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Former EVP/COO of 7-Eleven to Help Franchisor & Multi-Unit Companies Achieve Potential
DALLAS, Aug. 30, 2022 /PRNewswire/ -- Princeton Equity Group ("Princeton"), a leading private equity firm focused on franchise and multi-unit companies, announced today that Christopher P. Tanco has joined the firm as an Operating Partner and will be based out of the firm's Dallas office. In this role, Mr. Tanco will work closely with the Princeton investment team to evaluate acquisitions and with the firm's portfolio company management teams to enhance growth and strategic efforts.
Before joining Princeton, Mr. Tanco was Executive Vice President and Chief Operating Officer at 7-Eleven, the world's largest franchise brand. As Chief Operating Officer, Chris led all aspects for 7-Eleven's 13,000 domestic stores including field operations and support, franchise development, acquisition integration, store evolution, digital, facilities, maintenance, construction, and the company's Canadian business unit. Before being promoted to Chief Operating Officer, Chris led 7-Eleven's international business which oversaw the company's 35,000 licensed, company owned, franchised, and joint venture stores across 20 countries. Prior to 7-Eleven, Chris spent 17 years at Yum! Brands, having served in various leadership roles across operations (domestically and internationally), franchise, and general management. Earlier in his career, Chris was a successful entrepreneur in the Philippines.
Doug Kennealey, Co-Managing Partner of Princeton Equity Group, said, "We are thrilled to welcome Chris to the Princeton team. He has a tremendous breadth and depth of experiences across some of the world's leading franchise and multi-unit brands. We are humbled to have him on the team and think he will be an invaluable resource to our founder and management team partners."
Jim Waskovich, Co-Managing Partner of Princeton Equity Group, added, "Like us, Chris believes that a strong and supportive franchisee culture and infrastructure is critical to the success of the overall franchise system. We are delighted to begin working together as we help our portfolio companies reach the next level."
"I'm incredibly excited to join the Princeton team," said Tanco. "I've had the pleasure to know Princeton for many years, and their reputation and track record is superb. I'm very much looking forward to working with the entire team to help these exciting, growth-oriented companies achieve their potential."
About Princeton Equity Group
Princeton Equity Group is among the most experienced franchisor and multi-unit investors in the United States and exclusively invests in leading franchisor and multi-unit companies. Princeton views each investment as a long-term, supportive business partnership with founders and management teams to help build companies of great value. The principals at Princeton have sponsored investments in some of the most admired, growth-oriented franchisors and multi-unit companies in the U.S. For more information, visit www.princetonequity.com.
Contact: Julianne Stevenson, 224-558-2510 or jstevenson@fishmanpr.com
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SOURCE Princeton Equity Group | https://www.kxii.com/prnewswire/2022/08/30/princeton-equity-group-adds-christopher-tanco-operating-partner-accelerate-growth-firm-amp-portfolio-brands/ | 2022-08-30T16:26:39Z |
ICARO Chairman & CEO Paul Feller Featured in The Silicon Review's June Special Edition 2022
NEW YORK, June 16, 2022 /PRNewswire/ -- ICARO™ Media Group, a leading Artificial Intelligence-Driven Media Technology Company for Global Telecoms and Media Broadcast Companies, has been selected by The Silicon Review, the world's most trusted online and print community for business & technology professionals, as one of the "5 Best Tech Media Companies to Watch 2022."
As the world's most trusted online and print community for business & technology professionals, The Silicon Review's community members include thought-provoking CEOs, CIOs, CTOs, IT VPs, managers, and countless IT professionals.
This recognition by The Silicon Review is an acknowledgement of ICARO's unique value proposition in the digital content space through its AI-powered direct-to-consumer products, with an addressable audience of over 220 million subscribers under contract in over 25 countries in LATAM, North America, and Europe. ICARO products support global telecoms and broadcast partners, with expansion underway into the technology sectors of fiber networks, subscription-based media, linear TV, and live entertainment.
"It's an incredible honor for ICARO Media Group to be recognized for our achievements in this way," stated Paul Feller, Chairman & CEO of ICARO Media Group. "We've spent the past several years developing a host of truly innovative products and solutions in our mission to become a globally-established leader in the AI-driven digital content space, and to be acknowledged by our peer community in The Silicon Review is extremely gratifying. I couldn't be prouder of the ICARO team for their tireless work in getting us to this point, and I can't wait to see how far we'll go from here."
You can read the article ICARO Media Group AI-Powered Media Technology Empowering Global Telecoms and Media Broadcast Companies here: https://thesiliconreview.com/magazine/profile/icaro-media-ai-powered-media-technology/
ICARO empowers Global Telecoms, Media Companies and Broadcast television networks, with over 220M subscribers under contract in LATAM, Europe and North America, to create personalized content offerings and digital experiences for their customers. Through both its SaaS platform and AI-powered direct-to-consumer products, ICARO gives media companies and global telcos the ability to grow revenues, build audience, and access turnkey solutions to stay competitive in an evolving media and technology marketplace. The ICARO platform features include access to a premium content library in several languages, international content distribution solutions, advanced geofencing controls, e-commerce integrations, advertising integrations, multimedia management and curation tools, metadata enhancement and optimization, channels and playlists, and video management and hosting. ICARO's platforms support multi-language digital content to a growing list of publishers, telco partners and media groups. ICARO is headquartered in New York, with international offices located in Los Angeles, São Paulo, Mexico City, Toronto, Rome, Boca Raton and London. For more information, please visit www.icaromediagroup.com.
Forward-Looking Statements: Statements in this press release relating to plans, strategies, projections of results, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors. Although the company's management believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance or achievements. The company has no obligation to update these forward-looking statements.
Contact: press@icaromediagroup.com
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SOURCE ICARO Media Group | https://www.wibw.com/prnewswire/2022/06/16/icaro-media-group-recognized-among-5-best-tech-media-companies-watch-2022/ | 2022-06-16T14:20:54Z |
RALEIGH, N.C. (AP) — A North Carolina-based semiconductor company announced Friday it will build a $5 billion manufacturing plant in its home state to produce silicon carbide wafers, which is emerging as a favored part for renewable energy products.
Wolfspeed Inc. said it plans to create 1,800 new jobs by the end of 2030 at a location in Chatham County, about 45 miles (72 kilometers) southwest of its Durham headquarters.
Wolfspeed could benefit from $775 million in cash incentives, infrastructure improvements and other sweeteners from North Carolina and local governments and the state legislature to build on the outskirts of Siler City, according to a state document. The lion’s share would be in the form of local property tax rebates.
A state committee voted earlier Friday to award Wolfspeed up to $76 million over 20 years if it met investment and job-creation goals. The company is also likely to benefit financially from legislation signed by President Joe Biden last month that encourages semiconductor research and production.
The company, formerly known as Cree, already employs over 3,000 jobs in the state. The former LED light pioneer has turned to the production of silicon carbine chips, which are known to be more efficient and solid than traditional silicon chips.
“It’s a game-changing technology for electric vehicles, renewable energy, storage, rail systems, appliances … and countless other electric applications,” Wolfspeed CEO Gregg Lowe said at the announcement outside the Executive Mansion in Raleigh.
Lowe said the company already operates the world’s largest silicon carbide materials factory in Durham. Output at the new plant, which Lowe said could begin production in about two years, would be more than 10 times what the Durham plant produces.
The materials produced at the new plant will help supply the company’s new chip fabrication facility in upstate New York, Lowe said.
This “East Coast silicon carbide corridor will dramatically improve the way the world consumes energy,” Lowe said.
Average annual salaries for the new jobs, which would be generated starting in 2026, are projected at $77,753, well above the county average of $41,638, according to state officials.
Gov. Roy Cooper said Wolfspeed’s news was an “historic capital investment” in the state and called Friday “another step in our drive toward a clean energy economy” as well as “an amazing day for high-paying jobs. ”
Lowe likened an electric vehicle with silicon chips to a car with a combustion engine whose gas tank is poked full of holes. Meanwhile, he said, a silicon carbide chip within an inverter that converts electricity to turn the vehicle’s motor results in super-fast recharging, he said — 20 minutes to add another 300 miles to his vehicle’s range, for example.
The jobs announcement marked another big economic win for central North Carolina during the past 17 months.
Apple announced plans in April 2021 to build its first East Coast campus in Research Triangle Park between Raleigh and Durham. Toyota revealed in December it would build a battery plant in Randolph County, followed the next month by Boom Supersonic picking Greensboro for its first full-scale manufacturing facility for next-generation supersonic passenger jets.
Chatham County also got the brass ring in March when Vietnamese automaker VinFast said it would build its first North American plant there to make electric vehicles. The investment, which could generate 7,500 jobs, would follow several near-misses by the state to attract a carmaker.
Wolfspeed had considered the expansion in Marcy, New York, where its new production facility is located and where it had additional space for expansion, according to a state Commerce Department document.
Lowe said after the announcement that the company looked at several states, and New York “put together a really strong package.”
But the winning site’s proximity to Wolfspeed’s current operations in Durham, along with the company’s relationship with North Carolina A&T State University in Greensboro, a historically Black college, “gave it a little bit of a tipping edge,” he said. Wolfspeed on Friday also announced expanded initiatives to attract the school’s engineering students to the semiconductor field.
Graduate students at North Carolina State University in Raleigh helped start what is now Wolfspeed in 1987. | https://cw33.com/technology/ap-technology/ap-north-carolina-wins-wolfspeed-semiconductor-materials-plant/ | 2022-09-10T16:32:34Z |
DELAFIELD, Wis., May 13, 2022 /PRNewswire/ -- St. John's Northwestern Academies (SJNA) campus hosted its Families Weekend April 29 – May 1. On May 1, SJNA conducted a formal parade and award presentation, where Waukesha County Executive, Mr. Paul Farrow, presented The Governor's Medal for the State of Wisconsin to Cadet SGT Brian Thometz from Lake Geneva, WI.
The Governor's Medal for the State of Wisconsin is awarded to a cadet from SJNA's Junior Class who, in addition to being a resident of the state of Wisconsin, best exemplifies the qualities of outstanding patriotism, attention to duty, and academic excellence within the Corps of Cadets. As the recipient of the Governor's Medal, this cadet has been nominated to attend the Badger State Boys Competition this summer.
Thometz is concluding his first year attending SJNA. Described by teachers and peers as a model cadet; Thometz is motivated, kind, conscientious, and helpful with a high level of integrity and solid character. He also excels academically, currently holding the highest GPA in his junior class.
Upper School Dean Mrs. Stephanie Ihler states, "Brian is an excellent history student, and as such, Mr. Jon Bennett recommended him to participate in a local project out of Pewaukee called the Bell Tower Project." This organization seeks to document the lives and stories of our local veterans so that they can be digitally archived in the National Archives in Washington, D.C. Ihler continued, "Brian has done an outstanding job learning first-hand through a complex interview process about the veteran's service to our country for the national archives. Brian is an all-around exemplary cadet and young man."
Founded in 1884, St. John's Northwestern Academies develops young men and women inspired to become responsible citizens and moral and ethical leaders for the global community. For more information, visit www.sjnacademies.org.
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SOURCE St. John's Northwestern Academies | https://www.wibw.com/prnewswire/2022/05/13/st-johns-northwestern-academies-csgt-brian-thometz-awarded-governors-medal-state-wisconsin/ | 2022-05-13T19:49:06Z |
Fourth Quarter
- Net revenue of $335.3 million, up $24.4 million or 7.8% year-over-year
- GAAP operating margin of 14.3%, up 380 bps year-over-year
- Non-GAAP operating margin of 21.3%, up 50 bps year-over-year
- GAAP EPS of $0.07, up $0.06 or 600.0% year-over-year
- Non-GAAP EPS of $0.24, up $0.02 or 9.1% year-over-year
Fiscal 2022
- Net revenue of $1,292.4 million, up $93.5 million or 7.8% year-over-year
- GAAP operating margin of 14.3%, up 240 bps year-over-year
- Non-GAAP operating margin of 22.2%, up 110 bps year-over-year
- GAAP EPS of $0.07, down $0.22 or 75.9% year-over-year
- Non-GAAP EPS of $0.95, up $0.12 or 14.5% year-over-year
CHANDLER, Ariz., Aug. 11, 2022 /PRNewswire/ -- VIAVI (NASDAQ: VIAV) today reported results for its fourth fiscal quarter ended July 2, 2022.
Fourth quarter of fiscal 2022 net revenue was $335.3 million. GAAP net income was $16.5 million, or $0.07 per share. Non-GAAP net income was $55.8 million, or $0.24 per share.
Third quarter of fiscal 2022 net revenue was $315.5 million. GAAP net income was $19.2 million or $0.08 per share. Non-GAAP net income was $52.0 million, or $0.22 per share.
Fourth quarter of fiscal 2021 net revenue was $310.9 million. GAAP net income was $3.3 million, or $0.01 per share. Non-GAAP net income was $52.5 million, or $0.22 per share.
"I am pleased with VIAVI's performance in the fiscal year 2022. We generated record revenue, close to $1.3 billion, and record operating profit, exceeding our strategic plan goals that we set out three years ago before the pandemic, global supply chain issues, and inflationary pressures," said Oleg Khaykin, VIAVI's President and Chief Executive Officer.
Khaykin added, "I am also pleased with VIAVI's performance and momentum during the fiscal Q4 2022, resulting in record revenue and record fourth quarter profitability driven by Fiber-to-the-Home deployment, 400GbE network and data center upgrades, and the investments in O-RAN network expansions."
Financial Overview:
The tables below (in millions, except percentage, and per share data) provide comparisons of quarterly results to prior periods, including sequential quarterly and year-over-year changes. A full reconciliation between the GAAP and non-GAAP measures included in the tables is contained in this release under the section titled "Use of Non-GAAP (Adjusted) Financial Measures."
Fourth Quarter Ended July 2, 2022
Fiscal Year Ended July 2, 2022
- Americas, Asia-Pacific and EMEA customers represented 38.7%, 38.7% and 22.6%, respectively, of total net revenue for the quarter ended July 2, 2022.
- As of July 2, 2022, the Company held $564.9 million in total cash, short-term restricted cash and short-term investments.
- As of July 2, 2022, the Company had $223.9 million aggregate principal amount of 1.00% Senior Convertible Notes, $68.1 million aggregate principal amount of 1.75% Senior Convertible Notes and $400 million aggregate principal amount of 3.75% Senior Notes with a total net carrying value of $684.5 million.
- During the fiscal quarter and fiscal year ended July 2, 2022, the Company generated $73.6 million and $178.1 million respectively, of cash flows from operations.
Business Outlook for the First Quarter of Fiscal 2023
For the first quarter of fiscal 2023 ending October 1, 2022, the Company expects net revenue to be between $317 million to $331 million and non-GAAP earnings per share to be between $0.22 to $0.24.
With respect to our expectations above, the Company has not reconciled non-GAAP net income per share to GAAP net income per share in this press release because it is unable to provide a meaningful or accurate estimate of certain reconciling items described in the "Use of Non-GAAP (Adjusted) Financial Measures" section below and the information is not available without unreasonable effort as a result of the inherent difficulty of forecasting the timing and/or amounts of certain items, including certain charges related to restructuring, acquisition, integration and related charges. In addition, the Company believes such reconciliations would imply a degree of precision that may be confusing or misleading to investors.
Conference Call
The Company will discuss these results and other related matters at 1:30 p.m. Pacific Time on August 11, 2022 in a live webcast, which will also be archived for replay on the Company's website at https://investor.viavisolutions.com. The Company will post supplementary slides outlining the Company's latest financial results on https://investor.viavisolutions.com under the "Quarterly Results" section concurrently with this earnings press release. This press release is being furnished as a Current Report on Form 8-K with the Securities and Exchange Commission, and will be available at www.sec.gov.
About VIAVI Solutions
VIAVI (NASDAQ: VIAV) is a global provider of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, original equipment manufacturers, government and avionics. We help these customers harness the power of instruments, automation, intelligence, and virtualization to Command the network. VIAVI is also a leader in light management solutions for the anti-counterfeiting, consumer electronics, industrial, government, and automotive markets.
To serve our markets, we operate in the following business segments:
- Network Enablement;
- Service Enablement; and
- Optical Security and Performance Products.
Learn more about VIAVI at https://www.viavisolutions.com. Follow us on VIAVI Perspectives, LinkedIn, Twitter, YouTube and Facebook.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include any expectation, anticipation or guidance as to future financial performance, including future revenue, gross margin, operating expense, operating margin, profitability targets, cash flow and other financial metrics, as well as the impact and duration of certain trends and market position and conditions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. In particular, the Company's ability to predict future financial performance continues to be difficult due to, among other things: (a) continuing general limited visibility across many of our product lines; (b) quarter-over-quarter product mix fluctuations, which can materially impact profitability measures due to the broad gross margin ranges across our portfolio; (c) consolidations in our customer base; (d) unforeseen changes in the demand for current and new products, technologies, services, delays or unforeseen events in the roll-out of new industry platforms such as 5G or evolving technology such as 3D sensing and customer purchasing delays as they assess or transition to such new technologies and/or architectures, all of which limit near-term demand visibility, and could negatively impact potential revenue; (e) continued decline of average selling prices across our businesses; (f) notable seasonality and a significant level of in-quarter book-and-ship business; (g) various product and manufacturing transfers, site consolidations, product discontinuances and restructuring and workforce reduction plans; (h) challenges integrating the businesses the Company has acquired and realizing all of the expected benefits and savings; (i) supply chain and materials constraints and the ability of our suppliers and contract manufacturers to meet production and delivery requirements to our forecasted demand; (j) potential disruptions or delays to our manufacturing and operations due to climate conditions and natural disasters in the regions where we operate, such as wildfires, drought conditions and related water shortages in Arizona, as well as wildfires in Northern California and related blackouts and power outages in that region; (k) the uncertain and ongoing impact to our supply chain of military conflicts, such as the escalating conflict between Russia and Ukraine, tariffs, sanctions and other trade measures imposed by domestic and foreign governments and the possibility of escalation of "trade wars," cyber-attacks, and retaliatory measures; (l) the impact of infectious disease outbreaks, epidemics, and pandemics including the ongoing effects of the COVID-19 global pandemic on our financial results, revenues, customer demand, business operations and manufacturing and on the business operations of our customers, contract manufacturers and suppliers; and (m) inherent uncertainty related to global markets, including inflationary pressures, recessions and tightening liquidity and the effect of such markets on demand for our products. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. For more information on the risks and uncertainties associated with the Company's business, please refer to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" sections of the Company's filings with the Securities and Exchange Commission, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. The forward-looking statements contained in this press release are made as of the date thereof and the Company assumes no obligation to update such statements. We have not filed our Form 10-K for the year ended July 2, 2022. As a result, all financial results described in this earnings release should be considered preliminary, and are subject to change to reflect any necessary adjustments or changes in accounting estimates, that are identified prior to the time we file the Form 10-K.
Contact Information
Investors:
Sagar Hebbar
408-404-4507
sagar.hebbar@viavisolutions.com
Press:
Amit Malhotra
202-341-8624
amit.malhotra@viavisolutions.com
The following financial tables are presented in accordance with GAAP, unless otherwise specified.
-SELECTED PRELIMINARY FINANCIAL DATA -
Use of Non-GAAP (Adjusted) Financial Measures
The Company provides non-GAAP gross margin, non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, EBITDA and adjusted EBITDA financial measures as supplemental information regarding the Company's operational performance. The Company uses the measures disclosed in this release to evaluate the Company's historical and prospective financial performance, as well as its performance relative to its competitors. Specifically, management uses these items to further its own understanding of the Company's core operating performance, which the Company believes represent its performance in the ordinary, ongoing and customary course of its operations. Accordingly, management excludes from core operating performance items such as those relating to certain purchase price accounting adjustments, amortization of acquisition-related intangibles and inventory step-up, stock-based compensation, restructuring, separation costs, changes in fair value of contingent consideration liabilities and certain investing expenses and non-cash activities that management believes are not reflective of such ordinary, ongoing and customary course activities. Additionally, the Company excludes the results of discontinued operations in calculating non-GAAP net income (loss), non-GAAP net income (loss) per share, EBITDA and adjusted EBITDA for all periods reported. The Company believes excluding these items enables investors to evaluate more clearly and consistently the Company's core operational performance.
The Company believes providing this additional information allows investors to see Company results through the eyes of management. The Company further believes that providing this information allows investors to better understand the Company's financial performance and, importantly, to evaluate the efficacy of the methodology and information used by management to evaluate and measure such performance.
The non-GAAP adjustments described in this release are excluded by the Company from its non-GAAP financial measures. The non-GAAP adjustments, and the basis for excluding them, are outlined below.
Cost of revenues, costs of research and development and costs of selling, general and administrative: The Company's GAAP presentation of gross margin and operating expenses may include (i) additional depreciation and amortization from changes in estimated useful life and the write-down of certain property, equipment and intangibles that have been identified for disposal but remained in use until the date of disposal, (ii) workforce related charges such as severance, retention bonuses and employee relocation costs related to formal restructuring plans, (iii) costs for facilities not required for ongoing operations, and costs related to the relocation of certain equipment from these facilities and/or contract manufacturer facilities, (iv) stock-based compensation, (v) changes in fair value of contingent consideration liabilities and (vi) other charges unrelated to our core operating performance comprising mainly of acquisition related transaction costs, amortization of acquisition related inventory step-up, integration costs related to acquired entities, litigation and other costs and contingencies unrelated to current and future operations, including transformational initiatives such as the implementation of simplified automated processes, site consolidations, and reorganizations. The Company excludes these items in calculating non-GAAP gross margin, non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, EBITDA and adjusted EBITDA. The Company believes excluding these items enables investors to evaluate more clearly and consistently the Company's core operational performance.
Amortization of intangibles: The Company includes amortization expense related to intangibles in its GAAP presentation of cost of revenues and operating expense. The Company excludes these significant non-cash items in calculating non-GAAP gross margin, non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, EBITDA and adjusted EBITDA, because it believes doing so provides investors a clearer and more consistent view of the Company's core operating performance in terms of cost of revenues and operating expenses.
Non-cash interest expense and other expense: The Company incurred a loss of $3.1M and $101.8M for the three and twelve months ended July 2, 2022, respectively, in connection with the repurchase of certain 1.00% and 1.75% Senior Convertible Notes which was recorded in interest income and other income (expense), net, in compliance with authoritative guidance. The Company eliminates this in calculating non-GAAP net income (loss), and non-GAAP net income (loss) per share, EBITDA and adjusted EBITDA, because it believes that in so doing, it can provide investors a clearer and more consistent view of the Company's core operating performance.
Income tax expense or benefit: The Company excludes certain non-cash tax expense or benefit items, such as the utilization of net operating losses where valuation allowances were released, intra-period tax allocation benefit and the tax effect for amortization of non-tax deductible intangible assets, in calculating non-GAAP net income (loss) and non-GAAP net income (loss) per share. The Company believes excluding these items enables investors to evaluate more clearly and consistently the Company's core operational performance.
Interest, taxes, depreciation, amortization and other adjustments: The Company's EBITDA calculation primarily excludes interest income and other income (expense), interest expense, taxes, depreciation and amortization, and other items that are not part of its core operating performance described above. The Company's adjusted EBITDA excludes items in addition to the items excluded from the EBITDA calculation such as stock-based compensation, restructuring and related charges (benefits), gain or loss on sale of available for-sale investments, changes in fair value of contingent consideration liabilities arising from prior acquisitions and other charges related to activities that are not part of its core operating performance described above. Management believes adjusted EBITDA is a helpful indicator of the Company's core operational cash flow.
Non-GAAP financial measures are not in accordance with, preferable to, or an alternative for, generally accepted accounting principles in the United States. The GAAP measure most directly comparable to non-GAAP net income (loss) is net income (loss). The GAAP measure most directly comparable to non-GAAP net income (loss) per share is net income (loss) per share. The Company believes these GAAP measures alone are not fully indicative of its core operating expenses and performance and that providing non-GAAP financial measures in conjunction with GAAP measures provides valuable supplemental information regarding the Company's overall performance.
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SOURCE VIAVI Financials | https://www.kxii.com/prnewswire/2022/08/11/viavi-announces-fourth-quarter-year-ended-fiscal-2022-results/ | 2022-08-11T21:27:54Z |
WUHAN, China, May 18, 2022 /PRNewswire/ -- DouYu International Holdings Limited ("DouYu" or the "Company") (Nasdaq: DOYU), a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced its unaudited financial results for the first quarter ended March 31, 2022.
First Quarter 2022 Financial and Operational Highlights
- Total net revenues in the first quarter of 2022 were RMB1,795.6 million (US$283.3 million), compared with RMB2,152.7 million in the same period of 2021.
- Gross profit in the first quarter of 2022 was RMB243.8 million (US$38.5 million), compared with RMB260.2 million in the same period of 2021.
- Net loss in the first quarter of 2022 was RMB86.9 million (US$13.7 million), compared with RMB101.8 million in the same period of 2021.
- Adjusted net loss[1] in the first quarter of 2022 was RMB52.5 million (US$8.3 million), compared with RMB70.7 million in the same period of 2021.
- Average mobile MAUs[2] in the first quarter of 2022 were 55.1 million, compared with 59.1 million in the same period of 2021.
- Quarterly average paying user[3] count in the first quarter of 2022 was 6.4 million, compared with 7.0 million in the same period of 2021.
Mr. Shaojie Chen, Chief Executive Officer of DouYu, commented, "During the first quarter of 2022, we continued executing on our strategic upgrade to develop our game-centric comprehensive content platform. In conjunction with our adoption of a selective copyright procurement strategy, we increased our investment in self-produced content and tournaments and enhanced our collaboration with game developers and distributors to deliver a stable operational performance through our high-quality game contents and refined operations. Our average mobile MAUs were 55.1 million in the first quarter. Going forward, we will continue to explore new business initiatives by leveraging our competitive advantage in livestreaming, videos, graphics, and interactive communities, while maintaining our leading position in the traditional livestreaming industry."
Mr. Hao Cao, Vice President of DouYu, commented, "In the first quarter of 2022, our total revenues were RMB1.8 billion and our gross profit was RMB243.8 million, representing a gross margin of 13.6%. During the same quarter, we continued to make adjustments to our livestreaming operations and optimized our cost structure while constantly offering our premium content and refining our operations. We focused on operating efficiency improvement through ROI enhancement and cost controls and achieved encouraging results. Our gross margin improved year over year and net loss decreased to 86.9 million, while adjusted net loss narrowed to RMB52.5 million. Looking ahead, we will continue to improve our operational efficiency and remain focused on exploring new growth drivers and enhancing monetization capabilities to generate sustainable growth and higher shareholder value."
First Quarter 2022 Financial Results
Total net revenues in the first quarter of 2022 decreased by 16.6% to RMB1,795.6 million (US$283.3million), compared with RMB2,152.7 million in the same period of 2021.
Livestreaming revenues in the first quarter of 2022 decreased by 13.6% to RMB1,727.2 million (US$272.5 million) from RMB1,998.6 million in the same period of 2021. The decrease was due to the implementation of prudent operating strategies in anticipation of a tightening regulatory environment. Such strategies primarily include the Company's adjustments to certain interactive features and the related operations in order to promote the long-term development of its platform.
Advertising and other revenues in the first quarter of 2022 were RMB68.4 million (US$10.8 million), compared with RMB154.1 million in the same period of 2021. The decrease was primarily due to the continued exploration of new commercialization models by using a portion of advertising traffic that could have been directly monetized, as well as the challenging macro environment.
Cost of revenues in the first quarter of 2022 was RMB1,551.8million (US$244.8 million), a decrease of 18.0% compared with RMB1,892.5 million in the same period of 2021.
Revenue sharing fees and content costs in the first quarter of 2022 decreased by 19.2% to RMB1,340.6 million (US$211.5 million) from RMB1,659.6 million in the same period of 2021. The decrease was primarily due to the decreased revenue sharing fees which is in line with the Company's decreased livestreaming revenues, as well as a significant decrease in copyright costs.
Bandwidth costs in the first quarter of 2022 decreased by 11.8% to RMB151.9 million (US$24.0 million) from RMB172.1 million in the same period of 2021. The decrease was mainly due to less peak bandwidth usage for fewer purchased eSport tournaments, as well as lower per unit bandwidth costs as a result of improved procurement efficiency.
Gross profit in the first quarter of 2022 was RMB243.8 million (US$38.5 million), compared with RMB260.2 million in the same period of 2021. Gross margin in the first quarter of 2022 improved to 13.6% from 12.1% in the same period of 2021. The increase in gross margin was primarily due to the significant decrease in copyright costs as a percentage of total net revenues.
Sales and marketing expenses in the first quarter of 2022 decreased 11.2% to RMB186.4 million (US$29.4 million) from RMB209.9 million in the same period of 2021. The decrease was mainly attributable to the decreased personnel-related expenses and branding expenses.
Research and development expenses in the first quarter of 2022 increased 4.5% to RMB116.3 million (US$18.3million) from RMB111.3 million in the same period of 2021. The increase was primarily attributable to continued investment in technical personnel as the Company continues to invest in product upgrades to support its game-centric content strategy.
General and administrative expenses in the first quarter of 2022 increased 2.3% to RMB90.1 million (US$14.2 million) from RMB88.1 million in the same period of 2021.
Other operating income, net in the first quarter of 2022 was RMB47.8 million (US$7.5 million), compared with other operating income of RMB23.9 million in the same period of 2021.
Loss from operations in the first quarter of 2022 was RMB101.2 million (US$16.0 million), compared with RMB125.1 million in the same period of 2021.
Adjusted loss from operations in the first quarter of 2022, which adds back share-based compensation expenses, was RMB68.0 million (US$10.7 million), compared with RMB91.8 million in the same period of 2021.
Income tax expenses in the first quarter of 2022 and 2021 were nil due to the Company's cumulative net losses and the resulting tax loss carry forward.
Net loss in the first quarter of 2022 was RMB86.9 million (US$13.7 million), compared with RMB101.8 million in the same period of 2021.
Adjusted net loss in the first quarter of 2022, which excludes share-based compensation expenses, share of loss in equity method investments, and impairment loss of investments, was RMB52.5 million (US$8.3 million), compared with RMB70.7 million in the same period of 2021.
Basic and diluted net loss per ADS[4] in the first quarter of 2022 were RMB0.27 (US$0.04) and RMB0.27 (US$0.04), respectively. Adjusted basic and diluted net loss per ADS in the first quarter of 2022 were RMB0.16 (US$0.03) and RMB0.16 (US$0.03), respectively.
Cash and cash equivalents, restricted cash and bank deposits
As of March 31, 2022, the Company had cash and cash equivalents, restricted cash, short-term and long-term bank deposits of RMB6,315 million (US$996.2 million), compared with RMB6,643 million as of December 31, 2021.
Share Repurchase Program
On August 30, 2021, the Company announced that its board of directors had authorized a share repurchase program under which the Company may repurchase up to US$100 million of its ordinary shares in the form of ADSs during a period of up to 12 months commencing on August 30, 2021. The Company expects to utilize existing funds to make repurchases under this program. As of March 31, 2022, the Company had repurchased an aggregate of US$33.9 million (RMB215 million) worth of its ADSs under this program.
Recent Developments
Regulatory Update
On May 7, 2022, the competent authorities of the PRC issued the Opinion on Live Streaming Virtual Gifting and Enhancing the Protection of Minors (the "Opinion"). The Opinion stipulates that, for the main purpose of protecting minors, internet platforms shall, among other requirements and restrictions, (i) prohibit minors from engaging in virtual gifting, (ii) cancel all ranking functions that rank livestreamers solely by the volume of virtual gifts that they receive or rank users by the volume of virtual gifts that they send, within one month starting from the publication of the Opinion, and (iii) impose restrictions on certain interaction functions between 8:00 p.m. and 10:00 p.m. every day.
The Company is committed to fully complying with the Opinion and other applicable laws and regulations. Although the interpretation and implementation of the Opinion remain uncertain, the Company is carefully considering the provisions of the Opinion and assessing their implications for the Company's business. While the Company has been proactively monitoring the regulatory trends, and has strategically adjusted its operational strategies in response to the evolving regulatory landscape, the Company expects the Opinion, and the compliance measures to be taken, will have negative impacts on the live streaming service of the industry players, including that of the Company, which may in turn adversely affect the Company's business operations and financial condition. The Company will proactively seek guidance from and cooperate with the regulatory authorities in connection with its efforts to comply with the Opinion and the related implementation rules. There is no assurance that the compliance measures that the Company plans to take will be effective, or the implementation of the Opinion will not have a material adverse impact on the Company's business operations and financial condition in the following quarters.
Conference Call Information
The Company will hold a conference call on May 18, 2022, at 7:00am Eastern Time (or 7:00pm Beijing Time on the same day) to discuss the financial results. Listeners may access the call by dialing the following numbers:
The replay will be accessible through May 25, 2022, by dialing the following numbers:
A live and archived webcast of the conference call will also be available at the Company's investor relations website at http://ir.douyu.com/.
About DouYu International Holdings Limited
Headquartered in Wuhan, China, DouYu International Holdings Limited (Nasdaq: DOYU) is a leading game-centric live streaming platform in China and a pioneer in the eSports value chain. DouYu operates its platform on both PC and mobile apps to bring users access to immersive and interactive games and entertainment livestreaming, a wide array of video and graphic contents, as well as opportunities to participate in community events and discussions. By nurturing a sustainable technology-based talent development system and relentlessly producing high-quality content, DouYu consistently delivers premium content through integration of livestreaming, video, graphics, and virtual communities with a primary focus on games, especially on eSports. This enables DouYu to continuously expand its user base and enhance its user experience. For more information, please see http://ir.douyu.com/.
Use of Non-GAAP Financial Measures
Adjusted operating income (loss) is calculated as operating income (loss) adjusted for share-based compensation expenses. Adjusted net income (loss) is calculated as net income (loss) adjusted for share-based compensation expenses, share of income (loss) in equity method investments, and impairment loss on investments. Adjusted net income (loss) attributable to DouYu is calculated as net income (loss) attributable to DouYu adjusted for share-based compensation expenses, share of income (loss) in equity method investments, and impairment loss of investments. Adjusted basic and diluted net income per ordinary share is non-GAAP net income attributable to ordinary shareholders divided by weighted average number of ordinary shares used in the calculation of non-GAAP basic and diluted net income per ordinary share. The Company adjusted the impact of (i) share-based compensation expenses, (ii) share of income (loss) in equity method investments, (iii) impairment loss of investments to understand and evaluate the Company's core operating performance. The non-GAAP financial measures are presented to enhance investors' overall understanding of the Company's financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. Investors are encouraged to review the reconciliation of the historical non-GAAP financial measures to its most directly comparable GAAP financial measures. As non-GAAP financial measures have material limitations as analytical metrics and may not be calculated in the same manner by all companies, they may not be comparable to other similarly titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measures as a substitute for, or superior to, such metrics in accordance with U.S. GAAP.
For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of Non-GAAP Results" near the end of this release.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.3393 to US$1.00, the noon buying rate in effect on March 31, 2022, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB amounts could have been, or could be, converted, realized or settled in U.S. dollars at that rate on March 31, 2022, or at any other rate.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and 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: the Company's results of operations and financial condition; the Company's business strategies; general market conditions, in particular the game live streaming market; the ability of the Company to retain and grow active and paying users; changes in general economic and business conditions in China; the impact of the COVID-19 to the Company's business operations and the economy in China and globally; any adverse changes in laws, regulations, rules, policies or guidelines applicable to the Company; and assumptions underlying or related to any of the foregoing. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the Securities Exchange Commission. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.
Investor Relations Contact
Lingling Kong
DouYu International Holdings Limited
Email: ir@douyu.tv
Phone: +1 (646) 224-6934
Robin Yang
ICR, LLC.
Email: DouYu.IR@icrinc.com
Phone: +1 (646) 224-6934
Media Relations Contact
Lingling Kong
DouYu International Holdings Limited
Email: pr_douyu@douyu.tv
Phone: +1 (646) 308-1475
Edmond Lococo
ICR, LLC.
Email: DouYu.PR@icrinc.com
Phone: +1 (646) 308-1475
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SOURCE DouYu International Holdings Limited | https://www.kxii.com/prnewswire/2022/05/18/douyu-international-holdings-limited-reports-first-quarter-2022-unaudited-financial-results/ | 2022-05-18T09:06:34Z |
TORONTO, Aug. 3, 2022 /PRNewswire/ - Braxia Scientific Corp. ("Braxia", or the "Company"), (CSE: BRAX) (OTC: BRAXF) (FSE: 4960), a leader in the treatment and research of mental health conditions, is pleased to announce it has acquired 100% of the issued and outstanding stock of KetaMD, Inc. ("KetaMD") (the "Transaction"). KetaMD is a U.S. based, privately-held, innovative telemedicine company, with a mission to address mental health challenges via access to technology-facilitated ketamine-based treatments.
KetaMD's end-to-end telemedicine platform, utilizing leading technology, provides access to safe, affordable, and potentially life-changing at-home ketamine treatments for people suffering from depression and related mental health conditions. Treatments are medically supervised, guided virtually by registered nurses with mental health expertise, and backed by the world's leading psychiatrists and researchers in depression. KetaMD's integration of ketamine and telemedicine is guided by best practices and treatment guidance.
With the acquisition of KetaMD, Braxia provides a compelling and differentiated value proposition. KetaMD's innovative technology capabilities provides Braxia the opportunity to offer both patient-centric in-person and digital telehealth ketamine treatments, combined with established clinical research and development capabilities focused on the commercialization and real-world implementation of novel pharmaceuticals. Braxia plans to further augment tools and capabilities of the KetaMD platform, including planning new clinical trials in the U.S. and leveraging Braxia's growing proprietary patient dataset, with patient outcomes, to support potential future development of digital therapeutics in the management of depression and other related mental health conditions.
"Today marks a notable step forward in bringing awareness, accessibility and scalability of the benefits of ketamine and psychedelics generally for those suffering from depression and other mood disorders," says Dr. Roger McIntyre, CEO, Braxia Scientific. "We've seen improved outcomes firsthand from ketamine treatment in our clinics and in our clinical trials. Adding digital telehealth capabilities through KetaMD's highly anticipated online and mobile platform strengthens our position to lead the medical use of evidence-based psychedelics, while accelerating our ability to get treatment to those in need, safely and quickly across the U.S. and Canada, and globally in the future. I'm delighted the KetaMD leadership will be bringing their immeasurable talents as key leaders in the organization and as Braxia shareholders."
KetaMD is currently available in the State of Florida but a roll-out to other key states is planned in 2022.
KetaMD joins Braxia to create an important mental healthcare solution that will be easily accessible to people living with depression, many who often don't leave their homes. The highly scalable KetaMD platform will allow trained medical professionals to connect to more patients, addressing the urgent unmet need of millions suffering with mental health conditions, and the growing shortage of mental health specialists in the U.S. According to World Psychiatry journal, the U.S. was short 4 million mental health specialists at the end of 2020, with 115 million people lacking access to mental healthcare services, trained mental health specialists, physicians, and psychiatrists.
Braxia's acquisition of KetaMD addresses this access gap, enabling Braxia to reach more people in need by uniting in-person clinics with telemedicine for innovative, effective, and legal treatments.
KetaMD was founded by psychedelic pioneers Zappy Zapolin and Warren Gumpel, along with mindfulness instructor and brand experience expert Kaia Roman and the company's President and Chief Operating Officer, Leann Taylor. The team are dedicated to helping those suffering from debilitating mental health issues find relief through ketamine and other novel psychedelic medicines.
Zappy Zapolin, Co-Founder of KetaMD, commented, "Following the acquisition of KetaMD, Braxia is a well positioned vertically-integrated psychedelic medicine company. Combined, Braxia and KetaMD now have operations ranging from clinics to bioscience R&D to an at-home telemedicine platform, overseen by Dr. McIntyre, one of the foremost authorities in mood disorders and treatments."
Warren Gumpel, CEO and Co-Founder of KetaMD commented, "The KetaMD team is honored to have the opportunity to work with Dr. McIntyre, Dr. Rosenblat, and a world's leading research team in the area of depression and mood disorders. I believe this will be the key distinguishing factor in KetaMD's success."
Daniel Herrera, Braxia VP of R&D and Growth added, "The KetaMD team have created a company and brand that we believe will connect and resonate with so many people in the rapidly growing mental health space. The combination of Braxia's mental health clinical expertise and KetaMD's digital platform, we believe, will quickly increase access to treatment for people suffering from mental health disorders, positioning the company as a leading provider of safe, affordable, at-home ketamine treatment in the U.S. and Canada. This alliance also allows for innovation in clinical research and scaling of access to experimental therapeutics in this patient population."
Mental health conditions impact over one billion people worldwide annually, with depression representing the leading cause of disability across the globe. One-in-five people in the U.S. live with depression. Studies show that nearly 35 percent of people with depression do not have access to the pharmacy, treatments, and innovative therapies that could lead to more positive outcomes. Also, in 2020, 80 percent of physicians indicated they had taken part in virtual visits, up from 22 percent the year before (Amwell Research), and 40 percent of consumers indicated in a recent McKinsey report that they will continue to use telehealth services post - COVID (McKinsey report - July 2021).
Under the terms of the share purchase agreement in respect of the Transaction, Braxia acquired 100% of the common stock of KetaMD on the following terms:
- Holders of KetaMD common stock ("KetaMD Common Shareholders") were issued 42,144,629 Braxia common shares (the "Consideration Shares"), representing approximately 17.5% of the total issued Braxia common shares on a post-closing basis;
- approximately 80.6% of the Consideration Shares are subject to a contractual lock-up, with such Consideration Shares being released in 6-month increments until the final release occurring in 18 months;
- The KetaMD Common Shareholders will potentially also receive up to 21,915,207 Braxia common shares (the "Earnout Shares") in the event that (A) the market capitalization of Braxia reaches certain sustainable levels during the period ending on the fifth anniversary of the closing of the Transaction and/or (B) KetaMD achieves certain gross income and EBITDA milestones over the three fiscal years following closing of the Transaction. If issued, the Earnout Shares would represent 8.3% of the issued and outstanding Braxia common shares on a post-closing basis;
- The KetaMD Common Shareholders have entered into a voting support arrangement with Braxia pursuant to which they have agreed to support proposed nominees of the board and other shareholder resolutions recommended by the board of Braxia;
- Certain existing noteholders of KetaMD were issued approximately $2.94 million of convertible debentures of Braxia (the "Debentures") due December 31, 2023 (the "Maturity Date") in exchange for the cancellation of the KetaMD notes, which will provide a conversion right into Braxia common shares at the option of the holder and mandatory conversion by Braxia if not converted or repaid prior to the Maturity Date. The Debentures may also be prepaid or redeemed at the option of Braxia. The conversion price for optional conversion by the holder will be based on the benchmark price of $0.10 per Braxia common share (the "Benchmark Price"). The conversion price for mandatory conversion by Braxia on the Maturity Date is $0.15 per share which is 150% higher than the closing price of the Braxia common shares on the Canadian Securities Exchange (the "CSE") on August 2, 2022, the trading day prior to this announcement, of $0.06 per share.
- Holders of the Debentures will be entitled to convert a portion of their holdings into Braxia common shares as follows:
- The Debentures contain a mandatory cash prepayment obligation in the event Braxia raises USD $10 million in equity capital prior to the Maturity Date.
Based on the closing price of the Braxia common shares on the CSE on Tuesday August 2, 2022, the total value of the consideration paid for KetaMD, including the amount of USD $619,000 invested in the KetaMD Notes, but excluding the value of the Earnout Shares, the timing and issuance of which is uncertain, is approximately $6,262,902. Following the Transaction, there are no KetaMD notes outstanding, other than those held by Braxia.
KetaMD will remain its own standalone brand under the Braxia umbrella and will operate initially in the United States.
KetaMD is now available for clients in Florida, the first state where services are currently offered. KetaMD expects to launch its offering in California, New York, Texas, Colorado, and Washington in 2022, and plans to continue to expand throughout the United States.
Warren Gumpel will continue as CEO of KetaMD and Leann Taylor will continue as President and COO. Both have signed employment agreements. Ms. Taylor will join the board of Braxia following the closing. Zappy Zapolin and Kaia Roman will remain with KetaMD as advisors.
- KetaMD's mission is to expand access and awareness to psychedelic medicine treatment to as many as possible at a time when mental health issues are devastating people across the world.
- KetaMD's secure, HIPAA-compliant telemedicine platform is designed for clients to connect with medical professionals for diagnosis and prescribed treatments, with all treatments guided virtually by registered nurses.
- KetaMD founders include Zappy Zapolin, well-known "psychedelic concierge to the stars", co-founder and CEO Warren Gumpel, leading advocate in the ketamine space, Chief Experience Officer Kaia Roman, a certified mindfulness instructor and bestselling author of The Joy Plan, with 20 years of brand experience work in Silicon Valley, and President and Chief Operating Officer, Leann Taylor, who has a track record of building and scaling business at multiple companies including Caliva, Warner Music Group and Gartner, Inc.
- Zapolin and Gumpel also founded The Ketamine Fund, a non-profit organization that has donated over 500 free, medically-supervised ketamine treatments to veterans suffering from PTSD, substantially reducing their depression and suicidal ideation.
- KetaMD's expert medical team is led by several of the world's leading depression researchers and practitioners, including Dr. Joshua Rosenblat, Medical Director at Braxia, Dr. Daniel Kang, Chief Medical Officer at KetaMD, Dr. Sanjiv Chopra, Professor of Medicine at Harvard Medical School, Dr. Yousif A-Rahim, Chief Medical Officer at Covenant Physical Partners, and Dr. Edward Pearson, Medical Director at KMD Medical Group.
- Braxia led by CEO, Dr. Roger McIntyre, is a world-renowned researcher, psychiatrist, and pharmacologist. He has been involved in more than 750 published research articles centered around the treatment of mental health disorders.
- Braxia opened the first community-based clinic in Canada offering IV and oral ketamine treatments for depression in 2018. To date, the Company has expanded to five clinics across Ontario and Quebec with over 100 mental health medical professionals.
- Braxia's clinics have administered more than 6,000 ketamine treatments to date across a growing patient base in Canada.
- As lead author of the "International Expert Opinion on the Available Evidence and Implementation of Ketamine and Esketamine in Mood Disorders", published in the American Journal of Psychiatry in March 2021, Dr. McIntyre established the protocols for the use of ketamine for the treatment of mood disorders.
