem in AI. The 'last mile' is the gap between insight creation and value realization. Headquartered in San Jose, the company embraces a vertical-first approach and an outcome-driven mindset to help clients win and accelerate value realization from their analytics investments. Tredence is 1,700-plus employees strong with offices in San Jose, Foster City, Chicago, London, Toronto and Bangalore, with the largest companies in retail, CPG, hi-tech, telecom, healthcare, travel and industrials as clients. For more information, please visit https://tredence.com and follow us on LinkedIn.
Logo: https://mma.prnewswire.com/media/1773052/Tredence_Logo.jpg
Photo: https://mma.prnewswire.com/media/1849343/Tredence_Retail_CPG_Partner_2022.jpg
View original content to download multimedia:
SOURCE Tredence Inc | https://www.mysuncoast.com/prnewswire/2022/06/28/tredence-wins-databricks-2022-retail-cpg-partner-year-award/ | 2022-06-28T15:15:05Z |
It’s Carb Day at the Indianapolis 500!
The annual celebration marks the Friday before the race. The tradition dates back to several years ago, when teams used it as their final chance to tune their carburetors before the 500
Carb Day provides the last chance for teams to practice at the Indianapolis Motor Speedway. Other events include the Pit Stop Challenge and the Miller Lite Carb Day Concert.
The events set the stage for today’s episode of Countdown to Indy. Chris Widlic and Dave Griffiths will break down the field of 33.
Our Alexa Ross will talk to driver Santino Ferrucci, who will start 15th in this year’s race.
The digital exclusive streams live at 12 p.m. ET. | https://cw33.com/sports/indy-500/countdown-to-indy-breaking-down-the-field-of-33-on-carb-day/ | 2022-05-27T16:46:21Z |
Sunday forecast: Hotter today with lots of sunshine
Brief cooldown for midweek
TOPEKA, Kan. (WIBW) - After a couple of days with high temperatures near average for this time of year, today will be noticeably warmer with highs in the low to mid 90s and heat index values near 100°. Lots of sunshine is expected with a south wind at 5 to 15 mph.
Temperatures should be similar on Monday with highs in the mid 90s and peak heat indices of 100-105° for much of northeast Kansas. However, areas near the Nebraska border could be a bit cooler with highs in the upper 80s as a cold front approaches from the north. There will be a few clouds throughout the day, and isolated thunderstorms may develop Monday evening, but most areas should stay dry.
After the cold front passes through, a brief return to more pleasant conditions is expected for the middle of the week with lower humidity and slightly cooler temperatures. Highs should be in the upper 80s to low 90s Tuesday and Wednesday.
The cooldown will be limited by the quick return of very hot temperatures by the end of the week. Highs are forecast to be in the mid to upper 90s next weekend, which may be the beginning of a multi-day stretch of extreme heat that continues through early next week.
Today: Sunny; hot. High 94. Winds S at 5 to 15 mph.
Tonight: Mostly clear. Low 70. Winds SE at 5 to 10 mph.
Monday: Mostly sunny; hot. High 95. Winds SW/ N at 5 to 15 mph.
Monday Night: An isolated shower or thunderstorm possible. Low 69. Chance of rain 30%.
Tuesday: Mostly sunny; less humid. High 87. Winds N at 5 to 10 mph.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/07/10/sunday-forecast-hotter-today-with-lots-sunshine/ | 2022-07-10T13:59:51Z |
INDIANAPOLIS, June 28, 2022 /PRNewswire/ -- The National Police Association ("NPA") has filed a motion for leave to participate in Ninth Circuit case of Estate of Daniel Hernandez, et al. v. City of Los Angeles, et al., Nos. 21-55994 & 21-55995, which raises important questions about police use of deadly force. The NPA has filed briefs amicus curiae across the country in support of rules of law that recognize and support the discretion of police officers to respond to the difficult and often life-threatening circumstances to which they are exposed in their line of duty.
In this case, after causing a serious multiple car accident, Mr. Hernandez confronted Officer Toni McBride of the Los Angeles Police Department with a box cutter in his hand, advancing on her and refusing repeated commands to drop the weapon. Mr. Hernandez' surviving relatives sued Officer McBride, the Los Angeles Police Department and the City of Los Angeles, alleging that Officer McBride violated Mr. Hernandez' constitutional rights by shooting him.
The National Police Association filed with its motion a comprehensive brief addressing the latest science concerning police decision making in complex and dangerous situations and how such research compels deference to officer decision making. Officer McBride arrived at a volatile scene that required her instantly to identify who was injured, assess the degree of those injuries for triage purposes, determine who or what might threaten injuries, and prioritize and get control of the threats.
Relevant research confirms that these circumstances, requiring complex "task switching," reduces efficiency, raises risk, slows reaction time—in a context where there is already a cognitive time gap between action and reaction of between 500 and 750 milliseconds. Extreme stress also causes changes in perception including narrowed peripheral vision, reduced depth perception and changes in the perception of time. Legal rules setting standards for officer behavior must take account of all these unavoidable human limitations.
Police officers like Officer McBride are required to make life and death decisions, subject to all of these limitations, in a matter of seconds. Officer McBride, though retreating as Mr. Hernandez advanced, was accused of firing too soon, and firing again after he got up again and appeared poised to sprint at her following the first two shots. Unlike a reviewing court, Officer McBride did not have the luxury of reviewing carefully documented evidence in a leisurely fashion.
The record, recorded on multiple video streams, also contains some indication that Mr. Hernandez was engaging in the phenomenon of "suicide by cop," in substance forcing Officer McBride to use deadly force upon him to defend herself and others. The NPA's brief presents relevant research on this circumstance as well.
In its brief, the NPA warns that it would be "contrary to the interests of law enforcement and social order generally to create a rule of constitutional law denying the use of deadly force against armed suspects advancing on police officers who refuse commands to drop the weapon." Police officers cannot effectively maintain control of violent offenders on the Nation's streets, and prevent further injury to the public if their only option available is to retreat until the suspects can somehow be controlled without the use of deadly force. That will not work for many offenders and poses an unreasonable risk to the lives of police officers and the public. The U.S. Constitution does not require such a result.
The National Police Association is represented by James L. Buchal of Murphy & Buchal LLP. The NPA's amicus can be viewed here: https://nationalpolice.org/main/wp-content/uploads/2022/06/Hernandez-v-McBride.pdf
The National Police Association (NPA) is a 501(c)3 Educational/Advocacy non-profit organization. For additional information visit www.nationalpolice.org.
View original content to download multimedia:
SOURCE National Police Association | https://www.mysuncoast.com/prnewswire/2022/06/28/national-police-association-asks-ninth-circuit-court-appeals-rule-favor-lapd-officer-justified-shooting/ | 2022-06-28T13:42:00Z |
Rangers rout Senators 5-1 to clinch playoff berth
By ALLAN KREDA
Associated Press
NEW YORK (AP) — Chris Kreider scored twice and Artemi Panarin added a goal and two assists as the New York Rangers routed the Ottawa Senators 5-1 to clinch their first postseason berth since 2017. Ryan Strome and Andrew Copp also had goals and Igor Shesterkin needed just 21 saves to thwart the Senators as the surging Rangers improved to 7-1-1 in their last nine and moved into a tie at 100 points with Carolina atop the Metropolitan Division. The Rangers have nine games left while the Hurricanes have 10. The teams meet Tuesday night in New York. | https://localnews8.com/sports/ap-national-sports/2022/04/09/rangers-rout-senators-5-1-to-clinch-playoff-berth/ | 2022-04-10T03:09:04Z |
RICHMOND, Va., May 31, 2022 /PRNewswire/ -- Babylon Micro-Farms, Inc., the leading manufacturer of automated indoor vertical farms, today announced the launch of its all-new Micro-Farm, the Galleri.
The Galleri Micro-Farm features an innovative easy-to-clean tray, a water temperature control system, a full-glass enclosure, and an improved sensor array. Together with the BabylonIQ automated growing system and companion mobile app, it is now easier than ever for customers to experience the art of growing food on-site sustainably.
"I'm excited to see our vision of making farming so simple, that it's within anyone's reach, come true," says Alexander Olesen, CEO & Co-Founder. "Whether you are a chef looking for year-round greens, a college student looking for healthy options, or a senior-living operator desiring engaging clean produce options, our users love the elegance and ease-of-use only a Babylon Micro-Farm can provide."
The Galleri is a sophisticated solution to on-site farming.
The Galleri farm delivers powerful tools at the customer's fingertips via the BabylonIQ system. The system automates the entire process of growing produce through a series of sensors, lights, air channels, nutrients, cameras, and irrigation to provide year-round harvesting opportunities to clients anywhere. The Galleri Micro-farm adds new algae mitigation and temperature controls to the existing array of technologies designed to monitor the health and vitality of the plants.
Customer satisfaction is key to the success of Babylon. According to Babylon, clients want an elegant public-facing farm that requires minimal cleaning time. Customers also want the most sustainable options available. The new Farm's anti-spill removable GrowServetm trays make it simple to harvest comfortably at a table and clean in a dishwasher. Their ingenious trays combine compostable grow mediums and clever material use resulting in a 55% reduction in plastics, 33% reduction in harvest and clean times, and 100% compostable harvest scraps.
Customer support is the secret to Babylon's success. Every customer has access to automated remote management, a digital support library, and real people for a full-service solution that is proactive instead of reactive. The app alerts them, along with step-by-step instructions and videos, when to plant, transplant, clean, and harvest. As part of the subscription service, each customer gets the BabylonBoxtm which includes seeds, nutrients, app access, and other supplies sent right before their next planting cycle.
Early reception has been phenomenal. Over 80 farms have been installed to date with hundreds more slated to be installed in the coming months across the US. Aramark, LinkedIn, Compass and Sodexo are some of Babylon's food-service industry partners.
"We love our Babylon Micro-Farm, our students love the knowledge that their food was grown just a few feet away," said Julia Danisewicz, RD Aramark/VCU. "As a dietician, it is exciting to see a university like VCU value sustainable, pesticide-free food choices for its students. I didn't have a green thumb before working with the farm, but it is so easy to use that now I feel like a pro."
Babylon Micro-Farms builds its farms in-house at its facility in the Scott's Addition neighborhood of Richmond, VA. Babylon has developed patented technology to power our indoor farms and farming service. Our service enables businesses and communities to have a year-round supply of ultra-fresh produce at the touch of a button. We have a significant impact on our customer base, which includes global leaders like Aramark, Compass, Sodexo, along with many schools, hospitals, and senior care facilities.
View original content to download multimedia:
SOURCE Babylon Micro-Farms | https://www.mysuncoast.com/prnewswire/2022/05/31/newest-indoor-vertical-farm-babylon-features-breakthrough-technologies-cloud-based-services-provide-unparalleled-produce/ | 2022-05-31T13:41:33Z |
KANSAS CITY, Mo. (AP) — Tony Gonsolin took a no-hit try into the seventh inning and the Los Angeles Dodgers won their 11th straight game, beating the Kansas City Royals 8-3 Friday night.
Gonsolin (14-1) tied Atlanta’s Kyle Wright for the NL wins lead. The Dodgers, with the best record in the majors, broke open the game on Trayce Thompson’s three-run homer in the eighth.
“Tony was good,” manager Dave Roberts said. “I think it helped that this was a very aggressive ballclub. They were aggressive in the zone.”
“I thought in the sixth or seventh inning he hit a wall. The slider started to get up there and he couldn’t get the split to have the depth. I felt he had enough,” he said.
Gonsolin did not allow a baserunner until issuing a one-out walk to Kyle Isbel in the sixth, when the game was still scoreless. He didn’t give up a hit until Vinnie Pasquantino’s one-out single in the seventh.
Overall, Gonsolin permitted two hits in 6 2/3 innings.
“It was pretty solid,” Gonsolin said. “I felt like I was throwing a lot of strikes early with everything, which was nice to see. They were swinging a lot, so I kept the pitch count down. I got some soft contact and the guys made some good plays.”
Josh Staumont (3-2) lost in relief, allowing five runs on four hits and a walk, without recording an out.
Royals starter Daniel Lynch gave up just two hits in five scoreless innings. A high pitch count was his undoing as he threw 105 and walked four.
Lynch escaped a bases-loaded, no-out jam in the fifth when he got Trea Turner to foul out, struck out Freddie Freeman and retired Will Smith on a flyball.
The Dodgers scored five times in the seventh after loading the bases with no outs on singles by pinch-hitter Gavin Lux and Thompson and a walk to Mookie Betts. Turner hit a two-run single, Freeman followed with an RBI double, and a wild pitch and Justin Turner’s sacrifice fly made it 5-0.
“I just felt with those guys there was no panic. Two innings later to have that same situation with those hitters, that’s an easy bet to take. Trea came through and opened up the floodgates,” he said.
Trea Turner was relieved to have made amends.
“It felt good,” he said. “The first one was a little frustrating because I felt like I had a pretty good at-bat (in the fifth). I just kept fouling pitches off, but I couldn’t move one forward.”
“It was nice to come through a couple of innings later and get the job done,” he said.
Michael A. Taylor doubled home a run in the Kansas City seventh. Salvador Perez added a two-run homer in the eighth.
TRANSACTIONS
Dodgers C Austin Barnes was placed on the family emergency list. … C Tony Wolters was selected from Triple-A Oklahoma City. … INF Rylan Bannon was designated for assignment.
TRAINER’S ROOM
Dodgers 3B Max Muncy and DH Justin Turner switched prior to Friday’s game, because Muncy was hit in the right hand by a one-hopper that resulted in an infield single and came out of Wednesday’s game. Muncy still hit seventh in the lineup but didn’t play in the field. … LHP Clayton Kershaw, who has been on the 10-day injured list since Aug. 5 with lower back pain, played catch Thursday in Los Angeles and will continue to play catch each day in Kansas City. He got an epidural soon after the injury, and he said Friday that his back is feeling better. He said he doesn’t have a set time to return, but “we’ll definitely have enough time before October.”
UP NEXT
The teams continue the three-game series Saturday evening. The Dodgers will start LHP Andrew Heaney (1-0, 0.64 ERA), while the Royals will hand the ball to RHP Brad Keller (6-12, 4.45 ERA).
___
More AP MLB: https://apnews.com/hub/MLB and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/gonsolin-dodgers-win-11th-in-a-row-break-away-from-royals/ | 2022-08-13T18:34:39Z |
NEW YORK, July 12, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for INMD, EVFM, SRRK, VRCA, and INDO.
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
- INMD: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=INMD&prnumber=071220222
- EVFM: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=EVFM&prnumber=071220222
- SRRK: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=SRRK&prnumber=071220222
- VRCA: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=VRCA&prnumber=071220222
- INDO: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=INDO&prnumber=071220222
(Note: You may have to copy this link into your browser then press the [ENTER] key.)
InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.
View original content to download multimedia:
SOURCE InvestorsObserver | https://www.kxii.com/prnewswire/2022/07/12/thinking-about-buying-stock-inmode-evofem-biosciences-scholar-rock-verrica-pharmaceuticals-or-indonesia-energy/ | 2022-07-12T14:19:53Z |
LARAMIE, Wyo., July 14, 2022 /PRNewswire/ -- Franchise Business Review has named The Human Bean's Matt Lockhart of Laramie, Wyoming this year's Freshman Franchise Rock Star. Lockhart was selected for the recognition from over 30,000 franchisees, representing more than 300 brands that participated in this year's research.
For this year's Franchise Rock Star Award, brands participated in a survey to have their nominees considered. This year, Franchise Business Review reviewed nominations in eight categories, including Women, Millennials, Veterans, Family Owned, Top-Performers, Giving Back, Multi-Unit Owners and Freshman (owned for fewer than two years).
"Each year it gets harder and harder to narrow down the list, but the franchisees recognized this year truly stand out as exceptional models of achieving success within the franchise model," says Michelle Rowan, president and COO of Franchise Business Review.
After spending 25 years in the automotive industry, Lockhart chose to pursue his dream of business ownership. After researching several franchise opportunities, he decided The Human Bean was the right fit for both his family and community.
"A major reason we chose a franchise is the proven business model," says Lockhart. "I literally knew nothing about the coffee business, but saw The Human Bean's success on paper. We [...] reasoned that with their business model, philosophy, and guidance we could realize success that we wouldn't have if we chose to try to do it on our own."
Lockhart opened the very first Human Bean in Wyoming in early 2020. Earlier this year, the drive-thru location also won the Laramie Chamber Alliance's Large Business of the Year Award.
"We felt great about nominating Matt for this recognition," says The Human Bean COO Scott Anderson. "He and his family and team are all shining examples of teamwork and community giving. We're honored to have them as part of our Human Bean family."
Visit franchisebusinessreview.com to see the complete list of 2022 Franchise Rock Star winners.
With a passion for creating happy 'Human Beans', the company's drive-thrus around the U.S. have established a reputation for friendly baristas, high-quality coffee, and innovative flavors. The Human Bean opened its first drive-thru espresso stand in Ashland, Oregon in 1998, and currently supports over 300 locations open or under development in 25 states.
Learn more at thehumanbean.com.
View original content to download multimedia:
SOURCE The Human Bean | https://www.mysuncoast.com/prnewswire/2022/07/14/human-beans-matt-lockhart-named-2022-freshman-franchise-rock-star-by-franchise-business-review/ | 2022-07-14T19:29:22Z |
CUPERTINO, Calif., July 21, 2022 /PRNewswire/ -- ModuleQ, the People-Facing AI company, announced that Kristen Brearey has joined its Board of Directors as a Board Observer. Brearey is a financial industry veteran and senior sales leader at the London Stock Exchange Group (LSEG). In February, LSEG launched Refinitiv AI Alerts powered by ModuleQ, a solution for Microsoft Teams that gives finance professionals timely, personalized financial market insight. LSEG is a minority investor in ModuleQ.
Kristen Brearey, Group Director, Head of EMEA Strategic Accounts, LSEG said: "Refinitiv AI Alerts uses ModuleQ's unique People-Facing AI to deliver hyper-personalized, customer-centric intelligence. This helps bankers and asset managers deepen their client relationships and drive revenue by having the right conversation with the right client at the right time. I'm excited to work with the ModuleQ team to realize the full commercial potential of People-Facing AI."
David Brunner, PhD, Founder & CEO, ModuleQ said: "We are thrilled to welcome Kristen to our Board. She is a visionary and empathetic leader with a keen understanding of how financial institutions can use AI and collaboration to address the urgent challenges of improving customer experience and accelerating revenue, all while retaining and developing talent in the new era of hybrid work."
Brearey is a highly respected and accomplished sales leader with over 12 years' experience at LSEG, Refinitiv, and Thomson Reuters. She joined Refinitiv when it was created through the Blackstone-led spin-out of Thomson Reuters' Financial & Risk business in 2018. Refinitiv was subsequently acquired by LSEG for $27 billion in 2021.
In her current role, Brearey is responsible for LSEG's strategic accounts in Europe, Middle East, and Africa. Previously, she managed global relationships with some of the world's largest investment banks, asset management firms, and hedge funds. Brearey also served as Global Co-chair of the Refinitiv Women Network.
ModuleQ's Board of Directors includes prominent authorities on AI and the digital transformation of business. Brearey joins Harvard Business School Professor Marco Iansiti, award-winning author of Competing in the Age of AI; David Northington, who led Cloud Sherpas to three consecutive years on the Inc 500 list and acquisition by Accenture, and Harvard Business School Professor Ethan Bernstein, an expert on collaboration and workplace transparency.
About ModuleQ
ModuleQ gives professionals a competitive edge with timely, hyper-personalized insights. Founded by PhDs from Harvard and Carnegie Mellon, ModuleQ's patented People-Facing AI continuously learns the current business priorities of each user. Based on its dynamic understanding of each user's work, the AI predictively surfaces precisely targeted insights right where people work in Microsoft Teams, cutting through information overload and streamlining access to mission-critical information. For more details, visit http://moduleq.com.
View original content:
SOURCE ModuleQ | https://www.mysuncoast.com/prnewswire/2022/07/21/moduleq-welcomes-london-stock-exchange-groups-kristen-brearey-board-directors/ | 2022-07-21T12:45:26Z |
Berkeley County property to be repurposed for new West Virginia solar program
FAIRMONT, W.Va., Aug. 15, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) has completed the closure of an ash landfill for the former R. Paul Smith Power Station in Berkeley County, West Virginia, successfully paving the way to repurpose the 26-acre property for a planned utility-scale solar facility.
Allegheny Energy Supply Company, a subsidiary of FirstEnergy, recently received approval from the West Virginia Department of Environmental Protection to end environmental monitoring at the landfill after permanently closing the facility by removing all regulated materials. The landfill's closure was the conclusion of a successful 20-year effort to beneficially reuse the plant's ash byproduct in cement manufacturing. FirstEnergy harvested 3.1 million tons of ash that was sold to two major cement manufacturers to fuel their cement kilns.
Located across the Potomac River from the R. Paul Smith property in Maryland, the Berkeley County site is one of five locations where Mon Power, one of FirstEnergy's two electric companies in West Virginia, plans to build a solar facility as part of a new West Virginia solar program.
"The reclamation and closure of this former landfill has generated a positive economic impact for our company, and as the future home for one of our solar projects in West Virginia, it symbolizes our efforts to build a brighter and more sustainable future for the communities we serve," said Mark Vindivich, a manager in FirstEnergy's environmental department who oversaw the project.
The company began working with the state on a plan to close the landfill in 2015, three years after closure of the R. Paul Smith Power Station. Activities included removing infrastructure such as piping and engineered liner while decommissioning two dams on the property. In June 2022, FirstEnergy's request to end environmental monitoring under the solid waste permit was approved by the West Virginia Department of Environmental Protection, marking the first time a company has earned this type of approval in West Virginia.
Mon Power intends to build a six-megawatt solar facility at the 26-acre site as part of a plan to construct five utility-scale solar facilities, totaling 50 megawatts of renewable generation, to help make West Virginia more attractive for business development. Mon Power and Potomac Edison are currently accepting West Virginia customer subscriptions to purchase power from these facilities through solar renewable energy credits (SRECs). To learn more or subscribe to the solar program, visit www.firstenergycorp.com/WVSolar, or call 1-800-505-7283 to enroll by phone.
Mon Power serves about 395,000 customers in 34 West Virginia counties. Follow Mon Power at www.mon-power.com, on Twitter @MonPowerWV, and on Facebook at www.facebook.com/MonPowerWV.
Potomac Edison serves about 275,000 customers in seven counties in Maryland and 151,000 customers in the Eastern Panhandle of West Virginia. Follow Potomac Edison at www.potomacedison.com, on Twitter @PotomacEdison, and on Facebook at www.facebook.com/PotomacEdison.
FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at www.firstenergycorp.com and on Twitter @FirstEnergyCorp.
View original content to download multimedia:
SOURCE FirstEnergy Corp. | https://www.wibw.com/prnewswire/2022/08/15/firstenergy-completes-closure-west-virginia-ash-landfill-following-successful-beneficial-reuse-initiative/ | 2022-08-15T20:25:28Z |
NEW YORK, May 16, 2022 /PRNewswire/ -- CLEAR (NYSE: YOU) has posted a shareholder letter containing its 2022 first quarter financial results on its Investor Relations website at: https://ir.clearme.com/.
CLEAR will host a conference call to discuss those results at 8:00 AM (ET) today. Investors and analysts can access the live teleconference call by dialing toll-free 877-407-3089 for U.S. participants and 215-268-9854 for international participants. Listeners can access the live webcast HERE. A webcast replay and transcript of the webcast will be available after the event on the investor relations website at https://ir.clearme.com.
About CLEAR
Founded in 2010, CLEAR's mission is to create frictionless experiences. With more than 12 million members and hundreds of partners across the world, CLEAR's identity platform is transforming the way people live, work, and travel. Whether it's at the airport, stadium, or right on your phone, CLEAR connects you to the things that make you, you - making everyday experiences easier, more secure, and more seamless. Since day one, CLEAR has been committed to privacy done right. Members are always in control of their own information, and we never sell member data.
View original content to download multimedia:
SOURCE CLEAR | https://www.mysuncoast.com/prnewswire/2022/05/16/clear-announces-first-quarter-2022-financial-results/ | 2022-05-16T11:10:00Z |
Blackford receives finalist nods in Firm of the Year and Three Deal of the Year Categories
GRAND RAPIDS, Mich., Sept. 15, 2022 /PRNewswire/ -- Blackford Capital, a leading lower middle market private equity firm, today announced it has been named a finalist for four 2022 M&A Advisor Awards including Private Equity Firm of the Year.
The company's add-on acquisition of INYO Pool Supply to Boston, Massachusetts-based Aqua Leisure was named a finalist in three separate Deal of the Year categories including:
- M&A Deal of the year
- Private Equity Deal of the Year ($10MM - $25MM)
- Consumer Discretionary Deal of the Year ($10MM - $100MM)
"We are so proud to be recognized, again, as a finalist for The M&A Advisor Private Equity Firm of the Year award," said Martin Stein, Blackford Capital's founder and managing director. "And to have our add-on acquisition of INYO Pools recognized in three separate categories is both an honor and a testament to the work of our outstanding deal teams."
These nominations continue Blackford's history of recognition from The M&A Advisor. In addition to being named Private Equity Firm of the Year in 2021 and 2018, Blackford Capital received Deal of the Year honors in 2017 and 2015 and Blackford Founder and CEO Martin Stein was named Private Equity Professional of the Year in 2016. Additionally, Blackford has also been recognized as Small Business of the Year and a Michigan Economic Bright spot by Corp! Magazine in 2018 and was named to the Inc. 5000 in 2016 and 2017.
"We have an outstanding team at Blackford Capital that is laser-focused on delivering growth and value creation for both the firm and our portfolio companies," said Stein. "Our selection as a finalist for not one, but four such prestigious awards is a great validator that our focus is paying off."
The winners of the M&A Advisor awards will be announced during the 2022 Future of Dealmaking Summit on Tuesday, November 15, 2022, in New York City.
For more information, and for a detailed list of all the Award Finalists for the 21st Annual M&A Advisor awards, please visit www.maadvisor.com.
About Blackford Capital
Founded in 2010, Blackford Capital is a private equity investment firm headquartered in Grand Rapids, Michigan. Blackford acquires, manages, and builds founder and family-owned, lower middle-market companies, with a focus on the manufacturing, industrial and distribution industries. With a reputation for a relentless approach to value creation and a focus on operational excellence, Blackford was named the Private Equity Firm of the Year by M&A Advisor in 2021 and 2018. Several of its portfolio companies have been included on the Inc. 5000. For more information, visit www.blackfordcapital.com.
Media Contact:
Amy Romano
Lambert
(480) 577-9989
aromano@lambert.com
View original content:
SOURCE Blackford Capital | https://www.kxii.com/prnewswire/2022/09/15/blackford-capital-announced-finalist-2022-mampa-advisor-awards/ | 2022-09-15T19:28:19Z |
VANCOUVER, BC, June 13, 2022 /PRNewswire/ - Nevada Lithium Resources Inc. (CSE: NVLH) (OTCQB: NVLHF) (FSE: 87K) ("Nevada Lithium" or the "Company") and its 50% partner in Bonnie Claire, Iconic Minerals Ltd. (TSXV: ICM) (OTC: BVTEF) (FSE: YQGB ) ("Iconic") are pleased to announce that drilling of the Bonnie Claire Lithium Project (the "Project" or "Property") has commenced.
Nevada Lithium CEO, Stephen Rentschler, comments: "We are pleased to report that our 50% partner, Iconic, who is operator of our initial joint work program, has advised us that drilling is now underway at Bonnie Claire. This drilling is additive to the metallurgical and geophysical work now advancing the Project. We firmly believe that Bonnie Claire is one of the most attractive global lithium assets remaining in junior developers' hands."
The drill program is anticipated to include five (5) holes spaced approximately one-half mile apart, with a target end-of-hole depth of 2,000 feet (610 meters) for each hole. Both, core, and mud/rotary holes will be completed. Each drill hole will be logged and chip/core samples sent to a qualified geochemical lab for assaying. One mud/rotary drill hole will be preserved as a water well and pumping tests conducted by our borehole mining consultants, Barr Engineering Company of Minneapolis, Minnesota ("Barr"). Barr will also collect core samples for extensive materials testing in preparation for a borehole mining demonstration hole.
QP Disclosure
Darren L. Smith, M.Sc., P. Geo., Vice President of Exploration of the Company, and Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
Subscribe to updates about Nevada Lithium Resources here: https://www.nvlithium.com/
About Nevada Lithium Resources Inc.
Nevada Lithium Resources Inc. is a mineral exploration and development company focused on shareholder value creation through its core asset, the Bonnie Claire Lithium Project, located in Nye County, Nevada, where it currently holds a 50% interest. A recently completed NI 43-101 Preliminary Economic Assessment returned attractive investment metrics and the Company is actively advancing the Project towards Pre-Feasibility. Learn more: https://www.nvlithium.com/
ON BEHALF OF THE BOARD OF DIRECTORS:
Stephen Rentschler
CEO
Find Nevada Lithium on Social Media: on Instagram and Twitter
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Cautionary Statement
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use of any of the word "will" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These forward-looking statements include, but are not limited to, the proposed exploration program, development of the Bonnie Claire Project, and advancement of the Bonnie Claire Project to pre-feasibility. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.
View original content to download multimedia:
SOURCE Nevada Lithium Resources Inc | https://www.kxii.com/prnewswire/2022/06/13/drilling-commences-bonnie-claire-lithium-project-nevada/ | 2022-06-13T12:26:23Z |
CRESTON, Iowa, Aug. 3, 2022 /PRNewswire/ -- TRM Equity II ("TRM"), the Michigan based private equity fund, has acquired all of the equity of WDC Acquisition LLC, known by its trade name Wellman Dynamics ("Wellman"). The Company, located in Creston, Iowa, is an aerospace supplier known for manufacturing large scale, complex magnesium and aluminum castings for the defense and commercial aerospace markets. The sale closed July 29th, 2022. Wellman has been around for 100 years and has been a long-standing member of the Creston, Iowa community since 1965. Approximately 350 people are employed at Wellman.
Jeffrey Stone, Managing Director for TRM, commented: "Due to Wellman's unique capabilities and status as a critical supplier, the customer base has been very supportive during the last few years in a challenging environment. Very significant investments have been made to modernize the facility and to support new defense programs since 2018. We are excited to have the opportunity to bring our foundry experience to the business. As a result of this transaction, Wellman is fortunate to have a strong balance sheet as it comes out of the post-Covid/extreme tight labor environment. These challenges are not unique to Wellman, but given its unique set of attributes and the situational benefits previously referenced, we are confident its performance will differentiate it in the years to come."
TRM Equity is a private equity firm that seeks controlling investments in situations where the experience of our team can assist companies with operational improvement or transformation. The Firm's core team has worked and invested together for over 15 years, applying a consistent approach in targeted manufacturing industries, and has a demonstrated track record of above market returns.
Jeffrey A. Stone
Managing Director
jeffreystone@trmequity.com
(800) 817-4152
Robert Sylvester
Managing Director
robertsylvester@trmequity.com
(800) 817-4152
View original content to download multimedia:
SOURCE TRM Equity | https://www.kxii.com/prnewswire/2022/08/03/trm-equity-acquires-wellman-dynamics/ | 2022-08-03T18:23:17Z |
JERUSALEM (AP) — Israeli police decided on Saturday to investigate the conduct of their officers who attacked the funeral of a slain Al Jazeera journalist, causing mourners to briefly drop the casket during the ceremony in Jerusalem.
Police forces beat pallbearers with batons at the start of the funeral procession on Friday of Shireen Abu Akleh, who witnesses say was killed by Israeli troops Wednesday during a raid in the occupied West Bank. The Israeli military says Palestinian gunmen were in the area and it’s not clear who fired the fatal bullet.
The shocking scenes at the funeral, and the death of the 51-year-old Palestinian-American journalist, drew worldwide condemnation and calls for investigations, including from the United States and the United Nations.
In a statement Saturday, the Israeli police said their commissioner has instructed an investigation that would be concluded in the coming days. “The Israel Police supports its police officers, but as a professional organization that seeks to learn and improve, it will also draw lessons from the incident,” the statement said.
The police say they used force as hundreds of “rioters tried to sabotage the ceremony and harm the police.”
The attack on the funeral added to a sense of grief and outrage that has followed the death of Abu Akleh, a veteran journalist and a household name across the Arab world. They also illustrated the deep sensitivities over east Jerusalem — which is claimed by both Israel and the Palestinians and has sparked repeated rounds of violence.
Ahead of the burial, a large crowd gathered to escort her casket from an east Jerusalem hospital to a Catholic church in the nearby Old City. Many of the mourners held Palestinian flags, and the crowd began shouting: “We sacrifice our soul and blood for you, Shireen.”
Shortly after, Israel police moved in, pushing and clubbing mourners. As helmeted riot police approached, they hit pallbearers, causing one man to lose control of the casket as it dropped toward the ground. Police ripped Palestinian flags out of people’s hands and fired stun grenades to disperse the crowd.
On Friday, Secretary of State Antony Blinken said the U.S. administration was “troubled by the images of Israeli police intruding into the funeral procession” of Abu Akleh, who was also an American citizen. “Every family deserves to lay their loved ones to rest in a dignified and unimpeded manner,” he tweeted.
A unanimous condemnation came Friday from the U.N. Security Council, which called in a rare statement for “an immediate, thorough, transparent and impartial investigation into her killing.”
Late Friday, the Palestinian public prosecutor said preliminary findings show Abu Akleh was killed by deliberate fire from Israeli troops. The prosecutor said the investigation would continue. Israel’s military said earlier Friday that she was killed during an exchange of fire with Palestinian militants, and that it couldn’t determine the source of the shot that killed her.
Israel has called for a joint investigation with the Palestinian Authority, and urged it to hand over the bullet for forensic analysis to determine who fired the fatal round. The PA has refused, saying it will conduct its own investigation and send the results to the International Criminal Court, which is already investigating possible Israeli war crimes.
The PA and Al Jazeera, which has long had a strained relationship with Israel, have accused Israel of deliberately killing Abu Akleh. Israel denies the accusations.
Abu Akleh was a member of the small Palestinian Christian community in the Holy Land. Palestinian Christians and Muslims marched alongside one another Friday in a show of unity.
She was shot in the head Wednesday morning during an Israeli military raid in the West Bank town of Jenin.
___
Associated Press writer Fares Akram in Hamilton, Ontario, contributed. | https://cw33.com/news/ap-top-headlines/israel-police-to-investigate-conduct-at-journalist-funeral/ | 2022-05-15T06:03:23Z |
Woman gets 15 months in prison for punching flight attendant
By JULIE WATSON
Associated Press
SAN DIEGO (AP) — A California woman who punched a flight attendant in the face during a flight and broke her teeth has been sentenced to 15 months in federal prison. Vyvianna Quinonez on Tuesday was also ordered by the federal judge in San Diego to pay nearly $26,000 in restitution and a $7,500 fine for the assault on a May 2021 Southwest flight between Sacramento and San Diego. Quinonez is prohibited from flying for three years while she is on supervised release and must participate in anger management classes or counseling. Quinonez last year pleaded guilty to one count of interference with flight crew members and attendants. | https://localnews8.com/news/ap-national/2022/05/27/woman-gets-15-months-in-prison-for-punching-flight-attendant/ | 2022-05-27T22:57:23Z |
Company Advances Premium Brand Driven Strategy, Laying a Foundation for Long-Term Sustainable Growth and Profitability
SMITHS FALLS, ON, May 27, 2022 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC) today announces its financial results for the fourth quarter and fiscal year ended March 31, 2022. All financial information in this press release is reported in Canadian dollars, unless otherwise indicated.
Highlights
- The Company progressed its leading North American brand driven strategy with Canopy Growth entering into plans to acquire Wana Brands, the #1 cannabis edibles brand in North America, and Jetty Extracts ("Jetty"), a top 10 Cannabis brand in California, adding to the robust brand portfolio.
- Premium brands gained ground with Canadian consumers with Company maintaining #1 share of premium flower category throughout FY20221, led by in demand offerings from Doja, 7ACRES and 7ACRES Collective brands; and improved market share performance in the mainstream flower category in Q4 FY2022 with the Tweed rebrand and new Tweed product offerings in flower and beverages.
- Storz & Bickel posted 22nd year of consecutive revenue growth in FY2022; strong consumer demand for Storz & Bickel vaporizers including the new VOLCANO ONYX and MIGHTY+ drove 21% increase in revenue in Q4 FY2022 versus Q4 FY2021.
- Increased distribution of BioSteel hydration products drove year-over-year revenue growth in FY2022 of 56% versus FY2021. Focusing strategic investments to accelerating brand growth with aspiration to be top 4 player in the North American sports drink market.
- The Company generated Net revenue of $520 million in FY2022, representing a decline of 5% versus FY2021.
- Through restructuring actions that were previously announced on April 26, 2022, management expects to generate COGS savings of $30 - $50 million and SG&A expense reductions of $70 – $100 million, both within 12 to 18 months.
"Canopy Growth is building the industry's leading portfolio of premium brands across North America. We've taken concrete steps to advance this ambition by strengthening our positioning in Canada, and further bolstering our U.S. THC ecosystem through the addition of two high performance brands in Wana Brands and Jetty Extracts. In the fiscal year ahead, we will remain focused on growing our market share in the key segments that will drive profitable growth and continuing to scale our premium brands across North America."
David Klein, Chief Executive Officer
"Achieving profitability is critical and we have undertaken additional initiatives to streamline and drive efficiencies for our global cannabis business. In FY2023, we are focused on executing our path to profitability in Canada, while we continue to invest in high potential opportunities – particularly in BioSteel, and further developing our U.S. THC ecosystem, which we believe remains significantly under-appreciated by the market."
Judy Hong, Chief Financial Officer
FY2023 Priorities & Outlook
With the foundation for long-term sustainable growth in place, Canopy Growth is committed to further advancing the Company's aspiration to become the leading premium cannabis branded company in North America.
In FY2023, Canopy will focus on:
- Strengthening our market position in premium segments in Canada – driven by our flower cultivation strategy, delivering flower with in-demand attributes under the Doja and 7ACRES brands;
- Making strategic investments to increase distribution, brand activation and new product development in high-growth consumer packaged good ("CPG") brands – BioSteel and Storz & Bickel;
- Identifying opportunities to expand brands across the U.S. and within the Canadian recreational market, to fully realize the North American potential of the Canopy Growth brand portfolio; and
- As a result of these actions, the Company expects to be Adjusted EBITDA positive in FY2024 excluding investments in BioSteel and U.S. THC.
Fourth Quarter Fiscal Year 2022 Financial Summary
Fiscal Year 2022 Financial Summary
Fourth Quarter and Fiscal Year 2022 Financial Summary
Revenues:
Net revenue of $112 million in Q4 FY2022 declined 25% versus Q4 FY2021. Total global cannabis net revenue of $66 million in Q4 FY2022, represented a decline of 35% over Q4 FY2021. Other consumer products revenue of $46 million in Q4 FY2022, represented a decline of 3% over Q4 FY2021. Excluding the impact from acquired businesses and divestiture of C3, net revenue declined 26% and global cannabis net revenue declined 38% versus Q4 FY2021.
Net revenue of $520 million in FY2022 declined 5% versus FY2021. Total global cannabis net revenue of $337 million in FY2022, represented a decline of 11% over FY2021. Other consumer products revenue of $183 million in FY2022, represented an increase of 9% over FY2021. Excluding the impact from acquired businesses and divestiture of C3, net revenue declined 9% and global cannabis net revenue declined 19% versus FY2021.
Gross margin:
Reported gross margin in Q4 FY2022 was (142%) as compared to 7% in Q4 FY2021. Excluding non-cash restructuring costs recorded in COGS of $119 million and inventory step-up charges from acquisitions of $4 million, adjusted gross margin was (32%). Comparatively gross margin in Q4 FY2021 was impacted by restructuring charges totaling $10 million. Gross margin in Q4 FY2022 was further impacted by lower production output and price compression in the Canadian recreational business as well as higher third-party shipping, distribution and warehousing costs across North America.
