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Parents of boy, 2, found alone at parade shooting among dead
(AP) - Aiden McCarthy’s photo was shared across Chicago-area social media groups in the hours after the July 4 parade shooting in Highland Park, accompanied by pleas to help identify the 2-year-old who had been found at the scene bloodied and alone and to reunite him with his family.
On Tuesday, friends and authorities confirmed that the boy’s parents, Kevin McCarthy, 37, and Irina McCarthy, 35, were among seven people killed in the tragedy.
“At two years old, Aiden is left in the unthinkable position; to grow up without his parents,” wrote Irina Colon on a GoFundMe account she created for the family and Aiden, who was reunited with his grandparents Monday evening.
Friends of the McCarthys said Irina’s parents would care for the boy going forward.
Four of other others who were killed were identified Tuesday as Katherine Goldstein, 64; Jacquelyn Sundheim, 63; Stephen Straus, 88; and Nicolas Toledo-Zaragoza, 78. Every victim was from Highland Park except for Toledo-Zaragoza, who was visiting family in the city from Morelos, Mexico.
Officials haven’t yet identified the seventh victim.
Portraits of some of those who died began to emerge Tuesday as investigators continued to search for evidence in the shooting that killed at least seven and wounded 30.
Irina McCarthy’s childhood friend, Angela Vella, described McCarthy as fun, personable and “somewhat of a tomboy” who still liked to dress up nicely.
“She definitely had her own style, which I always admired,” Vella said in a short interview.
Straus, a Chicago financial adviser, was one of the first observers at the parade and attended it every year, his grandchildren said.
Brothers Maxwell and Tobias Straus described their grandfather as a kind and active man who loved walking, biking and attending community events.
“The way he lived life, you’d think he was still middle-aged,” Maxwell Straus said in an interview.
The two brothers recalled Sunday night dinners with their grandparents as a favorite tradition. They said they ate with him the night before he was killed.
“America’s gun culture is killing grandparents,” said Maxwell Straus. “It’s very just terrible.”
Sundheim, meanwhile, was regaled as a lifelong congregant and “beloved” staff member at North Shore Congregation Israel, where she had worked for decades, the Reform synagogue said on its website. Sundheim taught at the synagogue’s preschool and coordinated events including bar and bat mitzvah ceremonies.
“Jacki’s work, kindness and warmth touched us all,” synagogue leaders wrote in a message on their website. “There are no words sufficient to express the depth of our grief for Jacki’s death and sympathy for her family and loved ones.”
Toledo-Zaragoza was killed on what his 23-year-old granddaughter, Xochil Toledo, said was supposed to be a “fun family day” that “turned into a horrific nightmare for us all.”
On a GoFundMe page to raise money for Toledo’s funeral expenses, Xochil Toledo said her grandfather was a “loving man, creative, adventurous and funny.”
“As a family we are broken, numb,” she said.
Toledo-Zaragoza had come to Illinois to visit his family about two months ago, according to the Chicago Sun-Times. His family wanted him to stay permanently because of injuries he had suffered after being hit by a car a couple years ago during an earlier visit to Highland Park. The newspaper reported that he was hit by three bullets Monday and died at the scene.
He wasn’t sure he wanted to attend the parade because of the large crowds and his limited mobility, which required him to use a walker, but Xochil Toledo said the family didn’t want to leave him alone.
___
Schulte reported from Omaha, Nebraska. Savage reported from Chicago. Venhuizen reported from Madison, Wisconsin.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/07/05/parents-boy-2-found-alone-parade-shooting-among-dead/ | 2022-07-05T23:58:28Z |
Twins’ Buxton leaves game with knee issue, to get MRI
BOSTON (AP) — Twins star Byron Buxton left Minnesota’s 8-4 win over the Boston Red Sox with a right knee injury and will get an MRI. The Platinum Glove-winning center fielder slid late into second base for a double after Boston misplayed his popup in the first inning. His left leg appeared to get caught underneath him while his right foot slammed into the bag. He slammed a hand into the dirt and was immediately pulled. He walked off under his own power. The 28-year-old has been among the game’s best players in recent years when healthy. Unfortunately for the Twins, that’s rarely been the case. | https://localnews8.com/sports/ap-national-sports/2022/04/15/twins-buxton-leaves-game-with-knee-issue-to-get-mri/ | 2022-04-16T01:20:14Z |
Architecture students at Cal Poly State University build with donated redwood lumber
SANTA ROSA, Calif., May 31, 2022 /PRNewswire/ -- Humboldt Sawmill has once again sponsored the Design Build course at Cal Poly State University in San Luis Obispo, California. Instructed by Professor Dale Clifford in the College of Architecture and Environmental Design, the course offers students valuable hands-on experience.
"Often students in the class have no previous construction experience. Coming to design consensus and building something at full-scale builds competence and confidence in each student. Students and faculty learn conflict resolution, empathy, and that they can accomplish more together than individually," states Professor Clifford.
Humboldt Sawmill donated redwood dimensional lumber for the primary course project, a prototype outdoor classroom that will be exhibited on-campus and later donated to a local elementary school.
Previously, Humboldt Sawmill donated redwood to the Poly Canyon and Camp Natoma student-led projects in the Design Build course instructed by Professor Clifford, as well as for Cal Poly's entry into the U.S. Department of Energy Solar Decathlon in 2015 led by Professor Sandy Stannard. The "INhouse" featured a redwood shade screen that was both beautiful and functional in helping keep the structure cool.
Incorporating real-world materials, such as redwood, in design-build applications is important for students in architecture, engineering, and construction management.
"Our college considers hands-on construction a valuable part of the learning process that engenders team-building skills and helps prepare students to creatively contribute to the built environment," states Professor Clifford.
The Mendocino Family of Companies include Allweather Wood, Humboldt Redwood Company, Humboldt Sawmill Company, Mendocino Forest Products, Mendocino Redwood Company.
In aggregate Mendocino Companies owns 440,000 acres of Forest Stewardship Council® (FSC® C013133) certificated timberland, constitutes the largest waterborne wood treater in the Western USA, and is the largest producer of redwood lumber in the world. Collectively providing 900 employees and their families with excellent wages and benefits in rural communities of the Western USA. Additionally, Mendocino Companies owns and operates a 25-megaWatt biomass Cogen plant and largest wood pellet plant in California.
For more information, please visit www.MendoCo.com.
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SOURCE Humboldt Sawmill Company, LLC | https://www.wibw.com/prnewswire/2022/05/31/humboldt-sawmill-sponsors-design-build-course/ | 2022-05-31T21:33:39Z |
MERRIAM, Kan., Aug. 2, 2022 /PRNewswire/ -- The following is a report of earnings for Seaboard Corporation (NYSE American: SEB), with offices at 9000 West 67th Street, Merriam, Kansas, for the three and six months ended July 2, 2022, and July 3, 2021, in millions of dollars except share and per share amounts (unaudited).
Seaboard Corporation today filed its Quarterly Report on Form 10-Q with the United States Securities and Exchange Commission. Seaboard Corporation has provided access to the Quarterly Report on Form 10-Q on its website at https://www.seaboardcorp.com/investors.
Also, Seaboard Corporation announced today that its Board of Directors has authorized and declared a quarterly cash dividend of $2.25 per share of its common stock. The dividend is payable on August 22, 2022, to stockholders of record at the close of business on August 12, 2022.
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SOURCE Seaboard Corporation | https://www.mysuncoast.com/prnewswire/2022/08/02/report-earnings-dividend-declaration/ | 2022-08-02T21:55:10Z |
SAN FRANCISCO, May 24, 2022 /PRNewswire/ -- Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, today announced that Radial, a bpost group company, a leader in ecommerce technologies and operations, will use Adyen for Platforms to streamline and consolidate their payment offerings to benefit their roster of clients in the US and Canada including health, beauty, apparel, and luxury accessory brands.
"Radial works with some of the world's largest, complex brands to deliver Enterprise-grade ecommerce experiences," said Brian Dammeir, President of North America at Adyen. "Their selection of Adyen shows that Adyen for Platforms can be used to deliver deep payments capabilities for even the most sophisticated use cases. By continuing to focus on bundling all aspects of business into one simple to use platform, including payments powered by Adyen, Radial will create an even better experience for their clients. We're honored to be able to offer the payments piece of that puzzle."
"We are always looking for new ways to improve our offering for enterprise clients," said Dave Roessler, Director of Payments at Radial. "Adyen has helped us integrate with and support more payment types. We've also seen an authorization lift between the move to Adyen and other changes we implemented. By leveraging Adyen's features and integrating them into our product, Radial is able to create an even more holistic offering for our clients. This is just the first step in our partnerships and we are looking forward to working together to improve our customers experience."
Adyen for Platforms offers a global and agile payment solution that enables platform business models to integrate payments into their offering without the added operational complexity or resource constraints. Platforms are able to leverage Adyen's unified commerce solution to expand quickly, manage risk, track results and gather rich customer insights across all touchpoints, from one integration. To learn more about the product, visit here.
About Adyen
Adyen (AMS: ADYEN) is the financial technology platform of choice for leading companies. By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with the likes of Facebook, Uber, H&M, eBay, and Microsoft. The cooperation with Radial as described in this merchant update underlines Adyen's continuous growth with current and new merchants over the years.
About Radial
Radial, Inc., a bpost group company, is the leader in ecommerce solutions. Premier brands around the world confidently partner with Radial to deliver their brand promises, anticipate and respond to industry disruption, and compete in a rapidly evolving market. The company's expansive network of fulfillment centers, flexible transportation services and advanced omnichannel technologies, help clients meet increasing consumer expectations and maintain market competitiveness. And with the company's personal customer care services and intelligent payment and fraud solutions, brands confidently deliver high-value customer experiences required today. Radial is flexible, scalable, and focused on its clients' business objectives. Learn how Radial delivers today's retail at radial.com and follow us on Twitter @radialcorp.
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SOURCE Adyen Inc. | https://www.mysuncoast.com/prnewswire/2022/05/24/radial-selects-adyen-integrate-payments-into-omnichannel-ecommerce-platform-clients-us-canada/ | 2022-05-24T14:23:36Z |
Highlights:
- Ten-year net annualized return of 9.8% leads to $25.9 billion in cumulative net investment gains above Reference Portfolio, indicative of long-term added value through portfolio construction and active management decisions
- Five-year net annualized return of 9.0% leads to $19.7 billion in cumulative net investment gains above Reference Portfolio
- One-year total portfolio net return of 10.9% outperforms Reference Portfolio
- Continued focus on risk management supports agile response to markets in a rapidly evolving global landscape
- Inaugural green bond issuance, first climate strategy and bespoke Green Asset Taxonomy indicate continuing focus on integrating ESG factors into responsible investment decision-making
- Shift to a hybrid workplace poised to attract and retain top talent in a highly competitive environment
MONTRÉAL, June 9, 2022 /PRNewswire/ - The Public Sector Pension Investment Board (PSP Investments) ended its fiscal year on March 31, 2022, with $230.5 billion of net assets under management (AUM) and a 10.9% one-year net portfolio return. Net assets under management grew by nearly $26 billion, up 12.7% from $204.5 billion at the end of the previous fiscal year. Net contributions represented $3.5 billion, while $22.5 billion was generated from net income.
From a long-term investment approach perspective, PSP Investments measures success at the total fund level through the following performance objectives and their related benchmarks:
- Achieve a return – net of expenses– greater than the return of the Reference Portfolio over a 10-year period: During fiscal year 2022, PSP Investments achieved a 10-year net annualized return of 9.8% against the Reference Portfolio benchmark of 8.4%, leading to $25.9 billion in cumulative net investment gains above the Reference Portfolio. This outperformance of 1.4% per annum represents the value added by PSP Investments' strategic asset allocation decisions and active asset management activities.
- Achieve a return – net of expenses – exceeding the Total Fund Benchmark return over 10-year and 5-year periods: During fiscal year 2022, PSP Investments achieved a 10-year net annualized return of 9.8% against the Total Fund Benchmark of 8.6% and a 5-year net annualized return of 9.0% against the Total Fund Benchmark of 7.9%. This represents an outperformance of 1.2% per annum (or $16 billion over 10 years) and 1.1% per annum (or $10.6 billion over 5 years) respectively.
During fiscal year 2022, PSP investments continued to generate strong net income as the markets recovered, translating into a higher AUM of $230.5B at the end of the fiscal year as compared to $204.5B at the end of fiscal year 2021. PSP Investments' increase in operating costs was lower than the average AUM growth of 18.0% and was in line with its strategic and operational priorities including talent retention and total fund performance. Due to a combination of sound cost management and the increase in net AUM, PSP Investments' total cost ratio decreased below our expected average costs and represents the lowest ratio in the last seven fiscal years.
"In the wake of the pandemic, PSP Investments delivered solid, above-benchmark performance," said Neil Cunningham, President and Chief Executive Officer at PSP Investments. "We did so at the same time as raising our climate ambition by developing our first climate strategy and a bespoke green asset taxonomy. These actions enable us to use our capital and influence to support the transition to global net-zero greenhouse gas emissions by 2050."
"Our 10-year and five-year performance indicates the long-term value we add through patient capital, portfolio construction and active investment activities," said Eduard van Gelderen, Senior Vice President and Chief Investment Officer at PSP Investments. "The broad diversification of our portfolio across public and private asset classes, industries, geographies and currencies has been a key factor in helping us reduce risk and improve resilience."
As at March 31, 2022:
Capital Markets, comprised of Public Market Equities and Fixed Income, ended the fiscal year with $99.9 billion of net AUM, an increase of $2.4 billion from the end of fiscal year 2021. The group generated portfolio income of $2.9 billion, for a one-year return of 3.0% versus the benchmark return of 1.3%. The five-year annualized return was 7.4%, compared to the 6.6% benchmark return. Public Market Equities, with a year-end AUM of $59.1 billion, a one year-return of 6.0% and a five-year return of 10.1% (versus 3.3% and 8.8% for the respective benchmark returns), was able to outperform as global equity markets were impacted by the emergence of highly contagious COVID-19 variants. The majority of Public Market Equities' positive relative performance in fiscal year 2022 came from alternative investments, where many investments were well-positioned to take advantage of market dislocations induced by a notable increase in macroeconomic events. Fixed Income ended the fiscal year with a net AUM of $40.7 billion and outperformed its one-year benchmark by 0.2% and its five-year benchmark by 0.1%.
Private Equity ended the fiscal year with net AUM of $35.4 billion, up $3.7 billion from the end of the previous fiscal year, and generated portfolio income of $8.6 billion, resulting in a one-year return of 27.6% versus the benchmark return of 19.5%. The five-year annualized return was 17.6% versus a benchmark of 17.2%. The strong performance highlights the strength and quality of the private equity portfolio, both in co-investments and funds. In addition to a favourable valuation environment, portfolio income has been driven by strong earnings growth and cashflows, particularly in the financials and healthcare sectors. The growth of the portfolio was driven by $6.3 billion in valuation gains and $6.4 billion in acquisitions. During the fiscal year, Private Equity deployed $4.4 billion of capital through funds and $2.0 billion in new co-investments which included supporting growth in existing portfolio companies.
Credit Investments ended the fiscal year with net AUM of $21.9 billion, up by $7.4 billion from the end of the previous fiscal year, and generated portfolio income of $1.2 billion, resulting in a 7.5% one-year return that exceeded the benchmark return of -0.5%. The 7.9% five-year annualized return also beat the 2.6% benchmark return. Record levels of acquisition activity by private equity sponsors led to significant opportunities for Credit Investments across the debt capital spectrum.
Real Estate ended the fiscal year with $31.1 billion in net AUM, up by $4.3 billion from the end of the previous fiscal year, and generated $6.4 billion in portfolio income, resulting in a 24.8% one-year return, versus 30.2% for the benchmark return. The 8.7% five-year return exceeded the 8.0% return for the benchmark. Real Estate focused on deploying into high conviction sectors, resulting in key acquisitions within the industrial, residential, life science and studio sectors.
Infrastructure ended the fiscal year with $23.5 billion in net AUM, a $5.1 billion increase from the end of the previous fiscal year and generated $2.7 billion of portfolio income. The one-year return of 13.9% was below the benchmark return of 16.1%. The five-year annualized return of 10.4% exceeded the 6.4% benchmark return. During the fiscal year, Infrastructure deployed $4.8 billion of capital in direct and co-investments and $1.3 billion through the funds. New investments supported energy-friendly transition across Europe and Oceania by acquiring equity participations in utilities and industrials.
Natural Resources ended the fiscal year with net AUM of $11.6 billion, an increase of $1.9 billion from the end of the previous fiscal year, and generated portfolio income of $1.6 billion, for a one-year return of 15.9%, versus 26.3% for the benchmark return. The 8.5% five-year annualized return beat the benchmark return of 7.6%. The fiscal year was marked by significant valuation gains of $1.3 billion and continued strong deployment of $1.9 billion, mainly in Oceania and the US.
We launched the execution of our new strategic plan, PSP Forward, with the vision to be an insightful global investor and valued partner that is selective across markets and is focused on the long-term. Key accomplishments for fiscal year 2022 include:
- We released our Green Bond Framework and issued a C$1.0 billion 10-year Green Bond to fund projects that demonstrate positive environmental and climate outcomes. PSP Investments' Green Bond Framework is aligned with existing standards in green bond and sustainable debt markets, and was awarded a rating of "Medium Green" and the highest possible governance score of "Excellent" by CICERO Shades of Green.
- We prioritized climate change as an important focus area company-wide during fiscal year 2022 and committed to use our capital and influence to contribute to the transition to global net zero greenhouse gas emissions (GHG) by 2050. By implementing our climate strategy, we expect to reduce our portfolio GHG emissions intensity by 20% to 25% by 2026, from a 2021 baseline. We outlined a clear and straightforward approach for achieving our commitments that include substantial investments in green and transition assets, the latter being those that will require capital and assertive mitigation plans to reduce their carbon intensity along a science-based trajectory. Developed during fiscal year 2022, the climate strategy was launched in April 2022 and is available on our website.
- We continued to enhance our data-driven approach to integrating ESG factors into our investment and asset management processes and practices. We developed an ESG Composite Score that incorporates the standards of the Sustainability Accounting Standards Board and enables our investment teams to integrate ESG information with data-driven insights as we quantitatively assess and monitor a company's ESG performance. We ranked among the founding members of the ESG Data Convergence Project, the first LP-GP partnership aiming to standardize ESG reporting in the private equity industry We also joined the Institutional Limited Partners Association's Diversity in Action Initiative and participated in various other industry collaboration initiatives including the Investor Leadership Network, the Sustainable Action Finance Council and Focusing Capital on the Long Term.
- Our technology and digital strategy remains a key strategy enabler, supporting PSP Investments with scalable systems, organized data and advanced analytics. In fiscal year 2022, we continued to modernize and simplify our technology platforms and data governance to enable efficient global investment operations. We also initiated the build-out of our self-serve analytics capabilities and continued incubating use cases within our advanced analytics framework.
- We took action to respond to the opportunity of reimagining the future of work following the workplace disruptions created by the pandemic. One of the changes we embraced was the shift of employee expectations related to flexibility on where, when and how work gets done. During fiscal year 2022, we developed a principles-based hybrid workforce model to facilitate the transition to a new way of working. We placed a heightened focus on the employee experience, building trust, leading with empathy, managing with accountability, leveraging inclusivity and promoting collaboration and well-being.
- Nurturing an inclusive and respectful work environment has been at the top of our people agenda for many years. We recognize the importance of equity, inclusion and diversity (Ei&D) – a cornerstone of our corporate culture - in attracting and retaining top talent and building high-performing teams. We conducted our second annual employee self-identification survey in fiscal year 2022 to continue to better understand our workforce demographics and measure progress. Spearheaded by our Ei&D Council and its eight affinity groups, we continued to embed Ei&D into our workplace culture and developed a three-year roadmap for delivering on our Ei&D priorities. As a notable example, our Veteran Integration Program celebrated its one-year anniversary and is currently recruiting for the next cohort of participants. Our efforts were recognized with a Canadian HR Award in the category Excellence in Diversity and Inclusion and a ranking as a Montréal Top Employer for a fifth consecutive year.
Other corporate highlights include:
- We are deeply committed to the communities where we operate. During fiscal year 2022, our PSP Gives Back campaign raised close to $500,000 (including PSP Investments' matching donations), which represented a 14% increase over last year. Funds benefited a range of local charities in Montréal, Hong-Kong, London and New York.
- We remain deeply concerned about the humanitarian impact inflicted by Russia's invasion of Ukraine. While PSP Investments does not have material exposure to Russian investments and does not hold any private direct investments in Russia, we have some exposure through passive index replication and external investment manager activities. As stated in our press release, we took immediate steps to divest of our Russian holdings, committing to exit this market completely as soon as conditions permit, and we continue to actively monitor the evolving risks and implications for our portfolio and investment activities. As a special initiative, we partnered with the International Committee of the Red Cross and raised $139,000 over a three-week period through a combination of employee donations and PSP Investments' matching contributions.
- Board succession planning was an important topic in fiscal year 2022. Mr. Garnet Garven and Mr. William Mackinnon fully completed their mandates. PSP Investments thanked them for their years of exceptional service and welcomed the arrival of three new directors – Mr. Gregory Chrispin, Ms. Helen Mallovy Hicks, and Mr. Maurice Tulloch – and the reappointment of Ms. Miranda Hubbs. PSP Investments' Board comprises six women and five men, and during fiscal year 2023, all four of the Board's standing committees will be chaired by women.
- During fiscal year 2022, Ms. Michelle Ostermann joined PSP Investments as Senior Vice President and Global Head of Capital Markets Investments. Mr. Patrick Samson, formerly Senior Managing Director and Global Head of Infrastructure, was appointed Senior Vice President and Global Head of Real Assets.
- During fiscal year 2022, Mr. Neil Cunningham, President and CEO, announced his planned retirement at the end of our next fiscal year, on March 31, 2023. PSP Investments has thrived under Mr. Cunningham's leadership, with important advances on its strategy and presence in international markets, leading to strong financial performance.
"I want to thank PSP Investments' management, employees and Board of Directors for their dedication over the past couple of years; their commitment and resilience have been nothing short of amazing," said Neil Cunningham, President and Chief Executive Officer of PSP Investments. "Despite all challenges and difficulties posed by the pandemic and global affairs, we remained ever mindful of our responsibility to create a better tomorrow for the 900,000 contributors and beneficiaries on whose behalf we invest. While I will be retiring in March 2023, I have confidence in the passion and abilities of my colleagues to ensure PSP Investments' future sustainability and performance."
For more information on PSP Investments' fiscal year 2022 performance, visit our website and download the annual report. In a break from our previous practice, our Responsible Investment Report will be released in the fall of 2022.
The Public Sector Pension Investment Board (PSP Investments) is one of Canada's largest pension investment managers with $230.5 billion of net assets under management as of March 31, 2022. It manages a diversified global portfolio composed of investments in capital markets, private equity, real estate, infrastructure, natural resources and credit investments. Established in 1999, PSP Investments manages and invests amounts transferred to it by the Government of Canada for the pension plans of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong. For more information, visit investpsp.com or follow us on Twitter and LinkedIn.
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SOURCE PSP Investments | https://www.wibw.com/prnewswire/2022/06/09/psp-investments-posts-109-return-fiscal-year-2022-net-assets-under-management-grow-by-127-2305-billion/ | 2022-06-09T16:47:20Z |
LimnTech Scientific's automation of road striping operations will improve quality and
safety.
SOUDERTON, Pa., Aug. 19, 2022 /PRNewswire/ -- LimnTech Scientific recently delivered a LifeMark-100 Automated Layout System to Dan Swayze & Son, Inc. This automation system is mounted on an MRL striping truck used to perform contracted striping in New Jersey.
The first generation LifeMark-75 revolutionized layout, with multiple units in operation across the country. The newest upgrade of the 100 makes it easier to operate and even more accurate. Roads can be laid out at speeds up to 15 mph, a 30-fold decrease in time over manual layout while keeping workers safely in the truck.
LimnTech Scientific's LifeMark Automated Layout System now combines cameras, high accuracy GPS, and real-time artificial intelligence machine learning techniques to complete the recording of roadway striping location and type information in autonomous mode. The system records at traffic speed while prioritizing worker safety. This autonomous operation, led via cameras and software, will reduce the workload on drivers, allowing less experienced operators to add value to the road striping operation quickly. The 100 will control lateral movement of the paint carriages during layout mode.
LimnTech Scientific automation products for road striping equipment are currently in operation across North America, with thousands of roads recorded and laid out quickly from the safety of a state-of-the-art truck. Dozens of automatic layout trucks are in use to keep workers out of harm's way in over 12 states, all while recording road marking locations accurately.
Formed from an idea conceptualized in the hospital room of an injured road worker, LimnTech Scientific's automation of road striping operations is designed to get worker boots off the ground and into the safety of the truck, saving them from both distracted and drunk drivers.
By equipping trucks with LimnTech Scientific's LifeMark Automated Systems, roads can be laid out or re-striped automatically. Robotic automation of dangerous, complex, or tedious tasks allows fewer resources to complete the required infrastructure upgrades.
LimnTech Scientific designs and manufactures automation systems for the roadway marking industry. GPS-based and machine vision systems make jobs safer by removing workers from dangerous environments and are available for most equipment worldwide.
#stripinggenius #robotstriper #automation #autonomous
Visit www.limntech.com for more information.
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SOURCE LimnTech Scientific | https://www.mysuncoast.com/prnewswire/2022/08/19/limntech-scientific-completes-delivery-lifemark-automated-layout-system/ | 2022-08-19T20:39:04Z |
9-year-old dies when tree falls on car during storm
PORTLAND, Maine (WMTW) – A 9-year-old girl died when a tree fell onto the vehicle she was in during a storm in Maine last week.
Hallie Oldham died Thursday when a tree crashed through her family’s car at Sebago Lake Family Campground.
Hallie was a student at Poland Community School, where she was about to enter the fourth grade.
The school is offering grief counseling to fellow students. There is also a memory jar where people can leave their memories of Hallie for her family.
A GoFundMe has been set up to help Hallie’s family pay for funeral costs.
“Hallie Oldham was a beautiful living angel, always has been, always will be,” the page reads. “Her smile, laughter and kindness for all were contagious and will be missed by all.”
Copyright 2022 WMTW via CNN Newsource. All rights reserved. | https://www.mysuncoast.com/2022/07/26/9-year-old-dies-when-tree-falls-car-during-storm/ | 2022-07-26T16:28:54Z |
SAN DIEGO, May 27, 2022 /PRNewswire/ -- MG Properties, a private San Diego-based real estate investor, owner, and operator has acquired the 275-unit Verona Apartments in Henderson. MG Properties owns five other properties in the Las Vegas submarket.
Las Vegas' desirable Henderson submarket is one of the fastest growing cities in the country due to its job growth, award-winning master-planned communities, strong school system and amenities. Relative affordability of Las Vegas when compared to coastal metros has led to expansion by top employers, and the location of Verona Apartments benefits from excellent accessibility to multiple major throughways that connect residents to major job centers throughout the metro.
"Las Vegas continues to be a major beneficiary of the economic recovery, with strong population and employment growth," said Jeff Gleiberman, Managing Director of MG Properties. "we are pleased to add Verona to our regional portfolio and continue to be optimistic about the future prospects for the Las Vegas market."
MG Properties has acquired 11 communities in 2022 so far, totaling over 2,800 units exceeding $990 million in combined value. The company is targeting further acquisitions in Washington, Texas, Oregon, Arizona, California, Colorado, and Nevada.
Seller was represented by Taylor Sims of Cushman and Wakefield. Financing was provided by Brooks Benjamin and Corina Lam from Key Bank Real Estate Capital.
To learn more visit: www.liveveronaapartments.com
ABOUT MG PROPERTIES
MG Properties is a privately owned, fully integrated real estate company specializing in the investment, redevelopment, and management of multi-family assets. Headquartered in San Diego, California, MG was founded in 1992 by Mark Gleiberman with the mission to enrich communities. MG's current portfolio is comprised of over 28,000 rental homes in California, Washington, Arizona, Nevada, Colorado, and Oregon, including 89 communities. For additional information, visit www.mgproperties.com
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SOURCE MG Properties | https://www.kxii.com/prnewswire/2022/05/27/mg-properties-acquires-verona-apartments-henderson-nv/ | 2022-05-27T11:15:29Z |
Satellite Enters Key Launch Configuration Integration Phase
CARLSBAD, Calif., Aug. 4, 2022 /PRNewswire/ -- Viasat Inc. (NASDAQ: VSAT), a global leader in satellite communications, announced today the first ViaSat-3 satellite is now in the mechanical environments build process. The process milestone involves the attachment of the solar arrays, reflectors and other items which will result in the satellite being in its full, launch configuration for the first time.
"Entering the mechanical environments build process is a very significant milestone toward completing the satellite and readying it for flight later this year," said Dave Ryan, president, Space & Commercial Networks at Viasat. "These efforts demonstrate our momentum to ready the satellite for launch."
The ViaSat-3 class of Ka-band satellites is expected to provide the best bandwidth economics in the industry with incredible flexibility to move and concentrate that capacity virtually anywhere there is demand - whether it is over land, the ocean or in the air. The first two satellites are planned to focus on the Americas and on EMEA, respectively. The third ViaSat-3 payload is undergoing final integration and testing and will focus on the Asia Pacific region, completing Viasat's global service coverage.
Forward-Looking Statements
This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward looking statements include among others, statements about the performance, capabilities and anticipated benefits of the ViaSat-3 class satellite platform, expected capacity, service, speeds, coverage, flexibility and other features of the ViaSat-3 constellation, and the timing of hardware delivery and service launch. Readers are cautioned that actual results could differ materially from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: risks associated with the construction, launch and operation of the ViaSat-3 class satellites and Viasat's other satellites, including the effect of any anomaly, operational failure or degradation in satellite performance; the ability to realize the anticipated benefits of the ViaSat-3 satellite platforms; unexpected expenses or delays related to the satellite system; the ability to successfully implement Viasat's business plan for broadband satellite services on Viasat's anticipated timeline or at all, including with respect to the ViaSat-3 satellite platforms; contractual problems, product defects, manufacturing issues or delays; regulatory issues; technologies not being developed according to anticipated schedules, or that do not perform according to expectations; and increased competition and other factors affecting the connectivity sector, generally. In addition, please refer to the risk factors contained in Viasat's SEC filings available at www.sec.gov, including Viasat's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Viasat undertakes no obligation to update or revise any forward-looking statements for any reason.
About Viasat
Viasat is a global communications company that believes everyone and everything in the world can be connected. For over 35 years, Viasat has helped shape how consumers, businesses, governments and militaries around the world communicate. Today, the Company is developing the ultimate global communications network to power high-quality, secure, affordable, fast connections to impact people's lives anywhere they are—on the ground, in the air or at sea. To learn more about Viasat, visit: www.viasat.com, go to Viasat's Corporate Blog, or follow the Company on social media at: Facebook, Instagram, LinkedIn, Twitter or YouTube.
Copyright © 2022 Viasat, Inc. All rights reserved. Viasat, the Viasat logo and the Viasat signal are registered trademarks of Viasat, Inc. All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.
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SOURCE Viasat, Inc. | https://www.wibw.com/prnewswire/2022/08/04/viasat-initiates-mechanical-integration-viasat-3/ | 2022-08-04T13:24:27Z |
Former Idaho lawmaker sentenced to 20 years in prison for rape
Published: Aug. 31, 2022 at 6:59 PM CDT|Updated: 47 minutes ago
BOISE, Idaho (AP) — A former Idaho lawmaker convicted of raping a 19-year-old legislative intern has been sentenced to 20 years in prison for the crime.
Fourth District Judge Michael Reardon sentenced Aaron von Ehlinger on Wednesday, saying he must serve at least eight years before he will be eligible for parole.
The judge said von Ehlinger failed to show empathy or remorse, and that it was clear he was not ready for sex offender treatment.
The Republican from Lewiston resigned from the Idaho House of Representatives last year after an ethics committee recommended that he be banned from the statehouse.
Von Ehlinger has maintained that the sex was consensual.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/08/31/former-idaho-lawmaker-sentenced-20-years-prison-rape/ | 2022-09-01T00:47:03Z |
RICHMOND, Va., April 20, 2022 /PRNewswire/ -- Markel Corporation (NYSE:MKL) announced today it will hold a conference call on Wednesday, April 27, 2022 beginning at 9:30 am (Eastern Time) to discuss quarterly results and business developments.
Investors, analysts and the general public may listen to the call free over the Internet through the Company's website, at www.markel.com in the "For investors" section. A replay of the call also will be available from approximately one hour after the conclusion of the call until Monday, May 9, 2022.
The webcast, the conference call and the content and permitted replays or rebroadcasts thereof are the exclusive copyrighted property of Markel Corporation and may not be copied, taped, rebroadcast, or published in whole or in part without the express written consent of Markel Corporation.
About Markel Corporation
Markel Corporation is a diverse financial holding company serving a variety of niche markets. The Company's principal business markets and underwrites specialty insurance products. In each of the Company's businesses, it seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting and operating profits and superior investment returns to build shareholder value. Visit Markel Corporation on the web at www.markel.com.
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SOURCE Markel Corporation | https://www.wibw.com/prnewswire/2022/04/20/markel-announces-conference-call-date-time/ | 2022-04-20T22:40:36Z |
ATHENS, Ga. and LOS GATOS, Calif., July 21, 2022 /PRNewswire/ -- Blue Lake Biotechnology, Inc., a clinical-stage biotechnology company developing vaccines using a proprietary transformational parainfluenza virus 5 (PIV5)-based vector, today announced the enrollment of the first participant in a Phase 1 clinical trial of their intranasal BLB-201 vaccine for RSV (respiratory syncytial virus) in Charleston, South Carolina. BLB201 is based on an attenuated strain of PIV5 that expresses the F protein of RSV. In preclinical studies, BLB-201, delivered intranasally as a single dose, induces serum antibody and mucosal antibody responses as well as cell-mediated immune responses, and is protective against RSV challenge infection in various animal models. Delivered through the nose without injections, Blue Lake's intranasal vaccines have the potential to facilitate delivery of vaccines to broad populations, including pediatric and needle-hesitant individuals.
"The enrollment of the first participant in this RSV vaccine study is an important milestone for Blue Lake," said Dr. Biao He, founder and CEO. "We now have two clinical stage programs – a COVID-19 vaccine and an RSV vaccine using our intranasal PIV5-vectored vaccine platform, which we expect will confirm the broad utility of our platform."
"An intranasal vaccine against RSV would be a valuable tool to combat RSV infection in both young children and older adults who are most at risk for severe disease from RSV infection," said Dr. Paul Spearman, Director of Infectious Diseases at Cincinnati Children's Hospital Medical Center and principal investigator of the study.
The study is a multi-center, open-label trial being conducted in Cincinnati OH and Charleston SC. It will evaluate the safety, reactogenicity and immunogenicity of a single dose of BLB-201 administered intranasally as a spray to adults in two sequential age cohorts (age 18-59 years and age 60-75 years). Safety data will be collected and analyzed, as will antibody and cellular immune responses to the RSV F protein.
Learn more about the trial at https://www.clinicaltrials.gov/ct2/show/NCT05281263.
BLB-201 is an RSV vaccine candidate that has received Fast Track designation from the Food and Drug Administration for prevention of RSV-associated acute disease in adults (>60 years) and pediatric populations (< 2 years). BLB-201 encodes a full-length RSV F protein and uses a proprietary PIV5 vector which is not known to cause disease in humans, although it has been commonly administered to dogs as part of combination distemper / kennel cough vaccines for decades. Blue Lake Biotechnology and CyanVac LLC are developing BLB-201 as a single dose, intranasal vaccine to prevent acute and severe disease associated with RSV infection. Preclinical studies have demonstrated that BLB-201 is immunogenic and prevents RSV infection in animal challenge studies.
Respiratory syncytial virus (RSV) is a highly contagious and common respiratory virus which is one of the leading causes of acute respiratory disease, infecting more than 64 million people worldwide per year. For most people it causes symptoms similar to the common cold, but for infants, the immunocompromised, people with chronic heart or lung disease, and older adults, it can cause severe illness and even be lifethreatening. Repeat infections with RSV are believed to be common, so even people who contracted RSV when they were younger adults and healthy can be at risk from RSV infection later in life. According to the Centers for Disease Control, approximately 58,000 children under 5 years old and 177,000 adults 65 years and older are hospitalized because of RSV infection in the US with, over 14,000 deaths each year.
At present there is no preventive vaccine or antiviral treatment approved for RSV, so there is a need for a vaccine that can reduce the substantial health and economic burdens of RSV infection in the US and worldwide.
CyanVac LLC and its subsidiary, Blue Lake Biotechnology, Inc., are technology-driven companies developing lifesaving vaccines based on a proprietary PIV5 vaccine platform licensed from the University of Georgia. Our COVID-19 and RSV vaccine programs are in Phase 1 clinical trials. In addition, the companies have early-stage proof of concept vaccine programs targeting norovirus and Lyme disease. CyanVac and Blue Lake Biotechnology are headquartered in Athens, Georgia, with a second site in Los Gatos, California.
Learn more at https://www.bluelakebiotechnology.com.
This press release contains forward-looking statements, including with respect to the clinical development of BLB-201, a prophylactic vaccine to prevent RSV-associated disease, which are subject to a number of risks, uncertainties and assumptions, including, but not limited to the timing and success of clinical trials and potential complications thereof; the ability to obtain and maintain regulatory approval; the labeling for any approved product; the scope, progress and expansion of developing and commercializing a product candidate; the size and growth of the market(s) and the rate and degree of market acceptance thereof visà-vis alternative therapies; the establishment and maintenance of any applicable collaborations; and the ability to achieve business development transactions on favorable terms to the Company, if at all. In light of these risks and uncertainties, the events and circumstances discussed in such forward-looking statements or which are other made by or on behalf of CyanVac and/or Blue Lake Biotechnology may not occur, and CyanVac's and/or Blue Lake Biotechnology's actual results could differ materially and adversely from those anticipated or implied thereby. Factors which may affect CyanVac's and/or Blue Lake Biotechnology's results include, but are not limited to, uncertainties and/or unexpected results related to research and development and clinical testing, the timing, costs and uncertainty of obtaining any required regulatory approvals, changes in the regulatory landscape, uncertainties related to obtaining additional capital as needed to meet CyanVac's and/or Blue Lake Biotechnology's needs on acceptable terms, or at all, the absence of any guarantee of product demand, market acceptance or competitive advantage for any of CyanVac's and/or Blue Lake Biotechnology's product candidates, if approved, and certain trade, legal, social and economic risks. Any forward-looking statements in this release speak only as of the date of this press release and are based on information available to CyanVac as of the date of this release, and neither CyanVac nor Blue Lake Biotechnology has any obligation to update or revise any such forward-looking statement.
CONTACT:
Blue Lake Biotechnology, Inc. and CyanVac LLC
Gary Titus
Chief Financial Officer
gtitus@bluelakebiotechnology.com
(650) 862-9757
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SOURCE Blue Lake Biotechnology, Inc. | https://www.wibw.com/prnewswire/2022/07/21/blue-lake-biotechnology-announces-first-participant-dosed-phase-1-clinical-trial-its-blb-201-intranasal-rsv-vaccine/ | 2022-07-21T11:21:25Z |
The new platform provides a complete solution for all types of accommodations to manage and grow their hospitality business online
NEW YORK, June 7, 2022 /PRNewswire/ -- Wix.com Ltd. (NASDAQ: WIX), a leading global SaaS platform to create, manage and grow an online presence, today announced the relaunch of its new solution for the hotel industry. Wix has partnered with HotelRunner, a complete platform tailored to support all accommodation businesses, to redevelop Wix Hotels. The new platform is a major improvement to the existing solution and includes a full suite of professional tools for every touchpoint needed to launch, manage, and grow a hospitality business of any size and maximize revenue.
Wix's comprehensive online platform combined with HotelRunner's end-to-end travel technology provides the ability for users to create a website, manage their property, guests, bookings, and sales channels all from one platform. Whether running a bed and breakfast, boutique hotel, chain hotel, vacation rental, resort, or unique accommodation, business owners are equipped with the operational tools they need to efficiently run their business online and on premise.
Benefits for users of Wix Hotels by HotelRunner include:
- Connect to leading online sales channels and travel agencies such as Booking.com, Expedia, Hotelbeds, and Airbnb, which can help increase revenues
- Receive direct reservations and secure payments from their website
- Manage rates and availability with user-friendly calendars on a single reliable platform to manage reservations and keep all inventory in sync while implementing complex pricing and revenue management strategies
- Real-time inventory updates on all sales channels
- Manage front desk operations including check-in and outs
- Manage policies and taxes, offer extras, promotions, deals, and coupons, engage with guests, and promote their property on sales channels via the channel manager
"We are constantly improving our offering to provide business owners with a complete solution for any type of business, and we're thrilled to relaunch our hotel solution for the hospitality and tourism industry," said Ronny Elkayam, SVP Mobile, App Market and Strategic Products at Wix. "As travel has begun to increase in the post-pandemic era, we're seeing a rise in the demand for digitalization in the hotel and hospitality industry and we're proud that we have developed a strong solution for these businesses and grow the addressable market. Wix has invested resources into building out the proper infrastructure to support privately owned businesses and large franchises, both for restaurants and hotels, and this new partnership with HotelRunner is another step in creating the go-to solution for businesses to efficiently manage their operations and grow."
"HotelRunner has been introducing innovations for more than a decade to build a bigger travel economy. Wix Hotels by HotelRunner has been developed by leveraging both companies' deep expertise in both travel and technology and positioning our award-winning platform, recognized globally by the leading travel industry players, as its foundation," said Ali Beklen, Co-Founder and Managing Partner of HotelRunner. "Our unique partnership with Wix will be the driving force that will take the hospitality and tourism industries to the next level by accelerating the digital transformation. Thousands of accommodation properties from all over the world will benefit from an affordable and comprehensive set of products, thanks to the new Wix Hotels by HotelRunner," added Arden Agopyan, Co-Founder and Managing Partner of HotelRunner.
Wix Hotels by HotelRunner is in beta with a gradual rollout in English first and then to other languages. Existing users of the Wix Hotels solution will move to the new solution after the beta. To sign up for the beta version click here.
Wix is a leading platform to create, manage and grow a digital presence. What began as a website builder in 2006 is now a complete platform providing users with enterprise-grade performance, security and a reliable infrastructure. Offering a wide range of commerce and business solutions, advanced SEO and marketing tools, Wix enables users to have full ownership of their brand, their data and their relationships with their customers. With a focus on continuous innovation and delivery of new features and products, anyone can build a powerful digital presence to fulfill their dreams on Wix.