- Braxia is a global leader in the clinical research of ketamine and psilocybin. Braxia is its own Clinical Research Organization (CRO), giving it the ability to efficiently carryout clinical trials with new rapid acting treatments including trials to document the benefits of mood disorder psychedelics such as ketamine and psilocybin.
- First ever company to conduct a Health Canada-approved multiple-dose psilocybin clinical trial. First patients were dosed in November 2021 and Company reported positive preliminary results that effectively demonstrated the feasibility of Braxia's proprietary psilocybin-assisted therapy protocol with high rates of recruitment and retention with adequate tolerability and safety.
- Braxia was also first to receive Health Canada approval under a Special Access Program ("SAP") to provide psilocybin-assisted psychotherapy to a patient with Major Depressive Disorder in Ontario. Braxia has since received SAP approvals for additional patients.
- Braxia team has registered and conducted 11 clinical trials in depression to date (Source: https://clinicaltrials.gov).
- Overall, the Braxia executive team has extensive research experience with 756 peer-reviewed publications to their credit, including 52 ketamine-related peer-reviewed publications, four psilocybin-related peer-reviewed publications and 507 depression-related peer-reviewed publications (Source: National Library of Medicine/ pubmed.gov).
- The amassed library of Braxia attributed research ranks the Company in the 99.2nd percentile of the top 500 global researchers in ketamine and depression, and 99.8th percentile of the top 500 global researchers in mood disorders, a category in which Dr. McIntyre is ranked 1st in the world according to Expertscape.
KetaMD is a HIPAA-compliant telemedicine platform providing affordable and potentially life-changing at-home medical ketamine treatments. Prescribed by medical professionals and guided by registered nurses via our secure platform, KetaMD is a safe and effective alternative for the millions of adults that currently rely on conventional mental health treatments to relieve depression, anxiety, and related mental health challenges. Our mission is to make this treatment safely accessible to those who need it across the United States. Through KetaMD's program, adults who receive a qualifying diagnosis from one of our licensed medical prescribers may participate in our fully virtual program. For more information, visit www.ketamd.com.
Braxia Scientific is a medical research company with clinics that provide innovative ketamine treatments for persons with depression and related disorders. Through its medical solutions, Braxia aims to reduce the illness burden of brain-based mental disorders such as major depressive disorder among others. Braxia is primarily focused on (i) owning and operating multidisciplinary clinics, providing treatment for mental health disorders, and (ii) research activities related to discovering and commercializing novel drugs and delivery methods. Braxia seeks to develop ketamine and derivatives and other psychedelic products from its IP development platform. Through its wholly owned subsidiary, the Canadian Rapid Treatment Center of Excellence Inc., Braxia currently operates multidisciplinary community-based clinics offering rapid-acting treatments for depression located in Mississauga, Toronto, Ottawa, and Montreal. For more information, visit www.braxiascientific.com or www.braxiahealth.com.
The CSE has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
This news release contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations, or beliefs of future performance are "forward-looking statements."
Forward-looking statements include statements about the intended promise of ketamine-based or other psychedelic treatments for depression, the potential for ketamine or other psychedelics to treat other mental health conditions, the integration plans for Braxia and KetaMD, the intention to conduct further clinical trials, the expected growth of at-home telemedicine, the expected benefit and synergies of the Transaction, the issuance of Earnout Shares, the expectation to expand to areas other than Florida, and expected changes to the board of Braxia. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events, or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others, the failure of ketamine, psilocybin and other psychedelics to provide the expected health benefits and unanticipated side effects, dependence on obtaining and maintaining regulatory approvals, including acquiring and renewing federal, provincial, municipal, local or other licenses and engaging in activities that could be later determined to be illegal under domestic or international laws. Ketamine and psilocybin are currently Schedule I and Schedule III controlled substances, respectively, under the Controlled Drugs and Substances Act, S.C. 1996, c. 19 (the "CDSA") and it is a criminal offence to possess such substances under the CDSA without a prescription or a legal exemption. Health Canada has not approved psilocybin as a drug for any indication, however ketamine is a legally permissible medication for the treatment of certain psychological conditions. It is illegal to possess such substances in Canada without a prescription. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements.
Although the Company has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, including the Amended and Restated Listing Statement dated April 15, 2021 and its most recent MD&A, which are available at www.sedar.com. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements.
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SOURCE Braxia Scientific Corp. | https://www.mysuncoast.com/prnewswire/2022/08/03/braxia-scientific-enters-us-telemedicine-industry-acquires-ketamd-mental-health-platform-providing-beneficial-ketamine-treatments-florida-with-plans-expand-across-us/ | 2022-08-03T11:36:34Z |
Scientists are hopeful that the key to reviving red wolves, which are on the brink of extinction, may lie in the genes of coyotes that have significant red wolf ancestry.
Red wolves once lived throughout the southeastern United States but were declared extinct in the wild in 1980. Today, thanks to the work of conservationists, there are around 20 red wolves in the wild in North Carolina, re-released from the captive populations, and 240 in American zoos and sanctuaries.
Bridgett vonHoldt, a biologist at Princeton University, had heard stories from observers in Texas and Louisiana who noticed that the coyotes in their areas were "different" -- larger and more visually similar to red wolves than a typical coyote. Genetic research published in Science Advances by vonHoldt and her team on June 29 found that many of those coyotes had significant red wolf ancestry, a result of interbreeding between red wolves and coyotes.
"Even though the red wolves went extinct, or so we're told, those genes likely survived in these coyotes that carry that legacy with them," explained Vonholdt to CNN. These "ghost genes" might play a crucial role in preserving the red wolf population.
The research focuses on a population of coyotes in southwestern Louisiana, close to where the last surviving red wolves were identified and moved into captivity in the 1970s.
The team took samples from around 30 coyotes in Louisiana and analyzed their genetics for similarity to red wolves. The "range of red wolf ancestry is anywhere from 30 to 70%," vonHoldt said.
The discovery raises significant questions for conservation policy. Coyotes, far from being endangered, are abundant throughout many parts of North America and are legal to hunt in the United States. But red wolves are protected by the U.S. Fish and Wildlife Service. Decades of interbreeding have made it difficult to delineate clearly between the two species, as vonHoldt's genetic analysis of the southwestern Louisiana coyotes demonstrates.
"Most people will likely ask: If something has 70% red wolf genetics, is that a red wolf?" said vonHoldt. "I don't have an answer for them. It's a federal designation."
But "if an animal truly does carry 70% of the genes of an endangered animal, it's an endangered animal," she continued. "We would probably benefit from protecting that animal."
"We have to work on what our definition is, where we draw those lines -- it's not easy," she said.
"Coyotes are not an endangered species, but now if we suspect they're carrying a lot of endangered genetics as a legacy, that could be useful to preserve red wolves," vonHoldt added.
Because the population of red wolves is so small, they have faced a genetic bottleneck, vonHoldt told CNN. "The captive red wolf program struggles with a highly related population," she said. "We want to avoid inbreeding, but there's a finite number of animals."
Introducing the "valuable genetic material" from the Louisiana coyotes could boost the "genetic health" of the red wolf population, said vonHoldt. This could be done by releasing red wolves from the captive breeding program into southwestern Louisiana, where they would likely seek out coyotes with significant red wolf ancestry to mate with.
VonHoldt notes that these more experimental conservation tactics require authorities to recognize the "gray area" created by red wolf-coyote interbreeding.
VonHoldt and her team hope to introduce a more comprehensive survey of coyotes in southwestern Louisiana. Rather than trapping and collaring red wolves, they could use scat samples to produce estimates of which areas in Louisiana have coyotes with the highest percentage of red wolf ancestry. This data could be used to secure protections for coyotes in designated areas.
And they plan to monitor the group of coyotes they trapped and collared in Louisiana, seeking to understand whether their behavior is closer to that of coyotes or that of red wolves.
"Even though these animals genetically, in my opinion, seem to be very important, we don't know much else about them," vonHoldt said. "This is our second year doing the study, so we plan to start looking at every aspect of their lives, which goes from spatial landscape use, what they're doing, what they're eating, how big their territory is, how they use the landscape."
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/ghost-genes-from-coyotes-could-help-save-critically-endangered-red-wolves-study-says/article_c4582c50-b4d2-58c8-b7ab-4a8c52e3ee43.html | 2022-07-02T18:53:31Z |
LONDON (AP) — Europe has moved to lead the world in regulating the freewheeling cryptocurrency industry at a time when prices have plunged, wiping out fortunes, fueling skepticism and sparking calls for tighter scrutiny.
European Union negotiators hammered out the final details for a provisional agreement late Thursday on a sweeping package of crypto regulations for the bloc’s 27 nations, known as Markets in Crypto Assets, or MiCA.
“In the Wild West of the crypto-world, MiCA will be a global standard setter,” the lead EU lawmaker negotiating the rules, Stefan Berger, said in a news release. The EU’s crypto rules “will ensure a harmonized market, provide legal certainty for crypto-asset issuers, guarantee a level playing field for service providers and ensure high standards for consumer protection.”
Like the EU’s trendsetting data privacy policy, which became the de facto global standard, and its recent landmark law targeting harmful content on digital platforms, the crypto regulations are expected to be highly influential worldwide.
The EU rules are “really the first comprehensive piece of crypto regulation in the world,” said Patrick Hansen, crypto venture adviser at Presight Capital, a venture capital fund.
“I think there will be a lot of jurisdictions that will look closely into how the EU has dealt with it since the EU is first here,” Hansen said.
He expected authorities in other places, especially smaller countries that don’t have the resources to draw up their own rules from scratch, to adopt ones similar to the EU’s, though “they might change a few details.”
Under the Markets in Crypto Assets regulations, exchanges, brokers and other crypto companies face strict rules aimed at protecting consumers.
Companies issuing or trading crypto assets such as stablecoins — which are usually tied to the dollar or a commodity like gold that make them less volatile than normal cryptocurrencies — face tough transparency requirements requiring them to provide detailed information on the risks, costs and charges that consumers face.
The rules will help novice crypto investors avoid falling victim to frauds and scams that regulators have warned are widespread in the industry.
“That’s a huge benefit in this space, especially for someone who has absolutely no idea where to go to or who to seek out or where to put my money into,” said Jackson Mueller, director of policy and government affairs at Securrency, a blockchain infrastructure company.
Providers of bitcoin-related services would fall under the regulations, but not bitcoin itself, the world’s most popular cryptocurrency that has lost more than 70% of its value from its November peak.
To address concerns about the carbon footprint left by bitcoin mining, which guzzles massive amounts of electricity for “proof of work” computer processing to record and secure transactions, crypto companies will have to disclose their energy use and prominently display information online about their environmental and climate impact.
Negotiators exempted NFTs, or non-fungible tokens, which have boomed over the past year. The EU said that unlike cryptocurrencies, the digital assets, which can represent artwork, sports memorabilia or anything else that can be digitized, are unique and sold at a fixed price. But it left room to reclassify them later as a crypto asset under MiCA or as a financial instrument.
The European rules are aimed at maintaining financial stability — a growing concern for regulators amid a string of recent crypto-related crashes. For example, the stablecoin TerraUSD imploded last month, erasing an estimated $40 billion in investor funds with little or no accountability.
The meltdowns have spurred calls for regulation, with other major jurisdictions still drawing up their strategies. In the U.S., President Joe Biden issued an executive order in March on government oversight of cryptocurrency, including studying the impact on financial stability and national security.
Last month, California became the first state to formally begin examining how to broadly adapt to cryptocurrency, with plans to work with the federal government on crafting regulations.
The U.K. also has unveiled plans to regulate some cryptocurrencies.
A few European countries, like Germany, already have basic crypto regulations. One of the EU’s goals is bringing rules in line across the bloc, so that a crypto company licensed in one country would be able to offer services in other member states.
The EU rules, which would still need final approval and are expected to take effect by 2024, include measures to prevent market manipulation, money laundering, terrorist financing and other criminal activities.
The EU also provisionally agreed Wednesday on new rules subjecting cryptocurrency transfers to the same money-laundering rules as traditional banking transfers.
When a crypto asset changes hands, information on both the source and the beneficiary would have to be stored on both sides of the transfer, according to the new rules. Crypto companies would have to hand this information over to authorities investigating criminal activity such as money laundering or terrorist financing.
The EU institutions are working out the technical details before the crypto tracing rules receive final approval.
___
Follow Kelvin Chan on Twitter at https://www.twitter.com/chanman. | https://cw33.com/technology/ap-technology/european-union-inks-deal-on-crypto-transfer-tracing-rules/ | 2022-07-01T00:26:31Z |
NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR FOR DISSEMINATION IN THE UNITED STATES
CENTENNIAL, Colo., June 30, 2022 /PRNewswire/ -- NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB) (OTCQX: NIOBF) is pleased to announce that it has closed its previously announced non-brokered private placement (the "Private Placement") of units (the "Units") of the Company. A total up-sized offering of 4,981,035 Units were issued at a price per Unit of C$0.96, for total gross proceeds to the Company of approximately C$4.8 million.
Pricing of the Units was set at a premium to the five-day Volume Weighted Average Price ("VWAP") of NioCorp common shares just prior to the launch of the offering on June 13, 2022. The initial offering announcement on June 13, 2022, was for up to 4,519,481 Units, for gross proceeds of up to approximately C$4.35 million.
Each Unit consists of one common share of NioCorp (each, a "Common Share") and one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire one Common Share at a price of C$1.10 at any time prior to July 1, 2024.
Proceeds of the private placement will be used for continued advancement of the Company's Elk Creek Critical Minerals Project and for working capital and general corporate purposes.
The Company paid cash commissions of C$62,496 and 65,100 finder warrants to finders outside of the United States. The cash commission and finder warrants were each equivalent to three (3) percent of the Units raised by each finder. Each finder warrant entitles the holder thereof to purchase one Common Share at a price of C$1.10 at any time prior to July 1, 2024.
All of the securities sold pursuant to the offering are subject to a four-month hold period, which will expire on November 1, 2022.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
For More Information:
Contact Jim Sims, Corporate Communications Officer, NioCorp Developments Ltd., 720-639-4650, jim.sims@niocorp.com
@NioCorp $NB.TO $NIOBF $BR3 #Niobium #Scandium #ElkCreek
About NioCorp
NioCorp is developing a critical minerals project in Southeast Nebraska that will produce niobium, scandium, and itanium. The Company also is evaluating the potential to produce several rare earths from the Project. Niobium is used to produce specialty alloys as well as High Strength, Low Alloy ("HSLA") steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium is a specialty metal that can be combined with Aluminum to make alloys with increased strength and improved corrosion resistance. Scandium is also a critical component of advanced solid oxide fuel cells. Titanium is used in various lightweight alloys and is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor, and medical implants. Magnetic rare earths, such as neodymium, praseodymium, terbium, and dysprosium are critical to the making of Neodymium-Iron-Boron ("NdFeB") magnets, which are used across a wide variety of defense and civilian applications.
Cautionary Note Regarding Forward-Looking Statements
Neither the Toronto Stock Exchange ("TSX") nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this document. Certain statements contained in this document may constitute forward-looking statements, including but not limited to statements related to the anticipated use of proceeds from the private placement. Such forward-looking statements are based upon NioCorp's reasonable expectations and business plan at the date hereof, which are subject to change depending on economic, political and competitive circumstances and contingencies. Readers are cautioned that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause a change in such assumptions and the actual outcomes and estimates to be materially different from those estimated or anticipated future results, achievements or position expressed or implied by those forward-looking statements. Risks, uncertainties and other factors that could cause NioCorp's plans or prospects to change include risks related to NioCorp's ability to operate as a going concern; risks related to NioCorp's requirement of significant additional capital; changes in demand for and price of commodities (such as fuel and electricity) and currencies; changes or disruptions in the securities markets; legislative, political or economic developments; the need to obtain permits and comply with laws and regulations and other regulatory requirements; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of NioCorp's projects; risks of accidents, equipment breakdowns and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining or development activities; the speculative nature of mineral exploration and development, including the risks of diminishing quantities of grades of reserves and resources; the risks involved in the exploration, development and mining business, and the risks set forth in the Company's filings with the SEC at www.sec.gov. NioCorp disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
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SOURCE NioCorp Developments Ltd. | https://www.mysuncoast.com/prnewswire/2022/06/30/niocorp-announces-closing-up-sized-private-placement-gross-proceeds-c48-million/ | 2022-06-30T22:10:11Z |
NEW YORK, June 14, 2022 /PRNewswire/ -- Blis, the audience-first platform that doesn't rely on personal data, today announced the launch of its new e-guide, titled 'Missing something? Finding the audiences no one is talking about…yet'. The new interactive e-guide was launched to help marketers understand the real impact of ID-reliant solutions on addressable audiences and the virtues of privacy-first solutions that don't rely on IDs to achieve accuracy at scale.
Changes to IDFAs and cookies have fundamentally impacted the ad ecosystem, from planning to targeting and measuring campaigns. The new e-guide looks at data from the United States, UK, Europe, Australia and New Zealand to demonstrate that almost half of the digital addressable audiences on mobile – and nearly half on desktop – are being missed due to IDs.
To enable marketers to uncover the people behind these percentages, Blis also launched its new interactive calculator showing which lifestyle audiences are being impacted the most by this drastic audience deprecation, covering 10 lifestyle audiences from travelers to fashionistas.
From questioning the sustainability of the solutions to understanding different technologies' limitations, the guide highlights three top tips for marketers to consider when choosing their advertising partners. Blis hopes the e-guide will help brands and agencies better understand how to embrace the privacy-first reality and adjust expectations and methods of targeting, to find and reach their missing audiences.
"There's still this belief that brands are achieving the right audience at scale – and that that will only change once the Chrome deprecation comes into force," said Aaron McKee, CTO at Blis. "But the current reality is much more troubling, as advertisers that still rely on IDs are already missing out on almost half of their audiences. This is happening right now, in front of our eyes and marketers need to have the right questions in mind when choosing their advertising partners. Today, not tomorrow. If your partners tell you they're still reaching your precise audiences at scale with ID-only or cookie-led solutions, you'll see that the numbers in our 'missing audience calculator' tell a different story".
The e-guide is available for download and reinforces Blis' commitment to audience-first targeting at scale that doesn't rely on personal data. Blis' approach is based on accurate, consented location data, combined with a range of rich online datasets giving clients the deepest audience understanding available.
About Blis
Blis is the audience-first platform that doesn't rely on personal data. We're an integrated planning and buying platform that delivers scaled, relevant and high-performing audiences, helping the world's largest brands and media agencies achieve their goals.
Over the past 18 years, Blis has built its reputation on delivering award-winning location-powered advertising solutions. In today's consumer-centric landscape, Blis is transforming the role of location data by combining it with a broad range of rich and powerful datasets to give our clients the deepest audience understanding available. Our unique approach to integrated planning and buying provides personalized targeting and performance without reliance on personal data. We serve relevant ads to the highest-value addressable audiences across any channel and deliver our clients' campaign outcomes every time, from brand awareness and engagement through to store/site visits and sales.
Established in the UK in 2004, Blis now operates in more than 40 offices across five continents. Working with the world's largest and most customer-driven companies across all verticals including Unilever, Samsung, McDonald's, HSBC, Mercedes Benz and Peugeot, as well as every major media agency.
To learn more, visit blis.com.
Logo - https://mma.prnewswire.com/media/1501097/Blis_Logo.jpg
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SOURCE Blis | https://www.kxii.com/prnewswire/2022/06/14/blis-launches-new-e-guide-interactive-calculator-revealing-that-almost-50-digital-audiences-are-being-missed/ | 2022-06-14T17:21:37Z |
Burglar leaves empty-handed after breaking in while tenant was home
Published: Aug. 16, 2022 at 6:51 AM CDT|Updated: 1 hour ago
MANHATTAN, Kan. (WIBW) - A would-be burglar left a Manhattan apartment empty-handed after he broke in while the tenant was home.
The Riley Co. Police Department activity report indicates that around 12:15 a.m. on Sunday, Aug. 14, officers were called to the 300 block of Eighth St. in Ogden with reports of aggravated burglary and criminal trespassing.
When officers arrived, they said a 22-year-old woman reported a 36-year-old man entered her home while she was there, however, nothing was taken.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/08/16/burglar-leaves-empty-handed-after-breaking-while-tenant-was-home/ | 2022-08-16T13:02:49Z |
NEW YORK, July 18, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CCL, EDU, EVFM, LI, and EVTL.
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
- CCL: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=CCL&prnumber=071820225
- EDU: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=EDU&prnumber=071820225
- EVFM: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=EVFM&prnumber=071820225
- LI: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=LI&prnumber=071820225
- EVTL: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=EVTL&prnumber=071820225
(Note: You may have to copy this link into your browser then press the [ENTER] key.)
InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.
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SOURCE InvestorsObserver | https://www.kxii.com/prnewswire/2022/07/18/thinking-about-buying-stock-carnival-corp-new-oriental-education-evofem-biosciences-li-auto-or-vertical-aerospace/ | 2022-07-18T16:25:46Z |
NEW YORK, Aug. 23, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Kiromic BioPharma, Inc. (NASDAQ: KRBP) alleging that the Company violated federal securities laws.
This lawsuit is on behalf of a class consisting of persons and entities that purchased or otherwise acquired: (a) Kiromic common stock issued in connection with the Company's public offering that closed on July 2, 2021 and/or (b) Kiromic common stock between June 25, 2021 and August 13, 2021, both dates inclusive.
Lead Plaintiff Deadline: October 4, 2022
No obligation or cost to you.
Learn more about your recoverable losses in KRBP:
https://www.kleinstocklaw.com/pslra-1/kiromic-biopharma-inc-loss-submission-form?id=31047&from=4
Kiromic BioPharma, Inc. NEWS - KRBP NEWS
CLASS ACTION CASE DETAILS: The complaint alleges that the registration statement and prospectus issued in connection with the Company's public offering that closed on July 2, 2021 (the "Offering Documents") failed to disclose that the Food and Drug Administration ("FDA") had, prior to the filing of these documents, imposed a clinical hold on the Company's Investigational New Drug ("IND") applications for its two new drug candidates. Given that the offering closed on July 2, 2021, more than thirty (30) days after the Company submitted the IND applications for its two immunotherapy product candidates, investors were assured that no clinical hold had been issued and clinical trials would commence.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Kiromic you have until October 4, 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 Kiromic 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 KRBP lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/kiromic-biopharma-inc-loss-submission-form?id=31047&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/2022/08/23/krbp-alert-klein-law-firm-announces-lead-plaintiff-deadline-october-4-2022-class-action-filed-behalf-kiromic-biopharma-inc-shareholders/ | 2022-08-23T10:31:52Z |
Celiac support group to meet
The Repository
JACKSON TWP. – The Stark County Celiac Support Group will meet at 6:30 p.m. Thursday at Church of the Lakes, 5944 Fulton Drive NW.
Gluten-free summer foods with a "ballpark" theme will be served.
The public is invited, but reservations are required. To make a reservation or to learn more about celiac disease, contact Charwoman Sue Sandy at 330-837-3359 or email suesandy1@aol.com. | https://www.cantonrep.com/story/news/2022/05/31/stark-county-celiac-support-group-meet/9960770002/ | 2022-05-31T19:12:24Z |
CANNES, France (AP) — Baz Luhrmann’s “Elvis” brought hip-shaking swagger to the Cannes Film Festival on Wednesday, debuting a grand and glitzy portrait of the Memphis rock ‘n’ roll legend on the French Riviera.
Luhrmann’s film, the largest and flashiest Hollywood film making its world premiere in Cannes, brought Tom Hanks and Austin Butler, who plays Presley, to Cannes’ famed red carpet. Joining them, too, was Priscilla Presley, Presley’s ex-wife, who has enthusiastically endorsed Luhrmann’s movie.
At a festival seeking to shrug off two years of pandemic, expectations were high that Luhrmann, who also premiered “The Great Gatsby” in Cannes, would bring Cannes’ biggest and most extravagant party.
“Elvis,” though, isn’t just a big-screen tribute to Presley. It centers on the singer’s long and tortured relationship with manager Tom Parker (played by Hanks), a former carnival worker whose control over Presley was widely criticized as unethical and harmful to Presley.
Warner Bros. will release “Elvis” in theaters on June 24. | https://cw33.com/entertainment-news/ap-entertainment/elvis-makes-a-splash-at-cannes-film-festival-premiere/ | 2022-05-26T01:52:35Z |
CHICAGO (WFLA) – Fans of the Velveeta processed cheese product may be excited to learn that they can make their own alcoholic beverage infused with it. Others, however, are not convinced by the cheesy goodness.
The Velveeta martini, or “Veltini” for short, will be available at BLT restaurants in New York, Washington DC, Charlotte, New York and Chicago. For those who can’t make it to a restaurant, the company is offering “Veltini kits” to make the drink at home.
The kit costs $50 and comes with two martini glasses, a gold cocktail shaker, two coasters, a jar of olives, cocktail picks, a box of Velveeta Jumbo Shells & Cheese, Velveeta cheese sauce to infuse the vodka and rim glasses, a Velveeta brick to stuff the olives and a recipe card to help you put it all together.
Not everyone is looking forward to living “La Dolce Velveeta”, described in the company’s press release as “stepping out in a confident, unapologetic way to show the world that you’re living a life filled with outrageous pleasure”.
One Twitter user described the drink as “a liquid mac & cheese martini that screams, ‘I give up—but make it classy’.”
A WRIC news anchor wretched while reading the announcement on air on Wednesday morning and called the drink “a travesty”.
“Creative? Yes. Would I try it? Immediately no,” another anchor said. A third anchor, however, said she would risk a mild allergic reaction to vodka and try the drink anyway.
If you’re considering travelling to a BLT restaurant for the full Veltini experience, the $15 drink will only be available during “golden hour”, 5 p.m. to 8 p.m, and for a limited time only. | https://cw33.com/news/velveeta-martini-announcement-draws-mixed-reaction-on-social-media/ | 2022-07-21T15:48:03Z |
Adebayo, Butler lead Heat past 76ers 119-103 in Game 2
By TIM REYNOLDS
AP Basketball Writer
MIAMI (AP) — Bam Adebayo caught a lob for an alley-oop dunk midway through the fourth quarter, then threw a lob to Jimmy Butler for another dunk about a minute later.
Both were very easy.
Joel Embiid could complicate those plays going forward — and the Miami Heat are heading north expecting that he might be waiting for them.
Adebayo scored 23 points, Butler had 22 points and 12 assists, and the Heat beat the Philadelphia 76ers 119-103 on Wednesday night for a 2-0 lead in the Eastern Conference semifinals.
“It’s always nice to win,” Butler said. “We just did what we’re supposed to do at home.”
Victor Oladipo scored 19 points on his 30th birthday and Tyler Herro added 18 for the Heat, the East’s No. 1 seed. Oladipo had 10 of those points in the fourth quarter.
Tyrese Maxey scored 34 points for Philadelphia, which got 21 from Tobias Harris and 20 from James Harden.
“We’ve just got to go back to the drawing board and try to figure it out,” Maxey said.
A 10-0 run in the fourth turned an eight-point Miami lead into an 18-point edge, sealing the win and ensuring the Heat would hold home court before the series shifts north. Game 3 is Friday in Philadelphia.
And now, the Heat will hope history holds — and the 76ers will hope it doesn’t.
Miami has taken a 2-0 lead in 18 previous series, including the first round this season against Atlanta, and won the matchup every time. The 76ers’ franchise has dropped the first two games of a matchup on 19 other occasions, never recovering to win the series.
The question going into Friday will revolve around whether Embiid could be ready for Game 3. The league’s scoring champion and MVP finalist is recovering from an orbital fracture and concussion and has, not surprisingly, been big-time missed by the 76ers.
“We don’t have a big man right now,” Philadelphia coach Doc Rivers lamented.
Adebayo surely isn’t complaining. He was 8 for 10 from the field and 8 for 8 from the line in Game 1; he followed that up with a 7-for-11 night from the floor on Wednesday.
But he said he’s preparing as if Embiid will play Friday. And Butler, who is close with Embiid from their time together as teammates in Philadelphia, is hoping his MVP pick can play in the series.
“I want to compete against him,” Butler said. “I really do.”
Rivers, however, didn’t sound optimistic about the possibility of Embiid being ready.
“He’s got so many steps to go through,” Rivers said. “I don’t think he’s cleared any of them right now.”
It wasn’t just the absence of Embiid, though, that hurt Philadelphia. The 76ers were awful again from 3-point range, shooting 8 for 30 in Game 2. They’re now 14 for 64 from deep in the series.
“When it comes down to it, you’ve got to make shots, especially when you’re on the road against a really good team,” Harden said. “It’s pretty simple.”
Danny Green was 1 for 10 from the field — the second time in his playoff career that he had that many attempts and shot that poorly in a postseason game. The other? A 1-for-12 effort for San Antonio in 2013, also in Miami, the night the Heat won their third and most recent NBA title.
The Heat aren’t close to that yet. But they are two wins from the East finals.
“It’s not easy to get playoff wins.” Heat coach Erik Spoelstra said. “We had some great stretches, particularly defensively. We had some really good stretches offensively. … Our defense really carried us to the win, but we had some really timely offensive plays.”
TIP-INS
76ers: Harden got fouled on a 3-point try with 0.1 seconds left in the half, making all three free throws to get Philadelphia within 60-52 at the break. … Maxey got a cut on his right knee in the fourth quarter, the game stopping temporarily while the 76ers tended to him. He stayed in the game. … Georges Niang had another unusual stat line. He was 0 for 7 — all 3-pointers — in Game 1, then fouled out in 10 minutes of Game 2. It was the fourth-fewest minutes played all season by anyone who fouled out.
Heat: PJ Tucker turns 37 on Thursday. … It was the 497th consecutive sellout announced by the Heat, tying Sacramento for the fifth-longest streak in NBA history. The record is held by Dallas, which has 864 consecutive sellouts and counting. … Miami held a 44-34 rebounding edge.
PASSING PAT
With the win, Spoelstra’s postseason record improved to 91-59 (.607). Among coaches with at least 100 playoff games, he moved into fourth on the NBA’s win-percentage list behind only Steve Kerr (.732), Phil Jackson (.688) and Billy Cunningham (.629). The coach Spoelstra passed in winning percentage Wednesday night? That would be his boss, Heat President Pat Riley, who went 171-111 (.606).
KENTUCKY SOUTH
The Kentucky ties ran deep Wednesday night. Wildcats coach John Calipari was at Game 2 to see Herro formally receive the Sixth Man award. Other former Kentucky players on the Heat and 76ers: Adebayo, Maxey and Heat two-way player Mychal Mulder. And Riley played at Kentucky.
UP NEXT
Game 3 is Friday in Philadelphia.
___
More AP NBA: https://apnews.com/hub/NBA and https://twitter.com/AP_Sports | https://localnews8.com/sports/ap-national-sports/2022/05/04/adebayo-butler-lead-heat-past-76ers-119-103-in-game-2/ | 2022-05-05T04:44:50Z |
NEW YORK, June 6, 2022 /PRNewswire/ -- United Spinal Association will bring over 100 wheelchair users to Washington, DC for the 10th annual Roll on Capitol Hill (ROCH) event on June 12th to 15th to meet with their Congressional representatives on key issues affecting the spinal cord injury and disorder (SCI/D) community.
ROCH is United Spinal's annual flagship advocacy event, gathering the organization's members and supporters to encourage elected officials to support policy initiatives that empower and promote the independence and quality of life of people with disabilities.
The event draws on the voices of grassroots disability rights advocates from around the country and their experiences on the local level fighting for civil rights, accessibility, social supports, and inclusion.
"The disability rights movement is as old as the modern age, and still we fight. New advancements in society that benefit the majority often spur new inequities for people with disabilities. We've won major victories in navigating our cities' buildings and transit systems—now it's time to finish the project of full equality. Roll on Capitol Hill plays a significant role in reminding us of all of the work that we have to do—and it shows how powerful our community is when it's united," said Vincenzo Piscopo, president & CEO of United Spinal Association.
This year's event will be hybrid, marking a return to face-to-face Capitol Hill visits since the advent of the COVID-19 pandemic, with a virtual option available for attendees who are unable to travel to Washington.
ROCH will focus on the following issues:
- Supporting more robust SCI Model Systems funding to ensure that newly-injured individuals receive necessary healthcare and services
- Ensuring passage of the Air Carrier Access Amendments Act and advocating for other protections for travelers with disabilities
- Emphasizing the importance of personal care services to pursuing economic independence and mobility
- Advocating for Department of Veterans Affairs funding for automobile grants for disabled veterans that are necessary for community living
- Seeking action on outdated and restrictive federal regulations that prevent all wheelchair users from having access to the wheelchair that's right for them
On the evening of June 14th, ROCH will culminate in a Congressional Reception that will honor and celebrate Congressional leaders and core United Spinal advocates for their achievements in disability rights.
Congressman Robert C. Bobby Scott will receive the Outstanding Congressional Leadership Award for his leadership in introducing the Transformation to Competitive Integrated Employment Act (TCIEA), which prohibits wage discrimination against people with disabilities and provides for services and supports for people with disabilities who are employed in integrated work environments.
The first quadriplegic to serve in the US House of Representatives, Congressman James Langevin, will receive the Congressional Lifetime Achievement Award, for his decades of service to the disability community, including his work on the ADA Amendments Act and the Affordable Care Act.
The Roll on Capitol Hill 2022 Advocate of the Year Award will go to Richard Bagby, who is the Director of United Spinal Association of Virginia. In particular, United Spinal is recognizing Bagby's local advocacy around complex rehab technology (CRT) and opposing physician-assisted suicide, as well his role in establishing the Sheltering Arms Institute in Richmond, VA in 2020, a world-class rehabilitation hospital and research center which became a Spinal Cord Injury Model System not long after opening.
United Spinal will also recognize ROCH sponsors and allies who have provided invaluable support in promoting its mission and advocacy efforts.
For more information about Roll on Capitol Hill, visit https://unitedspinal.org/roll-on-capitol-hill/.
Formed in 1946 by paralyzed veterans, United Spinal is a national 501(c)(3) nonprofit membership organization dedicated to empowering people with spinal cord injuries and disorders (SCI/D), including veterans, to live successful and fulfilling lives. Membership is free and open to all individuals with SCI/D, with over 53,000 members across 48 chapters nationwide. Known for its revolutionary advocacy efforts, United Spinal played a significant role in writing the Americans with Disabilities Act, provided important contributions to the Fair Housing Amendments Act and the Air Carrier Access Act, and was instrumental in attaining sidewalk curb ramps and accessible public transportation in New York City, which created the standard accessibility model used in many United States cities.
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SOURCE United Spinal Association | https://www.mysuncoast.com/prnewswire/2022/06/06/united-spinal-advance-disability-rights-access-inclusion-10th-annual-roll-capitol-hill/ | 2022-06-06T18:49:30Z |
New Media Website Brings Grooms-to-Be Wedding Tips and Insight in Category Currently Occupied by Bridal and Female-Focused Resources
CHICAGO, June 16, 2022 /PRNewswire/ -- The Groom Club (TGC), a new online source for the groom-to-be has announced its launch today. The new media website provides content for the soon-to-be married male and his best man filling a gap that has predominantly been occupied by bridal and female-focused outlets. The new website features tips, insight and ideas for grooms on all aspects of engagements, wedding planning, and ceremonies to help men throughout their wedding journey.
"Wedding resources and content have not typically been focused on grooms and their unique needs, leaving many to struggle with the engagement and wedding process," said TGC managing editor Dustin Sitar. "TGC fills a need and demand and helps male fiancés enjoy and participate in tying the knot in a modern and inviting way."
In addition to serving grooms with original wedding content, TGC also provides aggregated insight and information curated specifically to support the engaged man through the engagement and wedding process. From bachelor party planning and wedding traditions, to costs and guest etiquette, TGC is an accessible, inclusive and informative community to help grooms feel more confident and supported through the planning and processes relevant to them.
"Planning a wedding can be very stressful and confusing for couples, and the groom's role is often overlooked and underserved by traditional wedding media," added Sitar. "This new resource is created specifically for grooms, and to help make their wedding experiences as fun and enjoyable as possible."
For more information about The Groom Club or to browse its wedding content for grooms, visit TheGroomClub.com.
The Groom Club (TGC) provides the engaged man with content that supports him on the road to his wedding. From bachelor party planning, to wedding traditions, from paying for the wedding to guest etiquette, The Groom Club is an accessible, inclusive, and informative community for all men to make their lives easier on their wedding journey. For more information, visit TheGroomClub.com.
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SOURCE The Groom Club | https://www.mysuncoast.com/prnewswire/2022/06/16/groom-club-launches-fills-niche-gap-online-wedding-publishing/ | 2022-06-16T14:16:09Z |
RIO DE JANEIRO (AP) — An American tourist died in Rio de Janeiro on Friday, three days after he was shot during a confrontation between local drug dealers and vigilantes.
The U.S Consulate in Rio and hospital Samaritano Botafogo confirmed Trey Barber’s death in separate statements. The consulate did not offer more details due to family privacy issues.
Barber was initially identified by police and the hospital as 28-year-old Joseph Trey Thomas. He was shot in the neck in an apartment in Northern Rio.
Police said Barber was visiting a friend when he was shot. Brazilian media reported he was in Rio on vacation since July and taught Portuguese language classes in Los Angeles.
Local police also found another dead man after the same shootout.
According to Instituto Fogo Cruzado, which counts shootings in several Brazilian cities, 116 people were shot in Rio’s metropolitan area in 2021. Twenty four of them died. | https://cw33.com/news/u-s-news/ap-us-headlines/american-tourist-dies-in-rio-after-being-hit-by-stray-bullet/ | 2022-08-12T18:37:24Z |
DALLAS (ABC4) – If you’re tired of looking at old furniture that you bought last year from IKEA, the retailer has announced that it will now pay customers to bring back old furniture.
The IKEA buyback and resell option has now been made available for 37 of its U.S. stores. As a way to help pave a path toward sustainable living, the company has brought back the initiative that was launched late last year.
How does it work?
You start by filling out a form on IKEA’s website in order to receive an emailed quote of the buyback value for your furniture. Customers are asked to bring a copy of their quote, buyback number, and fully assembled furniture to your participating IKEA store where an employee will assess the furniture’s buyback value.
When you buyback, you will get store credit and your furniture gets a second life in the As-Is department.
What are the buyback requirements?
According to IKEA, the following categories of products are not currently eligible for the furniture buy-back service:
- Non-IKEA products
- Home furnishing accessories including lighting and textiles
- Add-on units and componentry
- Products that have been used outside including outdoor furniture
- Mattresses and bad textiles (such as blankets and mattress toppers)
- Kitchens including bench tops, cabinets, and fronts
- Modular wardrobes and accessories
- Electrical appliances and products
- Chests of drawers
- “Hacked,” modified or painted products
- Non-assembled products
- Market Hall products (including small kitchen goods, art, rugs, and picture frames)
- Upholstered or leather products
- Sofas or armchairs
- Plants
- Items containing glass (including mirrors)
- Children’s and baby products (such as cribs, mattresses, and change tables)
- Beds and bed frames
The retailer said on its website that large quantities and commercially used items are exempt. | https://cw33.com/news/frisco-grand-prairie-ikea-stores-will-pay-you-to-return-old-furniture-at-select-stores/ | 2022-04-01T18:17:07Z |
NEW YORK, Sept. 12, 2022 /PRNewswire/ -- Catalyst Pharmaceuticals Inc. (NASD: CPRX) will replace Mantech International Corp. (NASD: MANT) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, September 15. The Carlyle Group Inc. (NASD: CG) is acquiring ManTech International in a transaction expected to be completed soon pending final conditions.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
For more information about S&P Dow Jones Indices, please visit www.spdji.com
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S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
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SOURCE S&P Dow Jones Indices | https://www.kxii.com/prnewswire/2022/09/12/catalyst-pharmaceuticals-set-join-sampp-smallcap-600/ | 2022-09-13T00:24:06Z |
JOHANNESBURG (AP) — South Africans are struggling in the dark to cope with increased power cuts that have hit households and businesses across the country.
The rolling power cuts have been experienced for years but this week the country’s state-owned power utility Eskom extended them so that some residents and businesses have gone without power for more than 9 hours a day.
A strike by Eskom workers added to the utility’s woes including breakdowns of its aging coal-fired power plants, insufficient generation capacity and corruption, according to experts.
The prolonged power cuts are hitting South Africans in the winter months of the Southern Hemisphere when many households rely on electricity for heat, light and cooking.
Small and large businesses have had to close down for prolonged periods or spend large amounts for diesel fuel to operate generators. Anger and frustration is widespread among business owners and customers at the power cuts, which Eskom calls load shedding.
The power blackouts are here to stay say experts who warn it will take years to substantially increase South Africa’s capacity to generate power. South Africa mines coal and relies heavily on coal-fired plants, which causes noticeable air pollution. The country is looking to increase power production from solar and other renewable sources.
“The big picture is that we were at least expecting (heavy power cuts) this winter,” said energy expert Hilton Trollip. “Eskom told us at the end of last year that there was a chronic power shortage … What that means is that until we have a substantial amount of extra generation on the grid, we will continue to be at the risk of load shedding at any stage. The question then is how bad will the load shedding be?”
He lamented the impact of the blackouts on the economy.
“The most direct economic consequence is when businesses have to stop production because they don’t have electricity … whether you have a factory, a travel agency or you have a shop,” said Trollip. “Whenever economic activity is disrupted because there is no electricity, that is a direct cost to the economy.”
The power cuts are costing South Africa well over $40 million per day and deterring investment, say economists. South Africa’s economy, Africa’s most developed, is already in recession and is suffering a 35% unemployment rate.
Small businesses in the country’s townships, suburbs and rural areas are among the hardest hit by the effects of the rolling blackouts, said Trollip.
Buhle Ndlovu, a teacher at a nursery school in Soweto, Johannesburg’s largest township, said the power cuts increased her costs to run the school.
“We cater to about 40 children here. We need to feed healthy meals to them daily,” said Ndlovu. “At the rate we charge we can’t afford to take on additional costs to buy gas in order for us to cook. Loadshedding has really made it difficult for us.”
She said it is a challenge to take care of children by candlelight until parents come to pick up their kids well after dark.
Some shops, however, are getting new business from the power cuts, like Uri’s Power Center which is seeing brisk sales of power generators, batteries and other backup systems.
“I think people should definitely look to become less reliant on Eskom. I don’t believe that the power situation is going to resolve itself any time soon,” said owner Adam Zimmerman at his shop in the Randburg area. “We’re all aware of Eskom problems and people have various options whether to invest in a generator to run their business or home.”
On Friday, Eskom chief executive Andre de Ruyter said at a press conference that the crisis was receiving serious attention and that he had personally briefed President Cyril Ramaphosa about what the company is doing to keep the lights on. | https://cw33.com/news/international/ap-international/south-africans-struggle-in-the-dark-to-cope-with-power-cuts/ | 2022-07-02T21:46:49Z |
The Data & Analytics Segment Achieved 26% YOY Revenue Growth during the Quarter
PITTSBURGH, Aug. 3, 2022 /PRNewswire/ --Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, announced today its financial results for the second quarter ending June 30, 2022.
Second Quarter 2022 Financial Highlights:
- The Company delivered consolidated revenues of $62.1 million in the second quarter of 2022, which represented organic growth of 16% over revenues of $53.7 million in the 2021 second quarter;
- The Company's Data and Analytics Services segment reported revenues of $11.3 million, an organic increase of 26% over last year's $9.0 million;
- The IT Staffing segment achieved revenues of $50.9 million and record gross margins of 23.3% during the second quarter 2022. Top-line organic growth totaled 14% compared to the second quarter of 2021;
- GAAP diluted earnings per share was $0.20 in the second quarter of 2022 compared to $0.19 in the second quarter of 2021, after adjusting for a $0.12 benefit due to the 2021 favorable revaluation of a contingent consideration liability; and
- Non-GAAP diluted earnings per share was $0.30 in the second quarter of 2022 compared to $0.29 in the 2021 second quarter.
Second Quarter 2022 Results:
Revenues for the second quarter of 2022 totaled $62.1 million compared to $53.7 million during the corresponding quarter of 2021. Gross profits in the second quarter of 2022 increased by 17% to $16.7 million from $14.3 million in the same quarter of 2021. GAAP net income for the first quarter of 2022 totaled $2.4 million or $0.20 per diluted share, compared to $3.7 million or $0.31 per diluted share during the same period of 2021. As noted above, the Company's second quarter of 2021 included a revaluation of a contingent consideration liability which favorably impacted net income by $1.4 million and earnings per share by $0.12. Non-GAAP net income for the second quarter of 2022 was $3.6 million or $0.30 per diluted share, compared to $3.4 million or $0.29 per diluted share in the second quarter of 2021.
Activity levels at the Company's Data and Analytics Services segment were solid, as revenues expanded by 26% over the second quarter of 2021 and 11% sequentially over the first quarter 2022. Data and Analytics gross margins took a dip during the quarter as the business increased its billable staff by 22% in anticipation of higher revenues during the second half of 2022. Many of these resources were in training programs during Q-2 2022, which impacted utilization. Demand for the Company's IT Staffing Services segment remained elevated during the second quarter, as the segment achieved record revenues and gross margins.
Commenting on second quarter financial results, Vivek Gupta, the Company's President and Chief Executive Officer stated,"Both of our business segments delivered solid double digit year-over-year revenue growth, as well as strong sequential revenue growth during the quarter. While net income was impacted by investments made in the Data and Analytics segment to support future growth and strengthen our cloud services capabilities, I am very pleased with our overall strategic progress during the quarter."
"I'm happy to say that we delivered record revenues in the Data and Analytics segment during the second quarter and we are excited about the future opportunities for this business," said Ganeshan Venkateshwaran, the Chief Executive Officer of the Company's Data and Analytics Services segment.
About Mastech Digital, Inc.:
Mastech Digital (NYSE American: MHH) is a leading provider of Digital Transformation IT Services. The Company offers Data Management and Analytics Solutions, Digital Learning, and IT Staffing Services with a Digital First approach. A minority-owned enterprise, Mastech Digital is headquartered in Pittsburgh, PA with offices across the U.S., Canada, and India.
Use of Non-GAAP Measures:
This press release contains non-GAAP financial measures to supplement our financial results presented on a GAAP basis. The presentation of these financial measures is not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP. Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool. Reconciliations of these non-GAAP measures to their comparable GAAP measures are included in the attached financial tables.
We believe that providing non-GAAP net income and non-GAAP diluted earnings per share offers investors useful supplemental information about the financial performance of our business, enables comparison of financial results between periods where certain items may vary independent of business performance, and allows for greater transparency with respect to key metrics used by management in operating our business. Additionally, management uses these non-GAAP financial measures in evaluating the Company's performance.
