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2023 QB class may influence Falcons’ direction in NFL draft
By CHARLES ODUM
AP Sports Writer
FLOWERY BRANCH, Ga. (AP) — The talent of the quarterbacks who might be available to the Atlanta Falcons in the 2023 NFL draft could impact decisions by general manager Terry Fontenot with the No. 8 overall pick next week. Pittsburgh’s Kenny Pickett and Liberty’s Malik Willis are the top-rated quarterbacks this year. Fontenot and coach Arthur Smith must look at quarterback after trading Matt Ryan to Indianapolis last month. The Falcons’ leadership could be weighing their grades of Willis and Pickett against the 2023 class that includes Alabama’s Bryce Young and Ohio State’s C.J. Stroud. Fontenot says he’ll take the best player available, of course. | https://localnews8.com/sports/ap-national-sports/2022/04/22/2023-qb-class-may-influence-falcons-direction-in-nfl-draft/ | 2022-04-22T23:25:56Z |
HERSHEY, Pa., Aug. 31, 2022 /PRNewswire/ -- The Hershey Company (NYSE: HSY) announced today that Marlene Creighton has been named as Global Chief Sales Officer, effective September 5, 2022. After 26 years with Hershey, Phil Stanley, currently serving in this role, will transition out of the company to pursue his next opportunity following a very successful sales career at Hershey.
"In her four years at Hershey, Marlene has led incremental growth with our retail partners and is spearheading our commercial strategy as part of our company's Snacking Powerhouse vision. Her energy and passion for building diverse and inclusive teams, developing people and driving new capabilities are a perfect match for our growth ambition and employee experience," said Michele Buck, The Hershey Company President and CEO. "I want to thank Phil for the legacy he has built here at Hershey to set us up for success in the future. From his earliest days on the retail floor to building our category management capabilities and partnering with our longstanding retail partners, his energy and influence have been felt across the company."
Marlene brings more than 20 years of CPG experience working across sales, category management and brands with P&G, Unilever and now Hershey. Throughout her career, she has a track record of building winning partnerships inside and outside of the company with retail partners and community organizations, including the Boys and Girls Club and Champion for Kids. She is an advocate for mentoring and dedicates time to helping colleagues develop personally and professionally. Most importantly, Marlene is a mom, and she spends as much time as she can volunteering for her children's school and sports activities.
"As Hershey's Chief Global Sales Officer, alongside our extremely talented sales organization, I am committed to continuing to strengthen our relationships across the business and with our retail partners," said Marlene. "I want to thank Phil for all he has done to shape our sales team and lead our category. Building from a position of strength, we have so much potential in front of us, and I can't wait to get started."
About The Hershey Company
The Hershey Company is headquartered in Hershey, Pa., and is an industry-leading snacks company known for bringing goodness to the world through its iconic brands, remarkable people and enduring commitment to help children succeed. Hershey has approximately 19,000 employees around the world who work every day to deliver delicious, quality products. The company has more than 100 brand names in approximately 80 countries around the world that drive more than $8.9 billion in annual revenues, including such iconic brand names as Hershey's, Reese's, Kit Kat®, Jolly Rancher and Ice Breakers, and fast-growing salty snacks including SkinnyPop, Pirate's Booty and Dot's Pretzels.
For more than 125 years, Hershey has been committed to operating fairly, ethically and sustainably. Hershey founder, Milton Hershey, created the Milton Hershey School in 1909 and since then the company has focused on helping children succeed.
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SOURCE The Hershey Company | https://www.wibw.com/prnewswire/2022/08/31/hershey-company-names-marlene-creighton-global-chief-sales-officer/ | 2022-08-31T13:25:17Z |
DALLAS, April 15, 2022 /PRNewswire/ -- Mohr Partners, Inc., a leading global corporate real estate services firm, recently announced the successful sale of the La Quinta Inn & Suites, an 85-room hotel built in 2020, located in Red Oak, Texas.
Situated only 20 minutes from Downtown Dallas, the La Quinta Inn & Suites sits off of Interstate 35, a major shipping and travel route connecting the Dallas/Fort Worth Metroplex with Austin and San Antonio.
Mohr Partners' Capital Markets division, led by Eric Beichler, Managing Principal/Shareholder and Grant Palmer, Managing Director, sourced the opportunity to an out-of-state private buyer.
"We are pleased that we were able to successfully sell the asset for the ownership group in a very timely manner while achieving a meaningful sale of seven times gross revenue," Beichler said.
The property sits in a growing part of the Dallas/Fort Worth area, with nearly 275,000 people living within 15 minutes. Additionally, the daytime population exceeds 240,000 people, with over 6,500 business located less than 15 minutes away.
Nearby national credit tenants include Walmart Supercenter, Starbucks, Chick-fil-A, Panda Express, Whataburger, CVS Pharmacy, McDonalds and many more.
Palmer and Beichler exclusively represented the buyer in the transaction, which achieved a meaningful value equal to seven times the hotel's gross revenue. Additional terms of the sale were not disclosed.
About Mohr Partners, Inc. Mohr Partners, Inc. is a global corporate real estate advisor, providing corporate tenants with an integrated set of portfolio services including strategic planning, business intelligence, lease administration/accounting & FASB ASC 842 compliance, research and site selection, labor analytics, project and construction management, comprehensive demographics analysis, economic incentives negotiations and transaction management. Since 1986, Mohr Partners has been managing real estate portfolios for corporations, and each year completes transactions for its clients in all 50 U.S. states, all provinces of Canada and locations around the world. Mohr Partners seamlessly provides corporate real estate services globally through its strategic alliance partners in Canada, Mexico/Latin America, EMEA and Asia Pacific. For more information on Mohr Partners, please visit www.mohrpartners.com.
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SOURCE Mohr Partners, Inc. | https://www.kxii.com/prnewswire/2022/04/15/mohr-partners-transacts-newly-developed-la-quinta-hotel-red-oak-tx/ | 2022-04-16T23:16:06Z |
2022 awards recognize the best hotels across company's global portfolio
ROCKVILLE, Md., May 5, 2022 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest lodging franchisors, announced its Premier and Best of Choice award winners at the company's 66th annual convention in Las Vegas. The awards – the company's most coveted accolades – recognize the top hotels in Choice's global portfolio of more than 7,000 franchised properties for their superior performance and outstanding guest ratings.
"As we navigate through unprecedented times in society and our industry, it has been our guiding mission to be there every step of the way with our franchisees because they are at the heart of everything we do — just as guests are at the center of everything they do," said David Pepper, chief development officer, Choice Hotels. "This year's Premier and Best of Choice award winners represent the top of the Choice Hotels brand, and their demonstrated ability to go above and beyond to deliver best-in-class hospitality, especially amid difficult circumstances, is truly commendable. We could not be prouder to have them as part of the Choice family."
The elite Premier award designations – Premier Legacy, Premier Developer, and Premier Hotelier – honored three of the company's top franchisees from 2022 for providing exceptional guest experiences, a commitment to development, and the embodiment of the Choice Hotels brand promise:
- Nayan Patel (Premier Legacy Winner) – Since opening the doors to his first Econo Lodge hotel in Framingham, Massachusetts nearly 35 years ago, Patel has owned more than 50 Choice properties and is a steadfast advocate of the Choice brands within the development community. Today, Patel is CEO of Jiten Hotel Management, a full-service hospitality management firm, and currently owns and operates nine hotels across the country under the Comfort, Quality and Econo Lodge flags.
- Christopher Kouza and Joseph Caradonna (Premier Developer Winner) – Founders of Koucar Management, both Kouza and Caradonna have been longtime supporters of Cambria Hotels and instrumental in expanding the brand's footprint to new markets through multi-unit development. In addition to the Cambria Hotel D.C. Riverfront and Cambria Hotel Detroit-Shelby Township, the Koucar team owns the Cambria Downtown Detroit and Cambria Downtown Portland Maine, both of which are slated to open later this year.
- Darren Nardozzi (Premier Hotelier Winner) – Owner of the Sleep Inn Wesley Chapel – Tampa North, Nardozzi is an experienced hotel owner and passionate leader. In addition to going above and beyond to deliver outstanding, personalized service to guests, he is known within the community for cultivating high-performing teams and opportunities for his associates.
Like the Premier winners, the Best of Choice award recipients were selected for their demonstrated commitment to superior guest service and operational excellence. One hotel was selected from each Choice brand segment in the company's domestic and international portfolio. Below is the full list of 2022 award winners:
- Kress Inn, an Ascend Hotel Collection Member (De Pere, Wisconsin) – Located along the edge of the scenic Fox River, this boutique hotel positions De Pere visitors minutes from the St. Norbert College campus, nearby pubs and eateries, as well as the renowned Lambeau Field and downtown Green Bay. In addition to complimentary breakfast, as well as a manager's reception each evening, guests can catch up with friends and family around the hotel's cozy fireplace, stroll along the property's manicured grounds, or unwind in each guestroom's in-room whirlpool.
- Ingot Hotel Perth, an Ascend Hotel Collection Member (Belmont, Western Australia, Australia) – Ideally situated along the Swan River just minutes from downtown Perth and Western Australia's sought-after beaches, the Ingot Hotel provides visitors with contemporary accommodations and outstanding service. Amenities include onsite dining at the Eyre Restaurant, a heated outdoor pool and spa, and a fully equipped fitness center.
- Cambria Hotel Traverse City (Traverse City, Michigan) – As a nine-time Best of Choice winner, the upscale Traverse City hotel continues to deliver on the Cambria brand promise to surprise and delight guests with exceptional service and little luxuries. Located in the heart of the Cherry Capital of the World, the hotel offers guests convenient access to top Northern Michigan attractions, including Grand Traverse Bay, Lake Michigan Beach, nearby wineries, and award-winning golf courses. At the hotel, business and leisure travelers alike may enjoy the property's state-of-the-art fitness center, indoor heated pool, as well as onsite dining and local craft brews at the hotel's restaurant and bar.
- Comfort Inn Blackshear – Highway 84 (Blackshear, Georgia) – Located off U.S. Highway 15, the hotel positions adventure-seeking guests near an array of popular hunting and fishing sites, as well as the Okefenokee National Wildlife Refuge and Laura S. Walker State Park. After a day of exploring, guests can lounge beside the hotel's pool or unwind in spacious guestrooms, each equipped with premium bedding and plush pillows.
- Comfort Inn & Suites Avera Southwest (Sioux Falls, South Dakota) – Ideally located off Interstate 29 and Interstate 229, the hotel positions guests just minutes from downtown Sioux Falls and Augustana University and features the amenities guests need for a successful business or leisure getaway. In addition to spacious guestrooms and premium bedding, guests can take advantage of the hotel's indoor pool and hot tub, well-equipped fitness center and complimentary hearty and healthy breakfast options.
- Comfort Suites Near Penn State (State College, Pennsylvania) – Whether they are traveling for business or leisure, guests will appreciate the hotel's inviting staff, modern amenities and ideal location – situated within walking distance to the Pennsylvania State University campus and nearby restaurants, and near several major businesses including Raytheon and Mount Nittany Health. Along with spacious guest suites, the hotel offers pet-friendly accommodations, a full complimentary breakfast each morning, and a business center.
- Comfort Inn Monterrey Valle (Monterrey, Nuevo León, Mexico) – Conveniently located in the heart of the San Pedro Garza Garcia business district, the hotel provides visitors with easy access to the area's most prominent business headquarters, as well as the friendly service and amenities they need for a successful stay. In addition to complimentary breakfast and onsite dining at the hotel's restaurant, the Monterrey Comfort Inn features a seasonal outdoor pool, fitness center and sun deck.
- Sleep Inn & Suites Cross Lanes – South Charleston (Cross Lanes, West Virginia) – Guests can expect stylish accommodations, friendly service and easy access to abundant entertainment in West Virginia's capital city when they stay at South Charleston's Sleep Inn & Suites. In addition to modern, spacious guestrooms, visitors can take advantage of the hotel's proximity to the West Virginia State University's campus and nearby restaurants,and enjoy freshly baked cookies in the lobby each evening.
- Clarion Inn Conference Center (Gonzales, Louisiana) – Located equidistance between Baton Rouge and New Orleans, the full-service, 164-room hotel provides guests with easy access to top area attractions, as well as nearly 10,000 square feet of meeting and event space, making it the ideal location for reunions and other special events. The hotel – a Best of Choice winner for the fourth time in five years since its inception nearly 10 years ago – also features lush on-site gardens, a seasonal outdoor pool, and an award-winning restaurant, Mike Anderson's Seafood, where guests can enjoy a locally-inspired meal or craft cocktail.
- Clarion Pointe Rock Hill – Near Training Camp (Rock Hill, South Carolina) – Conveniently located just 30 minutes from uptown Charlotte, North Carolina – known for its abundant restaurants and thriving arts and culture scene – the hotel offers business and leisure travelers convenient access to nearby Cherry Park, Carowinds Theme Park, Rock Hill Galleria and Winthrop University. Guests can also spacious guestrooms and modern amenities, including a business center and onsite marketplace with curated food and beverage options.
- Clarion Congress Hotel Olomouc (Olomouc, Czech Republic) – Located on the banks of the Morava River, 125-room Clarion positions guests at the heart of Olomouc's rich academic history and artistic tradition. After a day of touring nearby cultural sites, including the Holy Trinity Column and the Moravian Theatre Olomouc, guests can relax in the hotel's full-service spa or catch up with friends at the onsite bar and restaurant.
- MainStay Suites Winfield-Teays Valley (Hurricane, West Virginia) – In addition to clean, apartment-style suites – each equipped with fully-stocked kitchens and separate living and working areas – the hotel goes above and beyond to make extended stay guests feel at home, with friendly staff and "extras" like afternoon tea, in-lobby computers and complimentary breakfast. The hotel is ideally situated 15 minutes from West Virginia State University and near several leisure attractions, including the Putnam County Fairgrounds and the Sleepy Hallow Golf & Country Club.
- Quality Inn & Suites (Big Stone Gap, Virginia) – Located in the heart of Appalachia off the Orby Cantrell Highway, the hotel is closely located to popular leisure and business attractions, including the University of Virginia's College at Wise, Natural Tunnel State Park and the Virginia Department of Mines, Minerals and Energy. In addition to clean, comfortable guestrooms, travelers can enjoy the hotel's fitness center, indoor saltwater pool and onsite restaurant.
- Quality Hotel Lippstadt (Lippstadt, Germany) – Nestled on the banks of the River Lippe and just a two-minute walk from the shops and restaurants of the historic downtown district, the 80-room upscale hotel provides visitors with stylish accommodations and a one-of-a-kind taste of Lippstadt – nicknamed the "Venice of Westphalia." Notable amenities include a full breakfast buffet, as well as dinner options at the hotel's restaurant, an onsite lounge and bar, banquet rooms and a business center.
- Econo Lodge (Russellville, Kentucky) – Located off Highway 63 near Russellville's historic downtown district, the hotel provides vacationing families and business travelers alike with exceptional service and affordable, reliable accommodations including free coffee and breakfast as well as an onsite business center.
- Rodeway Inn (Ainsworth, Nebraska) – Named Best of Choice for the third year in a row, the Ainsworth Rodeway Inn continues to exceed guests' expectations in terms of amenities, cleanliness and staff friendliness. Conveniently located off U.S. Highway 20 in the Nebraska Sandhills, the hotel serves as travelers' ideal home-base for outdoor adventures, including nearby hunting, fishing, golfing and boating. At the hotel, guests may also take advantage of the property's complimentary breakfast, indoor heated pool, and meeting facilities.
- Suburban Extended Stay Hotel Midland I-20 (Midland, Texas) – True to the Suburban name, the award-winning hotel – conveniently located off Highway 70 halfway between Fort Worth and El Paso – features affordable accommodations, thoughtful amenities, and welcoming staff to suit the unique needs of extended stay guests. Each of the hotel's apartment-style guestrooms include a fully stocked kitchenette, flatscreen TV and flexible workspaces.
- WoodSpring Suites Hobbs (Hobbs, New Mexico) – Located less than 15 minutes from the Lea County Regional Airport and just miles from New Mexico Junio College, the University of Southwest, and Hobbs Army Airfield, as well as several regional medical facilities, the hotel is known for providing modern, apartment-style accommodations and friendly service for extended-stay guests. The hotel's amenities include full in-room kitchens, free Wi-Fi, and guest laundry facilities.
All award-winning hotels participate in Commitment to Clean, an initiative that builds upon the strong foundation of Choice franchisees' long-standing dedication to cleanliness with enhanced training and best practices for deep cleaning, disinfecting and social distancing.
For more information, or to make your reservation at any of these award-winning hotels, visit www.choicehotels.com.
About Choice Hotels®
Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. With more than 7,000 hotels, representing nearly 600,000 rooms, in 35 countries and territories as of December 31, 2021, the Choice® family of hotel brands provides business and leisure travelers with a range of high-quality lodging options from limited service to full-service hotels in the upscale, midscale, extended-stay and economy segments. The award-winning Choice Privileges® loyalty program offers members benefits ranging from everyday rewards to exceptional experiences. For more information, visit www.choicehotels.com.
Forward-Looking Statement
This communication includes "forward-looking statements" about future events, including future growth and success. Such statements are subject to numerous risks and uncertainties, including, but not limited to, changes to general domestic and foreign economic conditions and the other "Risk Factors" described in our Annual Report on Form 10-K, any of which could cause actual results to be materially different from our expectations.
© 2022 Choice Hotels International, Inc. All rights reserved.
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SOURCE Choice Hotels International, Inc. | https://www.wibw.com/prnewswire/2022/05/05/choice-hotels-celebrates-top-franchisees-with-annual-premier-best-choice-awards/ | 2022-05-05T20:09:36Z |
Hazmat suit-clad workers spraying clouds of disinfectant over city streets, building fronts, park benches and even parcels have become a common sight in pandemic-era China.
In Shanghai, the epicenter of the country's largest outbreak, state media report that thousands of workers have been organized into teams to disinfect areas, with a focus on those known to have hosted Covid patients -- a move the government sees as key to curbing the spread of the Omicron variant.
But the practice often extends much further. Seemingly any outdoor area is at risk of being targeted by workers wielding leaf-blower-style disinfectant machines, as China's rigorous "zero-Covid" policy drives an obsession with sanitizing everything.
In Shanghai, fire fighters have been plucked from their duties to take up roles as disinfectors, a local youth league has recruited volunteers for disinfection squads, and emergency rescue teams from far-flung parts of China have been enlisted in the drive -- often strapping on heavy equipment and full hazmat.
In some Shanghai neighborhoods, special chemical producing stations have been set up, while in others vehicles have been outfitted with chemical tanks and cannon-like devices to shoot disinfectant onto the streets, according to local media. Disinfection robots have been stationed at railway stations, and have been set up to patrol some quarantine centers.
But these efforts -- and others, like the insistence that workers wear hazmat suits and the blaring, recorded messages playing on loop reminding people of how to prevent the disease -- may be a waste of time, effort and resources.
Experts say transmission of the virus via contaminated surfaces is exceptionally low -- and that sanitizing outdoor areas such as parks and city streets is largely pointless and worse still, could even pose a danger to public health.
"The robots and street-spraying are performative acts designed to bolster public trust in government actions," said Nicholas Thomas, an associate professor at City University of Hong Kong, who pointed to how Chinese authorities have long cited environmental contamination as part of their rhetoric that the virus may not have originated in China.
"It is a problem when politics dominates and diverges from the science of the pandemic response -- more and more effort has to be placed on bolstering the politics through acts that do not necessarily increase the bio-safety of the affected populations to the same degree as the effort it requires to undertake them," he said.
Imported virus?
Mass disinfection is part of a long-standing campaign in China to combat a Covid-19 transmission risk that much of the world has considered too minimal to warrant measures past hand-washing and maintaining disinfection of certain surfaces, like those in busy public places and where food is handled or Covid-19 patients are treated.
In a science brief last year, the US Centers for Disease Control and Prevention said scientific studies suggest that each contact with a surface contaminated with Covid-19 has less than a 1 in 10,000 chance of causing an infection. Such research has prompted many to view an overt focus on disinfection as "hygiene theater" as opposed to any meaningful disease prevention measure.
Mass disinfection has not been part of disease control measures in Western countries "because public health authorities followed the science," according to Emanuel Goldman, a professor of microbiology at the Rutgers-New Jersey Medical School.
"(It's) highly unlikely that any cases result from touching contaminated surfaces. The virus dies quickly outside an infected person ... and transfers very inefficiently by fingers," he said. "Hand washing with soap, or alcohol hand wipes, is all you need to get the incidence down to zero."
In China, where stringent practices have focused on eliminating any spread of the virus, concerns about contaminated surfaces date back to the early months of the pandemic, especially after Chinese officials said an outbreak at a market in Beijing likely began due to a worker being infected from handling imported, frozen salmon contaminated with virus.
Though the World Health Organization says it's "highly unlikely" that people can contract Covid-19 via food or food packaging, Chinese authorities have on numerous occasions pointed to cold-chain imports or other contaminated surfaces, like on airplanes or even international mail, as vectors of diseases.
This has lead to a raft of measures largely unique to China like testing the surfaces of imports for traces of virus and mass disinfection of frozen goods from overseas, while some cities have rolled out various orders to disinfect international mail and parcels -- even though national health experts said earlier this year there was not sufficient evidence that such non-cold-chain items could carry the virus.
And as Beijing has sought to reframe the narrative around the origin of the coronavirus, first detected in China, officials have pitched a theory that the virus could have been imported on frozen goods in the first place -- a hypothesis broadly dismissed by international experts.
While there is some evidence that the virus can remain infectious on frozen packaging, how countries may want to deal with this risk varies, according to Leo Poon, a professor at the University of Hong Kong's School of Public Health.
"For countries which use elimination strategy, this is a significant risk. However, for most the countries now, this might not be significant at all," he said.
But when it comes to touching regular surfaces, this is "not a major transmission mode for Covid-19," he said, adding some disinfection in indoor settings could be a good idea.
Potential risk
In places like Shanghai, where resources are already stretched thin as the city struggles through a weeks-long lockdown, deploying volunteers and workers for disinfection purposes may put the focus on the wrong risk.
"There really is no role for mass disinfection of outdoor areas, pavements and walls. They are unlikely to be contaminated or cause transmission via a mucosal surface (like eyes, nose or mouth)," said Dale Fisher, a professor at the National University of Singapore's Yong Loo Lin School of Medicine.
There can also be downsides to such work, according to Rutgers-New Jersey Medical School's Goldman, who says that people can be harmed by exposure to harsh disinfection.
While the WHO supports disinfection such as wiping down areas like door handles in busy public places, WHO guidelines say "spraying disinfectants, even outdoors, can be noxious for people's health and cause eye, respiratory or skin irritation or damage."
Earlier in the pandemic, a group of Chinese scientists warned in a letter to the journal Science that the over-use of chlorine disinfectants runs the risk of polluting water and even putting ecosystems in nearby lakes and rivers at risk.
There are signs of similar concerns from Shanghai authorities, even as they press on with disinfection measures.
Late last month, officials put out recommendations for residents on how to disinfect, urging them against "spraying disinfectants directly on people," using "canon trucks" and drones, or disinfecting outdoor air.
"These practices are essentially ineffective, and can cause health hazards and environmental pollution," a Shanghai official said.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/china-is-obsessed-with-disinfection-against-covid-but-is-it-causing-more-harm-than-good/article_19d403b8-d7ad-51ac-92ad-666c0dbece4e.html | 2022-05-02T11:15:32Z |
Essential workers in Connecticut eligible for up to $1,000 for working during pandemic
HARTFORD, Conn. (WFSB/Gray News) - A program was established by the Connecticut legislature to provide financial relief to essential workers who worked through the COVID-19 pandemic.
Essential workers may be eligible for up to a $1,000 payment from the Premium Pay Program, according to a report from WFSB.
The program is a fund approved by the Connecticut General Assembly that has made $30 million in assistance available to support the critical workforce that helped keep the state operational during the pandemic.
The Connecticut comptroller’s office said it will oversee the program with the benefits to be paid out in early 2023.
Workers who can answer “yes” to the questions below are eligible to apply for the program:
• I was employed as an essential worker in Connecticut between March 10, 2020 and May 7, 2022
• I was not able to work from home
• I was not employed by a federal, state or municipal government agency
• I earned $149,999 or less
The maximum payment is $1,000 for those who made less than $100,000 a year. It’s $800 if the worker earned between $100,000 and $109,999, and $600 for those who earned between $110,000 and $119,999. Those who worked part-time could be eligible for $500.
The amount decreases depending on the worker’s earnings.
The Centers for Disease Control and Prevention deemed jobs such as grocery store workers, nursing home workers and other health care provider jobs as essential.
Police officers and firefighters, however, are not eligible because they are government employees.
Some other states, including Massachusetts, have put a similar program in place.
To learn more, visit the website here.
Copyright 2022 WFSB via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/08/08/essential-workers-connecticut-eligible-up-1000-working-during-pandemic/ | 2022-08-08T20:53:08Z |
In Ukraine, funeral for activist killed and mourned in war
KYIV, Ukraine (AP) — Poppies, the blood-red flowers that cover the battlefields of Europe’s two world wars, were lain in mourning Saturday on the coffin of yet another dead soldier, this one killed in yet another European war, in Ukraine.
The hundreds of mourners for Roman Ratushnyi, 24, included friends who had protested with him during months of demonstrations that toppled Ukraine’s pro-Russia leader in 2014 and who, like him, took up arms when Moscow launched its full-scale invasion of its neighbor this February.
The arc of his shortened life symbolized that of Ukraine’s post-independence generations that are sacrificing their best years in the cause of freedom. First, with defiance and dozens of lives against brutal riot police during Ukraine’s Maidan protests of 2013-2014 and now with weapons and even more lives against Russian troops.
“Heroes never die!” friends, family and admirers shouted in Ukrainian as Ratushnyi’s coffin was loaded aboard a hearse on a square in the Ukrainian capital now decorated with destroyed Russian tanks and vehicles. Their charred hulks contrasted with the shiny gold domes of an adjacent cathedral where priests had earlier sung prayers for Ratushnyi, who was well-known in Kyiv for his civic and environmental activism.
From the square, the hundreds of mourners then walked in a silent column behind his coffin to Maidan Nezalezhnosti, or Independence Square. The vast plaza in central Kyiv gave its name to the three months of protests that overthrew then-President Viktor Yanukovych in 2014 and which helped fuel the political and patriotic awakening of Ukrainians born after independence in 1991.
Ratushnyi had “a heart full of love for Ukraine,” said Misha Reva, who traveled in his soldier’s uniform from the war’s front lines by overnight train to say goodbye to the friend he met for the first time on Maidan, in the midst of the protests. Ratushnyi was then just 16; Reva was in his early 20s. It was Ratushnyi who introduced Reva to the woman who is now his wife, also on the square.
During the protests where riot police used batons and eventually bullets with abandon, the two friends sheltered together for one night in St. Michael’s, the cathedral where the memorial service for Ratushnyi was held Saturday morning. Poppies and a traditional loaf of bread were placed on his coffin covered with Ukraine’s blue and yellow flag.
Reva said he and Ratushnyi signed up to fight on the very first day of the Russian invasion on Feb. 24. After taking part in the defense of Kyiv in the invasion’s opening weeks, Ratushnyi then joined an army brigade, doing military intelligence work, Reva said. He was killed June 9 around the town of Izyum on the war’s eastern front, according to the environmental campaign group that Ratushnyi led in Kyiv. He fought for the preservation from development of a wooded park where people ski in winter.
“He was such a solid and big personality,” Reva said. “It’s a great loss for Ukraine.”
During the commemorations for Ratushnyi, air raid alarms sounded. They’re daily occurrences in Kyiv, which is now relatively peaceful, but reminders of the war raging to the east and south. Other reminders were the dozens of soldiers, some holding flowers, among the mourners. Some draped yellow and blue flags over their shoulders.
“He was a symbol, a symbol of a new Ukraine, of freedom and a new generation that wants to fight for its rights,” said Serhli Sasyn, 21.
The “best people are dying now,” he added.
___
Follow the AP’s coverage of the war at https://apnews.com/hub/russia-ukraine
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/06/18/ukraine-funeral-activist-killed-mourned-war/ | 2022-06-18T15:19:57Z |
ORLANDO, Fla., Aug. 16, 2022 /PRNewswire/ -- A talent war is raging in Transportation & Logistics…period.
The battle to find the right fit for the right role has never been more intense.
What has changed is that unlike at the height of the pandemic; companies are not just hiring warm bodies.
Top talent is the name of the game and only peak performers are being considered, according to James Tolan, Managing Partner at Transgistics Talent Acquisition; an Executive Search firm focused solely on Transportation & Logistics.
Time, more than ever, is the number one enemy in the search for talent.
According to Tolan, just one month ago his team presented a slate of 5 well qualified candidates for an SVP of Operations role.
After 8 business days of foot dragging by the clients' interview team, 4 of the top candidates had accepted offers elsewhere.
"You have a half dozen companies trying to fill very similar roles and the amount of qualified top performing candidates is very limited.
Plus given the current economic situation, candidates are unwilling to contemplate a move." said Tolan.
There was a time previously early on in the pandemic when final mile and home delivery were white hot; now everything is white hot.
Companies are coming up with more creative ways to secure top talent, for example, offering 'equity' to those who would not have been offered any a year ago.
Tolan advises his clients to be very clear in the position description, concise and timely.
"If we are presenting candidates for a priority role, I expect them to be reviewed and scheduling to begin within a few days tops; weeks is weak."
He offers sound advice to other companies before considering any search …understand the market has changed, be competitive, be certain, act quickly.
Lowballing, more than ever, is a kiss of death to a search.
There is too much competition for these candidates' signatures to be "Johnny Negotiator".
Set your compensation ranges and be prepared to exceed them if the right candidate comes along.
If you are looking for Director level and above talent in Transportation & Logistics contact jtolan@transgisticstalent.com or call 407-694-3404.
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SOURCE Transgistics Talent | https://www.mysuncoast.com/prnewswire/2022/08/16/transgistics-talent-offers-strategic-advice-hiring-teams-fighting-logistics-talent-war/ | 2022-08-16T13:39:08Z |
ISFIYA, Israel, June 23, 2022 /PRNewswire/ -- Check-Cap Ltd. (the "Company" or "Check-Cap") (NASDAQ: CHEK), (NASDAQ: CHEKZ), a clinical stage medical diagnostics company advancing the development of C-Scan®, the first and only patient-friendly, preparation-free screening test to detect polyps before they may transform into colorectal cancer (CRC), announces that on June 22, 2022, it received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it is eligible for an additional 180 calendar day period, or until December 19, 2022, to regain compliance with the Nasdaq's minimum $1 bid price per share requirement.
The Company was first notified by Nasdaq of its failure to maintain a minimum bid price of $1.00 per share for 30 consecutive trading days under Nasdaq Listing Rule 5550(a)(2) [and 5810(c)(3)(A) on December 23, 2021, and was given until June 21, 2022 to regain compliance. The Company did not regain compliance with the minimum $1 bid price per share requirement during the first 180-calendar-day compliance period and submitted written request to the Staff to afford it an additional 180-day compliance period to cure the deficiency .
If at any time before December 19, 2022, the bid price of the Company's ordinary shares closes at or above $1 per share for a minimum of 10 consecutive trading days, the Company will regain compliance with the Nasdaq Listing Rules, and the matter will be closed.
About Check-Cap
Check-Cap is a clinical stage medical diagnostics company aiming to redefine colorectal cancer (CRC) screening through the introduction of C-Scan®, the first and only patient-friendly preparation-free screening test to detect polyps before they may transform into colorectal cancer and enable early intervention and cancer prevention. The Company's disruptive capsule-based screening technology aims to help millions of people to stay healthy through preventive CRC screening. C-Scan uses an ultra-low dose X-ray capsule, an integrated positioning, control and recording system, as well as proprietary software to generate a 3D map of the inner lining of the colon as it travels naturally along the gastrointestinal tract. C-Scan is non-invasive and requires no sedation. It requires no bowel preparation, allowing the patients to continue their daily routine with no interruption. C-Scan is not intended to replace colonoscopy. A positive C-Scan result should be followed by colonoscopy. C-Scan is an investigational device and is not available for sale in the United States.
Legal Notice Regarding Forward-Looking Statements
This press release contains "forward-looking statements" about the Company's expectations, beliefs or intentions regarding, among other things, its product development efforts, business, financial condition, results of operations, strategies or prospects. Words such as "may," "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar expressions, as well as statements in future tense, often signify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and may not be accurate indications of when such performance or results will be achieved. Forward-looking statements are based on information that the Company has when those statements are made or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. For a discussion of these and other risks that could cause such differences and that may affect the realization of forward-looking statements, please refer to the "Forward-looking Statements" and "Risk Factors" in the Company's Annual Report on Form 20-F for the year ended December 31, 2021 and other filings with the Securities and Exchange Commission (SEC). Investors and security holders are urged to read these documents free of charge on the SEC's web site at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
Investor Contacts
Irina Koffler
LifeSci Advisors, LLC
646.970.4681
ikoffler@lifesciadvisors.com
Meirav Gomeh-Bauer
LifeSci Advisors, LLC
+972(0)-54-476-4979
Meirav@lifesciadvisors.com
Media Contact
Mónica Rouco Molina, Ph.D.
Account Supervisor - Europe
LifeSci Communications
mroucomolina@lifescicomms.com
Logo: https://mma.prnewswire.com/media/820848/Check_Cap_Logo.jpg
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SOURCE Check-Cap Ltd. | https://www.wibw.com/prnewswire/2022/06/23/check-cap-ltd-nasdaq-chek-announces-receipt-extension-meet-nasdaqs-minimum-bid-price-requirement/ | 2022-06-23T13:20:06Z |
BELTON — In true all-star game fashion, the runs came in bunches in the early going of Friday’s Fellowship of Christian Athletes Victory Bowl softball game at Mary Hardin-Baylor’s Dee Dillon Field.
Then they slowed considerably.
After the teams combined for seven runs through the first two innings, the slugfest inched to a crawl as Red held on through the middle frames then tacked on three runs late in an 8-4 win over Blue in the annual exhibition game, which featured 24 players from 22 Central Texas schools.
Bremond’s Kylee Pierce, who started in the circle for Red, promptly gave herself a two-run cushion when she launched a high home run down the left-field line to score Troy’s Layni Tanner, who drew a walk and stole second off Blue starter Kate Houser (Lorena) to lead off the bottom of the first.
The lead was short-lived, though.
A trio of area players helped Blue quickly erase the deficit with three runs in the second, one of which came in a rather unconventional manner.
With one out, Cameron Yoe’s Mia Wimmer got things started with a line-drive single up the middle to give Blue its first hit off Pierce, who retired the first four batters she faced.
Academy’s SunnyDale Thies then reached on an error and Killeen’s Landry Searcy walked to load the bases and bring up Kylie Bliton (Florence), who sliced a short pop-up behind the plate that Red catcher Cadence Hopgood (Italy) dived and laid out near the visitor’s on-deck circle to reach before squeezing just enough to make the snow cone catch.
With no one covering home plate, however, Wimmer smartly tagged up from third, darting down the line to score her team’s first run. Thies and Searcy scored on RBI singles from Bosqueville’s Katie Branch and Kerens’ Kenadee Lynch, respectively, to make for a 3-2 Blue lead.
Again, though, the advantage was short-lived.
Red responded in its half of the second, which Belton product McKenzie Drake started with an infield hit and stolen base before scoring on a bloop single into shallow right by West’s Maddison Uptmor to tie the game at 3. Uptmor later scored on a passed ball to provide Red with a lead it didn't relinquish.
Pierce gave up no more runs, picking up the win while striking out five in four innings before Clifton’s Kasandra Gaona sealed the win with three innings of one-run relief.
“It was a great opportunity to get another chance to play,” said Drake, who helped the Lady Tigers to the playoffs as District 12-6A’s third seed. “For it being my last game, I definitely wanted to enjoy it and have fun and make new friends. It was nice to meet new people.”
Drake was one of four area players to represent Red, along with Temple’s Chloe Prentiss, who went 1-for-3 with a single and a steal; Tanner, who scored two runs; and Bruceville-Eddy’s Priscilla Alvarez, who had a walk, a sacrifice bunt and scored a run.
Prentiss, who batted second, was a key part of Temple’s turnaround from second-to-last in 12-6A in 2021 to a second-place finish this season that pushed the Tem-Cats into the postseason for the first time since her freshman year.
She echoed Drake’s thoughts on simply enjoying the atmosphere.
“It felt real good. It’s nice to go out having a fun game to relax and not put so much pressure on yourself,” she said. “I had to come out of my comfort zone a little bit. I wasn’t really worried much about a win or loss but it’s definitely nice to get the win.”
Still trailing by a run in the fourth, Wimmer again singled with one out and advanced to third when Thies followed by reaching on a two-base error. But the duo was left in scoring position after Pierce got the next two batters.
Drake reached safely in each of her plate appearances, drawing a one-out walk in the fourth, when Red tacked on an insurance run after China Spring’s Rue Sheehan singled home Clifton’s Karyme Fuentes for a 5-3 edge.
Red blew it open with a three-run sixth during which Alvarez walked, stole a base and scored on Tanner’s double, after which Tanner was brought home on a single by Crawford’s Kylie Ray.
Wimmer paced Blue’s five-hit attack and led all players with three hits, including a solo homer to the opposite field in right to finish off the scoring in the seventh.
Blue’s Brinly Burke of Corsicana was awarded the Gene Pemberton Servant Heart award following the game. | https://www.tdtnews.com/sports/article_4cb28946-e3af-11ec-9d1f-930616fbd2b5.html | 2022-06-04T04:13:07Z |
In a five-year project, the University of Central Florida (UCF) will implement Ansys' industry-leading simulation to analyze, test, and qualify the use of ammonia as an alternate fuel to power zero-carbon jet engines
/ Key Highlights
- Ansys' simulation tools will enable researchers to validate the use of liquid ammonia (NH3) as an alternate, more sustainable fuel for aircraft
- The collaboration will support, and potentially surpass, the worldwide aviation industry goal to reach near-zero emissions by 2050
- The simulation-powered research is poised to transform the aviation industry with an alternative fuel that would produce zero-carbon emissions
PITTSBURGH, Aug. 1, 2022 /PRNewswire/ -- Ansys (NASDAQ: ANSS) will support research led by the University of Central Florida (UCF) and funded by a $10 million NASA University Leadership Initiative five-year grant to accelerate aviation sustainability. The project aims to develop zero-carbon jet engines using liquid ammonia (NH3) as an alternate, more sustainable fuel for aircraft. Ansys' simulation solutions will be used as a key enabler of the project to both validate the use of ammonia and achieve the outcome within the desired timeline.
By integrating Ansys' chemical kinetics and computational fluid dynamics (CFD) simulation tools, Ansys Chemkin-Pro and Ansys® Fluent®, researchers will simulate complex, chemical reaction systems surrounding ammonia, including the vaporization of liquid ammonia inside heat exchange tubes, heat transfer, and the combustion of ammonia and hydrogen in the air. The goal is to use ammonia as a main hydrogen carrier by inducing chemical catalysis to leverage ammonia's hydrogen components while only releasing safe emissions into the air.
"We want to create a scalable solution for cleaner aviation and with Ansys' cooperation we will get there faster," said Jay Kapat, the lead investigator of the project and an engineering professor at UCF. He is an expert in his field and leads the Center for Advanced Turbomachinery and Energy Research at UCF. "We would not be able to authenticate the use of liquid ammonia as a reliable and alternate fuel without the sophistication and capability of Ansys' fluids simulation tools."
In addition to the sustainability of ammonia, it is naturally liquid at high altitudes, easier to handle than hydrogen, and does not require additional storage. In contrast, hydrogen requires special handling at high altitudes, thermal management, and ample on-board cryogenic storage.
"Simulation is reshaping a cleaner future in many industries, and today we applaud its continued impact on aviation with this exciting new project made possible by UCF and NASA. Simulation enables companies to save resources, energy and emissions before products are ever built; and build more energy-efficient products and processes that have far-reaching sustainability impacts," said Prith Banerjee, chief technology officer at Ansys and executive sponsor of Ansys' Academic and Sustainability Programs. "Through simulation, Ansys provides the predictive certainty to realize our customers' vision for a sustainable future and model interactions that we otherwise could not analyze, such as chemical reactions. We look forward to playing a role in developing groundbreaking sustainable aviation fuel options."
/ About Ansys
When visionary companies need to know how their world-changing ideas will perform, they close the gap between design and reality with Ansys simulation. For more than 50 years, Ansys software has enabled innovators across industries to push boundaries by using the predictive power of simulation. From sustainable transportation to advanced semiconductors, from satellite systems to life-saving medical devices, the next great leaps in human advancement will be powered by Ansys.
Take a leap of certainty … with Ansys.
Ansys and any and all ANSYS, Inc. brand, product, service and feature names, logos and slogans are registered trademarks or trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All other brand, product, service and feature names or trademarks are the property of their respective owners.
ANSS–T
/ Contacts
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SOURCE Ansys | https://www.wibw.com/prnewswire/2022/08/01/nasa-backed-program-selects-ansys-simulation-technology-help-validate-pioneering-research-aviation-sustainability/ | 2022-08-01T14:52:11Z |
DUBLIN, Sept. 6, 2022 /PRNewswire/ -- Theravance Biopharma, Inc. ("Theravance Biopharma" or the "Company") (NASDAQ: TBPH) will be participating in the following Fireside Chats, both of which will be webcast:
- Morgan Stanley 20th Annual Global Healthcare Conference on Tuesday, September 13 at 11:10 am ET (8:10 am PT/4:10 pm IST)
- H.C. Wainwright 24th Annual Global Investment Conference on Wednesday, September 14 at 1:30 pm ET (10:30 am PT/6:30 pm IST)
Webcasts of the events may be accessed by visiting Theravance.com, under the Investors section, Presentations and Events. Replay of the webcast will be archived on the Company's website for 30 days.
Theravance Biopharma, Inc.'s overarching purpose and goal as a biopharmaceutical company is focused on delivering Medicines that Make a Difference® in people's lives. In pursuit of its purpose, Theravance Biopharma leverages decades of expertise, which has led to the development of FDA-approved YUPELRI® (revefenacin) inhalation solution indicated for the maintenance treatment of patients with chronic obstructive pulmonary disease (COPD). Its pipeline of internally discovered programs is targeted to address significant unmet patient needs.
For more information, please visit www.theravance.com.
THERAVANCE BIOPHARMA®, THERAVANCE®, and the Cross/Star logo are registered trademarks of the Theravance Biopharma group of companies (in the U.S. and certain other countries). YUPELRI® is a registered trademark of Mylan Specialty L.P., a Viatris Company. Trademarks, trade names or service marks of other companies appearing on this press release are the property of their respective owners.
Contact: Gail B. Cohen
Corporate Communications / 917-214-6603
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SOURCE Theravance Biopharma, Inc. | https://www.wibw.com/prnewswire/2022/09/06/theravance-biopharma-present-upcoming-investor-conferences/ | 2022-09-06T11:35:01Z |
Pittsburgh Steelers quarterback Dwayne Haskins fatally struck by a dump truck on Florida highway, police say
By Jason Hanna, Wayne Sterling and Rebekah Riess, CNN
Dwayne Haskins, the Pittsburgh Steelers quarterback and 2018 Heisman Trophy finalist at Ohio State, was struck and killed by a dump truck Saturday morning while trying to cross a highway on foot in South Florida, police said.
Haskins, who re-signed with the Steelers in March after serving as a reserve last season, was 24.
Haskins was trying to cross Interstate 595’s westbound lanes, near the Fort Lauderdale-Hollywood International Airport in Broward County, when the dump truck hit him, the Florida Highway Patrol said. The incident was reported shortly after 6:30 a.m., the patrol said.
He had been “walking on (the highway) for unknown reasons,” the patrol said in a news release.
Details about what led up to the incident were not immediately available. In recent days, Haskins was in South Florida working out with some Steelers teammates, as captured in Instagram stories from Haskins and Steelers running back Najee Harris.
News of Haskins’ death drew statements of shock from around the league and beyond.
“I am devastated and at a loss for words with the unfortunate passing of Dwayne Haskins,” Steelers head coach Mike Tomlin said in a statement released by the team.
“He quickly became part of our Steelers family upon his arrival in Pittsburgh and was one of our hardest workers, both on the field and in our community,” Tomlin’s statement reads. “Dwayne was a great teammate, but even more so a tremendous friend to so many. I am truly heartbroken.