For more about Wix, please visit our Press Room
Media Relations Contact: pr@wix.com
HotelRunner is a SaaS-enabled unified sales, operations, and distribution management platform and B2B network for accommodations, travel agencies, and payment providers. HotelRunner has thousands of accommodation and travel agency partners globally. HotelRunner is a Booking.com Premier Connectivity Partner, Expedia Elite Connectivity Partner, Airbnb Software Partner, Agoda Innovative Supplier, Oracle Gold, Hotelbeds, and Google Hotel Ads strategic partner.
For more about HotelRunner, please visit our website.
Media Relations Contact: media@hotelrunner.com
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SOURCE Wix.com Ltd. | https://www.kxii.com/prnewswire/2022/06/07/wix-relaunches-its-solution-hotels-now-powered-by-hotelrunner-providing-comprehensive-platform-built-hospitality-industry/ | 2022-06-07T13:22:31Z |
LAS VEGAS, July 12, 2022 /PRNewswire/ -- Hyperion Partners is launching an exclusive, connected Glass Enterprise Edition 2 Bundle with wireless connectivity on T-Mobile's nationwide 5G network. Google's Glass Enterprise Edition 2 will be pre-loaded with Google Meet software and paired with Google Pixel 6 so when an employee receives the box they simply power them on and are ready to go.
The bundle can boost productivity and facilitate real-time collaboration from virtually anywhere in an easy-to-use way to help businesses save time and improve the quality of their work—all of which are made possible by America's largest, fastest and most reliable 5G network. Pixel's 5G capabilities allow Glass Enterprise Edition 2 to extend its use to anywhere across the 1.8 million square miles of T-Mobile's nationwide 5G network by leveraging Pixel's 5G Mobile Hotspot.
Built specifically with employees in the field who need hands-free video conferencing and detailed support in mind, this solution is perfect for engineers, healthcare professionals, manufacturers and more. With fast 5G, adaptive video calling and hands-free functionality, businesses who choose this bundle will be able to implement solutions quickly, reduce travel costs, go paperless and share data safely.
The three companies share a vision to bring solutions that help businesses boost productivity, solve challenges and work more efficiently.
"We are proud to bring this innovative bundle to market with the help of our friends at T-Mobile and Google," Hyperion CEO Kerry McGonigal said. "With disruptive pricing, cutting-edge 5G technology and innumerable use cases, this opportunity allows our customers to increase productivity and cut costs to the bottom line."
If your organization is interested in taking advantage of this exclusive, connected wearable bundle, use this form to contact Hyperion, or contact a Hyperion Sales Director directly on LinkedIn.
Hyperion is a full-service business development master agent specializing in telecommunications. We focus on adding value for partners and have exclusive access to several disruptive technologies that make our bundled solutions more attractive. Acting as a consultant to our partners and clients, we ensure customers receive the most practical, affordable, and complete solution possible. Hyperion has a wide footprint in businesses of all sizes, offering dedicated care and technical support through the ordering, activation, and implementation processes. To learn more visit hyperionpartners.net.
Legal: 5G: Capable device required; coverage not available in some areas. Some uses may require certain plan or feature; see T-Mobile.com. Fastest: Based on median, overall combined 5G speeds according to analysis by Ookla® of Speedtest Intelligence® data 5G download speeds for Q1 2022. Ookla trademarks used under license and reprinted with permission. Most Reliable: According to an audit report conducted by independent third party umlaut containing crowdsourced data for user experience including task completion collected from November 2021 to May 2022. Full details at: www.umlaut.com/en/benchmarking/USA.
CONTACT:
Maridith Garrett
mag@hyperionpartners.net
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SOURCE Hyperion Partners | https://www.wibw.com/prnewswire/2022/07/12/hyperion-brings-exclusive-connected-wearable-bundle-with-glass-enterprise-edition-2-t-mobiles-5g-network/ | 2022-07-12T18:07:31Z |
Massillon IMPACt returns June 4
MASSILLON – Following a two-year-long hiatus due to the COVID-19 pandemic, IMPACt Massillon will return on June 4.
The ministry, which has rehabbed homes in different neighborhoods, plans to rehab sites in the city's Fourth Street SW neighborhood just east of Duncan Street.
Participating churches include St. Mary’s parish, St. Timothy’s Episcopal, Living Water, First Baptist, Holy Trinity Lutheran, Woodlawn, Christ Lutheran, Morning Star, St. John’s Lutheran, and First Christian, as well as the Massillon Rotary Club and some businesses.
Other scheduled participants include Washington High School head football coach Nate Moore, members of the Massillon Tigers football team, and students from Jason Wiestler’s Massillon High School Construction Trades Program.
Volunteers still are needed to paint, mow lawns, trim trees and bushes, add landscaping, repair porches and sidewalks, build decks and significantly improve the look of the neighborhood at no cost to the homeowners.
Several area businesses are participating by providing materials and/or help at no or very low cost and several are offering discounts to churches buying materials for the event. Donations also are welcome.
For more information, contact the Rev. Roger Alber at 330-832-1234. | https://www.cantonrep.com/story/news/local/canton/2022/04/22/massillon-impact-neighborhood-rebuild-ministry-returns-june-4/7368262001/ | 2022-04-22T14:50:26Z |
Child care is expensive everywhere. But this country tops the list
By Anneken Tappe, CNN Business
Having children is expensive, no matter where in the world you live. But, while America finds itself in the middle of the cost scale, China has become one of the priciest places to raise kids.
South Korea tops the list of most expensive places to raise a child from birth to age 18, measured as a percentage of per capita gross domestic product, according to research from Jefferies which used data from Yuwa Population Research. GDP is the broadest measure of a nation’s economic activity.
China comes in second, followed by Italy. The United States is wedged in the middle of the top 14 most expensive places, between Germany and Japan.
However, in terms of the absolute amount of money spent, China is one of the cheapest places to have kids. But it’s all relative: “If we then adjust that data to percentage of average disposable income, China becomes the most expensive place to raise kids,” said the Jefferies researchers.
So what makes it so costly to raise kids in the Far East?
A big part of it is the cost of education and the cost and availability of care when the child is in their younger years. Pre-school services in China have been mostly private until recently, according to Jefferies.
It takes more than $75,000 to raise a child until the age of 18 in China, and another $22,000 to get them through university.
While that sounds like much cheaper tuition than students in the United States might face, there’s a key difference: “In many other Western countries, a student loan provided by state is more common, and the burden is lifted from parents and transferred to children themselves,” the Jefferies analysts said.
In America, for example, 55% of undergraduate students graduated with debt in the 2019-2020 academic year, according to data from the College Board.
What the government can do
Lawmakers have plenty of options to reduce the cost of having children, including subsidizing child care to limit the gap between people in different income classes.
Beijing is already stepping in to make after-school tutoring more accessible. Next on the list could be the cost of nursery and kindergarten, the Jefferies analysts think.
“We understand that the government is seeking to either have the state provide these services and/or regulate the price of private services,” they said.
China’s government announced in its current five-year plan that it aims to grow the number of nursery school places for children under three years of age to 4.5 per 1,000 people by 2025 — two and a half times the current amount of 1.8 per 1,000. At the moment, there are 42 million Chinese children under the age of three. Parents of one third of them want them to go to nursery school, but only 5.5% can actually do that, the Jefferies report found.
More wealth equals fewer children
Birth rates in wealthier countries tend to be lower than in developing nations. This is known as a “demographic-economic paradox” which means those with more means choose to have fewer children than people with lower incomes.
“As China develops economically, it’s highly possible that it will fall into the demographic-economic paradox just like many other developed countries do, and the birth rate might fall to a lower level than many expected,” the Jefferies analysts said.
Even now, Chinese couples are reluctant to have more than one child due to the high cost of raising them. While couples in Western countries appear to want two to three children, the numbers are lower in the East.
On top of that, marriage numbers are falling, too. But in Asian cultures, having kids outside of wedlock is much more uncommon compared with the West.
Demographic trends like birth rates affect a nation’s businesses and economy. Aging populations have trouble keeping up with their welfare systems, including Social Security and public pensions, as the working population declines. Over time, that can increase the need for things like automation to replace missing workers.
Demographic trends also affect companies and stocks, albeit many decades into the future, the Jefferies analysts said.
“We expect to see a continued and significant push to reduce the cost of raising children globally and more specifically in China,” they said.
That might include tax breaks, cash handouts and subsidies.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/2022/04/09/child-care-is-expensive-everywhere-but-this-country-tops-the-list-2/ | 2022-04-09T07:35:01Z |
Conference Call to Be Held at 7:30 A.M. U.S. Eastern Time on August 19, 2022
GUANGZHOU, China, Aug. 19, 2022 /PRNewswire/ -- Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced its unaudited financial results for the quarter ended June 30, 2022.
Second Quarter 2022 Highlights
- Total net revenues for the second quarter of 2022 were RMB24.5 billion (US$3.7 billion), as compared with RMB29.6 billion in the prior year period.
- GMV[1] for the second quarter of 2022 was RMB40.6 billion, as compared with RMB48.1 billion in the prior year period.
- Gross profit for the second quarter of 2022 was RMB5.0 billion (US$750.1 million), as compared with RMB6.0 billion in the prior year period.
- Net income attributable to Vipshop's shareholders for the second quarter of 2022 increased by 17.4% year over year to RMB1.3 billion (US$191.5 million) from RMB1.1 billion in the prior year period.
- Non-GAAP net income attributable to Vipshop's shareholders[2] for the second quarter of 2022 increased by 8.4% year over year to RMB1.6 billion (US$237.7 million) from RMB1.5 billion in the prior year period.
- The number of active customers[3] for the second quarter of 2022 was 41.7 million, as compared with 51.1 million in the prior year period.
- Total orders[4] for the second quarter of 2022 were 186.3 million, as compared with 221.5 million in the prior year period.
Mr. Eric Shen, Chairman and Chief Executive Officer of Vipshop, stated, "Our second quarter results came in better than expected, driven by improving macro conditions with the COVID-19 pandemic effectively under control. Our business demonstrated strong execution and flexibility in helping our brand partners navigate through an uncertain environment with extensive support, while securing more supply of merchandise that appeal to the value of our customers. In addition, we have been refreshing our brand mix with new trendy and higher-end brands that cater to different customer groups. Our high-value customers continued to grow and showed resilient spending power. While macro uncertainties could linger ahead, we are steadfast in positioning ourselves for more opportunities in discount retail, adapting our business as needed to best serve our brand partners and customers."
Mr. David Cui, Chief Financial Officer of Vipshop, further commented, "In the second quarter, we delivered solid profitability on top of decent topline performance that beat our prior guidance, thanks to our relentless efforts to drive operational efficiency. Our bottom-line and the overall margins achieved year-over-year increases as a result of effective cost savings and rational spending. In addition, we were committed to our share buyback plan and had repurchased US$177.1 million of our ADSs during the quarter. Looking ahead, we are confident to maintain healthy and sustainable profitability and create long-term value to our shareholders."
Second Quarter 2022 Financial Results
REVENUES
Total net revenues for the second quarter of 2022 were RMB24.5 billion (US$3.7 billion), as compared with RMB29.6 billion in the prior year period, primarily attributable to soft consumer demand for discretionary categories amid a challenging macro environment with the COVID-19 resurgence in China.
GROSS PROFIT
Gross profit for the second quarter of 2022 was RMB5.0 billion (US$750.1 million), as compared with RMB6.0 billion in the prior year period. Gross margin for the second quarter of 2022 increased to 20.5% from 20.1% in the prior year period.
OPERATING EXPENSES
Total operating expenses for the second quarter of 2022 decreased by 18.7% year over year to RMB3.9 billion (US$588.0 million) from RMB4.8 billion in the prior year period. As a percentage of total net revenues, total operating expenses for the second quarter of 2022 decreased to 16.1% from 16.4% in the prior year period.
- Fulfillment expenses for the second quarter of 2022 decreased by 13.7% year over year to RMB1.8 billion (US$265.2 million) from RMB2.1 billion in the prior year period. As a percentage of total net revenues, fulfillment expenses for the second quarter of 2022 was 7.2%, as compared with 6.9% in the prior year period.
- Marketing expenses for the second quarter of 2022 decreased by 60.5% year over year to RMB555.6 million (US$82.9 million) from RMB1.4 billion in the prior year period, primarily attributable to more prudent marketing strategy. As a percentage of total net revenues, marketing expenses for the second quarter of 2022 decreased to 2.3% from 4.8% in the prior year period.
- Technology and content expenses for the second quarter of 2022 increased by 11.3% year over year to RMB411.8 million (US$61.5 million) from RMB369.9 million in the prior year period. As a percentage of total net revenues, technology and content expenses for the second quarter of 2022 increased to 1.7% from 1.2% in the prior year period.
- General and administrative expenses for the second quarter of 2022 were RMB1.2 billion (US$178.4 million), as compared with RMB1.0 billion in the prior year period. As a percentage of total net revenues, general and administrative expenses for the second quarter of 2022 was 4.9%, as compared with 3.4% in the prior year period.
INCOME FROM OPERATIONS
Income from operations for the second quarter of 2022 was RMB1.3 billion (US$189.4 million), as compared with RMB1.5 billion in the prior year period. Operating margin for the second quarter of 2022 increased to 5.2% from 5.0% in the prior year period.
Non-GAAP income from operations[5] for the second quarter of 2022, which excluded share-based compensation expenses and amortization of intangible assets resulting from business acquisitions, was RMB1.6 billion (US$231.6 million), as compared with RMB1.7 billion in the prior year period. Non-GAAP operating margin[6] for the second quarter of 2022 increased to 6.3% from 5.9% in the prior year period.
NET INCOME
Net income attributable to Vipshop's shareholders for the second quarter of 2022 increased by 17.4% year over year to RMB1.3 billion (US$191.5 million) from RMB1.1 billion in the prior year period. Net margin attributable to Vipshop's shareholders for the second quarter of 2022 increased to 5.2% from 3.7% in the prior year period. Net income attributable to Vipshop's shareholders per diluted ADS[7] for the second quarter of 2022 increased to RMB1.97 (US$0.29) from RMB1.56 in the prior year period.
Non-GAAP net income attributable to Vipshop's shareholders for the second quarter of 2022, which excluded (i) share-based compensation expenses, (ii) impairment loss of investment, (iii) investment loss and revaluation of investments excluding dividends, (iv) reconciling items on the share of equity method investments, (v) amortization of intangible assets resulting from business acquisitions, and (vi) tax effects on non-GAAP adjustments, increased by 8.4% year over year to RMB1.6 billion (US$237.7 million) from RMB1.5 billion in the prior year period. Non-GAAP net margin attributable to Vipshop's shareholders[8] for the second quarter of 2022 increased to 6.5% from 5.0% in the prior year period. Non-GAAP net income attributable to Vipshop's shareholders per diluted ADS[9] for the second quarter of 2022 increased to RMB2.45 (US$0.37) from RMB2.10 in the prior year period.
For the quarter ended June 30, 2022, the Company's weighted average number of ADSs used in computing diluted income per ADS was 649,671,995.
BALANCE SHEET AND CASH FLOW
As of June 30, 2022, the Company had cash and cash equivalents and restricted cash of RMB17.3 billion (US$2.6 billion) and short term investments of RMB4.1 billion (US$615.4 million).
For the quarter ended June 30, 2022, net cash generated from operating activities was RMB4.5 billion (US$666.7 million), and free cash flow[10], a non-GAAP measurement of liquidity, was as follows:
Share Repurchase Program
On March 31, 2022, the Company announced a share repurchase program authorized by its board of directors under which the Company may repurchase up to US$1 billion of its ADSs or Class A ordinary shares for a 24-month period. As of June 30, 2022, the Company had repurchased US$177.1 million of its ADSs under the program.
Environment, Social and Governance
On July 8, 2022, Vipshop was named Forbes China's 2022 Best Employer and 2022 Most Sustainable Employer. The awards recognized the Company's best practices in talent mangement and its commitment to sustainable development.
Business Outlook
For the third quarter of 2022, the Company expects its total net revenues to be between RMB21.2 billion and RMB22.4 billion, representing a year-over-year decrease rate of approximately 15% to 10%. These forecasts reflect the Company's current and preliminary view on the market and operational conditions, which is subject to change.
Exchange Rate
The Company's business is primarily conducted in China and the significant majority of revenues generated are denominated in Renminbi. This announcement contains currency conversions of Renminbi amounts into U.S. dollars solely for the convenience of the reader. Unless otherwise noted, all translations from Renminbi to U.S. dollars are made at a rate of RMB6.6981 to US$1.00, the effective noon buying rate on June 30, 2022 as set forth in the H.10 statistical release of the Federal Reserve Board. No representation is made that the Renminbi amounts could have been, or could be, converted, realized or settled into U.S. dollars at that rate on June 30, 2022, or at any other rate.
Conference Call Information
The Company will hold a conference call on Friday, August 19, 2022 at 7:30 am US Eastern Time, 7:30 pm Beijing Time to discuss the financial results.
All participants wishing to join the conference call must pre-register online using the link provided below.
Registration Link: https://register.vevent.com/register/BIb9eec4ae01f249d6bc23e596cc164be4
Once pre-registration has been completed, each participant will receive dial-in numbers and a unique access PIN via email. To join the conference, participants should use the dial-in details followed by the PIN code.
A live webcast of the earnings conference call can be accessed at https://edge.media-server.com/mmc/p/853ts7kw. An archived webcast will be available at the Company's investor relations website at http://ir.vip.com.
[1] "Gross merchandise value (GMV)" is defined as the total Renminbi value of all products and services sold through the Company's online sales business, online marketplace platform, offline stores, Shan Shan Outlets and city outlets during the relevant period, including through the Company's websites and mobile apps, third-party websites and mobile apps, Vipshop offline stores, Vipmaxx offline stores, Shan Shan Outlets and the city outlets in Hefei, Anhui province that is operated by the Company, which were fulfilled by either the Company or its third-party merchants, regardless of whether or not the goods were delivered or returned. GMV includes shipping charges paid by buyers to sellers. For prudent considerations, the Company does not consider products or services to be sold if the relevant orders were placed and canceled pre-shipment and only included orders that left the Company's or other third-party vendors' warehouses.
[2] Non-GAAP net income attributable to Vipshop's shareholders is a non-GAAP financial measure, which is defined as net income attributable to Vipshop's shareholders excluding (i) share-based compensation expenses, (ii) impairment loss of investment, (iii) investment loss and revaluation of investments excluding dividends, (iv) reconciling items on the share of equity method investments, (v) amortization of intangible assets resulting from business acquisitions, and (vi) tax effects on non-GAAP adjustments.
[3] "Active customers" is defined as registered members who have purchased from the Company's online sales business or the Company's online marketplace platforms at least once during the relevant period.
[4] "Total orders" is defined as the total number of orders placed during the relevant period, including the orders for products and services sold through the Company's online sales business and the Company's online marketplace platforms (excluding, for the avoidance of doubt, orders from the Company's offline stores and outlets), net of orders returned.
[5] Non-GAAP income from operations is a non-GAAP financial measure, which is defined as income from operations excluding share-based compensation expenses and amortization of intangible assets resulting from business acquisitions.
[6] Non-GAAP operating income margin is a non-GAAP financial measure, which is defined as non-GAAP income from operations as a percentage of total net revenues.
[7] "ADS" means American depositary share, each of which represents 0.2 Class A ordinary share.
[8] Non-GAAP net margin attributable to Vipshop's shareholders is a non-GAAP financial measure, which is defined as non-GAAP net income attributable to Vipshop's shareholders, as a percentage of total net revenues.
[9] Non-GAAP net income attributable to Vipshop's shareholders per diluted ADS is a non-GAAP financial measure, which is defined as non-GAAP net income attributable to Vipshop's shareholders, divided by the weighted average number of diluted ADS outstanding for computing diluted earnings per ADS.
[10] Free cash flow is a non-GAAP financial measure, which is defined as net cash from operating activities adding back the impact from Internet financing activities and less capital expenditures, which include purchase and deposits of property and equipment and land use rights.
[11] Net impact from Internet financing activities represents net cash flow relating to the Company's financial products, which are primarily consumer financing and supplier financing that the Company provides to its customers and suppliers.
About Vipshop Holdings Limited
Vipshop Holdings Limited is a leading online discount retailer for brands in China. Vipshop offers high quality and popular branded products to consumers throughout China at a significant discount to retail prices. Since it was founded in August 2008, the Company has rapidly built a sizeable and growing base of customers and brand partners. For more information, please visit https://ir.vip.com/.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Vipshop's strategic and operational plans, contain forward-looking statements. Vipshop may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Vipshop's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Vipshop's goals and strategies; Vipshop's future business development, results of operations and financial condition; the expected growth of the online discount retail market in China; Vipshop's ability to attract customers and brand partners and further enhance its brand recognition; Vipshop's expectations regarding demand for and market acceptance of flash sales products and services; competition in the discount retail industry; the potential impact of the COVID-19 to Vipshop's business operations and the economy in China and elsewhere generally; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Vipshop's filings with the SEC. All information provided in this press release is as of the date of this press release, and Vipshop does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Use of Non-GAAP Financial Measures
The condensed consolidated financial information is derived from the Company's unaudited interim condensed consolidated financial statements prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"), except that comparative consolidated statements of income and cash flows for the period presented and detailed footnote disclosures required by Accounting Standards Codification 270, Interim Reporting ("ASC270"), have been omitted. Vipshop uses non-GAAP net income attributable to Vipshop's shareholders, non-GAAP net income attributable to Vipshop's shareholders per diluted ADS, non-GAAP income from operations, non-GAAP operating income margin, non-GAAP net margin attributable to Vipshop's shareholders, and free cash flow, each of which is a non-GAAP financial measure. Non-GAAP net income attributable to Vipshop's shareholders is net income attributable to Vipshop's shareholders excluding (i) share-based compensation expenses, (ii) impairment loss of investment, (iii) investment loss and revaluation of investments excluding dividends, (iv) reconciling items on the share of equity method investments, (v) amortization of intangible assets resulting from business acquisitions, and (vi) tax effects on non-GAAP adjustments. Non-GAAP net income attributable to Vipshop's shareholders per diluted ADS is computed using non-GAAP net income attributable to Vipshop's shareholders divided by weighted average number of diluted ADS outstanding for computing diluted earnings per ADS. Non-GAAP income from operations is income from operations excluding share-based compensation expenses and amortization of intangible assets resulting from business acquisitions. Non-GAAP operating income margin is non-GAAP income from operations as a percentage of total net revenues Non-GAAP net margin attributable to Vipshop's shareholders is non-GAAP net income attributable to Vipshop's shareholders as a percentage of total net revenues Free cash flow is net cash from operating activities adding back the impact from Internet financing activities and less capital expenditures, which include purchase and deposits of property and equipment and land use rights. Impact from Internet financing activities added back or deducted from free cash flow contains changes in the balances of financial products, which are primarily consumer financing and supplier financing that the Company provides to customers and suppliers. The Company believes that separate analysis and exclusion of the non-cash impact of (i) share-based compensation, (ii) impairment loss of investment, (iii) investment loss and revaluation of investments excluding dividends, (iv) reconciling items on the share of equity method investments, (v) amortization of intangible assets resulting from business acquisitions, and (vi) tax effects on non-GAAP adjustments add clarity to the constituent parts of its performance. The Company reviews these non-GAAP financial measures together with GAAP financial measures to obtain a better understanding of its operating performance. It uses these non-GAAP financial measures for planning, forecasting and measuring results against the forecast. The Company believes that non-GAAP financial measures are useful supplemental information for investors and analysts to assess its operating performance without the effect of (i) share-based compensation expenses, (ii) impairment loss of investment, (iii) investment loss and revaluation of investments excluding dividends, (iv) reconciling items on the share of equity method investments, (v) amortization of intangible assets resulting from business acquisitions, and (vi) tax effects on non-GAAP adjustments. Free cash flow enables the Company to assess liquidity and cash flow, taking into account the impact from Internet financing activities and the financial resources needed for the expansion of fulfillment infrastructure,technology platform and Shan Shan Outlets. Share-based compensation expenses have been and will continue to be significant recurring expenses in its business. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company's net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similar titled measures used by other companies. One of the key limitations of free cash flow is that it does not represent the residual cash flow available for discretionary expenditures.
The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, the financial information prepared and presented in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the table captioned "Vipshop Holdings Limited Reconciliations of GAAP and Non-GAAP Results" at the end of this release.
Investor Relations Contact
Tel: +86 (20) 2233-0732
Email: IR@vipshop.com
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SOURCE Vipshop Holdings Limited | https://www.kxii.com/prnewswire/2022/08/19/vipshop-reports-unaudited-second-quarter-2022-financial-results/ | 2022-08-19T10:41:20Z |
PARIS (AP) — Incumbent Emmanuel Macron will face far-right nationalist Marine Le Pen in a winner-takes-all runoff for the French presidency, after they both advanced Sunday in the first round of voting in the country’s election to set up another head-to-head clash of their sharply opposing visions for France.
But while Macron won t heir last contest in 2017 by a landslide to become France’s youngest-ever president, the same outcome this time is far from guaranteed. Macron, now 44, emerged ahead from Sunday’s first round, but the runoff is essentially a new election and the next two weeks of campaigning to the April 24 second-round vote promise to be bruising and confrontational against his 53-year-old political nemesis.
Savvier and more polished as she makes her third attempt to become France’s first woman president, Le Pen was handsomely rewarded Sunday at the ballot box for her years-long effort to rebrand herself as more pragmatic and less extreme. Macron has accused Le Pen of pushing an extremist manifesto of racist, ruinous policies. Le Pen wants to roll back some rights for Muslims, banning them from wearing headscarves in public, and to drastically reduce immigration from outside Europe.
On Sunday, she racked up her best-ever first-round tally of votes. With most votes counted, Macron had just over 27% and Le Pen had just under 24%. Hard-left leader Jean-Luc Melenchon was third, missing out on the two-candidate runoff, with close to 22%.
Macron also improved on his first-round showing in 2017, despite his presidency being rocked by an almost unrelenting series of both domestic and international crises. They include Russia’s war in Ukraine that overshadowed the election and diverted his focus from the campaign.
With polling suggesting that the runoff against Le Pen could be close, Macron immediately started throwing his energies into the battle.
Addressing supporters Sunday night who chanted “five more years,” Macron warned that “nothing is done” and said the runoff campaign will be “decisive for our country and for Europe.”
Claiming that Le Pen would align France with “populists and xenophobes,” he said: “That’s not us.”
“I want to reach out to all those who want to work for France,” he said. He vowed to “implement the project of progress, of French and European openness and independence we have advocated for.”
The election outcome will have wide international influenceas Europe struggles to contain the havoc wreaked by Russian President Vladimir Putin’s invasion of Ukraine. Macron has strongly backed European Union sanctions on Russia while Le Pen has worried about their impact on French living standards. Macron also is a firm supporter of NATO and of close collaboration among the European Union’s 27 members.
Macron for months had looked like a shoo-in to become France’s first president in 20 years to win a second term. But National Rally leader Le Pen, in a late surge, tapped into the foremost issue on many French voters’ minds: soaring costs for food, gas and heating due to rising inflation and the repercussions of Western sanctions on Russia.
To win in round two, both Macron and Le Pen now need to reach out to voters who backed the 10 presidential candidates defeated Sunday.
For some of the losers’ disappointed supporters, the runoff vote promises to be agonizing. Melenchon voter Jennings Tangly, a 21-year-old student of English at Paris’ Sorbonne University, said the second-round match-up was an awful prospect for her, a choice “between the plague and cholera.”
She described Macron’s presidency as “abject,” but said she would vote for him in round two simply to keep Le Pen from the presidential Elysee Palace.
“It would be a survival vote rather than a vote with my heart,” she said.
Le Pen’s supporters celebrated with champagne and chanted “We’re going to win!” She sought to reach out to left-wing supporters for round two by promising fixes for “a France torn apart.”
She said the second round presents voters with “a fundamental choice between two opposing visions of the future: Either the division, injustice and disorder imposed by Emmanuel Macron to the benefit of the few, or the uniting of French people around social justice and protection.”
Some of her defeated rivals were so alarmed by the possibility of Le Pen beating Macron that they urged their supporters Sunday to shift their second-round votes to the incumbent. Melenchon, addressing supporters who sometimes shed tears, repeatedly said: “We must not give one vote to Mrs. Le Pen.”
Describing herself as “profoundly worried,” defeated conservative candidate Valerie Pecresse warned of “the chaos that would ensue” if Le Pen was elected, saying the far-right leader has never been so close to power. Pecresse said she would vote for Macron in the runoff.
To beat Le Pen, Macron will aim to pick apart her attempted rebranding as a less dangerous political force, a makeover that has even highlighted her love of cats.
Her softer image has won over some voters but made others even more suspicious.
Yves Maillot, a retired engineer, said he voted for Macron only to counterbalance Le Pen. He said he fears that her long-standing hostility to the EU could see her try to take France out of the bloc, even though she has dropped that from her manifesto.
“I don’t think she’s changed at all,” he said. “It’s the same thing, but with cats.”
___
Associated Press journalists Thomas Adamson. Elaine Ganley and Patrick Hermansen contributed to this report.
___
Follow all AP stories on France’s presidential election at https://apnews.com/hub/french-election-2022 | https://cw33.com/news/international/ap-international/polls-open-in-1st-round-of-frances-presidential-election/ | 2022-04-11T06:47:26Z |
Hacker claims to breach Uber, security researcher says
(AP) - Uber said Thursday that it reached out to law enforcement after a hacker apparently breached its network. A security engineer said the intruder had provided evidence of obtaining access to crucial cloud systems at the ride-hailing service.
There was no indication that Uber’s fleet of vehicles or its operation was in any way affected.
“It seems like they’ve compromised a lot of stuff,” said Sam Curry, an engineer with Yuga Labs who communicated with the hacker. That includes obtaining complete access to the Amazon and Google-hosted cloud environments where Uber stores its source code and customer data, he said.
Curry said he spoke to several Uber employees who said they were “working to lock down everything internally” to restrict the hacker’s access. That included the company’s Slack internal messaging network, he said.
He said there was no indication that the hacker had done any damage or was interested in anything more than publicity. “My gut feeling is that it seems like they are out to get as much attention as possible.”
The hacker had alerted Curry and other security researchers to the intrusion by using and an internal Uber account to comment on vulnerabilities they had previously identified on the company’s network through its bug-bounty program, which pays ethical hackers to identify vulnerabilities.
The hacker provided a Telegram account address and Curry and other researchers then engaged them in a separate conversation, sharing screenshots of various pages from Uber’s cloud providers to prove they broke in.
The Associated Press attempted to contact the hacker at the Telegram account where Curry and the other researchers chatted with them. But no one responded.
One screenshot posted on Twitter and confirmed by researchers shows a chat with the hacker in which they say they obtained the credentials of an administrative user and then used social engineering to access Uber’s internal network.
Uber said via email that it was “currently responding to a cybersecurity incident. We are in touch with law enforcement.” It said it would provide updates on its Uber Comms twitter feed.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/09/16/hacker-claims-breach-uber-security-researcher-says/ | 2022-09-16T05:45:04Z |
OKLAHOMA CITY, July 21, 2022 /PRNewswire/ -- PHX MINERALS INC., "PHX," (NYSE: PHX), today announced it will release results for its fiscal 2022 third quarter ended June 30, 2022, on Monday, Aug. 8, 2022, following the close of trading on the New York Stock Exchange. Additionally, the Company will host a conference call to discuss the results at 11:00 a.m. EDT on Aug. 9, 2022. Management's discussion will be followed by a question and answer session with investors. To participate on the conference call, please dial 877-407-3088 (domestic) or 201-389-0927 (international).
The news release will be available at www.phxmin.com in the "Investors" section. A replay of the conference call will be available by dialing 877-660-6853 and using the access code 13731836.
PHX Minerals Inc. (NYSE: PHX) Oklahoma City-based, PHX Minerals Inc. is a natural gas and oil mineral company with a strategy to proactively grow its mineral position in its core areas of focus. PHX owns approximately 75,000 net leased mineral acres principally located in Oklahoma, Louisiana, Texas, North Dakota, and Arkansas. Additional information on the Company can be found at www.phxmin.com.
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SOURCE PHX MINERALS INC. | https://www.mysuncoast.com/prnewswire/2022/07/21/phx-minerals-inc-announce-fiscal-2022-third-quarter-results-host-earnings-call-aug-9-2022/ | 2022-07-21T21:50:05Z |
Clients Get Top Dollar; Close As Soon As 10 Days
TAMPA, Fla., June 9, 2022 /PRNewswire/ -- IDEAL AGENT®, the premier full-service real estate services company announces the launch of its new Cash Offer program for home sellers. The company allows clients the ability to forgo listing, showings, and open houses, providing multiple cash offers through its network of investors, guaranteeing top dollar for home sellers. IDEAL AGENT® proprietary technology provides the most options when selling allowing the client to select from multiple offers and close at their convenience, as soon as 10 days, or after finding their new home through its multiple lease back options.
"We're selling certainty in an uncertain market. We know how stressful and time consuming selling a home can be, said Steve Johnston, Founder & CEO of IDEAL AGENT®. We want to ease the hassle and help people get top dollar for their home, and fast, with our new Cash Offer program."
IDEAL AGENT® modern technology streamlines the real estate transaction for a seamless experience saving home sellers and buyers time and thousands in commissions due to its pre-negotiated variable commission structure, helping thousands of clients get 5-star results. The company recently launched IDEAL TITLE® offering title transfer insurance, IDEAL RATE™, zero mortgage lender fees, IDEAL HOME WARRANTY™, free one year home warranty with home purchase and IDEAL HOME SERVICES including discounts on moving, storage, junk removal, internet, entertainment, and home security services.
For additional information visit idealagent.com
Tampa-based IDEAL AGENT®, established in 2016, is the nation's fastest-growing, premier, full-service real estate services company. Recognized as a leader in modernizing of real estate transactions, IDEAL AGENT® makes the home buying and selling process easy and profitable by providing a seamless online experience, ranking number one in real estate on Trustpilot. IDEAL AGENT®'s free service connects Clients with the top 1% local and national agents from top brokerages including Keller Williams, RE/MAX, Sotheby's, Berkshire Hathaway, and more with variable commissions as low as 2% commission. IDEAL AGENT® has earned several accolades for excellence in real estate, sustained revenue growth, and is distinguished as one of the "The Next 1000" by Forbes, 21 Startups to Watch by Tampa Bay Business Journal, and Tampa Bay Times Best Places to Work.
CONTACT:
Press@idealagent.com
800.941.8857
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SOURCE Ideal Agent | https://www.kxii.com/prnewswire/2022/06/09/ideal-agent-launches-cash-offer-home-selling-service/ | 2022-06-09T14:01:35Z |
WILMINGTON, Del., Sept. 15, 2022 /PRNewswire/ -- Intel 471, the premier provider of cyber threat intelligence for leading intelligence, security, and fraud teams across the globe, today announced that Senior Director of Customer Success Alex Keedy has been shortlisted for Next Generation Leader of the Year by Women in IT Awards USA 2022.
Now in their fifth year, these prestigious awards recognize and celebrate women, allies, and organizations across the USA for their outstanding contribution to the technology industry. Evaluated by an independent panel of expert judges, the Next Generation Leader of the Year category recognizes women under the age of 30, or who turn 30 in 2022, who have progressed rapidly though their career and demonstrated business value and innovation using technology.
"It is an honor to be shortlisted for this award, especially among such an exceptional and strong field of candidates," Keedy said. "It has long been a dream of mine to inspire more smart and talented women to join the fields of cybersecurity and IT, and I hope that this recognition will help accomplish that goal. I look forward to continuing to ensure our clients receive the best possible insight and support to tackle existing and emerging cyber threats they may face."
Keedy currently serves as the Senior Director of Customer Success at Intel 471, tasked with providing direct support to cyber threat intelligence teams in a network of organizations across multiple sectors and geographies. Her role encompasses driving customer value, scaling the customer success function, and managing a team of experts providing intelligence to Fortune 500 clients. Under Keedy's management Intel 471 has received consistent positive feedback from clients. These clients recognize the care, effort, grit, and determination that is regularly demonstrated to ensure they can preempt and respond quickly to cyber threats that might otherwise harm their organizations.
In addition to her role at Intel 471, Keedy will be a featured speaker at the annual 2022 Uniting Women in Cyber conference on the panel Counterintelligence threats - cyberwarfare - where is the redline? Leading strategists and thought leaders will discuss what is cyber warfare today and emerging trends (based on Ukraine and other areas), the implications for the way we do business and the way we live our lives. This conference will take place on Tuesday, September 27, at The Ritz Carlton in Tysons Corner, Virginia.
Intel 471 empowers enterprises, government agencies, and other organizations to win the cybersecurity war using near-real-time insights into the latest malicious actors, relationships, threat patterns, and imminent attacks relevant to their businesses.
The company's TITAN platform collects, interprets, structures, and validates human-led, automation-enhanced results. Clients across the globe leverage this threat intelligence with our proprietary framework to map the criminal underground, zero in on key activity, and align their resources and reporting to business requirements. Intel 471 serves as a trusted advisor to security teams, offering ongoing trend analysis and supporting your use of the platform. Learn more at https://intel471.com/.
Media Contact:
John Kreuzer
Lumina Communications for Intel 471
Intel471@luminapr.com
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SOURCE Intel 471 | https://www.kxii.com/prnewswire/2022/09/15/intel-471s-alex-keedy-shortlisted-next-generation-leader-year-by-women-it-awards-usa-2022/ | 2022-09-15T17:59:44Z |
NEW YORK, Aug. 4, 2022 /PRNewswire/ --
On August 1, 2022, Credit Suisse announced expected coupon payments for the following ETNs:
Press Contact
Andre Rosenblatt, Credit Suisse, andre.rosenblatt@credit-suisse.com
Credit Suisse ETNs
Telephone +1 800 320 1225, ETN.Desk@credit-suisse.com
The ETNs may not be suitable for all investors and should be purchased only by knowledgeable investors who understand the potential consequences of investing in the ETNs. The ETNs are subject to the credit risk of Credit Suisse. You may receive less, and possibly significantly less, than the principal amount of your investment at maturity or upon repurchase or sale. Coupon payments on the ETNs will vary and could be zero. There is no actual portfolio of assets in which any investor in the ETNs has any ownership or other interest. Investors in the ETNs do not have voting rights, distribution rights or other rights with respect to the assets included in the tracked indices. An investment in the ETNs involves significant risks. For further information regarding risks, please see the section entitled "Risk Factors" in the applicable pricing supplement.
Credit Suisse
Credit Suisse is one of the world's leading financial services providers. Our strategy builds on Credit Suisse's core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in our home market of Switzerland. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. Credit Suisse employs approximately 51,410 people. The registered shares (CSGN) of Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
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Credit Suisse has filed a registration statement (including a prospectus) with the Securities and Exchange Commission, or SEC, for the offering to which this press release relates. Before you invest, you should read the applicable Pricing Supplement, the Prospectus Supplement dated June 18, 2020 and the Prospectus dated June 18, 2020 that Credit Suisse has filed with the SEC for more complete information about Credit Suisse and this offering. You may obtain these documents without cost by visiting EDGAR on the SEC website at www.sec.gov or clicking the hyperlinks below:
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https://notes.credit-suisse.com/api/DocFile/GetProspectus/USOI
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Pricing Supplement dated May 24, 2021, including the Prospectus Supplement dated June 18, 2020, and Prospectus dated June 18, 2020:
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Alternatively, Credit Suisse, Credit Suisse Securities (USA) LLC or any agent or any dealer participating in this offering will arrange to send you the applicable pricing supplement, prospectus supplement and prospectus if you so request by calling 1-800-320-1225.
This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change.
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Copyright © 2022, CREDIT SUISSE GROUP AG and/or its affiliates. All rights reserved.
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SOURCE Credit Suisse AG | https://www.mysuncoast.com/prnewswire/2022/08/04/credit-suisse-announces-coupon-payments-expected-coupon-payments-credit-suisse-x-links-exchange-traded-notes-etns/ | 2022-08-04T13:33:13Z |
What are the best Columbia hiking boots?
Hiking is a great way to combine exercise and communing with nature. Covering the trails through heavy overgrowth takes agility, concentration and a high-quality pair of hiking boots. Hiking boots are designed for the roughest terrain. They are built to protect your feet and keep them warm and dry no matter the conditions.
Columbia Sportswear is one of the most trusted brands in outdoor apparel. They have manufactured quality clothing and footwear for 80 years and have an extensive selection of hiking boots for men, women and children. For its all-purpose features that protect your feet on all terrains, the best Columbia hiking boot is the Columbia Men’s Newton Ridge Plus II Waterproof Hiking Boot.
What to know before you buy Columbia hiking boots
What are hiking boots?
Hiking footwear has three varieties.
- Hiking boots are the biggest form featuring high collars that wrap around your ankles. They are made from the toughest materials in order to traverse rough trails and weather.
- Trail runners look like buffed up sneakers. They are low-cut and lightweight for use on easy trails.
- Hiking shoes are a combination of boots and trailer runners. They are low-cut like sneakers but made from heavy duty material with thicker soles for all types of hiking. They are sturdier than trail runners but weigh less than boots.
How tightly should hiking boots fit?
Finding the right size of hiking boot is important. Try on hiking boots at the end of the day when your feet have swelled a little bit. Wear hiking socks and insert orthotics if you wear them. Another good measurement is to remove the insole and put your foot on it. There should be a thumbs-length margin between your big toe and the end of the insole.
How do you break in hiking boots?
Breaking in new hiking boots takes time and patience. Many quick fixes circulate on the internet, but the best method is to spend time wearing them. Start inside your house wearing the socks and insoles you would wear on the trail. Tie the boots tightly. Eventually branch out to longer walks around your neighborhood or downtown. Then move out into nature and carry a backpack.
Keep a close eye on any spots that pinch and hurt. There may be a remedy in how the shoes are laced or perhaps the placement of your socks and insoles. Address the problem early so it doesn’t become a more painful issue out in the wilderness.
What to look for in Columbia hiking boots
Material
The three main materials used in Columbia hiking boots are leather, suede and mesh.
- Full-grain leather offers premium water resistance and stands up to scuffing. It is the most rugged materials but also the heaviest and most expensive.
- Suede leather is softer and more versatile. It is a sanded version of young animal skin. It is often combined with nylon or mesh to create more breathability and make the shoe lightweight. It is less water resistant.
- Synthetic mesh is used in some uppers to provide circulation and make the shoe more versatile for multiple terrains.