Specifically, the non-GAAP financial measures contained herein exclude the following expense items:
Amortization of acquired intangible assets: We amortize intangible assets acquired in connection with our June 2015 acquisition of Hudson IT, our July 2017 acquisition of the services division of InfoTrellis, Inc. and our October 2020 acquisition of AmberLeaf Partners. We exclude these amortization expenses in our non-GAAP financial measures because we believe it allows investors to make more meaningful comparisons between our operating results and those of other companies within our industry and facilitates a helpful comparison of our results with other periods.
Stock-based compensation expenses: We incur material recurring expense related to non-cash, stock-based compensation. We exclude these expenses in our non-GAAP financial measures because we believe that it provides investors with meaningful supplemental information regarding operational performance. In particular, because of varying available valuation methodologies, subjective assumptions and the variety of award types that companies can use under ASC 718, we believe that providing non-GAAP financial measures that exclude these expenses allows investors to make more meaningful comparisons between our operating results and those of other companies within our industry and facilitates comparison of our results with other periods.
Contingent consideration liability revaluation: In connection with the AmberLeaf acquisition, the Company was required to pay future consideration contingent upon the achievement of specific financial objectives. As of the acquisition date, the Company recorded a contingent consideration liability representing the estimated fair value of the contingent consideration that was expected to be paid. In the second quarter of 2021, this contingent consideration liability was reduced by $2.0 million to $900,000, and in the fourth quarter of 2021 the liability was reduced to $0, after the Company determined that relevant conditions for the payment of such liability were unlikely to be satisfied. We believe that providing non-GAAP financial measures that exclude these adjustments to expense are useful for investors to understand the effects of these items on our total operating expenses and facilitate comparison of our results with other periods.
Forward-Looking Statements:
Certain statements contained in this release are forward-looking statements based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements, which include but are not limited to projections of and statements regarding the Company's ability to generate revenues, earnings, and cash flow. These statements are based on information currently available to the Company and it assumes no obligation to update the forward-looking statements as circumstances change. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecasted in forward-looking statements due to a variety of factors, including, without limitation, the level of market demand for the Company's services, the highly competitive market for the types of services offered by the Company, the impact of competitive factors on profit margins, market conditions that could cause the Company's customers to reduce their spending for its services, the Company's ability to create, acquire and build new lines of business, to attract and retain qualified personnel, reduce costs and conserve cash, the extent to which the Company's business is adversely affected by the impacts of the COVID-19 pandemic and governmental responses to limit the further spread of COVID-19 and other risks that are described in more detail in the Company's filings with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2021.
For more information, contact:
Donna Kijowski
Manager, Investor Relations
Mastech Digital, Inc.
888.330.5497
Logo: https://mma.prnewswire.com/media/1039524/Mastech_Digital_Logo.jpg
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SOURCE Mastech Digital, Inc. | https://www.mysuncoast.com/prnewswire/2022/08/03/mastech-digital-reports-16-increase-revenues-second-quarter-2022/ | 2022-08-03T11:41:06Z |
CNN Exclusive: Mark Meadows’ 2,319 text messages reveal Trump’s inner circle communications before and after January 6
By Jamie Gangel, Jeremy Herb and Elizabeth Stuart, CNN
CNN has obtained 2,319 text messages that former President Donald Trump’s White House chief of staff Mark Meadows sent and received between Election Day 2020 and President Joe Biden’s January 20, 2021 inauguration.
The vast trove of texts offers the most revealing picture to date of how Trump’s inner circle, supporters and Republican lawmakers worked behind the scenes to try to overturn the election results and then reacted to the violence that effort unleashed at the US Capitol on January 6, 2021.
The logs, which Meadows selectively provided to the House committee investigating the January 6 attack, show how the former chief of staff was at the nexus of sprawling conspiracy theories baselessly claiming the election had been stolen. They also demonstrate how he played a key role in the attempts to stop Biden’s certification on January 6.
The never-before-seen texts include messages from Trump’s family — daughter Ivanka Trump, son-in-law Jared Kushner and son Donald Trump Jr. — as well as White House and campaign officials, Cabinet members, Republican Party leaders, January 6 rally organizers, Rudy Giuliani, My Pillow CEO Mike Lindell, Sean Hannity and other Fox hosts. There are also text exchanges with more than 40 current and former Republican members of Congress, including Sen. Ted Cruz of Texas and Reps. Jim Jordan of Ohio, Mo Brooks of Alabama and Marjorie Taylor Greene of Georgia.
The texts include everything from plans to fight the election results to surprising and unexpected reactions on January 6 from some of Trump’s staunchest allies. At 2:28 p.m., Greene, the conservative firebrand who had helped to plan the congressional objections that day, texted Meadows with an urgent plea for help as the violence was unfolding at the Capitol.
“Mark I was just told there is an active shooter on the first floor of the Capitol Please tell the President to calm people This isn’t the way to solve anything,” Greene wrote. Meadows does not appear to reply.
More messages flooded in.
“Mark: he needs to stop this, now. Can I do anything to help?” Mick Mulvaney, Trump’s former acting White House chief of staff, texted Meadows.
“It’s really bad up here on the hill. They have breached the Capitol,” Georgia Republican Rep. Barry Loudermilk wrote.
“The president needs to stop this ASAP,” texted GOP Rep. William Timmons of South Carolina.
“POTUS is engaging,” Meadows sent in response to Loudermilk. “We are doing it,” he texted to Timmons.
“Thanks. This doesn’t help our cause,” Loudermilk replied.
Shortly after, Donald Trump Jr. weighed in: “This his(sic) one you go to the mattresses on. They will try to fuck his entire legacy on this if it gets worse.”
“TELL THEM TO GO HOME !!!” texted Trump’s first chief of staff, Reince Priebus.
Heated rhetoric and conspiracy theories
The text messages CNN obtained begin on Election Day, November 3, 2020. Even before the election was called, Meadows was inundated with conspiracy theories about election fraud, strategies to challenge the results and pleas for Trump to keep fighting. The messages — from GOP activists, donors, Republican members of Congress and state party officials — appear to act as an echo chamber affirming Trump’s false claims that the election was stolen. For months leading up to Election Day, Trump had claimed the only way he could lose was if the election was rigged.
Previously disclosed text messages showed that former Trump administration Energy Secretary Rick Perry and Trump’s son, Donald Trump Jr., each texted Meadows on November 4 and 5 with ideas for overturning the election.
On November 7, hours before the election was called, Perry texted Meadows again: “We have the data driven program that can clearly show where the fraud was committed. This is the silver bullet.”
While Perry has previously denied CNN reporting about his text messages to Meadows, CNN has confirmed it’s his cell phone and he signed this text, “Rick Perry,” including his number.
Other texts, however, include hints of doubt expressed by members of Trump’s team and even Meadows himself about the veracity of conspiracy theories being spread by Trump’s “kraken” team — outside attorneys working for Trump that included Giuliani and Sidney Powell.
Some key congressional allies who worked with Trump’s campaign initially in its efforts to overturn the election, such as Sen. Mike Lee of Utah and Rep. Chip Roy of Texas, ultimately soured on the approach as the January 6 congressional certification neared, CNN previously reported.
The texts also show how Trump allies were quick to deflect responsibility for the January 6 attack. Shortly after pro-Trump rioters breached the Capitol, one of his top aides began crafting a counter-narrative.
At 3:45 p.m., Trump campaign spokesman Jason Miller suggested to Meadows and Trump aide Dan Scavino that Trump should tweet: “Call me crazy, but ideas for two tweets from POTUS: 1) Bad apples, likely ANTIFA or other crazed leftists, infiltrated today s peaceful protest over the fraudulent vote count. Violence is never acceptable! MAGA supporters embrace our police and the rule of law and should leave the Capitol now! 2) The fake news media who encouraged this summer s violent and radical riots are now trying to blame peaceful and innocent MAGA supporters for violent actions. This isn’t who we are! Our people should head home and let the criminals suffer the consequences!”
Trump’s allies in Congress appeared to get the message. At 3:52 p.m., Greene told Meadows: “Mark we don’t think these attackers are our people. We think they are Antifa. Dressed like Trump supporters.”
Five minutes later, Rep. Louie Gohmert, a Texas Republican, texted Meadows: “Cap Police told me last night they’d been warned that today there’d be a lot of Antifa dressed in red Trump shirts & hats & would likely get violent.”
In the 16 months since January 6, hundreds of indictments have shown nearly all of those who breached the Capitol were in fact pro-Trump supporters.
While Greene was alarmed on January 6, by the next day she was apologizing that the efforts to block Biden’s certification had failed.
“Yesterday was a terrible day. We tried everything we could in our objection to the 6 states. I’m sorry nothing worked. I don’t think that President Trump caused the attack on the Capitol. It’s not his fault,” she wrote the morning of January 7. “Absolutely no excuse and I fully denounce all of it, but after shut downs all year and a stolen election, people are saying that they have no other choice.”
Meadows replied, “Thanks Marjorie.”
Greene is currently facing a legal challenge to disqualify her from running for Congress because of her alleged role in January 6. In court testimony Friday, the Georgia Republican repeatedly deflected or said she didn’t remember what she had said around the events of January 6. The Meadows text logs offer a new glimpse into what she was telling the White House chief of staff in real time.
On December 31, Greene reached out to Meadows for advice about how to prepare for objections to certifying the election on January 6.
“Good morning Mark, I’m here in DC. We have to get organized for the 6th,” Greene wrote. “I would like to meet with Rudy Giuliani again. We didn’t get to speak with him long. Also anyone who can help. We are getting a lot of members on board. And we need to lay out the best case for each state.”
Meadows does not appear to respond.
By January 17, Greene was suggesting ways to keep Trump in office, telling Meadows there were several Republicans in Congress who still wanted the then-President to declare martial law, which had been raised in a heated Oval Office meeting a month earlier.
Greene texted: “In our private chat with only Members, several are saying the only way to save our Republic is for Trump to call for Marshall (sic) law. I don’t know on those things. I just wanted you to tell him. They stole this election. We all know. They will destroy our country next. Please tell him to declassify as much as possible so we can go after Biden and anyone else!”
Again, Meadows does not appear to respond.
What Meadows turned over
Meadows provided the cache of 2,319 messages to the January 6 committee in December 2021. But soon after, he stopped cooperating and refused to appear for a deposition. Ultimately, the House voted to hold the former White House chief of staff in contempt of Congress. The Justice Department has not yet announced whether it will charge Meadows.
Meadows has sued the House committee in an attempt to block the congressional subpoenas. And in a late-night court filing on Friday, the committee responded with new details revealing Meadows was warned ahead of time that January 6 could turn violent, according to testimony from Cassidy Hutchison, one of Meadows’ former White House aides.
In addition, the committee released text messages Meadows exchanged with Republican members of Congress, including texts with Rep. Scott Perry of Pennsylvania about a scheme to replace Justice Department leaders who opposed Trump’s claims of election fraud.
In late December, Perry reached out to Meadows, connecting him to then-DOJ official Jeffrey Clark, who was pushing unfounded claims of voter fraud inside the Justice Department. Trump was considering firing the acting attorney general and installing Clark instead. Clark invoked his Fifth Amendment right against self-incrimination more than 100 times when he spoke to the January 6 committee in February.
On December 26, Perry texted Meadows, “Mark, just checking in as time continues to count down. 11 days to 1/6 and 25 days to inauguration. We gotta get going!”
“Mark, you should call Jeff,” he continued. “I just got off the phone with him and he explained to me why the principal deputy won’t work especially with the FBI. They will view it as as (sic) not having the authority to enforce what needs to be done.”
“I got it,” Meadows responded. “I think I understand. Let me work on the deputy position.”
On December 28, Perry reached out again: “Did you call Jeff Clark?” Meadows does not appear to respond.
Meadows withheld more than 1,000 messages from the committee on claims of privilege, the panel said in Friday’s court filing. In his lawsuit, Meadows’ attorney argued the former White House chief of staff “has been put in the untenable position of choosing between conflicting privilege claims.”
Hannity to Meadows: ‘Yes sir’
In addition to the texts the committee has released, CNN and other news organizations have previously published selections of text messages Meadows received from Lee, Roy, Trump Jr., Perry and Supreme Court Justice Clarence Thomas’ wife, Ginni Thomas.
The logs obtained by CNN include numerous messages from official White House cell phone numbers. Some have been identified by CNN, others are unknown.
There are also numerous group texts with Trump’s inner circle. The various group chats include Meadows, Ivanka Trump, Trump Jr. and Kushner, as well as top advisers such as Hope Hicks, campaign manager Bill Stepien, Miller and Scavino, among others.
Some texts only include links to news reports and social media. Others appear to contain content that was cut-and-pasted and forwarded. The logs do not contain images or attachments.
Meadows’ messages also include dozens of exchanges with Fox hosts, as well as journalists from the New York Times, Washington Post, Wall Street Journal, Associated Press, Politico, Bloomberg, NBC, ABC, CBS and CNN.
Among Meadows’ most frequent interactions were those with Fox’s Sean Hannity, a well-known friend of Trump. Throughout the logs, Hannity both gives advice and asks for direction.
On the afternoon of Election Day, Hannity texted Meadows to ask about turnout in North Carolina.
Meadows responded: “Stress every vote matters. Get out and vote.”
“Yes sir,” Hannity replied. “On it. Any place in particular we need a push.”
“Pennsylvania. NC AZ,” Meadows wrote. “Nevada.”
“Got it. Everywhere,” Hannity said.
For the most part, Meadows’ texts are short, and frequently he does not appear to reply at all. Some conversations include non sequiturs. It’s unclear whether Meadows did not respond to the messages or if the logs are incomplete, because texts could also have been deleted or withheld for claims of privilege.
CNN reached out for comment to all individuals who sent text messages quoted in this story. Meadows and his attorney did not respond to requests for comment. A spokesman for the January 6 committee declined to comment.
The fight to ‘stop the steal’
The text messages provide a timeline showing how Trump’s team searched all corners for evidence of election fraud and tried to overturn the election. Beginning on Election Day, Meadows was in the middle of it all, from connecting activists pushing conspiracy theories to strategizing with GOP lawmakers and rally organizers preparing for January 6.
The texts also show Meadows was dealing with everything from mediating a fight over who would be on the speaker’s list for the January 6 rally to fielding requests to pay Giuliani’s bills.
“Sir, we are airborne on the way to Michigan from Arizona. We’re going to need a hotel for the team and two vehicles to pick us up,” Bernie Kerik, a Giuliani associate, texted Meadows on December 1.
Reached for comment by CNN, Kerik confirmed the text was his and said that he never received a credit card for those travel expenses, paid for it himself and was later reimbursed.
Other texts show Meadows coordinating with GOP activists in the immediate aftermath of the election.
“Pls get 4 or 5 killers in remaining counts. Need outsiders who will torch the place. Local folks won’t do it. Lawyers and operators. Get us in these states,” American Conservative Union chairman Matt Schlapp texted Meadows on November 4.
“I may need to get you and mercy (sic) to go to PA,” Meadows responded, referring to Schlapp’s wife, Mercedes, who is a former Trump White House aide.
On a few occasions, Trump family members weighed in. Ivanka Trump sent a note on November 5 to a group that included Kushner, Hicks, Stepien, Miller and Meadows: “You are all WARRIORS of epic proportions! Keep the faith and the fight.”
Dozens of Republicans also offered support and advice to Meadows — as well as perpetuated conspiracy theories that were gaining traction in right-wing media.
For instance, Rep. Ted Budd, a North Carolina Republican now running for Senate, suggested in a text on November 7 that Dominion Voting Systems could be connected to George Soros’ company. Dominion has no corporate ties to Soros, a billionaire and frequent target of baseless conspiracy theories, according to a CNN fact check.
On November 6, Rep. Andy Biggs, an Arizona Republican, appeared to suggest that state legislatures should appoint electors “in the various states where there’s been shenanigans,” a move he acknowledged would be “highly controversial.” In his text, he wrote the legislatures could appoint “a look doors,” which is phonetically similar to electors.
On December 1, then-Attorney General William Barr infuriated Trump when he publicly stated that the Justice Department did not find widespread evidence of voter fraud. Nevertheless, Meadows received multiple texts pushing back, including from Schlapp later that day: “Happy to walk ag through our evidence. Its (sic) overwhelming.”
The texts also show Meadows reached out to GOP officials in multiple states to lobby for Trump’s cause. On two occasions, Meadows attempted to contact Georgia Secretary of State Brad Raffensperger, who was under attack from Trump for certifying Georgia’s election for Biden.
“mr Secretary. Can you call the White House switchboard,” Meadows wrote on December 5. “Your voicemail is full.”
Raffensperger does not appear to reply to the messages.
Trump’s efforts to overturn the election results in Georgia are under investigation by a district attorney in the Atlanta area.
Meadows also received text messages from GOP activists and local officials making outlandish claims, including allegations that “traitors inside our intel agencies” were committing election fraud, as well as baseless charges that voting equipment companies Dominion and Smartmatic had manipulated votes — the same false claims being pushed by Giuliani and Powell.
Both companies have filed billion-dollar lawsuits over the false election claims, including against Fox News, right-wing media organizations, Giuliani, Powell and Lindell.
Throughout the two months, Meadows received dozens of messages from Arizona GOP Chairwoman Kelli Ward, who offered what she claimed were examples and sources of voter fraud.
On December 9, she sent a text to Meadows letting him know she’d already reached out to Trump’s executive assistant: “This guy says he’s cracked the whole election fraud and wants to speak to someone. I sent his info to Molly Michael a few days ago, but I’m not sure it went anywhere.”
“I will call him,” Meadows responded.
Another frequent texter was Lindell, one of the most vocal proponents of baseless election conspiracy theories. Even after courts had dismissed dozens of Trump’s legal challenges, the My Pillow CEO was still pressing the White House.
“Everything Sidney has said is true! We have to get the machines and everything we already have proves the President won by millions of votes!” Lindell texted Meadows on December 20. “This is the biggest cover up of one of the worst crimes in history! I have spent over a million$ to help uncover this fraud and used my platform so people can get the word not to give up!”
Meadows replied, “Thanks brother. Pray for a miracle.”
Reached for comment by CNN, Lindell confirmed the text was his. He told CNN that he has not spoken to Meadows since before January 20, 2021, and that at the time he was “just trying to get an appointment with the President.”
Doubts about election fraud
While Trump and his allies publicly stuck by their claims that the election had been stolen, behind the scenes, Trump’s inner circle — including Meadows — expressed some doubts. Trump’s aides also questioned whether lawyers like Giuliani and Powell were doing more harm than good.
On November 6, Miller, Trump’s campaign spokesman, texted a group, which included Ivanka Trump, Kushner, Hicks, Stepien, Scavino and Meadows, suggesting that the numbers in Philadelphia didn’t back up claims about alleged election fraud there.
“One other key data point: In 2016, POTUS received 15.5% of the vote in Philadelphia County. Today he is currently at 18.3%. So he increased from his performance in 2016. In 2016, Philadelphia County made up 11.3% of the total vote in the state. As it currently stands, Philadelphia County only makes up 10.2% of the statewide vote tally. So POTUS performed better in a smaller share. Sen. (Rick) Santorum was just making this point on CNN – cuts hard against the urban vote stealing narrative,” Miller wrote.
A week later, Miller wrote to Meadows again, this time saying that campaign research did not find any evidence of a conspiracy involving Soros, the Democratic donor. Miller also said he was concerned about sharing the findings with Trump.
“Lots there re: functionality problems, not much there on Dem/Soros conspiracy connections,” Miller wrote on November 13. “Will defer to you on whether or not to share full report with POTUS. POTUS is clearly hyped up on them, not just from his tweets, but he also called me and Justin separately last night to complain. JM.”
On November 20, Meadows was asked by a Florida contact how confident he was about fraud related to Dominion. Meadows texted back: “Dominion, not that confident. Other fraud. Very confident.”
Two days later, Ginni Thomas messaged Meadows with apparent concerns, asking, “Trying to understand the Sidney Powell distancing…”
Meadows responded: “She doesn’t have anything or at least she won’t share it if she does.”
“Wow!” Ginni Thomas wrote back.
In one of the few messages Meadows received from Kushner, Trump’s son-in-law shared a fact check on December 4 debunking one of the most prominent election fraud claims from Georgia. The article showed that despite inflammatory claims of poll workers stashing suitcases filled with ballots under a table, that did not, in fact, occur.
‘Hoping the VP sticks with us’
After the Electoral College affirmed Biden’s win on December 14, Trump’s allies turned their attention to January 6: the congressional certification of the electors and the rally that Trump said on Twitter “will be wild!”
On December 21, Brooks, the Alabama congressman, wrote to Meadows and others in a group text asking whether he should engage with the media about the “formulation of our January 6 strategies.”
“Does the White House want me to reply or be mum?” Brooks wrote. A staunch Trump ally running for Senate this year, Brooks gave an incendiary speech on January 6 but recently fell out of favor with Trump after suggesting Republicans should move on from 2020.
In response to CNN’s request for comment, Brooks said he had “no regrets” about his speech on January 6 and that he was “shocked” by the violence. “I had no inkling,” Brooks added.
Cruz, a Texas Republican who pushed a plan inside the Senate that would have delayed certification of the election, exchanged just a few messages with Meadows — links to his statements posted to social media.
On January 2, the senator sent Meadows his tweet proposing a 10-day audit of the election results.
“Here’s the statement,” Cruz wrote.
“Perfect,” Meadows responded.
The texts also make frequent reference to then-Vice President Mike Pence, who refused to go along with Trump’s plan to try to block the certification on January 6. On December 30, Rep. Brian Babin of Texas expressed concern that congressional leaders might try to short circuit their objections — and that Pence was not on board.
“Dems and some Republicans may well try to shortstop our objection efforts. Hoping the VP sticks with us,” Babin wrote.
On New Year’s Eve, Miller shared a news article with Meadows that Pence opposed a lawsuit intended to help overturn the election. Miller warned that it could be used “to drive a massive wedge between POTUS and everybody else in the party.”
“He’s absolutely going to blow his stack on this if he isn’t already aware,” Miller said of Trump. “Oh boy I don’t understand what the VP was thinking here.”
On January 5, Jordan, the Ohio congressman and close GOP ally of Meadows, weighed in.
“On January 6, 2021, Vice President Mike Pence, as President of the Senate, should call out all electoral votes that he believes are unconstitutional as no electoral votes at all — in accordance with guidance from founding father Alexander Hamilton and judicial precedence,” Jordan wrote.
Meadows responded the morning of January 6: “I have pushed for this. Not sure it is going to happen.”
The January 6 committee included the text exchange in its Friday court filing as evidence of Meadows’ alleged involvement in the effort to overturn the election.
The logs also show Meadows was involved with planning the rally on January 6, helping to mediate a fight over the speakers list. Trump adviser Katrina Pierson was alarmed at some of the proposed fringe figures who wanted to speak.
On January 2 and 3, Pierson wrote to Meadows looking for help.
“Good afternoon, would you mind giving me a call re: this Jan 6th event. Things have gotten crazy and I desperately need some direction. Please,” she asked on January 2.
The next day, she reached out again: “Scratch that, Caroline Wren has decided to move forward with the original psycho list. Apparently Dan Scavino approved??”
She continued: “So, I’m done. I can’t be a part of embarrassing POTUS any further.”
Wren was a fundraiser for the Trump campaign and helped organize the January 6 rally. She has been subpoenaed by the January 6 committee.
Less than an hour later, Pierson wrote Meadows that she told Wren she was talking to the White House in order to get her to back down.
“I let her know that I was going to reach out to WH and her tone changed,” Pierson wrote. “So, I’ll continue to build a proper event.”
“Thank you,” Meadows responded.
‘As bad as this can get’
In the aftermath of the violence at the Capitol on January 6, Trump’s inner circle discussed in a group text how to deal with the fallout — and Trump’s suspension from Twitter. At 10:10 p.m. on January 6, Kushner texted the group: “Why don’t we post on his Facebook page since he isn’t locked out there.”
In the final days of Trump’s term, as he faced impeachment for a second time, Meadows received words of encouragement from staunch allies, as well as caution from advisers.
“I would like to pass to POTUS that we are still with him, I believe in him and I want to encourage him,” Rep. Andrew Clyde, a freshman Georgia Republican, wrote on January 9. “I truly hope he does create a new platform to complete (sic) with Twitter and I hope he calls it ‘Trumpet’ and then we can send out ‘notes’ to each other!”
“I will share it with him. Thanks Andrew,” Meadows responded.
On January 13, the day the House voted to impeach Trump for inciting the insurrection at the Capitol — with 10 Republicans joining Democrats — Miller shared polling data in a group text with Meadows, Scavino and Kushner that showed “2/3 of the MAGA base wants us to move on.”
“I tried to walk the President through this earlier but he won’t have any of it,” Miller said.
As Trump prepared to leave power, he appeared to be a pariah in the Republican Party. House GOP Leader Kevin McCarthy had said during the House’s January 13 impeachment debate that the outgoing President “bears responsibility” for the riot. Six days later, on January 19, Senate Republican Leader Mitch McConnell denounced Trump from the floor of the Senate, saying the mob that attacked the Capitol was “provoked by the President and other powerful people.”
Nevertheless, Trump’s standing in the Republican Party quickly recovered, especially after McCarthy’s January 28 visit to Mar-a-Lago and the February 2021 acquittal of Trump in the Senate impeachment trial.
But before Trump left office, the Meadows text logs show some of Trump’s staunchest allies were dejected. On January 19, in one of the final texts Meadows received as chief of staff, Fox’s Sean Hannity shared a video of McConnell’s floor speech.
Hannity texted Meadows: “Well this is as bad as this can get.”
The-CNN-Wire
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CNN’s Ryan Nobles, Tara Subramanian and Christie Johnson contributed to this report. | https://localnews8.com/politics/cnn-us-politics/2022/04/25/cnn-exclusive-mark-meadows-2319-text-messages-reveal-trumps-inner-circle-communications-before-and-after-january-6/ | 2022-04-25T20:09:25Z |
MIDLAND, Texas, Aug. 11, 2022 /PRNewswire/ -- Encore Green Environmental LLC (EGE) announced immediate plans to treat produced water for beneficial use with Texas agriculture partners and NOMAD EXCEL water technology developed specifically to assist in drought conditions. EGE is proud to announce that their years of dedication to this goal has not been in vain.
As part of the treatment program, EGE has partnered the technology with West Texas legacy landowner, Cody Wilson, owner of Wilson Farms, to recycle produced water and apply the clean water to the surface estate for agricultural beneficial uses and for Wilson's non-edible crops.
"I look forward to being part of this project with EGE because without it, I don't see our type of farming lasting in this part of the world," said Wilson.
Wilson, who has deep ties to his family's lands, has joined EGE in an effort to provide and find solutions for regions where source water is scarce. Without the efforts of EGE to put produced water to beneficial use on crop lands, farmers like Wilson will face startling realities for reliable water sources for their crop futures.
EGE is the owner of proven technology and the water treatment equipment, known as NOMAD EXCEL. Units are ready to move onto Wilson's lands.
According to Darlene Nash, Owner of Encore Green, "There is nothing more important than the use of this technology now available to benefit soil health and climate wellness."
By treating and using the produced water that would otherwise be disposed of, thereby removing it permanently from the water cycle, Wilson hopes to show landowners and operators within the industry that working together, solutions are available and affordable.
EGE is set apart in produced water recycling by the end use product available for agriculture. The goal is to continue focus on treating produced water for the purpose of industry re-use, providing a bridge between the industry and landowners. It recognizes that as seismicity continues, disposal constraints increase, and overall water scarcity becomes more prevalent.
Encore Green Environmental LLC (EGE) formed as an agricultural company dedicated to land stewardship and providing solutions for industry produced water management and handling. EGE is a Wyoming limited liability company, registered to do business in the State of Texas. https://www.encoregreenenvironmental.com/
PHOTO: https://www.Send2Press.com/300dpi/22-0811-dnash-nomad-excel-300dpi.jpg
This release was issued through Send2Press®, a unit of Neotrope®. For more information, visit Send2Press Newswire at https://www.Send2Press.com
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SOURCE Encore Green Environmental LLC | https://www.mysuncoast.com/prnewswire/2022/08/11/encore-green-environmental-llc-announces-roll-out-beneficial-use-produced-water-with-agricultural-partners/ | 2022-08-11T12:51:22Z |
The Coalition will host the Global Forum on Girls' Education® III in Boston in June; Finalize and pursue partnerships and merger opportunities with other organizations throughout the year
CHARLOTTESVILLE, Va., May 4, 2022 /PRNewswire/ -- Hundreds of educators, researchers, authors, and advocates for girls and young women from all over the world will gather at the ICGS Global Forum on Girls' Education® III, which will convene virtually June 21-22 and in person in Boston, Mass., June 27-29, 2022.
The Global Forum on Girls' Education® III will include a combination of virtual and in-person programming, hosted at Boston Park Plaza in Boston, Mass. The forum will feature keynote addresses from Leymah Gbowee, Shabana Basij-Rasikh, and Lisa Damour.
A Liberian peace activist, trained social worker, and women's rights advocate, Gbowee is a Nobel Peace Laureate who currently serves as Executive Director of the Women, Peace and Security Program at Columbia University's Earth Institute, and she is the founder and current President of Gbowee Peace Foundation Africa. Basij-Rasikh is president of the School of Leadership of Afghanistan (SOLA), which she founded as a teenager. She is also a contributor to the Global Opinions section of The Washington Post, and she has been named one of CNN International's Leading Women, and National Geographic's Emerging Explorers. Damour is a psychologist and expert on girls' development. She directs the Center for Research on Girls at Laurel School in Shaker Heights, Ohio. She is a best-selling author, New York Times columnist, podcaster, and regular contributor to CBS News.
The forum will also be a celebration of the Coalition's formal repositioning as the International Coalition of Girls' Schools (ICGS).
Established as NCGS in 1991 by the merger of the Coalition of Girls' Boarding Schools and the Coalition of Girls' Day Schools, the Coalition has vastly expanded its reach in the last 30 years. What began in 1991 as 56 American member schools has grown to include more than 330 girls' schools around the world in 2022. One-third of member institutions are located outside the U.S., in Afghanistan, Australia, Bermuda, Canada, Colombia, Ireland, Israel, Japan, Phillippines, the Republic of Korea, Rwanda, South Africa, Spain, and the United Kingdom.
"Our organization's name no longer adequately captured who we are and what we do," says Executive Director Megan Murphy. "This exciting change allows us to be a more inclusive organization, as our name more accurately represents our programming and our membership."
The International Coalition of Girls' Schools (ICGS) will continue to be the leading advocate for girls' schools, connecting and collaborating globally with individuals, schools, and organizations dedicated to educating and empowering girls. As such, the conference centers around the ways girls' schools both shape and respond to the global conversation about girls' education and development.
The triennial Global Forum will bring together girls' school faculty, administrators, and other experts in girls' education. These thought leaders will share ideas about how best to prepare and empower girls to be ethical, globally minded changemakers who lead with courage, competence, and empathy.
Dynamic peer-led sessions, hands-on ideation sessions, and focused workshops will be geared toward girls as
- Global Citizens
- Entrepreneurs and Innovators
- Social Activists
- Political Leaders
- Artists
- Performers and Creators
- Environmental Champions
- Scientists
- Inclusive Allies
- Happy, Healthy Individuals
Registration for the Global Forum on Girls' Education® III is now open at www.ncgs.org.
Contact: Kathleen Osborne, Director of Communications, International Coalition of Girls' Schools;
kosborne@ncgs.org; (+1) 216.952.5035
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SOURCE The National Coalition of Girls' Schools | https://www.wibw.com/prnewswire/2022/05/04/national-coalition-girls-schools-is-embracing-new-name-new-collaborations-global-initiatives-with-optimism-energy/ | 2022-05-04T14:13:38Z |
GEORGIA, Aug. 25, 2022 /PRNewswire/ -- Northpoint Roofing Systems, a roofing business based in Georgia, has shared that 90% of the company's residential clients did not realize they had storm damage because they are unable to see it. To help combat this, the company has a front-line sales team who knocks on potential clients' doors in local neighborhoods to help these clients identify existing roof damage. The sales specialists provide free drone inspections to point out storm damage on residential rooftops that may be in need of repair. Rather than focusing on making a sale, this team of experts is focused on educating residents and providing them with an assessment report to help homeowners make decisions about their homes.
"We always hope that there is no damage but if there is, we take pride in being able to help our customers identity issues as soon as possible, before they get worse, using our drones and advanced AI technology," said Keith Priddy, CEO and co-founder of Northpoint Roofing Systems. "Many people consider our sales team to be solicitors, but in reality, they are educators working hard to help homeowners catch damage before it becomes a serious problem."
Catching home damage early is essential for minimizing the impact, especially when it comes to roofs. Northpoint Roofing Systems aims to educate and inform homeowners that have been impacted by storms of any damage as soon as possible. Northpoint Roofing Systems has three locations operating in Georgia. The company has over 100 years of combined experience and can offer expertise in shingles, metal roofing, gutters, and solar for homeowners and commercial property owners. Northpoint is also known for providing top-quality services using AI technology and innovative full-roof protection.
To learn more about Northpoint Roofing Systems, go to www.northpointroofingsystems.com.
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SOURCE Northpoint Roofing Systems, INC | https://www.kxii.com/prnewswire/2022/08/25/northpoint-roofing-systems-utilizes-team-educate-clients-provide-damage-reports/ | 2022-08-25T19:04:47Z |
VANCOUVER, BC, June 3, 2022 /PRNewswire/ - The Very Good Food Company Inc. (NASDAQ: VGFC) (TSXV: VERY.V) (FSE: OSI) ("VERY GOOD" or the "Company"), is pleased to announce that it has closed its previously announced private placement for gross proceeds of approximately USD$6,500,000 (the "Offering").
Pursuant to the Offering, the Company issued 13,100,000 common shares of the Company ("Shares") at a purchase price of US$0.20 per Share, 19,400,000 common share equivalents ("Common Share Equivalents") which entitle the holder to purchase 19,400,000 Shares at a price of $0.0001 per Common Share and 32,500,000 warrants ("Warrants") to purchase 32,500,000 Shares at a price of US$0.2582 per Share. The Warrants are exercisable for a period of five years from issuance. The Shares, Common Share Equivalents, Warrants and Shares issuable upon exercise of the Common Share Equivalents and Warrants are collectively referred to as "Securities" in this news release.
The terms of the Warrants and the Common Share Equivalents restrict the holder's ability to exercise if, upon exercise the holder would beneficially own in excess of 9.99% of the number of the Company's Shares outstanding immediately after giving effect to the exercise.
The Company intends to use the net proceeds of the Offering for general working capital purposes.
H.C. Wainwright & Co. acted as the exclusive placement agent (the "Placement Agent") for the Offering. The Placement Agent received a cash commission equal to 5.5% of the gross proceeds of the Offering.
"This financing provides us with additional runway as we continue to aggressively implement our rightsizing and optimizing initiatives. We will continue to dedicate our efforts to creating a path to profitability and to transitioning VERY GOOD into a company that can live up to its product and brand reputation," said Matt Hall, the Company's Interim Co-Chief Executive Officer.
The Securities sold in the Offering have not been registered under the Securities Act of 1933, as amended, or state securities laws as of the time of issuance and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission ("SEC") or an applicable exemption from such registration requirements. The Company has agreed to file one or more registration statements with the SEC registering the resale of the Securities within thirty (30) days of the date of the securities purchase agreement and must use commercially reasonable efforts to cause a registration statement to be declared effective under the Securities Act of 1933 within forty five (45) days of the date of the securities purchase agreement (or, in the event of a "full review" by the SEC, within seventy five (75) days of the date of the securities purchase agreement).
No securities were offered or sold to Canadian residents in connection with the Offering. The securities are inscribed with a legend such that they are not able to be resold in Canada or to a Canadian resident, before October 3, 2022.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This news release shall not constitute an offer of securities for sale in the United States. The securities offered were not registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent registration under U.S. federal and state securities laws or an applicable exemption from such U.S. registration requirements.
About The Very Good Food Company Inc.
The Very Good Food Company Inc. is an emerging plant-based food technology company that produces nutritious and delicious plant-based meat and cheese products under VERY GOOD's core brands: The Very Good Butchers and The Very Good Cheese Co. www.verygoodfood.com.
OUR MISSION IS LOFTY BUT BEAUTIFULLY SIMPLE: GET MILLIONS TO RETHINK THEIR FOOD CHOICES WHILE HELPING THEM DO THE WORLD A WORLD OF GOOD. BY OFFERING PLANT-BASED FOOD OPTIONS SO DELICIOUS AND NUTRITIOUS, WE'RE HELPING THIS KIND OF DIET BECOME THE NORM.
ON BEHALF OF THE VERY GOOD FOOD COMPANY INC.
Matthew Hall
Interim Co-Chief Executive Officer
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable securities laws in Canada and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, including Section 21E of the Securities Exchange Act of 1934, as amended (collectively referred to as "forward-looking information"), for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Forward-looking information may be identified by words such as "plans", "proposed", "expects", "anticipates", "intends", "estimates", "may", "will", and similar expressions. Forward-looking information contained or referred to in this news release includes but is not limited to; use of the net proceeds from the Offering and Very Good's intention to obtain an effective registration statement from the SEC registering the resale of the Securities and the timing thereof. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information, but which may prove to be incorrect including, but not limited to, material assumptions with respect to the Company's ability to continue as a going concern; the Company's ability to manage recent personnel changes; and the Company's ability to successfully execute on its updated business strategy outlined in its most recently filed interim Management's Discussion and Analysis for the three months ended March 31, 2022, which is available at www.sedar.com and www.sec.gov. The Company's ability to execute on its strategy may also depend on the Company's ability to accurately forecast customer demand for its products and manage its inventory levels, continued demand for VERY GOOD's products, continued growth of the popularity of meat alternatives and the plant-based food industry, no material deterioration in general business and economic conditions, the successful placement of VERY GOOD's products in retail stores, the Company's ability to remain listed on the Nasdaq, VERY GOOD's ability to successfully enter new markets, VERY GOOD's ability to obtain necessary production equipment and human resources as needed, VERY GOOD's relationship with its suppliers, distributors and third-party logistics providers, and management's ability to position VERY GOOD competitively. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because VERY GOOD can give no assurance that such expectations will prove to be correct. Risks and uncertainties that could cause actual results, performance or achievements of VERY GOOD to differ materially from those expressed or implied in such forward-looking information include, among others, the impact of, uncertainties and risks associated with negative cash flow and future financing requirements to sustain and grow operations, limited history of operations and revenues and no history of earnings or dividends, competition, risks relating to the availability of raw materials, risks relating to regulation on social media, expansion of facilities, risks related to credit facilities, dependence on senior management and key personnel, availability of labor, general business risk and liability, regulation of the food industry, change in laws, regulations and guidelines, compliance with laws, risks related to third party logistics providers, unfavorable publicity or consumer perception, increased costs as a result of being a United States public company, product liability and product recalls, risks related to intellectual property, risks relating to co-manufacturing, risks related to expansion into the United States; risks related to our acquisition strategy, taxation risks, difficulties with forecasts, management of growth and litigation as well as the risks associated with the ongoing COVID-19 pandemic. For a more comprehensive discussion of the risks faced by VERY GOOD, please refer to VERY GOOD's most recent Annual Information Form filed with Canadian securities regulatory authorities at www.sedar.com and as an exhibit to the Form 20-F filed with the SEC on May 26, 2022 and available at www.sec.gov. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available. Any forward-looking information speaks only as of the date of this news release. VERY GOOD undertakes no obligation to publicly update or revise any forward-looking information whether because of new information, future events or otherwise, except as otherwise required by law. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.
None of the Nasdaq Stock Market LLC, TSX Venture Exchange, the SEC or any other securities regulator has either approved or disapproved the contents of this news release.
None of the Nasdaq, the TSX Venture Exchange or its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), the SEC or any other securities regulator accepts responsibility for the adequacy or accuracy of this news release.
For further information, please contact:
Apollo Relations
Email: invest@verygoodbutchers.com
Phone: +1 855-472-9841
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SOURCE The Very Good Food Company Inc. | https://www.mysuncoast.com/prnewswire/2022/06/03/very-good-food-company-inc-closes-usd-65-million-private-placement/ | 2022-06-03T13:10:03Z |
Built during the pandemic, Wychmere now has a spectacular new 35,000 square foot event space, "Dune"
PLYMOUTH, Mich. and HARWICHPORT, Mass., June 24, 2022 /PRNewswire/ -- ReyCon (formerly Reynolds Construction), a leader in construction management throughout Massachusetts, is pleased to announce the recent completion of work at the Wychmere Beach Club on Cape Cod. The Club held its first wedding reception at the newly constructed "Dune" event space in May 2022.
Wychmere Beach Club is a prestigious multi-use compound in Harwichport. The property spans 20 Oceanfront acres on Nantucket Sound and features exclusive event space, a private beach, sparkling pools, festive poolside bars and restaurants and a tennis club. While ReyCon is a respected player in multiple construction markets- this is one of the firms most high-profile hospitality projects.
ReyCon's work at Wychmere consisted of ground up construction on a stunning 35,000 sq feet oceanfront wedding venue as well as adjacent pools, pool deck and bar/restaurant. "Dune" features panoramic ocean views accessible through expansive windows, balconies and a rooftop terrace with frameless glass walls. Outside, the beach club boasts two brand new grand pools, a kids pool and an extra-large hot tub. This glamour is set amongst picturesque landscaping – resulting in one of New England's most extraordinary oceanfront settings.
ReyCon field teams -led by Project Manager Greg Ginsburg -worked in collaboration with the property owner Atlas Investment Group, the architecture and design team at GS Design Group Inc., as well as a highly respected team of subcontractors.
"We were thrilled to partner with Atlas Investment Group on a hospitality project of this magnitude and prestige" said Mike Reynolds, President of ReyCon, "The Wychmere Beach Club is an absolute jewel and one of the truly special beach clubs and event venues not only on Cape Cod, but all of New England. I'm particularly proud of the fact that this project was initiated and developed during the challenging pandemic. Success on the project required creative problem solving and a tremendous team effort - everyone involved deserves credit for driving the program forward during uniquely difficult times."
"Mike and his team at ReyCon were true professionals and exceptional partners on this project" said Kevin Kelly of Atlas. "We were impressed with their collaborative approach and ability to adapt and adjust on the fly during challenging times – without compromising cost or quality.
We shared a common goal - to create a world-class, five-star venue for weddings, corporate meetings and other special occasions. The result of the project and our overall experience with ReyCon was nothing less than spectacular."
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SOURCE Reycon | https://www.kxii.com/prnewswire/2022/06/24/reycon-construction-management-completes-work-wychmere-beach-club-harwichport/ | 2022-06-24T18:04:24Z |
WASHINGTON, Aug. 31, 2022 /PRNewswire/ -- Amtrak, in conjunction with WSDOT, ODOT, VIA Rail Canada (VIA Rail), and other federal agencies, will resume Amtrak Cascades service to Vancouver, British Columbia, on September 26. Customers can purchase tickets at Amtrak.com, AmtrakCascades.com, the Amtrak app, Amtrak ticket desks and kiosks, and by calling 1-800-USA-RAIL. Travelers departing from Canada can also book their tickets at ViaRail.ca, and through 1-888-VIA-RAIL.
The first Cascades train to Vancouver will depart Seattle at 7:45 a.m. on Monday, September 26, stop at five cities along the way and arrive in Vancouver at 11:45 a.m. Traveling southbound, Amtrak Cascades will depart Vancouver at 5:45 p.m. and arrive in Seattle at 10:10 p.m. This single roundtrip will be offered daily, with a second daily trip added in the future as Amtrak staffing and equipment allow. In addition to resuming service to Canada, the route also offers three daily round trips between Portland and Seattle, two daily round trips between Eugene and Portland, two daily buses between Seattle and Bellingham and four daily buses between Seattle and Vancouver, BC.
Amtrak Cascades runs along the water from British Columbia, through river and mountain vistas in Washington and Oregon, offering customers views of some of the country's most distinctive cities and spectacular natural attractions. While onboard, customers can enjoy the cafe car which features products grown and made in the Pacific Northwest on its current Bistro Menu. Customers also appreciate free Wi-Fi on the Washington segment of the trip, freedom to use phones and electronic devices at all times (no "airplane mode"), large spacious seats with ample leg room, no middle seat, and one of the most generous baggage policies in the travel industry, applicable for two personal items and two carry-on bags.
Service between Vancouver, BC, and Seattle has been suspended since 2020 because of the pandemic. In addition to the standard entry documentation requirements, the Canadian and United States Governments have several additional requirements for travel into Canada and the United States. Those who fail to meet these criteria will not be allowed to cross the border.
- Travel into United States: Non-U.S. citizen passengers must be fully vaccinated with a U.S.FDA or a WHO approved COVID-19 vaccine. See details on the United States Department of Homeland Security website.
- Travel into Canada: All passengers must use the ArriveCAN app before travel and wear a mask in Canadian stations and on board trains while traveling through Canada. Non-Canadian citizens must be fully vaccinated and carry the vaccination record that was uploaded into ArriveCAN. See details on the Government of Canada and Viarail websites, and additional Cantrail thruway bus service Vancouver travel requirements.
Representing the second of three services traveling to Canada, service resumption to Vancouver, BC, follows a resumption of service to Toronto announced earlier this year.
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SOURCE Amtrak | https://www.kxii.com/prnewswire/2022/08/31/amtrak-cascades-resumes-service-vancouver-bc/ | 2022-08-31T16:44:09Z |
Former Sunday school teacher to spend at least 87 years in prison for sexually assaulting children
Published: Aug. 30, 2022 at 9:37 PM CDT|Updated: 15 minutes ago
DURHAM, N.C. (CNN) - A former Sunday school teacher will spend decades in a North Carolina prison for sexually assaulting children.
On Monday, Jonathan Young was sentenced to a minimum of 87 years in prison.
The 38-year-old was convicted of multiple counts of rape, sexual offense and indecent liberties with children.
Prosecutors said Young assaulted at least three children at a church in the Benson area between 2003 and 2014. The youngest victim was 7 years old.
The church’s pastor said the sheriff’s office first told him about the allegations in 2014, but no charges were filed at that time.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.kxii.com/2022/08/31/former-sunday-school-teacher-spend-least-87-years-prison-sexually-assaulting-children/ | 2022-08-31T03:01:06Z |
Dear Heloise: I’m out on my own now and cooking a lot of my meals. I’m hoping you’ll reprint your one-pot chicken dish for me, because as I recall, it was not only easy to make but very tasty as well. I’m learning to cook a number of things, but that recipe is one of my all-time favorites.