Reported gross margin in FY2022 was (37%) as compared to 12% in FY2021. Excluding non-cash restructuring costs recorded in cost of goods sold of $124 million and inventory step-up charges from acquisitions of $12 million, adjusted gross margin was approximately (11%). Gross margin in FY2022 was impacted by a year-over-year decrease in net revenue and continued price compression in the Canadian recreational business, inventory write-offs driven by lower than expected demand as well as higher third-party shipping, distribution and warehousing costs across North America. Gross margin in FY2022 benefited from payroll subsidies in the amount of $24 million received from the Canadian government, pursuant to a COVID-19 relief program, compared to $6 million in FY2021.
Operating expenses:
Total SG&A ("SG&A") expenses in Q4 FY2022 declined by 21% versus Q4 FY2021, driven by year-over-year reductions in General & Administrative ("G&A") and Research and Development ("R&D") expenses. G&A expenses declined 38% year-over-year primarily due to reductions in staffing, professional fees, executive compensation and employee bonus, and continued cost reductions, partially offset by lower payroll subsidies received from the Canadian government pursuant to a COVID-19 relief program, relative to the prior year. R&D expenses declined 45% year-over-year principally due to a more disciplined approach to R&D investments and the closure of certain R&D facilities in the prior year. Sales & Marketing ("S&M") expenses were flat year-over-year.
Total SG&A expenses in FY2022 declined by 18% versus FY2021, driven by year-over-year reductions in G&A and R&D expenses, partially offset by an increase in S&M expenses. G&A expenses declined 46% year-over-year primarily due to reductions in staffing, professional fees, executive compensation and employee bonus, and continued cost reductions. R&D expenses declined 44% year-over-year principally due to a more disciplined approach to R&D investments and the closure of certain R&D facilities in the prior year. S&M expenses increased 23% year-over-year primarily due to a return to more normal advertising and promotional spending in fiscal 2022. S&M expenses was further driven by higher sponsorship fees associated with BioSteel and increased sales and marketing costs associated with the acquisitions of Supreme Cannabis and Ace Valley.
Net Loss:
Net Loss in Q4 FY2022 was $579 million, which is a $38 million improvement versus Q4 FY2021, driven primarily by non-cash fair value changes, partially offset by higher non-cash asset impairment and restructuring charges.
Net Loss in FY2022 was $320 million, which is a $1,350 million improvement versus FY2021, driven primarily by non-cash fair value changes, lower operating expenses, including lower non-cash asset impairment and restructuring charges, partially offset by lower gross margins.
Adjusted EBITDA:
Adjusted EBITDA loss in Q4 FY2022 was $122 million, a $28 million increase in Adjusted EBITDA loss versus Q4 FY2021 primarily driven by lower sales and a decline in gross margins, partially offset by the reduction in our total SG&A expenses.
Adjusted EBITDA loss in FY2022 was $415 million, a $75 million increase in Adjusted EBITDA loss versus FY2021, driven primarily driven by lower sales and a decline in gross margins, partially offset by the reduction in our total SG&A expenses.
Free Cash Flow:
Free Cash Flow in Q4 FY2022 was an outflow of $127 million, a 2% increase in outflow versus Q4 FY2021. Relative to Q4 FY2021, the Free Cash Flow outflow increase reflects higher interest paid partially offset by lower capital expenditures.
Free Cash Flow in FY2022 was an outflow of $582 million, an 8% decrease in outflow versus FY2021. Relative to FY2021, the Free Cash Flow outflow decrease is due to lower S&GA expenses and reduction in capital expenditures, partially offset by higher cash interest payments.
Cash Position:
Cash and Short-term investments amounted to $1.4 billion at March 31, 2022, representing a decrease of $0.9 billion from $2.3 billion at March 31, 2021 reflecting EBITDA losses, capital investments and the upfront payment made as consideration for the option to acquire Wana Brands upon federal permissibility of THC in the U.S.
Business Highlights
Developing a robust North American brand driven strategy - In the very competitive Canadian adult-use market, the Company's Doja, 7ACRES, 7ACRES Craft Collection, Deep Space, Tweed, and Ace Valley branded product offerings:
- Maintained Canopy Growth's #1 share of the premium flower market in FY2022 by leveraging established cannabis brands – Doja and 7ACRES;
- Nearly doubled the Company's share of the mainstream flower market in Q4 FY2022. Performance benefited from strong consumer demand for new Tweed flower strains, Chemdawg and Powdered Donuts, launched in Q3 FY2022;
- The introduction of new beverage flavour extensions including, Tweed Iced Tea Guava and Deep Space Orange Orbit, have helped drive Tweed to the #1 market share rank in the under 5 mg THC beverage category and Deep Space is the fastest growing brand and #2 rank in the over 5 mg THC beverage category; and
- Following investments in plans to acquire Wana Brands and Jetty Extracts, exploring avenues through which these brands can expand across the U.S. and within the Canadian recreational market, to fully realize the North American potential.
Driving Growth in our Consumer Product Brands
- Storz & Bickel: Gains in distribution and strong consumer demand for new Storz & Bickel vaporizers including the VOLCANO ONYX and MIGHTY+ drove 21% increase in revenue in Q4 FY2022 versus Q4 FY2021.
- BioSteel: Gains in distribution and sales velocity of BioSteel ready-to-drink ("RTD") products drove a 56% increase in revenue in FY2022 versus FY2021; BioSteel RTDs have achieved 18% ACV7; New Grape and Cherry Lime RTD flavors began shipping in Q4 FY202
- Martha Stewart CBD: Launched new Martha Stewart CBD Tropical Medley CBD Wellness Gummies in Q4 FY2022. Launched Martha Stewart CBD Wellness Topicals - Super Strength CBD, Sleep Science CBD and Daily De-Stress CBD Creams.
Strengthening U.S. THC ecosystem, investing in plans to acquire scalable brands in must‑win categories
- Jetty Extracts8: Strengthened U.S. THC ecosystem with plan to acquire Jetty, a Top 5 cannabis brand9, Top 10 California vape brand9, and market leader with greater than 75% of the solventless vape market10. Plan establishes the opportunity to scale the Jetty brand to additional U.S. state markets and across the border into Canada leveraging Jetty's industry leading intellectual property.
- Wana Brands11: Wana strengthened its management team with the appointment of a new Chief Financial Officer and new Chief Operating Officer. In addition, the company expanded its U.S. footprint in Q4 FY2022 with the signing of license agreements covering Puerto Rico, its fourteenth license in the U.S.. At least three more markets are expected to come online by the end of CY2022. In Q4 FY2022, launched Wana Quick Spectrum Live Rosin Quick Fast-Acting Gummies in Colorado.
Driving brand awareness through omni channel activations
Fourth Quarter and Fiscal Year 2022 Revenue Review
Revenue by Channel
Revenue by Form
Canadian Cannabis
- Recreational B2B net sales in Q4 FY2022 decreased 40% over the prior year period primarily due to the continued insufficient supply of flower products with in-demand attributes and continued price compression, particularly in the value-priced dried flower category. These factors were partially offset by contribution from the acquisitions of Ace Valley and Supreme Cannabis.
- Recreational B2C net sales in Q4 FY2022 decreased 26% versus Q4 FY2021 largely driven by increased competition from the rapid increase in third party retail locations across provinces.
- Medical net revenue in Q4 FY2022 decreased 4% from Q4 FY2021 driven primarily by higher average order sizes offset by a fewer number of orders.
International Cannabis
- C3 revenue in Q4 FY2022 decreased 80% year-over-year as a result of the divestiture that was completed on January 31, 2022.
- Other revenue in Q4 FY2022 increased 2% over the prior year period primarily due to bulk cannabis sales by Supreme Cannabis into the Israel medical cannabis market, offset by lower U.S. CBD sales.
Other Consumer Products
- BioSteel sales in Q4 FY2022 decreased 1% over Q4 FY2021 in part due to shipment timing.
- Storz & Bickel vaporizer revenue in Q4 FY2022 increased 21% over Q4 FY2021 due primarily to sales of new VOLCANO ONYX and MIGHTY+ vaporizers launched late in the second quarter of FY2022.
- This Works sales in Q4 FY2022 decreased 29% over Q4 FY2021 due in part to lapping strong sales in the prior year.
The Q4 FY2022, FY2022, Q4 FY2021 and FY2021 financial results presented in this press release have been prepared in accordance with U.S. GAAP.
Webcast and Conference Call Information
The Company will host a conference call and audio webcast with David Klein, CEO and Judy Hong, CFO at 10:00 AM Eastern Time on May 27, 2022.
Webcast Information
A live audio webcast will be available at:
https://produceredition.webcasts.com/starthere.jsp?ei=1540225&tp_key=a04693a9b2
Replay Information
A replay will be accessible by webcast until 11:59 PM ET on August 25, 2022 at:
https://produceredition.webcasts.com/starthere.jsp?ei=1540225&tp_key=a04693a9b2
Non-GAAP Measures
Adjusted EBITDA is a non-GAAP measure used by management that is not defined by U.S. GAAP and may not be comparable to similar measures presented by other companies. Adjusted EBITDA is calculated as the reported net income (loss), adjusted to exclude income tax recovery (expense); other income (expense), net; loss on equity method investments; share-based compensation expense; depreciation and amortization expense; asset impairment and restructuring costs; restructuring costs recorded in cost of goods sold; and charges related to the flow-through of inventory step-up on business combinations, and further adjusted to remove acquisition-related costs. Asset impairments related to periodic changes to the Company's supply chain processes are not excluded from Adjusted EBITDA given their occurrence through the normal course of core operational activities. The Adjusted EBITDA reconciliation is presented within this news release and explained in the Company's Annual Report on Form 10-K to be filed with the Securities and Exchange Commission ("SEC").
Free Cash Flow is a non- GAAP measure used by management that is not defined by U.S. GAAP and may not be comparable to similar measures presented by other companies. This measure is calculated as net cash provided by (used in) operating activities less purchases of and deposits on property, plant and equipment. The Free Cash Flow reconciliation is presented within this news release and explained in the Company's Annual Report on Form 10-K to be filed with the SEC.
Adjusted Gross Margin and Adjusted Gross Margin Percentage are non-GAAP measures used by management that are not defined by U.S. GAAP and may not be comparable to similar measures presented by other companies. Adjusted Gross Margin is calculated as gross margin excluding restructuring and other charges recorded in cost of goods sold, and charges related to the flow-through of inventory step-up on business combinations. Adjusted Gross Margin Percentage is calculated as Adjusted Gross Margin divided by net revenue. The Adjusted Gross Margin and Adjusted Gross Margin Percentage reconciliation is presented within this news release.
About Canopy Growth Corporation
Canopy Growth (TSX:WEED,NASDAQ:CGC ) is a world-leading diversified cannabis and cannabinoid-based consumer product company, driven by a passion to improve lives, end prohibition, and strengthen communities by unleashing the full potential of cannabis. Leveraging consumer insights and innovation, we offer product varieties in high quality dried flower, oil, softgel capsule, infused beverage, edible, and topical formats, as well as vaporizer devices by Canopy Growth and industry-leader Storz & Bickel. Our global medical brand, Spectrum Therapeutics, sells a range of full-spectrum products using its colour-coded classification system and is a market leader in both Canada and Germany. Through our award-winning Tweed and Tokyo Smoke banners, we reach our adult-use consumers and have built a loyal following by focusing on top quality products and meaningful customer relationships. Canopy Growth has entered into the health and wellness consumer space in key markets including Canada, the United States, and Europe through BioSteel sports nutrition, and This Works skin and sleep solutions; and has introduced additional federally-permissible CBD products to the United States through our First & Free and Martha Stewart CBD brands. Canopy Growth has an established partnership with Fortune 500 alcohol leader Constellation Brands. For more information visit www.canopygrowth.com.
Notice Regarding Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of applicable securities laws, which involve certain known and unknown risks and uncertainties. Forward-looking statements predict or describe our future operations, business plans, business and investment strategies and the performance of our investments. These forward-looking statements are generally identified by their use of such terms and phrases as "intend," "goal," "strategy," "estimate," "expect," "project," "projections," "forecasts," "plans," "seeks," "anticipates," "potential," "proposed," "will," "should," "could," "would," "may," "likely," "designed to," "foreseeable future," "believe," "scheduled" and other similar expressions. Our actual results or outcomes may differ materially from those anticipated. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.
Forward-looking statements include, but are not limited to, statements with respect to:
- the uncertainties associated with the COVID-19 pandemic, including our ability, and the ability of our suppliers and distributors, to effectively manage the restrictions, limitations and health issues presented by the COVID-19 pandemic, the ability to continue our production, distribution and sale of our products and the demand for and use of our products by consumers, disruptions to the global and local economies due to related stay-at-home orders, quarantine policies and restrictions on travel, trade and business operations and a reduction in discretionary consumer spending;
- laws and regulations and any amendments thereto applicable to our business and the impact thereof, including uncertainty regarding the application of U.S. state and federal law to U.S. hemp (including CBD) products and the scope of any regulations by the U.S. Food and Drug Administration (the "FDA"), the U.S. Drug Enforcement Administration (the "DEA"), the U.S. Federal Trade Commission (the "FTC"), the U.S. Patent and Trademark Office (the "USPTO"), the U.S. Department of Agriculture (the "USDA") and any state equivalent regulatory agencies over U.S. hemp (including CBD) products;
- expectations regarding the amount or frequency of impairment losses, including as a result of the write-down of intangible assets, including goodwill;
- expectations related to our announcement of certain restructuring actions (the "Restructuring Actions") and any progress, challenges and effects related thereto as well as changes in strategy, metrics, investments, costs, operating expenses, employee turnover and other changes with respect thereto;
- our ability to refinance debt as and when required on terms favorable to us and comply with covenants contained in our debt facilities and debt instruments;
- expectations regarding the laws and regulations and any amendments thereto relating to the U.S. hemp industry in the U.S., including the promulgation of regulations for the U.S. hemp industry by the USDA and relevant state regulatory authorities;
- expectations regarding the potential success of, and the costs and benefits associated with, our acquisitions, joint ventures, strategic alliances, equity investments and dispositions;
- the amended plan of arrangement with Acreage Holdings, Inc., including the consummation of such acquisition;
- the definitive agreements with Mountain High Products, LLC, Wana Wellness, LLC and The Cima Group, LLC (each, a "Wana Entity"), including the consummation of the acquisition of each Wana Entity;
- the grant, renewal and impact of any license or supplemental license to conduct activities with cannabis or any amendments thereof;
- our international activities and joint venture interests, including required regulatory approvals and licensing, anticipated costs and timing, and expected impact;
- our ability to successfully create and launch brands and further create, launch and scale cannabis-based products and U.S. hemp-derived consumer products in jurisdictions where such products are legal and that we currently operate in;
- the benefits, viability, safety, efficacy, dosing and social acceptance of cannabis, including CBD and other cannabinoids;
- the anticipated benefits and impact of the investments in us (the "CBI Group Investments") from Constellation Brands, Inc. ("CBI") and its affiliates (together, the "CBI Group");
- the potential exercise of the warrants held by the CBI Group, pre-emptive rights and/or top-up rights held by the CBI Group, including proceeds to us that may result therefrom or the potential conversion of the convertible senior notes issued by Canopy Growth and held by the CBI Group;
- expectations regarding the use of proceeds of equity financings, including the proceeds from the CBI Group Investments;
- the legalization of the use of cannabis for medical or recreational in jurisdictions outside of Canada, the related timing and impact thereof and our intentions to participate in such markets, if and when such use is legalized;
- our ability to execute on our strategy and the anticipated benefits of such strategy;
- the ongoing impact of the legalization of additional cannabis product types and forms for recreational use in Canada, including federal, provincial, territorial and municipal regulations pertaining thereto, the related timing and impact thereof and our intentions to participate in such markets;
- expectations of the amount or frequency of impairment losses, including as a result of the write-down of intangible assets, including goodwill;
- the ongoing impact of developing provincial, territorial and municipal regulations pertaining to the sale and distribution of cannabis, the related timing and impact thereof, as well as the restrictions on federally regulated cannabis producers participating in certain retail markets and our intentions to participate in such markets to the extent permissible;
- the timing and nature of legislative changes in the U.S. regarding the regulation of cannabis including tetrahydrocannabinol ("THC");
- the future performance of our business and operations;
- our competitive advantages and business strategies;
- the competitive conditions of the industry;
- the expected growth in the number of customers using our products;
- our ability or plans to identify, develop, commercialize or expand our technology and research and development initiatives in cannabinoids, or the success thereof;
- expectations regarding revenues, expenses and anticipated cash needs;
- expectations regarding cash flow, liquidity and sources of funding;
- expectations regarding capital expenditures;
- the expansion of our production and manufacturing, the costs and timing associated therewith and the receipt of applicable production and sale licenses;
- the expected growth in our growing, production and supply chain capacities;
- expectations regarding the resolution of litigation and other legal and regulatory proceedings, reviews and investigations;
- expectations with respect to future production costs;
- expectations with respect to future sales and distribution channels and networks;
- the expected methods to be used to distribute and sell our products;
- our future product offerings;
- the anticipated future gross margins of our operations;
- accounting standards and estimates;
- expectations regarding our distribution network;
- expectations regarding the costs and benefits associated with our contracts and agreements with third parties, including under our third-party supply and manufacturing agreements; and
- expectations on price changes in cannabis markets.
Certain of the forward-looking statements contained herein concerning the industries in which we conduct our business are based on estimates prepared by us using data from publicly available governmental sources, market research, industry analysis and on assumptions based on data and knowledge of these industries, which we believe to be reasonable. However, although generally indicative of relative market positions, market shares and performance characteristics, such data is inherently imprecise. The industries in which we conduct our business involve risks and uncertainties that are subject to change based on various factors, which are described further below.
The forward-looking statements contained herein are based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including: (i) management's perceptions of historical trends, current conditions and expected future developments; (ii) our ability to generate cash flow from operations; (iii) general economic, financial market, regulatory and political conditions in which we operate; (iv) the production and manufacturing capabilities and output from our facilities and our joint ventures, strategic alliances and equity investments; (v) consumer interest in our products; (vi) competition; (vii) anticipated and unanticipated costs; (viii) government regulation of our activities and products including but not limited to the areas of taxation and environmental protection; (ix) the timely receipt of any required regulatory authorizations, approvals, consents, permits and/or licenses; * our ability to obtain qualified staff, equipment and services in a timely and cost-efficient manner; (xi) our ability to conduct operations in a safe, efficient and effective manner; (xii) our ability to realize anticipated benefits, synergies or generate revenue, profits or value from our recent acquisitions into our existing operations; (xiii) our ability to continue to operate in light of the COVID-19 pandemic and the impact of the pandemic on demand for, and sales of, our products and our distribution channels; and (xiv) other considerations that management believes to be appropriate in the circumstances. While our management considers these assumptions to be reasonable based on information currently available to management, there is no assurance that such expectations will prove to be correct.
By their nature, forward-looking statements are subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking statements in this press release and other reports we file with, or furnish to, the Securities and Exchange Commission (the "SEC") and other regulatory agencies and made by our directors, officers, other employees and other persons authorized to speak on our behalf. Such factors include, without limitation, changes in laws, regulations and guidelines and our compliance with such laws, regulations and guidelines; the risk that the COVID-19 pandemic may disrupt our operations and those of our suppliers and distribution channels and negatively impact the demand for and use of our products; consumer demand for cannabis and U.S. hemp products; our limited operating history; inflation risks; the risks and uncertainty regarding future product development; our reliance on licenses issued by and contractual arrangements with various federal, state and provincial governmental authorities; the risk that cost savings and any other synergies from the CBI Group Investments may not be fully realized or may take longer to realize than expected; the implementation and effectiveness of key personnel changes; the risks that our Restructuring Actions will not result in the expected cost savings, efficiencies and other benefits or will result in greater than anticipated turnover in personnel; risks associated with jointly owned investments; risks relating to our current and future operations in emerging markets; future levels of revenues and the impact of increasing levels of competition; risks related to the protection and enforcement of our intellectual property rights; our ability to manage disruptions in credit markets or changes to our credit ratings; future levels of capital, environmental or maintenance expenditures, general and administrative and other expenses; the success or timing of completion of ongoing or anticipated capital or maintenance projects; risks related to the integration of acquired businesses; the timing and manner of the legalization of cannabis in the United States; business strategies, growth opportunities and expected investment; the adequacy of our capital resources and liquidity, including but not limited to, availability of sufficient cash flow to execute our business plan (either within the expected timeframe or at all); counterparty risks and liquidity risks that may impact our ability to obtain loans and other credit facilities on favorable terms; the potential effects of judicial, regulatory or other proceedings, or threatened litigation or proceedings, on our business, financial condition, results of operations and cash flows; risks related to stock exchange restrictions; risks associated with divestment and restructuring; volatility in and/or degradation of general economic, market, industry or business conditions; our exposure to risks related to an agricultural business, including wholesale price volatility and variable product quality; third-party transportation risks; compliance with applicable environmental, economic, health and safety, energy and other policies and regulations and in particular health concerns with respect to vaping and the use of cannabis and U.S. hemp products in vaping devices; the anticipated effects of actions of third parties such as competitors, activist investors or federal, state, provincial, territorial or local regulatory authorities, self-regulatory organizations, plaintiffs in litigation or persons threatening litigation; changes in regulatory requirements in relation to our business and products; and the factors discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended March 31, 2022. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements.
Forward-looking statements are provided for the purposes of assisting the reader in understanding our financial performance, financial position and cash flows as of and for periods ended on certain dates and to present information about management's current expectations and plans relating to the future, and the reader is cautioned that the forward-looking statements may not be appropriate for any other purpose. While we believe that the assumptions and expectations reflected in the forward-looking statements are reasonable based on information currently available to management, there is no assurance that such assumptions and expectations will prove to have been correct. Forward-looking statements are made as of the date they are made and are based on the beliefs, estimates, expectations and opinions of management on that date. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking statements, except as required by law. The forward-looking statements contained in this press release and other reports we file with, or furnish to, the SEC and other regulatory agencies and made by our directors, officers, other employees and other persons authorized to speak on our behalf are expressly qualified in their entirety by these cautionary statements.
Schedule 1
Schedule 2
Schedule 3
Schedule 4
Adjusted Gross Margin1 Reconciliation (Non-GAAP Measure)
Schedule 5
Adjusted EBITDA1 Reconciliation (Non-GAAP Measure)
Schedule 6
Free Cash Flow Reconciliation1 (Non-GAAP Measure)
Schedule 7
Segmented Gross Margin Reconciliation
Schedule 8
Segmented Adjusted Gross Margin1 Reconciliation (Non-GAAP Measure)
View original content to download multimedia:
SOURCE Canopy Growth Corporation | https://www.mysuncoast.com/prnewswire/2022/05/27/canopy-growth-corporation-reports-fourth-quarter-fiscal-year-2022-financial-results/ | 2022-05-27T12:05:43Z |
KYIV, Ukraine (AP) — Russia shattered weeks of relative calm in the Ukrainian capital with long-range missiles fired toward Kyiv early Sunday, an apparent Kremlin show-of-force as Western leaders meet in Europe to strengthen their military and economic support of Ukraine.
Kyiv Mayor Vitali Klitschko said the missiles hit at least two residential buildings, and killed one person and injured six others, including a 7-year-old girl and her mother. Associated Press journalists saw emergency workers battling flames and rescuing civilians from the buildings.
The strikes also damaged a nearby kindergarten, where a crater pocked the courtyard. U.S. President Joe Biden called the attacks “barbarism” after he arrived in Germany for a Group of Seven summit.
Ukrainian air force spokesman Yuriy Ignat said the first air-launched weapons to successfully target the capital since June 5 were Kh-101 cruise missiles fired from warplanes over the Caspian Sea, more than 1,500 kilometers (932 miles) away.
Kyiv’s mayor told journalists he thought the airstrikes were “maybe a symbolic attack” ahead of a NATO summit in Madrid that starts Tuesday. A former commander of U.S. forces in Europe said the strikes also were a signal to the leaders of G-7 nations meeting Sunday in Germany.
“Russia is saying, ‘We can do this all day long. You guys are powerless to stop us,’” retired Lt. Gen. Ben Hodges, the former commanding general of U.S. Army forces in Europe, said. “The Russians are humiliating the leaders of the West.”
The G-7 leaders were set to announce the latest in a long series of international economic steps to pressure and isolate Russia over its war in Ukraine: new bans on imports of Russian gold. Standing with German Chancellor Olaf Scholz, the three-day meeting’s host, Biden said of the missile strikes on Kyiv: “It’s more of their barbarism.”
A Ukrainian parliament member, Oleksiy Goncharenko, wrote on the Telegram messaging app that preliminary information indicated that Russia launched 14 missiles toward the capital region and Kyiv itself, suggesting that some were intercepted.
In a phone interview, retired U.S. general Hodges told The Associated Press that Russia has a limited stock of precision missiles and “if they are using them, it’s going to be for a special purpose,”
Russia has denied targeting civilians during the 4-month-old war, and Hodges said it was hard to know if the missiles launched Sunday were intended to strike the apartments buildings.
Russian forces tried to seize control of Kyiv early in the war. After Ukrainian troops repelled them, the Kremlin largely shifted its focus to southern and eastern Ukraine.
Russian rocket strikes in the city of Cherkasy, about 160 kilometers (100 miles) southeast of Kyiv, killed one person and injured five, regional governor Ihor Taburets said Sunday.
In the east, Russian troops fought to consolidate their gains by battling to swallow up the last remaining Ukrainian stronghold in Luhansk province. Luhansk Gov. Serhiy Haidai said Sunday that Russia was conducting intense airstrikes on the city of Lysychansk, destroying its television tower and seriously damaging a road bridge.
“There’s very much destruction. Lysychansk is almost unrecognizable,” he wrote on Facebook.
For weeks, Lysychansk and the nearby city of Sievierodonetsk have been subject to a bloody and destructive offensive by Russian forces and their separatist allies aimed at capturing all of Ukraine’s eastern Donbas region.
They have made steady and slow progress, with Haidai confirming Saturday that Sievierodonetsk, including a chemical plant where hundreds of Ukrainian troops and civilians were holed up, had fallen.
Commenting on the battle for Sievierodonetsk, Russian Defense Ministry spokesman Igor Konashenkov said late Saturday that Russian and Moscow-backed separatist forces now control not only the city but the villages surrounding it. He said the Russian military had thwarted Ukrainian forces’ attempt to turn the Azot chemical plant into a “stubborn center of resistance.”
Capturing Lysychansk would give Russian and separatist forces control of every major settlement in Luhansk. At last report, they controlled about half of Donetsk, the second province in the Donbas.
On Saturday, Russia launched dozens of missiles on several areas across the country far from the heart of the eastern battles. Some of the missiles were fired from Russian long-range Tu-22 bombers deployed from Belarus for the first time, Ukraine’s air command said.
On the economic front, U.S. Secretary of State Anthony Blinken said banning imports of Russian gold would represent a significant escalation of sanctions.
“That is the second-most lucrative export that Russia has after energy.” Blinken told American news channel CNN. “It’s about $19 billion a year. And most of that is within the G-7 countries. So cutting that off, denying access to about $19 billion of revenues a year, that’s significant.”
___
Follow AP’s coverage of the Russia-Ukraine war at https://apnews.com/hub/russia-ukraine | https://cw33.com/news/international/ap-international/russia-strikes-kyiv-as-troops-consolidate-gains-in-the-east/ | 2022-06-26T19:01:39Z |
Presentation at ENDO 2022 shows similar beneficial improvement in body composition irrespective of metabolic impairment
Phase 2b obesity study of bimagrumab monotherapy and co-administration with incretin therapy to start later this year
NEW YORK, June 11, 2022 /PRNewswire/ -- Versanis Bio ("Versanis"), a clinical-stage company advancing novel therapeutics for cardiometabolic diseases, will share analysis of Phase 2 data from prior studies of lead asset bimagrumab at ENDO 2022, being held virtually and in Atlanta June 11-14, 2022.
Dr. Lloyd Klickstein, Chief Scientific Officer of Versanis, will present the data during ENDO's Rapid Fire Poster session on Monday, June 13, from 12:30 until 1:30 p.m. EDT in Poster Pod 3, ENDOExpo Hall. The presentation is entitled "The Dramatic Fat Mass Loss Caused by Bimagrumab is Similar in Diabetic and Non-diabetic Patients." The results of the analysis underscore bimagrumab's robust activity in spurring fat loss in people with and without diabetes, while concomitantly increasing lean mass.
Bimagrumab is a first-in-class activin type II receptor monoclonal antibody previously evaluated in various muscle wasting indications based on its effects on muscle anabolism. This pooled analysis is based on five previously completed Phase 2 studies with data from a total of 569 non-diabetic patients, 41% of whom were overweight or obese.
After only 24 weeks of intravenous treatment with bimagrumab, the top dose group lost 14.6% of total body fat mass, while the placebo group showed a 2.4% increase in fat mass. This change in fat mass is similar to what was observed in a prospective study of 75 overweight and obese type 2 diabetic patients, where at week 24 fat mass loss was 16.5% in the bimagrumab group compared to a 0.8% increase in the placebo group. In this study, by week 48 fat mass in the bimagrumab group had decreased by 20.5% while lean mass increased by 3.6%, with no change in either parameter in the placebo group.
"This analysis further underscores the potential of bimagrumab to transform the lives of patients living with obesity by enabling substantial fat loss with the added unique feature of increasing muscle mass, resulting in significantly improved body composition," Klickstein said. "Furthermore, unlike other existing obesity treatments, bimagrumab demonstrates similar activity in both diabetic and non-diabetic patient populations."
Bimagrumab will enter a Phase 2b study later this year in non-diabetic patients with obesity to evaluate its safety and efficacy both as a monotherapy and when co-administered with an incretin agonist therapy.
"While incretin therapies have demonstrated their effectiveness in driving weight loss, this comes at the expense of significant lean mass loss," Klickstein said. "We believe that co-administering bimagrumab may prevent this undesirable effect while amplifying overall fat loss."
The objective of the Phase 2b combination study will be to demonstrate the potential of bimagrumab to become a novel treatment option that helps patients with obesity lose substantial fat mass without compromising muscle mass or function.
Bimagrumab is a first-in-class, fully human IgG1/λ monoclonal antibody to activin type II receptors that blocks binding of ligands including myostatin, activins and GDF11. Bimagrumab decreases body fat, especially abdominal visceral fat, while at the same time increasing muscle mass. Since initial development, bimagrumab has been administered to more than 1,000 patients across more than 20 clinical studies. It is now being advanced as a novel treatment for patients living with obesity, with additional indications to follow.
Versanis is a privately held, clinical-stage biopharmaceutical company that is transforming the experience of living for people with cardiometabolic disease. The company's lead asset, bimagrumab, is being advanced in a Phase 2b study in obesity, with the goal of helping adults with obesity achieve and maintain both substantial fat loss and a healthy body composition. For more information, please visit https://www.versanisbio.com/.
View original content to download multimedia:
SOURCE Versanis Bio | https://www.wibw.com/prnewswire/2022/06/11/versanis-presents-data-demonstrating-bimagrumab-treatment-leads-substantial-fat-mass-loss-coupled-with-lean-mass-gain-diabetic-non-diabetic-patients/ | 2022-06-11T14:43:22Z |
Portfolio Quality Underscored by April Sales and Strong Leasing Activity at Key Assets
PHILADELPHIA, June 9, 2022 /PRNewswire/ -- PREIT (NYSE: PEI) (the "Company"), a leading real estate investment trust highlighted continued sales, traffic and leasing momentum across its portfolio.
Traffic, sales and leasing activity at Cherry Hill Mall, Springfield Town Center and Woodland Mall demonstrate the strength of PREIT's portfolio despite continued inflationary pressure on consumers. Across these three properties, traffic through May was up nearly 10% over last year, rolling 12-month comparable sales grew by over 3% since the end of 2021 and leasing volume represents nearly 50% of portfolio new leasing activity year-to-date. These results are indicative of the momentum-building strategies, centered around a strong and relevant tenant mix, the PREIT team employs.
At Cherry Hill Mall, PREIT's crown jewel where many new tenants enter the Philadelphia market, sales have improved to $944 per square foot, up from $936 as of December 31, 2021. To date, PREIT has executed new leases with nearly 45,000 square feet of tenants yet to open on the heels of the opening of new-to-portfolio additions, Warby Parker and Marc Cain, earlier this year.
At Springfield Town Center, PREIT continues the transformation of the property into a vibrant multi-use hub and entertainment destination complete with amenities to complement top-notch restaurants, entertainment destinations that include the Regal Cinema, Dave & Buster's and the region's only Lego Discovery Center expected to open in 2023. Sales per square foot are up to $580 compared to just $558 at year end 2021. Leasing activity has been robust accounting for one third of the portfolio activity.
Woodland Mall underwent a transformative redevelopment that was completed in 2019 and has experienced tremendous demand from consumers and tenants, with sales up 5.6% over year end to $667 per square foot. In 2021, the mall welcomed many new-to-portfolio tenants including Rose and Remington, Lovisa and Offline by aerie. This past April, Phoenix Theatres reinvented the moviegoing experience at the property.
"Our strategic portfolio management strategy designed to own top-tier assets in top suburban markets and the top retail destinations in secondary markets continues to yield results," said Joseph F. Coradino, PREIT's Chairman and CEO. "We have attracted new tenants and uses to key locations which fuels consumer demand which leads to success for our tenants and drives the value of our properties."
About PREIT
PREIT (NYSE:PEI) is a publicly traded real estate investment trust that owns and manages innovative properties developed to be thoughtful, community-centric hubs. PREIT's robust portfolio of carefully curated, ever-evolving properties generates success for its tenants and meaningful impact for the communities it serves by keenly focusing on five core areas of established and emerging opportunity: multi-family & hotel, health & tech, retail, essentials & grocery and experiential. Located primarily in densely-populated regions, PREIT is a top operator of high quality, purposeful places that serve as one-stop destinations for customers to shop, dine, play and stay. Additional information is available at www.preit.com or on Twitter, Instagram or LinkedIn.
Forward Looking Statements
This press release contains certain forward-looking statements that can be identified by the use of words such as "anticipate," "believe," "estimate," "expect," "project," "intend," "may" or similar expressions. Forward-looking statements relate to expectations, beliefs, projections, future plans, strategies, anticipated events, trends and other matters that are not historical facts. These forward-looking statements reflect our current expectations and assumptions regarding our business, the economy and other future events and conditions and are based on currently available financial, economic and competitive data and our current business plans. Actual results could vary materially depending on risks, uncertainties and changes in circumstances that may affect our operations, markets, services, prices and other factors as discussed in the Risk Factors section of our other filings with the Securities and Exchange Commission. While we believe our assumptions are reasonable, we caution you against relying on any forward-looking statements as it is very difficult to predict the impact of known factors, and it is impossible for us to anticipate all factors that could affect our actual results. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the effectiveness of strategies we may employ to address our liquidity and capital resources in the future, our ability to achieve our forecasted revenue and pro forma leverage ratio and generate free cash flow to further reduce our indebtedness; our ability to manage our business through the impacts of the COVID-19 pandemic, a weakening of global economic and financial conditions, changes in governmental regulations and related compliance and litigation costs and the other factors listed in our SEC filings. Additionally, our business might be materially and adversely affected by changes in the retail and real estate industries, including bankruptcies, consolidation and store closings, particularly among anchor tenants; current economic conditions, including consumer confidence and spending levels and supply chain challenges and the impact of the COVID-19 pandemic and the public health and governmental response as well as the corresponding effects on tenant business performance, prospects, solvency and leasing decisions; our inability to collect rent due to the bankruptcy or insolvency of tenants or otherwise; our ability to maintain and increase property occupancy, sales and rental rates; increases in operating costs that cannot be passed on to tenants; the effects of online shopping and other uses of technology on our retail tenants; risks related to our development and redevelopment activities, including delays, cost overruns and our inability to reach projected occupancy or rental rates; social unrest and acts of vandalism and violence at malls, including our properties, or at other similar spaces, and the potential effect on traffic and sales; the frequency, severity and impact of extreme weather events at or near our properties; our ability to sell properties that we seek to dispose of or our ability to obtain prices we seek; our substantial debt and the liquidation preference of our preferred shares and our high leverage ratio and our ability to remain in compliance with our financial covenants under our debt facilities; our ability to refinance our existing indebtedness when it matures, on favorable terms or at all; our ability to raise capital, including through sales of properties or interests in properties and through the issuance of equity or equity-related securities if market conditions are favorable; and potential dilution from any capital raising transactions or other equity issuances.
Additional factors that might cause future events, achievements or results to differ materially from those expressed or implied by our forward-looking statements include those discussed herein, and in the sections entitled "Item 1A. Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2021. We do not intend to update or revise any forward-looking statements to reflect new information, future events or otherwise.
Contact:
Heather Crowell
heather@gregoryfca.com
preit@gregoryfca.com
View original content to download multimedia:
SOURCE PREIT | https://www.wibw.com/prnewswire/2022/06/09/preits-premier-properties-continue-grow-sales-face-macro-headwinds/ | 2022-06-09T12:10:42Z |
VANCOUVER, BC, April 7, 2022 /PRNewswire/ - GoldMining Inc. (the "Company" or "GoldMining") (TSX: GOLD) (NYSE American: GLDG) is pleased to announce the appointment of Tim Smith as Vice President Exploration of the Company and as Chief Executive Officer ("CEO") of U.S. GoldMining Inc. ("U.S. GoldMining"), its recently created subsidiary that will be focused on advancing the Company's Whistler gold-copper project, located in Alaska, USA.
Alastair Still, Chief Executive Officer of GoldMining commented: "With a proven and successful track record of exploring for gold systems globally for more than 25 years, including as Vice President Exploration for Kaminak Gold where he led the team at the Coffee Gold Deposit in Yukon, Canada and which was acquired by Goldcorp for C$520 million in 2016, and as Regional Director Generative Exploration, North America for Newmont from June 2019 to April 2022, I am delighted to welcome Tim to the GoldMining team. As we continue to de-risk and advance our projects to unlock value from within our extensive portfolio of gold and gold-copper assets within the Americas, Tim's experience in exploration and project development working for junior and major operating mining companies will be a tremendous benefit to GoldMining as we create value for our shareholders. In particular, the experience Tim brings from leading teams in the north, in Yukon will be a tremendous strength to our newly created subsidiary, U.S. GoldMining as we advance our Whistler gold-copper project in Alaska."
Tim Smith commented: "With an impressive portfolio of gold and gold-copper assets located throughout the Americas, including many with untested exploration potential, I am excited to be joining the GoldMining team. Especially when combined with the opportunity to develop and lead a team to advance and explore the Whistler project in Alaska, the potential to create and add value for our shareholders is compelling and I enthusiastically look forward to leading the next exciting phase of growth for the Company."
Mr. Smith has more than 25 years mineral industry exploration and mining experience, principally exploring for gold mineral systems including orogenic lode gold, porphyry, intrusion related and volcanogenic massive sulphide systems at locations throughout Australia and Canada. Mr. Smith is experienced in exploration project management from generative greenfields to deposit drill-out to feasibility studies. Mr. Smith has a track record of discovery of major gold systems including as Vice President Exploration for Kaminak Gold Corporation where he led the team at the Coffee Gold Deposit in Yukon, Canada and which was acquired by Goldcorp Inc., for C$520 million in 2016. Mr. Smith was Regional Director Generative Exploration, North America for Newmont Corporation from June 2019 to April 2022 and Exploration Director, Goldcorp Inc., from August 2016 to June 2019.
Mr. Smith is a Registered Professional Geoscientist with Professional Geoscientists Ontario and Engineers and Geoscientists British Columbia and holds a Bachelor of Science and Master of Science in Geology from University of Canterbury, New Zealand. Mr. Smith was a co-recipient of the Association for Mineral Exploration British Columbia H.H "Spud" Huestis Award for excellence in prospecting and mineral exploration in 2013, for the drill discovery of the Coffee Gold Deposit.
