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CONAGRA BRANDS REPORTS FY22 FOURTH QUARTER AND FULL-YEAR RESULTS
Published: Jul. 14, 2022 at 6:30 AM CDT|Updated: 2 hours ago
Provides fiscal 2023 guidance
CHICAGO, July 14, 2022 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) reported results for the fourth quarter and full fiscal year 2022, which ended on May 29, 2022. All comparisons are against the prior-year fiscal period, unless otherwise noted. Certain terms used in this release, including "Organic net sales," "EBITDA," "Two-year compounded annualized," and certain "adjusted" results, are defined under the section entitled "Definitions." See page 7 for more information.
Highlights
CEO Perspective Sean Connolly, president and chief executive officer of Conagra Brands, commented, "Throughout fiscal 2022 our team took decisive actions to offset inflation and invest in our business. I'm pleased that our brands continued to resonate with consumers, and we continued to grow share."
He continued, "I was also pleased to see margin improvement materialize in the fourth quarter in Grocery & Snacks and Foodservice. This represents an important inflection that we expect will extend to our Refrigerated & Frozen and International businesses as fiscal 2023 progresses."
Total Company Fourth Quarter Results
In the quarter, net sales increased 6.2% to $2.9 billion. The increase in net sales primarily reflects:
The 6.8% increase in organic net sales was driven by a 13.2% improvement in price/mix, which was partially offset by a 6.4% decrease in volume. Price/mix was driven by the Company's inflation-driven pricing actions that were reflected in the marketplace throughout the quarter and favorable brand mix. The volume decrease was primarily a result of the elasticity impact from inflation-driven pricing actions.
Gross profit decreased 1.1% to $713 million in the quarter and adjusted gross profit increased 0.3% to $723 million. Gross profit in the quarter benefited from higher organic net sales, supply chain realized productivity, lower COVID-19 pandemic-related expenses, and cost synergies associated with the Pinnacle Foods acquisition. These benefits, however, were not enough to offset the impacts of cost of goods sold inflation of 17.3% and the lost profit from the Sold Business. Gross margin decreased 183 basis points to 24.5% in the quarter and adjusted gross margin decreased 147 basis points to 24.9%.
Selling, general, and administrative expense (SG&A), which includes advertising and promotion expense (A&P), increased 14.7% to $499 million in the quarter primarily due to brand impairment charges. Adjusted SG&A, which excludes A&P, decreased 7.8% to $242 million driven by decreased incentive and deferred compensation.
A&P for the quarter decreased 38.7% to $46 million, driven primarily by lapping increased investment in the prior year period.
Net interest expense was $96 million in the quarter, a decrease of 2.1% or $2 million compared to the prior-year period.
The average diluted share count was flat compared to the prior-year period at 482 million shares.
In the quarter, net income attributable to Conagra Brands decreased 48.6% to $159 million, or $0.33 per diluted share. Adjusted net income attributable to Conagra Brands increased 20.6% to $314 million, or $0.65 per diluted share in the quarter, driven primarily by an increase in operating profit and a strong performance from the Company's Ardent Mills joint venture.
Adjusted EBITDA, which includes equity method investment earnings and pension and postretirement non-service income, increased 13.5% to $591 million in the quarter, primarily driven by an increase in adjusted operating profit and a strong performance from the Company's Ardent Mills joint venture.
Total Company Fiscal 2022 Results For the full fiscal year, net sales increased 3.1% to $11.5 billion. The growth in net sales primarily reflects:
For the full fiscal year, gross profit decreased 10.7% to $2.8 billion and adjusted gross profit decreased 10.5% to $2.9 billion. The benefits from supply chain realized productivity, higher organic net sales, lower COVID-19 pandemic-related expenses, and cost synergies associated with the Pinnacle Foods acquisition were not enough to offset the impacts from cost of goods sold inflation of 16.4%, the lost profit from the Sold Businesses, and elevated supply chain operating costs. Gross margin decreased 382 basis points to 24.6% and adjusted gross margin decreased 378 basis points to 24.8%.
For the full fiscal year, EPS decreased 30.8% to $1.84 and adjusted EPS decreased 10.6% to $2.36, driven by a decrease in adjusted operating profit.
For the full fiscal year, the Company generated $1.2 billion in net cash flows from operating activities and $713 million of free cash flow.
Grocery & Snacks Segment Fourth Quarter Results Reported and organic net sales for the Grocery & Snacks segment increased 7.2% to $1.2 billion in the quarter.
In the quarter, price/mix increased 14.4% and volume decreased 7.2%. Price/mix was primarily driven by favorability in inflation-driven pricing coupled with favorable brand mix. The volume decline was primarily due to the elasticity impact from inflation-driven pricing actions. In the quarter, the Company gained share in staples categories such as syrup and refried beans, and snacking categories including microwave popcorn and meat snacks.
Operating profit for the segment decreased 19.9% to $163 million in the quarter. Adjusted operating profit increased 17.0% to $255 million, as the negative impact of cost of goods sold inflation was more than offset by higher organic net sales, supply chain realized productivity, lower COVID-19 pandemic related expenses, lower A&P investment, and cost synergies associated with the Pinnacle Foods acquisition.
Refrigerated & Frozen Segment Fourth Quarter Results Net sales for the Refrigerated & Frozen segment increased 3.4% to $1.2 billion in the quarter reflecting:
On an organic net sales basis, price/mix increased 12.4% and volume decreased 8.1%. Price/mix was primarily driven by favorability in inflation-driven pricing coupled with favorable brand mix. The volume decline was primarily due to the elasticity impact from inflation-driven pricing actions. In the quarter, the Company gained share in categories such as frozen single serve meals, frozen meat substitutes, and frozen desserts.
Operating profit for the segment decreased 34.4% to $77 million in the quarter. Adjusted operating profit decreased 6.4% to $185 million as the benefits of higher organic net sales, supply chain realized productivity, lower A&P investment, decreased COVID-19 related expenses, and cost synergies associated with the Pinnacle Foods acquisition were more than offset by cost of goods sold inflation and lost profit from the segment's Sold Business.
Foodservice Segment Fourth Quarter Results Net sales for the Foodservice segment increased 21.5% to $287 million in the quarter reflecting:
On an organic net sales basis, volume increased 4.5% as restaurant traffic continued to improve from the impacts of the COVID-19 pandemic, partially offset by the elasticity impact from inflation-driven pricing actions. Price/mix was favorable 17.1% in the quarter, primarily driven by inflation-driven pricing and favorable product mix.
Operating profit for the segment increased 13.2% to $22 million in the quarter. Adjusted operating profit increased 53.0% to $29 million as the benefits of higher organic net sales and supply chain realized productivity more than offset the impact of cost of goods sold inflation.
International Segment Fourth Quarter Results Net sales for the International segment increased 0.9% to $231 million in the quarter reflecting:
On an organic net sales basis, price/mix increased 5.6% and volume decreased 3.2%. The price/mix increase was driven by inflation-justified pricing. Volume decreased primarily due to the elasticity impact from inflation-driven pricing actions.
Operating profit for the segment decreased 78.4% to $6 million in the quarter. Adjusted operating profit decreased 25.7% to $20 million as the benefits of higher organic net sales and supply chain realized productivity were more than offset by cost of goods sold inflation and the unfavorable impact of foreign exchange.
Other Fourth Quarter Items Corporate expenses decreased 33.3% to $53 million in the quarter and adjusted corporate expense decreased 30.8% to $55 million in the quarter primarily as a result of lower incentive compensation expense.
Pension and post-retirement non-service income was $19 million in the quarter compared to $13 million of income in the prior-year period.
In the quarter, equity method investment earnings were $48 million. The 42.1% increase on a reported basis was primarily driven by favorable market conditions for the Ardent Mills joint venture, and the venture's effective management through recent volatility in the wheat markets.
In the quarter, the effective tax rate was 14.4% compared to (32.0)% in the prior-year period. The adjusted effective tax rate was 22.3% compared to 21.3% in the prior-year period.
In the quarter, the Company paid a dividend of $0.3125 per share.
Outlook The Company expects cost of goods sold inflation to continue into fiscal 2023 and has communicated additional pricing increases that will take effect in the second quarter of FY23. Guidance anticipates gross inflation (input cost inflation before the impacts of hedging and other sourcing benefits) in low-teen levels. Guidance also assumes volume elasticities increase from fiscal 2022 levels but remain below historical levels. The Company does not expect the elevated performance that its joint venture, Ardent Mills, delivered in the back half of fiscal 2022 to continue throughout fiscal 2023.
The Company is providing the following guidance for fiscal 2023:
The inability to predict the amount and timing of the impacts of foreign exchange, acquisitions, divestitures, and other items impacting comparability makes a detailed reconciliation of forward-looking non-GAAP financial measures impracticable. Please see the end of this release for more information.
Items Affecting Comparability of EPS The following are included in the $0.33 EPS for the fourth quarter of fiscal 2022 (EPS amounts rounded and after tax). Please see the reconciliation schedules at the end of this release for additional details.
The following are included in the $0.64 EPS for the fourth quarter of fiscal 2021 (EPS amounts rounded and after tax). Please see the reconciliation schedules at the end of this release for additional details.
Definitions
Organic net sales excludes, from reported net sales, the impacts of foreign exchange, divested businesses and acquisitions, as well as the impact of any 53rd week. All references to changes in volume and price/mix throughout this release are on an organic net sales basis.
References to adjusted items throughout this release refer to measures computed in accordance with GAAP less the impact of items impacting comparability. Items impacting comparability are income or expenses (and related tax impacts) that management believes have had, or are likely to have, a significant impact on the earnings of the applicable business segment or on the total corporation for the period in which the item is recognized, and are not indicative of the Company's core operating results. These items thus affect the comparability of underlying results from period to period.
References to earnings before interest, taxes, depreciation, and amortization (EBITDA) refer to net income attributable to Conagra Brands before the impacts of discontinued operations, income tax expense (benefit), interest expense, depreciation, and amortization. References to adjusted EBITDA refer to EBITDA before the impacts of items impacting comparability.
References to two-year compounded annualized numbers are calculated as: ([(1 + current year period's growth rate) * (1 + prior year period's growth rate)] ^ 0.5) – 1.
Discussion of Results Conagra Brands will host a webcast and conference call at 9:30 a.m. Eastern time today to discuss the results. The live audio webcast and presentation slides will be available on www.conagrabrands.com/investor-relations under Events & Presentations. The conference call may be accessed by dialing 1-877-883-0383 for participants in the U.S. and 1-412-902-6506 for all other participants and using passcode 7662840. Please dial in 10 to 15 minutes prior to the call start time. Following the Company's remarks, the conference call will include a question-and-answer session with the investment community. A replay of the webcast will be available on www.conagrabrands.com/investor-relations under Events & Presentations until July 14, 2023.
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®, Duncan Hines®, Healthy Choice®, Marie Callender's®, Reddi-wip®, and Slim Jim®, 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.
Note on Forward-looking Statements The information contained in this document includes forward-looking statements within the meaning of the federal securities laws. Examples of forward-looking statements include statements regarding our expected future financial performance or position, results of operations, business strategy, plans and objectives of management for future operations, and other statements that are not historical facts. You can identify forward-looking statements by their use of forward-looking words, such as "may", "will", "anticipate", "expect", "believe", "estimate", "intend", "plan", "should", "seek", or comparable terms. Readers of this document should understand that these forward-looking statements are not guarantees of performance or results. Forward-looking statements provide our current expectations and beliefs concerning future events and are subject to risks, uncertainties, and factors relating to our business and operations, all of which are difficult to predict and could cause our actual results to differ materially from the expectations expressed in or implied by such forward-looking statements. These risks, uncertainties, and factors include, among other things: the risk that the cost savings and any other synergies from the acquisition of Pinnacle Foods, Inc. (the "Pinnacle acquisition") may not be fully realized or may take longer to realize than expected; the risk that the Pinnacle acquisition may not be accretive within the expected timeframe or to the extent anticipated; the risks that the Pinnacle acquisition and related integration will create disruption to the Company and its management and impede the achievement of business plans; risks related to our ability to achieve the intended benefits of other recent acquisitions and divestitures; risks associated with general economic and industry conditions; risks associated with our ability to successfully execute our long-term value creation strategies; risks related to our ability to deleverage on currently anticipated timelines, and to continue to access capital on acceptable terms or at all; risks related to our ability to execute operating and restructuring plans and achieve targeted operating efficiencies from cost-saving initiatives, and to benefit from trade optimization programs; risks related to the effectiveness of our hedging activities and ability to respond to volatility in commodities; risks related to the Company's competitive environment and related market conditions; risks related to our ability to respond to changing consumer preferences and the success of our innovation and marketing investments; risks related to the ultimate impact of any product recalls and litigation, including litigation related to the lead paint and pigment matters, as well as any securities litigation, including securities class action lawsuits; risk associated with actions of governments and regulatory bodies that affect our businesses, including the ultimate impact of new or revised regulations or interpretations; risks related to the impact of the COVID-19 pandemic on our business, suppliers, consumers, customers, and employees; risks related to our forecasts of consumer eat-at-home habits as the impacts of the COVID-19 pandemic abate; risks related to the availability and prices of supply chain resources, including raw materials, packaging, and transportation, including any negative effects caused by changes in inflation rates, weather conditions, health pandemics or outbreaks of disease, actual or threatened hostilities or war, or other geopolitical uncertainty; disruptions or inefficiencies in our supply chain and/or operations, including from the COVID-19 pandemic; risks related to disruptions in the global economy caused by the ongoing conflict between Russia and Ukraine; risks associated with actions by our customers, including changes in distribution and purchasing terms; risks and uncertainties associated with intangible assets, including any future goodwill or intangible assets impairment charges; risks related to a material failure in or breach of our or our vendors' information technology systems; the amount and timing of future dividends, which remain subject to Board approval and depend on market and other conditions; risks related to the Company's ability to execute on its strategies or achieve expectations related to environmental, social, and governance matters, including as a result of evolving legal, regulatory, and other standards processes, and assumptions, the pace of scientific and technological developments, increased costs, the availability of requisite financing, and changes in carbon markets; and other risks described in our reports filed from time to time with the SEC. We caution readers not to place undue reliance on any forward-looking statements included in this document, which speak only as of the date of this document. We undertake no responsibility to update these statements, except as required by law.