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Apollo Program will be part of the Stagwell Marketing Cloud, a suite of SaaS and DaaS tools built for in-house marketers
NEW YORK, July 18, 2022 /PRNewswire/ -- Stagwell (NASDAQ: STGW) today announced the acquisition of Apollo Program, a real-time, AI-powered SaaS platform that uncovers consumer, creative and contextual insights for scaled modern marketing. Apollo will be integrated with Stagwell's data and insights unification tool, Consumer Understanding and Engagement (CUE), and is the first acquisition made by the Stagwell Marketing Cloud.
Apollo's enterprise technology tools will connect and enrich Stagwell's expansive first-party data universe with millions of behavioral, transactional, and location-based data points to help marketers understand consumer behaviors, motivations, and states of mind. The integration of Apollo with CUE will automate workstreams to translate insights into effective campaigns across messaging, content strategy, and media.
"Marketers today need technology that helps insights, content, and media perform together at scale," said Mark Penn, chairman and CEO, Stagwell. "Apollo is a great example of how Stagwell can uniquely use technology to support modern marketing. We're excited to strengthen CUE and welcome Apollo to the Stagwell Marketing Cloud."
"Most data tools focus on media campaign creation and targeting – Apollo provides unified knowledge of consumer habits, behaviors and creative preferences to aid all kinds of decision-making," said Jim Caruso, co-founder and CEO, Apollo. "Apollo is proud to join Stagwell as it further develops technology solutions to leverage data across end-to-end marketing activation."
Apollo Program was initially incubated within Anomaly, an agency within the Stagwell network. Like other products in the Stagwell Marketing Cloud – such as PRophet, an AI-based tool for predicting earned media interest and sentiment – it solves for a crucial gap in the marketing services ecosystem and is primarily geared towards in-house marketing teams.
"Apollo was created in response to clients' need to bring insights closer to creative and content strategy, to have data lead the creation of brand strategy instead of purely support tactical execution," said Jason Deland, partner, Anomaly.
The Stagwell Marketing Cloud is a proprietary suite of SaaS and DaaS tools built for the in-house marketer, spanning campaign ideation to activation and analysis. Products within the cloud include PRophet; ARound, which helps live events and retailers scale shared augmented reality experiences; Koalifyed, an end-to-end influencer management platform; the Harris Brand Platform, delivering competitive brand intelligence; and more.
Apollo will continue to be led by its current team including Jim Caruso. Terms of the deal were not disclosed.
About Stagwell
Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world's most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 12,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.
Contact:
Beth Sidhu
202-423-4414
pr@stagwellglobal.com
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SOURCE Stagwell Inc. | https://www.mysuncoast.com/prnewswire/2022/07/18/stagwell-stgw-acquires-apollo-program-ai-powered-saas-platform-consumer-creative-content-insights/ | 2022-07-18T17:41:49Z |
Grants Awarded in Partnership with Truist Cares COVID-19 Relief Efforts
WASHINGTON, Aug. 1, 2022 /PRNewswire/ -- The Internet Society today announced that seven recipients will share $1 million in grant funding to expand broadband access in their communities as part of the Truist Expanding Potential in Communities (EPIC) Grant. This second round of funding follows the $1 million in grants distributed last year to five recipient organizations and will continue to support broadband Internet connectivity initiatives to help alleviate disparities in education, employment, and social welfare in the Southeastern United States.
The Internet Society will distribute the grants to organizations and entities selected by an advisory committee of municipal and community networks and policy and community development experts. The grants will support community networks built, owned, and operated by local governments and organizations. The recipients of the 2022 Truist EPIC Grant are:
- Connected Communities Wi-Fi Project in Washington, D.C., will receive $175,000 to deploy high-speed Wi-Fi at a DC Housing Authority property, connect residents to devices, and facilitate digital literacy and skills training programs.
- Connecting for Good in Austin, Texas, will receive $175,000 to expand a project to connect low-income multi-dwelling unit buildings and nearby single-family homes across the city to free and low-cost broadband Internet service.
- Edgewood ISD Connected Beyond the Classroom in San Antonio, Texas, will receive $175,000 to expand its network of home Internet access service for students across the Edgewood Independent School District.
- Fifth Ward Internet Connectivity Project in Houston, Texas, will receive $175,000 to provide up to 700 low-income families with Internet access and offer options for increasing digital literacy skills, installing public Wi-Fi benches, and adding antennas and nodes to community spaces.
- Montgomery Connects MoCoNet in Montgomery County, Maryland, will receive $175,000 to create in partnership with Older Adults Technology Services power by AARP, the Housing Opportunities Commission, and affordable housing developer APAH, a Senior Planet Montgomery smart connected community for diverse, low‐income older adults by providing 100 Mbps MoCoNet broadband, Emergency Connectivity Fund devices and digital empowerment skills training, to enable residents to be independent and engage with each other as a community.
- Roanoke Connect in Roanoke Rapids, Town of Halifax, North Carolina, will receive $175,000 to expand a network to increase broadband access in rural northeast North Carolina counties with high poverty rates.
- Sunnyside Technology Hub in Houston, Texas, will receive $175,000 to create a broadband coverage area in the Sunnyside community of Houston in an area of flat terrain that lacks tall buildings.
Many communities in those states representing the recipients do not have adequate broadband infrastructure, especially in rural regions, and, when they do, it is often too expensive for many residents. According to President Biden's infrastructure plan, in Alabama, nearly 12% of residents live in areas without broadband infrastructure, and nearly one in five do not have Internet service. There are similar access and cost barriers in North Carolina and Florida, according to the Biden administration's state-by-state infrastructure report.
"After the success of the last round of grant funding, we were thrilled to once again provide support for projects that deliver for their communities by expanding Internet access—something that has only become more crucial as the pandemic has lingered," said Lynette Bell, president of Truist Foundation. "These additional grant recipients displayed extraordinary commitment and planning in addressing the urgent need to connect their communities, and we're proud to expand our support for local efforts to build a sustainable internet infrastructure."
Community networks are communications infrastructures built, managed, and used by local communities or municipalities and are a sustainable solution to address these connectivity gaps in underserved regions. The Internet Society has a long history of working with communities worldwide to fund, build and, train people with the skills needed to run and maintain community networks.
The Truist EPIC Grant recipients were selected from a pool of 47 applicants from across the Southeast. Their applications demonstrated need, community support, a long-term sustainability plan, and technical expertise and met the criteria of low-income, indigenous populations or communities of color. The grant is part of Truist Cares, a cooperative effort between Truist Financial Corporation, Truist Foundation, Inc. and Truist Charitable Fund to provide communities, organizations and individuals disaster relief and assistance during the COVID-19 crisis.
Founded in 1992 by Internet pioneers, the Internet Society is a global non-profit organization working to ensure the Internet remains a force for good for everyone. Through its community of members, special interest groups, and 120+ chapters around the world, the organization defends and promotes Internet policies, standards, and protocols that keep the Internet open, globally connected, and secure. For more information, please visit: Internetsociety.org.
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Truist has leading market share in many high-growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Headquartered in Charlotte, North Carolina, Truist is a top 10 U.S. commercial bank with total assets of $544 billion as of March 31, 2022. Truist Bank, Member FDIC. Learn more at Truist.com.
The Truist Foundation is committed to Truist Financial Corporation's purpose to inspire and build better lives and communities. Established in 2020, the foundation makes strategic investments in nonprofit organizations to help ensure the communities it serves have more opportunities for a better quality of life. The Truist Foundation's grants and activities focus on building career pathways to economic mobility and strengthening small businesses. Learn more at Truist.com/Purpose/Truist-Foundation.
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SOURCE THE INTERNET SOCIETY | https://www.wibw.com/prnewswire/2022/08/01/internet-society-announces-recipients-second-round-1m-grant-funding-expand-internet-access-underserved-communities-texas-maryland-north-carolina-washington-dc/ | 2022-08-01T13:18:51Z |
WALTHAM, Mass., June 15, 2022 /PRNewswire/ -- AVAVA Inc., a disruptive aesthetic platform company, announced today that it was awarded first place in the prestigious Innovation Tank Challenge during the 23rd International Master Course on Aging Science (IMCAS) Annual World Congress. The award recognized AVAVA's non-invasive breakthrough procedure that safely and effectively prevents and treats skin aging, and pigmentary conditions, for all skin tones.
AVAVA, a Blossom Innovations company, was recognized for its FDA-cleared skin rejuvenation laser with Focal Point Technology™. This industry-first procedure is transforming the aesthetic laser market by delivering energy with pinpoint accuracy for optimal patient outcomes. Coupled with its high resolution interactive imaging system, AVAVA has built an intelligent solution that unlocks safe and effective treatments for all skin types.
This latest breakthrough technology was created by scientists R. Rox Anderson, M.D., director of the Wellman Center at Massachusetts General Hospital, a teaching affiliate of Harvard Medical School – Department of Dermatology; Dieter Manstein, M.D., Ph.D., Department of Dermatology at Massachusetts General Hospital; Henry H.L. Chan, M.D., Ph.D., Department of Medicine, The University of Hong Kong and the visiting scientist of the Wellman Center, Massachusetts General Hospital; and Dr. Irina Erenburg, CEO of AVAVA.
"Currently, the most well-known energy-based devices on the market for skin rejuvenation are painful; are associated with a long downtime for patients; and deliver moderate, inconsistent results. These procedures are also often unsafe for skin of color," said Dr. Irina Erenburg. "Additionally, all current energy-based treatments deliver energy to the skin, regardless of the size or shape of the region or skin area to be treated. In the process, normal and healthy parts of the skin are unnecessarily exposed to energy. AVAVA's pinpoint image guided accuracy changes that paradigm for all patients."
Erenburg continued: "We are honored to have been recognized as the winner of IMCAS' Innovation Tank Challenge among many other worthy competitors, not only for our technology but for the unmet need it addresses."
IMCAS is the largest educational conference in the world for dermatologists, plastic surgeons and aesthetic practitioners, and brings together international industry experts to share the latest evidence-based techniques and developments in the field. Its Innovation Tank Challenge is a high-profile opportunity for start-ups to pitch their unique ideas and innovative solutions to a jury of prominent investors and leaders in the medical industry.
Blossom Innovations invents breakthrough medical devices and drug-device combination products. Its unique R&D approach synergizes expertise in biology, physics and medicine to impact patient care using individualized precision therapy and novel treatment platforms designed to address major unmet clinical dermatological needs. For more information: blossominnovations.com.
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SOURCE AVAVA | https://www.mysuncoast.com/prnewswire/2022/06/15/avavas-breakthrough-aesthetic-treatment-all-skin-tones-wins-prestigious-innovation-tank-challenge-during-23rd-imcas-annual-world-congress/ | 2022-06-15T15:24:27Z |
USRA and NASA "Black Marble" scientists create global datasets to assist with disaster risk and reduction
COLUMBIA, Md., May 19, 2022 /PRNewswire/ -- USRA's Dr. Eleanor Stokes, senior scientist at the Earth from Space Institute, served as a contributing author to the prestigious biennial United Nations Global Assessment Report (GAR), released recently. Working with an international team of authors charged to review and assess the state of science and practice to date around disaster risk and resilience, Dr. Stokes contributed to several pieces of the report on how big data can lead to better decision-making around systemic risk.
The GAR findings cite the Black Marble—a nighttime lights satellite product jointly led by NASA and USRA science teams—as key to helping address two issues cited in the report: lower quality monitoring over less resourced geographies and lack of historically archived data.
Dr. Stokes leads the Black Marble's science team at USRA and is working on several projects that will help move the ball forward for disaster science.
Black Marble researchers have been pioneers in the creation of high-quality global datasets to assist with disaster risk and reduction, and even long-term economic relief after a disruption. For example, during the last two years of the COVID-19 pandemic, the team has monitored how the activity levels inside individual cities across the globe have initially plummeted, and then rebounded in response to different phases of the pandemic. This data is correlated with human mobility and economic activity, and is one of the few datasets that illuminates how the pandemic has impacted patterns of life in less resourced, data poor areas.
The team's recent publication in Scientific Reports discusses how this data can be incorporated in epidemiological models to understand the reactions of society to different policy measures. Stokes emphasizes that "Satellite data on disasters becomes even more powerful when fused with other types of ground-collected data. We can only see direct changes from space, but to make connections between places, and to understand the factors that influence recovery rates, we have to talk to people," she says.
One of Dr. Stokes' on-going projects, funded through NASA's land use/land change program, assesses how climate change in the Mediterranean Basin creates interconnected risks that impact the domains of ecosystems, food, and human health and safety all at once.
"Studies have historically thought about disaster impacts from the lens of one major event, one moment in time, happening in one place, and yielding one type of impact," Stokes says, "but disasters don't happen in a vacuum like that". Her study will focus on better understanding the combined risks of flooding, food insecurity, and biodiversity loss in the Basin and the interactions between them.
Additional Resources: https://gar.undrr.org/
Link to new paper in Nature Scientific Reports: https://rdcu.be/cNGmu
About USRA
Founded in 1969, under the auspices of the National Academy of Sciences at the request of the U.S. Government, the Universities Space Research Association (USRA), is a nonprofit corporation chartered to advance space-related science, technology and engineering. USRA operates scientific institutes and facilities, and conducts other major research and educational programs. USRA engages the university community and employs in-house scientific leadership, innovative research and development, and project management expertise. More information about USRA is available at www.usra.edu.
PR Contact:
Suraiya Farukhi, Ph.D.
sfarukhi@usra.edu
443-812-6945 (cell)
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SOURCE Universities Space Research Association | https://www.mysuncoast.com/prnewswire/2022/05/19/usra-scientist-contributes-united-nations-global-assessment-report-disaster-risk-reduction/ | 2022-05-19T18:41:18Z |
Emporia Chamber welcomes new Membership Director
EMPORIA, Kan. (WIBW) - The Emporia Chamber of Commerce has welcomed a new Membership Director and Emporia native to the team.
The Emporia Area Chamber of Commerce and Visit Emporia say on Tuesday, July 5, that James Gardner has been chosen as the chamber’s new Membership Director.
The Chamber noted that Gardner is an Emporia native and he and his wife opened Next Level nursing Solutions LLC, just over a year ago. It said the company is currently in the middle of relocation to a new office at 606 Commercial St. downtown.
Gardner indicated that he is excited to be a part of the Chamber team as Membership Director. He said he wants to be more involved with the community and meet new people.
“I am excited to start this new chapter of my life, and I look forward to working with the Emporia business community,” Gardner said.
Gardner also noted that his experience as a business owner allows him to better understand the challenges that local businesspeople face.
“James brings enthusiasm and a genuine interest in local businesses to our team, and I am confident you will see him as a valuable addition to our staff,” Jeanine Mckenna, President and CEO of the Emporia Area Chamber of commerce.
The Chamber said Gardner began his new role on July 5.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/07/05/emporia-chamber-welcomes-new-membership-director/ | 2022-07-05T19:12:39Z |
TEL AVIV, Israel, Aug. 30, 2022 /PRNewswire/ -- Primis, the leading Video Discovery platform for global publishers and founders of Sellers.guide, announced the appointment of Amir Rudner as the company's new VP of R&D.
Amir started his career in the R&D department at Primis 6 and a half years ago. He began working at Primis as a developer and has since climbed the corporate ladder, becoming a team leader, group leader, director, and is now claiming the position of VP. During this period Amir led the development and management of Primis' AMP player, SDK, contextual recommendation engine, and much more.
Eyal Betzalel, Co-CEO and Co-Founder of Primis, explained the change of structure as a product of the company's rapid expansion and Rudner's hard work and leadership. "Amir has been a fundamental part of our company for many years and has grown with us," said Betzalel.
"I am thrilled about this opportunity and look forward to reaching new heights within the R&D department and Primis as a whole," said Rudner.
About Primis:
Primis is the leader in Video Discovery. Our video ad monetization platform increases publishers' revenue by helping users discover high-quality video content. The company's video discovery technology is used by 100s of digital publishers, empowering over 350M uniques with an engagement-based video experience.
In May 2021, we launched Sellers.guide, a free resource to shed light on the ad tech supply chain by comparing ads.txt files with sellers.json.
Primis is owned by Universal McCann and The Interpublic Group of Companies, Inc. (NYSE: IPG).
Website: www.primis.tech
Twitter: @PrimisLtd
LinkedIn: Primis-UM
Facebook: Primis-UM
Logo: https://mma.prnewswire.com/media/1763082/Primis_Logo.jpg
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SOURCE Primis | https://www.kxii.com/prnewswire/2022/08/30/primis-appoints-amir-rudner-vp-rampd/ | 2022-08-30T11:51:33Z |
LONDON, May 26, 2022 /PRNewswire/ --
Reinvigorated strategy and new Leadership Team driving high performance culture
- Completed in-depth review of the business and strategy, assessing full range of options
- Simplified business portfolio focused on four businesses enabling the automotive, chemical and energy industries transition to net zero
- New transformation programme to deliver £150 million annualised cost savings by 2024/25, enhance decision-making pace and exploit synergy potential between sectors
- New global leadership team to drive high-performance culture and pace of strategic execution
- Focus on sustainable value creation accelerating to high single digit growth over the medium term, and strong long-term growth, supported by a reliable dividend
Underlying performance – continuing operations
- Robust underlying results for 2021/22, in line with market expectations
- Sales of £3.8 billion, up 5%, driven by a partial recovery in Clean Air and good performance in Efficient Natural Resources
- Underlying operating profit of £553 million, up 21%, driven by good performance in Clean Air and Efficient Natural Resources, higher average PGM prices and efficiencies
- Underlying earnings per share up 26% due to stronger operational results and lower net finance charges
- Free cash flow of £221 million, moderately down on the prior year
- Strong balance sheet with net debt of £856 million reflecting continued strong management of working capital; net debt to EBITDA of 1.2 times
Reported results
- Revenue up 4% primarily driven by higher average precious metal prices
- Operating profit declined 17% to £255 million, largely reflecting the one-off impairment and exit costs for Battery Materials
- Profit before tax declined 13% to £195 million, reflecting lower operating profit which was largely impacted by the one-off impairment in Battery Materials
- Loss after tax on discontinued operations of £217 million including Health underlying operating profit of £3 million and an impairment and restructuring charge of £242 million relating to its sale that is expected to complete at the end of May
- Reported loss per share of 52.6 pence
- Cash inflow from operating activities of £605 million (2020/21: £769 million)
- Ordinary dividend of 77.0 pence per share, up 10%
- Share buyback of £200 million now complete
Strategy update from the Chief Executive
Throughout my career I have only ever worked for companies that combine science with a strong sense of purpose. And what tremendous science and purpose Johnson Matthey (JM) has. Since becoming Chief Executive in March 2022, I have been struck by how passionate JM's people are about using their expertise in metals chemistry, catalysis and process design to create a cleaner, healthier world. However, it is also clear that we have not performed well in recent years and have done a poor job of value creation, which is something that my new team and I are committed to changing.
Reinvigorated strategy to drive value creation
In my conversations with employees and customers, I have heard a consistent message: JM is a great company – with great people and technology. But we need a much clearer strategy that outlines how we will create more value for both shareholders and society as we help the world accelerate progress to net zero, and how we will allocate resources in a more disciplined manner and transform our culture to enable successful strategic execution.
In the past couple of months, three things have become much clearer to me. The first is that we already have the core talent and technology required to help accelerate progress towards net zero. In fact, as the world looks to decarbonise, key markets for our products will increase significantly, opening up tremendous new growth opportunities for JM. We just need to define where we want to focus our energy and resources.
My second observation is that our complex business structure and lack of commercial focus is getting in the way of our ability to create significant value. That's why we need to simplify and drive a stronger emphasis on accountability and faster decision making.
The third observation is that in new growth ventures, JM needs to focus on where we have a right to win and then we need to play to win. That requires developing a strong performance culture that is disciplined in execution of strategy and delivers consistent results. We have to do better and create significantly more value for shareholders and society, and this is something we are completely committed to. We need to focus, simplify and execute at pace with a high degree of discipline.
Focusing our portfolio on core strengths
Our expertise in (platinum group metals) PGMs chemistry and catalysis, combined with our process technology skills, is the beating heart of this company. It is that expertise that has helped remove harmful emissions from vehicles for almost 50 years. And it is expertise that is essential for decarbonising our world: we are enabling low and zero carbon technologies in Catalyst Technologies and Hydrogen Technologies with a focus on sustainable fuels, fuel cells and green hydrogen electrolysers. Our technology has the potential to transform traditionally carbon-intensive sectors, such as chemicals, energy and transportation.
As part of the strategic review I have considered the full range of options and concluded that focusing on our core strengths offers a much clearer path to value creation than simply splitting up the group. JM has tremendous synergies across the group that can drive competitive advantage and create significant additional value. By using our deep understanding of PGM chemistry, catalysis and process design, JM can be a market leader in sustainable technologies across multiple industries. As a company we are shifting gears and moving from playing not to lose, towards playing to win.
We are focusing our business on four areas to create significant value – Clean Air, Catalyst Technologies, Hydrogen Technologies and our enabling business PGM Services. They are areas in which we already have world-class skills and technologies, and they are all areas in which we can, and are committed to play to win.
PGM Services – the backbone of our business
JM is the world's largest recycler of PGMs – around twice the size of our nearest competitor. PGM Services provides the flexible precious metal sourcing and price risk management that are necessary to run the rest of JM, and is key to the trust our customers place in us. For example, our Clean Air and hydrogen fuel cell customers depend on PGM Services for access to a reliable supply of sustainable, scarce precious metals, and recycling services to support a circular economy. We have a competitive advantage that is both very hard to replicate and essential for helping the world reach net zero. Our PGM Services backbone supports our other three focused business divisions – Clean Air, Catalyst Technologies and Hydrogen Technologies, which in turn enable PGM Services to maintain its scale and leadership.
1. Clean Air – continuing to play a leading role in the autocatalyst market
Clean Air will remain a significant business well into the next decade even as the world transitions towards lower and zero-carbon technologies. That transition will take time, and in the meantime governments around the world intend to roll out more stringent air quality regulations, which offer new opportunities for our innovative technology. Clean Air will create significant value and we are highly confident that we will generate at least £4 billion of cash over the decade to 2030/31, with more thereafter.
2. Catalyst Technologies – decarbonising chemicals and creating sustainable fuels
We are already an established, leading provider of process technology and catalysts to the chemicals and energy sectors, especially in synthesis gas (syngas). Our Catalyst Technologies business will strengthen our focus on the syngas value chain, growing our existing business alongside newer opportunities in blue hydrogen, sustainable fuels and low-carbon solutions. Fueled by the net zero transition, we expect these markets to grow rapidly in the medium term as future production needs to decarbonise. We intend to move quickly and strengthen our leading positions across Catalyst Technologies to deliver high single digit growth over the medium term.
3. Hydrogen Technologies – decarbonising transport and energy
Combining our PGM and catalysis expertise with our fuel cell and green hydrogen activities, our Hydrogen Technologies business will help decarbonise the transport and energy sectors and create very significant growth in the medium-longer term. We already have an established hydrogen business, having been active in fuel cells for over 20 years. Importantly, we already have customer contracts and partnerships today with leading hydrogen players including a major German automotive supplier for the supply of next generation catalyst coated membranes into the global automotive market.
We have taken the next step in our strategic partnership with Plug Power, a leading provider of cutting-edge green hydrogen and fuel cell solutions, with JM bringing extensive precious metals and catalysis expertise and potential to develop a closed-loop PGM recycling system. The partnership extends across advanced components for both fuel cells and electrolysis and embodies a commitment to rapidly scale up to meet accelerating market demand, combining the strengths of both businesses to drive the capacity needed to 2030 and beyond. The collaboration is expected to generate significant value and includes exploring options to develop a multi-GW state-of-the-art manufacturing facility in the US.
In addition, we expanded our presence in green hydrogen by investing into Enapter, a pioneer and commercial leader in anion exchange membrane (AEM) electrolysis. Our partnership encompasses joint development of advanced components, supply of specialist catalysts and we are jointly investigating opportunities for recycling.
We aim to become the market leader in high value performance components that are essential to power fuel cells and green hydrogen electrolysers. We are targeting more than £200 million of sales in Hydrogen Technologies by the end of 2024/25.
Simplifying our business
To successfully deliver our strategy, we need to simplify our business. JM needs to become simpler, more agile, and more cost-effective. Across our entire organisation, we must reduce complexity. This means leaner processes, less duplication and clear lines of accountability. Achieving this will help unlock our potential by increasing speed of decision making, eliminating duplication and reducing costs.
Executing at pace and transforming our culture
Our strategy will be underpinned by a rigorous performance culture. We are launching a transformation programme to drive stronger execution, unlock near-term cost opportunity and position us strategically to more strongly drive growth. We will strengthen our capabilities in two ways:
1. Capital project execution – clear governance, accountability and enhanced capabilities will ensure we are highly disciplined in capital allocation and much stronger in execution
2. Commercial skills – strengthening capabilities and cross-group commercial synergies, with a strong focus on value creation and more strategic partnerships
In respect of the near-term cost opportunity, we will deliver £150 million in annualised cost efficiencies by 2024/25 which reflects simplification of our group functions, procurement and operations including areas such as real estate.
Strengthening our leadership team for a successful future
As part of transforming our culture, we have also strengthened our Group Leadership Team (GLT). We recently appointed Anne Chassagnette as Chief Sustainability Officer, and we are also appointing four new business leads for our four businesses, two of whom are external appointments. Anish Taneja, formerly a €3 billion P&L leader with Michelin will take over as CEO of Clean Air. Anish will also chair the JM cross-group Commercial Council. Alastair Judge, currently interim CEO of Clean Air, will become CEO of our enabling PGM Services business. Jane Toogood, currently CEO of Efficient Natural Resources, will become CEO of Catalyst Technologies. Mark Wilson, formerly of bp amongst others and a highly experienced leader in the energy industry will become the new CEO of Hydrogen Technologies. Christian Günther, an acknowledged leader in transformation, will lead our strategy and transformation work. In addition, the scope of role for our Head of Operations, Ron Gerrard, will be expanded to include all strategic capex, in order to ensure clear accountability for capital projects planning, design and execution. With this mix of new colleagues, and the strong team I inherited, we now have a world-class leadership team capable of driving execution of our strategy at pace and creating significant value.
Disciplined capital allocation to drive success
For the next three years to 2024/25, we expect cumulative capital expenditure to be around £1 billion. This will be focused on our core activities where we have a right to win and need to invest to drive growth: our PGM refineries, Catalyst Technologies and Hydrogen Technologies. We may also consider acquisitions, but we will be highly selective in our approach, with a focus on bolt-on deals to acquire technology or accelerate growth in our core growth businesses. For our shareholders, we will at least maintain and aim to grow the dividend, targeting a c.40% pay-out ratio over the medium term. Our aim is to maintain a strong balance sheet with our target level of net debt to EBITDA of 1.5-2.0 times.
Embedding sustainability into everything we do
JM already has a strong sustainability framework in place, with targets that focus on current and future technologies that we know will be fundamental to addressing the climate challenge. We track progress by measuring the percentage of our sales that come from products that contribute to our four priority UN Sustainable Development Goals (UN SDGs). Further details on our targets can be found in our annual report and accounts.
Strategic milestones to the end of 2023/24
Our strategic milestones will ensure we track and report progress against our plan:
Customers:
- Win at least 2 large scale strategic partnerships in Hydrogen Technologies
- Win targeted Euro 7 business and deliver on £4 billion+ cash trajectory for Clean Air
- Win >10 additional large scale projects by 2023/24 (across Hydrogen Technologies and Catalyst Technologies)
Investments:
- Expand PGM Services refining capacity in China
- Complete construction of Hydrogen Technologies CCM plant in UK to expand our total capacity from 2GW to 5GW
- Targeted capacity expansion (fuel cells catalyst, formaldehyde catalyst)
- Complete divestment of Value Businesses
People: Increase employee engagement score by 1ppt in 2022/23 and 3ppt by 2023/24
Sustainability:
- Achieve c.10% reduction in scope 1+2 CO2e (carbon dioxide equivalent) emissions
- Help customers reduce CO2e emissions by >1mt p.a. through use of our products
Patrick Thomas, Chair, commented:
This has been a very challenging year for Johnson Matthey and our shareholders. We took important and necessary strategic decisions with the business portfolio, with the exit from Battery Materials and divestment of Health. I know many of our stakeholders were very disappointed, but these were essential actions to enable us to focus on attractive, high growth opportunities that have a vital role to play in the acceleration towards net zero. I, the rest of the board and the executive team are determined that we will restore value to our shareholders.
Looking ahead, Johnson Matthey has a strong foundation from which to build and we have delivered a robust set of underlying results in the year. I am delighted to welcome our new Chief Executive, Liam Condon. Liam is a high calibre, proven business leader with considerable experience who brings a strong commercial focus as we leverage our world-class science and scale our growth opportunities. The board and I are pleased that Liam has settled in quickly and is already executing at pace and driving a more performance-oriented culture. We fully endorse the strategy Liam has proposed and look forward to supporting him in executing this to restore and drive value creation for shareholders.
Liam Condon, Chief Executive, commented:
I am delighted to have joined Johnson Matthey and am very excited about the potential of the group. Since joining in March I have completed an in-depth review of the business and strategy, assessing the full range of strategic options. I am very confident and determined that our reinvigorated strategy and planned cultural transformation will deliver value for all our stakeholders.
As the world decarbonises, Johnson Matthey has a pivotal role to play as a global leader in sustainable technologies. The net zero transition is both disrupting existing markets and, at the same time, creating new and bigger markets which depend on Johnson Matthey's technology. By helping our automotive, chemical and energy industry customers to decarbonise, we will unlock tremendous growth potential for Johnson Matthey.
I am deeply impressed by the depth of talent and expertise within Johnson Matthey, but significant change is required to create a simpler, more focused group capable of better execution. We have already started executing at pace and I have taken steps to strengthen my executive team. We will continue to simplify our portfolio, focusing on our core activities and exploiting our leading-edge technologies, supported by our PGMs backbone. I am very confident we will create significant value with a faster paced, more customer-focused culture to become a high-performance leader in our important existing and exciting growth markets.
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SOURCE Johnson Matthey | https://www.kxii.com/prnewswire/2022/05/26/johnson-matthey-catalysing-net-zero-transition-drive-value-creation/ | 2022-05-26T11:13:09Z |
- The Web3 investment firm co-founded by Matt Batsinelas and Bennett Collen has already made over 20 investments while operating in stealth
- The fund aims to invest in 20 additional portfolio companies over the next two years
BOSTON, Aug. 2, 2022 /PRNewswire/ -- Triblock is an investment and advisory firm co-founded in 2019 by Matt Batsinelas and Bennett Collen who connected at their alma mater Boston College.
Matt's background stems from the global crypto trading industry having worked on the business development teams at Flow Traders in Amsterdam and Altonomy in New York City, where he facilitated launches for top token issuers on exchanges such as Coinbase, Binance, and FTX alongside interfacing with hundreds of institutional OTC clients.
Bennett is a serial entrepreneur within Web3 having founded metaverse fashion company Endstate (raised $5.5m) and trademark protection platform Cognate (acquired by GoDaddy). He created and taught the Blockchain at Boston College course.
The fund began deploying in mid-2021 and invests across collaborative financial primitives, institutional tooling, middleware infrastructure, Web3 collectibles, and gaming. The fund has made pre-seed investments in Oncyber (Open Metaverse Infrastructure) and Stader (Liquid Staking).
The firm's seed-stage investments include Ondo (Decentralized Investment Bank), Metaplex (Solana-Incubated NFT Standard), Stardust (Web3 NFT Infrastructure), and Milkomeda (Multichain EVM Layer).
While based in the United States, Triblock has invested in entrepreneurs across 10 different countries. The fund is purely focused on venture investments and does not speculate in the liquid markets. In a competitive venture landscape, Triblock differentiates itself by offering resources to its portfolio companies across business development, company formation, liquidity management, market insights, and strategic planning.
Triblock is a hands-on investment and advisory firm that invests in collaborative financial primitives, institutional tooling, middleware infrastructure, Web3 collectibles, and gaming.
Triblock focuses on founder-first pre-seed and seed-stage ventures across tokens and equity — partnering with the next generation of visionary startups that will disrupt trillion-dollar incumbent industries. The fund is well recognized for its capital markets expertise and global business network within Web3. Founded by Matt Batsinelas and Bennett Collen in 2019, the firm has supported over 20 companies.
For more information, please contact:
pr@triblock.co
Website | Twitter | LinkedIn | Crunchbase
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SOURCE Triblock | https://www.mysuncoast.com/prnewswire/2022/08/02/boston-based-crypto-fund-triblock-comes-out-stealth/ | 2022-08-02T15:50:26Z |
XFL season to kick off on February 18, 2023
Season tickets deposits exclusively available online for all teams at XFL.com/tickets
NEW YORK, July 24, 2022 /PRNewswire/ -- The XFL is excited to announce the cities and venues that its teams will call home, starting with the upcoming season which will kick off on February 18, 2023. The announcement was made this evening by Dany Garcia, Chairwoman and Owner, and Dwayne Johnson, Owner, at an XFL Townhall event hosted at Texas Live! in Arlington, TX and streamed live on the XFL's YouTube page. The XFL's cities and venues, as well as its Head Coach pairings, are as follows:
Beginning tonight, fans can go to XFL.com/tickets to reserve their season tickets, which will provide them with early access to select their seats and purchase tickets before the general public.
"We've had a clear vision for the XFL – the values to instill, the diversity of our leaders, the innovation of the game and how we want to deeply engage with our communities so they can help bring this vision to life. Today, our league takes another step closer to 2023 kickoff as we officially announce where our teams will play," said Dany Garcia, Chairwoman and Owner. "What brings a league to life is the passion of the fandom behind it. In each of these cities we will co-create with our fans and build these teams from the ground up so that they represent the unique fabric of our communities. We welcome all football fans to join us as we get ready for kickoff in February."
"As Dany, Gerry Cardinale and I put pen to paper rebuilding this league, the first thing we identified as one of the most important elements for the XFL to be successful was selecting the iconic cities and venues for our teams," said Dwayne Johnson, XFL Owner. "For each community to join in the rally cries of their chosen team, to support and lift up these players and their families who would be representing each city…THEIR city…we needed to make sure we were including the most important voices in the room - the fans - when making these decisions. We have been working on cool, new logos and innovative uniforms, that match the dynamic and innovative vision of our league. We can't wait to share in the electrifying excitement from fans once they meet their new 'hometown team'. We'll see you at kickoff."
"The common theme amongst our new and returning cities is a shared passion for the game of football," said Gerry Cardinale, Founder and Managing Partner at RedBird Capital Partners. "There is a legitimate demand for spring football in North America. It is our job to deliver a world class football experience both on and off the field and it is our mission to be the #1 Spring League in the world."
"We are incredibly excited to announce our cities and venues and to match each with their Head Coach, many of whom have a personal history in these new home markets," said Russ Brandon, President. "Earlier today we wrapped up our last showcase of the summer in Arlington, with other showcases taking place in D.C. and Orlando last month. I've been extremely impressed with not only the turnout at all of these events, but the level of skill and talent these players exhibited. With our football operations team firing on all cylinders, I'm extremely optimistic about our future and the dynamic football we will deliver to our fans this upcoming spring."
The XFL will kick off on February 18, 2023 in partnership with its new, exclusive broadcast partner, The Walt Disney Company and ESPN.
For more information, visit XFL.com and follow us on Twitter, Facebook, and Instagram.
About XFL
The XFL's ownership group, led by Dany Garcia, Dwayne Johnson, and Gerry Cardinale's RedBird Capital Partners, is building a fan-first, fast-paced global professional football league with innovative rules and enhanced 360 game experience. The XFL will bring entertainment to world class football, with the goal of advancing the game of football and expanding player opportunities when it launches in February 2023.
Media Contact
Jeremy Watkins
jwatkins@hstrategies.com
Dan Gagnier / Lindsay Barber
XFL@gagnierfc.com
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SOURCE XFL | https://www.kxii.com/prnewswire/2022/07/25/xfl-unveils-team-markets-venues-arlington-houston-orlando-las-vegas-san-antonio-seattle-st-louis-washington-dc/ | 2022-07-25T00:34:50Z |
It provides a variety of gifts as well as discounts up to 70% from Aug. 16 to Sep. 18.
SEOUL, South Korea, Aug. 16, 2022 /PRNewswire/ -- The 2022 GobizWEEK 1st is scheduled to be held from Aug. 16 to Sep. 18 by Gobiz KOREA, an online B2B marketplace which is operated by Korea SMEs and Startups Agency, a government agency.
It announced that the event will be held during the same period of the 2022 Korea Accompanying Sale for a week from Sep. 1 through to 7th. The 2022 Korea Accompanying Sale is a large scale promotional event held by the Ministry of SMEs and Startups to help SMEs to promote and sell their products. The official said the concurrent event was planned for the GobizWeek to use a halo effect of the 2022 Korea Accompanying Sale.
GobizWeek, scheduled twice a year (B2C/B2B), is a useful promotion event where overseas buyers can get excellent Korean SMEs' products at discounted prices.
Focused on B2C products, the upcoming campaign to be held this Aug. is planning a large scale promotion including discount benefits and participation events in order to help Korean companies promote various products and win a deal in exports. (B2B product promotion is planned in Oct.)
During the promotion, the overseas buyers who are registering inquiries on their products can get a deal at a discounted price up to 70%. Furthermore, the buyers participating in the survey posted in the promotion page can get freebies including Amazon gift cards by lot.
The official said, "I hope the promotion can serve as a great opportunity for Korean companies to create growth engines, introducing the excellence of Korean products to global buyers."
For more details on the promotion, see the link below.
Gobiz KOREA, a B2B online marketplace, operated by the government agency Korea SMSs and Startups Agency is providing trade support with a high credibility for free in order to offer high quality Korean products fast and easily. It is giving support with realistic services to both importers and exporters, for example, planning a virtual exhibition in line with the untact trend and its trade professionals exploring appropriate products and matching businesses if buyers provide the information on the product they are seeking.
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SOURCE gobizkorea | https://www.mysuncoast.com/prnewswire/2022/08/16/gobiz-korea-is-headed-2022-gobizweek-promotion-global-buyers/ | 2022-08-16T15:04:39Z |
NEW YORK, June 30, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in CareDx, Inc. ("CareDx" or the "Company") (NASDAQ: CDNA) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of CareDx investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of all persons or entities who purchased CareDx common stock between February 24, 2021, and May 5, 2022. Follow the link below to get more information and be contacted by a member of our team:
CDNA investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) defendants had engaged in a variety of improper and illegal schemes to inflate testing services revenue and demand, including pushing a surveillance protocol through inaccurate marketing materials, offering extravagant inducements or kickbacks to physicians and other providers, and improperly bundling expensive testing services with other blood tests as part of the Company's RemoTraC service for remote, home-based, blood-drawing; (2) these practices, and others, subjected CareDx to an undisclosed risk of regulatory scrutiny; (3) these practices rendered the Company's testing services revenue reported throughout the class period artificially inflated; and (4) as a result, defendants' positive statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
WHAT'S NEXT? If you suffered a loss in CareDx during the relevant time frame, you have until July 22, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP | https://www.wibw.com/prnewswire/2022/06/30/cdna-lawsuit-alert-levi-amp-korsinsky-notifies-caredx-inc-investors-class-action-lawsuit-upcoming-deadline/ | 2022-06-30T10:58:22Z |
Total Revenues of $505.1M, up 16% Year Over Year; Subscription Services Revenues of $402.6M, up 18% Year Over Year
PLEASANTON, Calif., June 1, 2022 /PRNewswire/ -- Veeva Systems Inc. (NYSE: VEEV), a leading provider of industry cloud solutions for the global life sciences industry, today announced results for its first quarter ended April 30, 2022.
"It was a great quarter of innovation and deepening our strategic partnership with the industry," said CEO Peter Gassner. "We announced major new innovations, advanced in key areas that will have very positive impacts over the long term, and got the industry back together in person at Veeva Summit. Thanks to our customers for the energy and ideas as we challenge each other in our work to improve the lives of patients."
Fiscal 2023 First Quarter Results:
- Revenues: Total revenues for the first quarter were $505.1 million, up from $433.6 million one year ago, an increase of 16% year over year. Subscription services revenues for the first quarter were $402.6 million, up from $341.1 million one year ago, an increase of 18% year over year.
- Operating Income and Non-GAAP Operating Income(1): First quarter operating income was $127.7 million, compared to $128.4 million one year ago, a decrease of 1% year over year. Non-GAAP operating income for the first quarter was $199.6 million, compared to $181.4 million one year ago, an increase of 10% year over year.
- Net Income and Non-GAAP Net Income(1): First quarter net income was $100.1 million, compared to $115.6 million one year ago, a decrease of 13% year over year. Non-GAAP net income for the first quarter was $159.8 million, compared to $146.9 million one year ago, an increase of 9% year over year.
- Net Income per Share and Non-GAAP Net Income per Share(1): For the first quarter, fully diluted net income per share was $0.62, compared to $0.71 one year ago, while non-GAAP fully diluted net income per share was $0.99, compared to $0.91 one year ago.
"We are starting the year with a strong first quarter and have crossed the $2 billion revenue run rate mark," said CFO Brent Bowman. "Our multiple engines of long-term growth and innovation will continue to fuel strong expansion and customer success well into the future."
Recent Highlights:
- Continued Strength and Growing Opportunity in Veeva Development Cloud — Progress to establish Veeva Development Cloud as the operating system for the product life cycle continued in the quarter. Partnering on this vision, in Q1 a top 20 pharma selected twelve Development Cloud products across clinical, quality, and regulatory as their enterprise standard. Product excellence and customer success are fueling expansion across the customer base and as of Q1, now more than 350 customers have at least two Development Cloud applications. With a long tail of growth ahead, the company is just 15% penetrated in the current $7 billion total addressable market opportunity on the R&D side.
- Veeva Link Expands with New Applications for Real-time Intelligence — Veeva Link expands with four new data applications for commercial and medical teams. This expansion reflects the growing impact and potential of Veeva Link as the platform matures into a powerful foundation to build high-value data applications with speed and quality. Veeva Link also continued its strong growth with new customer wins as well as major enterprise expansions in the quarter.
- Innovating in Data with a Common Architecture for the Industry — With a long-term commitment to bringing better data to the industry, all on a common data architecture, the company announced Veeva Data Cloud, as the overall brand for its growing family of data applications. This includes Veeva OpenData for customer reference data, Veeva Link for real-time intelligence, and Veeva Compass patient, prescriber, and sales data for the U.S. market. With better data on common data architecture sales, medical, and marketing teams can work together in a more coordinated, customer-centric, and compliant way.
- Advancing the Industry to Commercial Excellence — Its first in-person summit of the year, the company brought together more than 1,400 attendees for Veeva Commercial Summit in Boston in early May. One of the largest commercial life sciences gatherings in the world, the event was an important forum for innovation and connection and key to advancing the industry toward commercial excellence. Veeva Summits are fundamental to Veeva's role as a strategic partner in bringing the industry together, fuel Veeva product excellence, and drive customer success.
Financial Outlook:
Veeva is providing guidance for its fiscal second quarter ending July 31, 2022 as follows:
- Total revenues between $529 and $531 million.
- Non-GAAP operating income between $201 and $203 million(2).
- Non-GAAP fully diluted net income per share between $1.00 and $1.01(2).
Veeva is providing updated guidance for its fiscal year ending January 31, 2023 as follows:
- Total revenues between $2,165 and $2,175 million.
- Non-GAAP operating income of about $835 million(2).
- Non-GAAP fully diluted net income per share of approximately $4.16(2).
Conference Call Information
Prepared remarks and an investor presentation providing additional information and analysis can be found on Veeva's investor relations website at ir.veeva.com. Veeva will host a Q&A conference call at 2:00 p.m. PT today, June 1, 2022, and a replay of the call will be available on Veeva's investor relations website.
___________
(1) This press release uses non-GAAP financial metrics that are adjusted for the impact of various GAAP items. See the section titled "Non-GAAP Financial Measures" and the tables entitled "Reconciliation of GAAP to Non-GAAP Financial Measures" below for details.
(2) Veeva is not able, at this time, to provide GAAP targets for operating income and fully diluted net income per share for the second fiscal quarter ending July 31, 2022 or fiscal year ending January 31, 2023 because of the difficulty of estimating certain items excluded from non-GAAP operating income and non-GAAP fully diluted net income per share that cannot be reasonably predicted, such as charges related to stock-based compensation expense and amortization of purchased intangibles. The effect of these excluded items may be significant.
About Veeva Systems
Veeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,000 customers, ranging from the world's largest pharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders and the industries it serves. For more information, visit veeva.com.
Veeva uses its ir.veeva.com website as a means of disclosing material non-public information, announcing upcoming investor conferences, and for complying with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website in addition to following our press releases, SEC filings, and public conference calls and webcasts.
Forward-looking Statements
This release contains forward-looking statements regarding Veeva's expected future performance and, in particular, includes quotes from management and guidance provided as of June 1, 2022 about Veeva's expected future financial results. Estimating guidance accurately for future periods is difficult. It involves assumptions and internal estimates that may prove to be incorrect and is based on plans that may change. Hence, there is a significant risk that actual results could differ materially from the guidance we have provided in this release and we have no obligation to update such guidance. There are also numerous risks that have the potential to negatively impact our financial performance, including as a result of competitive factors, customer decisions and priorities, events that impact the life sciences industry, issues related to the security or performance of our products, the pandemic, issues that impact our ability to hire, retain and adequately compensate talented employees, and general macroeconomic and geopolitical events (including inflationary pressures and impacts related to Russia's invasion of Ukraine). We have summarized what we believe are the principal risks to our business in a section titled "Summary of Risk Factors" on pages 13 and 14 in our filing on Form 10-K for the fiscal year ended January 31, 2022, which you can find here. Additional details on the risks and uncertainties that may impact our business can be found in the same filing on Form 10-K and in our subsequent SEC filings, which you can access at sec.gov. We recommend that you familiarize yourself with these risks and uncertainties before making an investment decision.
Investor Relations Contact:
Ato Garrett
Veeva Systems Inc.
925-271-4204
ir@veeva.com
Media Contact:
Maria Scurry
Veeva Systems Inc.