Traction
Columbia manufactures the Omni-Grip traction system for its outsoles. This blends a strategic lug pattern and rubber compounds for extra stability and grip. It is designed for all terrains and works well on loose dirt, gravel and rocks.
Cushioning
The Tech Lite cushioning used in Columbia’s hiking boots is designed to absorb impact. This creates a high energy return for the feet. Tech Lite is lightweight and the cushioning lasts all day.
Waterproof
All of Columbia’s hiking boots have some level of waterproofing. The bonded construction keeps water from coming in. They also have a breathable membrane that is impenetrable by water. This is ideal for snow and heavy rain.
How much you can expect to spend on Columbia hiking boots
Basic Columbia hiking boots and trail runners for men and women that feature synthetic uppers are priced between $55-$75. But the majority of Columbia hiking boots cost between $75-$100 and feature leather uppers and all the technological advances in the outsole and cushioning. More expensive options begin at $100 and might push $150. The newest models are in this range; hiking boots designed for the roughest terrains are included.
Columbia hiking boots FAQ
Does Columbia make hiking boots for children?
A. Columbia makes several hiking boots for older children. They also have a full line of snow boots for children and toddlers.
What is a gusseted tongue?
A. A gusseted tongue attaches to the show upper along the laces. It creates a solid barrier that keeps rocks and other objects from entering the shoe. This is important on trails with loose dirt and gravel.
What are the best Columbia hiking boots to buy?
Top Columbia hiking boots
Columbia Men’s Newton Ridge Plus II Waterproof Hiking Boot
What you need to know: This all-purpose hiking boot is lightweight but built for the elements with seam-sealed waterproofing.
What you’ll love: The coated leather, suede and mesh upper is designed for protection and comfort. The Tech Lite midsole provides premium cushioning. A non-marking rubber outsole firmly grips the terrain. Each boot weighs under 1 pound.
What you should consider: Hikers with wide feet noted that the shoes feel narrow and tight.
Where to buy: Sold by Amazon, Backcountry, Dick’s Sporting Goods and Kohl’s
Top Columbia hiking boots for the money
Columbia Women’s Crestwood Mid Waterproof Hiking Boot
What you need to know: Designed for wet and muddy trails, this hiking boot features a waterproof bootie and lightweight construction.
What you’ll love: The leather and mesh upper is light on your feet. The Tech Lite midsole delivers superior comfort, and the rubber sole is made for traction on all terrains. The air permeable design keeps the elements out and air flowing inside.
What you should consider: Some hikers ordered a half-size larger to accommodate socks and wide feet.
Where to buy: Sold by Amazon, Backcountry, Dick’s Sporting Goods and Kohl’s
Worth checking out
Columbia Women’s Trailstorm Mid Waterproof Hiking Boot
What you need to know: With an urban style and sturdy outdoor protection, this hiking boot is perfect for the trail or a downtown excursion.
What you’ll love: The mesh upper is flexible and breathable. The Adapt Trax outsole grips tightly on both wet and dry surfaces. A gusseted tongue keeps debris and dirt out of the boot. A molded toe cap offers extra protection.
What you should consider: The laces and zipper on this boot are not waterproof.
Where to buy: Sold by Amazon, Backcountry, Dick’s Sporting Goods and Kohl’s
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/camping-outdoors-br/gear-br/best-columbia-hiking-boots/ | 2022-08-10T18:07:08Z |
HAMILTON, Bermuda, July 27, 2022 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced the planned departure of its current Chief Financial Officer ("CFO") Paul Tivnan and appointment of new CFO Bart Kelleher, effective 28 September 2022.
Anthony Gurnee, the Company's Chief Executive Officer, commented:
"After 12 great years at Ardmore, Paul has decided to leave the company to broaden his experience and pursue further ambitions. Paul has been instrumental to what Ardmore has accomplished, from its start-up in 2010, through its IPO on the NYSE in 2013, to our position as a first-class shipping company today. Most recently he concluded the Element 1 and Maritime Partners transactions in mid-2021 and a complete refinancing of Ardmore's debt on favorable terms. Paul has been a core part of the senior management team and it has been a privilege to work with him over these many years. We wish him the best as he passes the torch and moves on to the next chapter of his career.
At the same time, I am delighted to announce that Bart Kelleher has agreed to join Ardmore as CFO. Bart brings to Ardmore a wealth of experience in shipping and related industries across many functions, including notable financial sector and CFO experience, as well as his expertise in the chemical sector as CEO of Chembulk Tankers. We are confident that he will play a pivotal role in driving Ardmore strategically and financially toward even greater future success.
Paul and Bart will overlap and work closely together from 1st September to achieve an orderly and well-planned transition, including a thorough handover of all internal and external relationships."
Bart Kelleher Biographical Information:
Bart Kelleher has over 25 years of progressive experience in the maritime, finance, energy, and industrials sectors. Most recently, Mr. Kelleher served as Chief Executive Officer of Chembulk Tankers, an owner and operator of stainless-steel chemical tankers, having previously served as both Chief Strategy Officer and Chief Financial Officer of the firm. Prior to that, he was the Chief Operating Officer of Principal Maritime Management which owned and operated a fleet of Suezmax crude carriers and chemical tankers; he also functioned as acting Chief Financial Officer during the company's start-up and initial growth phases. In addition to his executive experience in the maritime energy transportation sector, Mr. Kelleher has held roles in investment banking, commercial banking, equity research, and capital markets in the maritime and energy-related industries at Bear Stearns and HSH Nordbank. Earlier in his career, he served as a deck officer onboard US-flag crude oil tankers and held management positions in both the cruise industry and with a leading naval architecture firm. Mr. Kelleher holds an MBA from Columbia Business School, an MS in Ocean Systems Management from Massachusetts Institute of Technology, and a BE in Naval Architecture from New York Maritime College. Mr. Kelleher serves as an Advisory Board Member to OrbitMI, an innovative technology firm offering advanced AI-based fleet performance management solutions.
About Ardmore Shipping Corporation
Ardmore owns and operates a fleet of MR product and chemical tankers ranging from 25,000 to 50,000 deadweight tonnes. Ardmore provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with its modern, fuel-efficient fleet of mid-size tankers.
Ardmore's core strategy is to continue to develop a modern, high-quality fleet of product and chemical tankers, build key long-term commercial relationships and maintain its cost advantage in assets, operations and overhead, while creating synergies and economies of scale as the company grows. Ardmore provides its services to customers through voyage charters, commercial pools, and time charters, and enjoys close working relationships with key commercial and technical management partners.
Ardmore's Energy Transition Plan ("ETP") focusses on three key areas: transition technologies, transition projects, and sustainable (non-fossil fuel) cargos. The ETP is an extension of Ardmore's strategy, building on its core strengths of tanker chartering, shipping operations, technical and operational fuel efficiency improvements, technical management, construction supervision, project management, investment analysis, and ship finance. Ardmore has established Ardmore Ventures as Ardmore's holding company for existing and future potential investments related to the ETP and completed its first projects under the plan in June 2021.
Investor Relations Enquiries:
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SOURCE Ardmore Shipping Corporation | https://www.kxii.com/prnewswire/2022/07/27/ardmore-shipping-announces-planned-departure-cfo-paul-tivnan-appointment-bart-kelleher-cfo-effective-28-september-2022/ | 2022-07-27T12:35:10Z |
Team OneBlade highlights Philips Norelco OneBlade, the innovative tool that can trim, edge and shave any length of hair so guys look and feel their best
STAMFORD, Conn., June 21, 2022 /PRNewswire/ -- Philips Norelco knows that draft night is among the biggest moments of any top professional basketball prospect's athletic career. All eyes will be focused on the stage as players step to the podium brimming with energy, excitement and confidence that is rooted in years of hard work and dedication to the game. This summer, Philips – a global leader in health technology – is helping rising basketball stars look and feel their best with the launch of "Team OneBlade," a collective of top talent – Paolo Banchero, Jaden Hardy, Chet Holmgren, and Jalen Williams – who use Philips Norelco OneBlade to shape, shave and show up for the moments that matter most.
At the heart of Team OneBlade is Philips Norelco OneBlade, these prospects' go-to grooming tool. OneBlade is as versatile in its abilities, agile in its movement, and smooth in its delivery as the players are on-court.
"Not only do the Team OneBlade players embody superior talent and skill on the court; they're also at the top of their game in grooming and styling" said Rafael Viestel da Silva, Philips Grooming and Beauty Marketing Director. "We know how monumental the draft can be for future stars, and Philips is proud to help Team OneBlade trim, edge and shave so they look and feel their best on draft night and the hardwood."
Team OneBlade Spotlight:
- Paolo Banchero: "I'm grateful for where life has taken me, and excited to enter this next phase of my career. I know my years of preparation on the court will carry me confidently into my professional playing career, and Philips Norelco will help make sure I look my best for draft night."
- Jaden Hardy: "I'm excited for the opportunity to use our collective voice as Team OneBlade to help other guys discover the benefits that looking and feeling your best has on your confidence and ability to feel empowered, for whatever life throws your way."
- Chet Holmgren: "A Twin City kid at heart, I'm so excited to find out where I'll call 'home' in the next chapter. No matter where I land, I know I'll be packing my bags with Philips Norelco OneBlade so that every stop along the way before the season tips off, I feel confident knowing I'm looking my best."
- Jalen Williams: "Starting a new chapter isn't always easy, but navigating the unknown feels exciting. For me, joining Team OneBlade means joining the league with a group of guys who are on the same page as me – driven by confidence we've worked hard to build within ourselves, both on and off the court."
Team OneBlade Preps with a Shave in Brooklyn, Host of the 2022 Draft
Philips Norelco and Team OneBlade are kicking off draft week by coming together for grooming touchups at Smokey Vale, a clothing store, barbershop and community gallery space in Brooklyn (the host of this year's draft). Smokey Vale is a Black-owned small business in the heart of Prospect Heights. Founded and owned by Jamaican-born and long-time Brooklyn resident Paul Howlett, Smokey Vale offers unique clothing, accessories, home goods and even haircuts.
Event attendees will have a chance to socialize with Team OneBlade and sit down with the Smokey Vale barbers for a trim or shave. For media inquiries, please contact the Philips communication team at PhilipsNorelco@accesstheagency.com.
About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and well-being, and enabling better outcomes across the health continuum – from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2021 sales of EUR 17.2 billion and employs approximately 78,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.
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SOURCE Philips Norelco | https://www.wibw.com/prnewswire/2022/06/21/philips-drafts-top-prospects-paolo-banchero-jaden-hardy-chet-holmgren-jalen-williams-team-oneblade-an-exclusive-roster-players-who-look-feel-their-best-off-basketball-court/ | 2022-06-21T13:42:55Z |
NEW YORK, Sept. 2, 2022 /PRNewswire/ -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") announces that it will conduct a conference call to discuss its 2021 fourth-quarter, 2021 full year, 2022 first quarter and second quarter financial results at 8:30 a.m. ET on September 9, 2022. The Company's senior management team will give prepared remarks followed by a question-and-answer session.
Ideanomics is continuing to partner with Say Technologies, a Robinhood Markets company, that has built an innovative communication platform to make it easier for investors to exercise their ownership rights. Starting September 2 at 5:00 PM ET, investors who are holders of Ideanomics stock can submit questions to management. To submit questions, please visit the Say Connect platform here: https://app.saytechnologies.com/ideanomics-2022-q2. Questions can be submitted through 4:00 p.m. ET on September 8, 2022. Time permitting, Ideanomics management will answer questions from qualified investors from the Say platform on the earnings call on September 9, 2022, at 8:30 a.m. ET.
CONFERENCE CALL INFORMATION
Webcast Link:
https://event.choruscall.com/mediaframe/webcast.html?webcastid=7uvVDWR3
Dial-in Number:
(Toll-Free US & Canada): 877-407-3107 or 201-493-6796
A replay of the webcast and earnings materials will be available on the Company's investor relations website: https://investors.ideanomics.com
About Ideanomics
Ideanomics (NASDAQ: IDEX) is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing together vehicles and charging technology with design, implementation, and financial services, we provide solutions needed for the commercial world to commit to an EV future. To keep up with Ideanomics, please follow the company on social @ideanomicshq or visit https://ideanomics.com.
Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of the federal securities laws. All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," or similar expressions, involve known and unknown risks and uncertainties, and include the statement regarding the completion of the business combination within a certain period of time, if ever. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of risks and uncertainties, such as risks related to: our ability to obtain necessary regulatory approvals and other risks and uncertainties disclosed under the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, and similar disclosures in subsequent reports filed with the SEC, which are available on the SEC website at www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
Investor Relations and Media Contact
Ideanomics,Inc.
Tony Sklar, SVP of Investor Relations
1441 Broadway, Suite 5116 New York, NY 10018.
Email: ir@ideanomics.com
Theodore Rolfvondenbaumen
Communications Director
Email: trolfvondenbaumen@ideanomics.com
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SOURCE Ideanomics | https://www.mysuncoast.com/prnewswire/2022/09/02/ideanomics-announces-earnings-conference-call-details/ | 2022-09-02T20:37:35Z |
The Orangutan Project to hold event to raise awareness for Critically Endangered orangutans
NEW YORK, June 30, 2022 /PRNewswire/ -- With just 10 years remaining to save orangutans from Extinction, world-renowned scientist and conservationist Leif Cocks is coming to New York to help raise awareness of the urgent need to protect Critically Endangered orangutans and to share his vision for a future we can believe in.
The visit on Tuesday, July 12 is part of a series of talks that Cocks, founder of conservation organization The Orangutan Project, is giving around the world to bring people together in the common goal of securing a sustainable future for all living beings.
"There are so many reasons to be hopeful – despite being in the midst of an extinction crisis," Cocks says. "The Orangutan Project is at the forefront of action and change, working directly with partners on the ground in Borneo and Sumatra, and guests on Tuesday, July 12 will get a deeper understanding of how protecting rainforests will safeguard wildlife and create a more sustainable world for us all."
During his talk, Cocks will give compelling insight into the fight to safeguard some of our planet's last remaining rainforest ecosystems and how we can collectivize to make meaningful change to secure the future of our planet and all living beings.
"Without urgent intervention, in 10 years, orangutans may be doomed to Extinction," Cocks said. "That's why I'm heading to New York, where I'll share my vision about what people can do, right now, to get involved and make a meaningful difference."
The event, "A future we can believe in with Leif Cocks," is being held on Tuesday, July 12 from 6 p.m. at the 3 West Club, 3 West 51st Street, New York and includes a three-course vegan meal.
Joining Cocks for an extended Q&A is special guest Christen O'Brien - writer, marketing executive, technology entrepreneur, and philanthropist who will share her insights into giving and what inspired her to become an advocate for The Orangutan Project.
The event is being emceed by well-known standup comedian, writer, and host Ophira Eisenberg, who is known for hosting NPR's National Comedy Trivia radio show and podcast Ask Me Another. He has also appeared on TV shows including The Late Late Show, Comedy Central, and The Today Show.
Guests will also be treated to entertainment from New York-based, Australian performer Jennifer Reed, who has numerous theatre credits to her name including Ghost, Thoroughly Modern Millie and Nine.
For more information, or to reserve your ticket, visit www.theorangutanproject.org/newyork
Leif Cocks is the founder of The Orangutan Project, an international charity that has raised over $25 million for orangutan conservation since 1998. Beginning his career as a zookeeper, curator and small population biologist at a zoo, Leif has worked hands on with orangutans for more than 25 years, including establishing the most successful breeding colony of orangutans in the world, facilitating orangutan rescues and successfully reintroducing orangutans to the wild, including the first ever zoo-born orangutan.
Leif is highly regarded as a world-renowned expert on orangutans, publishing several papers in peer-reviewed journals on orangutans and also serving on numerous boards and technical advisory groups. He is the author of a number of books including "Finding Our Humanity" and "Orangutans My Cousins, My Friends." In 2019, Leif was awarded the Order of Australia Medal (OAM) from the Australian Government, and his university's highest award, the John Curtin Medal, for his dedication to species conservation.
The Orangutan Project was established in 1998 with a critical mission; to ensure that Critically Endangered orangutan species are protected against Extinction and will continue to live in viable wild populations for generations to come. Today, The Orangutan Project is a dynamic, fast-growing and successful non-profit organisation that has raised over $25 million to support a wide range of critical projects that address the holistic problem facing fragmented orangutan populations - including fighting deforestation and habitat loss at the highest level. Find out more at www.theorangutanproject.org
For media enquiries, please contact:
Erryn Stephens
Philanthropy & Partnerships Manager
The Orangutan Project
erryn.stephens@orangutan.org.au
MEDIA CONTACT:
Heather Ripley
Orange Orchard
(865) 977-1973
hripley@orangeorchardpr.com
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SOURCE The Orangutan Project | https://www.wibw.com/prnewswire/2022/06/30/world-renowned-orangutan-conservationist-coming-new-york-share-his-vision-future-we-can-believe/ | 2022-06-30T20:11:31Z |
BETHESDA, Md., July 27, 2022 /PRNewswire/ -- Flow Service Partners ("Flow" or the "Company"), a portfolio company of RLJ Equity Partners ("RLJ"), an affiliate of The RLJ Companies, and LP First Capital ("LPFC"), announced today the acquisition R Brooks Mechanical Heating and Air Conditioning ("R Brooks"). This acquisition strengthens Flow's technical capabilities and expands the Company's geographic footprint into Maryland, Pennsylvania, and Delaware. Financial terms of the transaction were not disclosed.
Founded in 2001, R Brooks is a provider of heating, ventilation, and air conditioning ("HVAC") services to commercial, federal, and residential customers. R Brooks is headquartered in Rising Sun, Maryland and recently opened a second location in Kennett Square, Pennsylvania. R Brooks has a strong reputation for quality work, responsiveness, and good customer service, which has resulted in significant repeat business with its customer base.
"Partnering with Flow represents a transformational growth opportunity for R Brooks," said Rich Brooks, President of R Brooks Mechanical Heating and Air Conditioning. "We are thrilled to partner with Flow, RLJ and LPFC and believe that this combination will be highly beneficial to our customers, employees, and communities that we serve."
"The combination of Flow and R Brooks extends our geographic reach into the Mid-Atlantic states and opens up additional organic growth opportunities for the Flow platform," said Michael Epperson, President & CEO of Flow Service Partners.
"R Brooks has a great reputation, particularly for quality work and customer service, which aligns perfectly with our vision for the Flow platform," said Nigel Howard, Managing Director at RLJ Equity Partners. "We are excited about partnering with R Brooks and growing together."
"This partnership will grow our service capabilities and allows us to provide outstanding quality and customer service to existing Flow and R Brooks customers," said Thomas Ince, Managing Director at LP First Capital.
R Brooks represents Flow's fourth acquisition, and the Company intends to continue pursuing additional add-on acquisition opportunities to build servicing scale in HVACR and plumbing as well as expand its geographic footprint, particularly in the Mid-Atlantic and Southeast states.
RLJ provided the controlling equity for the transaction. Fifth Third Bank, NA and Brookside Capital Partners provided the transaction debt and equity co-investment to help facilitate the transaction. DLA Piper LLP served as legal advisor and LBMC served as financial advisor. eMerge M&A served as the sell-side advisor to R Brooks.
About RLJ Equity Partners ("RLJ"): Headquartered in Bethesda, MD, RLJ Equity Partners is a middle-market private equity firm with approximately $440 million in capital under management focused on generating long-term capital appreciation by investing in profitable and growing businesses led by strong management teams. Founded in 2006 by Robert L. Johnson, RLJ originates and invests in traditional buyouts and leveraged recapitalizations. RLJ Equity Partners is a portfolio company of The RLJ Companies. For more information, please visit www.rljequitypartners.com.
About The RLJ Companies: Founded by Robert L. Johnson and headquartered in Bethesda, MD, The RLJ Companies is an innovative business network that provides strategic investments to a diverse portfolio of companies in the media and entertainment, financial services, real estate, hospitality, and gaming industries. Prior to founding The RLJ Companies, Johnson founded Black Entertainment Television. For more information visit: www.rljcompanies.com.
About LP First Capital ("LPFC"): Headquartered in Austin, TX, LP First Capital is a lower middle-market private equity firm focused on the healthcare, business services and education industries. LPFC specializes in growth capital, platform roll-ups, buyouts, and recapitalizations. LPFC's sweet spot is to partner with founder-led or family businesses and help them scale to the next level by providing industry operational expertise and the right capital structure. For more information, please visit www.lpfirstcapital.com.
About Flow Service Partners ("Flow"): Headquartered in Nashville, TN, is a provider of heating, ventilation, air conditioning, and refrigeration ("HVACR") and plumbing services, including maintenance, repair, replacement/retrofit and installation services. Through its partners, Flow currently operates in Delaware, Florida, Indiana, Kentucky, Maryland, and Pennsylvania and has approximately 325 employees. For more information, please visit www.flowservice.com.
FOR MORE INFORMATION:
RLJ EQUITY PARTNERS
Nigel Howard, Managing Director, (240) 744-7835, nhoward@rljequity.com
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SOURCE RLJ Equity Partners, LLC | https://www.mysuncoast.com/prnewswire/2022/07/27/flow-service-partners-portfolio-company-rlj-equity-partners-lp-first-capital-acquires-r-brooks-mechanical-heating-air-conditioning/ | 2022-07-27T15:20:41Z |
HOUSTON, July 13, 2022 /PRNewswire/ -- RockStep Capital is proud to announce its organizational rebranding and repositioning of its investment strategy to include larger metropolitan markets.
Over the last 25 years, RockStep has built or acquired over 9 million square feet of malls and shopping centers, and currently has more than 7.5 million square feet of assets in its portfolio. With more investment properties on its radar, the company decided that now is the time to realign its brand identity with the path of growth they're already pursuing.
RockStep plans to partner with institutional investors to facilitate a move into larger market areas by continuing innovation and leveraging past successes—while retaining key elements that separate them from competitors. Inspired by an authentic heritage and a retailer's perspective, RockStep has the expertise and know-how to create modern, engaging community-centric destinations for generations to come.
As an investment firm, RockStep is performance-driven, growth-oriented and values-focused. Their acquisition decisions will be built upon those pillars, influencing their relationships with investors and tenants alike. RockStep is deeply committed to The RockStep Way, an industry-leading set of 25 principles that guide the company's operations and culture, day in and day out.
To learn more about RockStep Capital, and to receive insights on retail revitalization strategies and company investments, please visit www.rockstep.com and follow the company on LinkedIn at www.linkedin.com/company/rockstep-capital/.
RockStep Capital is a privately held, full-service, vertically integrated real estate investment firm that owns and manages enclosed malls, open-air shopping centers and institutional third-party retail assets. We acquire and develop underperforming assets into relevant and vital properties. www.rockstep.com
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SOURCE RockStep Capital | https://www.kxii.com/prnewswire/2022/07/13/rockstep-capital-unveils-new-brand-identity-investment-strategy/ | 2022-07-13T16:09:53Z |
The Development of Cortex's New Advisory Board Demonstrates Growing Industry Investment in Building Decarbonization
NASHVILLE, Tenn., April 27, 2022 /PRNewswire/ -- Cortex Sustainability Intelligence has announced the launch of their formal Advisory Board composed of high-profile commercial real estate experts. Demonstrating an ever-deepening industry-wide commitment to building decarbonization, the advisory board will provide Cortex with ongoing insight, guidance, and recommendations for furthering their mission of solving one of the most pressing and complex problems the industry has faced: decarbonization.
With industry leaders from organizations like Cushman & Wakefield (C&W), JLL, and Empire State Realty Trust (ESRT), each member offers a unique perspective on the commercial real estate industry, enabling Cortex to develop and evolve current and future product offerings in the most impactful way possible.
Featuring Nick Bienstock, Co-Managing Partner of Savanna Fund, as the Chair of the Advisory Board, additional members include: Managing Partner of Vanbarton, Richard Coles; Chair of C&W Capital Markets, Adam Spies; Vice Chairman of JLL, Mitch Konsker; Managing Partner of Raith, Bill Landis; CEO of the Ad Hoc Group, Jim Kapsis; and the Board's technical advisor, SVP and Director of Energy, Sustainability & ESG at ESRT, Dana Schneider.
CRE Industry Deepens Commitment to Building Decarbonization
With industry leaders increasing their prioritization of sustainability, ESG strategy can no longer be a twice a year conversation. As a way to push the CRE industry forward in decarbonization and to follow their own company's mission, Cortex's Advisory Board meets in person regularly to discuss and collaborate on the most pressing issues.
The perspective each person brings actively shapes the Cortex product as they strive to create the most comprehensive and useful tool for improving ESG. With the natural complexity of building decarbonization, this type of deep collaboration will only become increasingly vital.
"The industry is at a crossroads; we either prioritize decarbonization now, or we will be unable to to avoid the permanent and detrimental effects to the planet," says CEO of Cortex, Bryan Bennett. "Our advisory board recognizes the importance of utilizing a decarbonization solution that helps save the planet while staying financially and strategically lucrative to the industry. We are thrilled to have such experienced industry leaders collaborate and commit themselves to join us in growing our solution."
To learn more about the Cortex Advisory Board, please visit https://get.cortexintel.com/advisory-board/.
About Cortex Sustainability Intelligence:
Cortex Sustainability Intelligence's machine learning platform enables CRE professionals to decarbonize their office buildings while improving GRESB scores, reducing operating expenses, and increasing asset value without the need to invest in new, costly equipment or hardware. To learn more about Cortex or to get a custom decarbonization plan for your portfolio, please visit: www.cortexintel.com
For more information, please contact Victoria O'Campo at victoria@cortexintel.com. Select board members available upon request.
Victoria O'Campo
Cortex Sustainability Intelligence
Content Marketing Manager
victoria@cortexintel.com
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SOURCE Cortex Sustainability Intelligence | https://www.kxii.com/prnewswire/2022/04/27/cortex-sustainability-intelligence-announces-new-advisory-board-commercial-real-estate-experts/ | 2022-04-27T14:53:16Z |
NEW YORK (AP) — Network TV’s fondness for reality fare and reboots combine in “The Real Love Boat,” a sea-going dating show that’s part of the CBS fall schedule announced Wednesday.
Described as a “romance adventure competition,” the series credits as its inspiration the popular and kitschy comedy-drama “The Love Boat,” which aired from 1977-86 on ABC. “The Real Love Boat” will follow returning shows “Survivor” and “The Amazing Race” on Wednesday, a rare all-reality night for CBS.
With so much programming available to viewers, “flow is important, lead-ins are important, compatible programming is important,” said Kelly Kahl, CBS Entertainment president. “This looked like a real good bet to us. It also looks like a real competitive kind of counter-programming move.”
By contrast, network rivals NBC and ABC have stocked their Wednesday lineups with comedies and dramas. There’s more to guard against than just other broadcasters, given the rise of streaming services with splashy shows and on-demand convenience.
That’s prompted growing broadcast reliance on fare known to viewers, including spinoffs and reboots. But CBS, which leans on the scripted “NCIS” and “FBI” franchises, is also placing bets on a trio of unpedigreed new dramas this fall.
“East New York” stars Amanda Warren as the newly promoted head of a police precinct in the working-class neighborhood where she has roots. Jimmy Smits co-stars. “Fire Country” follows young convict (Max Thieriot, “Seal Team”) who joins a California prison-release firefighting program for a second chance.
The other scripted addition, “So Help Me Todd,” is described as a “humorous legal drama.” Oscar-winner Marcia Gay Harden (“Pollock”) stars as a successful attorney who hires her less-driven son, a private detective played by Skylar Astin, to work for her law firm.
The shows canceled by CBS are “Magnum P.I.”; “United States of Al”; “B Positive”; “Good Sam” and “How We Roll.”
The network and its Paramount Global siblings, including Paramount+, presented their wares to advertisers in New York on Wednesday. The streaming service announced that “Tulsa King,” starring Sylvester Stallone as a mobster exiled to Oklahoma, will debut Nov. 13.
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Media Writer David Bauder reported from New York and Television Writer Lynn Elber reported from Los Angeles. | https://cw33.com/entertainment-news/ap-entertainment/the-real-love-boat-dating-show-to-sail-on-cbs-fall-lineup/ | 2022-05-19T08:44:24Z |
NORRISTOWN, Pa., May 2, 2022 /PRNewswire/ -- In an effort to support Mental Health Awareness Month this May, Crazy Aaron's, the creator of the award-winning Thinking Putty®, is donating special edition Thinking Putty® Care Packages to local Montgomery County therapist offices and mental health non-profit organizations that serve the community. This is part of a greater social initiative for Crazy Aaron's, who recently donated product sales in support of the humanitarian crisis in Ukraine and currently employs adults with special needs.
"Supporting mental health is the human equivalent to supporting infrastructure like roads and bridges. Without it, human potential is limited. With a solid foundation, your potential is infinite," says Founder and Executive Chairman Aaron Muderick.
Thinking Putty is perfect for people of all ages combatting stress and anxiety, as it provides a fun, tactile sensory experience that can help to ease anxiety, soothe fears, and even change our mood.
Jenna Giagnacova, MS, LPC, Conshohocken Counseling Services adds "Crazy Aaron's Thinking Putty has been a wonderful tool for our clients, particularly those who struggle with inattention/hyperactivity or anxiety. I even have clients who will bring their own Thinking Putty to my office because they know that having something to fidget with or to physically focus on will help them concentrate better and stay mentally present! One great thing about Thinking Putty over some other fidget toys is that it is a silent support, which means it creates less of a distraction to our work."
Crazy Aaron's has an extensive line of Thinking Putty that ranges from tactile play to scent-based putty with many to choose from.
Muderick concludes, "At Crazy Aaron's we are very lucky to create products that can offer positive mental health benefits to children and adults. Part of our mission manufacturing is to support local and help build up our community."
About Crazy Aaron's:
A world leader and innovative company in creative play, Crazy Aaron's has been making genuine Thinking Putty® since 1998. Founder, Crazy Aaron, has continued to trailblaze within the toy industry by establishing new product lines and brands to inspire curiosity and wonder to people of all ages! All Crazy Aaron's products are made with safe, nontoxic, top-quality materials and ingredients right on Main Street, USA in Norristown, PA.
To learn more visit www.crazyaarons.com or follow us on social media @thinkingputty and @landofdough.
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SOURCE Crazy Aaron's | https://www.wibw.com/prnewswire/2022/05/03/crazy-aarons-supports-mental-health-awareness-month-with-special-donation/ | 2022-05-03T07:26:03Z |
RIYADH, Saudi Arabia, Sept. 18, 2022 /PRNewswire/ -- A group of AI graduate students in several prestigious international universities concluded their participation in the second edition of the Global Summit on Artificial Intelligence, which concluded yesterday in Riyadh and visited Masmak Palace in the center of Riyadh to be briefed on the history of the capital.
The students represented six countries joined by several Saudi scholarship students in the same specialization. Their participation came within the knowledge exchange initiative launched by "SDAIA" and hosted 19 male and female students of different nationalities including the US, the UK, India, Jordan, Algeria, South Korea, and Nigeria, who study at prestigious international universities and institutes, including the Sorbonne University in Paris, Oxford University, University College London, Durham University, Nottingham University, Sussex University in the UK, the Massachusetts Institute of Technology in the USA, and King's College London.
Through this initiative, SDAIA aimed to attract global capabilities in artificial intelligence and to enhance the role of distinguished youth based on the Kingdom's Vision 2030, and its aspirations to enable them to lead the future of artificial intelligence in the Kingdom, the region, and the world.
On this occasion, SDAIA President, Dr. Abdullah Al-Ghamdi explained that the knowledge exchange initiative was designed to achieve several benefits, including engaging visiting students in knowledge exchange dialogues to explore opportunities for future cooperation, and introducing them to the Kingdom's efforts in pioneering the data and artificial intelligence and the future of the sector during a journey that Saudi students will lead with their peers from international universities.
He stressed that "SDAIA" aims through the initiative to build qualitative partnerships that support its efforts in data and artificial intelligence and help attract global capabilities that achieve qualitative addition to the Kingdom, adding that the initiative contributes to activating the distinguished role of Saudi youth and engaging them in a real dialogue that develops their leadership spirit and shows their knowledge capabilities. Al-Ghamdi said that this will enhance the Kingdom's position in data and artificial intelligence, noting that the initiative provides the opportunity to exchange knowledge and explore opportunities for future cooperation through a constructive dialogue that brings together Saudi youth and foreign graduate students.
Photo - https://mma.prnewswire.com/media/1901312/SDAIA.jpg
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SOURCE SDAIA | https://www.wibw.com/prnewswire/2022/09/18/international-students-conclude-their-participation-global-ai-summit-attract-global-capabilities/ | 2022-09-18T19:25:45Z |
DENVER (AP) — To win the Stanley Cup each of the past two years, the Tampa Bay Lightning had to go through the stingy New York Islanders, defending Dallas Stars and Montreal Canadiens backstopped by goaltender Carey Price.
To hoist it a third consecutive time, they’ll need to stop or at least slow down the highest scoring team in the playoffs. The Colorado Avalanche present a unique challenge for the Lightning, but they already got past the offensively potent Toronto Maple Leafs and Florida Panthers to reach the Cup final.
“It’s funny how it works out that way, but the guys have found a way and we’ve just had to adapt our game and find ways to beat teams,” coach Jon Cooper said. “You have to play the game different ways at times. We have a belief in how we play, we have a system and we trust what we do, but you do have to tinker with it a little bit to combat especially these high-octane teams.”
The Lightning in years past were that high-octane team, able to score virtually at will. Getting swept in the first round in 2019 after steamrolling the rest of the NHL in the regular season made them change their approach.
Tampa Bay’s 2.41 goals against this postseason is the lowest of any team that made it past the first round. Goaltender Andrei Vasilevskiy is a big part of that, but it’s a concerted effort by the entire team to lock things down.
“We have enough skill and talent to score offensively, but we focus on our defensive game,” winger Alex Killorn said. “If we don’t let them score, we win 2-1, we’re happy with that. We don’t got to win by six goals or whatever it may be.”
Here’s a look at how things stack up in the Stanley Cup Final, which begins Wednesday night at Colorado:
CONTAINING SKILL
There’s no shortage of high-end talent in this series. The Avalanche have Nathan MacKinnon, Mikko Rantanen and Gabriel Landeskog up front and playoff MVP frontrunner Cale Makar on defense, while the Lightning feature Nikita Kucherov, Victor Hedman and Steven Stamkos and could be getting first-line center Brayden Point back from injury.
Tampa Bay’s recipe for containing talented opponents starts with shutdown center Anthony Cirelli and his linemates, who could find themselves matched up against MacKinnon and Rantanen.
“We just have to try to play with our strength and try to find a way to get a couple goals there and also defend well because they can score, obviously, too, Rantanen said.
PLAYERS TO WATCH
The series features two Norris Trophy finalists for the league’s top defenseman in Hedman and Makar. And each one dominates the ice in a different way.
Hedman, a 6-foot-6 Swede, won the Conn Smythe as playoff MVP in 2020 for how much of the game he controlled and the number of goals he helped create. He can do everything,” Makar said.
Makar is a dynamic puck mover and smooth skater who can make almost anything happen by himself.
“He’s got a great wrist shot, runs the power play and his edge work is phenomenal,” Hedman said. “He can change directions very quickly, so obviously two different type of players, I would say, him and me, but I don’t think any one of us is looking at that battle. It’s a team game and I’m sure both of us are going to do whatever it takes for our team to be successful.”
DIFFERENT PATHS
The Avalanche swept Nashville in the first round, then dispatched St. Louis in six and swept Edmonton in the Western Conference final. The Lightning went the distance to beat Toronto in seven, swept Florida and came back from a 2-0 deficit to knock off the New York Rangers in six.
Colorado is going more than a week between games, while Tampa Bay is coming off the Rangers series that ended Saturday night. MacKinnon said he and his teammates are excited to play with some fresh legs and confidence.
“We have our keys of why we’re here,” he said. “It’s not an accident. We didn’t just get a bunch of good bounces and win. We’ve been playing really well and earning all the victories we have, and we’ve earned our rest and we’re excited.”
___
Follow AP Hockey Writer Stephen Whyno on Twitter at https://twitter.com/SWhyno
___
More AP NHL: https://apnews.com/hub/NHL and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/stanley-cup-final-pits-lightning-vs-high-scoring-avalanche/ | 2022-06-15T16:00:06Z |
As R. Kelly faces decades in prison for sex trafficking charges, newly unsealed court documents reveal graphic details about the R&B singer's own childhood abuse, which his attorneys hope will convince a judge to give him a more lenient sentence.
Prosecutors have recommended that Kelly be sentenced to more than 25 years in prison, arguing that the seriousness of the crimes he was convicted of call for "the need to protect the public from further crimes."
Kelly was convicted of nine counts including racketeering and sex trafficking charges after a five-week federal trial in Brooklyn that included testimony from multiple witnesses who say they were sexually and physically abused by Kelly. The trial also included testimony from multiple people involved with orchestrating Kelly's 1994 marriage to the late singer Aaliyah when she was just 15 years old and he was an adult after she believed she'd gotten pregnant.
Prosecutors said Kelly used his status as a celebrity and "a network of people at his disposal to target girls, boys and young women for his own sexual gratification."
Defense attorneys argued Kelly should be sentenced to 10 years or less, saying any more than that would be "greater than necessary."
Kelly is being held at a federal detention facility in Brooklyn, and once sentenced, is expected to be moved back to Chicago where he faces another federal trial in August for child pornography and obstruction charges.
Childhood trauma
In over 14 hours of interviews with psychiatrist experts, Kelly said his closest relationship growing up was with his mother. His earliest memories were watching his mom perform as a singer in a band called "Six Pack," and he would often accompany her to McDonald's where she would drink coffee and they would share a pastry. He had never met his father and described his mother's death as the most tragic event of his life, saying he would go to McDonald's frequently to smell the coffee and remember her, according to a letter filed by Renee Sorrentino, a clinical assistant professor at Harvard Medical School.
"To me, the 'M' stands for mom. Going to McDonald's is always being around my mother," Kelly said.
But his childhood was also marked by trauma.
Kelly saw a childhood sweetheart drown when he was a little boy. And multiple people interviewed by psychiatrist experts say Kelly was repeatedly sexually abused beginning when he was a six or seven-year-old boy, his attorney wrote, saying he was abused by his older sister and also a landlord, at times on a "weekly basis."
Sorrentino said in her letter that Kelly's childhood sexual abuse may have contributed to his "hypersexuality," or difficulty controlling sexual urges, and believes it was a factor in his criminal convictions.
While Kelly was convicted of sexual exploitation of a child, Sorrentino said she refused to diagnose Kelly with pedophilia because he told her his "sexual behavior has never involved prepubescent individuals."
'Tantamount to a life sentence'
In the nine months since his conviction, Kelly has replaced his entire legal team with Jennifer Bonjean and her firm, the attorney who helped Bill Cosby overturn his sexual assault conviction, and most recently, represented Cosby in a civil case that he lost at trial earlier this month.
Prosecutors have argued that Kelly "preyed upon children and young women for his own sexual gratification" for nearly 30 years with the help of his inner circle and that he must now be held accountable.
Bonjean writes that prosecutor's request to jail the singer for more than 25 years would be "tantamount to a life sentence" for the 55-year-old singer.
CNN legal analyst Elie Honig, a former federal prosecutor who has prosecuted cases using both the racketeering and Mann Act laws that Kelly was convicted of, said the judge will have broad discretion to impose a sentence she feels is appropriate.
"Typically after a trial, it's tougher for a defendant to get his recommended sentencing range," Honig said. "Now the judge has seen all the evidence against the defendant, has heard from victims and that tends to drive the penalty up."
Prosecutors faced threats
The weekend before Kelly's sentencing, a Chicago man named Christopher Gunn who had attended Kelly's trial in Brooklyn was arrested and charged for making threats against the three US attorneys who prosecuted Kelly in New York, according to a copy of his arrest warrant.
Gunn was arrested Saturday for allegedly posting threats to kill or seriously injure the three female prosecutors. According to the arrest warrant, Gunn posted video to his YouTube channel in October, shortly after Kelly was found guilty, that showed an image of the US Attorney's Office for the Eastern District of New York where the women work. Prosecutors believe a voice narrating the video is Gunn's, and he says, "That's where they at. That's where they work at ... We're going to storm the office," saying each of the three prosecutors' names.
"If you ain't got the stomach for the sh*t we 'bout to do, I'm asking that you just bail out," he allegedly said in the video.
Prosecutors also said they analyzed a CashApp account linked to Gunn that shows multiple transactions from February 26, 2021 to June 1 that they said indicate Gunn "engaged in the sale of firearm ammunition in relation to the Kelly matter." Transactions included payments for $20 dollars with descriptions saying "30 rounds.. free R kelly." CNN has reached out to an attorney for Kelly for comment.
Prosecutors believe Gunn was planning to attend Kelly's sentencing on Wednesday after he posted another video saying he had a "spot" for supporters to meet up near the courthouse.
CNN has reached out to an attorney for Gunn for comment. He is expected to have a detention hearing on Wednesday.
Support for the singer
Among the letters asking for a lower sentence for Kelly is one written by Diana Copeland, Kelly's former assistant who testified as a government witness and also wrote a letter in support of Kelly saying she did so because it was the "right thing to do."
"God doesn't want us to throw humans away," Copeland wrote. "If we have the audacity to care for the perpetrators as well as the victims, we can all rise."
Joycelyn Savage, who was considered a victim of Kelly's by prosecutors, remains a supporter.
"Robert and I are deeply in love and it breaks my heart that the government has created a narrative that I'm a victim," Savage wrote. "I'm a grown woman, and can speak for myself which is why I wanted to provide this letter to the court."
In her letter, Savage revealed that she is now engaged to Kelly.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/r-kelly-to-be-sentenced-on-racketeering-sex-trafficking-charges/article_85107110-595b-5fbb-8cfb-06b8d92f9035.html | 2022-06-29T06:20:43Z |
SAN DIEGO, Aug. 4, 2022 /PRNewswire/ -- Regulus Therapeutics Inc. (Nasdaq: RGLS), a biopharmaceutical company focused on the discovery and development of innovative medicines targeting microRNAs (the "Company" or "Regulus"), today announced that it will report its second quarter 2022 financial results on Thursday, August 11, 2022, after the U.S. financial markets close.
In connection with the earnings release, Regulus' management team will host a live conference call and webcast on the same day at 5:00 PM ET, to discuss the Company's financial results and provide a corporate update. To access the call, please dial (866) 652-5200 (domestic) or (412) 317-6060 and use the conference ID 10168242. To access the telephone replay of the call, dial (877) 344-7529 (domestic) or (412) 317-0088 and refer to the entry replay code 5578933. The webcast and telephone replay will be archived on the Company's website at www.regulusrx.com following the call.