The Company is a public mineral exploration company focused on the acquisition and development of gold assets in the Americas. Through its disciplined acquisition strategy, the Company now controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, U.S.A., Brazil, Colombia and Peru. The Company also owns 20 million shares of Gold Royalty Corp. (NYSE American: GROY).
This document contains certain forward-looking statements that reflect the current views and/or expectations of GoldMining with respect to its plans to advance and de-risk its projects. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the markets in which GoldMining operates. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: the inherent risks involved in the exploration and development of mineral properties, fluctuating metal prices, unanticipated costs and expenses, risks related to government and environmental regulation, social, permitting and licensing matters, and uncertainties relating to the availability and costs of financing needed in the future. These risks, as well as others, including those set forth in GoldMiningꞌs Annual Information Form for the year ended November 30, 2020, and other filings with Canadian securities regulators and the U.S. Securities and Exchange Commission, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.
View original content:
SOURCE GoldMining Inc. | https://www.kxii.com/prnewswire/2022/04/07/goldmining-announces-appointment-tim-smith-vice-president-exploration-ceo-us-goldmining-inc/ | 2022-04-07T22:40:04Z |
NEW YORK, July 5, 2022 /PRNewswire/ -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Wells Fargo & Company ("Wells Fargo" or "the Company") (NYSE: WFC) and certain of its officers, on behalf of all persons and entities that purchased, or otherwise acquired Wells Fargo securities between February 24, 2021 and June 9, 2022, inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/wfc.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Wells Fargo had misrepresented its commitment to diversity in the Company's workplace; (2) Wells Fargo conducted fake job interviews in order to meet its Diverse Search Requirement; (3) the foregoing conduct subjected Wells Fargo to an increased risk of regulatory and/or governmental scrutiny and enforcement action, including criminal charges; (4) all of the foregoing, once revealed, was likely to negatively impact Wells Fargo's reputation; and (5) as a result, the Company's public statements were materially false and misleading at all relevant times.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/wfc or you may contact Peretz Bronstein, Esq. or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Wells Fargo you have until August 29, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | info@bgandg.com
View original content to download multimedia:
SOURCE Bronstein, Gewirtz & Grossman, LLC | https://www.wibw.com/prnewswire/2022/07/05/bronstein-gewirtz-amp-grossman-llc-notifies-wells-fargo-amp-company-wfc-investors-class-action-encourages-investors-contact-firm/ | 2022-07-05T14:39:59Z |
CHANHASSEN, Minn., June 29, 2022 /PRNewswire/ -- Life Time Group Holdings, Inc. ("Life Time," "we," "our," "us," or the "Company") (NYSE: LTH) today announced that Donna Coallier has been appointed to serve on its Board of Directors effective July 1, 2022. Additionally, Ms. Coallier will serve on the Company's Audit Committee beginning August 15, 2022.
To this position, Ms. Coallier brings significant experience in finance, accounting and strategy having served as a partner at PricewaterhouseCoopers ("PwC"), a multinational professional services and accounting firm, from 1998 to 2017. While with PwC, Ms. Coallier was as an accounting consultant and lead assurance partner for clients. She also oversaw several business units, functions and special project teams, most recently leading the Retail and Consumer Products sector for the Global Capital Allocation Services and Valuation practices. Since 2019, Ms. Coallier has served as Trustee and Board of Health President for the Township of South Orange Village, New Jersey, and lead Trustee for the Township's Community Care & Justice program, which engages community members in designing and traveling their own wellness journeys, since its inception in 2020. Prior to PwC, Ms. Coallier held roles at the Securities and Exchange Commission, Coopers & Lybrand, and Grant Thornton.
Commenting on Ms. Coallier's appointment, Life Time Founder, Chairman and Chief Executive Officer, Bahram Akradi, said, "Donna's finance and accounting expertise, paired with her extensive experience in advising companies, makes her a highly-qualified addition to our Board and Audit Committee. I'm very excited to have her join our Board and lend her expertise as we continue to deliver the best healthy way of life destinations, programs and experiences to our members."
With the addition of Ms. Coallier, Life Time's Board will have 12 members.
Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its portfolio of nearly 160 athletic country clubs across the United States and Canada. The Company's healthy way of life communities address all aspects of healthy living, healthy aging and healthy entertainment for those 90 days to 90+ years with integrity and respect for everyone. With a team of more than 30,000, Life Time is committed to providing the best programs and experiences through its athletic country clubs, iconic athletic events and via a complementary and comprehensive digital platform.
View original content to download multimedia:
SOURCE Life Time Group Holdings, Inc. | https://www.kxii.com/prnewswire/2022/06/29/life-time-appoints-donna-coallier-board-directors/ | 2022-06-29T21:28:27Z |
SCITUATE, R.I. (WPRI) — The Rhode Island State Police said K-9 Ruby was put down on Friday after a “sudden, acute, and untreatable illness.” She was 11 years old.
“Today the Rhode Island State Police family is mourning the death of K-9 Ruby,” said Colonel Darnell Weaver.
In 2017, Ruby was able to find a lost and distressed teenager, who happened to be the son of a shelter volunteer who had cared for her as a puppy. Ruby was named American Humane Hero Dog Search and Rescue Dog of the Year in 2018.
In 2022, Netflix released a film based on her life, “Rescued by Ruby.”
“Her partnership with Corporal O’Neil was a special one and their search and rescue work in our K-9 Unit was a great service to the Rhode Islanders who have needed their help. Her award-winning rescue inspired us and we are grateful for her years of service,” said Weaver.
Ruby was with the Rhode Island State Police for 11 years and handled by Corporal Daniel O’Neil. She was an Australian shepherd and border collie mix, adopted from the RISPCA and was one of the first shelter dogs trained to serve with the department.
During her career, she and Corporal O’Neil participated in many search and rescue missions as part of the K-9 Unit and volunteered with the Community, Diversity and Equity Unit, appearing in schools and at many events.
“She became a symbol of hope for all shelter dogs, showing the world what a shelter dog can do when just given love and the chance to shine,” Weaver added. “She had a full, happy, and wonderful life, not only as a trooper, but as part of a loving family. She worked right until the end and never gave up doing what she loved most – making people smile.”
Ruby lived with Corporal O’Neil and his family. She will be honored privately. | https://cw33.com/news/nexstar-media-wire/k-9-featured-in-netflix-movie-euthanized/ | 2022-05-19T11:09:07Z |
President Joe Biden’s push for sweeping police reforms through legislation, blocked by Republican opposition in Congress, instead will take shape in a more limited executive order set to be announced as soon as Wednesday, the anniversary of the police killing of George Floyd, according to people briefed on the matter.
The Justice Department will require its agents and law enforcement officers to intervene and render aid if they see another officer use excessive force against a detainee — a policy change in tandem with a series of police reform measures that the Biden administration plans to announce in the coming days.
The order, first reported by The Washington Post, is expected to build on reforms that banned chokeholds and restricted no-knock warrants by extending those rules that currently apply to the Justice Department to other federal law enforcement agencies. The Justice Department also has expanded the use of body-worn cameras.
The Biden order also is expected to encourage local and state law enforcement to meet minimum training and state certification standards, the people who have been briefed said.
The Justice Department’s use-of-force policy change, the first since 2004, is contained in a memo issued Friday by the attorney general. The President’s executive order also is expected to expand this policy to other federal law enforcement agencies outside the Justice Department, the people briefed said.
The new policy issued to Justice Department agencies — including the Bureau of Alcohol, Tobacco, Firearms and Explosives, US Marshals Service and FBI — takes effect in July.
“Officers will be trained in, and must recognize and act upon, the affirmative duty to intervene to prevent or stop, as appropriate, any officer from engaging in excessive force or any other use of force that violates the Constitution, other federal laws, or Department policies on the reasonable use of force,” the new policy reads.
It also says officers have a duty to render aid in these cases.
“It is the policy of the Department of Justice to value and preserve human life,” the policy reads. “Officers may use force only when no reasonably effective, safe, and feasible alternative appears to exist and may use only the level of force that a reasonable officer on the scene would use under the same or similar circumstances.”
Derrick Johnson, the president of the NAACP, applauded the upcoming executive order.
“Tomorrow will mark two years since George Floyd’s cruel murder at the hands of police officers,” Johnson said in a statement. “We know full well that an executive order cannot address America’s policing crisis the same way Congress has the ability to, but we’ve got to do everything we can. There’s no better way to honor George Floyd’s legacy than for President Biden to take action by signing a police reform executive order.”
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/biden-expected-to-sign-police-reform-order-as-2nd-anniversary-of-george-floyds-death-approaches/article_8d93cd78-4b59-5b59-b278-7b61d9cf0b4c.html | 2022-05-24T21:45:56Z |
Announcement details the future of integrated Information Management in the Cloud
WATERLOO, ON, June 21, 2022 /PRNewswire/ -- Today at OpenText World EMEA, OpenText™ (NASDAQ: OTEX), (TSX: OTEX) unveiled Project Titanium, the future of information management in the cloud and the next step in the company's cloud journey. Project Titanium solidifies the organization's strategic position as a global leader in information management, giving customers the simplicity, flexibility, and trust to thrive in today's dynamic times through the cloud-based information management.
"Project Titanium is a massive step forward in OpenText Cloud Editions bringing an integrated set of information management suites to the public and private cloud," said Mark J. Barrenechea, OpenText CEO & CTO. "Disruption is accelerating and customer needs are evolving. Organizations need an integrated, easy-to-use set of cloud products to serve as the foundation of modern work, digital supply chains, customer experiences and secure computing. Being intelligent, connected, and responsible through an information advantage will translate exponential opportunities into sustained business value."
Project Titanium will strengthen the OpenText Cloud Platform to provide a common platform for consuming all OpenText software and services. Through this unified platform for cloud applications, integrations, and microservices, OpenText Cloud Editions will be available to customers either off-cloud, in a private cloud or with a public cloud. Open to third party and custom applications and accessible through OpenText APIs, this next level of integrated information management across an ecosystem will enable customers to move more workloads to the cloud securely. Moreover, through the OpenText Cloud Zone, customers and partners will have a new digital resource center to evaluate, administrate, renew, and get support on products more easily.
"OpenText has prioritized its research and development investments in the cloud over the next 18 months at the pace of releases every 90 days," said Muhi Majzoub, OpenText EVP and Chief Product Officer. "Our customer and partner experiences are our priority and with Project Titanium underway, we are making great strides towards empowering them to drive the productivity and profitability they need. Project Titanium will enable the digital fabric for content management and business networks with global scale, new compliance and security standards and a unified experience."
OpenText CEO Mark Barrenechea spoke on Project Titanium during his opening keynote at OpenText World EMEA highlighting the future of the OpenText cloud journey and plans around all initiatives geared toward better serving customers to solve exponential problems. From climate innovation, security and compliance to the green bottom line, Project Titanium is designed to help equip organizations of all sizes for larger opportunities.
To learn more about Project Titanium, read the OpenText blog here.
About OpenText
OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, powered by OpenText Cloud Editions. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com
Connect with us:
Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Copyright © 2022 OpenText. All Rights Reserved. Trademarks owned by OpenText. One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents.
OTEX-G
View original content to download multimedia:
SOURCE Open Text Corporation | https://www.wibw.com/prnewswire/2022/06/21/opentext-accelerates-cloud-investments-with-project-titanium/ | 2022-06-21T09:01:57Z |
Amber Alert: 2-year-old girl reported missing in Georgia
Published: Jun. 11, 2022 at 5:46 PM EDT|Updated: 51 minutes ago
(Gray News) - Police in Georgia have issued a Levi’s Call, that state’s version of an Amber Alert, for a missing 2-year-old girl.
The Georgia Bureau of Investigation says Aubrey Elaine Pogue was last seen Saturday around 3 p.m. in Palmetto on Lorraine Drive.
Aubrey has blonde curly hair and blue eyes. She was last seen wearing a tie-dye sundress and diamond stud earrings.
She is believed to be with suspect Curtis Wayne Pogue in a Ford F-150 truck with tag PXI5373. They were last seen heading north on Interstate 85.
Anyone with information is asked to call 911 or the Coweta County Sheriff’s Office at 770-253-1502.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/06/11/amber-alert-2-year-old-girl-reported-missing-georgia/ | 2022-06-11T22:37:25Z |
TOKYO (AP) — A small robot with a clip-like hand and enough smarts to know which drinks are popular is part of an effort to make convenience stores even more convenient.
On a recent day in Tokyo, the robot named TX SCARA slid back and forth behind the refrigerated shelves in the back of a FamilyMart store.
The hand on the end of its mechanical arm grasped a bottle or can from the stacks to the side, then the robot slithered to the right spot and placed the drink on the shelf — in a place chosen after its artificial intelligence and tiny cameras matched the kind of beverage to what’s running short.
TX SCARA is filling a needed role in Japan’s “conbini,” as the ubiquitous tiny stores selling snacks, drinks and knick-knacks are called.
Most such stores are open 24-seven, filled with 3,000 kinds of products, but have relatively few workers. The beverage shelves in the back are farthest from the cash register, keeping workers running back and forth. And the beverage space is refrigerated, uncomfortably cold for people to stay there too many hours.
TX SCARA, which goes at an undisclosed price, can restock up to 1,000 bottles and cans a day. Its artificial intelligence, called “GORDON,” knows when and where products need to be placed on shelves, according to Tokyo-based Telexistence, which created TX SCARA.
“We want to automate all the repetitive jobs and boring jobs done by humans. That is the direction we are going. And the best way to do that is to use the robots,” Chief Executive Jin Tomioka said.
Industrial robots are already common in factories, but Tomioka’s 50-employee company sees great potential at warehouses and home centers, he said. His robots are far more affordable than industrial robots, such as those at auto plants, but can prove just as crucial for social needs, designed to coexist and collaborate with people, helping out with routine and rudimentary tasks.
Tomioka’s robots are tailored for existing stores, which don’t have to change their layout or routine. Their hardware uses Nvidia GPU-accelerated AI technologies to allow for remote control over Azure, the cloud computing service operated by Microsoft.
A Telexistence operator wearing virtual reality glasses can see problems when they occur, such as a dropped beverage, and fix them from the company office.
TX SCARA is now at 300 of the 16,000 FamilyMart stores in Japan. There are 40,000 more conbini in Japan, and the U.S. has about 150,000 convenience stores.
With its aging population, Japan has a labor shortage that’s expected to only get more severe in coming years.
FamilyMart Executive Officer Tomohiro Kano referred to the Japanese expression “seeking even a cat’s paw for help” to describe how desperate a situation might get. “At FamilyMart, we are seeking a robot’s arm for help,” he said with a laugh.
While modern robots are taking on serious work like mapping disaster zones and helping doctors perform surgery, the humble TX SCARA tirelessly does the unglamorous work of stocking shelves with bottled tea and orange drinks.
IT worker Taisuke Miyaki watched the robot working as he peered into the beverage shelf. He acknowledged he hadn’t noticed it before although he shops at FamilyMart often, especially for his favorite bottled jasmine tea.
“Come to think of it, the shelves are always nicely stocked lately,” he said.
___
Yuri Kageyama is on Twitter https://twitter.com/yurikageyama | https://cw33.com/technology/ap-technology/ap-robot-that-stocks-drinks-is-newest-thing-at-the-corner-store/ | 2022-09-01T03:56:41Z |
‘Sugar Shack,’ an iconic painting featured on a Marvin Gaye album cover, sells for $15.3 million
Hannah Ryan, CNN
A painting that served as the cover for one of legendary soul singer Marvin Gaye’s albums has sold at auction for almost $15.3 million.
Ernie Barnes’ joyous depiction of a frenetic scene in a dance hall, titled “The Sugar Shack,” sold to Bill Perkins, a hedge fund manager and entrepreneur, after 10 minutes of bidding by more than 22 bidders, confirmed Christie’s auction house.
According to Christie’s, the final sale price for “The Sugar Shack” was 27 times higher than the most expensive Barnes work to sell before it. It also blew past its estimated sale price of $150,000 to $200,000.
Barnes, who died in 2009, was born in North Carolina in 1938 and often drew upon his own experiences growing up in the American South during the Jim Crow era in his depictions of social moments and images of quotidian Black life.
In a 2002 interview, in which the Oakland Tribune described Barnes as the “Picasso of the Black art world,” the artist said he got the idea for “The Sugar Shack” from reflecting on his childhood and “not being able to go to a dance I wanted to go to when I was 11.”
“The Sugar Shack” has become a widely recognized image — thanks in part to its appearance on Gaye’s 1976 “I Want You” album and to its use across four seasons of the sitcom “Good Times,” which centered around the lives of a poor family in the Chicago housing projects.
Barnes was a professional American football player before becoming a painter and many of his artworks depicted sporting scenes, such as basketball and football games. Barnes told the Oakland Tribune in 2002: “I paint when ideas come and I see a vision of what I want from our common humanity.”
Barne’s work appeared on other album covers over the years including a 1984 cover for the The Crusaders and B.B. King’s 2000 album “Making Love is good for you.”
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/2022/05/13/sugar-shack-an-iconic-painting-featured-on-a-marvin-gaye-album-cover-sells-for-15-3-million/ | 2022-05-13T17:39:22Z |
Bruce Springsteen and E Street Band heading back on tour
By Chloe Melas, CNN
Get your tickets because Bruce Springsteen is hitting the road next year.
“The Boss” and the E Street Band will kick off their next tour in 2023, their first together since 2017.
The first stop is April 28 in Barcelona. Springsteen posted the European leg of the tour to his Instagram on Tuesday.
US tour dates have not yet been announced.
The E Street Band and Springsteen have performed together since 1972. They were inducted into the Rock and Roll Hall of Fame in 2014. Springsteen’s wife, Patti Scialfa is one of the band’s guitarists.
The band has also performed with other well known artists like Bob Dylan, Aretha Franklin, Lady Gaga, Paul McCartney and Stevie Nicks.
Tickets for the tour go on sale Friday.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/2022/05/24/bruce-springsteen-and-e-street-band-heading-back-on-tour/ | 2022-05-24T20:56:07Z |
Missing New Hampshire children found safe in Maine
SOMERSWORTH, N.H. (WGGB/WSHM/Gray News) - Authorities in New Hampshire say two children at the center of an Amber Alert for have been found safe.
New Hampshire State Police reported on Friday that 11-year-old Alaina Wilson and 8-year-old Chance Wilson were found safe in Maine.
An Amber Alert was issued for the two kids after they were reported missing around 9:45 p.m. Thursday. They were last seen at their Somersworth, New Hampshire home, where they live with their grandmother who has custody of them, around 7:30 p.m. Thursday.
Investigators believed that Alaina and Chance were abducted by their biological mother, 32-year-old Kaileigh Nichols.
“Both children appeared to have been removed from the residence through a window,” New Hampshire State Police explained, adding that Alaina’s phone was left on her bed.
New Hampshire State Police have not provided further details about the case.
Copyright 2022 WGGB/WSHM via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/06/17/amber-alert-issued-two-children-new-hampshire/ | 2022-06-17T14:58:39Z |
Of the 7.6 companion animals who end up in U.S. shelters each year, 3.4 million are cats. Also annually, 2.7 million animals are euthanized in shelters; 1.4 million of them are cats. With an estimated 3,500 physical shelter locations around the country, odds are good you’re within close proximity to a shelter with cats looking for a home.
Stacker compiled a list of cats available for adoption in Dallas on Petfinder, ranging in age, breed composition, temperament, and needs. Be sure to do your research on any cat you’re interested in taking home to ensure a good fit with your own lifestyle to ensure the animal you select will be enjoying a forever home with you.
Keep reading to meet some amazing felines available for adoption in Dallas, Texas.
You may also like: Dogs available for adoption in Dallas
1 / 27Petfinder
CATRA
– Gender: Female
– Age: Baby
– Breed: Domestic Short Hair
– Read more on Petfinder
2 / 27Petfinder
SHE-RA
– Gender: Female
– Age: Baby
– Breed: Domestic Short Hair
– Read more on Petfinder
3 / 27Petfinder
Jean Lafitte
– Gender: Male
– Age: Young
– Breed: Domestic Short Hair
– Read more on Petfinder
4 / 27Petfinder
Prissy
– Gender: Female
– Age: Baby
– Breed: Domestic Medium Hair, Domestic Short Hair (mixed)
– Read more on Petfinder
5 / 27Petfinder
OSCAR
– Gender: Male
– Age: Baby
– Breed: Domestic Short Hair
– Read more on Petfinder
You may also like: Most expensive homes for sale in Dallas
6 / 27Petfinder
CORA
– Gender: Female
– Age: Baby
– Breed: Domestic Short Hair
– Read more on Petfinder
7 / 27Petfinder
Hayley
– Gender: Female
– Age: Adult
– Breed: Domestic Medium Hair, Domestic Short Hair (mixed)
– Read more on Petfinder
8 / 27Petfinder
Elvira
– Gender: Female
– Age: Senior
– Breed: Domestic Short Hair
– Read more on Petfinder
9 / 27Petfinder
Cotton Candy
– Gender: Female
– Age: Baby
– Breed: Dilute Calico
– Read more on Petfinder
10 / 27Petfinder
Asiago
– Gender: Male
– Age: Young
– Breed: Domestic Short Hair
– Read more on Petfinder
You may also like: Highest-rated things to do in Dallas, according to Tripadvisor
11 / 27Petfinder
Izzy
– Gender: Female
– Age: Young
– Breed: Tabby
– Read more on Petfinder
12 / 27Petfinder
LUTHER
– Gender: Male
– Age: Adult
– Breed: Domestic Short Hair
– Read more on Petfinder
13 / 27Petfinder
Luke
– Gender: Male
– Age: Young
– Breed: Domestic Short Hair
– Read more on Petfinder
14 / 27Petfinder
Cheddar
– Gender: Female
– Age: Baby
– Breed: Domestic Short Hair
– Read more on Petfinder
15 / 27Petfinder
Jammer
– Gender: Female
– Age: Baby
– Breed: Domestic Short Hair
– Read more on Petfinder
You may also like: Highest-rated seafood restaurants in Dallas, according to Tripadvisor
16 / 27Petfinder
Crunch
– Gender: Male
– Age: Baby
– Breed: Domestic Short Hair
– Read more on Petfinder
17 / 27Petfinder
Capri
– Gender: Female
– Age: Baby
– Breed: Domestic Short Hair
– Read more on Petfinder
18 / 27Petfinder
Ham
– Gender: Male
– Age: Baby
– Breed: Domestic Short Hair
– Read more on Petfinder
19 / 27Petfinder
CASPER
– Gender: Male
– Age: Young
– Breed: Siamese
– Read more on Petfinder
20 / 27Petfinder
Billy
– Gender: Male
– Age: Adult
– Breed: Domestic Short Hair
– Read more on Petfinder
You may also like: How Dallas feels about climate change
21 / 27Petfinder
IGGY
– Gender: Female
– Age: Young
– Breed: Domestic Short Hair
– Read more on Petfinder
22 / 27Petfinder
Lake
– Gender: Male
– Age: Young
– Breed: Domestic Short Hair, Siamese (mixed)
– Read more on Petfinder
23 / 27Petfinder
Tipitina
– Gender: Female
– Age: Baby
– Breed: Domestic Short Hair
– Read more on Petfinder
24 / 27Petfinder
Twinkie
– Gender: Male
– Age: Baby
– Breed: American Shorthair
– Read more on Petfinder
25 / 27Petfinder
Churro
– Gender: Male
– Age: Baby
– Breed: Tabby
– Read more on Petfinder
You may also like: Highest-earning zip codes in Dallas metro area
26 / 27Petfinder
Funnel Cake
– Gender: Male
– Age: Baby
– Breed: American Shorthair
– Read more on Petfinder
27 / 27Petfinder
CHLOE
– Gender: Female
– Age: Adult
– Breed: Domestic Short Hair
– Read more on Petfinder | https://cw33.com/news/local/cats-available-for-adoption-in-dallas-10/ | 2022-09-15T23:15:17Z |
GIBRALTAR, July 7, 2022 /PRNewswire/ -- Thalex, a trading platform offering stablecoin-settled crypto options and futures, announced it has closed its Series A funding round of EUR 7.5 million. Among the participants are Bitfinex, Bitstamp, Flow Traders, IMC, QCP and Wintermute. These strategic investors will support the company's ambition to enable on-exchange trading of crypto derivatives at scale by removing friction, ensuring platform reliability and partnering with liquidity providers and major exchanges.
Key features of the Thalex trading platform include:
- Linear BTC and ETH contracts with multi-collateral support (BTC, ETH, USDt and USDC).
- Trading fees are anchored on 1 bps maker and taker, and fee advantages for multi-leg options and futures strategies (RFQ).
- Future rolls with dedicated order books.
- RFQs for multi-leg options and futures strategies, in any size.
- A market maker scheme with competitive fee levels, market maker protection and excellent connectivity to foster healthy competition among liquidity providers on a level playing field.
- Portfolio-based margining offering capital efficiency for delta and vega offsetting positions, but adequate requirements for wing risks.
- An efficient liquidation process involving automated delta-hedging to limit market impact and liquidation auctions to enable an orderly reduction of complex risks.
Thalex is partnering with Bitfinex and Bitstamp to enable their customers to access the full suite of Thalex derivatives from their own user interface. Positions on Thalex can be opened with collateral held with the partner exchange after an instant and free transfer to a dedicated Thalex margin account. The Bitfinex partnership is expected to be operational later this year.
Paolo Ardoino, CTO of Bitfinex
"We are delighted to participate in this funding round with Thalex and see huge potential for the stablecoin-settled futures and options market."
Jean-Baptiste Graftieaux, CEO of Bitstamp
"Thalex's unique value proposition will enable Bitstamp to streamline our go-to-market for derivatives and participate in the fast-growing crypto derivatives market. This investment marks the beginning of a close strategic partnership and plays an important role in Bitstamp's corporate strategy."
Michael Lie, Head of Digital Assets Trading EMEA of Flow Traders
"Flow Traders is excited to support Thalex via our dedicated corporate venture capital unit, Flow Traders Capital. Thalex's ambition of creating a scalable infrastructure that enables on-exchange trading in crypto derivatives is another step forward in making trading digital assets more accessible and efficient. We are looking forward to working with Thalex and building a long-term strategic partnership."
Darius Sit, Founder of QCP Capital
"Crypto options are one of the fastest-growing segments of the space and have proven to be robust through multiple market cycles. We believe the next phase of growth will be exponential. The Thalex team have built a platform combining best practices from both crypto and traditional finance. We look forward to supporting Thalex in its efforts to expand the fast-growing crypto options ecosystem."
About Thalex
Thalex is a crypto-native derivatives exchange founded by a multi-faceted team of experts in traditional brokerage, crypto and market making. The trading platform is now available for public testing at www.thalex.com and will go live soon. Thalex is in the process of being authorised as a regulated DLT provider by the Gibraltar Financial Services Commission.
Media Contact
CONTACT Luc van Hecke
COMPANY Thalex Digital Exchange Limited
EMAIL luc@thalex.com
WEB www.thalex.com
Logo - https://mma.prnewswire.com/media/1855097/Thalex_Logo.jpg
View original content to download multimedia:
SOURCE Thalex | https://www.wibw.com/prnewswire/2022/07/07/new-crypto-options-futures-exchange-thalex-closes-series-funding-round/ | 2022-07-07T11:01:10Z |
BOSTON, June 22, 2022 /PRNewswire/ -- Burns & Levinson announced today that partner Ellen Zucker has been ranked Band 1 and partner Laura Studen has been ranked Band 2 in the Labor & Employment: Mainly Plaintiffs Representation category (Massachusetts) in the 2022 edition of Chambers USA. Burns & Levinson also ranked Band 2 firmwide in the MA Labor & Employment: Mainly Plaintiffs Representation.
According to Chambers, Burns & Levinson is "respected for its adroit counseling of plaintiffs in all aspects of the working relationship, spanning from the pre-hiring process to the termination of employment." Specific areas of expertise include "discrimination, wrongful termination and wage and hour issues, before both state and federal courts" and "advising on labor relations and employee benefits issues."
Zucker, who is well-known for her powerful trial advocacy for clients, was singled out for her "discrimination case work" and "strong focus on employment disputes for high-level executive clients." Studen, who is recognized as a skillful lawyer, was "praised for being relentless in helping her clients" in their plaintiff-side employment disputes.
Chambers has ranked the best law firms and lawyers since 1990, and covers 190 countries worldwide. Inclusion is based solely on extensive, confidential interviews with thousands of lawyers and clients to identify the leading law firms and lawyers worldwide. Law firms and individual lawyers are ranked based on their technical legal ability, professional conduct, client service, commercial astuteness, diligence, and commitment. Attorneys and law firms are ranked in bands from 1-6, with 1 being the highest.
About Burns & Levinson LLP
At Burns & Levinson, we provide high-level, client-centric and results-oriented legal services to our regional, national and international clients. We are a full-service law firm with over 125 lawyers in Boston, Providence and London. Our areas of expertise include: business/finance, business litigation, cannabis, divorce/family law, venture capital/emerging companies, employment, estate planning, government investigations, intellectual property, M&A/private equity, probate/trust litigation, and real estate. We partner with our clients to solve their business and personal legal issues in a collaborative, creative and cost-effective way. For more information, visit Burns & Levinson at www.burnslev.com.
View original content to download multimedia:
SOURCE Burns & Levinson | https://www.wibw.com/prnewswire/2022/06/22/burns-amp-levinson-partners-laura-studen-ellen-zucker-ranked-top-labor-amp-employment-plaintiffs-attorneys-chambers-usa-2022/ | 2022-06-22T14:16:20Z |
A flashy Brooklyn pastor known for wearing designer outfits and extravagant jewelry says he was robbed along with his wife of more than $1 million while he was preaching at church Sunday.
Police say they received a report that three people entered the Leaders of Tomorrow church Sunday with firearms and removed the jewelry pastor Lamor Miller-Whitehead, who goes by Bishop, and his wife were wearing. Police noted the investigation is "ongoing."
Part of the reported incident was captured on video from inside the church. A portion of the livestream was obtained by CNN affiliate WCBS before it was removed and shows at least one perpetrator holding a gun on the pastor and interrupting his sermon.
"All right, all right, all right," Whitehead says in the video, as he raised his hands and lowered himself to the floor.
The video is no longer available on the church's livestream, but Whitehead told WCBS what happened.
"That -- 'all right, all right, all right' -- is pretty much stating that I don't want, I'm not going to do anything, right, 'cause I know y'all coming for me, y'all coming straight to me. I don't want my parishioners hurt," he said.
"I got women and children there. As I got down, one went to my wife and took all her jewelry, and had the gun in front of my 8-month-old baby's face," he continued.
"Took off my bishop's ring, my wedding band and took off my bishop chain, and then I had chains underneath my robe, and he start tapping my neck to see if (there was) anything else -- so that means they knew, they watched and they knew that I have other jewelry," he said.
Whitehead said there were gunmen with firearms raised to deacons at the door as well. There were about 20 to 25 congregants present, police said.
"My church is traumatized," Whitehead said.
The NYPD said they received a report that the suspects took more than $1 million worth of jewelry and then fled the location on foot. They reportedly entered a white Mercedes-Benz vehicle and were seen traveling eastbound on Avenue D, police said.
Pastor highlights ties to Mayor Eric Adams
According to his bio, Whitehead attended the New York Theological Seminary and completed his studies with a certificate in Ministry in Human Services from the Theological Institution of Rising Hope Inc. It touts him as a licensed New York State Chaplain and a certified marriage and funeral officiant.
His church bio also says he was "adopted as a mentee" by Eric Adams, the former Brooklyn Borough President and current mayor of New York.
"No one in this city should be the victim of armed robbery, let alone our faith leaders and congregants worshiping in a House of God," Adams said in a statement. "The NYPD is investigating this crime and will work tirelessly to bring the criminals involved to justice."
Whitehead encouraged those responsible to turn themselves in to police.
"I forgive you and I'm praying for you, you know, and I hope that God delivers you from the mindset of who you are at this time," he said.
Whitehead and his church have not returned calls for comment.
The pastor made headlines in June when he said he was involved in trying to negotiate the surrender of a man accused of shooting and killing a Goldman Sachs employee on a New York City subway. Police ultimately arrested the man before he could voluntarily surrender.
Whitehead's verified Instagram account details his extravagant shows of wealth, including Louis Vuitton-emblazoned suits, large jewelry and flashy cars. In a video on Sunday night, he pushed aback against the media headlines referring to him as "flashy."
"It's not about me being flashy. It's about me purchasing what I want to purchase," he said. "It's my prerogative to purchase what I want to purchase. If I worked hard for it, I can purchase what I want to purchase."
Clarification: This story has been updated to clarify that police received a report about the incident.
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/brooklyn-pastor-says-he-and-his-wife-were-robbed-of-more-than-1-million-in/article_673d778c-9487-5439-91bd-5e324dcacbf8.html | 2022-07-25T23:32:34Z |
Long-time healthcare executive brings expertise in client management, strategy execution, operational performance, and value-based outcomes
PLYMOUTH, Mass., Aug. 29, 2022 /PRNewswire/ -- FrontRunnerHC, a leading SaaS technology provider that helps healthcare facilities and labs maximize reimbursements with instantaneous access to accurate patient demographic, insurance, and financial information, today announced the hiring of Tim Mueller as the company's Vice President of Client Services.
Mueller brings decades-long experience in client management and executive leadership with several national healthcare companies. At FrontRunnerHC, Mueller will help ensure the success of the company's many clients through the leadership and deployment of their Implementation, Operations, and Client Success teams.
FrontRunnerHC CEO John (JD) Donnelly said, "Tim's extensive experience in client engagement, quality improvement, and revenue cycle management coupled with his experience working inside healthcare organizations are the perfect combination for this new role at FrontRunnerHC." He added, "I have no doubt that his strategic and tactical expertise will further fuel our clients' success as well as the success of FrontRunnerHC."
Prior to joining FrontRunnerHC, Mueller was the VP of Client Success at XSOLIS where he led the client support, account management, and clinical engagement teams responsible for the satisfaction, growth, and renewal of their provider and payer clients. Mueller also spent 10 years at UnitedHealth Group (Optum and UnitedHealthcare) in a variety of executive roles including VP of National Accounts. He also held leadership and consulting positions at other respected healthcare companies including GE Healthcare, Cerner, and HealthSouth Rehabilitation Hospital (now Encompass Health).
"Throughout my career, I've been passionate about healthcare. I have a deep appreciation for the patient care that labs and healthcare organizations provide and understand firsthand the need for strong healthcare operations and financials for their sustainability and growth," says Mueller. "Working with FrontRunnerHC and its wide suite of healthcare clients is particularly exciting to me given the many challenges organizations face. I see a real opportunity to help them in achieving their goals and improving their bottom line in a patient-centric way."
Mueller has earned master's degrees in business administration, healthcare administration, and physical therapy. His MBA and MSHA are from the University of Colorado-Denver, his MSPT is from the University of Colorado Health Sciences Center, Physical Therapy Program in Denver, and his BA in biology is from Capital University, Columbus, OH. He is Six Sigma Black Belt certified and has served as a Malcolm Baldrige National Quality Award Examiner. Mueller is member of the American College of Healthcare Executives (ACHE).
FrontRunnerHC's data automation platform helps healthcare organizations maximize reimbursement while also enhancing their patients' experience with instantaneous access to patient demographic, insurance, and financial information as early as possible and often as needed. FrontRunnerHC finds, verifies, and fixes patient information in real-time and at any point during the care journey, leveraging its access to the most payers in the industry. Defining the patient experience as the clinical journey + the financial journey™, FrontRunnerHC helps address the challenges that jeopardize both the organization's ability to get paid and their patients' experience. FrontRunnerHC has been recognized with many industry accolades including Inc. magazine's list of "America's fastest-growing private companies" for four years in a row and Inc.'s 2022 list of "America's Best Workplaces".
Contact: John Donnelly, FrontRunnerHC
Phone: 508-746-5500
Email: information@frhc.com
View original content to download multimedia:
SOURCE FrontRunnerHC | https://www.wibw.com/prnewswire/2022/08/29/frontrunnerhc-names-tim-mueller-vp-client-services/ | 2022-08-29T13:50:30Z |
Board declares $1.30 quarterly dividend per share and authorizes new share repurchase program of up to $200 million
LEBANON, Tenn., June 7, 2022 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the third quarter of fiscal 2022 ended April 29, 2022.
Third Quarter Fiscal 2022 Highlights
- The Company reported third quarter total revenue of $790.2 million. Compared to the prior year third quarter, total revenue increased 10.8%.
- GAAP operating income for the third quarter was $30.5 million, or 3.9% of total revenue, and adjusted1 operating income was $33.6 million, or 4.3% of total revenue.
- GAAP net income was $27.5 million, or 3.5% of total revenue. EBITDA1 was $59.6 million, or 7.5% of total revenue.
- GAAP earnings per diluted share were $1.19, and adjusted1 earnings per diluted share were $1.29.
- The Company paid $30.3 million in dividends and repurchased $39.2 million in shares for a total of $69.5 million returned to shareholders in the third quarter, as part of a total $158.3 million returned to shareholders year-to-date.
- The Company announced that its Board of Directors declared a regular quarterly dividend of $1.30 per share and authorized a new share repurchase program of up to $200 million of the Company's outstanding common stock.
Commenting on the third quarter results Cracker Barrel President and Chief Executive Officer Sandra B. Cochran said, "A challenging macro environment, including deteriorating consumer sentiment and high inflationary pressures, impacted both our top and bottom lines in the third quarter. Despite these challenges, our teams worked hard to deliver on our mission of Pleasing People and continue our strong retail and off-premise performance. Going forward, we are pursuing a variety of strategic initiatives to grow the business, including focusing on store-level execution to provide a superior guest experience, expanding Maple Street Biscuit Company, and positioning Cracker Barrel to be even more attractive to both our core guests as well as a broader audience. Despite the challenges of the present environment, we are optimistic that these initiatives will position us well for future growth, and I'm confident that our teams will deliver them for the benefit of our guests and our shareholders."
Third Quarter Fiscal 2022 Results
Revenue
The Company reported total revenue of $790.2 million for the third quarter of fiscal 2022, representing an increase of 10.8% compared to the third quarter of fiscal 2021, and an increase of 6.8% compared to the third quarter of 2019. Cracker Barrel comparable store restaurant, retail, and total sales compared to the third quarter of fiscal 2021 and versus the third quarter of fiscal 20192 were as follows:
Operating Income
GAAP operating income for the third quarter was $30.5 million, or 3.9% of total revenue, a 42.0% decrease compared to prior year quarter GAAP operating income of $52.5 million, or 7.4% of total revenue. Excluding the approximately $3.2 million in non-cash amortization related to the gains on the previously disclosed sale and leaseback transactions, adjusted1 operating income for the third quarter was $33.6 million, or 4.3% of total revenue, a 39.6% decrease compared to the prior year quarter adjusted1 operating income of $55.7 million, or 7.8% of total revenue. As a percentage of total revenue, the unfavorable variance to the prior year period is primarily due to elevated inflation, as well as increased restaurant management headcount and improved hourly staffing levels.
Net Income and EBITDA
GAAP net income for the third quarter was $27.5 million, or 3.5% of total revenue, a 17.8% decrease compared to prior year quarter GAAP net income of $33.5 million, or 4.7% of total revenue. EBITDA1 was $59.6 million, or 7.5% of total revenue, a 28.1% decrease compared to the prior year quarter EBITDA1 of $82.8 million, or 11.6% of total revenue.
Earnings per Diluted Share
GAAP earnings per diluted share for the third quarter were $1.19, a 15.6% decrease compared to the prior year quarter GAAP earnings per diluted share of $1.41. Adjusted1 earnings per diluted share were $1.29, a 14.6% decrease compared to the prior year quarter adjusted1 earnings per diluted share of $1.51.
Quarterly Dividend and Share Repurchase Authorization
The Company announced that its Board of Directors declared a quarterly dividend of $1.30 per share on the Company's common stock. The quarterly dividend is payable on August 5, 2022 to shareholders of record as of July 15, 2022. Additionally, the Company's Board of Directors authorized a new share repurchase program of up to $200 million of the Company's outstanding common stock, which replaced the remaining portion under the prior authorization.