“Our thoughts and prayers are with his wife, Kalabrya, and his entire family during this difficult time.”
‘I feel like I can be a starter in this league’
Haskins, a third-string quarterback last season behind the now-retired longtime Steeler Ben Roethlisberger and backup Mason Rudolph, re-signed with the Steelers for one year last month, poised to enter his fourth year in the NFL.
This coming season, Haskins was set to compete with Rudolph and new Steelers acquisition Mitchell Trubisky for positions on the depth chart.
“I feel like I can be a starter in this league. I got drafted for that reason,” Haskins said in January, according to Steelers.com. “I definitely believe I have the talent to. I just haven’t put it all together yet. And that’s something I have to do this offseason to put myself in position to play.”
Haskins rose to prominence at Ohio State, where he set OSU and Big Ten Conference records as a redshirt sophomore in 2018, including single-season passing yards (4,831), touchdown passes (50) and total offensive yards (4,939).
He finished third in voting for that season’s Heisman Trophy, awarded to college football’s most outstanding player.
Washington selected Haskins as the 15th overall pick in the 2019 NFL Draft. Haskins played 16 games across two seasons for Washington — starting 13 times — before the team released him in December 2020 toward the end of his second season.
The Steelers picked him up in January 2021, though he did not enter a regular-season game for Pittsburgh.
Roethlisberger said on Twitter although he only knew Haskins for a short time, he knew him to be “a young man that didn’t seem to ever have a bad day.”
“He came to work everyday with a smile on his face and energy and love in his heart. I really enjoyed his passion and love for the game and wanting to learn and be the best. His smile and zeal for life will be missed!,” Roethlisberger said. “I’ll say it again just like I told you to your face, I still wish I could throw the ball like you,” he added.
‘Absolutely heartbroken’
The Washington Commanders, Ohio State and fellow players expressed shock and condolences.
Steelers defensive tackle Cameron Heyward tweeted “Dwayne meant so much to so many people.”
“His smile was infectious and he was a guy you wanted to be around,” Hewyard wrote. “We are all in shock about losing him. We are going to miss the heck out of him as well. We lost you way too early. Luckily I got a chance to get to know you. RIP DH.”
Haskins’ second head coach in Washington, Ron Rivera, said Saturday he was “absolutely heartbroken” to hear of his former player’s passing.
“Dwayne was a talented young man who had a long life ahead of him,” Rivera’s statement reads. “This is a very sad time and I am honestly at a loss for words. I know I speak for the rest of our team in saying he will be sorely missed.”
Steelers wide receiver Chase Claypool remembered Haskins’ selflessness in his final interaction with him.
“I spent your final moments with you and I can’t help but think about how selfless you were in those moments. All you cared about was making sure that everyone around you was okay and I can’t thank you enough for that. You are what I strive to be,” Claypool tweeted.
Ryan Day, head coach at Ohio State, said in a tweet the university community is “heartbroken.”
“The loss of Dwayne is beyond tragic and extremely difficult to process. For those who knew him closely, he was much more than a great football player. He had a giant heart, old soul and an infectious smile,” Day tweeted.
The Ohio State athletics department released a statement saying it was “terribly saddened to learn of the death of Dwayne Haskins Saturday morning.”
“We are thinking of the entire Haskins family during this most difficult time. Our prayers are with the family, and with his current and former teammates, coaches, friends and relatives,” the statement reads.
In his 16 career NFL games at Washington, Haskins threw for 2,804 yards, 12 touchdowns and 14 interceptions.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/sports/cnn-sports/2022/04/10/pittsburgh-steelers-quarterback-dwayne-haskins-fatally-struck-by-a-dump-truck-on-florida-highway-police-say-2/ | 2022-04-10T18:28:56Z |
CLEVELAND (WJW) — The impact of the Supreme Court ruling to overturn Roe v. Wade continues to have an effect. A northeast Ohio woman was forced to travel out of state for an abortion that she says saved her life.
“We were on such a high with the pregnancy. We were buying clothes, we had the name picked out, we were planning a baby shower, parties and stuff,” said Justin George of Brook Park, referring to his wife, Tara’s, pregnancy.
However, their world came crashing down at Tara George’s 20-week ultrasound appointment.
“Our doctor did her own scan to look at everything, and she pretty much was like, ‘We need to have a serious conversation. We are noticing things with the baby that are extremely dangerous for him and for you,'” said Tara George.
Her OB-GYN said their baby would not likely survive once he was born, so they were left with two options.
“We could see if he could make it to a point to even have him at all and not have anything dangerous happen to me as far as my health since I have a blood clotting disorder,” she said. “Or the only other option would be to go through and terminate early.”
A difficult decision was made even more so by Ohio’s Heartbeat Bill, which bans abortions after six weeks of gestation.
Tara George said the Cleveland hospital told them they couldn’t terminate the pregnancy because she was past that time.
“Knowing Tara’s health was on the line and the baby’s chance of survival was slim, I really thought that in Ohio, everyone said that they were gonna do anything to protect the mother. I honestly never even thought twice that they would say no to us, and then when they did, we had to start finding other options,” said Justin George.
The couple contacted doctors in Michigan, Pennsylvania, Illinois and Maryland before deciding on a hospital in Michigan.
“We got a call shortly after saying unfortunately they weren’t going to be able to help me. The next
morning, thankfully, they called back and said they worked it out,” said Tara George. “They were able to take us as long as we could get there by a certain time, which ended up happening.”
She is still recovering both mentally and physically, but she said there are other women going through similar situations.
“With everything going on in Ohio, unfortunately, there are a lot of women that are feeling very scared and very nervous to even try to have their own family because heaven forbid something happens to them,” she said.
The Georges want to try to get pregnant again but say they are hesitant due to talk of Republican leaders looking to further restrict access to abortion, including banning travel across state lines for the procedure. | https://cw33.com/news/nexstar-media-wire/extremely-dangerous-woman-forced-out-of-state-for-life-saving-abortion/ | 2022-08-31T16:29:20Z |
Blumira leverages award-winning support to help make security more accessible
ANN ARBOR, Mich., July 28, 2022 /PRNewswire/ -- Blumira, a leading cybersecurity provider of automated threat detection and response technology, today announced that its customer satisfaction score (CSAT) reached 100 percent in Q2 of 2022. Blumira surveyed customers across industries after users engaged with Security Operations (SecOps), technical support, and Technical Account Management (TAM), and all teams received scores of 100 percent.
Blumira's high customer satisfaction rate demonstrates its ongoing commitment to providing customers with not only the tools and solutions they need to achieve cybersecurity but also access to a team of experts. These experts can answer questions about security findings surfaced in the product, share how to respond based on Blumira's playbook recommendations, and advise organizations about how to improve their overall security maturity.
"Blumira's mission is to make cybersecurity achievable to all organizations, and a critical part of that is offering ongoing, one-on-one support to our customers," said Jim Simpson, CEO of Blumira. "Many of our users are small teams that juggle both IT and security tasks for their entire company. Helping them address issues, understand the validity of threats, and strategize long-term cybersecurity approaches is important to achieving our overall mission. I'm proud of our SecOps, technical support and Technical Account Management teams for all the work they put into supporting our customers."
Customers recognize and appreciate Blumira's dedication to partnering with their customers to find solutions to security problems. "I take comfort in knowing that we can talk to a real person about the issues, who can help us understand the validity of the threats and the long-term approach that we should be taking," said Elph Morgan, IT Manager at Zingerman's.
Dan Kontak, IT Director at National Machinery, added, "We've always looked for external expertise to manage our security. Not just a company, but a partner. [Blumira's team] suggests ways to improve our security. I know that it's constantly being evaluated."
In addition to providing one-on-one support for customers. Blumira does all of the heavy lifting of many security tasks, including parsing, creating native third-party integrations, and testing and tuning detection rules to reduce noisy alerts in its platform. This is critical for organizations with smaller teams that have limited time and fewer resources.
Ethan Shutika, Director of IT and Security at Nittany Oil, said, "It's easy to use the portal, and Blumira's team is quick and helpful to add rules and help with detection. I like that I can get text notifications of higher risk findings. Being on a small team without the time to watch the application constantly, that can be helpful."
All three of Blumira's support teams are included in a flat subscription-based fee, per user, while other solutions charge more for onboarding, support, and ongoing maintenance.
Blumira's high CSAT score comes on the heels of the company receiving numerous industry accolades, including:
- 31 G2 Badges (Summer 2022), including "Easiest To Do Business With" and "Best Support" for the eighth consecutive time. Blumira scored high in customer satisfaction across the board. 96 percent of customers would recommend Blumira to others.
- CRN 2022 Emerging Vendors List recognition.
- Globee Cyber Security Global Excellence Awards for "Startup of the Year" and "Chief Technology Officer of the Year."
- SourceForge Top Performer Award, based on user reviews.
For more information about Blumira, please visit https://www.blumira.com.
About Blumira
Blumira is a leading cybersecurity provider of automated threat detection and response technology. Blumira's mission is to make security accessible to organizations of all sizes. Founded in 2018, Blumira's cloud security platform helps organizations with limited security resources to detect and respond to cybersecurity threats faster to stop ransomware and data breaches. The all-in-one solution is quick to deploy, easy to implement, and integrates broadly across cloud and on-premises technology to provide coverage for hybrid environments. Blumira was recognized by G2 as a Momentum leader, ranked as 'Best Return on Investment (ROI),' 'Fastest Implementation,' and 'Easiest to Use' in the G2 Summer 2022 Grid® Reports.
Media Contact:
Katherine Benfield
Lumina Communications for Blumira
Blumira@luminapr.com
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SOURCE Blumira | https://www.wibw.com/prnewswire/2022/07/28/blumiras-customer-satisfaction-scores-reach-100-percent-q2-2022/ | 2022-07-28T14:34:16Z |
Ann brings a 30-year track record of transformative leadership, growth acceleration, and revenue creation
MILWAUKEE, June 14, 2022 /PRNewswire/ -- Penrod, a leading Salesforce Expert Navigator in healthcare and life sciences, announced Ann Hanna as an independent board member. Ann brings over 30 years of C-level management experience at start-ups and mid-market companies, where she developed a proven track record of accelerating growth and creating industry niches.
After securing a large investment from Salesforce Ventures and a Milwaukee family office earlier this year, Penrod is rapidly accelerating the development of innovative solutions for healthcare and life science companies. The addition of Ann to the board will ensure that Penrod continues to rapidly grow its portfolio of healthcare, pharmaceutical, medical device, and insurance clients across the United States.
"We're incredibly excited for the growth expertise Ann will bring to the board," said Chris Widmayer, Chief Executive Officer. "Ann's unique perspective will allow us to not only remain leaders in the healthcare and life sciences industry; but become even more influential as we focus on our mission of creating exceptional experiences."
"I look forward to working with the uniquely talented professionals at Penrod," said Ann. "Penrod's continuing evolution based on vision, opportunity, and skillful execution will be a role model for other fast-growth companies in our region."
Ann is currently the managing director and co-founder of Taureau Group where she reinvented the M&A practice to create a boutique investment banking firm serving middle market companies throughout the world. Prior to Taureau Group, she worked with General Motors, Shell Oil, and Structurewerks. She received an MBA in Finance and Corporate Taxation from California State University.
To learn more, visit penrod.co
Penrod is a healthcare and life sciences consulting company that empowers exceptional experiences by engaging and consulting on technology and enabling digital transformation. Founded in 2011, a Summit Salesforce Partner since 2016, and HIPAA compliance accredited, Penrod has helped hundreds of companies ranging from startup to the Fortune 500; from pre-FDA approval to full commercialization; from specialty clinic to major healthcare system; improve their own patient experiences and implement technology to meet the challenges of the industry as they continue to evolve.
Media Contact:
Matt Fiel
Penrod
(414) 982-2250
mfiel@penrod.co
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SOURCE Penrod | https://www.wibw.com/prnewswire/2022/06/14/penrod-announces-appointment-ann-hanna-an-independent-board-member/ | 2022-06-14T16:23:40Z |
Covid lockdowns are causing chaos in the world’s biggest car market
By Laura He, CNN Business
Factories shut down, new model launches delayed and sales plunging. China’s huge car market has been thrown into disarray by the country’s latest Covid surge, with stringent lockdowns across several cities hitting vehicle production.
China’s worst Covid outbreak in two years has prompted authorities to ramp up the country’s zero-Covid policy, locking down several major cities and tens of millions of people.
The strict lockdown measures in places such as Shanghai and Jilin province have forced automakers to shut down manufacturing and risk delayed shipments at a time when global demand for vehicles is strong.
Volkswagen’s factories in Shanghai and Changchun, the provincial capital of Jilin, have been shut for weeks, the company said on Monday.
“Due to the current Covid situation, production in our factories in Changchun (since mid-March) and Anting/Shanghai (since April 1) is currently on hold,” Volkswagen said in a written response to CNN Business. “This is currently causing a delay in production.”
The company added that it will compensate for the production stoppages “if the situation eases in the near future,” through extra shifts and other measures. “At present, we are assessing the situation from day to day,” it added.
Nio, a Chinese electric vehicle maker, also said Saturday that it had suspended production because of Covid-related disruptions.
“Since March, due to the pandemic, the company’s supplier partners in several places including Jilin, Shanghai and Jiangsu suspended production one after the other and have yet to recover,” the company said in a statement. “Consequently, Nio has halted car production,” it said, adding that the company will postpone deliveries of its EVs to users.
It’s not just individual manufacturers. The Beijing auto show, one of the industry’s largest global gatherings, has been postponed until further notice due to the recent surge in Covid cases. The event was originally scheduled to be held from April 21 to April 30.
“We will pay close attention to the development of the pandemic,” Secretariat of Auto China said in a post on its official WeChat account on Saturday, adding that it will announce new dates in due course.
That means several new car launches will be delayed. Chinese EV makers Nio, XPeng, and Li Auto have previously said they would unveil new models at the Beijing autoshow.
The Covid restrictions have also taken a toll on the country’s car sales.
Auto sales in China plunged 12% in March from a year ago, reversing a 19% increase in February and ending two straight months of growth, data from the China Association of Automobile Manufacturers showed on Monday.
The association attributed the decline to the recent surge in Covid cases.
Monday’s data showed one bright spot, however — China’s demand for electric vehicles remains strong.
About 455,000 new energy vehicles, including hybrids and pure EVs, were sold in March, up 122% from a year ago, according to separate data from the China Passenger Car Association.
Tesla’s China sales were particularly strong, ranking first among pure-electric brands.
The company delivered 65,814 China-made vehicles in March, with the majority of those sold in the Chinese market. That number was up 85% from a year ago.
BYD, meanwhile, sold the most new energy vehicles in China, delivering 104,878 units in March. Among them, 53,664 were pure-electric models.
Tesla didn’t immediately respond to a request for comment about its March sales numbers.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/money/cnn-business-consumer/2022/04/11/covid-lockdowns-are-causing-chaos-in-the-worlds-biggest-car-market/ | 2022-04-12T07:22:03Z |
NEW YORK, Aug. 8, 2022 /PRNewswire/ -- Mill Rock Packaging Partners ("Mill Rock Packaging" or the "Company"), a specialty packaging platform that invests in growth-oriented companies with advanced service and product capabilities in the consumer packaging industry, announced that Steve Rice has been named Chief Information Officer, a new position for the company. Mill Rock Packaging is a portfolio company of New York-based Mill Rock Capital, a growth and operations-oriented private investment firm.
Steve is an accomplished technology and system enterprise professional with 20 years' experience, including an extensive background in packaging production, manufacturing and fulfillment. Prior to joining Mill Rock Packaging, he worked for 15 years with EFI Radius, an industry-leading, purpose-built enterprise resource planning software provider to the packaging industry, where he was a key leader in the Company's product development and delivery team. Previously, Steve spent five years with Business Intelligence Solutions, managing new software products and directing technical design, sales and delivery planning.
Allen Ennis, Mill Rock Packaging CEO, commented, "On behalf of the entire Mill Rock Packaging team, we are pleased that Steve is joining as our CIO. Steve has a long history working with several of our team members, and his proven expertise in paper packaging system design and integration will be invaluable as we build out our platform systems, data and information environments."
In his new role at Mill Rock Packaging, Steve will be responsible for building a world-class technology platform to enhance Mill Rock Packaging's use of its enterprise system, cloud, big data, and other technology applications to foster an environment that will drive customer success.
Mr. Rice commented, "I am very excited to join Mill Rock Packaging at this critical and exciting point in the Company's growth trajectory. I look forward to working with the team to build out the gold standard of technology systems and processes to better serve our customers and enhance future integration processes."
Mill Rock Packaging Vice Chairman and Mill Rock Capital Senior Partner Bob Feeser said, "We are committed to prioritizing technology and investing in people, systems, automation and data across all of our companies. We welcome Steve's leadership in delivering an information-rich environment to accelerate further growth."
ABOUT MILL ROCK PACKAGING PARTNERS
Mill Rock Packaging Partners is a specialty packaging growth platform and a portfolio company of Mill Rock Capital. The partnership was formed in 2020 to invest in growing businesses with advanced service and product capabilities in the consumer packaging industry. For more information, please visit https://millrockpackaging.com/.
ABOUT MILL ROCK CAPITAL
Great Mill Rock LLC dba Mill Rock Capital is a growth- and operations-oriented private investment firm that invests in well-positioned middle market industrial businesses in North America. Founded by Christopher Whalen and Adi Pekmezovic, Mill Rock Capital is purpose-built to invest in family-owned businesses, owner-operators and founder-led companies across six industry verticals. Focus sectors include chemicals, materials and packaging; industrial distribution; services; metals and engineered materials; transportation and logistics; and specialty manufacturing and industrial technology. This strategy leverages the deep expertise of the firm's principals, a majority of whom have direct operating experience in these same industries. Mill Rock Capital supports business transformation through a dual-sourcing strategy encompassing majority equity and Activ Capital® – debt, senior equity or hybrid investments which provide business owners value-added financial partnership without relinquishing a controlling stake. For more information, please visit https://millrock-cap.com/.
Contact:
Joanne Lessner, Lambert
212-222-7436
jlessner@lambert.com
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SOURCE Mill Rock Packaging Partners | https://www.wibw.com/prnewswire/2022/08/08/steve-rice-joins-mill-rock-packaging-chief-information-officer/ | 2022-08-08T12:19:54Z |
Leading Renovation Enablement Platform Surpasses $10B in Renovation Loan Demand
PHILADELPHIA , April 4, 2022 /PRNewswire/ -- RenoFi, the renovation enablement platform company, today announced $14 million in Series A funding. The round serves as a strong endorsement of RenoFi's vision to empower lenders to offer best-in-class financing solutions that better meet the needs of today's homeowners. Canaan led the round with new participation from Nyca Partners and CMFG Ventures. The company will use the funds to scale its business operations and product roadmap, including its first-of-its-kind renovation enablement platform for lenders.
The time for lenders to enhance their product suite and better meet the needs of today's renovating homeowners has never been more critical. With an aging housing stock, record low inventory, a global pandemic that turned homes into permanent hybrid workspaces, and the largest generation in American history entering their prime homebuying years, this is shaping up to be the decade of renovation. But lenders are severely unprepared and need help to capitalize on the $400B+ primary homeowners already spend annually on renovations and repairs.
The two most popular financial products used to finance home renovations – cash-out refinances and home equity loans – are not designed for renovations. While they can work well for those who've been in their homes for a decade or more, they don't meet the needs of recent homebuyers who haven't yet built up equity. To solve this problem, lenders need to offer financing solutions purpose-built for renovations.
RenoFi's Renovation Enablement Platform is the first and only end-to-end loan origination and underwriting platform specifically built to enable renovation lending. The core of RenoFi's technology platform is its Renovation Underwriter (RU) enabling lenders to provide loans based on a home's post-renovation value (as opposed to current value of the home with a traditional home loan), helping lenders increase the borrowing power of their customers by 11x on average.
"We believe more than ever that RenoFi will become the platform powering the de facto financing products for home renovations, a $400B+ market that's been underserved to date," said Brendan Dickinson, general partner at Canaan who also led Renofi's seed round back in June 2020. "The team's progress since its last round has been incredibly strong and speaks to the big future ahead."
RenoFi completed its first full year of operation in 2021, tripling headcount to more than 60 people and partnering with more than a dozen new lenders now offering RenoFi-powered loans in 49 out of 50 states. Since launch, homeowners have generated more than $10B in renovation financing demand from lenders powered by RenoFi's platform.
"Historically, paying for that renovation is a whole journey in and of itself," said Justin Goldman, co-founder and CEO of RenoFi. "Every other major purchase we make in our life has a smart and easy financing solution attached to it. Buying a car? Get an auto loan. Buying a house? Get a mortgage. Going back to school? Get a student loan. Each of these is a purpose-built financial product for a specific use. Remarkably, until now, this has not existed for home renovations. We decided from the outset that the best way to actually help homeowners was to build the rails that America's great lending institutions needed to bring this new product category online. With the reception we're getting from lenders, it's clear we made the right choice."
To learn more about RenoFi's platform and loan offerings, please visit https://www.renofi.com/.
About RenoFi
Renofi is the renovation enablement platform company that empowers lenders to offer best-in-class financing solutions that better meet the needs of today's homeowners. The company offers the only end-to-end loan origination and underwriting platform specifically built to enable renovation lending, allowing homeowners to borrow against their home's post-renovation value, instead of the home's current value, and increasing borrowing power by 11x on average. The company is backed by leading investors including Canaan, First Round Capital, Nyca Partners & CMFG Ventures. To learn more please visit https://www.renofi.com/.
Media Contact
press@renofi.com
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SOURCE RenoFi | https://www.wibw.com/prnewswire/2022/04/04/renofi-secures-14-million-enable-every-lender-become-renovation-lender/ | 2022-04-04T15:35:39Z |
Woman from Andover using Wichita Open to help raise funds for tornado victims
WICHITA, Kan. (KWCH) - Nearly two months removed from the tornado that slammed part of southeast Sedgwick County and the Andover community, many are still in need of assistance during the ongoing rebuilding process. At the Wichita Open, continuing through Sunday, June 19 at Crestview Country Club, Eyewitness News spoke with one woman, originally from Andover, who is using the popular golf tournament to spread the word about what she’s continuing to do to try and help the heavily impacted community.
“We’re trying to provide healthy meals to make life simple, Lyndsey Copple explained. “Life is very stressful right now, so we want to help those who haven’t got as much help in the beginning, and stuff has faded out They’re fresh, easy meals you cook in an [instant pot] or crockpot, so we’re looking for donations for those appliances as well, depending on what people have lost.”
If you’d like to contribute to the cause, you can find information on doing so here: https://morethanamealco.com/.
Copyright 2022 KWCH. All rights reserved. | https://www.wibw.com/2022/06/17/woman-andover-using-wichita-open-help-raise-funds-tornado-victims/ | 2022-06-18T18:23:20Z |
LEAD PLAINTIFF DEADLINE IS SEPTEMBER 12, 2022
NEW YORK, July 26, 2022 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of investors who purchased or otherwise acquired the American Depositary Shares ("ADS's) of Molecular Partners AG ("Molecular Partners" or the "Company") (NASDAQ: MOLN) on behalf of a class consisting of all persons that purchased or otherwise acquired:
- Molecular Partners American Depositary Shares ("ADS's") pursuant and/or traceable to the Offering Documents issued in connection with the Company's Initial Public Offering conducted on or about June 16, 2021 (the "IPO"); and/or
- Molecular Partners securities between June 16, 2021 and April 26, 2022, both dates inclusive (the "Class Period").
All investors who purchased the ADS's of Molecular Partners and incurred losses are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com.
If you have incurred losses in the ADS's of Molecular Partners, you may, no later than September 12, 2022, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in the ADS's of Molecular Partners.
PLEASE CLICK HERE TO JOIN CASE
On April 22, 2021, Molecular Partners filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission ("SEC") in connection with the IPO, which, after several amendments, was declared effective by the SEC on June 15, 2021 (the "Registration Statement").
Pursuant to the Offering Documents, Molecular Partners conducted the IPO, issuing 3 million of its ADSs to the public at the IPO price $21.25 per ADS, for proceeds to the Company of approximately $59 million
The filed complaint alleges that the Offering Documents were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation. Additionally, the complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, the Offering Documents and Defendants made false and/or misleading statements and/or failed to disclose that:
- ensovibep was less effective at treating COVID-19 than Defendants had led investors to believe;
- accordingly, the FDA was reasonably likely to require an additional Phase 3 study of ensovibep before granting the drug EUA;
- waning global rates of COVID-19 significantly reduced the Company's chances of securing EUA for ensovibep;
- as a product candidate, MP0310 was less attractive to Amgen than Defendants had led investors to believe;
- accordingly, there was a significant likelihood that Amgen would return global rights of MP0310 to Molecular Partners;
- as a result of all the foregoing, the clinical and commercial prospects of
ensovibep and MP0310 were overstated; and - as a result, the Offering Documents and Defendants' public statements throughout the Class Period were materially false and/or misleading and failed to state information required to be stated therein.
On November 16, 2021, Molecular Partners disclosed that "a planned futility analysis of ensovibep in an] ongoing [Phase 3] clinical study . . . has not met the thresholds required to continue enrollment of adults with COVID-19 in the hospitalized setting."
On this news, Molecular Partners' ADS price fell $4.64 per ADS, or 31.37%, to close at $10.15 per ADS on November 16, 2021.
On April 26, 2022, months after applying for EUA from the FDA for ensovibep, Novartis' Chief Executive Officer, Vas Narasimhan, disclosed that "given the latest feedback . . . in our discussions with the [FDA], we would expect the agency to require a Phase 3 study before granting an EUA approval or a general approval" for ensovibep, and that "we need to make a kind of sober evaluation as to is it a doable study in light of the waning rates of COVID around the world[.]"
On this news, Molecular Partners' ADS price fell $2.68 per ADS, or 16.17%, to close at $13.89 per ADS on April 26, 2022.
Then, also on April 26, 2022, during after-market hours, Molecular Partners "announced that Amgen . . . has informed the Company of their decision to return global rights of MP0310 to Molecular Partners following a strategic pipeline review."
On this news, Molecular Partners' ADS price fell $5.19 per ADS, or 37.37%, to close at $8.70 per ADS on April 27, 2022-a total decline of $7.87 per ADS, or 47.5%, over two consecutive trading days, and 59.06% below the $21.25 per ADS IPO price.
As of the time the complaint was filed, the price of Molecular Partners' ADS's continued to trade below the $21.25 per ADS IPO price, damaging investors.
PLEASE CLICK HERE TO JOIN CASE
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.
Contact:
Wolf Haldenstein Adler Freeman & Herz LLP
Patrick Donovan, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, donovan@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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SOURCE Wolf Haldenstein Adler Freeman & Herz LLP | https://www.wibw.com/prnewswire/2022/07/26/molecular-partners-class-action-alert-wolf-haldenstein-adler-freeman-amp-herz-llp-announces-that-securities-class-action-lawsuit-has-been-filed-against-molecular-partners-united-states-district-court-southern-district-new-york/ | 2022-07-26T13:38:27Z |
Dr. Appel is the MDA ALS Care Center Director at the first multi-disciplinary clinic for ALS patients in the US at Houston Methodist Hospital.
NEW YORK, May 24, 2022 /PRNewswire/ -- The Muscular Dystrophy Association (MDA) today announced that Dr. Stanley H. Appel will receive the MDA Tribute Award on June 2 in Houston, to acknowledge his extraordinary work in pioneering ALS research and care and to celebrate the 40th anniversary of what is now the Houston Methodist Neurological Institute's MDA ALS Research and Clinical Center in Houston. Established in 1982 by Dr. Appel, the center was the first multidisciplinary clinic dedicated to ALS patient care and research in the United States. In addition to serving as Director of the MDA ALS Research and Clinical Center and Emeritus MDA Board Member, Dr. Appel is the Director of the Ann Kimball and John W. Johnson Center for Cellular Therapeutics at Houston Methodist.
MDA will recognize Dr. Appel during its Tribute Tour celebrating local Houston champions, Care Centers, partners, volunteers, and families. As part of the Tribute Tour, MDA leadership will visit the Houston Methodist Neurological Institute's MDA ALS Research and Clinical Center in Houston in honor of its 40th anniversary, in addition to visits to thank the community of longstanding volunteers and partners. The MDA Tribute Award will be presented to Dr. Appel among the community he has served for 40 years. The MDA Tribute Tour commenced in the volunteer state of Tennessee prior to arriving in Houston and continues to St. Louis over Labor Day.
Dr. Appel has received at least 42 individual grant awards from MDA, including a current award to evaluate autologous T regulatory cells in a clinical trial for ALS. He was a member of the MDA Board of Directors from 1979 to 2019 and now serves as Emeritus MDA Board Member.
"Dr. Appel helped mold our organization into the number one voluntary health organization in the US for people living with muscular dystrophy, ALS, and related neuromuscular diseases. We celebrate Dr. Appel for his revolutionary research and his compassion for people living with ALS," said Donald S. Wood, PhD, President and CEO of MDA. "For over 70 years, MDA has led the way, investing over $173 million in innovations in ALS science and care, and it is largely thanks to Dr. Appel's invaluable service that we have made such inroads in research today."
An internationally renowned researcher and neurologist, Dr. Appel is dedicated to the treatment of patients with amyotrophic lateral sclerosis (ALS) and is one of the nation's foremost experts on the disease. He has spent more than 40 years devoted to understanding the human brain. Dr. Appel's laboratory focuses on developing new insights into ALS, Parkinson's disease, and Alzheimer's disease, and was the first to document regulatory T-lymphocytes modulate disease progression in ALS patients. His focus is on enhancing the protective immunity of T-reg cells and anti-inflammatory microglia in neurodegeneration.
The MDA Tribute Award will be presented to Dr. Appel on June 2, the same day Major League Baseball has proclaimed 'Lou Gehrig Day' in honor of the hall of famer who passed away from ALS. To learn more about MDA's work in ALS from the experts, including Dr. Appel, view this video.
About Muscular Dystrophy Association
Muscular Dystrophy Association (MDA) is the #1 voluntary health organization in the United States for people living with muscular dystrophy, ALS, and related neuromuscular diseases. For over 70 years, MDA has led the way in accelerating research, advancing care, and advocating for the support of our families. MDA's mission is to empower the people we serve to live longer, more independent lives. To learn more visit mda.org and follow MDA on Instagram, Facebook, Twitter, TikTok, and LinkedIn.
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SOURCE Muscular Dystrophy Association | https://www.mysuncoast.com/prnewswire/2022/05/24/stanley-h-appel-md-world-renowned-als-researcher-clinician-receive-mda-tribute-award-honoring-40-years-critical-contributions-medicine/ | 2022-05-24T20:20:19Z |
LOS ANGELES, July 7, 2022 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Verrica Pharmaceuticals Inc. ("Verrica" or the "Company") (NASDAQ: VRCA).
Class Period: May 28, 2021 – May 24, 2022
Lead Plaintiff Deadline: August 5, 2022
If you are a shareholder who suffered a loss, click here to participate.
The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors: (1) that there were manufacturing deficiencies at the facility where Verrica's contract manufacturer produced bulk solution for VP-102; (2) that these deficiencies were not remediated when Verrica resubmitted its NDA for VP-102 for molluscum; (3) that the foregoing presented significant risks to Verrica obtaining regulatory approval of VP-102 for molluscum; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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SOURCE The Law Offices of Frank R. Cruz, Los Angeles | https://www.wibw.com/prnewswire/2022/07/07/vrca-investors-have-opportunity-lead-verrica-pharmaceuticals-inc-securities-fraud-lawsuit/ | 2022-07-07T15:43:34Z |
ISTANBUL, June 1, 2022 /PRNewswire/ -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred to herein as "Hepsiburada" or the "Company"), today announces its unaudited financial results for the first quarter ended March 31, 2022.
First Quarter 2022 Financial and Operational Highlights
- Gross merchandise value (GMV) grew by 84.4% compared to Q1 2021, reaching TRY 8.3 billion.
- Revenue grew 82.4% compared to Q1 2021, reaching TRY 2,527.9 million.
- Number of orders increased 63.2% to 15.0 million compared to 9.2 million orders delivered in Q1 2021.
- Active Customers reached 12.0 million from 9.4 million in Q1 2021 on 27.5% increase.
- Frequency grew to 4.9 in Q1 2022 from 4.1 in Q1 2021 on 22.1% increase.
- Active Merchant base increased to 82.9 thousand from around 53.5 thousand in Q1 2021 with 55.0% increase.
- Number of SKUs reached 110.7 million as at March 31, 2022 compared to 52.6 million at March 31, 2021, marking 110% year-over-year growth.
- Share of Marketplace GMV resulted in a 65.4% level, compared to 69.6% in Q1 2021.
- EBITDA was negative TRY 302.9 million in Q1 2022 compared to negative TRY 103.7 million in Q1 2021.
- Net loss for the period was TRY 239.7 million compared to a net loss of TRY 237.3 million for Q1 2021.
- Free cash flow was negative TRY 1,361.9 million compared to negative TRY 158.8 million in Q1 2021.
Commenting on the results, Mr. Emirdag, CEO of Hepsiburada said: "We had a solid start to the year in the first quarter with continued growth across our key operational metrics, delivering 84% GMV growth, resulting in an 82% revenue growth compared to the same period of last year. This performance was mainly driven by 15 million orders, a rise of 63% year over year, fueled by healthy customer and order frequency growth, despite headwinds from rising inflation, fierce competition and geopolitical uncertainty.
Our household brand name, the availability of our wide product selection, our hybrid 1P-3P business model, our robust logistics network and affordability solutions contributed to this performance as we continued our focus on path to profitability with diligent execution. We continued to drive growth in strategic assets, notably Hepsipay. In just nine months since it was launched, Hepsipay Wallet surpassed 7.1 million users, or around 60% of our Active Customer base as at the end of first quarter.
We believe customer satisfaction is a critical long-term success factor for e-commerce. We are delighted to have been named Turkey's most recommended e-commerce brand in the first quarter by FutureBright. The trust of customers encourages us to work even harder towards further improving our best-in-class customer experience, which already includes frictionless return, next-day delivery, and our convenient two-men handling cargo service, all enabled by our well-established logistics and technology infrastructure.
Meanwhile, we have progressed on our path to profitability by seeking further marketing efficiency, effective cost management and gross contribution margin improvement. Looking ahead, we are focused on continuing to build on our strong value proposition for both customers and merchants, standing by them in the current challenging macroeconomic environment. We remain committed to taking further steps forward on our path to profitability."
Summary: Key Operational and Financial Metrics
The following table sets forth a summary of the key unaudited operating and unaudited financial data for the three months ended March 31, 2022, March 31, 2021 and December 31, 2021 prepared in accordance with IFRS.
Note that EBITDA and free cash flow are non-IFRS financial measures. See "Presentation of Financial and Other Information" section of this press release for a definition of such non-IFRS measures, a discussion of the limitations on their use, and reconciliations of the non-IFRS measures to the most directly comparable IFRS measures. See the definitions of metrics such as GMV, Marketplace GMV, share of Marketplace GMV, gross contribution, gross contribution margin, EBITDA as a percentage of GMV and number of orders and Active Customer in the "Certain Definitions" section of this press release.
Financial Outlook
The below forward-looking statements reflect Hepsiburada's expectations as of June 1, 2022, considering trends year to date and could be subject to change, and involve inherent risks which we are not able to control or foresee. The financial outlook is based on management's current views and estimates with respect to existing market conditions. However, there are several uncertainties including geopolitical headwinds in the region, the inflationary environment both in Turkey and global markets, local currency volatility, low consumer confidence, pressure on purchasing power, disruption risks in the supply chains, evolving competitive landscape as well as potential regulatory changes in the e-commerce law. In addition, the implementation of International Accounting Standard 29 "Financial Reporting in Hyperinflationary Economies" ("IAS 29") to the financial statements starting from the second quarter onwards (See section "Upcoming Adjustment to the Financial Statements to Implement IAS 29 Standard") will impact our financial statements as well as non-IFRS measures including GMV. Please refer to the Forward Looking Statements section below. Management's views and estimates are subject to change without notice.
Our differentiated value proposition for both customers and merchants combined with our diligent execution have enabled us to make a solid start to 2022. Given the aforementioned market dynamics, the continuation of uncertainties and the limited visibility on inflation trajectory and its impact on consumer behavior for the remainder of the year, we are not making any adjustments to our guidance at this time. As a reminder, we had set our guidance at around 50% GMV growth for the full year 2022 compared to 2021 with figures unadjusted for inflation as per IAS 29.
As the improvement in our profitability margins from Q4 2021 to Q1 2022 demonstrates, we remain focused on progressing on our path to profitability through disciplined cost and cash management. Our path to profitability will continue to be derived from our accelerating growth drivers, differentiating services through robust logistics and technological capabilities, as well as prudent execution of our strategic assets. As a result, as of the end of Q1 2022, we remain committed not to raise further capital for the next 18 months.
Key Business Developments
GMV and Order Growth
At TRY 8.3 billion, our Q1 2022 GMV grew by 84.4% compared to the same period of last year when we had already experienced strong GMV growth (i.e. 94.9% GMV growth in Q1 2021 compared to Q1 2020). At a two-year compounded annual growth rate (calculated over the last 24-months period), our Q1 2022 GMV growth rate was 90%. If we were to adjust our GMV for inflation with the announced the Turkish Statistics Institute ("TurkStat") monthly consumer price index numbers, GMV growth in Q1 2022 compared to Q1 2021 would have been 19.2%.
For Hepsiburada, GMV growth is a function of the growth in number of orders and average order value. Total number of orders in the first quarter was at 15.0 million, indicating a 63.2% increase compared to the same period of last year. As the two key components of the order growth, our Active Customer base increased to 12.0 million in Q1 2022 from 9.4 million in Q1 2021 while the (order) frequency grew to 4.9 in Q1 2022 from 4.1 in Q1 2021. Our strong order growth was instrumental in generating the GMV growth in Q1 2022. Such performance was attributable to our hybrid 1P-3P business model, strong customer value proposition including our affordability solutions, wide selection, continued product and user experience adjustments and use of data driven smart marketing tools.
In our business model, the change in average order value and the inflation trend are not fully correlated. As at the end of Q1 2022, the annual inflation as published by the TurkStat reached 61.1%, whereas our average order value rose by 13.1% in Q1 2022 compared to Q1 2021. We believe that the shift in consumer purchases towards more affordable alternatives (i.e., towards lower-priced brands, regardless of whether sales are of essentials or non-essentials); the decline in the unit sales of certain consumer electronics such as TVs, laptops, and robot vacuum cleaners; and the likelihood of having inventory purchased at lower prices (across 1P-3P) as well as competitive dynamics in the market have impacted the increase in our average order value in the first quarter of 2022.
Marketplace
In the first quarter, share of Marketplace GMV became at 65.4%, 4.2 points lower compared to the first quarter of 2021, keeping the level from the previous quarter (Q4 2021 at 65.4%). Our active merchant base increased to 82.9 thousand in Q1 2022 from 53.5 thousand in Q1 2021 a year ago, strengthening our product offering, particularly in categories such as supermarket and fashion. Our comprehensive merchant value proposition and our progress in enhancing merchant experience contributed to this strong increase in our active merchant base on our platform. Number of SKUs reached 110.7 million as at March 31, 2022 compared to 52.6 million as at March 31, 2021 with continued expansion in non-electronics and long tail products. As of March 31, 2022, the number of active SKUs through our cross-border operations on our platform has reached 2.7 million with over 1,400 participating merchants.
Our comprehensive suite of value-added services for our merchants has continued their penetration within our base. HepsiJet delivered around 53% of total Marketplace parcels in the first quarter, compared to 28% a year ago. This was possible through a distribution network of 7 fulfillment centers, 172 cross-docks and 16 transfer hubs on almost 200 thousand square meters and with of approximately 2,000 carriers. Total companies that HepsiLojistik provides fulfillment services reached 330, with the addition of 139 during the quarter. We believe having our own fulfillment services contributes to a greater customer experience while providing benefits for merchants on our marketplace. Meanwhile, over 9 thousand merchants used HepsiAd's adtech solutions in Q1 2022, up from 6 thousand in the first quarter of 2021.
With our cross-border operations at HepsiGlobal, we aim to enable our merchants in Turkey to make cross-border sales. Using our platform, merchants from various countries (including Turkey) will be able to export their products through our convenience model. As a first step, following the pilot phase, we began our cross-border operations to Azerbaijan market in the first quarter of 2022 which we aim to gradually scale.
Customer Experience
Based on the results of the market research conducted by FutureBright (a local research company) for Hepsiburada, we continued our Net Promoter Score ("NPS") leadership in the Turkish e-commerce market with an NPS of 72 in Q1 2022. Our services, which provide "peace of mind" experience to our customers during their shopping journey, were instrumental in customer appreciation and trust.
Among those services, we provide frictionless return, next-day delivery, and convenient two-men handling cargo service, all enabled by our well-established logistics and technology infrastructure. HepsiJet delivered 82% of the orders from retail (1P) on the next day in the first quarter, continuing the performance of the previous quarter. Having reached a coverage of all 81 cities in Turkey, HepsiJet XL, our two-man cargo handling service, has continued to provide a high quality and reliable service for the delivery of oversized products, evidenced by approximately 99% customer satisfaction score in the first quarter of 2021 according to our internal reporting.
Hepsipay
Hepsiburada offers its customers innovative payment solutions and services such as one-click check-out, multi-credit card payment, payment in installments, instant customer loans, store credit such as buy-now-pay-later and charge to billing ability with a telco partner.
Hepsiburada's wallet solution, Hepsipay Wallet has continued its rapid penetration within the platform, marking 7.1 million Hepsipay Wallet customers (represents those users who have opened their wallet account by giving required consent to Hepsipay) as at the end of Q1 2022. In the first quarter of 2022, around 40% of total GMV passed through Hepsipay Wallet, compared to 37% in the fourth quarter of 2021.
In February 2022, we launched a new store credit solution called "Buy Now Pay Later"("BNPL"), marking a first in the Turkish e-commerce. Our customers enjoy the opportunity to pay in up to six monthly installments for their purchases at our Hepsiburada store (1P). BNPL limits are defined based on the financial history of consumers based on their record at the Credit Bureau of Turkey and shopping track record at Hepsiburada. The early demand for this new store credit solution has been encouraging. While we plan to scale our offering cautiously and roll-out new features gradually in the remainder of 2022, we remain focused on monitoring the credit risk behavior including early delinquency and default rates.
HepsiExpress
HepsiExpress, our on-demand delivery service for grocery, water and flower verticals, remains focused on enhancing the end-to end customer experience and excelling in the customer journey by maintaining our perfect order ratio performance (measured as the number of orders delivered on time, in full and with no return request to the total number of orders of HepsiExpress) which was around 74% in the first quarter of 2022. Starting in early 2022, HepsiExpress has been in the process of optimizing its service models in groceries where its partners execute most of the picking and delivery operations. This has resulted in minimal dependency on our own delivery resources, helping us reach a more cost-effective service model, evolving from delivering through our own resources into acting mainly as an intermediary. We will continue to seek to better fulfill our value proposition of verticals and constantly explore different service models with the target of achieving more sustainable business model in the long term.
ESG Actions (post Q1 2022)
Hepsiburada became a member of the United Nations Global Compact ("UNGC") in January 2022. By aligning to the Global Compact, we aim to improve our corporate sustainability efforts on a global scale. By becoming a signatory, we have committed to adopting and aligning the Company's strategy and operations to UNGC principles which outline the basic responsibilities of the global business community.
As part of our efforts in relation to key UN Sustainable Development Goals related to our impact areas, namely Quality Education, Gender Equality, Reduced Inequalities and Partnership for Goals, we continued corporate social responsibility programs in cooperation with Turkey's leading NGOs focusing on children and youth, women, and animal welfare. Within this context, in addition to our "Technology Empowerment for Women Entrepreneurs'' program, we launched a new initiative addressing the basic needs of children with toys, books or stationery etc. with participating merchants and employees.
On the governance front, on May 20, 2022, we announced the appointment of two new independent board members to our Board of Directors, replacing two non-independent board members through a Form 6-K furnished with the SEC. Neither resignations were the result of any disagreement with Hepsiburada. These appointments will be submitted to the approval of Hepsiburada's shareholders at our upcoming Annual General Assembly, scheduled on June 24, 2022, as required by the Turkish Commercial Code. We trust that strengthening our board composition with four independent members out of nine is a major achievement in our efforts for good governance.