Note on Non-GAAP Financial Measures This document includes certain non-GAAP financial measures, including adjusted EPS, organic net sales, adjusted gross profit, adjusted operating profit, adjusted SG&A, adjusted corporate expenses, adjusted gross margin, adjusted operating margin, adjusted effective tax rate, adjusted net income attributable to Conagra Brands, free cash flow, net debt, net leverage ratio, and adjusted EBITDA. Management considers GAAP financial measures as well as such non-GAAP financial information in its evaluation of the Company's financial statements and believes these non-GAAP measures provide useful supplemental information to assess the Company's operating performance and financial position. These measures should be viewed in addition to, and not in lieu of, the Company's diluted earnings per share, operating performance and financial measures as calculated in accordance with GAAP.
Certain of these non-GAAP measures, such as organic net sales, adjusted operating margin, and adjusted EPS are forward-looking. Historically, the Company has excluded the impact of certain items impacting comparability, such as, but not limited to, restructuring expenses, the impact of the extinguishment of debt, the impact of foreign exchange, the impact of acquisitions and divestitures, hedging gains and losses, impairment charges, the impact of legacy legal contingencies, and the impact of unusual tax items, from the non-GAAP financial measures it presents. Reconciliations of these forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures are not provided because the Company is unable to provide such reconciliations without unreasonable effort, due to the uncertainty and inherent difficulty of predicting the occurrence and the financial impact of such items impacting comparability and the periods in which such items may be recognized. For the same reasons, the Company is unable to address the probable significance of the unavailable information, which could be material to future results.
Hedge gains and losses are generally aggregated, and net amounts are reclassified from unallocated corporate expense to the operating segments when the underlying commodity or foreign currency being hedged is expensed in segment cost of goods sold. The Company identifies these amounts as items that impact comparability within the discussion of unallocated Corporate results.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.wibw.com/prnewswire/2022/07/14/conagra-brands-reports-fy22-fourth-quarter-full-year-results/ | 2022-07-14T13:03:01Z |
DALLAS (KDAF) — Can you feel it? A long weekend is ahead as the U.S. is set to celebrate Memorial Day on May 30. You need to know what to expect from the weather so you can secure your plans for Saturday through Monday! We’ve got you covered thanks to NWS Fort Worth.
Friday is set to have morning lows between 55-65 with afternoon highs reaching into the 80s and even lower 90s in western Central Texas. Saturday will be more of the same in terms of morning lows but North Texas should expect temps in the 90s and even around 100 degrees in the Big Country.
Sunday the heat will continue to rise with morning lows in the upper 60s to mid 70s and afternoon highs similar to Saturday. “It will become more humid as well, though gusty southerly winds 15 to 25 mph should help some. No rainfall is anticipated, so if you’re planning outdoor activities, you’re in good shape. Just remember to stay hydrated with water or water-based drinks!”
Monday will see more of the same with highs in the 90s and even some potential cloud cover. “A rain-free trend is expected late week, through the weekend, and into early next week. Though we’ll see near normal temperatures for most of the area (except the Big Country) through Friday, the heat returns in time for your Memorial Day Weekend.” | https://cw33.com/news/local/early-look-at-memorial-day-weekend-weather-in-north-texas-to-help-you-plan-your-long-weekend/ | 2022-05-25T18:28:02Z |
Services for Betty Kegley Davenport Whitson, 88, of Rockwall are pending with Harper-Talasek Funeral Home inTemple.
Mrs. Whitson died Thursday, June 9, at a Rockwall nursing facility.
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NEW YORK (AP) — Stocks on Wall Street overcame a shaky start to close broadly higher Thursday, as the major indexes more than made up for their losses earlier in the holiday-shortened week.
The S&P 500 rose 1.8%, with more than 85% of the stocks in the benchmark index notching gains. The Dow Jones Industrial Average rose 1.3%, while the Nasdaq climbed 2.7%.
Technology stocks accounted fore a big share of the gains as Microsoft erased an early loss. Bond yields eased.
Trading has been choppy in recent days as investors remain worried about inflation and the interest rate increases the Federal Reserve is using to fight it. Thursday’s market rally may have been spurred, in part, by a report showing private sector hiring that came in well below economists’ forecasts.
“The private payroll report was pretty weak,” said Tom Hainlin, national investment strategist at U.S. Bank Wealth Management. “It’s maybe one of those environments where people are looking for weak data that gives them some hope that the Fed will pause (rate hikes) in September.”
The S&P 500 rose 75.59 points to 4,176.82. The index has risen 7.1% since coming to the edge of a bear market two weeks ago.
The Dow added 435.05 points to 33,248.28, while the Nasdaq gained 322.44 points at 12,316.90.
Rising energy prices have been feeding inflation, which is already at its highest levels in four decades. U.S. gasoline prices hit another record high Thursday, with the average price at the pump costing $4.71 per gallon, according to motoring club federation AAA.
Investors remain focused on the balance between inflation, rising interest rates and economic growth. The Federal Reserve is being closely watched as it tries to temper the impact from inflation by raising interest rates from historic lows during the pandemic.
Several economic reports on Wednesday bolstered expectations for the Fed to keep raising interest rates aggressively. Wall Street is concerned that the Fed could slow economic growth too much and potentially send the economy into a recession.
But on Thursday, payroll processor ADP reported that hiring by private U.S. companies rose just 128,000 in May. That’s well below the 302,000 hires economists expected, according to FactSet.
Wall Street will get another glimpse into the health of the broader economy on Friday when the Labor Department releases its employment report for May. The jobs market had initially been slow to recover from the impact of the virus pandemic, but has bounced back strongly with low unemployment and plentiful job postings.
Meanwhile high inflation is eating into corporate profits, while the war in Ukraine and COVID-19 restrictions in China have also weighed on markets.
Technology stocks, whose lofty values tend to give the broader market a harder push higher or lower, accounted for a big share of the rally Thursday. Chipmaker Nvidia jumped 6.9% and software maker Adobe rose 5.5%.
Communications stocks, companies that rely on direct consumer spending and some big industrial firms gained ground. Facebook parent Meta Platforms rose 5.4%, Expedia Group added 6.3% and Boeing climbed 7.5%.
Small company stocks rose, signaling confidence about economic growth. The Russell 2000 gained 42.85 points, or 2.3%, to 1,897.67.
Bond yields were relatively stable. The yield on the 10-year Treasury, which helps set interest rates on mortgages and other loans, fell to 2.91% from 2.93% from late Wednesday.
Energy stocks fell. Chevron slipped 0.2%.
Investors continue monitoring corporate earnings and financial updates. Microsoft rose 0.8%, recovering from an early slide, after cutting its financial forecasts for the current quarter. The software pioneer cited unfavorable changes in exchange rates. Online pet store Chewy surged 24.2% after reporting strong earnings.
___
Veiga reported from Los Angeles. | https://cw33.com/business/ap-business/asia-shares-slide-across-board-amid-rate-hike-covid-worries/ | 2022-06-02T22:41:20Z |
Jill Biden on teaching as first lady: ‘Knew I could do both’
WASHINGTON (AP) — Jill Biden says she didn’t doubt that she could keep teaching as first lady and overcame the skepticism that she could handle both jobs by instructing her staff to “figure it out.”
In a new interview in the September issue of Real Simple magazine, the first lady describes how she uses Post-it notes to manage her large family, and offers marriage advice to newlyweds hoping to celebrate 45 years of marriage as she and President Joe Biden did on June 17.
Biden is the first first lady to continue her career outside the White House.
“I think people were a little skeptical. Could I truly do it, since I was the first one to try it?,” she said. “But I knew I wanted to teach.”
She said she told her staff, “This is what I want to do. We have to figure it out.’
Biden continues to teach English and writing at Northern Virginia Community College, which is where she taught during the eight years her husband was vice president. Her staff back then also doubted that she could teach and serve as second lady, but she managed.
“I saw it work then, and I knew we could figure out how to do it now,” she said.
Biden doesn’t like to use “juggling” or “balancing” to describe how she handles her responsibilities.
“You can’t do anything in a haphazard way,” she said. “You have to have purpose while you’re doing it, and it has to be organized. That’s the key to it.”
To that end, she relies on Post-it notes to manage her family gatherings and save herself from having to explain things over and over. She sticks instructions — like “fill glasses with ice” or “light candles” — to her kitchen cabinets so family arriving will know right away how to help.
“Everything is set up so when somebody comes in, they do what they want to do,” she said.
The first lady also uses Post-it notes to communicate with the president.
“If I want to get a message to Joe, I put one on his mirror,” she said. “It may be a nice ‘I missed you’ or ‘I hope you get whatever it is you’re working on.’”
She said it’s taken a lot of work for her and the president to get to 45 years of marriage. Both were married previously.
Joe Biden, 79, lost his first wife and infant daughter when the car she was driving collided with a truck in Delaware just before Christmas 1972. His two young sons were gravely injured. Jill Biden, 71, was divorced from her first husband.
“You have to work in any relationship, but especially in marriage. It’s not always 50/50,” she said. “Sometimes you lean on him, sometimes he leans on you. Sometimes he’s super busy and I have to pick up a lot of it, or vice versa.
“The goal is that we’re not in the same place at the same time, so we can count on one another when we need to,” she added.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/08/02/jill-biden-teaching-first-lady-knew-i-could-do-both/ | 2022-08-02T14:10:33Z |
- Hundreds of Aspen Dental offices to open doors for annual Day of Service, honoring veterans
- Veterans and their families can call 1-844-277-3646 to schedule an appointment
CHICAGO, May 28, 2022 /PRNewswire/ -- On Saturday, June 11, participating Aspen Dental locations nationwide will open their doors to provide free care to military veterans across the country. Now in its 8th year, the Aspen Dental Day of Service provides much-needed dental care for veterans and their families at no cost to honor their service and break down barriers to health care.
Appointments are still available for veterans in Massachusetts, at the following Aspen Dental locations:
- Auburn, Massachusetts
- Brockton, Massachusetts
- Chelmsford, Massachusetts
- Fall River, Massachusetts
- Hadley, Massachusetts
- Hanover, Massachusetts
- Haverhill, Massachusetts
- North Dartmouth, Massachusetts
- Peabody, Massachusetts
- Pittsfield, Massachusetts
- Quincy, Massachusetts
- Raynham, Massachusetts
- Waltham, Massachusetts
- Wareham, Massachusetts
Veterans and their families can call 1-844-277-3646 (1-844-ASPENHMM) to find a participating Aspen Dental office in their community and schedule an appointment. Advance appointments are required. During the Day of Service, Aspen Dental doctors and their teams focus on treating the most urgent dental needs for veterans and their families - with a focus on getting them out of pain, from fillings and extractions to dental hygiene and basic denture repairs.
Millions of Americans struggle to access dental care every year, and veterans are no exception. In fact, U.S. veterans are ineligible for dental benefits through the Veterans Administration unless they're 100% disabled, have a service-related mouth injury, or were a prisoner of war.
Visit www.HealthyMouthMovement.com to learn more.
Aspen Dental was founded in 1998 in New York by Bob Fontana with a simple goal in mind: to break down the barriers that doctors and patients face when it comes to dental care. Today, more than 20 years later, with nearly 1,000 Aspen Dental locations nationwide, the mission of the company remains the same – to bring better care to more people. Aspen Dental is the largest group of branded dental offices in the world. For more information, visit aspendental.com, and follow us on Facebook, Twitter, and LinkedIn.
TAG – The Aspen Group was built on the simple idea of bringing better health care to more people. TAG and the independent health care practices it supports operate more than 1,100 locations in 45 states through its four health care support companies: Aspen Dental®, ClearChoice Dental Implant Centers®, WellNow Urgent Care® and Chapter Aesthetic StudioSM. Combined, the companies serve more than 35,000 patients a day and more than 8 million patients each year. TAG is headquartered at 800 W. Fulton Market in Chicago. For more information, visit teamtag.com, and follow us on LinkedIn and Twitter.
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SOURCE Aspen Dental | https://www.mysuncoast.com/prnewswire/2022/05/28/free-dental-care-military-veterans-their-families-saturday-june-11-with-appointments-still-available-massachusetts/ | 2022-05-28T12:30:16Z |
Actress and singer Mandy Moore has announced she is expecting her second child with her husband, musician Taylor Goldsmith.
"One incredibly seminal chapter of my life just ended and the next one, as a mother of two, is about to start... and are we ever so deeply grateful and excited," wrote Moore, 38, on Instagram Friday. She added a photo of her son Gus wearing a shirt that says "big brother."
"Baby Boy Goldsmith #2 coming this fall!," said Moore. "Tour is gonna be slightly different than I expected but I can't wait and Gus is gonna be the BEST big brother!!"
Goldsmith, who is the lead singer of folk band Dawes, shared his own announcement on Instagram, writing that Moore "is gonna be the best MomOf2."
There's a good chance I'm the happiest, luckiest person you know (or just follow) and now we're gonna double it," he added.
The news comes just as Moore is about to embark on tour. Before making her name as an actress, Moore rose to fame with her 1999 single "Candy" and continues to produce and perform music. Her next show is June 10 in Atlanta, Georgia, according to her website.
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LEESBURG — Lee County athletic director Hank Wright announced this week that all coaching positions at Lee County High School are now filled with the addition of Elizabeth Hatcher and Marley Myers.