Maple Street Biscuit Company Leadership Update
The Company announced that John Maguire joined Maple Street Biscuit Company as its President on May 16, 2022. Mr. Maguire has more than 30 years of leadership experience in the restaurant industry, including as Executive Vice President and Chief Operating Officer of Panera Bread.
Fiscal 2022 Fourth Quarter Outlook
The Company anticipates the near-term consumer environment will remain challenged due to high inflation and lower consumer confidence especially for the age sixty-five-plus consumer group. Additionally, the Company expects operating margins in the fourth quarter to be adversely impacted by commodity, wage, and other operating expenses inflation. Taking these and other factors into account, the Company anticipates fourth quarter 2022 revenue to be approximately 8.0% above the prior year fourth quarter, and fourth quarter 2022 adjusted1 operating income margin to be in the range of 4.0% to 4.5% of total revenue.
Additionally for the fourth quarter of fiscal 2022, the Company expects:
- Commodity inflation of 16% to 18% and wage inflation of 8% to 10%;
- Capital expenditures of approximately $30 million;
- An effective tax rate of approximately 8%; and
- The opening of six new Maple Street Biscuit Company units, bringing the total new store count for fiscal 2022 to 10 Maple Street Biscuit Company locations.
The Company reminds investors that its outlook for fiscal 2022 reflects a number of assumptions, many of which are outside the Company's control.
Fiscal 2022 Third Quarter Conference Call
As previously announced, the live broadcast of Cracker Barrel's quarterly conference call will be available to the public on-line at investor.crackerbarrel.com today beginning at 11:00 a.m. (ET). The on-line replay will be available at 2:00 p.m. (ET) and continue through June 21, 2022.
About Cracker Barrel Old Country Store®
Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) provides a caring and friendly home-away-from-home experience while offering guests high-quality homestyle food to enjoy in-store or to-go and unique shopping — all at a fair price. Established in 1969 in Lebanon, Tenn., Cracker Barrel and its affiliates operate more than 660 company-owned Cracker Barrel Old Country Store® locations in 45 states and own the fast-casual Maple Street Biscuit Company. For more information about the Company, visit crackerbarrel.com.
CBRL-F
Except for specific historical information, certain of the matters discussed in this press release may express or imply projections of revenues or expenditures, statements of plans and objectives or future operations or statements of future economic performance. These, and similar statements are forward-looking statements concerning matters that involve risks, uncertainties and other factors which may cause the actual performance of Cracker Barrel Old Country Store, Inc. and its subsidiaries to differ materially from those expressed or implied by this discussion. All forward-looking information is subject to completion of our financial procedures for Q3 FY 2022 and is provided pursuant to the safe harbor established under the Private Securities Litigation Reform Act of 1995 and should be evaluated in the context of these factors. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "trends," "assumptions," "target," "guidance," "outlook," "opportunity," "future," "plans," "goals," "objectives," "expectations," "near-term," "long-term," "projection," "may," "will," "would," "could," "expect," "intend," "estimate," "anticipate," "believe," "potential," "regular," "should," "projects," "forecasts," or "continue" (or the negative or other derivatives of each of these terms) or similar terminology and include the expected effects of COVID-19 on our business, financial condition and results of operations and of operational improvement initiatives, such as new menu items and retail offerings. Factors which could materially affect actual results include, but are not limited to: risks and uncertainties associated with the COVID-19 pandemic, including the duration of the COVID-19 pandemic and its ultimate impact on our business, levels of consumer confidence in the safety of dine-in restaurants, restrictions (including occupancy restrictions) imposed by governmental authorities, the effectiveness of cost saving measures undertaken throughout our operations, disruptions to our operations as a result of the spread of COVID-19 in our workforce, and our level of indebtedness, or constraints on our expenditures, ability to service our debt obligations or make cash distributions to our shareholders or cash management generally; general or regional economic weakness, business and societal conditions, and weather on sales and customer travel; discretionary income or personal expenditure activity of our customers; information technology-related incidents, including data privacy and information security breaches, whether as a result of infrastructure failures, employee or vendor errors, or actions of third parties; our ability to identify, acquire and sell successful new lines of retail merchandise and new menu items at our restaurants; our ability to sustain or the effects of plans intended to improve operational or marketing execution and performance; uncertain performance of acquired businesses, strategic investments and other initiatives that we may pursue now or in the future; changes in or implementation of additional governmental or regulatory rules, regulations and interpretations affecting tax, wage and hour matters, health and safety, pensions, insurance or other undeterminable areas; the effects of plans intended to promote or protect our brands and products; commodity price increases; the ability of and cost to us to recruit, train, and retain qualified hourly and management employees; the effects of increased competition at our locations on sales and on labor recruiting, cost, and retention; workers' compensation, group health and utility price changes; consumer behavior based on negative publicity or changes in consumer health or dietary trends or safety aspects of our food or products or those of the restaurant industry in general, including concerns about outbreaks of infectious disease, as well as the possible effects of such events on the price or availability of ingredients used in our restaurants; the effects of our indebtedness, including under our credit facility and our convertible senior notes, and associated restrictions on our financial and operating flexibility and ability to execute or pursue our operating plans and objectives; changes in interest rates, increases in borrowed capital or capital market conditions affecting our financing costs and ability to refinance all or portions of our indebtedness; the effects of dilution of our existing stockholders' ownership interest that may ensue from any conversions of our convertible senior notes or the related warrants issued in connection with our convertible note hedging transactions; the effects of business trends on the outlook for individual restaurant locations and the effect on the carrying value of those locations; our ability to retain key personnel; the availability and cost of suitable sites for restaurant development and our ability to identify those sites; our ability to enter successfully into new geographic markets that may be less familiar to us; changes in land, building materials and construction costs; the actual results of pending, future or threatened litigation or governmental investigations and the costs and effects of negative publicity or our ability to manage the impact of social media associated with these activities; economic or psychological effects of natural disasters or unforeseen events such as terrorist acts, social unrest or war and the military or government responses to such events; disruptions to our restaurant or retail supply chain, including as a result of COVID-19; changes in foreign exchange rates affecting our future retail inventory purchases; the impact of activist shareholders; our reliance on limited distribution facilities and certain significant vendors; implementation of new or changes in interpretation of existing accounting principles generally accepted in the United States of America ("GAAP"); and other factors described from time to time in our filings with the Securities and Exchange Commission, press releases, and other communications. Any forward-looking statement made by us herein, or elsewhere, speaks only as of the date on which made. We expressly disclaim any intent, obligation or undertaking to update or revise any forward-looking statements made herein to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.
CRACKER BARREL OLD COUNTRY STORE, INC.
Reconciliation of GAAP-basis operating results to non-GAAP operating results
(Unaudited)
Adjusted Operating Income and Earnings Per Share
In the accompanying press release, the Company makes reference to its third quarter fiscal 2021 and fiscal 2022 adjusted operating income and earnings per share. In regards to fiscal 2022 and fiscal 2021, this reconciliation excludes non-cash amortization of the asset recognized from the gains on the sale and leaseback transactions and the related tax impact. The Company believes excluding these items from its financial results provides investors with an enhanced understanding of the Company's financial results and enhances comparability across periods. This information is not intended to be considered in isolation or as a substitute for operating income or earnings per share information prepared in accordance with GAAP.
CRACKER BARREL OLD COUNTRY STORE, INC.
Reconciliation of GAAP-basis operating results to non-GAAP operating results (Unaudited and in thousands)
EBITDA
In the accompanying press release, the Company makes reference to its third quarter fiscal 2021 and 2022 EBITDA. The Company defines EBITDA as net income excluding depreciation and amortization, non-cash amortization of the asset recognized from the gains on sale and leaseback transactions, interest expense and tax expense. The Company believes that presentation of EBITDA provides investors with an enhanced understanding of the Company's operating performance and debt leverage metrics, and that the presentation of this non-GAAP financial measure, when combined with the primary presentation of net income, is beneficial to an investor's complete understanding of its operating performance. This information is not intended to be considered in isolation or as a substitute for net income prepared in accordance with GAAP.
CRACKER BARREL OLD COUNTRY STORE, INC.
Reconciliation of GAAP-basis Operating Income Margin outlook to non-GAAP Operating Income Margin outlook (Unaudited)
In the accompanying press release, the Company provides its current outlook for adjusted operating income margin, a non-GAAP financial measure, for the fourth quarter of fiscal 2022. The Company's adjusted operating income margin outlook excludes the expected non-cash amortization of the asset recognized from the gains on the sale and leaseback transactions. The Company believes presenting its current outlook for adjusted operating income margin that excludes these items provides investors with an enhanced understanding of the Company's expected margin performance and enhances comparability with the Company's historical results. This information is not intended to be considered in isolation or as a substitute for operating income margin outlook reported in accordance with GAAP.
View original content to download multimedia:
SOURCE Cracker Barrel Old Country Store, Inc. | https://www.mysuncoast.com/prnewswire/2022/06/07/cracker-barrel-reports-third-quarter-fiscal-2022-results/ | 2022-06-07T13:11:46Z |
There are two key points within the life cycle of a vehicle: the introduction of a fully redesigned model and a significant midlife update. If you’re looking to maximize your new vehicle purchase, knowing these timelines can help you make the best decision.
An automaker’s marketing might liberally describe the vehicle as “all-new!” at both points, but it’s important to know the difference. A midlife update typically ushers in appealing styling tweaks or feature updates, but a full redesign introduces wholesale changes to the vehicle. These improvements, which can include better fuel economy, more power or new helpful technology features, can be dramatic.
With this in mind, Edmunds experts have selected five noteworthy redesigned vehicles for 2022 that are worth looking into.
ACURA MDX
Acura’s three-row midsize SUV has been on sale since 2000 and enters a new generation for 2022. The latest MDX boasts eye-catching new exterior styling, additional legroom in all three rows, and improved interior materials. More than before, the MDX comes across as a bona-fide luxury SUV.
Ride and seat comfort are high points for the latest MDX, though Acura’s touchpad interface can be distracting to use while driving. The tech story isn’t all sour, thankfully. Wireless Apple CarPlay and Android Auto connectivity, a punchy 16-speaker ELS Studio sound system, and USB charging in all three rows are contemporary conveniences. Look to get the MDX Type S as its more powerful engine is worth the extra cost.
Starting manufacturer’s suggested retail price: $49,195
HONDA CIVIC
The Honda Civic is a compact sedan staple with 50 years of refinement. For 2022, the Civic bundles its affordable, efficient and reliable attributes in a more mature body style. Compared to the outgoing Civic’s edgy design, the latest model is modest — some might even say boring. However, the majority of Edmunds experts appreciate the new styling direction.
Inside, the 11th-generation Civic is spacious and well built. Though the base four-cylinder lacks grunt, the available turbocharged engine helps the Civic get up to highway speeds or pass slower traffic with suitable authority. Ride comfort and handling are segment-leading, but road noise levels are elevated at highway speeds. The 2022 Civic is priced higher to start than some competitors, but its excellent fuel economy and compelling standard features feel worth the premium.
Starting MSRP: $23,645
TOYOTA TUNDRA
Since the Tundra entered the full-size pickup truck market in 1999, Toyota has nurtured a growing group of loyal customers. The last-generation Tundra, introduced back in 2007, had started to lag behind competitors, though. This redesigned Tundra touts many improvements, such as smoother ride, a robust base turbocharged V6, and even an available hybrid model that cranks up the power and offers improved fuel economy.
Though Edmunds’ real-world fuel economy results couldn’t match EPA estimates, the new truck does otherwise boast smooth power, an intuitive 14-inch center touchscreen and a full-width power rear window. The changes for 2022 put the Tundra back in the thick of the full-size light-duty pickup discussion.
Starting MSRP: $39,695
SUBARU BRZ
Developed alongside Toyota’s GR86, the Subaru BRZ has become an enthusiast icon in just 10 years. Attainable, lightweight and available with a manual transmission, the BRZ sport coupe is both an entry point for blossoming drivers and a weekend toy for those with a little cash to spare. Redesigned for 2022, the latest BRZ has revised styling, a more powerful engine and an updated interior.
Steering and handling remain sharp, and an improved touchscreen adds convenience. The fun per dollar here is hard to match, far outweighing small complaints about its engine note and sound-system quality. Much the same can also be said about the Toyota GR86. But of the two, we think the BRZ is the better buy.
Starting MSRP: $28,990
HYUNDAI TUCSON
The compact SUV class is fiercely competitive and dominated by the Honda CR-V and Toyota RAV4. But the Hyundai Tucson continues to earn new buyers with its mix of affordability, comfort and convenience. And now there’s the 2022 model that kicks off a new generation with useful tech features, standout styling and a roomy cabin.
Edmunds experts appreciate the new Tucson’s ride comfort and user-friendly tech, though its engine can be sluggish to respond. The 2022 Tucson’s jagged design may split opinions, but standard features and build quality are objectively solid for the price range.
Starting MSRP: $27,095
EDMUNDS SAYS:
If you’re hesitant about choosing a vehicle based on a particular feature or styling trait, waiting for a refresh or redesign could solve those issues. Keep in mind, however, that if you opt for the outgoing model year vehicle before a redesign or refresh, it tends to depreciate at a faster rate than the model that replaces it since the latest body style will usually be more desirable when sold or traded in.
__________
This story was provided to The Associated Press by the automotive website Edmunds.
Miles Branman is a contributor at Edmunds and is on Twitter | https://cw33.com/news/ap-top-headlines/edmunds-2022s-best-redesigned-rides/ | 2022-07-20T23:20:46Z |
A woman pushing a baby in a stroller was shot dead at close-range in Manhattan Wednesday night, police said.
The three-month-old baby was unharmed and the relationship between the 20-year-old woman and the baby was unclear Wednesday, police told CNN.
The shooting happened just after 8:20 p.m. in Manhattan's Upper East Side, police noted. They are looking for a suspect.
"A woman is pushing a baby carriage down the block and is shot in point blank range. It shows just how this national problem is impacting families," New York City Mayor Eric Adams said during a news conference. "It doesn't matter if you are on the Upper East Side or East New York, Brooklyn."
The shooting happened hours after New York Gov. Kathy Hochul announced a legislation package aimed at tightening gun laws in the state.
The Democratic governor's move is in response to the US Supreme Court's ruling last week that struck down a century-old New York state gun law that placed restrictions on carrying a concealed handgun outside the home.
On Wednesday, Hochul said a conceptual agreement has been reached that includes a series of protections that expand open carry gun restrictions in sensitive locations, including federal, state and local government buildings, health and medical facilities, daycares, parks, zoos, playgrounds and on public transportation. Educational institutions and places of worship would also be protected under the measure, Hochul said.
"The Supreme Court decision was a setback for us, but I would call it a temporary setback," Hochul said during a Wednesday afternoon news conference.
Hochul said she hopes to sign the legislation Thursday after a special legislative session convenes.
Other gun control efforts are underway in the state, including lawsuits filed by New York City and the New York Attorney General's Office against 10 companies selling parts for so-called ghost guns, officials said. The legal action aims to hold distributors accountable for the proliferation of mail-order components used to make untraceable guns that lead to shootings.
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/woman-pushing-a-baby-stroller-shot-dead-in-manhattans-upper-east-side-police-say/article_78bf7e02-4f45-5c8e-803a-4a58438c3494.html | 2022-06-30T05:32:41Z |
STOCKHOLM (AP) — Sweden’s prime minister announced Monday that Sweden will join Finland in seeking NATO membership in the wake of Russia’s invasion of Ukraine, a historic shift that comes after more than 200 years of military nonalignment in the Nordic country.
The move, which is likely to upset the government of Russian President Vladimir Putin, came after neighboring Finland announced Sunday that it too would seek to join the 30-country military alliance.
Prime Minister Magdalena Andersson called it “a historic change in our country’s security policy” as she addressed lawmakers in the Swedish capital.
“We will inform NATO that we want to become a member of the alliance,” she said. “Sweden needs formal security guarantees that come with membership in NATO.”
Andersson adding that Sweden was acting together with Finland, whose government announced on Sunday it would seek to to join the alliance.
The announcement came after a debate in the Riksdagen, or parliament, earlier Monday showed that there is a huge support for joining NATO. Out of Sweden’s eight parties, only two smaller left-leaning parties opposed it.
On Sunday, the Swedish Social Democrats broke with the party’s long-standing position that Sweden must remain nonaligned, paving the way for a clear majority for NATO membership in the parliament.
Public opinion in both Nordic countries was firmly against joining NATO before the Russian invasion of Ukraine on Feb. 24, but support for NATO membership surged quickly in both nations after that.
“The Swedish government’s intent is to apply for NATO membership. A historic day for Sweden,” Foreign Minister Ann Linde wrote on Twitter. “With a broad support from political parties in the parliament, the conclusion is that Sweden will stand stronger together with allies in NATO.”
Once a regional military power, Sweden has avoided military alliances since the end of the Napoleonic Wars. Like Finland it remained neutral throughout the Cold War, but formed closer relations with NATO after the 1991 Soviet collapse.
After the Russian invasion of Ukraine, the governments in Finland and Sweden responded by swiftly initiating discussions across political parties about NATO membership and reaching out the U.S., Britain, Germany and other NATO countries for their support.
The Kremlin, however, has repeatedly warned the move would have destabilizing consequences for security in Europe.
Russian President Vladimir Putin said Monday that Moscow “does not have a problem” with Sweden or Finland as they apply for NATO membership, but that “the expansion of military infrastructure onto this territory will of course give rise to our reaction in response.”
In Helsinki, Senate Republican leader Mitch McConnell said Monday that there is “very significant” support in the Congress and that he expects swift ratification. He said he hoped a vote could be held before the August recess.
In the Swedish Parliament, only the small Left and Green parties objected to seeking NATO membership.
Andersson said Sweden would refuse nuclear weapons or permanent NATO bases on its soil — similar conditions as neighboring Norway and Denmark insisted on when the alliance was formed after World War II.
Though NATO officials have expressed hopes for a quick ratification process, all 30 current NATO members must agree to let Finland and Sweden in the door. Turkey voiced some objections last week, accusing the two countries of supporting Kurdish militants and others whom Turkey considers to be terrorists.
Swedish Defense Minister Peter Hultqvist told public broadcaster SVT that a Swedish delegation would be sent to Ankara to discuss the issue.
___ Jan M. Olsen in Copenhagen, Denmark, contributed to this report.
___
Follow the AP’s coverage of the war at https://apnews.com/hub/russia-ukraine | https://cw33.com/news/international/ap-international/swedish-lawmakers-debate-joining-nato-as-attitudes-change/ | 2022-05-16T14:24:56Z |
VIDEO: High school basketball coach jumps into action to save choking student
OMAHA, Neb. (KETV) - A high school student who started choking during lunch is thanking his school’s basketball coach for rushing to his rescue.
Papillion La Vista South Basketball Coach Joel Hueser was working his regular lunch duty on Tuesday when freshman Riley Kelly started choking after taking a bite of a cheeseburger.
“I just didn’t chew it all the way,” Kelly said.
Video from the school lunchroom showed the student grabbing his throat with students yelling for help.
“It was all so sudden; it was like a flash of lightning in my head but at the same time going super slow,” Kelly said.
Hueser leaped up and immediately performed the Heimlich maneuver on Kelly. And the piece of the cheeseburger was out a few seconds later.
“Every two years when we have to do CPR, I’m like, ‘We really have to do this again,’ but it certainly paid off this time,” Hueser said.
Kelly said he was grateful to the coach he’d never met until that afternoon.
“I would definitely say, ‘Thank you very much, I really appreciate it,’” Kelly said
Hueser said he’s no hero, just thankful Kelly is alright.
“Any teacher or coach would have done the same thing. I just happened to be there,” Hueser said.
The student says he’s actually had something like this happen before, where he gets something stuck in his throat, but normally, he is able to wash it down.
Lucky for Kelly, coach Hueser was nearby this time.
Copyright 2022 KETV via CNN Newsource. All rights reserved. | https://www.mysuncoast.com/2022/04/28/video-high-school-basketball-coach-jumps-into-action-save-choking-student/ | 2022-04-30T13:50:39Z |
Revenue growth of +17.0% with Adjusted EPS of €0.40
Updated Full Year Adjusted EPS Guidance of €1.65 - €1.71
FELTHAM, England, Aug. 10, 2022 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD), today reported financial results for the three and six month periods ended June 30, 2022. Key operating highlights and financial performance for the second quarter 2022, when compared to the second quarter 2021, include:
- Reported revenue increased 17.0% to €697 million
- Organic revenue decline of 3.2%
- Reported Profit for the period of €75 million
- Adjusted EBITDA increased 2.9% to €127 million
- Adjusted EPS remained unchanged at €0.40
Stéfan Descheemaeker, Nomad Foods' Chief Executive Officer, stated, "I am pleased with our second quarter performance, which saw our overall revenue base rise by 17% and our market share remain steady in a dynamic pricing environment. We are adjusting our business well to inflationary pressures and believe that supply chains are normalizing. However, in light of the continuing war in Ukraine, its collateral risks and European consumer sentiment, we are taking a more conservative posture to full year earnings. We are revising our Adjusted EPS expectation for the year to a range of €1.65 to €1.71 for 2022. Despite our cautious outlook for the year, we believe our business is stronger today than at any other time in our history and we are confident we remain on track to deliver our €2.30 Adjusted EPS target for 2025."
Noam Gottesman, Nomad Foods' Co-Chairman and Founder, commented, "Nomad Foods showed extraordinary resilience this quarter, and we continue to recognize compelling near-term and long-term opportunities ahead of us enabled by strong underlying cash flow, our brands and our people. We are focused on execution and have maintained share in a highly competitive market while staying focused on investments in the business, especially the supply chain improvements necessary to navigate this historically difficult environment. Long term, we will remain focused on a disciplined capital allocation strategy to enhance the success of our operating results for shareholders. We remain well-positioned for 2022 and for growth beyond this year."
- Revenue increased 17.0% to €697 million. Organic revenue decline of 3.2% was comprised of a 5.7% decline in volume/mix partially offset by a 2.5% increase in price.
- Adjusted Gross profit increased 7.2% to €197 million. Adjusted gross margin decreased 260 basis points to 28.2%, driven by higher raw material costs offset with higher pricing, and the inclusion of the Fortenova's frozen food business acquisition whose gross margins are above that of the base business.
- Adjusted operating expenses increased 19.1% to €92 million, driven by the inclusion of the Fortenova's frozen food business acquisition.
- Adjusted EBITDA increased 2.9% to €127 million and Adjusted Profit for the period decreased 1.7% to €70 million due to the aforementioned factors.
- Adjusted EPS flat at €0.40. Reported EPS increased 48.3% to €0.43.
- Revenue increased 9.7% to €1,430 million. Organic revenue decline of 3.9% was comprised of a 5.9% decline in volume/mix partially offset by a 2.0% increase in price.
- Adjusted Gross profit increased 0.7% to €402 million. Adjusted gross margin decreased 250 basis points to 28.1%, driven by higher raw material costs and offset with higher pricing, and the inclusion of the Fortenova's frozen food business acquisition whose gross margins are above that of the base business.
- Adjusted operating expenses increased 8.6% to €187 million, driven by the inclusion of the Fortenova's frozen food business acquisition.
- Adjusted EBITDA decreased 0.9% to €258 million and Adjusted Profit for the period decreased 6.2% to €146 million due to the aforementioned factors.
- Adjusted EPS decreased 3.4% to €0.84, reflecting a decline in Adjusted Profit after tax. Reported EPS increased 33.9% to €0.75.
The Company is updating Adjusted EPS guidance to a range of €1.65 to €1.71 from the previous range of €1.71 to €1.75 for 2022, representing high-single digit Adjusted EPS growth. This guidance assumes high-single digit revenue growth, low-single digit organic revenue growth, and the inclusion of Fortenova's frozen food business for the full-year.
The Company will host a conference call with members of the executive management team to discuss these results today, Wednesday, August 10, 2022 at 1:30 p.m. BST (8:30 a.m. Eastern Daylight Time). A live audio webcast of the conference call and an accompanying presentation will both be available at Nomad Foods' website at www.nomadfoods.com under Investor Relations. Additionally, participants in North America may access the live call by dialing +1-877-300-8521 and international participants may dial +1-412-317-6026.
A replay of the webcast will be available on the Company website for two weeks following the event. This can be accessed by dialing +1-844-512-2921 and by international listeners by dialing +1-412-317-6671; the replay pin number is 10169497.
Nomad Foods (NYSE: NOMD) is Europe's leading frozen food company. The Company's portfolio of iconic brands, which includes Birds Eye, Findus, iglo, Ledo and Frikom, have been a part of consumers' meals for generations, standing for great tasting food that is convenient, high quality and nutritious. Nomad Foods is headquartered in the United Kingdom. Additional information may be found at www.nomadfoods.com.
Nomad Foods is presenting Adjusted and Organic financial information, which is considered non-IFRS financial information, for the three and six months ended June 30, 2022 and for comparative purposes, the three and six months ended June 30, 2021.
Adjusted financial information for the three and six months ended June 30, 2022 and 2021 presented in this press release reflects the historical reported financial statements of Nomad Foods, adjusted primarily for share based payment expenses and related employer payroll taxes, non-operating M&A related costs, exceptional items and foreign currency translation charges/gains.
Adjusted EBITDA is profit or loss for the period before taxation, net financing costs, depreciation and amortization, adjusted to exclude, when they occur, the impacts of exited markets, acquisition purchase price adjustments and exceptional items such as restructuring charges, goodwill and intangible asset impairment charges and other unusual or non-recurring items. In addition, we exclude other adjustments such as the impact of share based payment expenses and related employer payroll taxes, and non-operating M&A related costs, because we do not believe they are indicative of our normal operating costs, can vary significantly in amount and frequency, and are unrelated to our underlying operating performance. The Company believes Adjusted EBITDA provides important comparability of underlying operating results, allowing investors and management to assess operating performance on a consistent basis.
Adjusted EBITDA should not be considered as an alternative to profit/(loss) for the period, determined in accordance with IFRS, as an indicator of the Company's operating performance.
Adjusted Profit for the period is defined as profit for the period excluding, when they occur, the impacts of exited markets, acquisition purchase price adjustments and exceptional items such as restructuring charges, goodwill and intangible asset impairment charges, unissued preferred share dividends, as well as certain other items considered unusual or non-recurring in nature. In addition, we exclude other adjustments such as the impact of share based payment expenses and related employer payroll taxes, and non-operating M&A related costs, because we do not believe they are indicative of our normal operating costs, can vary significantly in amount and frequency, and are unrelated to our underlying operating performance. The Company believes Adjusted Profit after tax provides important comparability of underlying operating results, allowing investors and management to assess operating performance on a consistent basis.
Adjusted EPS is defined as basic earnings per share excluding, when they occur, the impacts of exited markets, acquisition purchase price adjustments and exceptional items such as restructuring charges, goodwill and intangible asset impairment charges, unissued preferred share dividends, as well as certain other items considered unusual or non-recurring in nature. In addition, we exclude other adjustments such as the impact of share based payment expenses and related employer payroll taxes, and non-operating M&A related costs, because we do not believe they are indicative of our normal operating costs, can vary significantly in amount and frequency, and are unrelated to our underlying operating performance. The Company believes Adjusted EPS provides important comparability of underlying operating results, allowing investors and management to assess operating performance on a consistent basis.
Organic revenue growth/(decline) is an adjusted measurement of our operating results. The comparison for the three and six months ended June 30, 2022 and 2021 presented in this press release takes into consideration only those activities that were in effect during both time periods. Organic revenue growth/(decline) reflects reported revenue adjusted for currency translation and non-comparable trading items such as expansion, acquisitions, disposals, closures, trading day impacts or any other event that artificially impacts the comparability of our results.
Adjusted Gross Profit and adjusted gross margin exclude acquisition purchase price accounting adjustments within cost of goods sold.
Adjustments for currency translation are calculated by translating data of the current and comparative periods using a budget foreign exchange rate that is set once a year as part of the Company's internal annual forecast process.
Adjusted and Organic non-IFRS financial information should be read in conjunction with the unaudited financial statements of Nomad Foods included in this press release as well as the historical financial statements of the Company previously filed with the SEC.
Nomad Foods believe its non-IFRS financial measures provide an important additional measure with which to monitor and evaluate the Company's ongoing financial results, as well as to reflect its acquisitions. Nomad Foods' calculation of these financial measures may be different from the calculations used by other companies and comparability may therefore be limited. The Adjusted and Organic financial information presented herein is based upon certain assumptions that Nomad Foods believes to be reasonable and is presented for informational purposes only and is not necessarily indicative of any anticipated financial position or future results of operations that the Company will experience. You should not consider the Company's non-IFRS financial measures an alternative or substitute for the Company's reported results and are cautioned not to place undue reliance on these results and information as they may not be representative of our actual or future results as a Company.
Please see on pages 8 to 13, the non-IFRS reconciliation tables attached hereto and the schedules accompanying this release for an explanation and reconciliation of the Adjusted and Organic financial information to the most directly comparable IFRS measure.
Forward-Looking Statements and Disclaimers
Certain statements in this announcement are forward-looking statements which are based on the Company's expectations, intentions and projections regarding its future performance, anticipated events or trends and other matters that are not historical facts, including the Company's expectations regarding (i) its future operating and financial performance, including its adjusted guidance with respect to Adjusted EPS and Adjusted EPS growth for 2022, its Adjusted EPS target for 2025 and long-term growth; (ii) its ability to recover higher input costs through price increases in the second half of 2022; (iii) its ability to improve margins through the second half of 2022; (iv) its focus on a disciplined capital allocation strategy and positioning for the future and (v) the benefits of the Fortenova frozen food business acquisition.
These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including: (i) the Company's ability to effectively mitigate factors that negatively impact its supply of raw materials, including the conflict in Ukraine; (ii) the Company's ability to successfully mitigate inflationary changes in the market; (iii) the Company's ability to successfully identify suitable acquisition targets and adequately evaluate the potential performance of such acquisition targets; (iv) the Company's ability to successfully implement its strategies (including its M&A strategy) and strategic initiatives and to recognize the anticipated benefits of such strategic initiatives; (v) the Company's ability to accurately predict the performance of its Green Cuisine brand and the Findus Switzerland and Fortenova's frozen food businesses' and their impact on the Company's growth; (vi) the Company's ability to effectively compete in its markets, including the ability of Green Cuisine to effectively compete in Continental Europe; (vii) changes in consumer preferences, such as meat substitutes, and the Company's failure to anticipate and respond to such changes or to successfully develop and renovate products; (viii) the effects of reputational damage from unsafe or poor quality food products; (ix) the risk that securities markets will react negatively to actions by the Company; (x) the adequacy of the Company's cash resources to achieve its anticipated growth agenda; (xi) increases in operating costs, including labor costs, and the Company's ability to manage its cost structure; (xii) fluctuations in the availability of food ingredients and packaging materials that the Company uses in its products; (xiii) the Company's ability to protect its brand names and trademarks; (xiv) new regulations governing the import and export of goods between the UK and the European Union as a result of Brexit, as well as the potential adverse impact of Brexit on currency exchange rates, global economic conditions and cross-border agreements that affect the Company's business; (xv) loss of the Company's financial arrangements with respect to receivables factoring; (xvi) the loss of any of the Company's major customers or a decrease in demand for its products; (xvii) economic conditions that may affect the Company's future performance including exchange rate fluctuations; (xviii) the Company's ability to successfully interpret and respond to key industry trends and to realize the expected benefits of its responsive actions; (xix) the Company's failure to comply with, and liabilities related to, environmental, health and safety laws and regulations; (xx) changes in applicable laws or regulations; and (xxi) the other risks and uncertainties disclosed in the Company's public filings and any other public disclosures by the Company. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of such statements and, except as required by applicable law, the Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
This release and referenced conference call is provided for informational purposes only and does not constitute an offer to sell, or an invitation to subscribe for, purchase or exchange, any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance, exchange or transfer of the securities referred to in this press release in any jurisdiction in contravention of applicable law.
The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.
View original content:
SOURCE Nomad Foods Limited | https://www.wibw.com/prnewswire/2022/08/10/nomad-foods-reports-second-quarter-2022-financial-results/ | 2022-08-10T11:46:31Z |
COLUMBUS, April 21, 2022 /PRNewswire/ -- Developing a Hydrogen Economy in Ohio: Challenges and Opportunities, a comprehensive study released today by JobsOhio and the Stark Area Regional Transit Authority (SARTA), asserts that Ohio is poised to become a leader in the clean hydrogen-fueled, zero-emission economy of the 21st Century. The report also validates Ohio as a prime location for a Clean Hydrogen Hub, as defined by the United States Department of Energy (DOE). The Bipartisan Infrastructure Investment and Jobs Act (IIJA) appropriated $10 billion to DOE for the creation of at least four Clean Hydrogen Hubs across the United States.
The highly detailed, data-driven study identifies:
- Factors that give Ohio an advantage in developing and deploying hydrogen technology
- Existing and potential hydrogen end-users
- Opportunities for growth in hydrogen-based markets: hydrogen-burning power plants, hydrogen fuel cell electric-powered vehicles, etc.
- Potential challenges that may impede the expansion of hydrogen-based markets
The report states that "conservative projections indicate that Ohio will be a major market for hydrogen markets and generation." It is clear that over the coming decades, Ohio will have to adopt an "all of the above" strategy for sourcing hydrogen to meet its market demand - embracing natural gas, biomass, and electrolysis as sources.
J.P. Nauseef, President and CEO, JobsOhio, said his organization commissioned this study before the IIJA was passed and that JobsOhio is committed to growing the hydrogen economy in Ohio, especially for industrial use. "We are interested in developing a better understanding of the opportunities this presents for the State," he said. "This study has provided us some insight into where opportunities will arise and how Ohio can lead development."
"The report clearly shows that hydrogen has the potential to fuel economic growth, innovation, and job creation in the state while significantly reducing carbon emissions," SARTA CEO Kirt Conrad said. "The one key question left on the table: will state government and the private sector make the investment necessary to unleash that potential?"
"The study provides clear and convincing evidence that Ohio not only meets but exceeds the criteria established for the hubs in the IIJA," Mr. Nauseef continued. "Ohio has feedstock and end-use diversity, one of the nation's largest supplies of natural gas, and the geology to accommodate hydrogen storage and carbon sequestration. Ohio is also geographically positioned in an area where critical processing, storage, and distribution infrastructure will be developed."
Andrew Thomas, Director of the Energy Policy Center at Cleveland State University and of the Midwest Hydrogen Center of Excellence (MHCoE), was one of the study's authors. He noted that while projecting new markets can be speculative, the MHCoE used rates of growth for hydrogen consumption that have already been experienced in Ohio for the past decade for its forecast. "Based upon past growth, we project nearly 2 million metric tons of hydrogen per year will be consumed in Ohio by 2050 – without any federal or state constraints on carbon emissions. We will need an 'all of the above" strategy for making hydrogen to meet this demand, including both reformation of natural gas and electrolysis of water from nuclear and renewable power."
The Ohio Clean Hydrogen Hub Alliance, a coalition comprised of more than 100 companies, governmental entities, universities, and research institutions, is collaborating with similar entities in the neighboring states to foster the development of an application to the DOE for a regional hydrogen hub in the northern Appalachian region. More information about the Alliance, including a complete membership list, is available at www.oh2hub.org.
The research was led by Mark Henning and Andrew R. Thomas of the Midwest Hydrogen Center of Excellence and the Energy Policy Center at the Levin College of Urban Affairs, Cleveland State University in Cleveland, Ohio. It is available for viewing and download at https://www.jobsohio.com/industries/energy-chemicals/#ohio.
About JobsOhio:
JobsOhio is a private nonprofit economic development corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention, and expansion. The organization also works to seed talent production in its targeted industries and to attract talent to Ohio through Find Your Ohio. JobsOhio works with six regional partners across Ohio: Dayton Development Coalition, Ohio Southeast Economic Development, One Columbus, REDI Cincinnati, Regional Growth Partnership and Team NEO. Learn more at www.jobsohio.com. Follow us on LinkedIn, Twitter and Facebook.
About the stark area regional transit authority (SARTA):
SARTA is an international leader in the development and deployment of zero emission technology in the transportation space. The Canton, Ohio-based transit system which owns and operates one of the largest fleets of hydrogen fuel cell-powered buses in the Western Hemisphere has received Calstart's prestigious Blue Sky Award and numerous other honors for its commitment to innovation, sustainability, and renewable energy. To learn more about SARTA's hydrogen fuel cell program visit https://www.sartaonline.com/hydrogen-fuel-cell
About the Maxine Goodman Levin College of Urban Affairs:
The Maxine Goodman Levin College of Urban Affairs at Cleveland State University offers undergraduate, graduate, and doctoral degrees in fields that guide and advance vibrant and sustainable communities, including urban studies, public administration, urban planning, environmental studies, nonprofit management, and organizational leadership. Levin is recognized as one of the best public affairs schools in the nation according to US News & World Report. Levin is ranked 3rd in the US in the specialty of Urban Planning and Policy, 7th in the specialty of Local Government Management, and maintains a strong standing in the specialty of Nonprofit Management.
Founded in 1964, Cleveland State University is a public research institution with nearly 16,000 students, 10 colleges and schools and more than 175 academic programs. CSU recently was ranked No. 1 in the nation for increases in research expenditures, according to the National Science Foundation and was again chosen for 2019 as one of America's best universities by U.S. News & World Report,
View original content to download multimedia:
SOURCE JobsOhio | https://www.wibw.com/prnewswire/2022/04/21/jobsohio-sarta-study-says-ohio-is-poised-lead-hydrogen-economy-is-prime-location-clean-hydrogen-hub/ | 2022-04-21T15:59:49Z |
LEWISVILLE, Texas, July 20, 2022 /PRNewswire/ -- Metl-Span, a recognized leader in the advancement of insulated metal panel technology, is expanding its lineup of clips for concealed fasteners with the introduction of the patent-pending V6 X-Span Clip.
The V6 X-Span clip provides an alternative to backfastening, allowing crews to install longer spans without the need to access the interior of the panel for a more efficient installation and stronger panel.
The V-shaped fastener is designed to fit the joinery of Metl-Span CF insulated metal panels to increase the stiffness of the panel and better distribute the shear load at fastening locations. This distribution helps to delay panel disengagement under negative loads, a failure point of thicker panels at longer spans.
"The V6 X-Span Clip introduces material, labor, and time savings for installation crews for long span building envelopes utilizing Metl-Span insulated metal panels," said Jennifer Franz, product manager at Metl-Span. "This clip advances efficient design to better serve the industry and delivers greater long-term durability."
The V6 X-Span Clip can be combined with face-to-clip fasteners at end supports to further delay disengagement and allow for even larger negative wind loads or longer spans. The same clip and face-to-clip fastener are used regardless of panel thickness, minimizing the number and variability of components.
Additionally, the V6 X-Span Clip is reversible with holes at the ends of the clip and at the center for intermediate supports, negating the need for two different clips to be used at different areas or for field-drilling holes in the clip.
Learn more about the V6 X-Span Clip at https://www.metlspan.com/wp-content/uploads/2022/07/Metl-Span-CF-V6-X-Span-Flyer.pdf.
About Metl-Span:
Founded in 1968, Metl-Span is a pioneer of insulated metal panels, providing state-of-the-art building materials to the commercial and industrial industries. Metl-Span is committed to delivering high-quality, durable, and energy-efficient solutions designed for unparalleled performance to stand the test of time with thermal and fire-rated envelope systems. Headquartered in Lewisville, Texas, with manufacturing facilities across the United States and Canada, Metl-Span is part of the Nucor Insulated Panel Group (NIPG). For more information, visit www.metlspan.com.