781-366-7617
pr@veeva.com
Non-GAAP Financial Measures
In Veeva's public disclosures, Veeva has provided non-GAAP measures, which it defines as financial information that has not been prepared in accordance with generally accepted accounting principles in the United States, or GAAP. In addition to its GAAP measures, Veeva uses these non-GAAP financial measures internally for budgeting and resource allocation purposes and in analyzing its financial results. For the reasons set forth below, Veeva believes that excluding the following items provides information that is helpful in understanding its operating results, evaluating its future prospects, comparing its financial results across accounting periods, and comparing its financial results to its peers, many of which provide similar non-GAAP financial measures.
- Excess tax benefit. Excess tax benefit from employee stock plans are dependent on previously agreed-upon equity grants to our employees, vesting of those grants, stock price, and exercise behavior of our employees, which can fluctuate from quarter to quarter. Because these fluctuations are not directly related to our business operations, Veeva excludes excess tax benefit for its internal management reporting processes. Veeva management also finds it useful to exclude excess tax benefit when assessing the level of cash provided by operating activities. Given the nature of the excess tax benefit, Veeva believes excluding it allows investors to make meaningful comparisons between our operating cash flows from quarter to quarter and those of other companies.
- Stock-based compensation expenses. Veeva excludes stock-based compensation expenses primarily because they are non-cash expenses that Veeva excludes from its internal management reporting processes. Veeva's management also finds it useful to exclude these expenses when they assess the appropriate level of various operating expenses and resource allocations when budgeting, planning and forecasting future periods. Moreover, because of varying available valuation methodologies, subjective assumptions and the variety of award types that companies can use, Veeva believes excluding stock-based compensation expenses allows investors to make meaningful comparisons between our recurring core business operating results and those of other companies.
- Amortization of purchased intangibles. Veeva incurs amortization expense for purchased intangible assets in connection with acquisitions of certain businesses and technologies. Amortization of intangible assets is a non-cash expense and is inconsistent in amount and frequency because it is significantly affected by the timing, size of acquisitions and the inherent subjective nature of purchase price allocations. Because these costs have already been incurred and cannot be recovered, and are non-cash expenses, Veeva excludes these expenses for its internal management reporting processes. Veeva's management also finds it useful to exclude these charges when assessing the appropriate level of various operating expenses and resource allocations when budgeting, planning and forecasting future periods. Investors should note that the use of intangible assets contributed to Veeva's revenues earned during the periods presented and will contribute to Veeva's future period revenues as well.
- Income tax effects on the difference between GAAP and non-GAAP costs and expenses. The income tax effects that are excluded relate to the imputed tax impact on the difference between GAAP and non-GAAP costs and expenses due to stock-based compensation and purchased intangibles for GAAP and non-GAAP measures.
There are limitations to using non-GAAP financial measures because non-GAAP financial measures are not prepared in accordance with GAAP and may be different from non-GAAP financial measures provided by other companies. The non-GAAP financial measures are limited in value because they exclude certain items that may have a material impact upon our reported financial results. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by Veeva's management about which items are adjusted to calculate its non-GAAP financial measures. Veeva compensates for these limitations by analyzing current and future results on a GAAP basis as well as a non-GAAP basis and also by providing GAAP measures in its public disclosures.
Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Veeva encourages its investors and others to review its financial information in its entirety, not to rely on any single financial measure to evaluate its business, and to view its non-GAAP financial measures in conjunction with the most directly comparable GAAP financial measures. A reconciliation of GAAP to the non-GAAP financial measures has been provided in the tables below.
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SOURCE Veeva Systems | https://www.wibw.com/prnewswire/2022/06/01/veeva-announces-fiscal-2023-first-quarter-results/ | 2022-06-01T20:29:47Z |
READY, SHAKE, ENTER TODAY!
The Official Vodka Sponsor of the NFL is Calling All Football Fans and Gameday Hosts to
Show Off their Winning Sips
NEW YORK, Sept. 7, 2022 /PRNewswire/ -- Dust off those jerseys and gameday party tricks, because Smirnoff is recruiting for its first-ever Cocktail Coordinator – an honorary position that requires unrivaled passion for the love of football, hosting and gameday cocktails. This season, millions of fans will gather across the country to cheer on their favorite teams, but when the final whistle blows, only one will land "The Best Job in America."
Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9082751-smirnoff-cocktail-coordinator-nfl
Do you find yourself counting down the minutes to Kickoff? Do you serve up the most epic cocktails and delicious bites at your gameday watch parties? Prove it. Enter today at BestJobInAmerica.Smirnoff.com and show the world your most crowd-pleasing, championship-winning Smirnoff vodka cocktail recipe, and you just might score an interview for "The Best Job in America" and the chance to win an all-expenses-paid trip to Super Bowl LVII. Disclaimer: While this isn't an official job at Smirnoff, in a lot of ways it's even better.
"As gameday rituals continue to evolve, we've found that fans are craving and creating experiences that live up to a new 'home-gating' standard – one that's inclusive, celebratory and filled with delicious cocktails," said Jennifer Holiday Hudson, North America brand leader, Smirnoff. "To be the Cocktail Coordinator, we're looking for fans who not only serve the best Smirnoff cocktails but curate the best gameday experience for their friends and families."
Thousands will apply but only one will be named the first-ever Smirnoff Cocktail Coordinator, scoring "The Best Job in America" and board a private plane bound for Super Bowl LVII as Smirnoff's guest of honor. To help recruit for the position, Smirnoff has lined up an all-star roster of celebrity scouts including Emmy-nominated actor, producer and television host Anthony Anderson, NFL Legend Vernon Davis, and American Sportscasters Charissa Thompson and Kay Adams - all starring in a new series of Smirnoff ads that will run nationwide and on Smirnoff YouTube beginning this month.
"For me, gamedays aren't just about what's happening on the field. It's about bringing that extra vibe with the right mix of drinks, food and people," said Anthony Anderson. "Last year was Smirnoff's first season in the game, and we're turning things up even more as we search to find that one special fan who's all about taking gameday to the next level. Because that's what a Cocktail Coordinator does."
In its second year as the Official Vodka Sponsor of the NFL, Smirnoff is partnering with teams across the league and engaging fans at tailgates throughout the season:
- First up, Smirnoff is helping fans celebrate the season Kickoff at the Los Angeles Rams opening game on September 8 at SoFi Stadium, where tailgaters can apply to be the Cocktail Coordinator and some lucky fans will get to enjoy delicious Smirnoff cocktails with Anthony Anderson and Vernon Davis.
- Smirnoff is also taking over the Magic City when the Miami Dolphins take the field at Hard Rock Stadium on October 23 to honor the 50th Anniversary Celebration of the 1972 Perfect Season.
- Finally, Smirnoff will be in Glendale, Arizona, at State Farm Stadium on February 12 for Super Bowl LVII where its first-ever Cocktail Coordinator will be introduced to the world.
Stay up-to-date on the Cocktail Coordinator job search and delicious gameday cocktails all season long at BestJobInAmerica.Smirnoff.com and follow @Smirnoff on Instagram and @SmirnoffUS on Twitter. And no matter if you decide to celebrate Kickoff with our signature Sweet Victory or another Smirnoff cocktail of your choosing, please remember to drink responsibly.
SWEET VICTORY COCKTAIL
- 1.5 oz Smirnoff No. 21
- 1 oz Elderflower syrup
- 0.5 oz Lemon Juice
- 2 oz Club Soda
- Splash of Cranberry Juice (optional)
Method: Add all ingredients, except club soda and cranberry juice, into a shaker filled with ice and shake for about six to eight seconds. Add club soda into shaker and strain into highball glass filled with ice. Add a splash of cranberry juice and garnish.
SMIRNOFF X NFL BEST JOB IN AMERICA CONTEST
NO PURCHASE OF ALCOHOL OR ANY OTHER PRODUCT NECESSARY. U.S. only, 21+. Void where prohibited. Contest Entry Period: 9/7/2022 @ 12:00 a.m. ET - 10/31/22 @ 11:59:59 p.m. ET. To enter: Scan QR Code or access website directly at BestJobInAmerica.smirnoff.com. After age verification, complete entry form and submit a video (30-60 seconds) telling and showing us why you should be the Smirnoff "Cocktail Coordinator." COCKTAIL COORDINATOR IS AN HONORIFIC TITLE AND DIAGEO WILL NOT MAKE AN OFFER OF EMPLOYMENT TO CONTEST GRAND PRIZE WINNER. Video should address your passion for football, hosting parties and making cocktails. (Professional bartenders/alcohol beverage retail license-holders NOT eligible). Video must be truthful, original and cannot violate third party rights. DO NOT CONSUME ALCOHOL IN VIDEO. Videos judged based on expression of passion for and knowledge of football/hosting/cocktail-making as well as alignment with the spirit and values of the SMIRNOFF brand. By entering, you assign all right, title and interest in video to Sponsor. Limit 1 entry per person. Finalist Prize: on 1/29/23 Finalists will compete in Final Round by throwing "home-gating" party in local market to determine Grand Prize Winner. Finalists will be judged in Final Round based on live interview in addition to video. Grand Prize is a trip to Super Bowl® LVII in Glendale, AZ on 2/12/23. Prize forfeited if Finalist or Grand Prize winner not available on date of corresponding event/activity. Guests of Grand Prize winner must be 21+. ALCOHOL IS NOT PART OF ANY PRIZE. See Official Rules at website for full details. Sponsor: Diageo Americas, Inc., New York, NY.
Please Drink Responsibly.
The Smirnoff Co., New York, NY.
© 2022 NFL Properties LLC. All NFL-related trademarks are trademarks of the National Football League. Contest not sponsored or offered by the National Football League.
About SMIRNOFF
Smirnoff has been giving the people what they want since 1864, serving as a catalyst to revolutionize drinking culture across generations: from inventing the Mule and reimagining the vodka martini to creating a cultural mainstay that defines the flavored malt beverage category with the launch of Smirnoff Ice in 2000.
Because the brand is dedicated to the people and their evolving taste preferences, Smirnoff has an option for everyone along with a dedicated history of adding fun to any occasion while keeping diversity and inclusion at the forefront. Truly showing the power of socializing when everyone (21+) is invited to celebrate.
The Smirnoff portfolio offers a variety of options for adults across vodka and flavored malt beverages. Current offerings include foundations in Smirnoff No. 21 Vodka and Smirnoff Ice, a line of flavors in North America and ready-to-serve flavored malt beverages including Smirnoff Seltzer and Smirnoff Ice Smash. From culturally relevant limited editions to new innovations and zero sugar offerings, Smirnoff has always been known for quality and affordability, and prides itself on giving the people what they want.
About Diageo North America
Diageo is a global leader in beverage alcohol with an outstanding collection of brands including Johnnie Walker, Crown Royal, Bulleit and Buchanan's whiskies, Smirnoff, Cîroc and Ketel One vodkas, Casamigos, DeLeon and Don Julio tequilas, Captain Morgan, Baileys, Tanqueray and Guinness.
Diageo is listed on both the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange (LSE: DGE) and their products are sold in more than 180 countries around the world. For more information about Diageo, their people, brands, and performance, visit www.diageo.com. Visit Diageo's global responsible drinking resource, www.DRINKiQ.com, for information, initiatives, and ways to share best practice. Follow on Twitter and Instagram for news and information about Diageo North America: @Diageo_NA.
MEDIA CONTACTS:
Nicole Anastasi
DIAGEO
Nicole.Anastasi@diageo.com
704-796-9992
TAYLOR
Smirnoff@taylorstrategy.com
*This role is not posted on behalf of Diageo. Created for promotional purposes only
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SOURCE Smirnoff | https://www.kxii.com/prnewswire/2022/09/07/smirnoff-is-recruiting-best-job-america-be-first-ever-cocktail-coordinator/ | 2022-09-07T21:01:49Z |
SANTA CLARA, Calif., June 9, 2022 /PRNewswire/ -- TeraWatt Technology, a next-gen lithium-ion battery producer for diverse electrified applications, has announced the completion of Series B funding led by Temasek, a global investment company headquartered in Singapore. Investors from Series A, including Khosla Ventures, JAFCO, and Scrum Ventures participated again in this round. Coral Capital and Daikin joined the Series B round as a new investor.
The investment will accelerate the development and the production of TeraWatt's commercial-grade flagship batteries that combine high energy density with high power density under wider operating temperatures and moderate external pressures. The batteries aim to electrify a variety of automobiles with a longer-driving range, increase the payload and flight-time of advanced drones, and enable emerging applications such as eVTOLs, among others. The batteries with a capacity of 6,800mAh and an energy density of 416Wh/kg have already passed UN38.3* and all the safety test items in IEC62133-2*, conducted by a third party, UL Japan, Inc.
"We are thrilled to move forward, with this Series B funding, to accelerate the development and production of our commercial-grade cells at scale with precision and safety," said TeraWatt Technology founder CEO Ken Ogata, Ph.D. "Importantly, working with world-leading investors who have significant track records in the space would add significant value to our mission, electrifying all for the sustainable future."
About TeraWatt Technology
Based in Santa Clara, California, TeraWatt Technology is a leading producer of next-gen lithium-ion batteries for diverse electrified applications, led by co-founder CEO Ken Ogata and co-founder, finance & strategy lead Kazuma Yamauchi. TeraWatt Technology operates from its Santa Clara headquarters and its subsidiary in Japan with outstanding support from Organization for Small & Medium Enterprises and Regional Innovation (SMRJ). Investors who joined the previous rounds include Mirai Creation Fund II (managed by SPARX Group), In-Q-Tel, and other industry-leading VC firms, and reputable angel investors.
*This does not mean that UL Japan, Inc. guarantees the product's safety or other matters.
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SOURCE TeraWatt Technology Inc. | https://www.wibw.com/prnewswire/2022/06/09/terawatt-technology-completes-series-b-funding-accelerate-pilot-production-its-next-gen-lithium-ion-batteries/ | 2022-06-09T01:25:33Z |
The brand inked agreements for 180+ franchises and renewed over 215 affiliated offices from April-June 2022
DENVER, Sept. 6, 2022 /PRNewswire/ -- RE/MAX, the global real estate franchisor, today announced over 180 new franchise agreements and over 215 renewals were signed worldwide between April and June 2022. This news comes on the heels of recently announced strategic growth initiatives at both RE/MAX, LLC and RE/MAX Holdings, Inc.
One of those initiatives – a renewed focus on conversions, mergers and acquisitions – is designed to help interested brokerages convert to the RE/MAX network or combine with an existing RE/MAX franchise. That's exactly the path Sal Montoya, Broker/Owner of RE/MAX Anela Realty in Tustin, CA, took when he aligned his brokerage with RE/MAX in June. Having once been an agent with RE/MAX, Montoya says he always wanted to return to the brand as a Broker/Owner.
Citing his agents' enthusiasm for affiliating with the balloon as a major draw, Montoya said, "My agents are happy to transition to RE/MAX because they know it means more opportunities to learn and grow. And for our clients, it means more resources for us to provide to them."
Peter Luft, RE/MAX Vice President of Franchise Sales, is excited about the new brokerages that have recently joined the RE/MAX network. He is looking forward to meeting other entrepreneurs who are drawn to the balloon as new state-of-the-art technology and resources roll out. "RE/MAX has a long-established reputation for delivering results, and our most recent announcements are proofpoints that this legacy is alive and well. The newest offering of MAX/TechSM powered by kvCORE consists of incredible technology that will help affiliates market themselves, generate leads, and automate many aspects of their business. We pride ourselves in helping entrepreneurs be extraordinary at what they do."
RE/MAX has a presence in more countries and territories than any other real estate brand. From a single office that opened in 1973 in Denver, Colorado, RE/MAX has grown into a global real estate network with more than 140,000 sales associates in almost 9,000 offices and a presence in more than 110 countries and territories.
For more information about RE/MAX, LLC, a business that builds businesses, visit remax.com. Each office independently owned and operated.
As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 140,000 agents in almost 9,000 offices and a presence in more than 110 countries and territories. Nobody in the world sells more real estate than RE/MAX, as measured by residential transaction sides. RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. RE/MAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children's Miracle Network Hospitals® and other charities. To learn more about RE/MAX, to search home listings or find an agent in your community, please visit www.remax.com. For the latest news about RE/MAX, please visit news.remax.com.
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SOURCE RE/MAX, LLC | https://www.wibw.com/prnewswire/2022/09/06/remax-reveals-strong-franchise-sales-results-high-retention-q2-2022/ | 2022-09-06T13:04:59Z |
- Klaytn will be establishing an Open Permissioned Blockchain (OPB), the Chongqing Chain, on the Blockchain-based Service Network (BSN)
- The BSN is a multi-chain infrastructure network that currently supports 28 blockchain frameworks, 19 portals, and more than 25,000 developers and 3,000 apps.
- Klaytn will provide the blockchain infrastructure and initial nodes, as well as develop early use cases through partnership with Cloud Chain Technology.
- Through this project, Klaytn aims to help developers access new markets and build robust infrastructures for the metaverse.
SINGAPORE, May 16, 2022 /PRNewswire/ -- China, with a GDP of US$17.7 trillion in 2021, is one of the largest economies in the world. Through a series of investments into blockchain, China is building the Blockchain-based Service Network (BSN), for which Klaytn Foundation will be a partner to build the open-permissioned Chongqing Chain.
Klaytn Foundation, an open-source blockchain ecosystem backed by internet giant Kakao Corp, will be contributing their technical expertise and business insights to provide the blockchain infrastructure and initial nodes for the Chongqing Chain, as well as to help develop the early use cases through a partnership with the Cloud Chain Technology.
The BSN is a multi-chain public infrastructure network that aims to be the standard for all blockchain deployments.[1] As of April 2022, BSN supports 28 blockchain frameworks, 19 portals, and over 25,000 developers and 3,000 applications across over 140 virtual data centers around the world.
"We see great synergies in developing the Chongqing Chain in parallel with the Klaytn mainnet, as it would make it possible for Klaytn developers to plug in to the China blockchain network, providing an entry into the massive China market, and vice versa for Chinese developers looking to go global. Being in China will also help us to develop diverse use cases to bring about the mass adoption of blockchain, strengthen the Klaytn ecosystem and help us in building robust infrastructures to support the development of metaverses," said David Shin, Head of Global Adoption at Klaytn Foundation.
"Following Klaytn's integration to the BSN International earlier this year, we are excited to further strengthen the partnership by introducing the permissioned version of Klaytn, Chongqing Chain, to the Chinese market to support use cases related to NFT, metaverse, gaming and beyond", said Yifan He, CEO of Red Date Technology and Executive Director of the BSN Development Association.
"We are very pleased to cooperate with Klaytn, and believe that with the support of Klaytn network's innovation, security and scalability, the Chongqing Chain will provide developers with new technical solutions to enable a wide range of application scenarios. With the completion of the Chongqing Chain, it will become one of the OPBs on the BSN-DDC Network that will be attractive to enterprise users due to its low cost, availability in the process of technology implementation and ease of use," said Xia Yong, CEO of Chongqing Cloud Chain Technology.
First projects on the chain will include Meta Tel, a decentralized Social Networking Service (SNS) that provides better data privacy and user-centric data, and minting of notable Chongqing and Korean IPs via the Chongqing Chain Distributed Digital Certificate (DDC), which is similar to the technology behind Non-Fungible Tokens (NFTs).
About Klaytn Foundation
Klaytn Foundation is a non-profit organization that was established to accelerate global adoption and ecosystem maturity on Klaytn. The foundation manages the US$500m Klaytn Growth Fund and operates alongside Krust, the holding company for all overseas ventures of internet giant Kakao Corp.
About Blockchain Service Network (BSN)
The BSN is a cross-cloud, cross-portal, cross-framework global infrastructure network used to deploy and operate all types of blockchain DApps. BSN aims to change the existing problem of the high cost of developing and deploying blockchain applications by, just like the internet, providing public resource and interoperability environments to developers. In this way, the development and universal adoption of blockchain technology can be largely accelerated.
About Cloud Chain Technology
Cloud Chain Technology originated in 2016. It is a high-tech enterprise with global blockchain technology application development as its main direction. The company is composed of senior entrepreneurs and top blockchain IT professionals, mainly engaged in relevant blocks The development and customization of the operating system of the chain technology, the design and production of the landing application of the blockchain scene. The research and development of the Chongqing Chain is under construction. Alliance chain and data chain have been independently completed. The company's main blockchain Technology development, technical support, and technical services are committed to applying blockchain technology to all walks of life.
Media Contact
Aaron Koh
Head of Marketing, Klaytn Foundation
Email: aaron.koh@klaytn.foundation
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SOURCE Klaytn Foundation | https://www.kxii.com/prnewswire/2022/05/17/enter-economic-giant-klaytn-power-chongqing-chain/ | 2022-05-17T04:08:15Z |
ANN ARBOR, Mich. , June 14, 2022 /PRNewswire/ -- BioVigil, a leader in electronic hand hygiene solutions, announced today the availability of VigilMax™ Analytics – the most agile and granular data platform available in an electronic hand hygiene solution. VigilMax™ Analytics solves the problem of hunting for the data hospitals want, managing and marrying different spreadsheets, reformatting data and charts and wasting time doing data entry for items that should already be standardized.
VigilMax™ Analytics provides quick access and to your organization's BioVigil and integrated systems activity, allowing you to view and analyze a wealth of data related to hand hygiene. Details about hand hygiene opportunities (HHO's), room entries and exits, time spent in rooms and instances of cross contamination are a click away. The ease of access and ability to drill down to the smallest data point supports Data Scientists, Infection Prevention, Quality and Compliance Leaders, and Clinical Leaders in countless scenarios, including Outbreaks. Data is easily exported for additional analysis and can be used to create graphs or be combined with other data sets.
Shawn Elkin, Infection Prevention Manager at Kaweah Health, described VigilMax™ Analytics as making hand hygiene attractive. He explained, "Hand hygiene monitoring can be evaluated at a macro- and micro-level working from department down to specific room entries, empowering managers to act and react using objective data, rather than simply sharing opinions to effect necessary change."
Sanjay Gupta, President and CEO at BioVigil, is pleased VigilMax™Analytics provides what customers really need when it comes to analytics. "When we started discussing with customers, it was exciting to see their eyes light up at the new capabilities we are providing for the entire staff. Typically, a system of this caliber is only used by data scientists or analysts, but we've been able to create a user-friendly version that is attractive to all hospital staff."
VigilMax™ Analytics is available now and included in all subscriptions of BioVigil's Electronic Hand Hygiene Solution.
About BioVigil:
BioVigil is a leader in electronic hand hygiene monitoring. Innovating since 2012, BioVigil uses technology to increase hand hygiene compliance in healthcare facilities resulting in decreased healthcare acquired infections (HAIs), improved patient engagement, accessibility to data insights provider teams need, and improved Leapfrog Group grades. Learn more at https://biovigil.com/
Press Contact:
Amanda Holdan-Sinisi
amanda@biovigil.com
248-533-166
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SOURCE BioVigil | https://www.kxii.com/prnewswire/2022/06/14/biovigil-announces-vigilmax-analytics-robust-agile-flexible-analytics-platform-available-an-electronic-hand-hygiene-solution/ | 2022-06-14T12:47:38Z |
Philadelphia woman teaching next generation of stylists with junior beauty boot camp
By Jan Carabeo
Click here for updates on this story
PHILADELPHIA (KYW) — It’s a boot camp unlike many others — and it’s not about breaking a sweat. It’s about making people beautiful and was developed by a small business owner who wants to reach the next generation.
The Beaute Box Salon is located in West Oak Lane and owner Lauren B is taking the time out of her busy day to teach the next generation of stylists.
It’s part of a new Beauty Boot Camp for kids 8 to 17 years old.
And if you think they’re too young to know what they want to do with their lives, think again.
“It’s my dream to do hair, makeup and nails,” said 9-year-old Kyleigh Reid.
“I knew what I wanted to do my whole life,” Lauren said. “Not only did I want to be a hairstylist, I wanted to be a business owner.”
But, growing up, before Lauren went to college for business and beauty school for her cosmetology license, she had to teach herself.
“There were no programs for hair and that’s what made me come up with the idea for Beauty Boot Camp,” Lauren said. “I wanted to give back to the community and teach the girls all the things I didn’t get to learn.”
Starting the last weekend in May, Ms. Lauren – as she’s known to her students – will launch her junior boot camp.
She’ll teach the skills, and the students will get to take home a full beauty kit. The kit is complete with a mannequin head and flat irons.
“When they leave here, they are masters. They know everything,” Lauren said.
“Thanks, dad -if he sees this,” former student Ray’ven Roberts said. “He found Ms. Lauren for me, put me in the boot camp and I loved it.”
Some of Ms. Lauren’s former students are so popular now, they can’t even fit their teacher in for an appointment but that’s a joyful problem to have.
“It’s a huge deal,” Lauren said. To see my girls leave my program and actually become successful entrepreneurs, it’s amazing. Just to know that I built them up to what they’ve become today, it’s amazing.”
They are following a passion just like Ms. Lauren did and ending up with a livelihood that makes you feel something even the youngest can explain.
“Happy. Excited,” 8-year-old Abbi Washington said.
Now, Lauren B’s Junior Beauty Boot Camp is already filling up fast.
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/news/2022/04/19/philadelphia-woman-teaching-next-generation-of-stylists-with-junior-beauty-boot-camp/ | 2022-04-19T16:14:38Z |
The month-long event celebrates the most influential women and moments in sports over the fifty years of Title IX
NEW YORK, June 1, 2022 /PRNewswire/ -- The Paley Center for Media today launched ESPN Fifty/50: Honoring the Stories of Title IX, an exploration of the rise of women in sports coinciding with the fiftieth anniversary of Title IX, the law that leveled the playing field for women in sports and paved the way for a new generation of female sports leaders. ESPN Fifty/50 runs through July 10, 2022.
Featuring unforgettable moments of struggle and triumph, ESPN Fifty/50 features iconic athletic attire, photography, and video from women's sports over the last fifty years, including from tennis great Serena Williams, pioneering professional race car driver Danica Patrick, Olympic fencer Ibtihaj Muhammad, track star Wyomia Tyus, the trailblazing 1976 Yale women's crew team, the champion U.S. Women's National Soccer Team, the women of the WNBA, and many other women's sports stars. ESPN Fifty/50 includes examples of the actual outfits these athletes wore and the gear they used, including Serena Williams's 2018 US Open "Tutu," pioneering racecar driver Danica Patrick's fire suit, and a racket used in competition by tennis and equality icon Billie Jean King.
"We are proud to present these impactful and inspirational stories of challenge and triumph in partnership with ESPN here at The Paley Center," says The Paley Center president and CEO Maureen Reidy. "Thanks, in great measure to Title IX, women are now headliners throughout sports media and in sporting venues worldwide, avidly followed by legions of fans. We are thrilled to join with ESPN in presenting this most important exhibit."
Laura Gentile, Executive Vice President, Marketing, Disney Networks & ESPN said, "Our team has assembled an exceptional collection of artifacts, memorabilia, photography, and footage to help tell the story of the transformational impact of Title IX. The Paley Center for Media, in the heart of NYC, is the perfect venue for an exhibit celebrating the fight for equality."
ESPN has created an immersive experience that brings to life the stories of the female athletes who served as vital agents of change in the fight for equality over the last fifty years and continue to lead the way towards full equality for women in all fields.
ESPN Fifty/50 opens with a June 1 private red-carpet event featuring the world premiere of ESPN's four-part docuseries "37 Words" from acclaimed directors Dawn Porter and Nicole Newnham, which tells the inspiring story of Title IX the hard-fought battle to push for equal rights in education and athletics; the decades-spanning effort to nullify its impact; and the rippling impacts of the landmark civil rights law that continue to resonate today.
On Friday, June 24 at 5:00 pm, The Paley Center will host a recording of the ESPN podcast "Laughter Permitted with Julie Foudy" in front of a live audience, on the impact of Title IX with host and soccer legend Julie Foudy in conversation with two former Women's Sports Foundation presidents, Angela Ruggiero and Phaidra Knight. Ruggiero is an Olympic ice hockey gold medalist and Knight is a Hall of Fame rugby player and current MMA fighter.
During ESPN Fifty/50, there will be daily screenings of Paley Archive content connected to key moments in women's sports.
The Paley Center invites its Members to the ESPN Fifty/50 opening cocktail reception on Thursday, June 2 at 6:00 pm.
ESPN Fifty/50: Honoring the Stories of Title IX runs from June 1 to July 10, 2022.
The Paley Center for Media, a 501(c)(3) nonprofit organization with locations in New York and Los Angeles, leads the discussion about the cultural, creative, and social significance of television, radio, and emerging platforms. Drawing upon its curatorial expertise, an international collection, and close relationships with the leaders of the media community, the Paley Center examines the intersections between media and society.
The Paley Center's premier programming can be viewed on the Paley Center's YouTube channel and the Paley Center's Facebook page. The public can access the Paley Center's permanent media collection, which contains over 160,000 television and radio programs and advertisements and participate in programs that explore and celebrate the creativity, the innovations, the personalities, and the leaders who are shaping media.
Through the global programs of its Media Council and International Council, the Paley Center also serves as a neutral setting where media professionals can engage in discussion and debate about the evolving media landscape. Previously known as The Museum of Television & Radio, the Paley Center was founded in 1975 by William S. Paley, a pioneering innovator in the industry.
For more information about the Paley Center and to learn about the Paley Center's acclaimed programming, please visit www.paleycenter.org.
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SOURCE The Paley Center for Media | https://www.wibw.com/prnewswire/2022/06/01/paley-center-media-hosts-espn-fifty50-honoring-stories-title-ix/ | 2022-06-01T18:55:14Z |
PCORI and CZI awards lay foundation for game-changing growth and research momentum
PALO ALTO, Calif., May 12, 2022 /PRNewswire/ -- A Foundation Building Strength (AFBS), a 501©3 non-profit has been approved for two major awards that will significantly benefit the Nemaline Myopathy (NM) community:
- The Chan-Zuckerberg Initiative (CZI) has awarded AFBS a three-year, $600,000 grant to develop a patient-led collaborative research network, with a key focus on improving diagnosis and diversity, equity, and inclusion within the disease area
- The Patient-Centered Outcomes Research Institute (PCORI) awarded AFBS a two-year, $248,646 award through the Eugene Washington PCORI Engagement Awards program. Funds will support efforts to build community capacity and build toward patient-centered outcomes research in NM
Marc Guillet, Executive Director and co-founder of AFBS, will lead both projects, along with AFBS Scientific Director Gustavo Dziewczapolski.
Activities included in these projects include:
- Building a patient-led network
- Recruiting 75 families to partner in 10 webinars over the course of two years
- Working with diverse NM stakeholders to launch efforts that address the affected community's most urgent concerns
- In-person gatherings, including a Scientific and Family Conference in Nashville, TN (6/30 - 7/3/22)
"I'm excited that we have the opportunity to build meaningful momentum in NM research, incorporating the most valuable factor in the work we do: our community members," says Guillet. "I'm eager to work more closely with families around the world over the next two years."
PCORI is an independent, nonprofit organization authorized by Congress in 2010 to fund comparative effectiveness research that will provide patients, their caregivers, and clinicians with the evidence needed to make better-informed health and healthcare decisions.
The Chan Zuckerberg Initiative was founded in 2015 to help solve some of society's toughest challenges. AFBS is one of only 20 organizations selected for this year's competitive CZI "Rare As One" network.
A Foundation Building Strength was founded in 2008 by two Palo Alto parents of a child affected by Nemaline Myopathy (NM), a rare congenital condition causing incurable muscle weakness. Many people with NM can't breathe, swallow, speak, or walk on their own. AFBS is the largest organization that operates solely to advance research of NM and support families affected by it. AFBS works to create a fully functioning NM ecosystem, where researchers, clinicians, and the affected community supports each other to ease the NM burden and advance research.
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SOURCE A Foundation Building Strength | https://www.kxii.com/prnewswire/2022/05/12/palo-alto-non-profit-receives-two-significant-multi-year-awards-capacity-building-network-building/ | 2022-05-12T14:52:58Z |
Financial results to be released after market close;
Conference call to be conducted at 5:00 pm ET
PHOENIX, May 5, 2022 /PRNewswire/ -- SenesTech, Inc. (NASDAQ: SNES) will report financial results for its first quarter 2022, ended March 31, 2022, after the market close on Thursday, May 12, 2022. The Company has scheduled a conference call that same day, Thursday, May 12, 2022, at 5:00 pm ET, to review the results.
First Quarter 2022 Conference Call Details
Date and Time: Thursday, May 12, 2022, at 5:00 pm ET
Call-in Information: Interested parties can access the conference call by dialing (844) 308-3351 or (412) 317-5407.
Live Webcast Information: Interested parties can access the conference call via a live webcast, which is available in the Investor Relations section of the Company's website at http://senestech.investorroom.com/.
Replay: A teleconference replay of the call will be available for seven days at (877) 344-7529 or (412) 317-0088, replay access code 6656470. A webcast replay will be available in the Investor Relations section of the Company's website at http://senestech.investorroom.com/ for 90 days.
About SenesTech
We are "The Pest Control Difference" for the 21st century. We are rodent fertility control specialists fueled by our passion to create a healthy environment by virtually eliminating rodent pest populations. We keep an inescapable truth in mind: 2 rats and their descendants can be responsible for the birth of up to 15,000 pups in a year. We invented ContraPest, the only U.S. EPA-registered contraceptive for male and female rats. ContraPest fits seamlessly into all integrated pest management programs, greatly improving the overall goal of effective rat management. We strive for clean cities, efficient businesses, and happy households – with a product that was designed to be effective and sustainable without killing rats. At SenesTech, we don't just eliminate rats. We make a better world.
For more information visit https://senestech.com/ and https://contrapeststore.com.
Safe Harbor Statement
The foregoing paragraphs contain forward-looking statements that involve estimates, assumptions, risks and uncertainties. Any statements about our expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. "Forward-looking statements" may be preceded by words such as "may," "future," "plan" or "planned," "will," "should," "expected," "anticipates," "continue," "eventually," "believes," or "projected." Forward-looking statements include statements concerning the potential impact and effects of the COVID-19 pandemic on the Company's business, results of operations and financial performance; any measures the Company has and may take in response to COVID-19 and any expectations the Company may have with respect thereto; the Company's strategy and target marketing and markets; continuing the Company's vision; expected benefits of the Company's initiatives and continuation of those initiatives; deployment of the Company's product; the continuation or expansion of the use of ContraPest; demand for ContraPest; the Company's expectation regarding costs, expenses and cash and continuing its cost improvement plan; future financial results; and the Company's execution of its strategic business plan.
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SOURCE SenesTech, Inc. | https://www.wibw.com/prnewswire/2022/05/05/senestech-report-first-quarter-2022-financial-results-thursday-may-12-2022/ | 2022-05-05T21:50:38Z |
Amazon is heading into its annual Prime Day sales event on Tuesday much differently than how it entered the pandemic.
The company has long used the two-day event — one of its biggest all year — to lure people to its Prime membership, for which Amazon recently raised the price to $139 a year from $119 a year.
Amazon doesn’t disclose total Prime Day sales, though research firm Insider Intelligence suggests sales could climb to about $7.76 billion in the U.S. alone — or 16.8% over last year — in part because of the event’s mid-July timing, which compared to last year’s June date would allow the company to capture more consumers doing back-to-school shopping.
Amazon could use the boost amid a slowdown in overall online sales. Once the darling of the pandemic economy, the company posted a rare quarterly loss in April as well as its slowest rate of revenue growth in nearly two decades — at 7%. Inflation had added roughly $2 billion in costs.
Amazon also acknowledged it had too many workers and expects its excess capacity from its massive warehouse expansion during the pandemic to total $10 billion in extra costs for the first half of this year.
“It’s causing pain at the moment, and that pain is considerable,” said Neil Saunders, the managing director of GlobalData Retail.
It’s quite a reversal from the early days of the pandemic when the e-commerce giant’s profits soared as homebound shoppers turned to online shopping to avoid contracting the coronavirus. The demand was so high that Amazon nearly doubled its workforce in the last two years to more than 1.6 million people.
It also increased its warehouse capacity to match the avalanche of orders flooding its site. By the end of 2021, Amazon had leased and owned roughly 387.1 million square feet of space for its warehouses and data centers — more than double what it reported in 2019.
Then, the worst of the pandemic eased. Americans felt more comfortable leaving their homes, and demand also slowed across the board. The retail sector’s online sales growth in the U.S., which spiked to 36.4% in 2020, returned to more normal growth in 2021 and 2022, clocking in at 17.8% and 9.4% respectively, according to Insider Intelligence.
Retail sales figures for June, due to be released Friday, will shed more light on how e-commerce is faring. The most recent figures from May showed online sales falling 1% while overall retail sales declined 0.3% from April amid skyrocketing inflation.
“This is a period of time when consumers are being much more frugal thinking about how they’re spending and buying,” said David Niekerk, a former Amazon vice president of human resources who oversaw operations. “That’s having an impact on Amazon.”
Brian Olsavsky, the company’s chief financial officer, has said many of Amazon’s warehouse expansion decisions were made as far back as two years ago, limiting what the company can do to adjust midyear. That said, Amazon will spend less on warehouse projects this year compared to last, and transportation investments will be flat to slightly down.
Saunders said the excess capacity is likely to be a short-term problem for Amazon, which he points out has continued to take steps to grow its retail business and draw more sellers to its service. In April, it announced it will extend the benefits of a Prime subscription to online stores beyond its own site, a move that will allow merchants to tap into the company’s vast fulfillment and delivery networks.
To fix its warehousing woes, CEO Andy Jassy said in May the company was going to let some of its leases expire and defer construction on others. Amazon is also subleasing warehouses to cut costs.
Preliminary data from the real estate marketplace provider Costar Group suggests the company is disproportionately shutting down its smaller facilities, which tend to have fewer loading docks and parking and are less efficient to operate, said Adrian Ponsen, Costar’s U.S. director of Industrial Analytics.
Still, closures are already creating issues. A handful of workers at an Amazon delivery station in Bellmawr, New Jersey recently walked off the job to protest transfers to other sites after Amazon decided to shutter the facility.
Paul Blundell, an Amazon worker who led the walkout, said some workers wanted to transfer to nearby facilities after being asked to go to sites as far as 20 miles away. They also wanted a $1 hourly raise to make up for the disruption. Meanwhile, the company says employees are being given the opportunity to transfer to other sites with better perks.
Amazon signaled its other problem — overstaffing — emerged after onboarding new hires to fill in for workers who were sick when the omicron variant swept the nation last year. But when the sick workers returned, Amazon had too many people, adding roughly $2 billion in costs. That’s a far cry from last year, when the company boosted pay to $18 to attract hourly workers in a tight labor market.
The issue might be solved naturally by the company’s high attrition rate. Saunders said Amazon is also likely to find use for the excess labor as the holidays approach, and might be able to rein in the problem by not hiring new workers in locations where they’re overstaffed.
However it happens, analysts are closely watching how Jassy will attempt to right the ship. A few weeks ago, he tapped Doug Herrington, a 17-year Amazon veteran, to replace Dave Clark, the former head of Amazon’s retail business who unexpectedly resigned last month after 23 years at the company.
Amazon stock has tumbled this year, dropping roughly 39% year-to-date. And Jassy is under the gun to bring back profitability, Nieker said.
“He made a commitment to shareholders and others that he’s going to really focus now on getting back to profitability in the company,” Nieker said. “And a big part of that is the consumer business.” | https://cw33.com/technology/ap-technology/amazon-prime-day-comes-amid-slowdown-in-online-sales-growth/ | 2022-07-12T14:27:45Z |
A court in Moscow sentenced a municipal council member to seven years in prison Friday for his remarks opposing the war in Ukraine. The unprecedented sentence raises the stakes for Kremlin critics in Russia who speak out against Moscow’s invasion of its ex-Soviet neighbor.
Alexei Gorinov was found guilty of spreading “knowingly false information” about the Russian military, an offense that carries a maximum sentence of 15 years in prison under a law the Russian parliament rubber-stamped a week after the Kremlin sent troops into Ukraine.
The 60-year-old member of Moscow’s Krasnoselsky municipal council is the first person sentenced to serve time behind bars for a conviction on that charge, according to Net Freedoms, a legal aid group focused on free speech cases.
The two other convictions so far led to a fine and a suspended sentence, the group said. Gorinov, who was arrested in April, is the first elected representative to face charges under the wartime law.
Gorinov criticized Russia’s military actions in Ukraine at a municipal council meeting in March. A video available on YouTube shows him voicing skepticism about holding a planned children’s art competition in his constituency while “every day children are dying” in Ukraine.
Photographs published by Russian media of a Friday court hearing showed Gorinov behind inside a glass-walled defendant’s dock and holding up a sign that read, “Do you still need this war?” A bailiff tried to cover the sign with his hands.
When President Vladimir Putin ordered the Feb. 24 invasion of Ukraine, a massive wave of outrage and antiwar sentiment swept Russia. Thousands of people protested on the streets of Moscow and St. Petersburg daily, and hundreds of thousands signed online petitions opposing the attack.
The Kremlin insisted that what it called a “special military operation” in Ukraine had overwhelming public support, and moved swiftly to suppress any criticism. Thousands of protesters were arrested, and dozens of critical media outlets were shut down.
Individuals who spoke out publicly against the invasion or accused Russian troops of committing atrocities in Ukraine have been targeted under the new legislation, which outlawed the spread of “false information” about the invasion and disparaging the military.
As of Friday, Net Freedoms had counted 68 criminal cases involving false information charges and at least 2,000 misdemeanor cases for the alleged disparagement of the Russian military.
Gorinov refused to plead guilty, and he denounced the invasion again while giving his closing statement in court on Thursday.
“For five months, Russia has been carrying out hostilities, coyly calling them a special operation. We’re being promised a victory and glory. Why, then, are a large part of my compatriots feeling shame and guilt?” Gorinov said. “I am convinced that a war is the fastest way to dehumanization, when the line between good and evil fades. It is always death, I don’t accept it and reject it.”
Bruce Millar, Amnesty International’s Eastern Europe and Central Asia deputy director, called the sentence handed to Gorinov “shocking.”
“It is an unlawful reprisal for expressing his views, and not the administration of justice,” Millar said in a statement. The council member “did not commit any internationally recognized crime by calling the war unleashed by Vladimir Putin on Ukraine what it is, a criminal war.”
Political analyst Tatyana Stanovaya, the founder of the R.Politik think tank, said Gorinov’s seven-year sentence took a “special political decision” and that his case stood out because he aired antiwar views while speaking as a public official at a council meeting.
“The sentence is a defiantly and emphatically cruel warning to all: ‘Dissent, you will all land behind bars for a long time if you combine antiwar rhetoric with political activity,” Stanovaya wrote on Telegram.
___
Follow AP’s coverage of the Russia-Ukraine war at https://apnews.com/hub/russia-ukraine | https://cw33.com/news/international/ap-international/russia-hands-down-first-prison-term-for-anti-war-remarks/ | 2022-07-09T01:38:02Z |
Meet the Addmotor M-360 e-trike's 2023 version. The upgrade applies UL verified EB 2.0 electric system and accessories, ensuring a longer range and more comfortable & safer riding.
Upgrades of Addmotor EB 2.0 M-360 Electric Trike
EL MONTE, Calif., Aug. 18, 2022 /PRNewswire/ -- Addmotor, an e-bike brand specializing in electric bicycles and electric trikes, has debuted its EB 2.0 M-360 Electric Trike model on its website with upgrades to the battery, lighting, control, and integrated systems and some mechanical parts. Debuting new army green and purple color options, the M-360 is not only more stylish, but also more comfortable & safer. On top of that, EB 2.0 M-360 e-trike is equipped with the world's first 48V*20Ah UL-certified battery pack. It can ensure an estimated maximum range of 85 miles with PAS1 mode (8 MPH), which extends the range of any Motan electric tricycle series by approximately 73%, depending on the riding factors.
EB 2.0 M-360 model lighting system consists of a 40-lumen headlight and a multi-functional taillight. These components together can ensure a visible distance of 200 meters & a 360° side view while also meeting the IP standard of IPX5 for waterproof & water-resistant performance at any direction. Specifically, the taillight applies the MUC chip and ultrasonic welding technology, showing danger, driving, flashing, braking, and left & right turning signals.
The uneven button control design and multi-functional LCD display are upgraded to the integrated system.
"By interacting with each of the different shaped buttons on the handlebar switch, the rider can easily control the e-trike's ride and view riding information through the display, such as battery usage, riding mileage, current/average/max riding speed, lighting usage, PAS mode level, current motor wattage, etc.," said Addmotor's founder & designer. "This makes the ride more convenient and safer."
The control system is more accurate and efficient. The EB 2.0 25A controller is upgraded to a chip type, which simplifies the various circuit design and improves the stability of the system to achieve a fast, efficient & accurate command control. The EB2.0 750W motor with a newer inner ring has a lower sound and better heat dissipation performance to maximize the use of electrical energy into kinetic energy.
Recap the Addmotor M-360 2022
Looking back at the first version of the M-360, it runs on 48-Volt system with 17.5Ah battery which can last up to 55 miles with PAS1 mode. Powered by EB 2.0 battery in its new generation, Addriders can go further and ride longer. In addition, in the 2022 collection of Addmotor M-360 etrike, its lighting system has less functions, such as left & right turn signals are not included in rear light. The original version M-360 model comes with a semi-recumbent design, suitable for those with back pain or limited mobility. The M-360 e-trike's 2023 version maintains the design which answers the needs of the handicapped and riders with back pain. The backrest can be adjustable to fit different riders with different heights for more comfort.
About Addmotor
Addmotor is one of the top e-bike brands producing electric tricycles in the United States. For more than a decade, it has been known for continuously designing and manufacturing high quality electric tricycles for its customers. The EB 2.0 M-360 model is particularly made for those who value longer riding range & comfort or those with back pain or limited mobility. For more information about the EB 2.0 M-360 Semi-Recumbent Electric Trike, please visit addmotor.com.
Media Contact:
+1-888-660-0868
pr@addmotor.com
https://www.addmotor.com/
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SOURCE Addmotor Electric Bike | https://www.wibw.com/prnewswire/2022/08/19/addmotor-eb-20-m-360-electric-trike-extends-riding-range-amp-comfort/ | 2022-08-19T11:34:10Z |
Upscale, Fast Casual Dining Powerhouse with House-Crafted Menu to Open in College Station
COLLEGE STATION, Texas, Aug. 22, 2022 /PRNewswire/ -- Capriotti's Sandwich Shop, known for its award-winning, hand-crafted cheesesteaks, turkey subs and more, will debut a new location in College Station at 505 University Dr. E on August 22. Capriotti's will bring the College Station community its 45-year tradition of slow-roasting whole, all-natural turkeys in-house and hand-pulling them every morning. Other favorites include made-from-scratch meatballs, all made with fresh, premium ingredients.