Hatcher, an English teacher who came to Lee County in 2020, will lead the boys and girls swimming teams. Hatcher is taking over from longtime swim coach Marri Haggerty.
Before she moved to Lee County, Hatcher coached swimming at Thomasville High School, where she had multiple relay teams and individual swimmers qualify for state and make finals. She also had three divers compete at the state level, with two finishing in the top seven of the division.
"I love all sports," Hatcher said in an interview Tuesday evening. "But I fell in love with swimming a couple of years ago while coaching at Thomasville. Coaching swimming is different because you have the team aspect, but it is also an individual sport. You get to coach the individual more closely and then put it together as a team. Swim athletes tend to be very focused and excellent students in the classroom as well."
Hatcher is married to Jonathan Hatcher and they have three children —Gerald, Lilli and Abigail.
The swim season begins in October and runs through February. The Lee County team hosts home meets at Albany State University and the Trojan Invitational is planned for January 7.
Myers will be taking over the boys tennis program at Lee County High. She has been a PE/Health teacher at Lee County Middle School West for seven years. Since being in Lee County, she has coached middle school basketball, soccer and softball, and started the middle school tennis program four years ago.
Myers played collegiate tennis at ABAC for two years before moving to Valdosta to begin her coaching career, while earning her health and physical education degree at Valdosta State University. She is very excited to continue building the Lee County tennis program in her new role as the varsity boys tennis coach. Regeana King will continue as the girls tennis coach.
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accounts, the history behind an article. | https://www.albanyherald.com/sports/lee-county-finalizes-coaching-staff-with-promotions-of-elizabeth-hatcher-marley-myers/article_529a8ec8-07de-11ed-adcc-7f9a2717a5c3.html | 2022-07-20T05:47:14Z |
1 death, 140 new COVID cases reported in RIley County
Published: Aug. 31, 2022 at 3:04 PM CDT|Updated: 8 minutes ago
RILEY COUNTY, Kan. (WIBW) - The Kansas Department of Health and Environment recorded 140 new COVID-19 cases as well as a COVID-related death between August 20 - 26.
KDHE reported the incidence rate is 188.8 which places Riley County in the high category with more than 100 cases per 100,000 people. The COVID-related death in Riley County was a 95-year-old, unvaccinated female who tested positive on July 24 and passed away August 8th.
Her death is the 94th from COVID in Riley County.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/08/31/1-death-140-new-covid-cases-reported-riley-county/ | 2022-08-31T20:14:40Z |
Former NFL player Marshawn Lynch accused of DUI in Las Vegas
LAS VEGAS (KVVU/Gray News) - The Las Vegas Metropolitan Police Department reported former NFL star Marshawn Lynch was arrested after he was accused of driving under the influence.
Officers stopped a vehicle at about 7:25 a.m. Tuesday because they suspected the driver, identified as Lynch by police, was impaired, KVVU reported.
Upon further investigation, Las Vegas police reported officers determined Lynch had been driving impaired.
According to police, Lynch was then arrested and taken to the Las Vegas City Jail where he was charged with DUI.
Lynch retired from the NFL after the 2019 season after playing for 13 seasons, according to ESPN. During his career, he played for the Seattle Seahawks, Buffalo Bills and Oakland Raiders.
Copyright 2022 KVVU via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/08/09/former-nfl-player-marshawn-lynch-accused-dui-las-vegas/ | 2022-08-09T20:23:42Z |
The future of Covid-19 vaccines -- including when and how often booster doses might be needed -- remains unclear and "complex," according to advisers to the US Food and Drug Administration.
The FDA's Vaccines and Related Biological Products Advisory Committee (VRBPAC) detailed in a meeting Wednesday how emerging coronavirus variants and the future use of Covid-19 booster shots would be approached and coordinated -- and the advisers plan to continue their conversation in the coming months.
The meeting "was a good opportunity to show how complex the decision-making is going to be going forward," Dr. Eric Rubin, editor in chief of The New England Journal of Medicine, who sits on the FDA's VRBPAC, told CNN following Wednesday's deliberations.
"Right now, we don't have a good idea of what the next-generation vaccine is going to look like," said Rubin, who is also an infectious disease specialist at the Harvard T.H. Chan School of Public Health. "And at the same time, we don't know what the next strain is going to look like."
As the VRBPAC panel -- and other leading public health experts -- work to answer some of those questions about the future, Rubin said that it is useful to get these issues "out there" now, and "start thinking about them."
A whole new vaccine
The Covid-19 vaccinations that people receive in the future could be completely different formulations than what are administered now -- which are a composition based on the original version of the virus that emerged in late 2019.
Some companies, including Pfizer/BioNTech and Moderna, are developing variant-specific vaccines that could target whatever variant of the coronavirus is circulating when that booster might be needed. For instance, Pfizer and Moderna have each said they are working on a vaccine that would specifically protect against the Omicron variant, even though it's not clear whether one is needed.
Pfizer CEO Albert Bourla has said the company is also hoping to make a vaccine that will protect against Omicron as well as all other variants of the coronavirus.
The goal is to create "something that can protect for at least a year," Bourla told CBS in March. "And if we are able to achieve that, then I think it is very easy to follow and remember so that we can go back to really the way [we] used to live."
Moderna and the biotechnology company Novavax also are working on two-in-one combination vaccines that can offer protection against both flu and Covid-19.
"Our goal is to be able to have a single annual booster, so that we don't have compliance issues where people don't want to get two to three shots a winter, but they get one dose where they get a booster for corona and they get a booster for flu and RSV, to make sure that people get their vaccines," Moderna CEO Stéphane Bancel said at the World Economic Forum in January of a single vaccine for Covid-19, influenza and respiratory syncytial virus, a common virus that causes cold-like symptoms.
Various research teams from different institutions also are working to develop a "pan-coronavirus" vaccine -- one that offers protection against multiple variants of the coronavirus that causes Covid-19.
The hope is that such a vaccine could pave the way for the development of a universal coronavirus vaccine, which could head off any coronavirus and and even the menacing threat of novel coronaviruses we haven't identified yet.
There are seven known coronaviruses that infect humans: four that cause common colds; Middle East respiratory syndrome, or MERS; severe acute respiratory syndrome, or SARS; and SARS-CoV-2, the coronavirus that causes Covid-19.
A possible universal vaccine, however, is going to take much longer to develop -- likely several years -- than a pan-coronavirus vaccine or so-called "multivalent" vaccine that could protect against multiple SARS-CoV-2 variants.
But while the composition of coronavirus vaccines could change in the future to target any new and emerging variants, there needs to be a "framework" for how and when such changes take place, according to VRBPAC members.
To start, the FDA would seek advice from the VRBPAC before any changes to the composition of coronavirus vaccines are made, Jerry Weir of the FDA's Office of Vaccines Research and Review told the advisory committee in Wednesday's meeting.
On some routine basis, "the FDA and VRBPAC would review the epidemiology of circulating SARS-CoV-2 variants in the US, the effectiveness of available vaccines in use, and the available clinical data and manufacturing concerns for modified vaccines, in order to determine whether to recommend an updated vaccine for use," Weir said.
"There should be some thought given to a collaborative plan -- this is going forward -- that includes manufacturers, the FDA and other public health agencies," Weir added.
Such a plan "would provide the necessary clinical data needed for the future vaccine composition decisions," he said. "These plans should be developed to respond to any emerging variant that escapes protection provided by currently available vaccines."
After all, as the coronavirus evolves, new variants are likely to emerge in the future.
Coronavirus evolution is 'remarkably fast'
In the two years since the start of the pandemic, the SARS-CoV-2 virus already has achieved about "five years" worth of virus evolution -- and the virus will continue to evolve, experts told VRBPAC in Wednesday's meeting.
When compared with various types of flu viruses, "SARS-CoV-2 so far has been evolving about twice as fast as influenza H3N2, about four times as fast as influenza H1N1, and about 10 times as fast as B/Victoria," Trevor Bedford, a scientist at Howard Hughes Medical Institute, told VRBPAC members.
"This means that if you look here at Omicron-like viruses, in just two years' time, since the start of the pandemic, we've accomplished about five years of equivalent evolution," Bedford said. "The evolution has been remarkably fast so far."
As the pandemic transitions into an endemic phase, "we really don't know" whether "wildly divergent" variants of the virus will be common or rare, Bedford said. Endemic means a disease has a constant presence in a population but is not affecting an alarmingly large number of people, as typically seen in a pandemic.
Yet to respond to a fast-changing virus, coordinating the possible rollout of vaccines as variants emerge in the future remains complicated.
"We have multiple manufacturers. We are talking about some vaccines in development that might not be authorized or approved yet that could also be coming into the mix. How do we essentially unify what we're doing for a booster?" Dr. Peter Marks, director of the FDA's Center for Biologics Evaluation and Research, told VRBPAC members.
"It might be better to have a unified approach with a strain selection or a variant selection, much the same as we do for influenza," Marks said, referring to how flu vaccines are updated each year to match circulating strains. "Much like with flu, once we move to a new composition ... it will also change the composition of the primary series."
The way flu vaccines are updated each year could be a model for the future of coronavirus vaccines -- but VRBPAC member Oveta Fuller, of the University of Michigan, emphasized that the nation had much more than two years to understand the flu.
"Let me remind us that we didn't get to understand influenza in two years. It's taken years to get to a uniform -- somewhat still imperfect but also useful -- process for what we do with flu," Fuller said in Wednesday's meeting.
"We need to remind ourselves and step back that we are very new in this pandemic, and we don't have the answers," Fuller said. "VRBPAC doesn't have the answers. FDA doesn't have the answers. The important thing here is that the public understands how complex this is."
What keeps an FDA official up at night
Even once Covid-19 transitions from a pandemic to endemic, will enough people complete their coronavirus vaccinations so that the disease stays at endemic levels -- or will they grow tired of getting their Covid-19 booster doses? That is a concern that Marks expressed Wednesday.
"What really keeps me up at night is the knowledge that we can't keep boosting and that we're going to have vaccine exhaustion," Marks told VRBPAC members.
"I'm talking about physical exhaustion and people not going to get boosted," he said.
Currently, about 66% of the US population is fully vaccinated with at least their initial series -- including more than 75% of adults -- and about 30% have received their booster. In March, the FDA authorized second booster doses for adults 50 and older. On Wednesday, Marks called that a "stopgap" measure.
"I think we're very much on board with the idea that we simply can't be boosting people as frequently as we are, and I'm the first to acknowledge that this additional fourth booster dose that was authorized was a stopgap measure until we got things in place for the next potential booster, given the emerging data," Marks said in Wednesday's meeting.
"It was done because of the amount of harm that has come to our older population in the United States with 1 in 100 individuals over the age 65 having died in the past two years of Covid-19, so we need to protect that population," Marks said.
"Moving forward, we will have this issue that coming into the fall season only half of the population overall -- and granted it's two-thirds of the population over age 65 are vaccinated with a third dose -- but half of the population overall hasn't received a third dose," he added. "That means that they will not have the more durable protection."
Marks expects to hold another meeting in early summer to discuss Covid-19 booster doses for the fall and winter, he told VRBPAC members.
Looking ahead, he said, "Our goal here is to stay ahead of future variants and outbreaks and ensure that we do our best to reduce the toll of disease and death due to Covid-19 on our population."
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/features/health/fda-vaccine-advisers-say-a-plan-for-updating-covid-19-shots-is-needed/article_f354a8d6-510d-50cb-a38d-037ae8759033.html | 2022-04-07T01:37:02Z |
WASHINGTON (AP) — Eleven years after her own life was massively altered by gun violence, former congresswoman Gabby Giffords stood in front of the Washington Monument Tuesday and lobbied anew for stricter gun laws after yet another string of mass shootings in America.
“Stopping gun violence takes courage, the courage to do what’s right,” Giffords said, surrounded by more than 45,000 small vases of white and orange flowers representing each of the Americans killed by gun violence each year. “We must never stop fighting. Be bold. Be courageous. The nation is counting on you.”
Giffords, was shot in the head in 2011 while speaking to constituents in a mass shooting in Tucson, Arizona, that killed six people. Her injuries from the assassination attempt left her with difficulty walking and occasional difficulty speaking.
She has emerged as an advocate for nationwide gun control laws; the foundation she created placed the flowers around the Washington Monument.
Giffords’ long-standing cause has been given fresh momentum by a new string of mass shootings around the country, from an elementary school in Texas to a grocery store in Buffalo, New York, and a medical clinic in Tulsa, Oklahoma.
The violence has spurred a flurry of activity in the nation’s capital, with Democrats in Congress pushing for sweeping reforms that include raising the national age limit to purchase a gun and banning automatic weapons. Families of the victims in the most recent mass shootings spoke before the Senate Judiciary Committee Tuesday, with more hearings planned in advance of mass marches this weekend in Washington and other cities.
But whatever reform package passes the Democrat-controlled House of Representatives is in danger of being watered down by the Republicans in the Senate. Tuesday’s press conference was part of a campaign to build pressure on Congress and argue that American public opinion favors serious reform of gun laws at a national level.
“We know what the solutions are. We’ve seen them work in some states and we’ve certainly seen it in other countries,” said Sen. Amy Klobuchar, D-Minn., Raising the national age limit to 21, “would be a major game changer in a lot of these shootings,” she said.
Sen. Chris Murphy, whose home state of Connecticut was the site of the murder of 20 schoolchildren at Sandy Hook Elementary a decade ago, is one of the leaders of bipartisan congressional negotiations seeking an acceptable deal.
Senators have been meeting privately in a small bipartisan group headed by Murphy, a Democrat, and Republican Sen. John Cornyn, trying to hash out a compromise that could actually become law.
But lawmakers have been here before — unable to pass any substantial gun safety laws in decades in the face of steep objections from Republicans in Congress, some conservative Democrats, and the fierce lobby of gun owners and the National Rifle Association. No major legislation has made it into law since the 1994 assault weapons ban, which has since expired.