Regulus Therapeutics Inc. (Nasdaq: RGLS) is a biopharmaceutical company focused on the discovery and development of innovative medicines targeting microRNAs. Regulus has leveraged its oligonucleotide drug discovery and development expertise to develop a pipeline complemented by a rich intellectual property estate in the microRNA field. Regulus maintains its corporate headquarters in San Diego, CA.
Statements contained in this presentation regarding matters that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements associated with the Company's RGLS8429 program, including the expected timing for initiating clinical studies, the expected timing for reporting topline data, and the timing and future occurrence of other preclinical and clinical activities. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as "believes," "anticipates," "plans," "expects," "intends," "will," "goal," "potential" and similar expressions are intended to identify
forward-looking statements. These forward-looking statements are based upon Regulus' current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, risks associated with the process of discovering, developing and commercializing drugs that are safe and
effective for use as human therapeutics and in the endeavor of building a business around such drugs, and the risk additional toxicology data may be negative. In addition, while Regulus expects the COVID-19 pandemic to adversely affect its business operations and financial results, the extent of the impact on Regulus' ability to achieve its preclinical and clinical development objectives and the value of and market for its common stock, will depend on future developments that are highly uncertain and
cannot be predicted with confidence at this time, such as the ultimate duration of the pandemic, travel restrictions, quarantines, social distancing and business closure requirements in the U.S. and in other countries, and the effectiveness of actions taken globally to contain and treat the disease. These and other risks are described in additional detail in Regulus' filings with the Securities and Exchange Commission, including under the "Risk Factors" heading of Regulus most recently quarterly report on
Form 10-Q. All forward-looking statements contained in this press release speak only as of the date on which they were made. Regulus undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.
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SOURCE Regulus Therapeutics Inc. | https://www.kxii.com/prnewswire/2022/08/04/regulus-therapeutics-announces-timing-second-quarter-2022-financial-results-webcast-conference-call/ | 2022-08-04T12:43:29Z |
SHANGHAI, July 10, 2022 /PRNewswire/ -- Qiming Venture Partners announced today the closing of its latest funds totaling US$3.2 billion, including USD Fund VIII at US$2.5 billion and the first closing of RMB Fund VII at RMB 4.7 billion (or US$ 700 million).
As in prior funds, Fund VIII was oversubscribed and reached its hard cap for limited partner commitments. This increases the firm's capital raised to $9.4 billion across 18 funds.
Committed capital includes the Qiming Venture Partners Fund VIII main fund that focuses on early and growth stage Technology and Consumer (T&C) and Healthcare investments and the Qiming Venture Partners Fund VIII-HC parallel healthcare fund that invests alongside the main fund (collectively "Fund VIII").
Fund VIII is led by Managing Partners Duane Kuang, Nisa Leung, William Hu, and Gary Rieschel, with full support of investment and administration teams based in Shanghai, Beijing, Shenzhen, and Hong Kong.
Since its inception in 2006, Qiming has demonstrated its ability to deliver consistently strong venture capital returns in China. Qiming has backed over 480 fast-growing companies, over 70 of which have achieved unicorn status. A vast majority of these companies were early stage at the time of initial investment. In addition, over 180 of our portfolio companies have achieved exits through IPO, M&A or other means, including Xiaomi, Gan & Lee Pharmaceuticals, Tigermed, Zai Lab, CanSino Biologics, APT Medical, Meituan, Bilibili and Roborock.
About Qiming Venture Partners
Founded in 2006, Qiming Venture Partners is a leading China venture capital firm with offices in Shanghai, Beijing, Suzhou, Hong Kong, Seattle, Boston and the San Francisco Bay Area.
Currently, Qiming Venture Partners manages eleven US Dollar funds and seven RMB funds with $9.4 billion in capital raised. Since our establishment, we have invested in outstanding companies in the Technology and Consumer (T&C) and Healthcare industries at the early and growth stages.
Since our debut, we have backed over 480 fast-growing and innovative companies. Over 180 of our portfolio companies have achieved exits through IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange or Shenzhen Stock Exchange, or through M&A or by other means. There are also over 70 portfolio companies that have achieved unicorn status.
Many of our portfolio companies are today's most influential firms in their respective sectors, including Xiaomi (SEHK:1810), Meituan (SEHK:3690), Bilibili (NASDAQ:BILI, SEHK:9626), Zhihu (NYSE: ZH, SEHK: 2390), Roborock (SHSE:688169), Gan & Lee Pharmaceuticals (SHSE: 603087), Tigermed (SZSE:300347, SEHK:3347), Zai Lab (NASDAQ:ZLAB, SEHK:9688), CanSino Biologics (SEHK:6185, SHSE:688185), Schrödinger (NASDAQ:SDGR), APT Medical (SHSE:688617), New Horizon Health (SEHK:6606), Venus MedTech (SEHK:2500), Sanyou Medical (SHSE:688085), AmoyDx (SZSE:300685), Berry Genomics (SZSE:000710), SinocellTech (SHSE: 688520), Yuanxin Technology, dMed-Clinipace, Belief BioMed, WeRide, Biren Technology and UBTech among many others.
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SOURCE Qiming Venture Partners | https://www.mysuncoast.com/prnewswire/2022/07/11/qiming-venture-partners-announces-closing-funds-totaling-us32-billion/ | 2022-07-11T06:17:58Z |
PITTSBURGH, July 13, 2022 /PRNewswire/ -- "I would put dishes in the microwave and sometimes they would get overheated," said the inventor from New York, N.Y. "I wanted to create an appliance that would be able to heat items but also cool it down if it is overheated."
He invented QUICKY that includes a cooling fan inside of a microwave oven. This could help enable overheated dished to be cooled if overheated. This appliance could help further reduce the length of time required for them to be ready for consumption. Additionally, this automatic cooking system would be convenient to use and could make it easier to properly cook food.
The original design was submitted to the St. Louis sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-SUU-120, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com.
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SOURCE InventHelp | https://www.wibw.com/prnewswire/2022/07/13/inventhelp-presents-innovative-cooling-microwave-suu-120/ | 2022-07-13T17:08:17Z |
FORT LAUDERDALE, Fla., June 3, 2022 /PRNewswire/ -- Better Planet Brands, LLC d/b/a ACURE, a well-established brand in the natural clean beauty industry within the United States, today announced that Carina Breda has been named as Chief Executive Officer and will assume day-to-day leadership of the Company. Jon Guerra, who founded ACURE along with his wife Kristy, will step down from his current role as CEO and focus his energy on new product development, an area where the ACURE brand has been a consistent leader and innovator within the clean beauty industry.
Breda has more than 25 years of senior management experience within the global beauty industry, most recently as Senior Vice President of Global Marketing at BWX Limited. Prior to that, Breda served in several senior marketing roles for a number of companies that included Revlon, Orly International and Wella.
"Carina is the right leader for ACURE at this time," said Jon Guerra. "Her extensive marketing background within the beauty industry is exactly what the ACURE brand needs to take it to the next level in terms of consumer awareness and the clear communication of our clean beauty value proposition as we continue to grow beyond the founder phase"
"ACURE has always been a pioneer in the Natural Channel and I am excited to grow the brand further alongside Jon." said Carina Breda. "With its rich heritage and focus on innovation ACURE truly deserves to be one of the best distributed brands to be accessible for a broader audience. ACURE for your skin - ACURE for the planet."
ACURE's mission is to deliver eco-friendly skin wellness through clean, clinical ingredients in better-for-you-bases. Our products always uplift, for skin and hair that performs at its absolute best and a planet that flourishes. ACURE products for skin, hair and body are distributed nationally through many prominent retailers, both in-store and on-line.
Media Contact:
Kristen Underwood
(919) 500-3059
kristen@acure.com
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SOURCE ACURE | https://www.kxii.com/prnewswire/2022/06/03/acure-appoints-carina-breda-chief-executive-officer/ | 2022-06-03T14:46:27Z |
LAS VEGAS, June 15, 2022 /PRNewswire/ -- McCann Systems, leaders in collaboration and experiential AV technology, are pleased to be featured on the June cover of Commercial Integrator, the business book for technology professionals.
McCann worked with Dan Ferrisi, Editor in Chief of the publication, who "unwinds the integrator's unique DNA" in the featured story. The digital version of the issue went live while McCann and 20,000+ other AV professionals were on the show floor at InfoComm 2022, located in the North and new West Hall of the LVCC.
In a two-hour exclusive interview with Frank McCann, Founder, Tom Treichel, President and COO, and Josh Bittner, SVP of Sales and Marketing, Ferrisi discovered the unique road McCann Systems took to become the technical powerhouse it is today. The story also features the remarkable retention and expansion Frank McCann implemented during the COVID-19 pandemic. "It was time for the company to step up to the plate and support the staff," McCann declares matter-of-factly.
The cover story (https://bit.ly/McCann_CI) also explores the exceptional relationship McCann Systems builds with legacy clients, prospective customers, current vendors, and skilled employees- proudly the most industry-credentialed in audiovisual technology. Bittner describes this thread that runs through McCann in four simple words: take the pain away. AV customers have many stressors, and the entire team at McCann works to alleviate these. "We have embraced our staff's ability to lead," Treichel says. "We developed a self-managed workgroup that allows autonomy."
After recently opening offices in Buffalo, New York, and Stewart, Florida, it is clear that the inversion of authority works- from the executive team to accounting and logistics. This expansion was also evident at InfoComm 2022: McCann had over thirty team members on the show floor ready to greet customers, vendors, and each other in person for the first time since 2019. Other folks, for the first time, as McCann added over forty new faces in 2020-22 alone. With the hires, McCann Systems has over 30% of its staff focused on Managed Services, doubling-down on customer success and rapport.
McCann Systems, founded in 1996, was established to design, integrate, and elevate innovative audiovisual technologies and communications solutions for companies worldwide. In-house AVIXA CTS experts create a strong national footprint with a global reach, spanning North America with regional design and service offices. Connect with us on LinkedIn, Twitter, Facebook, and Instagram.
Contact:
Matt Wilson
Director of Marketing
mwilson@mccannsystems.com
980-258-2390
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SOURCE McCann Systems | https://www.wibw.com/prnewswire/2022/06/15/mccann-featured-commercial-integrator-infocomm-edition-earns-cover-spot/ | 2022-06-15T22:55:13Z |
AUSTIN, Texas (AP) — Forty years after the U.S. Supreme Court upheld the right to a public education for all students regardless of legal status, Texas Gov. Greg Abbott says that decision is another longstanding precedent worth challenging.
The Republican is raising the idea of Texas mounting a renewed challenge over school funding for children living in the U.S. without legal authorization. It comes as the Supreme Court’s conservative majority appears ready to overturn another decades-old ruling, Roe v. Wade, which guaranteed the right to an abortion nearly 50 years ago.
The comments by Abbott, who is running for a third term in November and has elevated his national profile over the past year through hardline immigration measures, drew swift criticism from immigration rights groups and the White House.
Here’s what to know:
WHAT WOULD TEXAS CHALLENGE?
The requirement that public schools teach all children was affirmed by a 1982 ruling in a case known as Plyler v. Doe. The 5-4 decision struck down a Texas law that sought to deny enrollment to any student not “legally admitted” into the country.
The ruling held that the Texas law violated the Constitution’s Equal Protection Clause. It is considered by legal experts to be a landmark case over public education.
Advocates for strict immigration limits have previously sought ways to weaken the decision. One of the more prominent tests came when California voters in 1994 approved Proposition 187, which prohibited immigrants in the country without legal authorization from receiving public health care, education or other social services. The law was overturned.
“What the court recognized in Plyler is that you’re creating a shadow population,” said Geoffrey Hoffman, director of the Immigration Clinic at the University of Houston Law Center. “In other words, these children, there’ll be repercussions throughout their lives if they don’t get an education.”
WHAT DID ABBOTT SAY?
Texas Republicans have moved increasingly to the right during Abbott’s seven years in office, particularly over immigration and border security, which Abbott has made the cornerstone of his administration.
One law Abbott signed in 2017 lets police ask during routine stops whether someone is in the U.S. legally. More recently, Abbott has spent billions of dollars on a sweeping border security mission called Operation Lone Star, which has resulted in state troopers arresting migrants on trespassing charges and thousands of National Guard members stationed on the border.
On Wednesday, a conservative talk radio host asked Abbott what he could do about the costs of educating children living in the U.S. without legal authorization, describing it as a burden on local districts. It is unclear how many such students there are or the costs, as Texas does not track citizenship in classrooms.
Abbott pointed to the Plyer decision in his answer.
“I think we will resurrect that case and challenge this issue again,” Abbott said. “Because the expenses are extraordinary and the times are different than when Plyler v. Doe was issued many decades ago.”
Asked again about it Thursday, Abbott said the crux of the argument would be that the federal government should foot the bill amid the high numbers of migrant crossings.
Hoffman said Texas made those same economic arguments in the Plyler case and was rejected by the court.
WHAT’S BEEN THE RESPONSE?
Immigration rights advocates, Democrats and the White House bristled at Abbott’s remarks.
One of the groups behind the Plyler case, the Mexican American Legal Defense and Education Fund, said Abbott was trying to inflict harm the court sought to avoid decades ago. Democrat Beto O’Rourke, the former presidential candidate who is running against Abbott in November, accused the governor of being “against providing public education to all the children of the state of Texas.”
WHAT’S NEXT?
Abbott gave no timeline of when or how Texas might bring a new challenge. Any new law drafted by Republicans would have to wait until 2023, when the state Legislature returns. | https://cw33.com/news/ap-top-headlines/explainer-schools-may-be-texas-next-immigration-fight/ | 2022-05-07T13:21:16Z |
OSBI makes arrest in 30-year-old Baby Doe murder case
CHOCTAW COUNTY, Okla. (KXII) - The Oklahoma State Bureau of Investigation has arrested a 53-year-old woman in connection with the death of a Baby Doe back in 1993.
OSBI said Meaonia Michelle Allen turned herself in at 12:50 p.m. Friday to an OSBI special Aaent at the Choctaw County Courthouse for an outstanding warrant for one count of murder in the first degree - deliberate intent.
According to OSBI in October of 2020, the OSBI Special Agent currently assigned the Baby Doe case worked with the Cold Case Unit, including criminalists in the Biology Unit at the OSBI Forensic Science Center, to submit Baby Doe’s DNA to Parabon Nanolabs.
In April 2021, the result from Parabon were reviewed by the OSBI team and investigative leads as a result of the test results were pursued.
OSBI said earlier this month, additional DNA testing resulted in Allen being identified as the baby boy’s mother, and during her subsequent interview, Allen admitted to being the baby’s biological mother.
OSBI said Baby Doe was found on December 8, 1993, by a homeowner who found the baby in her yard in rural Choctaw County. The Choctaw County Sheriff’s Office responded and then contacted the OSBI to request investigative assistance.
The Office of the Oklahoma Chief Medical Examiner’s Office performed an autopsy of Baby Doe. The ME determined Baby Doe was born alive and the manner of death was homicide as a result of his throat being slashed.
Numerous interviews were conducted during the initial investigation; however, the case went cold. At that time, DNA samples of Baby Doe were retained by the OSBI for future use.
According to OSBI, on Wednesday, June 15, 2022, an OSBI Special Agent met with Allen at the Durant Police Department. During the interview, Allen agreed to submitted samples of her DNA to be tested to determine if she was the biological mother of Baby Doe. Shortly after providing a DNA sample, Allen admitted that she was, in fact, the biological mother of Baby Doe.
OSBI said during a follow-up interview a few days later, Allen admitted to cutting the baby’s throat shortly after his birth.
Allen, who was working for a daycare center at the time, did not tell anyone of her pregnancy or delivery in the almost 30 years since the child’s murder.
Allen was denied bond.
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/06/24/osbi-makes-arrest-30-year-old-baby-doe-case/ | 2022-06-24T21:57:16Z |
Social enterprise will support BIPOC fashion entrepreneurs focused on sustainability
LOS ANGELES, May 11, 2022 /PRNewswire/ -- Sovereignty Company, a first-of-its-kind circular social enterprise and not-for-profit, recently launched in Los Angeles. Sovereignty empowers fashion entrepreneurs of color to collectively solve climate change and inclusion challenges. Through Sovereignty's support, these entrepreneurs will redefine and disrupt fashion, equitable wealth creation, and the creative workforce economy. The not-for-profit will focus on three areas of impact: a nonprofit Fashion CEOs Accelerator, a sustainable fashion brand SO.TY, and the Vision 33 impact funding plan.
Dr. Corneil (Neil) Montgomery founded the not-for-profit building upon his experience as a creative social impact executive in Fortune 50 companies, global not-for-profits, and consulting. He has secured partnerships with Wells Fargo and Lexus and gained early support from fashion influencers and thought leaders, including sustainable fashion blogger Aditi Mayer, James Higa CEO of Philanthropic Ventures Foundation, Edwina Kulego vice president of international and business development at Informa Markets Fashion and founder of Essentials By Edwina. Sovereignty's goal is to realize a diverse, inclusive, equitable, prosperous, and circular fashion society for BIPOC communities. The non-diluted accelerator will help fashion designers and entrepreneurs of color design and launch sustainable fashion business models and brands.
"Designers of color helped shape fashion history and evolution but are still underrepresented and lack the resources and connections to build and grow their careers," says Neil Montgomery, founder and chief executive officer of Sovereignty Fashion CEOs Accelerator. "Our goal is to advance fashion entrepreneurs' careers by giving them the tools to build sustainability into their brands and define their reputations as change makers, leaders, and influencers in high-end fashion, which they so deserve."
The Fashion CEOs Accelerator provides resources to fashion designers and fashion entrepreneurs to design and launch sustainable and circular business models. Sovereignty will focus investments in Environmental Social Governance (ESG) impact-driven, startups, early growth fashion brands and tech companies that are building the future of circular and sustainable fashion with a particular interest in funding BIPOC and underrepresented founders with pre-seed or seed capital. All designers in the program will receive a $50,000 non-diluted cash grant, eight months of immersive education and training, peer support, hands-on mentorship, and connections to a network of sustainability and circular fashion experts to help them launch or grow their brands.
Charles Harbison, a sought-after creative director for global modern luxury lifestyle and consumer products is partnering with Sovereignty to serve as the chief fashion director for SO.TY, the sustainable fashion arm of the enterprise. Harbison has dressed notable celebrities like Beyonce, Michelle Pfeiffer, and Ava Duvernay, and designed and directed sustainable lines for Ungaro in London, Cult Gaia & Nicholas in LA, and Banana Republic. Four percent of the profit from SO.TY will be directed to Sovereignty's Fashion CEOs Accelerator.
"Fashion makes up a huge part of the waste in our landfills, which impacts the environment in detrimental ways," said Charles Harbison, chief fashion director for SO.TY. "We have tools to create sustainable models through slow and neo luxe fashion movements that uphold high-end fashion aesthetics. Sovereignty and SO.TY are working to be at the forefront of democratizing access to the next wave in sustainable design."
SO.TY and Sovereignty Company aligns with the United Nations Sustainable Development Goals 4, 5, 6, 8, 9, 10, 12, and 13, the Paris Agreement on climate change, and the Fashion Industry Charter for Climate Action, sponsored by the United Framework Convention on Climate Change (UNFCCC).
The Vision 33 Impact Fund will launch in November as a funding arm to invest and further support sustainable and circular fashion brands and tech companies growing under the Fashion CEOs Accelerator Program.
During the first year, Sovereignty announced the Fashion CEOs Accelerator and hosted the first SO.TY fashion show in Los Angeles. The next moves for the company include producing multicultural content for climate change, launching the first Fashion CEOs Accelerator cohort, opening the Center for Sustainable Circular Fashion Innovation in Los Angeles, announcing the Change Coalition and members at Climate Week in New York City, and launching the impact fund with seed investors. Sovereignty will raise $21 million in year one to further fund the accelerators program, scale our impact investments in #netzero fashion solutions and empower underrepresented communities.
Related Links: https://sov-er-eign-ty.com/
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SOURCE Sovereignty Company | https://www.mysuncoast.com/prnewswire/2022/05/11/sovereignty-company-neo-luxe-circular-social-enterprise-launches-disrupt-fashion/ | 2022-05-12T06:34:29Z |
BETHESDA, Md., June 27, 2022 /PRNewswire/ -- Walker & Dunlop, Inc. has been named one of The Washington Post's 2022 Top Workplaces in the Washington, D.C. area every year since the award's founding. Selection is based solely on employee feedback gathered through an anonymous third-party survey administered by research partner Energage, LLC.
"The Post's Top Workplaces list is now in its ninth year and continues to highlight the companies in the Washington-area that employees deem to be leaders in company satisfaction and engagement," said Washington Post Top Workplaces editor Dion Haynes. "Each year, the leaders at these companies are commended for their leadership and collegiality, qualities which have increased in importance to employees with the last few years of heightened transition and change."
"It is an honor to be named as a Top Workplace by The Washington Post once again. This award is in recognition of the collaborative and caring environment our employees cultivate each day," said Walker & Dunlop Executive Vice President and Chief Human Resources Officer, Paula Pryor. "The past year has continued to present challenges to our employees and in the ways we work together, and it means a great deal that our positive and collaborative culture continues to shine through during these unprecedented times. Our commitment to our culture is unwavering, and we remain focused on supporting our employees and their experiences at Walker & Dunlop every day."
Walker & Dunlop's commitment to culture extends beyond the computer screen, as a recent investment in the company's new headquarters has resulted in a new back-to-work environment for nearly 270 employees in the Wilson Building, a premier high-rise building in Bethesda, MD. The space is a reflection of the company's brand, culture and community, tailored specifically to give employees the space in which they can collaborate and connect with each other. Get a glimpse inside our new headquarters here.
At Walker & Dunlop, employees find their hard work recognized, their ambition matched by opportunity, and a place to build their future. Walker & Dunlop currently has over 35 job openings in the DMV area as well as more than 75 openings nationwide. Check out available opportunities here.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is one of the largest providers of capital to the commercial real estate industry, enabling real estate owners and operators to bring their visions of communities — where Americans live, work, shop and play — to life. The power of our people, premier brand, and industry-leading technology makes us more insightful and valuable to our clients, providing an unmatched experience every step of the way. 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.
About The Washington Post
The Washington Post is an award-winning news leader whose mission is to connect, inform, and enlighten local, national and global readers with trustworthy reporting, in-depth analysis and engaging opinions. It combines world-class journalism with the latest technology and tools so readers can interact with The Post anytime, anywhere.
About Energage, LLC
Headquartered in Exton, Pa., Energage (formerly known as WorkplaceDynamics) is a leading provider of technology-based employee engagement tools that help leaders to unlock potential, inspire performance, and achieve amazing results within their organizations. The research partner behind the Top Workplaces program, Energage has surveyed more than 47,000 organizations representing well over 16 million employees in the United States.
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SOURCE Walker & Dunlop, Inc. | https://www.wibw.com/prnewswire/2022/06/27/walker-amp-dunlop-named-2022-top-washington-area-workplace-ninth-year-row/ | 2022-06-27T23:01:46Z |
SAN RAFAEL, Calif., May 11, 2022 /PRNewswire/ -- The 9th Annual Marin Youth and Family Summit & Minga will take place this coming Saturday, May 14, 2022, at the offices of Alcohol Justice in the Canal Neighborhood of San Rafael.
Who: The event is hosted by Youth For Justice and Alcohol Justice, and is sponsored by :
- San Rafael Alcohol and Drug Coalition
- Sierra Health Foundation
- The San Francisco Foundation - Koshland Program
- Latinos Unidos de Marin
What: The 9th Annual Youth and Family Summit & Minga
When: Saturday May 14, 2022, from 10 a.m. to 2 p.m.
- Opening Ceremony, Luis Romero, renown Maya Healer
- Musical entertainment by Trio Los 3 de Guanajuato
- TeamWorks Art, Print Screen artist Eddy Chacón
- Games and fun for the whole family
- Lunch will be served
Where: Alcohol Justice Building, 24 Belvedere St, San Rafael, CA 94901
Why: The event is free to the community with the intent to empower young people and their families to share their ideas, experience, and activism, and to celebrate community renewal, and the healing power of gathering. When we come together in unity, we build a stronger community that cares for each other and Mother Earth, taking collective action to protect Her as she nurtures us.
For Additional Information:
Maite Duran: 415/257-2499
maited@alcoholjustice.org
CONTACT: Maite Duran 415 717-1099
Michael Scippa 415 548-0492
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SOURCE Alcohol Justice | https://www.mysuncoast.com/prnewswire/2022/05/12/9th-annual-youth-justice-youth-family-summit-amp-minga-scheduled-sunday-may-14-2022-alcohol-justice/ | 2022-05-12T06:34:36Z |
New 18-part video program focuses on sex as a biological variable in preclinical research to address knowledge gaps in scientific inquiry and accuracy
NEW YORK, June 20, 2022 /PRNewswire/ -- Cohen Veterans Bioscience (CVB) is proud to introduce an unprecedented new video series that provides the practical knowledge necessary for researchers to incorporate sex as a biological variable into their current and future research. Titled Addressing Sex as a Biological Variable in Preclinical Pharmacology and Neuroscience Research: Accounting for Neglected Factors and Applying Practical Solutions to Enhance Rigor and Reproducibility, the 18-part video training program was developed to help strengthen the translation of basic research findings to human care.
Developed under the leadership of Dr. Chantelle Ferland-Beckham, PhD, Senior Director of External Affairs and head of educational programming for CVB, the video series was created in response to a 2015 National Institutes of Health (NIH) policy aiming to transform research design, analysis, and reporting in the preclinical sphere by ensuring that both male and female organisms were included in early-stage animal research. A similar policy was enacted nearly 20 years earlier (in 1993) mandating the inclusion of women in human studies. Prior to 2015, most biomedical research was conducted solely in male animals. As a result, females were historically underrepresented in preclinical research studies.
"Research based solely on males can translate poorly to female human populations," said Dr. Ferland-Beckham. "This is particularly troubling in the field of neuroscience, where there are many well-established differences in basic biology between men and women. Research in brain disorders often shows sex differences in the prevalence, progression, and responses to treatment. By determining how males and females are both similar and different across biological systems, we drive the discovery of health solutions that better fit the entire population," Dr. Ferland-Beckham added.
For many researchers, navigating the new policy has led to confusion and revealed a knowledge gap that has hindered them from fully adopting the policy. This new video series aims to overcome that knowledge gap. Across the 18 videos, researchers will be able to review what is known about sex differences in the fields of neuroscience and pharmacology and learn why research inclusive of both sexes is important for advancing patient-centered treatments and spurs innovation by opening new areas of potential discovery.
Dr. Magali Haas, MD, PhD, CEO of CVB noted, "Females have historically not been part of the equation when it comes to the important health discoveries that have shaped clinical care. The assumption that women and men were fundamentally similar beyond the reproductive system left major gaps in our understanding, at the detriment of informing sex-appropriate medical care. When we factor biological sex into the design, analysis and reporting of all research studies, we ensure that we aren't making decisions for 100% of the population based on half of the data."
The videos are available now on the Global Preclinical Data Forum's website (https://www.preclinicaldataforum.org/addressing-sex-as-a-biological-variable-training/), a joint global initiative of CVB and the European College of Neuropsychopharmacology to address modern issues in preclinical science that contribute to poor research quality and hinder progress in clinical care. Many of the activities of the Global Preclinical Data Forum center around providing training to early career researchers on how to ensure that the science they conduct abides by rigorous standards of experimental design, methodology, analysis, interpretation and reporting.
Dr. Ferland-Beckham added: "When we have confidence that the research on which we base our knowledge is conducted in such a way that others can reliably reproduce and extend the findings, then our ability to further scientific discovery and maximize efforts increases. CVB believes that training the next generation of the scientific workforce in these principles is key to improving the success rate of clinical research and development. We are proud to be able to add this training series on sex as a biological variable to our toolbox of resources that will further improve the basic starting material for all research in brain health."
The creation of these training videos was made possible through a generous grant from the National Institute of General Medicines (Grant Number: 5 R25 GM133017-03), awarded to Cohen Veterans Bioscience (Principal Investigator: Chantelle Ferland-Beckham, PhD), and through the direct contributions of an advisory board of internationally recognized experts in the fields of sex differences, neuropharmacology and research design and analysis.
Cohen Veterans Bioscience (CVB) is a non-profit 501(c)(3) biomedical research organization dedicated to fast-tracking the development of diagnostic tests and personalized therapeutics for the millions of veterans and civilians who suffer the devastating effects of trauma-related and other brain disorders. CVB promotes best practices in research for evidence-driven, reproducible, and effective solutions. To support & learn more about our research efforts visit www.cohenveteransbioscience.org.
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SOURCE Cohen Veterans Bioscience | https://www.wibw.com/prnewswire/2022/06/20/sex-science-video-series-strengthen-basic-research/ | 2022-06-20T14:42:35Z |
As part of its commitment to accelerating infectious disease diagnostics, HealthTrackRx will deliver next-day monkeypox results to physicians and patients.
DENTON, Texas, July 25, 2022 /PRNewswire/ -- HealthTrackRx, the nation's leading PCR diagnostic testing lab, is now offering a molecular test for detection of the human monkeypox virus. The test was developed by the company's research and development team and is available to the thousands of HealthTrackRx customers across the country in response to this rapidly growing public health emergency.
Martin Price, CEO and Chairman of HealthTrackRx stated, "In light of The World Health Organization (WHO) declaring the monkeypox outbreak a global health emergency and the proliferation of cases in our communities, we're pleased to deploy a means of rapidly detecting this virus. Applying molecular diagnostics to detect infectious diseases and getting those results in healthcare providers' hands by the next day is our mission and is where we can make a difference in containing this crisis."
The HealthTrackRx assay is a pan-monkeypox test that detects both the West African and Congo basin strains of the virus, using the TaqMan® multiplex real-time PCR technology from Thermo Fisher Scientific.
Dr. Vijay Singh, who led the research and development teams' effort to develop and validate the assay stated, "Testing is one of the first and most crucial strategies for containment of an infectious disease outbreak or pandemic. The non-endemic spread of human monkeypox is an urgent public health threat. The rapid development of the pan-Monkeypox Assay at HealthTrackRx, alongside our industry partners, demonstrates our commitment to public health by delivering solutions that accelerate results to patients."
Healthcare providers will be able to order the pan-Monkeypox Assay as a stand-alone test or in combination with other lesion/ulcer causative pathogens that may be confused with human monkeypox. While the virus is predominantly being spread in the United States from sexual transmission, the clinical presentation does not fit with many traditional sexually transmitted infections. The intended use only includes pathogens that have the clinical manifestation of lesions, ulcers, or other skin abnormalities. Specimens that test positive for human monkeypox will be reported to the physicians who order the test. In addition, the Centers for Disease Control and Prevention (CDC) and local health authorities will be notified of positive tests for surveillance purposes.
The widespread availability of a human monkeypox test follows the company's announcement last week that it has been working in partnership with the CDC to conduct an epidemiologic study that will contribute to understanding the spread of human monkeypox within the United States. The study will be accruing critical data regarding the spread of human monkeypox across the United States.
The latest CDC information on monkeypox is available at cdc.gov/monkeypox.
HealthTrackRx is the nation's leading PCR-based infectious disease laboratory, delivering industry-leading testing turnaround times to healthcare providers nationwide. For more than 20 years, the company has enabled accurate clinical decisions through its testing platform, advancement in pathogen detection and identification, antimicrobial stewardship leadership, and value-based care programs. For more information, visit HealthTrackRx at healthtrackrx.com
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SOURCE HealthTrackRx, Inc. | https://www.wibw.com/prnewswire/2022/07/25/healthtrackrx-develops-first-nationwide-commercially-available-monkeypox-specific-pcr-test-with-next-day-results/ | 2022-07-25T19:09:01Z |
Amazon among companies cited for offering products that are not FDA-approved
SILVER SPRING, Md., Aug. 9, 2022 /PRNewswire/ -- Today, the U.S. Food and Drug Administration announced it issued three warning letters to companies for introducing mole and skin tag removal products into interstate commerce that are unapproved new drugs, in violation of the Federal Food, Drug, and Cosmetic Act (FD&C Act). There are no FDA-approved over-the-counter drug products for the removal of moles and skin tags.
"It is the FDA's duty to protect public health from harmful products not approved for the U.S. marketplace" said Donald D. Ashley, J.D., director of the Office of Compliance in the FDA's Center for Drug Evaluation and Research. "The agency's rigorous surveillance works to identify threats to public health and stop these products from reaching our communities. This includes where online retailers like Amazon are involved in the interstate sale of unapproved drug products. We will continue to work diligently to ensure that online retailers do not sell products that violate federal law."
Moles should be evaluated by a health care practitioner. Self-diagnosis and treatment of moles could lead to delayed cancer diagnosis and treatment, and even cancer progression. The FDA has issued a consumer warning noting that products marketed for removing moles and other skin lesions can cause injuries and scarring. The sale of these products risks public health and may jeopardize consumers' health when used without consulting a health care professional.
The FDA issued the warning letters to:
The mole and skin tag removal products sold by these firms have not been evaluated by the FDA for safety, effectiveness or quality and require FDA approval. The introduction or delivery for introduction of these products into interstate commerce without an approved application is an additional violation of the FD&C Act.
Today's warning letters alert the companies that failure to adequately address the violations cited by the FDA may result in legal action including seizure and/or injunction. The companies have 15 days from receipt of the warning letter to respond to the agency with actions they have taken to address any violations. The FDA will continue to use all tools available to protect public health and remove fraudulent or unproven drug products from the U.S. marketplace. Warning letters are not meant to be final agency action.
The FDA encourages consumers and health care professionals to report any adverse events to the agency's MedWatch Adverse Event Reporting program so the agency can take action to protect the public from any unsafe products. The FDA works to protect consumers by informing about the risks and how to buy online safely.
Additional resources:
Media Contact: Audra Harrison, 301-908-6101
Consumer Inquiries: 888-INFO-FDA
The FDA, an agency within the U.S. Department of Health and Human Services, protects the public health by assuring the safety, effectiveness, and security of human and veterinary drugs, vaccines and other biological products for human use, and medical devices. The agency also is responsible for the safety and security of our nation's food supply, cosmetics, dietary supplements, products that give off electronic radiation, and for regulating tobacco products.
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SOURCE U.S. Food and Drug Administration | https://www.mysuncoast.com/prnewswire/2022/08/09/fda-issues-warning-letters-three-companies-selling-unapproved-new-drugs-mole-skin-tag-removal/ | 2022-08-09T15:15:40Z |
Company once again named among Best Places to Work for Disability Inclusion
ATLANTA, July 20, 2022 /PRNewswire/ -- The 2022 Disability Equality Index (DEI) has rated Southern Company as one of the "Best Places to Work for Disability Inclusion." For the sixth consecutive year, Southern Company joins an elite group of companies with a 100 percent score on the DEI for a strong dedication to leading disability-inclusion practices.
Every year since the DEI's inception in 2015, Southern Company has been listed among the top-ranked companies and each of the past six years has earned a score of 100 percent.
"Southern Company is honored to be named among the Best Places to Work for Disability Inclusion. This recognition is a testament to the work Southern Company is doing to ensure an inclusive culture where every employee can reach his or her full potential," said Sloane Drake, senior vice president of Human Resources. "We remain focused on advancing disability inclusion and equality across our businesses. Many of our employee resource groups, along with our recruiting organization and supplier diversity personnel engage with the disability community through programs, education and community service."
The DEI is a joint initiative of the American Association of People with Disabilities (AADP) and Disability:IN that measures policies and practices on a scale from zero to 100 with a score of 100 awarded only to those companies deemed most inclusive. As the nation's most trusted and comprehensive benchmarking tool for disability inclusion, the DEI provides an objective assessment of overall business practices.
The 2022 DEI measured: Culture & Leadership; Enterprise-Wide Access; Employment Practices (Benefits, Recruitment, Employment, Education, Retention & Advancement, Accommodations); Community Engagement; Supplier Diversity; Non-U.S. Operations (Non-Weighted).
"Disability inclusion is a rapidly expanding aspect of corporate culture, and it's gratifying to partner with 415 companies on the 2022 Disability Equality Index," said Jill Houghton, President and CEO of Disability:IN. "These top-scoring companies not only excel in disability inclusion, many are also adopting emerging trends and pioneering measures that can move the disability agenda from accommodation to inclusion and ultimately, genuine belonging."
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
The Disability Equality Index (DEI) is a comprehensive benchmarking tool that helps companies build a roadmap of measurable, tangible actions that they can take to achieve disability inclusion and equality. Each company receives a score, on a scale of zero (0) to 100, with those earning 80 and above recognized as a "Best Place to Work for Disability Inclusion."
The DEI is a joint initiative of the American Association of People with Disabilities (AAPD), the nation's largest disability rights organization, and Disability:IN, the global business disability inclusion network, to collectively advance the inclusion of people with disabilities. The organizations are complementary and bring unique strengths that make the project relevant and credible to corporations and the disability community. The tool was developed by the DEI Advisory Committee, a diverse group of business leaders, policy experts, and disability advocates. Learn more at: www.DisabilityEqualityIndex.org.
AAPD is a convener, connector, and catalyst for change, increasing the political and economic power for people with disabilities. As a national cross-disability rights organization AAPD advocates for full civil rights for the 60+ million Americans with disabilities. Learn more at: www.aapd.com.
Disability:IN is a global organization driving disability inclusion and equality in business. More than 400 corporations partner with Disability:IN to create long-term business and social impact through the world's most comprehensive disability inclusion benchmarking and reporting tool, the Disability Equality Index (DEI); best-in-class conferences and programs; expert counsel and engagement; and public policy leadership. Join us at disabilityin.org/AreYouIN #AreYouIN
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SOURCE Southern Company | https://www.mysuncoast.com/prnewswire/2022/07/20/southern-company-scores-100-percent-disability-equality-index-sixth-consecutive-year/ | 2022-07-20T18:26:09Z |
HARRISBURG, Pa., May 2, 2022 /PRNewswire/ -- LINKBANCORP, Inc. (OTC Pink: LNKB) (the "Company"), the parent company of The Gratz Bank, including its LINKBANK division (the "Bank") reported net income of $1.524 million, or $0.15 per diluted share, for the quarter ended March 31, 2022.
First Quarter Highlights
- The Company crossed $1 billion in total assets
- First quarter organic loan growth of $29 million, exclusive of PPP loans
- Noninterest bearing deposits grew $36 million since December 31, 2021
- Net interest margin expands to 3.40%
Andrew Samuel, Chief Executive Officer, commented, "We are very pleased by the results of our first quarter free of merger-related charges related to the combination with GNB Financial Services, Inc., crossing over the $1 billion threshold and demonstrating growing earnings potential as we begin to recognize economies of scale and increasing operating leverage." He continued, "Key additions within areas experiencing varying levels of market disruption, including the York and Delaware Valley markets, are expected to help fuel further loan and earnings growth and complement the strong performance of our core Capital, Lancaster and Gratz Regions."
Total assets were $1.036 billion at March 31, 2022 compared to $932.8 million at December 31, 2021 and $443.8 million at March 31, 2021.1 Deposits and net loans as of March 31, 2022 totaled $862.2 million and $727.6 million, respectively, compared to deposits and net loans of $771.7 million and $711.7 million, respectively, at December 31, 2021 and $388.8 million and $233.1 million, respectively, at March 31, 2021. The $15.8 million increase in net loans from December 31, 2021 includes $29 million in primarily commercial organic loan growth including the impact of forgiven loans under the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP), which declined $13.2 million to $10.6 million at March 31, 2022. The $90.5 million increase in deposits from December 31, 2021 was driven largely by a $20 million increase in brokered deposits and $35.9 million increase in noninterest bearing demand accounts. Technology enhancements, such as digital account opening, continue to provide increased opportunities for the Bank to acquire new client relationships that service clients in a more efficient and cost effective manner.
As of March 31, 2022, the Company's non-performing assets were $1.2 million, representing 0.12% of total assets. Non-performing assets at March 31, 2022 excluded purchased credit impaired loans with a balance of $5.6 million, inclusive of $4.1 million in loans held for sale. The allowance for loan losses measured 0.47% of total loans, or approximately 0.91% of the non-purchased portfolio, at March 31, 2022. The total reserve when including the allowance for loan losses and the credit fair value adjustment made to loans acquired in the merger totaled $10.1 million or approximately 1.38% of the combined portfolio at March 31, 2022.
Net interest income for the first quarter of 2022 increased to $7.5 million compared to $7.1 million in the fourth quarter of 2021 primarily as a result of average asset growth. Net interest income does not include recognition of any fees from SBA PPP loans, which were included in purchase accounting adjustments in connection with the GNB Financial merger. Net interest margin increased to 3.40% in the first quarter of 2022 from 3.30% in the fourth quarter of 2021. The increase in net interest margin was primarily a result of an increase in yield on loans. Non-interest income increased from $581 thousand in the fourth quarter of 2021 to $711 thousand in the first quarter of 2022, driven largely by a gain on the sale of an SBA loan.
Noninterest expense for the first quarter of 2022 totaled $6.1 million, compared to $6.8 million for the three months ended December 31, 2021, primarily due to the absence of merger related expenses. Salaries and employee benefits expense remained relatively steady quarter over quarter, with a slight increase to $3.7 million for the first quarter of 2022 compared to $3.6 million for the prior quarter. This increase reflected compensation costs related to the Bank's expansion in the Delaware Valley and York markets in addition to certain strategic hires to support continued growth.
Shareholders' equity decreased from $109.6 million at December 31, 2021 to $106.3 million at March 31, 2022 due to a $4.1 million decrease in accumulated other comprehensive income (loss) as a result of unrealized losses on available-for-sale securities due to the increase in interest rates. The unrealized loss was partially offset by net income less dividends declared.
On April 8, 2022, the Company completed a $20.0 million private placement of Fixed-to-Floating Rate Subordinated Notes due 2032, structured to qualify as Tier 2 capital for regulatory capital purposes. The Company subsequently contributed $15 million of the proceeds to the Bank as additional capital.
ABOUT LINKBANCORP, Inc.
LINKBANCORP, Inc. was formed in 2018 with a mission to positively impact lives through community banking. Its subsidiary bank, The Gratz Bank, is a Pennsylvania state-chartered bank serving individuals, families, nonprofits and business clients throughout Central and Southeastern Pennsylvania through 10 client solutions centers of The Gratz Bank and LINKBANK, a division of The Gratz Bank. LINKBANCORP, Inc. common stock is traded over the counter (OTC Pink) under the symbol "LNKB". For further company information, visit ir.linkbancorp.com.