Hepsiburada Financial Review
Further to the completion of Doruk Finansman A.Ş. acquisition ("Doruk Finansman") by Hepsi Finansal Danışmanlık A.Ş. on February 28, 2022, we accounted for this acquisition by using the purchase method in the scope of IFRS 3 "Business combinations". The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the Group, liabilities incurred by the Group to the former owners of the acquire and the equity interests issued by the Group in exchange for control of the acquire. Since the initial accounting of this acquisition within the scope of IFRS 3 standard has not been completed as of the date of preparation of consolidated financial statements, it has been accounted for with provisional amounts in the consolidated financial statement as of 31 March 2022. The initial accounting of the business combination and the necessary adjustments will be completed within 1 year from the date of merger.
In the consolidated financial statements for the three months ended March 31, 2022, Doruk Finansman's contribution to our revenue from 28 February 2022, which is closest financial statement date to the date of acquisition, to 31 March 2022, was TRY 0.4 million and was booked under "other" line in revenue.
Revenue
Revenue increased by 82.4% to TRY 2,527.9 million in Q1 2022 compared to the first quarter of last year. This was mainly driven by a 92.3% growth in 1P operations, comprising 80.4% of revenue, 45.2% growth in our Marketplace revenue and 43.7% increase in our delivery service revenue.
While 1P GMV grew by 109.9% compared to the same period in 2021, our 1P revenue growth was 92.3%. As part of our focus on primarily serving end-users, we continued to cancel certain B2B orders (due to these orders' high quantity item per basket not serving our end-user strategy) which in turn impacted the conversion of 1P GMV to revenue.
In Q1 2022, while the Marketplace GMV grew by 73.3% our 3P revenue growth was 45.2%. This was mainly as a result of higher campaign costs and customer discounts for both the core business and for strategic assets (i.e. HepsiExpress and Hepsipay), which are deducted from the revenues, compared to the Q1 of 2021 under increased competition.
The 43.7% increase in delivery service revenue compared to the first quarter of last year was primarily attributable to higher delivery service revenue generated from services provided to third-parties by HepsiJet. The growth of delivery service revenue generated through Hepsiburada platform was slower than the order growth due to i) acceleration of HepsiJet's penetration through attractive pricing to our merchant base and ii) shift in the GMV mix towards 1P, where we generate lower delivery service revenue. The increase in other revenue is mainly driven by the increase in HepsiAd (our advertising platform) and HepsiLojistik (our fulfillment services provider) revenue streams.
Gross Contribution
Our gross contribution in Q1 2022 compared to the same period of last year increased 63.7% to TRY 688.3 million whereas our gross contribution margin (as a % of GMV) declined 1.0pp to 8.3% compared to the Q1 2021. This decline in gross contribution margin in Q1 2022 was mainly due to higher customer discounts compared to Q1 2021.
Compared to Q4 2021, our gross contribution margin improved by 1.2pp in Q1 2022. This performance was mainly as a result of our focus on the path to profitability. In addition, we continued to benefit from our 1P operations as product availability and pricing flexibility in a rising inflationary environment. For our Q4 2021 results, refer to our Form 6-K furnished with the Securities and Exchange Commission (the "SEC") on March 24, 2022 and our Form 20-F filed with the SEC on May 2, 2022, both available on SEC's website at www.sec.gov.
Our Marketplace gross contribution reflects our Marketplace commission net-off customer discounts. Marketplace commission rate charged to merchants remained in the high single digits on average during the first quarter.
Operating Expenses:
The table below shows our operating expenses for the three months ended March 31, 2022 and 2021 in absolute terms and as a percentage of GMV:
Our net operating expenses increased by 90.8% to TRY 2,893.1 million in Q1 2022 compared to the first quarter of last year. As a percentage of GMV, our net operating expenses rose 1.2 percentage points (pp) mainly due to 1.8 pp increase in advertising expenses as a percentage of GMV, 0.7 pp rise in cost of inventory sold as a percentage of GMV offset by 1.7 pp decrease in payroll and outsourced staff expenses.
The increase in advertising expenses was mainly due to continued investment in our growth drivers and brand. In 2022, with our continued focus on expanding non-electronic and long-tail products, we used both influencer marketing and new digital channels more actively. In addition, higher unit cost of advertising compared to the same period of last year also impacted the rise in advertising expenses in the first quarter.
The increase in cost of inventory sold was mainly due to 4.2 percentage points shift in GMV to 1P compared to a year ago.
The rise in payroll and outsource staff expenses due to the increase in the number of full-time and outsourced employees with talent onboarding for core operations and for our strategic assets, along with the impact of annual salary rise and the increase in annual bonus accrual have been offset by the decrease in share based payment expenses (related to shared based payments under the incentive plan adopted prior to our initial public offering, discussed in further detail below). Accordingly, the share based payment expenses in Q1 2022 (covering the provision for equity settled part only as no share-based payment provision has been recognized for the performance target-based payments since the relevant criteria have not yet been set) was TRY 28.5 million compared to TRY 123.7 million in Q1 2021 (covering the provision for cash settled part). Excluding the effect of share based payment expenses, the payroll and outsource staff expenses as a % of GMV would have been 3.0 pp and 2.3 pp in Q1 2022 and Q1 2021, respectively.
The rise in net operating expenses was also driven by the 85.3% increase in shipping and packaging expenses, on the back of 63.2% increase in number of orders and around 38% rise in unit prices applied by our delivery partners. As the share of our own last-mile delivery service (Hepsijet) in total delivery volume increased, the growth of shipping and packaging expenses was slower than the increase in number of orders and unit prices.
Financial Income
Our financial income increased by TRY 380.1 million to TRY 433.1 million compared to the first quarter of last year. This was mainly driven by a TRY 351.9 million increase in foreign currency exchange gains from our U.S. dollar denominated bank deposits and financial investments due to the 88.9% appreciation of the U.S. dollar against the Turkish Lira as compared to Q1 2021.
Financial Expenses
Our financial expenses increased by TRY 148.1 million to TRY 307.6 million compared to the first quarter of last year, primarily attributable to a TRY 84.1 million increase in foreign currency exchange losses from our U.S dollar denominated trade payables due to the 88.9% appreciation of the U.S. dollar against the Turkish Lira as compared to Q1 2021. The increase in our financial expenses was also due to a TRY 49.4 million increase in commission expenses related to early collection of credit card receivables due to the rise in annual effective interest rates as well as the increase in our GMV which are partially offset by our decision to increase the minimum threshold for installment level leading to higher volume of sales with no installments.
Net Loss for the Period
Net loss in Q1 2022 was TRY 239.7 million compared to net loss in Q1 2021 of TRY 237.3 million. The TRY 2.4 million increase was a result of the factors mentioned above, which also includes TRY 267.8 million net foreign exchange gains from our U.S. dollar denominated bank deposits and financial investments against fx-denominated trade payables.
EBITDA
EBITDA was negative TRY 302.9 million, compared to negative TRY 103.7 million in Q1 2021. This corresponds to a 1.3pp decline in EBITDA as a percentage of GMV in Q1 2022 compared to the same period last year. This decline was driven by 1.0pp decline in gross contribution margin, 1.8pp rise in advertising expenses as a percentage of GMV and 0.2pp increase in other operating expenses as a percentage of GMV offset by 1.7pp decline in payroll and outsource staff expenses items as a percentage of GMV.
Compared to Q4 2021, our EBITDA margin improved by 4.4 pp in Q1 2022. This improvement was driven by 1.2pp improvement in gross contribution margin, 3.1pp decline in advertising expenses as a percentage of GMV, 0.9pp improvement in other operating expense items as a percentage of GMV offset by 0.6pp rise in payroll and outsource staff expenses and 0.2pp rise in shipping and technology expenses as a percentage of GMV. The decline in customer discounts and advertising expenses from Q4 2021 to Q1 2021 is also partially due to the seasonality with the fourth quarter is being a high shopping season.
Capital Expenditures
Capex was TRY 119.4 million in Q1 2022 compared to TRY 36.3 million in the same period in 2021. Over 60% of total capex consists of the costs of employees who are employed for the development of website and mobile platforms for both core and strategic assets and whose costs are capitalized as per IFRS. Remaining capex mainly consisted of purchase of property and equipment and software and rights.
Net Working Capital
Net working capital decreased to negative TRY 1,576.6 million as of March 31, 2022 from negative TRY 2,584.6 million as of December 31, 2021. TRY 1,008.0 million decrease in negative net working capital was mainly driven by TRY 544.4 million decrease in trade payables and payables to merchants, TRY 298.7 million increase in inventories and TRY 116.8 million increase in trade receivables. The decrease in trade payables and payables to merchants was mainly due to higher volume of inventory procurements and increased service payables such as advertising, shipping and other operational expenses in Q4 2021 and which are paid in Q1 2022. We continued our inventory purchases in Q1 2022 for 1P operations with relatively shorter payment terms to ensure product availability and pricing flexibility in a rising inflationary environment. The increase in trade receivables is mainly due to increase in credit card receivables balance as a result of higher GMV generated during March 2022 compared to December 2021.
Cash Flow From Operating Activities
Our net cash used in operating activities for Q1 2022 comprises of TRY 239.7 million net loss (Q1 2021: net loss of TRY 237.3 million), negative TRY 1,071.4 million change in net working capital (Q1 2021: negative TRY 158.4 million) and TRY 68.5 million change in other (comprising of non-cash items such as provisions and depreciation expenses) (Q1 2021: TRY 273.3 million). Net cash provided by operating activities decreased by TRY 1,120.0 million, reaching negative TRY 1,242.5 million in Q1 2022 as compared to Q1 2021.
The decrease in our net cash provided by operating activities is mainly a result of TRY 335.3 million increase in change in inventories, TRY 284.3 million increase in trade payables and payables to merchants, TRY 143.8 million increase in other assets and TRY 120.8 million increase in change in trade receivables. Furthermore, the increase in net cash used in operating activities was also supported by a negative TRY 198.7 million increase in net foreign exchange differences for the period.
Free Cash Flow
Our free cash flow was negative TRY 1,361.9 million in Q1 2022 from negative TRY 158.8 million in Q1 2021. TRY 1,203.1 million decrease in free cash flow was mainly driven by the decrease in cash flow used in operating activities and rise in our capex, as further detailed above.
Total Cash and Financial Investments
Total cash and cash equivalents as of March 31, 2022 decreased to TRY 2,328.5 million from TRY 3,813.5 million as of December 31, 2021. The decrease is mainly due to inventory payments for both the purchases in December and during the quarter. Around 99% of our cash is in U.S. dollar (equivalent to USD 151.0 million) as of March 31, 2022 (December 31, 2021: USD 281.3 million).
Total financial investments as of March 31, 2022 amounts to TRY 1,290.1 million. Our financial investments consist of a financial asset measured at fair value and consists of U.S. dollar and Turkish Lira based mutual funds that have mainly invested in sovereign and public sector debt instruments and foreign currency linked Turkish Lira time deposits.
Bank Borrowings
Our short-term bank borrowings are utilized to facilitate supplier and merchant financing facilities as well as for our short-term liquidity if and when required in the ordinary course of our operations. As a result of the increase in our cash and cash equivalents following the IPO proceeds, our short-term borrowings decreased to TRY 176.4 million as of March 31, 2022, from TRY 193.2 million as of December 31, 2021. As of March 31, 2022, supplier and merchant financing loans corresponded to TRY 103.2 million of the short-term bank borrowings compared to TRY 92.2 million as of December 31, 2021.
In March 2022, we utilized a TRY 8.3 million long-term loan from a Turkish bank for our delivery operations (HepsiJet). The respective loan has a maturity of two years with monthly equal repayments at a total cost of funding at 23.28%.
All of our bank borrowings are denominated in Turkish Lira. As of March 31, 2022, the average annual effective interest rate for bank borrowings was 20.0% compared to 23.2% as of December 31, 2021.
Additional Information
Upcoming Adjustment to the Financial Statements to Implement IAS 29 Standard
The International Practices Task Force of the Centre for Audit Quality ("IPTF"), which monitors countries experiencing high inflation, categorized Turkey as a country with projected 36 months' cumulative inflation rate greater than 100%. Therefore, Turkish companies reporting under IFRS, including us, will be required to apply International Accounting Standard 29 "Financial Reporting in Hyperinflationary Economies" to their financial statements for periods ending on and after June 30, 2022. Our financial statements and non-IFRS measures will be impacted as a result of the application of this standard. However, as of the date of this press release, we cannot predict the extent and magnitude of the impact that the application of IAS 29 and related adjustments will have on our financial statements, non-IFRS measures and consequently, our margins.
Conference Call Details
The Company's management will host an analyst and investor conference call and live webcast to discuss its unaudited financial results today, Wednesday, June 1, 2022 at 16.00 Istanbul time / 14.00 London / 9.00 a.m. New York time.
The live webcast can be accessed via https://87399.themediaframe.eu/links/hepsiburada220601.html.
Telephone Participation Dial in Details:
- Turkey: + 90 212 900 3719
- UK & International: + 44 (0) 203 059 5872
- USA: + 1 516 447 5632
Participants may choose any of the above numbers to participate should they wish to ask questions.
The Company's results presentation will be available at the Hepsiburada Investor Relations website https://investors.hepsiburada.com on June 1, 2022.
Replay
Following the call, a replay will be available on the Hepsiburada Investor Relations website https://investors.hepsiburada.com
D-MARKET Electronic Services & Trading
CONSOLIDATED BALANCE SHEETS
(Unaudited, Expressed in Thousands of Turkish Liras)
D-MARKET Electronic Services & Trading
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
(Unaudited, Expressed in Thousands of Turkish Liras)
D-MARKET Electronic Services & Trading
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited, Expressed in Thousands of Turkish Liras)
Presentation of Financial and Other Information
Use of Non-IFRS Financial Measures
Certain parts of this press release contain non-IFRS financial measures which are unaudited supplementary measures and are not required by, or presented in accordance with, IFRS or any other generally accepted accounting principles. Such measures are EBITDA, Free Cash Flow and Net Working Capital. We define:
- EBITDA as profit or loss for the period plus taxation on income less financial income plus financial expenses, plus depreciation and amortization;
- Free Cash Flow as net cash provided by operating activities less capital expenditures plus proceeds from sale of property and equipment and
- Net Working Capital as current assets (excluding cash, cash equivalents and financial investments) minus current liabilities (excluding current bank borrowings and current lease liabilities).
You should not consider them as: (a) an alternative to operating profit or net profit as determined in accordance with IFRS or other generally accepted accounting principles, or as measures of operating performance; (b) an alternative to cash flows from operating, investing or financing activities, as determined in accordance with IFRS or other generally accepted accounting principles, or as a measure of our ability to meet liquidity needs; or (c) an alternative to any other measures of performance under IFRS or other generally accepted accounting principles.
These measures are used by our management to monitor the underlying performance of the business and our operations. However, not all companies calculate these measures in an identical manner and, therefore, our presentation may not be comparable with similar measures used by other companies. As a result, prospective investors should not place undue reliance on this data.
This section includes for a reconciliation of certain of these non-IFRS measures to the closest IFRS measure set forth in the consolidated financial statements.
EBITDA is a supplemental non-IFRS financial measure that is not required by, or presented in accordance with, IFRS. We have included EBITDA in this press release because it is a key measure used by our management and board of directors to evaluate our operating performance, generate future operating plans and make strategic decisions regarding the allocation of capital. In particular, the exclusion of certain expenses in calculating EBITDA facilitates operating performance comparability across reporting periods by removing the effect of non-cash expenses and non-operating expense/(income). Accordingly, we believe that EBITDA provides useful information to investors in understanding and evaluating our operating results in the same manner as our management and board of directors.
Management uses EBITDA:
- as a measurement of operating performance because it assists us in comparing our operating performance on a consistent basis, as it removes the impact of non-cash and non-operating items;
- for planning purposes, including the preparation of our internal annual operating budget and financial projections; and
- to evaluate the performance and effectiveness of our strategic initiatives.
EBITDA has limitations as a financial measure, including that other companies may calculate EBITDA differently, which reduces its usefulness as a comparative measure and you should not consider it in isolation or as a substitute for profit/(loss) for the period as a profit measure or other analysis of our results as reported under IFRS.
The following table shows the reconciliation of EBITDA to net loss for the period for the periods presented.
Free Cash Flow is a supplemental non-IFRS financial measure that is not required by, or presented in accordance with, IFRS. We have included Free Cash Flow in this press release because it is an important indicator of our liquidity as it measures the amount of cash we generate/(use) and provides additional perspective on whether we have sufficient cash after funding our operations and capital expenditures. Accordingly, we believe that Free Cash Flow provides useful information to investors in understanding and evaluating our operating results in the same manner as our management and board of directors.
Free Cash Flow has limitations as a financial measure, and you should not consider it in isolation or as substitutes for net cash used in operating activities as a measure of our liquidity or other analysis of our results as reported under IFRS. There are limitations to using non-IFRS financial measures, including that other companies may calculate Free Cash Flow differently. Because of these limitations, you should consider Free Cash Flow alongside other financial performance measures, including net cash used in operating activities, capital expenditures and our other IFRS results.
The following table shows the reconciliation of Free Cash Flow to net cash used in operating activities for the periods presented.
Net Working Capital is a supplemental non-IFRS financial measure that is not required by, or presented in accordance with, IFRS. Starting from Q4 2021, we have revised the definition of Net Working Capital to include the "financial investments" balance on our balance sheet as at December 31, 2021. As we believe financial investments are cash-like item by nature, we deducted from current assets along with cash and cash equivalents.
We have included Net Working Capital in this press release because it is used to measure the short-term liquidity of a business, and can also be used to obtain a general impression of the ability of company management to utilize assets in an efficient manner. Net Working Capital is critical since it is used to keep our business operating smoothly and meet all our financial obligations in the short-term. Accordingly, we believe that Net Working Capital provides useful information to investors in understanding and evaluating how we manage our short-term liabilities.
The following table shows the reconciliation of Net Working Capital to current assets and current liabilities as of the dates indicated:
Certain Definitions
We provide a number of key operating performance indicators used by our management and often used by competitors in our industry. We define certain terms used in this press release as follows:
- GMV as gross merchandise value which refers to the total value of orders/products sold through our platform over a given period of time (including value added tax ("VAT") without deducting returns and cancellations), including cargo income (shipping fees related to the products sold through our platform) and excluding other service revenues and transaction fees charged to our merchants;
- Marketplace GMV as total value of orders/products sold through our Marketplace over a given period of time (including VAT without deducting returns and cancellations), including cargo income (shipping fees related to the products sold through our platform) and excluding other service revenues and transaction fees charged to our merchants;
- Share of Marketplace GMV as the portion of GMV sold through our Marketplace represented as a percentage of our total GMV;
- Gross Contribution as revenues less cost of inventory sold. Gross Contribution is an indicator of our operational profitability as it reflects direct costs of products sold to our buyers;
- Gross Contribution margin as Gross Contribution represented as a percentage of GMV;
- Number of orders as the number of orders we received through our platform including returns and cancellations;
- Frequency as the average number of orders per Active Customer over a 12-month period preceding the relevant date;
- Active Merchant as merchants who sold at least one item within the 12-month period preceding the relevant date, including returns and cancellations;
- Active Customer are users (both unregistered users and members) who purchased an item within the 12-month period preceding the relevant date, including returns and cancellations;
DISCLAIMER: Due to rounding, numbers presented throughout this presentation may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.
About Hepsiburada
Hepsiburada is a leading e-commerce technology platform in Turkey, combining a globally proven e-commerce business model with a one-stop 'Super App' to cater to our customers' everyday needs and to help make people's daily lives better. Customers can access a broad range of products and services including same-day delivery of groceries and essentials, products from international merchants, airline tickets and payment services through our embedded digital wallet, Hepsipay. As at the end of March 2022, we had seamlessly connected 44.2 million members and 85 thousand Active Merchants.
Founded in Istanbul in 2000, Hepsiburada was built to lead the digitalization of commerce in Turkey. As a female-founded organization, we are committed to meaningful action to empower women. Through our 'Technology Empowerment for Women Entrepreneurs' programme, we have reached over 32 thousand female entrepreneurs across Turkey to date.
Forward Looking Statements
This press release, the conference call webcast, presentation and related communications include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995, and encompasses all statements, other than statements of historical fact contained in these communications, including but not limited to statements regarding (a) Company's future results of operations and financial position; (b) our expectations regarding current and future GMV; (c) potential disruptions to our operations and supply chain that may result from (i) epidemics or natural disasters, including the duration, scope and impact on our operations in general and the pace of recovery from the COVID-19 pandemic (ii) global supply challenges, port shutdowns and energy crisis in China; (iii) the ongoing conflict in Ukraine; (iv) changes in the competitive landscape in the industry in which the Company operates (v) rising inflationary environment and/or (vi) currency devaluation; (d) anticipated launch of new initiatives, businesses or any other strategic projects; (e) our expectations and plans for short- and long-term strategy, including our anticipated areas of focus and investment, market expansion, product and technology focus, and projected growth and profitability; (f) our ability to respond to the ever-changing competitive landscape in the industry in which we operate; (g) our liquidity, substantial indebtedness, and ability to obtain additional financing; (h) our strategic goals and plans, including our relationships with existing customers, suppliers and partners, and our ability to achieve and maintain them; (i) outcomes resulting from the pending litigation; (j) expectations regarding our future performance based on our ability to attract more customers to our platform in a cost effective manner, to increase frequency of our customers on our platform, to add more merchants to our platform, to expanding our selection of products and services, to scale our new strategic assets and leverage logistics and technology as business enablers; (k) potential regulatory changes in the e-commerce law and (l) implementation of IAS29 standard. These forward-looking statements can be identified by terminology such as "may", "could", "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "targets", "likely to" and similar statements. Among other things, quotations from management in this announcement, as well as our outlook and guidance, strategic and operational plans, contain forward-looking statements.
These forward-looking statements are based on management's current expectations. However, it is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. These statements are neither promises nor guarantees but involve known and unknown risks, uncertainties and other important factors and circumstances that may cause Hepsiburada's actual results, performance or achievements to be materially different from its expectations expressed or implied by the forward-looking statements, including conditions in the U.S. capital markets, negative global economic conditions, potential negative developments in the COVID-19 pandemic, other negative developments in Hepsiburada's business or unfavorable legislative or regulatory developments. We caution you therefore against relying on these forward-looking statements, and we qualify all of our forward-looking statements by these cautionary statements. For a discussion of additional factors that may affect the outcome of such forward looking statements, see our 2021 annual report filed with the U.S. Securities and Exchange Commission ("SEC") on Form 20-F (File No.001-40553), and in particular the "Risk Factors" section, as well as the other documents filed with or furnished to the SEC by the Company from time to time. Copies of these filings are available online from the SEC at www.sec.gov, or on the SEC Filings section of our Investor Relations website at https://investors.hepsiburada.com. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management's estimates as of the date of this press release. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this press release. All forward-looking statements in this press release are based on information currently available to the Company, and the Company and its authorized representatives assume no obligation to update these forward-looking statements in light of new information or future events. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Non-IFRS Financial Measures
This press release includes certain non-IFRS financial measures, including but not limited to, EBITDA, Free Cash Flow and Net Working Capital. These financial measures are not measures of financial performance in accordance with IFRS and may exclude items that are significant in understanding and assessing our financial results. Therefore, these measures should not be considered in isolation or as an alternative to profit/loss for the period or other measures of profitability, liquidity or performance under IFRS. You should be aware that the Company's presentation of these measures may not be comparable to similarly titled measures used by other companies, which may be defined and calculated differently. See "Presentation of Financial and Other Information" in this press release for a reconciliation of certain of these non-IFRS measures to the most directly comparable IFRS measure.
Statement Regarding Unaudited Financial Information
This press release includes quarterly financial information for the three months ended March 31, 2022, March 31, 2021 and December 31, 2021. The quarterly information has not been audited or reviewed by the Company's auditors. The unaudited consolidated financial statements include the accounts of the Company and its subsidiaries. All periods presented have been accounted for in conformity with International Financial Reporting Standards ("IFRS") and pursuant to the regulations of the SEC.
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SOURCE Hepsiburada | https://www.kxii.com/prnewswire/2022/06/01/hepsiburada-announces-first-quarter-2022-financial-results/ | 2022-06-01T10:22:46Z |
STOCKHOLM, Aug. 24, 2022 /PRNewswire/ -- Following the acquisition of STANLEY Security, that was completed and consolidated into Securitas as of July 22, 2022, the Group has defined new financial targets of 8-10 percent technology & solutions annual average real sales growth, 8 percent Group operating margin by year-end 2025 and a net debt to EBITDA ratio below 3.0x. Securitas will present the strategy and roadmap for the new targets, as well as a trading update for STANLEY Security, at an investor update today at 2.00 p.m. CEST.
Bringing together Securitas and STANLEY Security is an industry-defining event. We will have an outstanding position to serve complex security needs for our clients and by joining forces we are creating a strong global tech platform that will future proof the business for next-generation security solutions. We are now embarking on a truly exciting journey as one company, together geared for high value growth in the coming years.
The new financial targets are aligned with the strategy to be a security solutions partner with world-leading technology and expertise, strongly positioned to deliver superior growth and increased margins:
- 8-10 percent technology & solutions annual average real sales growth
- 8 percent Group operating margin by year-end 2025, with a >10 percent long-term operating margin ambition
- A net debt to EBITDA ratio below 3.0x
The new margin target replaces the previous target of an average increase in earnings per share of 10 percent and the margin targets in the respective business segments related to the business transformation programs in the Group.
The existing operating cash flow target of 70-80 percent of operating income before amortization remains the same, and the new capital structure target of a net debt to EBITDA ratio of below 3.0x replaces the previous net debt to EBITDA ratio of on average 2.5x, and is estimated to be achieved in 2024.
The dividend policy is unchanged, remaining in a range of 50-60 percent of annual net income over time.
The strategic transformation ambition – to double the security solutions and electronic security sales by 2023, compared to 2018, is discontinued as the ambition was fulfilled by the acquisition of STANLEY Security.
The integration of STANLEY Security is proceeding well and according to plan. In 2021, STANLEY Security had an installation backlog growth of 33 percent. Adjusted sales were approximately MUSD 1 650 with organic sales growth of 7 percent during the year, and the adjusted EBITDA margin was 11 percent.
For the first six months of 2022, STANLEY Security had a record installation backlog, with growth of 18 percent compared to the same period last year. Adjusted sales were approximately MUSD 805 with organic sales growth of 3 percent. The adjusted EBITDA margin4 was 9 percent, temporarily impacted by the corona pandemic, supply chain issues, inflationary cost increases and obsolete pricing processes. The profitability improved in the second quarter 2022 compared to the first quarter 2022 with continued positive trend. Pricing, efficiency and cost actions have been implemented, and together with solid commercial momentum and accelerated value creation execution, profitability will improve going forward.
Welcome to our investor update, today August 24 at 2.00 p.m. to approximately 4.00 p.m. (CEST). Please see details below:
1.00 p.m. Presentation slides available
2.00 p.m. Presentation followed by a Q&A session
To follow the live web cast of the investor update and the telephone conference via the web, please follow the link www.securitas.com/webcasts
Questions for the management can be placed by phone or through the webcast question form. To ask questions by phone, access to the teleconference register by clicking on the link To the teleconference
After the registration to the teleconference, you will be provided phone numbers and a conference ID to access the conference. If you wish to ask a question, please dial *5 on your telephone keypad to enter the queue.
If you register in beforehand, please note the telephone number and conference ID. Otherwise you need to register again.
A recorded version of the web cast will be available on the same web page after the telephone conference. We value your privacy and want to be transparent with you on the way that we collect and use your personal data when you participate in the telephone conference. Please follow this link to read our privacy policy for telephone conferences/web casts in relation to publication of interim reports and investor presentations: www.securitas.com/privacy-policy-audiocasts.
Further information:
Micaela Sjökvist, Vice President, Investor Relations; +46 76 116 7443, micaela.sjokvist@securitas.com
Media: Helena Andreas, SVP, Communications & People; +46 (0)10 470 30 20; press@securitas.com
This is information that Securitas 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 person set out above, at 1.00 p.m. (CEST) on August 24, 2022.
This information was brought to you by Cision http://news.cision.com
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SOURCE Securitas | https://www.wibw.com/prnewswire/2022/08/24/securitas-announces-new-financial-targets-stanley-security-update/ | 2022-08-24T12:44:24Z |
81-year-old woman beaten to death by relative at assisted living facility, police say
WICHITA, Kan. (KWCH/Gray News) – An 81-year-old woman was beaten to death by a relative at an assisted living home in Kansas on Sunday, police said.
Andover Police Chief Buck Buchanan said the suspect, who is related to the victim, is now in custody again. He was released from jail the day of the beating.
Buchanan said officers received a call for a welfare check of the woman. When first responders arrived, they found that she was badly beaten.
The woman was taken to the hospital, but she died from her injuries.
Police said the 23-year-old suspect had just been released from jail Sunday morning.
Officers found him and pulled him over on the roadway, but he attempted to run. He was taken into custody a short time later.
Buchanan said the man appeared to be under the influence of narcotics and was given Narcan. He was then taken to the hospital to be evaluated and then transferred to the Butler County Jail.
The investigation is ongoing.
Copyright 2022 KWCH via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/08/29/81-year-old-woman-beaten-death-by-relative-assisted-living-facility-police-say/ | 2022-08-29T15:57:55Z |
Topeka leader honored with national award for skill in utility industry
TOPEKA, Kan. (WIBW) - A City of Topeka leader has been honored with a national award for her skill in the utility industry.
The City of Topeka says Sylvia Davis, Deputy Director of its Utilities Department, was recently honored with a national leadership award.
The City noted that the honor, known as the “Women Who Spark Award,” is awarded by the Utility 2030 Collaborative. It said the awards program is meant to close the gender gap in energy and utility innovation through the recognition of women for their innovation, leadership and mentorship.
“Sylvia is a changemaker and leader here at the City of Topeka, and we couldn’t be more proud of her to receive this very impressive award,” said Interim City Manager Bill Cochran.
The City indicated that Davis is one of only seven women in the nation to be honored with the award. The list of winners includes:
- Jody Allison, Algonquin Power & Utilities/Liberty - Rochester, N.Y.
- Maureen Bolen, Utegration - Encinitas, Cali.
- Sylvia Davis, City of Topeka - Topeka, Kan.
- Terri-Lynn Duque, ENMAX - Calgary, Alberta, Canada
- Becky Ivester, SEMO Electric & GoSEMO Fiber - New Madrid County, Mo.
- Jessica Mammel, Consumers Energy - Midland, Mich.
- Jessica Sutorus, City of Colton - Colton, Cali.
For more information about U2030 and the WWS Awards Program, click HERE.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/09/07/topeka-leader-honored-with-national-award-skill-utility-industry/ | 2022-09-07T18:49:57Z |
PLANO, Texas (KDAF) — Who is the cutest dog in Plano? You get to decide! (For the record: we think every dog is beautiful).
Live Green in Plano is hosting its “Doo” the Right Thing Photo Contest this month. Submit your photo of your adorable pup from now until June 24, and your dog will be entered. By the end of the submissions, there will be a public vote to see which of the submissions are the cutest.
You can only submit one photo per household. Officials say they want to use this contest to spread awareness about pest waste abatement.
“It’s cuteness for a cause: pet waste abatement. Always pick up and trash pet waste to protect public spaces and water resources,” officials said in a Facebook post.
To learn more, visit Live Green in Plano’s Facebook page. | https://cw33.com/news/local/city-of-plano-hosting-photo-contest-to-see-who-is-the-cutest-dog-in-plano/ | 2022-06-07T21:45:51Z |
Man arrested after woman, 75, found taped up in closet, police say
BIRMINGHAM, Ala. (WBRC/Gray News) – Troopers with Kentucky State Police arrested a man accused of kidnapping a 75-year-old woman and leaving her tied up in a closet.
Calhoun County Sheriff Matthew Wade told WBRC that Tony White, 47, was caught in Richmond, Kentucky, around 7:45 p.m. Tuesday, one day after the woman was rescued.
Betty Cobb, 75, was found taped up in a closet around 7:15 p.m. on Monday. Wade said Cobb was located within six hours of her being reported missing.
Authorities said they believe White followed Cobb home from the grocery store and kidnapped her. They say she was stuffed inside a car trunk and attacked with a knife before being tied up.
Investigators said they used security footage from stores she had visited to determine a suspect vehicle, which led authorities to investigate several residences connected to the suspect.
According to Wade, Cobb was a well-known volunteer firefighter and drove an ambulance in the community. He said she is kind and has a big heart.
“She would take the shirt off her back and hand it to you,” Assistant Fire Chief Jason Austin said. “That is just the type of lady she is.”
Austin said Cobb was a fighter and believes that’s what kept her alive.
“Whatever he did or however he did what he did to her, it wasn’t easy. She fought. Without a doubt, she’ll fight till the end, and that is why she is still here today. She didn’t give in. She fought till the end,” Austin said.
Wade said they believe White randomly targeted Cobb because she is elderly.
They believe he targets this age group specifically and may even be linked to two other kidnapping cases from 2012 and 2013. They now plan to run his DNA in those cases.
He is now in a Kentucky jail awaiting trial for extradition back to Alabama.
Copyright 2022 WBRC via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/07/06/man-arrested-after-woman-75-found-taped-up-closet-police-say/ | 2022-07-06T13:40:26Z |
LAS VEGAS, April 21, 2022 /PRNewswire/ -- Switch, Inc. (NYSE: SWCH) today announced that it will release its first quarter 2022 financial results after market close on Tuesday, May 10, 2022. The company will conduct its conference call and live webcast for analysts and investors at 5:00 p.m. Eastern Time on that day, hosted by Switch President Thomas Morton and Chief Financial Officer Gabe Nacht. The press release with financial results will be accessible from the company's website prior to the conference call.
- United States participant dial-in: 844-200-6205
- Canada participant dial-in: 226-828-7575
- All other participants dial-in: 929-526-1599
- Participant access code: 250393
The webcast will be accessible on Switch's investor relations website at https://investors.switch.com/ for one year. A telephonic replay of the conference call will be available through Tuesday, May 17, 2022.
- U.S. replay dial-in: 866-813-9403
- Canada replay dial-in: 226-828-7578
- International replay dial-in: +44 204 525 0658
- Replay access code: 300538
ABOUT Switch
Switch (NYSE: SWCH), is the independent leader in exascale data center ecosystems, edge data center designs, industry-leading telecommunications solutions and next-generation technology innovation. Switch Founder and CEO Rob Roy has developed more than 700 issued and pending patent claims covering data center designs that have manifested into the company's world-renowned data centers and technology solutions.
We innovate to sustainably progress the digital foundation of the connected world with a focus on enterprise-class and emerging hybrid cloud solutions. The Switch PRIMES, located in Las Vegas and Tahoe Reno, Nevada; Grand Rapids, Michigan; Atlanta, Georgia; and Austin, Texas are the world's most powerful exascale data center campus ecosystems with low latency to major U.S. markets. Visit switch.com for more information or follow us on LinkedIn and Twitter.
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SOURCE Switch, Inc. | https://www.mysuncoast.com/prnewswire/2022/04/21/switch-report-first-quarter-2022-financial-results/ | 2022-04-21T21:40:33Z |
International teams awarded for innovative AI and analytics solutions to humanitarian and business challenges
CARY, N.C., June 22, 2022 /PRNewswire/ -- SAS, the leader in analytics, today announced the winners of its 2022 SAS Hackathon. From 70 qualifying teams from around the world and 50 business case submissions, SAS recognized 13 teams for innovation using cloud-native SAS® Viya® artificial intelligence, Microsoft Azure and other technology. Tasked with tackling a real-world business or humanitarian problem, the winning teams' projects ranged from optimizing disaster response to reducing food waste.
Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8827854-sas-hackathon-2022-winners/
More than 100 judges from diverse backgrounds recognized international winners across eight industries, six technologies and three regions. The awards ceremony was broadcast live on LinkedIn and YouTube.
Unique SAS Hackathon format boosts innovation
Rather than a traditional in-person hackathon that gathers coders for a few days, SAS Hackathon participants collaborated online for a month, enhancing their data science skills under the guidance of a SAS mentor through a variety of industry tracks. Each team had access to a learning portal and the ability to try SAS techniques such as machine learning, natural language processing, computer vision, data visualization and IoT on SAS Viya, powered by Microsoft Azure. Participants were encouraged to network while solving real-world issues that affected their communities.
"There's a stereotype that hackathons are just a bunch of coders hunched over computers tackling fluff challenges for the sake of it — and it isn't true," said Einar Halvorsen, Global Hackathon Lead at SAS.
"The end goal of the SAS Hackathon is to bring together sharp minds from many backgrounds to create a commercially viable solution for real-world problems. It's a learning experience, an incubator and a trial for taking world-changing ideas to market."
2022 SAS Hackathon Winners by category
Global Industries
- Banking: Green Swedbank (Sweden): Record-breaking rain and flooding spurred by climate change battered Sweden last year. Team members from Swedbank and KPMG created a dashboard in SAS Visual Analytics to assess flood risk to properties — and price potential losses — for 100-, 200- and 1,000- year flooding scenarios.
- Energy: Innova Data Hub (Spain): As the European city with the most deaths linked to traffic emissions, Madrid wants to prioritize green transportation. To improve BiciMAD, Madrid's bike service, Innova Data Hub from Innova-tsn compiled datasets on bike usage, then used predictive modeling to design an optimization solution that can be implemented in less than six minutes and reduce impossibilities by more than 90 percent.
- Health and Life Science: The Chart Chasers! (U.S.): While value-based care ties doctors' paychecks to the efficiency of their care, doctors can be underpaid when mistakes are made in the medical coding process. Team members from InformedHC and Pinnacle Solutions built an automated system to uncover lost revenue for medical providers due to mistakes in the use of the International Classification of Diseases codes.
- Insurance: LiveEO #2 (Germany/Mixed): Dennis Schmargon, head of business development at LiveEO, used SAS analytics, LiveEO and open-source public and commercial satellite data to create a model that monitors and predicts flooding events, empowering insurers to make informed decisions about risk potential.
- Public Sector: Jakstat (Indonesia): Team Jakstat from StarCore applied SAS and Python to map and optimize the disbursement of COVID financial aid for the micro-, small and medium-sized businesses that make up 97 percent of Jakarta's economy.
- Telecom & Media: Funka (Sweden) To improve the accessibility of web forms for people with and without disabilities, team members from company Funka Nu AB used computer vision, optical character recognition, machine learning, and test automation to create a solution for website owners to evaluate the accessibility of their forms — and apply solutions to any indicated problems — by inputting their site's URL.
- Retail: TrendsPro (U.S.): Team TrendsPro from Maypro Group LLC used search engine trend analysis to forecast consumer demand for products to optimize ad campaigns. Their solution allows business owners to allocate inventory, discover the most appropriate advertising channels, and decide how many and what kind of ads to deploy.
- Mixed/Manufacturing: Notilyze (Netherlands): Notilyze created an insight tool for a food manufacturer that monitors processing and quality control. This allows the food manufacturer to optimize the manufacturing process for maximum profit while reducing energy consumption and food waste.
Technologies
- IoT: Oges (Singapore/India): Accurate reservoir modeling is crucial for oil and gas companies to drill effectively, protect personnel and prevent oil spills. Team members from Oges Solutions incorporated SAS Visual Data Mining and Machine Learning and Python Libraries to create a hyper-accurate AI-based oil reservoir model, ready to be incorporated by any oil and gas company.
- Machine Learning: The Positive Thinking Company (Germany/Belgium): As climate change intensifies, farmers most vulnerable to its impacts can benefit from protective, inexpensive microinsurance. Using SAS Viya and machine learning technology, The Positive Thinking Company analyzed climate risk in various states in India, then built a tool for at-risk farmers to explore how climate change can affect their livelihoods — and how microinsurance can help.
- Computer Vision: Funka [See above.]
- Decisioning: Linktera4Insurance (Türkiye): Digitalizing the customer journey in insurance would reduce paper usage and automate workflow and decision making for faster and easier underwriting and claims management. Linktera4Insurance from Link Tera Bilgi Teknolojileri employed SAS Viya on Azure to render complex insurance data into easily navigable dashboards and graphs, and used Neula Low Code Platform to automate workflow.
- Visual Analytics: Disaster Response AI (Canada): Globally, natural disasters cause more than 15,000 deaths and cost $173 billion per year. On SAS Viya, Team Disaster Response AI from Deloitte built an interactive map visualization rich with disaster insights and predictions to advise the Canadian government on how best to allocate relief funds.
- Forecasting: Team 4-kasting (Norway): To keep its ranking as the fastest mobile network in the world, Telenor Norway requires enough network capacity to stay speedy without tipping into expensive and unsustainable overcapacity. Team 4-kasting deployed machine learning/visual forecasting to create a system that forecasts expected usage at any given site, potentially saving the telecommunications company millions.
- Natural Language Processing: The Chart Chasers! [See above.]
Regions
- Asia: Jakstat
- EMEA: Funka
- Americas: The Chart Chasers!
SAS Viya on Microsoft Azure key to scalability around the globe
Microsoft — the hackathon's sponsor — and SAS offer integrated technology that fueled innovation among the international cohort at SAS Hackathon. SAS Hackathon participants implemented SAS Viya on Microsoft Azure's cloud-native, integrated technology to build insight tools, automated systems and models and more.
Analytics and AI answer real-world problems at SAS Hackathon
"Whether it's ensuring doctors are paid for the quality of their care, optimizing sustainable transportation, or rendering hyper-accurate AI models for the world's largest companies, our 2022 Hackathon winners applied SAS, Microsoft and open-source technologies in ways that inspired our judges," said Peter Lundqvist, Global Hackathon Program Manager.
"Competition is fun, but collaboration and curiosity are what truly power the SAS Hackathon."
For more information on the winners and what sets the SAS Hackathon apart, please visit sas.com/sas/events/hackathon.html and follow #SAShackathon on LinkedIn, Twitter and Instagram.
About SAS
SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS gives you THE POWER TO KNOW®.
SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2022 SAS Institute Inc. All rights reserved.
Editorial Contact:
Julia Norton
julia.norton@sas.com
919-741-7474
sas.com/news
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SOURCE SAS | https://www.mysuncoast.com/prnewswire/2022/06/22/sas-hackathon-winners-decode-real-world-dilemmas-with-data/ | 2022-06-22T17:00:37Z |
(The Hill) – The number of monkeypox cases identified in the U.S. have doubled in the past week to 20, but the Centers for Disease Control and Prevention (CDC) says the risk to the public remains low and the strain causing these cases is believed to be a less severe version of the disease.
During a press briefing Thursday, officials from the CDC and the White House confirmed that 20 cases had been identified across 11 states.
“The strain of the monkeypox virus affecting patients in this outbreak is the West African clade, and that is less severe than other known clades [such as] the Congo Basin clade, meaning that in historical outbreaks in Africa it has led to fewer deaths,” said Jennifer McQuiston, deputy director for the CDC’s Division of High Consequence Pathogens and Pathology.
While the strain is believed to be a less severe one, McQuiston stressed that it should not be minimized since the virus can still result in pain due to its characteristic rash as well as severe scarring once the lesions have healed.
Most monkeypox cases in the U.S. have been found among men who have sex with men, but the CDC confirmed that one case had been found in a woman who had traveled to West Africa and reported having a heterosexual sex life.
The CDC provided a rough timeline of the monkeypox outbreak in the U.S., sharing that the first two cases were detected in men — one in Massachusetts and one in New York — who had traveled internationally.
The U.S. is currently following a strategy of containment to limit the spread of monkeypox by isolating cases, identifying people who have possibly been exposed and making sure that vaccines are offered to them. No monkeypox-related deaths have yet been reported.
So far, the federal government has delivered about 1,200 doses of smallpox vaccines believed to be effective against monkeypox as well as 100 courses of treatments to eight jurisdictions. The two smallpox vaccines that are being mobilized are Jynneos and the older ACAM2000.
CDC officials stressed that the agency currently has “more than enough vaccines” to handle the current infections, though they declined to specify how many vaccines doses are currently available in the U.S.
This week, jurisdictions including Chicago, Philadelphia, Los Angeles County and Georgia all reported their first cases of monkeypox for this year. | https://cw33.com/news/nexstar-media-wire/cdc-20-monkeypox-cases-detected-in-11-states-viral-strain-identified/ | 2022-06-03T20:36:46Z |
BELGRADE, Serbia (AP) — Egypt and Serbia on Wednesday agreed to boost political, economic and other cooperation as the two countries look for ways to deal with the global impact of the Russian invasion of Ukraine.