On Tuesday, Murphy warned Senate Republicans that the time for symbolic gestures had passed and shifting American public opinion now favors serious nationwide gun control measures.
“We’re not going to settle for a piece of legislation that just checks a box,” he said. “We need to put pressure on the United States Senate to do the right thing.”
___
Associated Press writers Farnoush Amiri and Lisa Mascaro contributed to this report. | https://cw33.com/news/politics/ap-politics/former-rep-giffords-tells-congress-be-bold-on-gun-reform/ | 2022-06-08T17:32:00Z |
Integration expands longstanding partnership between the companies, and provides highly efficient offering using Cipia's multiple Neural Networks based DMS
TEL AVIV, Israel , April 27, 2022 /PRNewswire/ -- Cipia (TASE: CPIA), a computer vision AI in-cabin automotive solutions provider, today announced an expansion of the company's existing partnership with Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor and software company. Cipia announced the integration and general availability of its leading Driver Sense DMS on Ambarella's CV28 SoC, to offer state of the art driver monitoring with the leanest available computing requirements.
Ambarella's CV28 combines advanced image signal processing, high-resolution video encoding, and CVflow® computer vision processing in a single SoC. The lean computing requirements of Cipia's driver monitoring system (DMS) software, combined with the efficient architecture of Ambarella's CV28 SoC, provide low power consumption and reduced thermal management. This allows the combined solution to fit in extremely small form factors, such as rear view mirrors, while not compromising on the performance and capabilities that OEMs require. Additionally, this solution complies with existing and anticipated DMS automotive regulations. The CV28 integrates Ambarella's latest-generation ISP, which is capable of processing monochrome (IR) as well as RGB-Ir sensors.
Cipia's neural networks architecture efficiency, and the additional optimization for Ambarella's CVflow AI engine, leave ample room for additional capabilities on the CV28. The Euro-compliant basic DMS utilizes only 50% of the SoC's total Arm® cores and 10% of the CVflow engine's AI processing power. The advanced DMS setup, with detection of driver ID and dangerous activities (phone usage, smoking and seatbelt fastening), utilizes 60% of the total Arm cores and 35% of the CVflow AI engine.
"This latest integration continues our longstanding and successful partnership with Ambarella," said David Tolub, CEO of Cipia. "Ambarella's CVflow SoC portfolio includes the ideal combination of a powerful image processing pipeline, CPU power and neural processing acceleration. It enables Cipia to run many neural networks at a high frame rate, and to provide a broad range of features that could not run on a CPU-only processor."
"We're seeing a significant increase in demand for advanced driver monitoring systems," said Fermi Wang, President and CEO at Ambarella. "The efficiency of Cipia's neural networks offers automakers a wide range of DMS features with high levels of accuracy, while the low-power operation enables the camera to be mounted in a variety of locations within the vehicle."
About Cipia:
Cipia is a leading provider of intelligent sensing solutions that use edge-based computer vision and AI for safer and better mobility experiences. The company focuses on the automotive in-cabin environment, offering Driver Sense - driver monitoring system, Cabin Sense - occupancy monitoring systems and Cipia-FS10 - a driver monitoring and video telematics device for fleets. Over a decade of research and development stands behind the company's proprietary market-leading computer vision technology. Cipia is constantly pushing the boundaries of what intelligent sensing solutions can see and accomplish, for better and safer mobility.
Cipia Media Contact:
Lazer Cohen
lazer@westraycommunications.com
347-753-8256
Cipia Company Contact:
Liat Rostock
Liat.R@cipia.com
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SOURCE Cipia | https://www.kxii.com/prnewswire/2022/04/27/cipias-driver-sense-dms-now-available-ambarellas-cv28-automotive-soc/ | 2022-04-27T14:52:54Z |
FARMINGTON, Conn., April 8, 2022 /PRNewswire/ -- Otis Worldwide Corporation ("Otis") (NYSE: OTIS) received the results of its voluntary public tender offer to acquire the remaining 49.98% interest in Zardoya Otis, S.A. ("Zardoya Otis") it does not currently own. The Spanish National Securities Exchange Commission ("CNMV") announced acceptances of the tender offer representing 214,017,076 shares or 45.49% of shares outstanding, which will bring total Otis ownership of Zardoya Otis to 95.51%.
The voluntary tender is expected to settle on April 12, 2022. Upon settlement, Otis will own more than 95% of the outstanding Zardoya Otis shares, and the company will execute a squeeze out provision to acquire the remaining interest. The execution of the squeeze out transaction will result in the automatic delisting of the Zardoya Otis shares from the Madrid, Barcelona, Bilbao and Valencia stock exchanges, which is expected to occur in early-May.
"We are pleased with the strong interest in the voluntary tender offer, marking a significant milestone in our plans to increase our ownership in, and delist, Zardoya Otis," said Otis Chair, CEO and President Judy Marks. "This transaction will simplify our business structure, create value for customers and shareholders, while providing incremental growth opportunities for Otis."
The expected 2022 adjusted EPS accretion from the transaction is largely in line with prior expectations.
For further details, please see the regulatory announcement here.
About Otis
Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2 billion people a day and maintain more than 2.1 million customer units worldwide, the industry's largest Service portfolio. Headquartered in Connecticut, USA, Otis is 70,000 people strong, include 41,000 field professionals, all committed to meeting the diverse needs of our customers and passengers in more than 200 countries and territories worldwide. To learn more, visit www.otis.com and follow us on LinkedIn, Instagram, Facebook and Twitter @OtisElevatorCo.
Use and Definitions of Non-GAAP Financial Measures
Otis Worldwide Corporation ("Otis") reports its financial results in accordance with accounting principles generally accepted in the United States ("GAAP"). We supplement the reporting of our financial information determined under GAAP with certain non-GAAP financial information. The non-GAAP information presented provides investors with additional useful information but should not be considered in isolation or as substitutes for the related GAAP measures. Moreover, other companies may define non-GAAP measures differently, which limits the usefulness of these measures for comparisons with such other companies. We encourage investors to review our financial statements and publicly filed reports in their entirety and not to rely on any single financial measure.
Adjusted diluted earnings per share ("EPS"), represents diluted earnings per share from continuing operations (a GAAP measure), adjusted for the per share impact of restructuring and other significant items of a non-recurring and/or nonoperational nature. Management believes adjusted EPS is a useful measure in providing period-to-period comparisons of the results of Otis' ongoing operational performance.
When we provide our expectations for adjusted EPS a reconciliation of the differences between the non-GAAP expectation and the corresponding GAAP measure (expected diluted EPS from continuing operations) generally is not available without unreasonable effort due to potentially high variability, complexity and low visibility as to the items that would be excluded from the GAAP measure in the relevant future period, such as unusual gains and losses, the ultimate outcome of pending litigation, fluctuations in foreign currency exchange rates, the impact and timing of potential acquisitions and divestitures, and other structural changes or their probable significance. The variability of the excluded items may have a significant, and potentially unpredictable, impact on our future GAAP results.
Cautionary Statement
This communication contains statements which, to the extent they are not statements of historical or present fact, constitute "forward-looking statements" under the securities laws. From time to time, oral or written forward looking statements may also be included in other information released to the public. These forward-looking statements are intended to provide management's current expectations or plans for Otis' future operating and financial performance, based on assumptions currently believed to be valid. Forward-looking statements can be identified by the use of words such as "believe," "expect," "expectations," "plans," "strategy," "prospects," "estimate," "project," "target," "anticipate," "will," "should," "see," "guidance," "outlook," "medium-term," "near-term," "confident," "goals" and other words of similar meaning in connection with a discussion of future operating or financial performance, the proposed tender offer by Otis to acquire all of the issued and outstanding shares of Zardoya Otis, S.A (the "Tender Offer") and the separation (the "Separation") from United Technologies Corporation (now known as Raytheon Technologies Corporation ("RTX")). Forward-looking statements may include, among other things, statements relating to future sales, earnings, cash flow, results of operations, uses of cash, dividends, share repurchases, tax rates, research & development spend, credit ratings, net indebtedness and other measures of financial performance or potential future plans, strategies or transactions of Otis following the Separation or in connection with the Tender Offer, including the estimated costs associated with the Separation and the Tender Offer, or statements that relate to climate change and our intent to achieve certain environmental, social and governance targets or goals, including operational impacts and costs associated therewith, and other statements that are not historical facts. All forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. For those statements, Otis claims the protection of the safe harbor for forward-looking statements contained in the U.S. Private Securities Litigation Reform Act of 1995. Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which Otis and its businesses operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction, pandemic health issues (including COVID-19 and variants thereof and the ongoing economic recovery therefrom and their effects on, among other things, global supply, demand and distribution), natural disasters and the financial condition of Otis' customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) future levels of indebtedness, capital spending and research and development spending; (4) future availability of credit and factors that may affect such availability, credit market conditions and Otis' capital structure; (5) the timing and scope of future repurchases of Otis' common stock ("Common Stock"), which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash; (6) fluctuations in prices and delays and disruption in delivery of materials and services from suppliers, whether as a result of COVID-19 or otherwise; (7) cost reduction or containment actions, restructuring costs and related savings and other consequences thereof; (8) new business and investment opportunities; (9) the outcome of legal proceedings, investigations and other contingencies; (10) pension plan assumptions and future contributions; (11) the impact of the negotiation of collective bargaining agreements and labor disputes; (12) the effect of changes in political conditions in the U.S. and other countries in which Otis and its businesses operate on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (13) the effect of changes in tax, environmental, regulatory (including among other things import/export) and other laws and regulations in the U.S. and other countries in which Otis and its businesses operate; (14) the ability of Otis to retain and hire key personnel; (15) the scope, nature, impact or timing of acquisition and divestiture activity, including among other things integration of acquired businesses into existing businesses and realization of synergies and opportunities for growth and innovation and incurrence of related costs; (16) the timing of closing, if any, of the Tender Offer and the ability to achieve the expected benefits of the Tender Offer and the timing thereof; (17) the ability to achieve the expected benefits of the Separation; (18) the determination by the Internal Revenue Service and other tax authorities that the distribution or certain related transactions should be treated as taxable transactions; and (19) the amount of our obligations and nature of our contractual restrictions pursuant to, and disputes that have or may hereafter arise under the agreements we entered into with RTX and Carrier Corporation in connection with the Separation. The above list of factors is not exhaustive or necessarily in order of importance. For additional information on identifying factors that may cause actual results to vary from those stated in forward-looking statements, see Otis' registration statement on Form 10 and the reports of Otis on Forms 10-K, 10-Q and 8-K filed with or furnished to the SEC from time to time. Any forward-looking statement speaks only as of the date on which it is made, and Otis assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
Media Contact
Katy Padgett
+1-860-674-3047
kathleen.padgett@otis.com
Investor Relations Contact
Michael Rednor
+1-860-676-6011
investorrelations@otis.com
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SOURCE Otis Worldwide Corporation | https://www.kxii.com/prnewswire/2022/04/08/otis-receives-results-zardoya-tender-offer/ | 2022-04-08T11:15:55Z |
The whitepaper from BARR Advisory and Hive Systems sheds new light on technical debt in cybersecurity, including what it looks like in practice, how it impacts businesses, and how to minimize its effects.
KANSAS CITY, Mo., June 8, 2022 /PRNewswire/ -- BARR Advisory and Hive Systems have partnered to release a new whitepaper examining technical debt and its impact on cybersecurity.
The latest cybersecurity resource created as part of an ongoing collaboration between BARR Advisory and Hive Systems, the whitepaper was designed to help organizations identify and solve cybersecurity challenges posed by technical debt, which arises as a result of taking shortcuts to meet short-term objectives at the expense of long-term security and flexibility.
The whitepaper underscores how managing and minimizing technical debt can help growing businesses realize their security goals and achieve lasting cyber resiliency.
"Business leaders and project managers often overlook the long-term effects that technical debt can have on their organizations," said BARR Advisory founder and president Brad Thies. "With this whitepaper, we aim to help them identify instances where they're accumulating technical debt early so it doesn't spiral into a major problem later on."
"The Impact of Technical Debt on Cybersecurity" explores:
How technical debt impacts the confidentiality, integrity, and availability of systems;
- What technical debt looks like in practice;
- How to prevent technical debt from becoming a problem;
- How to manage technical debt so that it doesn't impact cybersecurity efforts; and,
- How to automate technical debt management solutions.
The whitepaper also identifies steps organizations can take to recognize and mitigate technical debt as early as the planning stage of project development and shares tips for businesses aiming to prevent the challenges caused by technical debt from leaving long standing impacts on their overall cybersecurity posture and business growth.
"Technical debt isn't just an IT problem—it's a business problem that prevents agility," said Alex Nette, CEO and co-founder of Hive Systems. "By understanding how to identify tech debt and reverse it, companies can operate more securely while exceeding their customers' expectations in the digital age."
The release of the whitepaper comes more than a year after BARR Advisory and Hive Systems first partnered to provide businesses with comprehensive and streamlined cybersecurity solutions. In addition to the whitepaper, BARR's Thies and Hive's Nette recently appeared on a webinar discussing how to navigate periods of heightened security risk by leaning on cybersecurity fundamentals.
To download the full whitepaper, visit: https://www.barradvisory.com/resources/whitepapers/
BARR Advisory is a cloud-based security and compliance solutions provider specializing in cybersecurity consulting and compliance for companies with high-value information in cloud environments like AWS, Microsoft Azure, and Google Cloud Platform. A trusted advisor to some of the fastest growing cloud-based organizations around the globe, BARR simplifies compliance across multiple regulatory and customer requirements in highly regulated industries including technology, financial services, healthcare, and government.