Capriotti's is known for its wide array of sandwiches including 'The Bobbie®,' made with fresh oven-roasted turkey, cranberry sauce, stuffing and mayo; 'The Capastrami,' made with hot pastrami, Swiss cheese, Russian dressing and homemade coleslaw; and cheesesteak varieties made with premium steak, chicken or Impossible™ plant-based meat with melted cheese and peppers. The College Station Capriotti's will offer a convenient order-ahead option, in addition to third-party delivery services. The new shop will also provide over 20 new jobs to the College Station community.
The new location is owned and operated by four friends and entrepreneurs; brothers Josh and Roman Cohea, and cousins Bobby Byford and Lance Denley. The four met while growing up together, and have always talked about owning their own business. While Josh, Roman, and Bobby are currently private contractors for the military, Lance saw the potential in Capriotti's and brought it to his friends. Determined to make their dream of working together come true, the four are excited to begin this new endeavor that will provide a strong future for them and their families.
"Three of us have lived in Las Vegas for a number of years and are familiar with the brand," said Roman. "It was when Lance advanced the idea and said, 'how about Capriotti's?' all three of us immediately responded with 'absolutely.' We were avid customers of Capriotti's, and we figured if we were going to do this, might as well do it with the best. There's a reason that Capriotti's was voted the best sandwich in America, and we hope College Station will fall in love with Capriotti's just like we did."
College Station Capriotti's fans can download the CAPAddicts Rewards app on iOS and Android to earn and redeem rewards—the most valuable of course being free, delicious subs and salads. The restaurant also features online ordering. Capriotti's in College Station offers catering for any event - from corporate functions to birthday parties - with items such as party trays with cold subs, box lunches, or a hot homemade meatball bar.
Capriotti's is open from 10 a.m. to 9 p.m. Sunday – Wednesday, and 10 a.m. to 11 p.m. on Thursday – Saturday. For additional information, visit www.capriottis.com or call the location at 979-800-5150.
About Capriotti's Sandwich Shop
Founded in 1976, Capriotti's Sandwich Shop is an award-winning national franchised restaurant chain that remains true to its 40-year tradition of slow-roasting whole, all-natural turkeys in-house every day. Capriotti's cold, grilled, and vegetarian subs, cheesesteaks and salads are available at more than 125 locations across the United States. Capriotti's signature sub, The Bobbie®, was voted "The Greatest Sandwich in America" by thousands of readers across the country, as reported by AOL.com. Capriotti's fans can also download the CAPAddicts Rewards app for iOS and Android, where they can earn and redeem rewards. Capriotti's plans to grow to over 500 locations by 2025 and was ranked on Fast Casual's Top Movers & Shakers List each of the last two years (2020-21). For more information, visit capriottis.com. Like Capriotti's on Facebook, follow on Twitter or Instagram.
Media Contact: Tyler Scheuermann, Fishman PR | tscheuermann@fishmanpr.com | 847-945-1300 ext. 272
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SOURCE Capriotti's Sandwich Shop | https://www.kxii.com/prnewswire/2022/08/22/four-friends-bring-beloved-sandwich-shop-college-station-first-three-locations-open/ | 2022-08-22T17:54:28Z |
(The Hill) — The Congressional Black Caucus is requesting to meet with the head of the “Sesame Street”-themed amusement park, Sesame Place, after a video that showed a costumed character ignoring two young Black girls went viral.
“Sesame Street is one of the nation’s highest-rated TV shows that, at one time, more than 95 percent of all American Preschoolers watched,” the caucus said in a release Saturday. “So, naturally, Sesame Place should be where all children can go to have fun and celebrate. Sadly, that has not been the case.”
The mother of the two girls posted the video on Instagram earlier this week, showing the character “Rosita” giving high-fives as they walk in a parade but appearing to wave off the two girls.
The mother wrote that the character then hugged a white girl immediately thereafter. The video has received more than 880,000 views as of Saturday afternoon.
The caucus, led by its chairwoman, Rep. Joyce Beatty (D-Ohio), said it wants to meet with Park President and General Manager Cathy Valeriano to discuss changes, plans of action and training that the park plans to implement. The statement recognizes that Sesame Place has issued a formal apology but states that the caucus is requesting a meeting given the “gravity of the situation and lack of responsibility at all levels.”
The caucus said that it represents 80 million Americans overall and 17 million Black Americans, and “Sesame Street” plays an “integral” role for many of the children its members represent.
“The show reaches young children in all demographics, with a particular impact on economically disadvantaged children, and families of color should know they will be welcomed at any institution that carries the Sesame Street name,” the statement reads.
Sesame Place did not immediately return a request for comment from The Hill. | https://cw33.com/news/nexstar-media-wire/black-caucus-wants-changes-after-sesame-place-viral-video/ | 2022-07-23T20:04:46Z |
PALM BEACH GARDENS, Fla., Sept. 6, 2022 /PRNewswire/ -- Carrier Global Corporation (NYSE:CARR) Chairman & CEO David Gitlin will speak at the 10th Annual Morgan Stanley Laguna Conference on Wednesday, Sept. 14, 2022 at 3:50 p.m. ET.
The event will be broadcast live at ir.carrier.com. A webcast replay will be available on the website following the event.
About Carrier
As the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, Carrier Global Corporation is committed to making the world safer, sustainable and more comfortable for generations to come. From the beginning, we've led in inventing new technologies and entirely new industries. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of everything we do. For more information, visit www.Corporate.Carrier.com or follow Carrier on social media at @Carrier.
CARR-IR
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SOURCE Carrier Global Corporation | https://www.mysuncoast.com/prnewswire/2022/09/06/carrier-present-morgan-stanleys-10th-annual-laguna-conference/ | 2022-09-06T14:34:31Z |
TEL AVIV, Israel, June 27, 2022 /PRNewswire/ -- Priority Software Ltd., a leading global provider of business management solutions, announced the enhancement of its product offering with the acquisition of Silverbyte, a leading provider of property management software.
The purchase agreement with Silverbyte will broaden Priority's business management suite offering to customers operating in the hospitality sector.
Operating in over 30 countries, Silverbyte provides an innovative, scalable platform that allows accommodation providers of all sizes and from various hospitality industry segments to easily and intuitively manage all aspects of their property, from end-to-end in-house operations to external distribution and booking systems. Silverbyte's solution is implemented in leading hotel chains worldwide, such as Leonardo, Fattal, Crowne Plaza, and Holiday Inn.
The acquisition of Silverbyte is the fifth acquisition made in the past 15 months by Priority, which continues to expand with an impressive range of solutions that give Priority a significant advantage over competitors.
Silverbyte's acquisition is synergetic to the company's operation and will enable Priority to continue delivering highly advanced solutions through the integration with Priority's cloud ERP and retail solutions.
By acquiring leading solution providers in multiple business sectors, Priority assumes a leading position in different market verticals, including retail, education, and hospitality.
"Silverbyte's innovative solutions expand our business management offering for the hospitality industry. Combining our technology and market reach with Silverbyte's solutions will increase our capability to deliver new, innovative solutions to the global market. This acquisition is another important step in Priority's evolution and vertical expansion, positioning the company as a market leader in the fields of ERP, Retail management, HRM, Logistics, Education, and now hospitality." commented Sagive Greenspan, Priority CEO.
Silverbyte CEO, Einav Peleg, said: "I am very pleased to join a leading technology company. Being part of Priority will allow us to offer an end-to-end solution, developed by a single company, that includes an ERP system, point of sale (POS), workforce management and Silverbyte's PMS system. The synergy between the companies will provides a unique value to the hospitality market".
ABOUT PRIORITY
Priority Software Ltd., a Fortissimo and TA Associates company, is a leading provider of scalable, agile, and open cloud-based business management solutions for various industries and organizations of all sizes, from global enterprises to small and growing businesses. Recognized by top industry experts and analysts for its product innovation, Priority provides real-time access to business data and insights from any desktop or mobile device, enabling organizations to increase operational efficiency, improve the customer experience, identify new opportunities, and outpace the competition. With offices in the US, UK, Belgium, and Israel and a global network of business partners, Priority empowers 75,000 customers in 40 countries with smart and intuitive business management platforms that drive accelerated organizational growth. For more information, visit www.priority-software.com.
About Silverbyte
Silverbyte was established 26 years ago with a vision for developing a leading Property Management System (PMS). The company offers its customers cutting edge technology in hospitality and accommodation management to take them to the next level of travel tech.
Silverbyte's line of products and complementary products is abundant and provides solutions from start to finish in an all-in-one platform.
The company is currently operating in over 30 countries.
For more information, visit www.silverbyte.com
For additional information please Contact:
Olly Lukatski, Marketing Communications and Content Manager
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SOURCE Priority Software Ltd. | https://www.mysuncoast.com/prnewswire/2022/06/27/priority-software-acquires-silverbyte-leading-provider-property-management-software-pms/ | 2022-06-27T16:13:27Z |
- Sales Growth and Margin Expansion in Aerospace, Honeywell Building Technologies, and Performance Materials and Technologies
- Reported Sales up 2%, Organic Sales up 4%, Exceeding High End of Guidance Range
- Earnings Per Share of $1.84, Adjusted Earnings Per Share1 of $2.10, Exceeding High End of Guidance Range
- Orders up 12%; Backlog2 up 12% to $29.5 Billion, Led by Our Long-Cycle Businesses
- Deployed $2.3 Billion in Capital, including $1.4 Billion to Share Repurchases
CHARLOTTE, N.C., July 28, 2022 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced results for the second quarter, which met or exceeded the company's guidance. The company also raised the low end of its full-year organic growth and adjusted EPS guidance ranges and raised its full-year segment margin guidance range.
The company reported second quarter organic sales growth of 4%, or 7% excluding the impact of lower COVID-mask volumes and the wind down of operations in Russia,3 exceeding the high end of the company's guidance range. Operating margin contracted by 20 basis points to 17.9% primarily due to an additional charge related to Russia. Segment margin expanded by 50 basis points to 20.9%, or 80 basis points excluding the year-over-year impact of Quantinuum. Adjusted earnings per share1 was $2.10, up 4% year over year and 2 cents above the high end of the company's guidance range. Operating cash flow was $0.8 billion, down 38% year over year, and free cash flow was $0.8 billion, down 43% year over year, due to higher working capital as expected ahead of anticipated volume growth in the back half.
"Honeywell met or exceeded guidance for all metrics in the second quarter despite a challenging macroeconomic backdrop," said Darius Adamczyk, chairman and chief executive officer of Honeywell. "Organic sales grew 4% led by strong double-digit growth in our commercial aerospace, building products, advanced sensing technologies, and advanced materials businesses. Aerospace, Honeywell Building Technologies, and Performance Materials and Technologies all grew organically and expanded margins in the quarter. While we recognize macro crosscurrents are clouding the global economic growth outlook, we remain confident in our demand outlook for the back half of the year with orders up 12% year over year and closing backlog2 of $29.5 billion, up 12% year over year, led by our long-cycle businesses, which will help drive growth for quarters to come. We once again demonstrated our operational agility by staying ahead of the inflation curve, enabling us to expand margins and beat the high end of our adjusted EPS guidance. We also continued to execute on our capital deployment strategy, deploying $2.3 billion in the quarter, including $1.4 billion of share repurchases."
Adamczyk continued, "As we have shown, our rigorous operating principles enable us to mitigate external challenges and deliver results that maximize shareholder value. The continued recovery of our key commercial aviation, defense, energy, and non-residential end markets, our commercial excellence, and our technologically differentiated portfolio of solutions will allow us to capitalize on near-term growth opportunities and remain highly resilient amid ongoing uncertainties."
As a result of the company's second-quarter performance and management's outlook for the remainder of the year, full-year sales are now expected to be in the range of $35.5 billion to $36.1 billion, up 5% to 7% organically, or up 7% to 9% excluding the one-point impact of COVID-driven mask sales declines and one-point impact of lost Russian sales. Segment margin expansion4 is now expected to be in the range of 30 to 70 basis points, including an approximate (30) basis point impact from investments in the Quantinuum business. Adjusted earnings per share4,5 is now expected to be in the range of $8.55 to $8.80. Operating cash flow is expected to be in the range of $5.5 billion to $5.9 billion, and free cash flow is expected to be $4.7 billion to $5.1 billion. A summary of the company's full year guidance changes can be found in Table 1.
Honeywell sales for the second quarter were up 2% year over year on a reported basis and 4% year over year on an organic basis. The second-quarter financial results can be found in Tables 2 and 3.
Aerospace sales for the second quarter were up 5% year over year on an organic basis. Commercial aftermarket demand improved in the second quarter as flight hours continued to increase, resulting in approximately 20% growth in both air transport aftermarket and business and general aviation aftermarket. Business and general aviation original equipment grew double digits, while air transport original equipment grew over 25% year over year as we continue to see strong build rates. Growth in commercial aerospace was partially offset by lower defense volumes. Segment margin expanded 80 basis points to 26.5% in the second quarter, led by commercial excellence partially offset by cost inflation.
Honeywell Building Technologies sales for the second quarter were up 14% on an organic basis year over year driven by strength in both building products and building solutions. Orders were up double digits for the second consecutive quarter, led by building projects, building management systems, and security products. Segment margin expanded 110 basis points to 23.5% due to pricing actions partially offset by cost inflation.
Performance Materials and Technologies sales for the second quarter were up 10% on an organic basis year over year despite an approximately 3% headwind from Russia. Sales growth was led by solid pricing and greater volumes in advanced materials, as well as strength in petrochemical catalyst shipments and thermal solutions, which both grew over 20% in the quarter. This growth was partially offset by lower equipment volumes and lost Russian sales in UOP. Segment margin expanded 150 basis points to 22.3%, primarily driven by price actions partially offset by cost inflation.
Safety and Productivity Solutions sales for the second quarter decreased 10% on an organic basis year over year as strength in advanced sensing technologies and productivity solutions and services was offset by lower personal protective equipment and warehouse automation volumes. Excluding the impact of lower COVID-mask volumes, organic sales decreased by 5% in the quarter. Advanced sensing technologies grew 25% and productivity solutions and services grew 19%, demonstrating excellent execution in a difficult supply constrained environment. Segment margin contracted 140 basis points to 12.6%, primarily driven by lower volume leverage, cost inflation, and a one-time write-down of excess COVID-related mask inventory, partially offset by pricing and a favorable licensing agreement with a competitor.
Honeywell will discuss its second-quarter results and updated full-year guidance during an investor conference call starting at 8:30 a.m. Eastern Daylight Time today. A live webcast of the investor call as well as related presentation materials will be available through the Investor Relations section of the company's website (www.honeywell.com/investor). A replay of the webcast will be available for 30 days following the presentation.
TABLE 1: FULL-YEAR 2022 GUIDANCE4
TABLE 2: SUMMARY OF HONEYWELL FINANCIAL RESULTS
TABLE 3: SUMMARY OF SEGMENT FINANCIAL RESULTS
1Adjusted EPS and adjusted EPS V% exclude charges and the accrual of reserves related to foreign exchange revaluation, inventory reserves, the write-down of other assets, impairment of property, plant and equipment, employee severance, and a tax valuation allowance, related to the initial suspension and wind down of our businesses and operations in Russia, expenses related to UOP matters, changes in fair value for Garrett equity securities, and a non-cash charge associated with the reduction in value of reimbursement receivables following Garrett's emergence from bankruptcy on April 30, 2021.
2Effective March 31, 2022, performance obligations exclude contracts with customers related to Russia as collectability is not reasonably assured. Backlog V% includes prior year revisions to reflect a prior period correction, which had no impact on our results of operations.
3Lost Russian sales is defined as the year-over-year decline in sales due to the decision to wind down our businesses and operations in Russia. This does not reflect management's estimate of 2022 Russian sales absent the decision to wind down our businesses and operations in Russia.
4As discussed in the notes to the attached reconciliations, we do not provide guidance for margin or EPS on a GAAP basis.
5Adjusted EPS guidance excludes charges and the accrual of reserves related to outstanding accounts receivable and contract assets, impairment of intangible assets, foreign exchange revaluation, inventory reserves, the write-down of other assets, impairment of property, plant and equipment, employee severance, and a tax valuation allowance, related to the initial suspension and wind down of our businesses and operations in Russia, expenses related to UOP matters, and any potential future one-time items that we cannot reliably predict or estimate such as pension mark-to-market.
6Adjusted EPS V% guidance excludes charges and the accrual of reserves related to outstanding accounts receivable and contract assets, impairment of intangible assets, foreign exchange revaluation, inventory reserves, the write-down of other assets, impairment of property, plant and equipment, employee severance, and a tax valuation allowance, related to the initial suspension and wind down of our businesses and operations in Russia, expenses related to UOP matters, pension mark-to-market, changes in fair value for Garrett equity securities, a non-cash charge associated with the reduction in value of reimbursement receivables following Garrett's emergence from bankruptcy on April 30, 2021, gain on the sale of the retail footwear business, and any potential future one-time items that we cannot reliably predict or estimate.
7Adjusted free cash flow conversion is free cash flow (cash flow from operations less capital expenditures plus cash receipts from Garrett) divided by adjusted net income attributable to Honeywell. Adjusted net income attributable to Honeywell excludes charges and the accrual of reserves related to foreign exchange revaluation, inventory reserves, the write-down of other assets, impairment of property, plant and equipment, employee severance, and a tax valuation allowance, related to the initial suspension and wind down of our businesses and operations in Russia, expenses related to UOP matters, changes in fair value for Garrett equity securities, and a non-cash charge associated with a reduction in value of reimbursement receivables following Garrett's emergence from bankruptcy on April 30, 2021.
Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help everything from aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.
Honeywell uses our Investor Relations website, www.honeywell.com/investor, as a means of disclosing information which may be of interest or material to our investors and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our Investor Relations website, in addition to following our press releases, SEC filings, public conference calls, webcasts, and social media.
This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are those that address activities, events or developments that management intends, expects, projects, believes or anticipates will or may occur in the future. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to risks and uncertainties, including the impact of the COVID-19 pandemic and the Russia-Ukraine conflict, that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal commitment, expectation, or prospect set forth in this release can or will be achieved. Any forward-looking plans described herein are not final and may be modified or abandoned at any time. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.
This release contains financial measures presented on a non-GAAP basis. Honeywell's non-GAAP financial measures used in this release are as follows:
- Segment profit, on an overall Honeywell basis, a measure by which we assess operating performance, which we define as operating income adjusted for certain items as presented in the Appendix;
- Segment profit excluding Quantinuum, which we define as segment profit excluding segment profit attributable to Quantinuum;
- Segment margin, on an overall Honeywell basis, which we define as segment profit divided by net sales;
- Segment margin excluding Quantinuum, which we define as segment profit excluding Quantinuum divided by net sales excluding Quantinuum;
- Expansion in segment profit margin percentage, which we define as the year-over-year increase in segment profit margin percentage;
- Expansion in segment profit margin percentage excluding Quantinuum, which we define as the year-over-year increase in segment profit margin percentage excluding Quantinuum;
- Organic sales growth, which we define as net sales growth less the impacts from foreign currency translation, and acquisitions and divestitures for the first 12 months following transaction date;
- Organic sales growth excluding COVID-driven masks, which we define as organic sales excluding any sales attributable to COVID-driven masks;
- Organic sales growth excluding COVID-driven mask sales and lost Russian sales, which we define as organic sales growth excluding any sales attributable to COVID-driven mask sales and substantial suspension and wind down of operations in Russia;
- Free cash flow, which we define as cash flow from operations less capital expenditures plus cash receipts from Garrett, if and as noted in the release;
- Free cash flow excluding Quantinuum which we define as free cash flow less free cash flow attributable to Quantinuum;
- Adjusted net income attributable to Honeywell, which we define as net income attributable to Honeywell which we adjust to exclude: charges and the accrual of reserves related to foreign exchange revaluation, inventory reserves, the write-down of other assets, impairment of property, plant and equipment, employee severance, and a tax valuation allowance related to the initial suspension and wind down of our businesses and operations in Russia, expenses related to UOP matters, changes in fair value for Garrett equity securities, and a non-cash charge associated with a reduction in value of reimbursement receivables following Garrett's emergence from bankruptcy on April 30, 2021, if and as noted in the release;
- Adjusted free cash flow conversion, which we define as free cash flow divided by adjusted net income attributable to Honeywell; and
- Adjusted earnings per share, which we adjust to exclude: charges and the accrual of reserves related to outstanding accounts receivable and contract assets, impairment of intangible assets, foreign exchange revaluation, inventory reserves, the write-down of other assets, impairment of property, plant and equipment, employee severance, and a tax valuation allowance, related to the initial suspension and wind down of our businesses and operations in Russia, expenses related to UOP matters, pension mark-to-market, changes in fair value for Garrett equity securities, a non-cash charge associated with the reduction in value of reimbursement receivables following Garrett's emergence from bankruptcy on April 30, 2021, and a gain on the sale of the retail footwear business, if and as noted in the release.
Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. These metrics should be considered in addition to, and not as replacements for, the most comparable GAAP measure. Certain metrics presented on a non-GAAP basis represent the impact of adjusting items net of tax. The tax-effect for adjusting items is determined individually and on a case-by-case basis. Refer to the Appendix attached to this release for reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures.
We define organic sales percent as the year-over-year change in reported sales relative to the comparable period, excluding the impact on sales from foreign currency translation and acquisitions, net of divestitures, for the first 12 months following the transaction date. We believe this measure is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends.
We define organic sales growth excluding COVID-driven mask sales as organic sales growth excluding any sales attributable to COVID-driven mask sales. We define organic sales growth excluding COVID-driven mask sales and lost Russian sales as organic sales growth excluding any sales attributable to COVID-driven mask sales and substantial suspension and wind down of operations in Russia. We believe organic sales growth excluding COVID-driven mask sales, and organic sales growth excluding COVID-driven mask sales and lost Russian sales are useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends.
A quantitative reconciliation of reported sales percent change to organic sales percent change has not been provided for forward-looking measures of organic sales percent change, organic sales percent change excluding COVID-driven masks or organic sales percent change excluding COVID-driven masks and lost Russian sales because management cannot reliably predict or estimate, without unreasonable effort, the fluctuations in global currency markets that impact foreign currency translation, nor is it reasonable for management to predict the timing, occurrence and impact of acquisition and divestiture transactions, all of which could significantly impact our reported sales percent change.
We define segment profit as operating income, excluding stock compensation expense, pension and other postretirement service costs, and repositioning and other charges. We define segment profit excluding Quantinuum as segment profit excluding segment profit attributable to Quantinuum. We believe these measures are useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends.
We define expansion in segment profit margin percentage as the year-over-year increase in segment profit margin percentage. We define expansion in segment profit margin percentage excluding Quantinuum as the year-over-year increase in segment profit margin percentage excluding Quantinuum. We believe these measures are useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends.
A quantitative reconciliation of segment profit and segment profit excluding the impact of Quantinuum, on an overall Honeywell basis, to operating income has not been provided for all forward-looking measures of segment profit and segment margin included herewithin. Management cannot reliably predict or estimate, without unreasonable effort, the impact and timing on future operating results arising from items excluded from segment profit. The information that is unavailable to provide a quantitative reconciliation could have a significant impact on our reported financial results. To the extent quantitative information becomes available without unreasonable effort in the future, and closer to the period to which the forward-looking measures pertain, a reconciliation of segment profit to operating income will be included within future filings.
We believe adjusted earnings per share is a measure that is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends. For forward looking information, management cannot reliably predict or estimate, without unreasonable effort, the pension mark-to-market expense as it is dependent on macroeconomic factors, such as interest rates and the return generated on invested pension plan assets. We therefore do not include an estimate for the pension mark-to-market expense. Based on economic and industry conditions, future developments and other relevant factors, these assumptions are subject to change.
We define free cash flow as cash provided by operating activities less cash expenditures for property, plant and equipment plus cash receipts from Garrett. We define adjusted free cash flow conversion as free cash flow divided by adjusted net income attributable to Honeywell.
We believe that free cash flow is a non-GAAP metric that is useful to investors and management as a measure of cash generated by operations that will be used to repay scheduled debt maturities and can be used to invest in future growth through new business development activities or acquisitions, pay dividends, repurchase stock or repay debt obligations prior to their maturities. This metric can also be used to evaluate our ability to generate cash flow from operations and the impact that this cash flow has on our liquidity.
We define free cash flow as cash provided by operating activities less cash expenditures for property, plant and equipment plus anticipated cash receipts from Garrett. We define free cash flow excluding Quantinuum as free cash flow less free cash flow attributable to Quantinuum.
We believe that free cash flow and free cash flow excluding Quantinuum are non-GAAP metrics that are useful to investors and management as a measure of cash generated by operations that will be used to repay scheduled debt maturities and can be used to invest in future growth through new business development activities or acquisitions, pay dividends, repurchase stock or repay debt obligations prior to their maturities. This metric can also be used to evaluate our ability to generate cash flow from operations and the impact that this cash flow has on our liquidity.
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SOURCE Honeywell | https://www.kxii.com/prnewswire/2022/07/28/honeywell-overdelivers-sales-earnings-with-strong-second-quarter-results-raises-organic-growth-segment-margin-adjusted-eps-guidance-full-year/ | 2022-07-28T11:29:02Z |
Respected Technology Executive Dr. Ronald Sugar Joins Avenda's Board of Directors as Company Prepares to Commercialize AI Mapping Platform for Prostate Cancer Care
CULVER CITY, Calif., June 15, 2022 /PRNewswire/ -- Avenda Health, an AI healthcare company creating the future of prostate cancer care, today announced the addition of Dr. Ronald D. Sugar to its Board of Directors. Dr. Sugar also serves as a board member at Apple, Amgen, Chevron, and chairman of Uber as well as the former chairman and CEO of Northrop Grumman.
"We're thrilled to have Dr. Sugar on our team, and his experience at the intersection of healthcare and technology will be invaluable in our pursuit to provide better care for the millions of men with prostate cancer," said Shyam Natarajan, co-founder and CEO of Avenda Health.
Avenda Health's technology, iQuest, uses deep learning to map an individual's prostate cancer. This software, not yet cleared by the FDA, provides physicians with a better understanding of the extent of disease and supports decision-making in cancer care. In a retrospective study of 50 patients presented at the 2022 American Urological Association annual meeting, iQuest improved tumor encapsulation1 over conventional treatment planning from 56 percent to 80 percent2.
"Avenda Health's AI platform is going to solve a huge unmet need for prostate cancer care. They are on the verge of something transformational," said Dr. Sugar.
In preparation for the launch of iQuest, the company also added two key executive hires including Carolyn Reul, who will serve as Vice President of Sales and Marketing, and Jemima Escamilla, Ph.D. who will serve as Vice President of Business Development and Growth. Carolyn Reul has over 25 years of experience leading sales, marketing and product and business development within the medical imaging industry. She previously worked for Hitachi Healthcare Americas, where she was the executive director of ultrasound sales. Prior to Hitachi, Reul served as the director of marketing for BK Medical.
Dr. Jemima Escamilla comes from RCT Ventures where she performed in depth market analysis, technical, and financial diligence for medical devices. She previously led business and product development at Option3, a MedTech incubator, where she was Principal. Dr. Escamilla holds a doctoral degree in prostate cancer biology.
Avenda Health is creating a more personalized future of prostate cancer care. Using deep learning, Avenda Health software maps a patient's cancer in 3D, giving physicians precise information and the confidence to make care decisions. Dedicated to bringing this cutting-edge technology to all practices and physicians treating prostate cancer patients, Avenda Health aims to improve outcomes, preserve quality of life, and create a new standard of cancer care.
For more information, visit avendahealth.com and follow the company on LinkedIn and Twitter.
References:
1 Priester A, Fan R, Shubert J, Colina J, Rusu M, Sulaiman V, Shao W, Khandiwala YS, Natarajan S, Sonn GA., A novel AI-derived metric identifies favorable candidates for focal therapy of prostate cancer and accurately predicts treatment margin efficacy. American Urological Association; Engineering and Urology Society. New Orleans, LA. May 15, 2022.
2. Priester A, Fan R, Shubert J, Colina J, Rusu M, Sulaiman V, Shao W, Khandiwala YS, Natarajan S, Sonn GA., Defining prostate cancer focal therapy treatment margins with a machine learning model: improvement upon hemi-gland ablation. American Urological Association; Engineering and Urology Society. New Orleans, LA. May 15, 2022.
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SOURCE Avenda Health | https://www.wibw.com/prnewswire/2022/06/15/avenda-health-adds-tech-luminary-board-directors-expands-leadership-team/ | 2022-06-15T13:43:48Z |
Dr. Anthony Fauci, nation’s top infectious disease expert, says he will retire by year end
WASHINGTON (AP) — Dr. Anthony Fauci, the nation’s top infectious disease expert who became a household name — and the subject of partisan attacks — during the COVID-19 pandemic, announced Monday he will depart the federal government in December after more than five decades of service.
Fauci, who serves as President Joe Biden’s chief medical adviser, has been the director of the National Institute of Allergy and Infectious Diseases and chief of the NIAID Laboratory of Immunoregulation. He was a leader in the federal response to HIV/AIDS and other infectious diseases even before the coronavirus hit.
“I will be leaving these positions in December of this year to pursue the next chapter of my career,” Fauci said in a statement, calling those roles “the honor of a lifetime.”
Fauci became the face of the government response to COVID-19 as it hit in early 2020, with frequent appearances on television news and at daily press conferences with White House officials, including then-President Donald Trump. But as the pandemic deepened, Fauci fell out of favor with Trump and his officials when his urgings of continued public caution clashed with the former president’s desire to return to normalcy and to promote unproven therapies for the virus.
Fauci found himself marginalized by the Trump administration, increasingly kept out of major decisions about the federal response, but he continued to speak out publicly in media interviews, advocating social distancing and face coverings in public settings before the rollout of the COVID-19 vaccines.
He was also the subject of political attacks and death threats, and was granted a security detail for his protection.
When Biden won the White House, he asked Fauci to stay on in his administration in an elevated capacity. The president praised Fauci in a statement, saying, “Whether you’ve met him personally or not, he has touched all Americans’ lives with his work. I extend my deepest thanks for his public service. The United States of America is stronger, more resilient, and healthier because of him.”
Fauci said despite retiring from federal service he planned to continue working. “I want to use what I have learned as NIAID Director to continue to advance science and public health and to inspire and mentor the next generation of scientific leaders as they help prepare the world to face future infectious disease threats,” he said.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/08/22/dr-anthony-fauci-nations-top-infectious-disease-expert-says-he-will-retire-by-year-end/ | 2022-08-22T15:45:54Z |
TOKYO and CAMBRIDGE, Mass., Aug. 3, 2022 /PRNewswire/ -- Eisai Co., Ltd. (Headquarters: Tokyo, CEO: Haruo Naito, "Eisai") and Biogen Inc. (Nasdaq: BIIB, Corporate headquarters: Cambridge, Massachusetts, CEO: Michel Vounatsos, "Biogen") announced that Eisai presented new findings on a subcutaneous formulation of lecanemab (BAN2401) and the modeling simulation of the impact of ApoE4 genotype on the incidence of amyloid-related imaging abnormalities – edema/effusion (ARIA-E) – in subjects treated with lecanemab, an investigational anti-amyloid beta (Aβ) protofibril antibody for the treatment of mild cognitive impairment (MCI) due to Alzheimer's disease (AD) and mild AD (collectively known as early AD) with confirmed presence of amyloid pathology in the brain. The data were shared at the Alzheimer's Association International Conference (AAIC) in San Diego, CA.
Key Eisai presentations include:
Eisai Abstract #69438: Absolute Bioavailability of a Single, Fixed Subcutaneous Dose of Lecanemab in Healthy Subjects
This Phase 1 study was an open-label, parallel-group study conducted in healthy subjects: 30 subjects were randomized into a 10 mg/kg intravenous (IV) dose group and 29 subjects (5 of which were Japanese) were randomized into a single fixed 700mg SC dose group. The absolute bioavailability of lecanemab following a single SC injection was 49.7% (90% CI: 43.54 – 56.83). After SC dosing, the Cmax was observed 72 hours post-dose and was 4-fold lower compared to IV infusion, which reflects the relatively long absorption phase following SC dose administration compared with 1-hour IV infusion. Lecanemab's half-life (~7 days) was similar following SC and IV administrations. The incidence of adverse events was similar between SC and IV administrations. No positive results for neutralizing antibodies (NAb) were recorded in this study. Lecanemab PK for the 5 Japanese subjects was similar to that of the non-Japanese subjects following a single subcutaneous dose administration.
Eisai Abstract #69429: Subcutaneous Dose Selection of Lecanemab for Treatment of Subjects with Early Alzheimer's Disease
In this analysis, modeling and simulation was conducted to evaluate the equivalence of a fixed weekly SC dose to a body weight-based 10 mg/kg IV bi-weekly dose with regard to lecanemab exposure. The analysis showed that a fixed lecanemab SC dose of 720 mg administered weekly may potentially result in comparable exposure (AUC) and efficacy as measured by reduction in amyloid PET SUVr to 10mg/kg IV dose administered bi-weekly. The exposure-response model is based on the established correlation between ARIA-E and Cmax. SC lecanemab dose is predicted to have a lower incidence of ARIA-E compared to IV lecanemab due to lower Cmax following SC administration.
Eisai Virtual Developing Topics Presentation Abstract #69402 / Session VDT-4-29: Modeled Impact of ApoE4 Genotype on ARIA-E Incidence in Patients Treated with Lecanemab
In this analysis, the results of the Phase 2 (Study 201) core study were used to explore the effect of ApoE4 genotype on ARIA-E incidence by modeling and simulation. The model predictions were compared to the ARIA-E incidence observed in subjects newly initiated on lecanemab 10 mg/kg bi-weekly in the Phase 2 (Study 201) open-label long-term study (OLE study). The effect of the ApoE4 genotype was analyzed in the exposure-ARIA-E model with three categorical covariates (homozygous carriers, heterozygous carriers, and noncarriers) using the results of the Phase 2 (Study 201) core study. ApoE4 genotype (homozygous) was a significant covariate in the exposure-ARIA-E model, and the incidence of ARIA-E correlated best with Cmax at steady state. On the other hand, there was no statistically significant difference in ARIA-E incidence between ApoE4 noncarriers and heterozygous carriers. The predicted incidence of ARIA-E when lecanemab was dosed at 10 mg/kg bi-weekly was 22.5% in ApoE4 homozygous carriers, 6.8% in heterozygous carriers, and 5.4% in ApoE4 noncarriers. In the OLE study, the incidence of ARIA-E observed in ApoE4 homozygotes newly initiated on lecanemab 10 mg/kg bi-weekly treatment was 25% (1 out of 4), comparable to the model prediction of 22.5%. Amyloid-related imaging abnormalities (ARIA) are an adverse event associated with amyloid-lowering therapies, and it is important to monitor for and manage during treatment.
"In an effort to simplify the patient journey and fulfill our human health care mission, Eisai is developing a subcutaneous formulation of lecanemab that patients may be able to use at home," said Michael Irizarry, M.D., Senior Vice President, Deputy Chief Clinical Officer, Alzheimer's Disease and Brain Health, Eisai Inc. "The new data Eisai presented today about the bioavailability of subcutaneous dosing, and comparability with intravenous dosing, was used by Eisai to define the appropriate subcutaneous dosing that is currently being tested in the Phase 3 Clarity AD open-label extension. In addition, Eisai has expanded on the previous modeling that explored the effect of the ApoE4 genotype on ARIA-E to further our understanding of patient populations who are most impacted by ARIA-E in the lecanemab clinical trials. The modeling will be updated with data from Eisai's Phase 3 Clarity AD confirmatory study reading out in fall 2022."
"We will continue to inform the treatment of patients with Alzheimer's disease and further our development of new therapies," said Dominic Walsh, Head of Neurodegenerative Research Unit at Biogen. "Subcutaneous administration may provide a convenient option for patients and their caregivers in the future, and we look forward to a continued co-development with Eisai on this formulation."
On July 5, 2022, Eisai announced the U.S. Food and Drug Administration (FDA) accepted the Biologics License Application (BLA) for lecanemab under the accelerated approval pathway and was granted priority review, with a Prescription Drug User Fee Act (PDUFA) action date of January 6, 2023. The readout of the primary endpoint data of Clarity AD will occur in the fall of 2022. The FDA has agreed that the results of Clarity AD when completed, can serve as the confirmatory study to verify the clinical benefit of lecanemab.
This release discusses investigational uses of an agent in development and is not intended to convey conclusions about efficacy or safety. There is no guarantee that such an investigational agent will successfully complete clinical development or gain health authority approval.
[Notes to editors]
1. About Lecanemab (BAN2401)
Lecanemab is an investigational humanized monoclonal antibody for Alzheimer's disease (AD) that is the result of a strategic research alliance between Eisai and BioArctic. Lecanemab selectively binds to neutralize and eliminate soluble, toxic amyloid-beta (Aβ) aggregates (protofibrils) that are thought to contribute to the neurodegenerative process in AD. As such, lecanemab may have the potential to have an effect on disease pathology and to slow down the progression of the disease. Currently, lecanemab is being developed as the only anti- Aβ antibody that can be used for the treatment of early AD without the need for titration. With regard to the results from pre-specified analysis at 18 months of treatment, Study 201 demonstrated reduction of brain Aβ accumulation (P<0.0001) and slowing of disease progression measured by ADCOMS* (P<0.05) in early AD subjects. The study did not achieve its primary outcome measure** at 12 months of treatment. The Study 201 open-label extension was initiated after completion of the Core period and a Gap period off treatment of 9-59 months (average of 24 months, n=180 from core study enrolled) to evaluate safety and efficacy is underway.
Currently, lecanemab is being studied in a confirmatory Phase 3 clinical study in symptomatic early AD (Clarity-AD), following the outcome of the Phase 2 clinical study (Study 201). Since July 2020 the Phase 3 clinical study (AHEAD 3-45) for individuals with preclinical AD, meaning they are clinically normal and have intermediate or elevated levels of amyloid in their brains, is ongoing. AHEAD 3-45 is conducted as a public-private partnership between the Alzheimer's Clinical Trial Consortium that provides the infrastructure for academic clinical trials in Alzheimer's Disease and related dementias in the U.S, funded by the National Institute on Aging, part of the National Institutes of Health, Eisai and Biogen. Furthermore, Eisai has initiated a lecanemab subcutaneous dosing Phase 1 study.
* Developed by Eisai, ADCOMS (AD Composite Score) combines items from the ADAS-Cog (Alzheimer's Disease Assessment Scale-cognitive subscale), CDR (Clinical Dementia Rating) and the MMSE (Mini-Mental State Examination) scales to enable a sensitive detection of changes in clinical functions of early AD symptoms and changes in memory. The ADCOMS scale ranges from a score of 0.00 to 1.97, with higher score indicating greater impairment.
** An 80% or higher estimated probability of demonstrating 25% or greater slowing in clinical decline at 12 months treatment measured by ADCOMS from baseline compared to placebo.
2. About the Collaboration between Eisai and Biogen for Alzheimer's Disease
Eisai and Biogen have been collaborating on the joint development and commercialization of AD treatments since 2014. Eisai serves as the lead of lecanemab development and regulatory submissions globally with both companies co-commercializing and co-promoting the product and Eisai having final decision-making authority.
3. About the Collaboration between Eisai and BioArctic for Alzheimer's Disease
Since 2005, Eisai and BioArctic have had a long-term collaboration regarding the development and commercialization of AD treatments. Eisai obtained the global rights to study, develop, manufacture and market lecanemab for the treatment of AD pursuant to an agreement concluded with BioArctic in December 2007. The development and commercialization agreement on the antibody lecanemab back-up was signed in May 2015.
4. About Eisai Co., Ltd.
Eisai's Corporate Concept is "to give first thought to patients and people in the daily living domain, and to increase the benefits that health care provides." Under this Concept (also known as human health care (hhc) Concept), we aim to effectively achieve social good in the form of relieving anxiety over health and reducing health disparities. With a global network of R&D facilities, manufacturing sites and marketing subsidiaries, we strive to create and deliver innovative products to target diseases with high unmet medical needs, with a particular focus in our strategic areas of Neurology and Oncology.
In addition, we demonstrate our commitment to the elimination of neglected tropical diseases (NTDs), which is a target (3.3) of the United Nations Sustainable Development Goals (SDGs), with working on various activities together with global partners.
For more information about Eisai, please visit www.eisai.com (for global headquarters: Eisai Co., Ltd.), and connect with us on Twitter @Eisai_SDGs.
5. About Eisai Inc.
At Eisai Inc., human health care (hhc) is our mission and is the shared purpose that connects us to those we serve creating a network of powerful relationships that enables us to identify, understand and work to address the needs of people throughout their lives. We boldly push past the boundaries of science and aim to deliver life-changing therapies and health-related solutions that matter to people and society. We bring together science, technology and real-world expertise to pursue a world free from cancer, Alzheimer's disease and other neurodegenerative diseases.
Everything we do is guided by the simple principle that patients and their families come first, and we have a responsibility to listen to and learn from them.
Eisai Inc. is the U.S. pharmaceutical subsidiary of Tokyo-based Eisai Co., Ltd. The company's presence in the U.S. includes three discovery centers as well as commercial, clinical development and global demand organizations. To learn more about Eisai, please visit us at www.eisai.com/US and follow us on Twitter and LinkedIn. For more information on our work in neurology, please visit the Eisai U.S. Neurology LinkedIn page.
Eisai Co., Ltd. is a leading global pharmaceutical company headquartered in Japan. Eisai's corporate philosophy is based on the human health care (hhc) concept, which is to give first thought to patients and their families, and to increase the benefits that health care provides to them. With a global network of R&D facilities, manufacturing sites and marketing subsidiaries, we strive to realize our hhc philosophy by delivering innovative products to target diseases with high unmet medical needs, with a particular focus in our strategic areas of Neurology and Oncology.
Leveraging the experience gained from the development and marketing of a treatment for Alzheimer's disease, Eisai aims to establish the "Eisai Dementia Platform." Through this platform, Eisai plans to deliver novel benefits to those living with dementia and their families through constructing a "Dementia Ecosystem," by collaborating with partners such as medical organizations, diagnostic development companies, research organizations, and bio-ventures in addition to private insurance agencies, finance industries, fitness clubs, automobile makers, retailers, and care facilities. For more information about Eisai Co., Ltd., please visit https://www.eisai.com.
6. About Biogen
As pioneers in neuroscience, Biogen discovers, develops, and delivers worldwide innovative therapies for people living with serious neurological diseases as well as related therapeutic adjacencies. One of the world's first global biotechnology companies, Biogen was founded in 1978 by Charles Weissmann, Heinz Schaller, Sir Kenneth Murray, and Nobel Prize winners Walter Gilbert and Phillip Sharp. Today, Biogen has a leading portfolio of medicines to treat multiple sclerosis, has introduced the first approved treatment for spinal muscular atrophy, and developed the first and only approved treatment to address a defining pathology of Alzheimer's disease. Biogen is also commercializing biosimilars and focusing on advancing one of the industry's most diversified pipelines in neuroscience that will transform the standard of care for patients in several areas of high unmet need.
In 2020, Biogen launched a bold 20-year, $250 million initiative to address the deeply interrelated issues of climate, health, and equity. Healthy Climate, Healthy Lives™ aims to eliminate fossil fuels across the company's operations, build collaborations with renowned institutions to advance the science to improve human health outcomes, and support underserved communities.
We routinely post information that may be important to investors on our website at www.biogen.com. Follow us on social media - Twitter, LinkedIn, Facebook, YouTube.
Biogen Safe Harbor
This news release contains forward-looking statements, including statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, about the potential clinical effects of lecanemab; the potential benefits, safety and efficacy of lecanemab; potential regulatory discussions, submissions and approvals and the timing thereof; the expected data readout for the Clarity AD study; the treatment of Alzheimer's disease; the anticipated benefits and potential of Biogen's collaboration arrangements with Eisai; the potential of Biogen's commercial business and pipeline programs, including lecanemab; and risks and uncertainties associated with drug development and commercialization. These statements may be identified by words such as "aim," "anticipate," "believe," "could," "estimate," "expect," "forecast," "intend," "may," "plan," "possible," "potential," "will," "would" and other words and terms of similar meaning. Drug development and commercialization involve a high degree of risk, and only a small number of research and development programs result in commercialization of a product. Results in early-stage clinical studies may not be indicative of full results or results from later stage or larger scale clinical studies and do not ensure regulatory approval. You should not place undue reliance on these statements or the scientific data presented.
These statements involve risks and uncertainties that could cause actual results to differ materially from those reflected in such statements, including without limitation unexpected concerns that may arise from additional data, analysis or results obtained during clinical studies, including the Clarity AD clinical trial and AHEAD 3-45 study; the occurrence of adverse safety events; risks of unexpected costs or delays; the risk of other unexpected hurdles; regulatory submissions may take longer or be more difficult to complete than expected; regulatory authorities may require additional information or further studies, or may fail or refuse to approve or may delay approval of Biogen's drug candidates, including lecanemab; actual timing and content of submissions to and decisions made by the regulatory authorities regarding lecanemab; uncertainty of success in the development and potential commercialization of lecanemab; failure to protect and enforce Biogen's data, intellectual property and other proprietary rights and uncertainties relating to intellectual property claims and challenges; product liability claims; third party collaboration risks; and the direct and indirect impacts of the ongoing COVID-19 pandemic on Biogen's business, results of operations and financial condition. The foregoing sets forth many, but not all, of the factors that could cause actual results to differ from Biogen's expectations in any forward-looking statement. Investors should consider this cautionary statement as well as the risk factors identified in Biogen's most recent annual or quarterly report and in other reports Biogen has filed with the U.S. Securities and Exchange Commission. These statements are based on Biogen's current beliefs and expectations and speak only as of the date of this news release. Biogen does not undertake any obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise.
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Over $270 million deployed and 12,000+ jobs supported through Enhanced Capital's Small Business Lending, Impact Real Estate, and Climate Finance investment strategies
NEW YORK, May 4, 2022 /PRNewswire/ -- Enhanced Capital, a leading impact investing firm with over 20 years of investment experience, today released its 2021 Community Impact Report.
The report highlights the Firm's achievements since its inception (1999) and illustrates notable investments that exemplify how Enhanced Capital drives positive impact through its core investment strategies. The report also underscores the Firm's commitment to investing in small businesses and projects across the United States that generate quantifiable impact.