Forward Looking Statements
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of current or historical fact and involve substantial risks and uncertainties. Words such as "anticipates," "believes," "estimates," "expects," "forecasts," "intends," "plans," "projects," "may," "will," "should," and other similar expressions can be used to identify forward-looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. Among the risks and uncertainties that could cause actual results to differ from those described in the forward-looking statements include, but are not limited to the following: costs or difficulties associated with newly developed or acquired operations; changes in general economic trends, including inflation and changes in interest rates; increased competition; changes in consumer demand for financial services; our ability to control costs and expenses; adverse developments in borrower industries and, in particular, declines in real estate values; changes in and compliance with federal and state laws that regulate our business and capital levels; our ability to raise capital as needed; and the effects of the COVID-19 pandemic and actions taken by governments, businesses and individuals in response. The Company does not undertake, and specifically disclaims, any obligation to publicly revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements, except as required by law. Accordingly, you should not place undue reliance on forward-looking statements.
Contact:
Nicole Ulmer
Corporate and Investor Relations Officer
717.803.8895
IR@linkbancorp.com
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SOURCE LINKBANCORP, INC. | https://www.wibw.com/prnewswire/2022/05/02/linkbancorp-inc-announces-first-quarter-2022-financial-results/ | 2022-05-02T22:34:58Z |
VANCOUVER, BC, May 26, 2022 /PRNewswire/ - Elevation Gold Mining Corp. (TSXV: ELVT) (OTCQX: EVGDF) ("Elevation Gold " or the "Company") a U.S.-focused gold producer with district-scale exploration potential in the Walker Lane Trend in Arizona and Nevada, is pleased to announce financial results for the quarter ended March 31, 2022. All figures are expressed in US dollars unless otherwise noted.
Summary for the Three Months Ended March 31, 2022
- Elevation produced 6,268 ounces of gold and 31,029 ounces of silver during Q1 2022 from 717,898 ore tonnes processed with average grades of 0.35 g/t gold and 3.02 g/t silver
- The Company generated total revenue of $13.5 million on 6,512 ounces of gold and 52,970 ounces of silver sold
- Income from mine operations before depreciation and depletion totaled $1.5 million
- Completed a private placement, resulting in net proceeds to the Company of $17.2 million
- Cash costs per ounce of gold sold (1) of $1,648 and all-in sustaining costs ("AISC") per ounce of gold sold (1) of $2,248.
- Continued multi-phase infill and resource expansion drilling program at the Moss Mine in Q1 2022, which includes 10,762 meters of reverse circulation drilling
Michael G. Allen, President of Elevation stated, "Recently the Moss Mine has been begun to process ore coming from the East Pit, which is higher grade than what we have been recently mining. We look forward to achieving continuous contributions from the East Pit going forward. Our new interpretation of mineralization in the West Pit has begun to bear fruit with several long intercepts of gold mineralization received in this quarter."
On May 3, 2022, Elevation announced the results of several drill holes completed in late 2021 and early 2022, including significant results in the vicinity of the West Pit. Highlights from the release include the following drill holes:
- Drillhole AR21-562R intersected 344.42 meters of hanging wall stockwork mineralization grading 0.31 g/t gold ("Au") and 1.12 g/t silver ("Ag"), starting at surface
- Drillhole AR21-560R intersected 137.16 meters of hanging wall stockwork mineralization grading 0.30 g/t Au and 1.92 g/t Ag starting at surface, including 22.86 meters grading 0.47 g/t Au and 1.35 g/t Ag
- Drillhole AR21-545R intersected 88.39 meters grading 0.40 g/t Au and 4.29 g/t Ag in the Moss Vein and associated hanging wall stockwork starting at surface, including 27.43 meters grading 0.67 g/t Au and 7.13 g/t Ag
- Drillhole AR21-570R, a condemnation drillhole drilled in the proposed 3B Leach Pad area intersected 48.77 meters of stockwork and vein hosted mineralization grading 0.36 g/t Au and 0.82 g/t Ag, including 3.05 meters grading 0.71 g/t Au and 0.90 g/t Ag, 10.67 meters grading 0.47 g/t Au and 1.60 g/t Ag, and 4.57 meters grading 0.65 g/t Au and 0.47 g/t Ag. This mineralization is likely associated with the Rattan Vein system mapped to the west of the current West Pit.
For further information refer to the Company's news release dated May 3, 2022.
The Company expects to complete several key capital projects during the remainder of 2022 including completing the construction of the new heap leach pad 2C, which is currently underway and expected to be completed in Q3 2022. The Company will also look to complete two new monitoring wells and additional production wells in Q2 2022. The monitoring wells are a requirement of an Aquifer Protection Permit, while the production water well project will secure water for operations as well as allow current operating water wells to be removed as part of the mine expansion at the Moss Mine.
The Company's operations continue to focus on overall efficiencies including drilling and blasting improvements that lead to increases in ore processing rates. For Q1 2022, the mine averaged 7,977 stacked ore tonnes per day, an increase of 5.6% from the year ended December 31, 2021. This rate increased further for the month of April 2022 to an average of 8,770 stacked ore tonnes per day as the Company continues to improve quality control for mine drilling and blasting and maintains meticulous oversight on scheduled crusher maintenance. Mining operations also continue to progress, with higher-grade ore mined from the East Pit beginning in Q2 2022.
The Company continues its exploration program into Q2 2022 and will explore both along strike and within the footprint of the Moss Mine Project. Additionally, the Company anticipates drilling other high priority regional targets in Q2/Q3 2022, depending on the availability of road construction contractors and drill rigs.
The following table provides a summary of the components of the Company's net income (loss) for the three months ended March 31, 2022 and 2021. For further details, refer to the Company's condensed interim consolidated financial statements for the three months ended March 31, 2022 and 2021, and the related Management Discussion and Analysis ("MD&A") for the same period.
The following table provides a summary of the Company's operational statistics for the three months ended March 31, 2022 and 2021. For further details, refer to the Company's condensed interim consolidated financial statements for the three months ended March 31, 2022 and 2021, and the related MD&A for the same period.
Unless otherwise indicated, all technical data contained in this press release that relates to geology, exploration and mineral resources has been reviewed and approved by Dr. Warwick Board, P.Geo, Vice President Exploration of Elevation Gold. He is a Qualified Person as defined by NI 43-101 responsible for the Moss Regional Exploration Project and other exploration programs and he has reviewed and approved the scientific and technical information in this press release.
Unless otherwise indicated, the technical disclosure contained within this press release that relates to the Company's operating mine has been reviewed and approved by Tim J. Swendseid, Chief Operating Officer of the Company and a Qualified Person for the purpose of National Instrument 43-101.
Full condensed interim consolidated financial statements for the three months ended March 31, 2022 and 2021 and related MD&A for the same period can be found at www.sedar.com and the Company's website at www.elevationgold.com.
The following tables represent the calculation of certain Non-IFRS Financial Measures as referenced in this news release.
Elevation Gold is a publicly listed gold and silver producer, engaged in the acquisition, exploration, development and operation of mineral properties located in the United States. Elevation Gold's common shares are listed on the TSX Venture Exchange ("TSXV") in Canada under the ticker symbol ELVT and on the OTCQX in the United States under the ticker symbol EVGDF. The Company's principal operation is the 100% owned Moss Mine in Mohave County, Arizona. Elevation also holds the title to the Hercules exploration property, located in Lyon County, Nevada.
ON BEHALF OF THE BOARD OF ELEVATION GOLD
"Michael G. Allen"
President
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain of the statements made and information contained herein is "forward-looking information" within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this document constitute forward-looking information, including but not limited to statements regarding the Company's plans, prospects and business strategies; the Company's guidance on the timing and amount of future production and its expectations regarding the results of operations; expected costs; permitting requirements and timelines; timing and possible outcome of Mineral Resource and Mineral Reserve estimations, life of mine estimates, and mine plans; anticipated exploration and development activities at the Company's projects; net present value; design parameters; economic potential; processing mineralized material; the potential of robust economic potential at the Moss Mine Project. Words such as "believe", "expect", "anticipate", "contemplate", "target", "plan", "goal", "aim", "intend", "continue", "budget", "estimate", "may", "will", "can", "could", "should", "schedule" and similar expressions identify forward-looking statements.
Forward-looking information is necessarily based upon various estimates and assumptions including, without limitation, the expectations and beliefs of management, including that the Company can access financing, appropriate equipment and sufficient labour; assumed and future price of gold, silver and other metals; anticipated costs; ability to achieve goals; and assumptions related to the factors set forth below. While these factors and assumptions are considered reasonable by the Company as at the date of this document in light of management's experience and perception of current conditions and expected developments, these statements are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: risks inherent in mining, including, but not limited to risks to the environment, industrial accidents, catastrophic equipment failures, unusual or unexpected geological formations or unstable ground conditions, and natural phenomena such as earthquakes, flooding or unusually severe weather; uninsurable risks; global financial conditions and inflation; changes in the Company's share price, and volatility in the equity markets in general; volatility and fluctuations in metal and commodity prices; the threat associated with outbreaks of viruses and infectious diseases, including the COVID-19 virus; delays or the inability to obtain, retain or comply with permits; risks related to negative publicity with respect to the Company or the mining industry in general; health and safety risks; exploration, development or mining results not being consistent with the Company's expectations; unavailable or inaccessible infrastructure and risks related to ageing infrastructure; actual ore mined and/or metal recoveries varying from Mineral Resource and Mineral Reserve estimates, estimates of grade, tonnage, dilution, mine plans and metallurgical and other characteristics; risks associated with the estimation of Mineral Resources and Mineral Reserves and the geology, grade and continuity of mineral deposits, including, but not limited to, models relating thereto; ore processing efficiency; information technology and cybersecurity risks; potential for the allegation of fraud and corruption involving the Company, its customers, suppliers or employees, or the allegation of improper or discriminatory employment practices; regulatory investigations, enforcement, sanctions and/or related or other litigation; estimates of future production and operations; estimates of operating cost estimates; the potential for and effects of labour disputes or other unanticipated difficulties with or shortages of labour or interruptions in production; risks related to the environmental regulation and environmental impact of the Company's operations and products and management thereof; exchange rate fluctuations; climate change; risks relating to attracting and retaining of highly skilled employees; compliance with environmental, health and safety laws; counterparty and credit risks and customer concentration; litigation; changes in laws, regulations or policies including, but not limited to, those related to mining regimes, permitting and approvals, environmental and tailings management, and labour; internal controls; challenges or defects in title; funding requirements and availability of financing; dilution; risks relating to dividends; risks associated with acquisitions and related integration efforts, including the ability to achieve anticipated benefits, unanticipated difficulties or expenditures relating to integration and diversion of management time on integration; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, production estimates and estimated economic return; uncertainty of meeting anticipated program milestones; and other risks and uncertainties including but not limited to those described the Company's public disclosure documents which are available on SEDAR at www.sedar.com under the Company's profile. All of the forward-looking statements made in this document are qualified by these cautionary statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecast or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward–looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.
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SOURCE Elevation Gold Mining Corp. | https://www.mysuncoast.com/prnewswire/2022/05/26/elevation-gold-reports-revenue-us135-million-financial-results-three-months-ended-march-31-2022/ | 2022-05-27T01:30:59Z |
MILWAUKEE (AP) — Actor Willem Dafoe is set to receive an honorary doctorate from the University of Wisconsin-Milwaukee next month.
University officials announced Friday that Dafoe will receive the doctorate of arts on May 22. He’s slated to speak at the school’s two graduation ceremonies that day. He’ll receive the degree during the second ceremony of the day.
Dafoe attended UW-Milwaukee in 1973 and 1974 before leaving to become part of Theatre X, an independent experimental theater company. He appeared on stage at UW-Milwaukee in “Phaedra” and “A Moon for the Misbegotten.”
Dafoe said in a statement issued by UW-Milwaukee that his time at the university was “a very formative and positive experience.”
“I was young and very unsophisticated, but eager to train and perform,” he said. “I was totally involved and spent most nights on a couch in the theatre because I was always working and studying and didn’t want to go home.”
Dafoe has appeared in more than 100 films, including “Platoon” and the Spider-Man franchise. He’s been nominated four times for an Academy Award for his work in “Platoon,” “Shadow of the Vampire,” “The Florida Project” and “At Eternity’s Gate.” He’s currently appearing in “The Northman.”
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This story has been corrected to fix a typographical error in Dafoe’s name. | https://cw33.com/entertainment-news/ap-entertainment/willem-dafoe-to-receive-honorary-uw-milwaukee-doctorate/ | 2022-04-30T00:39:23Z |
Reiterates Full Year Revenue Guidance of $55-$60 Million
ANDOVER, Mass., June 6, 2022 /PRNewswire/ -- Byrna Technologies Inc. (NASDAQ: BYRN) ("Byrna" or "the Company") today announced preliminary revenue expectations for its fiscal second quarter ended May 31, 2022 ("Q2 2022") of $11.5 million, bringing sales for the first half of fiscal year 2022 ("FY 2022") to $19.5 million.
Byrna saw growth in all sales channels when compared with Q1 2022. For Q2 2022, the sales breakdown was as follows:
- Byrna.com - $5.4 million (46.9%)
- Amazon.com - $1.1 million (9.6%)
- Dealer / Distributor - $2.2 million (19.1%)
- International - $2.7 million (23.5%)
- Law Enforcement - $0.1 million (0.9%)
The Company expects to see continued strong growth for the balance of fiscal year 2022. As a result, Byrna is reiterating full year revenue guidance of $55 to $60 million for the current fiscal year ending November 30, 2022 ("FY 2022").
Byrna also had record production in Q2 2022, producing 42,892 launchers. As a result, Byrna goes into Q3 with 19,500 launchers in finished goods inventory (in line with Byrna's stated goal of 20,000 units in finished goods inventory).
Bryan Ganz, CEO of Byrna, stated that "We are reaffirming our 2022 full year guidance of $55 - $60 million as we expect to see strong sales growth in the second half of 2022 due largely to the addition of several new products (including Aerosol Sprays - both 'Byrna Bad Guy Repellant' and 'Fox Labs Pepper Spray', introduction of the Byrna LE (law enforcement) launcher and our much anticipated new less-lethal 12-gauge round). All these products will be commercially available in the second half of 2022). Additionally, Byrna expects second half 2022 sales to benefit from the seasonally strong fourth Quarter which includes Black Friday and Cyber Monday as well as the Company's overall growth trajectory resulting from Byrna's growing brand awareness largely driven by continued investment in marketing."
"In terms of brand awareness, for the first six months of 2022, Byrna registered 3.5 million web sessions on Byrna.com and another 1.25 million on Amazon.com for a total of 4.75 million sessions. This compares to 2.5 million web sessions during the same period last year, and last year included the Hannity endorsement on April 3rd which caused web sessions to spike from 198,000 in March of 2021 to 948,000 in April of 2021."
"This increased traffic is driving e-commerce sales. For the first three months of this year, orders on Byrna.com were 41% higher than in the first three months of 2021. If we add Amazon orders, total e-commerce orders were up 63% over the same period last year. In Q2, excluding the $7.6 million in orders that can be traced directly to the Hannity endorsement in April of last year, orders on Byrna.com were up 79% in Q2 2022 vs. Q2 2021. If we include orders on Amazon.com, total e-commerce orders for the quarter were up 114% versus a normalized Q2 2021. We also saw sequential quarter-over-quarter e-commerce order growth (Q2 2022 vs. Q1 2022) of 14% or 17.5% including Amazon.com orders (which equals a 90% CAGR).
Byrna also made substantial progress in terms of both supply chain management and production. As we announced on May 5th, we moved into a greenfield manufacturing facility in Ft. Wayne. While the move was disruptive, we still were able to produce approximately 43,000 launchers during the quarter, up from just 19,000 launchers in Q1 of this year. This leaves Byrna well stocked for Q3, with 19,500 launchers in finished goods inventory.
Byrna is a technology company, specializing in the development, manufacture, and sale of innovative non-lethal personal security solutions. For more information on the Company, please visit the corporate website here or the Company's investor relations site here. The Company is the manufacturer of the Byrna® SD personal security device, a state-of-the-art handheld CO2 powered launcher designed to provide a non-lethal alternative to a firearm for the consumer, private security, and law enforcement markets. To purchase Byrna products, visit the Company's e-commerce store.
This news release contains "forward-looking statements" within the meaning of the securities laws. All statements contained in this news release, other than statements of current and historical fact, are forward-looking. Often, but not always, forward-looking statements can be identified by the use of words such as "plans," "expects," "intends," "will," "anticipates," and "believes" and statements that certain actions, events or results "may," "could," "would," "should," "might," "occur," or "be achieved," or "will be taken." Forward-looking statements include descriptions of currently occurring matters which may continue in the future. Forward-looking statements in this news release include but are not limited to the Company's anticipated results for the second quarter of fiscal 2022 and full fiscal year 2022, and their associated drivers. Forward-looking statements are not, and cannot be, a guarantee of future results or events. Forward-looking statements are based on, among other things, opinions, assumptions, estimates, and analyses that, while considered reasonable by the Company at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies, and other factors that may cause actual results and events to be materially different from those expressed or implied.
Any number of risk factors could affect our actual results and cause them to differ materially from those expressed or implied by the forward-looking statements in this news release, including, but not limited to, accounting adjustments or changes in estimates during preparation of the financial statements for Q2, 2022, changes in estimates of demand for our product during the remainder of fiscal year 2022, prolonged, new, or exacerbated disruption of our supply chain, determinations by third party controlled distribution channels not to carry or reduce inventory of our products, and potential cancellations of existing or future orders including as a result of any fulfillment delays, delays in new product introductions, introduction of competing products, negative publicity, or other factors. The order in which these factors appear should not be construed to indicate their relative importance or priority. We caution that these factors may not be exhaustive; accordingly, any forward-looking statements contained herein should not be relied upon as a prediction of actual results. Investors should carefully consider these and other relevant factors, including those risk factors in Part I, Item 1A, ("Risk Factors") in our most recent Form 10-K, should understand it is impossible to predict or identify all such factors or risks, should not consider the foregoing list, or the risks identified in our SEC filings, to be a complete discussion of all potential risks or uncertainties, and should not place undue reliance on forward-looking information. The Company assumes no obligation to update or revise any forward-looking information, except as required by applicable law.
Contact:
Byrna Technologies Inc.
David North, Chief Financial Officer
dnorth@byrna.com
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SOURCE Byrna Technologies Inc. | https://www.kxii.com/prnewswire/2022/06/06/byrna-technologies-announces-preliminary-second-quarter-revenues-115-million/ | 2022-06-06T12:52:21Z |
It all started with a toothache.
That's what brought Gary Poteat into the doctor's office. But several appointments and a biopsy later, Poteat discovered that he had malignant kidney cells in his jaw, the result of stage IV kidney cancer -- something that only 14% of people survive with in the first five years of diagnosis.
Fifteen years after a diagnosis that felt like a death sentence, Poteat continues to beat those odds. However, that means he is a complicated patient requiring specialized care that can require him to travel thousands of miles from his home in Central Ohio.
When Poteat's cancer recurred, he found that one pandemic-era change made a crucial difference in his care: telehealth.
Poteat had been cancer-free for two years until January 2021, when his cancer spread to his liver, pancreas and lung. He found a doctor who could do the type of specialty surgery he needed -- but who was also a four-hour drive away, in Cleveland.
Amid the Covid-19 pandemic and an Ohio winter, the idea of traveling so far for multiple appointments was daunting.
"It's just harder for us to travel, and of course, most cancer patients are older people. And travel is not easy ... especially if you're a long-term cancer patient, you may have some medical problems," said Poteat, 69.
But then came the option to do his appointments remotely and from the comfort of his own home, through telehealth.
"They got back and said 'we can do all this [through] telemedicine instead of you having to drive an eight-hour round trip, spend the night -- three times,' " Poteat said.
Over the span of a week and a half, Poteat saw three specialists through telehealth.
"It's hard to describe how the little aggravations of life, like traveling in the snow, fighting cold weather and staying in hotels, how much stress that puts on someone who's already at maximum stress from the fact I have new tumors and we don't know what we're going to do," Poteat said. At such a critical point in his cancer journey, telehealth felt like a "blessing."
For millions of people like Poteat, pandemic-era telehealth flexibilities have made health care much more accessible.
However, those flexibilities are set to expire 151 days after the Covid-19 public health emergency ends, outlined as part of the $1.5 trillion omnibus spending bill signed by President Biden in March. The emergency was last renewed April 13 for another 90 days.
Expanding telehealth in a crisis
Over the course of the pandemic, use of telehealth has grown exponentially, necessitated mainly by efforts to minimize person-to-person contact.
According to a report from the US Department of Health and Human Services, more than 2 in 5 Medicare beneficiaries used telehealth services in the first year of the pandemic, amounting to at least 28 million people. The number of telehealth visits also grew 63-fold in 2020. And the trend continues; 20% of US adults used telemedicine during the first two weeks of March, according to the US Centers for Disease Control and Prevention.
In March 2020, several new pieces of federal legislation, including the Coronavirus Aid, Relief, and Economic Security (CARES) Act, temporarily waived Medicare restrictions on telehealth. The Centers for Medicare and Medicaid Services eased restrictions that allowed beneficiaries to access more health services virtually.
Before March 2020, people had to be in a rural area or a place with medical personnel shortages to qualify for telehealth services under Medicare, and services could be accessed only through specific medical facilities.
However, during the Covid-19 public health emergency, coverage expanded to allow people to receive telehealth services in urban areas and from their own homes for the first time -- sometimes even across state lines. Another big change was the introduction of audio-only services, in which health care could be provided through a phone call.
Likewise, most people who are covered under private health insurers should expect similar coverage. In 42 states and the District of Columbia, private insurance providers are required to reimburse telemedicine costs.
"I can actually see more people in suburban or rural areas that otherwise may not have had the same level of access before," said Dr. Stephen Parodi, an infectious disease physician and executive vice president for the Kaiser Permanente Federation. "We want to preserve that."
Rapidly shifting gears
Telehealth expansions became a lifeline particularly for patients seeking addiction services.
When stay-at-home orders went into place and addiction recovery centers closed across the country, telehealth served as a bridge to continuity of care.
"What the flexibility of telehealth allows during Covid was to shift gears extraordinarily rapidly," said Dr. Shawn Ryan, a regional director of the American Society of Addiction Medicine. "We were basically able to further our mission of barrier reduction and meeting the patient where they're at."
Transportation is one of the most common barriers to receiving addiction treatment and one that won't disappear once the public health emergency ends, Ryan said.
During the pandemic, the US Drug Enforcement Administration temporarily relaxed rules around prescribing controlled substances such as buprenorphine, a treatment for opioid use disorder. Doctors can now prescribe the medication after a video visit with a patient, rather than an in-office one.
"As far as we can tell from what data is being collected, [that] resulted in better patient care and retention," Ryan said.
However, this is another flexibility that patients are at risk of losing once the federal public health emergency ends.
There are certain challenges that come with making addiction care virtual. For one, it's difficult for addiction specialists to monitor whether their patients begin using again or are taking their medication as directed.
"So my encouragement is for folks to be nimble and objective in assessing, what should it look like going forward? And not just pushing the dial one way or the other," Ryan said.
The future of addiction care will probably benefit from a combination of telehealth and in-person care, but that won't be possible if rigid prepandemic telehealth restrictions continue, Ryan said.
Permanent changes
Some changes are here to stay. According to the federal Medicare Payment Advisory Commission, mental, behavioral and neurodevelopmental health accounted for 25% of the charges for telehealth in the first year of the pandemic. Now, behavioral health services, like individual and group therapy, will be permanently available through telehealth, even after the end of the public health emergency.
The White House says it has recognized the impact that telehealth has had in improving access to mental health care, and it's even one of Biden's key strategies to addressing the country's mental health crisis.
Dr. Andrew Booty, a psychiatrist and volunteer clinical faculty at the UCSF School of Medicine, said telehealth expansions helped eliminate some barriers to access for his patients. Gone were long wait times, commutes and transportation costs.
"When we don't have to rely on particular physical exam findings ... video can be almost as efficient as seeing somebody in person, and in some ways better, given the access issues," Booty said.
Booty noted that some things are harder to observe over a screen, like nuances in body language or how someone carries themselves into a room.
Still, he said he would rather be able to see patients "with increased frequency over video than either not be able to see them or see them much less frequently because of [limited] access."
'Covid made telehealth possible'
Seeing the benefits afforded by the expansion of telehealth, some lawmakers are pushing Congress to consider making more telehealth flexibilities permanent.
The Telehealth Response for E-prescribing Addiction Therapy Services, or TREATS, Act would permanently allow certain controlled substances, such as buprenorphine, to be prescribed online after a video consult with a provider.
The CONNECT for Health Act has also received bipartisan support in Congress. The bill was introduced in 2016 by Hawaii Sen. Brian Schatz, and a revamped version was reintroduced last year in response to the overwhelming use of telehealth over the pandemic.
According to Schatz's office, the earlier version of the bill didn't garner much interest, but that changed over the course of the pandemic, as lawmakers realized the dramatic role telehealth has played in expanding access to care.
The bill's actions include permanently removing geographic restrictions for using telehealth -- a provision made temporarily for the public health emergency -- and removing restrictions for emergency services.
"The last year has shown us that telehealth works, it's popular, and it's here to stay," Schatz said in a statement in April 2021.
But given the time it often takes bills to move through Congress, providers and patients alike have depended on renewals of the Covid-19 public health emergency to keep the telehealth expansions going.
In the meantime, according to a CMS spokesperson, individual states can choose to make telehealth expansions permanent. Illinois became one of the first to do so last year, when Gov. J.B. Pritzker signed a bill that allowed coverage of telehealth expansions made during the pandemic to continue into 2027.
For Poteat, the expansion of telemedicine was a silver lining of the Covid-19 pandemic. But now, faced with the possibility that all those expansions may not be permanent, he worries that he won't be able to get the same quality of care he's gotten these past two years.
"Covid made telemedicine possible," he said. "It would be such a shame if we've lost that tool for patients to get the best specialist care."
Technical difficulties
In keeping with goals to increase access to health care, there is still work to be done to make telehealth equitable.
HHS found that rural and Black Medicare beneficiaries had fewer telehealth visits than other groups during the first year of the pandemic.
So while telehealth may seem like the answer to overarching access issues, providers must also consider: Who has access to telehealth in the first place?
"The issues of hardware, software, data connection, Wi-Fi -- all those things came to bear when [patients] were at home. Where could they go if they didn't have it at home?" Ryan said.
The future of telehealth is thus dependent on assessing each person's needs.
"If we just think of a one-size-fits-all model, it's very likely you're going to end up increasing inequities," said Sinsi Hernández-Cancio, vice president for health justice at the National Partnership for Women & Families, during a Kaiser Family Foundation discussion on the future of telehealth in March.
Ensuring that people have access to broadband and that medical centers have software that can protect patient's privacy will be expensive. Hernández-Cancio said that although the upfront cost of improving the technology may be steep, it is an investment that could save money in the long term as more people get the care they need.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/features/health/back-to-the-doctors-office-heres-whats-next-for-telehealth-after-the-pandemic/article_05f9fd6a-f9f9-5157-869f-823e36a5ddc3.html | 2022-04-29T11:26:52Z |
SAN DIEGO, June 22, 2022 /PRNewswire/ -- Creating an egg drop STEAM challenge, developing multi-cultural art & reading curricula, organizing a Girl Boss young entrepreneur program, and creating a multi-disciplinary nature journaling project are just a few of the teacher dream projects funded by North Island Credit Union through its Spring 2022 Teacher Grant program.
As part of its commitment to help educators create innovative learning opportunities for their students, the credit union has provided 10 grants of $500 each to underwrite class projects in San Diego County. The credit union grants will fund a diverse range of programs illustrating the creativity and commitment teachers bring to their classrooms and communities.
The Spring 2022 North Island Credit Union Teacher Grant recipients include teachers across San Diego County:
"The creativity and passion of these grant programs inspire all of us. We congratulate each of these educators who are so committed to finding new ways to excite, support, and connect with their students," said North Island Credit Union CEO Steve O'Connell. "After 90 years of supporting the education community, we never fail to be amazed at the dedication our teachers bring to their students, and wish all of them success in bringing these projects to life."
Since the creation of the program in 2012, the credit union has awarded $155,000 in teacher grants to support innovative learning projects. Up to 20 grants are awarded bi-annually in the spring and fall. Any full-time classroom teacher in San Diego, Los Angeles, Orange, and Riverside County can apply for a grant for a program that has clearly defined learning objectives tied to students' academic needs, displays creativity in education, and targets a significant number of students.
California Credit Union is a federally insured, state chartered credit union founded in 1933 that serves public or private school employees, community members and businesses across California. With more than 165,000 members and assets of over $4 billion, California Credit Union has 24 branches throughout Los Angeles, Orange and San Diego counties. The credit union operates in San Diego County as North Island Credit Union, a division of California Credit Union. California Credit Union offers a full suite of consumer, business and investment products and services, including comprehensive consumer checking and loan options, personalized financial planning, business banking, and leading-edge online and mobile banking. Please visit northisland.ccu.com for more information or follow the credit union on Instagram® or Facebook® @northislandcu.
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SOURCE North Island Credit Union | https://www.wibw.com/prnewswire/2022/06/22/north-island-credit-union-provides-5000-teacher-grants-benefit-educators-amp-students-across-san-diego-county/ | 2022-06-22T15:51:45Z |
SKOPJE, North Macedonia (AP) — North Macedonia has approved a French proposal that opens the way for negotiations to join the European Union and overcome Bulgarian objections.
There were 68 votes in favor of the proposal in the 120-member chamber, with the leftist coalition, which has 61 seats, getting the backing of small ethnic Albanian parties. Opposition lawmakers left the chamber in protest, abstaining from the vote.
Protesters gathered again outside Parliament, as they have done every day for 10 days, but the protest ended peacefully.
Under the proposal, announced by French President Emmanuel Macron last month, North Macedonia would commit to changing its constitution to recognize a Bulgarian minority, protect minority rights and banish hate speech, as Bulgaria, an EU member since 2007, has demanded.
The deal would also unblock the start of negotiations for neighboring Albania, another EU hopeful.
Macron had stressed that the proposal doesn’t question the official existence of a Macedonian language, but he had noted that, like all deals, it “rests on compromises and on a balance.”
But revising the constitution may prove too high a hurdle, since that requires a two-thirds majority, or 80 votes. The main opposition party, the center-right VMRO-DPMNE, and its allies, as well as a small leftist party, with 46 seats among them, have declared they will never agree to change the constitution.
Later Saturday, after a cabinet meeting, Prime Minister Dimitar Kovachevski announced that North Macedonia will start accession talks with EU on July 19.
“With this, we conclude another objectively historical step for our country. We have a negotiating framework in which the Macedonian language and identity are protected,” he said.
The country’s ruling coalition has backed the proposal as a reasonable compromise that doesn’t endanger national interests or identity, while the opposition has denounced it a national betrayal that caves in to Bulgaria’s questioning North Macedonia’s history, language, identity, culture and heritage.
The French proposal has also roiled Bulgaria, where Prime Minister Kiril Petkov has accepted it. His centrist government was toppled in a no-confidence vote on June 22 when allies described Petkov’s willingness to lift the veto of North Macedonia into the EU as a “national betrayal.”
EU and US leaders welcomed North Macedonia’s decision to back the deal.
Charles Michel, president of the European Council, called the parliament’s vote “a crucial step for North Macedonia and the EU. Our future is together and we welcome you with open arms.”
U.S. Secretary of State Antony Blinken said “this decision comes at a critical moment for North Macedonia, the Western Balkans, and Europe.”
“A European Union that includes all of the Western Balkans, including Albania and North Macedonia, will be stronger and more prosperous. Now is the time to build momentum,” Blinken said in a statement.
Albanian Prime Minister Edi Rama also hailed North Macedonian parliament’s decision, which also opens the way for EU talks for his country too.
“This is not the end of the road but only the beginning of a new part of the road we want Albania to be in,” he said.
___
Llazar Semini contributed from Tirana, Albania. | https://cw33.com/news/international/ap-international/north-macedonia-parliament-oks-deal-to-set-eu-bid-in-motion/ | 2022-07-17T03:20:23Z |
Jan. 6 committee: More evidence will come in July hearings
WASHINGTON (AP) — More evidence is emerging in the House’s Jan. 6 investigation that lends support to recent testimony that President Donald Trump wanted to join an angry mob that marched to the Capitol where they rioted, a committee member said Sunday.
“There will be way more information and stay tuned,” said Rep. Adam Kinzinger, R-Ill.
The committee has been intensifying its yearlong investigation into the attack on Jan. 6, 2021, and Trump’s efforts to overturn the 2020 election. Rep. Liz Cheney, R-Wyo., the committee’s vice chair, is making clear that criminal referrals to the Justice Department, including against Trump, could follow.
At least two more hearings are scheduled this month that aim to show how Trump illegally directed a violent mob toward the Capitol on Jan. 6, and then failed to take quick action to stop the attack once it began.
The committee also has been reviewing new documentary film footage of Trump’s final months in office, including interviews with Trump and members of his family.
Kinzinger, in a television interview, declined to disclose the new information he referred to and did not say who had provided it. He said many more details emerged after last week’s testimony from former White House aide Cassidy Hutchinson and that nothing had changed the committee’s confidence in her credibility.
“There’s information I can’t say yet,” he said. “We certainly would say that Cassidy Hutchinson has testified under oath, we find her credible, and anybody that wants to cast disparagements on that, who were firsthand present, should also testify under oath and not through anonymous sources.”
In a separate interview, another committee member, Rep. Adam Schiff, D-Calif., said: “We are following additional leads. I think those leads will lead to new testimony.”
In Hutchinson’s appearance before the committee last week, Hutchinson painted a picture of Trump as an angry, defiant president who was trying to let armed supporters avoid security screenings at a rally on the morning of Jan. 6 to protest his 2020 election defeat to Democrat Joe Biden.
Legal experts have said Cassidy’s testimony is potentially problematic for Trump as federal prosecutors investigate potential criminal wrongdoing.
“There could be more than one criminal referral,” said Cheney in an interview that aired Sunday. She said the committee will decide later in the process whether to proceed.
Cassidy also recounted a conversation with Tony Ornato, Trump’s deputy chief of staff for operations, who, she testified, said Trump later grabbed at the steering wheel of the presidential SUV when the Secret Service refused to let him go to the Capitol after the rally.
That account was quickly disputed, however. Bobby Engel, the Secret Service agent who was driving Trump, and Ornato are willing to testify under oath that no agent was assaulted and Trump never lunged for the steering wheel, a person familiar with the matter said. The person would not discuss the matter publicly and spoke on condition of anonymity.
In recent days, the committee has subpoenaed former White House counsel Pat Cipollone and has been seeking more information from Ornato and Engel, who were previously interviewed by investigators.
Committee members hope Cipollone will come forward.
“He clearly has information about concerns about criminal violations, concerns about the president going to the Capitol that day, concerns about the chief of staff having blood on his hands if they didn’t do more to stop that violent attack on the Capitol,” Schiff said. “It’s hard to imagine someone more at the center of things.”
The committee has also been working on setting up an interview with Virginia “Ginni” Thomas, the conservative activist and wife of Supreme Court Justice Clarence Thomas. She was asked to speak to the committee after disclosures of her communications with Trump’s team in the run-up and day of the insurrection at the Capitol.
Kinzinger appeared on CNN’s “State of the Union,” Schiff was on CBS’ “Face the Nation” and Cheney appeared on ABC’s “This Week.”
___
For full coverage of the Jan. 6 hearings, go to https://www.apnews.com/capitol-siege
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/07/03/jan-6-committee-more-evidence-will-come-july-hearings/ | 2022-07-03T18:09:42Z |
JACKSONVILLE, Fla., May 18, 2022 /PRNewswire/ -- LandSouth Construction, a Jacksonville, Fla.-based, award-winning general contractor, has started construction on Apex Apopka Apartments, an upscale multifamily development in Apopka, FL.
Flournoy Partners is the developer for Apex Apopka Apartments. This development continues the ongoing collaboration and relationship between LandSouth and Flournoy Partners. "Flournoy Partners looks forward to another outstanding project with LandSouth," stated Jake Flournoy, Flournoy Partners President. Apex Apopka Apartments is scheduled for completion in early 2024.
"Apopka is a great location for a high-end community like Apex Apopka Apartments," shared James Pyle, LandSouth's President and CEO. "LandSouth is excited to work with Flournoy Partners to offer new options for the growing central Florida area. We look forward to continuing our productive relationship with Jake Flournoy and his team."
Sean Bowman is the LandSouth project manager and Kenneth Wood will be the superintendent for the project. Geheber Lewis and Associates serves as the architectural firm.
Apex Apopka Apartments will be a six-building, four (4) story, interior corridor multifamily development with elevators, totaling 284 units. In addition to the easy access to Highway 429, residents will be able to choose from 17 floor plans, offering one-, two-, and three-bedroom options. Amenities include a clubhouse with an outdoor pavilion / bar area, resort style pool, fire pits, a pet / car wash area, and a 4th floor observation room. The project will also offer six multi-bay freestanding garages as well as internal garages to the residential buildings.
"We are excited to start the construction of Apex Apopka Apartments," stated Sean Bowman, LandSouth's project manager. "Apopka and the surrounding areas have a great demand for an upscale multifamily living community that Apex Apopka Apartments will offer."
LandSouth will employ its unique integrated construction approach to build Apex Apopka Apartments. Service components work together to provide seamless delivery through proven procedures, systems, and technology.
ABOUT LANDSOUTH CONSTRUCTION
LandSouth Construction, the Southeast's premier general contractor, specializing in multifamily, senior living, and mixed-use development, was named one of Engineering News Record's Top 400. Since 1998 LandSouth has transformed ideas into best–in–class communities. Headquartered in Jacksonville, Fla. LandSouth has completed more than 25,000 multifamily units. For more information, call LandSouth's Kaley Robinson, (904) 760-3188, or visit www.landsouth.com.
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SOURCE LandSouth Construction | https://www.kxii.com/prnewswire/2022/05/18/landsouth-breaks-ground-apex-apopka-apartments/ | 2022-05-18T15:17:26Z |
Boaters capture massive rockslide on camera
Published: May. 31, 2022 at 4:51 PM EDT|Updated: 18 minutes ago
(CNN) - Boaters captured the moment a massive rockslide happened on Lake Powell in Arizona.
The video is from Mila Carter who was spending time on the lake for Memorial Day with her husband.
The huge slab of rock crashed into the water below.
The second the section of the cliff broke off, Carter’s husband sped away for safety.
No one was injured in their boat.
“Luckily, no one was around,” she said.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.mysuncoast.com/2022/05/31/boaters-capture-massive-rockslide-camera/ | 2022-05-31T21:10:15Z |
SOUTHFIELD, Mich., June 13, 2022 /PRNewswire/ -- The automotive technology company Veoneer is hosting a ride and drive event taking place June 13 - 17 that highlights the company's newest technology advancements that support the future of automated driving and automotive safety.
Demonstrations will take place primarily on the roads of Michigan and will focus on the importance of collaborative driving and the interaction between the driver and safety technologies available in the vehicle.
Guests will experience a full scalable architecture with multiple systems running in one vehicle, ranging from a one sensor system to a complete sensor system that includes Veoneer's stereo vision, radar sensors, and driver monitoring system. Demonstrations will include Veoneer's Thermal Sensing, Driver Monitoring, Radar, Vision, Intelligent Speed Adaptation, Highway Assist, and Collective Perception.
Following the drive demonstrations, guests will have the opportunity to meet with company executives and product experts to take a deeper dive into Veoneer's product portfolio.
Veoneer will also highlight its relationships that support the company's commitment to offering safe, robust, high-quality sensor solutions to vehicle manufacturers globally:
- In our exhibition area, guests will have the opportunity to learn more about Qualcomm Technologies, Inc.' s Arriver™ software on the Snapdragon Ride™ Platform
- Baraja will offer demonstrations of their Spectrum-Scan™ technology that is setting new benchmarks for precision, range, and reliability for LiDAR
- HERE Technologies will share more about how their world leading ADAS, HD maps, and location platform can help automated driving systems be more reliable, safe, and comfortable across all levels of automation
- TriEye will offer a deeper dive into their world's first technology that enables Short-Wave Infrared (SWIR) HD imaging and accurate ranging simultaneously in all visibility conditions through one sensor system for ADAS and autonomous vehicles
"We are excited to be hosting an in-person ride and drive event in North America after two and a half years," says Jacob Svanberg, CEO of Veoneer. "This event is a great opportunity for us to highlight our broad product portfolio of cutting-edge active safety technologies including a full stack of features and functions for the delivery of scalable ADAS, collaborative and autonomous driving solutions."
For more information please contact:
Thomas Jönsson, EVP Communications & IR,
thomas.jonsson@veoneer.com, tel +46 (0)8 527 762 27
Veoneer is an automotive technology company. As a world leader in active safety and restraint control systems, Veoneer is focused on delivering innovative, best-in-class products and solutions. Our purpose is to create trust in mobility. Veoneer is a Tier-1 hardware supplier and system integrator with products being part of more than 125 scheduled vehicle launches for 2022. Headquartered in Stockholm, Sweden, Veoneer has 6,100 employees in 11 countries. The Company is building on a heritage of close to 70 years of automotive safety development.
Snapdragon and Snapdragon Ride are trademarks or registered trademarks of Qualcomm Incorporated. Arriver is a trademark or registered trademark of Arriver Software AB. Arriver software and Snapdragon Ride are products of Qualcomm Technologies, Inc. and/or its subsidiaries.
This information was brought to you by Cision http://news.cision.com
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SOURCE Veoneer | https://www.mysuncoast.com/prnewswire/2022/06/13/veoneer-demonstrates-latest-technologies-scalable-system-architecture-north-american-ride-amp-drive/ | 2022-06-13T13:04:05Z |
ATLANTA (AP) — Robinson Canó remains confident in his skills as he has been given an opportunity to revive his career at 39 while starting — at least on a fill-in basis — for the defending World Series champion Atlanta Braves.
Canó carries a .301 career batting average with more than 2,600 hits, but he struggled in short stints with the New York Mets and San Diego Padres this season.
The Braves, in need of a left-handed hitter who can help at second base, obtained Canó for $1 in a minor league deal with the Padres on Sunday.
Canó instantly joined Atlanta’s starting lineup, playing second base and batting ninth as the Braves opened a series Monday night against his former team, the NL East-leading New York Mets.