BARR Advisory services include:
- Compliance Program Assistance
- SOC 1 Examinations
- SOC 2 and 3 Examinations
- SOC for Cybersecurity
- PCI DSS Assessment Services
- ISO 27001 Assessments
- FedRAMP Security Assessments
- HIPAA/HITECH Services
- HITRUST Services
- Penetration Testing and Vulnerability Assessments
- Virtual CISO Services
- People and Culture Services
Hive Systems provides smarter cybersecurity solutions with our trusted experts. Leveraging our collective experience, we promote a true partnership by understanding what makes your organization unique to help evaluate your cybersecurity strengths and vulnerabilities. Together, we'll develop a risk reduction strategy that best utilizes your existing investments, including both technology and people, to reduce your risk anywhere—so you can keep your information secure everywhere. Through Hive Helps, we offer pro bono consulting services to qualified non-profit organizations and communities to ensure that limited resources don't stand in the way of social progress.
BARR ADVISORY MEDIA CONTACT
Michelle Smith
BARR Advisory
785-979-8874
msmith@barradvisory.com
HIVE SYSTEMS MEDIA CONTACT
David Oglethorpe
Hive Systems
804-396-4720
mediarelations@hivesystems.io
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SOURCE BARR Advisory | https://www.mysuncoast.com/prnewswire/2022/06/08/barr-advisory-hive-systems-partner-reveal-impact-technical-debt-cybersecurity/ | 2022-06-08T15:14:30Z |
2022 Department of Defense Warrior Games Athletes and U.S. Army General Lead Torch Parade at Disney's Magic Kingdom Park
Published: Aug. 18, 2022 at 6:22 PM CDT|Updated: 37 minutes ago
LAKE BUENA VISTA, Fla., Aug. 18, 2022 /PRNewswire/ -- Walt Disney World Resort proudly hosted 2022 Department of Defense (DoD) Warrior Games athletes on Thursday, celebrating the arrival of the Warrior Games with a parade at Magic Kingdom Park. Commanding General of United States Army's Training and Doctrine Command General Paul E. Funk joined several athletes in serving as Grand Marshals for the Disney Festival of Fantasy Parade and the athletes took turns carrying the Warrior Games torch that will light the cauldron at the Opening Ceremony on Friday at ESPN Wide World of Sports Complex. The participating athletes represented the Army, Navy, Air Force, Special Operations Command, Canada and Ukraine that will compete in the Warrior Games along with the Marine Corps.
Walt Disney World Resort proudly celebrates the arrival of 2022 Department of Defense Warrior Games athletes.
The Warrior Games, hosted by Army's Training and Doctrine Command, will take place over nine days at ESPN Wide World of Sports Complex at Walt Disney World Resort starting Saturday. The Warrior Games is an adaptive-sports competition that highlights the exceptional physical skills and mental toughness of wounded, ill and injured active-duty and veteran service members. The Games feature 12 adaptive sports including archery, cycling (both road race and time trials), shooting, sitting volleyball, swimming, track, field, wheelchair basketball, wheelchair rugby, indoor rowing, powerlifting, and golf as an exhibition.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.kxii.com/prnewswire/2022/08/18/2022-department-defense-warrior-games-athletes-us-army-general-lead-torch-parade-disneys-magic-kingdom-park/ | 2022-08-18T23:59:26Z |
Newly formed entity unveils first World of Open Source 2022 Europe Spotlight Report highlighting opportunities for greater open source public sector and vertical industries participation to achieve sustainability and collective value creation
DUBLIN, Sept. 14, 2022 /PRNewswire/ -- Linux Foundation Europe launches today with a dozen members, the intent to form a disruptive inaugural project, and original research offering new insights into the European dynamics of open source. Headquartered in Brussels, Belgium, Linux Foundation Europe is led by Gabriele Columbro as General Manager. Columbro will continue to serve as the Executive Director of the Fintech Open Source Foundation (FINOS).
Linux Foundation Europe's mission is to accelerate the growth of thriving open collaborative efforts focused on challenges and opportunities of all European constituencies, from individuals to public and private sectors, while providing an on-ramp for European projects and companies to succeed and collaborate on a global scale.
"The Linux Foundation has done a phenomenal job bringing together the private sector and individual contributors on a global scale over the last two decades. As a native-born Italian raised in the thriving European open source community of the early 2000s, I am thrilled to focus our attention on long-standing challenges and opportunities we can help unlock in Europe through open collaboration," said Gabriele Columbro, general manager, Linux Foundation Europe.
Inaugural members of Linux Foundation Europe include at Platinum level: Ericsson; at Gold Level: Accenture; at Silver level: Alliander, Avast, Bosch, BTP, esatus, NXP Semiconductors, RTE, SAP, SUSE, and TomTom; Associate level: Bank of England, OpenForum Europe, OpenUK and RISE Research Institute of Sweden. Participation in Linux Foundation Europe is open to any organization and free for existing Linux Foundation members.
Linux Foundation Europe will enable open collaborative projects to be hosted directly in European territory. Its inaugural project, the Open Wallet Foundation (OWF), just announced yesterday its intent to form. OWF is a new collaborative effort established to develop a digital wallet engine supporting interoperability for a wide range of use cases. The OWF initiative benefits from strong support, including leading companies across technology, public sector, and industry vertical segments.
Linux Foundation Europe's focus for the remainder of 2022 and into 2023 will be increasing global participation by establishing projects among individuals, companies, and organizations committed to open source software, standards, and data innovations that are aligned and have shared missions. LF Europe is designed to enable collaboration by providing the structure for technology collaboration within the unique European model. Reach out if you are interested in hosting a project in Linux Foundation Europe.
"I'm delighted the Linux Foundation is supporting open source collaboration across the European market. Regional collaboration is important, and the Linux Foundation is positioned to help elevate European open source efforts to de facto standards on a global scale," said Jim Zemlin, executive director, Linux Foundation.
While open source collaboration is a global phenomenon impacting industries in all parts of the world, in order to better understand the regional dynamics of open source and European priorities, Linux Foundation Europe partnered with Linux Foundation Research and 13 other European entities, to explore the state of open source from a European perspective, focusing on government, enterprise and non-profit initiatives.
Results of The World of Open Source: 2022 Europe Spotlight research were released today and key insights include:
- Open Source is widely recognized across countries and industries as a prime mechanism to deliver innovation
- The public sector is not leveraging the full power of open source collaboration to create collective value and advance the ambitious vision of the digital commons
- An imbalance between consumption and contribution policies challenges open source ecosystem sustainability
Funded by Linux Foundation Europe, this research was led by LF Research in collaboration with FINOS, LF Training & Certification, and LF Public Health. Additional support was provided by several organizations across the non-profit, for-profit, and academic sectors including Codemotion, Esade, Friedrich Alexander University, Institut de Govern i Polítiques Públiques (IGOP) de la Universitat Autònoma de Barcelona, OpenForum Europe, Sailboard, Scott Logic, TU/Berlin, TU/Eindhoven, TODO Group Europe Chapter, Università di Roma Tre, and the University of Southampton.
About Linux Foundation Europe
The Linux Foundation and Linux Foundation Europe together are supported by more than 3000 members internationally. This expansion highlights the Linux Foundation's commitment towards growing a truly global, diverse and inclusive institution to continue transparently advancing Open Source growth and to facilitate regional—global collaboration. The Linux Foundation is the world's leading home for collaboration on open source software, hardware, standards, and data. Linux Foundation projects are critical to the world's infrastructure including Linux, Kubernetes, Node.js, ONAP, Hyperledger Foundation, PyTorch, RISC-V, and more. Linux Foundation Europe methodology focuses on leveraging best practices and addressing the needs of contributors, users, and solution providers to create sustainable models for open collaboration. For more information, please visit us at linuxfoundation.eu.
Linux Foundation Europe will establish an Advisory Board for its Members to influence direction and priorities in the European region. Get in touch at info@linuxfoundation.eu if you are interested in joining.
Supporting Member Quotes:
"Open Source Software is a fundamental building block of today's telecommunication systems and thereby truly powers critical infrastructure. As a Platinum Member of Linux Foundation Europe, Ericsson is proud to support and foster open innovation in Europe in close collaboration with our customers, partners and the entire Open Source Software development community."
"Open source collaboration impacts all of our clients in every industry and future innovations such as digital wallet architecture requires working together to support portability, interoperability, privacy and security from the start," said David Treat, Global Metaverse Continuum Business Group & Blockchain lead, Accenture. "We're looking forward to collaborating with the expanding open source software community across Europe with the Linux Foundation. Through our founding membership, we will be able to help design and extend these collaborative efforts, innovations and software standards to all of our clients and partners across Europe."
"The energy transition is turning around the energy system at a global level with high ambitions on CO2 reduction. Being a distribution system operator at Alliander we are convinced that the only way to have impact in transforming the energy system is through collaboration. Being active in open source for nearly a decade (and 3 years at Linux Foundation Energy) has proven to Alliander that open source is a vital strategic pillar for reaching our goals," said Arjan Stam, Director, System Operations, Alliander.
"Becoming a founding member of Linux Foundation Europe represents the next step in our commitment to protecting digital freedom and the advancement of open ecosystems. We look forward to continuing to collaborate with other European companies and consortia, helping Europe lead the world on issues like privacy, data protection, digital wallets, and digital trust infrastructure," said Andy Tobin, Commercial Director, Europe for Digital Trust Services, at Avast, a brand of NortonLifeLock.
"Bosch has many years of experience in Open Source, and continuously increases its presence as a major adopter, contributor and supporter to multiple foundations," said Andree Zahir, Senior Vice President Cross-Domain Computing Solutions Business Unit Cockpit Technologies at Bosch. "We are excited to see the Linux Foundation intensifying its European activities, as Bosch clearly sees the potential this region has, to accelerate worldwide collaborative software development."
"Collaboration, decentralization, open standards, and transparency, are fundamental premises of distributed ledger technology (DLT) — the space BTP operates in. Our company has been a leading voice in the open source community as a member of CNCF, Hyperledger Foundation, LF Energy, and most recently FINOS," said Csilla Zsigri, VP Strategy at BTP. "Therefore, we are thrilled to be founding members of LF Europe, and help further accelerate the adoption of distributed ledgers and associated technologies in Europe."
"esatus is proud to be among the inaugural members of Linux Foundation Europe. Collaborative Open Source initiatives enabled by the Linux Foundation are the gold standard for successful, innovative and transparent software solutions. We are extremely pleased that Linux Foundation is now leveraging the Open Source Ecosystem to the particular requirements of the European community, to help achieve—among other goals—digital sovereignty," said Dr. André Kudra, CIO, esatus AG.
"NXP has a long history of collaboration with the Linux Foundation, and many of our customers around the globe rely on the Linux Foundation and its related projects," said Robert Oshana, Vice President of Software Engineering, NXP Semiconductors. "With a strong focus on the unique needs of European markets, the new Linux Foundation Europe will provide our European customers with new resources through open collaboration."
"As a power transmission system operator in France, RTE is committed to accelerating the energy transition. Open source collaborations are essential to this mission, to increase tenfold the innovation, speed, and cost-efficiency of core business software projects. We started investing in open source communities in 2018, notably as a founding member of LF Energy. Today, we are excited to join LF Europe and continue this successful journey," said Lucian Balea, Open Source Program Director at RTE.
"The Linux Foundation has been instrumental in bringing diverse interests, companies, and developer communities together to jointly create open-source software that ultimately empowers our modern civilization. Collaboration and co-innovation across companies is much easier when facilitated with a neutral foundation," says Dr. Michael Ameling, SVP, Head of Intelligent Enterprise and BTP Foundation, SAP SE. "SAP is a long-term supporter and active member of the Linux Foundation and its projects. As Europe's largest software company, SAP is fully committed with its engagement in the Linux Foundation, and supports its international expansion."
"One of our goals at SUSE is to provide the freedom and the ability to innovate everywhere," said Thomas Di Giacomo, chief product and technology officer at SUSE. "We are committed to open source, its power and its ongoing growth throughout the world. That continued growth demands new and stronger collaboration, facilitated by open source foundations that are also able to service projects rooted in Europe. Founded in Europe 30 years ago and now publicly listed there, SUSE is pleased to support the creation and launch of the Linux Foundation Europe."
"At TomTom we are mapmakers, providing geolocation technology for drivers, carmakers, enterprises, and developers. Our business and products rely on open source software. Through our Linux Foundation Europe membership we continue to collaborate on open source software and standards together with our customers, partners and peers," said Eric Bowman, CTO at TomTom.
"The Linux Foundation Europe provides a great opportunity for people and organisations of every type to contribute and benefit from the open source approach. We look forward to contributing to their ongoing work ensuring that everyone benefits from greater open source collaboration," said William Lovell, Head of Future Technology, Bank of England.
"Open Source is at the heart of Europe's collaborative culture and is a fundamental building block of its new digital reality. When looking at the world's big challenges, from the pandemic and supply chain shortages to climate change, open innovation is stepping up and is a source of optimism. The creation of Linux Foundation Europe is an important recognition of Europe as an Open Source champion and brings more weight to the new institutional set-ups that our continent needs. OpenForum Europe is excited to join LF Europe! Together with Europe's Open Source ecosystem, we will create the modes of collaboration at scale that are needed to find solutions to our complex problems," said Sachiko Muto, Chairman, Open Forum Europe.
"Bienvenue a l'Europe, Linux Foundation. OpenUK looks forward to continued collaboration with the Linux Foundation both in the US and the EU. Open Source Software is today under the government spotlight internationally because it is the bedrock for the digital infrastructure we all rely on every day, and it needs effective security, curation and stewardship over time. This translates into sustainable support for the right people, communities and organisations to continue that open source success. We welcome this new partnership aligned to our lead in the global collaborative response, furthering our vision of UK leadership and international collaboration in Open Technology," said Amanda Brock, CEO, OpenUK.