Egypt’s President Abdel-Fattah el-Sissi was in Serbia on a three-day visit this week — the first in more than three decades by an Egyptian president. His host, Serbia’s President Aleksandar Vucic, said the visit had a “historic character.”
“It will bring so much in the future,” Vucic said at a joint press conference with Sissi. “This is just a beginning.”
The two leaders signed a partnership declaration, Vucic awarded el-Sissi a state decoration and announced plans for a free trade agreement by the end of the year. A business forum was held as officials signed a series of deals focusing on fields of cooperation.
“Both our countries should cooperate for better economies in relation to the global events,” said el-Sissi. “Egypt expects stronger cooperation in all fields.”
Vucic said Serbia will export grain, primarily wheat, to Egypt, which has been hit hard by the price hikes caused by the war in Ukraine. Egypt is among the world’s largest importers of wheat, with much of that from now-blocked Ukrainian ports.
Serbia, a candidate country for European Union membership, has refused to join Western sanctions against Russia and has maintained friendly relations with Moscow despite the war. Both leaders said the war in Ukraine was among the topics discussed at their meeting Wednesday.
“Egypt is a country that wishes to see everything resolved peacefully and through agreements,” said el-Sissi, who met with U.S. President Joe Biden in Saudi Arabia last week.
El-Sissi and Vucic also evoked during their press conference the decades-old ties of Belgrade and Cairo as founding members of the Non-Aligned Movement of nations outside the opposed blocs during the time of Cold War divisions. | https://cw33.com/business/ap-business/serbia-egypt-agree-to-boost-cooperation-amid-war-in-ukraine/ | 2022-07-20T23:18:13Z |
CHICAGO, July 25, 2022 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG), one of North America's leading branded food companies, today announced the appointment of Denise A. Paulonis to its board of directors, effective August 1, 2022. With this addition, the Conagra Brands board will increase to 13 members.
"We are pleased to welcome Denise to the Conagra Brands board," said Richard H. Lenny, chair, Conagra Brands. "Conagra and our shareholders will benefit from Denise's extensive leadership experience driving growth, supply chain innovation, e-commerce capabilities, and product innovation within the consumer products market."
Denise Paulonis said, "It's an exciting time to be part of Conagra Brands. I look forward to working with the board and management team to help drive growth and development across the company's roster of iconic brands."
About Denise A. Paulonis
Denise A. Paulonis is the President and Chief Executive Officer of Sally Beauty Holdings, Inc., an international specialty retailer and distributor of professional beauty supplies, where she leads the company's growth agenda, drives supply chain modernization, advances digital commerce capabilities, and delivers product innovation to the market. Prior to Sally Beauty, Ms. Paulonis served as Chief Financial Officer of Sprouts Farmers Market, Inc., as Executive Vice President and Chief Financial Officer of the Michaels Companies, and in various leadership roles within the finance and investor relations functions of the Michaels Companies, PepsiCo, and Procter & Gamble.
About Conagra Brands
Conagra Brands, Inc. (NYSE: CAG), headquartered in Chicago, is one of North America's leading branded food companies. Guided by an entrepreneurial spirit, Conagra Brands combines a rich heritage of making great food with a sharpened focus on innovation. The company's portfolio is evolving to satisfy people's changing food preferences. Conagra's iconic brands, such as Birds Eye®, Marie Callender's®, Banquet®, Healthy Choice®, Slim Jim®, Reddi-wip®, and Vlasic®, as well as emerging brands, including Angie's® BOOMCHICKAPOP®, Duke's®, Earth Balance®, Gardein®, and Frontera®, offer choices for every occasion. For more information, visit www.conagrabrands.com.
For more information, please contact:
MEDIA: Dan Hare
312-549-5355
Daniel.Hare@conagra.com
INVESTORS: Melissa Napier
312-549-5002
IR@conagra.com
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SOURCE Conagra Brands, Inc. | https://www.kxii.com/prnewswire/2022/07/25/conagra-brands-announces-appointment-denise-paulonis-its-board-directors/ | 2022-07-25T22:13:13Z |
Valet Living To Showcase Amenity Services at Apartmentalize 2022
TAMPA, Fla., June 22, 2022 /PRNewswire/ -- Valet Living, the only nationally recognized full-service amenities provider to the multifamily housing industry, today announced a national preferred partnership agreement with Asset Living, a Houston-based real estate management firm, that will bring Valet Living's Doorstep and Connect services to Asset Living communities in Houston, Austin, Dallas, San Antonio, Atlanta, Florida, Denver, and Phoenix.
While Asset Living has made Valet Living services available to select residents for the last five years, this expansion reflects the increased demand for amenities within apartment communities. Valet Living's Connect App fills the gap by granting residents access to over 60+ virtual events, including weekly trivia games with cash prizes, cooking classes taught by professionals, plant care, craft cocktails, DIY, fitness classes and so much more. Additionally, residents will have access to Interactive Doorstep technology to communicate with Valet Living representatives about nightly trash and recycling pickup as well as have on-demand representatives ready to answer questions.
"We are beyond thrilled to continue our partnership with Asset Living," said CEO and President of Valet Living, Shawn Handrahan. "As the premier amenity services provider to the multifamily industry, we are proud to be enabling Asset Living's residents to have more than just doorstep trash and recycling collection, with our Valet Living Connect product offering."
As part of this expanded partnership, Asset Living residents will now have access to all of Valet Living's amenity services, including:
- Torch Fitness classes conducted on-site that are customized to your community profile and needs.
- Pet Park Equipment & Design which will assist you in designing a new pet park or replenish equipment and supplies in your current pet area.
- Doorstep Valet Trash & Recycling pickup five nights a week.
- Quick Turns with complete unit turn services, turning any vacant apartment home in 5 days. Plus, bulk hauling services for bulk removal of trash during the turn process.
- Full-Service Valet Living Home Program with professionally trained Resident Experience Specialists (RESs) who are the first point of contact for residents and prospects. Plus, RESs provide one on one service to residents, package management, and any resident-centric activity.
"Valet Living has been a longtime service provider and this agreement allows us to quickly expand the relationship," says Asset Living Chief Revenue Officer, David Walther. "We enjoy working with national partners like Valet Living who are innovating and expanding. Ultimately, the additional services from our partners provide another tool to drive resident satisfaction and property performance."
Valet Living is the largest nationally recognized full-service amenities provider to the multifamily housing industry, performing more than 470 million amenity services annually, encompassing 1.8 million apartment homes in 40 states. Valet Living uses specialized technology that empowers its trusted associates to deliver standard-setting amenities in communities where people want to live. Valet Living has been setting the standard for residential living since 1995 and has been proven to increase property value. Valet Living is a portfolio company of the Private Equity Group GI Partners.
To learn more about Valet Living, please visit www.ValetLiving.com
Founded in 1986, Asset Living ("Asset") is a Houston-based real estate management firm. With a growing portfolio that includes a multitude of properties across the nation, Asset provides services to a variety of clients that include property management, asset management, receivership, and investment services. Asset is a member of The Institute of Real Estate Management (IREM) and is recognized as an Accredited Management Organization (AMO).
To learn more about Asset Living, please visit www.AssetLiving.com
Contact:
Nikita Bhappu Abbaspour
(813) 331-0680
nikita.bhappu@valetliving.com
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SOURCE Valet Living | https://www.kxii.com/prnewswire/2022/06/22/valet-living-asset-living-announce-national-preferred-partnership-agreement-bringing-amenity-services-multifamily-housing-communities-nationwide/ | 2022-06-22T15:54:27Z |
UVALDE, Texas (KXAN) — Duchess of Sussex Meghan Markle arrived at the memorial site for the 21 victims killed in Tuesday’s elementary school shooting in Uvalde, Texas.
On Thursday, Markle was seen leaving white roses at the site.
On Sunday, President Joe Biden and first lady Jill Biden plan to travel to Uvalde “to grieve with the community.”
Crosses for each of the victims were set up outside Robb Elementary School. Other memorials have also popped up in Texas, including outside the Governor’s Mansion in Austin. | https://cw33.com/news/texas/meghan-markle-visits-robb-elementary-memorial-site-leaves-flowers/ | 2022-05-27T16:36:08Z |
Which audio tower is best?
The best audio towers combine affordability with functionality, offering the user ease, aesthetically pleasing access to all their audio amplifiers, controllers or other home entertainment systems. Many audio towers also come down to individual preference and the amount of space and overall style of the user’s home.
No matter what style you’re looking for, one of the best audio towers available is the Nexera Pinnacle One-Door Audio Tower, complete with a useful frosted glass door.
What to know before you buy an audio tower
Space and sizing
First and foremost, it’s important to measure your space to ensure you buy a correctly sized audio tower. For instance, many of the best audio towers in the buying guide on BestReviews can maximize the efficiency of space they utilize by being built taller, wider or in other ways that make good use of the area they’ll be placed in.
Audio and entertainment components
Apart from the amount of space audio towers take up, you’ll want to consider the kinds and quantities of audio and entertainment components you’re hoping to store on the tower’s shelves. If you have many different pieces of technology, you’ll want to make sure you have enough space on your shelves to fit everything you need to.
Design and finish
The overall design is a key factor for many but can largely be disregarded if you’re simply trying to find the cheapest audio tower available. Many audio towers feature multiple different designs or finishes. Still, if matching your living room’s attire is a must, it might be worth considering what models offer the best design and finish matches.
What to look for in a quality audio tower
Storage capacity
Overall storage capacity is one of the most important facets to consider when looking at audio towers. Even if you only have one audio component to put on the shelf, open-faced audio towers can also be used for storing game consoles, remote controls or other things like books, DVDs or flowers.
Accessibility
Accessibility of an audio tower refers to how easily you can get to your entertainment center components, whether via a door or with a neat, well-organized open-face design. It’s important to consider how accessible your audio tower is, especially if you often need to use the components to control your audio.
Durability
While cheap audio towers may get you by for a short period of time, the most sustainable and long-lasting option is to simply buy an audio tower that’s durable and will last a long time. Hopefully, you don’t plan to move your audio tower or bang it around too much once you’ve got it set in place. However, even if you do, you’re likely going to get a lot more life out of something that’s well-built and can hold heavy-weight appliances without slowly falling to pieces.
How much you can expect to spend on audio towers
You can find a number of audio towers at a wide range of prices, but in general, you can expect to pay between $50-$200 on a high-quality, new audio tower. Many designer audio towers come at higher price ranges, often running between $200-$500.
Audio tower FAQ
How do audio towers work?
A. Audio towers work to store audio equipment and other entertainment components by offering multi-layer shelves to store the equipment. Many of the best audio towers also feature convenient cable-routing and hardware-hiding features, making them great for display in the front of any person’s living room.
Are audio towers better than wall-mounted soundbars?
A. While they aren’t necessarily better, audio towers offer added storage compared to wall-mounted soundbars. Audio towers can also be used in addition to wall-mounted soundbars if need be, often making for an extra set of storage shelves for other entertainment components.
What’s the best audio tower to buy?
Top audio tower
Nexera Pinnacle One-Door Audio Tower with Three Available Finish Designs
What you need to know: This impressive audio tower features an easy-to-use door and is sturdy enough to hold a TV or other large-sized entertainment hardware — while discreetly storing your audio components, game consoles or media inside.
What you’ll love: This audio tower is a perfect small size while still being able to hold serious audio equipment and entertainment hardware like TVs, amplifiers, game consoles and other media devices. This model is available in black, white or black cherry designs.
What you should consider: Some buyers preferred an audio tower with open-faced shelving or other organizational features.
Where to buy: Sold by Amazon
Top audio tower for the money
Mount-It! AV Component Media Stand and Audio Tower with Four Shelves and Cable Holes
What you need to know: This open-faced audio tower is convenient for those who prefer styles without a door, and it offers four tempered glass shelves, each with a useful cable-organizing hole in the back and center.
What you’ll love: For such a low price, this stylish media console takes up a small space and maximizes component usability with its four-shelf, open-faced design. It can also hold up to 88 pounds of capacity, making it great for heavier TVs and other entertainment hardware.
What you should consider: The shelves on this model aren’t as large as those on some other media center models.
Where to buy: Sold by Amazon
Worth checking out
Fitueyes Open Design Media Stand and Audio Tower with Four Glass Shelves
What you need to know: One of the simpler and more lightweight options, this open audio tower is great for holding and organizing audio and media hardware without taking up too much space in your entertainment room.
What you’ll love: With four glass shelves, this model is an excellent media stand for just about any space. This media center is fairly affordable and is great for those who prefer a set of shelves with a completely open design rather than just being open in the front.
What you should consider: Some users prefer an audio tower with slightly more concealed shelving or cable organization features to make hiding cables and unsightly messes even easier.
Where to buy: Sold by Amazon
Want to shop the best products at the best prices? Check out Daily Deals from BestReviews.
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Peter McGuthrie writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.
Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/electronics-br/audio-video-accessories-br/best-audio-towers/ | 2022-06-18T19:29:48Z |
Visitors Celebrating the "El Grito" Holiday and Hispanic Heritage Month will Enjoy Concerts, Comedy and More
Images available at press.lvcva.com
LAS VEGAS , Aug. 12, 2022 /PRNewswire/ -- This September, Las Vegas resorts and attractions will once again celebrate Mexican Independence Day— often referred to as "El Grito"— and the kick-off of Hispanic Heritage Month with world-class entertainment and an exhilarating rematch in the ring. Top Latin artists and comedians will mark their return to stages across Las Vegas during this year's observance, while the much-anticipated "Canelo vs. GGG 3" will thrill boxing fans.
Music to Keep the Party Going
- Grupo Firme brings its first U.S. stadium tour, Enfiestados y Amanecidos, to Allegiant Stadium on Thursday, Sept. 15.
- Chart-topper Carin Leon plays Michelob ULTRA Arena at Mandalay Bay Resort & Casino on Thursday, Sept. 15.
- Global sensation Alejandro Fernández heads to MGM Grand Garden Arena at MGM Grand Hotel & Casino—with special guests Amor Y Patria and Alex Fernandez—on Thursday, Sept. 15 and Saturday, Sept. 17.
- Longtime Vegas resident Carlos Santana is back for more dates at House of Blues Las Vegas at Mandalay Bay Resort & Casino on Wednesday, Sept. 14 and Friday, Sept. 16 to Sunday, Sept. 18.
- Pop act Matute brings its Quinceañera World Tour to Mandalay Bay Beach at Mandalay Bay Resort & Casino on Friday, Sept. 16.
- Singer-songwriter Gloria Trevi brings her Isla Divina Tour to Michelob ULTRA Arena at Mandalay Bay Resort & Casino on Friday, Sept. 16.
- Mr. Worldwide, Pitbull brings his Can't Stop Us Now Tour to Zappos Theater at Miracle Mile Shops at Planet Hollywood Resort & Casino on Friday, Sept. 16 and Saturday, Sept. 17.
- International superstar Enrique Iglesias brings his songbook to Resorts World Theatre at Resorts World Las Vegas on Friday, Sept. 16 and Saturday, Sept. 17.
- Singer-songwriter Pancho Barraza will entertain audiences at The Theater at Virgin Hotels Las Vegas on Friday, Sept. 16.
- Latin pop singer EMMANUEL bring his Todo La Vida tour to The Colosseum at Caesars Palace on Saturday, Sept. 17.
- Cumbia group Los Angeles Azules brings its De Iztapalapa Para El Mundo Tour to Michelob ULTRA Arena at Mandalay Bay Resort & Casino on Saturday, Sept. 17.
- Gurpero artists Bronco play The Theater at Virgin Hotels Las Vegas on Saturday, Sept. 17.
- Find two times the fun with Banda MS and Eden Muñoz as they bring the Gracias a Ti Tour to Michelob ULTRA Arena at Mandalay Bay Resort & Casino on Sunday, Sept. 18.
- Latin pop singer Christian Nodal will take the stage at MGM Grand Garden Arena at MGM Grand Hotel & Casino on Sunday, Sept. 18.
Comedy at its Best
- An Aces of Comedy series regular, Gabriel "Fluffy" Iglesias delivers laughs at The Mirage Theater at The Mirage from Thursday, Sept. 15 to Sunday, Sept. 18.
- Get even more rib-splitting fun at the Las Vegas Festival de Comedia at MGM Grand Garden Arena at MGM Grand Hotel & Casino, taking place Friday, Sept. 16 with comedy acts Franco Escamilla, La Cotorrisa, La India Yuridia, Mike Salazar, Teo González, and Rogelio Ramos.
Action in the Ring
- The weekend's most anticipated boxing action sees Canelo Álvarez taking on Gennady Golovkin in a must-see, trilogy capping match at T-Mobile Arena on Saturday, Sept. 17.
For more information about Las Vegas, visit www.VisitLasVegas.com.
The Las Vegas Convention and Visitors Authority (LVCVA) is charged with marketing Southern Nevada as a tourism and convention destination worldwide and with operating the 4.6 million square-foot Las Vegas Convention Center (LVCC). With 150,000 hotel rooms and 14 million square feet of meeting and exhibit space in Las Vegas alone, the LVCVA's mission centers on attracting leisure and business visitors to the area. The LVCVA also owns the Las Vegas Convention Center Loop, an underground tunnel designed by The Boring Company and the Las Vegas Monorail, an elevated 3.9-mile system with seven stops throughout the resort corridor. For more information, go to www.lvcva.com, www.visitlasvegas.com or www.vegasmeansbusiness.com.
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SOURCE Las Vegas Convention and Visitors Authority (LVCVA) | https://www.mysuncoast.com/prnewswire/2022/08/12/entertainment-is-center-stage-mexican-independence-day-weekend/ | 2022-08-12T13:10:07Z |
Beverly Hills Luxury Real Estate Expert Managed Record-Breaking Sale of The Playboy Mansion, Many Other Iconic Estates
BEVERLY HILLS, Calif., May 31, 2022 /PRNewswire/ -- Coldwell Banker Realty in Southern California and Coldwell Banker Global Luxury are pleased to announce that Gary Gold, a paragon of the luxury real estate market in Los Angeles, has affiliated with the company at its Beverly Hills office. Gold was previously executive vice president of renowned Beverly Hills real estate firm, Hilton & Hyland, where he was a top producer in the luxury realm for 27 years.
Gold is a trendsetter, shattering the record for home sales in Los Angeles with his negotiation of the $100,000,000 deal for The Playboy Mansion in 2016. He represented the seller, with Jade Mills of Coldwell Banker Realty representing the buyer. Gold surpassed himself with the $150 million sale of the historic Chartwell Estate in Bel-Air in 2019, the first single-family home in the United States to ever reach that price point. In 2021, Gold represented the iconic Hearst Estate in Beverly Hills, the most expensive single-family home in the U.S. to ever sell at auction, for $63,100,000. Gold also holds records for the highest sales in Brentwood, Brentwood Circle, Larchmont Village and on Oak Pass Road.
"Gary is the gold standard for selling luxury estates in the L.A. market. He combines 30 years of expertise with supremely effective digital marketing to draw in highly affluent buyers from around the world. I am overjoyed to welcome Gary to Coldwell Banker Realty as a distinguished Luxury Property Specialist," said Jamie Duran, president of Coldwell Banker Realty in Southern California.
Partnered with Coldwell Banker Realty, Gold will launch a new podcast during which he will interview agents from all over the world and share advice on how they can compete at the highest level in luxury real estate. Gold is highly in-demand as a media personality and industry speaker, with appearances in outlets such as CNN, Fortune, Barron's, Wall Street Journal, The Washington Post, Access Hollywood, CBS Evening News, E! Entertainment Television and The London Telegraph. He is recognized internationally for his innovative marketing and thousands of luxury sales, with high-end developers regularly consulting his extensive expertise.
"California's finest estates require a nuanced marketing approach, and I am dedicated to providing my clients with the most competitive real estate strategies available. Coldwell Banker has the resources, global reach and elite luxury programs that will offer an even greater advantage to clients and elevate my service to new heights. I am excited to begin this new chapter as part of the Coldwell Banker team," said Gold.
About Coldwell Banker Realty
Coldwell Banker Realty, the No. 1 residential real estate brokerage in Southern California, operates approximately 57 offices with about 4,980 affiliated agents. Real estate agents affiliated with the company are independent contractor agents and are not employees of the company. Coldwell Banker Realty is owned by a subsidiary of Realogy Holdings Corp. (NYSE: RLGY). For more information, visit ColdwellBankerHomes.com. CalRE# 00616212
About Coldwell Banker Global Luxury®
The Coldwell Banker Global Luxury® program legacy traces its roots to 1933 and has been a world leader in luxury real estate since. Coldwell Banker Global Luxury Property Specialists are an exclusive group within the Coldwell Banker organization, making up under ten percent of independent sales associates affiliated with the brand worldwide. Coldwell Banker affiliated agents conducted 50,355 transactions of homes priced at $1 million or more in 2021. This equates to $267 million in luxury sales every day (+59% from 2020) with an average sales price of $1.9 million in this category. Coldwell Banker, the Coldwell Banker logo Coldwell Banker Global Luxury and the Coldwell Banker Global Luxury logo are registered marks owned by Coldwell Banker Real Estate LLC. Each franchise is independently owned and operated.
Media Contact:
Marisa Vallbona
Marisa@CIMIncorporated.com
619-708-7990
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SOURCE Coldwell Banker Realty | https://www.kxii.com/prnewswire/2022/05/31/gary-gold-affiliates-with-coldwell-banker-realty/ | 2022-05-31T19:57:07Z |
Baby ejected from SUV was not in car seat, Florida state troopers say
HIGH SPRINGS, Fla. (WCJB/Gray News) – A 7-month-old baby who was not in a car seat was one of five people seriously injured in a Florida car crash.
Florida Highway Patrol said one adult and four children, including the 7-month-old, were rushed to the hospital with serious injuries after their SUV crashed on Interstate 75, near High Springs on Monday afternoon.
Troopers said the SUV was heading south on I-75 when one of its rear tires blew out. The driver, a 29-year-old woman, lost control. The vehicle went off the road and flipped multiple times.
Officials said the children in the vehicle ranged in age from 7 months old to 11 years old.
Troopers said the baby was not in a car seat and was ejected from the SUV. The driver could face charges for not securing the baby properly.
Officials did not release additional information.
Copyright 2022 WCJB via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/08/02/baby-ejected-suv-was-not-car-seat-florida-state-troopers-say/ | 2022-08-02T21:54:51Z |
MIAMI, May 18, 2022 /PRNewswire/ -- Ornare, the Brazilian authority in tailor-made wall systems and installations for closets, kitchens, bathrooms and home offices, is welcoming the Square Round collection to its Miami Design District showroom. The collection debuts in Miami as the brand celebrates its 35th anniversary.
"Our 35th-anniversary celebration is the stunning result of a smart collection, full of style and refinement. We thank everyone who participated for the commitment and deep study so that we could come up with a unique and exclusive concept that results in harmony between man and nature," says Murillo Schattan, CEO of Ornare Industrias in Brazil.
In partnership with the Ornare's art director Ricardo Bello Dias and architects Patrícia Martinez and Vivian Coser under the coordination of CEO Murillo Schattan, the new age collection is composed of five sophisticated lines: Round, Wire, Move, Square Wall, and 270°, the result of the designers' successful collaboration. In addition to kitchen, closet, and bathroom furniture, the collection also includes a set of stand-alone pieces as elegant solutions for organizing environments.
When admired up close, the gaze at The Round line by Ricardo Bello Dias is arrested by its sexier edges soften a rigid form, inspired by the curves of plants, sea waves, and shells. Its cabinets are characterized by concave or convex corners, with delicate waves inside and outside. The Wire line by Patrícia Martinez is marked by the lightness of a thin aluminum structure. The three-dimensional mesh of the storage system is enhanced by elegant shelves, drawers, and boxes in different materials.
Studio Ornare introduces a series of new Stow Sky add-ons, Safety Box accessories, and Cube Ripado and Candle&Shine technical details to complete the list of recent entries in the catalog. Uniquely, customers can customize, add or change minor configurations of this collections' pieces over time.
"We are thrilled to welcome the Square Round collection to the Miami and U.S for the first time," says Claudio Faria, Director of Ornare Miami. "This collection embodies Ornare's commitment to excellence in high-end, thoughtful design and engineering."
Ornare's Miami showroom is located at 4040 NE 2nd Ave #103, Miami, FL 33137.
To Schedule an appointment for a private tour please contact the Miami Design District Showroom at 305.438.0260. For more information, visit www.ornare.com or follow @ornaremiami.
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SOURCE Ornare | https://www.wibw.com/prnewswire/2022/05/19/ornares-miami-design-district-showroom-unveils-square-round-collection-brand-celebrates-its-35th-anniversary/ | 2022-05-19T03:50:28Z |
DALLAS, Aug. 31, 2022 /PRNewswire/ -- Community Development Financial Institution (CDFI) BCL of Texas announced today that it will offer loans ranging from $10,000-$75,000 to traditionally underserved businesses. The Dallas Small Business Diversity Fund, a $1 million investment from Comerica Bank, will specifically target Dallas County women and minority-owned businesses with two or more years in operation.
An additional $1 million investment from Comerica will be allocated to BCL's Growth Fund for larger business loans in its Texas target market.
"We know that many minority businesses are often self-funded due to lack of access to capital, and a key component of our mission is to provide emerging small businesses opportunities to expand their operations," said Rosa Rios Valdez, BCL of Texas President and CEO. "We want to help level the playing field with this fund."
The loan application general requirements are as follows: must be a minority, woman or veteran business owner located in a rural, redevelopment or low- to moderate-income area. In addition, the Dallas Small Business Diversity Fund includes a strategic coaching component with BCL's Entrepreneurship Specialists. Prior to completing a loan application, prospective applicants are asked to schedule a financial readiness assessment to ensure they have a strong and organized path to growth. Approved borrowers will receive no-cost business coaching throughout the life of the loan.
"At Comerica, we remain committed to investing in CDFIs with more flexible underwriting and collateral requirements than traditional lending programs," said Omar Salah, Comerica Bank's Director of Small Business Banking. "As the leading bank for business, it is imperative that we raise expectations in all the communities we serve by partnering with nonprofits like the BCL of Texas because they are playing an integral role in closing the access to capital gap for minority and women-owned businesses."
In 2021, Comerica made a three-year, $5 billion small business lending commitment to support communities disproportionately affected by the COVID-19 pandemic. As of June 30, 2022, Comerica has assisted more than 8,600 small businesses and funded $2.4 billion (49% of goal) of the loan commitment.
To schedule a Dallas Small Business Diversity Fund consultation visit bcloftexas.org/DDF, or contact BCL of Texas Loan Officer David R. Arriola (darriola@bcloftexas.org; (214) 688-7456 x126).
Business & Community Lenders (BCL) of Texas is a statewide 501(c)3 nonprofit community development financial institution (CDFI) committed to Building Strong Communities. BCL supports Texans to acquire wealth-building assets, such as homeownership and entrepreneurship, with the financial tools and education necessary to build personal net worth. With an emphasis on diversity, equity, and inclusion, we serve communities of color, women, veterans, rural communities, and low- and moderate-income individuals, families, and small business owners.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $86.9 billion as of June 30, 2022.
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SOURCE Comerica Bank | https://www.wibw.com/prnewswire/2022/08/31/bcl-texas-launches-dallas-small-business-diversity-fund-with-1-million-investment-comerica-bank/ | 2022-08-31T22:28:49Z |
BELTON — A trial has been delayed until September for a Temple woman charged with throwing a soup at an employee at a Temple restaurant.
Amanda Martinez, 31, of Temple, was supposed go on trial Monday for charges of assault that causes bodily injury, a Class A misdemeanor.
The soup-throwing incident went viral last year.
A new trial date was set for Sept. 12 at the Bell County Court at Law No. 2 presided by Judge John Mischtian.
Court record showed Martinez was offered a plea deal on March 23 but did not accept it. If convicted, Martinez could face up to a year in jail and $4,000 in fines.
The arrest stems from an incident on Nov. 7, 2021, at Sol de Jalisco, 4201 S. General Bruce Drive, where Martinez allegedly assaulted an employee.
At 1:21 p.m., officers responded to the restaurant and, after an investigation, learned a female, later identified as Martinez, had called to complain about an order she received, went to the restaurant and began a verbal altercation with an employee, police have said.
“(Martinez) got the soup to go, and when she arrived at home and opened the soup, she found that the plastic lid had melted into the soup because of the Temperature,” an arrest affidavit said. “After a short conversation between the defendant and the victim, the defendant then took the soup and went back to the restaurant to make a complaint in person.”
At the restaurant, things escalated, and a distressed Martinez allegedly assaulted the employee.
“During the conversation between the defendant and the victim, the defendant became upset and then grabbed the now open soup with both hands and threw the soup into the victim’s face,” the affidavit said. “The victim provided Temple Police with a verbal and written statement at the scene that when the soup was thrown in her face, it caused her eyes to sting, and her nose was bleeding from where she had recently gotten her nose pierced before this incident.”
Martinez left the restaurant before police arrived and was arrested later on a warrant.
Martinez was banned from the restaurant after the incident, police said.
“We do not condone this type of behavior and hold our citizens to the highest standard,” Deputy Chief Allen Teston said in a statement. “If a citizen believes they have received poor service, we advise them to remain civil until the problem is resolved.”
Martinez was released from the Bell County Jail after she posted a $5,000 bond on Nov. 17. | https://www.tdtnews.com/news/central_texas_news/article_4e64d32e-f666-11ec-a4f6-4f2a4228a6d5.html | 2022-06-28T02:35:24Z |
Report shows role benchmarking plays in translating evidence-based strategies into concise data points that can then be used to instill trust, ensure tenant satisfaction, and ultimately, increase real estate portfolio value
Launch of new Portfolio Benchmarking Tool will allow owners to easily assess portfolios against Fitwel healthy building standards
NEW YORK, June 8, 2022 /PRNewswire/ -- The Center for Active Design (CfAD), preeminent global organization working at the intersection of health and the built environment and the sole licensed operator of Fitwel®, the healthy building certification system, and QuadReal Property Group (QuadReal), a global real estate investment, operating and development company, today announced the release of "Health Drives Value in Real Estate," a new report that records the positive outcomes that health and wellbeing strategies have on tenant satisfaction, and in turn, financial outcomes. This report takes a people-focused (health) approach to looking at a portfolio of buildings, and found that evidence-based, health-promoting strategies can foster tenant satisfaction.
While the positive impact that healthy buildings have on human health has long been established, this report is significant as it directly shows a positive correlation between these strategies, tenant satisfaction outcomes, and financial benefits for real estate owners and investors.
By analyzing data from Fitwel scorecards, select property financial metrics from across asset types in QuadReal's portfolio, and tenant and resident survey results, the analysis found that health-promoting strategies were associated with positive occupant perceptions, even if they weren't publicized. In reviewing the Net Promoter Score (NPS)—the likelihood building occupants will recommend the property to peers— and financial outcomes, such as rent per square foot, the report found the following four factors to be most significant:
- Healthy Food Access: Projects that implement Fitwel healthy food access strategies are associated with a higher median property recommendation, yet these are one of the least implemented strategies
- Operations: Projects that implement Fitwel operations strategies are associated with a higher median property recommendation, indicating occupant satisfaction goes far beyond tenant amenities
- Location: Residential projects that satisfy Fitwel location strategies are associated with higher rent per square foot, evidence of the value of walkable places
- Fitwel Score: Increased Fitwel scores correlate with increased median score for property recommendation, demonstrating the importance of broad investments in health
"Demand for healthy buildings has never been higher and, now, the case for investing in them is even stronger," said Joanna Frank, President and CEO of CfAD, operator of Fitwel. "This research makes clear the value of benchmarking to transform the information about a portfolio into a pathway that owners and investors can act on to plan future investments. At scale, this will solidify health-promotion interventions as best practices across the real estate sector."
"One of the QuadReal team's sustainability goals is to provide healthy buildings to our tenants and residents so they can flourish. From the start, we believed that investing in best-in-class operations and amenities would make healthier spaces. This aligns with our commitment to be a responsible company," said Jamie Gray-Donald, Senior Vice President, Sustainability & EHS at QuadReal. "Thanks to our collaboration with CfAD, we have found a clear correlation of a higher Fitwel score with a greater willingness of occupants to recommend the building to their friends and colleagues. This reinvigorates our conviction to invest in healthy buildings and benchmark wellness more broadly in our portfolio."
Launched in tandem with the report is Fitwel's new Portfolio Benchmarking Tool which can be used by owners and investors to assess how a single asset or an entire portfolio is impacting occupant health and calculate how operations decisions will impact mental, social, and physical health outcomes. Users can use this data to meet industry and consumer demand. The Fitwel Portfolio Benchmarking Tool is available on the Fitwel Platform at app.fitwel.org.
Fitwel is the world's leading certification system committed to building health for all. Generated by expert analysis of 5,600+ academic research studies, Fitwel is implementing a vision for a healthier future where all buildings and communities are enhanced to strengthen health and well-being. Fitwel was originally created by the U.S. Centers for Disease Control (CDC) and Prevention and U.S. General Services Administration. The CDC remains the research and evaluation partner for Fitwel. The Center for Active Design (CfAD), a global not-for-profit organization, maintains the Fitwel standard and conducts objective third-party assessments that lead to certified projects. CfAD's new business unit, Adai (pronounced "a-DAY"), is charged with expanding Fitwel to the global market, administering the program while providing best-in-class customer service and technical support. To learn more about Fitwel, please visit: www.fitwel.org.
QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management total $67.1 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating companies in which it holds an ownership interest.
QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.
QuadReal: Excellence lives here.
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NEW YORK, Sept. 9, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SHOP, TTWO, KR, TMUS, and ATVI.
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SOURCE InvestorsObserver | https://www.wibw.com/prnewswire/2022/09/09/thinking-about-trading-options-or-stock-shopify-take-two-interactive-kroger-t-mobile-or-activision-blizzard/ | 2022-09-09T16:07:05Z |
NEW YORK (AP) — Fears about a possible recession are pounding markets Monday, and Wall Street’s S&P 500 tumbled into the maw of what’s known as a bear market after sinking more than 20% below its record set early this year.
The S&P 500 dropped 2.4% in the first chance for investors to trade after getting the weekend to reflect on the stunning news that inflation is getting worse, not better. The Dow Jones Industrial Average was down 530 points, or 1.7%, at 30,876, as of 12:37 p.m. Eastern time, and the Nasdaq composite was 2.9% lower.
The center of Wall Street’s focus was again on the Federal Reserve, which is scrambling to get inflation under control. Its main method is to raise interest rates in order to slow the economy, a blunt tool that risks a recession if used too aggressively.
With the Fed seemingly pinned into having to get more aggressive, prices tumbled for everything from bonds to bitcoin, from New York to New Zealand, with the biggest winners of the early pandemic often taking the heaviest hits.
Some traders are even speculating the Fed on Wednesday may raise its key short-term interest rate by three-quarters of a percentage point. That’s triple the usual amount and something the Fed hasn’t done since 1994. Traders now see a nearly 33% probability of such a mega-hike, up from just 3% a week ago, according to CME Group.
No one thinks the Fed will stop there, with markets bracing for a continued series of bigger-than-usual hikes. Those would come on top of some already discouraging signals about the economy and corporate profits, including a record-low preliminary reading on consumer sentiment that was soured by high gasoline prices.
It’s all a sharp turnaround from earlier in the pandemic, when central banks worldwide slashed rates to record lows and made other moves that propped up prices for stocks and other investments in hopes of juicing the economy.
Such expectations are also sending U.S. bond yields to their highest levels in years. The two-year Treasury yield shot to 3.19% from 3.06% late Friday, its second straight major move higher. It’s more than quadrupled this year and touched its highest level since 2008.
The 10-year yield jumped to 3.32% from 3.15%, and the higher level will make mortgages and many other kinds of loans for households and for businesses more expensive. It has more than doubled this year.
The gap between the two-year and 10-year yields has also narrowed, a signal of decreased optimism about the economy in the bond market. If the two-year yield tops the 10-year yield, some investors see it as a sign of a looming recession.
The pain for markets was worldwide as investors braced for more aggressive moves from a coterie of central banks.
In Asia, indexes fell at least 3% in Seoul, Tokyo and Hong Kong. Stocks there were also hurt by worries about COVID-19 infections in China, which could push authorities to resume tough, business-slowing restrictions.
In Europe, Germany’s DAX lost 2.4%, and the French CAC 40 fell 2.7%. %.
Some of the biggest hits came for cryptocurrencies, which soared early in the pandemic when record-low interest rates encouraged some investors to pile into the riskiest investments. Bitcoin tumbled more than 14% from a day earlier and dropped below $23,973, according to Coindesk. It’s back to where it was in late 2020 and down from a peak of $68,990 late last year.
On Wall Street, the S&P 500 was 20.6% below its record set early this year. If it finishes the day more than 20% below that high, it would enter what investors call a bear market.
Bears hibernate, so bears represent a market that’s retreating, said Sam Stovall, chief investment strategist at CFRA. In contrast, Wall Street’s nickname for a surging stock market is a bull market, because bulls charge, Stovall said.
The last bear market wasn’t that long ago, in 2020, but it was an unusually short one that lasted only about a month. The S&P 500 got close to a bear market last month, briefly dipping more than 20% below its record, but it didn’t finish a day below that threshold.
This would also be the first bear market for many novice investors who got into stock trading for the first time after the pandemic’s start, a period when stocks largely seemed to go only up. That is, they did until inflation showed that it was worse than just a “transitory” problem as initially portrayed.
Michael Wilson, a strategist at Morgan Stanley who’s been among Wall Street’s more pessimistic voices, is sticking with his view that the S&P 500 could fall to 3,400 even if the U.S. economy avoids a recession over the next year.
That would mark another roughly 10% drop from the current level, and Wilson said it reflects his view that Wall Street’s earnings forecasts are still too optimistic, among other things.
With soaring price tags at stores souring sentiment for shoppers, even higher-income ones, Wilson said in a report that “the next shoe to drop is a discounting cycle” as companies try to clear out built-up inventories.
Such moves would cut into their profitability, and a stock’s price moves up and down largely on two things: how much cash the company is generating and how much an investor is willing to pay for it.
The Fed’s moves factor heavily into that second part because higher rates make investors less willing to pay high prices for risky investments.
Economists at Deutsche Bank said they expect the Fed to hike rates by larger-than-usual amounts on Wednesday, again in July, then again in September and a fourth time in November. Just a week ago, before Friday’s wake-up call of an inflation report, Wall Street was debating whether the Fed may take a pause on rate hikes in September. | https://cw33.com/news/nexstar-media-wire/stocks-tumble-worldwide-as-bear-market-looms-on-wall-street/ | 2022-06-13T18:09:08Z |
Which weed killer for flower beds is best?
Weeds in your flower beds are not only unsightly, but they also steal water, nutrients and sunlight from your flowers. If you pull weeds out or cut them down, they only grow back, which is why you need a weed killer, also known as an herbicide.
The ideal weed killer would be easily applied to the entire bed, killing every type of weed without harming a single flower. It hasn’t yet been invented yet, so look for the one that best meets your needs. If you are looking for a weed killer gel that applies like a stick deodorant, take a look at the Roundup Precision Gel Weed and Grass Killer.
What to know before you buy a weed killer for flower beds
How do weed killers work?
Potent chemicals in weed killers are absorbed by plants through their leaves, roots or both. Once inside the weed, the roots die first, then the leaves and stems. You can see the leaves show spots, turn brown and droop soon after the weed killer is applied. Most weeds take anywhere from three to seven days to shrivel up and die. Once they have dried out, they can easily be removed from your flower bed, along with their dead roots.
Form
- Liquids are the most effective weed killers.
- Gels have the advantage of sticking to weeds’ leaves and stems better than liquids but are much more costly.
- Powders are used to coat plants with a layer of dust and are best for treating large areas. Their big disadvantage is that they’re easily blown onto nearby flowers.
- Granules are also used mostly for covering large areas. They can be shaken from a container or used in a device that scatters them.
Type of application
- Spray: Spraying lets you apply weed killer directly to your targets with a minimum of fuss and without harming nearby flowers.
- Spreader: Powdered and granular weed killers are spread across large areas with the same devices used to broadcast seeds and fertilizers. Avoid weed killers that are applied this way because they will kill your flowers, too.
- Direct: Gels are applied directly to the weeds without coming in contact with your flowers. As with spraying, direct application lets you coat leaves and stems thoroughly.
Glyphosate
This is the most common chemical used in weed killers. If you use herbicides containing glyphosate, you will need to apply the poison with great care so you do not harm your flowers. Glyphosate works only on the leaves of living plants and cannot stop weed seeds from germinating and growing. When used according to directions on product labels, glyphosate does not pose any risk to adults.
What to look for in a quality weed killer for flower beds
What weeds is your weed killer best at killing?
Most gardeners don’t know as much about weeds as they do about flowers. Those who do can choose weed killers designed to target the specific weeds that invade their flower beds. Those who want to protect against all invasive weeds should choose general-purpose herbicides made to kill a wide variety of weeds.
How long will an application of weed killer last?
Look for weed killers formulated to continue to kill weeds for weeks and months. They generally cost more, but the need for less-frequent reapplication will pay off in the long run.s
Rain resistance
Sometimes rain comes right after you’ve applied weed killer. If yours is not rainproof, it will wash away before it can do its job. Look for promotional and packaging information that tells you how well the weed killer stands up to rain.
Dedicated sprayers
Many weed killers come in gallon jugs with built-in sprayers. Weeds are a never-ending menace, so serious gardeners buy separate sprayers and fill them with concentrate.
How much you can expect to spend on a weed killer for flower beds
Prices are determined mostly by the size of the container. Quart-size bottles of concentrate cost $10-$20. Gallon jugs with spray mechanisms cost $10-$30. The exception is gels, where 5-ounce sticks cost $25-$30.
Weed killer for flower beds FAQ
Can I use any kind of weed killer on my flower beds?
A. It is best to use only weed killers that say they are safe to use in close proximity to flowers and other vegetation.
Can a product that kills weeds be safe for humans?
A. You will be safe if you follow all the directions printed on the label. Wearing gloves and a mask is always a good idea around any kind of poison or harsh chemicals.
What’s the best weed killer to buy for flower beds?
Top weed killer for flower beds
Roundup Precision Gel Weed and Grass Killer
What you need to know: This precision gel is used to treat weeds one by one.
What you’ll love: You can use it much as you would a gel-stick deodorant. It only kills what it touches, not nearby plants. This makes it easy to use in places that are hard to reach and safe to use in your flower beds.
What you should consider: Applying gels to individual plants is the most labor-intensive method of weed control and the most expensive, too.
Where to buy: Sold by Home Depot
Top weed killer for flower beds for the money
Spectracide 96451 Weed & Grass Killer Concentrate
What you need to know: This highly concentrated solution focuses on weeds and grasses while ignoring flowers.
What you’ll love: The product becomes rainproof within 15 minutes of application and visible results happen in as little as three hours. Within only one day, the targeted area is capable of supporting fresh plant growth. Make sure this weed killer is undisturbed for a week so it can do its job.
What you should consider: Results come quickly, but weeds will grow back every few weeks.
Where to buy: Sold by Amazon
Worth checking out
Green Gobbler Natural and Organic 20% Vinegar Glyphosate-Free Herbicide
What you need to know: This spray uses acetic acid made from ethanol to kill crabgrass, dandelions, clover, moss and more.
What you’ll love: It’s certified for organic use and has no toxic or cancer-causing chemicals. Use the built-in sprayer to kill annual and perennial weeds within a few hours. You can buy it in quart bottles, gallon jugs and 5-gallon tubs.
What you should consider: The sprayer produces a mist and does not adjust to deliver a stream.
Where to buy: Sold by Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/lawn-garden-br/lawn-care-br/best-weed-killer-for-flower-beds/ | 2022-06-24T15:08:56Z |
Lincoln Memorial celebrates its 100th anniversary
Published: May. 30, 2022 at 9:50 AM CDT|Updated: 1 hour ago
(CNN) - People across the country are celebrating the 100th anniversary of the Lincoln Memorial in Washington, D.C.
About 50,000 people were at the memorial when it first opened on the National Mall on May 30, 1922.
The memorial features a 19-foot high-seated statue of former President Abraham Lincoln. It also includes engravings of the Gettysburg Address and his second inaugural address. These are considered to be two of his greatest speeches.
The Lincoln Memorial has been the backdrop of national celebrations and pivotal moments in U.S. history, notably the civil rights movement.