“I know what work I’ve put in the offseason and I’ve always believed in myself and the stuff that I do to prepare myself,” Canó said following batting practice on Monday. “I feel that I can still play this game.”
The Braves trailed the Mets by 1 1/2 games going into the three-game set at Truist Park.
Canó gives the Braves another option at second base after Ozzie Albies went down with a broken foot.
With the Mets in town, Canó attracted a large crowd of reporters with no shortage of questions about his past and future.
Asked if he felt he received a fair shot with the Mets, Canó said “I don’t want to go back to the past. … There’s no hard feelings. I’ve got friends on the other side and I always wish them the best.”
Canó hit .256 with New York in 2019 and .316 in only 49 games in 2020.
Canó hit a combined .149 with one homer and four RBIs in 74 at-bats for the Padres and Mets this season. He batted .333 with three homers and 20 RBIs in 96 at-bats for Triple-A El Paso after the Padres released him and re-signed him to a minor league deal last month.
“I think he was rusty when he was here for the first two times,” Braves manager Brian Snitker said of Canó’s early season struggles. “You’re just hoping you get what Robinson Canó is capable of. It’s worth a try. He’s been playing a month in Triple-A and doing well, so we’ll see. He’s in a great shape.”
Snitker managed Canó’s father, José Canó, who was a minor league pitcher for the Class A Durham Braves in 1984.
“He was one of my starters in Durham,” Snitker said.
The younger Canó arrived in Atlanta equipped with stories about Snitker from his dad. He said he’s also heard about the Braves from friends on the team, including his offseason workout partner Marcell Ozuna.
“Everything they’ve said about this team is good,” Canó said.
“I’m excited for the opportunity and also happy to be here. I’ve seen from the other side, the energy and the chemistry and the fans show up every day to support this team.”
Albies fractured his foot last month in an at-bat, and Atlanta has been relying on Orlando Arcia as his replacement.
Arcia was hitting .252 with three homers and 17 RBIs in 123 at-bats this year. Snitker said he’s been pleased with Albies’ replacement, especially his defense.
The Mets owe Canó nearly $45 million remaining on his original contract signed with Seattle. He was earning a prorated share of the $700,000 minimum in his major league deal with San Diego. He sat out last season in serving a second suspension for performance-enhancing drugs.
Canó was an eight-time All-Star while with the New York Yankees and Seattle. He is a two-time Gold Glover with 335 home runs and 1,306 RBIs in 17 seasons.
The Padres signed him to a minor league deal on June 10, eight days after releasing him.
In addition to adding Canó to the 26-man roster, the Braves reinstated outfielder Adam Duvall from the paternity list.
First baseman Mike Ford was optioned to Triple-A Gwinnett and infielder Phil Gosselin was designated for assignment.
The Braves also traded three minor leaguers to Kansas City for the overall No. 35 pick in this month’s MLB draft.
Outfielder Drew Waters, right-handed pitcher Andrew Hoffmann and infielder CJ Alexander were sent to the Royals. Waters will be optioned to Triple-A Omaha while Hoffman and Alexander will be assigned to Double-A Northwest Arkansas.
Waters, 23, hit .246 in 49 games at Triple-A Gwinnett this year. Last season, he stole 28 bases in Triple-A.
Hoffmann, 22, was 7-2 with a 2.36 ERA in 15 starts at High-A Rome. Alexander, 25, hit .258 with 15 home runs and 13 steals in 68 games with Double-A Mississippi.
___
More AP MLB: https://apnews.com/hub/mlb and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/braves-newcomer-cano-starts-vs-mets-who-cut-him-in-may/ | 2022-07-12T14:25:44Z |
Puppy left in hot car with mouth taped shut while man gambled in Las Vegas, police say
LAS VEGAS (KVVU/Gray News) – A man was arrested in Las Vegas after he taped his puppy’s mouth shut and left it in a vehicle while he gambled, according to an arrest report.
The Las Vegas Metropolitan Police Department said Raul Carbajal was arrested Wednesday and charged with torture of an animal after police discovered the puppy inside the vehicle at a Las Vegas Strip parking garage.
Police said the 3-month-old Siberian Husky puppy was found in a locked vehicle on the top floor of the parking garage with its mouth taped shut with electrical tape. Security climbed through the vehicle’s sunroof to rescue the puppy, the arrest report said.
The vehicle was captured on the Bellagio Hotel’s security cameras. Carbajal reportedly parked and then gambled for an hour before returning to his vehicle, the arrest report said.
The inside temperature of the vehicle was about 107.8 degrees at the time of rescue, according to animal control. The vehicle was in direct sunlight, with the sunroof open, with no water or food for the dog and no air conditioning, the report said.
When Carbajal came back to the vehicle, police said he didn’t say anything to officers and didn’t ask if the puppy was OK.
Carbajal’s bail was set at $5,000, according to court records. His next court hearing was set for Tuesday.
Copyright 2022 KVVU via Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/07/25/puppy-left-hot-car-with-mouth-taped-shut-while-man-gambled-las-vegas-police-say/ | 2022-07-25T21:16:42Z |
Mexico seizes ‘historic’ half-ton of fentanyl at warehouse
Published: Jul. 7, 2022 at 5:39 PM CDT|Updated: 18 minutes ago
MEXICO CITY (AP) - Mexico’s army and National Guard have made what they call a “historic” seizure of over a half-ton of fentanyl at a warehouse in the northern city of Culiacan.
Synthetic opioids like fentanyl have been behind a major increase in overdose deaths in the United States.
As little as two milligrams of fentanyl can be lethal.
The nearly 1,200 pounds found at the warehouse could have produced millions of the counterfeit pills in which fentanyl is usually offered.
The Defense Department said Thursday that over a half-ton of meth was also found in the July 2 raid.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/07/07/mexico-seizes-historic-half-ton-fentanyl-warehouse/ | 2022-07-07T22:58:25Z |
Complimentary White Paper Explores Current Market Conditions and Contributing Causes
- Black Knight monitors housing market conditions via its HomePriceTrends platform and assigns market condition ratings (MCR) based on a number of quantitative indicators
- For-sale inventories are near historic lows, with significant implications for home affordability and severe shortages across all price ranges in nearly all major U.S. markets
- MCR criteria are interrelated, but one factor stands out from the rest as a driver in this current cycle: Months of Remaining Inventory (MRI)
- In a complimentary white paper, Black Knight analyzes property-level data from the top 100 metros to explain why home inventories are so low, and trending toward zero
JACKSONVILLE, Fla., June 6, 2022 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE:BKI) announced the release of a complimentary white paper analyzing dwindling single-family home inventory in major markets across the United States. The paper delves into the causal factors contributing to low inventories – a key driver in the nation's growing housing affordability crisis. Black Knight monitors available home inventories as part of its HomePriceTrends platform. Market Condition Ratings (MCR), which include home inventory data, are among the more than 200 reports designed to meet the valuation needs of real estate professionals, lenders, brokers and investment bankers, as well as anyone who requires fast, reliable and cost-effective residential property market information and data.
"Historically, markets maintaining four to six months of inventory would have been defined as being in equilibrium," said Michael Sklarz, managing director of the Collateral Analytics division of Black Knight. "Not only have overall months of remaining inventory (MRI) figures converged toward less than two months in recent years, but higher-priced homes – which have historically required substantially more time to sell – have been in increasingly short supply."
The paper includes HomePriceTrends MRI data for the nation's top 200 home sales markets and discusses seven factors contributing to current extreme market conditions, including would-be sellers who may be afraid to list their current home for fear of being unable to find a suitable replacement.
"We don't know how long the housing market will remain in a state of seller paralysis," Sklarz continued. "But to the extent that low inventories become the new normal, buyers will need to enhance their search and offer strategies. Agents and brokers will need to become adept at using technology – on both sides of the purchase transaction – to ensure they are providing buyers and sellers with the most current and accurate information."
View the complimentary white paper "Trending Toward Zero."
About Black Knight
Black Knight, Inc. (NYSE:BKI) is an award-winning software, data and analytics company that drives innovation in the mortgage lending and servicing and real estate industries, as well as the capital and secondary markets. Businesses leverage our robust, integrated solutions across the entire homeownership life cycle to help retain existing customers, gain new customers, mitigate risk and operate more effectively.
Our clients rely on our proven, comprehensive, scalable products and our unwavering commitment to delivering superior client support to achieve their strategic goals and better serving their customers. For more information on Black Knight, please visit www.blackknightinc.com/.
For more information:
Michelle Kersch
904.854.5043
michelle.kersch@bkfs.com
Mitch Cohen
704.890.8158
mitch.cohen@bkfs.com
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SOURCE Black Knight, Inc. | https://www.kxii.com/prnewswire/2022/06/06/trending-toward-zero-black-knight-home-price-trends-data-shows-single-family-home-inventories-remain-near-historic-low/ | 2022-06-06T14:31:11Z |
ATHENS, Ga., Sept. 6, 2022 /PRNewswire/ -- ByoPlanet International®, the technology innovation leader for infection-prevention and health-related products, today announced the launch of ByoPlanet Solutions as an extension of the parent company. ByoPlanet Solutions will bring new technology-driven commercial and consumer brands to market.
"ByoPlanet Solutions was created so that we could have a platform to commercialize meaningful products through the technology we develop," said Rick O'Shea, President of ByoPlanet International®. "Our team of incredible engineers and chemists continually develop exciting technologies in the health and wellness space. Before now, we never used our technology in products that we've launched ourselves. This is a very exciting time for our company."
Clean Republic, the first brand to launch under ByoPlanet Solutions, is a line of electrostatic sprayers and environmentally friendly disinfectants & cleaners formulated with hypochlorous acid. The force behind the Clean Republic brand is the patented induction charged technology and in-house chemical reactor from ByoPlanet International®.
"We have a unique opportunity to address a specific niche where our technology can be used to help people," said Mr. O'Shea. "We say ByoPlanet International® is 'where health & technology meet'. Trying to find solutions to keep the public healthy is why we started this company back in 2010. And that intersection is now ByoPlanet Solutions."
ByoPlanet Solutions will bring innovation directly to businesses and consumers, presenting exciting opportunities to challenge existing formulas and offer innovative new products, expanding the base and reach of the parent label.
ByoPlanet International®, founded in 2010, is a research and technology development organization focused on engineering infection-prevention and health-related technologies. The company developed the first air-assisted electrostatic spray technology to combat bacteria & viruses, which helped to reduce infection rates on cruise ships and food processing plants, in classrooms, in EMS vehicles and ambulances as well as other industries. The company continues to invent and design new technologies and advance their knowledge and insights in the health & wellness space.
Media Contact:
Marla Rosen
mrosen@byoplanet.com
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SOURCE ByoPlanet International | https://www.wibw.com/prnewswire/2022/09/06/byoplanet-international-establishes-byoplanet-solutions-launch-new-product-portfolio/ | 2022-09-06T19:07:05Z |
Fairport Wealth continues its regional expansion with the addition of a $350 million team specializing in tax-aware wealth management services and retirement-plan consulting
CHICAGO, Aug. 18, 2022 /PRNewswire/ -- Hightower today announced that it has facilitated a merger for Fairport Wealth, a Hightower advisory business in Cleveland, Ohio. A team led by Brian Geary, an advisor in Buffalo, N.Y. with $350 million in assets under management (AUM), will join Fairport Wealth's growing business of wealth management professionals, bringing Fairport's total AUM to $3.3 billion.
Mr. Geary and his team specialize in tax-aware wealth management for high-net-worth clients, and retirement plan consulting for corporations. The business will operate in Buffalo under the Fairport Wealth brand name. Prior to joining Fairport, the team operated as part of Linwood Investment Advisors in Buffalo.
With the addition of Mr. Geary's team, Fairport Wealth will have 4 offices across the Midwest and surrounding regions with 55 employees, including 28 advisors, serving nearly 1700 families. Fairport Wealth serves executives, business owners and other affluent individuals to help them reach their life goals, with specific offerings for women and those in transition. Fairport President Matt Logar said, "Brian's care for his clients and their families was apparent from our very first conversation. We are excited to gain his skillset on our team and help bolster his successful practice to serve and inspire clients for generations to come."
"For the past three years, our practice has grown organically at a rate of 15%," Mr. Geary said. "It was becoming clear that, to grow it further, we needed to join a well-resourced entity that could provide us with scale, operational support and a suite of services tailored to our affluent clients. At Fairport, we'll gain access to a deep bench of investment and tax knowledge, with a direct line to Hightower's National Trust Company and estate planning services. At the same time, our business-owner clients will benefit from Hightower's support for client companies undergoing a sale, merger or capital-raise."
"Brian and the team are an excellent fit for Fairport Wealth, with its dedicated culture of supporting advisors serving sophisticated clients," said Hightower Chairman and CEO Bob Oros. "As part of Fairport and the broader Hightower family, Brian and his team will be able to put their focus squarely on serving their clients, while gaining access to institutional-class operational support and value-added services to amplify growth. It was a pleasure overseeing this transaction from start to finish."
The Hightower M&A team has professionals dedicated to helping Hightower advisory businesses execute sub-acquisitions—providing sourcing, valuation, deal structuring, due diligence, legal and regulatory, pre- and post-close integration, and capital resources for transactions. This is Fairport Wealth's third sub-acquisition in the last three years, having added to its expansion regionally. In 2021, Fairport added FMA Advisory of Harrisburg, Pa., and in 2019, Fairport added Leonetti & Associates, an existing Hightower advisory business located in Buffalo Grove, Ill.
In addition to inorganic support, Hightower offers its 130 advisory businesses in 34 states and the District of Columbia a range of services designed to catalyze and accelerate organic growth, including business development consulting, leadership and team development, talent acquisition, marketing support, technology, investment management resources, compliance, accounting, payroll and human resources. Advisors benefit from streamlined access to the Hightower National Trust Company, estate & financial planning, and business management services such as personal CFO, bookkeeping, bill pay and tax preparation for their clients.
As of June 30, 2022, Hightower's assets under management (AUM) were $108.4 billion, and assets under administration were approximately $132.6 billion.
Hightower is a wealth management firm that provides investment, financial and retirement planning services to individuals, foundations and family offices, as well as 401(k) consulting and cash management services to corporations. Hightower's capital solutions, operational support services, size and scale empower its vibrant community of independent-minded wealth advisors to grow their businesses and help their clients achieve their vision of "well-th. rebalanced." Based in Chicago with advisors across the U.S., the firm operates as a registered investment advisor (RIA). Learn more about Hightower's collaborative business model at www.hightoweradvisors.com.
Securities offered through Hightower Securities, LLC member FINRA/SIPC. Hightower Advisors, LLC is a SEC registered investment advisor.
Media Contact:
Patty Buchanan
JConnelly
(973) 567-9415
pbuchanan@jconnelly.com
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SOURCE Hightower | https://www.mysuncoast.com/prnewswire/2022/08/18/hightower-facilitates-its-third-sub-acquisition-fairport-wealth-adding-advisory-team-based-buffalo/ | 2022-08-18T14:12:13Z |
DENVER, April 1, 2022 /PRNewswire/ -- Principal Real Estate Income Fund (the "Fund"), which is traded on the New York Stock Exchange under the symbol "PGZ," is pleased to announce a 5.00% increase in its monthly distributions to $0.105 per share beginning in May, payable on the dates noted below. Based on the Fund's current net asset value share price of $17.09 (as of market close on March 29, 2022), the distributions represent an annualized distribution rate of 7.37%.
The following dates apply to the distributions declared:
RISKS
This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund's distributions. In early 2023, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder's tax return (e.g., ordinary income, long-term capital gain or return of capital). An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program. The Fund is designed as a long-term investment and not as a trading vehicle.
Investing in the Fund involves risks, including the risk that you may receive little or no return on your investment or that you may lose part or even all of your investment and exposure to below-investment grade investments (i.e., "junk bonds"). The Fund's net asset value will vary and its distribution rate may vary and both may be affected by numerous factors, including changes in the market spread over a specified benchmark, market interest rates and performance of the broader equity markets. Fluctuations in net asset value may be magnified as a result of the Fund's use of leverage. Therefore, before investing you should carefully consider the risks that you assume when you invest in the Fund's common shares.
Securities backed by commercial real estate assets are subject to market risks similar to those of direct ownership of commercial real estate assets including, but not limited to, declines in the value of real estate, declines in rental or occupancy rates and risks related to general and local economic conditions.
The Fund's investment objectives and policies are not designed to seek to return the initial investment to investors that purchase shares.
Sources of distributions to shareholders may include net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. If a distribution includes anything other than net investment income, the fund provides a Section 19(a) notice of the best estimate of its distribution sources at that time, available at www.principalcef.com. These estimates may not match the final tax characterization (for the full year's distributions) contained in shareholders' 1099-DIV forms after the end of the year. Past performance is not a guarantee of future results.
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain an annual report or semi-annual report which contains this and other information visit www.principalcef.com or call 855.838.9485. Please read them carefully before investing.
Shares of closed-end investment companies frequently trade at a discount from their net asset value and initial offering prices.
NOT FDIC INSURED | May Lose Value | No Bank Guarantee
The Fund is a closed-end fund and does not continuously issue shares for sale as open-end mutual funds do. Since the initial public offering, the Fund now trades in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market's value.
ALPS Advisors, Inc. is the investment adviser to the Fund.
Principal Real Estate Investors LLC is the investment sub-adviser to the Fund. Principal Real Estate Investors LLC is not affiliated with ALPS Advisors, Inc. or any of its affiliates.
ALPS Portfolio Solutions Distributor, Inc. is the FINRA Member firm.
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology. Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
ALPS Advisors, Inc., a wholly-owned subsidiary of SS&C Technologies, Inc., is a leading provider of investment products for advisors and institutions. With over $17.6 billion in assets under management as of December 31, 2021, the firm is an open architecture boutique investment manager offering portfolio building blocks, active insight, and an unwavering drive to guide clients to investment outcomes across sustainable income, thematic and alternative growth strategies. For more information, visit www.alpsfunds.com.
Principal Real Estate Investors manages or sub-advises $105.8 billion in commercial real estate assets, as of December 31, 2021. The firm's real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®.
*Registered Representative of ALPS Distributors, Inc.
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SOURCE Principal Real Estate Income Fund | https://www.mysuncoast.com/prnewswire/2022/04/01/principal-real-estate-income-fund-increases-its-monthly-distributions-500-0105-per-share/ | 2022-04-01T22:09:19Z |
The Court Approves Approximately $2.3 Billion in Initial Settlements Negotiated by the Coalition
Coalition Representing Childhood Sexual Abuse Survivors Brokers Largest Sexual Abuse Settlement Fund in History
NEW YORK, July 29, 2022 /PRNewswire/ -- The Coalition of Abused Scouts for Justice ("Coalition"), today commented on the confirmation from the United States Bankruptcy Court for the District of Delaware on the Plan of Reorganization ("the Plan") for the Boy Scouts of America ("BSA").
The Coalition, which was co-founded by Anne Andrews of Andrews & Thornton and Adam Slater of Slater Slater Schulman LLP, released the following statement:
"Today is a historic day for tens of thousands of survivors of childhood sexual assault. The confirmation of this Plan makes closure possible and some measure of justice tangible for people whose voices have been silenced for far too long. Today's decision means that tens of thousands of people who were abused as children will be eligible for compensation within their lifetime.
"From the beginning, this case has been marked by its scope and complexity. The Court found that the BSA's liability for abuse claims is most likely between $2.4 billion and $3.6 billion, and approved settlements that will provide for initial funding of $2.279 billion to survivors: $78 million from the BSA, $515 million from local councils, $30 million from the United Methodist Church, and $1.656 billion from settling insurers. Notably, all of the initial settlements were negotiated by the Coalition.
"Judge Silverstein reviewed the Plan and concluded that it was proposed in good faith. This was personally important to us, given the large volume of stakeholders in this bankruptcy proceeding, as well as the length of time that has elapsed since the BSA filed for Chapter 11 protection more than two years ago.
"Throughout this case, what we've heard time and again from survivors is that it's not only about the money, because no amount of money in the world will make up for being sexually abused as a child. The most important thing to them has been ensuring the safety of current and future Scouts. That is why the Coalition jointly formed a Survivor Advisory Working Group with the BSA, and secured commitment from the BSA to appoint a survivor to its National Executive Board, and from the Ad Hoc Committee of Local Councils to include survivors to the boards of 250 local councils. For the first time in its 100-year history, survivors will have a seat at the table in the rooms of power and a real voice in youth protection."
The Coalition expects that the BSA will complete its financial restructuring process and emerge from Chapter 11 after the conditions of the Plan are satisfied.
The Coalition was formed in early 2020 and is led by Anne Andrews and Sean Higgins of Andrews & Thornton and Adam Slater and Jonathan Schulman of Slater Slater Schulman LLP. It includes more than two dozen law firms representing more than 70,000 the approximately 82,500 survivor-claimants in the BSA bankruptcy case. Under the terms of the Plan, a comprehensive reorganization of BSA will be completed that will result in more than $2.3 billion in compensation being paid to survivors for the past sexual abuse they suffered as children. The Plan will also implement critical safety measures and protections for current and future generations of Scouts, as well as ensure the BSA has a future beyond bankruptcy.
Media Contact
Andrew Merrill / Brian Schaffer / Joan Vollero
pro-casfj@prosek.com
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SOURCE The Coalition of Abused Scouts for Justice | https://www.kxii.com/prnewswire/2022/07/29/coalition-abused-scouts-justice-releases-statement-historic-boy-scouts-america-bankruptcy-plan/ | 2022-07-30T00:00:17Z |
NEW YORK, May 31, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Volta Inc. (NYSE: VLTA) alleging that the Company violated federal securities laws.
Class Period: August 2, 2021 to March 28, 2022
Lead Plaintiff Deadline: May 31, 2022
No obligation or cost to you.
Learn more about your recoverable losses in VLTA:
https://www.kleinstocklaw.com/pslra-1/volta-inc-loss-submission-form?id=27799&from=4
Volta Inc. NEWS - VLTA NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Volta Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Volta had improperly accounted for restricted stock units issued in connection with the business combination of Volta Industries, Inc. ("Legacy Volta") and Tortoise Acquisition Corp. II; (2) as a result, the Company had understated its net loss for third quarter 2021; (3) there were material weaknesses in the Company's internal control over financial reporting that resulted in a material error; (4) as a result of the foregoing, the Company would restate its financial statements; (5) as a result of the foregoing, Legacy Volta's founders would imminently exit the Company; (6) as a result, the Company's financial results would be adversely impacted; and (7) 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.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Volta you have until May 31, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Volta securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the VLTA lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/volta-inc-loss-submission-form?id=27799&from=4.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
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SOURCE The Klein Law Firm | https://www.wibw.com/prnewswire/2022/05/31/vlta-alert-klein-law-firm-announces-lead-plaintiff-deadline-may-31-2022-class-action-filed-behalf-volta-inc-shareholders/ | 2022-05-31T18:37:49Z |
ORLANDO, Fla., May 13, 2022 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) (the "Company") today announced its board of directors authorized a quarterly cash dividend of $0.62 per share of common stock. The dividend is payable on or around June 9, 2022 (the "Payment Date") to shareholders of record as of the close of business on May 26, 2022 (the "Record Date").
About Marriott Vacations Worldwide Corporation
Marriott Vacations Worldwide Corporation (NYSE:VAC) is a leading global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. The Company has over 120 vacation ownership resorts and approximately 700,000 owner families in a diverse portfolio that includes some of the most iconic vacation ownership brands. The Company also operates exchange networks and membership programs comprised of nearly 3,200 affiliated resorts in over 90 nations, as well as provides management services to other resorts and lodging properties. As a leader and innovator in the vacation industry, the Company upholds the highest standards of excellence in serving its customers, investors and associates while maintaining exclusive, long-term relationships with Marriott International, Inc. and Hyatt Hotels Corporation for the development, sales and marketing of vacation ownership products and services. For more information, please visit www.marriottvacationsworldwide.com.
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SOURCE Marriott Vacations Worldwide Corporation | https://www.mysuncoast.com/prnewswire/2022/05/13/marriott-vacations-worldwide-corporation-announces-quarterly-cash-dividend/ | 2022-05-13T14:20:09Z |
Woman found beaten to death in Makaha, teen arrested for murder | UPDATE
By Web Staff
Click here for updates on this story
MAKAHA, Hawaii (KITV) — A 19-year-old man was arrested for second-degree murder in connection to the beating death of a woman in Makaha, early Wednesday morning.
Honolulu Police (HPD) officers responded around 11:40 p.m. Tuesday after witnesses reported seeing a man beating a woman in the middle of Farrington Highway, near Upena Street.
When officers arrived they said they found the badly beaten woman lying unconscious in the roadway. An Emergency Medical Services (EMS) crew soon arrived and tried to revive the woman but she was pronounced dead at the scene. So far she has only been identified as being 38 years old.
Officers said they found the 19-year-old suspect on an adjacent street near the scene. He was arrested without incident on a complaint of second-degree murder. His identity will be released once he is formally charged.
In a press conference, HPD officials said the suspect and victim were related to each other but did not elaborate on what the relationship was. Authorities said the two were arguing before the teen allegedly started to physically assault the woman.
Police said no weapons were recovered and they believe the woman’s injuries all resulted from physical force.
The teen sustained some injuries and was taken to the hospital for treatment. The extent of his injuries was not released. Police said other than a juvenile record, this is the first offense he has had in the adult justice system.
Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform. | https://localnews8.com/cnn-regional/2022/04/20/woman-found-beaten-to-death-in-makaha-teen-arrested-for-murder-update/ | 2022-04-21T05:44:06Z |
Thousands take steps together to provide hope for life beyond the devastation of blood cancer
RYE BROOK, N.Y., Sept. 14, 2022 /PRNewswire/ -- When you or someone you love hears the words 'you have cancer,' it's perhaps the darkest moment in your life. Today, the global leader in the fight against blood cancer, The Leukemia & Lymphoma Society (LLS), kicked off its trailblazing 2022 Light The Night® campaign bringing together communities to share hope and light — two things that can feel needed and inspiring to those contending with the ripple effects of blood cancer.
Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/8922358-the-leukemia-and-lymphoma-society-light-the-night-2022-events/
Culminating in over 100 evening events each fall, communities across North America will join together at Light The Night carrying illuminated lanterns to take steps to end cancer – white for survivors, red for supporters, and gold in memory of loved ones lost to cancer.
The funds raised through Light The Night are used to support LLS's mission priorities: Research, Education & Support and Policy & Advocacy. Through campaigns like Light The Night, LLS has invested more than $1.5 billion since its inception in research to advance breakthrough therapies.
New this year, LLS proudly introduced its first Light The Night College Ambassador, Davis Warren. Warren is a leukemia survivor, who not only battled cancer to get back on the field, but he has thrived and is currently a quarterback for a Power Five team, the University of Michigan Wolverines. Warren wants to inspire and help others in their battle with cancer.
"Every 180 seconds, someone in the U.S. has their life turned upside down by a blood cancer diagnosis," said Coker Powell, LLS Chief Development Officer. "Through Light The Night, communities envision a world one day without the devastation of blood cancer."
LLS knows that inspiration is crucial to navigating a complex blood cancer journey, and they certainly were for 2022 National Light The Night Honored Hero, Harper, who was diagnosed with infantile acute lymphoblastic leukemia at just 10 weeks old, with a 10 percent chance of survival.
After being admitted to her local children's hospital, Harper was enrolled in an LLS-funded clinical trial that saved her life. She is now a healthy five-year-old in remission, and her family raises funds for Light The Night in her honor.
While many children survive leukemia, the most common type of pediatric cancer, the treatments are harsh and outdated. Through LLS's Dare to Dream Project, LLS is taking on children's cancer from every direction, disrupting the status quo with a bold vision for young patients – to not only survive their cancer, but thrive in their lives after treatment.
As LLS's National Light The Night Presenting Sponsors of Survivorship & Hope since 2018, Pharmacyclics, LLC, an Abbvie Company and the Janssen Pharmaceutical Companies of Johnson & Johnson* joined forces with LLS to shine a spotlight on what it means to be a cancer survivor. And LLS is thrilled to announce in its inaugural year the National Light The Night Presenting Sponsor of Celebration & Community, Kite, a Gilead Company.
"Creating a world without blood cancer takes all of us," said Powell. "And LLS proudly and gratefully acknowledges the generosity of our supporters."
LLS sponsors include National Presenting Sponsor of Survivorship & Hope, Pharmacyclics, LLC, an Abbvie Company and the Janssen Pharmaceutical Companies of Johnson & Johnson, National Presenting Sponsor of Celebration & Community, Kite, a Gilead Company, and the following Light The Night National Partners who contribute immensely to the LLS mission, Leading Lights: Walgreens and The Wawa Foundation; Luminary Sponsors: AbbVie, Amgen, AstraZeneca, BeiGene, Bristol Myers Squibb, Burn Boot Camp, Elbit Systems of America, FIS, Genentech, Pfizer, Takeda Oncology.
For more information or to get involved, visit www.lightthenight.org and follow on social media, @LLSusa, #LightTheNight.
Blood cancer patients and their families should contact the LLS Information Resource Center at (800) 955-4572, Monday through Friday, 9 a.m. to 9 p.m., ET
The Leukemia & Lymphoma Society® (LLS) is a global leader in the fight against cancer. The LLS mission: Cure leukemia, lymphoma, Hodgkin's disease and myeloma. LLS funds lifesaving blood cancer research around the world, provides free information and support services, and is the voice for all blood cancer patients seeking access to quality, affordable, coordinated care.
Founded in 1949 and headquartered in Rye Brook, NY, LLS has regional offices throughout the United States and Canada. To learn more, visit www.LLS.org. Patients should contact the LLS Information Resource Center at (800) 955-4572, Monday through Friday, 9 a.m. to 9 p.m., ET.
For additional information visit lls.org/lls-newsnetwork. Follow us on Facebook, Twitter, and Instagram.
Footnote
*Sponsorship funding provided by Janssen Biotech, Inc.
Kristin Hoose
The Leukemia & Lymphoma Society
(914) 821-8973
Kristin.Hoose@lls.org
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SOURCE The Leukemia & Lymphoma Society (LLS) | https://www.wibw.com/prnewswire/2022/09/14/light-night-events-illuminate-skies-across-north-america-bring-light-darkness-cancer/ | 2022-09-14T15:00:02Z |
SHANGHAI, March 31, 2022 /PRNewswire/ -- 51job, Inc. (Nasdaq: JOBS) ("51job" or the "Company"), a leading provider of integrated human resource services in China, announced today its unaudited financial results for the fourth quarter and fiscal year of 2021 ended December 31, 2021.
Fourth Quarter 2021 Financial Highlights:
- Net revenues increased 15.7% over Q4 2020 to RMB1,345.2 million (US$211.1 million)
- Online recruitment services revenues increased 12.0%
- Other human resource related revenues increased 19.0%
- Income from operations was RMB304.6 million (US$47.8 million)
- Fully diluted earnings per share was RMB5.23 (US$0.82)
- Non-GAAP adjusted fully diluted earnings per share[1] was RMB5.99 (US$0.94)
Fiscal Year 2021 Financial Highlights:
- Net revenues increased 19.8% from 2020 to RMB4,420.4 million (US$693.7 million)
- Online recruitment services revenues increased 11.6%
- Other human resource related revenues increased 31.3%
- Income from operations was RMB551.3 million (US$86.5 million)
- Fully diluted earnings per share was RMB9.40 (US$1.47)
- Non-GAAP adjusted fully diluted earnings per share was RMB13.12 (US$2.06)
Fourth Quarter 2021 Unaudited Financial Results
Net revenues for the fourth quarter ended December 31, 2021 were RMB1,345.2 million (US$211.1 million), an increase of 15.7% from RMB1,163.1 million for the same quarter in 2020.
Online recruitment services revenues for the fourth quarter of 2021 increased 12.0% to RMB617.7 million (US$96.9 million) compared with RMB551.6 million for the same quarter in 2020, primarily due to an improvement in hiring sentiment, demand and activity from employers in 2021.
Other human resource related revenues for the fourth quarter of 2021 increased 19.0% to RMB727.5 million (US$114.2 million) from RMB611.5 million for the same quarter in 2020. The growth was primarily driven by robust employer demand for seasonal campus recruitment, business process outsourcing and training services in 2021.
Cost of services for the fourth quarter of 2021 increased 29.1% to RMB535.2 million (US$84.0 million) from RMB414.5 million for the same quarter in 2020, primarily due to higher employee compensation expenses, headcount additions and greater direct costs, such as venue rental, media production and technology support, incurred in providing campus recruitment services to employers. Gross profit for the fourth quarter of 2021 increased 8.2% to RMB810.0 million (US$127.1 million) from RMB748.6 million for the same quarter in 2020. Gross margin, which is gross profit as a percentage of net revenues, was 60.2% in the fourth quarter of 2021 compared with 64.4% for the same quarter in 2020.
Operating expenses for the fourth quarter of 2021 increased 28.9% to RMB505.4 million (US$79.3 million) from RMB392.0 million for the same quarter in 2020. Sales and marketing expenses for the fourth quarter of 2021 increased 34.3% to RMB403.6 million (US$63.3 million) from RMB300.6 million for the same quarter in 2020, primarily due to higher employee compensation expenses, staff additions and greater spending on advertising and brand awareness campaigns. Advertising and promotion expenses increased 27.7% to RMB90.0 million (US$14.1 million) for the fourth quarter of 2021 from RMB70.5 million for the same quarter in 2020.
General and administrative expenses for the fourth quarter of 2021 increased 11.3% to RMB101.8 million (US$16.0 million) from RMB91.4 million for the same quarter in 2020, primarily due to higher employee compensation expenses
Income from operations for the fourth quarter of 2021 was RMB304.6 million (US$47.8 million) compared with RMB356.6 million for the fourth quarter of 2020. Operating margin, which is income from operations as a percentage of net revenues, was 22.6% for the fourth quarter of 2021 compared with 30.7% for the same quarter in 2020. Excluding share-based compensation expense, operating margin would have been 24.9% for the fourth quarter of 2021 compared with 33.7% for the same quarter in 2020.
The Company recognized a loss from foreign currency translation of RMB10.9 million (US$1.7 million) in the fourth quarter of 2021 compared with RMB33.9 million in the fourth quarter of 2020, primarily due to the impact of the change in exchange rate between the Renminbi and the U.S. dollar on the Company's U.S. dollar cash deposits.
The Company recognized a mark-to-market, non-cash loss of RMB10.7 million (US$1.7 million) in the fourth quarter of 2021 compared with RMB9.4 million in the fourth quarter of 2020 associated with a change in fair value of listed equity securities investment in Huali University Group Limited, which is traded on the Hong Kong Stock Exchange. The Company also recognized RMB3.4 million (US$0.5 million) in professional services fees and administrative expenses related to the proposed going-private transaction in the fourth quarter of 2021.
Other income in the fourth quarter of 2021 included local government financial subsidies of RMB98.6 million (US$15.5 million) compared with RMB14.9 million in the fourth quarter of 2020.
Net income attributable to 51job for the fourth quarter of 2021 was RMB355.2 million (US$55.7 million) compared with RMB342.0 million for the same quarter in 2020. Fully diluted earnings per share for the fourth quarter of 2021 was RMB5.23 (US$0.82) compared with RMB5.01 for the same quarter in 2020.
In the fourth quarter of 2021, total share-based compensation expense was RMB29.9 million (US$4.7 million) compared with RMB35.0 million in the fourth quarter of 2020.
Excluding share-based compensation expense, loss from foreign currency translation and change in fair value of listed equity securities investment, as well as the related tax effect of these items, non-GAAP adjusted net income attributable to 51job for the fourth quarter of 2021 was RMB406.7 million (US$63.8 million) compared with RMB420.1 million for the fourth quarter of 2020. Non-GAAP adjusted fully diluted earnings per share was RMB5.99 (US$0.94) in the fourth quarter of 2021 compared with RMB6.16 in the fourth quarter of 2020.
Fiscal Year 2021 Unaudited Financial Results
Net revenues in 2021 were RMB4,420.4 million (US$693.7 million), an increase of 19.8% from RMB3,689.0 million in 2020
Online recruitment services revenues in 2021 increased 11.6% to RMB2,396.2 million (US$376.0 million) from RMB2,147.3 million in 2020. The increase was primarily due to the improvement in business activity and more recruitment needs of employers in China in 2021.
Other human resource related revenues in 2021 increased 31.3% to RMB2,024.2 million (US$317.6 million) from RMB1,541.6 million in 2020, primarily due to resilient customer demand and usage of the Company's training, campus recruitment, placement and business process outsourcing services.
Cost of services in 2021 increased 32.9% to RMB1,676.7 million (US$263.1 million) from RMB1,261.7 million in 2020, primarily due to higher employee compensation expenses and headcount additions. Gross profit in 2021 increased 13.0% to RMB2,743.7 million (US$430.5 million) from RMB2,427.2 million in 2020. Gross margin was 62.1% in 2021 compared with 65.8% in 2020.
Income from operations in 2021 decreased 36.4% to RMB551.3 million (US$86.5 million) from RMB867.1 million in 2020, primarily due to the significant increase in sales and marketing expenses in 2021. Operating margin was 12.5% in 2021 compared with 23.5% in 2020. Excluding share-based compensation expense, operating margin would have been 15.9% in 2021 compared with 27.4% in 2020.
Net income attributable to 51job in 2021 was RMB640.7 million (US$100.5 million) compared with RMB1,097.3 million in 2020. Fully diluted earnings per share in 2021 was RMB9.40 (US$1.47) compared with RMB16.12 in 2020.
Excluding share-based compensation expense, loss from foreign currency translation, and changes in fair value of listed equity securities investment and long-term investment, as well as the related tax effect of these items, non-GAAP adjusted net income attributable to 51job in 2021 was RMB894.4 million (US$140.4 million) compared with RMB1,243.9 million in 2020. Non-GAAP adjusted fully diluted earnings per share was RMB13.12 (US$2.06) in 2021 compared with RMB18.28 in 2020.
As of December 31, 2021, cash and short-term investments totaled RMB10,587.0 million (US$1,661.3 million) compared with RMB10,761.9 million as of December 31, 2020.
Currency Convenience Translation
For the convenience of readers, certain Renminbi amounts have been translated into U.S. dollar amounts at the rate of RMB6.3726 to US$1.00, the noon buying rate on December 30, 2021 in New York for cable transfers of Renminbi as set forth in the H.10 weekly statistical release of the Federal Reserve Board.
Use of Non-GAAP Financial Measures
To supplement the consolidated financial statements presented in accordance with United States Generally Accepted Accounting Principles ("GAAP"), 51job uses non-GAAP financial measures of income before income tax expense, income tax expense, adjusted net income, adjusted net income attributable to 51job and adjusted earnings per share, which are adjusted from results based on GAAP to exclude share-based compensation expense, loss from foreign currency translation and changes in fair value of listed equity securities investment and long-term investment, as well as the related tax effect of these items. The Company believes excluding share-based compensation expense and its related tax effect from its non-GAAP financial measures is useful for its management and investors to assess and analyze the Company's core operating results as such expense is not directly attributable to the underlying performance of the Company's business operations and do not impact its cash earnings. The Company believes excluding loss from foreign currency translation and changes in fair value of listed equity securities investment and long-term investment, as well as the related tax effect, from its non-GAAP financial measures is useful for its management and investors as such translation, mark-to-market gain or loss is not indicative of the Company's core business operations and will not result in cash settlement nor impact the Company's cash earnings. 51job also believes these non-GAAP financial measures excluding share-based compensation expense, loss from foreign currency translation and changes in fair value of listed equity securities investment and long-term investment, as well as the related tax effect of these items, are important in helping investors to understand the Company's current financial performance and future prospects and to compare business trends among different reporting periods on a consistent basis. The presentation of these additional measures should not be considered a substitute for or superior to GAAP results or as being comparable to results reported or forecasted by other companies. The non-GAAP measures have been reconciled to GAAP measures in the attached financial statements.
About 51job
Founded in 1998, 51job is a leading provider of integrated human resource services in China. With a comprehensive suite of HR solutions, 51job meets the needs of enterprises and job seekers through the entire talent management cycle, from initial recruitment to employee retention and career development. The Company's main online recruitment platforms (http://www.51job.com, http://www.yingjiesheng.com, http://www.51jingying.com, http://www.lagou.com, and http://www.51mdd.com), as well as mobile applications, connect millions of people with employment opportunities every day. 51job also provides a number of other value-added HR services, including business process outsourcing, training, professional assessment, campus recruitment, executive search and compensation analysis. 51job has a call center in Wuhan and a nationwide network of sales and service locations spanning more than 30 cities across China.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "targets," "confident" and similar statements. Among other things, statements that are not historical facts, including statements about 51job's beliefs and expectations, as well as 51job's strategic and operational plans, are or contain forward-looking statements. 51job may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. All forward-looking statements are based upon management's expectations at the time of the statements and involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: execution of 51job's strategies and business plans; growth and trends of the human resource services industry in China; market acceptance of 51job's products and services; competition in the industry; 51job's ability to control costs and expenses; 51job's ability to retain key personnel and attract new talent; relevant government policies and regulations relating to 51job's industry, corporate structure and business operations; seasonality in the business; fluctuations in the value of the Renminbi against the U.S. dollar and other currencies; risks related to acquisitions or investments 51job has made or will make in the future; accounting adjustments that may occur during the quarterly or annual close or auditing process; and fluctuations in general economic and business conditions in China and globally, including the impact of the coronavirus or other pandemic. Further information regarding these and other risks are included in 51job's filings with the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release and based on assumptions that 51job believes to be reasonable as of this date, and 51job undertakes no obligation to update any forward-looking statement, except as required under applicable law.
Contact
Investor Relations, 51job, Inc.
Tel: +86-21-6879-6250
Email: ir@51job.com
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SOURCE 51job | https://www.mysuncoast.com/prnewswire/2022/04/01/51job-inc-reports-fourth-quarter-fiscal-year-2021-financial-results/ | 2022-04-01T02:10:25Z |
CALGARY, AB and DENVER, CO, Sept. 6, 2022 /PRNewswire/ - Long View is proud to announce that the company has been recognized as a leader in sustainability by its key partners Microsoft and Cisco — having been named a Sustainability Changemaker by Microsoft Canada and winner of Cisco's Digital Sustainability Challenge 2022.
Microsoft recognized Long View as a Sustainability Changemaker in 2022 for its heavy investment in creating a government machine learning solution that will protect oceans from overfishing and communities from the harmful impact of severe flooding events. They did this by building repeatable, scalable, cross-industry solutions for the modernization of business-critical systems and deploying state-of-the-art artificial intelligence platforms for better business and sustainability decisions. To learn more about this innovative solution, please visit Long View's blog.