"Open source software allows a more independent and faster digitalization of European industry and society. As a branch of one of the leading open source ecosystems - Linux Foundation Europe will play a vital role here. As Sweden's largest research institute, we look forward to working together with a focus on strengthening the open source community and initiatives in Europe, for both industry and society." Joakim Eriksson, Head of Connected Intelligence Unit at RISE Research Institutes of Sweden.
Media Contacts
Dan Whiting
+1 202-531-9091
dwhiting@linuxfoundation.org
Andi Lustak
+36203677801
andi.lustak@gmail.com
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SOURCE The Linux Foundation | https://www.kxii.com/prnewswire/2022/09/14/linux-foundation-europe-launches-foster-european-open-source-collaboration-innovation/ | 2022-09-14T09:56:44Z |
TOKYO (AP) — Japan’s Prime Minister Fumio Kishida said Wednesday his ruling party will cut ties with the Unification Church following a widening scandal triggered by former leader Shinzo Abe’s assassination last month, and apologized for causing the loss of public trust in politics.
Widespread cozy ties between members of Kishida’s governing Liberal Democratic Party, many of them belonging to Abe’s faction, and the South Korean-born church have surfaced since Abe was shot to death while giving a campaign speech in July.
The suspect, Tetsuya Yamagani, who was arrested at the scene, allegedly told police he killed Abe because of his apparent link to the church. In a letter seen by The Associated Press and social media posts believed to be his, Yamagani said he believed his mother’s large donations to the church had ruined his life.
Some Japanese have expressed understanding, even sympathy, as details of the man’s life emerged, creating deep implications for the political party that has governed Japan virtually uninterrupted since World War II.
While religious groups must abide by law, “politicians are strictly required to be careful about groups with social problems,” Kishida said. Members of his Cabinet and other key posts have agreed to review their past links and cut ties with the church.
“As president of the LDP, I honestly express my apology” for causing the public’s doubts and concerns over the continuing revelations in media reports about the party’s extensive ties to the church, Kishida said.
The Unification Church, which was founded in South Korea in 1954 and came to Japan a decade later, has built close ties with a host of conservative lawmakers over their shared interests of opposing communism. Abe’s grandfather and former Prime Minister Nobusuke Kishi was a key figure who helped the church’s political unit in Tokyo.
Since the 1980s, the church has faced accusations of problematic recruiting, sales of religious items and donations, which often lead to financial strains on the followers’ families and, according to experts, mental health of adherents’ children. The issues led to the government’s decision to cut ties with the church.
Abe sent a video message last year to the Universal Peace Federation, an international group affiliated with the church, which experts say may have motivated the suspect in Abe’s shooting. Abe had praised the federation’s co-founder Hak Ja Han Moon, who is also head of the church, for her effort in promoting traditional family values.
Experts and cult watchers also say that the church has promoted its key agendas such as the opposition to women’s advancement and same-sex marriage to influence policy.
Kishida shuffled his Cabinet earlier in August to purge seven ministers linked to the church. Among them was Abe’s younger brother Nobuo Kishi, who acknowledged that church followers volunteered in his election campaign. Dozens of LDP members have since come forward with their ties to the church and related organizations.
Kishida said at the news conference that he has instructed LDP Secretary General Toshimitsu Motegi to survey the party fully over any other members’ ties to the church. Kishida said he is rushing the effort but it may take time because the review will span decades.
Kishida apologized for the loss of public trust because of the scandal and his lack of explanation for organizing a state funeral for Abe, one of most divisive leaders in Japan’s postwar history.
The state funeral scheduled for Sept. 27 has split public opinion. The only other state funeral in postwar Japan was for former Prime Minister Shigeru Yoshida, who signed the San Francisco Treaty that restored ties with the Allies and ended the U.S. occupation of Japan.
Kishida’s Cabinet last week allocated at least a 250 million yen ($1.8 million) budget to invite about 6,000 guests for the funeral at the Budokan arena in Tokyo.
Kishida insisted that Abe deserved a state funeral because of his achievement in raising Japan’s global profile as its longest-serving postwar leader. He said Japan must respond with courtesy to “outpouring of condolences” from foreign leaders and legislations. | https://cw33.com/news/international/ap-international/ap-japan-pm-apologizes-for-partys-church-links-will-cut-ties/ | 2022-08-31T20:03:19Z |
JERUSALEM (AP) — Israeli forces killed a 17-year-old Palestinian in the occupied West Bank Thursday, Palestinian officials said, as troops operated in the area a day after an attack killed a military officer.
The Palestinian Health Ministry said Odai Salah, 17, was shot in the head, although the exact circumstances behind his death were not immediately clear.
The Israeli military said forces were operating in the hometown of two Palestinian gunmen who killed the Israeli officer in a shootout on Wednesday and were then shot and killed by Israeli soldiers. Troops were preparing the gunmen’s homes for demolition and making arrests in the village of Kufr Dan, near the city of Jenin, a bastion or armed struggle against Israel. Israel says it demolishes the homes of attackers as a way to deter future violence, while critics say the tactic amounts to collective punishment.
Israel has been carrying out nightly arrest raids in West Bank cities, towns and villages since a spate of attacks against Israelis in the spring killed 19 people.
Israeli fire has killed dozens of Palestinians during that time, making it the deadliest year in the occupied territory since 2016.
The Israeli military says the vast majority of those killed were militants or stone-throwers who endangered the soldiers. But several civilians have also been killed during Israel’s monthslong operation, including a veteran journalist and a lawyer who apparently drove unwittingly into a battle zone. Local youths who took to the streets in response to the invasion of their neighborhoods have also been killed.
Israel has rounded up scores of Palestinians, holding many without trial or charge in what’s known as administrative detention. Israel says it uses administrative detention to thwart attacks and to hold dangerous militants without revealing sensitive intelligence. Palestinians and rights groups say the system denies due process, with some detainees held for months or years without seeing the evidence against them.
Israel says the arrest raids are meant to dismantle militant networks and prevent future attacks. The Palestinians say the operations are aimed at maintaining Israel’s 55-year military occupation of territories they want for an independent state.
Israel captured the West Bank, along with east Jerusalem and the Gaza Strip, in the 1967 Mideast war and the Palestinians seek those territories for a future state. | https://cw33.com/news/international/ap-international/ap-palestinians-israeli-troops-kill-teen-in-west-bank-raid/ | 2022-09-15T15:04:16Z |
With extensive experience and industry knowledge, Ashton will help leverage new opportunities for Holmes Murphy and its clients, providing an important value-add for all.
WAUKEE, Iowa, Aug. 2, 2022 /PRNewswire/ -- Holmes Murphy announced today the hiring of Dave Ashton as its Chief Information Officer. A versatile IT leader with a plethora of experience, Ashton joins Holmes Murphy to execute and deliver results-oriented, client-focused business initiatives.
Prior to joining Holmes Murphy, Ashton was the CEO of Principal Trust Company for Principal Hong Kong, where he managed the overall leadership of the Principal Hong Kong group of companies, providing retirement and long-term savings solutions. Prior to that, Ashton was the Vice President and Chief Information Officer for Principal International.
"Dave is a strong collaborator and communicator with a passion for driving growth by leveraging modern technology and client insights," said Dan Keough, Chairman and CEO of Holmes Murphy. "Dave's vast amount of experience will help change the trajectory of our company, and we are delighted to have him join the team."
In this new role, Ashton will be responsible for leading the IT team to implement and support technology that will help Holmes Murphy provide industry-leading client service in a cost-effective way. He'll also be a key member of the Holmes Murphy Enterprise Services Leadership Team and help identify opportunities to leverage technology not traditionally used in the insurance industry with the potential to change the trajectory of Holmes Murphy through efficient, value-add client solutions.
Ashton will be collaborating directly with business leaders, enterprise service leaders, and the company's Executive Committee to identify and execute on priorities. As Holmes Murphy continues to attract top talent, the company is excited to see the impact Ashton will have on its IT department and clients.
"Caring for Your Unique Potential is Our Soul Purpose." That statement is the core of how we do business. We ask the tough questions, avoid the easy path, believe fully in caring for the unique challenges of our clients, impact the industry through innovation, and leverage our greatest assets — the hearts and minds of our people — to advocate on behalf of our clients. That's our approach to risk management and benefits consulting, and it's worked for us since our inception in 1932. As an independent brokerage, we serve clients in every industry and of almost every size, with the ultimate goal of providing exceptional service and caring for our clients' unique potential. We are also the co-founder and co-owner of BrokerTech Ventures, the industry's first broker-led convening platform and accelerator. For more information, visit www.holmesmurphy.com. You can also follow us on Twitter.com (@holmesmurphyins) or on Facebook, LinkedIn, or Instagram.
Contact: Katie Burns
224-388-6445
kburns@ls2group.com
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SOURCE Holmes Murphy | https://www.kxii.com/prnewswire/2022/08/02/holmes-murphy-welcomes-dave-ashton-chief-information-officer/ | 2022-08-02T13:22:40Z |
PHILADELPHIA and NEW YORK, Aug. 8, 2022 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK), today announced its financial and operating results for the quarter ended June 30, 2022, that its board of directors has declared a total third quarter 2022 distribution totaling $0.67 per share, and that the Company has increased its base distribution to $0.61 per share.
Financial and Operating Highlights for the Quarter Ended June 30, 2022(1)
- Net investment income of $0.71 per share, compared to $0.77 per share for the quarter ended March 31, 2022
- Net asset value of $26.41 per share, compared to $27.33 per share as of March 31, 2022
- Total net realized and unrealized loss of $0.96 per share, compared to a total net realized and unrealized gain of $0.02 per share for the quarter ended March 31, 2022
- Total purchases of $804 million versus $906 million of sales and repayments, including $87 million of sales to its joint venture Credit Opportunities Partners JV, LLC
- Net debt to equity ratio(3) as of June 30, 2022 was 115%, compared to 112% as of March 31, 2022
- Paid cash distributions to stockholders totaling $0.68 per share(4)
"FSK delivered another strong quarter of results as our adjusted net investment income per share of $0.67 exceeded our public guidance of $0.65 per share," said Michael C. Forman, Chief Executive Officer & Chairman. "As we look toward the second half of the year, we expect the Federal Reserve's recent interest rate increases will have a positive effect on our net investment income as approximately 87% of our debt investments are floating rate structures. As a result, we are pleased to announce a total quarterly distribution of $0.67 per share, which includes an increased quarterly base distribution of $0.61 per share."
Declaration of Distribution for Third Quarter 2022
FSK's board of directors has declared a total cash distribution for the third quarter of $0.67 per share, consisting of a base distribution of $0.61 per share and a supplemental distribution of $0.06 per share, which will be paid on or about October 4, 2022 to stockholders of record as of the close of business on September 14, 2022.
Portfolio Highlights as of June 30, 2022
- Total fair value of investments was $16.2 billion of which 71% was invested in senior secured securities.
- Weighted average annual yield on accruing debt investments(5) was 9.9%, compared to 8.9% as of March 31, 2022. Excluding the impact of merger accounting, weighted average annual yield on accruing debt investments was 9.2%, compared to 8.3% as of March 31, 2022.
- Weighted average annual yield on all debt investments(5) was 9.3%, compared to 8.6% as of March 31, 2022. Excluding the impact of merger accounting, weighted average annual yield on all debt investments was 8.6%, compared to 7.9% as of March 31, 2022.
- Exposure to the top ten largest portfolio companies by fair value was 18% as of June 30, 2022, compared to 19% as of March 31, 2022.
- As of June 30, 2022, investments on non-accrual status represented 2.9% and 4.9% of the total investment portfolio at fair value and amortized cost, respectively, compared to 1.5% and 3.2% as of March 31, 2022.
Leverage and Liquidity as of June 30, 2022
- Net debt to equity ratio(3) of 115%, based on $9.3 billion in total debt outstanding, $269 million of cash and foreign currency and $471 million of net receivable for investments sold and repaid and stockholders' equity of $7.5 billion. FSK's weighted average effective interest rate (including the effect of non-usage fees) was 3.51%.
- Cash and foreign currency of $269 million and availability under its financing arrangements of $1,943 million, subject to borrowing base and other limitations.
- As of June 30, 2022, 51% of the Company's approximately $9,347 million of total debt outstanding was in unsecured debt and 49% in secured debt.
Conference Call Information
FSK will host a conference call at 9:00 a.m. (Eastern Time) on Tuesday, August 9, 2022, to discuss its second quarter 2022 financial and operating results. All interested parties are welcome to participate and can access the live conference call by registering using the following URL: https://register.vevent.com/register/BI72c21ea0081d43abb9bc8915eb1eb80a. Participants are requested to register a day in advance or at a minimum 15 minutes before the start of the call. Once registered, they will receive the dial-in numbers and their unique PIN number. When they dial in, they will input their PIN and be placed into the call. The conference call will also be webcast, which can be accessed from the Investor Relations section of FSK's website at www.fskkradvisor.com under Events.
A replay of the call will be available shortly after the end of the call by visiting the Investor Relations section of FSK's website under Events or by using the following URL: https://edge.media-server.com/mmc/p/izvj43qh.
Supplemental Information
An investor presentation containing financial and operating information will be made available prior to the call in the Investor Relations section of FSK's website at www.fskkradvisor.com under Earnings presentations.
About FS KKR Capital Corp.
FSK is a leading publicly traded business development company (BDC) focused on providing customized credit solutions to private middle market U.S. companies. FSK seeks to invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market companies. FSK is advised by FS/KKR Advisor, LLC. For more information, please visit www.fskkradvisor.com.
About FS/KKR Advisor, LLC
FS/KKR Advisor, LLC (FS/KKR) is a partnership between FS Investments and KKR Credit that serves as the investment adviser to FSK.
FS Investments is a leading asset manager dedicated to helping individuals, financial professionals and institutions design better portfolios. The firm provides access to alternative sources of income and growth, and focuses on setting industry standards for investor protection, education and transparency. FS Investments is headquartered in Philadelphia, PA with offices in New York, NY, Orlando, FL and Leawood, KS. Visit www.fsinvestments.com to learn more.