The National Park Service is celebrating with a number of special events Monday.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.kxii.com/2022/05/30/lincoln-memorial-celebrates-its-100th-anniversary/ | 2022-05-30T16:15:55Z |
DALLAS (KDAF) — One of the largest grocery store chains in the country is making its move in Dallas after opening its newest customer fulfillment center to redefine its customers’ experience in the DFW area.
Kroger Delivery will aim to bring the freshest food and quality ingredients right to its customers’ doorsteps. Bill Bennett, Kroger Vice President and Head of E-commerce said, “Customers can use Kroger.com or the Kroger app to check the weekly circular, select personalized digital coupons, search products by dietary preference and ultimately place their delivery order, saving time and money.”
Along with this announcement will come hundreds of jobs to the area, economic development and according to Dallas Mayor Eric Johnson, “…greater access to fresh groceries for all of our residents, including those in our historically underserved and overlooked communities. Together, we are building a more vibrant and more equitable city.”
Those in DFW will also have access to Kroger’s new Boost by Kroger membership program. A press release explains, “For either $59 or $99 per year, Boost provides customers with benefits like unlimited free delivery on orders of $35 or more and two Fuel Points for every $1 spent on groceries and general merchandise purchases through Delivery, Pickup and in-stores. Kroger estimates the membership can save customers more than $1,000 per year on fuel and grocery delivery.”
For more on this announcement, click here.
Mayor Eric Johnson shares excitement in Kroger’s investment in Dallas
The mayor wrote in a tweet, “Dallas is the place to be right now. That’s why @kroger invested in southern Dallas with a new Customer Fulfillment Center. This means hundreds of jobs, economic growth, and access to fresh groceries for ALL of our communities. Very exciting to help officially open it today!” | https://cw33.com/news/local/grocery-store-giant-kroger-announces-delivery-service-available-in-dallas/ | 2022-07-28T17:31:20Z |
UVALDE, Texas (AP) — An 18-year-old gunman opened fire Tuesday at a Texas elementary school, killing at least 19 children as he went from classroom to classroom, officials said, in the deadliest school shooting in nearly a decade and the latest gruesome moment for a country scarred by a string of massacres. The attacker was killed by law enforcement.
The death toll also included two adults, authorities said. Gov. Greg Abbott said one of the two was a teacher.
The assault at Robb Elementary School in the heavily Latino town of Uvalde was the deadliest shooting at a U.S. school since a gunman killed 20 children and six adults at Sandy Hook Elementary in Newtown, Connecticut, in December 2012.
Hours after the attack, families were still awaiting word on their children.
Outside the town civic center, where families were told to await news about their loved ones, the silence was broken repeatedly by screams and wailing. “No! Please, no!” one man yelled as he embraced another man.
“My heart is broken today,” said Hal Harrell, the school district superintendent. “We’re a small community, and we’re going to need your prayers to get through this.”
Adolfo Cruz, a 69-year-old air conditioning repairman, was still outside the school as the sun set, seeking word on his 10-year-old great-granddaughter, Elijah Cruz Torres.
He drove to the scene after receiving a terrifying call from his daughter shortly after the first reports of the shooting. He said other relatives were at the hospital and the civic center.
Waiting, he said, was the heaviest moment of his life.
“I hope she is alive,” Cruz said.
The attack came just 10 days after a deadly, racist rampage at a Buffalo, New York, supermarket that added to a yearslong series of mass killings at churches, schools and stores. And the prospects for any reform of the nation’s gun regulations seemed as dim, if not dimmer, than in the aftermath of the Sandy Hook deaths.
But President Joe Biden appeared ready for a fight, calling for new gun restrictions in an address to the nation hours after the attack.
“As a nation we have to ask, when in God’s name are we going to stand up to the gun lobby? When in God’s name are we going to do what has to be done?” Biden asked. “Why are we willing to live with this carnage?”
Many of the wounded were rushed to Uvalde Memorial Hospital, where staff members in scrubs and devastated victims’ relatives could be seen weeping as they walked out of the complex.
Officials did not immediately reveal a motive, but they identified the assailant as Salvador Ramos, a resident of the community about 85 miles (135 kilometers) west of San Antonio. Law enforcement officials said he acted alone.
The attack came as Robb Elementary was counting down to the last days of the school year with a series of themed days. Tuesday was to be “Footloose and Fancy,” with students wearing nice outfits and shoes.
The school has nearly 600 students in second, third and fourth grades. The vast majority of the students are Latino.
Ramos had hinted on social media that an attack could be coming, according to state Sen. Roland Gutierrez, who said he had been briefed by state police. He noted that the gunman “suggested the kids should watch out.”
Before heading to the school, Ramos killed his grandmother with two military-style rifles he purchased on his birthday, Gutierrez said.
“That was the first thing he did on his 18th birthday,” he said. Other officials said later that the grandmother had survived, and was being treated, through her condition was not known.
Investigators believe Ramos posted photos on Instagram of two guns he used in the shooting, and they were examining whether he made statements online alluding to the attack in the hours before the assault, a law enforcement official said.
Law enforcement officers were serving multiple search warrants Tuesday night and gathering telephone and other records, the official said. Investigators were also attempting to contact Ramos’ relatives and were tracing the firearms.
The official could not discuss details of the investigation publicly and spoke to The Associated Press on condition of anonymity.
The attack began about 11:30 a.m., when the gunman crashed his car outside the school and ran into the building, according to Travis Considine, a spokesman for the Texas Department of Public Safety. A resident who heard the crash called 911, and two local police officers exchanged gunfire with the shooter.
Both officers were shot, though it was not immediately clear where on the campus that confrontation occurred, or how much time elapsed before more authorities arrived on the scene.
Meanwhile, teams of Border Patrol agents raced to the school, including 10 to 15 members of a SWAT-like tactical and counter-terrorism unit, said Jason Owens, a top regional official with the Border Patrol.
One Border Patrol agent who was working nearby when the shooting began rushed into the school without waiting for backup and shot and killed the gunman, who was behind a barricade, according to a law enforcement official speaking on condition of anonymity because he was not authorized to talk about it.
The agent was wounded but able to walk out of the school, the law enforcement source said.
Owens confirmed that an agent suffered minor injuries, but would not provide details of that confrontation.
He said some area agents have children at Robb Elementary.
“We have Border Patrol kids that go to this school. It hit home for everybody,” he said.
It was not immediately clear how many people were wounded, but Uvalde Police Chief Pete Arredondo said there were “several injuries.” Earlier, Uvalde Memorial Hospital said 13 children were taken there. Another hospital reported a 66-year-old woman was in critical condition.
Uvalde, home to about 16,000 people, is about 75 miles (120 kilometers) from the border with Mexico. Robb Elementary is in a mostly residential neighborhood of modest homes.
The tragedy in Uvalde was the deadliest school shooting in Texas history, and it added to a grim tally in the state, which has been the site of some of the deadliest shootings in the U.S. over the past five years.
In 2018, a gunman fatally shot 10 people at Santa Fe High School in the Houston area. A year before that, a gunman at a Texas church killed more than two dozen people during a Sunday service in the small town of Sutherland Springs. In 2019, another gunman at a Walmart in El Paso killed 23 people in a racist attack targeting Hispanics.
The shooting came days before the National Rifle Association annual convention was set to begin in Houston. Abbott and both of Texas’ U.S. senators were among elected Republican officials who were the scheduled speakers at a Friday leadership forum sponsored by the NRA’s lobbying arm.
In the years since Sandy Hook, the gun control debate in Congress has waxed and waned. Efforts by lawmakers to change U.S. gun policies in any significant way have consistently faced roadblocks from Republicans and the influence of outside groups such as the NRA.
A year after Sandy Hook, Sens. Joe Manchin, a West Virginia Democrat, and Patrick J. Toomey, a Pennsylvania Republican, negotiated a bipartisan proposal to expand the nation’s background check system. But the measure failed in a Senate vote, without enough support to clear a 60-vote filibuster hurdle.
Then-President Barack Obama, who had made gun control central to his administration’s goals after the Newtown shooting, called Congress’ failure to act “a pretty shameful day for Washington.”
Last year, the House passed two bills to expand background checks on firearms purchases. One bill would have closed a loophole for private and online sales. The other would have extended the background check review period. Both languished in the 50-50 Senate, where Democrats need at least 10 Republican votes to overcome objections from a filibuster.
___
Eugene Garcia and Dario Lopez-Mills in Uvalde, Jake Bleiberg in Dallas, Ben Fox, Michael Balsamo and Eric Tucker in Washington, Paul J. Weber in Austin, Juan Lozano in Houston, Gene Johnson in Seattle and Rhonda Shafner in New York contributed to this report.
___
More on the school shooting in Uvalde, Texas: https://apnews.com/hub/school-shootings | https://cw33.com/news/u-s-news/ap-u-s-headlines/hospital-2-dead-after-shooting-at-uvalde-texas-school/ | 2022-05-25T08:07:47Z |
Leader in Fundraising Consulting Examines US Philanthropic Trends Amid Steady Giving in
2022 Report
NEW YORK, Sept. 1, 2022 /PRNewswire/ -- CCS Fundraising released the eleventh edition of its Snapshot of Today's Philanthropic Landscape report, the premier resource for nonprofits and associations that compiles and analyzes industry research. The report provides commentary and a synthesis of the current state of philanthropy in the U.S. from the country's leading fundraising and philanthropy experts to help nonprofit leaders create informed and nimble fundraising strategies.
CCS's 2022 report takes a deep dive into what a "new normal" for philanthropy looks like after the onset of the COVID-19 pandemic, analyzes which changes from the initial period of disruption seem likely to endure, and reveals what new and reemerging trends nonprofit leaders and fundraisers will want to monitor.
"In this year's report, we assess key areas that nonprofit leaders and fundraisers will want to examine as part of their planning and strategy setting," said Aashika Patel, CCS Senior Vice President, and Report Co-Chair. "Particularly, we offer greater insight on gift planning, high net worth giving, and emerging digital fundraising trends that are becoming more prominent in the philanthropic ecosystem."
Even without accounting for the spike in charitable giving in 2020, Americans are increasingly generous when assessing multi-year trends. Overall, charitable giving increased by 7.1% from 2019 to 2021. However, in June 2022, Giving USA released their estimate which showed that U.S. charitable giving remained relatively flat from 2020 to 2021, settling at $484.85 billion.
Tom Kissane, CCS Vice Chairman and Report Co-Chair, remarked on important considerations for fundraising professionals. "As fundraising practitioners, we remain inspired and grateful for the unprecedented generosity of Americans, our foundation partners, and corporate supporters. Despite the extremely challenging period of the last few years, nonprofits sustained their extraordinary missions and, in many ways, advanced compelling aspirations through the use of innovative digital fundraising and meaningful connection strategies between donors and their organizations. We applaud our clients, partners, development colleagues, and nonprofit leaders for the tremendous resilience and determination to strengthen their organizations to fulfill the promise of their respective missions."
The report discusses essential findings from across the field of philanthropic research, including:
- Individuals, foundations, and corporations donated $484.85 billion in 2021
- Giving in six out of ten charitable sectors saw an increase from 2020 to 2021
- Individuals continue to drive US philanthropy, contributing $326.87 billion in 2021
- The amount donated by individuals has increased, but the number of donors has decreased
- Foundation giving decreased by 1.2% to $90.88 billion in 2021
- Corporate philanthropy was the fastest-growing giving source at 18.3%, totaling $21.08 billion
- Bequest giving declined by 11.4% to $46.01 billion
- Grants from DAFs reached $34.67 billion, a new high
A copy of the CCS 2022 Snapshot of Today's Philanthropic Landscape can be found here.
CCS Fundraising is a strategic consulting firm that has partnered with nonprofits for transformational change for 75 years. CCS Fundraising provides a wide range of services that support and strengthen nonprofit fundraising programs, including campaign management, strategic planning, data analytics, and major gift strategy. The firm's experts, skilled in campaign and development strategy, work closely with organizations of all sizes across nonprofit sectors and geographies.
MEDIA CONTACT:
Owen Evans
owen.evans@berlinrosen.com
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SOURCE CCS Fundraising | https://www.wibw.com/prnewswire/2022/09/01/ccs-fundraising-releases-11th-annual-philanthropic-landscape-report/ | 2022-09-01T16:41:57Z |
- Pioneers in the blockchain industry, OpenSea, Chainalysis and Polygon are setting the foundation for Web3.
- Celebrity-led cannabis brands Monogram and Houseplant are bringing sophistication to the space as they emerge into the spotlight.
- Brands including Arcadia and Folx Health are prime examples of how technology is supporting the climate and health industries to propel them forwards.
NEW YORK, June 21, 2022 /PRNewswire/ -- Interbrand, the world's leading brand consultancy, today launched its 2022 Breakthrough Brands Report – with Web3, Climate Tech and boutique health brands set to go mainstream.
The influential Breakthrough Brands Report reveals the 30 innovative brands that are set to disrupt the US market. This is the 5th edition of the report, which has a track record of successfully identifying game-changing challenger brands before they become household names. Previous years' Breakthrough Brands have included Miro and Athletic Brewing (2021), A24 and Maven Clinic (2020), Square and Slack (2017), and Sweetgreen and Headspace (2016), all of which have seen exponential growth since being featured in Interbrand's previous reports.
The brands included in this year's report span a range of fast-growing industries, including celebrity-led cannabis brands (Houseplant and Monogram), women's health (Tia and Kindbody), blockchain (Mythical Games, Bored Ape Yacht Club and MoonPay), and Climate Tech (Watershed, Arcadia and Pachama). More than 50% of 2022's Breakthrough Brands have founders or C-suite members who are women or people of color.
The three emerging topics from this year's Breakthrough Brands report are:
- The next generation of the internet: As Web3 is coming of age, blockchain-based companies are moving into new avenues such as NFTs and decentralized autonomous organizations. Brands like Polygon, Chainalysis and MoonPay are building the on-ramp to more users on Web3.
- Carbon measurement fuelling accountability: The conversation around climate change is becoming more focused on measurable action for decarbonization and reaching net-zero by 2050. Brands including Watershed, Planet Labs, and Doconomy are creating the software-based tools to help companies with their carbon accounting.
- Rebuilding the healthcare industry: Boutique health brands such as Folx Health, Thirty Madison, and Kindbody are reimagining the experience for different demographics that have been underserved while driving accessibility and reducing costs.
Daniel Binns, CEO, Interbrand New York, said: "After another year with many uncertainties being faced by businesses, we see genuine hope in so many innovative brands emerging across a range of sectors. We're expecting to see these brands continue to achieve impressive growth and become key disruptors within the US market."
Naeiri Zargarian, Strategy Director at Interbrand New York, said: "It's all about systems change – whether it is to decentralize the internet, demystify healthcare, or decarbonize the planet, these brands are laying the groundwork for the next decade."
Interbrand expanded its number of "Human Truths" metrics this year to include Diversity, Equity, and Inclusion (DE&I), Accessibility, and Sustainability. To conduct its analysis, Interbrand partnered with Infegy Atlas, Vox Media, and Circus.
The full report can be downloaded, here: https://interbrand.com/new-york/breakthrough-brands/
Interbrand's Breakthrough Brands 2022:
100 Thieves - Esports hype brand
Arcadia - API-based energy measurement
Axie Infinity - Play-to-earn gaming
Boom Supersonic - Bringing back supersonic flight
Bored Ape Yacht Club - Blockbuster NFT community
Chainalysis - Blockchain compliance
Daring Foods - Plant-based chicken
Doconomy - Financially incentivized decarbonization
Eat Just - High fidelity vegan eggs
Figment - Blockchain infrastructure and services
Folx Health - Healthcare for LGBTQIA+
Houseplant - Mid-century cannabis lifestyle products
JuneShine - Hard kombucha
Kindbody - End-to-end fertility care
Masterworks - Art investment platform
Monogram - Jay-Z's cannabis brand
MoonPay - Payments infrastructure for crypto
Mythical Games - Blockchain-based gaming studio
Nomi Health - Streamlining healthcare operations
OpenSea - NFT marketplace
Pachama - Forest-centric carbon accounting
PARK - Social impact sports brand
Planet Labs - Satellite imaging to track climate change
Polygon - Ethereum scaling infrastructure
Thirty Madison - House of brands focused on chronic conditions
Tia - Holistic and digital-first women's healthcare
Too Good To Go - Creating a circular food economy
Watershed - Holistic carbon measurement for businesses
Whatnot - Livestream auctions
YouthForia - TikTok approved clean beauty
For more information, please contact:
Emma Walkom, emma@pumpkin.uk.com, +44 (0) 7531474626
interbrand@pumpkin.uk.com
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SOURCE Interbrand Group | https://www.kxii.com/prnewswire/2022/06/21/interbrand-launches-2022-breakthrough-brands-report-showcasing-30-emerging-brands-that-will-disrupt-us-market/ | 2022-06-21T04:43:06Z |
GOP’s Graham unveils nationwide abortion ban after 15 weeks
WASHINGTON (AP) — Upending the political debate, Republican Sen. Lindsey Graham introduced a nationwide abortion ban Tuesday, sending shockwaves through both parties and igniting fresh debate on a fraught issue weeks before the midterm elections that will determine control of Congress.
Graham’s own Republican party leaders did not immediately embrace his abortion ban bill, which would prohibit the procedure after 15 weeks of pregnancy with rare exceptions, and has almost no chance of becoming law in the Democratic-held Congress. Democrats torched it as extreme, an alarming signal of where “MAGA” Republicans are headed if they win control of the House and Senate in November.
“America’s got to make some decisions,” Graham said at a press conference at the Capitol.
The South Carolina Republican said rather than shying away from the Supreme Court’s ruling this summer overturning Roe vs. Wade’s nearly 50-year right to abortion access, Republicans are preparing to fight to make a nationwide abortion ban federal law.
“Oh, no, no, no, no, no, no, we’re going nowhere,” the senator said flanked by women advocates from the anti-abortion movement. “We welcome the debate. We welcome the vote in the United States Senate as to what America should look like in 2022.”
Reaction was swift, fierce and unwavering from Democrats who viewed Graham’s legislation as an extreme example of the far-right’s hold on the GOP, and as a political gift of self-inflicted pain for Republican candidates now having to answer questions about an abortion ban heading toward the midterm elections.
“A nationwide abortion ban — that’s the contrast between the two parties, plain and simple,” said Senate Majority leader Chuck Schumer.
Sen. Patty Murray, a Democrat from Washington who is in her own fight for reelection, said Republicans “want to force” women to stay pregnant and deliver babies.
“To anyone who thought they were safe, here is the painful reality,” she said. “Republicans are coming for your rights.”
The sudden turn of events comes in a razor-tight election season as Republicans hoping to seize control of Congress are struggling to recapture momentum, particularly after the Supreme Court’s landmark decision sparked deep concerns among some voters, with signs of women voters peeling away from the GOP.
In a midterm election where the party out of the White House traditionally holds an advantage, even more so this year with President Joe Biden’s lackluster approval ratings, the Democrats have regained their own momentum pushing back the GOP candidates in House and Senate races.
Tuesday’s announcement set up an immediate split screen with Biden and Democrats poised to celebrate their accomplishments in a ceremony at the White House after passage of the Inflation Reduction Act and Republicans forced to answer for Graham’s proposed abortion ban.
“This bill is wildly out of step with what Americans believe,” said White House press secretary Karine Jean-Pierre in a statement.
“While President Biden and Vice President Harris are focused on the historic passage of the Inflation Reduction Act to reduce the cost of prescription drugs, health care, and energy – and to take unprecedented action to address climate change – Republicans in Congress are focused on taking rights away from millions of women,” Jean-Pierre said.
Graham’s legislation has almost zero chance of becoming law, but it elevates the abortion issue at a time when other Republicans would prefer to focus on inflation, border security and Biden’s leadership.
The Republican bill would ban abortions nationwide after 15 weeks of pregnancy, expect in cases of rape, incest or risks to the physical health of the mother. Graham said it would put the U.S. on par with many other countries in Europe and around the world.
In particular, Graham’s bill would leave in place state laws that are more restrictive. That provision is notable because many Republicans have argued the Supreme Court’s ruling leaves the abortion issue for the states to decide. But the legislation from the Republicans makes it clear states are only allowed to decide the issue if their abortion bans are more stringent.
Senate Republican leader Mitch McConnell, who is one seat away from majority control, declined to embrace Graham’s legislation.
“I think every Republican senator running this year in these contested races has an answer as to how they feel about the issue,” McConnell said. “So I leave it up to our candidates who are quite capable of handling this issue to determine for them what their response is.”
The Democratic senators most at risk this fall and other Democratic candidates running for Congress appeared eager to fight against Graham’s proposed nationwide abortion ban.
Sen. Catherine Cortez Masto, the Democrat from Nevada tweeted that Graham “and every other anti-choice extremist can take a hike.”
Her Republican opponent, Adam Laxalt, has during his campaign insisted that abortion is protected in the state constitution, which it would no longer be under this bill.
In Colorado, another Democratic up for reelection, Sen. Michael Bennet, tweeted: “A nationwide abortion ban is outrageous. "
Bennet pledged “to defend a woman’s right to make her own health care decisions, no matter what ZIP code she lives in. We cannot afford to let the Republicans take back the Senate.”
His opponent in Colorado, Republican Senate hopeful Joe O’Dea, who supports putting abortion access that had been guaranteed under Roe vs. Wade into law, agreed, in part: “A Republican ban is as reckless and tone deaf as is Joe Biden and Chuck Schumer’s hostility to considering any compromise on late term abortion, parental notification or conscience protections for religious hospitals.”
The races for control of Congress are tight in the split 50-50 Senate where one seat determines majority control and the House, where Speaker Nancy Pelosi can afford to lose only a very few seats.
Pelosi called Graham’s bill the “clearest signal of extreme MAGA Republicans’ intent to criminalize women’s health freedom in all 50 states and arrest doctors for providing basic care. Make no mistake: if Republicans get the chance, they will work to pass laws even more draconian than this bill.”
Republican leaders on Capitol Hill tried to hold the party together amid the differences.
“I think that what it’s attempting to do is probably change the conversation a little bit,” said Sen. John Thune, a Republican from South Dakota, and second-ranking party leader.
“Democrats are implying that all Republicans are for a ban without exceptions, and that’s not true,” Thune said. “There are Republicans who are in favor of restrictions. And I think this is an attempt to at least put something out there that reflects the views of a lot of Republicans who are in favor of some restrictions.”
___
Associated Press writers Kevin Freking in Washington and Nick Riccardi in Denver contributed to this report.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.wibw.com/2022/09/13/gops-graham-unveils-nationwide-abortion-ban-after-15-weeks/ | 2022-09-13T19:59:09Z |
TORONTO, June 8, 2022 /PRNewswire/ - On September 7, 2002, Ira Nayman launched Les Pages aux Folles, a website of political and social satire. The first week in September, 2022 will mark the 20th anniversary of the site, likely the longest regularly updated comedy website created by a single person.
Initially, Nayman had hoped to become a newspaper satirist in the vein of his hero, Art Buchwald. In 2002, a good friend pointed out to him that it was odd that his PhD dissertation explored the issue of fiction writers who used the World Wide Web to distribute their work, yet he was a fiction writer with experience online who did not.
You can't argue with logic like that.
By its 20th anniversary, Les Pages aux Folles will be comprised of 38 collections of satirical articles (13 of which have been self-published in print) and nine books of cartoons. It will contain over 3,500 individual pieces of writing comprised of between two and a quarter and two and a half million words. A poem that appeared on the site won the 2010 Jonathan Swift Satire Writing contest.
"It is quite an accomplishment when you consider that over 90 per cent of personal blogs are abandoned within six months of their creation," Nayman pointed out.
To celebrate his achievement, Nayman has produced "12 From 20," a series of ebooks that will be released throughout the anniversary year. Each book will focus on a different feature of Les Pages aux Folles, begin with an introduction discussing the evolution of the feature and conclude with "The Back Story," which outlines the history of the project.
Ira Nayman has also had eight novels published by Elsewhen Press, most recently The Ugly Truth. The short story "Girls Rule the Steampunk World!", his 22nd, was published in Brave New Girls: Chronicles of Misses and Machines. He also edited Amazing Stories magazine for three years.
Is satire still relevant in a post-truth era? "More than ever!" Nayman, student of comedy as well as practitioner, enthused. "The worse reality gets, the greater is our need for cathartic laughter!"
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SOURCE Les Pages aux Folles | https://www.wibw.com/prnewswire/2022/06/08/canadian-satirist-set-achieve-online-world-record/ | 2022-06-08T16:08:31Z |
Report: Police knew of injured at Texas school while waiting
AUSTIN, Texas (AP) — Police waited for protective equipment as they delayed entering the Texas elementary school where a gunman inside killed 19 children and two teachers, even as they became aware that some victims needed medical treatment, according to records obtained by The New York Times.
The details published Thursday by the Times provided a clearer picture of the slow law enforcement response as the massacre unfolded at Robb Elementary School in Uvalde, Texas. Police waited more than hour to confront the gunman, even as anguished parents outside the school urged officers to go inside.
Pete Arredondo, the Uvalde school district police chief, led the response on the scene of the May 24 shooting. A man who investigators believe to be Arredondo could be heard on body camera footage talking about how much time was passing.
“People are going to ask why we’re taking so long,” said the man, according to a transcript of officers’ body camera footage obtained by the newspaper. “We’re trying to preserve the rest of the life.”
Sixty officers had assembled on the scene by the time four officers made entry, according to the report. The two classrooms where the shooting took place included 33 children and three teachers.
Not all the victims were found dead when officers finally went inside: one teacher died in an ambulance and three children died at nearby hospitals, according to the records obtained by the Times, which included a review of law enforcement documents and video that have been gathered as part of the investigation.
The family of Xavier Lopez, 10, said the boy had been shot in the back and lost a lot of blood as he waited for medical attention.
“He could have been saved,” Leonard Sandoval, the boy’s grandfather, told the newspaper. “The police did not go in for more than an hour. He bled out.”
Steven McCraw, the head of the Texas Department of Public Safety, has said Arredondo made the “wrong decision” to not order officers to breach the classroom more quickly to confront the 18-year-old gunman. On Thursday, McCraw was interviewed behind closed doors at the Texas Capitol by a legislative committee tasked with investigating the shooting.
Arredondo has not responded to repeated interview requests and questions from The Associated Press.
Law enforcement and state officials have struggled to present an accurate timeline and details, and made frequent corrections to previous statements. No information about the police response has been formally released since the days that followed the attack.
But the records obtained by the Times offered new details, including that the gunman, Salvador Ramos, had a “hellfire” trigger device meant to allow a semiautomatic AR-15-style rifle to be fired more like an automatic weapon, but did not appear to have used it during the attack. Ramos had spent more than $6,000 amassing an arsenal of weapons that included two AR-15-style rifles, accessories and hundreds of rounds of ammunition, according to the documents.
The Times reported that some of the officers who first arrived at the school had long guns, and that Arredondo learned the gunman’s identity while inside the school and attempted to communicate with him through the closed classroom doors.
Eva Mireles, one of the teachers who was killed, made a phone call to her husband, a Uvalde school district police officer, during the attack. The documents obtained by the Times show that Ruben Ruiz informed responders on the scene that his wife was still alive in one of the classrooms.
“She says she is shot,” Ruiz could be heard telling other officers as he arrived inside the school at 11:48 a.m., according to the body camera transcript.
By 12:46 p.m., Arredondo gave his approval for officers to enter the room.
“If y’all are ready to do it, you do it,” he said, according to the transcript.
___
More on the school shooting in Uvalde, Texas: https://apnews.com/hub/uvalde-school-shooting
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/06/09/report-police-knew-injured-texas-school-while-waiting/ | 2022-06-10T00:46:02Z |
Three Bell County bicyclists are headed north to Wichita Falls this weekend for the Hotter ‘N Hell Hundred — a 100-mile bicycle ride that is historically held in 100-degree heat.
This year, Dr. Stephen Sewell, Rod Houston and Frank Jennings will dedicate their one-day ride, beginning on Saturday, to Family Promise of East Bell County. It is the second straight year for them to do so.
Houston, the board director for Family Promise of East Bell County, said their team is aiming to spread awareness about the Temple-based nonprofit organization while also fundraising for its ongoing initiatives.
“Family Promise’s work is so incredible, and it means so much to us,” he said. “It’s our goal to raise an additional $100,000 to divert families from homelessness and to help those who have become homeless to move through the Guest Shelter Program and go on to live productive lives. We encourage anyone who can to support our effort at $1, $10 or more per mile online at familypromisebellcounty.org/donate.”
Rucker Preston, the executive director of Family Promise of East Bell County, is appreciative of the outpouring of support that area residents — like Houston, Jones, Jennings and Sewell — have repeatedly shown over the last couple of years.
“It’s amazing to be in a community where so many people and leaders care about children and families who are homeless, the most vulnerable of our neighbors,” he said. “Our desire is to serve every child and family who comes to us for help during the crisis of homelessness, empowering them on to a new life of self-sustainability.”
Preston stressed how Family Promise of East Bell County — which provided 1,735 nights of shelter and meals to families experiencing homelessness in the first half of 2022 — would not be able to succeed in the work that it does daily without the generosity from Bell County residents, churches and organizations.
“With a higher demand for services, more resources are required,” he said. “We’re excited to be able to serve twice as many people when we open the Promise House later this year.”
Online donations may be made to Family Promise of East Bell County for family service programs, for room furnishings at The Promise House, or for the second phase of construction at The Promise House site — a projected $1.5 million project that will include eight transitional homes for families that completed the nonprofit’s “guest program.”
“The transitional homes will serve as an interim stage for families who step into a higher level of independence while looking for a long-term housing solution,” Family Promise of East Bell County posted to its website. | https://www.tdtnews.com/news/central_texas_news/article_b4299a48-24bd-11ed-8c35-8b33b7ffa5d6.html | 2022-08-25T23:27:11Z |
TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01
VANCOUVER, BC, April 11, 2022 /PRNewswire/ - DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSX.V: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01) From the President of the Company.
The Company is pleased to announce that it is mobilizing the cased hole logging work on Wells #5, #6 and #7. DME will be utilizing additional cased hole logging tools to further increase our team's knowledge and correlate the mass spectrometer, gas chromatograph readings, geo logs, mineralogical descriptions and open hole logs. The Company anticipates having the completion rig moved onto the McCauley Helium Field location by the middle of next week.
"We are confident with the progress our team has made so far," says Robert Rohlfing, CEO of Desert Mountain Energy Corp. "They've done an excellent job and we are on schedule with moving the Company closer to production in 2022."
Desert Mountain Energy Corp. is a publicly traded resource company primarily focused on exploration, development and production of helium, hydrogen and noble gases. The Company is primarily looking for elements deemed critical to the renewable energy and high technology industries.
We seek safe harbor
"Robert Rohlfing"
Robert Rohlfing
Exec Chairman & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in polices of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations.
This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward looking statements and information herein include but are not limited to statements regarding the Company's anticipated performance in the future the planned exploration activities, receipt of positive results from drilling, the completion of further drilling and exploration work, and the timing and results of various activities.
Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and the United States; financial risks due to helium prices, operating or technical difficulties in exploration and development activities; risks and hazards and the speculative nature of resource exploration and related development; risks in obtaining necessary licenses and permits, and challenges to the Company's title to properties.
Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the continued operation of the Company's exploration operations, no material adverse change in the market price of commodities, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not intend to, and nor does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.
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SOURCE Desert Mountain Energy Corp. | https://www.mysuncoast.com/prnewswire/2022/04/11/desert-mountain-energy-starts-cased-hole-completion-work-well-5-6-7/ | 2022-04-11T19:18:26Z |
TORRINGTON, Conn., July 7, 2022 /PRNewswire/ -- Therap Services provides a range of options for users to receive configurable notifications for various events in Scheduling/Calendar modules, so that service providers in the Long-Term Services and Supports (LTSS), Home and Community-Based Services (HCBS) and other human services settings can get essential reminders about their tasks, record important information promptly whenever they receive updates, act immediately during emergencies, and maintain an overall effective and reliable documentation for a robust healthcare system.
To receive notifications either through email, pager, mobile phone or Therap's HIPAA-compliant Secure Communications (SComm) module, users need to enable notification options as required. Users may enable the following options in their Settings tab:
- Notification Information - This option enables users to enter information about the type of media they would prefer to receive notifications through.
- Notification Profile - This option allows users to configure the modules and notification levels for which they want to receive notifications. After choosing a module, the events associated with it will be shown depending on the roles the users have in the module. Users can also select their preferred media for receiving alerts here.
- Default Notification Profile - This option allows the users with administrator roles to configure the user's notification settings.
Therap's Calendar module is designed to meet the requirements of staff and agencies to create reminders, appointments, events, meetings and upcoming activities as calendar slots. The Calendar is integrated with the Scheduling/Electronic Visit Verification (EVV) module. Users may also be able to view calendar entry Schedule Slots on Therap's mobile applications if Calendar, Scheduling, and Mobile Scheduling are enabled for the provider. Therap's Scheduling/EVV module has been designed to meet the needs of states and providers who need to build staff schedules, track staff hours, monitor individual service allocation and meet the upcoming federal EVV requirements.
Therefore, by enabling notifications for Calendar/Scheduling, users can receive reminders about EVV staff, admin and caseload check-ins and check-outs or if there are any late entries for their aforementioned tasks.
For more information on Therap's comprehensive Electronic Health Records, visit https://www.therapservices.net/products/comprehensive-electronic-health-records-for-service-providers/
Therap's comprehensive and HIPAA-compliant software is used in human services settings for documentation, communication, reporting, EVV and billing.
Learn more at www.therapservices.net.
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SOURCE Therap Services | https://www.kxii.com/prnewswire/2022/07/07/therap-offers-configurable-notification-options-schedulingcalendar-modules-assist-service-providers-receiving-alerts-regarding-various-events-meticulous-efficient-hcbs-ltss-documentation/ | 2022-07-07T18:28:33Z |
Key Service Can Help Drivers Stretch Each Gallon
CENTREVILLE, Va., July 19, 2022 /PRNewswire/ -- Gas prices are averaging nearly $5 a gallon and that means every drop counts. Drivers can stretch those gallons further, possibly saving hundreds of dollars a year. And it's not just their driving habits – there are maintenance items that can have a big impact on a vehicle's fuel efficiency.
CARFAX has compiled tips to maximize mileage, but how much can drivers really save? Let's say you drive 12,000 miles per year, your car averages 25 mpg, and gas is $5 per gallon; if you follow these maintenance and driving tips, you could save up to $600 a year. If your car has several issues, or you're usually an aggressive driver, your peak gas savings could be even higher.
How can you save? Start with maintenance. Here are seven tips:
- Properly inflate your tires. Make sure your tires have enough air to help optimize your car's fuel economy. If your car's tires are under-inflated, it can lower gas mileage. You can find your proper tire pressure in your car's owner's manual.
- Keep up with oil changes. Regular oil changes are key. If you want optimal fuel economy, your best bet is choosing the grade of motor oil recommended by your car's manufacturer.
- Use the right gas. As with oil, use the gas recommended by your car's manufacturer to achieve optimal fuel economy.
- Get tune-ups when needed. Common tune-up items such as replacing dirty fuel filters, checking hoses for leaks, and making sure the fuel injection system is operating efficiently will payoff at the pump.
According to the EPA, fixing an out of tune engine can improve your gas mileage up to 40%. You may think you're saving money in the short term by waiting to get the work done, but in fact, you're just burning cash. - Get low rolling resistance tires. "Rolling resistance" measures the amount of effort required to keep a tire rolling down the road. Fuel-efficient tires can reduce rolling resistance by well over 10% compared to conventional tires.
- Drop extra weight. According to the EPA, an extra 100 pounds in your vehicle diminishes gas mileage by about 1%. As the weight grows, so does the mileage reduction. And the impact is greater on smaller vehicles. If you keep your trunk cluttered, clear it out.
- Improve your car's aerodynamics. Roof-mounted cargo can reduce your fuel economy by as much as 25%, according to the EPA. If you use a cargo box, remove it when not in use.
If you're unsure of your vehicle's maintenance history, check out CARFAX Car Care to better understand how the car was previously maintained. CARFAX Car Care is a free tool to track your service history and future needs, with timely service reminders. Finally, take the long view – CARFAX data shows that a well-maintained car is worth an extra $2,000 in resale value over one that hasn't gotten its TLC.
When trying to save gas, behavior also matters. Lay off any aggressive driving tactics – speeding, sudden braking, or quick acceleration; these all hurt your fuel economy. Cruise control is a great tool, especially with highway driving, to maximize mileage. It also helps when you watch your speed – gas mileage falls fast at speeds over 50 mph. According to the EPA, each 5 mph over 50 mph is the equivalent of paying an extra 34 cents per gallon of gas.
For more information on how to save gas with good maintenance and driving habits:
www.carfax.com/blog/how-to-save-gas
About CARFAX
CARFAX, part of S&P Global Mobility, helps millions of people every day confidently shop, buy, service and sell used cars with innovative solutions powered by CARFAX vehicle history information. The expert in vehicle history since 1984, CARFAX provides exclusive services like CARFAX Used Car Listings, CARFAX Car Care, CARFAX History-Based Value and the flagship CARFAX® Vehicle History Report™ to consumers and the automotive industry. CARFAX owns the world's largest vehicle history database and is nationally recognized as a top workplace by The Washington Post and Glassdoor.com. Shop, Buy, Service, Sell – Show me the CARFAX™.
S&P Global Mobility is a division of S&P Global (NYSE: SPGI). S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets.
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SOURCE CARFAX | https://www.mysuncoast.com/prnewswire/2022/07/19/carfax-save-gas-amp-money-through-maintenance/ | 2022-07-19T15:03:19Z |
BUENOS AIRES, Aug. 9, 2022 /PRNewswire/ --
Note: For the figures included in their FFSS, the Company has accounted for the effects of inflation adjustment adopted by Resolution 777/18 of the Comisión Nacional de Valores ("CNV"), which establishes that the restatement will be applied to the annual financial statements, for intermediate and special periods ended as of June 30, 2018 inclusive. Accordingly, the reported figures corresponding to 1H22 include the effects of the adoption of inflationary accounting in accordance with IAS 29. Finally, comments related to variations of results of 1H22 and vs. 1H21 mentioned in this press release correspond to "figures restated by inflation" or "constant".
- The results included for comparative purposes (June 2021) contain the effect of the year over year inflation as of June 2022, which was 64.0%.
- Consolidated Revenues amounted to P$264,577 million in 1H22 (-10.4% in constant currency vs. 1H21), in a context of high inflation. Service Revenues totaled P$247,527 million (-9.7% in constant currency vs. 1H21).
- Mobile clients in Argentina reached 20.1 million in 1H22 (+0.8 million vs. 1H21), cable TV subscribers totaled approximately 3.5 million (-27 thousand vs. 1H21), while broadband accesses amounted to almost 4.2 million (-6 thousand vs. 1H21).
- Operating Income before Depreciation and Amortization amounted to P$80,846 million in 1H22 (-19.5% vs. 1H21), while our operating margin before D&A was 30.6%.
- The Company's Net Income amounted to P$31,879 million in 1H22 (vs. a loss of $2,742 million in 1H21). Our net financial results were positive and totaled P$38,691 million, while income tax charge was positive in P$1,579 million.
- Investments (including rights of use assets) reached P$45,219 million in 1H22, equivalent to 17.1% of our Consolidated Revenues.
- Net Financial Debt amounted to P$312,116 million in 1H22 (+0.5% in constant currency vs. 1H21).
* (in constant measuring unit – includes $6.526 million corresponding to additions of rights of use assets as of June 30, 2022)
**(Figures may not add up due to rounding)
*** (does not include IP telephony lines, which as of June 30, 2022 amounted to approximately 916 thousand)
Telecom Argentina S.A. ('Telecom Argentina') - (NYSE: TEO; BYMA: TECO2), announced today a net income of P$31,879 million for the period ended June 30, 2022 (+P$34,621 million vs. 1H21). The net income attributable to the controlling company was P$31,260 million (+P$34,548 million vs. 1H21).
Comparative figures for the previous fiscal year have been restated so that the resulting information is presented in the current measurement unit as of June 30, 2022.
The following table shows the evolution of the consumer price index (National CPI - according to INDEC's official statistics) as of June 30, 2022 and as of December 31, 2021 and 2020, which were used to restate the figures in constant currency:
During the 1H22, Consolidated Revenues amounted to P$264,577 million, from which Service Revenues totaled P$247,527 million.
Consolidated Operating Revenues
Mobile Services
As of June 30, 2022, total mobile customers in Argentina and Paraguay amounted to 22.3 million. In 1H22, total mobile services revenues represented P$103,718 million (-P$5,944 million vs. 1H21).
Mobile Services in Argentina
As of June 30, 2022, total mobile subscribers amounted to more than 20.1 million (+0.8 million vs. 1H21). Postpaid clients represented 42% of our subscriber base.
In 1H22, mobile service revenues in Argentina amounted to P$94,957 million (-2.7% vs 1H21). Mobile internet revenues were 87% of mobile service revenues. The average monthly revenue per user ('ARPU' – restated in constant currency as of June 30, 2022) amounted to P$779.2 during 1H22 (-9.5% vs. 1H21). The effect generated by the inflation adjustment as of June 30, 2022 (included in the ARPU) amounted to P$95.6 and P$379.9, for 1H22 and 1H21, respectively. Mobile churn was 2.4% (vs. 1.5% in 1H21).
Commercial Initiatives
The Company continued to enhance its customers' mobile Internet experience through the deployment of the 4G and 4G+ network throughout the country, reaching more than 14.6 million customers with 4G devices. During 1H22, the traffic carried by 4G technologies represented 95% of total traffic.
Personal in Paraguay ('Núcleo')
As of June 30, 2022, Núcleo's subscriber base reached 2.3 million clients. Prepaid and postpaid customers represented 81% and 19%, respectively.
Núcleo´s mobile service revenues during 1H22, amounted to P$8,761 million (-27.1% vs. 1H21), mainly due to a decrease in ARPU measured in constant pesos, which was partially offset by the appreciation of the Guaraní against the Argentine peso.
Cable TV Services
Cable TV service revenues were P$48,849 million in 1H22 (-P$9,635 million vs. 1H21). Cable TV subscribers totaled approximately 3.5 million (-27 thousand vs. 1H21). The monthly Cable TV ARPU (restated in constant currency as of June 30, 2022) reached P$2,240.0 during 1H22 (vs P$2,365.1 in 1H21). The effect generated by the restatement in terms of the measuring unit as of June 30, 2022 included in ARPU amounts to P$281.7 and P$1,046.6, for the 1H22 and 1H21, respectively. The average monthly churn during 1H22 and 1H21 was 1.3% and 1.0%, respectively.
Flow continued to strengthen its content offering by incorporating new products in music, national and international films, and gaming.
Additionally, we launched our new ISDB-T solution for analog pay TV customers, which allows the upgrade of their classic cable connection to digital without the need for a decoder box.
Fixed Telephony and Data Services
Revenues generated by fixed telephony and data services reached P$33,404 million in 1H22 (-P$9,041 million vs. 1H21).
The monthly fixed voice ARPU (restated in constant currency as of June 30, 2022) reached P$1,015.1 (vs. P$1,076.7 in 1H21). The effect generated by the restatement in terms of the measuring unit as of June 30, 2022, included in the ARPU amounted to P$131.7 and P$477.5 for the 1H22 and 1H21, respectively.
Regarding the B2B business, the corporate segment launched a new comprehensive communication campaign for its vertical Cloud during the quarter, focusing on the evolution and growth of the customers' e-commerce, logistics and stock platforms, among others.
Internet Services
Internet services revenues totaled P$59,308 million during 1H22 (-P$2,243 million vs. 1H21). As of June 30, 2022, total broadband accesses reached approximately 4.2 million (-6 thousand vs. 1H21).
Additionally, broadband ARPU (restated in constant currency as of June 30, 2022) amounted to P$2,240.0 per month in 1H22 (vs. P$2,365.1 in 1H21). The effect generated by the restatement in terms of the measuring unit as of June 30, 2022, included in the ARPU amounted to approximately P$281.7 and P$1,046.6, for the 1H22 and 1H21, respectively.
The average monthly churn rate for the 1H22 was 1.5% (unchanged compared to 1H21). As of 1H22, 77% of our total customer base had a broadband service of 50Mb or higher (this percentage was 63% as of 1H21).
Revenues from equipment sales
Equipment revenues amounted to P$17,050 million (-P$4,458 million vs. 1H21). Said decrease was mainly due to a lower volume of handsets sold (-17%), which have increased their average price.