PHOTOS: https://bldpressroom.com/metl-span/v6-xspan-clip
Public Relations Contacts:
Amanda Storer, Director Brand Marketing, Metl-Span
1720 Lakepointe Dr. Ste 101
Lewisville, TX 75057
(972) 221-6656
AJStorer@metlspan.com
Jeff Donaldson
BLD Marketing
(412) 347-8039
jeff.donaldson@bld-marketing.com
View original content to download multimedia:
SOURCE Metl-Span | https://www.mysuncoast.com/prnewswire/2022/07/20/new-patent-pending-concealed-fastener-clip-metl-span-increases-strength-durability-building-facades/ | 2022-07-20T13:56:16Z |
SHEBOYGAN, Wis., June 9, 2022 /PRNewswire/ -- Van Horn Automotive Group announced the launch of CloudLot at ShopCloudLot.com, a 100% online car buying experience for pre-owned vehicles. CloudLot puts the customer in full control of their deal from picking the car, to scheduling delivery, and everything in between. Deals are estimated to the penny, down payments can be accepted, and signatures can be done securely online.
Van Horn has been active in the online space for several years, and has always looked for new ways to make the car-buying process quicker, more transparent and pleasant for customers. CloudLot takes this process to the next level, enabling the user to find and purchase a vehicle in as little as 20 minutes, and set up delivery.
"As Wisconsin's only employee-owned auto group, we will continue to provide the same personalized car buying experience that our customers have loved for more than 55 years; but now with CloudLot, we can serve a new set of car buyers that are looking for a totally digital option," stated Adam Gaedke, Vice President of Dealership Operations, Van Horn Automotive Group. "The benefit of purchasing online through CloudLot is the backing of a 19-dealership auto group, dedicated employee owners and a network of service centers. We want the customer to feel empowered to manage their own purchase, but also know we're here to support them during and after the sale."
CloudLot uses Cox Automotive's state-of-the-art Esntial Commerce™ technology, which assists consumers through the online car buying process faster and more seamlessly than any other platform. AI-powered shopping features and patent-pending finance automation enables customers to see pre-qualified payments on every vehicle in inventory and shop by make, model, price, and monthly budget. With CloudLot backed by Cox Automotive Esntial Commerce, consumers have full control over when they want to purchase a vehicle, and how.
CloudLot shoppers can look forward to the following benefits:
- Wide selection of quality pre-owned vehicles
- Transparent pricing
- Automated financing and lender approval
- Schedule delivery
- Trusted trade-in opportunities with Kelley Blue Book® Instant Cash Offer (ICO)
- Prescriptive aftermarket product and insurance offerings
- Safe and secure completion and signing of deal paperwork and payments
"We want people to buy cars on their terms and on their time," said Ryan Thiel, Marketing Director, Van Horn Automotive Group. "Whether in-person, online, or a little of both, we now have options to match any buyer's preference."
About Van Horn Automotive Group
Van Horn Automotive Group, Inc. is a family born, employee owned automotive group with headquarters in Plymouth, Wisconsin. Founded in 1966 by Joe Van Horn as a single Chevrolet dealership, Van Horn Automotive Group has grown to include 19 automotive dealerships, a finance company, a rental vehicle division, and a wholesale financial products company. The group employs over 690 people throughout Wisconsin and Iowa. For employment opportunities visit the Careers page at https://www.vhcars.com/careers/.
About Esntial Commerce™
Esntial Commerce is the industry's first eCommerce solution that has come together from maximizing the breadth and depth of Cox Automotive's suite of digital solutions. It provides a fully automated and online eCommerce consumer car buying experience while delivering automation through state-of-the-art AI/machine learning capabilities that transforms the traditional deal process while delivering increased efficiency and profitability to the retailer. With Esntial Commerce, along with the digital assisted selling tools, only Cox Automotive Digital Retailing can deliver on the promise of enabling retailers to succeed with any consumer, on any deal, from anywhere. This white-label, end-to-end eCommerce solution, is customizable to the retailer's brand.
About Cox Automotive
Cox Automotive Inc. makes buying, selling, owning and using vehicles easier for everyone. The global company's more than 27,000 team members and family of brands, including Autotrader®, Dealer.com®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital®, VinSolutions®, vAuto® and Xtime®, are passionate about helping millions of car shoppers, 40,000 auto dealer clients across five continents and many others throughout the automotive industry thrive for generations to come. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately-owned, Atlanta-based company with annual revenues of nearly $20 billion. www.coxautoinc.com.
View original content to download multimedia:
SOURCE Cox Automotive | https://www.kxii.com/prnewswire/2022/06/09/van-horn-automotive-group-announces-cloudlot-new-100-online-car-buying-platform/ | 2022-06-09T14:07:12Z |
SINGAPORE and HONG KONG, April 11, 2022 /PRNewswire/ -- Great Wall Capital Co., Ltd. announced today that it has joined the co-investment with Recco Control Technology Pte. Ltd. and Dazheng Group (Hong Kong) Investment Holdings Company Limited in acquiring Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) on a non-binding basis.
Recco and Dazheng issued a press release on March 21, 2022, announcing the strategic cooperation memorandum of understanding entered into among Great Wall Capital, Recco and Dazheng. At this stage, there can be no assurance that any agreement with the board of Hollysys could be reached in respect of a potential acquisition of Hollysys.
About Great Wall Capital Co., Ltd.
Great Wall Capital Co., Ltd. is a Beijing-based private equity investment firm under China Great Wall Asset Management Co., Ltd., one of the four Chinese state-owned asset management companies.
About Recco
Recco Control Technology Pte. Ltd is a Singapore-incorporated investor in the automation industry and was founded by Mr. Ke Lei, a veteran in the automation industry in China.
Contact:
Mr. Ke LEI, Tel. +86 139 0290 1093
E-Mail: leike@reccogroup.com
About Dazheng
Dazheng Group (Hong Kong) Investment Holdings Company Limited is a Hong Kong-incorporated financial investor founded by sophisticated entrepreneurs and investment banking professionals.
Forward-Looking Statements
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are statements that are not historical facts. These statements include projections and estimates and their underlying assumptions, statements regarding plans, objectives, intentions and expectations with respect to future financial results, events, operations, services, product development and potential, and statements regarding future performance. Forward-looking statements are generally identified by the words "believe," "envision," "will," "expect," "anticipate," "intend," "estimate," "plan" and similar expressions. Although the management of Great Wall Capital, Recco and Dazheng believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of any of Great Wall Capital, Recco and Dazheng, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Other than as required by applicable law, none of Great Wall Capital, Recco and Dazheng undertakes any obligation to update or revise any forward-looking information or statements.
View original content:
SOURCE Great Wall Capital Co., Ltd. | https://www.mysuncoast.com/prnewswire/2022/04/11/great-wall-capital-co-ltd-join-co-investment-hollysys-with-recco-control-technology-pte-ltd-dazheng-group-hong-kong-investment-holdings-company-limited/ | 2022-04-11T12:00:02Z |
CD Foundation veteran Fatih Degirmenci joins as General Manager
SAN FRANCISCO, June 7, 2022 /PRNewswire/ -- The Continuous Delivery Foundation (CDF), the open source software foundation that seeks to improve the world's capacity to deliver software with security and speed, today announced its State of CD Report in 2022, a new project called CDEvents building a vendor-neutral specification for defining the format of event data, new members, and more. The announcement comes at the start of CDF's third annual cdCon (June 7-8, 2022). cdCon 2022 is being run as a hybrid event from Austin, TX.
State of CD Report in 2022
A key function of CDF is providing vendor-neutral data on key DevOps and development metrics showing where continuous delivery stands in 2022 and beyond. The Continuous Delivery Report Series started last year; this is the third report in the series.
Key findings include:
- As of Q1 2022, less than a quarter (23%) of developers are not involved in any DevOps-related activities, indicating continued growth in the adoption of practices that increase an organization's ability to deliver software at high velocity.
- 47% of developers use either continuous integration or deployment but only one in five use both continuous integration and deployment approaches to automate all building, testing, and deployment of code to production.
- There is an increase in DevOps adoption in every development sector. Mobile app development has now even leapfrogged desktop development, such is its shift in embracing DevOps approaches.
The full report is available for free: View the Report (PDF)
New Project CDEvents Hosted by CD Foundation
CDF recently announced it is hosting the CDEvents project, a vendor-neutral specification for defining the format of event data to provide interoperability across services, platforms and systems. Today's CI/CD systems do not talk to each other in a standardized way. Defining a standard set of specifications is critical in solving the interoperability issues across the continuous delivery (CD) ecosystem. Having a common format for events in the CD space will enable an ecosystem of tools to collect, store, visualize and analyze events across CD platforms. This will cover use cases like measuring DevOps metrics and performance and visualizing end-to-end workflows, from the initial development all the way to operations and remediation flows. The current release of the CDEvents specification is available here: https://github.com/cdevents
cdCon Kicks Off Today in Austin, TX
cdCon is a two-day virtual event running June 7-8, 2022, focusing on improving the world's capacity to deliver software with security and speed. This year's sessions are grouped into 3 channels: Technology Teams, Enterprise Leadership, and Open Source Communities. cdCon is sponsored by IBM, JFrog, Armory, CircleCI, OpsMx, Camunda, Capital One, CloudBees, Cloudsmith, Cloud Native Computing Foundation, Liquibase, Spacelift, and more.
The full cdCon schedule is available here: https://events.linuxfoundation.org/cdcon/program/schedule/
"We're excited to have our first physical event in two years. The pandemic has shown more than ever how important continuous delivery is to industries as they navigate industry and global changes. cdCon generates passionate participation and is a great platform for connecting with peers and understanding best practices," said Fatih Degirmenci, Continuous Delivery Foundation General Manager. "CDF is committed to providing a clear path for companies to participate in a vendor-neutral structure that can greatly improve organizations' abilities to deliver software securely and quickly. Come join us at cdCon, there's still time to register and participate virtually!"
Keynotes include industry experts and well-known specialists like Isaac Cory Doctorow, Science Fiction Author, Activist, and Journalist; Joe Sepi, Program Director of Open Tech, IBM; Melissa McKay, Developer Advocate, JFrog; Michael Stahnke, Vice President of Platform, CircleCI; Gopal Dommety, CEO, OpsMx; Brian Behlendorf, General Manager, Open Source Security Foundation; Grace Francisco, Vice President, Developer Relations Strategy & Experience, Cisco; Stephen Atwell, Principal Product Manager, Armory; Isaac Mosquera, Principal GTM Leader, Serverless, AWS; and Fatih Degirmenci, Continuous Delivery Foundation General Manager, The Linux Foundation.
CD Foundation Welcoming New Members
Cloudsmith, Spacelift, Stackhawk and Tenable are joining the CD Foundation as new members. They join premier members AWS, Armory, CloudBees, Fujitsu, Google Cloud, Huawei, JFrog, Netflix, and Red Hat, as well as the broader open source CI/CD community, in helping to strengthen the growth and evolution of continuous delivery models.
Cloudsmith – Cloudsmith is a cloud-native, global, universal artifact management platform for engineers looking to set up a secure artifact repository in 60 seconds. Cloudsmith is a Belfast-headquartered startup that has raised $15 million in Series A funding. This is the largest ever Series A funding round in Northern Ireland.
"We are delighted to join the CD Foundation. How companies deliver software securely and quickly is key to their success, and we believe joining will provide even more value to our customers by connecting us to the broader community of continuous delivery companies and developers around the world," said Lee Skillen, Co-Founder & CTO, Cloudsmith. "The future of cloud-native software delivery, artifact management and the whole supply chain is critical to industries everywhere, so we are excited to contribute our knowledge of continuous packaging to it."
Spacelift – Spacelift focuses on collaborative infrastructure for modern software teams to manage cloud, infrastructure, or services. Its platform uses Terraform, CloudFormation, Pulumi, and Kubernetes offering features such as runtime configuration, version management, and state management. They are backed by Insight Partners, Blossom Capital, Hoxton Ventures and Inovo Venture Partners.
"We are excited to join the CD Foundation. Spacelift provides a collaboration and automation layer for infrastructure as a code, and we focus on openness, flexibility, and customization. We believe this fits well with the CD Foundation, and by contributing to the direction of open-source CI/CD development through the CD Foundation, our customers will benefit," said Sean O'Dell, Head of Developer Relations at Spacelift. "By inviting infrastructure, security, compliance, and platform teams to collaborate on and approve workflows and policies, you can improve your infrastructure delivery platform."
StackHawk – StackHawk helps developers find and fix application security bugs as part of software delivery. StackHawk makes security part of the developer workflow by running automated security testing in CI/CD and notifying developers immediately about new security issues as they emerge. StackHawk recently announced it has raised $20.7 million as part of a series B funding round.
"With the rapid pace of software development, security teams are finding it more difficult to test for vulnerabilities on an ongoing basis. At StackHawk, we are placing the ability to resolve vulnerabilities in the hands of the developer, and we see the CD Foundation as a key partner to helping us expand our reach and more broadly address this issue of shifting security left in the development cycle," said Joni Klippert, co-founder and CEO at StackHawk. "We see the CD Foundation's ability to guide changes in software development as a strength that will help drive the reduction in security vulnerabilities that make it to deployment."
Tenable – Tenable is a cybersecurity company known as the creator of the vulnerability scanning software Nessus. Approximately 40,000 organizations around the globe rely on Tenable to understand and reduce cyber risk. Tenable customers include approximately 60 percent of the Fortune 500, approximately 40 percent of the Global 2000, and large government agencies.
"As security is a critical component of open source software development and delivery, Tenable will provide expertise and guidance to the CD Foundation," said Glen Pendley, chief technology officer, Tenable. "The CD Foundation is uniquely positioned to help steer the course of security-focused development in the continuous delivery space. Tenable looks forward to collaborating with this community to enable end users to influence better solutions that drive value for our customers."
New General Manager Lead
CI/CD open source community leader Fatih Degirmenci has joined the CDF as its new General Manager. Fatih is not new to the CD Foundation. He participated in the very first public meeting during the Open Source Leadership Summit in California in March 2019 when the CD Foundation was announced. Since then, he's been heavily involved in the community including special interest groups (SIG) like the Interoperability SIG and Software Supply Chain SIG. He also served on the Technical Oversight Committee (TOC) as an end-user representative.
Fatih will work closely with the eight CDF-hosted projects CDEvents, Jenkins, Jenkins X, Ortelius, Shipwright, Screwdriver, Spinnaker, and Tekton, and help members and the wider Continuous Delivery CI/CD community improve their software development security and speed when creating cloud-native, legacy infrastructure, mobile, IoT, and bare-metal applications.
Additional CDF Resources
The Continuous Delivery Foundation (CDF) seeks to improve the world's capacity to deliver software with security and speed. The CDF is a vendor-neutral organization that is establishing best practices of software delivery automation, propelling education and adoption of CD tools, and facilitating cross-pollination across emerging technologies. The CDF is home to many of the fastest-growing projects for CD, including Jenkins, Jenkins X, Tekton, and Spinnaker. The CDF is part of the Linux Foundation, a nonprofit organization. For more information about the CDF, please visit https://cd.foundation
The Linux Foundation has registered trademarks and uses trademarks. For a list of trademarks of The Linux Foundation, please see our trademark usage page: https://www.linuxfoundation.org/trademark-usage Linux is a registered trademark of Linus Torvalds.
Media Contact
Jesse Casman, Story Changes Culture
jesse@storychangesculture.com
415-730-2793
View original content:
SOURCE CD Foundation | https://www.wibw.com/prnewswire/2022/06/07/cd-foundation-announces-state-cd-2022-report-opens-third-annual-cdcon-with-new-project-cdevents-new-members/ | 2022-06-07T17:11:06Z |
- Can-Am reveals the Can-Am Origin, a dual-purpose motorcycle as capable off-road as it is on-road, and the Can-Am Pulse, the perfect motorcycle for rides in and out of the city.
- Sea-Doo elevates the watersports industry with an all-new electric hydrofoil board, the Sea-Doo Rise.
VALCOURT, QC, Aug. 7, 2022 /PRNewswire/ - BRP Inc. (TSX:DOO) (NASDAQ:DOOO) is proud to announce that, in addition to working on electrifying its existing product lines, it is seizing opportunities to enter new markets with game-changing electric products. Today, BRP unveils the first two models of its Can-Am all-electric motorcycle lineup, the Can-Am Origin and Can-Am Pulse. Building on its motorcycle legacy, BRP is changing the power dynamic and opening the road to a new generation of riders and electric vehicle enthusiasts. What's more, BRP is announcing a completely new electric hydrofoil board bearing the Sea-Doo signature – the Sea-Doo Rise. All three products will be available in mid-2024.
"Today, our story of innovation reaches new heights with the reveal of market-shaping electric products that will enhance consumer experience on the road and on the water, " said José Boisjoli, President and CEO of BRP. "Half a century ago, Can-Am roared to victory on the track and the trail, and today, a new legacy begins. With the Can-Am Origin and Can-Am Pulse, the first two models of our electric 2-wheel family, we are gearing up to reclaim our motorcycle heritage by crafting thrilling riding experiences for a whole new generation."
Mr. Boisjoli added: "With the Sea-Doo Rise, BRP is leveraging its expertise to address an untapped market category and further position the company for future growth. We have set out to be the key actor in growing and democratizing the hydrofoiling watersport industry. In true BRP fashion, we designed a product that is easy to use and adaptable for all skill levels, making it accessible for all those seeking to rise above the water."
The Can-Am Origin is a tribute to Can-Am's Track n' Trail heritage. This dual-purpose model is designed to bring new exhilaration to both the street and the trail for a more modern multi-terrain experience. The Can-Am Pulse is a balanced and agile motorcycle designed to immerse riders in the energy of the city and transform their daily commute into an electric joyride. Both models feature stunning, modern design, built to showcase state-of-the art technology, like the high-performance LED headlamp, a unique visual signature. Both models are also easier to use and to ride, for novices and seasoned riders alike. Without any need for a standard clutch and transmission, riders can just twist the throttle and go. Consumers will also appreciate the near-silent and vibration-free experience, as well as the smooth and precise power delivery even in tight, low speed situations.
While each model has its own distinct design, ergonomics and capabilities to satisfy different needs, both are powered by the all-new Rotax E-POWER technology, yielding highway-worthy speeds with plenty of horsepower and torque.
BRP plans on revealing full specs in August 2023, just in time to celebrate Can-Am's 50th anniversary. In the meantime, consumers can join the community and be the first to know when the future of motorcycle riding is ready to hit the road by visiting canammotorcycle.com.
For over 50 years, Sea-Doo has been transforming the personal watercraft industry, and more recently, the pontoon category. Today, the iconic brand sets out to democratize hydrofoiling. Offering different experiences and providing a variety of surfing positions for all skill levels, this new electric hydrofoil board is perfect for the entire family and for those seeking to rise above the water and enjoy a more athletic Sea-Doo Life.
The Sea-Doo Rise is one of its kind, cleverly designed with innovative and dynamic features that transform the board as riders gain experience over time. Those who are new to hydrofoiling can choose to ride on the water without foiling, or to partially or fully deploy the wing when they are ready to foil above water. Very accessible, simple to use and easy to charge, the all-electric Sea-Doo Rise will provide peace of mind by minimizing worries and maximizing fun on the water!
Full specs are expected to be revealed in August 2023. To stay informed on Sea-Doo Rise news, visit the Sea-Doo website.
Certain information included in this release, including, but not limited to, statements relating to BRP's intention to launch new product lines, to the dates of such products' introductions on the market and availability of their respective specifications, to the effect they will have on consumers' experience, to the impact they will have on BRP's future growth, about the Company's current and future business and strategic plans, and other statements that are not historical facts, are "forward-looking statements" within the meaning of Canadian and United States securities laws. Forward-looking statements are typically identified by the use of terminology such as "may", "will", "would", "should", "could", "expects", "forecasts", "plans", "intends", "trends", "indications", "anticipates", "believes", "estimates", "outlook", "predicts", "projects", "likely" or "potential" or the negative or other variations of these words or other comparable words or phrases. Forward looking statements, by their very nature, involve inherent risks and uncertainties and are based on several assumptions, both general and specific. BRP cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results or performance of BRP to be materially different from the outlook or any future results or performance implied by such statements. Further details and descriptions of these and other factors are disclosed in BRP's annual information form dated March 24, 2022.
We are a global leader in the world of powersports products, propulsion systems and boats built on 80 years of ingenuity and intensive consumer focus. Our portfolio of industry-leading and distinctive products includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and off-road vehicles, Alumacraft and Quintrex boats, Manitou pontoons and Rotax marine propulsion systems as well as Rotax engines for karts and recreational aircraft. We complete our lines of products with a dedicated parts, accessories and apparel portfolio to fully enhance the riding experience. With annual sales of CA$7.6 billion from over 120 countries, our global workforce includes close to 20,000 driven, resourceful people.
Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Alumacraft, Manitou, Quintrex, and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners.
View original content to download multimedia:
SOURCE BRP Inc. | https://www.kxii.com/prnewswire/2022/08/08/brp-pushes-forward-with-ev-plan-revealing-all-electric-can-am-motorcycles-all-new-electric-sea-doo-hydrofoil/ | 2022-08-08T03:25:46Z |
TOKYO, June 30, 2022 /PRNewswire/ -- GA technologies Co., Ltd. (Headquarters: Minato-Ku, Tokyo; CEO: Ryo Higuchi; Securities Code: 3491) has been selected for the Digital Transformation Stock (DX Stock) 2022 hosted by the Ministry of Economy, Trade & Industry of Japan, and Tokyo Stock Exchange. The Digital Transformation award (here refers to "DX Stock 2022") is to honor companies that are making efforts in promoting the value and execution of digital transformation in Japan's society. This standard of selection is by evaluating whether a company has been promoting digital transformation to make a change in its working style and whether it has implemented such value into its service or product. GA technologies by making an effort in both areas has been honored with the title for 3 years consecutively.
◆ GA technologies has always valued "digital transformation" as one of our business visions
Since the founding of the company in 2013, GA technologies has been incorporating cutting edge technology into its service to realize a digital transformation in the trading process of real estate. The business vision of ours is "To create a world-leading company that impresses people ''. The mindset of bringing technology into our service and to use it to make a change in the traditional real estate industry has never changed since then. We are not only bringing technology into the Company but to our products. We provide our in-house developed SaaS to both real estate agencies and management companies in Japan in the aim of speeding up the digital transformation of the industry. Within that, we are promoting the concept of a complete online transaction of real estate along with the implementation of the revision of the real estate transaction amendment in May 2022(※1) in the purpose of promoting the DX of the industry. What we are trying to achieve is to spread the idea of a pure online transaction of real estate, the so-called "Internet real estate" transaction(※2) in Japan. We want to make a change to the old-fashion real estate industry and to contribute to the revitalizing of the industry. GA technologies will also keep dedicating to providing the best customer experience to its customers and realizing the goal of making an open, transparent real estate transaction experience to promote the idea of "PropTech" (real estate property X technology).
◆ Significant efforts made by GA technologies Groups in promoting DX in the industry
RENOSY: A one-stop online real estate transaction platform
RENOSY is a comprehensive one-stop online platform that covers all aspects of real estate transactions running by GA technologies. The business concept of RENOSY is to "make real estate transaction & asset management easier". The service combines both online and offline services to provide a seamless customer experience to our users. We are bringing technology into every step of the transaction process starting from searching, consoling, and applying to the after management.
The online dealing rate in the real estate industry in Japan is only 1%(※3) which is fairly lower compared to other industries. A significant result GA technology has achieved is to cut down on the use of paper that would have been required during the application, contracting process by moving the whole process online. We have contributed to save an average of 452 pieces of paper that are required per transaction(※4). GA technologies is contributing to the better customer experience of our customers and to the sustainability of the environment.
GA technologies has received high points on the changes the Company has brought to the industry by the utilization of AI, big data to make a change in how the entire real estate industry works.
ITANDI: The utilization of a real time database
ITANDI is one of the GA technologies groups companies that focuses on the development and provision of both toB and toC products. ITANDI's prouct lines include "ITANDI BB+": SaaS designed for real estate agencies (rental & lease business). "ITANDI BB": SaaS designed for real estate people to share information in real time, and last but not least a toC self-tour house hunting site called "OHEYAGO". Companies in the industry are benefiting from getting real time data by using our services. We are pushing the speed of DX in the real estate industry through our services by changing how the industry works fundamentally and to provide a transformative customer experience to the public.
The online application recipient service designed by ITANDI helped management companies to manage their tenants' applications online smoothly, and to cut down an average of 5,000,000 pieces of paper that would have been required annually. （※5）
The honor to be named as the DX Stock 2022, It is a positive affirmation to the hard work that GA technologies has been putting into. The Company brings changes to the industry by the services built and revolutionizes how people deal with real estate transactions.
◆ About us
The business vision for GA technologies has always been "creating a world-leading company that impresses people with the power of technology and innovation." The Company has been promoting the changes in the real estate industry under such a value. GA technologies group was publicly listed in the growth market (previously known as Mothers market) of Tokyo Stock Exchange 5 years after its establishment in 2013 and has been acquiring 8 other business partners as alliances in 3.5 years after its public listing. The Company established an AI strategy center of its own in 2017, this is also the very first one for companies in the real estate industry. The Company has won the DX award in 2020, 2021 and 2022, 3 years in a row, which is also the only company that has been honored with such title in the "growth market" of Tokyo Stock Exchange. The Company aims to be the pioneer in the PropTech field which takes the lead in Japan.
◆ About GA technologies
Company: GA technologies Co., Ltd.
Representative: Ryo Higuchi
URL: https://www.ga-tech.co.jp/en/
Head office: 40F of Sumitomo Fudosan Roppongi Grand Tower, Roppongi 3-2-1, Minato District, Tokyo
Year of founding: March 2013
Capital fund: 7,224,816,203 JPY (by March 2022)
What we do:
- Running the RENOSY service, an online, one-stop real estate service platform
- The development and operation of SaaS (BtoB PropTech product lines)
Main sub companies: ITANDI Co.,Ltd, RENOSY PLUS Co., Ltd, Shenjumiausuan Co.,Ltd and 10 other companies
◆ Awards winning history
- Digital transformation Stock (DX stock award) honor: 2020, 2021, 2022; the award is hosted by Ministry of Economy, Trade & Industry of Japan and Tokyo Stock Exchange
- FT 1000: High-Growth Companies Asia-Pacific honor: 2020~2022; the award is hosted by Financial Times & Statista for the purpose of recognizing companies with high growth performance located in the Asia-Pacific region
- Ranked No.23 in FT 1000: High-Growth Companies Asia-Pacific 2022
- No.1 sales performance in the pre-owned apartments sector in Japan for a consecutive 3 years: 2020~2022; The research was done and published by Tokyo Shoko Research Ltd. (TSR)
- Great Place to Work Award (Japan): Ranked in as one of the companies as best workplaces among medium size companies in Japan in 2020. 2021; the award is hosted by Great Place To Work ® Institute Japan
(※1): The amendments of real estate transaction item 2 of clause 34 and other clauses accompanied has been reformed according to the" amendments for the construction and structure of a digitalized society", clause 17.
(※2): "Internet real estate" service refers to the business model of completing the whole process of a real estate transaction purely online (including but not limited to searching, meeting, applying and contracting etc.) It is a business model which allows every step of a real estate transaction to be done online smoothly. It is a brand-new business model in the industry along with the electronification of the important matters explanation and other related contract documents based on the law revision in 2022. (The definition was defined by GA technologies in April 2022)
(※3): The number was calculated based on the percentage of online transaction taken place in RENOSY marketplace business (The 10th season of 2021). The SAM (6.9 trillion Yen) of the pre-owned apartments with areas larger than 50㎡ was excluded.
(※4): Researched by GA technologies (https://resources.ga-tech.co.jp/Release/220422_ga_earthday.pdf)
(※5): Researched by ITANDI (https://www.itandi.co.jp/press_releases/72)
For this release, please contact below:
Nami (+81-90-1503-9158), Judy, GA technologies Co., Ltd. MAIL: pr@ga-tech.co.jp
View original content to download multimedia:
SOURCE GA technologies Co., Ltd. | https://www.kxii.com/prnewswire/2022/06/30/ga-technologies-was-selected-digital-transformation-stock-dx-stock-consecutive-3-years/ | 2022-06-30T17:17:06Z |
NEW ORLEANS, April 15, 2022 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 16, 2022 to file lead plaintiff applications in a securities class action lawsuit against Grab Holdings Limited (NasdaqGS: GRAB, GRABW), if they purchased the Company's securities between November 12, 2021 and March 3, 2022, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased securities of Grab as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-grab/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by May 16, 2022.
About the Lawsuit
Grab and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On March 3, 2022, the Company announced its 4Q2021 results, disclosing "a 44% decline YoY" in revenue and a $1.1 billion loss for the quarter due to "invest[ing] heavily" in driver incentives and that it would take one or two quarters "to get that equilibrium between drivers and riders, between supply and demand."
On this news, shares of Grab fell $2.04, or 37.3%, to close at $3.28 per share on March 3, 2022, on unusually heavy trading volume.
The case is Peccarino v. Grab Holdings Limited, et al., No. 22-cv-2189.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
1100 Poydras St., Suite 3200
New Orleans, LA 70163
View original content to download multimedia:
SOURCE Kahn Swick & Foti, LLC | https://www.wibw.com/prnewswire/2022/04/16/grab-holdings-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-amp-foti-llc-reminds-investors-with-losses-excess-100000-lead-plaintiff-deadline-class-action-lawsuit-against-grab-holdings-limited-grab-grabw/ | 2022-04-16T07:02:45Z |
ANA HOLDINGS INC. new brand operation, AirJapan, has selected a full suite of Radixx products including the Radixx Res Passenger Service System (PSS) to support its aim of combining the best of full-service and low-cost carrier offerings to travelers.
SOUTHLAKE, Texas and SINGAPORE and NARITA, Japan, July 20, 2022 /PRNewswire/ -- – Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, today announced a new agreement between Sabre company Radixx and All Nippon Airways' (ANA) new airline brand, AirJapan. The carrier will use the full suite of Radixx products including the Radixx Res passenger services system (PSS) and mobile check-in capabilities to support its aim of meeting emerging trends for international travel with superior service at a competitive price.
While Air Japan Co., Ltd. currently operates flights on behalf of its parent company ANA HOLDINGS INC., under this venture AirJapan will be launched as an entirely new brand that will concentrate on value-based services on medium-haul international routes; aiming to provide a caring passenger experience with a newly created service concept and will be positioned between the ANA full-service and Peach Aviation low-cost brands within the ANA group of airlines.
"It's incredibly important to us that we have the right technology partner who not only understands the ever-evolving travel marketplace and specificities of the Japanese market, but who can enable us to ensure success as we prepare to launch AirJapan under the ANA Group umbrella," said Hideki Mineguchi, President CEO, AirJapan. "The broad range of solutions we have selected from Radixx will support us in our strategy of focusing on medium-haul international routes while creating a new kind of air travel experience that is neither a full-service carrier nor low-cost carrier, combining the best of both worlds while being firmly rooted in Japanese culture and quality."
In the agreement which further strengthens Radixx's presence in the Japanese market, AirJapan has selected a full suite of Radixx solutions:
Radixx Res – Radixx's proven, industry-leading core passenger system will enable AirJapan to centrally manage all passenger operations, sales channels and partnerships.
Radixx Go and Radixx Go Touch – to evolve AirJapan's check-in operation at airports and enable easy ramping up of operations during the high-demand season. Radixx Go Touch helps airline employees to transact full departure control capabilities from a mobile device, giving them freedom to check-in passengers away from the constraints of physical airport desks and counters. Mobile agents can fully process passenger sales at multiple touchpoints throughout the journey, from the hotel lobby to the airline lounge to the boarding gate.
Radixx ezyCommerce – an integrated e-commerce and mobile solution will allow AirJapan easy to differentiate their brand with personalized offers, and the flexibility to add ancillary offers and mobile check-in capability.
Radixx Insight – an analytics and revenue optimization platform that will enable AirJapan to leverage data to increase retailing effectiveness and optimize operations. By providing comprehensive views of the customer lifecycle with timely recommendations, Radixx Insight will enable better decision-making for AirJapan executives, while powering the airline's back-office systems.
"We're thrilled to enhance our relationship with ANA at this pivotal time for the AirJapan and for the Japanese travel industry by providing Radixx solutions that are built with robust security and system stability through our Google Cloud partnership," said Chris Collins, Senior Vice President and General Manager, Radixx. "AirJapan has carefully chosen a wide spectrum of complementary Radixx solutions that will enable them to make intelligent, intuitive decisions to streamline operations, optimize the traveler experience and enhance revenue opportunities while benefiting from ongoing innovation through Sabre's Google partnership. We look forward to seeing AirJapan aircraft take to the skies next year, supported by Radixx technology."
About Sabre Corporation
Sabre Corporation is a leading software and technology company that powers the global travel industry, serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers. The company provides retailing, distribution and fulfilment solutions that help its customers operate more efficiently, drive revenue and offer personalized traveler experiences. Through its leading travel marketplace, Sabre connects travel suppliers with buyers from around the globe. Sabre's technology platform manages more than $260B worth of global travel spend annually. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world. For more information visit www.sabre.com.
About Air Japan
As a member of ANA group, Air Japan was established in 1990 as an airline to operate international charter flights. The company changed its name from World Air Network. Co.ltd to Air Japan Co.,Ltd. in 2000, and started operating its first scheduled international flights between Osaka and Seoul. From 2003, Air Japan started operating flights from Narita to Asian countries and Honolulu as "ANA brand" international airline. Air Japan has always strived and will continue to meet the needs of our customers with promising safety, operation quality, and inflight services. We are honored to announce that Air Japan will start service as a new brand from 2023 with our firm foundation of experiences. With the new "AirJapan brand", we explore the way to fly, with a touch of Japanese thoughtfulness by refocusing on customer's true needs and delivering them simply. New "AirJapan brand" will operate with equal safety and operation standard as "ANA brand". We will also continue to operate Asian routes as "ANA brand". It is a whole new experience for one airline to take on the challenges of operating different brands. We are committed to making further strides through preparation and are looking forward to providing new values in the future.
About ANA HOLDINGS
Founded in 1952 with just two helicopters, All Nippon Airways (ANA) has grown to become the largest airline in Japan. ANA HOLDINGS Inc. (ANA HD) was established in 2013 as the largest airline group holding company in Japan, comprising 71 companies including ANA and Peach Aviation, the leading LCC in Japan. ANA is a launch customer and the largest operator of the Boeing 787 Dreamliner, making ANA HD the biggest Dreamliner owner in the world. A member of Star Alliance since 1999, ANA has joint venture agreements with United Airlines, Lufthansa German Airlines, Swiss International Airlines and Austrian Airlines - giving it a truly global presence. The airline's legacy of superior service has helped it earn SKYTRAX's respected 5-Star rating every year since 2013, with ANA being the only Japanese airline to win this prestigious designation for nine consecutive years. ANA also has been recognized by Air Transport World as "Airline of the Year" three times (2007, 2013 and 2018); it is one of only a select few airlines to win this prominent award multiple times. In 2021, ANA was awarded the 5-star COVID-19 safety rating by SKYTRAX, recognizing the airline's initiatives to provide a safe, clean and hygienic environment at airports and aboard aircraft, embodied in the ANA Care Promise. ANA is the only company in the aviation industry to receive the Gold Class distinction from the 2022 S&P Global Sustainability Awards and ANA HD has been selected as a member of the Dow Jones Sustainability World Index list for the fifth consecutive year and the Dow Jones Sustainability Asia Pacific Index list for the sixth consecutive year.
For more information, please refer to the following link.
https://www.ana.co.jp/group/en/
SABR-F
Sabre Contacts:
Media
Kristin Hays
kristin.hays@sabre.com
Heidi Castle
heidi.castle@sabre.com
Investors
Kevin Crissey
kevin.crissey@sabre.com
View original content to download multimedia:
SOURCE Sabre Corporation | https://www.mysuncoast.com/prnewswire/2022/07/20/airjapan-selects-radixx-portfolio-sabre-support-new-business-model-it-prepares-take-skies-with-its-first-commercial-flight-fy-2023/ | 2022-07-20T13:50:58Z |
KEWANEE, Ill., May 16, 2022 /PRNewswire/ -- Boss Holdings, Inc. (OTC Markets: "BSHI") ("Boss" or the "Company") announced today that it has commenced a "Dutch auction" tender offer (the "Tender Offer") to purchase for cash up to $3 million in value of its common stock (the "Common Stock") at a price per share not less than $20.00 and not greater than $24.00 per share, less any applicable withholding taxes and without interest, using available cash on hand. The Tender Offer will expire at 5:00 p.m., Central Daylight time, on June 28, 2022, unless extended or earlier terminated in accordance with applicable legal and regulatory requirements.
Assuming that the conditions to the Tender Offer are satisfied or waived and the Tender Offer is fully subscribed, if the purchase price per share of all acquired shares is $20.00 (the low end of the price range), the Company would purchase 150,000 shares, and if the purchase price per share of all acquired shares is $24.00 (the high end of the price range), the Company would purchase 125,000 shares, representing approximately 7.55% and 6.29%, respectively, of the Company's outstanding Common Stock as of May 12, 2022. If shares having an aggregate purchase price of more than $3,000,000 are tendered in the Tender Offer, the Company reserves the right to accept for purchase pursuant to the Tender Offer up to an additional 2% of its outstanding shares of Common Stock without extending the expiration date. The Company also expressly reserves the right, in its sole discretion, to extend the expiration date of the tender offer, subject to applicable legal and regulatory requirements. Stockholders that do not wish to participate in the Tender Offer do not need to take any action.
A "Dutch auction" tender offer allows stockholders to indicate how many shares of Common Stock and at what price within the specified price range they wish to tender their shares. The Company will accept shares first on the basis of the lowest price specified by tendering shareholders within the specified price range and then proceeding up through the next highest incremental prices specified by tendering shareholders until a total of $3,000,000 has been expended, or a lower amount depending on the number of shares properly tendered pursuant to the terms of the Tender Offer.
To tender shares of Common Stock, stockholders must follow the instructions described in the Offer to Purchase and the Letter of Transmittal that the Company is providing to each shareholder and posting on its corporate website (www.bossholdingsinc.com) Those documents contain the specific terms and conditions of the Tender Offer.
The Tender Offer will not be contingent upon any minimum number of shares being tendered or any financing conditions. The Tender Offer will, however, be subject to other conditions, as disclosed in the Offer to Purchase. The Company's Board of Directors (the "Board") believes the Dutch auction tender offer is a mechanism that both affords all stockholders the opportunity to tender all or a portion of their shares, and also affords stockholders the option not to participate and, thereby, to increase their relative percentage interest in the Company and its future results. In addition, our Board believes the tender offer provides stockholders with an opportunity to obtain liquidity with respect to all or a portion of their shares, with less potential disruption to the share price and the usual transaction costs inherent in open market purchases and sales.
The Information Agent for the Tender Offer is Morrow Sodali LLC, and the Depositary is Continental Stock Transfer & Trust Company. The Offer to Purchase, the Letter of Transmittal and related documents will be mailed to registered holders of Common Stock. Beneficial holders will receive the Offer to Purchase and a communication from their bank, broker or custodian. For questions and information, please call the Information Agent, Morrow Sodali LLC at (203) 658–9400.
Certain Information Regarding the Tender Offer
The information in this press release describing the Tender Offer is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell shares of Common Stock in the Tender Offer. The Tender Offer is being made only pursuant to the Offer to Purchase and the related materials provided by the Company to its stockholders, as they may be amended or supplemented. Stockholders should read the Offer to Purchase and related materials carefully and in their entirety because they contain important information, including the various terms and conditions of the Tender Offer. Stockholders of the Company may obtain a free copy of the Offer to Purchase and other documents related to the Tender Offer from the Company's website at www.bossholdingsinc.com. Stockholders also will be able to obtain a copy of these documents, without charge, from Morrow Sodali LLC, the Information Agent for the Tender Offer, at (203) 658-9400. Stockholders are urged to carefully read all of these materials prior to making any decision with respect to the Tender Offer.