KKR Credit is a subsidiary of KKR & Co. Inc., a leading global investment firm that manages multiple alternative asset classes, including private equity, credit and real assets, with strategic manager partnerships that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR's investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com and on Twitter @KKR_Co.
Forward-Looking Statements and Important Disclosure Notice
This announcement may contain certain forward-looking statements, including statements with regard to future events or future performance or operations of FSK. Words such as "believes," "expects," "projects," and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements. Factors that could cause actual results to differ materially include changes in the economy, risks associated with possible disruption in FSK's operations or the economy generally due to terrorism, geo-political risks, natural disasters or pandemics such as COVID-19, future changes in laws or regulations and conditions in FSK's operating area and the price at which shares of FSK's common stock trade on the New York Stock Exchange. Some of these factors are enumerated in the filings FSK makes with the SEC. FSK undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The press release above contains summaries of certain financial and statistical information about FSK. The information contained in this press release is summary information that is intended to be considered in the context of FSK's SEC filings and other public announcements that FSK may make, by press release or otherwise, from time to time. FSK undertakes no duty or obligation to update or revise the information contained in this press release. In addition, information related to past performance, while helpful as an evaluative tool, is not necessarily indicative of future results, the achievement of which cannot be assured. Investors should not view the past performance of FSK, or information about the market, as indicative of FSK's future results.
Other Information
The information in this press release is summary information only and should be read in conjunction with FSK's quarterly report on Form 10-Q for the quarter ended June 30, 2022, which FSK filed with the U.S. Securities and Exchange Commission (the SEC) on August 8, 2022, as well as FSK's other reports filed with the SEC. A copy of FSK's quarterly report on Form 10-Q for the quarter ended June 30, 2022 and FSK's other reports filed with the SEC can be found on FSK's website at www.fskkradvisor.com and the SEC's website at www.sec.gov.
Certain Information About Distributions
The determination of the tax attributes of FSK's distributions is made annually as of the end of its fiscal year based upon its taxable income and distributions paid, in each case, for the full year. Therefore, a determination as to the tax attributes of the distributions made on a quarterly basis may not be representative of the actual tax attributes for a full year. FSK intends to update stockholders quarterly with an estimated percentage of its distributions that resulted from taxable ordinary income. The actual tax characteristics of distributions to stockholders will be reported to stockholders annually on Form 1099-DIV.
The timing and amount of any future distributions on FSK's shares of common stock are subject to applicable legal restrictions and the sole discretion of its board of directors. There can be no assurance as to the amount or timing of any such future distributions.
FSK may fund its cash distributions to stockholders from any sources of funds legally available to it, including net investment income from operations, capital gains proceeds from the sale of assets, non-capital gains proceeds from the sale of assets, dividends or other distributions paid to it on account of preferred and common equity investments in portfolio companies, proceeds from the sale of shares of FSK's common stock and borrowings. FSK has not established limits on the amount of funds it may use from available sources to make distributions. There can be no assurance that FSK will be able to pay distributions at a specific rate or at all.
Contact Information:
Investor Relations Contact
Robert Paun
Robert.Paun@fsinvestments.com
FS Investments Media Team
Melanie Hemmert
Melanie.Hemmert@fsinvestments.com
Non-GAAP Financial Measures
This press release contains certain financial measures that have not been prepared in accordance with generally accepted accounting principles in the United States (GAAP). FSK uses these non-GAAP financial measures internally in analyzing financial results and believes that the use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing results and trends and in comparing FSK's financial results with other BDCs.
Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures, and should be read only in conjunction with FSK's consolidated financial statements prepared in accordance with GAAP. A reconciliation of non-GAAP financial measures to the most directly comparable GAAP measures has been provided in this press release, and investors are encouraged to review the reconciliation.
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SOURCE FS KKR Capital Corp. | https://www.mysuncoast.com/prnewswire/2022/08/08/fs-kkr-capital-corp-announces-second-quarter-2022-results-declares-total-third-quarter-2022-distribution-067-per-share-increases-base-distribution-061-per-share/ | 2022-08-08T20:55:24Z |
The Female-Founded Biotech Startup Seeks to Address the Gender Health Gap by Championing Inclusive Scientific & Medical Research
NEW YORK, June 10, 2022 /PRNewswire/ -- Evvy - the female-founded biotech startup demystifying the female body starting with the vaginal microbiome, is proud to launch the first annual Equal Research Day today, June 10th.
June 10th is the 29th anniversary of the passing of the 1993 National Institutes of Health (NIH) Revitalization Act, the first law requiring women to be included in U.S. clinical research. Equal Research Day commemorates this historic moment, while also recognizing how far we still have to go to close the gender health gap.
On average, women are diagnosed 4 years later than men across hundreds of diseases, are more likely to die from heart attacks, react poorly to prescription drugs, and have pain and symptoms dismissed by doctors. Through Equal Research Day, Evvy aims to raise awareness of how excluding female-bodied people in scientific and medical research for centuries has manifested in today's persistent gender health gap.
"The female body shouldn't be a medical mystery," said Priyanka Jain, CEO and Co-founder of Evvy. "We started Evvy to demystify the female body through comprehensive data, which we believe is a critical part of closing the gender health gap. We're excited to be starting Equal Research Day this year to champion the work that has been done so far, shed light on the persistent gaps, and celebrate those working to fix it."
"I joined Evvy to pioneer a better standard of care for women while also growing a brand that is empowering women to better understand their own bodies," said Dr. Kelle Moley, Obstetrician Gynecologist, physician, scientist and Evvy Advisor. "Equal Research Day is an initiative we are so proud to cement and is one that we hope will be a catalyst to rectify the historical exclusion of women in studies."
In addition to raising awareness, Evvy seeks to inspire everyone to take action to close the gender health gap, specifically where women are:
- Underfunded by donating to its Equal Research Day partner the Society for Women's Health Research, a nonprofit dedicated to promoting research on biological sex differences in disease;
- Underresearched by discovering female-focused clinical trials and consider volunteering for one;
- Underdiagnosed by learning more about how the relative lack of research on the female body manifests in healthcare disparities today;
- Undervalued by creating a virtual community via the #EqualResearchDay hashtag and resharing the day's manifesto;
- Unequal by encouraging people to share their stories of inequality in the healthcare system via #EqualResearchDay across social platforms to show other women that they are not alone.
In addition to collecting donations on behalf of the Society for Women's Health Research, Evvy will also be selling an exclusive collection of merchandise (totes, hats, and stickers) to benefit the nonprofit.
"Without equal research, there can never be equal care." said Laine Bruzek, Evvy Chief Marketing Officer and Co-Founder. "We hope Equal Research Day will be a rallying call for doctors, researchers, policymakers, and the wider community to work together to build a world where female health is finally understood and where medical bias has no place."
For more information and to shop the Equal Research Day collection benefiting the Society for Women's Health Research, visit EqualResearchDay.com
Evvy is on a mission to radically reinvent how we understand and treat the female body, starting with the vaginal microbiome. Evvy's first product — the Evvy Vaginal Health Test — is the first-ever at-home vaginal microbiome test to use metagenomic sequencing to tell you what's up down there, why it matters, and what you can do about it.
Founded by Stanford alums Priyanka Jain and Laine Bruzek, the Evvy team includes scientists, designers, doctors, and entrepreneurs, including a group of leading OBGYNs and vaginal microbiome researchers with decades of experience at organizations like UCSF, Stanford, Harvard, Cleveland Clinic, and more.
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SOURCE Evvy | https://www.mysuncoast.com/prnewswire/2022/06/10/evvy-launches-first-inaugural-equal-research-day/ | 2022-06-10T14:38:16Z |
PITTSBURGH, June 29, 2022 /PRNewswire/ -- "We wanted to create a way to prevent airborne germs and viruses from contacting the eyes, nose and mouth," said one of two inventors, from Dallas, Texas, "so we invented the STAY- IN- PLACE. Our design would offer added safety and comfort during the current pandemic."
The invention provides an improved accessory to protect the eyes, nose and mouth against airborne viruses. In doing so, it offers an alternative to traditional face masks. As a result, it enhances safety and comfort and it provides added protection and peace of mind. The invention features an effective design that is easy to wear so it is ideal for the general population. Additionally, it is producible in design variations.
The original design was submitted to the Dallas sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-DAL-168, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com.
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SOURCE InventHelp | https://www.wibw.com/prnewswire/2022/06/29/inventhelp-inventors-develop-protective-accessory-face-dal-168/ | 2022-06-29T18:11:32Z |
Democratic lawmaker: Biden suggests he’ll ease student loan burden
WASHINGTON (AP) — President Joe Biden has signaled he might forgive some student loan debt and further extend the federal moratorium on repayments, a lawmaker who discussed the issue with him said Wednesday.
The White House was notably more measured about Biden’s stance, but such moves would be a boon to many of the 43 million Americans carrying student loans worth $1.6 trillion, according to federal figures. It would also be a win for Democratic and progressive leaders who have long pressed Biden to carry through on a 2020 campaign promise that as president he would “immediately” cancel up to $10,000 in debt per student.
Biden’s remarks came during a wide-ranging Monday meeting at the White House with seven members of the Congressional Hispanic Caucus, according to Rep. Tony Cardenas, D-Calif., who was among them. He said in an interview Wednesday that he asked Biden to extend the moratorium on debt payments through this year, instead of letting it expire Aug. 31.
“He immediately smiled and said, “I’ve extended in the past, and you’re going to like what I do next,’” Cardenas said. “So I said, ‘Okay, wonderful. Next question.’”
Cardenas said he then asked about forgiving at least $10,000 in debt for each student, which he said the caucus believes Biden can do using executive powers. That would preclude the need for legislation from Congress, where there is Republican opposition.
“He said, ‘Yes, I’m exploring doing something on that front,’” said Cardenas. “And he also smiled and said, ‘You’re going to like what I do on that as well.’”
Senate Majority Leader Chuck Schumer, D-N.Y., sounded a similar note of optimism Wednesday. “I think the president is moving in our direction. My talks with him and his staff have been very fruitful over the last little while,” Schumer said.
White House press secretary Jen Psaki said Tuesday that during the meeting, “what he reiterated is that he will make a decision before” the current repayment suspension ends Aug. 31. She said Biden “is looking at other executive authority options he has to bring relief to people who have student loans.”
Sweeping student loan forgiveness is anathema for many Republicans and others concerned about its costs to the government at a time of huge federal deficits.
“Desperate polls call for desperate measures: Dems consider forgiving trillions in student loans,” Sen. Mitt Romney, R-Utah, tweeted mockingly Wednesday. “Other bribe suggestions: Forgive auto loans? Forgive credit card debt? Forgive mortgages? And put a wealth tax on the super-rich to pay for it all. What could possibly go wrong?”
Cardenas said Biden didn’t specify when he would take action or detail what he would do, beyond saying, “Soon.”
“I got the strong feeling, and so did my colleagues, that he enjoyed answering those questions with his body language, with his words, with the smile on his face, and encouraging us that we’re going to like what he’s going to do,” Cardenas said.
Cardenas said the question of whether debt forgiveness should be curbed for higher-income students, which could curb the costs of the proposal, did not come up during the White House meeting. He also said when Biden asked if forgiveness should apply to borrowers who attended private and public schools, he and other lawmakers said they wanted students from both types of institutions to be eligible.
Some Democrats fear providing loan relief to students who attended expensive private universities would provide an easy campaign target for Republicans in this fall’s elections for control of Congress.
Even so, remarks by several Democrats suggest a broad effort to ease student debt could help the party with minority voters.
Cardenas said he told Biden that Hispanic students with college debt typically face higher long-term debt burdens than white students. “We’re trying to help all former students, but Hispanic households and people trying to get back on their feet, it’s affecting Hispanics at a higher level,” Cardenas said.
Rep. Raul Ruiz, D-Calif., chair of the caucus, said in a separate statement Wednesday that Hispanic students “disproportionately carry the burden of student debt in our nation.” He said the caucus would continue working with Biden “to make sure our students have a seat at the table when it comes to their financial health and well-being.”
Schumer sounded the same theme, saying that Black, Hispanic and other minority voters tend to carry more debt deeper into their lives. “This isn’t just the right thing to do for our economy. It’s the right thing to do for racial equity,” he said.
The pandemic prompted then-President Donald Trump and Congress to begin providing student loan relief in March 2020.
After initially letting borrowers choose to suspend payments for at least 60 days, the moratorium was made automatic and eventually extended several times by Trump and later Biden. Interest rates during the suspension have been 0%.
Also at Monday’s White House meeting, Rep. Nanette Barragan, D-Calif., said she told Biden he should let Trump-era restrictions letting authorities quickly expel migrants crossing from the Mexican border expire as planned on May 23. Other participants at that meeting said Biden expressed opposition to the restrictions but did not specifically say what he would do.
Many Democrats oppose those curbs, which let the government cite fears about spreading COVID-19 to reject asylum seekers. Republicans and significant numbers of Democrats want the procedures left in place, and letting them lapse is seen as a political vulnerability for Democrats among moderate voters.
___
AP reporters Kevin Freking and Chris Megerian contributed.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/04/27/democratic-lawmaker-biden-suggests-hell-ease-student-loan-burden/ | 2022-04-27T20:49:30Z |
The iCR8™ Bootcamp is uplifting the next generation of diverse marketing and media professionals while addressing industry disparities
CHICAGO, June 6, 2022 /PRNewswire/ -- McDonald's® USA has teamed up with the Marcus Graham Project (MGP), a 15-year-old nonprofit dedicated to diversifying the talent pipeline in the marketing and media industry, to host its summer 2022 iCR8™ Bootcamp. Beginning this month, MGP and McDonald's will welcome 12 future marketers to work as an integrated team to impact real-life marketing campaigns for McDonald's. Participants will receive training, mentorship, and coveted internship opportunities from two of McDonald's marketing and PR agencies to help strengthen their pursuit of careers in the fields of marketing and media, including advertising, PR, and social media.