Consolidated Operating Costs
Consolidated Operating Costs (including D&A and impairment of fixed assets) totaled P$273,112 million in 1H22 (-P$13,388 million or -4.7% vs. 1H21). Excluding D&A and impairment of fixed assets, operating costs experienced a reduction of 5.7%.
Our costs breakdown was as follows:
- Employees benefits and severance payments: P$60,519 million (+4.8% vs. 1H21). Total employees amounted to 22,385 as of 1H22.
- Interconnection and transmission costs (including roaming, international settlement charges and lease of circuits) were P$8,118 million (-25.5% vs. 1H21). This saving was mainly due to a new business dynamic that optimizes our links and sites which has offset the increase in prices of those services which are denominated in US dollars.
- Fees for services, maintenance, materials and supplies: P$30,711 million (-8.7% vs. 1H21). This decrease is mainly explained by lower maintenance and material costs of $2,717 million vs. 1H21.
- Taxes and fees paid to regulatory authorities: P$20,370 million (-10.9% vs. 1H21). This decrease was mainly due to lower sales during 1H22 vs 1H21. These costs represent 7.7% of total revenues as of 1H22 and 1H21.
- Commissions and advertising (commissions paid to agents, collection fees and other commissions): P$14,765 million (-10.4% vs. 1H21). Said decrease was mainly explained by a reduction in advertising costs.
- Cost of handsets sold: P$12,456 million (-17.6% vs. 1H21). These costs decreased mainly due to lower volume of handsets sold (-17% vs. 1H21), notwithstanding the increase in purchase prices.
- Programming and content costs: P$12,456 million (-18.7% vs. 1H21). Said reduction was mainly generated by commercial efficiencies, which were partially offset by price increases in almost all of our broadcasting signals.
- Other Costs totaled P$20,073 million (+14.9% vs. 1H21). Bad debt expenses reached P$13,619 million (+10.1% vs. 1H21).
Our bad debt ratio was 2.4% as of June 30, 2022 (vs. 1.7% in 1H21). The increase was mainly explained by the harder economic situation in Argentina, which has a direct impact on our clients´ incomes. During 2Q22, the bad debt ratio has improved, decreasing to 2.1%.
Other operating costs (including charges for lawsuits and other contingencies, energy and other public services, insurance, rents and internet capacity) totaled P$13,619 million (+10.1% vs. 1H21). This increase was mainly related to higher lawsuits and other contingency charges, partially offset by lower energy costs, rental charges, and internet capacity.
- Depreciation, amortization and impairment of fixed assets amounted to P$89,381 million (-2.6% vs. 1H21). This charge includes the impact of the amortization of assets incorporated after June 30, 2021, partially offset by the effect of the assets that were completely amortized after such date.
Net Financial Results
Net Financial Results (including Financial Expenses on Debt and Other Financial Results) were P$38,691 million in 1H22 (vs. P$30,485 million in 1H21), mainly due to:
Income Tax
Our income tax includes the following effects:
(i) the tax to be paid according to local tax legislation,
(ii) the effect of applying the deferred tax method on temporary differences generated when comparing our asset and liability valuation according to tax and financial accounting criteria which includes the effect of the income tax inflation adjustment, and
(iii) the effects mentioned in Note 13 to the consolidated financial statements as of June 30, 2022.
Our income tax amounted to a positive amount of P$1,579 million in 1H22 (vs. a loss of P$42,114 million in 1H21). The tax paid according to item (i) was P$18,772 million in 1H22 (vs. P$8,778 million in 1H21) and the income tax effect related to the application of the deferred tax method described in item (ii) was a gain of P$20,351 million in 1H22 (vs. a loss of P$33,326 million in 1H21).
Consolidated Net Financial Debt
As of June 30, 2022, our net financial debt (cash, cash equivalents plus financial investments and financial NDF & interest rate swaps minus loans) amounted to P$312,116 million, increasing P$1,628 million (+0.5%) when compared to the consolidated net financial debt as of June 30, 2021 adjusted by inflation.
Investments in PP&E, intangible assets and rights of use assets
During the 1H22, the Company invested (including rights of use assets) P$45,219 million (-33.9% vs. 1H21). Said investments represented 17.1% of consolidated revenues in 1H22, and were focused on:
- Projects related to the expansion of internet and television services to improve our transmission and access speed.
- Deployment and modernization of our 4G mobile access sites, supporting the growth in the coverage of our mobile network.
- Extension of our transmission and transport networks in order to unify the different access technologies and to consolidate the deployment of last-mile networks with FTTH (Fiber to the home) architecture.
- New customer contact systems.
Additionally, during the 2Q22 we announced new investments in the city of Mendoza, and in other locations in the Province of Buenos Aires such as Junín and General Villegas, which include the deployment of fiber optics and new mobile sites.
Relevant financial events of the period
Acquisition of Negocios y Servicios S.A.
On June 1, 2022, Telecom Argentina has acquired all of the shares representing the capital of the company Negocios y Servicios S.A. ("Negocios y Servicios"), a company incorporated in the Province of Mendoza, which provides internet services in the cities of San Martín, Junín, Rivadavia and Santa Rosa of said province.
Reserve withdrawal and Dividend Distribution
On June 2, 2022, in exercise of the authority delegated by the General Ordinary and Extraordinary Shareholders' Meeting held on April 27, 2022, the Board of Directors of Telecom Argentina resolved:
1. To partially withdraw the "Voluntary reserve to maintain the capital investments level and the Company's current level of solvency" in the amount of P$31,633,589,053.
2. To distribute dividends in kind as follows: (i) Global Bonds of the Argentine Republic amortizable in US Dollars maturing on 07/09/2030 (the "2030 Global Bonds"), for a nominal value of US$411,145,986, and (ii) Global Bonds of the Argentine Republic amortizable in US Dollars maturing on 07/09/2035 (the "2035 Global Bonds") for a nominal value of US$103,854,014, at a ratio of US$0.190903225 2030 Global Bonds and US$0.048221476 2035 Global Bonds per share of the Company.
Export credit facility with Export Development Canada (EDC)
On June 14, 2022, the Company received a disbursement of US$17 million, equivalent to P$2,090 million, which will mature in December 2026.
Relevant events after June 30, 2022
International Finance Corporation Loan
On July 15, 2022, under the loan agreement entered into between the Company and the International Finance Corporation ("IFC") on June 28, 2022, the Company received from IFC a disbursement amounting to US$184,500,000, which amortization schedule will end in August 2029.
Term Loan Cancellation
On July 18, 2022, in connection with the loan agreement entered into October 8, 2018 between the Company and a syndicate of foreign banks whose administrative agent is Citibank N.A. (the "Loan"), the Company has cancelled the total amount of the principal remaining under the Loan for US$140,000,000 plus accrued and unpaid interest.
Telecom Argentina is a leading telecommunications company in Argentina, where it offers, either itself or through its controlled subsidiaries local and long distance fixed-line telephony, cellular, data transmission, and pay TV and Internet services, among other services. Additionally, Telecom Argentina offers mobile, broadband and satellite TV services in Paraguay and pay TV services in Uruguay. The Company commenced operations on November 8, 1990, upon the Argentine government's transfer of the telecommunications system in the northern region of Argentina.
As of June 30, 2022, Telecom Argentina owns 2,153,688,011 issued and outstanding shares.
For more information, please contact Investor Relations:
For information about Telecom Argentina's services, visit:
www.telecom.com.ar
www.personal.com.ar
www.personal.com.py
Disclaimer
This document may contain statements that could constitute forward-looking statements, including, but not limited to (i) the Company's expectations for its future performance, revenues, income, earnings per share, capital expenditures, dividends, liquidity and capital structure; (ii) the continued synergies expected from the merger between the Company and Cablevisión S.A. (or the Merger); (iii) the implementation of the Company's business strategy; (iv) the changing dynamics and growth in the telecommunications and cable markets in Argentina, Paraguay, Uruguay and the United States; (v) the Company's outlook for new and enhanced technologies; (vi) the effects of operating in a competitive environment; (vii) the industry conditions; (viii) the outcome of certain legal proceedings; and (ix) regulatory and legal developments. Forward-looking statements may be identified by words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "will," "may" and "should" or other similar expressions. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. In addition, certain forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Many factors could cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that may be expressed or implied by forward-looking statements. These factors include, among others: (i) the Company's ability to successfully implement our business strategy and to achieve synergies resulting from the Merger; (ii) the Company's ability to introduce new products and services that enable business growth; (iii) uncertainties relating to political and economic conditions in Argentina, Paraguay, Uruguay and the United States, including the policies of the new government in Argentina; (iv) the impact of political developments, including the policies of the new government in Argentina, on the demand for securities of Argentine companies; (v) inflation, the devaluation of the peso, the Guaraní and the Uruguayan peso and exchange rate risks in Argentina, Paraguay and Uruguay; (vi) restrictions on the ability to exchange Argentine or Uruguayan pesos or Paraguayan guaraníes into foreign currencies and transfer funds abroad; (vii) the impact of currency and exchange measures or restrictions on our ability to access the international markets and our ability to repay our dollar-denominated indebtedness; (viii) the creditworthiness of our actual or potential customers; (ix) the nationalization, expropriation and/or increased government intervention in companies; (x) technological changes; (xi) the impact of legal or regulatory matters, changes in the interpretation of current or future regulations or reform and changes in the legal or regulatory environment in which the Company operates, including regulatory developments such as sanctions regimes in other jurisdictions (e.g., the United States) which impact on the Company's suppliers; (xii) the effects of increased competition; (xiii) reliance on content produced by third parties; (xiv) increasing cost of the Company's supplies; (xv) inability to finance on reasonable terms capital expenditures required to remain competitive; (xvi) fluctuations, whether seasonal or in response to adverse macro-economic developments, in the demand for advertising; (xvii) the Company's ability to compete and develop our business in the future; (xviii) the impact of increased national or international restrictions on the transfer or use of telecommunications technology; and (xix) the impact of the outbreak of COVID-19 on the global economy and specifically on the economies of the countries in which we operate, as well as on our operations and financial performance. Many of these factors are macroeconomic and regulatory in nature and therefore beyond the control of the Company's management. Should one or more of these risks or uncertainties materialize, or underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended, planned or projected. The Company does not intend and does not assume any obligation to update the forward-looking statements contained in this document. These forward-looking statements are based upon a number of assumptions and other important factors that could cause our actual results, performance or achievements to differ materially from our future results, performance or achievements expressed or implied by such forward-looking statements. Readers are encouraged to consult the Company's Annual Report on Form 20-F and the periodic filings made on Form 6-K, which are periodically filed with or furnished to the United States Securities and Exchange Commission, as well as the presentations periodically filed before the Argentine Securities and Exchange Commission (Comisión Nacional de Valores) and the Buenos Aires Stock Exchange (Bolsas y Mercados Argentinos), for further information concerning risks and uncertainties faced by the Company.
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SOURCE Telecom Argentina S.A. | https://www.wibw.com/prnewswire/2022/08/09/telecom-argentina-sa-announces-consolidated-results-first-half-1h22-second-quarter-fiscal-year-2022-2q22/ | 2022-08-09T23:31:20Z |
DUBLIN, Aug. 18, 2022 /PRNewswire/ -- The board of directors of Medtronic plc (NYSE:MDT) on Thursday, August 18, 2022, approved the fiscal year 2023 second quarter cash dividend of $0.68 per ordinary share, representing an 8% increase over the prior year. This quarterly declaration is consistent with the dividend announcement made by the company in May 2022. Medtronic is a constituent of the S&P 500 Dividend Aristocrats index, having increased its annual dividend payment for the past 45 consecutive years. The dividend is payable on October 14, 2022, to shareholders of record at the close of business on September 23, 2022.
About Medtronic
Bold thinking. Bolder actions. We are Medtronic. Medtronic plc, headquartered in Dublin, Ireland, is the leading global healthcare technology company that boldly attacks the most challenging health problems facing humanity by searching out and finding solutions. Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 95,000+ passionate people across 150 countries. Our technologies and therapies treat 70 health conditions and include cardiac devices, surgical robotics, insulin pumps, surgical tools, patient monitoring systems, and more. Powered by our diverse knowledge, insatiable curiosity, and desire to help all those who need it, we deliver innovative technologies that transform the lives of two people every second, every hour, every day. Expect more from us as we empower insight-driven care, experiences that put people first, and better outcomes for our world. In everything we do, we are engineering the extraordinary. For more information on Medtronic (NYSE:MDT), visit www.Medtronic.com and follow @Medtronic on Twitter and LinkedIn.
Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic's periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results.
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SOURCE Medtronic plc | https://www.kxii.com/prnewswire/2022/08/18/medtronic-announces-cash-dividend-second-quarter-fiscal-year-2023/ | 2022-08-18T20:59:57Z |
SECOND QUARTER 2022 OPERATING RESULTS AND INCREASED 2022 GUIDANCE ANNOUNCED BY NATIONAL RETAIL PROPERTIES, INC.
Published: Aug. 3, 2022 at 8:30 AM EDT|Updated: 46 minutes ago
ORLANDO, Fla., Aug. 3, 2022 /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced its operating results for the quarter and six months ended June 30, 2022. Highlights include:
Operating Results:
Revenues and net earnings, FFO, Core FFO and AFFO available to common stockholders and diluted per share amounts:
Second Quarter 2022 Highlights:
Maintained high occupancy levels at 99.1%, with a weighted average remaining lease term of 10.6 years, at June 30, 2022 as compared to 99.2% at March 31, 2022 and 99.0% at December 31, 2021
Invested $153.8 million in property investments, including the acquisition of 43 properties with an aggregate 348,000 square feet of gross leasable area at an initial cash yield of 6.2%
Sold 8 properties for $7.9 million producing $0.8 million of gains on sales
Raised $31.8 million net proceeds from the issuance of 734,298 common shares
Maintained sector leading 14.2 year weighted average debt maturity for fixed rate debt
First Half of 2022 Highlights:
Invested $364.6 million in property investments, including the acquisition of 102 properties with an aggregate 1,227,000 square feet of gross leasable area at an initial cash yield of 6.2%
Sold 18 properties for $28.0 million producing $4.8 million gains on sales
Raised $32.5 million net proceeds from the issuance of 751,869 common shares
Core FFO guidance for 2022 was increased from a range of $3.01 to $3.08 per share to a range of $3.07 to $3.12 per share. The 2022 AFFO is estimated to be $3.14 to $3.19 per share. The Core FFO guidance equates to net earnings of $1.83 to $1.88 per share, plus $1.24 per share of expected real estate depreciation and amortization and excludes any gains from the sale of real estate, charges for impairments and executive retirement costs. The guidance is based on current plans and assumptions and subject to risks and uncertainties more fully described in this press release and the company's reports filed with the Securities and Exchange Commission.
Steve Horn, Chief Executive Officer, commented: "National Retail Properties saw continued operational momentum through the second quarter of 2022, highlighted by the selective acquisition of just over $150 million in new properties. In July, we increased our common stock dividend by nearly four percent to 55 cents per share, while preserving our low dividend payout ratio, marking our 33rd consecutive year of increased annual dividends, a feat matched by only two other REITs and by fewer than 90 public companies in the United States."
National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of June 30, 2022, the company owned 3,305 properties in 48 states with a gross leasable area of approximately 33.8 million square feet and with a weighted average remaining lease term of 10.6 years. For more information on the company, visit www.nnnreit.com.
Management will hold a conference call on August 3, 2022, at 10:30 a.m. ET to review these results. The call can be accessed on the National Retail Properties web site live at http://www.nnnreit.com. For those unable to listen to the live broadcast, a replay will be available on the company's web site. In addition, a summary of any earnings guidance given on the call will be posted to the company's web site.
Statements in this press release that are not strictly historical are "forward-looking" statements. These statements generally are characterized by the use of terms such as "believe," "expect," "intend," "may," "estimated," or other similar words or expressions. Forward-looking statements involve known and unknown risks, which may cause the company's actual future results to differ materially from expected results. These risks include, among others, the potential impacts of the COVID-19 pandemic on the company's business operations, financial results and financial position and on the world economy, general economic conditions, local real estate conditions, changes in interest rates, increases in operating costs, the preferences and financial condition of the company's tenants, the availability of capital, and, risks related to the company's status as a REIT. Additional information concerning these and other factors that could cause actual results to differ materially from these forward-looking statements is contained from time to time in the company's Securities and Exchange Commission (the "Commission") filings, including, but not limited to, the company's (i) Annual Report on Form 10-K for the year ended December 31, 2021 and (ii) Quarterly Reports on Form 10-Q for the quarters ended March 31, 2022 and June 30, 2022. Copies of each filing may be obtained from the company or the Commission. Such forward-looking statements should be regarded solely as reflections of the company's current operating plans and estimates. Actual operating results may differ materially from what is expressed or forecast in this press release. National Retail Properties, Inc. undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date these statements were made.
Funds From Operations, commonly referred to as FFO, is a relative non-GAAP financial measure of operating performance of an equity REIT in order to recognize that income-producing real estate historically has not depreciated on the basis determined under GAAP. FFO is defined by the National Association of Real Estate Investment Trusts ("NAREIT") and is used by the company as follows: net earnings (computed in accordance with GAAP) plus depreciation and amortization of assets unique to the real estate industry, excluding gains (or including losses), any applicable taxes and noncontrolling interests on the disposition of certain assets, the company's share of these items from the company's unconsolidated partnerships and any impairment charges on a depreciable real estate asset.
FFO is generally considered by industry analysts to be the most appropriate measure of performance of real estate companies. FFO does not necessarily represent cash provided by operating activities in accordance with GAAP and should not be considered an alternative to net earnings as an indication of the company's performance or to cash flow as a measure of liquidity or ability to make distributions. Management considers FFO an appropriate measure of performance of an equity REIT because it primarily excludes the assumption that the value of the real estate assets diminishes predictably over time, and because industry analysts have accepted it as a performance measure. The company's computation of FFO may differ from the methodology for calculating FFO used by other equity REITs, and therefore, may not be comparable to such other REITs. A reconciliation of net earnings (computed in accordance with GAAP) to FFO, as defined by NAREIT, is included in the financial information accompanying this release.
Core Funds From Operations ("Core FFO") is a non-GAAP measure of operating performance that adjusts FFO to eliminate the impact of certain GAAP income and expense amounts that the company believes are infrequent and unusual in nature and/or not related to its core real estate operations. Exclusion of these items from similar FFO-type metrics is common within the REIT industry, and management believes that presentation of Core FFO provides investors with a potential metric to assist in their evaluation of the company's operating performance across multiple periods and in comparison to the operating performance of its peers because it removes the effect of unusual items that are not expected to impact the company's operating performance on an ongoing basis. Core FFO is used by management in evaluating the performance of the company's core business operations and is a factor in determining management compensation. Items included in calculating FFO that may be excluded in calculating Core FFO may include items such as transaction related gains, income or expense, impairments on land or commercial mortgage residual interests, preferred stock redemption costs, executive retirement costs, loss on early extinguishment of debt or other non-core amounts as they occur. The company's computation of Core FFO may differ from the methodology for calculating Core FFO used by other equity REITs, and therefore, may not be comparable to such other REITs. A reconciliation of net earnings (computed in accordance with GAAP) to Core FFO is included in the financial information accompanying this release.
Adjusted Funds From Operations ("AFFO") is a non-GAAP financial measure of operating performance used by many companies in the REIT industry. AFFO adjusts FFO for certain non-cash items that reduce or increase net income in accordance with GAAP. AFFO should not be considered an alternative to net earnings, as an indication of the company's performance or to cash flow as a measure of liquidity or ability to make distributions. Management considers AFFO a useful supplemental measure of the company's performance. The company's computation of AFFO may differ from the methodology for calculating AFFO used by other equity REITs, and therefore, may not be comparable to such other REITs. A reconciliation of net earnings (computed in accordance with GAAP) to AFFO is included in the financial information accompanying this release.
National Retail Properties, Inc.
2022 Earnings Guidance
Guidance is based on current plans and assumptions and subject to risks and uncertainties more fully described in this press release and the company's reports filed with the Commission.
As of June 30, 2022, Debt / EBITDA based on current quarter EBITDA annualized is 5.4x.
National Retail Properties, Inc. Debt Summary – Continued As of June 30, 2022 (unaudited)
Credit Facility and Note Covenants
The following is a summary of key financial covenants for the company's unsecured credit facility and notes, as defined and calculated per the terms of the facility's credit agreement and the notes' governing documents, respectively, which are included in the company's filings with the Commission. These calculations, which are not based on U.S. GAAP measurements, are presented to investors to show that as of June 30, 2022, the company believes it is in compliance with the covenants.
National Retail Properties, Inc. Rent Deferral Lease Amendments (in thousands)
The following table outlines the rent deferred and corresponding scheduled repayment of the COVID-19 rent deferral lease amendments executed as of June 30, 2022 (dollars in thousands):
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.mysuncoast.com/prnewswire/2022/08/03/second-quarter-2022-operating-results-increased-2022-guidance-announced-by-national-retail-properties-inc/ | 2022-08-03T13:16:20Z |
Florida legislature approves redistricting map amid protests
TALLAHASSEE, Fla. (AP) — The Florida Legislature gave final approval Thursday to a congressional map pushed by Republican Gov. Ron DeSantis during a raucous session as Black lawmakers chanted in protest over what they say will diminish the state’s Black representation in the U.S. House.
The DeSantis map would increase Florida’s GOP representation in Florida and would dismantle two districts now held by Black members of Congress.
The Florida House approved the measure along party lines after a brief delay when Black lawmakers staged a sit-in on the House floor. As debate on the maps was nearing an end, Reps. Angie Nixon and Tray McCurdy opened up their suit jackets to display “Stop The Black Attack” T-shirts and shouted the same phrase. They sat on the state seal in front of the House speaker’s rostrum and were soon joined by other other Black Democrats and other supporters.
The Republican-led chamber called a brief recess, all Republican lawmakers left the floor and the state Florida Channel temporarily stopped broadcasting the proceedings.
“This is good trouble! Necessary trouble!” Nixon shouted, echoing a phrase used by the late civil rights activist and congressman John Lewis.
The group sang “We Shall Overcome” and prayed. Some members went on Facebook to do live feeds of the protest. Nixon said in a text message to The Associated Press that the lawmakers would not leave the floor unless they were physically removed.
The Legislation was in special session to approve a new congressional map after DeSantis vetoed the maps lawmakers sent him. Republican leaders took a map from DeSantis instead of trying again to draw their own.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/04/21/florida-black-lawmakers-protest-desantis-congressional-map/ | 2022-04-23T09:24:16Z |
DENVER, Aug. 16, 2022 /PRNewswire/ -- Turk and Company, announced today that its client, Lenders Title, a subsidiary of First Horizon Corporation (NYSE:FHN), has been acquired by Knox-Precision Holdings, LLC.
Turk and Company served as the exclusive investment banker to Lenders Title.
Lenders Title Group is one of the largest and pre-eminent title insurance agencies in the American Southeast, operating in Arkansas, Louisiana and Tennessee, and has diligently served the real estate community for over 100 years.
Howard Turk, Founder and Managing Director of Turk and Company, said, "We're pleased to have advised First Horizon on the sale of Lenders Title Group. Both Knox and LTG were a pleasure to work with and we are proud of the excellent result for all the parties."
Beau Fast, President and CEO of Lenders Title, added, "We are excited about this next chapter in our journey. Our historical success is due to the hard work and dedication of our title associates and the confidence our clients have in us, all backed by the support of our banking colleagues throughout the years. Our team now has a chance to continue to flourish as a part of Knox-Precision Holdings, an organization dedicated to title and closing services."
"Our vision is to build the largest and best independent title agency in the country. One element of our plan involves buying world class title businesses, led by exceptional operators who share our belief in the merit of building a business where our employees feel valued, safe and enjoy abundant career growth opportunities. Beau Fast and Lenders Title Group (LTG) fit every requirement we have and are a welcome addition to the other full-service title agencies we already own. LTG also adds to our geographic footprint so that we are now super regional and well on our way to becoming national. We are thrilled to have them join our growing team," said Alex Gregor, Knox-Precision Holdings Founder and Managing Partner.
Turk & Co is a real estate industry Mergers and Acquisition firm with global reach that specializes in evaluating, buying and selling title insurance agencies, title insurance underwriters and ancillary businesses.
To learn more, please contact us at learnmore@turkandco.com or 310 294 9199.
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SOURCE Turk & Co. | https://www.mysuncoast.com/prnewswire/2022/08/16/turk-amp-company-announces-acquisition-lenders-title-group-by-knox-precision-holdings-llc/ | 2022-08-16T10:25:04Z |
NEW YORK, July 5, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Syros Pharmaceuticals, Inc. ("Syros" or the "Company") (NASDAQ: SYRS) in connection with the proposed merger of the Company with TYME Technologies, Inc. ("TYME") (NASDAQ: TYME). Under the terms of the merger agreement, the two companies will combine their businesses in an all-stock transaction that will result in one combined entity that will continue to trade publicly on the Nasdaq under the ticker symbol "SYRS." Syros expects to issue approximately 74.3 million shares of its common stock to TYME stockholders to acquire TYME's expected net cash at closing, and TYME stockholders are expected to receive approximately 0.4312 shares of Syros common stock for each share of TYME common stock. The actual number of shares to be issued in the merger and the exchange ratio will be subject to adjustment based on the amount of TYME's net cash at closing and the number of TYME shares outstanding at closing.
If you own Syros shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
https://www.weisslaw.co/news-and-cases/syrs
Or please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Weiss Law is investigating whether Syros' board acted in the best interest of Syros' public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of the proposed acquisition by the Company, whether the deal's equity split is fair to Syros shareholders, and whether all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. Notably, Syros shareholders holding approximately 28% of the outstanding shares of the Company's common stock and TYME shareholders holding approximately 30% of the outstanding shares of TYME common have essentially locked up the deal, agreeing to vote their shares in favor of the merger.
Weiss Law has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com
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SOURCE Weiss Law | https://www.kxii.com/prnewswire/2022/07/06/shareholder-alert-weiss-law-investigates-syros-pharmaceuticals-inc/ | 2022-07-06T01:16:40Z |
NEW YORK, July 13, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of LMP Automotive Holdings, Inc. ("LMP" or the "Company") (NASDAQ: LMPX). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether LMP and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On May 19, 2022, LMP disclosed in filing with the U.S. Securities and Exchange Commission that on May 16, 2022, the Company's management and audit committee "concluded that the Company's previously issued condensed consolidated financial statements as of and for the quarters ended March 31, 2021, June 30, 2021, and September 30, 2021 . . . are required to be restated and should no longer be relied upon primarily due to the following errors: (i) the improper identification and elimination of intercompany transactions, (ii) incorrect estimates of chargeback reserves for finance and insurance products, and (iii) certain financial statement misclassifications impacting various balance sheet and income statement financial statement captions in the Relevant Periods."
On this news, LMP's stock price fell $0.20 per share, or 4.48%, to close at $4.26 per share on May 20, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP | https://www.kxii.com/prnewswire/2022/07/13/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-lmp-automotive-holdings-inc-lmpx/ | 2022-07-13T23:41:28Z |
ROCKVILLE, Md., Aug. 18, 2022 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE: CHH) has been recognized as a top franchise for Diversity, Equity and Inclusion by Entrepreneur magazine. The first-ever ranking conducted by the publication named Choice Hotels among the top 50 brands in the franchising industry who exemplify an enterprise-wide commitment to Diversity, Equity and Inclusion.
"Cultivating an inclusive culture – in which diversity of thought, background and experience are celebrated – is a commitment driven at the top of the organization that extends to every facet of the company, from our corporate associates to our franchise owners and their guests," said Patrick Cimerola, chief human resources officer, Choice Hotels. "This latest ranking by Entrepreneur isn't just a testament to our ability to live out Choice's brand promise of ensuring everyone who walks through our doors feel welcome, wanted, and respected, but speaks to the many initiatives our company continues to undertake to fuel diversity and equitable opportunity across the entire hotel industry."
Choice Hotels has a long history of creating and supporting a diverse associate and franchisee base. For nearly 20 years, the company's industry-leading emerging markets team has been dedicated to making small business ownership a reality for underrepresented and minority entrepreneurs. Since the program began, the company has awarded and financially supported over 310 franchise agreements with underrepresented minority and veteran entrepreneurs, including 24 deals awarded last year despite the pandemic. Earlier this year, in an effort to expand its support, the company developed the newly enhanced HERtels by Choice, a program that leverages a multi-faceted approach to advance and empower women hotel ownership.
All of the companies recognized as Entrepreneur's first-ever Top Franchises for Diversity, Equity, and Inclusion list were chosen editorially. Publication editors based their decisions on information submitted by the companies as well as their own independent research. Brands were selected for a variety of reasons. Some offer franchise fee discounts and other assistance to help those who identify as Black, Indigenous, and people of color (BIPOC), women, or LGBTQ+ entrepreneurs. Some promote diversity, equity, and inclusion in other ways, including the communities they serve and the services they offer; initiatives and programs they have implemented at both the corporate and franchise level; representation among their leadership team, franchisees, and employees; and more.
"Entrepreneur's first-ever selection of brands to our new Top Franchises for Diversity, Equity, and Inclusion list highlights the extraordinary efforts the franchising industry has made to diversify its ranks," said Entrepreneur Senior Vice President of Franchising Liane Caruso. "The companies recognized by our editorial team underscore some of the ways that several franchise brands have focused on championing the values of diversity, equity, and inclusion and are providing meaningful and accessible opportunities for everyone to live their dream of being an entrepreneur."
To view Choice Hotels in Entrepreneur's list, check out the "50 Champions of Diversity'' feature in the September issue of Entrepreneur magazine on newsstands now or visit https://www.entrepreneur.com/article/432780.
For more information about Choice Hotels' commitment to diversity and inclusion Reach out to our dedicated emerging markets team visit www.choicehotelsdevelopment.com/diversity.
About Choice Hotels®
Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. On August 11, 2022, Choice acquired Radisson Hotels Americas, adding nine brands and approximately 67,000 rooms in the United States, Canada, Latin America and the Caribbean to its portfolio. With 22 brands, Choice Hotels has more than 7,500 hotels, and nearly 650,000 rooms, in 46 countries and territories as of August 11, 2022. The Choice® family of hotel brands provide business and leisure travelers with a broad range of high-quality lodging options from limited service to full-service hotels in the upper upscale, upper mid-scale, midscale, extended-stay and economy segments. The award-winning Choice Privileges® loyalty program offers members a faster way to rewards, with personalized benefits starting on day one. For more information, visit www.choicehotels.com.
Addendum
This is not an offering. No offer or sale of a franchise will be made except by a Franchise Disclosure Document first filed and registered with applicable state authorities. A copy of the Franchise Disclosure Document can be obtained through contacting Choice Hotels International at 1 Choice Hotels Circle, Suite 400, Rockville, MD 20850, development@choicehotels.com.
© 2022 Choice Hotels International, Inc. All Rights Reserved
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SOURCE Choice Hotels International, Inc. | https://www.wibw.com/prnewswire/2022/08/18/choice-hotels-recognized-among-top-franchises-diversity-equity-inclusion-by-entrepreneur/ | 2022-08-18T17:10:38Z |
SAN DIEGO, Aug. 9, 2022 /PRNewswire/ -- CV Sciences, Inc. (OTCQB:CVSI) (the "Company", "CV Sciences", "our", "us" or "we"), a preeminent supplier and manufacturer of hemp cannabidiol (CBD) products, today announced that it will release financial results for the second quarter ended June 30, 2022, before the stock market opens on Monday, August 15, 2022. The Company will hold a conference call with the investment community at 7:00 a.m. Pacific Time (10:00 a.m. Eastern Time) that same day.
The webcast of the conference call will be available on the Investor Relations section of the Company's website at https://ir.cvsciences.com/news-events or directly at https://viavid.webcasts.com/starthere.jsp?ei=1563741&tp_key=554963c027. The webcast will be archived for approximately 30 days. Investors interested in participating in the live call can also dial (877) 407-0784 from the U.S. or international callers can dial (201) 689-8560. Please dial the conference telephone number 15 minutes prior to the start time due to increased demand for conference calls.
A telephone replay will be available approximately two hours after the call concludes and will be available through Monday, August 22, 2022, by dialing (844) 512-2921 from the U.S. or (412) 317-6671 from international locations, and entering confirmation code 13732196.
CV Sciences, Inc. (OTCQB:CVSI) operates two distinct business segments: a consumer product division focused on manufacturing, marketing and selling plant-based dietary supplements and CBD products to a range of market sectors; and a drug development division focused on developing and commercializing CBD-based novel therapeutics. The Company's PlusCBD™ products are sold at select retail locations throughout the U.S. and it is one of the top-selling brand of hemp-derived CBD in the natural products market, according to SPINS, the leading provider of syndicated data and insights for the natural, organic and specialty products industry. CV Sciences follows all guidelines for Good Manufacturing Practices (GMP) and the Company's products are processed, produced, and tested throughout the manufacturing process to confirm strict compliance with company standards and specifications. With a commitment to science, PlusCBD™ product benefits in healthy people are supported by human clinical research data, in addition to three published clinical case studies available on PubMed.gov. PlusCBD™ was the first hemp CBD supplement brand to invest in the scientific evidence necessary to receive self-affirmed Generally Recognized as Safe (GRAS) status. CV Sciences, Inc. has primary offices and facilities in San Diego, California. Additional information is available from OTCMarkets.com or by visiting www.cvsciences.com.
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risk and uncertainties.
CONTACT INFORMATION:
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SOURCE CV Sciences, Inc. | https://www.kxii.com/prnewswire/2022/08/09/cv-sciences-inc-announce-first-quarter-2022-results-august-15-2022/ | 2022-08-09T22:06:07Z |
FRANKLIN, Tenn., June 22, 2022 /PRNewswire/ -- Mitsubishi Motors North America, Inc. (MMNA) is celebrating dealer partners who go above and beyond for their communities. They provide more than just a great place to buy a car – they help their hometowns thrive in the good times and heal in the challenging times. They rise to the occasion, whatever the occasion may be.
In June, we are proud to feature farmer, first responder and West Mitsubishi Dealer Principal Gary Campbell, who recently rose to the occasion, when there was a medical emergency at a Mitsubishi Dealer Partner event. Campbell sprang into action, providing emergency medical assistance, and sprang onto our radar as a must-feature for our Dealer Partner Spotlight.
FIVE QUESTIONS WITH GARY CAMPBELL
Owner & Dealer Principal, West Mitsubishi, Orland, CA
- This is the story of a small-town farm kid, turned successful, independent car dealership owner, turned successful Mitsubishi franchise owner. Take us back to the very beginning. I grew up on a large farm in the small town of Orland, CA. Alongside my father, I worked from sunup to sundown, and we grew whatever crop was fashionable at the time – hay, corn, etc. – just trying to make a living. When I was 14, I went with my dad to a farm auction, where we bought four Pacific Gas and Electric farming vehicles. We painted them, fixed minor things here and there, and we re-sold each for a $500 profit. In the 80s, that was big money, and as farmers and entrepreneurs, that sparked our interest. From there, my father got his dealers license, and we opened a small independent dealership. We made mistakes at first, learning how to balance the store and the farm, but the farmer's work ethic prevailed, and 35 years later, the store, the farm (and the family) are still going strong.
- Five years ago, in your words, it was time to take the next step, and you became a Mitsubishi franchise dealer. Why this next step and why Mitsubishi? Orland is a Northern California farming town of less than 10,000 people – far from the beaches and city lights of Los Angeles. Everybody knows everybody, and your word and reputation are everything. We wanted to grow the business, but we also wanted to be able to sleep at night, knowing we were doing right by our customers and our community. We were attracted to Mitsubishi, because of their 10-year, 100,000-mile warranty and the quality of their vehicles. I would put any family member or neighbor into one of these cars. Fast forward, I am now a member of Mitsubishi's National Advisory Board, where I am able to represent small towns and small businesses, and because they are a small manufacturer (in the grand scheme of the automotive industry), I really feel heard and valued, and that goes a long way.
- You're a farmer… and a car dealer… and a volunteer firefighter, and you are all of these things every day. How did you become a volunteer firefighter, and how do you balance it all? As a kid, I always wanted to be police officer. I studied criminal justice at the local junior college, and afterward, I graduated from the police academy. I was working at the dealership during the day, and as a reserve police officer at night, and it wasn't sustainable. Around that time, the local fire department was recruiting volunteers, and the position would allow me a little more flexibility, while still allowing me to serve my community. So, I signed up, and I have been volunteering with them now for 26 years. As far as balancing it all, family – and my employee family – always come first. I am very involved in the day-to-day operations of the dealership, but my phone also doubles as a fire department pager, and my team knows that, when the phone/pager/fire alarm sounds, even if I'm in the middle of a deal, I've got to go. The team is cross-trained, so there is no lapse in service. Plus, the dealership is strategically located one block from the fire house, so I can get there quickly.
- Community service is a core personal value of yours, and it is also a core value of your business. Tell us about that. My parents taught me to treat people right, to be fair, and when you can, to improve the lives of those around you. I try to do that for my employees, and as a team, we try to do that for the community. We support the local 4-H Club and high school, and I encourage everyone to get involved in their own personal causes, and to take time off as needed to support those causes. Those values influence the way we run our business. We greet people at the door with a smile; we treat them like family – we walk them where they need to go and make any introductions needed; we are transparent about service and parts our customers really need. We build trust. Everything is clean and comfortable. As a result, our customers come back to us for service, and even customers of other manufacturers come to us for service! This is a farming town, and we see plenty of pickup trucks in our service lane.
- You've (seemingly) done it all. What's next? Even though I have been doing this my entire life, as the industry and society changes, there is still so much to learn. I am a member of several professional networking and education organizations, namely a 20 group, focused solely on Mitsubishi. 20 groups bring dealerships from across the country, large and small, together to learn from each other and consultants about how to grow and improve their businesses. In my free time, what little I have of it, I own several rental properties around town, and I enjoy working on them. I am also an avid motorcyclist. I've biked across the United States and Australia. One day, when I know that my family, business and community are taken care of, I hope to be able to get up and go whenever and wherever I want – just ride off into the sunset.
Through a network of approximately 330 dealer partners across the United States, Mitsubishi Motors North America, Inc., (MMNA) is responsible for the sales, marketing and customer service of Mitsubishi Motors vehicles in the U.S. MMNA was the top-ranked Japanese brand in the J.D. Power 2021 Initial Quality Study, ranking third overall and tied with Lexus. In its 2030 Environmental Plan, MMNA's parent company Mitsubishi Motors Corporation has set a goal of a 40 percent reduction in the CO2 emissions of its new cars by 2030 through leveraging EVs — with PHEVs as the centerpiece — to help create a sustainable society.
With headquarters in Franklin, Tennessee, and corporate operations in California, Georgia, Michigan, New Jersey, Texas, Florida and Virginia, MMNA directly and indirectly employs more than 8,000 people across the United States
For more information on Mitsubishi vehicles, please contact the Mitsubishi Motors News Bureau at 615-257-2698 or visit media.mitsubishicars.com.
Contacts
Jeremy Barnes
Senior Director, Communications and Events
jeremy.barnes@na.mitsubishi-motors.com
Mobile: 714-296-1402
Lauren Ryan
Manager, Communications and Events
lauren.ryan@na.mitsubishi-motors.com
Mobile: 404-862-8286
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SOURCE Mitsubishi Motors North America, Inc. | https://www.wibw.com/prnewswire/2022/06/22/mitsubishi-motors-dealer-partner-spotlight-west-mitsubishi-rising-occasion/ | 2022-06-22T14:20:36Z |
CLEVELAND (AP) — Mike Clevinger held it together as long as he could.
But after finally getting back on a major league mound following elbow surgery, a lockout, knee sprain and a rainout that had delayed his return for San Diego, Clevinger couldn’t control his emotions.
“I wasn’t sure I was going to pitch again,” Clevinger said Wednesday, his voice cracking as he choked back tears. “So this is big.”
Clevinger had an impressive first start since having Tommy John surgery in 2020, and Manny Machado hit a two-run homer as the Padres edged the Cleveland Guardians 5-4 in the first game of a doubleheader.
Machado connected in the third inning off Zach Plesac (1-3), and Austin Nola delivered a go-ahead RBI double in the sixth as the Padres won for the sixth time in seven games — all on the road.
Steven Wilson (3-0) got the win despite walking two in the fifth, and Taylor Rodgers pitched the ninth for his 10th save.
Padres rookie MacKenzie Gore will start Game 2 against Cleveland’s Cal Quantrill.
It was a joyous return for Clevinger, who had surgery not long after pitching in Game 1 of the NLDS two years ago — just months after being traded from Cleveland to San Diego. Facing his former team and Plesac, one of his closest friends, the right-hander allowed three runs and four hits.
Clevinger was just an out away from potentially getting a win before being pulled after 95 pitches by manager Bob Melvin.
The win would have been a bonus, but that hardly mattered to Clevinger, who was thankful for the chance to compete again.
“It’s been a super long road and I can’t thank the people behind me enough,” said Clevinger, standing in the hallway outside San Diego’s clubhouse between games.
Clevinger, who spent four-plus seasons with Cleveland before being traded in 2020, was leading 3-1 when he walked Myles Straw with one out in the fifth. He put on José Ramírez with two down before being replaced by Wilson, who gave up a walk and Josh Naylor’s tying two-run single.
Clevinger lobbied Melvin to let him finish the inning.
“I really appreciate Bob giving me a chance to go out and get it,” Clevinger said, “and was lobbying for it hard and I’m glad he let me try to go after Josey that one last time. I knew I was going to not let him beat me.
“I was going to try to make him swing outside the zone, and the hitter he is, I wasn’t going to let him go ahead and tie the game up there, so I did what I had to do to him and it just didn’t go in my favor.”
The Padres, though, came right back and scored two in the sixth on Nola’s double off Enyel De Los Santos and Jake Cronenworth’s sacrifice fly.
Clevinger’s return was bumped back a day after Tuesday’s series opener was postponed by rain and a wet forecast.
The weather conditions were hardly San Diego-like when Clevinger, nicknamed “Sunshine,” finally took the mound as low-hanging clouds enwrapped Progressive Field during the early innings.
Machado’s fifth home run put Clevinger and the Padres up 3-0 in third.
An error by Naylor at first allowed Cronenworth to reach with one out before Machado, who batted .386 in April, drove a 1-1 pitch over the wall in center.
BAKER’S DOZENS AND DOZENS
Dusty Baker’s 2,000th career win prompted a wide smile and praise from Guardians manager Terry Francona.
“I’m happy for Dusty,” said Francona, who entered the day with 1,792 wins. “I think it’s really cool when good things happen to good people — and he certainly qualifies on both accounts.”
Baker became the first Black manager to reach the milestone on Tuesday night when Houston Astros beat Seattle 4-0. He’s the 12th manager to reach 2,000, a mark that cements his eventual enshrinement in the Hall of Fame.
TRAINER’S ROOM
Padres: 1B Luke Voit (biceps tightness) went 0 for 2 with a walk, run and strikeout in the first game of a rehab assignment at Triple-A El Paso on Tuesday. Voit could be activated from the injured list when San Diego gets home.
Guardians: INF Yu Chang continues to recover in the minors after being placed on the COVID list last month. Chang’s rehab was transferred to Triple-A Columbus on Tuesday.
UP NEXT
Padres: Return to San Diego for weekend series against Miami. Nick Martinez (1-2) starts Thursday’s opener against Marlins RHP Jesús Luzardo (2-1).
Guardians: Open a four-game home series against Toronto on Thursday with Aaron Civale (0-2) facing Blue Jays RHP José Berríos (2-0).
___
More AP MLB: https://apnews.com/hub/MLB and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/clevinger-impressive-padres-edge-guardians-5-4-in-dh-opener/ | 2022-05-05T05:07:30Z |
SILVER SPRING, Md., Aug. 9, 2022 /PRNewswire/ -- Today, the U.S. Food and Drug Administration issued an emergency use authorization (EUA) for the JYNNEOS vaccine to allow healthcare providers to use the vaccine by intradermal injection for individuals 18 years of age and older who are determined to be at high risk for monkeypox infection. This will increase the total number of doses available for use by up to five-fold. The EUA also allows for use of the vaccine in individuals younger than 18 years of age determined to be at high risk of monkeypox infection; in these individuals JYNNEOS is administered by subcutaneous injection.
"In recent weeks the monkeypox virus has continued to spread at a rate that has made it clear our current vaccine supply will not meet the current demand," said FDA Commissioner Robert M. Califf, M.D. "The FDA quickly explored other scientifically appropriate options to facilitate access to the vaccine for all impacted individuals. By increasing the number of available doses, more individuals who want to be vaccinated against monkeypox will now have the opportunity to do so."