About Boss Holdings
Boss Holdings, Inc., headquartered in Kewanee, IL, trades on the OTC Pink Open Market under the symbol BSHI. Its wholly owned subsidiary, Massachusetts-based Boss Pet Products, Inc., distributes pet grooming supplies, equipment, pet leashes, toys, apparel, health and wellness products. Other Boss Holdings subsidiaries include Ohio-based Galaxy Balloons, Inc., which distributes custom imprinted balloons, inflatables and other products for the promotional products industry, and Boss Tech Products, Inc., which, through its business division, Aries Manufacturing, supplies and distributes cell phone accessories, including charging solutions, hands-free headsets, speakers and related products. To learn more about Boss Holdings, Boss Pet Products, and Aries Manufacturing please visit: BossHoldingsInc.com, Bosspetedge.com and AriesManufacturing.com.
FORWARD-LOOKING STATEMENTS
This press release contains statements that are not historical in nature, are predictive in nature, or that depend upon or refer to future events or conditions or otherwise contain forward-looking statements, including statements concerning such things as Boss's ability to complete the Tender Offer. These statements are based on management's expectations as of the date hereof and assumptions that are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict, and actual results may be materially different from our current expectations and any past or future results. The Company undertakes no obligation to update any forward-looking statement, and investors are cautioned not to place undue reliance thereon.
View original content:
SOURCE Boss Holdings, Inc. | https://www.wibw.com/prnewswire/2022/05/16/boss-holdings-announces-dutch-auction-tender-offer/ | 2022-05-16T22:21:01Z |
The approval from the Monetary Authority of Singapore represents a big step to offering Digital Payment Token services to consumers in Singapore
SINGAPORE, Aug. 19, 2022 /PRNewswire/ -- Bhop Consulting Pte Ltd trading as Singapore-based crypto exchange BHEX.SG, announces that it has received the Standard Payment Institution licence from the Monetary Authority of Singapore (MAS).
The new acquirement comes after a stringent examination and approval process conducted by MAS. Licensees are required to meet a high bar of compliance requirements to protect consumers. The granting of the Standard Payment Institution license will enable BHEX.SG to offer DPT services to customers in Singapore.
Since it was founded in 2018, there has been no system accidents or fraud incidents reported in the past few cryptocurrency cycles. Continuous upgrades of system infrastructure and security risk managements are implemented to mitigate any possible new threats and meet the growing demands of the industry.
BHEX.SG has partnered with leading licensed service providers in the global market aiming to focus and better serve institutional investors, family offices, accredited and high net worth investors rather than the retail investors, as this crypto field is still volatile for the retail segment.
Tyler Wu (Wu GuanLi), CEO of BHEX.SG, said, "Compliance is an essential element in the digital asset industry and BHEXSG is committed to being a fully compliant service provider to protect our customers. Future opportunities in the industry belong to companies that practice these values."
With Singapore being among the most competitive economies globally and serving as a regional hub, he also believes that Singapore plays a significant role as a financial and crypto pioneer in Southeast Asia. To further unlock the potentials of this market, BHEX.SG will aim to provide an improved crypto landscape for the public.
Interested consumers can keep up to date with the latest developments and initiatives by BHEX.SG through its official website. The platform is also available for download on iOS and Android devices as well.
About BHEX.SG
Founded in 2018, BHEX.SG operated by Bhop Consulting Pte Ltd is committed to providing best in class compliant crypto trading services with focus on building a better future with technology to ensure compliance and reliability. The platform is powered by an expert team, each with an average experience of 10 years or more in the digital asset industry. CEO Tyler Wu further adds in his strong track record in the digital asset and financial space into the portfolio. The platform provides users with more convenient and smoother services at lower costs. BHEX.SG will continue to provide users with high-quality services and leading innovations to create more value for users.
View original content to download multimedia:
SOURCE Bhop Consulting Pte Ltd | https://www.wibw.com/prnewswire/2022/08/19/bhexsg-receives-standard-payment-institution-license-mas/ | 2022-08-19T08:30:11Z |
We're searching for an ALDI-loving couple to say "I do" in our aisles and live Happily Ever ALDI
BATAVIA, Ill., Aug. 3, 2022 /PRNewswire/ -- Celebrating some of life's most important milestones with ALDI has become an ALDI thing among our biggest fans. In fact, they've shown their #ALDILove with ALDI-themed marriage proposals, engagement photos, birthdays and even baby showers. Now, one lucky couple will have the chance to get married in our aisles with the ALDI-themed wedding of their dreams. But before we start popping bottles of Belletti Prosecco in their honor, we need to find the perfect pair.
"Every time our shoppers include us in one of their big moments, we feel the #ALDILove," said Kate Kirkpatrick, Director of Communications at ALDI USA. "We're showing our #ALDILove in return by giving one crazy-in-love-with-ALDI couple an opportunity to celebrate the ultimate life milestone with us."
Save the date for a chance to say "I do"
For a chance to say "I do" in our store, couples can visit us at Happily Ever ALDI** from Aug. 3 through Aug. 17 to tell us what makes their love story special and why they deserve to be the first couple ever to be married at ALDI. By entering, they'll be one step closer to tying the knot on a special ALDI Finds Wednesday surrounded by up to 50 friends and family.
An ALDI-insider wedding location fit for a superfan
The wedding party will get a behind the scenes look at the ALDI Insights Center, our model store at ALDI US HQ in Batavia, Illinois. We're transforming the whole space to be wedding-ready for the event, which will be officiated by an ALDI employee. There will even be a romantic photoshoot in front of a store to kickstart a lifetime of memories.
Happily Ever ALDI
After our winning couple says, "I do," we'll keep the party going with even more unique touches. We'll host a reception for the newlyweds flowing with ALDI food and beverages, including a branded tiered wedding cake baked with Baker's Corner ingredients and appetizers such as our famous mini Red Bag Chicken sliders. And we'll wrap up the event with custom wedding favors. The final gift from ALDI? Groceries for a year*** to remind the newlyweds that they're never far from our hearts.
Best wishes
We're so thankful that couples across the country choose ALDI to be part of their every day, and we'd be honored to be part of their big day, too. Find out more about the Happily Ever ALDI contest at aldi.us/happilyeveraldi.
About ALDI U.S.
ALDI is one of America's fastest-growing retailers, serving millions of customers across the country each month. With 2,200 stores across 38 states, ALDI is on track to become the third-largest grocery retailer by store count by the end of 2022. When it comes to value, ALDI won't be beat on price. ALDI has also been No. 1 for price according to the Dunnhumby Retailer Preference Index Report for five years running. Since 1976, ALDI has offered a unique shopping experience where customers never have to compromise on quality, selection or value. In fact, 1 in 3 ALDI-brand products are award-winning.* Customers can save time and money by conveniently shopping in-store or online at shop.aldi.us. ALDI also proudly serves as a Feeding America Leadership Partner, donating 30 million pounds of food each year in an effort to end hunger in America. For more information about ALDI, visit aldi.us.
*As of February 2022, based on a survey of everyday, nationally distributed ALDI-exclusive branded products (excluding produce).
**NO PURCHASE NECESSARY. Contest is open to individuals who are age 21 or older and are legal residents of the following states: AL, AR, AZ, CA, CT, DC, DE, FL, GA, IA, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, MS, NC, ND, NE, NH, NJ, NY, OH, OK, PA, RI, SC, SD, TN, TX, VA, VT, WI and WV. Void outside these geographic areas and where prohibited. Entrants must be engaged to be married at least one (1) month prior to entry and must be willing to be married on 11/9/22. Each Entrant and their partner must be eligible to be legally married in Kane County, IL. Contest starts at 12:00:01 AM ET on 8/3/22; ends at 11:59:59 PM ET on 8/17/22 or when 500 entries are received, whichever occurs first. For full Official Rules, visit aldi.us/happilyeveraldi. Sponsor: ALDI, Inc., 1200 N. Kirk Road, Batavia, IL 60510.
***Groceries for a year prize to be awarded as $5,000 in ALDI gift cards.
View original content to download multimedia:
SOURCE ALDI | https://www.wibw.com/prnewswire/2022/08/03/save-date-first-ever-aldi-wedding/ | 2022-08-03T11:20:57Z |
Gas thefts a growing problem with higher costs to fill up
WICHITA, Kan. (KWCH) - While record-high gas prices have come down a little, many are still feeling the impact. That includes some people in the Wichita area warning others on social media of thieves emptying their gas tanks.
With costs sometimes approaching $100 just to fill up a vehicle’s tank with unleaded gas, to find it’s all gone the next morning can be especially frustrating. And depending on how thieves got into the tank, it can be even more costly than what you paid at the pump.
When thieves target a vehicle and take extreme measures to get what they want, victims often end up at auto repair shops like CARSTAR in Wichita.
“Thousands of dollars in damages. It’s a constant battle against them,” said CARSTAR Owner AJ Pickering.
Pickering said in the last few years, his staff has dealt with the surge in catalytic converter thefts.
“We hear stories of them just being in a parking lot at the grocery store, the home improvement store in the middle of the day, and they come out, ‘boom’, catalytic converter is gone,” he said. “Turn on the vehicle and it’s a very loud noise.”
Now, they’re seeing more cars targeted for their gas.
“Now that gas prices have gone up, we’ve seen a lot more where the hole was drilled in the fuel tank and fuel tanks have had to get replaced because of it,” Pickering said.
While many thieves till go through the top of the tank, that’s not always how it is anymore.
“A lot of manufacturers have made the doors lock, so when you lock the vehicle door, it locks the gas door as well, so it helps keep them from siphoning.”
For owners of older-model vehicles with twisting gas caps, one step you can take is getting a locking gas cap, which can be found at many auto-part stores. And while that will protect your tank from above, there does remain the issue of below, as thieves are drilling holes into the bottom of the gas tank.
“Some of these vehicles, there’s just enough room and they can just slide under there and as bold as it is, to use a drill and metal right next to flammable gas. They just jump in there, put a hole in there, fill up a tank and take it off,” Pickering said.
State Farm Insurance said some other ways to protect yourself and your vehicle from gas thieves include:
- Park in a well-lit and well-traveled area.
- When you can, park in a garage or driveway.
- Avoid parking in public places for extended periods of time.
- Park your car so the fuel door is facing the road.
Copyright 2022 KWCH. All rights reserved. | https://www.wibw.com/2022/06/21/gas-thefts-growing-problem-with-higher-costs-fill-up/ | 2022-06-22T15:44:43Z |
WASHINGTON, Aug. 10, 2022 /PRNewswire/ -- NASA is calling on middle and high school students to join the second NASA TechRise Student Challenge, which invites student teams to develop, build, and launch science and technology experiments on high-altitude balloons.
Students in grades six to 12 attending U.S. public, private, or charter schools – including those in U.S. territories – are challenged to team up with their schoolmates to design an experiment under the guidance of an educator. Administered by Future Engineers, the NASA TechRise Student Challenge offers hands-on insight into the design and test process used by NASA-supported researchers. It aims to inspire a deeper understanding of Earth's atmosphere, surface features, and climate, as well as space exploration, coding, electronics, and the value of test data. Teams should submit their experiment ideas by Oct. 24, 2022.
"We are thrilled to offer the second NASA TechRise Student Challenge," said NASA Administrator Bill Nelson. "The quality of the experiments and the creativity we saw from students in the last challenge are exactly the kinds of problem-solving and hands-on learning NASA hopes to inspire. We're eager to see what innovative ideas pour in from students around the nation this year."
To participate in the challenge, visit:
https://www.futureengineers.org/nasatechrise
A total of 60 winning teams will be selected to turn their proposed experiment idea into reality and launch their technology on a suborbital flight test. The winning teams will each receive $1,500 to build their experiment and an assigned spot on a NASA-sponsored high-altitude balloon flight operated by one of two commercial providers: Aerostar of Sioux Falls, South Dakota, or World View based in Tucson, Arizona. Both high-altitude balloons provide exposure to the stratosphere at altitudes of approximately 9-19 miles (15-30 kilometers) and variable duration of flight time of hours to days. The challenge is led by NASA's Flight Opportunities program, which rapidly demonstrates technologies for space exploration and the expansion of space commerce through suborbital testing with industry flight providers.
The winning teams will also receive technical support and mentorship from Future Engineers, including the opportunity to learn or improve technology skills such as soldering, coding, and 3D design. NASA encourages students and their instructors to submit experiment ideas even if they have no prior experience with these activities.
"We could not do a project like this in our classroom without the support of NASA TechRise," said Jill Davis, Superintendent-Director of the Greater Lowell Technical High School in Tyngsborough, Massachusetts, which had one of the winning teams in last year's challenge. "It is something that is truly out of this world! This challenge helped students develop their own unique ideas for future inventions, which adds a new layer of meaning to what they learn."
To enter the competition, teams will propose their experiment idea online using the design guidelines and proposal template on the competition site. NASA plans to announce the competition winners in January 2023. The selected student teams will build their payloads from January to May, and the final experiments will take flight in summer 2023.
Educators interested in TechRise are strongly encouraged to join the virtual educator workshop on Saturday, Aug. 27, to learn more about the challenge, high-altitude balloons, and how to develop a NASA TechRise proposal. Attendees will also have an opportunity to ask questions of TechRise educators who recently participated in the winner build experience.
NASA also is seeking volunteers to help judge the entries anticipated from across the country. U.S. residents with expertise in engineering, space, and/or atmospheric research who are interested in reviewing NASA TechRise Student Challenge submissions can apply to be a judge on the Future Engineers website.
NASA's Flight Opportunities program, based at the agency's Armstrong Flight Research Center in Edwards, California, and part of NASA's Space Technology Mission Directorate (STMD), is leading the NASA TechRise Challenge, with support from the NASA Tournament Lab, also part of STMD.
View original content to download multimedia:
SOURCE NASA | https://www.wibw.com/prnewswire/2022/08/10/nasa-seeks-student-experiments-soar-second-techrise-challenge/ | 2022-08-10T20:55:49Z |
BETHESDA, Md., Aug. 18, 2022 /PRNewswire/ -- Walker & Dunlop, Inc. announced today that it structured $57.2 million in financing for three skilled nursing facilities located in Illinois. Walker & Dunlop Senior Managing Director, Joshua Rosen led the origination team, which has considerable experience with seniors housing and healthcare facilities across the country. Leveraging their extensive knowledge of the U.S. Department of Housing and Urban Development's (HUD) financing products, the team utilized the LEAN 232/223(f) for the refinance of two properties and the 232/223(a)(7) program for the other. Both programs provide long-term financing for skilled healthcare facilities. The deals reaffirm the post pandemic upward momentum in the seniors housing market.
The collection of properties includes:
- Avantara Park Ridge – Walker & Dunlop structured a $15.6 million loan through HUD's LEAN refinance program for Avantara Park Ridge, a 154-bed skilled nursing facility in Park Ridge, Illinois.
- Moraine Court Supportive Living – Walker & Dunlop secured a $28.7 million loan through HUD's LEAN refinance program for Moraine Court Supportive Living, a 185-bed Supportive Living Facility located in Bridgeview, Illinois. W&D assisted in structuring and obtaining HUD approval on a surplus cash note prior to application and refinanced the current HUD insured debt and surplus cash note.
- Aperion Care Elgin – Walker & Dunlop secured a $13.3 million loan through HUD's LEAN refinance program for Aperion Care Elgin, a 101-bed skilled nursing facility in Elgin, Illinois.
"Walker & Dunlop's ability to seamlessly navigate the HUD process helps our clients to successfully close on transactions," said Mr. Rosen. "Our team continues to enable our clients to carry out new business ideas and improve existing skilled nursing properties, keeping vulnerable populations safe."
Walker & Dunlop is a leader in seniors housing property sales and financing; the firm has completed more than 850 unique seniors housing and healthcare transactions worth over $9 billion since 2009. For more information about Walker & Dunlop's seniors housing team, visit our website.
Walker & Dunlop (NYSE: WD) is one of the largest providers of capital to the commercial real estate industry in the United States, enabling real estate owners and operators to bring their visions of communities — where Americans live, work, shop and play — to life. Our people, brand and technology make W&D one of the most insightful and customer-focused firms in our industry. With more than 1,400 employees across every major U.S. market, Walker & Dunlop has consistently been named one of Fortune's Great Places to Work® and is committed to making the commercial real estate industry more inclusive and diverse while creating meaningful social, environmental, and economic change in our communities.
View original content:
SOURCE Walker & Dunlop, Inc. | https://www.kxii.com/prnewswire/2022/08/18/seniors-housing-market-is-back-stronger-than-ever/ | 2022-08-19T00:00:40Z |
Successful recapitalization enables PSS Industrial to shed its debt and access $55 million in new equity capital to position it for long-term success
Transaction ensures uninterrupted operations and payments to all partners
HOUSTON, May 23, 2022 /PRNewswire/ -- Today, PSS Industrial Group ("PSS Industrial Group" or the "Company"), a leading service provider and value-added distributor supplying a diverse base of customers in the energy and industrial industries, successfully completed a recapitalization with the Company's long-term investors that injects $55 million in new equity capital and eliminates all of the Company's debt – significantly strengthening PSS Industrial Group's balance sheet.
"This is great news for our employees and partners and we couldn't be more excited about this support from our long-term investors, which will help strengthen our operations, fuel growth, and position us for future success," said Robert Workman, Chief Executive Officer of PSS Industrial Group. "This transaction injects new capital into our business, while reducing our debt – ensuring we can continue to serve our customers well into the future and presents an exciting path forward that will allow us to reach new heights as an organization. We greatly appreciate the dedication of our employees and the collaboration of our stakeholders throughout this process."
Highlights of the transaction include:
- Complete deleveraging of the Company's balance sheet;
- $55 million equity investment that will fund growth in all of the Company's divisions, including the Company's new pipe, valves and fittings division;
- Continued payment in full of all of the Company's vendors, suppliers, and other business partners;
- Uninterrupted fulfillment of all customer obligations;
- Current and long-term investors Marblegate Asset Management and Angel Island Capital have become the majority owners of the Company; and
- The Company's current ownership group, including funds managed by Goldman Sachs Asset Management, will continue to have an ownership interest in the Company.
Kirkland & Ellis LLP served as legal advisor, Evercore served as investment banker, and Opportune LLP served as financial advisor to PSS Industrial Group. Akin Gump Strauss Hauer & Feld LLP served as legal advisor and Guggenheim Securities, LLC served as financial advisor to Marblegate and Angel Island. Fried, Frank, Harris, Shriver & Jacobson LLP served as legal advisor to Goldman Sachs Asset Management.
About PSS Industrial Group
PSS Industrial Group is headquartered in Houston, Texas and has approximately 30 locations throughout the United States. PSS Industrial Group is a leading service provider and distributor of specialty equipment, MRO supplies and material handling solutions to the entire energy market value chain, including the upstream, midstream and downstream sectors, as well as industrial markets. For more information about PSS Industrial Group, please visit www.pssigroup.com or email info@pssigroup.com.
View original content to download multimedia:
SOURCE PSS Industrial Group | https://www.mysuncoast.com/prnewswire/2022/05/23/pss-industrial-completes-recapitalization-strengthen-balance-sheet-fund-future-growth/ | 2022-05-23T19:58:21Z |
Want to buy a giant indoor sports complex? Jackson SportsDome headed to auction
JACKSON TWP. – Jeff Kiko has sold plenty of buildings during his time in the family's business ― but a sports dome?
"Never," he said.
He'll get a crack at one though, at noon Aug. 25, when Kiko Co. offers The SportDome in an absolute auction. The sale will be open simultaneously to in-person and online bidders.
The auction is unusual for several reasons.
For starters, similar complexes are few and far between. Then, throw in the fact it's difficult to estimate an ultimate price tag. Typically, buyers and sellers can come up with a ballpark figure, based on similar properties in similar locations. But that's really not an option in this case.
"There are no (comparables) out there," he said.
The appraised value of the dome and property is more than $1.9 million, according to information from the Stark County Auditor's office.
More Jackson Township news:Shale Brewing Co. in Jackson Township announces permanent closure
There's a new dome in town
The dome and its 16 acres on Portage Street NW are effectively owned by the three children of Richard Kempthorn, who died in 2019. Eric Kempthorn, president of Kempthorn Motors and one of two sons, said the family decided now is the time to sell the place, which opened in 1993, because none of them are getting any younger.
The clincher, he added, is the recent addition of a dome that houses the Center for Performance at the Hall of Fame Village in Canton.
Earlier this year, the Village announced youth sports leagues and other activities at The SportDome would move into the new dome, and that The SportDome's manager had been hired to run it.
"We never wanted to exit the business," Eric Kempthorn said, adding his dad's mission in opening the SportDome was to ensure athletic opportunities and facilities were available to the community. "So, with the Village in place ... it's still going to be fulfilled. Sports was very important to him."
Richard Kempthorn, a standout football player at McKinley High, played on a pair of national championship teams at the University of Michigan. He passed on a chance to play pro football — instead opting to take over the car dealerships his father had created.
The 51,758-square-foot, canvas-covered SportDome — more than 1 acre under roof — has been home to everything from volleyball to soccer leagues, as well as a home for private instructors. A track encircles the sunken artificial turf playing field, which is 120 feet wide and 260 feet long.
"There's still a lot of life left in the dome," said Kiko, who was a regular visitor; his 10-year-old son took pitching lessons there from Shawn Nottingham over the winter.
For a half-century, the property also was home to Branhaven Swim & Tennis Club, which shared a parking lot with the SportDome. Tennis courts remain visible on the site, though the pool is gone.
Kempthorn had previously purchased the defunct club site.
More Jackson Township news:Meet Dr. Stan Anderson of Jackson Township, Ohio's 2022 Family Physician of the Year
Plenty of possibilities for site
The property will be offered in two ways. Bidders can purchase the entire 16 acres and dome, or they can bid separately on two packages: the dome and 14 acres of land and/or a 2-acre tract that fronts Portage Street NW.
"It's up to the public to decide what happens," Kiko said.
Every portion of the 16 acres is zoned for rural residential use. That means new owners have multiple options, according to information provided by township Zoning Inspector Joni Poindexter:
- It could remain a recreational sports business, because the township previously granted an exemption allowing for that type of use, despite the fact the land is zoned for houses.
- Homes could be built on the property, under the township's rural residential codes, which basically call for extra large lots.
- Any other use, aside from the above, would require a petition for a zoning change. That kind of alteration, though, would ultimately require approval from the three-member Board of Trustees.
An auction brochure notes the dome includes a front lobby, reception office, restrooms, locker rooms with showers, a viewing/party room with kitchen and a weight room.
Reach Tim at 330-580-8333 ortim.botos@cantonrep.com.On Twitter: @tbotosREP | https://www.cantonrep.com/story/news/local/jackson/2022/08/09/the-sportdome-in-jackson-township-will-be-auctioned-later-this-month-kempthorn-hall-of-fame-village/10202851002/ | 2022-08-09T10:44:23Z |
BELTON — About 30 children got exposed to coding, robotics and drones Saturday in a “Let’s Get Techy” event at the Bell County Museum.
Dr. Daniel Kott of Killeen led the seminar, assisted by Kayte Ricketts, education coordinator, other museum staff and student volunteers.
Kott, a career U.S. Army doctor, retired at Fort Hood in 1986. He is the founder and director of a mentoring organization, Multi-educational Cross Cultural and Arts Association of Central Texas.
For the opening format, Kott used a little show-and-tell on the students while they were seated on the floor of the museum’s upstairs auditorium.
He let them work with the red, green and blue color wheel for a while. Then he broke them into three groups, which rotated from his table to that of two high school students.
“We want you to be ready to go to the moon or Mars,” he said.
When it comes to electricity, “you’ve got to know safety,” he said.
In the realm of electricity, a new product has come out, he said, and an assistant handed him a drone.
“If the child is not ready for the air, they’re not ready,” he said.
In his left hand he held an object.
“This is a chip,” he said.
In his right hand he took another.
“This is a robot,” he said.
The blades of a drone are sharp and fast and can cause harm, he said, so the children need to be careful, he said.
“Know your controls,” he said. “Electricity is dangerous stuff. You need to spend a little bit of time on electricity.”
Every drone for children should be at 5 volts or below, he said.
Drones can be used by firefighters and police officers, he said. They can be used for school security, he said.
In the case of a gunman entering a classroom, he said, a drone could fly around his head as a distraction.
“Now he’s shooting at the drone,” he said. “More than likely he can’t hit the drone. We’re thinking of one or four drones. Anything you can do, the drone can do better, and it doesn’t die.”
The drone has better vision than the human eye and the video can be seen on the internet, he said. Every police officer could be watching on his phone.
The use of military drones accounts for Ukraine being able to hold out against the Russians for six months, he said.
Drones can be bought for as little as $100, he said. Controlling them is like playing a video game.
“Most adults can’t do it, but any kid can,” he said.
At one of the tables, Natalie Gomez, 15, of Killeen showed the children how to operate a drone.
“I know how to work it with the remote,” she said. “I’m still learning the program.
“Whenever I have the camera connected, I can fly it around my house without having to move,” she said. “I put a little toy on it and flew it to my mom. It’s an interesting thing I’m learning now.
“We’re trying to incorporate the drones into the high school,” she said. “The elementary has them, but they don’t use them.”
To the children’s delight, she flew the drone around the room, maneuvering it to avoid another drone someone else was flying.
“I want to learn how to do the bigger drone, and make it carry bigger things,” she said. “We have to be very cautious.”
At the third table, Alex Donnell, 15, of Killeen talked to the children about light, drones and wireless power. He’s been learning about these things for a few years and is aiming toward an engineering degree. He also is interested in welding and automotive repair, he said.
He showed the children a toy drone with a battery that lasts 30 minutes. Then he showed them how to fold it up.
“You can put it in your pocket,” he said. | https://www.tdtnews.com/news/central_texas_news/article_41671d1c-2681-11ed-b916-2bd7b833fc78.html | 2022-08-28T07:29:21Z |
Manhunt underway in Johnston County
Published: Jun. 10, 2022 at 2:08 PM CDT|Updated: 18 minutes ago
JOHNSTON COUNTY, Okla. (KXII) - Deputies are on the scene of a manhunt in Johnston County Friday afternoon.
The Johnston County Sheriff’s Office says that Marshall Ray Hogan and Stevie Lynn Morgan were last seen on pasture land headed south from Highway 7 and Wiley Road.
Hogan is a 38 year old white male, 6′3,″ 210 pounds with brown hair and green eyes. Deputies say he has several outstanding warrants.
Morgan is a 43 year old white female, 5′6,” 195 pounds with brown hair and gray eyes.
Both are known to frequent the Atoka County Area.
If you see these individuals, contact the Johnston County Sheriff’s Office or dial 9-1-1.
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/06/10/manhunt-underway-johnston-county/ | 2022-06-10T19:28:37Z |
CAMARILLO, Calif., Sept. 7, 2022 /PRNewswire/ -- VGrid Energy Systems, Inc. announced today that it has earned the U.S. Department of Agriculture (USDA) Certified Biobased Product label. The product, Persist™ Biochar, is now able to display a unique USDA label that highlights its percentage of biobased content.
Third-party verification for a product's biobased content is administered through the USDA BioPreferred Program, an initiative created by the 2002 Farm Bill (and recently reauthorized by the 2018 Farm Bill). One of the goals of the BioPreferred Program is to increase the development, purchase and use of biobased products.
The USDA Certified Biobased Product label displays a product's biobased content, which is the portion of a product that comes from a renewable source, such as plant, animal, marine, or forestry feedstocks. Utilizing renewable, biobased materials displaces the need for non-renewable petroleum-based chemicals. Biobased products, through petroleum displacement, have played an increasingly important role in reducing greenhouse gas (GHG) emissions that exacerbate global climate change.
"With the USDA BioPreferred Program product label, VGrid can further demonstrate the efficiency and effectiveness of our Persist™ premium biochar," said Greg Campbell, CEO at VGrid Energy Systems. "Created from pistachio shells, a biowaste that would otherwise end up in the landfill, our premium biochar is helping homeowners, golf course superintendents, vineyard managers and many others use less water, generate long-term soil health and, ultimately, reverse climate change."
Biobased products are cost-comparative, readily available, and perform as well as or better than their conventional counterparts.
"We applaud VGrid Energy Systems for earning the USDA Certified Biobased Product label," said Vernell Thompson, USDA BioPreferred Program. "Products from VGrid Energy Systems are contributing to an ever-expanding marketplace that adds value to renewable agriculture commodities, creates jobs in rural communities, and decreases our reliance on petroleum."
According to a report that USDA released in July 2019, biobased products contributed $459 billion to the U.S. economy in 2016 (a 17% increase from 2014) and support, directly and indirectly, 4.6 million jobs. The report's research team estimates the reduction of fossil fuels and associated GHG emissions from biobased products equivalent to approximately 12 million metric tons of carbon dioxide (CO2) prevented as of 2016.
The increased production of renewable chemicals and biobased products contributes to the development and expansion of the U.S. bioeconomy – where society looks to agriculture for sustainable sources of fuel, energy, chemicals, and products.
About VGrid Energy Systems, Inc:
VGrid Energy Systems, Inc. focuses on innovative solution in renewable energy, carbon negativity and organic plant growth. The company started by delivering breakthrough technology to farmers and homeowners in its home state of California and it continues to expand its efforts across the country through strategic partnerships. VGrid is engaged in the research, development and prototyping of complex electromechanical systems with ongoing testing and refinement. With its Persist products, biochar and Bioservers, VGrid continues to provide ways for homeowners, businesses and large corporations to strive towards reversing climate change and creating a healthier environment.
About the USDA BioPreferred Program and Certified Biobased Product label
The BioPreferred Program is a USDA-led initiative that assists the development and expansion of markets for biobased products. The BioPreferred Program is transforming the marketplace for biobased products through two initiatives: mandatory purchasing requirements for Federal Agencies and Federal contractors and voluntary product certification and labeling.
Biobased products span a diverse range of applications, such as lubricants, cleaning products, chemicals and bioplastics. The USDA Certified Biobased Product label communicates a product's biobased content. Expressed as a percentage, biobased content is the ratio of non-fossil organic carbon (new organic carbon) to total organic carbon in a product. New organic carbon is derived from recently created materials. The total organic carbon in a product consists of new organic carbon and old organic carbon that originates from fossil carbon materials, such as petroleum, coal, or natural gas. More than 3,500 products have earned the USDA Certified Biobased Product label. To learn more about the USDA Certified Biobased Product label please visit www.biopreferred.gov, and follow on Twitter at http://twitter.com/BioPreferred.
Media Contacts:
Jeremy Witt
VGrid Energy Systems, Inc.
269-370-1097
jwitt@lambert.com
Vernell Thompson
USDA BioPreferred® Program
202.720.4145
vernell.thompson@dm.usda.gov
View original content to download multimedia:
SOURCE VGrid Energy Systems, Inc. | https://www.wibw.com/prnewswire/2022/09/07/vgrid-energy-systems-inc-earns-usda-certified-biobased-product-label/ | 2022-09-07T16:48:58Z |
Pre-order your G FUEL Blue Bomber Slushee Collector's Box at GFUEL.com while supplies last!
NEW YORK, May 18, 2022 /PRNewswire/ -- Celebrating 35 years of robot-blasting adventures with Capcom's Mega Man™, G FUEL — The Official Energy Drink of Esports® — today announced its new flavor, Blue Bomber Slushee, is now available for pre-order at GFUEL.com! Fans can pick up the flavor in a limited-edition Collector's Box, which includes a 40-serving tub and an exclusive Shaker Cup modeled after the Blue Bomber's signature Mega Buster arm cannon!
High above the city rooftops, a lone warrior, Mega Man, stands between humanity and Dr. Wily's evil robot army! In the blink of an eye, he disappears, off to save the world. It looks like he left something behind! Out of breath and energy, you reach the rooftop and see the brand-new G FUEL Blue Bomber Slushee Collector's Box with a 16 oz Mega Buster-styled Shaker Cup!
Blue Bomber Slushee is the fourth flavor that G FUEL developed in partnership with Capcom. The first three co-developed flavors are Resident Evil 3 Nemesis Tea, Monster Hunter Rise-inspired Mega Potion, and Resident Evil Village-themed Maiden's Blood.
G FUEL Blue Bomber Slushee Energy Formula is sugar-free and packed with antioxidants from 18 different fruit extracts. Each serving has only 15 calories and contains 140 mg of caffeine plus proprietary energy and focus-enhancing complexes. This sweet and delicious Vanilla Blue Raspberry taste will remind you of the summertime treat that will give you the cool you need to help you land on that next disappearing platform!
"We are ecstatic to partner up with Capcom once again to bring a new Mega Man-themed flavor to fans around the globe," said G FUEL Founder and CEO, Cliff Morgan. "G FUEL Blue Bomber Slushee is a delicious way to refill your energy tank, all while celebrating one of the most iconic characters in gaming history."
Bring the fight to the Robot Masters and beat Dr. Wily at his own game! Refill your Life Energy and charge up your Buster Shot with the G FUEL Blue Bomber Slushee Collector's Box, now available for pre-order at GFUEL.com!
About G FUEL
As The Official Energy Drink of Esports®, G FUEL provides gamers with a performance-driven alternative to standard energy drink products. With an ever-expanding, sugar-free product lineup that includes a powdered Energy Formula, ready-to-drink cans, powdered Hydration Formula and bottled Sparkling Hydration, G FUEL has firmly established itself as the market leader in the gamer energy drink industry.
With more than 330,000 5-star Shopper Approved Ratings, a shipping network that spans over 125 countries, a nationwide retail campaign, and a global social media footprint of over 1 billion followers, G FUEL maintains the industry's largest and most passionate community of fans, customers, content creators, and partners. Content creators and partners include the likes of Ninja, Sentinels Esports, Logic, NoisyButters, Luminosity Gaming, PewDiePie, Mikal Bridges, David Dobrik, Summit1G, xQc, Marvel Studios, Sony Pictures, Activision, SEGA of America, CAPCOM®, Bethesda Game Studios, Warner Bros., HYPEMAKER, DXRacer, Scuf Gaming, SteelSeries, and Digital Storm.
Join the movement today at GFUEL.com and follow us on social media @GFuelEnergy.
Press Contact:
media@gfuel.com
Distribution and Wholesale Contact:
dluks@gfuel.com
About CAPCOM
Capcom is a leading worldwide developer, publisher and distributor of interactive entertainment for game consoles, PCs, handheld and wireless devices. Founded in 1983, the company has created hundreds of games, including groundbreaking franchises Resident Evil™, Monster Hunter™, Street Fighter™, Mega Man™, Devil May Cry™ and Ace Attorney™. Capcom maintains operations in the U.S., U.K., Germany, France, Hong Kong, Taiwan, Singapore and Tokyo, with corporate headquarters located in Osaka, Japan. More information about Capcom and its products can be found at www.capcom.com or www.news.capcomusa.com.
Capcom, and the Capcom logo are registered trademarks of Capcom Co., Ltd. in the U.S. or other countries. Ace Attorney, Devil May Cry, Mega Man, Monster Hunter, Resident Evil and Street Fighter are trademarks and/or registered trademarks of Capcom Co., Ltd. and/or its subsidiaries, in the U.S. and/or other countries. All other trademarks and trade names are the property of their respective owners.
©CAPCOM CO., LTD. ALL RIGHTS RESERVED.
View original content to download multimedia:
SOURCE G FUEL | https://www.wibw.com/prnewswire/2022/05/18/g-fuel-capcom-partner-up-celebrate-35-years-mega-man-with-brand-new-flavor-blue-bomber-slushee/ | 2022-05-18T20:17:34Z |
NEW YORK, Sept. 1, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Amazon.com, Inc. ("Amazon" or the "Company") (NASDAQ: AMZN) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Amazon investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of all persons or entities that purchased or otherwise acquired shares of Amazon common stock between July 30, 2021, and April 28, 2022, inclusive. Follow the link below to get more information and be contacted by a member of our team:
AMZN investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: 1) defendants knew or recklessly disregarded that the Company's infrastructure and fulfillment network investments substantially outpaced demand; 2) those investments were a massive, self-imposed, undue drain on Amazon's financial condition; 3) contrary to defendants' public statements and undisclosed to investors, defendants had already implemented cutbacks to Amazon's fulfillment capacity by July 2021; and 4) as a result of defendants' misrepresentations and omissions, Amazon's common stock traded at artificially inflated prices during the class period.
WHAT'S NEXT? If you suffered a loss in Amazon during the relevant time frame, you have until September 6, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
View original content to download multimedia:
SOURCE Levi & Korsinsky, LLP | https://www.kxii.com/prnewswire/2022/09/01/amzn-lawsuit-alert-levi-amp-korsinsky-notifies-amazoncom-inc-investors-class-action-lawsuit-upcoming-deadline/ | 2022-09-01T11:01:46Z |
WASHINGTON (AP) — The Homeland Security Department’s inspector general has refused congressional requests for documents and staff testimony about the erasure of Secret Service communication related to the Jan. 6, 2021 attack on the Capitol, angering top Democrats who accuse him of unlawfully obstructing their investigation.
In an Aug. 8 letter disclosed Tuesday, Inspector General Joseph Cuffari told the leaders of the House Oversight and Homeland Security committees that his office will not comply with their requests for internal documents and sit-down interviews due to the ongoing criminal investigation into deleted Secret Service text messages.
In response, House Oversight Chair Carolyn Maloney and Homeland Security Chair Bennie Thompson sent a letter Tuesday demanding Cuffari turn over documents and make his staff available to lawmakers or risk facing a potential congressional subpoena
“Your obstruction of the Committees’ investigations is unacceptable, and your justifications for this noncompliance appear to reflect a fundamental misunderstanding of Congress’s authority and your duties as an Inspector General,” Maloney and Thompson wrote in the letter.
“If you continue to refuse to comply with our requests, we will have no choice but to consider alternate measures to ensure your compliance,” they wrote.
It’s just the latest back-and-forth over the text messages since mid-July, when Cuffari sent a letter to Congress disclosing that Secret Service text messages sent and received around Jan. 6, 2021, were deleted despite requests from Congress and federal investigators that they be preserved.
Since then, the two House committees say they have obtained evidence that shows the inspector general’s office first learned of the missing Secret Service text messages as part of its investigation into the attack on the U.S. Capitol, in May 2021. They say emails between top Homeland Security IG officials show the agency — which oversees the Secret Service — decided to abandon efforts to recover those text messages in July 2021, nearly a year before they first informed Congress they were erased.
Lawmakers want answers to why watchdog officials chose “not to pursue critical information from the Secret Service at this point in this investigation,” and only decided to renew their request to to DHS for certain text messages more than four months later in December 2021.
The erasure of the messages has raised the prospect of lost evidence that could shed further light on then-President Donald Trump’s actions during the insurrection, particularly after testimony about his confrontation with security as he tried to join supporters at the Capitol. There are now two congressional probes into the Secret Service and the DHS handling of those communications.
The missing texts are also at the center of the House committee investigating the Jan. 6 attack, of which Thompson is the chairman.
The Secret Service has since turned over a large number of records and documents to the committee investigating the Capitol insurrection, but only one text message between agents on the day before the attack and as a mob of rioters breached the Capitol building on Jan. 6.
The Secret Service has insisted that proper procedures were followed. Agency spokesman Anthony Guglielmi said last month that “the insinuation that the Secret Service maliciously deleted text messages following a request is false.”
Maloney and Thompson told Cuffari that his “failure to comply with our outstanding requests lacks any legal justification and is unacceptable.”