Cisco has awarded the company for its work over the past year in partnership with Sensible Building Science to offer clients innovative solutions to automate ventilation, heating and cooling in commercial buildings to zones where occupants are located. This has been proven to provide 5-10% in carbon reductions which, if scaled across a market of 5.5 million commercial buildings, would result in a carbon reduction of 3 to 6 million tonnes. Long View also holds Cisco's Environmental Sustainability Specialization for building and promoting practices around product takeback and is the first partner to achieve this specialization for both Canada and the US. To learn more about Long View's work with Cisco and sustainability, please visit their blog.
"These are just two examples of the innovative, industry-defining projects that Long View has undertaken to move the needle on sustainability," remarks Brent Allison, CEO of Long View. "This work ties directly into our commitment to being around for 100 more years — we strive to be a force for good in the world and are moving towards a brighter future for our people, our clients, and the world around us."
Founded in 1999, Long View uses technology to create digitally dynamic businesses, from building a modern workplace, to modernizing data, to cybersecurity and smart IT spending. This year, the company has also been recognized on Glassdoor's list of Best Places to Work 2022 and is recognized as one of Canada's Best Managed Companies.
About Long View
This is working better. As the pace of digital change accelerates, the dynamic businesses of this world need a partner to help them make sense of what's next. With a workforce comprised of the industry's top players, offices across the continent, and deep partnerships with the most sophisticated technology companies on the planet, we are the partner helping businesses keep pace with the digital world. Our aim is to make the work lives of every employee out there easier, smarter, and happier. We are inviting the whole world, to work better. Learn more at www.longviewsystems.com.
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SOURCE Long View Systems | https://www.mysuncoast.com/prnewswire/2022/09/06/it-services-provider-long-view-is-recognized-an-industry-leader-sustainability-by-cisco-microsoft/ | 2022-09-06T19:07:23Z |
BEIJING, Aug. 30, 2022 /PRNewswire/ -- The 16th annual China Brand Festival took place from August 7 to 9 in Changsha, a city wildly popular with Chinese influencers. Organized by TopBrand Union and the China Convention Exhibition and Event Society, the festival welcomed over 2200 government officials, entrepreneurs, experts and scholars at its opening ceremony, while the total number of guests exceeded 6000.
With a special announcement, TopBrand Union launched its inaugural edition of the TopBrand Global 500, publishing the rankings at www.topbrand500.com.
Apple leads the pack, with its brand valued at USD 799.81 billion, while Microsoft, Google, Amazon and Saudi Aramco rank from second to fifth, as they are valued at USD 667.43 billion, USD 405.53 billion, USD 402.54 billion and USD 377.34 billion, respectively.
In terms of national representation, 210 brands are from the US, taking up 42% of the total and accounting for a combined value of USD 13 trillion. The second most represented country is China, with 122 brands in the top 500, which are worth USD 5.65 trillion. Japan ranks third with 42 representatives holding a combined value of USD 1.52 trillion.
The only Chinese brand in the top 10 is China National Petroleum Corporation, ranking ninth with a valuation of USD 280.28 billion. The top 20 also includes Sinopec, State Grid and Huawei, ranking 11th, 14th and 18th, respectively. Meanwhile, Taiwanese semiconductor giant TSMC is ranked 23rd, while tech leaders Tencent and Alibaba take up 29th and 30th place. The brand behind the most expensive stock on the Chinese market, Guizhou Moutai, is 64th.
The highest valued Japanese brand is Toyota, which sits at 15th place as it is worth USD 204.52 billion. It is followed by Sony, which ranks 55th, while other strong brands, such as Honda, Hitachi, Panasonic, Mitsubishi, SoftBank and Nintendo also make it into the top 500.
French brands occupy 19 spots on the list as LVMH ranks 42nd with a valuation of USD 114.89 billion. Other prominent names such as Airbus and Michelin, also find their way into the rankings.
German brands perform well as 18 of them enter the top 500, including Merck, Siemens, Volkswagen, Mercedes-Benz, Allianz, BMW, Bayer and Adidas, among others.
There are also 16 established British brands which enter the elite 500, led by THG, AstraZeneca, Unilever, GlaxoSmithKline, Rio Tinto and HSBC.
The technology sector dominates the brand rankings as its representatives have a whooping total value of USD 61.13 trillion. Despite some occasional doubts, investors continue to bet on a more digital and smarter economy.
The pharmaceutical sector comes in second, with its ranked brands valued at a combined USD 18.18 trillion. It is spearheaded by the giants Pfizer, Roche, and Eli Lilly, but the positioning of most companies within the sector will likely be more closely linked to their R&D capacity in the post-pandemic era.
The oil and gas sector comes in a close third as its entries in the top 500 have a combined value of USD 17.14 trillion. It will be important to keep an eye on the potential impact of structural transformations and short-term price fluctuations in the industry.
The sample pool examined by the TopBrand Union research team includes 37164 companies, covering 47 major stock markets. The valuation methodology is vetted by an international and independent Global Expert Review Board, including over 20 thought leaders and executives. It takes into account five categories of indicators, namely: brand internationalization, brand awareness, brand management, brand reputation and core brand strength.
Prof. Wang Yong, Chairman of the Board at TopBrand Union and Secretary-General of the China Brand Festival, explains that the research and preparation for the compilation of the TopBrand Global 500 took up nearly one full year. He plans to lead his team toward making further progress in the field of brand valuation and to continue providing valuable insights into the branding industry.
Contact:Ivo Ganchev
E-mail:ivo@brandcn.com
Tel.:0086-18612615091
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SOURCE TopBrand Union | https://www.kxii.com/prnewswire/2022/08/30/topbrand-global-500-2022-apple-microsoft-shine-new-rankings/ | 2022-08-30T11:52:47Z |
DALLAS (KDAF) — The National Weather Service center for Severe Thunderstorms has issued a Severe Thunderstorm Watch for parts of Arkansas, Louisiana and Texas on Tuesday morning, June 7.
They tweeted, “A severe thunderstorm watch has been issued for parts of Arkansas, Louisiana and Texas until 3 PM CDT.”
NWS Fort Worth added, “Severe Thunderstorm Watch has been issued for Lamar and Delta counties for the cluster of storms moving across SE Oklahoma. They could impact these locations within the next hour or so, but will be out of our area within the next few hours. #dfwwx“
“A Severe Thunderstorm Watch has been issued for Lamar and Delta County until 3 PM. The main threat will be damaging winds and large hail. A cluster of storms is moving from southeast Oklahoma and will impact these areas through the next several hours. Watch will be canceled earlier as soon as threat ends for our area.” | https://cw33.com/news/local/severe-thunderstorm-watch-issued-for-lamar-delta-counties-in-north-texas/ | 2022-06-07T15:42:37Z |
QUANTICO, Va., Aug. 3, 2022 /PRNewswire/ -- The National Board of FBI National Academy Associates, Inc. (FBINAA) announces the appointment of Timothy Braniff during his official swearing-in ceremony held Tuesday, August 2, 2022, at the FBINAA 58th National Annual Training Conference held in Cleveland, Ohio.
President Braniff was sworn in by Commander Jim Mack from the Lacey Police Department, and Mr. Dave Bangart from the Office of Insurance Commissioner. President Braniff succeeds now Past President Ken Truver, Chief, Borough of Castle Shannon (PA).
President Braniff is currently a Plans & Prevention Program Manager in Emergency Management with Sound Transit. He started his law enforcement career in 1983 as a police officer in Zillah, Washington, before being hired by the Washington State Patrol (WSP).
He transitioned to Undersheriff in Thurston County in 2011 after retiring from the WSP where he last served as a Captain. He retired as Undersheriff in Thurston County after serving 10 years. He has a bachelor's degree in Business Administration, and Associates Degree in Business. He is a graduate of the FBI National Academy Session 226 and is the Past President of the Washington Chapter of the FBINAA.
President Braniff continues to serve on the IACP Transnational Crime Committee, and as Chair of True Responders Charity along with being active in several community organizations and advisory boards. One of Tim's twin sons is a police officer in Lacey, WA. Tim lives in Thurston County with his wife Kari as they enjoy family time plus visiting the desert in Southern California.
President Braniff has been serving on the FBINAA National Board for the past seven years and will serve as the Association President until August 1, 2023.
The FBI National Academy Associates looks forward to the leadership of President Braniff.
The FBI National Academy Associates, Inc. (FBINAA) is a 501 (c)(3) non-profit organization dedicated to providing the highest degree of law enforcement expertise, leadership training, and information to law enforcement executives around the world. The Association's Mission is "Impacting communities by providing and promoting law enforcement leadership through training and networking." Association members are graduates of the prestigious FBI National Academy Program. The FBINAA has nearly 16,000 members representing all 50 US states, over 8,200 law enforcement agencies, and 194 countries worldwide. The FBINAA is the strongest law enforcement leadership network in the world. Located in Quantico, VA, the FBINAA is a non-political organization and is not affiliated with any special interest group.
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SOURCE FBI National Academy Associates, Inc. | https://www.kxii.com/prnewswire/2022/08/03/fbi-national-academy-associates-inc-announces-new-association-president-timothy-braniff/ | 2022-08-03T15:17:49Z |
VANCOUVER, BC, June 13, 2022 /PRNewswire/ - Forte Minerals Corp. ("Forte" or the "Company") (CSE: CUAU) (OTQB: FOMNF) (Frankfurt: 2OA), is pleased to announce that the company will be attending this year's Prospectors & Developers Association of Canada (PDAC) convention, taking place in person at the Metro Toronto Convention Centre on June 13-15, 2022.
Forte is a newly listed junior mining exploration company with an attractive portfolio of high-quality copper and gold assets in Perú. President and CEO Patrick Elliott, and his team are excited to meet with investors at booth 2949 at the Investor Exchange Pavilion to discuss current and upcoming exploration plans.
The Company's portfolio combines early-stage and drill-ready targets with a historically discovered and drilled porphyry system that is strategically positioned for copper and gold resource development.
In the video, Mr. Elliott goes through the company's decision to be in Peru, the different mining projects, and the highly experienced corporate and exploration teams. Watch the full video below to learn how Forte Minerals is well-positioned to thrive from prevailing copper prices.
Paul Johnston, P.Geo., is the Company's Qualified Person as defined by National Instrument 43-101 and has reviewed and approved responsible for the accuracy of the technical information contained in the video referenced in this news release.
The Company is committed to maximizing shareholder value through acquiring, exploring, discovering, and developing copper and gold projects in Perú. Moving rapidly along the line of opportunity towards a value maxima is very attractive to investors. Significant value growth is generated when early-stage exploration moves towards resource definition while zoning in on target development and eliminating the early-stage grassroots risk. All three of Forte's properties offer this opportunity, with tremendous upside considering their geological potential.
On behalf of FORTE MINERALS CORP.
(signed) "Patrick Elliott"
Chief Executive Officer
Certain statements included in this press release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors.
Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions, including the effects of COVID-19. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements.
Neither the Canadian Securities Exchange (the "CSE") nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Forte Minerals Corp. | https://www.mysuncoast.com/prnewswire/2022/06/13/forte-minerals-attends-pdac-person/ | 2022-06-13T12:58:04Z |
NEW YORK, April 25, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Recruiter.com Group, Inc. ("Recruiter.com" or the "Company") (NASDAQ: RCRT). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Recruiter.com and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On April 4, 2022, Zacks Small Cap Research published an article addressing Recruiter.com, entitled "RCRT: Recruiter.com Gets Off to a Slower Start in 2022 as Recruiters Need to Redeploy", stating that "2022 starts with challenges for Recruiter.com . . . as it works to redeploy recruiters to new customers." Further, according to the article: "In Q4 the company took a reserve for a collection problem with a partner and as a result was required by the auditors to stop recognizing revenues from this partner and is now in litigation to collect. While some of the moneys owed may be ultimately collected, for the time being it a reserve was taken for bad debt. Specifically, Recruiter.com is currently pursuing two related collections matters against BKR Strategy Group."
On this news, Recruiter.com's stock price fell $0.35 per share, or 14.17%, to close at $2.12 per share on April 4, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP | https://www.wibw.com/prnewswire/2022/04/25/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-recruitercom-group-inc-rcrt/ | 2022-04-25T22:50:22Z |
ATHENS, Greece (AP) — A more than 3,000-year-old gold signet ring that was stolen from an Aegean island in World War II, crossed the Atlantic, was bought by a Nobel Prize-winning Hungarian scientist and ended up in a Swedish museum has found its way back to Greece.
It was the latest in a series of coups by Greek authorities seeking the return of works plundered from the antiquities-rich country — even though an initial effort by the Swedish museum to return the ring apparently fell between the cracks of 1970s bureaucracy.
The Greek culture ministry said Friday that the gold Mycenaean-era work from Rhodes, decorated with two facing sphinxes, was willingly returned by Swedish officials who provided full assistance with documenting the artifact and its provenance.
Greek experts confirmed the identification, and the piece was handed over in Stockholm by Vidar Helgesen, executive director of the Nobel Foundation, to which the ring had been bequeathed by the Hungarian biophysicist.
The foundation, which presents annual awards for outstanding achievement in several fields, had given it to the Museum of Mediterranean and Near Eastern Antiquities in Stockholm.
Greek Culture Minister Lina Mendoni thanked the Nobel Foundation and Swedish authorities for the repatriation, saying it “shows their respect for modern Greece and our constant efforts to fight the illegal trafficking of cultural goods.”
The ring, which would have been a status symbol for a local nobleman in the 3rd millennium B.C., was discovered in 1927 by Italian archaeologists in a Mycenaean grave near the ancient city of Ialysos on Rhodes. The southeastern Aegean island belonged to Italy until it was incorporated in Greece after WWII.
The Ministry of Culture and Sports said the ring was stolen from a museum on Rhodes during the war — with hundreds of other pieces of jewelry and coins that remain missing — and surfaced in the United States.
It was bought to the U.S. during the 1950s or 1960s by Georg von Békésy, a biophysicist and art collector whose collection was donated to the Nobel Foundation after his 1972 death and from there distributed to several museums.
The Nobel Foundation’s Helgesen said there was no doubt where the ring belonged.
“To us, it was obvious that the ring should be returned,” he said. “This artifact is of very great cultural-historical value for Greece.”
The Stockholm museum had initially identified the ring from Ialysos in 1975 and contacted Greek authorities, the ministry said.
“But it remained in Stockholm for reasons that are not clear from existing archives,” Friday’s statement said. The artwork will now be displayed in a museum on Rhodes. | https://cw33.com/entertainment-news/ap-entertainment/after-string-of-adventures-ancient-gold-ring-back-in-greece/ | 2022-05-20T17:04:56Z |
PALO ALTO, Calif., June 21, 2022 /PRNewswire/ -- Zendure, a Silicon Valley company that specializes in mobile power solutions and flashy aesthetics, has just released their new wireless charger, SuperMini GO, on Indiegogo.
SuperMini GO is a pocket-sized external battery with 10,000mAh of charge capacity. While it's not Zendure's first wireless charger, it is the first to include magnetic docking for a secure connection. SuperMini GO wirelessly charges Qi-compatible mobile devices at up to 15W.
With wireless charging, USB-C 20W PD, and one USB-A port, SuperMini GO can charge 3 devices at the same time. SuperMini GO's LCD screen intuitively displays battery and charging status.
Like many of Zendure's previous offerings, SuperMini GO is available in black or silver. The company has added a third option for their new wireless charger: Cyan Sunset. The colorful ombre finish strikes a balance of sophistication and playfulness.
In addition to the multi-faceted safety measures commonly seen in Zendure products, SuperMini GO has foreign object detection. This prevents SuperMini GO from overheating and wasting energy if a foreign object is detected within the wireless charging zone.
Zendure's SuperMini Go Wireless charger is now available on Indiegogo, with shipping planned for September. Limited-time discounts are available for early backers.
Zendure is an outdoor consumer electronics company located in Silicon Valley in the United States and the Guangdong - Hong Kong - Macao Greater Bay Area in China. Zendure has continuously launched innovative products, made rapid breakthroughs in the core technologies of outdoor energy storage and power supplies, and continues to bring pleasant surprises to the user experience. The company recently received a multi-million dollar series-A round of funding through a joint investment from Shanghai GP Capital and YOTRIO group.
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SOURCE Zendure | https://www.mysuncoast.com/prnewswire/2022/06/21/zendure-announces-stylish-wireless-powerbank/ | 2022-06-21T17:59:44Z |
GUANGZHOU, China, Sept. 15, 2022 /PRNewswire/ -- MINISO Group Holding Limited (NYSE: MNSO; HKEX: 9896) ("MINISO", "MINISO Group" or the "Company"), a global value retailer offering a variety of design-led lifestyle products, today announced an update on the status of the previously announced independent investigation. As previously disclosed, shortly after the publication of a report issued by the short-seller firm Blue Orca Capital on July 26, 2022 (the "Short Seller Report"), an independent committee of the board of directors (the "Independent Committee"), consisting of independent directors Ms. Xu Lili, Mr. Zhu Yonghua and Mr. Wang Yongping, was formed to oversee an independent investigation regarding the allegations made in the Short Seller Report (the "Independent Investigation"). The Independent Investigation, overseen by the Independent Committee and conducted with the assistance of third-party professional advisors including an international law firm and forensic accounting experts from a well-regarded forensic accounting firm that is not the Company's auditor, is now substantially complete. Based on findings of the Independent Investigation, which encompassed the allegations in the Short Seller Report regarding the Company's franchise business model and land deals involving the Company's chairman, the Independent Committee has concluded that key allegations made in the Short Seller Report were not substantiated.
About MINISO Group
MINISO is a global retailer offering a variety of design-led lifestyle products. The Company serves consumers primarily through its large network of MINISO stores, and promotes a relaxing, treasure-hunting and engaging shopping experience full of delightful surprises that appeals to all demographics. Aesthetically pleasing design, quality and affordability are at the core of every product in MINISO's wide product portfolio, and the Company continually and frequently rolls out products with these qualities. Since the opening of its first store in China in 2013, the Company has built its flagship brand "MINISO" as a globally recognized retail brand and established a massive store network worldwide. For more information, please visit https://ir.miniso.com/.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. MINISO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about MINISO's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: MINISO's mission, goals and strategies; future business development, financial conditions and results of operations; the expected growth of the retail market and the market of branded variety retail of lifestyle products in China and globally; expectations regarding demand for and market acceptance of MINISO's products; expectations regarding MINISO's relationships with consumers, suppliers, MINISO Retail Partners, local distributors, and other business partners; competition in the industry; proposed use of proceeds; and relevant government policies and regulations relating to MINISO's business and the industry. Further information regarding these and other risks is included in MINISO's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and MINISO undertakes no obligation to update any forward-looking statement, except as required under applicable law.
Investor Relations Contact:
Raine Hu
MINISO Group Holding Limited
Email: ir@miniso.com
Phone: +86 (20) 36228788 Ext. 8039
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SOURCE MINISO Group Holding Limited | https://www.kxii.com/prnewswire/2022/09/15/miniso-announces-substantial-completion-independent-investigation/ | 2022-09-15T11:51:23Z |
- The annual event connecting, empowering, and promoting women of color in the knowledge economy will feature 20 top-tier speakers including, Lisa Nichols, Simran Kaur and Ellie Diop.
- The tens of thousands of expected registrants worldwide will come together on Wednesday, July 27 to gain new skills and expertise that will equip them to launch a new knowledge business, or scale an existing one to incredible new heights.
- In the spirit of Think in Color, Thinkific is offering attendees the chance to build on learnings from the summit with ongoing training and coaching via an 8-week, free accelerator program.
VANCOUVER, BC, July 12, 2022 /PRNewswire/ - Thinkific Labs Inc. ("Thinkific" or the "Company") (TSX: THNC), the platform shaking up the knowledge economy by empowering creators to create, market and sell their online learning products, today announced its one-of-a-kind speaker lineup for Think in Color 2022. Featuring entirely women of color, the talented roster of inspiring speakers represents the top minds in the knowledge economy, who will offer attendees useful, expert insights that address the real challenges facing women of color creators.
"Think In Color is a safe, positive space for women of color and allies to show up, show out, and grow together," said Xayli Barclay, Co-Founder and Host of Think in Color. "No matter where women are in their journeys as creators, it's critical that they have this space where they can learn from and connect with other creators who share their lived experience, and have carved out their paths as successful business owners. This standout event will leave you feeling energized, inspired and confident in your ability to build and scale your own incredible online business," said Barclay.
Key event speakers include:
Lisa Nichols - As Founder and Chief Executive Officer of Motivating the Masses, Inc., Lisa has developed workshops and programs that have transformed the lives of countless men and women, and altered the trajectory of businesses throughout the country and across the world.
Simran Kaur - TEDx Speaker, Best Selling Author & Founder of the worlds #1 investing podcast for women worldwide, Simran Kaur has a mission to make financial education accessible to women & minorities. Her brand has been featured in Vogue, Business Insider, CTV + more.
Ellie Diop - Ellie Diop is a Business and Strategy Coach, an author, and a speaker. She is the Founder and CEO of Ellie Talks Money and Ellievated Academy, and the host of the Get Ellievated podcast. After losing her corporate job during the pandemic, Ellie used her $1,200 stimulus check to build a multi-million dollar online coaching business in one year. After serving over 50,000 students, Ellie is still committed to assisting women to overcome their circumstances to build successful businesses so they can live the life of their dreams.
The free, virtual summit on Wednesday, July 27 is expected to attract tens of thousands of creator registrants worldwide. It will serve as an important forum for talented women of color leaders in the knowledge economy to share their insights so others can launch and scale their own powerful knowledge economy businesses. Throughout the full-day summit, attendees will have the chance to join over 18 illuminating sessions presented by 20 speakers. These include motivational keynotes, workshops on how to build and sell digital learning products, breakouts on the importance of building loyal and engaged online communities, and an illuminating roundtable confronting the issues facing women of color entrepreneurs.
To register for Think in Color 2022, click here. To see release visuals here.
FAST FACTS: Ahead of Think in Color, Thinkific conducted a survey in partnership with OnePoll that polled over 1,000 U.S. entrepreneurs to understand the different lived experiences of today's entrepreneurs. The survey findings will be discussed at Think in Color, but until then, here are some key findings:
- 39% of entrepreneurs were motivated to run their own business to bring about positive environmental/social change
- For women entrepreneurs, the most common challenge they faced was securing financing to launch, maintain and grow their business (30%). As compared to male entrepreneurs, where the most common challenge was finding the right people and managing them (32%).
- Almost a third (29%) of women of color answered that because of their race, they've had negative experiences in entrepreneurship. Only 11% of white male entrepreneurs said the same when asked the same question.
Thinkific (TSX: THNC) makes it simple for entrepreneurs and established businesses of any size to scale and generate revenue by teaching what they know. Our platform gives businesses everything they need to build, market, and sell online courses and other learning products, and to run their business seamlessly under their own brand, on their own site. Thinkific's 50,000 active creators earn hundreds of millions of dollars in direct course sales while teaching tens of millions of students. Thinkific is headquartered in Vancouver, Canada and has a distributed team.
For more information, please visit www.thinkific.com.
This news release includes forward-looking statements and forward–looking information within the meaning of applicable securities laws ("forward-looking statements"). Often, but not always, forward–looking information can be identified by the use of words such as "plans", "is expected", "expects", "scheduled", "intends", "contemplates", "anticipates", "believes", "proposes" or variations (including negative and grammatical variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements in this news release include statements regarding the number of expected registrants to the Company's Think in Color 2022 event and the anticipated benefits to customers from Thinkific's ongoing training and coaching via an 8-week accelerator program. Such statements and information are based on the current expectations of Thinkific's management, and are based on assumptions and subject to risks and uncertainties. Although Thinkific's management believes that the assumptions underlying these statements and information are reasonable, they may prove to be incorrect. Except as required by applicable securities laws, forward–looking statements and information speak only as of the date on which they are made and Thinkific undertakes no obligation to publicly update or revise any forward–looking statement or information, whether as a result of new information, future events or otherwise.
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SOURCE Thinkific Labs Inc. | https://www.kxii.com/prnewswire/2022/07/12/thinkific-unveils-all-women-color-lineup-think-color-2022-virtual-summit-unites-powerful-yet-underrepresented-community-creator-economy/ | 2022-07-12T14:19:47Z |
Truck loaded with bees crashes near Hugo
Published: Jun. 21, 2022 at 9:18 AM CDT|Updated: 1 hour ago
HUGO, Okla. (KXII) - A truck loaded with bees rolled over in Choctaw County Tuesday morning.
County emergency manager Pat Collins says it happened at north US-271 and the Highway 70 bypass at the Idabel entrance ramp.
Collins says the truck driver is OK, and drivers should expect delays in the area.
A local beekeeper has been called in to help, but cleanup is expected to take several hours.
Collins says the bees could be anywhere in the Hugo area and is asking residents to be careful.
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/06/21/truck-loaded-with-bees-crashes-near-hugo/ | 2022-06-21T15:23:07Z |
LOS ANGELES, June 29, 2022 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Mullen Automotive, Inc. f/k/a Net Element, Inc. ("Mullen" or the "Company") (NASDAQ: MULN).
Class Period: June 15, 2020 – April 6, 2022
Lead Plaintiff Deadline: July 5, 2022
If you wish to serve as lead plaintiff of the Mullen lawsuit, you can submit your contact information at www.glancylaw.com/cases/mullen-automotive-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.
The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that: (1) Mullen overstated its ability and timeline regarding production; (2) Mullen overstated its deals with business partners, including Qiantu Motors; (3) Mullen overstated its battery technology and capabilities; (4) Mullen overstated its ability to sell its branded products; (5) Net Element did not conduct proper due diligence into Mullen Technologies; (6) the Dragonfly K50 was not (solely) delayed due to the COVID-19 pandemic; and (7) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Follow us for updates on LinkedIn, Twitter, or Facebook.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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SOURCE Glancy Prongay & Murray LLP | https://www.mysuncoast.com/prnewswire/2022/06/29/muln-investors-have-opportunity-lead-mullen-automotive-inc-fka-net-element-inc-securities-fraud-lawsuit/ | 2022-06-29T15:45:24Z |
Notable events in the history of Earth Day
EduardSV // Shutterstock
Notable events in the history of Earth Day
The first Earth Day on April 22, 1970, came on the heels of events in the ’60s. Some point to the Santa Barbara oil spill of 1969; others say the first Earth Day was inspired by the publication of Rachel Carson’s “Silent Spring” in 1962, which shed light on the destruction of pesticides like DDT. Whichever milestone you associate with the founding of the event, Earth Day has evolved into part of an international movement bringing people together under the unified cause of preserving the planet for future generations.
Since its inception, Earth Day has been adopted in dozens of countries around the world and recognized by the United Nations as a global effort. In the last half-century, the world has seen hundreds of demonstrations, marches, protests, and subsequent movements all centered around the crucial goal of nurturing and protecting the environment. From wastewater standards to global initiatives to plant trees, the largest climate strike in the world, and national cleanups, what started as a single day created by a U.S. senator from Wisconsin is now a bonafide worldwide sensation.
In observance of Earth Day, Stacker used a variety of authoritative resources from news articles to organization websites such as the Earth Day Network to compile a list of 20 notable events in the history of Earth Day. Keep reading to learn about many of the Earth Day milestones throughout its five decades.
You may also like: 25 terms you should know to understand the climate change conversation
Goodreads
September 1962: ‘Silent Spring’ is published
In 1962, Rachel Carson’s “Silent Spring” hit the shelves. The book exposed the damage that pesticides like DDT have on the environment, including the effect on both people and natural ecosystems. Though she was hit with a firestorm of criticism from the chemical industry, Carson helped fuel the movement that fought for the creation of the Environmental Protection Agency.
Zackmann08 // Wikimedia Commons
January 1969: Santa Barbara oil spill
California had one of its darkest days in history on Jan. 28, 1969. Workers on an offshore oil rig saw the eruption of gas and drilling mud from a freshly bored well in the bay off the coast of Santa Barbara. That spill hurled 3 million gallons of crude oil into the Pacific Ocean, destroying wildlife, greasing beaches, and reaching about 800 square miles of ocean. There were no government regulations in place for disasters such as these, which led to the biggest oil spill in U.S. history at the time. The disaster inspired members of Congress to establish the first Earth Day in April 1970.
Dreamyshade // Wikimedia Commons
January 1970: Santa Barbara Environmental Rights Day
The devastating oil spill off the coast of Santa Barbara helped spawn a new age of environmental protection, including the University of California, Santa Barbara leading a charge to create the Santa Barbara Declaration of Environmental Rights in 1970. These rights were read Jan. 28, 1970, exactly a year after the spill, and also read into the U.S. Congressional Record. The opening line was, “All people have the right to an environment capable of sustaining life and promoting happiness.”
Lambert // Getty Images
April 1970: First Earth Day
A growing understanding of environmental awareness brought about by the Santa Barbara oil spill and “Silent Spring” led U.S. Sen. Gaylord Nelson of Wisconsin to conceive of a national day of action to expand awareness of the need for protecting the environment. The first Earth Day involved 20 million Americans gathering in streets, parks, and auditoriums to rally for a healthy environment.
Lambert // Getty Images
December 1970: Congress authorizes creation of the EPA
Prior to 1970, there were no government regulations in place to regulate factory waste. Earth Day changed that: On the heels of the growing environmental movement, Congress in approved the creation of a new arm of government to handle all environmental issues going forward called the U.S. Environmental Protection Agency, which began operations in December 1970.
You may also like: Best-run cities in America
Archive Photos/Getty Images
February 1971: Earth Day recognized by the United Nations
While the United States and other nations had their own ways to commemorate Earth Day, it was officially recognized by the United Nations in 1971 on the vernal equinox, the first day of spring. UN Secretary-General U Thant signed a proclamation in February of that year. Today, while there is no one global Earth Day, nearly 200 countries in the world celebrate Earth Day on either April 22 or the vernal equinox.
Steven Frame // Shutterstock
October 1972: Congress passes the Clean Water Act
Congress passed the Clean Water Act in 1972 to regulate the discharge of toxins into U.S. water. The act gave the EPA leverage to create pollution control programs and develop wastewater standards.
Hannamariah // Shutterstock
April 1980: First Canadian Earth Day
Canada began celebrating Earth Day in April 1980 and has expanded the event to Earth Week (and sometimes Earth Month in certain places). Projects undertaken by Canada in conjunction with the observance include Edmonton’s Earth Day Festival and Ontario’s Waterways Clean-up.
Mark Reinstein/Corbis via Getty Images
April 1990: 20th Earth Day recognized by 141 countries
Earth Day made its mark in its first couple of decades: By 1990, 141 countries observed some form of the holiday. Within those countries, an estimated 200 million people participated in Earth Day-related events.
Alex Wong // Getty Images
September 1995: Sen. Gaylord Nelson awarded Presidential Medal of Freedom
Twenty-five years after founding Earth Day in the United States, Gaylord Nelson was awarded the Presidential Medal of Freedom. President Clinton honored him with the medal, which represents the highest honor given to civilians in the country.
You may also like: How top Democratic candidates compare on major issues
David Lefranc // Getty Images
April 2000: Leonardo DiCaprio hosts 30th Earth Day
Leonardo DiCaprio’s commitment to the environment includes his work with the Leonardo DiCaprio Foundation and his role in the 2016 documentary “Before the Flood.” His involvement in Earth Day and interest in environmental causes can be traced back to 2000 when DiCaprio hosted an Earth Day special on ABC.
John LeGear // Flickr
April 2007: Earth Day crowds set records in Chicago
2007 remains one of the biggest milestones for the environmental movement when more than 40,000 people showed up for the festivities in Chicago’s Lincoln Park Zoo. It was a single-day attendance record for the global holiday.
Biswarup Ganguly // Wikimedia Commons
April 2010: Earth Day 2010 coincides with International Year of Biodiversity
The 40th anniversary Earth Day coincided with the UN’s Biodiversity Year. The International Year of Biodiversity had a calendar of events planned that highlighted the role that wildlife plays in supporting the function of Earth. The official launch was in Berlin in January, with other events being held in Paris, Norway, India, Qatar, Colombia, China, and New York.
EduardSV // Shutterstock
April 2016: Earth Day Network launches 7.8 billion trees campaign
“Trees For The Earth” was a campaign created by Earth Day Network for Earth Day in 2016. The goal? To plant 7.8 billion trees by Earth Day 2020. The 7.8 billion figure represented, at the time, every person on the planet. India’s Telangana state committed 460 million trees on its own.
TIMOTHY A. CLARY/AFP // Getty Images
April 2016: Paris Agreement opens for signatures
The foundation for the Paris Agreement was laid in 2015 when Parties to the UNFCCC agreed to combat climate change and ramp up initiatives to reach a low-carbon future. The Paris Agreement aims to unify nations under a common goal: to keep global temperature rise this century under 2 degrees Celsius. It officially opened for signatures on April 22, 2016, at the UN Headquarters in New York.
You may also like: Famous declassified government secrets
The Washington Post // Getty Images
April 2017: Earth Day Network co-organizes March for Science
On the anniversary of the Paris Agreement, Earth Day Network organized the March for Science Rally and Teach-Ins, starting in Washington D.C. and spreading to numerous cities around the U.S. and the world. The marches came in response to President Donald Trump’s hostility to science when it came to making decisions around climate change and vaccines.
MICHAEL CAMPANELLA // Getty Images
August 2018: Greta Thunberg begins School Strike for Climate
When she was 15 years old, Greta Thunberg started skipping school to call on the Swedish Parliament to take action on climate change by holding up a sign reading “school strike for climate” outside the building. Within a year, her efforts inspired others to join, in Sweden and around the world, with school children striking on Fridays to demand their governments take stronger action to protect the Earth. Thunberg gave a fiery address to the 2018 United Nations Climate Change Conference, and in 2019 she was the face of the largest climate strike in history.
Belish // Shutterstock
April 2019: Great Global Clean-up for Earth Day 2019
Earth Day Network in 2019 launched a national event bringing together volunteers in 13 cities around the country for the Great Global Clean-up for Earth Day to clean parks, cities, and waterways. The cleanups were held in Chicago, Dallas, Denver, Honolulu, Los Angeles, Miami, New York, Richmond, San Diego, San Francisco, Seattle, and Washington D.C.
NurPhoto // Getty Images
September 2019: Global climate strike draws more than 4 million
Inspired by Greta Thunberg, the September 2019 Global Climate Strike was the largest climate strike in the world to date. Across 163 countries, 2,500 events were scheduled on all seven continents. It’s estimated that more than 4 million people were part of the international movement, though it is a tough number for experts to confirm.
BRENDAN SMIALOWSKI/AFP via Getty Images
April 2021: Earth Day, with a focus on climate change
The efforts of Greta Thunberg and youth-led organizations like the Sunrise Movement, as well as the increased presence of leftist politicians like Alexandria Ocasio-Cortez in Congress, have fueled a new wave of environmental activism. For Earth Day 2021, President Joe Biden hosted a “Summit on Climate” with other world leaders to address climate change. This came on the heels of his pitch for a $2 trillion infrastructure overhaul, which put combating climate change and moving America to green energy at the center of improving infrastructure and providing jobs.
You may also like: Earth Day to school strikes: A timeline of the American environmental movement | https://localnews8.com/news/2022/04/15/notable-events-in-the-history-of-earth-day/ | 2022-04-16T13:03:02Z |
CAXIAS DO SUL, Brazil, May 12, 2022 /PRNewswire/ -- Randon S.A – Implementos e Participações (B3 - RAPT3 and RAPT4), reports its results for the first quarter of 2022 (1Q22), ended in 03/31/2022. The financial and operating information of the Company, except when otherwise stated, are consolidated in accordance with the international standards of IFRS – International Financial Reporting Standards and the monetary values are denominated in Reais.
HIGHLIGHTS
The main highlights of the 1Q22 are as follows:
- Consolidated Net Revenue amounted to R$ 2.5 billion in 1Q22, 29.5% up from 1Q21.
- International market revenues amounted to US$ 99.9 million in 1Q22, 48.2% up from the same period in 2021.
- Consolidated EBITDA reached R$ 401.4 million in 1Q22, 15.0% up from 1Q21, with a consolidated EBITDA margin of 16.2%.
- Net Profit amounted to R$ 130.1 million, with net margin of 5.3% in 1Q22.
VIDEO CONFERENCE CALL RESULTS
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SOURCE Randon S.A. | https://www.mysuncoast.com/prnewswire/2022/05/12/randon-reports-first-quarter-2022-results/ | 2022-05-13T02:29:06Z |
Investor Conference Call to be Held Today at 5:00 PM Eastern Time (2:00 PM PT)
SAN DIEGO, Aug. 11, 2022 /PRNewswire/ -- Nuvve Holding Corp. (Nuvve) (Nasdaq: NVVE), a green energy technology company that provides a globally-available, commercial vehicle-to-grid (V2G) technology platform that enables electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provides other grid services, today provided a second quarter 2022 update.
Second Quarter Highlights
- Established official partnership with Switch to integrate Nuvve's vehicle-to-grid (V2G) GIVe™ platform with Switch's charging management platform for operations and maintenance; Nuvve also made a strategic investment into Switch
- Announced commercial agreements with Power Electronics and Cenntro to expand Nuvve's high powered charger line-up and expand Nuvve's U.S. commercial fleet reach, respectively
- Nuvve selected as collaboration partner through a Memorandum of Understanding (MOU) with the U.S. Department of Energy (DOE) to accelerate the country's commercialization of vehicle-to-grid; in addition, the EPA began grant application acceptances to begin replacing the nation's fleet of school buses with clean, zero-emission buses
- Along with local strategic partners, Nuvve received approval from the Japanese transmission system operator (TSO) to participate in the energy market to provide ancillary power and stabilizing services to the grid
- Megawatts under management increased 10% during the quarter, totaling 16.1 megawatts as of June 30, 2022
- Cash and cash equivalents of $14.9 million, as of June 30, 2022
Management Discussion
Gregory Poilasne, chairman and chief executive officer of Nuvve, said, "In the second quarter, Nuvve continued to expand its network of commercial, operational and technology partners as it scales up its V2G platform. Further, Nuvve's formal announcement of an investment into Switch EV not only expands the company's platform into additional chargers, but also demonstrates its willingness to deploy capital in order to further build out its competitive edge in V2G. These positive developments for the company came against a backdrop that saw strong secular tailwinds for V2G, including at the federal government level. This was evidenced by Nuvve's entry into an MOU with the U.S. DOE to explore ways to further drive V2G adoption, and the disbursement of $500 million by the EPA in grant funding to be made available for electric school buses and associated infrastructure, with Nuvve expected to be a notable beneficiary as grant applications are awarded later this year. We look forward to continued momentum in the second half of the year, which has started out strong as we grow our utility and energy partnerships with SDG&E and Vistra, both of which serve to help unlock the full potential of V2G."
2022 Second Quarter Financial Review
Total revenue was $1.3 million for the three months ended June 30, 2022, compared to $1.0 million for the three months ended June 30, 2021, an increase of $0.3 million, or 32.6%. The increase is attributed to $0.3 million increase in products and services revenue. Products and services revenue for the three months ended June 30, 2022 consisted of sales DC and AC Chargers sales of approximately $1.0 million, grid services revenue of $0.05 million, and engineering services of $0.03 million.
Cost of products and services revenue for the three months ended June 30, 2022, increased by $0.7 million to $1.0 million, and margin decreased to 3.1% from 52.7% compared to the same prior year period. This was mostly due to the impact of a higher mix of hardware charging stations sales and a lower mix of engineering services in the current quarter.
Selling, general and administrative expenses consist of selling, marketing, advertising, payroll, administrative, finance, and professional expenses. Selling, general and administrative expenses were $8.1 million for the three months ended June 30, 2022, as compared to $5.3 million for the three months ended June 30, 2021, an increase of $2.9 million, or 54.4%. The increase during the three months ended June 30, 2022 was primarily attributable to increases in compensation expenses of $0.7 million, including share-based compensation, $0.4 million of travel expenses related to conferences and partnership meetings, $0.4 million of professional fees related to internal operational reviews, and $1.7 million of governance and other public company costs. Expenses resulting from the consolidation of Levo's activities during the quarter, contributed $0.7 million to the increase in selling, general and administrative expenses.
Research and development expenses increased by $0.5 million, or 28.5%, from $1.7 million for the three months ended June 30, 2021 to $2.2 million for the three months ended June 30, 2022. The increase was primarily attributable to an increase in compensation expenses and subcontractor expenses used to advance Nuvve's platform functionality and integration with more vehicles.
Other income (expense) consists primarily of interest expense, impairment of deferred finance costs, change in fair value of private warrants liability and derivative liability, and other income (expense). Other income (expense) increased by $43.5 million of expense, from $0.15 million of other income for the three months ended June 30, 2021, to $43.3 million in other expense for the three months ended June 30, 2022. The increase in other expense during the three months ended June 30, 2022 was primarily attributable to the write-off of deferred finance costs, and change in fair values of the private warrants liability and derivative liability. The impairment charge was driven by a write-off of deferred financing costs associated with the carrying value of warrants and stock options granted to Stonepeak and Evolve in May 2021 in return for their capital commitment to fund up to $750 million in V2Genabled EV fleet deployments of school buses through Levo. We impaired the deferred financing costs during the six months ended June 30, 2022 primarily because we have not entered into fleet as a service customer contracts requiring preferred capital commitments from Stonepeak and Levo in excess of $43.6 million within one year of the deferred financing costs being capitalized. The impairment charge is non-cash and does not impact the existing capital commitment we have from Stonepeak and Evolve or the pursuit of customer deployments funded by this capital commitment.
Net loss includes the net loss attributable to Stonepeak and Evolve, the holders of non-controlling interests in Levo, on our condensed consolidated statements of operations.
Net loss increased by $47.2 million, or 762.3%, from $6.2 million for the three months ended June 30, 2021, to $53.4 million for the three months ended June 30, 2022. The increase in net loss was primarily due to increase in operating expenses of $4.0 million and increase in other expense of $43.5 million for the aforementioned reasons.
Net Loss Attributable to Non-Controlling Interest
Net loss attributable to non-controlling interest was $2.1 million for the three months ended June 30, 2022.
Net loss is allocated to non-controlling interests in proportion to the relative ownership interests of the holders of non-controlling interests in Levo, an entity formed by us with Stonepeak and Evolve. We own 51% of Levo's common units and Stonepeak and Evolve own 49% of Levo's common units. We have determined that Levo is a variable interest entities in which we are the primary beneficiary. Accordingly, we consolidate Levo and record a non-controlling interest for the share of the Levo owned by Stonepeak and Evolve during the three and six months ended June 30, 2022.