JYNNEOS, the Modified Vaccinia Ankara (MVA) vaccine, was approved in 2019 for prevention of smallpox and monkeypox disease in adults 18 years of age and older determined to be at high risk for smallpox or monkeypox infection. JYNNEOS is administered beneath the skin (subcutaneously) as two doses, four weeks (28 days) apart. For individuals 18 years of age and older determined to be at high risk of monkeypox infection, the EUA now allows for a fraction of the JYNNEOS dose to be administered between the layers of the skin (intradermally). Two doses of the vaccine given four weeks (28 days) apart will still be needed. There are no data available to indicate that one dose of JYNNEOS will provide long-lasting protection, which will be needed to control the current monkeypox outbreak.
Data from a 2015 clinical study of the MVA vaccine evaluated a two-dose series given intradermally compared to subcutaneously. Individuals who received the vaccine intradermally received a lower volume (one fifth) than individuals who received the vaccine subcutaneously. The results of this study demonstrated that intradermal administration produced a similar immune response to subcutaneous administration, meaning individuals in both groups responded to vaccination in a similar way. Administration by the intradermal route resulted in more redness, firmness, itchiness and swelling at the injection site, but less pain, and these side effects were manageable. The FDA has determined that the known and potential benefits of JYNNEOS outweigh the known and potential risks for the authorized uses.
To support the FDA's authorization of two doses of JYNNEOS administered by the subcutaneous route of administration in individuals younger than 18 years of age, the FDA considered the available JYNNEOS safety and immune response data in adults as well as the historical data with use of live vaccinia virus smallpox vaccine in pediatric populations.
JYNNEOS has been tested in individuals with immunocompromising conditions and has been found to be safe and effective in the trials that were performed to support approval. It was initially developed specifically as an alternative for use in immunocompromised individuals in the event of a smallpox outbreak.
On the basis of the determination by the Secretary of the Department of Health and Human Services on Aug. 9, 2022, that there is a public health emergency, or the significant potential for a public health emergency, that has a significant potential to affect national security or the health and security of United States citizens living abroad, and the declaration on Aug. 9, 2022, that circumstances exist justifying the emergency use of vaccines, the FDA may issue an EUA to allow emergency use of unapproved vaccines or unapproved uses of approved vaccines.
The FDA will provide updates as developments occur and will continue to work with federal public health partners and industry to ensure timely access to all available medical countermeasures. More information can be found on the agency's monkeypox webpage.
Additional Resources:
Media Contact: Abby Capobianco, 240-461-9059
Consumer Inquiries: Email, 888-INFO-FDA
The FDA, an agency within the U.S. Department of Health and Human Services, protects the public health by assuring the safety, effectiveness, and security of human and veterinary drugs, vaccines and other biological products for human use, and medical devices. The agency also is responsible for the safety and security of our nation's food supply, cosmetics, dietary supplements, products that give off electronic radiation, and for regulating tobacco products.
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SOURCE U.S. Food and Drug Administration | https://www.mysuncoast.com/prnewswire/2022/08/09/monkeypox-update-fda-authorizes-emergency-use-jynneos-vaccine-increase-vaccine-supply/ | 2022-08-09T21:20:42Z |
Kansas City man arrested in Jackson Co. on meth charges
Published: Aug. 21, 2022 at 10:31 AM CDT|Updated: 33 minutes ago
JACKSON CO., Kan. (WIBW) - A Kansas City man was arrested early Saturday morning on drug charges.
According to the Jackson County Sheriff’s Office, Arturo Garcia-Silva, 31, of Kansas City, Kansas was pulled over by a deputy near 150th and U.S. HWY 75 just before 3:45 a.m.
Over the course of the traffic stop, deputies located narcotics in the vehicle. Garcia-Silvia was arrested for possession of methamphetamine, possession of drug paraphernalia, interference with law enforcement, and driving on a suspended license.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/08/21/kansas-city-man-arrested-jackson-co-meth-charges/ | 2022-08-21T16:05:56Z |
Canada’s horrific knife rampage over as last suspect dies
ROSTHERN, Saskatchewan (AP) — The last suspect in a horrific stabbing rampage that killed 10 and wounded 18 in western Canada is dead following his capture, and police hope the stunning end to a gripping hunt that stretched into a fourth day will bring some peace to victims’ families.
One official said Myles Sanderson, 32, died from self-inflicted injuries Wednesday after police forced the stolen car he was driving off a highway in Saskatchewan. Other officials declined to discuss how he died, but expressed relief the final suspected killer was no longer on the loose.
“This evening our province is breathing a collective sigh of relief,” Assistant Commissioner Rhonda Blackmore, commander of the Royal Canadian Mounted Police in Saskatchewan, said at a news conference Wednesday night.
The other suspect, Sanderson’s 30-year-old brother, Damien Sanderson, was found dead Monday near the scene of the bloody knife attacks inside and around the James Smith Cree First Nation reserve early Sunday. Both men were residents of the Indigenous reserve.
Blackmore said Myles Sanderson was cornered as police units responded to a report of a stolen vehicle being driven by a man armed with a knife. She said officers forced Sanderson’s vehicle off the road and into a ditch. He was detained and a knife was found inside the vehicle, she said.
Sanderson went into medical distress while in custody, Blackmore said. She said CPR was attempted on him before an ambulance arrived, and emergency medical personnel then took him to a hospital, where he was pronounced dead.
“All life saving measures that we are capable of were taken at that time,” she said.
Blackmore gave no details on the cause of death. “I can’t speak to the specific manner of death,” she said.
But an official, who spoke on condition of anonymity, earlier said Sanderson died of self-inflicted injuries, without giving any further details.
Video and photos from the scene showed a white SUV off to the side of the road with police cars all around. Air bags had deployed in the SUV. Some photos and video taken from a distance appeared to show Sanderson being frisked.
An independent investigation by members of Saskatchewan’s Serious Incident Response Team went to the arrest site and will review Sanderson’s death and police conduct.
The federal public safety minister, Marco Mendicino, also stressed that the events will be investigated.
“You have questions. We have questions,” he told reporters during a Cabinet retreat in Vancouver, British Columbia, adding: “There will be two levels of police who will be investigating the circumstances of Myles Sanderson’s death.”
His death came two days after the body of Damien Sanderson was found in a field near the scene of the knife rampage. Police are investigating whether Myles Sanderson killed his brother.
Blackmore said that with both men dead, authorities will find it hard to figure out what set off the rampage.
“Now that Myles is deceased we may never have an understanding of that motivation,” she said.
But she said she hoped the families of the stabbing victims will find some comfort that neither of the Sandersons remains a threat.
“I hope that this brings them closure. I hope they can rest easy knowing that Myles Sanderson is no longer a threat to them.”
Some family members of the victims arrived at the scene Wednesday, including Brian Burns, whose wife and son were killed.
“Now we can start to heal. The healing begins today, now,” he said.
The stabbings raised questions of why Myles Sanderson — an ex-con with 59 convictions and a long history of shocking violence — was out on the streets in the first place.
He was released by a parole board in February while serving a sentence of over four years on charges that included assault and robbery. But he had been wanted by police since May, apparently for violating the terms of his release, though the details were not immediately clear.
His long and lurid rap sheet also showed that seven years ago, he attacked and stabbed one of the victims killed in Sunday’s stabbings, according to court records.
Mendicino, the public safety minister, has said there will be an investigation into the parole board’s assessment of Sanderson.
“I want to know the reasons behind the decision” to release him, Mendicino said. “I’m extremely concerned with what occurred here. A community has been left reeling.”
The Saskatchewan Coroner’s Service said nine of those killed were from the James Smith Cree Nation: Thomas Burns, 23; Carol Burns, 46; Gregory Burns, 28; Lydia Gloria Burns, 61; Bonnie Burns, 48; Earl Burns, 66; Lana Head, 49; Christian Head, 54; and Robert Sanderson, 49. The other victim was from Weldon, 78-year-old Wesley Patterson.
Authorities would not say if the victims might be related.
Mark Arcand said his half sister Bonnie and her son Gregory were killed.
“Her son was lying there already deceased. My sister went out and tried to help her son, and she was stabbed two times, and she died right beside him,” he said. “Right outside of her home she was killed by senseless acts. She was protecting her son. She was protecting three little boys. This is why she is a hero.”
Arcand rushed to the reserve the morning of the rampage. After that, he said, “I woke up in the middle of the night just screaming and yelling. What I saw that day I can’t get out of my head.”
As for what set off the violence, Arcand said: “We’re all looking for those same answers. We don’t know what happened. Maybe we’ll never know. That’s the hardest part of this.”
Court documents said Sanderson attacked his in-laws Earl Burns and Joyce Burns in 2015, knifing Earl Burns repeatedly and wounding Joyce Burns. He later pleaded guilty to assault and threatening Earl Burns’ life.
Many of Sanderson’s crimes were committed when he was intoxicated, according to court records. He told parole officials at one point that substance use made him out of his mind. Records showed he repeatedly violated court orders barring him from drinking or using drugs.
Many of Canada’s Indigenous communities are plagued by drugs and alcohol.
Myles Sanderson’s childhood was marked by violence, neglect and substance abuse, court records show. Sanderson, who is Indigenous and was raised on the Cree reserve, population 1,900, started drinking and smoking marijuana at around 12, and cocaine followed soon after.
In 2017, he barged into his ex-girlfriend’s home, punched a hole in the door of a bathroom while his two children were hiding in a bathtub and threw a cement block at a vehicle parked outside, according to parole documents.
He got into a fight a few days later at a store, threatening to kill an employee and burn down his parents’ home, documents said.
That November he threatened an accomplice into robbing a fast-food restaurant by clubbing him with a gun and stomping on his head. He then stood watch during the holdup.
In 2018, he stabbed two men with a fork while drinking and beat someone unconscious.
___
Associated Press writer Heather Hollingsworth in Kansas City contributed to this report.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/09/08/canadas-horrific-knife-rampage-over-last-suspect-dies/ | 2022-09-08T10:38:49Z |
In an unusual move for what’s been an unusual takeover bid by the world’s richest man for Twitter, Tesla CEO Elon Musk will address the social platform’s employees Thursday, even though his $44 billion offer has not yet been completed.
Twitter CEO Parag Agrawal announced an all-hands meeting to employees in an email on Monday, saying they’d be able to submit questions in advance, according to The Wall Street Journal.
The meeting is a “clear step in the right direction towards the chances of a deal happening and a smart strategic move as Twitter employees have been left in the dark over the past few months and have many questions during this volatile period of uncertainty,” said Wedbush analyst Daniel Ives.
Musk reached a deal to acquire Twitter in April, but he has clashed with the company repeatedly since then over the number of bots, or fake accounts, that exist on the social media platform. Musk said he was putting the deal on hold on May 13, although it seems unlikely that he can do that on his own. Musk said he needed more data from the company about those bot accounts, despite the fact that Twitter has reported its bot estimates — and its admission that they may be too low — to investors for years.
Twitter employees could have other reasons to be nervous about Musk’s impending takeover. The irascible billionaire has levied a barrage of criticism at the company, from its moderation and safety policies, which he terms a threat to “free speech,” to its anonymous user accounts, which he would like to eliminate, to its ban of former President Donald Trump, which he has pledged to reverse.
Harry Kraemer, a former CEO Baxter International and professor at Northwestern University’s Kellogg School of Management, pointed out that the deal is “not a guarantee until it is done” and there are still plenty of steps left in the process before the purchase can be completed.
“In my experience, it is very unusual and almost bizarre for someone who has not purchased the company to speak to current employees of the company he is looking to purchase,” Kraemer said.
If history is any guide, Musk might consider moving the company to Texas, as he did with Tesla’s headquarters in December 2021. An unabashed crypto devotee, he has floated ideas about accepting the cryptocurrency dogecoin as payment for premium accounts. Musk also once had Tesla purchase $1.5 billion in bitcoin and for a brief period allowed buyers to pay for their cars using cryptocurrency.
He’s also targeted Twitter’s work-from-home policy, having once called for the company’s headquarters to be turned into a “homeless shelter” because, he said, so few employees actually worked there. The comment also served as a thinly veiled jab at San Francisco, which has a large homeless population.
It’s not clear if this week’s meeting means that the two sides have come closer together on resolving their issues. Shares of Twitter have been trading well below the $54.20 per share that Musk has agreed to pay amid Wall Street doubts that the deal will be consummated. | https://cw33.com/news/musk-to-address-twitter-workers-in-effort-to-ease-concerns/ | 2022-06-16T19:01:47Z |
Tom Hanks has created a trivia game called "Hanx 101 Trivia," set to debut exclusively on Apple Arcade.
The subscription service game will feature more than 58,000 questions across multiple topics is is set to launch on Friday.
Tom Hanks has created a trivia game called "Hanx 101 Trivia," set to debut exclusively on Apple Arcade.
The subscription service game will feature more than 58,000 questions across multiple topics is is set to launch on Friday.
"Play, learn, compete and become a trivia master with 'Hanx 101 Trivia,' created and developed in partnership with actor and filmmaker Tom Hanks," Apple said in a statement announcing the game.
Hanks narrates the game for the players.
Apple Arcade launched in 2019. If you are a subscriber (at $4.99 per month) you can play the game on iPhones, iPads, Macs and Apple TV devices.
Players can choose solo games, or can team up with others or join a competition.
Hanks has teamed up with Apple before. In 2014, the company launched Hanx Writer, an app that makes typing sound like a manual typewriter.
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A receipt was sent to your email. | https://www.albanyherald.com/entertainment/tom-hanks-is-launching-a-trivia-game-on-apple-arcade/article_7dc47d84-4360-55dc-b682-b922c4f3cd53.html | 2022-08-31T15:35:20Z |
SHANGHAI, July 21, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China", NYSE: YUMC and HKEX: 9987) today announced that the Company has commenced the construction of the Yum China Supply Chain Management Center in Shanghai's Jiading district. The 61,000 square meter facility is Yum China's largest greenfield supply chain center project to date. The site is scheduled for completion in 2024 and will serve as the headquarters of the Company's supply chain operations.
"Our world-class supply chain is one of our key business enablers, and helped us mitigate the disruption impact of COVID-19. As part of our RGM strategic framework, we will continue to widen our strategic moat by investing in supply chain infrastructure to further enhance the agility and resiliency of our business," said Joey Wat, CEO of Yum China. "As our supply chain capabilities continue to go from strength to strength, we believe it will better support more stores, channels and products, while helping to drive long-term growth."
In addition to supporting Yum China's restaurants in eastern China, the new facility will serve as a key integrated cold chain transit hub for the region and support the Company's operations across the country. It will include ambient temperature storage, cold-chain storage, office space and supporting facilities. The Company will adopt modern automation solutions, three-dimensional storage technology to optimize the use of the storage space, and leverage the latest digital technologies to build a smart supply chain management platform. The Company will also deploy rooftop solar panels and wind power generation equipment to reduce carbon emissions.
Since entering China 35 years ago, Yum China has continuously invested in building a world-class supply chain management system, covering supplier and upstream management, logistics and distribution management, and restaurant management. By the end of March 2022, Yum China had 32 logistics centers serving over 12,000 restaurants covering more than 1,700 cities nationwide. The Company also announced during its 2021 Investor Day that it intended to expand its logistics network to 45 to 50 logistics centers over the next five years.
In recent years, Yum China has embarked on a journey to establish an intelligent supply chain that helps ensure food safety and quality management throughout the value chain. The Company has also developed transportation management system (TMS) to optimize route planning and vehicle loading rates. The warehouse management system (WMS) is also in place to enable product e-tracking from suppliers to logistics centers and to restaurants. Utilizing IoT and AI, Yum China's logistic centers provide real-time monitoring of products and the ambient temperature in in-transit vehicles across the country.
Yum China also utilizes the extra capacity of its logistics facilities to provide one-stop customized solutions to third parties. To do this, in 2020, the Company established Chuan Sheng Supply Chain, an entity that focuses on providing high-quality professional cold chain logistics, trunk transportation, urban distribution and related value-added services.
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. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as "expect," "expectation," "believe," "anticipate," "may," "could," "intend," "belief," "aim," "plan," "estimate," "target," "predict," "project," "ambition" "likely," "will," "continue," "should," "forecast," "outlook," "look forward to" or similar terminology. These statements are based on current estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors that we believe, are appropriate and reasonable under the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct. Forward-looking statements are not guarantees of performance and are inherently subject to known and unknown risks and uncertainties that are difficult to predict and could cause our actual results or events to differ materially from those indicated by those statements. We cannot assure you that any of our expectations, estimates, or assumptions will be achieved. The forward-looking statements included in this press release are only made as of the date of this press release, and we disclaim any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances, except as required by law. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. You should consult our filings with the Securities and Exchange Commission (including the information set forth under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations " in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q) for additional detail about factors that could affect our financial and other results.
About Yum China Holdings, Inc.
Yum China Holdings, Inc. is a licensee of Yum! Brands in mainland China. It has exclusive rights in mainland China to KFC, China's leading quick-service restaurant brand, Pizza Hut, the leading casual dining restaurant brand in China, and Taco Bell, a California-based restaurant chain serving innovative Mexican-inspired food. Yum China also owns the Little Sheep, Huang Ji Huang, and COFFii & JOY concepts outright. In addition, Yum China has partnered with Lavazza to explore and develop the Lavazza coffee shop concept in China. The Company had 12,117 restaurants in over 1,700 cities at the end of March 2022.
In 2021, Yum China has been selected as a member of both Dow Jones Sustainability Indices (DJSI): World Index and Emerging Market Index. In 2022, Yum China ranked # 359 on the Fortune 500 list. The Company was also named to the Bloomberg Gender-Equality Index and was certified as a Top Employer 2022 in China by the Top Employers Institute, both for the fourth consecutive year. For more information, please visit http://ir.yumchina.com.
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SOURCE Yum China Holdings, Inc. | https://www.kxii.com/prnewswire/2022/07/21/yum-china-announces-groundbreaking-new-supply-chain-management-center-shanghai/ | 2022-07-21T09:47:40Z |
Dear Annie: I’m feeling conflicted about my phone. Recently, I deleted all my social media apps — Instagram, TikTok, Twitter — because I was getting so frustrated about all the time I waste on them. I would just open and close them 100 times a day and waste hours endlessly scrolling. Out of all the content I consumed, probably 95% of it was useless. It was just a convenient distraction.
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BEIJING (AP) — The latest “Minions” movie subtly reinforces a message for Chinese audiences that viewers in other countries won’t see: Crime doesn’t pay.
A postscript added to the version in Chinese cinemas says a villainous character, who ends the movie as a free man, is later jailed for 20 years.
Foreign films have long been targeted in China for references to subjects sensitive to the ruling Communist Party, such as Taiwan, the Dalai Lama and human rights. In recent years, China’s film board appears to have expanded its purview to ensure that films deliver the right message, and not one deemed harmful.
That can be a challenge in a movie in which the central character is a villain. “Minions: The Rise of Gru” is a prequel that tells the story of the early years of Gru, the bumbling criminal plotter of the “Despicable Me” animated series.
The solution: Add individual postscripts about the characters, a series of them, interspersed with the credits at the end.
One says that Wild Knuckles, an older, mentor-like villain to the young Gru, was later bundled off to prison for 20 years. Before the credits, he simply drives off into a suburban horizon.
The postscript for Gru says he gives up evil, joins the good guys and, in his biggest accomplishment, is the father of three daughters.
The actual story, told in the original “Despicable Me” in 2010, is a bit more complicated. Gru adopts three orphan girls for his plot to steal the moon. But the adorable orphans, who see in him a dad, melt his icy heart.
Chinese movie bloggers pointed out the added postscripts in social media posts, drawing varying reactions. Some people said the additions were an overreaction to what is an animated comedy. Others said they demonstrated correct values, especially for kids.
“I think the ending with positive energy doesn’t have to exist at all,” said one cinema goer, Jenny Jian. “It’s totally unnecessary.”
Positive energy is a catch phrase that emerged in China about a decade ago and has been promoted by the Communist Party to push for uplifting messages from the media and the arts, according to the China Media Project, which monitors media trends.
The China Film Administration, which oversees the film board, did not respond to faxed questions. The distributors, China Film Co, and Huaxia Film Distribution Co., did not respond to emails.
China doesn’t have a film rating system that assesses a movie’s suitability for different audiences. Instead, authorities ask producers to delete or alter what they consider inappropriate before movies are approved for release.
“Minions: The Rise of Gru,” which has taken in 114 million yuan ($17 million) at the box since opening in China on Aug. 19, is hardly the first time Chinese authorities have altered a movie’s end.
In “Peppermint,” a 2018 movie about a vigilante, the main character is handcuffed to a hospital bed. A sympathetic detective slips her a key and, in the final scene, the bed is empty with the handcuffs swinging open on its railing.
The truncated Chinese version ends with her still in bed, before she gets the key.
___
Associated Press news assistant Caroline Chen contributed to this report. | https://cw33.com/entertainment-news/ap-entertainment/ap-china-adds-postscript-to-minions-showing-crime-doesnt-pay/ | 2022-08-26T11:09:03Z |
PITTSBURGH, May 16, 2022 /PRNewswire/ -- "I wanted a device to help me stay off of my phone while in the car," said the inventor from St. Petersburg, Fla. "I thought of this idea to easily give commands to a voice activated device that can read texts, send texts, play music, help with navigation and more."
He invented the CAR BUDDY that is a hands-free cellular telephone assistant for motorists that can be activated by speaking, allowing the driver to focus. This device would follow commands and converse with the driver to keep both hands on the serving wheel and eliminate any type of distraction. Additionally, this will provide peace of mind for concerned motorists by creating a hands-free, user-friendly communicating device.
The original design was submitted to the Tampa sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-TLS-167, 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/2022/05/16/inventhelp-presents-automated-car-communication-system-tls-167/ | 2022-05-16T20:03:06Z |
BURNSVILLE, Minn., June 21, 2022 /PRNewswire/ -- Inspired Spine reached the milestone of completing 1,500 Oblique Lateral Lumbar Interbody Fusion (OLLIF) procedures. This minimally invasive surgical technique is designed to improve the performance of lumbar interbody fusions by delivering superior outcomes including less patient recovery time and minimal blood loss, while requiring a procedure duration as short as 30 minutes.
The OLLIF procedure is a minimally invasive lumbar fusion technique that employs an incision of 15mm, produces up to 90% less blood loss than a traditional fusion, and requires no muscle detachment to access the disc space.
Many patients are ambulatory within two hours after surgery and are often discharged the same day. No deep infections have occurred during the first 1,500 procedures.
Inspired Spine has published 8 peer reviewed studies (6 of which are related to the OLLIF procedure). One study that has been published and presented at meetings has demonstrated that, due to its reduced surgical time and shorter required hospital stay duration, the OLLIF procedure has saved hospitals an average of US$9500 per case while improving patient outcomes.
Inspired Spine has also developed two derivative lumbar fusion techniques from the OLLIF approach: 1) MIS-DLIF and 2) MIS-DTIF (Each have a published peer review study). MIS-DLIF is intended to allow minimally invasive lumbar fusions to be successfully performed at L5-S1, overcoming the obstacles presented by the ala of the sacrum and the iliac crest. MIS-DTIF is designed to allow minimally invasive fusion of the thoracic levels of the spine, eliminating the risks associated with traditional thoracic approaches. Inspired Spine is the only provider they are aware of in the country who performs this procedure.
Inspired Spine is a Minnesota based, innovative total spine health company, that offers procedures that optimize the way lumbar fusions are performed and give patients chronic back pain relief. Inspired Spine methods result in less recovery time, less blood loss, and a procedure time as low as 30 minutes. Patients travel from all over the country to receive this revolutionary care. Inspired Spine also holds training labs throughout the year where surgeons come in from around the world to learn this minimally invasive procedure and bring it back to their practices.
Call us at 952-405-6714 for more information on the procedures or to set up a complimentary MRI review.
For more information on Inspired Spine Health please email Mike Hanson.
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SOURCE Inspired Spine | https://www.kxii.com/prnewswire/2022/06/21/inspired-spine-announces-completion-over-1500-ollif-oblique-lateral-lumbar-interbody-fusion-procedures/ | 2022-06-21T18:28:13Z |
Leave the driving to someone else and keep more money in your wallet with a wine trolley service that beats other California wine tasting destinations
SANTA MARIA, Calif., July 19, 2022 /PRNewswire/ -- The bags are packed, and you're all set for your California wine country getaway. You're so close you can almost taste the crisp chardonnays and sophisticated pinot noirs that Santa Maria Valley is famous for. Though you're geared up and ready for a long-overdue wine country weekend, consider this; once there, how can you safely get from one winery to the next without breaking the bank?
This summer, Santa Maria Valley invites travelers to leave the driving to someone else and explore local wineries and tasting rooms on the Santa Maria Wine Trolley. In line with its Beat Inflation Vacation, the cost to ride the trolley beats neighboring vacation destinations when evaluating strictly price comparisons. While not necessarily an apples-to-apples comparison (some destination trolleys include lunch or more stops), the stark price difference makes the Santa Maria Wine Trolley a viable option for travelers looking to explore California wine country on a budget.
- Santa Maria Wine Trolley – $15 per person in advance, $18 per person at the trolley
- Napa Valley Wine Trolley – $125
- Sonoma County Wine Trolley – $125
- Livermore Wine Trolley – $99
- Temecula Valley Cable Car Wine Tours – $139
Starting at Costa de Oro Winery, wine trolley participants can explore Santa Maria Valley at their own pace, without feeling rushed or on someone else's agenda. While the entire route takes approximately 60 minutes, passengers can step on and off at their convenience. A complete schedule of the Wine Trolley's stops is available online. Decals on the trolley windows include a QR code directing back to the schedule on the Santa Maria Valley website as well.
Stops include Amplify Wines; Old Orcutt at Broadway & Clark, where travelers can explore quaint shops, delicious restaurants and inviting tasting rooms; Costa de Oro Winery, located next to a favorite barbecue pit stop–Cool Hand Luke's; and Cottonwood Canyon Winery. Tickets can be purchased at a variety of easy-to-access locations throughout Santa Maria Valley.
"With 34 tasting rooms within a 30-minute drive, Santa Maria Valley is the perfect home base on the central California coast where you can eat, drink and do more for less," Jennifer Harrison, Santa Maria Valley's Tourism Director, said. "The Wine Trolley not only offers our visitors a great way to explore many of our amazing wineries, restaurants and shops in the area, but it is also a fantastic example of how much further our visitors' dollars can go."
With so much added value, it's natural to be skeptical. Here's what others are saying about Santa Maria Valley wine country:
- Wine Enthusiast: A Sustainability Leader, Santa Barbara County Is the Wine Region of the Year
- Forbes: Santa Barbara Is the Most Exciting Wine Destination In The U.S.
(Hint: Santa Maria Valley is home to one of the world's most dynamic wine-growing regions on the northern perimeter of Santa Barbara County.)
The Santa Maria Wine Trolley runs Fridays, Saturdays and Sundays through Oct. 16, 2022, plus Labor Day Monday. Learn more about ways to save in Santa Maria Valley at santamariavalley.com/save.
Serving the greater Santa Maria Valley in the heart of California's Central Coast, the Santa Maria Valley Chamber of Commerce and Visitors Bureau is a nonprofit association that facilitates local tourism and provides information on the region's many attractions and visitor services. Famed for its fine wines, natural wonders, agricultural heritage and flavorful barbecue, the Santa Maria Valley offers a broad range of cultural, sporting and historical experiences. For details on Santa Maria Valley lodging, wine tasting, travel deals and e-newsletter alerts, visit santamariavalley.com or call (800) 331-3779.
Media Contact: Nicole Shearer
nicole.shearer@kps3.com | 530-448-6485
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SOURCE Santa Maria Valley | https://www.kxii.com/prnewswire/2022/07/19/wine-tasting-santa-maria-style-with-santa-maria-wine-trolley/ | 2022-07-19T13:48:27Z |
ATLANTA, June 27, 2022 /PRNewswire/ -- Graphic Packaging Holding Company (NYSE: GPK), (the "Company"), will announce second quarter 2022 financial results before the market opens on Tuesday, July 26th, with a conference call to discuss results at 10:00 a.m. ET.
The conference call will be webcast and can be accessed from the investors section of the Graphic Packaging website at www.graphicpkg.com. Participants may also listen via telephone by using the following dial-in numbers:
- 844-200-6205 from the United States,
- 833-950-0062 from Canada, and
- 929-526-1599 from outside the United States and Canada.
Telephone participants are required to provide the conference ID 798328 and should call at least 10 minutes prior to the start of the conference call. The webcast will be archived and available for replay beginning at approximately 1:00 p.m. ET on July 26th.
The Company has also set Tuesday, October 25, 2022 as the tentative date for the release of third quarter 2022 financial results.
Graphic Packaging Holding Company (NYSE: GPK), headquartered in Atlanta, Georgia, is committed to providing consumer packaging that makes a world of difference. The Company is a leading provider of sustainable fiber-based packaging solutions to the world's most widely-recognized food, beverage, foodservice and other consumer products companies and brands. The Company operates on a global basis, is one of the largest producers of folding cartons and fiber-based foodservice products in the United States and Europe, and holds leading market positions in coated recycled paperboard, coated unbleached kraft paperboard and solid bleached sulfate paperboard. Additional information about Graphic Packaging, its business and its products is available at www.graphicpkg.com.
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SOURCE Graphic Packaging Holding Company | https://www.mysuncoast.com/prnewswire/2022/06/27/graphic-packaging-holding-company-host-second-quarter-earnings-conference-call-july-26/ | 2022-06-27T13:09:02Z |
BATTLE CREEK, Mich., Aug. 31, 2022 /PRNewswire/ -- Kellogg Company (NYSE: K) will webcast a fireside chat at the Barclays 2022 Global Consumer Staples Conference at 8:15 am EDT, Wednesday, September 7, 2022.
Speaking on behalf of Kellogg Company will be Steve Cahillane, Chairman and Chief Executive Officer.
At Kellogg Company (NYSE: K), our vision is a good and just world where people are not just fed but fulfilled. We are creating better days and a place at the table for everyone through our trusted food brands. Our beloved brands include Pringles®, Cheez-It®, Special K®, Kellogg's Frosted Flakes®, Pop-Tarts®, Kellogg's Corn Flakes®, Rice Krispies®, Eggo®, Mini-Wheats®, Kashi®, RXBAR®, MorningStar Farms® and more. Net sales in 2021 were nearly $14.2 billion, comprised principally of snacks as well as convenience foods like cereal, frozen foods, and noodles. As part of our Kellogg's® Better Days ESG strategy, we're addressing the interconnected issues of wellbeing, climate and food security, creating Better Days for 3 billion people by the end of 2030. Visit www.KelloggCompany.com.
K-FIN
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SOURCE Kellogg Company | https://www.wibw.com/prnewswire/2022/08/31/kellogg-company-webcast-presentation-barclays-2022-global-consumer-staples-conference/ | 2022-08-31T17:59:05Z |
New mounted police units in Manatee County
MANATEE COUNTY, Fla. (WWSB) - The Manatee County Sheriff’s office debuted their new horse patrol over Easter weekend strolling along the beach.
In a recent tweet, the Sheriff’s office shared a picture of the two horses, Grady who is a four year old Percheron Taladon Paint cross and Blue, a ten year old Morgan cross.
The horses are still in training and the Sheriff’s office encourages residents to stop and say hello if you see them out and about.
Meet Grady & Blue, our newest mounts! Grady (left) is a 4 yr-old Percheron Taladon Paint cross. Blue (right) is a 10 yr-old Morgan cross.
— Manatee Sheriff (@ManateeSheriff) April 18, 2022
Their first beach detail was this weekend. They’re still training so if you see them out, make sure to say hi and welcome them! 🐴 pic.twitter.com/260oBo1tp6
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/04/19/new-mounted-police-units-manatee-county/ | 2022-04-20T06:38:31Z |
A Central Texas man was arrested Tuesday after police said he secretly recorded two teens and a woman in the bathroom of a house.
Michael Francis Codianna, 37, of Temple, was arrested on three counts of invasive recording in a restroom, a state jail felony.
According to an arrest affidavit filed by the Bell County Sheriff’s Department on May 17, on March 25, deputies responded to a residence on the 200 block of Salem in Belton to a disturbance.
At the scene, police interviewed a woman who told them she discovered that Codianna recorded three females in a bathroom, ages 14, 18 and 68.
The next day, the affidavit said, deputies interviewed Codianna, and after having his rights explained to him, he talked to investigators.
Codianna reportedly admitted to recording the three females while they were in the residence’s bathroom.
The woman provided investigators with a cellphone, laptops and a mini spy camera that allegedly belonged to Codianna, the affidavit said.
After obtaining a search warrant to see the contents of the electronics, the affidavit said investigators recovered numerous explicit videos of the three females that were taken without their consent.
Court records showed the woman filed for a protective order against Codianna at the 478th Judicial District Court on April 28. A hearing for the order is scheduled for June 1.
Codianna was held at the Bell County Jail on Wednesday in lieu of bonds totaling $150,000. | https://www.tdtnews.com/news/central_texas_news/article_d3853370-d6f2-11ec-b067-ef13c107e476.html | 2022-05-18T22:34:20Z |
“His primary symptoms, though less troublesome, now include sore throat, rhinorrhea, loose cough and body aches,” Dr. Kevin O’Connor wrote. “His voice remains deep. His pulse, blood pressure, respiratory rate and temperature remain entirely normal. His oxygen saturation continues to be excellent on room air. His lungs remain clear.”
Biden completed his second full day of the Paxlovid on Friday night, and will continue to receive the antiviral drug, O’Connor said.
O’Connor wrote that Biden’s “causative agent” is “most likely” the BA.5 Covid-19 variant, which he notes “is responsible for 75-80% of infections in the United States at this time.”
Biden will “continue to isolate in accordance with Centers for Disease Control and Prevention (CDC) recommendations,” O’Connor said, and being treated with oral hydration, Tylenol and low dose aspirin as an alternative type of blood thinner.
O’Connor said Biden, who had asthma when he was younger, will also continue to be treated with his albuterol inhaler “as needed,” which he has used a few times since testing positive.
“We have a reason to believe that (Biden) will do very well,” Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, told CNN’s Amara Walker on Saturday morning.
While he hasn’t spoken directly to the President, Fauci said he’s been in “very close contact” with O’Connor following Biden’s positive test result this week.
Fauci said Biden “has no trouble breathing at all right now” and that that using an inhaler is what Biden “does regularly, when he gets an upper respiratory infection.”
At 79 years old, Biden is at an increased risk for a more severe case of Covid-19 due to his age, but he’s fully vaccinated and twice boosted — which the CDC says reduces risk of hospitalization and death for older adults.
O’Connor has been providing written updates about Biden’s illness and health status but has yet to publicly answer questions about it.
The White House medical unit will continue monitoring Biden “closely,” O’Connor said.
First lady Jill Biden, who is a close contact to the President, tested negative for Covid-19 on Saturday, her spokesperson Michael LaRosa said. She is not experiencing any Covid-19 symptoms and continues to remain at their home in Wilmington, Delaware.
Thursday marked “Day 0” of the President’s Covid-19 timeline, meaning he would be in isolation until at least Tuesday in accordance to the CDC’s guidelines.
But Fauci confirmed to CNN on Saturday that Biden would be leaving isolation once he tests negative for Covid-19, straying from CDC guidance.
Rebekah Riess and Veronica Stracqualursi contributed to this report.
“You have to really go by the circumstances that you’re in,” Fauci said. “The President is in a position to be able to test every day and wait till he becomes negative before he goes back. But that doesn’t mean that everyone has to do that.”
This story has been updated with additional information.
The L&G Education Foundation brought a group of former and current star athletes this week to provide fun activities and life lessons to about 100 participants in the Albany Recreation & Parks Department's summer camp participants. The program teaches character education, with small … Click for more.
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First Quarter Revenues of RMB 315.1 million
First Quarter GMV of RMB 731.5 million
SHANGHAI, Sept. 15, 2022 /PRNewswire/ -- Boqii Holding Limited ("Boqii" or the "Company") (NYSE: BQ), a leading pet-focused platform in China, today announced its unaudited financial results for the first quarter of fiscal year 2023 (the quarter ended June 30, 2022).
Fiscal Q1 2023 Operational and Financial Highlights
- Total revenues were RMB315.1 million (US$47.0 million), compared to RMB321.8 million in the same quarter of fiscal year 2022.
- Operating loss was RMB9.8 million (US$1.5 million), representing a decrease of 76.4% compared to RMB41.5 million in the same quarter of fiscal year 2022.
- Net loss was RMB12.4 million (US$1.9 million), representing a decrease of 66.8% from net loss of RMB37.4 million in the same quarter of fiscal year 2022.
- Non-GAAP net loss was RMB10.5 million (US$1.6 million), representing a decrease of 66.7% from non-GAAP net loss of RMB31.5 million in the same quarter of fiscal year 2022.
- EBITDA[1] was a loss of RMB9.0 million (US$1.3 million), representing a decrease of 74.6% from a loss of RMB35.6 million in the same quarter of fiscal year 2022.
- Total GMV[2] was RMB731.5 million (US$109.2 million), compared to RMB792.1 million in the same quarter of fiscal year 2022.
- Active buyers were 1.8 million, representing an increase of 11.4% from 1.6 million in the same quarter of fiscal year 2022.
CEO & CFO Quote
Mr. Hao Liang, Boqii's Founder, Chairman and Chief Executive Officer commented, We maintained solid growth in the first quarter of fiscal 2023 despite the ongoing impact of COVID-19. By further integrating upstream and downstream industry chain resources, we optimized product categories and adjusted product mix to accelerate the gross margin growth and user engagement. Gross margin continued to see strong growth, which increased by 490 basis points to 22.4% compared to the same period last year. Active buyers rose 11.4% YOY to 1.8million. We are glad that we were able to deliver encouraging results and remain optimistic in our future development.
Ms. Yingzhi (Lisa) Tang, Boqii's Co-Founder, Co-CEO and CFO commented: Supported by our proven business model,engaging community, and expansive outreaching channel, we delivered outstanding results under the challenging circumstances. In this quarter, our non-GAAP net loss narrowed down to RMB10.5million, representing a decrease of 66.7% from non-GAAP net loss of RMB31.5 million in the same period last year, which shows our potential to reach profitability. We are committed to enhance our value chain position as an end-to-end connector, while continuously improving profitability, creating values for both our users and shareholders.
Fiscal Q1 2023 Financial Results
Total revenues were RMB315.1 million (US$47.0 million), compared to RMB321.8 million in the same quarter of fiscal year 2022.
Gross profit was RMB 70.7 million (US$10.5 million), representing an increase of 25.3% from RMB56.4 million in the same quarter of fiscal year 2022.
Gross margin was 22.4%, representing an increase of 490 basis points from 17.5% in the same quarter of fiscal 2022, which is primarily due to improvement of gross margin of private label products and increased proportion of pet supplies and health care products with higher margins.
Operating expenses were RMB80.6million, representing a decrease of 17.7% from RMB97.9 million in the same quarter of fiscal year 2022. Operating expenses as a percentage of total revenues was 25.6%, down from 30.4% in the same quarter of fiscal year 2022.
Fulfillment Expenses were RMB37.4 million, compared to RMB32.9 million in the same quarter of fiscal year 2022. Fulfillment expenses as a percentage of total revenues were 11.8%, compared to 10.2% in the same quarter of fiscal year 2022. The increase was primarily due to increased shipping and handling expenses, which resulted from temporary logistics price increases and transportation restrictions due to the outbreak of Covid-19 in Shanghai starting from April 2022.
Sales and marketing expenses were RMB31.7 million, representing a decrease of 30.3% from RMB45.5 million in the same quarter of fiscal year 2022. The decrease was primarily due to the decline of advertising expenses amount to RMB14 million resulting from(i) the lower expenditure for cost saving; (ii) the increased proportion of revenue generated from more cost-efficient channels. Sales and marketing expenses as a percentage of total revenue were 10.1%, down from 14.1% in the same quarter of fiscal year 2022.
General and administrative expenses were RMB11.5 million, representing a decrease of 41.0% from RMB19.6 million in the same quarter of fiscal year 2022. The decrease was primarily due to:(i) the decline of share-based compensation expense of RMB6.0 million, resulting form the cancellation of options corresponding to employee departures; (ii) the decline of professional fees amount to RMB1.2 million compared with the same quarter of fiscal year 2022, General and administrative expenses as a percentage of total revenue were 3.7%, down from 6.1% in the same quarter of fiscal year 2022.
Operating loss was RMB9.8 million (US$1.5 million), representing a decrease of 76.4% compared to RMB41.5 million in the same quarter of fiscal year 2022.
Net loss was RMB12.4 million (US$1.9 million), representing a decrease of 66.8% compared to net loss of RMB37.4 million in the same quarter of fiscal year 2022.
EBITDA was a loss of RMB9.0 million (US$1.3 million), representing a decrease of 74.6% compared to a loss of RMB35.6 million in the same quarter of fiscal year 2022.
Non-GAAP net loss was RMB10.5 million (US$1.6 million), representing a decrease of 66.7% compared to non-GAAP net loss of RMB31.5 million in the same quarter of fiscal year 2022.
Diluted net loss per share was RMB0.18 (US$0.03), compared to diluted net loss per share of RMB0.52 in the same quarter of fiscal year 2022.
Total cash and cash equivalents and short-term investments were RMB247.4 million (US$36.9 million), compared to RMB290.9 million as of March 31, 2022.
Conference Call
Boqii's management will hold a conference call to discuss the financial results at 8:00 AM on Thursday September 15, 2022, U.S. Eastern Time (8:00 PM on Thursday, September 15, 2022, Beijing/Hong Kong Time).
To join the conference, please dial in 15 minutes before the conference is scheduled to begin using below numbers.
A replay of the conference call may be accessed by phone at the following numbers until September 15, 2022.
A live and archived webcast of the conference call will be available on the Company's investor relations website at http://ir.boqii.com/.
About Boqii Holding Limited
Boqii Holding Limited (NYSE: BQ) is a leading pet-focused platform in China. We are the leading online destination for pet products and supplies in China with our broad selection of high-quality products including global leading brands, local emerging brands, and our own private label, Yoken and Mocare, offered at competitive prices. Our online sales platforms, including Boqii Mall and our flagship stores on third-party e-commerce platforms, provide customers with convenient access to a wide selection of high-quality pet products and an engaging and personalized shopping experience. Our Boqii Community provides an informative and interactive content platform for users to share their knowledge and love for pets.
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. 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. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward- looking statements involve inherent risks and uncertainties. Further information regarding such risks, uncertainties or factors is included in the Company's filings with the SEC. 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.
Non-GAAP Financial Measures
The Company uses non-GAAP financial measures, namely non-GAAP net loss, non-GAAP net loss margin, EBITDA and EBITDA margin, in evaluating its operating results and for financial and operational decision-making purposes. The Company defines (i) non-GAAP net loss as net loss excluding fair value change of derivative liabilities and share-based compensation expenses, (ii) non-GAAP net loss margin as non-GAAP net loss as a percentage of total revenues, (iii) EBITDA as net loss excluding income tax expenses, interest expense, interest income, depreciation and amortization expenses, (iv) EBITDA margin as EBITDA as a percentage of total revenues. The Company believes non-GAAP net loss, non-GAAP net loss margin, EBITDA and EBITDA margin enhance investors' overall understanding of its financial performance and allow for greater visibility with respect to key metrics used by its management in its financial and operational decision-making.
These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. As these non-GAAP financial measures have limitations as analytical tools 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. The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measures, which should be considered when evaluating the Company's performance. For reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the section of the accompanying tables titled, "Reconciliation of GAAP and non-GAAP Results." The Company encourages investors and others to review its financial information in its entirety and not rely on any single financial measure.
Exchange Rate
This press release contains translations of certain RMB amounts into U.S. dollars ("USD") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to USD were made at the rate of RMB6.6981 to US$1.00, the noon buying rate in effect on June 30, 2022 in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or USD amounts referred to could be converted into USD or RMB, as the case may be, at any particular rate or at all.
For investor and media inquiries, please contact:
In China:
Boqii Holding Limited
Investor Relations
Tel: +86-21-6882-6051
Email: ir@boqii.com
DLK Advisory Limited
Tel: +852-2857-7101
Email: ir@dlkadvisory.com
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SOURCE Boqii Holding Limited | https://www.kxii.com/prnewswire/2022/09/15/boqii-announces-fiscal-2023-first-quarter-unaudited-financial-results/ | 2022-09-15T10:19:53Z |
Anyone can get monkeypox, but in the latest outbreak, the virus is predominantly spreading among gay and bisexual men. Officials noted Monday that most of the people affected reported some level of sexual activity.