They gave his office until Aug. 23 to provide “all responsive documents” and make personnel available for interviews before lawmakers issue a congressional subpoena. | https://cw33.com/news/politics/ap-politics/democrats-press-for-secret-service-records-hint-at-subpoena/ | 2022-08-17T16:10:01Z |
NEW YORK, April 1, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Grab Holdings Limited (NASDAQ: GRAB).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/grab-holdings-limited-loss-submission-form/?id=25401&from=4
The lawsuit seeks to recover losses for shareholders who purchased Grab Holdings between November 12, 2021 and March 2, 2022.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until May 16, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, Grab Holdings Limited issued materially false and/or misleading statements and/or failed to disclose that: (1) Grab's driver supply declined during the third quarter; (2) as a result, Grab continued to invest heavily in driver and consumer incentives to "preemptively recalibrate driver supply"; (3) as a result, the Company's financial results would be adversely impacted, including, among other things, a significant decline in revenue; and (4) 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.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
View original content:
SOURCE Jakubowitz Law | https://www.wibw.com/prnewswire/2022/04/01/grab-shareholder-alert-jakubowitz-law-reminds-grab-holdings-shareholders-lead-plaintiff-deadline-may-16-2022/ | 2022-04-01T12:06:35Z |
Civil Grand Jury releases "A Progress Report About The San Francisco Department Of
Homelessness And Supportive Housing"
SAN FRANCISCO, June 30, 2022 /PRNewswire/ -- The 2021-2022 San Francisco Civil Grand Jury today released a report about the status of the Department of Homelessness and Supportive Housing (HSH, or the Department), initially formed in 2016 to monitor and coordinate City and non-profit homeless services.
The Jury investigated the operational performance of HSH, the lead agency coordinating the City's response to homelessness. Its interest in investigating this subject stemmed from its desire to follow up on operational deficiencies identified by the City's Budget and Legislative Analyst (BLA) performance audit completed in 2020, some of which remain unresolved.
Two years after the BLA report, deficiencies remain in areas such as communications, community engagement, data collection, and meaningful external oversight.
"HSH must improve its external communications and how it gathers, shares, and responds to data," said Will McCaa, jury foreperson pro tem. "If one seeks basic information about homelessness and what the City is doing about it, such info is scattered across several disparate department websites and online dashboards. Our City's homeless data must be more accessible to its residents.
"For example, HSH could hone its focus on the needs of older adults who are experiencing homelessness. Half of the city's homeless population is over 50 years of age and the fastest growing age group of homeless people is now 65 years and older. Older adults experiencing homelessness are sicker, more frail, and more vulnerable to violence. However, the department effectively omits this population in data reporting. As a result, HSH often falls short in considering special circumstances for older adults.
"Moreover, we believe HSH should be overseen by a Commission. HSH has the 8th largest operating budget of all City departments but is unique in that it has no formal commission overseeing its activity. We believe independent department oversight, with binding authority, must be established if San Francisco residents are to gain trust in HSH," concluded McCaa.
About the Jury: Every year, the Superior Court selects 19 San Franciscans to serve year-long terms on the Civil Grand Jury. The purpose of the Jury is to investigate the operations of the government of the great car buyer car on print.com all7City and County of San Francisco. Civil Grand Jury reports may be viewed on-line at https://civilgrandjury.sfgov.org/report.html
View original content:
SOURCE San Francisco Civil Grand Jury | https://www.kxii.com/prnewswire/2022/06/30/san-franciscos-department-homelessness-supportive-housing-must-improve-data-use-can-enhance-outreach-lacks-meaningful-oversight/ | 2022-06-30T15:49:09Z |
NIH-funded study shows RVX201 exhibits robust protection against recurrent HSV-2 disease in guinea pig model
WOBURN, Mass. and OXFORD, England, July 8, 2022 /PRNewswire/ -- Rational Vaccines, a company focused on revolutionizing the treatment and prevention of herpes to eradicate the disease, today announced findings from an National Institutes of Health (NIH)-funded pilot study of RVX201, the Company's lead therapeutic vaccine candidate for herpes simplex virus type 2 (HSV-2). Results showed that treatment with RVX201 led to a reduction in recurrent genital lesions when compared to gD2-alum/MPL vaccine or placebo in vivo. In addition, RVX201 appears to generate a robust cellular immune response equivalent to that elicited by wild-type HSV-2 on Day 7 post-infection. Results showed that in comparison to no vaccine, animals that received RVX201 had the number of symptomatic days reduced by 45 percent while those that received gD2-alum/MPL vaccine only had a 24 percent reduction in symptomatic days.
"HSV is one of the most prevalent sexually transmitted infections. It is a cause of severe neonatal infections and a leading infectious cause of blindness in the Western world," said Konstantin G. Kousoulas, Ph.D., professor of virology and biotechnology, Louisiana State University (LSU) School of Veterinary Medicine, and vice president of scientific affairs at Rational Vaccines. "This therapeutic study shows that RVX201 confers significant protection from HSV-2 reactivation in latently infected animals. Specifically, results indicate significant reduction in viral titers and lesion scores in genital tissues of immunized guinea pigs in comparison to animals vaccinated with purified glycoprotein D (gD) with adjuvant. Additional prophylactic studies in mice have shown drastic protection against lethal HSV-2 genital challenge. Overall, these results as well as available limited human studies indicate that RVX201 can be an effective prophylactic and therapeutic vaccine approach against HSV-2/HSV-1 infections."
"In this pilot study we demonstrate that RVx's lead candidate, RVX201, performs significantly better than gD-2 when delivered via the same route" said Dr. Edward Gershburg, Chief Technology Officer for Rational Vaccines. "RVX201 reduced recurrences and number of symptomatic days by almost two-fold when compared to placebo. These results are consistent with our earlier observations, and warrant further testing of this candidate in humans."
The herpes simplex virus (HSV), commonly referred to as herpes, is categorized into two types: herpes simplex virus type 1 (HSV-1) and herpes simplex virus type 2 (HSV-2). HSV-1 is the primary cause of oral herpes but can also cause genital herpes. HSV-2 is the primary cause of genital herpes. According to a 2020 report by the World Health Organization (WHO), herpes infects billions globally – about a half a billion people worldwide are living with genital herpes, and several billion have an oral herpes infection. Both HSV-1 and HSV-2 infections are lifelong.
While most herpes infections are asymptomatic, a significant number of people experience a range of symptoms that vary in frequency and severity. The most common symptoms for both types of herpes are painful blisters or ulcers. In addition, many patients experience debilitating neuralgia, skin splits, fissures, minor abrasions, erythema, fever, chills, and myalgias. Both viruses are most contagious during a symptomatic outbreak, but they can still be transmitted in the absence of symptoms.
There is no cure for herpes. There are no approved vaccines or immunotherapies or sufficiently reliable diagnostics currently available1. Antiviral medications developed in the 1970s can help to reduce the severity and frequency of symptoms but cannot cure the infection.
Rational Vaccines is revolutionizing the treatment, prevention, and diagnosis of herpes and herpes-related diseases with its rationally engineered, live-attenuated viral immunotherapeutic and prophylactic vaccine candidates. Led by a team of world-renowned scientists, the Company is headquartered in Woburn, MA with locations in Miami, FL and Oxford, UK. For more information, please visit www.rationalvaccines.com
1https:/www.who.int/news-room/fact-sheets/detail/herpes-simplex-virus and Herpes - STI Treatment Guidelines (cdc.gov)
2https://pubmed.ncbi.nlm.nih.gov/16327322/
View original content to download multimedia:
SOURCE Rational Vaccines | https://www.kxii.com/prnewswire/2022/07/08/rational-vaccines-herpes-simplex-type-2-hsv-2-therapeutic-vaccine-candidate-demonstrates-efficacy-therapeutic-animal-study/ | 2022-07-08T11:13:25Z |
AUSTIN, Texas, May 12, 2022 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it has completed the previously announced disposition of the 169-guestroom Hilton Garden Inn San Francisco Airport North for a gross sales price of $75.0 million, or $444,000 per key, through its joint venture with GIC.
The transaction represents 1% capitalization rate based on the hotel's net operating income after a 4% FF&E reserve for the twelve months ended March 31, 2022. The joint venture will also forego a comprehensive renovation that was scheduled for late 2022 estimated to be $7.1 million, or $42,000 per key, as a result of the sale.
The joint venture acquired the hotel in October 2019 for $58.0 million, or $343,000 per key, and the transaction will result in an estimated $20.5 million net gain on sale. Net proceeds from the transaction are estimated to be $73 million, of which the Company's share will be equal to approximately $37 million. The Company expects to use the net sale proceeds, along with existing cash, to repay its only remaining 2022 debt maturity for $62 million.
About Summit Hotel Properties
Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of May 12, 2022, the Company's portfolio consisted of 100 hotels, 61 of which are wholly owned, with a total of 15,059 guestrooms located in 24 states.
For additional information, please visit the Company's website, www.shpreit.com, and follow on Twitter at @SummitHotel_INN.
Forward-Looking Statements
This press release contains statements that are "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, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "potential," "intend," "expect," "seek," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," "forecast," "continue," "plan," "likely," "would" or other similar words or expressions. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. Examples of forward-looking statements include the following: the Company's ability to realize financial and operational synergies; projections of revenues and expenses or other financial items; descriptions of the Company's plans or objectives for future operations; forecasts of EBITDAre; and descriptions of assumptions underlying or relating to any of the foregoing expectations regarding the timing of their occurrence. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company's control, which could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to, the state of the U.S. economy, supply and demand in the hotel industry, and other factors as are described in greater detail in the Company's filings with the Securities and Exchange Commission ("SEC"). Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.
For information about the Company's business and financial results, please refer to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" sections of the Company's Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC, and its quarterly and other periodic filings with the SEC. The Company undertakes no duty to update the statements in this release to conform the statements to actual results or changes in the Company's expectations.
View original content to download multimedia:
SOURCE Summit Hotel Properties, Inc. | https://www.wibw.com/prnewswire/2022/05/12/summit-hotel-properties-completes-sale-hilton-garden-inn-san-francisco-airport-north-75-million/ | 2022-05-12T21:24:24Z |
Cudahy, WI, July 27, 2022 /PRNewswire/ -- On May 27th, 2022, The Porkie Company Of Wisconsin was acquired by Pork King Good, a quirky and unique pork rind brand with a fanatically loyal customer base, led by Lauren Koston.
Pork King Good launched in 2018 as a customer of the Porkie Company of Wisconsin and quickly grew into one of the Porkie Company's largest customers with their innovative flavor lineup of Pork Rinds along with their best-selling Pork Rind Crumbs, a zero carb breadcrumb alternative.
With this acquisition, Pork King Good & The Porkie Company become the only woman-owned pork rind manufacturing business in the country!
The acquisition of The Porkie Company and its facility will position the team to best support the record-breaking growth of the Pork King Good brand. Pork King Good initially launched online and quickly became a leading brand, shaking up the pork rind world. Recently, the team has begun to focus more on building a strong retail presence with their flavored Pork Rinds, Seasonings, and their top-selling Pork Rind Crumbs.
"Owning & operating our own manufacturing will really allow us to support our national distribution and retail growth strategy" said Lauren Koston, founder of Pork King Good.
The team intends to expand its retail business by building strategic partnerships with direct-store-delivery operators and retailers alike. In addition to supporting the growth of the Pork King Good brand, the team is actively pursuing opportunities to partner with retailers to develop private-label programs across multiple categories, including their pork rinds.
For more information, feel free to reach out to info@porkkinggood.com.
View original content:
SOURCE Pork King Good | https://www.kxii.com/prnewswire/2022/07/28/porkie-company-wisconsin-has-new-queen-shes-pretty-pork-king-good/ | 2022-07-28T00:46:31Z |
The newly released Net Zero Series has a high-power output of 210kW, with the capacity to charge multiple vehicles in less than 30 minutes. Equipped with an industrial socket for easy installation, the integrated BYD liquid-cooled battery packs can store up to 466kWh of electricity and be set to different modes for smart energy management, including Battery2Grid functionality. XCHARGE is working to deploy units in Europe by year end, with a US market offering next year.
HAMBURG, Germany, May 16, 2022 /PRNewswire/ -- XCHARGE, a global leader in EV charging solutions, unveiled their latest product line the Net Zero Series which is aimed to drive the adoption of fast charging and energy storage solutions. In response to the growing demand of electricity during peak times, XCHARGE collaborated with battery leader BYD to combine advanced battery technology with intelligent charging creating the next generation of EV infrastructure. The two companies agreed to collaborate on the new product based on their commitment to a carbon-free, sustainable transportation and a shared vision to foster a greener future.
210kW Output. 466kWh Capacity. Battery2Grid Functionality.
The Net Zero Series enables 210kW max. output power, supports up to 2 vehicles simultaneously charging, and features a 19-inch HD touchscreen. It is equipped with liquid cooled Lithium-ion battery modules which come in two storage capacities, 233kWh in the base configuration and 466kWh in the Plus model. In addition, the net zero series is designed with a Battery2Grid function where applicable, so that in peak hours, the charger can sell energy back to the grid, if the battery is relatively full.
In addition to various preset modes, the smart operating system also includes a Power Reserve Mode, ensuring that a certain amount of energy is always kept within the charger. This always allows the charger to provide power (to vehicles or buildings) in the event of emergency black out situations.
Minimal Setup. Maximum Flexibility
Another key highlight is the industrial socket assembled to the charger. This feature allows for easy and cost-effective installation; operators only need to prepare a 30/60kW power plug to connect the charger with the grid and start the EV charging business immediately. Fast charging no longer needs construction heavy project, it's all packed into one "plug-able" piece. Since it's unnecessary to build foundation under the charger, relocation is also made easy. Just unplug and mount it at a new location with minimal headache.
A Global Solution to All Major Markets
With the introduction of this new technology, XCHARGE has re-positioned itself from just offering charging solutions to empowering a digital energy network. "Since we have less than 20 years to achieve net zero carbon emissions, all of us must feel compelled to speed up our innovation toward this transition. we are delighted to work with a strong battery partner like BYD on this specific initiative." said Simon Hou, CEO of XCHARGE. "The Net Zero Series is a significant proof point to align technology with environmental goals in our entire product portfolio. We will also have more new products that integrate with renewable energies coming out, using our strong R&D capabilities to adapt a new era of Net Zero while advancing sustainable economic growth."
Alongside the European and Asia-Pacific markets, XCHARGE also announced to enter the United States for the first time, with the Net Zero Series being a focus of their market offerings. The Net Zero Series will help reshape the future of EV charging by offering a way to sustainably and reliably charge EVs with ever increasing grid demand. As a pioneer startup in EV charging sector, XCHARGE is founded by former Tesla employees, with investment by Shell Venture in its Series B funding round, XCHARGE aims to contribute its key expertise in providing energy to electrified transportation.
About Net Zero Series
Net Zero Series offers the synergy of energy storage and fast charging experience to shape the future of carbon neutral transition. Designed with the essence of XCHARGE, this disruptive technology applies a completely new modular upgrade and intelligent software system for the whole E-mobility market. It is a single unit High Power charger with a disruptive design, featuring 19-inch touchscreen, equipped with a liquid cooled Lithium-ion battery that can store up to 233kWh of electricity. Enabling 210kW output power, supporting up to 2 vehicles at a time, and a perfect fit for most parking lots.
About XCHARGE
XCHARGE is a leading High Power Intelligent Charging solutions provider. From design to R&D, from manufacturing to sales, from solutions to maintenance, XCHARGE thrives to enable charging capacity to energy companies, fleet operators, and parking lot operators worldwide. We apply "Hardware + Software" system to make a real difference to EV charging experience. XCHARGE's evolved from the idea to help our client maximize charging revenue, while minimizing maintenance costs. We prepare our clients for a low carbon transformation and inspire business growth. Together with our partner relationships, we are present in more than 25 countries. For more information, please visit https://www.xcharge.com/global/en/
View original content to download multimedia:
SOURCE XCharge | https://www.kxii.com/prnewswire/2022/05/17/xcharge-launches-battery-integrated-charger-cooperation-with-byd/ | 2022-05-17T04:08:28Z |
A California doctor who is a leading figure in the anti-vaccine movement was sentenced on Thursday to two months in prison for storming the U.S. Capitol, where she delivered speeches to rioters during the mob’s attack.
U.S. District Judge Christopher Cooper in Washington, D.C., also sentenced Dr. Simone Gold to 12 months of supervised release after her 60-day prison term and ordered her to pay a $9,500 fine. She can report to prison at a date to be determined.
Gold, a former emergency room physician, said she deeply regrets entering the Capitol during the riot on Jan. 6, 2021, and didn’t intend to get involved in an event that was “so destructive to our nation.”
“It’s the opposite of who I am,” she told Cooper.
Gold founded America’s Frontline Doctors. a group known for purveying COVID-19 misinformation. The Beverly Hills-based doctor, a Stanford Law School graduate, has over 480,000 followers on Twitter. She has condemned COVID-19 lockdowns and promoted the use of unproven and potentially dangerous drugs as coronavirus treatments.
The judge told Gold that her anti-vaccine activism wasn’t a factor in her sentencing. Cooper said Gold wasn’t a “casual bystander” on Jan. 6.
The judge also said Gold’s organization has misled supporters into believing her prosecution was politically motivated and trampled on her free speech rights. Cooper called it “unseemly” that America’s Frontline Doctors has invoked the Capitol riot in raising money, including for her salary.
“I think that is a real disservice to the true victims of that day,” he said.
Gold pleaded guilty in March to entering and remaining in a restricted building, a misdemeanor that carries a maximum sentence of one year in prison.
More than 800 people have been charged with federal crimes related to the riot at the Capitol. Over 300 of them have pleaded guilty, mostly to misdemeanors, and nearly 200 have been sentenced.
After the riot, Gold told The Washington Post that she followed a crowd into the Capitol, didn’t witness any violence and didn’t think she was breaking any laws.
“I can certainly speak to the place that I was, and it most emphatically was not a riot,” she said. “Where I was, was incredibly peaceful.”
But prosecutors say she entered the Capitol immediately after a law enforcement officer was assaulted and dragged to the ground in front of her. Gold also joined a mob that was trying to break into the House chamber and later ignored police commands to leave Statuary Hall so she could finish giving a speech, according to prosecutors.
Prosecutors had recommended 90 days of imprisonment, one year of supervised release and 60 hours of community service for Gold.
Gold spent two days in jail after her January 2021 arrest. Her lawyers had requested a sentence of time served and 60 hours of community service. Gold agreed to pay $500 in restitution.
Prosecutors said Gold hasn’t shown remorse or accepted responsibility for her actions. They accused her of trying to profit from her crime, saying America’s Frontline Doctors has raised more than $430,000 through its website for her legal expenses.
“It beggars belief that Gold could have incurred anywhere near $430,000 in costs for her criminal defense: after all, she pleaded guilty — in the face of indisputable, readily identifiable evidence — without filing a single motion,” prosecutors wrote in a court filing.
Defense attorney Dickson Young said Gold has paid her lawyers “out of her own pocket.” Young said America’s Frontline Doctors has kept the donated money for itself.
Gold told the Post that she had traveled to Washington to speak at a “Rally for Health Freedom” on the East side of the Capitol on the afternoon of Jan. 6.
Gold was charged with John Strand, the communications director for America’s Frontline Doctors. Prosecutors also described him as Gold’s boyfriend.
Strand has pleaded not guilty to the charges again him and has a trial scheduled to start on July 18. Prosecutors say Strand rejected their offer for a plea agreement.
Strand was filming as Gold gave a speech in Statuary Hall about her opposition to coronavirus vaccine mandates and government-imposed lockdowns. After police escorted her out of Statuary Hall, Gold delivered another speech in the Rotunda using a bullhorn while standing on a statue of former President Dwight D. Eisenhower.
Gold and Strand spent nearly an hour inside the Capitol before leaving.
The Medical Board of California’s database shows Gold remains licensed to practice medicine in the state. However, Gold’s lawyers say the board sent her a letter threatening to revoke her medical license for “an instance of misinformation.”
“My reputation has been utterly shredded,” Gold said Thursday.
Gold moved from California to Naples, Florida, after her arrest. Defense attorney Kira West said Gold has received threats and travels with a bodyguard. | https://cw33.com/news/politics/ap-politics/anti-vaccine-doctor-sentenced-to-prison-for-capitol-riot/ | 2022-06-16T22:19:46Z |
#NATIONALDAYOFMASKING
NEW YORK, July 15, 2022 /PRNewswire/ -- French luxury skincarebrand Clarins has joined forces with beauty expert Kathleen Jennings to officially declare July 16th, National Day of Masking. Commencing each year on July 16th, the holiday will serve as a source of inspiration that celebrates and encourages the act of normalizing self-care by wearing your skincare mask of choice—mark the holiday by sharing your favorite skincare mask and tagging #NationalDayofMasking.
As a former attorney and a mother of three, Texas-based beauty guru Kathleen Jennings has asserted her expertise and know-how within the vast world of beauty and all-things skincare. Having cultivated a loyal online presence and social following, the skincare enthusiast and face mask aficionado has amassed an engaged beauty community. Daily she provides in-depth product reviews, tutorials, and promotions by offering an honest, unfiltered approach to beauty and skincare. Jennings has a unique daily dialogue with her engaged social community, reposting followers who tag HER while wearing beauty products they purchase based on her reviews. To drive home the mission of normalizing self-care and wearing your favorite skincare mask during everyday activities, Jennings, in partnership with Clarins, is proud to announce National Day of Masking.
Jennings' "Holy Grail" beauty product is the Clarins V-Facial Intensive Wrap (better known as the Clarins Depuffing Mask to her online community), praising it's incredible facial depuffing effect. "Whenever I find a product like the Clarins Depuffing Mask, and it actually delivers on its claims, it's like hallelujah! I want to make it a point to share it with the rest of the beauty and skincare world," says Jennings. This award-winning mask is instantly recognizable on social media due to the cream-mousse mask's beard-like appearance which targets key depuffing zones below the eyes and above the neck to combat skin issues brought on by stress, heat, and hormonal changes. This innovative plant-based formula includes Beautyberry & Ginger extracts as well as Horse Chestnut Escin, relieves puffiness and visibly refine facial features, and Lady's Mantle and Alchemilla extracts promote a radiant, even skin tone.
The social media facial de-puffing movement—spearheaded by Jennings—has transformed the Clarins V-Facial Intensive Wrap into a top seller for the brand, and is its #1 seller at Sephora. To celebrate and fulfill Jennings's 2021 birthday wish, Clarins is marking her birthday as #NationalDayofMasking. To engage both the brand and Jennings's social communities, Clarins will be hosting product giveaways on social media and encouraging all to post wearing a skincare mask on July 16th, tagging #NationalDayofMasking. This July 16th, Clarins will offer a 20% discount on all Clarins skincare masks clarinsusa.com and Sephora.com will offer 20% off V-Facial Intensive.
Kathleen Jennings (@kathleenjenningsbeauty) is a former attorney, mother of three, and self-proclaimed skincare fanatic. Kathleen founded the BeautyNow app for booking beauty appointments, assets of which were acquired by Groupon, Inc. in 2016. Today her site KathleenJenningsBeauty.com and social media handles @kathleenjenningsbeauty (Instagram, TikTok) chronicle her devotion to skincare masking (particularly #carpoolmasking) and honest reviews about beauty products and services.
Founded in a professional Parisian beauty institute by Jacques Courtin-Clarins in 1954, Clarins has become the #1 prestige skincare brand in Europe. More than 65 years later, the brand remains family-owned and is distributed in more than 140 countries—offering skincare innovations for face and body, men's, and makeup. With unique expertise in phytochemistry, Clarins Laboratories are considered pioneers in the fields of plant science and technology. The brand values are rooted in an ongoing dialogue with women, abiding respect for nature and people, and commitments to sustainable sourcing, including Le Domaine Clarins—our organic farm and open-air laboratory in the French Alps. Clarins is accelerating its sustainable actions to become a Certified B Corporation by 2023. Currently carbon neutral, the company will further reduce its carbon footprint by 30% and become 100% plastic neutral by using 100% recyclable packaging by 2025. Partners include Pur Projet (more than 525,000 trees planted to date), Plastic Odyssey (a three-year expedition across three continents with 30 stopovers to fight against plastic pollution), and FEED (more than 38 million school meals provided to children in need by the end of 2022).
Lucas Pétry, Clarins Communications Manager, lucas.petry@clarins.com
Melissa Reidhead, Clarins Senior Director, Communications, melissa.reidhead@clarins.com
Rémi Barbier, RBPR, remi@remibarbier.com
www.clarinsusa.com
View original content to download multimedia:
SOURCE Clarins USA | https://www.kxii.com/prnewswire/2022/07/15/clarins-launches-national-day-masking/ | 2022-07-15T16:46:16Z |
Phase one of ServMan enhancements include a new mobile application and expanded API integration with 24/7 sales contact center, Slingshot by WorkWave
HOLMDEL, N.J., Sept. 15, 2022 /PRNewswire/ -- WorkWave®, a leading provider of SaaS software solutions that support every stage of a service business's life cycle, has announced increased investment in the modernization of ServMan, its core ERP software solution for the HVAC, plumbing and electrical industries. This investment will allow ServMan to continue to be at the forefront of these industries with a multi-phased modernization approach as well as integration with Slingshot by WorkWave, a 24/7 sales contact center for service companies.
"The market has a clear need for what ServMan delivers — there simply is no other effective solution available for service companies performing this type of work," says WorkWave CEO David F. Giannetto. "Our top priority at WorkWave is to continue to update, modernize and fill every gap in our software portfolio so that every one of our customers has the right tools they need to propel their business forward, which puts ServMan on track to deliver even more value well into the future."
The first wave of modernization arriving in Q4 2022 will deliver an entirely new, device-native mobile platform that allows field technicians to improve efficiency, as well as their job satisfaction. It also includes a new set of flexible APIs and an integration into Slingshot by WorkWave, a solution WorkWave acquired in 2021. Slingshot is a comprehensive sales and answering service for home and commercial field service providers, and is already in use with key ServMan clients. The fully integrated solution will meet the increased demand from ServMan customers, allowing Slingshot agents to respond to service inquiries in real time, resolving customer needs on the first touch at any time during the day, even during peak season or spikes in inbound call volume when missed calls equal missed revenue.
"Through this integration, we are covering both inbound customer calls and new sales leads, making it easier for our customers to grow. With the majority of leads happening over the phone, often after hours or all at one time during weather anomalies, we are able to ensure that Slingshot converts these leads into customers, scheduling these service calls in real time, to increase both customer satisfaction and sales growth," says Giannetto.
To learn more about ServMan by WorkWave, visit our website.
For nearly 40 years, WorkWave has been building best practices into its market-leading field service and last mile software solutions to allow best-in-class companies to grow their business, service their customers and maximize their money. Its solutions empower service-oriented companies to reach their full potential through scalable, cloud-based software solutions that support every stage of a business life cycle, including marketing, sales, service delivery, customer interaction and financial transactions. WorkWave is a trusted partner for thousands of customers across a wide variety of industries, including pest control, lawn care, cleaning, HVAC, plumbing and electrical, and last mile delivery. WorkWave's award-winning culture and solutions have been recognized in the SaaS Awards, the Cloud Awards, the American Business Awards, the NJBIZ Best Places to Work Awards, and the Stevie Awards for Great Employers. For more information, visit workwave.com.
Media Contact
Brittany Boyle
Director of Strategic Communications, WorkWave
Email: bboyle@workwave.com
Media Contact
Heather Ripley
Ripley PR
(865) 977-1973
hripley@ripleypr.com
View original content to download multimedia:
SOURCE WorkWave | https://www.wibw.com/prnewswire/2022/09/15/workwave-announces-modernization-servman-by-workwave/ | 2022-09-15T15:22:57Z |
Fresh Coldwell Banker data from the Move Meter℠ reveals where Americans are dreaming of moving
MADISON, N.J., July 6, 2022 /PRNewswire/ -- This summer, as Americans enjoy their favorite activities to cool down, dreams of moving are heating up. Fresh data from the Move MeterSM on the refreshed coldwellbanker.com shows trends and insights into where Americans are dreaming of moving, giving sellers an informative, clear picture about the potential of listing their homes. In fact, 82% of all Move Meter℠ searches to date were looking to move out of state.
The Move Meter℠ compares cost of living city by city. It was created by Coldwell Banker Real Estate as part of a suite of industry exclusive tools to allow consumers to dream of home and guide them to their new destination. In addition to the Move Meter, Coldwell Banker has created the ultimate destination for home sellers at coldwellbanker.com, with industry exclusive tools like the CB Estimate℠, which provides a home value estimate, and a remarkable new Seller's Assurance Program.
Americans are on the Move (Meter)
- Going the distance: The average Move Meter℠ search covered 1,015 average miles (about the distance of New York to Miami).
- Chasing Sunshine: While Midwesterners and Northeasterners are looking for warmer temps in the Southeast (38% vs 46%), Southeasterners, Southwesterners and Westerners all had higher likelihoods of staying local to their respective regions.
Americans are dreaming of moving – but where to?
- Southern Charm: Austin, Texas, topped the chart as the most searched destination to move to, and had 46% more searches than the next closest destination. The top locale dreaming about moving to Austin is San Diego, California. So how does the move stack up? According to the Move Meter℠, the move from San Diego to Austin could be a smart move if you value job market strength.
- California Dreamin': 20% of searches from California were looking to stay in the Golden State. The top in-state searches looking to move somewhere else within California were from San Diego, San Francisco and Bakersfield.
- Burnin' Up for Florida: The #1 state topping the Move Meter℠ interest index was Florida with one out of seven of all Move Meter℠ searches looking to move to the Sunshine State.
- Destination Dreams: The top 10 searched cities included Austin; Sarasota, Florida; San Diego; Denver; Nashville, Tennessee; Tampa, Florida; New York; Naples, Florida; Charlotte, North Carolina; and Seattle.
With a network of over 100,000 agents across the globe, Coldwell Banker has affiliated agents in nearly every market in the United States. So, no matter where searchers are looking, a Coldwell Banker affiliated agent can help make the dream come true. Home sellers and buyers can visit coldwellbanker.com to find an agent and prepare for their next move to their dream home using the coldwellbanker.com/movemeter.
CLICK TO TWEET:
QUOTES:
"Our new Move Meter℠ tool provides insights into where American's are looking to make their dream moves. Since 1906, Coldwell Banker has served as the leading innovator in real estate, with agents in nearly every market in the US, we provide the tools and the resources sellers need to help make their dreams come true, wherever their search takes them. If you're looking to make that big move – let our Coldwell Banker agents guide you there."
- M. Ryan Gorman, CEO of Coldwell Banker Real Estate LLC
"Through the new tools on coldwellbanker.com, we're seeing a strong interest and desire in Americans and homeowners to take a leap of faith and relocate to live in their dream destinations this summer. The Coldwell Banker Move Meter℠ provides sellers with the support and tools they need to make those dreams become a reality."
- David Marine, CMO of Coldwell Banker Real Estate LLC
Powered by its network of over 100,000 affiliated sales professionals in approximately 2,200 offices across 40 countries and territories, the Coldwell Banker® organization is a leading provider of full-service residential and commercial real estate brokerage services. The Coldwell Banker brand prides itself on its history of expertise, honesty and an empowering culture of excellence since its beginnings in 1906. Coldwell Banker Real Estate is committed to providing its network of sales professionals with the tools and insights needed to excel in today's marketplace and is known for its bold leadership and dedication to driving the industry forward. The brand was named among the 2022 Women's Choice Award® Most Recommended brands for customer experience and overall quality. Blue is bold and the integrity and values of Coldwell Banker give the Gen Blue network an unbeatable edge. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. To join Coldwell Banker Real Estate and unlock the possibilities of Gen Blue®, please visit www.coldwellbanker.com/join.
Anywhere Real Estate Inc. (NYSE: HOUS) is on a mission to empower everyone's next move. Home to some of the most recognized brands in real estate – Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Corcoran®, ERA®, and Sotheby's International Realty® – the AnywhereSM portfolio includes franchise and brokerage operations as well as national title, settlement, and relocation companies and nationally scaled mortgage origination and underwriting joint ventures. Supporting approximately 1.5 million home transactions in 2021, Anywhere is focused on simplifying, digitizing, and integrating the real estate transaction for all consumers, no matter where they may be in their home buying and selling journey. With innovative products and technology, Anywhere fuels the productivity of its approximately 196,200 independent sales agents in the U.S. and approximately 136,400 independent sales agents in 118 other countries and territories. Recognized for eleven consecutive years as one of the World's Most Ethical Companies, Anywhere has also been designated a Great Place to Work four years in a row, named one of LinkedIn's 2022 Top Companies in the U.S., and honored by Forbes as one of the World's Best Employers 2021.
Media Inquiries:
Athena Snow
Coldwell Banker Real Estate LLC
973.407.5590
Athena.Snow@coldwellbanker.com
Kristen Carmen
G&S for Coldwell Banker Real Estate LLC
212.697.2600
kcarmen@gscommunications.com
View original content to download multimedia:
SOURCE Coldwell Banker Real Estate LLC | https://www.kxii.com/prnewswire/2022/07/06/dreaming-places-far-far-away-new-coldwell-banker-data-shows-high-rate-out-of-state-searches/ | 2022-07-06T13:30:50Z |
LEHI, Utah, Aug. 9, 2022 /PRNewswire/ -- PCF Insurance Services (PCF), a top 20 U.S. insurance brokerage firm, announced today its acquisition of A Insurance Agencies based in Syracuse, Kaysville, and Marriott-Slaterville, Utah.
Founded in 1981, A Insurance is a full-service personal lines insurance provider specializing in life, home, auto, and business.
"Our Agency Partners have a strong desire for growth and to preserve their client and community relationships that build their local businesses," said Peter C. Foy, Chairman, Founder, and CEO of PCF Insurance. "A Insurance is an extraordinary agency and genuinely cares about their employees, customers and community, which is what PCF is all about. We're thrilled to welcome the A Insurance team to the PCF family."
A key competitive advantage for PCF Insurance is the powerful combination of Agency Partner autonomy to continue leading their business, now with access to a best-in-class team for shared services and resources to generate significant value for the collective success of all. PCF Insurance selects Agency Partners who believe in the PCF business strategy, possess a proven track record of success, are highly entrepreneurial, and are looking to grow beyond their current watermark.
"PCF has been a breath of fresh air," said Roger Grow, principal and owner of A Insurance since 1995. "They were the only option that allowed our agency to retain our name and company culture, as well as gain access to comprehensive shared services and resources. Growth is inevitable with PCF."
To date in 2022, PCF Insurance has completed or has under letter of intent 66 acquisitions, continuing its industry-leading mergers and acquisitions (M&A) pace.
Terms of the deal were not disclosed.
About A Insurance Agencies
As independent agents, A Insurance Agencies services over 5,000 clients while representing more than 10 different companies selected based on rates, portfolio of products, and responsiveness to claims. Other options create competition that can save money, provide broader coverage, and deliver more value. Learn more at ainsurance.com.
About PCF Insurance Services
A top 20 U.S. broker headquartered in Lehi, Utah, PCF Insurance Services is a leading full-service consultant and insurance brokerage firm offering a broad array of commercial, life and health, employee benefits, and workers' compensation solutions. Propelled by its people, PCF Insurance's agency-centric operating model and entrepreneurial environment support its tremendous growth profile, offering partners alignment through equity ownership, significant leadership incentives, and resources to over 3,100 employees throughout the U.S. Recognized as a top acquirer by The Hales Report, ranked #20 on Business Insurance's 2022 Top 100 Brokers and #13 on Insurance Journal's 2022 Top Property/Casualty Agencies, PCF Insurance is a notable leader in the insurance space. Learn more at pcfins.com.
View original content to download multimedia:
SOURCE PCF Insurance Services | https://www.wibw.com/prnewswire/2022/08/09/pcf-insurance-acquires-utah-based-insurance-agencies/ | 2022-08-09T14:26:23Z |
New Financing to Meet Significant Growth in Global Demand for MolecuLight's i:X® and DX™ Point-of-Care Imaging Devices for the Wound Care Industry
TORONTO, Aug. 11, 2022 /PRNewswire/ - MolecuLight Inc., the leader in point-of-care fluorescence imaging for real-time detection of wounds containing elevated bacterial loads, announced that it has completed a financing with BDC Capital and iGan Ventures. The funds are to support MolecuLight's continued global expansion to meet growing customer demand for its MolecuLight i:X® and DX™ devices. Leonard Kofman and Jody Staggs, Managing Director of SWK Holdings will join MolecuLight's Board of Directors as observers.
"With the continued growth in global demand for our i:X and DX platforms, we are happy to announce this financing from BDC Capital and iGan Ventures, who has been an early investor in MolecuLight," says Anil Amlani, CEO of MolecuLight Inc. "The proceeds will support the continued growth of our commercial operations and infrastructure to meet market demand".
"We have invested in MolecuLight since inception and are thrilled to see the company achieve global commercial success," says Sam Ifergan, Founder and President of iGan Partners. "Their customers continue to generate a wealth of published data showing the improved outcomes and cost savings, which is supporting MolecuLight becoming the standard-of-care in wound care globally".
"BDC is proud to participate in the financing of MolecuLight, an impressive Canadian company that is making a global impact in terms of improving healthcare outcomes," says Leonard Kofman, Partner with BDC Capital's Intellectual Property-Backed Financing practice. "MolecuLight solved an unmet clinical need – the need to detect bacterial burden in wounds, and has commercialized a suite of products that is positively impacting wound care globally. Demand for the technology is strong and growing and we believe the company is well positioned for continued growth and success".
The MolecuLight devices are sold in North America through its direct sales and clinical applications team and internationally through MolecuLight's 15 specialized distributors in 18 countries.
MolecuLight Inc. is a privately-owned medical imaging company that has developed and is commercializing its proprietary fluorescent imaging platform technology in multiple clinical markets. MolecuLight's suite of commercial devices, which include the MolecuLight i:X® and DX™ fluorescence imaging systems and their accessories, are point-of-care handheld imaging devices for the real-time detection and localization of bacterial load in wounds and digital wound measurement. MolecuLight procedures performed in the United States benefit from an available reimbursement pathway which include two CPT® codes for physician work to perform "fluorescence imaging for bacterial presence, location, and load" and facility payment for Hospital Outpatient Department (HOPD) and Ambulatory Surgical Center (ASC) settings through an Ambulatory Payment Classification (APC) assignment. The company is also commercializing its unique fluorescence imaging platform technology for other global markets with relevant unmet needs in food safety, consumer cosmetics and other key industrial markets.
Tungsten Advisors served as the exclusive financial advisor to MolecuLight Inc.
BDC Capital is the investment arm of BDC, Canada's bank for entrepreneurs. With over $3 billion under management, BDC Capital serves as a strategic partner to the country's most innovative firms. It offers a full spectrum of capital, from seed investments to transition capital, supporting Canadian entrepreneurs who wish to scale their businesses into global champions. Visit bdc.ca/capital.
Based in Toronto, iGan Partners is Canada's leading health technology investors focused on disrupting the sector through breakthrough innovation that dramatically improve patent are while reducing costs. The firm focuses on identifying at an early-stage, then commercializing and scaling technological advancements in AI/Cloud-enhanced medical devices and digital health. iGan provides portfolio companies with smart-capital, active support, and access to a network of industry partners and sector-specific co-investors to help them grow and succeed.
Tungsten Advisors (www.tungstenadv.com) is an investment banking firm focused on strategic advisory and corporate finance for healthcare and technology companies. Tungsten provides transactional services including financings (private placements/PIPEs), corporate licensing and mergers and acquisitions (M&A). Tungsten also focuses on company incubation and makes direct investments alongside the creation of new companies in healthcare and technology.
Securities offered through Finalis Securities LLC Member FINRA/SIPC. Tungsten Partners LLC d/b/a Tungsten Advisors and Finalis Securities LLC are separate, unaffiliated entities.
View original content to download multimedia:
SOURCE MolecuLight | https://www.kxii.com/prnewswire/2022/08/11/moleculight-secures-financing-bdc-canada-igan-partners-support-its-commercial-expansion/ | 2022-08-11T10:41:18Z |
Vaccine advisers to the US Centers for Disease Control and Prevention voted 12-0 Tuesday to recommend Novavax's Covid-19 vaccine for use as a two-dose primary series in adults.
The CDC's Advisory Committee on Immunization Practices convened to discuss coverage of Covid-19 vaccines in the United States in general, as well as available data and evidence on the use of Novavax's vaccine in adults.
Next, CDC Director Dr. Rochelle Walensky will consider the recommendation and decide whether to sign off. If she approves, shots can be given.
Earlier this month, the US Food and Drug Administration authorized Novavax's Covid-19 vaccine for emergency use in adults. It is the fourth coronavirus vaccine available in the United States, and it uses a different type of vaccine technology than the other shots.