Conference Call Details
The Company will hold a conference call to review its financial results for the second quarter of 2022, along with other company developments, at 5:00 PM Eastern Time (2:00 PM PT) today Thursday, August 11, 2022.
To participate, please register for and listen via a live webcast, which is available in the 'Events' section of Nuvve's investor relations website at https://investors.nuvve.com/. In addition, a replay of the call will be made available for future access.
About Nuvve Holding Corp.
Nuvve Holding Corp. (Nasdaq: NVVE) has developed a proprietary vehicle-to-grid (V2G) technology, including its Grid Integrated Vehicle ("GIVe™") cloud-based software platform, that enables it to link multiple electric vehicle ("EV") batteries into a virtual power plant to provide bi-directional energy to the electrical grid in a qualified and secure manner. Combining the world's most advanced V2G technology and an ecosystem of electrification partners, Nuvve dynamically manages power among electric vehicle (EV) batteries and the grid to deliver new value to EV owners, accelerate the adoption of EVs, and support the world's transition to clean energy. With products designed to transform EVs into mobile energy storage assets and networking battery capacity to support shifting energy needs, Nuvve is working toward making the grid more resilient, enhancing sustainable transportation, and supporting energy equity in an electrified world. Since its founding in 2010, Nuvve has successfully deployed V2G on five continents and offers turnkey electrification solutions for fleets of all types. Nuvve is headquartered in San Diego, California, and can be found online at nuvve.com.
Nuvve and associated logos are among the trademarks of Nuvve and/or its affiliates in the United States, certain other countries and/or the EU. Any other trademarks or trade names mentioned are the property of their respective owners.
Forward Looking Statements
The information in this press release includes "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. All statements, other than statements of present or historical fact included in this press release, regarding Nuvve and Nuvve's strategy, future operations, estimated and projected financial performance, prospects, plans and objectives are forward-looking statements. When used in this press release, the words "could," "should," "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Nuvve disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Nuvve cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Nuvve. In addition, Nuvve cautions you that the forward-looking statements contained in this press release are subject to the following factors: (i) risks related to the rollout of Nuvve's business and the timing of expected business milestones; (ii) Nuvve's dependence on widespread acceptance and adoption of electric vehicles and increased installation of charging stations; (iii) Nuvve's ability to maintain effective internal controls over financial reporting (iv) Nuvve's current dependence on sales of charging stations for most of its revenues; (v) overall demand for electric vehicle charging and the potential for reduced demand if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of electric vehicles or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; (vi) potential adverse effects on Nuvve's backlog, revenue and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by Nuvve; (vii) the effects of competition on Nuvve's future business; (viii) risks related to Nuvve's dependence on its intellectual property and the risk that Nuvve's technology could have undetected defects or errors; (ix) the risk that we conduct a portion of our operations through a joint venture exposes us to risks and uncertainties, many of which are outside of our control; (x) that our joint venture with Levo Mobility LLC may fail to generate the expected financial results, and the return may be insufficient to justify our investment of effort and/or funds; (xi) changes in applicable laws or regulations; (xii) the COVID-19 pandemic and its effect directly on Nuvve and the economy generally; (xiii) risks related to disruption of management time from ongoing business operations due to our joint ventures; (xiv) risks relating to privacy and data protection laws, privacy or data breaches, or the loss of data; (xv) the possibility that Nuvve may be adversely affected by 3 other economic, business, and/or competitive factors, including increased inflation and interest rates, and the Russian invasion of Ukraine; (xvi) risks related to the benefits expected from the $1.2 trillion dollar infrastructure bill passed by the U.S. House of Representatives (H.R. 3684); (xvii) the risk that the Company will not be able to reach definitive agreements parties after an MOU has been signed; and (xviii) supply chain disruptions. Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the Annual Report on Form 10-K filed by Nuvve with the Securities and Exchange Commission (SEC) on March 31, 2022, and in the other reports that Nuvve has, and will file from time to time with the SEC. Nuvve's SEC filings are available publicly on the SEC's website at www.sec.gov.
Use of Projections
This press release contains projected financial information with respect to Nuvve. Such projected financial information constitutes forward-looking information, and is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. The assumptions and estimates underlying such financial forecast information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties. See "Forward-Looking Statements" above. Actual results may differ materially from the results contemplated by the financial forecast information contained in this press release, and the inclusion of such information in this press release should not be regarded as a representation by any person that the results reflected in such forecasts will be achieved.
Trademarks
This press release contains trademarks, service marks, trade names and copyrights of Nuvve and other companies, which are the property of their respective owners.
Nuvve Investor Contact
ICR Inc.
nuvve@icrinc.com
+1 (646) 200-8872
FINANCIAL TABLES FOLLOW
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SOURCE Nuvve Corporation | https://www.wibw.com/prnewswire/2022/08/11/nuvve-provides-second-quarter-2022-financial-update/ | 2022-08-11T21:32:17Z |
Committed to making comprehensive health and wellness solutions more accessible nationwide, Petco designs innovative concept to meet growing pet specialty demand
SAN DIEGO, June 16, 2022 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) today announced the launch of a new community-driven test concept designed to serve the health and wellness needs of pets and farm animals in small towns and rural communities. The grand opening of the first location will be in Floresville, Texas, this Friday, June 17.
"These are rapidly-growing markets where pet parents are looking for an experienced, pet-dedicated partner like Petco to help them care for the health and wellness of their animals," said Petco CEO, Ron Coughlin. "This is an exciting opportunity for us to serve more pets by dramatically expanding local access to healthy pet products and services."
Petco's new Neighborhood Farm & Pet Supply pet care centers feature brand-new, stand-alone retail locations strategically and conveniently situated at the heart of small-town and rural communities. Featuring the pet-focused support, and curated assortment of high-quality products and pet care services Petco is known for, while leveraging the strength of the company's omnichannel ecosystem, the Neighborhood Farm & Pet Supply pet care centers will serve as one-stop shops for health and wellness solutions for pets and farm animals such as horses, cows, pigs, sheep, goats and more.
With 14% of the U.S. population living in rural areas and that number rapidly growing, there is an estimated $7 billion total addressable market in small-town and rural locations*, providing Petco with an opportunity to capture significant incremental market share and share of wallet gains. According to the Economic Innovation Group and federal statistics, more than two-thirds of large urban counties saw their populations decline in 2021 — an exceptionally high share by historical standards. Additionally, for the first time in 50 years, counties with an urban center and more than 250,000 people experienced negative growth as a category. Exurban counties saw the biggest increase in population growth across the board, with about 80% gaining new residents.
The launch of the test concept is expected to inaugurate a handful of Neighborhood Farm & Pet Supply pet care centers in 2022, and bring Petco's curated assortment of products and services more quickly and at a lower cost than national and regional players, thanks to differentiated digital fulfilment offerings. To satisfy high customer interest in a specialty retailer with farm and companion animal food and supplies, Petco's full suite of offerings will include:
- High-quality nutrition
- Curated farm and feed assortment
- Live companion animals
- Mobile vaccination and grooming services
- Self-wash stations
- Same-day delivery
- Buy online, pick up in store
- Curbside pickup
Tailored to pets and farm animals of all shapes and sizes, the pet care centers will also serve as places for safe community gathering and connection. Each location will offer local events and an in-store community board to support safe, pet-friendly interaction amongst neighbors. In partnership with Petco Love (formerly Petco Foundation), the neighborhood farm and pet supply locations will offer adoption services and other health and wellness programs to further support local pets.
*Source: Synergos Technologies, Inc. Popstats demographics, Q4 2021.
Founded in 1965, Petco is a category-defining health and wellness company focused on improving the lives of pets, pet parents and our own Petco partners. We've consistently set new standards in pet care while delivering comprehensive pet wellness products, services and solutions, and creating communities that deepen the pet-pet parent bond. We operate more than 1,500 pet care centers across the U.S., Mexico and Puerto Rico, which offer merchandise, companion animals, grooming, training and a growing network of on-site veterinary hospitals and mobile veterinary clinics. Our complete pet health and wellness ecosystem is accessible through our pet care centers and digitally at petco.com and on the Petco app. In tandem with Petco Love (formerly the Petco Foundation), an independent nonprofit organization, we work with and support thousands of local animal welfare groups across the country and, through in-store adoption events, we've helped find homes for more than 6.5 million animals.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, concerning expectations, beliefs, plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements that are other than statements of historical fact. Although Petco believes that the expectations and assumptions reflected in these statements are reasonable, there can be no assurance that these expectations will prove to be correct. Forward-looking statements are subject to many risks and uncertainties, including the risk factors that Petco identifies in its Securities and Exchange Commission filings, and actual results may differ materially from the results discussed in such forward-looking statements. Petco undertakes no duty to update publicly any forward-looking statement that it may make, whether as a result of new information, future events or otherwise, except as may be required by applicable law, regulation or other competent legal authority.
Media Contact:
Ventura Olvera
ventura.olvera@petco.com
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SOURCE Petco Health and Wellness Company, Inc. | https://www.wibw.com/prnewswire/2022/06/16/petco-unveils-new-small-town-rural-retail-test-concept-tailored-health-wellness-needs-pets-farm-animals/ | 2022-06-16T12:51:23Z |
New analysis illustrates a growing need for unconventional thinking to drive growth
NEW YORK, June 15, 2022 /PRNewswire/ -- With new technology, cultural, political and pandemic-related shifts driving desire for new solutions to drive efficient growth, businesses face an emerging creativity gap. In advance of the 2022 Cannes Lions International Festival of Creativity, Deloitte Digital and LIONS have released the Creative Business Transformation study: "A Radical Re-Think - Why Business Transformation Needs to Get Creative."
Key findings:
- The growth of the growth title: Since 2015, the total number of global C-suite roles with a specific focus on growth, such as chief revenue officers and chief growth officers increased dramatically (256% and 554%, respectively), and at a much faster rate than CMOs (51%).
- The decline of chief creative officers: After a period of rapid growth between 2011 and 2018 (87% increase), the number of Chief Creative Officers declined 4% over the last four years.
- A shift away from creative skill sets and talent: Analysis of CMO role postings shows the demand for design skills has decreased 41% since 2019 and is now far lower than the demand for analytical skills. This shift is not limited to the C-suite. In nearly every industry, CMOs identify analytical expertise as a more important skill than creative expertise among their highest performing talent, according to a Deloitte Insights report on "Building the intelligent creative engine."
Deloitte Digital conducted an analysis spanning more than 10 years of global company profiles and job postings to provide insight into how the CMO role has evolved. Deloitte Digital and LIONS then examined 26 pieces of work entered into the Creative Business Transformation Lions Award at Cannes Lions International Festival of Creativity in 2020 and 2021 and completed interviews with Lion-winning and shortlisted brand-agency teams and esteemed jurors. (See full methodology below.)
Results from the company profile analysis suggest that companies are deprioritizing creativity, leaving gaps in C-suite leadership, talent skill sets and in organizational culture. To reverse this trend, an alternative approach visible in Lion-winning work, encourages marketing and creative leaders to apply creativity across all areas of business to deliver "creative" business transformation that differentiates from the competition.
"The Creative Business Transformation study is an unconventional report about the impact of creativity that we can all learn and benefit from," said Andrew Sandoz, global chief creative officer, Deloitte Digital. "Together with LIONS we hope to inspire many organizations to think differently and use new ideas to shape successful futures."
Simon Cook, CEO, LIONS, said, "At LIONS we've recognized the expanding role of creativity in driving businesses forward, and through our Creative Business Transformation Lions awards we've seen how successful businesses can flourish if they use a breadth of creative approaches to create value and drive competitive advantage alongside traditional brand communications. This report highlights the need for creativity in this space and we hope that this guide will help businesses understand how they can, and why they should, put creativity at the heart of their business transformation plans."
Pulling unlikely inspiration from George Miller, the director of action film "Mad Max: Fury Road," Deloitte Digital and LIONS found interesting parallels from Miller's radical approach to filmmaking, aiding CMOs, creatives and brands in understanding key creative principles that support successful business transformation. Together Deloitte Digital and LIONS provide a blueprint for CMOs, creatives and brand professionals, which when utilized can close creative gaps, lead to growth generation through creative business transformation and produce solutions to complex problems:
- Find hidden creatives: Inspiration can come from anywhere — from frontline employees, customers or partners. As such, forward-looking brands should encourage and consider all potential sources for the next big idea.
- Curate creative excellence patiently: Many promising ideas need guidance and cultivation to reach their full potential. Business transformation is no different.
- Widen the accountability lens: Many creative and impactful brands understand the scale of a business transformation is only as extensive as its corresponding measurement.
"A marketers' role is ever-evolving," said Suzanne Kounkel, chief marketing officer, Deloitte US. "This research shows that in a fast-paced, technology driven world, it's easy to forget the central role creativity plays in driving growth and bringing meaningful change to customers and the organization alike. Drawing from some of the most creative business transformations in recent memory, the research provides a roadmap to growing the organization's impact through creativity."
Infusing creativity into business transformation is powerful; it can set organizations apart and lead to significant growth. The full study from Deloitte Digital and LIONS can be found here.
Deloitte Digital conducted an analysis spanning more than 10 years of global company profiles and job postings, including more than two million organizational profiles from public, private and nonprofit organizations (sourced by BoardEx), that revealed how C-suite titles evolved over the last decade. More than 3,000 CMO role postings from the Burning Glass database were analyzed as well, providing insights into how CMO role postings evolved.
Deloitte Digital and LIONS then examined 26 pieces of work entered into the Creative Business Transformation Lions Award at Cannes Lions International Festival of Creativity in 2020 and 2021, completed eight in-depth interviews with Lion-winning brand-agency teams and four esteemed jurors. Comparing shortlisted and award-winning transformations against the rest of the field, Deloitte Digital and LIONS found several factors that set these transformations apart and led to significant growth to the bottom line.
At LIONS we have over 65 years of evidence that creative excellence moves people, business and society forward. Cannes Lions - The International Festival of Creativity - has been championing creative excellence since 1954 with the goal of providing a global destination and the definitive benchmark for creativity that drives progress. Progress for people, businesses, and society. Over the decades, we have recognized and celebrated creativity from a hugely diverse range of cultures around the world and showcased the power of creativity to the world's largest and most powerful advertisers and marketers. We know that highly creative companies grow faster, more profitably and shift culture. It's the power of ideas. They create new worlds from nothing.
Deloitte provides industry-leading audit, consulting, tax, and advisory services to many of the world's most admired brands, including nearly 90% of the Fortune 500® and more than 7,000 private companies. Our people come together for the greater good and work across the industry sectors that drive and shape today's marketplace—delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthier society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Building on more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte's more than 345,000 people worldwide connect for impact at www.deloitte.com.
Deloitte Digital helps companies create new growth by elevating the human experience — with connected ideas, technology and talent. Our ambition is to make the best customer-oriented organizations in the world. Alongside all of Deloitte, we foster the connections necessary to shape a better future for our clients, our culture, our society and our planet. Visit www.deloittedigital.com or follow Deloitte Digital on LinkedIn or Twitter to learn more.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
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SOURCE Deloitte Digital | https://www.kxii.com/prnewswire/2022/06/15/is-creativity-gap-holding-up-business-transformation-deloitte-digital-lions-analysis-launched-ahead-2022-cannes-lions-international-festival-creativity-indicates-yes/ | 2022-06-15T14:44:37Z |
The former chief data officer for the Department of Defense joins Fortem's board to provide strategic insights to help advance defense and security for the U.S. and its allies
PLEASANT GROVE, Utah, June 28, 2022 /PRNewswire/ -- Fortem Technologies, Inc., the leader in airspace security and defense for detecting and defeating dangerous drones, today announced the appointment of David Spirk to its Government Advisory Board. Spirk comes with 27 years of federal defense experience and currently works in an advisory and board member capacity with a portfolio of companies who focus on providing cutting edge technology to the national security sector of the United States and its allies.
Spirk most recently served as the U.S. Department of Defense's (DoD) first chief data officer, where he built up the DoD's Chief Data Office and created a strong focus on warfighter needs, data governance, and a data-ready workforce. He oversaw the establishment of, and gained Deputy Secretary of Defense advocacy for, the Operational Data Teams for the Combatant Commands (COCOMs). These teams extended Project Maven and Advana's data management platforms into all 11-COCOMs and the Joint Staff with data engineers capable of beginning the cross-COCOM data-driven transformation.
"I am honored to take the opportunity to join Fortem's Government Advisory Board and help the team drive its proven autonomous counter-UAS solution into operational formats," said Spirk. "From our warfighters, through law enforcement, and into critical infrastructure defense, Fortem already has the best data-driven counter-UAS solution that meets and defeats the rapidly growing threat. I'm thrilled to be a part of a team that has an industry leading understanding of the opportunity of turning the data they are generating into decision advantages for operators and analysts at the tactical, operational, and strategic level."
Formed in 2020, Fortem's Government Advisory Board is composed of former military, intelligence, and federal government executives across civilian, defense and intelligence sectors. The group provides strategic insights to help the company further advance the work and goals of the U.S. government and its allies. Current board members include Bruce Lemkin - former Deputy Under Secretary of the Air Force, International Affairs, Kevin Meiner - former Deputy Director of National Intelligence for Enterprise Capacity, and Lynn Wright - former Deputy Director of Naval Intelligence, among others.
To learn more, please visit www.fortemtech.com.
Fortem Technologies is the leader in airspace awareness, security, and defense for detecting and defeating dangerous drones. Through an advanced, end-to-end system of distributed radar, AI at the Edge, deep sensor integration, and autonomous drone capture, Fortem is deployed across 5 continents to monitor and defend the world's airspace over venues, campuses, and metro regions. The same system is accelerating the safety of the world's airspace for advanced air mobility (AAM). Based in Pleasant Grove, Utah, the company is privately held and backed by Toshiba, Boeing, DCVC, Mubadala Investment Company, Signia Venture Partners, and others. For more information visit fortemtech.com.
Contact:
BAM for Fortem Technologies
fortemtech@bamtheagency.com
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SOURCE Fortem Technologies, Inc. | https://www.kxii.com/prnewswire/2022/06/28/david-spirk-joins-fortem-technologies-government-advisory-board/ | 2022-06-28T21:05:08Z |
MONTREAL, June 6, 2022 /PRNewswire/ - PlayFitt powered by IntelliSports, the gamified movement app, announced the successful closing of its seed round, raising $2.5 million. The round was led by Anges Québec and included professional athlete Dr. Laurent Duvernay-Tardif, Bertrand Nepveu, Charles Bombardier, Investor group IC Excellent Ventures Inc, Peter MacKinnon, Florent Calliau, Antony Acciarri and Jean-François Grenon.
"With this investment, we have been able to hire top talent allowing us to bring PlayFitt to the level of a world class app. We are excited to take this big step forward, increase the awareness of PlayFitt and motivate people to move everyday." says PlayFitt CEO Jonathan Guillemette.
PlayFitt uses their team's experience in sports analytics, machine learning and video game development to build a platform that motivates you to reach small daily movement goals, whenever, wherever.
Antony Acciari and Jean-François Grenon, members of Anges Québec state: "PlayFitt is creating a new category of app that addresses one of the major health issues: a sedentary lifestyle. By encouraging every physical type of body to move just a little more, PlayFitt is encouraging users to live a healthier, happier and longer life."
Co-founded in 2019 by Jonathan Guillemette, a PhD in physics, and John Morris, a successful business leader at startups and billion-dollar companies, this round of investment follows PlayFitt crossing the 41 million active movements milestone undertaken by its 214,000 users.
Playfitt is a Montreal-based body neutral movement app that helps humans move more. Powered by AI technology that tracks reps, it leverages video game mechanics to get players hooked on leading a healthier lifestyle. Since launching in 2019, over 31 million movement breaks and 41 million active moves have been tracked and completed by its users. PlayFitt is committed to digital wellness by building tech that's good for you.
Thanks to the strength and diversity of its network, Anges Québec strategically accompanies angel investors and passionate and innovative entrepreneurs in their international ambitions. Founded in 2008, Anges Québec has over 230 members who have so far invested over $130 million in more than 160 Quebec high growth potential companies, positioning itself as a leader in the Québec venture capital industry.
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SOURCE PlayFitt | https://www.wibw.com/prnewswire/2022/06/06/playfitt-powered-by-intellisports-raises-25m-financing-further-develop-its-ai-powered-body-neutral-movement-app-designed-make-you-move-more/ | 2022-06-06T13:44:05Z |
DELRAY BEACH, Fla., Sept. 6, 2022 /PRNewswire/ -- The Ed Morse Automotive Group announced today it has acquired Cowboy Harley-Davidson's three locations in Texas, including the Harley-Davidson retail store located at River Walk in San Antonio. Cowboy Harley-Davidson's locations include Austin, Beaumont, and San Antonio. Ed Morse Automotive Group purchased the motorcycle dealerships from Cowboy Harley-Davidson. George Chaconas with Performance Brokerage Services facilitated the transaction.
The acquired motorcycle dealerships are:
- Cowboy Harley-Davidson Austin at 10917 S I-35 Frontage Rd, Austin, TX 78747
- Cowboy Harley-Davidson Beaumont at 1150 Interstate 10 S Access Rd, Beaumont, TX 77707
- Cowboy's Alamo City Harley-Davidson at 11005 North IH 35, San Antonio, TX 78233
- Cowboy's Alamo City Harley-Davidson Riverwalk retail store at 111 W Crockett St, Suite 209, San Antonio, TX 78205
"We are excited to add our first Motorsport franchises to our growing automotive family. I have a true passion for motorcycles and am proud to continue the growth of these locations. We look forward to making significant capital improvements and supporting the communities of Austin, Beaumont and San Antonio. The enhancements that we will bring will be beneficial to the success of the incredible employees there, but also providing our customers a world-class motorcycle-buying experience," said Teddy Morse, Chairman and CEO of Ed Morse Automotive Group.
The Ed Morse Automotive Group is headquartered in Delray Beach, Florida, and has been family-owned over 75 years. These acquisitions will add nearly 140 employees to its over 1,800 plus employee base, and will grow Ed Morse Automotive Group to 34 dealerships, 69 franchises, 38 locations, and 18 automotive and motorcycle brands.
The Morse family has been in the automotive business since 1946 when Ed Morse founded Morse Motors. Over 75 years later, Ed's grandson, Chairman/CEO Teddy Morse continues to build on the legacy and family tradition. Headquartered in Delray Beach, Florida and with recent acquisitions into Texas, Iowa, Missouri, Illinois and Oklahoma, Ed Morse Automotive Group is considered to be one of the nation's fastest growing and most respected automotive dealer groups. www.edmorse.com
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SOURCE Ed Morse Automotive Group | https://www.mysuncoast.com/prnewswire/2022/09/06/ed-morse-automotive-group-acquires-cowboy-harley-davidson-deal-includes-four-properties-three-texas-locations/ | 2022-09-06T17:37:10Z |
BOSTON, Aug. 8, 2022 /PRNewswire/ -- Capitol Securities Management, Inc. is pleased to welcome Paul J. Grod to Pivotal Wealth Management and our firm. Paul began his career in the financial services industry in 2007. From 2009 until 2022 he has been with KeyBank as an investment licensed banker. During his time with KeyBank, he was a six-time recipient of the prestigious Signature Circle Award, recognizing the top performers throughout the bank. In his role at KeyBank, he partnered with Financial Advisors to collaborate with clients to achieve their financial goals. He is passionate about collaborating with clients, taking a holistic approach to improve their financial wellness and delivering excellent service. Mr. Grod attended Fairleigh Dickinson University, in Teaneck, NJ.
Paul is located at 1 Blue Hill Plaza, Lobby Level, #1509, Pearl River, NY 10965. His contact information is pgrod@capitolsecurities.com. (845-219-5161)
Paul will be working with John Scarpino, jscarpino@capitolsecurities.com .
Capitol Securities Management, Inc. is a Mid-Atlantic based, regional brokerage and investment advisory firm with locations from New England to Florida and has been serving the needs of its clients and advisors since 1985. Capitol Securities has a clearing relationship for its clients' accounts, products, services, and technology with Raymond James. It is a member of FINRA and SIPC. For more information on Capitol Securities and its holistic, client centered, platform and services. www.capitolsecurities.com or call Brad Kimball, National Business Development Director at (857) 343-2316. bkimball@capitolsecurities.com.
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SOURCE Capitol Securities Management, Inc. | https://www.kxii.com/prnewswire/2022/08/08/capitol-securities-welcomes-paul-j-grod-pivotal-wealth-management-our-firm/ | 2022-08-08T12:40:46Z |
Alexandria Real Estate Equities, Inc., at the Vanguard of the Life Science Industry, Reports: 1Q22 Net Loss per Share - Diluted of $0.96; 1Q22 FFO per Share - Diluted, As Adjusted, of $2.05
Published: Apr. 25, 2022 at 3:10 PM CDT|Updated: 1 hour ago
PASADENA, Calif., April 25, 2022 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE) announced financial and operating results for the first quarter ended March 31, 2022.
Continued strong leasing volume in 1Q22, after a historic year of leasing in 2021
Strong leasing activity continued in 1Q22 with the second-highest leasing volume in Company history for both total space and development and redevelopment space:
During 1Q22, we executed the following long-term leases:
Continued strong net operating income and internal growth
Net operating income (cash basis) of $1.5 billion for 1Q22 annualized, up $301.3 million, or 24.9%, compared to 1Q21 annualized.
7.6% and 7.3% (cash basis) same property net operating income increase for 1Q22 over 1Q21.
A REIT industry-leading high-quality tenant roster with high-quality revenues and cash flows, strong margins, and operational excellence
100 Binney Street achieves $1 billion valuation milestone in recapitalization
During 1Q22, we completed the sale of a 70% interest in 100 Binney Street in our Cambridge/Inner Suburbs submarket of Greater Boston for a sales price of $713.2 million, or $2,353 per RSF, at capitalization rates of 3.6% and 3.5% (cash basis), representing an excess of $413.6 million above our book value of the 70% interest sold. The sales price at 100% represents a property valuation of $1.02 billion. Proceeds from this sale will be reinvested into our highly leased value-creation pipeline and acquisitions with development and redevelopment opportunities.
Continued high demand drives visibility for future growth aggregating $665 million of incremental annual rental revenue
Our highly leased value-creation pipeline of current and key near-term projects that are under construction or that will commence construction in the next six quarters is expected to generate greater than $665 million of incremental annual rental revenue, primarily commencing from 2Q22 through 1Q25.
8.0 million RSF of our value-creation projects are either under construction or expected to commence construction in the next six quarters.
77% leased/negotiating.
Strong and flexible balance sheet with significant liquidity
Investment-grade credit ratings ranked in the top 10% among all publicly traded U.S. REITs as of March 31, 2022.
Net debt and preferred stock to Adjusted EBITDA of 5.5x and fixed-charge coverage ratio of 5.1x for 1Q22 annualized.
Total debt and preferred stock to gross assets of 28% as of March 31, 2022.
$5.7 billion liquidity as of March 31, 2022.
Continued dividend strategy to share growth in cash flows with stockholders
Common stock dividend declared for 1Q22 of $1.15 per common share, aggregating $4.54 per common share for the twelve months ended March 31, 2022, up 24 cents, or 6%, over the twelve months ended March 31, 2021. Our FFO payout ratio of 57% for the three months ended March 31, 2022 allows us to continue to share growth in cash flows from operating activities with our stockholders while also retaining a significant portion for reinvestment.
Key items included in operating results
External growth and investment in real estate
Alexandria at the vanguard of innovation with a focus on accommodating our tenants' current needs and providing a path for their future growth; high-quality roster of over 1,000 tenants
During 1Q22, we completed acquisitions in our key life science cluster submarkets aggregating 7.3 million SF and comprising 6.9 million RSF of future development and redevelopment opportunities and 451,760 RSF of operating space for an aggregate purchase price of $1.8 billion. These acquisitions continue to be primarily focused on future development or redevelopment opportunities to expand our mega campuses and accommodate the future growth of our tenants.
Delivery and commencement of value-creation projects
During 1Q22, we placed into service development and redevelopment projects aggregating 566,665 RSF across multiple submarkets.
82% of construction costs related to active development and redevelopment projects aggregating 5.4 million RSF are under a guaranteed maximum price contract or other contracts. Our budgets also include a landlord contingency that generally ranges between 3% and 5%. Refer to "Definitions and reconciliations" in our Supplemental Information for additional details.
Annual net operating income (cash basis) is expected to increase by $48 million upon the burn-off of initial free rent from recently delivered projects.
During 1Q22, we commenced construction on five value-creation projects aggregating 1.1 million RSF, including:
Delivery and commencement of value-creation projects (continued)
Balance sheet management
Key metrics as of March 31, 2022
$42.8 billion in total market capitalization.
$32.5 billion in total equity capitalization, which ranks in the top 10% among all publicly traded U.S. REITs as of March 31, 2022.
No debt maturities prior to 2025 as of April 25, 2022.
13.8 years weighted-average remaining term of debt as of March 31, 2022.
Key capital events
During 1Q22, our common equity transactions included the following:
In March 2022, we settled a portion of these forward equity sales agreements by issuing 3.2 million shares and received net proceeds of $648.2 million.
We expect to issue 4.8 million shares to settle our remaining outstanding forward equity sales agreements and receive net proceeds of approximately $1.0 billion in 2022.
In February 2022, we opportunistically issued $1.8 billion of unsecured senior notes payable with a weighted-average interest rate of 3.28% and a weighted-average maturity of 22.0 years. The unsecured senior notes include:
Investments
As of March 31, 2022, our investments aggregated $1.7 billion, including unrealized gains of $532.6 million.
Investment loss of $240.3 million for the three months ended March 31, 2022 included $23.1 million in realized gains and $263.4 million in unrealized losses (due to changes in fair value).
Subsequent event
In April 2022, we repaid two secured notes payable aggregating $195.0 million due in 2024 with an effective interest rate of 3.40% and recognized a loss on early extinguishment of debt of $3.3 million, including a prepayment penalty and the write-off of unamortized loan fees.
Industry and ESG leadership: catalyzing and leading the way for positive change to benefit human health and society
In April 2022, 9880 Campus Point Drive, a 98,000 RSF development on the Alexandria Point mega campus in our University Town Center submarket, earned LEED Platinum certification, the highest level of certification under the U.S. Green Building Council's Core & Shell rating system. Home to Alexandria GradLabs®, a dynamic proprietary platform purpose-built to accelerate the growth of promising post-seed-stage life science companies, the cutting-edge facility demonstrates high levels of sustainability, including decreased water consumption, significantly reduced energy use, and increased use of recycled resources and materials.
In March 2022, Alexandria's executive chairman and founder, Joel S. Marcus, was honored by the National Medal of Honor Museum Foundation in Arlington, Texas during a groundbreaking ceremony in celebration of the historic mission-critical milestone in the development of the national museum. Mr. Marcus, who serves on the foundation's board of directors, attended alongside fellow foundation board members, major museum donors, government officials, and 15 Medal of Honor recipients to commemorate the foundation's remarkable progress toward its goal to build a permanent home where the inspiring stories of our country's Medal of Honor recipients will be brought to life.
In February 2022, Alexandria was ranked the #5 most sustainable REIT, as featured in the Barron's article, "10 Real Estate Companies That Are Both Greener and More Profitable."
In February 2022, Alexandria earned the first-ever Fitwel Life Science certification for 300 Technology Square, located on the Alexandria Technology Square® mega campus in our Cambridge/Inner Suburbs submarket. The new rigorous, evidence-based Fitwel Life Science Scorecard — developed in partnership with the Center for Active Design exclusively for Alexandria — is the first healthy building framework dedicated to laboratory facilities, marking another pioneering effort by the company to prioritize tenant health and wellness and further differentiate our world-class laboratory buildings.
In January 2022, Alexandria Venture Investments, our strategic venture capital platform, was recognized by Silicon Valley Bank in its "Healthcare Investments and Exits: 2022 Annual Report" as the #1 most active corporate investor in biopharma by new deal volume (2020-2021) for the fifth consecutive year. In March 2022, Alexandria Venture Investments was also recognized by AgFunder in its "2022 AgriFoodTech Investment Report" as one of the five most active U.S. Investors in agrifoodtech by number of companies in which it invested (2021) for the second consecutive year.
Several of Alexandria's facilities and campuses across our regions received awards in honor of excellence in operations, development, and design:
Earnings Call Information and About the Company March 31, 2022
We will host a conference call on Tuesday, April 26, 2022, at 3:00 p.m. Eastern Time ("ET")/noon Pacific Time ("PT"), which is open to the general public, to discuss our financial and operating results for the first quarter ended March 31, 2022. To participate in this conference call, dial (833) 366-1125 or (412) 902-6738 shortly before 3:00 p.m. ET/noon PT and ask the operator to join the call for Alexandria Real Estate Equities, Inc. The audio webcast can be accessed at www.are.com in the "For Investors" section. A replay of the call will be available for a limited time from 5:00 p.m. ET/2:00 p.m. PT on Tuesday, April 26, 2022. The replay number is (877) 344-7529 or (412) 317-0088, and the access code is 3372112.
Additionally, a copy of this Earnings Press Release and Supplemental Information for the first quarter ended March 31, 2022 is available in the "For Investors" section of our website at www.are.com or by following this link: http://www.are.com/fs/2022q1.pdf.
For any questions, please contact Joel S. Marcus, executive chairman and founder; Peter M. Moglia, co-chief executive officer and co-chief investment officer; Stephen A. Richardson, co-chief executive officer; Dean A. Shigenaga, president and chief financial officer; Paula Schwartz, managing director of Rx Communications Group, at (917) 322-2216; or Sara M. Kabakoff, vice president – communications, at (626) 578-0777.
About the Company
Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500® urban office real estate investment trust ("REIT"), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, agtech, and technology campuses in AAA innovation cluster locations, with a total market capitalization of $42.8 billion and an asset base in North America of 74.2 million square feet ("SF") as of March 31, 2022. The asset base in North America includes 41.9 million RSF of operating properties and 5.4 million RSF of Class A properties undergoing construction, 10.4 million RSF of near-term and intermediate-term development and redevelopment projects, and 16.5 million SF of future development projects. Founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science, agtech, and technology campuses that provide our innovative tenants with highly dynamic and collaborative environments that enhance their ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity, and success. Alexandria also provides strategic capital to transformative life science, agtech, and technology companies through our venture capital platform. We believe our unique business model and diligent underwriting ensure a high-quality and diverse tenant base that results in higher occupancy levels, longer lease terms, higher rental income, higher returns, and greater long-term asset value. For additional information on Alexandria, please visit www.are.com.
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This document includes "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. Such forward-looking statements include, without limitation, statements regarding our 2022 earnings per share attributable to Alexandria's common stockholders – diluted, 2022 funds from operations per share attributable to Alexandria's common stockholders – diluted, net operating income, and our projected sources and uses of capital. You can identify the forward-looking statements by their use of forward-looking words, such as "forecast," "guidance," "goals," "projects," "estimates," "anticipates," "believes," "expects," "intends," "may," "plans," "seeks," "should," "targets," or "will," or the negative of those words or similar words. These forward-looking statements are based on our current expectations, beliefs, projections, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts, as well as a number of assumptions concerning future events. There can be no assurance that actual results will not be materially higher or lower than these expectations. These statements are subject to risks, uncertainties, assumptions, and other important factors that could cause actual results to differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, without limitation, our failure to obtain capital (debt, construction financing, and/or equity) or refinance debt maturities, lower than expected yields, increased interest rates and operating costs, adverse economic or real estate developments in our markets, our failure to successfully place into service and lease any properties undergoing development or redevelopment and our existing space held for future development or redevelopment (including new properties acquired for that purpose), our failure to successfully operate or lease acquired properties, decreased rental rates, increased vacancy rates or failure to renew or replace expiring leases, defaults on or non-renewal of leases by tenants, adverse general and local economic conditions, an unfavorable capital market environment, decreased leasing activity or lease renewals, failure to obtain LEED and other healthy building certifications and efficiencies, and other risks and uncertainties detailed in our filings with the Securities and Exchange Commission ("SEC"). Accordingly, you are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements are made as of the date of this Earnings Press Release and Supplemental Information, and unless otherwise stated, we assume no obligation to update this information and expressly disclaim any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. For more discussion relating to risks and uncertainties that could cause actual results to differ materially from those anticipated in our forward-looking statements, and risks to our business in general, please refer to our SEC filings, including our most recent annual report on Form 10-K and any subsequent quarterly reports on Form 10-Q.
Alexandria®, Lighthouse Design® logo, Building the Future of Life-Changing Innovation®, That's What's in Our DNA®, GradLabs®, Alexandria Center®, Alexandria Technology Square®, Alexandria Technology Center®, and Alexandria Innovation Center® are copyrights and trademarks of Alexandria Real Estate Equities, Inc. All other company names, trademarks, and logos referenced herein are the property of their respective owners.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.wibw.com/prnewswire/2022/04/25/alexandria-real-estate-equities-inc-vanguard-life-science-industry-reports-1q22-net-loss-per-share-diluted-096-1q22-ffo-per-share-diluted-adjusted-205/ | 2022-04-25T21:15:42Z |
‘Pure joy’: Grandma earns college degree at age 84
MINNEAPOLIS (WCCO) - Nearly seven decades after she started college, an 84-year-old woman graduated, proving it’s never too late to achieve one’s goals.
Betty Sandison started studying at the University of Minnesota about 67 years ago. She had to pause her education when she got married but never lost her desire to finish.
On May 7, Sandison graduated with a degree in multidisciplinary studies at age 84.
“Just pure joy, pure joy, pure satisfaction that I had attained my goal of walking across Northrop [Mall],” she said.
Sandison left Renville, her small farm town in central Minnesota in 1955, as the first person in her family to go to college. She went to the university to get her license to be a nurse, a program that only took her a year.
She continued taking college courses but didn’t finish her degree, taken off course by meeting her husband and following his career moves. She stopped about 25 to 28 credits short of graduating.
After raising two daughters and pursuing a decades-long nursing career, Sandison eventually retired in 2013.
“I was out to lunch with friends, and we were talking about bucket lists and things we wanted to do. I said I always wanted to graduate from the U,” she said.
Determined to make that happen, Sandison enrolled in classes at the university in fall 2018, where her second time around was a lot different.
The campus was larger, but her biggest obstacle was technology.
“That computer business just almost did me in,” Sandison said.
Going virtual during the peak of the COVID-19 pandemic in 2020 nearly kept her from her goal. She had to drop both the classes she tried to take online.
But Sandison finally got her degree, proving it’s never too late to achieve one’s goals.
“You need to do what you want to do or what your goals are. Don’t let anybody stop you,” she said.
She says she doesn’t know what’s next for her, but she’s already brainstorming a new goal she can work towards.
Copyright 2022 WCCO via CNN Newsource. All rights reserved. | https://www.kxii.com/2022/05/24/pure-joy-grandma-earns-college-degree-age-84/ | 2022-05-24T08:45:01Z |
NEW YORK, July 25, 2022 /PRNewswire/ -- Attention Yext, Inc. ("Yext") (NYSE: YEXT) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between March 4, 2021 and March 8, 2022.
If you suffered a loss on your investment in Yext, contact us about potential recovery by using the link below. There is no cost or obligation to you.
ABOUT THE ACTION: The class action against Yext includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (i) Yext's revenue and earnings were significantly deteriorating because of, among other things, poor sales execution and performance, as well as COVID-19 related disruptions; (ii) accordingly, Yext was unlikely to meet consensus estimates for its full year fiscal 2022 financial results and fiscal 2023 outlook; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE: August 16, 2022
Aggrieved Yext investors only have until August 16, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: vw@wongesq.com
View original content:
SOURCE The Law Offices of Vincent Wong | https://www.mysuncoast.com/prnewswire/2022/07/25/class-action-alert-law-offices-vincent-wong-remind-yext-investors-lead-plaintiff-deadline-august-16-2022/ | 2022-07-25T11:04:34Z |
A former member of the Canadian national gymnastics team wrote a public letter accusing the country’s 2016 Olympic coach of climbing into bed and pressing his body up against her, reaching his hand underneath her shirt and trying to talk her into exposing her breasts.
The letter by Abby Pearson Spadafora, 38, revealed the latest in a long series of allegations of sexual, emotional and physical abuse by coaches Dave and Elizabeth Brubaker, who have been banned by Gymnastics Canada.
“The abuse never stopped,” Spadafora wrote in her letter released Thursday. “My male coach would regularly snap the back of my sports bras when I started wearing them. I was taught that gaining weight and puberty were a bad thing. Injuries were rarely taken seriously, and I was taught to hide the pain.”
Spadafora said she started training 25-35 hours a week at age 7, and was weighed twice a day.
“This is when the grooming began that led to years of abuse,” she said of her training, which began in around 1991.
A group of 11 gymnasts, including Spadafora, have come forward to detail abuses at the Bluewater Gymnastics Club in Ontario. They took part in an investigation by Gymnastics Canada that led to the Brubakers’ bans. Spadafora and another athlete have criticized the investigation. saying it re-traumatized them because they were urged not to say anything publicly for fear it would be used against them in the hearing process.
Some 480 athletes have signed a petition asking the Canadian government to commission an independent third-party investigation into abuses at the club.
Dave Brubaker, who coached the Canadian Olympic team in 2016, was found not guilty of sexual assault and sexual exploitation in 2019 after the judge in the case involving a former gymnast disclosed that the officer investigating Brubaker was related to the alleged victim.
His lifetime ban from Gymnastics Canada, and his wife’s ban through Jan. 18, 2024, was handed down earlier this year after a disciplinary panel confirmed 54 counts of misconduct by the Brubakers. The Brubakers initially appealed their bans, but in March withdrew the appeals.
The attorney who represented the Brubakers in the sexual assault trial, Patrick Ducharme, did not immediately return an email from The Associated Press.
In her open letter, Spadafora said the abuse was mostly physical in the early years. She described an episode in which her coach put her in a handstand on a low bar, 5 feet off the ground, then pushed her hands off the bar to force her to crash into the mat headfirst.
“He repeated this several times and not once did he check me for a concussion,” she wrote. “I was eleven! I was petrified and wanted to cry, but I knew I couldn’t for fear of retribution.”
The advocacy group Global Athlete released a statement saying Spadafora should be applauded for the bravery to come forward and tell her story.
“Her brave stance in sharing her lived experience must be shared to stop such normalized behavior,” the statement said. | https://cw33.com/sports/ap-sports/canadian-gymnast-tells-of-sexual-emotional-abuse-by-coach/ | 2022-05-26T16:36:36Z |
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