"Enhanced Capital's strong track record uniquely positions the Firm to further broaden the reach of our impact," said Michael Korengold, CEO of Enhanced Capital. "Our exceptional team of professionals is dedicated to supporting our borrowers, developers, and business partners to ensure positive outcomes for their communities."
Notable 2021 Highlights:
- Over $270 million deployed through Enhanced Capital's Small Business Lending, Impact Real Estate, and Climate Finance investment strategies.
- 12,000+ jobs supported. Enhanced Capital's investments spur job creation and economic growth that ripples through communities.
- 94 megawatts installed through Climate Finance. The clean energy generated by this solar infrastructure will offset nearly 4 million metric tons of carbon dioxide emissions over the lifetime of the projects' panels.
- Average poverty rate of 28% in the communities reached by Enhanced Capital's Impact Real Estate investments. Enhanced Capital's investments bring needed services and community resources to these highly distressed areas.
- Over 30 transactions were closed with borrowers or developers that identify as women, people of color, or veterans. Enhanced Capital targets underrepresented populations to bridge the capital gap that persists for these individuals.
The annual Community Impact Report acts as a recommitment to Enhanced Capital's work and a reminder of the very tangible impact its investments have generated. Download the Enhanced Capital 2021 Community Impact Report to learn more about the Firm's achievements.
About Enhanced Capital
Enhanced Capital Group, LLC is a leading impact investing firm with over 20 years of experience investing in Small Business Lending, Impact Real Estate, and Climate Finance.
From inception in 1999 through December 31st, 2021, inclusive of proprietary assets and assets managed by affiliates, Enhanced Capital has raised a total of $4.8 billion. Of the total AUM, impact assets represent $2.6 billion invested in over 700 projects & businesses across 38 states, Washington DC, and Puerto Rico and does not include investments made by non-impact affiliates.
For more information on Enhanced Capital, please visit www.enhancedcapital.com.
Disclaimer:
Enhanced Capital Group, LLC, and its affiliates, is an Equal Opportunity Provider. Information presented is for discussion purposes only and is neither an offer to sell nor a solicitation of any offer to buy any securities, investment product, or investment advisory services. This is not an offering or the solicitation of an offer to purchase an interest in a fund.
Media Contact:
Katrin Lieberwirth
Stanton
klieberwirth@stantonprm.com
646-286-5401 (cell)
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SOURCE Enhanced Capital | https://www.kxii.com/prnewswire/2022/05/04/enhanced-capital-announces-release-2021-community-impact-report/ | 2022-05-04T17:07:29Z |
Use conscious spending to plan for both your future and fun
By Kristen Rogers, CNN
When you think of money, do you feel like living in the moment and being responsible are mutually exclusive? Does guilt eat at you when you go out for lunch or a $7 oat milk latte?
You don’t have to think or feel this way, thanks to a flexible personal finance approach called conscious spending.
“Unlike a budget, which looks backward, a conscious spending plan allows you to look forward,” said Ramit Sethi, author of best-selling “I Will Teach You To Be Rich” and CEO of the eponymous blog. “Conscious spending is all about spending extravagantly on the things you love, as long as you cut costs mercilessly on the things you don’t. It’s not about restriction. It’s about being intentional with your money, and then spending on the things you love guilt-free.”
That doesn’t mean that some age-old, general guidelines for saving aren’t valid — such as saving 5% to 10% of your income and having a three- to six-month emergency fund, Sethi said.
But a conscious spending plan allows you to say, “Yes, I want to go on vacation. Yes, I like nice clothes. Yes, I’m going to spend on these things guilt-free. I’m also going to invest, save, and make sure I can cover my rent,” Sethi said.
Whether wanting to save money, squash debts or have a little more fun is making you want to try conscious spending, you can apply this approach as soon as today. Here’s how.
Rewiring your spending habits
The term “conscious spending” implies that people experience unconscious spending, said Bradley Klontz, a financial psychologist and associate professor of practice at Creighton University’s Heider College of Business in Omaha, Nebraska.
“It’s almost like unconscious eating,” he said. “We’re just without a plan, we’re not really paying much attention, especially using credit cards.”
What’s most important in undoing unconscious spending is asking yourself specific questions about your financial goals and life desires: Where has my money been going? What do I love spending money on and why? How much do I need for fixed expenses, such as bills and rent? How much do I want to invest and save, and why? How much do I want to set aside for impulse buys or charges, such as drinks with a friend or a parking ticket?
Your answers need to be very clear, Klontz and Sethi said. Saying you want to be able to do what you want when you want is abstract. But stating that you and your partner want to fly to Italy with extended legroom, visit for three weeks and watch the sun set over Rome while drinking wine? Now that’s a vision that’s vivid, specific, emotional and meaningful, Sethi said. “What’s not meaningful is just some spreadsheet with numbers in it. Truthfully, nobody cares.”
Answering these questions can help you feel excitement and clarity about your finances, identify what you care less about and live in alignment with what’s important to you. “Then, it’s a lot easier to cut in areas that don’t matter as much,” Klontz said.
Your answers to these questions make up what Sethi calls your “rich life” — your life and financial goals that are unique to you, not influenced by what anyone else thinks you should do.
A personal example: I recently decided that on workdays, I’d drink the office complimentary instant coffee instead of spending several dollars on lattes a few times per week. Weekends would be when I allow myself to indulge at coffee shops with friends. I decided this because on weekdays, needing more energy was my only reason for wanting coffee — whereas having money to enjoy better coffee and quality time at my favorite coffee shops on the weekends was more important to me. In this way, I get what I want out of my coffee-drinking by consciously focusing on what’s most valuable to me, rather than restricting all coffee purchases.
When you’ve already intentionally thought about what you value, you don’t have to feel anxious, obsessed, doubtful or guilty. When Sethi was a child, his family couldn’t afford to buy appetizers while eating out, he said. These days, one of his “money rules” is to never question spending money on appetizers because “it gives me great joy to be able to buy any appetizer that I see looks good,” he added. “I don’t have to decide, ‘Should I pay this much? Or should I not?'”
If you want to give conscious spending a shot, try it for a month. Then, using your bank statements or a budgeting app, review what happened, what worked and what didn’t.
“It’s not going to work perfectly the first time. It’s a system that you’re going to continually tweak,” Sethi said. “But overall, you’re going to start to get a sense for how it works and what you need to change. And then you just make the change each month after that.”
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™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/health/cnn-health/2022/05/03/use-conscious-spending-to-plan-for-both-your-future-and-fun-2/ | 2022-05-03T18:07:51Z |
NEW YORK, May 4, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Ironnet, Inc..
Shareholders who purchased shares of IRNT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/ironnet-inc-loss-submission-form/?id=26679&from=4
CLASS PERIOD: September 15, 2021 to December 15, 2021
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) the Company had materially overstated its business and financial prospects; (ii) the Company was unable to predict the timing of significant customer opportunities which constituted a substantial portion of its publicly- issued FY 2022 financial guidance; (iii) the Company had not established effective disclosure controls and procedures to reasonably ensure its public disclosures were timely, accurate, complete, and not otherwise misleading; and (iv) as a result, the Company's public statements were materially false, misleading, and/or lacked any reasonable basis in fact at all relevant times.
DEADLINE: June 21, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/ironnet-inc-loss-submission-form/?id=26679&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of IRNT during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is June 21, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm | https://www.mysuncoast.com/prnewswire/2022/05/04/shareholder-alert-gross-law-firm-notifies-shareholders-ironnet-inc-class-action-lawsuit-lead-plaintiff-deadline-june-21-2022-nyse-irnt/ | 2022-05-04T10:38:29Z |
Announces date for Elevate, the world's largest career development event for DAP Professionals; Opens nominations for first-ever Top 100 DAP Professionals list, #DAPP100
SAN FRANCISCO, July 27, 2022 /PRNewswire/ -- WalkMe Ltd. (NASDAQ: WKME), a leading provider of digital adoption solutions, today announced it has officially established International Digital Adoption (DAP) Professionals Day as a registered holiday, taking place the last Thursday of each July. DAP Professionals Day honors individuals advancing the use of digital technologies within their organization to drive return on technology investments. WalkMe also announced that Elevate, the DAP Professionals event, will be taking place October 25-27, 2022, virtually and in-person. And to recognize the industry's brightest and most respected individuals in digital adoption, WalkMe opened nominations for the first-ever Top100 DAP Professionals list, the DAPP100.
Digital adoption has emerged as a game changer for organizations looking to maximize the value of their technology investments. With it comes demand for new technology skills and career opportunities for those who upskill first and stay on the pulse of digital adoption trends. DAP Professionals directly impact the success of digital transformations and their companies' bottom lines. WalkMe Elevate is designed to propel the careers of DAP Professionals forward, a career path that continues to grow each year. Today, more than 14,000 people on LinkedIn include "Digital Adoption" on their profile.
"DAP Professionals are the trailblazers enabling the adoption of new technologies as part of their organizations' overall digital transformation strategy," said Wayne McCulloch, Chief Customer Officer, WalkMe. "They are integral players in the success of a company's digital investments. It's an honor to establish a registered holiday for these individuals, and we can't wait to host the world's top DAP Professionals at Elevate 2022."
WalkMe Elevate will host 25+ live sessions and workshops both virtually and in-person in San Francisco, including a keynote celebrating the achievements of notable DAP Professionals and breakout sessions highlighting customer stories. Through workshops and certification opportunities, attendees will learn the latest in using digital adoption technologies to operationalize digital strategy and drive business outcomes that matter, positioning themselves as central to achieving critical business results.
Nominations for the Top 100 DAP Professionals list open on International DAP Professionals Day, July 28th, and close on August 18th at 11:59 p.m. PST. The list will be determined by crowdsourced voting, which will open on August 25th and close on September 8th at 11:59 p.m. PST. The final list will be announced in a press release in September and honored during Elevate. All are welcome to nominate themselves or someone else who has designed or implemented a digital adoption strategy (WalkMe and other DAP solution provider employees excluded). For more information on the Top 100 DAP Professionals list visit https://www.walkme.com/events/elevate/
Click to Tweet: See you there! @WalkMeInc #Elevate22 is coming October 25-27. Save the date here https://www.walkme.com/events/elevate/
Click to Tweet: Nominate yourself or someone else for the world's first Top 100 DAP Professionals list #DAPP100 https://form.typeform.com/to/wWalOQRR @WalkMeInc #DAPProsDay
Click to Tweet: Happy International Digital Adoption (DAP) Professionals Day! Thank you for working behind the scenes to improve digital adoption and elevate the digital experience for all. https://nationaltoday.com/digital-adoption-professionals-day/ #DAPProsDay #DAPP100 #Elevate22 @WalkMeInc
- Visit the WalkMe Website
- Read the WalkMe Blog
WalkMe's cloud-based Digital Adoption Platform enables organizations to measure, drive and act to ultimately accelerate their digital transformations and better realize the value of their software investments. Our code-free platform leverages our proprietary technology to provide visibility to an organization's Chief Information Officer and business leaders, while improving user experience, productivity and efficiency for employees and customers. Alongside walkthroughs and third-party integration capabilities, our platform can be customized to fit an organization's needs.
Certain statements in this press release may constitute "forward-looking" statements and information, within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as "may," "might," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," "seek," "believe," "estimate," "predict," "potential," "continue," "contemplate," "possible" or similar words. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the following: our ability to manage our growth effectively, sustain our historical growth rate in the future or achieve or maintain profitability; the impact of the COVID-19 pandemic or adverse macro-economic changes on our business, financial condition and results of operations; the growth and expansion of the markets for our offerings and our ability to adapt and respond effectively to evolving market conditions; our estimates of, and future expectations regarding, our market opportunity; our ability to keep pace with technological and competitive developments and develop or otherwise introduce new products and solutions and enhancements to our existing offerings; our ability to maintain the interoperability of our offerings across devices, operating systems and third-party applications and to maintain and expand our relationships with third-party technology partners; the effects of increased competition in our target markets and our ability to compete effectively; our ability to attract and retain new customers and to expand within our existing customer base; the success of our sales and marketing operations, including our ability to realize efficiencies and reduce customer acquisition costs; the percentage of our remaining performance obligations that we expect to recognize as revenue; our ability to meet the service-level commitments under our customer agreements and the effects on our business if we are unable to do so; our relationships with, and dependence on, various third-party service providers; our dependence on our management team and other key employees; our ability to maintain and enhance awareness of our brand; our ability to offer high quality customer support; our ability to effectively develop and expand our marketing and sales capabilities; our ability to maintain the sales prices of our offerings and the effects of pricing fluctuations; the sustainability of, and fluctuations in, our gross margin; risks related to our international operations and our ability to expand our international business operations; the effects of currency exchange rate fluctuations on our results of operations; challenges and risks related to our sales to government entities; our ability to consummate acquisitions at our historical rate and at acceptable prices, to enter into other strategic transactions and relationships, and to manage the risks related to these transactions and arrangements; our ability to protect our proprietary technology, or to obtain, maintain, protect and enforce sufficiently broad intellectual property rights therein; our ability to maintain the security and availability of our platform, products and solutions; our ability to comply with current and future legislation and governmental regulations to which we are subject or may become subject in the future; changes in applicable tax law, the stability of effective tax rates and adverse outcomes resulting from examination of our income or other tax returns; risks related to political, economic and security conditions in Israel; the effects of unfavorable conditions in our industry or the global economy or reductions in information technology spending; factors that may affect the future trading prices of our ordinary shares; and other risk factors set forth in the section titled "Risk Factors" in our Annual Report on form 20-F filed with the Securities and Exchange Commission on March 24, 2022, and other documents filed with or furnished to the SEC. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this press release. You should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by applicable law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
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SOURCE WalkMe | https://www.wibw.com/prnewswire/2022/07/27/walkme-establishes-international-digital-adoption-professionals-dap-day-honor-individuals-shaping-future-digital-transformation/ | 2022-07-27T20:08:46Z |
Stephen Jordan Joins Debevoise as Partner in the Tax Group
Published: Sep. 6, 2022 at 8:30 AM CDT|Updated: 1 hour ago
NEW YORK, Sept. 6, 2022 /PRNewswire/ -- Debevoise & Plimpton LLP announced today that Stephen Jordan has joined the firm's New York office as a partner in the Tax Group. Mr. Jordan, who was most recently a managing director and global head of tax at KKR, a premier publicly traded global investment firm with approximately $500 billion of assets under management, and is one of the preeminent tax lawyers in the private equity sector, will focus his practice on advising Debevoise's strong roster of clients in the private equity and investment management industry on a full range of transactional and advisory matters, bringing a differentiated perspective from his years at KKR.
Mr. Jordan brings to the firm's clients extensive experience in the tax aspects of complex fundraising and M&A transactions, including cross-border and public company restructuring deals. Additionally, Mr. Jordan has a strong background in tax policy analysis and in advising complex organizations on the potential business impact of proposed tax legislation.
"Today's dynamic M&A and fundraising landscape and increased tax law complexity have raised the bar for our private equity clients, requiring the sharpest of eyes on every aspect of every deal as well as the client's overall tax strategy," said Presiding Partner Peter Furci. "Stephen's experience both in house and at a leading law firm earlier in his career gives him unique insight into the business and legal needs of our clients and how they can effectively execute their investment strategies in a changing market."
Peter Schuur, Chair of the Tax Group, said, "Stephen is well known in the tax community as an outstanding legal mind and as a highly collaborative executive. We expect that he will be an excellent fit for our distinctive culture, which includes taking a 'one firm' approach to every client engagement, and that our clients will benefit greatly from his deep M&A and tax experience."
Mr. Jordan added, "On numerous occasions, I have had the privilege to work with Debevoise and experience first-hand the firm's collaborative culture. As I considered the next step in my career, I knew I wanted to join a tax team known as a leader in completing cutting-edge private equity deals, developing innovative investor products, and providing commercial solutions in complex situations, and Debevoise was the clear choice. I look forward to joining the firm at such an exciting time in its history and its client base."
Throughout his career, Mr. Jordan has advised on fund and investment structuring across the private equity, infrastructure, real estate, and credit platforms. Prior to joining KKR, he was a tax partner at another international law firm, where he represented a number of sponsors and fund investors across various asset classes. He received his B.A. from University of the South, his J.D. from Southern Methodist University Dedman School of Law and an LL.M. in taxation from New York University School of Law.
With more than 40 tax lawyers located in key international centers, Debevoise's Tax Group focuses on providing cutting-edge tax advice on all types of domestic and cross-border investment fundraising and M&A transactions for clients in virtually every market sector including private equity, insurance, banking, airlines, technology, media, and health care and pharmaceuticals. Known for working seamlessly with the firm's corporate practices – tailoring structures, negotiations and documentation to the client's tax, business and commercial goals – and well connected with a network of local practitioners, the Tax Group helps clients achieve their business objectives.
BIO
Stephen Jordan, a partner in the firm's Tax Group, represents private equity and investment management firms on a full range of transactional and advisory matters. Mr. Jordan is based in the firm's New York office.
Mr. Jordan's practice focuses on the tax aspects of complex fundraising and M&A transactions, including cross-border and public company restructuring deals. Additionally, Mr. Jordan has a strong background in tax policy analysis and in advising complex organizations on the potential business impact of proposed tax legislation. He is a frequent panelist on tax issues and has advocated for the private equity and investment management industries tax priorities before various governmental authorities in the United States and abroad.
Prior to joining the firm, Mr. Jordan served for nearly a decade as the global head of tax at a premier, publicly traded global investment firm, and prior to that was a tax partner at a leading international law firm in New York.
Mr. Jordan received his B.A. from University of the South in 1991, his J.D. from Southern Methodist University Dedman School of Law in 1995 and his LL.M. in Taxation from New York University School of Law in 1998.
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SOURCE Debevoise & Plimpton LLP
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/2022/09/06/stephen-jordan-joins-debevoise-partner-tax-group/ | 2022-09-06T14:36:40Z |
PHILADELPHIA, June 30, 2022 /PRNewswire/ -- Berger Montague is investigating securities fraud allegations on behalf of investors who purchased the securities Verrica Pharmaceuticals, Inc. ("Verrica" or the "Company") (NASDAQ: VRCA) between May 28, 2021 and May 24, 2022 (the "Class Period").
If you purchased the securities of Verrica during the Class Period, would like to discuss Berger Montague's investigation, or have questions concerning your rights or interests, please contact attorneys Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Michael Dell'Angelo at mdellangelo@bm.net or (215) 875-3080 or visit: https://investigations.bergermontague.com/verrica-pharmaceuticals/
Whistleblowers: Anyone with non-public information regarding Verrica is encouraged to confidentially assist Berger Montague's investigation or take advantage of the SEC Whistleblower program. Under this program, whistleblowers who provide original information may receive rewards totaling up to thirty percent (30%) of recoveries obtained by the SEC. For more information, contact us.
In December 2020, Verrica submitted its New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) seeking regulatory approval of VP-102 for the treatment of molluscum.
On September 20, 2021, Verrica announced receipt of a Complete Response Letter (CRL) due to deficiencies at a facility of Verrica's contract manufacturer. On this news, the Company's stock price fell $1.00, or 8.3%, to close at $11.03 per share on September 21, 2021.
On May 24, 2022, Verrica announced receipt of another CRL regarding the VP-102 NDA, citing deficiencies identified during a general reinspection of the contract manufacturing organization (CMO) that manufactures Verrica's bulk solution drug product.
On this news, the Company's shares fell $3.55, or 63.8%, to close at $2.01 per share on May 25, 2022, on unusually heavy trading volume.
Berger Montague, with offices in Philadelphia, Minneapolis, Washington, D.C., and San Diego, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.
Contacts
Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
aabramowitz@bm.net
Michael Dell'Angelo, Executive Shareholder
Berger Montague
(215) 875-3080
mdellangelo@bm.net
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SOURCE Berger Montague | https://www.wibw.com/prnewswire/2022/06/30/verrica-pharmaceuticals-inc-company-news-berger-montague-investigates-securities-fraud-allegations-against-verrica-pharmaceuticals-inc-nasdaq-vrca-lead-plaintiff-deadline-is-august-5-2022/ | 2022-06-30T20:11:04Z |
STOCKHOLM, Sept. 2, 2022 /PRNewswire/ -- New Wave Group has today acquired 100 % of the shares in the UK promotional, corporate and teamwear apparel company B.T.C. Activewear Limited. The consideration for the purchase of the shares is £33 million on a cash and debt free basis and is paid in cash.
B.T.C. Activewear was founded in 2000 through a merger of three regional businesses and has its distribution center and head office in Birmingham. The company is the UK's third largest wholesale distributor within its sector, offering ca. 50 leading international apparel brands. B.T.C. Activewear's sales model showcases the potential of e-commerce for B2B sales, as ca. 90 % of orders are placed via the company's webshop www.btcactivewear.co.uk (where you may also find further information about the company).
In 2021, B.T.C. Activewear's revenue was £53.0 million. The acquisition will have a positive impact on New Wave Group's result already this current year but will have a negative impact on the group's gross and operating margin, as these are lower in B.T.C. Activewear than in New Wave Group. The introduction of New Wave Group's own brands to the company's portfolio will however allow for a considerable increase in both the gross and operating margin of B.T.C. Activewear in the coming years.
The UK is one of Europe's biggest markets for promotional products, with a clear trend towards increased focus on own-brand products. Together with B.T.C. Activewear, who has a broad and well-established customer base, New Wave Group will have a strong platform for the distribution of the group's brands in the UK.
CEO and co-founder of B.T.C. Activewear, Stephen Pope, who will continue as CEO for the company comments New Wave Group's acquisition: "I am delighted to have a strong financial owner, that is known for its long-term commitment and deep industry knowledge. B.T.C. Activewear will be able to grow and take further steps together with New Wave Group, where the mix between our understanding of and position in the UK market and New Wave Group's experience and brands will be an unmatched combination."
Stephen Pope sees big opportunities for B.T.C. Activewear through the addition of New Wave Group's own brands: "With a more comprehensive and improved customer offer, we will be able to reach new customers and compete in new areas. Of course this will be beneficial to the business and also allows us to grow sales of our existing portfolio of brands."
Torsten Jansson, CEO and founder of New Wave Group, also has a bright view of the future: "Through this acquisition, we establish New Wave Group as one of the main players on the UK market, which of course feels great. In addition, we will add a very attractive and well-run company to our company group, as well as invaluable industry knowledge that will benefit all New Wave Group companies."
B.T.C. Activewear will be a part of the Corporate operating segment with its primary focus on the promo sales channel.
FOR MORE INFORMATION, PLEASE CONTACT:
CEO and Group CEO
Torsten Jansson
Phone: +46 (0) 31 712 89 01
E-mail: torsten.jansson@nwg.se
1st Senior Vice President
Göran Härstedt
Phone: +46 (0) 703 62 56 11
E-mail: goran.harstedt@nwg.se
This information is information that New Wave Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons detailed above, at 8.45 a.m. CET on 2 September 2022.
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SOURCE New Wave Group | https://www.mysuncoast.com/prnewswire/2022/09/02/new-wave-group-ab-publ-acquires-btc-activewear-limited/ | 2022-09-02T07:32:39Z |
Boone: Donaldson shouldn’t make ‘Jackie’ remark to Anderson
By JERRY BEACH
Associated Press
NEW YORK (AP) — New York Yankees manager Aaron Boone says slugger Josh Donaldson was wrong to make a remark referencing Jackie Robinson when speaking to White Sox star Tim Anderson. A day after the comment called “racist” by Chicago manager Tony La Russa — an assessment that Anderson agreed with — Major League Baseball continued to investigate. Anderson, one of baseball’s leading Black voices and an All-Star shortstop, and Donaldson, who is white, didn’t speak to reporters before Sunday’s doubleheader. Donaldson said Saturday he twice called Anderson “Jackie” — as in Robinson, who broke MLB’s color barrier in 1947. He said he’s used the reference in the past with Anderson, who said he viewed himself as a potential modern-day Robinson in a 2019 interview with Sports Illustrated. | https://localnews8.com/sports/ap-national-sports/2022/05/22/boone-donaldson-shouldnt-make-jackie-remark-to-anderson/ | 2022-05-22T23:08:34Z |
LOS ANGELES, June 13, 2022 /PRNewswire/ -- Kairos Ventures, an early stage venture capital firm investing in physical and life sciences, announced the close of its third fund ("Fund III"), with capital commitments of $58 million.
Founded in 2015 by Jim Demetriades, Kairos works closely with the world's top patent producing universities and research institutions to identify and support the commercialization of transformative discoveries into sustainable and successful businesses. Since its inception, Kairos has invested in over 55 companies, working side-by-side with Nobel Prize and Lasker Award winners, engineers and entrepreneurs to help them realize their full scientific and business potential.
"Our investment strategy at Kairos is driven by the belief that backing world class scientists can have a significant positive impact on the world," said Jim Demetriades, Founder and Chief Executive Officer of Kairos Ventures. "During a time when our society is facing countless challenges – from climate change to international conflict – we are proud to be working closely with entrepreneurs at the top universities as they innovate and push the envelope to change our future."
Fund III has made 27 investments in companies that are disrupting their respective industries and establishing first-of-its-kind offerings and impact. Examples include Vivodyne, a bioengineering company creating fully-vascularized human organoids ("organs-on-chip") and can deploy them in fully automated instruments conducting thousands of experiments at a time.; PteroDynamics, an aircraft design and manufacturing company that has developed and patented a unique drone with folding airplane wings with many critical advantages to existing VTOL designs, the greatest two being 1. a much smaller size and greater stability in its takeoff/landing configuration and 2. significantly longer range and endurance for any given energy source and payload; and Linnaeus, a development stage biotech company engaged in studying and developing treatments for cancer using the signaling from the female sex hormone as a protection against cancer. Fund III is close to fully invested and the remailing funds will be primarily used to support existing investments.
"From improving disease outcomes to reducing animal cruelty, our portfolio is making a positive impact through science," said Todd Thomson, Chief Operating and Financial Officer. "We are thankful to receive support from investors in our previous funds and new investors as we continue this work and evaluate innovative, breakthrough opportunities that can create value for our stakeholders, portfolio companies, and humankind."
Kairos Ventures is a venture capital firm based in Los Angeles, California. Making a positive impact on humanity while generating returns for our investors are the team's collective priorities. We believe science is vital to solving humanity's greatest challenges, from pollution to the cost of healthcare and beyond. The team has created a unique ecosystem to maximize deal flow from prize-winning scientists at leading labs and universities and then supports the commercialization of these transformative technologies from incubation to early seed investments through growth. For more information, visit https://www.kairosventures.com/.
Media contact:
Amalia Lytle, Prosek Partners: 646-818-9271
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SOURCE Kairos Ventures | https://www.wibw.com/prnewswire/2022/06/13/kairos-ventures-closes-third-fund-58-million/ | 2022-06-13T12:45:08Z |
FinancialNewsMedia.com News Commentary
PALM BEACH, FL, Sept. 12, 2022 /PRNewswire/ -- Airlines are rebounding from COVID in a large way. According to IATA (International Air Transport Association) North America, for example, is expected to continue to be the strongest performing region returning to profitability in 2022. Supported by the large US domestic market and the re-opening of international markets, including the North Atlantic, net profit is forecast to be $8.8 billion in 2022. Airlines are cutting costs and trying to also increase revenues, and one way to increase is to listen to the demands of passengers for more nutritious foods on flights… and this has given way to the rise of the In-Flight Catering Market. Another report from ReportLinker added that In-flight catering service relates to the provision of meals and other food to passengers that are present on the flight. The catering service is contracted by a catering group run by the airline or any other catering contractor or by a hotel`s catering group. In-flight catering service is considered to be a critical service provided by airline companies to passengers, for enhancing their overall travel experience, and thereby gain greater share of the market. While a majority of airline carriers typically offer bread roll; vegetable or salad; fish, chicken, or beef; and a dessert, others provide more specific meals, including religious diets, medical diets, meals for babies and infants, and various types of cultural diets. Amid the COVID-19 crisis, the global market for In-Flight Catering Services estimated at US$19.7 Billion in the year 2022, is projected to reach a revised size of US$22.4 Billion by 2025, registering a compounded annual growth rate (CAGR) of 4.6% over the analysis period. Europe represents the largest regional market for In-Flight Catering Services, accounting for an estimated 27.1% share of the global total. The market is projected to reach US$5.7 Billion by the close of the analysis period. Active companies in the markets this week include: Pangea Natural Foods Inc. (OTCPK: PNGAF) (CSE: PNGA), Southwest Airlines Co. (NYSE: LUV), JetBlue Airways (NASDAQ: JBLU), Air Canada (OTCQX: ACDVF) (TSX: AC), American Airlines Group Inc. (NASDAQ: AAL).
The global market for in-flight catering services is driven by booming air travel and the corresponding increase in passenger traffic, and enhanced focus on choice, quality and consistency supported by innovation in bringing about the best quality meals on-board. The market is mainly being driven by the robust increase in the number of people travelling by air globally for tourism and business, increase in non-stop and long-haul flights, and improving global economy. While traditionally the aviation industry benefited from business travels, rise in number of air travelers on leisure/pleasure trips, international tourism, growth in student travel under student exchange programs, global sports meets and growing popularity of medical tourism are also contributing to the significant increase in air traffic and hence fueling demand for airline catering. Fast paced urbanization and resultant increase in migrant population is also driving increased passenger traffic between major business centers and towns, representing a major growth driver for the inflight catering services market.
Pangea Natural Foods Inc. (OTCPK: PNGAF) (CSE: PNGA) BREAKING NEWS: PANGEA EXPANDS MUNCHIE MIX DISTRIBUTION WITH BRITISH AIRWAYS PARTNERSHIP - Pangea Natural Foods Inc. ("Pangea" or the "Company"), a natural food company, is pleased to announce a partnership with British Airways to distribute the Pangea Munchie Mix to their network of global flights.
Headquartered in the United Kingdom, British Airways is the United Kingdom's flagship airline with a fleet of over 230 airplanes. As a global carrier, British Airways operates one of the largest fleets of any airline in the world, serving 13 domestic United Kingdom destinations and 192 international destinations in 76 countries.
Pangea's Munchie Mix, the Company's newest addition to its line of GMO-free products, will be available to business class passengers of British Airways flights. This is the Company's second airline partnership, following an announcement that Pangea Munchie Mix will be available on Air Canada's (TSX: AC) fleet of airplanes.
The Company's Munchie Mix is a superfood rich snack made with dried cranberries, yogurt chips, roasted cashews, almonds and pumpkin seeds. The Company manufactures the Munchie Mix, along with their Plant-Based Patties and Old Fashioned Ghee in-house at their Vancouver Lower Mainland facility. The Company's facility has been approved by both the Canadian Food Inspection Agency and the U.S. Food and Drug Administration.
"We are excited to work with one of the world's leading airlines to introduce the Pangea Munchie Mix into British Airways' fleet of planes." says Pangea CEO Pratap Sandhu, "Whether a traveler is waiting in an airport lounge or on a long-haul global flight, the Munchie Mix is a high-protein, healthy mix that will solve a passenger's snack cravings."
To date, the Company offers its other products, the Pangea Plant-Based Patties and Old Fashioned Ghee via their online website and through over 250 retail outlets across Canada and the United States. CONTINUED… Read this full release and more news for Pangea Natural Foods at: https://www.pangeafood.com/ Other recent developments in the airlines industry include:
Southwest Airlines Co. (NYSE: LUV) recently reported its second quarter 2022 financial results were: Strong quarterly net income of $760 million, Record quarterly net income, excluding special items, of $825 million; Record quarterly operating revenues of $6.7 billion; Cash provided by operations of $1.9 billion; and Liquidity of $17.4 billion, well in excess of debt outstanding of $10.5 billion.
Bob Jordan, Chief Executive Officer, stated, "We are very pleased to report all-time record quarterly revenues and net income, excluding special items, representing a significant milestone in our pandemic recovery. Travel demand surged in second quarter, and thus far, strong demand trends continue in third quarter 2022. As anticipated, we experienced inflationary pressures and headwinds from operating at suboptimal productivity levels in second quarter, which we expect will continue in second half 2022; however, our fuel hedge continues to provide significant protection against higher jet fuel prices. Barring significant unforeseen events and based on current trends, we expect to be solidly profitable for the remaining two quarters of this year, and for full year 2022.
JetBlue Travel Products, a subsidiary of JetBlue Airways (NASDAQ: JBLU), recently announced the expansion of its Insider Experience program for JetBlue Vacations packages to Nassau, Bahamas. The Insider Experience is currently included, free of charge, in all JetBlue Vacations flight + hotel packages to Aruba, Cancún, Montego Bay and Punta Cana, making Nassau the fifth destination to offer customers traveling to these destinations unique concierge services.
Launched in 2020, the Insider Experience program extends JetBlue's service in-destination, putting customers in the trusted hands of local experts to assist them throughout their entire journey with exclusive benefits including airport meet-and-greet, free airport transfers, concierge services, and 24/7 problem solving with an in-destination Insider. Since its inception, over 75,000 customers have already taken advantage of this unique offering.
Air Canada (TSX: AC) (OTCQX: ACDVF) recently provided the following update on its operational improvement initiatives implemented in response to the challenges the global airline industry has encountered emerging from the pandemic.
"At Air Canada, we know how much our customers value travel and their reliance on us to transport them safely, comfortably and without disruption. This is always our goal and we share with them their disappointment that, coming out of the pandemic, the global industry faltered due to the unprecedented challenges of restarting after a two-year, virtual shutdown," said Michael Rousseau, President and Chief Executive of Air Canada.
"Earlier this summer, I committed on behalf of everyone at Air Canada that we would do everything possible to restore our company's industry leading standards of customer care. Among other things, this included innovation at the airport, operational changes and significant schedule adjustments and today these are yielding demonstrable improvement in the metrics that matter most to our customers. While I am very satisfied with the progress to date, and I thank our employees for their unrelenting efforts, we all continue to work hard on behalf of our customers to complete our recovery."
American Airlines Group Inc. (NASDAQ: AAL) recently announced its investment in ZeroAvia, a leader in hydrogen-electric, zero-emission aviation. In addition to the investment, a memorandum of understanding provides American the opportunity to order up to 100 engines from ZeroAvia's hydrogen-electric powertrain development program. The engines are intended to power regional jet aircraft with zero emissions.
"Our investment in ZeroAvia's emerging hydrogen-electric engine technology has the potential to play a key role in the future of sustainable aviation," said Derek Kerr, American's Chief Financial Officer. "We are excited to contribute to this industry development and look forward to exploring how these engines can support the future of our airline as we build American Airlines to thrive forever."
ZeroAvia is working to achieve certain type certifications of its innovative propulsion technology that will pave the way for the engines to be incorporated into the regional jet market in the future. The ZA2000-RJ powertrain is anticipated to enable passengers to fly in zero-emission regional jets as early as the late 2020s.
DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated forty nine hundred dollars for news coverage of the current press releases issued by Pangea Natural Foods Inc. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
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SOURCE Financialnewsmedia.com | https://www.kxii.com/prnewswire/2022/09/12/global-in-flight-catering-services-market-projected-reach-224-billion-by-2025/ | 2022-09-12T13:50:16Z |
CHARLOTTE, N.C., Aug. 29, 2022 /PRNewswire/ -- Temperatures in the Carolinas are forecasted to be above average this week and Duke Energy is providing tips and tools to help customers save energy – and money – while trying to stay cool.
Duke Energy has sufficient resources to meet customers' energy needs and continues to monitor its power plants, power lines and other equipment to help ensure customers receive reliable service during extreme weather.
High temperatures bring higher usage for customers, which can translate into higher bills. But a few smart, simple tips can help energy users take control of their bill and save money.
High temperatures can lead to higher energy usage and bills as customers combat the heat. Below are some tips to help manage your energy use.
- Change air filters regularly. A dirty air filter makes an HVAC system work harder, which uses more energy.
- Set your thermostat at the highest comfortable setting. The smaller the difference between the inside and outside temperatures, the lower your energy usage and bill will be.
- Close blinds, drapes and curtains during the hottest part of the day. Keeping your blinds, drapes and curtains closed will help prevent the sun's rays from heating your house.
- Use a ceiling fan in occupied rooms to supplement your air conditioning. Make sure the fans are set to operate in a counterclockwise direction to push cool air down into living spaces. Only use ceiling fans in rooms that are occupied; fans cool people, not things.
- Grill outdoors. Using your electric oven and stovetop creates a lot of indoor heat. Help save energy by firing up the grill outdoors or prepare meals that don't require cooking.
- Turn off unnecessary lights. Be sure to turn off lights when you leave a room. Lights emit heat and cause your air conditioning system to work harder.
Energy use typically spikes in the summer since air conditioning is one of the biggest energy users in your home. Customers can also easily track and adjust their usage during this week's heat wave.
- Customers with smart meters can check online to view their daily usage. Smart meters collect usage information by the hour, so checking spikes throughout the month – by day and even hour – can show what appliances and behaviors are increasing their bills. Video and b-roll available here.
- Duke Energy customers with smart meters also receive usage alerts through email and/or text halfway through their billing cycle, well before their bill arrives, with their current usage amount and a projection of what their final monthly bill could be.
- Customers can also set budget alerts, so they know when their bill reaches a specific dollar amount of their choosing, allowing them to adjust their usage and help save money on their bill.
- Customers without smart meters can sign up to receive high bill alerts for when adverse weather is projected to increase their electric bills by at least 30% and $30 compared to historical usage.
Other energy-saving programs, tips and guidance to help you manage higher energy bills that can result from increased energy is available at duke-energy.com/Summer.
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. Its electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 50,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 28,000 people.
Duke Energy is executing an aggressive clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business and at least a 50% carbon reduction from electric generation by 2030 and net-zero carbon emissions by 2050. The 2050 net-zero goals also include Scope 2 and certain Scope 3 emissions. In addition, the company is investing in major electric grid enhancements and energy storage, and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear.
Duke Energy was named to Fortune's 2022 "World's Most Admired Companies" list and Forbes' "America's Best Employers" list. More information is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos and videos. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.
Contact: Logan Kureczka
24-Hour: 800.559.3853
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SOURCE Duke Energy | https://www.wibw.com/prnewswire/2022/08/29/duke-energy-offers-tips-tools-help-customers-save-energy-money-temperatures-remain-high/ | 2022-08-29T16:49:23Z |
NEW YORK, Sept. 1, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Co-Diagnostics, Inc. (NASDAQ: CODX) between May 12, 2022 and August 11, 2022, both dates inclusive (the "Class Period"), of the important October 17, 2022 lead plaintiff deadline.
SO WHAT: If you purchased Co-Diagnostics securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Co-Diagnostics class action, go to https://rosenlegal.com/submit-form/?case_id=8137 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 17, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) there was significant falloff in demand of Co-Diagnostics' Logix Smart™ COVID-19 Test as demand for the tests plummeted throughout the quarter ended June 30, 2022; and (2) as a result, defendants' positive statements about the demand for its Logix Smart™ COVID-19 Test lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Co-Diagnostics class action, go to https://rosenlegal.com/submit-form/?case_id=8137 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
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New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
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SOURCE Rosen Law Firm, P.A. | https://www.wibw.com/prnewswire/2022/09/01/rosen-leading-longstanding-top-ranked-firm-encourages-co-diagnostics-inc-investors-secure-counsel-before-important-deadline-securities-class-action-codx/ | 2022-09-02T00:23:56Z |
FLORHAM PARK, N.J. (AP) — There likely will be a moment Sunday — maybe a few — when Robert Saleh looks up into the stands at MetLife Stadium and is reminded of how many lives were instantly changed 21 years ago.
Including his own.
Saleh’s New York Jets will open the NFL regular season against the Baltimore Ravens at home — just across the Hudson River from where hijackers crashed two planes into the World Trade Center during the 9/11 attacks.
Football will be played Sunday, but all the cheers won’t mean anyone has forgotten. Certainly not Saleh, whose oldest brother, David, narrowly escaped the south tower that day.
There were 2,750 others in lower Manhattan who never went home.
And chances are, many of the fans rooting for the Jets — in the stands and at home — to beat Lamar Jackson and the Ravens on Sunday have been mourning personal losses since that day.
“There’s no doubt. It’s amplified because it is 9/11 in this city,” Robert Saleh said. “Not so much for me, but for the people who are in the thick of it. Obviously, I know it’s documented about my brother, but I heard stories this week about the cars being at (the Meadowlands) for months afterward because no one could pick them up. And then the Long Island train stations and the tragedies that led up to this.”
Saleh was only 22 on Sept. 11, 2001, and just starting out in the financial business in Detroit. His brother was training as a financial adviser in New York City.
As Saleh and his family watched on TV as the attacks unfolded there, Washington, D.C., and Shanksville, Pennsylvania, they prayed, hoped and begged for David to be OK.
Several agonizing hours later, David called.
He made it.
Robert, who thought he lost his big brother, immediately began contemplating his own life and career path. After a few more months trudging through the financial world, the former college tight end knew he needed to chase his dream.
He wanted to be a coach.
That two-decade journey began at Michigan State and brought him to Central Michigan, Georgia, the Houston Texans, Seattle Seahawks, Jacksonville Jaguars and San Francisco 49ers before he became an NFL head coach for the first time last year with the Jets.
“I’m supposed to be here and I believe that God does things for a reason,” Saleh said after he was hired. “And I believe this is one of them.”
His debut with the Jets last year — Sept. 12 at Carolina — coincided with the 20th anniversary of the terrorist attacks.
This year, he’ll be standing on the sideline in a stadium filled with fans predominantly from the New York/New Jersey area exactly 21 years since that day.
“I think it’s very personal for a lot of people and I think that passion is felt country-wide, not just in New York,” Saleh said Friday. “But it’s a little bit more important here and you know that (Sunday) means a lot more than just a football game to a lot of people in the stands.
“That’s why I think that’s what’s going to make Sunday pretty cool.”
Sports became a method of healing and a source of unity when they returned to stadiums across the country a few weeks after the attacks.
And they have continued to do so in the years since, particularly during the days surrounding the anniversary. That’s something not lost on Ravens coach John Harbaugh.
“We’re going up to New York, going to be in the Meadowlands, it’s going to be 9/11,” Harbaugh said. “It’s a great honor to be chosen to go up there and play on 9/11. We take it very seriously, that part of it.
“We know the environment, we know how loud it’s going to be, we know how enthusiastic they’re going to be, their demeanor. They’re going to be into it. We have to match that as best we can.”
There will be poignant moments of silence before the game.
And very likely some tears.
A 100-yard American flag will be unfurled on the field by members of the New York Police Department, New York City Fire Department and the Port Authority of New York and New Jersey Police Department.
The Jets will then begin a new game day tradition by having fans sing the national anthem. It will be led by NYPD officer Brianna Fernandez, whose late father, Luis, was a 23-year veteran of the NYPD who helped in the rescue and recovery efforts.
A stadium again will be filled with voices united by tragedy and bonded by football.
“I know y’all like to tailgate. I would appreciate it if you all get out there early, get in there early,” Saleh said, directing his message to the fans. “I would love if everyone sang the national anthem. Don’t just listen to it, just sing it.
“I think it’s the coolest thing when the stadium sings it. I think it’s going to be electric.”
___
AP Sports Writer Noah Trister contributed.
___
More AP NFL coverage: https://apnews.com/hub/nfl and https://twitter.com/AP_NFL | https://cw33.com/sports/ap-sports/ap-saleh-knows-jets-playing-at-home-on-9-11-has-special-meaning/ | 2022-09-11T00:25:38Z |
PITTSBURGH, June 27, 2022 /PRNewswire/ -- "I wanted to create a simple accessory to protect a car seat from becoming soiled by diaper leaks, vomit or food and drink spills," said an inventor, from Sugarland, Texas, "so I invented the DISPOSABLE BABY CAR SEAT LINER. My design would offer a convenient alternative to removing, washing or replacing the cloth seat cover."
The invention provides an improved way to protect a child's car seat against spills and messes. In doing so, it ensures that the original seat cover remains clean, dry and odorless. It also eliminates the hassle of trying to remove and clean the original car seat cover and it saves time and effort. The invention features a disposable design that is easy to apply and use so it is ideal for parents with young children and babies.
The original design was submitted to the Houston sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-HOF-189, 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.kxii.com/prnewswire/2022/06/27/inventhelp-inventor-develops-disposable-baby-car-seat-liner-hof-189/ | 2022-06-27T17:38:52Z |
LIAOCHENG, China, July 26, 2022 /PRNewswire/ -- Under the guidance of the International Exchange and Cooperation Bureau of the Ministry of Culture and Tourism and the International Cooperation Department of the National Radio and Television Administration, the launching ceremony for China's Grand Canal Overseas Tourism Promotion Season 2022 was held recently in Liaocheng, the Water City to the north of the Yangtze River. The event was hosted by the Network of International Culturalink Entities and Departments of Culture and Tourism of eight provinces along the Canal, and organized by the CPC Liaocheng Municipal Committee and the People's Government of Liaocheng.
With the theme "Touring the ancient Canal and enjoying the beauty of its intangible cultural heritage", the main purpose of the launching ceremony was to showcase and promote the Canal culture by demonstrating the charm of this historic Canal, according to the Foreign Affairs Office of the People's Government of Liaocheng.
At the ceremony, representatives from the Network of International Culturalink Entities and the National Academy of Chinese Theatre Arts signed a strategic cooperation agreement; attendees watched a highlight video of the event; and Liaocheng's 12 key cultural tourism projects were signed.
During the ceremony, a variety of other activities were held, such as the Grand Canal Handicraft Exhibition, the Grand Canal and Yellow River Painting and Calligraphy Exhibition, the Grand Canal and Yellow River Cultural Tourism Photography Exhibition, and the Promotion of the Grand Canal City.
Over recent years, Liaocheng has achieved great results in its transformation into a stellar city by showing the cultural and modern value of the Yellow River and the Grand Canal, and demonstrating the unique charm in the combination of the agricultural and commercial sectors.
Image Attachments Links:
Link: http://asianetnews.net/view-attachment?attach-id=426292
Caption: The launching ceremony for China's Grand Canal Overseas Tourism Promotion Season 2022
Link: http://asianetnews.net/view-attachment?attach-id=426295
Caption: The Grand Canal runs through the city.
Link: http://asianetnews.net/view-attachment?attach-id=426296
Caption: Key projects are being signed.