Novavax's vaccine is made using small laboratory-built pieces of the coronavirus to stimulate immunity. Overall, the vaccine relies on recombinant nanoparticle technology and Novavax's adjuvant, called Matrix-M, to stimulate an immune response and high levels of neutralizing antibodies.
This protein-based approach is a more traditional one for vaccine development than the mRNA vaccines from Pfizer/BioNTech and Moderna.
Protein-based vaccines like Novavax's work by getting the body's immune system to recognize little modified pieces of the virus it's targeting. In this case, that means pieces of the coronavirus spike protein.
When the genetic sequence for the virus that causes Covid-19 was published, scientists around the world quickly identified it as a coronavirus because of the "spike proteins" on its surface. These spikes form large protrusions, giving coronaviruses the appearance of wearing crowns, and "corona" is the Latin word for "crown."
Novavax scientists identified the gene for the spike protein and created a modified version of that gene. The researchers cloned the genes into a baculovirus that infects insects. They then infected moth cells -- specifically, cells from the fall armyworm -- prompting them to produce the coronavirus spike protein. These virus-like nanoparticles were harvested to make Novavax's vaccine.
As of Monday, about two-thirds of the US population, 67%, is fully vaccinated with at least their initial series of Covid-19 vaccine. But less than a third, 32%, of the population has received a booster dose of vaccine.
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/features/health/cdc-advisers-recommend-novavax-covid-19-vaccine-for-adults/article_5eef883f-a97e-5ab4-83db-7c7d4a37c074.html | 2022-07-19T21:09:02Z |
CAMBRIDGE, Mass., July 14, 2022 /PRNewswire/ -- Allos Pharma Inc ("Allos"), a late-stage pharmaceutical company developing therapeutics for neurodevelopmental disorders, announces presentation of "Arbaclofen produces clinically meaningful improvements in individuals with Fragile X" at the 18th NFXF International Fragile X Conference, July 14-17th, 2022. Allos Pharma was founded to translate breakthrough discoveries in neurobiology into innovative drug treatments that improve the lives of patients and families with Fragile X Syndrome, autism, and other disorders of brain development.
Meaningful change thresholds (MCTs) were applied for improvement on three subscales of the Fragile X-specific aberrant behavior checklist (ABCFX), Irritability, Social Avoidance and Socially Unresponsive/Lethargic to assess efficacy in the Phase 3 trial in children, aged 5-11. Clinically meaningful magnitudes of improvement were observed on all three ABCFX subscales for 45% of individuals receiving the high dose of arbaclofen vs 4% of those treated with placebo (P=0.00003), clearly demonstrating the efficacy of arbaclofen in individuals with Fragile X. "These findings comport remarkably well with experiences reported by clinicians involved in the clinical trials, who reported that ~50% of those receiving arbaclofen showed clear and substantial improvements." Says Dr. Elizabeth Berry-Kravis, MD, Rush University Medical Center.
"We are presenting new analyses of the two phase 3 trials for arbaclofen in Fragile X Syndrome. In addition to the efficacy previously reported, statistically significant efficacy was demonstrated using the current FDA standards for within-subject responder analyses. This represents an important milestone in our work with the regulatory agencies to bring arbaclofen to market" says Randy Carpenter, MD, and co-founder of Allos.
"This result supports our hypothesis that arbaclofen correction of core pathophysiology in Fragile X Syndrome arising from dysregulation of neuronal protein synthesis and hyperexcitability will confer broad therapeutic benefit. Combining the new results with the existing literature forms a positive picture of the efficacy of arbaclofen." says Professor Mark Bear and co-founder of Allos.
Headquartered in Cambridge, Massachusetts, Allos Pharma is a late-stage pharmaceutical company developing therapeutics for neurodevelopmental disorders. Our mission is to translate breakthrough discoveries in neurobiology into innovative drug treatments that improve the lives of patients and families with Fragile X Syndrome, autism, and other disorders of brain development. Co-founders Mark Bear and Randy Carpenter previously founded Seaside Therapeutics and advanced arbaclofen through the Phase 3 trials in Fragile X Syndrome. This domain knowledge and expertise will be directly leveraged to advance arbaclofen through NDA approval. For more information visit www.allospharma.com.
Contact:
contact@allospharma.com
View original content:
SOURCE Allos Pharma Inc. | https://www.wibw.com/prnewswire/2022/07/14/allos-pharma-inc-presents-new-positive-data-analyses-18th-nfxf-international-fragile-x-conference/ | 2022-07-14T11:29:57Z |
NEW YORK, Aug. 24, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Coinbase Global, Inc. (NASDAQ: COIN) between April 14, 2021 and July 26, 2022, both dates inclusive (the "Class Period"). If you wish to serve as lead plaintiff, you must move the Court no later than October 3, 2022.
SO WHAT: If you purchased Coinbase securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Coinbase class action, go to https://rosenlegal.com/submit-form/?case_id=8095 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 3, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Coinbase custodially held crypto assets on behalf of its customers, which assets Coinbase knew or recklessly disregarded could qualify as the property of a bankruptcy estate, making those assets potentially subject to bankruptcy proceedings in which Coinbase's customers would be treated as the Company's general unsecured creditors; (2) Coinbase allowed Americans to trade digital assets that Coinbase knew or recklessly disregarded should have been registered as securities with the SEC; (3) the foregoing conduct subjected the Company to a heightened risk of regulatory and governmental scrutiny and enforcement action; and (4) as a result, the Company's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Coinbase class action, go to https://rosenlegal.com/submit-form/?case_id=8095 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
View original content to download multimedia:
SOURCE Rosen Law Firm, P.A. | https://www.kxii.com/prnewswire/2022/08/24/rosen-longstanding-trusted-firm-encourages-coinbase-global-inc-investors-secure-counsel-before-important-deadline-securities-class-action-coin/ | 2022-08-24T21:45:19Z |
LOS ANGELES, June 1, 2022 /PRNewswire/ -- The Law Offices of Frank R. Cruz continues its investigation of GoodRx Holdings, Inc. ("GoodRx" or the "Company") (NASDAQ: GDRX) on behalf of investors concerning the Company's possible violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to participate.
On May 9, 2022, after the market closed, GoodRx announced its first quarter 2022 financial results and withdrew its fiscal 2022 guidance. In its shareholder letter, the Company stated that "a grocery chain had taken actions that impacted acceptance of discounts from most PBMs for a subset of drugs." The Company expects "the grocer issue . . . could have an estimated revenue impact of roughly $30 million [and] will be ongoing without amelioration through Q2." As a result, GoodRx "believe[s] it is unlikely [it] will be able to achieve the FY 2022 guidance" previously provided.
On this news, GoodRx's stock fell $2.78, or 25.9%, to close at $7.97 on May 10, 2022, thereby injuring investors.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased GoodRx securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, 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 to download multimedia:
SOURCE The Law Offices of Frank R. Cruz, Los Angeles | https://www.kxii.com/prnewswire/2022/06/01/law-offices-frank-r-cruz-continues-its-investigation-goodrx-holdings-inc-gdrx-behalf-investors/ | 2022-06-02T00:42:56Z |
Man City stays top with 2-0 win at Burnley in EPL
BURNLEY, England (AP) — Manchester City responds to the challenge laid down by title rival Liverpool by winning 2-0 at Burnley in the English Premier League to stay in first place heading into the seismic meeting of the top two next weekend. Kevin De Bruyne and Ilkay Gundogan score first-half goals at Turf Moor to keep City in a one-point lead over Liverpool with eight games remaining. Liverpool beat Watford by the same scoreline a few hours earlier but City had no problems matching its title rival. De Bruyne rifled a rising effort into the top corner following a lay-off from Raheem Sterling to put City ahead in the fifth minute and the two combined for Gundogan’s 25th-minute goal. | https://localnews8.com/news/2022/04/02/man-city-stays-top-with-2-0-win-at-burnley-in-epl/ | 2022-04-02T19:10:48Z |
Evergy reaches milestone for energy production
TOPEKA, Kan. (WIBW) - Evergy wind farms reached a milestone of 100 million megawatt hours of wind energy production this week.
They said that is enough electricity to power Kauffman Stadium at peak usage for more than 3,300 straight years. Kansas currently ranks number two in the country for wind generation as a percentage of total energy generation.
Evergy currently serves approximately 1.6 million customers throughout Kansas and Missouri. In 2021, the wind energy they generated was equivalent to 56% of their retail customers’ usage.
Wind and solar subscriptions are available to any residential and small business customers who want more of their energy to come from renewable sources. The company also uses other energy sources such as coal, gas, fuel oil, wind, solar, nuclear, biogas, and hydroelectric.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/07/25/evergy-reaches-milestone-energy-production/ | 2022-07-25T17:36:06Z |
What is the best driver?
Every round of golf begins the same way: the golfer stands on the first tee with a driver in hand. Drivers are the longest hitting clubs in a golfer’s bag and make a big impact on the final score. Hitting the ball far off the tee is an advantage, but hitting it straight is equally important. Finding the right driver for your distance and accuracy can change your game.
The technology and materials that manufacture drivers is advanced and often expensive. There is significant science behind the design of drivers — all intended to make it easier for you to find the sweet spot and hit the ball farther and straighter than ever before. For its innovative design that increases forgiveness at impact, the best driver is the Callaway Rogue ST Max Driver.
What to know before you buy a driver
How big of a club head should you use?
The United States Golf Association limits the head size of drivers to 460 cubic centimeters. Drivers with 460-cubic-centimeter heads have the largest sweet spot and are more forgiving, ideal for amateurs. More skilled golfers benefit from a driver head measuring 440 cubic centimeters that maneuvers more liberally at impact.
What shape of club head is best for you?
Most drivers have a round club head. Round heads are less likely to connect with the ground at impact, which increases the golfer’s confidence. Round heads are best for amateur players. Square club heads are still used on some models. They have bigger club faces but are clunky and less aesthetically pleasing.
How fast is your swing?
Every driver has a flex point. This is the spot on the driver shaft that bends from the speed of your swing against the pull of gravity. A lower flex point is closer to the driver head and best for golfers with slow swings that hit the ball high off the tee. A flex point higher up the shaft allows golfers with fast swings to hit lower trajectory drives that stay in the air longer.
What to look for in a quality driver
Material
Titanium club heads with lightweight graphite shafts are the latest trend in drivers. These new materials add distance and forgiveness for all skill levels. There is emerging technology that is replacing titanium with layered carbon but there are few such drivers available.
Shaft length
The right shaft length is important based on your height. The standard shaft is built for people 69-72 inches tall. Anyone who is taller will need to adjust the shaft height by a half-inch for every three inches of additional height, while shorter golfers should reduce the shaft length by a half-inch for every three inches below the standard parameter.
Loft
The trajectory of the club face is important based on your club speed at impact. Lofts run between nine and 12 degrees. Slow swinging golfers with high handicaps should look for a loft of 10 degrees or higher, while fast swingers with low handicaps should use club face lofts under 10 degrees.
How much you can expect to spend on a driver
Inexpensive drivers cost less than $180 and have solid designs but not as many adjustable features. Mid-range-priced drivers run $180-$300 and have the adjustability that many golfers crave from all the major brands. For $300-$600, you’ll get the newest models based on the latest innovations.
Driver FAQ
Why are many drivers expensive?
A. Higher priced drivers have gained in popularity due to advanced technology and design innovation. The materials being used — especially graphite — has increased raw materials cost. And there clearly are enough golfers in the market willing to pay $400-$500 for a driver that manufacturers continue to price them accordingly. There are many options under $300 that still deliver distance and forgiveness, so let your budget be your guide.
What is moment of inertia (MOI)?
A. Moment of inertia is a measurement of the grams per centimeter squared. It measures how much the club head resists twisting. A higher MOI means a driver is more forgiving when contact with the ball is off-center.
What is the best driver to buy?
Top driver
What you need to know: This driver from one of golf’s leading brands combines distance with forgiveness through its innovative design.
What you’ll love: The tungsten speed cartridge is deep in the driver head to increase speed and forgiveness with a high moment of inertia. A titanium unibody stabilizes the club with a low center of gravity, and it launches high with a slight bias toward a draw.
What you should consider: The driver is expensive and can cost more than some full iron sets.
Where to buy: Sold by Callaway Golf, Amazon and Dick’s Sporting Goods
Top driver for the money
What you need to know: This driver has an artificial intelligence designed face for more forgiveness and speed.
What you’ll love: It has a high-strength titanium face for maximum spin control and the triaxial carbon fabric leads to a higher MOI and more forgiveness when you miss the sweet spot. Two Jailbreak bars connect the crown to the sole for extra stability.
What you should consider: Some golfers with faster swings reported needing a heavier shaft to support the large clubhead.
Where to buy: Sold by Callaway Golf, Amazon and Dick’s Sporting Goods
Worth checking out
TaylorMade 2022 Stealth Driver
What you need to know: It utilizes 60 layers of carbon fiber to maximize energy transfer for faster speeds than what older titanium models deliver.
What you’ll love: The carbon twist face is nearly half the weight of a titanium driver. More MOI is gained from deeper weight placement in the head, and the patented Speed Pocket design adds forgiveness.
What you should consider: This driver is expensive and takes time to get accustomed to if you were using titanium previously.
Where to buy: Sold by Amazon and Dick’s Sporting Goods
Want to shop the best products at the best prices? Check out Daily Deals from BestReviews.
Sign up here to receive the BestReviews weekly newsletter for useful advice on new products and noteworthy deals.
Steve Ganger writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.
Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/sports-fitness-br/golf-br/best-driver/ | 2022-06-07T02:53:04Z |
Nokomis Postmaster arrested on charges of battery, DUI
SARASOTA, Fla. (WWSB) - The Postmaster of Nokomis was arrested last Sunday on charges of battery and driving under the influence.
Diana Erickson, 47, was arrested July 17 after officers were dispatched to the Pour Decisions Saloon in Sarasota. A man outside the bar told officers that he had been slapped in the face multiple times by a woman named Diana Erickson. One slap was so hard that the glasses on the victim’s face were knocked to the ground.
The incident was caught on camera and was witnessed by several people. A manager was not there to provide a copy of the tape at the time, but an employee provided a written statement.
investigators learned that Erickson had left the parking lot in a black Audi. Moments after leaving the scene, deputies found Erickson and conducted on a traffic stop in the area of Laurel Rd and Knights Trail . Deputy Cooper advised her of her rights which were read from his agency issued Miranda Warning card .
Erickson acknowledged that she understood her rights as they were explained and agreed to speak with Deputy Cooper. Erickson stated that she went to the bar to meet up with another friend. While there, she got into an argument, but denied that it ever became physical.
She was taken into custody and charged with battery and DUI. She has since bonded out of custody. Her first arraignment will be held Aug. 11.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/07/21/nokomis-postmaster-arrested-charges-battery-dui/ | 2022-07-21T18:42:52Z |
DENVER, May 4, 2022 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced that the Company will participate in the 2022 Goldman Sachs Industrials & Materials Conference in New York, NY, on Wednesday, May 11, 2022.
About Gates Industrial Corporation plc
Gates is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. Gates offers a broad portfolio of products to diverse replacement channel customers, and to original equipment ("first-fit") manufacturers as specified components. Gates participates in many sectors of the industrial and consumer markets. Our products play essential roles in a diverse range of applications across a wide variety of end markets ranging from harsh and hazardous industries such as agriculture, construction, manufacturing and energy, to everyday consumer applications such as printers, power washers, automatic doors and vacuum cleaners and virtually every form of transportation. Our products are sold in 128 countries across our four commercial regions: the Americas; Europe, Middle East & Africa; Greater China; and East Asia & India.
View original content to download multimedia:
SOURCE Gates Industrial Corporation plc | https://www.mysuncoast.com/prnewswire/2022/05/04/gates-industrial-participate-2022-goldman-sachs-industrials-amp-materials-conference/ | 2022-05-04T22:04:54Z |
NEW YORK (AP) — Even when regular workers win their biggest raises in decades, they look minuscule compared with what CEOs are getting.
The typical compensation package for chief executives who run S&P 500 companies soared 17.1% last year, to a median $14.5 million, according to data analyzed for The Associated Press by Equilar.
The gain towers over the 4.4% increase in wages and benefits netted by private-sector workers through 2021, which was the fastest on record going back to 2001. The raises for many rank-and-file workers also failed to keep up with inflation, which reached 7% at the end of last year.
CEO pay took off as stock prices and profits rebounded sharply as the economy roared out of its brief 2020 recession. Because much of a CEO’s compensation is tied to such performance, their pay packages ballooned after years of mostly moderating growth.
In many of the most eye-popping packages, such as Expedia Group’s, valued at $296.2 million and JPMorgan Chase’s $84.4 million, boards gave particularly big grants of stock or stock options to recently appointed CEOs navigating their companies through the pandemic or to established leaders they wanted to convince to hang around.
The CEOs often can’t cash in on such stock or options for years, or possibly ever, unless the company meets performance targets. But companies still must disclose estimates for how much they’re worth. Only about a quarter of the typical pay package for all S&P 500 CEOs last year came as actual cash they could pocket.
Whatever its composition, the chasm in pay between CEOs and the rank-and-file workers they oversee keeps widening. At half the companies in this year’s pay survey, it would take the worker at the middle of the company’s pay scale at least 186 years to make what their CEO did last year. That’s up from 166 a year earlier.
At Walmart, for example, the company said its median associate made $25,335 in compensation last year. That means half its workers made more, and half made less.
That’s up 21% from $20,942 a year earlier and came as the company’s average hourly wage for U.S. associates rose from $14.50 in January 2021 to more than $17 currently. That increase was bigger than the raise CEO Doug McMillon got, on a percentage basis. But his 13.7% raise netted him a total package valued at $25.7 million.
Anger is growing over such an imbalance. Surveys suggest Americans across political parties see CEO pay as too high, and some investors are pushing back.
Workers are trying to organize unions across the country, and the “Great Resignation” has emboldened millions to quit to find better jobs elsewhere. The U.S. government counted more than 4 million quits during April 2021 alone, the first time that happened. The monthly number has since topped 4.5 million twice.
“That is going to add a huge cost to corporate bottom lines, to have these kind of turnover rates,” said Sarah Anderson, director of the global economy project at the progressive Institute for Policy Studies.
“They should be thinking about what kind of message they’re sending to those people, about whether they’re really valued in their jobs,” Anderson said. “When the guy in the corner office is making several hundred if not thousands of times more, that’s sending a really demoralizing message.”
Gains for CEO pay had been slowing in recent years, with the median rise easing from 8.5% in 2017 to 4.1% in 2019. It ticked back up to 5% in 2020, which was a complicated year because the pandemic shut down the economy and profits at many companies tanked.
For 2020, many companies rejiggered the intricate formulas they created to determine their CEOs’ pay. The tweaks made up for losses caused by the pandemic, something many boards said was an extraordinary event outside the CEO’s control.
Then came 2021. Thanks to a reopened economy, super-low interest rates from the Federal Reserve and other factors, stock prices soared and the S&P 500 jumped nearly 27%, setting records through the year. Earnings per share soared roughly 50%.
Throughout the year, CEOs had to navigate snarled supply chains and shortages of chips and other key materials that impacted businesses across industries, said Dan Laddin, a partner at Compensation Advisory Partners, a consulting firm that works with boards.
“All this led to a desire to really reward” executives, said Kelly Malafis, also a partner at Compensation Advisory Partners, “because the financial performance was there, and the view was that management teams were exceptional in navigating the situation and delivering results.”
Last year’s 17.1% leap for median pay of S&P 500 CEOs was the biggest since a 23.9% surge for 2010 compensation packages, according to the data analyzed by Equilar.
Consider Marry Barra, CEO of General Motors. Her industry was particularly hard hit by the shortage of computer chips, which snarled auto production.
Even so, GM’s board highlighted how the company still delivered record earnings before interest, taxes and some other items. The automaker also accelerated development of its electric vehicles. Those are two of the factors that influence Barra’s pay, and her compensation climbed 25.4% to $29.1 million.
“I would hope that the corporation making record profits would recognize that the workers doing the work are the ones generating the revenue,” said Dave Green, a hot metal driver at a GM facility in Bedford, Indiana. “We’re just trying to get by.”
He cited in particular temporary workers making roughly $16 hourly, who have to work years before coming on as full-time employees and don’t get many opportunities for days off in the meantime.
“The new people coming in, their kids are not going to be able to have the opportunities my kids had,” said Green, who has two daughters and started at GM as a summer helper in 1989.
Closer to the top of the rankings for CEO pay last year was JPMorgan Chase’s Jamie Dimon, whose compensation package valued at $84.4 million was the fifth-highest in the AP survey. That was up 166.7% from a year earlier, and most of it came from an award of stock options valued at $52.6 million.
The board said it provided the options because of its desire for Dimon, who is 66, to keep leading the company for significantly more years and a “unique inflection point in Mr. Dimon’s tenure.” It also said the options weren’t a part of his regular annual compensation and that he must wait at least five years to begin exercising them.
Even so, only 31% of investors at JPMorgan Chase’s annual meeting of shareholders recently gave a thumbs up on Dimon’s pay package. The vote is only advisory, though, and doesn’t force the company to make changes.
Last year, a median of 92.6% of shareholders approved what’s called their “Say On Pay” vote in the AP’s survey. That was down just a bit from 93.4% the year before.
The AP’s and Equilar’s compensation study included pay data for 340 CEOs at S&P 500 companies who have served at least two fiscal years at their companies, which filed proxy statements between Jan. 1 and April 30. Some high-profile CEOs are not included because they don’t fit the criteria, such as Amazon’s Andy Jassy and Twitter’s Parag Agrawal. The survey does not count changes in the value of CEOs’ pension benefits and some other items in its totals for compensation.
___
AP Business Writers Matt Ott, Tom Krisher, Anne D’Innocenzio, Michael Liedtke and Ken Sweet contributed. | https://cw33.com/technology/ap-technology/ceo-pay-up-17-as-profits-stocks-soar-workers-fall-behind/ | 2022-05-26T16:37:30Z |
A series of contested state and local races will be on the ballot Tuesday as Central Texas voters head to the polls.
On Tuesday, Central Texas voters in both political parties will make their voices heard in the state’s primary runoff election. The results of Tuesday’s election will decide what candidates will appear in the November general election.
Bell County will have 42 polling locations on Election Day, which will be open from 7 a.m. to 7 p.m.
Voters in the county can choose to vote at any of the polling locations, regardless of where they live. Election officials said voters will need to show a valid form of photo identification when voting.
The seven forms of photo identification approved in Texas are a state driver’s license, a Texas election ID certificate, a Texas handgun license, a U.S. citizenship certificate with a photo, a U.S. military ID card with a photo, a Texas personal ID card and a U.S. passport.
Shay Luedeke, interim elections administrator for the county, said those who did vote in the primary election would be limited in the runoff.
“Any registered voter can vote in the runoff,” Luedeke said. “If they voted in the primary, they must vote for the same party they voted for in the March 1, 2022, primary election.”
State Senate
Voters in Bell County mainly will get to vote in state-level runoff elections, with only Republicans choosing between two state Senate candidates.
Republican voters will need to decide between Raul Reyes and Pete Flores for State Senate District 24 to replace Dawn Buckingham, who is running for another office.
Both runoff candidates previously lived in Senate District 19, before they were moved into District 24 during the 2021 redistricting.
Flores, who previously served on the state Senate for District 19, already has received the endorsements of many Republicans, including Buckingham and former President Donald Trump.
Flores’s opponent is Reyes, a former Air Force lieutenant colonel who served for 22 years before starting his own home building business.
The winner of the contested race will go on to face Democrat Kathy Jones-Hospod in the Nov. 8 general election.
Other races
Both Democrats and Republicans in Bell County will have a selection of important contested races on their ballot, in addition to the state Senate race.
Democrats will have a contested race for lieutenant governor, with candidate Mike Collier competing against Michelle Beckley. The race’s winner will go on to face Lt. Gov. Dan Patrick.
The two parties have contested races for both the Texas Attorney General election and the Texas General Land Office election.
For attorney general, Republicans will choose between incumbent Ken Paxton and challenger George P. Bush. Democrats will decide between Rochelle Garza and Joe Jaworski.
In the Texas General Land Office race, Republicans Dawn Buckingham and Tim Westley will compete for their party’s vote. Democrats Sandragrace Martinez and Jay Kleberg will similarly face off.
Democrats Janet T. Dudding and Angel Luis Vega will face each other for their party’s nomination to become the Comptroller of Public Accounts. The winner of the contested race will go on to face Republican incumbent Glenn Hegar.
Lastly, Republican voters in Bell County will decide between incumbent Wayne Christian and challenger Sarah Stogner for railroad commissioner. That race’s winner will face Democrat Luke Warford in the November election. | https://www.tdtnews.com/news/central_texas_news/article_5d4129aa-da51-11ec-bc9a-737bc4dde0da.html | 2022-05-23T05:54:57Z |
Salaries are rising – and a mother's economic value increased 9.2% in the last year
FOSTER CITY, Calif., May 4, 2022 /PRNewswire/ -- Insure.com, a comprehensive source for insurance information, releases its 12th annual Mother's Day Index showing that the work many moms typically perform for their households could justify an income of more than $126,725. That's an increase of 9.2% over findings last year, the first time the index topped six figures.
Find the annual report: Mother's Day Index 2022
"Mothers do a lot more than they're given credit for, and we created this index to highlight that," says Insure.com Managing Editor Nupur Gambhir, who oversaw this year's Mother's Day Index. "The work they do equates to a salary that tops six figures. We hope that by showcasing all the indispensable work mothers do, there will be more advocacy for them at home and in the workplace."
Insure.com compiles its Mother's Day Index annually. The editorial team assigns a value to all the home management jobs primary caregivers typically perform, such as cooking dinner and helping with homework. The editors match those tasks to real-world job titles and calculate a salary based on the most recent wage information from the Bureau of Labor Statistics (BLS).
For many mothers, the work they do includes balancing a family with a full-time job — doing two jobs but only financially compensated for one.
Moms spend time baking, cleaning, cooking, and teaching – occupations that saw, in many cases, significant wage increases from last year.
- Bakers: 6% salary increase
- Cooks: 7% salary increase
- Maids and housekeeping cleaners: 14% salary increase
- Teachers: 19%
Some moms, such as those caring for children with special needs, do even more. One study found that mothers of children with disabilities need to spend an additional three hours a week on childcare and housework that other parents don't.
"Considering all the work that mothers do, they're irreplaceable," Gambhir says. "However, it is always vital to have financial safeguards in place in case a caretaker passes away. Whether it be household chores, medical care, or income, it's important to plan for any financial loss by securing a life insurance policy before it is too late."
Gambhir is available to comment on this year's Mother's Day Index calculations and answer questions about life insurance options.
Methodology
"Mom's economic value" is based on occupational wages from the Bureau of Labor Statistics and does not include a salary from work outside the home. It is calculated using a list of common household tasks that mothers often perform.
About Insure.com
Insure.com is owned and operated by QuinStreet, Inc. (Nasdaq: QNST), a pioneer in delivering online marketplace solutions to match searchers with brands in digital media. QuinStreet is committed to providing consumers and businesses with the information and tools they need to research, find and select the products and brands that meet their needs. Insure.com is a member of the company's expert research and publishing division.
For 35 years, Insure.com has served as a comprehensive consumer resource for insurance information, offering expert advice, articles, news, and tools about car, home, health, and life insurance. Consumers have access to free car insurance quotes and guidance on finding the right insurance policy, saving money and solving claims problems.
Twitter: @InsureCom
Facebook: https://www.facebook.com/Insure
Media contact:
Charlene Arsenault
Public Relations Associate
carsenault@quinstreet.com
+1 650-578-6845
LinkedIn
View original content to download multimedia:
SOURCE Insure.com | https://www.mysuncoast.com/prnewswire/2022/05/04/insurecoms-2022-mothers-day-index-moms-role-soars-126725/ | 2022-05-04T16:46:19Z |
WASHINGTON, July 15, 2022 /PRNewswire/ -- In addition to over 200,000 comments opposing the Food and Drug Administration's (FDA) proposed ban on menthol cigarettes, flavored cigars and vapes, Menthol Is Not A Crime has uncovered a grassroots movement opposing the ban, ranging from clergy to law enforcement to farmers to small business owners to everyday current and former smokers. This mounting group of community leaders is growing and becoming increasingly active across the U.S.
Clergy With A Candle, a civil rights organization highlighting inequities in American society, is traveling to Washington, D.C. this month to meet with Georgia's federal lawmakers to outline how misguided the ban is and its historic implications including redlining, stop-and-frisk, and mandatory minimums.
"... 85% of Black and Brown smokers favor menthol cigarettes and a ban targeting this kind of cigarette will potentially create an illegal underground market that disproportionately places Black and Brown Americans in the crosshairs of the criminal justice system," said Rev. Shanan Jones, President of Concerned Black Clergy of Metropolitan Atlanta.
Last month, the National Black Farmers Association held a Fish Fry in Rocky Mount, North Carolina, candidate for Congress, Sandy Smith spoke to over 55 local farmers stating that the ban is, "targeting our Black Community and it's wrong…. We have bigger fish to fry."
Francis Armstrong, owner of Blue Riding Tobacco, which has seven stores and employs 39 people, the majority of whom are Black, stated that, "...70% of our sales are from tobacco products and accessories… If the regulations were to go into effect, I estimate that we will lose 80% of the sales," and "..we will be forced to shut doors and send our employees to the unemployment line."
The growing dissatisfaction only increases in the law enforcement community that is extremely concerned with how this ban will be implemented.
Corey Pegues, a retired NYPD Deputy Inspector, in speaking about crack and cocaine during the War on Drugs voiced his concern stating, " the Black and Brown community is still dealing with people in jails and families disbanded… Police officers will use the menthol ban to start engaging men and women," as a tool of enforcing other crimes.
Only through joining the growing coalition opposing the ban, can we fight for our community. The public has until August 2 to submit a written comment via the FDA website at https://www.regulations.gov/commenton/FDA-2021-N-1349-0001.
View original content:
SOURCE Menthol Is Not A Crime | https://www.wibw.com/prnewswire/2022/07/15/fda-hot-water-with-community-groups-swing-states/ | 2022-07-15T15:06:03Z |
PITTSBURGH, May 18, 2022 /PRNewswire/ -- "I'm a truck driver and classroom trainer for new drivers. The biggest fear I see for new drivers is reversing. I thought there could be an easier and less nerve-wracking way for inexperienced and experienced drivers to see their right-side blind spot when reversing," said an inventor, from Milton, Ga., "so I invented the SOLO PILOT. My design would help all truck drivers perform their job with more safety and precision and without the hassle of getting out of the cab to check the blind spot."
The invention provides a safe and convenient way to view the right-side blind spot and rear when reversing a tractor-trailer. In doing so, it enhances safety while eliminating guesswork. As a result, it helps to prevent accidents and unnecessary damage and it saves time and effort. The invention features a portable and weatherproof design that is easy to apply and use so it is ideal for trucking companies and truck drivers. Additionally, it is producible in design variations.
The original design was submitted to the Atlanta sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-ALL-2795, 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.wibw.com/prnewswire/2022/05/18/inventhelp-inventor-develops-safety-accessory-semi-trucks-all-2795/ | 2022-05-18T15:40:45Z |
Texas 10 Most Wanted fugitive captured in Bryan Co.
Published: Jul. 25, 2022 at 4:50 PM CDT|Updated: 17 minutes ago
BRYAN COUNTY, Okla. (KXII) - One of the 10 most wanted fugitives in Texas was arrested in Bryan County.
On Monday, Bryan County Sheriff Johnny Christian said John Havener, 52, was placed into custody.
The Texas Department of Public Safety issued an alert for Havener earlier in July. He was wanted for aggravated assault against a public servant, parole violation, possession of controlled substance, along with other charges.
Havener was known to have ties to Abilene and Sherman.
He was considered armed and dangerous at the time of his escape.
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/07/25/texas-10-most-wanted-fugitive-captured-bryan-co/ | 2022-07-25T22:08:56Z |
WAIKIKI, Hawaii, June 8, 2022 /PRNewswire/ -- The Legionnaires' disease lawyers at the Pritzker Hageman law firm have been hired to represent several clients who were sickened after staying at the Hilton Grand Islander.
Our clients traveled to Waikiki to stay at the Hilton Grand Islander from states including Iowa and Texas. While staying at the hotel, our clients all contracted Legionnaires' disease.
Pritzker Hageman attorney Alicia Brenhaug says, "No one expects to contract a potentially deadly disease while on a beautiful tropical vacation. The Hilton Grand Islander could have taken simple steps to prevent the proliferation of the bacteria in their water system, yet visitors continued to fall ill month after month."
The Hawaiʻi Department of Health (DOH) is investigating a Legionnaires' disease outbreak that sickened five non-residents who stayed at the Hilton Grand Islander in April 2022, March 2022, and June 2021.
Common symptoms of Legionnaires' disease include:
- Cough
- Shortness of breath
- Fever
- Muscle aches
- Headache
The DOH recommends the following actions for anyone who develops symptoms of Legionnaires' disease after staying at the hotel:
- Seek medical attention
- Report your illness to the DOH's Disease Outbreak and Control Division's disease reporting line by phone at (808) 586-4586
- Get tested for COVID-19
Legionella bacteria grow best in poorly sanitized water, which makes hotel sink, shower, and pool water systems a common setting for outbreaks; a danger hotel operators should be well aware of.
An effective water management plan that is properly followed is the industry standard for preventing Legionnaires' disease outbreaks. When building and pool operators fail to regularly monitor and clean their water, it leads to devastating illnesses. Negligent building and pool operators need to be held accountable for failing to keep their water supply systems free of Legionella bacteria.
Pritzker Hageman is one of the few law firms in the country with experience representing clients in Legionnaires' disease lawsuits.
If you or a loved one was diagnosed with Legionnaires' disease after staying at the Hilton Grand Islander, it is important to talk to an experienced lawyer right away because laws called "statutes of limitations" may limit the amount of time you have to file a claim.
Eric Hageman
1-888-377-8900
eric@pritzkerlaw.com
Alicia Brenhaug
1-888-377-8900
alicia@pritzkerlaw.com
View original content:
SOURCE Pritzker Hageman, P.A. | https://www.wibw.com/prnewswire/2022/06/08/legionnaires-disease-lawyers-pritzker-hageman-law-firm-hired-by-clients-sickened-after-staying-hilton-grand-islander-waikiki/ | 2022-06-08T20:46:12Z |
HONG KONG, Sept. 6, 2022 /PRNewswire/ -- The Institute of ESG & Benchmark (IESGB) held the inaugural awards ceremony of the Environmental, Social, and Governance (ESG) Achievement Awards 2021/2022 in Hong Kong on 30 August. Fosun International was awarded the "ESG Benchmark Awards – The ESG Leader" Silver Award in recognition of its efforts and outstanding performances in the environmental protection, social responsibility, and corporate governance aspects.
With strong support of HSIL as the Major Sponsor, the Awards are in recognition of the enterprises with outstanding ESG performance
The ESG Achievement Awards is organized by the Institute of ESG & Benchmark (IESGB), a non-profit taking organization, with the strong support of Hang Seng Indexes Company Limited (HSIL) as the Major Sponsor. With the theme "Pursuit of the ESG E.R.A-Evolution, Resilience, Action", this year, the ESG Achievement Awards aims at highlighting excellence among high-achieving companies who are blazing a trail for others to follow in the realm of ESG development and to provide innovative ESG solutions for companies and societies at large to take inspirations from when developing their own ESG action plans.
With Hang Seng Indexes Company Limited (HSIL) being the Major Sponsor and Hong Kong Quality Assurance Agency (HKQAA) as the ESG Data Provider cum Supporting Organization, the jury panel was able to evaluate participating organizations comprehensively and fairly.
Mr Joseph Chan Ho-lim, JP, Under Secretary for Financial Services & the Treasury, The Government of Hong Kong SAR, joined the award presentation ceremony as a guest of honor. Mr Joseph Chan Ho-lim, JP, states, "Hong Kong's status as Asia's leading international financial centre, ranked 3rd in the world and 1st in Asia under the Global Financial Centres Index, has well-positioned the city to be the green and sustainable finance hub, raising green and sustainable capital and products in the region. The volume of green and sustainable bonds in Hong Kong last year accounts for one-third of the Asian green and sustainable bond market. And we will continue to work closely with the industry and stakeholders to embrace ESG."
"It is delighted to see more organisations investing in ESG development and continuing to improve their contributions to the sustainable development of the planet. The Awards are recognized to all the winners for their strong determination. We believe that the ESG performance of an organisation is closely related to its profitability. Organisations with good ESG performance are usually more competitive compared with similar organisations in the industry. " said Mr Paul Pong, Co-Founder of IESGB.
Fosun's ESG has been recognized by global professional institutions
Fosun's outstanding performance in ESG has been recognized by global professional institutions. Fosun International's MSCI ESG rating was AA, making it the only conglomerate in Greater China with a MSCI ESG rating of AA, besides, being selected as a constituent of the MSCI CHINA ESG LEADERS 10-40 Index; its Hang Seng Sustainability Rating was A, and it was selected as a constituent of the Hang Seng Corporate Sustainability Benchmark Index (HSSUSB) and Hang Seng ESG 50 Index. Fosun International's FTSE Russell ESG rating has improved for two consecutive years, and it became a constituent of the FTSE4Good Index Series for the first time.
While developing its businesses, Fosun emphasizes the use of ESG criteria to assess its own sustainable development capability and level. As a participant of the United Nations Global Compact (UNGC), Fosun has been actively engaging its member companies in the implementation of ESG strategies. On the environmental front, Fosun has made a commitment to the society to "achieve carbon emission peak by 2028 and carbon neutrality by 2050", and is making steady progress towards these targets.
Moreover, Fosun continued to make unremitting efforts on social welfare. The Group and its member companies carried out public welfare projects such as supporting the combat against the pandemic, assisting in the fight against malaria in Africa, disaster relief, Rural Doctors program, fostering education, culture promotion, and entrepreneurial support to actively promote community development and help people's livelihood and improve social well-being.
Looking globally, since the COVD-19 outbroke in early 2020, Fosun has immediately initiated the global deployment of medical supplies to provide strong support for China and overseas to fight against the pandemic. In addition to the urgent deployment of protective materials to assist countries and regions affected by the pandemic, Fosun also partnered with BioNTech, a German biotechnology company, to jointly develop the mRNA COVID-19 vaccine (COMIRNATY®), providing a strong support for defeating the pandemic. In addition, Fosun has participated in the joint construction of a "malaria-free world" for more than 15 years. Among the first Chinese pharmaceutical brands well recognized in Africa, Artesun® (artesunate for injection), self-developed and manufactured by Fosun Pharma, has been used to treat over 48 million severe malaria patients worldwide by the end of 2021.
This year, Fosun enters into the 30 years of establishment. Fosun has been dedicated itself with the values of "Self-improvement, Teamwork, Performance, and Contribution to Society" raised when Fosun established 30 years ago. It has developed into a global innovation-driven consumer group, strengthening its presence in four business segments, namely Health, Happiness, Wealth and Intelligent Manufacturing and is committed to creating happier lives for families worldwide. Looking ahead, with the concept of "Sharing Happiness", Fosun will join hands with customers, partners, investors and all parties in the society to create a happy ecosystem and share happiness and value of Fosun.
About Fosun
Founded in 1992, Fosun is a global innovation-driven consumer group dedicated to providing high-quality products and services for families around the world in Health, Happiness, Wealth, and Intelligent Manufacturing segments. In 2007, Fosun International Limited was listed on the main board of the Hong Kong Stock Exchange (stock code: 00656.HK). As of 30 June 2022, Fosun International's total assets amounted to RMB849.7 billion. Fosun International ranks No.589 on the 2022 Forbes Global 2000 List, with a MSCI ESG rating of AA.
View original content:
SOURCE Fosun | https://www.mysuncoast.com/prnewswire/2022/09/06/fosun-international-has-been-awarded-esg-benchmark-awards-esg-leader-award/ | 2022-09-06T05:20:26Z |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.