That doesn't mean the virus is sexually transmitted, but officials say it shows that prolonged skin-to-skin contact is one of the major ways monkeypox is now spreading.
As of Monday evening, data from the US Centers for Disease Control and Prevention shows 1,972 probable or confirmed monkeypox cases in the US.
As of now, the risk of monkeypox is low, according to the CDC, but public health experts say there are still things you can do to protect yourself, especially if you're in the pool of higher-risk people.
That pool includes men who have sex with men, particularly those who have had multiple sexual partners in the past two weeks in an area with known monkeypox cases.
Here's what to know.
How monkeypox spreads
Symptoms usually start within three weeks of exposure to the monkeypox virus and last two to four weeks.
The virus typically triggers a rash with lesions that can be extremely painful. The pain may even be enough to push some people to go to the hospital, but that seems to be rare.
The rash often starts on the face and spreads to other parts of the body, the CDC says. Some people will also have a fever at first.
A person with monkeypox can give the virus to others at any point until their rash has healed, the scabs have fallen off and they have a fresh layer of skin on the affected area.
The virus transmits primarily though close, skin-on-skin physical contact, but it can also spread when you touch objects like sheets or towels that may have been used by somebody with monkeypox, as well as through close face-to-face interactions like kissing.
This outbreak is a little different
The latest outbreak looks a little different, according to Dr. Demetre Daskalakis, director of the CDC's Division of HIV/AIDS Prevention.
Monkeypox isn't considered a sexually transmitted disease, but most people who have gotten it in the US recently report some level of sexual activity, he said Monday. That can include penetrative encounters as well as oral sex.
"Some people have had the rash all over their body or different parts of their body, but there are many who are presenting with the genital and anal lesions as their first indication of illness," Daskalakis said. "That sort of speaks for that close prolonged contact."
The virus may theoretically be transmitted through respiratory droplets, he said, but the CDC is not seeing that happen in this outbreak.
"I can't prove how efficient it is. It doesn't seem to be very efficient. So it's more contact with skin to skin, more than face-to-face contact.
"But in the harm reduction discussion, it's really important to say what we know and don't know," Daskalakis said. "It's just important for folks to know that it's not impossible to transmit monkeypox that way so they can really adjust behavior as needed."
Parties vs. bars
Scientists are still studying how monkeypox is spreading in this outbreak, but they say people don't seem to be getting sick after, say, walking past someone or giving them a hug and brushing past a lesion on their skin.
"If it's a hug that doesn't necessarily include a shirt, there's a theoretical risk of transmission there, but that's not what we're hearing in terms of what's happening with our cases, so it's lower risk. I can't say zero risk," Daskalakis said.
Rather, it's longer contact that seems to be responsible for most cases now. "If you were to ask me how long 'long' is, I can't answer that question, but it seems as if it's possible that this is not being transmitted by a light brush," Daskalaskis said.
A circuit party, a large dance party that can attract thousands of men and last through a night or weekend, could be one way the virus spreads. Dancing shirtless at a party that has good ventilation, without interacting with someone who has visible lesions, is probably low-risk. If there's an after-party that leads to sex, that's much riskier.
In enclosed spaces such as back rooms, saunas or sex clubs, or at sex parties where there's often anonymous contact with multiple partners, there may be a higher likelihood of spreading monkeypox, the CDC says.
A typical gay bar where people go to hang out is different.
"Socializing is a part of what [LGBTQ people] do. So I don't think that it's something that we stop. It's just sort of important to have awareness how monkeypox transmits and you're aware of your own risk and how to mitigate that risk," Daskalakis said.
How to protect yourself
Researchers are also investigating whether the virus can be spread by someone who has no symptoms, or through semen, vaginal fluids and fecal matter, according to the CDC.
The CDC says that wearing a condom may help, but alone, it probably will not protect against the spread of monkeypox. However, the agency still emphasizes that condoms can prevent other sexually transmitted infections.
There is a vaccine to protect against monkeypox, but demand for it far outstrips supply.
One thing people can do to protect themselves until the supply improves is to avoid contact with those who are clearly infected, especially close face-to-face contact like kissing.
"In line with our harm reduction guidance, thinking about reducing your number of partners, potentially trying to avoid anonymous contacts ends up being smart from the perspective of decreasing the risk of exposure," Daskalakis said.
The CDC says people might want to reduce skin contact as much as possible by having sex with clothes on or after covering areas where the rash is present.
If you choose to have sex with someone who has monkeypox or who might have been exposed to it, talk about the virus ahead of time.
Officials also say to keep in mind that their advice could change as scientists learn more. It may change if monkeypox starts to spread through other contact, such as when people live closely together in places like homeless shelters or when people play full-contact sports.
"I think the most important thing is that it's good to have awareness and some level of worry about some of these things, but it's not paralysis," Daskalakis said. "Realistically speaking, skin-on-skin contact of any variety theoretically can transmit monkeypox, but what we're seeing is, you kind of have to work at it a bit."
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/features/health/monkeypox-is-on-the-rise-in-the-lgbtq-community-heres-what-to-know/article_d32b07de-6f6d-5b00-ab9d-293adece667f.html | 2022-07-19T00:46:04Z |
Plan calls for AT&T Fiber with speeds of up to 5 Gigs to help close the digital divide in Texas Panhandle city
AMARILLO, Texas, June 28, 2022 /PRNewswire/ -- The city of Amarillo today announced a $24M project with AT&T* to build its state-of-the-art fiber network to more than 22,000 customer locations throughout the city. The project proposes providing access to AT&T Fiber for homes, businesses and government agencies in the city center. The project is contingent upon funding approval by the city of Amarillo and a final contract between AT&T and the city.
"The city of Amarillo broadband access plan is one of the more significant technological infrastructure advancements in city history," said Amarillo Mayor Ginger Nelson. "Amarillo is taking the lead in ensuring all its residents have access to the world wide web and its countless uses – from education to workforce development to health care and more. AT&T, with a longtime tradition of excellence in communication, is the perfect company for this historic project that will benefit the entire Amarillo community and serve as a template for other cities and communities to follow on how to connect their residents in the digital age."
AT&T has been building communications networks in Texas for more than 140 years and is currently the nation's largest fiber internet provider.1 In 2021, AT&T made fiber available in more than 300,000 new locations in Texas.
"We appreciate the leadership and foresight of the city in planning to choose AT&T Fiber, which will provide a fast and reliable internet solution for today and tomorrow. This is an important milestone for the city of Amarillo and the state of Texas to show how public-private partnerships can help close the digital divide," said Fred Maldonado, Regional Vice President, AT&T Texas. "We have a long history of connecting businesses and residents in Amarillo, and we look forward to working with the city of Amarillo on making plans to bring high-speed internet to those who need it most."
Extensive planning and engineering work will begin immediately upon execution of the contract. AT&T Fiber is the fastest among major providers and offers symmetrical speeds of up to 5-Gigs on downloads and uploads.2 The faster speeds and increased bandwidth mean customers can connect multiple devices, stream multiple entertainment sources, quickly upload content to social media and experience ultra-low lag for pro-level gaming – all at the same time.
Residents and businesses can learn more about AT&T Fiber at att.com/fiber and can sign up to be notified when service will be available at their address at att.com/notifyme. AT&T will also keep the community updated on the project.
Affordable internet service is available for low-income households as part of AT&T's commitment to help close the digital divide. Access from AT&T offers low-cost broadband options, including free internet for eligible households when combined with federal benefits from the Affordable Connectivity Program (ACP).3 After you confirm your ACP eligibility, call us at 866-986-0963 to discuss your options and order service. Be sure to have your National Verifier application ID handy when you call.
About AT&T in Texas
AT&T customers and FirstNet® subscribers in Texas got a big boost in wireless connectivity and fiber access last year. In 2021, AT&T completed nearly 1,000 wireless network enhancements in Texas, including adding nearly 200 new macro sites. AT&T also made fiber available in more than 300,00 new locations in Texas in 2021. These network improvements will enhance the state's broadband coverage and help give residents, businesses and first responders faster, more reliable service.
From 2018 to 2020, we expanded coverage and improved connectivity in more communities by investing more than $7.7 billion in our wireless and wireline networks in Texas. This investment boosts reliability, coverage, speed and overall performance for residents and their businesses.
And in Amarillo, we expanded coverage and improved connectivity by investing more than $60 million in our wireless and wireline networks from 2018-2020.
Becoming the Best Broadband Provider
We're on a mission to be the best broadband provider in America, whether you're at home, work or on the move. We do this by combining the most reliable 5G network4 with the nation's fastest growing fiber internet5, so you have a seamless experience from a single provider. Becoming the best connectivity provider also means serving the critical mission of America's first responders. FirstNet®, Built with AT&T is the only purpose-built, nationwide wireless broadband communications platform dedicated to the public safety community.
FirstNet and the FirstNet logo are registered trademarks and service marks of the First Responder Network Authority. All other marks are the property of their respective owners.
*About AT&T
We help more than 100 million U.S. families, friends and neighbors connect in meaningful ways every day. From the first phone call 140+ years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.
1 Based on the number of fiber to the home households using publicly-available data.
2 Limited availability in select areas. Fastest among major internet service providers, based on 5Gbps offering. Internet speed claims represent maximum wired network service capability speeds to the home and recommended setup. Actual customer speeds are not guaranteed. Single device wired speed maximum 4.7Gbps. For more information go to www.att.com/speed101.
3 With Access from AT&T. 100Mbps speed or lower based on location.
4 Based on nationwide GWS drive test data. GWS conducts paid drive tests for AT&T and uses the data in its analysis. AT&T 5G requires compatible plan and device. 5G not available everywhere. Go to att.com/5Gforyou for details.
5 Based on publicly-available data of net customer adds for major fiber providers over previous four quarters.
© 2022 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.
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SOURCE AT&T | https://www.mysuncoast.com/prnewswire/2022/06/28/city-amarillo-plans-deliver-fiber-powered-broadband-access-more-than-22000-locations-via-atampt/ | 2022-06-28T21:09:39Z |
Rodriguez sends LAFC to 3-2 victory over San Jose
SANDY, Utah (AP) — Brian Rodriguez scored the deciding goal in a 3-2 win for Los Angeles FC over the San Jose Earthquakes on Saturday.
Rodriguez’s game-winner came in the 47th minute for LAFC (9-3-2) and was the only goal scored in the second half.
LAFC jumped out to a 2-0 lead on Christian Arango’s penalty-kick score in the 8th minute and a goal by Ryan Hollingshead in the 13th.
Jeremy Ebobisse scored two goals for the Earthquakes (3-6-5) — in the 16th and 31st minutes — to knot the score at 2.
LAFC outshot the Earthquakes 13-7 with a 9-3 edge in shots on goal.
Maxime Crepeau saved just one of the three shots he faced for LAFC. JT Marcinkowski had six saves for San Jose.
___
More AP soccer: https://apnews.com/hub/soccer and https://twitter.com/AP_Sports
___
The Associated Press created this story using technology provided by Data Skrive and data from Sportradar. | https://localnews8.com/news/ap-utah/2022/05/28/rodriguez-sends-lafc-to-3-2-victory-over-san-jose-2/ | 2022-05-29T02:16:11Z |
Proud Boys charged with seditious conspiracy in Capitol riot
(AP) - The former top leader of the far-right Proud Boys extremist group and other members have been charged with seditious conspiracy for what federal prosecutors say was a coordinated attack on the U.S. Capitol to stop Congress from certifying President Joe Biden’s 2020 electoral victory, authorities said Monday.
Henry “Enrique” Tarrio, the former Proud Boys chairman, and four others linked to the group are charged in the latest indictment against them. All five were previously charged with different conspiracy counts.
Tarrio, the group’s top leader, wasn’t in Washington, D.C., when the riot erupted on Jan. 6, 2021. Police arrested Tarrio in Washington two days before the riot and charged him with vandalizing a Black Lives Matter banner at a historic Black church during a protest in December 2020. Tarrio was released from jail on Jan. 14 after serving his five-month sentence for that case.
The new riot-related indictments against Proud Boys members are among the most serious filed so far, but they aren’t the first of their kind.
Eleven members or associates of the anti-government Oath Keepers militia group, including its founder and leader Stewart Rhodes, were indicted in January on seditious conspiracy charges in the Capitol attack.
More than three dozen people charged in the Capitol siege have been identified by federal authorities as Proud Boys leaders, members or associates.
A New York man pleaded guilty in December to storming the U.S. Capitol with fellow Proud Boys members. Matthew Greene was the first Proud Boys member to publicly plead guilty to conspiring with other members to stop Congress from certifying the Electoral College vote. Greene agreed to cooperate with authorities.
On the morning of Jan. 6, Proud Boys members met at the Washington Monument and marched to the Capitol before then-President Donald Trump finished speaking to thousands of supporters near the White House.
Just before Congress convened a joint session to certify the election results, a group of Proud Boys followed a crowd of people who breached barriers at a pedestrian entrance to the Capitol grounds, an indictment says. Several Proud Boys also entered the Capitol building itself after the mob smashed windows and forced open doors.
Prosecutors have said the Proud Boys arranged for members to communicate using specific frequencies on Baofeng radios. The Chinese-made devices can be programmed for use on hundreds of frequencies, making it difficult for outsiders to eavesdrop.
In December, a federal judge refused to dismiss an earlier indictment charging four alleged leaders of the far-right Proud Boys with conspiracy. U.S. District Judge Timothy Kelly rejected defense attorneys’ arguments that the four men — Ethan Nordean, Joseph Biggs, Zachary Rehl and Charles Donohoe — were charged with conduct that is protected by the First Amendment right to free speech.
Nordean, of Auburn, Washington, was a Proud Boys chapter president and a member of the group’s national “Elders Council.” Biggs, of Ormond Beach, Florida, is a self-described Proud Boys organizer. Rehl was president of the Proud Boys chapter in Philadelphia. Donohoe, of Kernersville, North Carolina, also served as president of his local chapter, according to the indictment.
Proud Boys members describe the group as a politically incorrect men’s club for “Western chauvinists.” Its members frequently have brawled with antifascist activists at rallies and protests. Vice Media co-founder Gavin McInnes, who founded the Proud Boys in 2016, sued the Southern Poverty Law Center for labeling it as a hate group.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/06/06/proud-boys-charged-with-seditious-conspiracy-capitol-riot/ | 2022-06-06T20:14:43Z |
BELTSVILLE, Md., June 8, 2022 /PRNewswire/ -- X-Chair, a leader in the world of ergonomic office seating, is set to showcase five (5) revolutionary products at NeoCon 2022, located in The Mart, 7th Floor Exhibit Hall, booth #7-4077. As the office industry continues to rapidly evolve, X-Chair is committed to not only advancing but disrupting the space with their innovative new products. The impressive lineup will be on display from June 13-15, featuring Elemax Smart – the first app-controlled cooling, heat and massage option for office chairs – the X77 Massage Chair, X-Tech and FS 360 Adjustable Arms, in addition to sister brand, Mavix Gaming Chairs.
"X-Chair continues to push the envelope, developing products with the end user in-mind, and NeoCon 2022 is our time to introduce what's new," said Tony Mazlish, President. "We are excited to debut our revolutionary products including the soon-to-launch Elemax Smart, which will benefit end users as well as corporate health and safety leaders."
Products on display:
- Elemax Smart – the much-anticipated Elemax Smart can be paired with X-Chair's X1, X2, X3, X4 and X-Tech office chairs. The cooling, heat and massage unit is located in the lower back, dynamic variable lumbar support section of the office chair and features a phone app with Bluetooth control at your fingertips. With Sit Score Smart application technology, the Elemax Smart helps users to understand their sitting health score, length of sitting and more, while encouraging movement throughout the day for improved overall health and increased productivity.
- X77 Massage Chair – X-Chair's first high-performance massage chair dedicated exclusively to providing individuals with an elevated at-home relaxation and rejuvenation experience. With programs from a Shiatsu Master X77 total-body massage chair is equipped with advanced technology to deliver world-class, therapist-level quality of touch.
- X-Tech Office Chairs – the X-Tech collection comes complete with the X4 mechanism and design features, but also includes a 22" cooling gel contoured M-Foam seat as well as two premium fabrics in its design, Brisa Soft Touch, a supple and breathable fabric that promotes air circulation for the highest level of seating comfort; and Advanced Tensile Recovery (A.T.R.) fabric in the lumbar section, a responsive and supportive nylon weave that molds to your shape.
- FS 360 Adjustable Arms – the only armrests on the market that can be adjusted 360 degrees to provide the most comfortable arm position for any type of sitter. The latest advancement X-Chair is offering, to allow chair customization for each user.
- Mavix Gaming Chairs – the ergonomic gaming chair, created for gamers looking for a better solution than the traditional race car seat gaming chair.
X-Chair features 21st century technology and design, enabling users to both look good and be more productive. 10 ergonomic adjustments allow users to fine-tune the office chair via the seat, back, headrest and lumbar, providing unparalleled comfort. Technologies also include SciFloat Infinite Recline, Dynamic Variable Lumbar (DVL) Support and Tilt Lock all of which make X-Chair the most technologically ergonomic chair on the market.
For more information on X-Chair, visit xchair.com.
X-Chair
X-Chair, one of the leading providers of ergonomic office chairs featuring 21st century technology and design, enable users to both look good and be more productive. This is not your grandfather's chair; 10 ergonomic adjustments allow users to fine-tune the arms, seat, back, headrest and lumbar, providing unparalleled comfort. While the SciFloat Infinite Recline, Dynamic Variable Lumbar (DVL) Support and Tilt Lock technologies make X-Chair the most technologically ergonomic chair on the market. Made with quality craftsmanship and high-performance materials, X-Chair's products feature a 15-year limited warranty and 30-day risk free trial. For more information, visit xchair.com.
For More Media Information:
The Zimmerman Agency for X-Chair
xchair@zimmerman.com
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SOURCE X-Chair | https://www.kxii.com/prnewswire/2022/06/08/x-chair-raises-bar-office-technology-neocon-2022/ | 2022-06-08T15:15:48Z |
CANTIANO, Italy (AP) — Flash floods swept through several towns Friday in hilly central Italy after hours of exceptionally heavy rain, leaving 10 people dead and at least four missing. Dozens of survivors scrambled onto rooftops or up into trees to await rescue.
Floods invaded garages and basements and knocked down doors. In one town, the powerful rush of water pushed a car onto a second-story balcony, while elsewhere parked vehicles were crumpled on top of each other in the streets. Some farm fields near the sea were meters (yards) under water.
“It wasn’t a water bomb, it was a tsunami,” Riccardo Pasqualini, the mayor of Barbara, told Italian state radio about the sudden downpour Thursday evening that devastated his town in the Marche region near the Adriatic Sea.
He said the overnight flooding left the town’s 1,300 residents without drinking water. A mother and her young daughter were missing after trying to escape the floods, Pasqualini told the Italian news agency ANSA. Elsewhere in town, a boy was swept away from the arms of his mother, who was rescued.
Premier Mario Draghi told a news conference in Rome that 10 people were dead and four were missing in the flash floods. He thanked rescuers “for their professionalism, dedication and courage.” Officials said some 50 people were treated at hospitals for injuries.
Draghi, who is serving in a caretaker role ahead of Italy’s Sept. 25 national election, planned to tour some devastated towns later Friday and his government announced 5 million euros (dollars) in aid to the region.
“It was an extreme event, more than an exceptional one,″ climatologist Massimiliano Fazzini told Italian state TV. He said, based on his calculations, the amount of rain that fell, concentrated over four hours that included an especially heavy 15-minute period, was the most in hundreds of years.
In a space of a few hours, the region was deluged with the amount of rainfall it usually receives in six months, state TV said. A summer of virtually no rain meant hillsides were unusually hard and dry, so the water ran faster down the slopes, increasing its impact.
The fire department tweeted that dozens of people trapped in cars or who had climbed up to rooftops or trees to escape rising floodwaters had been rescued. Police in the town of Sassoferrato, unable to reach a man trapped in a car, extending a long tree branch to him and pulled him to safety.
Helicopter crews rescued seven people in remote towns of the Apennine Mountains.
Hundreds of firefighters struggled Friday to remove toppled tree trunks and branches amid thick mud as they searched for people who could have been buried by debris. They waded through waist-high water in flooded streets, while others paddled in rubber dinghies to scoop up survivors.
In the town of Ostra, a father and his adult son were found dead in their building’s flooded garage where they had gone to try to get their car out, and another man who tried to remove his motorcycle from a garage also perished, state TV said. Elsewhere, a man was found dead in his car.
“As it (the flood) played out, it was far, far worse than forecast,” said Civil Protection chief Fabrizio Curcio. A bad weather watch had been issued on Thursday, but not at the highest level.
Hundreds of people fled or were evacuated from their homes until the premises could be checked for safety and mountains of mud cleared away.
Some of the worst flooding hit the town of Senigallia, where the River Misa overflowed its banks. Hamlets in the hills near the Renaissance tourist town of Urbino were also inundated when fast-moving rivers of water, mud and debris rushed through the streets.
In the town of Cantiano, people shoveled mud from stores and homes and an excavating machine was deployed to clear the town square.
“I was lucky because I live in a house up on a slope, so basically, the water didn’t reach the point of covering it,” said Mirco Santarelli, a Cantiano resident. “But all around here, with the people living in the valley area, it became a bowl (of water). It was panic.”
“You could see cars in the middle of the road that drifted away in the flood, debris everywhere, screams. It was chaos,” Santarelli told The Associated Press.
___
Follow all AP stories on climate change at https://apnews.com/hub/climate-and-environment. | https://cw33.com/news/international/ap-international/ap-floods-in-italy-kill-at-least-10-rescues-from-roofs-trees/ | 2022-09-16T23:09:26Z |
Five to Flow is a global consulting collective that builds integrative organizational wellness solutions designed to achieve and sustain peak business performance.
WASHINGTON, Aug. 2, 2022 /PRNewswire/ -- Five to Flow today announces the launch of the Wellness Wave™ for the public sector. The Wellness Wave is a proprietary diagnostic fuelled by the five core elements of organizational wellness that help companies achieve and sustain peak business performance. It empowers individuals to use their voices to be champions for change and creates an environment at work that supports empowerment and employee engagement.
Five to Flow designed the public sector Wellness Wave for government leaders to consistently measure what civil servants are thinking and feeling and compare that data with their industry peers. By sharing these insights with government-controlled enterprises, Five to Flow is reinforcing its commitment to improving the employee experience for civil servants globally.
The public sector Wellness Wave scores responses as toxic, deficient, borderline, strong, and in flow to provide insights that influence organizational transformation and growth. Respondents receive suggestions for self-improvement in categories where they score low and can benchmark against peer groups. The diagnostic is available on mobile, tablet, and desktop devices, and is accessible on Five to Flow's website.
Recent trends in the public sector reinforce the need for organizational change. According to Forrester's 2022 Public Sector Predictions report, one-third of global civil servants will become hybrid workers. Furthermore, the Center for State and Local Government Excellence report on Public Sector employment states that government agencies will need to replace nearly half of their civil servants since 60% of current public sector employees are within 5-10 years of retirement.
"We are launching the public sector Wellness Wave because this industry is experiencing dramatic change across the five core elements", said Kate Visconti, Founder and CEO of Five to Flow. "Investing in change initiatives to improve the civil servant experience is critical. We are well-equipped to help governmental agencies prevent attrition of their best employees and attract new talent."
Five to Flow is a global consulting collective that builds integrative organizational wellness solutions designed to achieve and sustain peak performance. Our proprietary methodology is driven by five core elements of organizational wellness. We are the bridge between who an organization thinks they are, who they actually are, and who they aspire to be.
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SOURCE Five to Flow | https://www.kxii.com/prnewswire/2022/08/02/five-flow-launches-public-sector-wellness-wave-accelerate-transformation-within-government-controlled-enterprises-globally/ | 2022-08-02T11:49:38Z |
TAIPEI, June 30, 2022 /PRNewswire/ -- GIGABYTE 600 series motherboards have made their mark since the launch last October. Led by the flagship Z690 AORUS XTREME, a total of three high-end gaming motherboards won the iF Design Award recognition, followed by two Z690 AERO creator motherboards receiving the Red Dot Design Award honor. The GIGABYTE 600 series, from the enthusiast-grade models to budget-oriented options, have also been highly praised with over a hundred media recommendations worldwide. With the graphics cards being restocked on the market, many are eager to get their hands on a new PC build. Mainstream motherboards, such as the AORUS ELITE series, have now become the go-to choice for those looking for PC upgrades.
It is found that most gamers value high and stable frame rates, but a motherboard that falls short on both power delivery and thermal design would result in either throttling or overheating, thus hindering the overall system performance. The AORUS ELITE motherboards feature the best-in-class 14-phase power design, as well as the best-in-class full-metal heatsink. Even the B660M AORUS ELITE, the entry-level model in the family, is capable of passing the stress test when paired with the most powerful Core i9-12900K processor without either throttling or overheating. As for gamers who are interested in overclocking with no experience, the more advanced Z690M AORUS ELITE can easily drive the Core i9-12900K processor up to over 5Ghz with the built-in one-click overclocking function. The Z690M AORUS ELITE also supports the best-in-class DDR4 overclocking compatibility with up to XMP 5333MH, enabling gamers to use their existing DDR4 DIMMs and maximize their performance at the same time.
The upcoming DisplayPort 2.0 will push the refresh rate at 4K resolution even further up to 240Hz, making it the next-gen standard for gaming. The B660M AORUS ELITE with a Core-i9 processor and an RTX 3060 Ti graphics card can top 240fps at FHD resolution when running Fortnite based on the internal tests. The Z690 AORUS ELITE with a Core-i9 processor and an RTX 3070 Ti can even reach 240fps at QHD resolution with ease. The AORUS ELITE motherboards not only deliver instant performance boost but also provide expandability for future upgrades.
For more information about AORUS 600 ELITE series motherboards, visit https://bit.ly/AORUS-INTEL-600-ELITE
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SOURCE GIGABYTE | https://www.kxii.com/prnewswire/2022/06/30/aorus-elite-is-best-go-to-motherboard-upgrade/ | 2022-06-30T15:42:54Z |
PALO ALTO, Calif., June 20, 2022 /PRNewswire/ -- Neuvivo, a private late-clinical stage company developing an effective treatment for ALS and other neurodegenerative diseases, today announced it has added Peter Barton Hutt as advisor. Peter is senior counsel in the Washington, DC law firm of Covington & Burling LLP, specializing in Food and Drug Law. From 1971-75 Peter was the Chief Counsel for the FDA where he led the adoption of key regulations including a process to reevaluate the safety and efficacy of all biological products licensed in the last hundred years.
He was responsible for the legislation that became the Drug Listing Act of 1972 and the Medical Device Amendments of 1976. He created the requirement of preambles for all FDA regulations, initiated the use of guidelines for informal FDA policy, and established the use of regulatory letters/warning letters. Notably while at the agency, he wrote the proposed procedural regulations that govern all FDA administrative actions to this day.
"I am delighted to join Neuvivo as an advisor and work with the company to deliver a new, effective treatment for people living with ALS," said Peter Barton Hutt. "It is a terrible disease, and often affects those who are very active and in the prime of life. There are only two approved treatments available in the US today for this heterogeneous disease and I believe that NP001 has the potential to make a real difference in the lives of ALS patients."
Peter worked with congressional staff on the Orphan Drug Act of 1983, the Drug Price Competition and Patent Term Restoration Act of 1994, and at the request of the House and Senate staff, he drafted the legislation that became the Food and Drug Administration Modernization Act of 1997. He has continued to work on FDA-related legislation, most recently on the 21st Century Cures Act of 2017 and PDUFA VII. He has testified before the House and Senate more than 100 times either as counsel accompanying a witness or as a witness.
Peter has been a member of the National Academy of Medicine since its formation in 1971 and served as a consultant to President Obama's Council of Advisors on Science and Technology. He has been a member of the National Committee to Review Current Procedures for Approval of New Drugs for Cancer and AIDS and five Office of Technology Assessment advisory panels. As a member of the FDA Science Review Subcommittee, he published a major analysis that resulted in Congress doubling FDA appropriations during 2008-2013.
For the past 29 consecutive years, Peter has taught a full course on Food and Drug Law at Harvard Law School. He is the lead co-author of the text used to teach Food and Drug Law at law schools throughout the country.
He was named by The Washingtonian magazine as one of Washington's 100 most influential people; by the National Law Journal as one the 40 best health care lawyers in the United States; and by Global Counsel as the best FDA regulatory specialist in Washington, DC. Peter was presented the Distinguished Alumni Award by FDA and the Lifetime Achievement Award for research advocacy by the Foundation for Biomedical Research.
"Peter's background with the FDA and his expertise in regulatory matters is unparalleled," said Ari Azhir, PhD, Founder and CEO of Neuvivo. "We are pleased to formally welcome him to Neuvivo. His excellent counsel and straightforward approach are valued, and we look forward to working together to make NP001 treatment broadly available to ALS patients as soon as possible."
About Neuvivo: Neuvivo is a private, late-clinical stage biopharmaceutical company committed to creating and delivering advanced treatments for ALS and other neurodegenerative diseases. The company was formed by industry leaders and scientists, committed to improving the prognosis for patients diagnosed with ALS and a range of diseases for which few current treatment options exist. For more information please visit: www.Neuvivo.com.
Contact:
Jennifer Larson
415 409 2729
Jennifer@neuvivo.com
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SOURCE Neuvivo, Inc. | https://www.wibw.com/prnewswire/2022/06/20/neuvivo-adds-former-fda-chief-counsel-peter-barton-hutt-advisor/ | 2022-06-20T13:07:16Z |
Civics class, community service for voting fraud suspects
THE VILLAGES, Fla. (AP) — Two men from a sprawling retirement community in Florida will have to enter a pretrial intervention program, perform community service and attend adult civics classes in exchange for deferred prosecutions on their charges of voting more than once in the 2020 election.
Charles Barnes and Jay Ketcik, both from The Villages area, must perform 50 hours of community service each and get a grade of C or better in the adults civics class, according to court records filed last week.
In exchange, State Attorney William Gladson will defer prosecuting them on charges of casting more than one ballot in an election.
The men were among four people from the Republican stronghold of The Villages retirement community arrested late last year and early this year on voter fraud charges.
During the last legislative session, Republican lawmakers passed an election police bill pushed by Gov. Ron DeSantis, a potential 2024 GOP presidential candidate, who justified its need by citing unspecified cases of fraud. DeSantis echoed many talking points on voting problems that have gained traction in the GOP after former President Donald Trump’s false claims that his reelection was stolen from him.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/04/13/civics-class-community-service-voting-fraud-suspects/ | 2022-04-13T22:58:23Z |
Egan-Jones and ISS Both Conclude that Aviat's Revised Indication of Interest Significantly Undervalues Ceragon and is a Low-Ball Offer
Ceragon Urges Shareholders to Vote "AGAINST" All Proposals on the WHITE Proxy Card
ROSH HA'AIN, Israel, Aug. 19, 2022 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT) (the "Company", "Ceragon", "we", "us", or "our"), issued the following statement with reference to a report issued by Egan-Jones Proxy Services ("Egan-Jones") in connection with the Extraordinary General Meeting (EGM) scheduled to be held on August 23, 2022.
We are pleased that Egan-Jones believes that "voting AGAINST this proposal is in the best interest of the Company and its shareholders" and has joined Institutional Shareholder Services Inc. ("ISS") in recommending that shareholders vote AGAINST all of Aviat's nominees.
In reaching this conclusion, Egan-Jones cited the following factors regarding Aviat's inadequate indication of interest1:
- "We strongly believe that Aviat's revised indication of interest still significantly undervalues [Ceragon] and is a low ball offer, given that its implied multiples are below precedent transaction and public company trading multiples, and is well [below] research analyst price target[s]"
- "….given the current market environment, we are also doubtful [of] Aviat's ability to obtain committed financing as it failed to provide evidence of securing such"
Moreover, Egan-Jones' report highlighted that Ceragon's Board is far superior to Aviat's hand-picked nominees to protect the interests of Ceragon's shareholders, saying:
- "Contrary to Aviat's nominees, we believe that Ceragon's incumbent Board continues to possess the best in class qualifications and expertise in the telecom industry, public board experience, and M&A transactions for value creation"
Egan-Jones concludes that: "After evaluating the provisions and tenets of [Aviat's] proposal, we determined that the proposed resolution is NOT in the best interests of the Company and its shareholders. We recommend a vote AGAINST this Proposal."
Two out of the three proxy advisory firms raised significant concerns regarding Aviat's low-ball, highly conditional indication of interest and recommended that shareholders vote AGAINST all of Aviat's nominees. With respect to Glass Lewis' report, we respectfully disagree with their conclusions, which we believe did not properly take into account (i) the low-ball value of Aviat's indication as determined by multiple proxy advisors, research analyst price targets, and many of our top shareholders, (ii) the lack of financing certainty in Aviat's indication, (iii) our record of engagement with Aviat, (iv) and the lack of telecom and appropriate board experience among Aviat's hand-picked nominees.
The Ceragon Board and leadership team are focused on doing what is right for Ceragon, our shareholders and our customers. As we have said, our Board has been open to exploring a potential combination with Aviat that delivers full, fair, and certain value to Ceragon shareholders. However, we will not enter into a sale transaction at an inadequate price or with a high degree of uncertainty. As ISS puts it, "It is in shareholders' best interests to encourage a hostile acquirer to submit an offer that is subject to as little conditionality as possible and is at an initial value sufficient to "earn" a seat at the negotiating table."
Ceragon urges shareholders to vote "AGAINST" all proposals on the WHITE proxy card to prevent Aviat's attempt to take control of the Ceragon Board.
Ceragon reminds shareholders that every vote is important. Shareholders are urged to discard any GOLD proxy materials and only to vote AGAINST all proposals using the WHITE proxy card.
If you have any questions or require any assistance with voting your shares, please contact the Company's proxy solicitor, Morrow Sodali LLC at 800-662-5200 (toll-free in North America) or +1 203-658-9400 or email at CRNT@info.morrowsodali.com.
Evercore is serving as financial advisor and Shibolet & Co. and Latham & Watkins LLP are serving as legal advisors to Ceragon.
Ceragon Networks Ltd. (NASDAQ: CRNT) is the global innovator and leading solutions provider of 5G wireless transport. We help operators and other service providers worldwide increase operational efficiency and enhance end customers' quality of experience with innovative wireless backhaul and fronthaul solutions. Our customers include service providers, public safety organizations, government agencies and utility companies, which use our solutions to deliver 5G & 4G broadband wireless connectivity, mission-critical multimedia services, stabilized communications, and other applications at high reliability and speed.
Ceragon's unique multicore technology and disaggregated approach to wireless transport provides highly reliable, fast to deploy, high-capacity wireless transport for 5G and 4G networks with minimal use of spectrum, power, real estate, and labor resources. It enables increased productivity, as well as simple and quick network modernization, positioning Ceragon as a leading solutions provider for the 5G era. We deliver a complete portfolio of turnkey end-to-end AI-based managed and professional services that ensure efficient network rollout and optimization to achieve the highest value for our customers. Our solutions are deployed by more than 400 service providers, as well as more than 800 private network owners, in more than 150 countries. For more information please visit: www.ceragon.com
Ceragon Networks® and FibeAir® are registered trademarks of Ceragon Networks Ltd. in the United States and other countries. CERAGON ® is a trademark of Ceragon Networks Ltd., registered in various countries. Other names mentioned are owned by their respective holders.
This document contains statements that constitute "forward-looking statements" within the meaning of the Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations and assumptions of Ceragon's management about Ceragon's business, financial condition, results of operations, micro and macro market trends and other issues addressed or reflected therein. Examples of forward-looking statements include, but are not limited to, statements regarding: projections of demand, revenues, net income, gross margin, capital expenditures and liquidity, competitive pressures, order timing, supply chain and shipping, components availability, growth prospects, product development, financial resources, cost savings and other financial and market matters. You may identify these and other forward-looking statements by the use of words such as "may", "plans", "anticipates", "believes", "estimates", "targets", "expects", "intends", "potential" or the negative of such terms, or other comparable terminology, although not all forward-looking statements contain these identifying words.
Although we believe that the projections reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations therefrom will not be material. Such forward-looking statements involve known and unknown risks and uncertainties that may cause Ceragon's future results or performance to differ materially from those anticipated, expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, any ongoing actions taken and future actions that may be taken by Aviat Networks Inc. or other stockholders or others; the continuing impact of the components shortage due to the global shortage in semiconductors, chipsets, components and other commodities, on our supply chain, manufacturing capacity and ability to timely deliver our products, which have caused, and could continue to cause delays in deliveries of our products and in the deployment of projects by our customers, risk of penalties and orders cancellation created thereby, as well as profit erosion due to constant price increase, payment of expedite fees and costs of inventory pre-ordering and procurement acceleration of such inventory, and the risk of becoming a deadstock if not consumed; the continued effect of the global increase in shipping costs and decrease in shipping slots availability on us, our supply chain and customers, which have resulted, and may continue to result in, price erosion, late deliveries and the risk of penalties and orders cancellation due to late deliveries; the impact of the transition to 5G technologies on our revenues if such transition is developed differently than we anticipated; the risks relating to the concentration of a major portion of our business on large mobile operators around the world from which we derive a significant portion of our ordering, that due to their relative effect on the overall ordering coupled with inconsistent ordering pattern and volume of business directed to us, creates high volatility with respect to our financial results and results of operations; the effect of the competition from other wireless transport equipment providers and from other communication solutions that compete with our high-capacity point-to-point wireless products; the continued effect of the COVID-19 pandemic on the global economy and markets and on us and on the markets in which we operate and our and our customers, providers, business partners and contractors business and operations; the risks relating to increased breaches of network or information technology security along with increase in cyber-attack activities, growing cyber-crime threats, and changes in privacy and data protection laws, that could have an adverse effect on our business; risks associated with any failure to meet our product development timetable, including delay in the commercialization of our new chipset; imposition of additional sanctions and global trade limitations in connection with Russia's invasion to Ukraine, the effects of general economic conditions and trends on the global and local markets in which we operate and such other risks, uncertainties and other factors that could affect our results, as further detailed in Ceragon's most recent Annual Report on Form 20-F and in Ceragon's other filings with the Securities and Exchange Commission.
Such forward-looking statements, including the risks, uncertainties and other factors that could affect our results, represent our views only as of the date they are made and should not be relied upon as representing our views as of any subsequent date. Such forward-looking statements do not purport to be predictions of future events or results and there can be no assurance that it will prove to be accurate. Ceragon may elect to update these forward-looking statements at some point in the future but the company specifically disclaims any obligation to do so except as may be required by law.
Ceragon's public filings are available on the Securities and Exchange Commission's website at www.sec.gov and may also be obtained from Ceragon's website at www.ceragon.com.
Ceragon has filed a definitive proxy statement and WHITE proxy card with the U.S. Securities and Exchange Commission (the "SEC") in connection with its solicitation of proxies for the 2022 Extraordinary General Meeting of Ceragon Shareholders (the "2022 Extraordinary General Meeting"). CERAGON SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT (AND ANY AMENDMENTS AND SUPPLEMENTS THERETO) AND ACCOMPANYING WHITE PROXY CARD AS THEY CONTAIN IMPORTANT INFORMATION. Shareholders may obtain the proxy statement, any amendments or supplements to the proxy statement and other documents as and when filed by Ceragon with the SEC without charge from the SEC's website at www.sec.gov.
Ceragon Investor & Media Contact:
Maya Lustig
Ceragon Networks
Tel. +972-54-677-8100
mayal@ceragon.com
1 Permission to Use Quotes Neither Sought Nor Obtained. Emphasis added.
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SOURCE Ceragon Networks Ltd. | https://www.mysuncoast.com/prnewswire/2022/08/19/independent-proxy-advisor-egan-jones-joins-iss-recommending-shareholders-vote-against-all-aviat-director-nominees/ | 2022-08-19T11:32:06Z |
SAN JOSE, Calif., Aug. 9, 2022 /PRNewswire/ -- Naprotek, LLC., a leading provider of high-reliability, quick-turn electronics manufacturing, has completed the acquisition of MicroFab, Inc., a privately held company in Manchester, New Hampshire. This acquisition is a strategic element of Naprotek's continued expansion in RF products, services, and solutions. Naprotek now offers customers an array of custom build-to-print thin film products, supported by enhanced capabilities and a wider spectrum of thin film technologies. The business and entire MicroFab team will be integrated into the East Coast operations at SemiGen, a Naprotek Company.
Formed in 1999, MicroFab is a leading provider of precision RF circuit fabrication and atomic-level micro machining services. The company provides ion beam etching, plating, dicing, and micro-machining services and thin film components for communications, microwave, biomedical sensors, and fiber optics applications serving the Defense, Medical, and Telecom markets.
"The acquisition of MicroFab adds distinct manufacturing processes and products that will further complement our comprehensive product and service offering. Our business has continued to grow rapidly with ever increasing technical requirements from our customers. Facing this demand, we are confident that MicroFab will immediately augment our RF Solutions capabilities and we are excited to welcome John Kelley, Wayne Stauss, and the entire MicroFab team to SemiGen," commented Tim Filteau, President of SemiGen, Inc.
"Our team continues to excel across the Naprotek platform increasing our strengths with differentiated technologies spanning from SMT to RF/Microwave and Advanced Microelectronics. With a careful execution strategy, the integration of MicroFab into SemiGen strengthens the end-to-end RF Solutions for the East Coast operations of Naprotek," said Daniel Everitt, President and CEO of Naprotek.
"As the fourth acquisition in support of the Naprotek strategy of building an electronics technology solutions company, we are pleased to round-out SemiGen's RF circuit capabilities to further support our customers in Defense and other high-reliability markets," remarked Pete Ostergard, Partner at Edgewater Capital.
Naprotek is an electronics technology solutions provider for high-reliability applications. Since 1995, Naprotek has delivered complex and custom solutions in the Defense, Space, Medical, and Semiconductor Capital Equipment markets and select applications in Test & Instrumentation and Advanced Technology. Capabilities include quick turn printed circuit board assembly, prototyping, RF components, advanced microelectronics, system integration, and test services. Naprotek is committed to delivering customer value through engineering, supply chain management, and manufacturing support. To learn more visit www.naprotek.com.
Sales Inquiries: (408) 830-5000 Inquiries@Naprotek.com
Edgewater Capital Partners, headquartered in Cleveland, Ohio, is a sector focused private equity firm investing in lower middle-market performance materials and services businesses. Edgewater has extensive experience and expertise in the specialty industrials, advanced materials, specialty chemicals, and life sciences sectors. Twenty years of industry-specific investing has enabled the firm to develop a deep understanding of the complexities and nuances common to these businesses. The Edgewater Difference is summarized by its three foundational pillars: deep sector expertise, Midwestern values and culture, and growth-enabling philosophy. For more information on Edgewater Capital Partners, visit www.edgewatercapital.com.
Related Links
www.Naprotek.com
www.SemiGen.net
www.MicroFabNH.com
www.NexLogic.com
www.EdgewaterCapital.com
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SOURCE Naprotek LLC | https://www.mysuncoast.com/prnewswire/2022/08/09/microfab-acquired-by-naprotek-portfolio-company-edgewater-capital-partners/ | 2022-08-09T16:46:23Z |
NEW YORK, Sept. 14, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Enochian BioSciences, Inc..
Shareholders who purchased shares of ENOB 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:
CLASS PERIOD: January 17, 2018 to June 27, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company's co-founder and inventor Serhat Gumrukcu was engaged in a variety of frauds; (2) Gumrukcu was not a licensed doctor anywhere in the world; (4) as a result of the foregoing, Gumrukcu's purported contributions to the Company lacked a reasonable basis; (5) as a result of the foregoing, the Company had overstated its commercial prospects; (6) Gumrukcu had improperly diverted approximately $20 million from Enochian to entities he owned; and (7) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
DEADLINE: September 26, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/enochian-biosciences-inc-loss-submission-form/?id=31644&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of ENOB 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 September 26, 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.wibw.com/prnewswire/2022/09/14/shareholder-alert-gross-law-firm-notifies-shareholders-enochian-biosciences-inc-class-action-lawsuit-lead-plaintiff-deadline-september-26-2022-nasdaq-enob/ | 2022-09-14T10:23:40Z |
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