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SOURCE Foreign Affairs Office of the People's Government of Liaocheng | https://www.wibw.com/prnewswire/2022/07/26/ceremony-launch-chinas-grand-canal-overseas-tourism-promotion-season-2022-took-place-liaocheng/ | 2022-07-26T15:05:29Z |
Former Hampton Roads Chamber SVP, Programs & Communications Fills Resort's Key Sales Role
VIRGINIA BEACH, Va., July 25, 2022 /PRNewswire/ -- The iconic Cavalier Resort Virginia Beach welcomes Priscilla Monti as Senior Sales Manager to its industry leading sales team!
Throughout her career, Monti has cultivated an impressive network, spanning a myriad of industries along the East Coast. She is an award-winning journalist who worked as a TV News Anchor-Reporter in Virginia, Connecticut, and Maine. While working at WVEC and WTKR in Norfolk, Monti grew robust ties with regional leaders and community builders, including professional alignment with Optima Health and ForKids, helping homeless families and Make-A-Wish. Monti also found fulfillment through volunteer work for the Hampton Roads Chamber, where her passion for progress and programming elevated her to her most recent position, Senior Vice President, Programs and Communications for the Hampton Roads Chamber. During her six years with the Chamber, Monti helped the business community survive and re-emerge from the pandemic.
"Priscilla is just one of those one-in-a-million finds and is a tremendous addition to our team," says Cavalier Resort Director of Sales & Marketing Michael Kokolis. "Attracting top talent to fill crucial roles has been a hallmark of our company's success, and the addition Priscilla Monti as Senior Sales Manager continues that legacy."
As Senior Sales Manager, Monti will focus on all State, Regional, and National Associations looking to hold conferences, meetings, and events at the famed multi-property, oceanfront resort.
The Cavalier Resort is a collection of historic and modern hotels, a luxury beach club and private residences offering guests the finest accommodations, signature amenities, resort-wide charging privileges, and unparalleled views of Virginia's coast. Developed and operated by the region's largest hospitality employer, Gold Key|PHR, The Cavalier Resort includes the exquisitely restored Historic Cavalier Hotel and Beach Club, the panoramic Marriott Virginia Beach Oceanfront, and the newest, equally impressive addition, Embassy Suites by Hilton Virginia Beach Oceanfront. The Cavalier Resort's $350MM masterplan has delivered an all-in one destination to the Virginia Beach Oceanfront with a vast collection of 547 guest rooms, over 40 idyllic meeting & event spaces, 6 indoor/outdoor swimming pools, 3 fitness centers, 9 restaurants, an on-site distillery (the first of its kind in the country), and an expansive full-service spa. The three magnificent resort hotels are connected by lush and meticulously manicured lawns, gardens, and outdoor social spaces, creating a one-of-a-kind resort experience that has become one of the country's most sought-after, and celebrated beach destinations.
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SOURCE The Cavalier Resort | https://www.kxii.com/prnewswire/2022/07/25/acclaimed-cavalier-resort-virginia-beach-appoints-priscilla-monti-senior-sales-manager/ | 2022-07-25T16:04:22Z |
HOUSTON, May 31, 2022 /PRNewswire/ -- HOLBA celebrated the achievements of the top landlord representatives during its 23rd Landlord Representative of the Year Award ceremony held at the River Oaks Country Club on May 24th, 2022. Industry performers were recognized for their 2021 accomplishments with HOLBA's Landlord Representative of the Year, Deal of the Year, and Landlord Representative Rising Star awards.
"HOLBA honored some of the most accomplished landlord representatives," said Charlie Neuhaus, President of HOLBA. "These representatives were acknowledged for their sizable and complex transactions, their contribution to the city of Houston, the communities they serve, and their passion for mentoring young professionals starting in this industry."
HOLBA's 2021 Landlord Representative of the Year was awarded to Tyler Garrett, Senior Vice President of the Houston Office Division of Transwestern. Garrett was acknowledged for the numerous clients he represents in all of Houston's major submarkets and his breadth of market knowledge. Garret has leased over 3.5 million square feet throughout his career. He has also received numerous awards and recognition.
HOLBA's 2021 Deal of the Year was awarded to Wade Bowlin and Marti Grizzle with Madison Marquette for the Shell Oil lease renewal. This deal had a significant impact on Houston's central business district which had some of the highest vacancy rates in the nation before the pandemic and the shift to working from home. Shell Oil Company, whose lease was up in 2025, was considering moving its downtown office to west Houston where thousands of employees had already been relocated. Wade and Marti, in collaboration with the tenant representatives Tim Relyea and Joseph Peddie, were able to get the lease renewed at 1000 Main.
HOLBA's 2022 Landlord Representative Rising Star was awarded to Jenny Mueller Sealy, Senior Associate on the Investor Leasing Team at CBRE. Sealy was acknowledged for her significant role in transactions and her involvement in associations and the community.
About HOLBA
HOLBA is the Houston Office Leasing Brokers Association for tenant brokers. HOLBA supports and advances the interests of the office leasing brokerage industry – promoting the profession and encouraging professional development.
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SOURCE Houston Office Leasing Brokers Association | https://www.mysuncoast.com/prnewswire/2022/05/31/houston-office-leasing-brokers-association-holba-celebrates-its-23rd-landlord-representative-year-awards-honoring-houston-landlord-representatives/ | 2022-05-31T21:13:10Z |
NASHVILLE, Tenn., July 15, 2022 /PRNewswire/ -- The Tennessee Association for Home Care (TAHC) is offering free At-Home COVID-19 and Flu Vaccines to homebound Tennesseans. The program is designed to help Tennessee residents who want to get their COVID-19 or Flu vaccine but may have difficulty getting to an appointment due to age, health, income, or disability. Tennesseans who meet these conditions can reach out to their county's provider and request an appointment. Once the appointment is made, the process is simple: a qualified nurse travels to the residence for free and with no travel required for the resident. The flu vaccine should be available around Fall 2023, so once flu season begins both vaccines can be administered on the same day at home. To find the provider for your area and schedule an appointment, visit www.tnhomecare.org/armup.
The Tennessee Association for Home Care is a non-profit organization serving home health agencies, hospice organizations, and home care agencies in Tennessee. Through representation, advocacy, and education, TAHC works to improve access to home care services across the state. Learn more about the Tennessee Association of Home Care at tnhomecare.org. For questions, please contact Maegan Carr Martin, JD at maegan@tnhomecare.org.
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SOURCE Tennessee Association for Home Care | https://www.kxii.com/prnewswire/2022/07/15/tennessee-association-home-care-vaccinating-homebound-residents/ | 2022-07-15T13:48:03Z |
CAPE CANAVERAL KENNEDY SPACE CENTER, June 16, 2022 /PRNewswire/ -- A legendary F-104 Starfighter flyby kicked off the grand opening of Gateway™: The Deep Space Launch Complex at Kennedy Space Center Visitor Complex yesterday. Confetti and sparks flew as Jerry Jacobs, Jr., CEO, Delaware North, Janet Petro, director, Kennedy Space Center and Therrin Protze, COO, Kennedy Space Center Visitor Complex, pushed a ceremonial red button to officially welcome guests and invite them to a first glimpse inside the new, 50,000-square-foot attraction.
Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/9059651-kennedy-space-center-opens-gateway
With a focus on the present and future of collaborative space exploration, guests to Gateway can experience the interstellar travel of tomorrow while celebrating everything happening right now within the space program. Through immersive education, atmospheric effects and a motion theater experience, guests see, hear and feel what it's like to travel in space. It features a showcase of NASA and commercial spacecraft hardware as well as the spaceport of the future, Spaceport KSC.
"Gateway: The Deep Space Launch Complex is a bold new attraction where guests will personally experience NASA's next giant leap and beyond, highlighting all the excitement within the space industry," said Protze.
Highlights include:
- Aerojet Rocketdyne RL10 Upper-stage Rocket Engine
- Boeing Starliner Simulator (scale model)
- Lockheed Martin Space Habitat (scale mockup)
- Orion Exploration Flight Test-1 Capsule (flight flown)
- Sierra Space Dream Chaser (full-scale model)
- SpaceX Cargo Dragon COTS-2 (flight flown)
- SpaceX Falcon 9 booster (flight flown)
- ULA Delta IV Heavy rocket (scale model)
- ULA Vulcan rocket (scale model)
In addition to offering a "nose-to-nose" view of the SpaceX Falcon 9 booster, Gateway's second floor features a 30-foot, floor-to-ceiling Robotic Space Explorers Interactive Wall touchscreen display where guests can learn about 40 different satellites and probes in space. A HoloTube presentation station teaches about the high-powered James Webb Space Telescope through holographic imagery, video and animation via a touchscreen kiosk.
At Spaceport KSC, guests are transported to an airport of the future, hearing the atmospheric airport chatter and seeing distant views of active launches and landings through galactic spaceport windows. The main concourse showcases destination, departure and arrival information. Guests then board "spaceships" – in the form of a two-story, motion theater – for one of four journeys: Cosmic Wonders, Daring Explorers, Red Planet or Uncharted Worlds. Each distinct destination allows for the possibility of a different experience with each visit.
For more information, click here.
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SOURCE Kennedy Space Center Visitor Complex | https://www.mysuncoast.com/prnewswire/2022/06/16/gateway-deep-space-launch-complex-lands-kennedy-space-center-visitor-complex/ | 2022-06-16T20:16:17Z |
Agents seize $7.8 million worth of liquid meth in drug bust operation
ATLANTA (WGCL/Gray News) - Authorities in Georgia say a tip helped them bust a multimillion-dollar meth lab this week.
According to the Georgia Bureau of Investigation, the lab was equipped to manufacture crystal methamphetamine and was located in a horse stable.
WGCL reports agents began investigating after they were informed about suspicious activity at the property. They executed a search warrant and discovered an active methamphetamine conversion lab inside one of the buildings.
Agents with the Appalachian Regional Drug Enforcement Office said they recovered 255 gallons of liquid methamphetamine solution and 5 kilograms of finished crystal meth.
Officials said with the amount of liquid methamphetamine solution found, the lab was likely capable of producing more than 700 kilograms of crystal methamphetamine, with a street value of at least $7.8 million.
According to authorities, 34-year-old Dustin Burgess and 30-year-old Uriel Mendoza were arrested and are facing several drug-related charges.
Due to the size of the lab, agents said they contacted the U.S. Drug Enforcement Administration Clan Lab Team to help collect evidence and dispose of hazardous materials.
Copyright 2022 WGCL Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/08/27/agents-seize-78-million-worth-liquid-meth-drug-bust-operation/ | 2022-08-27T21:17:48Z |
GENEVA (AP) — Switzerland’s defense department said Wednesday that any delay to the planned multibillion-dollar acquisition of U.S.-made F-35 fighter jets would have “grave consequences” for Swiss security, after opponents succeeded in a campaign to put the purchase to a referendum.
On Tuesday, the Swiss government announced that campaigners had cleared the bar of 100,000 signatures on a petition calling for a referendum on the planned purchase of 36 of the Lockheed Martin-built planes as part of a vast refurbishment of capability of the Swiss air force by 2030.
The activists want the referendum to be held in March — the same month that the U.S. offer would expire. The Swiss defense department, addressing a meeting of the Swiss executive branch on Wednesday, argued that the timetable is simply too tight.
Opponents say the planes — at a purchase cost of about $6 billion — are too expensive, would tie Swiss security too closely to the United States, and are ill-suited for the needs of Switzerland. The Swiss air force mostly uses such fighters for air patrols in its European skies and not in conflicts abroad. The Swiss constitution holds that Switzerland is a neutral country, curtailing its ability to take part in foreign conflicts.
In a statement on Wednesday, the Swiss government noted that other Western countries including Canada, Finland and Germany had also opted for the F-35.
The Swiss government announced its choice of the F-35 in June last year after a “comprehensive technical evaluation” based on a cost-benefit analysis, and pointed to technology, effectiveness, and broad scope of information provided to pilots in the cockpit of the aircraft.
Other contenders were Boeing’s F/A-18 Super Hornet, France’s Rafale — produced by Dassault Aviation — and the Eurofighter from an Airbus-led consortium. | https://cw33.com/news/international/ap-international/swiss-govt-warns-about-possible-lag-in-fighter-jet-purchase/ | 2022-08-25T12:03:24Z |
The HVAC company plans to use the format to promote the home service profession and discuss topics surrounding the trades
LOS ANGELES, Aug. 22, 2022 /PRNewswire/ -- Rooter Hero Plumbing & Air, a plumbing and HVAC company serving residential and commercial locations in California and Arizona, today announced the launch of its podcast, HeroTalk, which will promote the home service trades and discuss hot topics and issues affecting the industry.
"We are excited to be able to offer our expertise on everything involving the home service industry from customer service to the work in the field to leadership and management," said John Akhoian, co-founder and CEO of Rooter Hero. "The topic list should appeal to anyone who works in the industry and to people who want to learn more about it."
Akhoian said Rooter Hero has aired podcasts in the past but not on a consistent basis. HeroTalk will air weekly on Thursdays.
The podcast features Rooter Hero Contact Center Manager David Powers and Social Media Coordinator Katherine "Kat" Conches. Powers and Conches have already interviewed several experts, including Akhoian and other Rooter Hero managers, and have discussed topics ranging from the power of positive reviews to time management.
"We want this podcast to be as entertaining as it is informative," Powers said. "The topics are unique and delve into aspects of the home service trades that other podcasts don't investigate. We hope these new perspectives invite discussion with others in the industry and makes the listener think about things from a different angle."
The podcast is available on Google Podcasts, Amazon and Spotify.
Since 2011, Rooter Hero has been committed to providing the best in plumbing and drain services. With more than 90 years of plumbing experience, the Rooter Hero team prides themselves on creating a memorable experience for each customer.
The company provides solutions for both residential and commercial needs and offers 24/7 emergency service. Operating in service area locations throughout California and Arizona, Rooter Hero offers options such as HVAC service and installation in select areas. For more information, please visit https://rooterhero.com or call 844-219-2215.
MEDIA CONTACT:
Heather Ripley
Ripley PR
(865) 977-1973
hripley@ripleypr.com
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SOURCE Rooter Hero | https://www.wibw.com/prnewswire/2022/08/22/rooter-hero-plumbing-amp-air-announces-launch-herotalk-podcast/ | 2022-08-22T11:36:32Z |
In recent years, public figures openly sharing their mental health struggles have helped lift fellow sufferers out of silent shame and stigma.
A few decades earlier, the introduction of new medications to treat depression and anxiety disrupted the depiction of mental health problems as a personal failing in favor of an expression of brain chemistry.
Today, new understandings of the reciprocal communication between mind and body make anxiety far more preventable than previously known.
In "The Anatomy of Anxiety: Understanding and Overcoming the Body's Fear Response," holistic psychiatrist Dr. Ellen Vora unpacks the physiological underpinnings of stress and fear and shares pioneering strategies for both prevention and treatment.
This conversation has been edited and condensed for clarity.
CNN: What's the biggest misunderstanding people have about anxiety?
Dr. Ellen Vora: Anxiety is not simply a genetic chemical imbalance. It's largely based in the state of the physical body, which is something we can change.
Recognizing what I call "false anxiety" allows us to take steps to get our body into a better balance, which helps ease anxiety symptoms. This is the hopeful, empowering message I want to convey.
CNN: How does the mind-body connection impact anxiety?
Vora: Today, many people recognize that mental health impacts the body. They understand top-down messaging -- that a thought like, "Oh, no, I have a test tomorrow!" could impact their physical body, say, with an upset stomach.
Less widely recognized is the delicate and deeply interconnected web of back-and-forth communication between body and mind.
Modern life assaults our digestive tract through chronic stress, processed food and pesticides. The compromised ecosystem of bacteria in our digestive system leads to an unhealthy, inflamed gut lining, which triggers a message to the brain, "Things are not OK down here." When our physical body is out of balance, it tells our brain to feel anxious.
CNN: How has your investigation of anxiety informed your perspective on depression?
Vora: Many patients in my practice have both depression and anxiety. Sometimes they toggle between them. Other times the two states coexist. Chronic anxiety can deplete us over time, leaving us in a hollowed-out state of depression. Both are manifestations of the brain saying, "I'm not OK."
CNN: What coping strategies can help?
Vora: When our body gets tripped into a stress response, it can feel synonymous with anxiety and panic. First, we must eliminate avoidable "false anxiety" through focusing on nourishment and restorative sleep while monitoring the effects of technology, caffeine and alcohol.
Oftentimes, I like to start with stabilizing blood sugar because it has such a quick impact on our day-to-day anxious feelings.
The modern American diet is built on a foundation of refined carbs and milkshakes disguised as coffee drinks. We end up on this roller coaster of blood sugar spikes chased by insulin, followed by blood sugar crashes that can feel identical to anxiety. Stabilizing blood sugar offers powerful relief from both anxiety and the sense of doom and unease that many people carry in the pit of their stomach.
The definitive solution, to eat a blood sugar-stabilizing diet with fewer refined carbohydrates and more protein and healthy fats, is a lovely strategy. But if that's 180 degrees from how you're eating now, here's a short-term fix: Every few hours, eat a spoonful of sunflower, almond or other nut butter, ghee or coconut oil. This creates a safety net that can blunt any blood sugar crash. Many patients have told me this intervention alone stopped their panic attacks.
CNN: You advise some patients to eat more meat. Why?
Vora: A lot of patients come to me only eating smoothies, matcha lattes, chia seed pudding or big salads. Their constant shakiness comes from their diet lacking substance. A semi-vegetarian diet where meat is not the centerpiece but more of a condiment is probably a sweet spot for wellness.
Panic attacks and a sense of always feeling on edge can stem from a body never getting grounded with adequate nutrition. A warming, nourishing and well-rounded diet can ease symptoms of both anxiety and depression.
CNN: If you could wave a magic wand, what nutrition protocols would your patients adopt?
Vora: I don't want to encourage people down the path toward feeling fragile, obsessive or fearful about food. That's not helping anybody's anxiety. Generally speaking, I encourage people to err on the side of eating real food and avoiding fake, processed food.
The idea is to approach food the way your great-great-great-grandmother's culture did, by eating a balance of minimally processed protein, carbohydrates and healthy fats, and generally eating what's local and in season. If you come from a mixture of different lines of ancestry, pick and choose and then listen to your body.
Generally, what works for our bodies echoes where on the planet we descended from. Overall, try to eat real food that was grown with integrity, ideally on small, sustainable farms with humane animal husbandry practices rather than large factory farms and concentrated animal feeding operations.
CNN: What does "completing the stress cycle" mean, and why is it important?
Vora: Balancing your nervous system is critically important to regulating anxiety.
Feeling anxious or going into panic happens when your system tips past the zero mark into a stress response. Stress is inevitable, of course. Many of us have accumulated a lifetime of it yet fail to complete the stress cycle by releasing the pent-up energy.
Animals seem to know instinctively how to discharge the spike in adrenaline they've experienced and reset the nervous system. After an antelope has a life-or-death encounter, it shakes. When a goose comes away from an altercation, it flaps its wings in a particular way.
We, as socialized humans, have no shortage of stressors, but we often lack a practice for releasing the lingering effects. For some of my patients, exercise fits the bill. I'm all for any kind of creative expression: singing, dancing, chanting, drawing, journaling, therapy, processing, talking, cuddling, playing with a dog, having a belly laugh or having a good ugly cry. All of these reset our body, telling it, "The threat has passed and now I'm safe."
I practice the weirdest of all: shaking. To reset my nervous system, I put on shamanic drum music, close my eyes and let my body move for about 90 seconds. Afterward, I'm not carrying the same stress.
It also increases my awareness of what my body is trying to communicate to me. After I shake, I sit in meditation. Usually something I've been unconsciously ignoring but need to pay attention to bubbles up.
True anxiety comes from our body's attempts to communicate. We need to listen.
CNN: What breath practice do you recommend for calming anxiety?
Vora: My go-to is the 4-7-8 breath. Without straining, gently inhale for a count of four, hold for seven and exhale for eight. With anxiety, it's important to have a loose, easy grip on these structured practices. Feeling like you have to control the breath perfectly is counter-therapeutic.
Typically, our breath is rapid and shallow as we inhale more strongly than we exhale. But if we're on vacation, lying on a hammock without a care in the world, our respiration will slow to deep diaphragmatic breathing.
Breathing as if we're relaxed sends a transmission up to the brain along the vagus nerve. It tells our brain the organism is calm, causing a neuro-hormonal cascade that helps relax our whole body.
This practice is easy, free, takes just 30 seconds, and you can do it just about anywhere.
CNN: How long does the effect last?
Vora: Until real life sets in again! Seriously, I think of this, and other relaxation practices, as a multivitamin. The more time in a day that you can put your body into a relaxation response, the farther your body will need to "travel" to rise over the zero line into stress.
Regularly galvanizing relaxation throughout your day creates a habit, establishing familiarity with a state of calm that we can come back to as needed.
It's as if you create a peaceful destination where, in almost any moment, your mind and body can return to rest and reset.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/features/health/stop-anxiety-before-it-starts-with-these-new-strategies/article_984822c1-ba85-5a8d-84e9-af69e30ecfbc.html | 2022-04-05T10:58:00Z |
CALGARY, AB, June 30, 2022 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (NASDAQ: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, announced today that its Canna Cabana retail cannabis store located at 993 Fir Street in Sherwood Park, Alberta has begun selling recreational cannabis products and consumption accessories for adult use. This opening represents High Tide's 127th branded retail location across Canada, and 66th in Alberta, selling recreational cannabis products and consumption accessories. The store is High Tide's first location in Sherwood Park, which is a community of over 70,000 people immediately adjacent to Alberta's capital city of Edmonton. It is part of a well-trafficked retail and commercial district anchored by numerous national big box, grocery, and discount retailers.
"With the opening of this new store in the fast-growing community of Sherwood Park, we are further growing our footprint in the greater Edmonton region and bringing our innovative discount club model to the doorsteps of thousands of potential new customers. Our Canna Cabana locations in Edmonton and other nearby communities have been well-received, and we expect to see similar success in Sherwood Park," said Raj Grover, President and Chief Executive Officer of High Tide. "As the largest non-franchised retailer in the province of Alberta with over 65 locations, we are prioritizing expansion in markets where we are currently not present, providing for continued brand building and revenue generation opportunities. We remain focused on our growth across Canada, including our imminent entry into British Columbia and our rapid expansion in Ontario, but as Canada's second-largest cannabis market, Alberta has been and will remain a major pillar in our overall strategy."
High Tide is a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets. The Company is the largest Canadian retailer of recreational cannabis as measured by revenue, with 127 current locations spanning Ontario, Alberta, Manitoba, and Saskatchewan. High Tide was featured in the third annual Report on Business Magazine's ranking of Canada's Top Growing Companies in 2021 and was named as one of the top 10 performing diversified industries stocks in the 2022 TSX Venture 50™. The Company is also North America's first and only cannabis discount club retailer, featuring Canna Cabana, Meta Cannabis Co., and Meta Cannabis Supply Co. banners, with additional locations under development across the country. High Tide's portfolio also includes retail kiosk and smart locker technology – Fastendr™. High Tide has been serving consumers for over a decade through its established e-commerce platforms including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com and more recently in the hemp-derived CBD space through Nuleafnaturals.com, FABCBD.com, BlessedCBD.co.uk, and BlessedCBD.de, as well as its wholesale distribution division under Valiant Distribution, including the licensed entertainment product manufacturer Famous Brandz. High Tide's strategy as a parent company is to extend and strengthen its integrated value chain, while providing a complete customer experience and maximizing shareholder value.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information about High Tide Inc., please visit www.hightideinc.com, its profile page on SEDAR at www.sedar.com, and its profile page on EDGAR at www.sec.gov.
Certain statements in this news release are forward-looking information or forward-looking statements. Such information and statements, referred to herein as "forward-looking statements" are made as of the date of this news release or as of the date of the effective date of information described in this news release, as applicable. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (generally, forward-looking statements can be identified by use of words such as "outlook", "expects", "intend", "forecasts", "anticipates", "plans", "projects", "estimates", "envisages, "assumes", "needs", "strategy", "goals", "objectives", or variations thereof, or stating that certain actions, events or results "may", "can", "could", "would", "might", or "will" be taken, occur or be achieved, or the negative of any of these terms or similar expressions, and other similar terminology) are not statements of historical fact and may be forward-looking statements.
Such forward-looking statements are based on assumptions that may prove to be incorrect, including but not limited to the ability of High Tide to execute on its business plan and that High Tide will receive one or multiple licenses from Alberta Gaming, Liquor & Cannabis, British Columbia's Liquor Distribution Branch, Liquor, Gaming and Cannabis Authority of Manitoba, Alcohol and Gaming Commission of Ontario or the Saskatchewan Liquor and Gaming Authority permitting it to carry on its Canna Cabana Inc. business. High Tide considers these assumptions to be reasonable in the circumstances. However, there can be no assurance that any one or more of the government, industry, market, operational or financial targets as set out herein will be achieved. Inherent in the forward-looking statements are known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements, or industry results, to differ materially from any results, performance or achievements expressed or implied by such forward-looking statements.
The forward‐looking statements contained herein are current as of the date of this news release. Except as required by law, High Tide does not have any obligation to advise any person if it becomes aware of any inaccuracy in or omission from any forward-looking statement, nor does it intend, or assume any obligation, to update or revise these forward-looking statements to reflect new events or circumstances. Any and all forward-looking statements included in this news release are expressly qualified by this cautionary statement, and except as otherwise indicated, are made as of the date of this news release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.
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SOURCE High Tide Inc. | https://www.kxii.com/prnewswire/2022/06/30/high-tide-opens-new-canna-cabana-store-sherwood-park/ | 2022-06-30T11:10:36Z |
NEW YORK, Aug. 10, 2022 /PRNewswire/ -- GLO Pharma, the parent company of breakthrough subtopical skincare brand Ourself, today announces the appointment of Dayna Quanbeck to its Board of Directors. The Rothy's CFO will join the board effective immediately, and her appointment adds a new seat to the GLO Pharma board, which is led by Chairman Scott L. Glenn. The GLO Pharma Board now consists of five members, four of which are women.
Ms. Quanbeck brings to the Board a deep passion for and relevant experience with consumer products. She spent the first half of her career in public accounting and investment banking, including seven years at Bank of America Merrill Lynch in the retail, apparel and footwear sector working on mergers and acquisitions and public and private market transactions. After her banking career, Ms. Quanbeck moved to the operating side, serving in financial leadership roles at Charlotte Russe and now the DTC footwear brand Rothy's, where she serves as CFO and as a member of the Rothy's Board. Her responsibilities as CFO include finance, strategy, data and analytics, and consumer insights. At Rothy's, she has been instrumental in growing the company valuation to $1 billion.
Ms. Quanbeck's background in growing new business concepts and scaling companies globally makes her a valuable addition to the GLO Pharma board of directors. "Dayna brings the best of both worlds to our Board: strong analytical skills, coupled with strategic acumen," says GLO Pharma Chairman Scott Glenn. "She is proficient not only at contributing to strategy development, but also has an innate ability to constructively analyze businesses to ensure growth and profitability. We are honored to have her join our early stage company as we enter into a phase of high growth."
This appointment comes on the heels of GLO Pharma's first consumer brand launch, Ourself, in February 2022, and the recent announcement of Ourself President Vimla Black-Gupta's role to include CEO. Ourself is backed by $40M in funding to date from investors including Lightspeed Venture Partners, First Round Capital, and Mr. Glenn.
Media Contact:
Factory PR // Liz Hill
liz@factorypr.com
About GLO Pharma:
GLO Pharma is a biotechnology company dedicated to developing innovative approaches to beauty and aesthetics. It was founded in 2018 by Scott Glenn and Lauren Otsuki, innovators within the biotechnology space for over 20 years. Mr. Glenn and Ms. Otsuki previously founded and developed professional skincare companies Alastin Skincare and SkinMedica, along with numerous pharmaceutical companies aimed at solving some of the toughest medical issues in infertility, diabetes, cardiovascular disease, and cancer. In 2022, GLO Pharma launched its first consumer brand, Ourself, as the first-ever Subtopical Skincare System™, bridging the gap between traditional skincare products and clinical procedures through the use of biotechnology.
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SOURCE GLO Pharma | https://www.wibw.com/prnewswire/2022/08/10/glo-pharma-appoints-rothys-cfo-dayna-quanbeck-its-board-directors/ | 2022-08-10T16:16:58Z |
COLUMBUS, Ohio, May 31, 2022 /PRNewswire/ -- With the development and implementation of a revised strategic plan, Tower Hill Insurance Group will cease writing business into Tower Hill Preferred Insurance Company and Tower Hill Signature Insurance Company. One step in the strategic plan was to voluntarily withdraw Financial Stability Ratings® (FSRs) of A, Exceptional effective May 31, 2022.
Tower Hill is excited about the opportunities Exchange offers to agents and customers. Transitioning to the reciprocal insurer business model affords continued growth through increased capacity. As they celebrate their 50th anniversary, they remain dedicated to the Florida market, their agency partners and customers.
Demotech's President and co-founder Joseph Petrelli noted, "Tower Hill Insurance Group is a thought leader focused on being responsive to consumers and producers. We look forward to continuing our relationship as they move forward with Tower Hill Insurance Exchange and Tower Hill Prime Insurance Company. Exchange and Prime retain the FSRs affirmed earlier this year. Furthermore, Tower Hill has provided definitive accommodations to all Tower Hill Preferred and Tower Hill Signature policyholder claims."
Demotech, Inc. was the first firm to review independent, regional and specialty insurers, 1989. More recently, we were the first to call for a special session on Florida's property insurance marketplace. Since 1985, Demotech has served the industry by assigning accurate, reliable, and proven Financial Stability Ratings® to Property & Casualty insurers and Title underwriters. Demotech's philosophy is to review and evaluate insurers based on their area of focus and execution of their business model rather than solely on financial size. Visit www.demotech.com for additional information.
Founded in 1972, Tower Hill Insurance is a leader among residential and commercial property insurers in the Southeast. Financial strength, product expertise, a comprehensive reinsurance program, and exceptional claims service are core business strategies of the organization.
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SOURCE Demotech, Inc. | https://www.mysuncoast.com/prnewswire/2022/05/31/two-demotech-financial-stability-ratings-voluntarily-withdrawn/ | 2022-05-31T21:16:05Z |
Friday forecast: Rain ending with clouds remaining
We warm up and dry out beginning this weekend
TOPEKA, Kan. (WIBW) - Rainfall amounts from yesterday range from 1-3″ with locally higher amounts. The rain ends this morning and we dry out and warm up beginning this weekend. Mother’s Day should remain dry with partly cloudy skies and temperatures in the mid 80s. Winds could be a little breezy though. We tur up the heat next week with several days in the 90s.
Today: Mostly cloudy through the day. Highs in the mid to upper 60s. Winds N at 5 to 10 mph.
Tonight: Partly cloudy. Lows near 50º. Winds becoming SE around 5 mph.
Tomorrow: Mostly sunny. Highs in the mid to upper 70s. Winds SE at 10 to 15 mph, gusting to 20 mph.
The Sun makes a full return to the area by Saturday with temperatures also warming to the md 70s and winds southeast at 10 to 15 mph. This is the start to our warm up. Saturday stays mild in the low 60s allowing us to warm to the mid 80s on Mother’s Day with skies becoming partly cloudy. Winds Mother’s Day could be a little breezy at times gusting to 25 mph out of the southeast.
We don’t necessarily cool down Sunday night with overnight temperatures hovering around 70º. We make a run at touching 90º Monday afternoon under sunny skies with south winds at 15 to 25 mph. We stay in the low to mid 90s for Tuesday and Wednesday until possibly dipping down to the upper 80s on Thursday, but still warm. Skies during this period should remain mostly sunny with breezy south winds between 10 to 20 mph through this coming Friday.
There is a slight chance for rain beginning Tuesday night, however most spots will stay dry. A stray rain shower or two is also possible during the day Wednesday, but again most will stay dry. The bets chance for rain next week looks to be on Wednesday night. This chance, however, is also a slight chance and right now I expect most areas to stay dry then too. Looking forward, this last week of widespread heavy rainfall looks to be our last widespread event for at least the next two weeks.
Taking Action:
- Rain is slowly coming to end this morning, but it will end. Rainfall totals since Monday range between 1-3″ areawide. This looks to be our last significant widespread rain for awhile.
- Mother’s Day for now looks dry, partly cloudy and slight breezy. Being outdoors should not be a problem.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/05/06/friday-forecast-rain-ending-with-clouds-remaining/ | 2022-05-06T09:22:00Z |
Company Achieves Continued Global Recognition of Planful's People-first Culture
REDWOOD CITY, Calif., June 14, 2022 /PRNewswire/ -- Planful Inc., the pioneer of financial performance management cloud software, today announced the company has earned Great Place to Work® certification for its India operations for the first time in the company's history. The prestigious award is based entirely on what current employees say about their experience working at Planful. This certification comes on the heels of Planful earning Great Place to Work® certification in both the U.S. and Canada.
Over the past two years, Planful launched new programs to support employees which include wellness resources, career development programs, generous leave to parents, support for parents while traveling, and team bonding opportunities throughout the year. Planful recently hosted Planful Palooza, the company's in-person kickoff in both the U.S. and India. This recognition from Great Place to Work, which highlights high levels of employee satisfaction, is a testament to the company's people-first culture.
"Our team in India is critical to our growth and success, so I'm delighted to see their high satisfaction with our company, culture, and leadership," said Grant Halloran, CEO, Planful. "Planful continues to expand around the globe with customers, partners, and our people, and we work hard to keep those in Hyderabad connected, supported, and well taken care of."
The India certification results showed that 92% of employees say they care about each other, and 96% say they were made to feel welcome when they joined Planful. Employees in India also rated Planful in the top 50 of all India mid-sized workplaces for community, collaboration, camaraderie, training and development offerings, equal opportunities in the workplace regardless of gender or sexual orientation, and other categories. This high-performing global team and people-first company-wide culture contributed to Planful's record-breaking growth in 2021.
"We go the extra mile with every person at Planful to treat them with respect, empathy, and appreciation, each and every day," said Planful's Chief of Staff to the CEO and Chief People Officer, Melissa Dreuth. "This feedback from our India team demonstrates that our inclusive and connected culture—and Planful's stellar health and wellness benefits—are working across the globe to make Planful truly a great place to work."
Visit planful.com/jobs to learn more about careers at Planful India or any of our global locations.
Planful is the pioneer of cloud financial performance management cloud software. The Planful platform is used by the Office of the CFO around the globe to streamline business-wide planning, budgeting, consolidations, reporting, and visual analytics. Planful empowers users to plan confidently, close faster, and report accurately. More than 1000 customers, including Boston Red Sox, Del Monte, TGI Friday's, and 23andMe, rely on Planful to accelerate cycle times, increase productivity, and improve accuracy across the end-to-end FP&A process. Planful is a private company backed by Vector Capital, a leading global private equity firm. Learn more at www.planful.com.
Great Place to Work® Certification™ is the most definitive "employer-of-choice" recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place to Work-Certified.
Contact
press@planful.com
Additional Resources
Hear from Planful customers
Explore FP&A use cases
Discover Continuous Planning
Join the conversation on social media: LinkedIn, Twitter, or Facebook.
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SOURCE Planful | https://www.kxii.com/prnewswire/2022/06/15/planful-earns-great-place-work-certification-india/ | 2022-06-15T04:00:28Z |
Springer man killed in motorcycle wreck in Carter Co.
Published: May. 9, 2022 at 3:17 PM CDT|Updated: 31 minutes ago
CARTER COUNTY, Okla. (KXII) - A Springer man was killed after a crash in Carter County early Sunday morning.
The Oklahoma Highway Patrol said it happened on US-77 just one mile north of Ardmore at 2:16 a.m.
Troopers said a motorcycle driven by 73-year-old Raymond L. Riner and a car driven by 36-year-old Jennifer D. South, of Springer, collided.
South and her passenger, 27-year-old Shaun M. Barrett, of Springer, were not injured.
Riner was taken to Mercy Hospital where he was pronounced dead.
Troopers said Riner was not wearing a helmet.
The cause of the crash is still under investigation.
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/05/09/springer-man-killed-motorcycle-wreck-carter-co/ | 2022-05-09T20:49:21Z |
(The Hill) – Republican Rep. Greg Steube (R-Fla.) deleted a tweet Thursday that accused House Speaker Nancy Pelosi (D-Calif.) of allowing CNN, or as Steube put it the “Communist News Network,” to build a TV set in Statuary Hall. CNN had actually used a green screen displaying that section of the U.S. Capitol.
“In case you forgot the sham #January6thcommitteehearings are purely for TV ratings, Pelosi let The Communist News Network build a full TV set where Abraham Lincoln’s desk once stood,” Steube wrote.
Steube’s tweet attached a picture of CNN anchor Jake Tapper and others discussing the third publicly released hearing by the House committee investigating the Jan. 6 attack on the U.S. Capitol in front of the Statuary Hall green screen.
The hearing, televised during prime time Thursday evening, explored tensions between former President Trump and former Vice President Pence over Trump’s pressure campaign to get Pence to throw out the results of the 2020 election.
Trump and Pence experienced a rift when Pence resisted Trump’s urgings for the then-vice president to block the certification of electoral votes that elected President Joe Biden to his office, an action that lawyers told the Trump administration was unconstitutional.
Pence was the target of threats and insults during the Jan. 6 insurrection, when people marched on the Capitol chating “hang Mike Pence.” The committee said he was “unwavering” in his resistance to Trump’s belligerent calls to abuse his position.
“We’re fortunate for Mr. Pence’s courage on January 6th,” said committee chairman Rep. Bennie Thompson (D-Miss.) in the hearing. “Our democracy came dangerously close to catastrophe.”
Trump and Pence have experienced further turbulence in their relationship since the end of the Trump administration, which came to head when both figures supported opposing candidates in the Georgia Republican gubernatorial primary.
Both men have also been rumored to be planning 2024 presidential runs, pitting them against one other to a new extent. | https://cw33.com/news/nexstar-media-wire/gop-lawmaker-deletes-tweet-blasting-cnn-for-full-tv-set-inside-capitol-that-was-actually-a-green-screen/ | 2022-06-17T15:49:01Z |
ROCKLAND, Del. , June 27, 2022 /PRNewswire/ -- The ISH Food Company announces today official B Corporation certification. ISH was established in 2020 to deliver Innovative, Sustainable, Healthy, and deliciously disruptive plant-based foods to every plate worldwide, starting with plant-based seafood. ISH is determined to lead change in communities globally to create a regenerative, nutritious food system. With this goal in mind, ISH was awarded B Corp certification, joining a select group of only ~5,000 for-profit companies globally.
The company's passion for driving change in our food system begins with the founder's story. Through a "this-changes- everything" heart attack in Penn Station, Bernard David, Founder and CEO, discovered the transformative benefits of plant-based foods and the realization that we all can have a positive impact on our food system.
"We have a big mission, and we can't do it alone," said David, "which makes our confirmation as a certified B Corporation even more important. We all need to work together to help transform food and agriculture into a regenerative, nutritious, and healthy system - it is foundational to our journey - and critical to feed 10 billion people on planet earth by 2050."
B Corp certification is for businesses that demonstrate efforts to create an inclusive, sustainable economy. The intense certification process looks at multiple factors, including supply chain practices, ingredients, employee benefits, and charitable giving. To obtain certification, companies must achieve high grades on performance, accountability, and transparency for these factors.
Consumer demand for healthy, nutritious, and sustainable food is accelerating as individuals increasingly make the connection between the food they eat and a rapidly changing climate. More than half of consumers are open to eating more plant-based foods1, and predictions state the plant-based foods market could grow by more than 1,000% over the next 10 years, reaching $140 billion.2
Plant-based seafood at ISH is crafted with environmental impact top of mind, while delivering on taste and nutrition. The company's goal is to offer flexitarians and mainstream consumers plant-based seafood alternatives that taste, look, and cook just like food from the sea.
The ISH Food Company proudly launched its flagship product Shrimpish®, a plant-based shrimp, in early 2022. ISH has a robust product portfolio in development including SalmonishTM, CodishTM, CrabishTM, and LobsterishTM. ISH has also identified over 20 different seafood textures for future commercial development.
The ISHTM Food Company
The ISH Food Company is a certified B-Corp, plant-based food company founded in 2020. The Company's mission is to deliver Innovative, Sustainable, Healthy, and deliciously disruptive plant-based foods to every plate worldwide. Shrimpish®, the first product, launched in 2022, and has the taste, the look, and cooks just like the seafood alternative. The company is building a robust pipeline including SalmonishTM, CodishTM, CrabishTM, LobsterishTM, and other portfolio complements. Currently available for sale in the United States, ISH starts from a simple place: make good, eat good, do good for our bodies and the world we live in. Visit us at www.ishfood.com
Contact: Tracy Shafizadeh
Media Relations
tracy@ishfood.com
916-837-2869
1Leiserowitz, A., Ballew, M., Rosenthal S., & Semaan, J. (2020). Climate change and the American diet. Yale University and Earth Day Network. New Haven, CT: Yale Program on Climate Change Communication
2Franck, Thomas. "Alternative meat to become $140 billion industry in a decade, Barclays predicts." CNBC
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SOURCE The ISH Food Company | https://www.kxii.com/prnewswire/2022/06/27/ish-food-company-achieves-b-corporation-certification-furthering-its-commitment-regenerative-nutritious-food-system/ | 2022-06-27T14:41:03Z |
Frankfurt wins 2-1 at West Ham, Leipzig beats Rangers in EL
By KAREL JANICEK
Associated Press
Eintracht Frankfurt is a step away from reaching its first European competition final in more than 40 years after beating West Ham 2-1 in the first leg of the Europa League semifinals. The German team had knocked out Barcelona in the quarterfinals and quickly shocked West Ham when Ansgar Knauff scored 51 seconds after kickoff at the London Stadium. An all-German final in the second-tier European competition is a possibility after Leipzig scored late to defeat Rangers 1-0 at home in the other semifinal match. In the new third-tier Europa Conference League, Cyriel Dessers scored twice for Feyenoord as the Dutch team beat Marseille 3-2 in the first leg of the semifinals. Roma and Leicester played to a 1-1 draw. | https://localnews8.com/sports/ap-national-sports/2022/04/28/frankfurt-wins-2-1-at-west-ham-leipzig-beats-rangers-in-el/ | 2022-04-29T00:12:06Z |
SEATTLE, April 26, 2022 /PRNewswire/ -- Recently launched Symbol Advantage plans to make high-quality, factory-built homes available to aspiring buyers who can't currently afford to purchase their own homes.
According to the National Association of REALTORS Research Group, house prices continue to rise to record highs. "With median home prices growing by double digits year over year in many regions, this is the right time to bring more affordable, single-family homes to market and help more families start building generational wealth," explained CEO Aggie Clark. "They did it with cars, now we're doing it with homes," Symbol Advantage President James Conlin added when describing being inspired by Carvana's online sales platform and Tesla's 'reserve a car' program.
"With access to a soft allocation for 10,000 homes through 20+ factories, our leadership team's deep roots in residential real estate and consumer services position Symbol Advantage for raising capital to strategically fuel growth," explained board leader Steve Rodgers, former CEO and President of Prudential California Realty, a division of Berkshire Hathaway HomeServices of America.
Upcoming projects include building master-planned and urban development communities starting in Western Washington and Southern California. Symbol Advantage plans to launch its home design and sales platform later this year, including the 'reserve-a-home' option.
ABOUT SYMBOL ADVANTAGE INC.
Founded by Aggie Clark and James Conlin, Symbol Advantage plans to help solve the affordable housing shortage by marketing high-quality, excellent curb appeal, factory-built homes that can qualify for traditional 30-year financing. Symbol Advantage creates homeownership and real estate development opportunities by leveraging fintech, proptech, and Web3 advancements.
ABOUT THE FOUNDERS
Aggie Clark served as President and COO of an industry-leading retail financial services provider with more than 100 branches and 1,000 team members during her tenure, specializing in business operations, corporate culture, and customer experience. She is Advisory Board Co-Chair for the Consulting & Business Development Center at the University of Washington's Foster School of Business and a Trustee for Cornish College of the Arts. James Conlin is a serial entrepreneur and third-generation multinational land developer. His technology company has completed team development projects for FEMA, Stripe, Solar City, Blue Homes, IRS e-File, and many more. He was CEO of the 2019 Startup of the Year International 3rd place recipient.
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SOURCE Symbol Advantage Inc. | https://www.kxii.com/prnewswire/2022/04/26/symbol-advantage-wants-solve-affordable-housing-shortage/ | 2022-04-26T20:03:34Z |
Architects Envision Shipping Containers for NYC Restaurant Sheds
NEW YORK, Aug. 30, 2022 /PRNewswire/ -- On August 18, 2022, Mayor Eric Adams announced that "With this initiative (Permanent Open Restaurants Program), we are also taking the essential step towards a permanent Open Restaurants program that all New Yorkers can be proud of every day," the mayor added. "I want to say it loud and clear: Outdoor dining is here to stay."
Axis Mundi proposes a design solution that will replace the hastily built wooden eyesores that have lined the city streets for the past few years with both a design-forward and pragmatic vision. Shipping containers are the perfect size, readily available, and repurposable. The containers could be constructed in a modular louvered metal panel system (more Miesian in concept) and immediately customizable. The containers would accommodate a variety of configurations suitable for seasonal demands and privacy concerns," stated John Beckmann, the founder, and principal of Axis Mundi. Beckmann continues: "The shipping container reinforces the dining ethos with its substantial and well-traveled permanence, its strength with bespoke capability."
Positing the passenger train as a design model, Axis Mundi details two schemes: the dining car and the bar car. The rail cars suggest glamour in measured comfort and contained proportion. The design features a black and white checkerboard floor, round porthole windows framed by striped awnings, and Thonet chairs. It is cosmopolitan, stylish, and streamlined. The shipping container exterior with the luxury interior is unexpected and exciting as if it is hiding in plain sight. "We added a green roof of tall grass. The vegetation will reduce ambient street noise and regulate temperature below. It also playfully softens the hard lines." says Beckmann. We see the container shelter as a ready-made object, as its design is complete. We anticipate numerous variations on the theme, as the shipping container permits customization befitting a restaurant's respective brand," Beckmann concluded.
For additional images: https://axismundi.com/retail-and-cultural-design
Contact:
John Beckmann, Axis Mundi Design, 2 East Broadway, 7th Floor, NY, NY 10038
telephone: 347.387.1569
email: jbeckmann@axismundi.com
web: www.axismundi.com
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SOURCE Axis Mundi Design LLC. | https://www.wibw.com/prnewswire/2022/08/30/build-me-use-me-love-me/ | 2022-08-30T14:21:30Z |
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