According to the American Association of Advertising Agencies, Black professionals comprise just 5.8% percent of the total make-up of the marketing industry in the U.S. Comparatively, 8.68% of the industry identify as Hispanic, 10.7% as Asian American and 4.23% as other. Of the less than 6% who identify as Black (or African American), 68% are admin or entry-level and 43.5% are non-management professionals. This disparity underscores the need for more inclusivity and diverse talent across the marketing industry.
Hosted in Los Angeles, California for the second time, the Bootcamp is designed to help accelerate opportunities for passionate emerging leaders of color to grow and learn no matter where they are at on their career journey, either as recent college graduates or as more experienced individuals who are looking to make a transition into the marketing and media industry.
"The longstanding drastic underrepresentation of Black professionals in the marketing industry underscores the importance of training programs like our iCR8™ Bootcamp," said Lincoln Stephens, Co-Founder and Chairman of the Marcus Graham Project. "As we celebrate our 15 year anniversary, we are crystal clear about how lives and career paths can drastically change when immersed in real-world learning. This is why we are honored to work with McDonald's to provide Bootcamp participants with invaluable insider knowledge and experience they can use in careers in marketing and media."
For the Marcus Graham Project, the McDonald's partnership marks the first time the non-profit has worked with a quick-service restaurant organization. Throughout the 11-week iCR8™ Bootcamp immersive experience, participants will operate as a pop-up-agency delivering tangible marketing and communications outputs to McDonald's. Bootcamp participants will also have direct access to McDonald's senior executives and partner agency staff who will provide guidance and mentorship as they work through the process of developing a marketing campaign and bringing it to life. Along the way, participants will collaborate with various internal and external stakeholders to help inform each step of the creative process.
"What's exciting about our collaboration with the Marcus Graham Project is that we're giving these enthusiastic, future industry leaders tangible tools and resources from some of the best in the business, to enable a direct path to the marketing industry," said Heather Woodard, Director, Cultural & Community Communications at McDonald's. "We couldn't be prouder to partner with MGP, knowing and valuing the importance of having Black and Brown talent in rooms and at tables where decisions are being made to ensure historically underrepresented groups are represented and celebrated authentically and respectfully."
To close out the program, McDonald's will host the participants at its corporate headquarters in Chicago, where the cohort will present their work to executives, tour MHQ and Hamburger University, enjoy menu items from the Global Restaurant and test kitchen, and network with staff. Participants will also have the opportunity to interview for a select number of internships and entry-level roles with McDonald's agency partners, The Golin Group, as well as Wieden + Kennedy, a long standing supporter of MGP, to provide them with access and opportunity for the next phase of their career journey.
The partnership with the Marcus Graham Project is just one of the ways McDonald's is creating opportunities for advancement in diverse communities, underscoring the brand's commitment to feeding and fostering the communities it serves – which also includes scholarships for HBCU Students, education and mental health resources for Asian American students, and 30+ years of scholarships for Hispanic students, among many other initiatives centered around educational opportunity and financial equity.
For more on McDonald's support of diverse communities visit the global website or read more about the company's Mutual Commitment to Diversity, Equity and Inclusion (MCDEI) pledge.
For more about the Marcus Graham Project and the iCR8™ Bootcamp, visit marcusgrahamproject.org.
About McDonald's USA
McDonald's USA, LLC, serves a variety of menu options made with quality ingredients to millions of customers every day. Ninety-five percent of McDonald's approximately 13,500 U.S. restaurants are owned and operated by independent business owners. For more information, visit www.mcdonalds.com, or follow us on Twitter @McDonalds and on Facebook at www.facebook.com/mcdonalds.
About Marcus Graham Project
Founded nearly 15 years ago, Marcus Graham Project is a national organization focused on developing the next generation of diverse leaders in the advertising, media, and marketing industries through training, mentorship, and professional development opportunities to ensure the industry is more inclusive to better reflect the diverse world we live in.
Ti'Ara Brown
Tiara.brown@us.mcd.com
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SOURCE McDonald's USA, LLC | https://www.mysuncoast.com/prnewswire/2022/06/06/mcdonalds-usa-teams-up-with-marcus-graham-project-provide-real-world-learning-opportunities-aspiring-marketing-professionals-color/ | 2022-06-06T18:47:32Z |
Nearly 2 years after masks were required for US travelers, abrupt end of Covid-19 mandate prompts passenger excitement and confusion
By Elizabeth Wolfe and Travis Caldwell, CNN
Scenes ranging from excitement to confusion played out Monday across America’s airports after a federal judge struck down the Biden administration’s mask mandate for public transportation.
Some passengers learned of the Florida judge’s decision on the rule aimed at mitigating the Covid-19 threat just moments before takeoff, as flight attendants announced that for the first time in nearly two years, masks were optional.
Southwest passenger Pam Eason captured video of the moment a crew member told a plane full of passengers that Southwest had dropped its mask requirement. In the video, passengers can be heard clapping and cheering, and one says, “Yay, no more masks!”
“What an amazing relief!” Eason told CNN of her reaction the news. “Praise God, we’ve all done our part to get where we’re at.”
On a Sun Country Airlines flight from Las Vegas to Minneapolis-St. Paul, a flight attendant went down the aisle holding a trash bag for passengers to throw their masks away.
The judge’s decision comes after nearly two years of mask requirements for US travelers — first enforced by major airlines in spring of 2020 and later federally mandated in February 2021 for airplanes and other public transport methods.
The Transportation Security Administration confirmed Monday it would no longer enforce the mandate, and a planned extension set to take effect Tuesday will also be rescinded.
Still, some airport travelers plan to keep wearing masks, even without a federal mandate or airline rules, they told CNN. The US Centers for Disease Control and Prevention continues to recommend mask wearing for passengers using indoor public means of transportation.
“I’ll always wear my mask,” Davida Wright said at the Hollywood Burbank Airport in California. “I lost my grandmother to Covid a year ago, and so I’m very particular about the masks. So, I’m going to continue to wear them no matter what the mandates are.
“I’m protecting myself by wearing my mask,” she said, adding that her young daughter would continue masking, too.
Some said they would consider circumstances when deciding whether to mask, including factors such as crowd size or whether they know people are vaccinated.
“I felt much more comfortable keeping (my mask) on most of the time,” Jason Alexander said while preparing to board a flight at New York City’s LaGuardia Airport, describing how he felt seeing others maskless. “Certainly, in areas where there’s a lot of people, I’m not comfortable yet with people not having masks.”
Airlines announce optional mask wearing
Before airlines individually announced whether they would continue requiring masking without a federal mandate, there was some confusion among passengers and airline staff.
When Delta passenger Elizabeth Nesmith boarded her flight Monday, an airline employee told her she needed to wear her mask because they hadn’t received any updates from Delta, she said. But shortly afterward, a flight attendant announced Delta had made mask wearing optional.
American Airlines, United Airlines, Southwest Airlines, Alaska Airlines, Jet Blue and Spirit also said they would drop mask requirements.
Some airlines also asked passengers to be considerate of others’ choice whether to wear a mask.
“While we are glad this means many of us get to see your smiling faces, we understand some might have mixed feelings,” Alaska Airlines posted on its website. “Please remember to be kind to one another and that wearing a mask while traveling is still an option.”
Alaska Airlines also noted some passengers who were banned from the airline when the mask policy was in place will continue to be prohibited from its aircraft.
The Association of Flight Attendants asked “everyone to practice patience, remain calm, and to continue to follow crewmember instructions” as adjustments to the regulations move forward, the association said Monday in a statement.
Travelers uncomfortable with the changes can still mitigate risks of infection, said Dr. Leana Wen, professor of health policy and management at the George Washington University Milken Institute School of Public Health.
“People should remember that just because you’re not required by the government to wear a mask, that doesn’t mean you shouldn’t wear a mask. I’m definitely going to be masking when I go to planes, on trains, in airports,” she told CNN.
“Make sure if you’re masking, wear an N95 or equivalent mask because you have to protect yourself,” Wen said. “Masking works very well even if others around you aren’t masking.”
Some agencies keep mask requirements
While the mandate has fallen on a federal level — and some transportation services such as Amtrak announced mask wearing would be optional — other agencies are still following the CDC’s guidance and keeping mask requirements active.
New Jersey Transit and the New York Metropolitan Transportation Authority are among those that announced Monday they will continue to require masks onboard for passengers during travel. Additionally, Portland’s TriMet, Seattle’s King County Metro and the Chicago Transit Authority said they will keep their masking policies for now.
In Atlanta, city transit system MARTA will no longer require riders or employees to wear masks. SEPTA in Philadelphia and CapMetro in Austin, Texas, also announced they would lift their masking requirements but noted the CDC still recommends passengers wear masks.
The push-and-pull of different agencies and cities rescinding or even reinstituting mask mandates will be “a little confusing” at times, Dr. Paul Offit, director of the Vaccine Education Center at Children’s Hospital of Philadelphia, said Monday.
Philadelphia, for instance, began enforcing mask wearing Monday for many indoor venues and restaurants as local Covid-19 infection rates rise, particularly affecting crowds attending NBA playoff games.
“On Saturday, the Philadelphia 76ers hosted the Toronto Raptors and there were 20,000 people in the stands who didn’t wear a mask. Tonight when they host them, there’s going to be 20,000 people in the stands who by definition are going to have to wear a mask,” Offit told CNN’s Wolf Blitzer.
Although cases there are rising, since a vast majority of Americans have some form of protection through prior infection or vaccination, “the odds are, that’s not going to precede an increase in hospitalizations and intensive care unit admissions and deaths, we’ll see,” he said. “I think that’s where we are right now in this pandemic.”
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CNN’s Paul Vercammen, Liam Reilly, Ken Borland, Amanda Jackson, David Williams, Tierney Sneed, Pete Muntean, David Shortell, Taylor Romine, Artemis Moshtaghian, Gregory Wallace and Dave Alsup contributed to this report. | https://localnews8.com/entertainment/cnn-style/2022/04/19/nearly-2-years-after-masks-were-required-for-us-travelers-its-abrupt-end-prompts-excitement-and-confusion-among-passengers-4/ | 2022-04-19T12:02:42Z |
Travel Insurance and Assistance Provider to Exhibit at its First GBTA Conference
RICHMOND, Va., Aug. 12, 2022 /PRNewswire/ -- Allianz Partners USA, a leader in travel insurance and travel assistance, will exhibit at the Global Business Travel Association convention scheduled for August 14 to 17 in San Diego. This is Allianz Partners' first time exhibiting at the annual conference, which is expected to draw thousands of travel industry professionals at its 53rd iteration. The company is attending the event to provide information to attendees on travel protection products that offer travel brands increased customer satisfaction and brand loyalty as well as significant opportunities for ancillary revenue.
Travel protection has become increasingly important to both businesses and their traveling employees as the COVID pandemic has increased attention on the corporate duty of care for travelers as well as the increased trend in "bleisure" travel. A 2021 survey of business travelers and travel managers found that almost a third of business travelers (31 percent) would ask to limit travel if their company does not implement policies or measures to help protect their health and safety and 89 percent say they will add personal vacation time to their business trips over the next 12 months.
Travel protection products* from Allianz Partners can provide protection against financial losses that result from trips that are canceled or interrupted due to a reason covered by the policy, as well as provide coverage for medical emergencies while on your trip. Allianz's 24/7 travel assistance team can help with almost any travel-related problem, including health and safety issues. The company's medical assistance team can help arrange emergency medical transportation if deemed necessary, consult with a traveler's treating medical professional to make sure the patient receives appropriate care, relay updates to family members and more.
"We're thrilled to be exhibiting at the 2022 Global Business Travel Association's annual convention," said Richard Aquino, Vice President and Head of Sales at Allianz Partners USA. "Since the pandemic began in 2020, travel protection has risen to the top of traveler checklists. We look forward to meeting with industry professionals who want to learn more about how we can protect business travelers' trips."
Allianz Partners offers a number of different products to match the needs of travelers, including per trip and annual insurance products. Some products include coverage for rental car damage or theft.
Allianz Partners is located at booth 2050, directly across from the SkyTeam + Delta Partners booth.
About Allianz Partners: In the United States, Allianz Partners USA (AGA Service Company) offers Allianz Travel-branded travel protection plans and serves millions of customers each year. In addition to travel protection, the company offers event ticket protection, registration protection for endurance events and unique travel assistance services such as international medical assistance and concierge services. AGA Service Company is doing business as Allianz Global Assistance Insurance Agency in California (License # 0B01400) and Massachusetts. Allianz Partners USA is part of the Allianz Partners group. Allianz Partners is a world leader in B2B2C insurance and assistance, offering global solutions that span international health and life, travel insurance, mobility and assistance. Customer driven, our innovative experts are redefining insurance services by delivering future-ready, high-tech, high-touch products and solutions that go beyond traditional insurance. Present in over 75 countries, our 19,400 employees speak 70 languages, handle over 58 million cases each year, and are motivated to go the extra mile to offer peace of mind to our customers around the world.
Terms, conditions, and exclusions apply to all plans. Plans are available only to U.S. residents. Not all plans are available in all jurisdictions. Products may not include all benefits or covered reasons described here. Benefits, coverage, exclusions, and limits vary by plan and by state. All benefits are subject to maximum limits of liability, which may in some cases be subject to sublimits and daily maximums. Rental Car Damage Protector does not provide coverage for vehicles driven in Jamaica; other location-based restrictions may apply, see your plan for details. Rental Car Damage Protector provides benefits that may cover loss, damage or theft to the insured's rental car, subject to the plan's terms, conditions and exclusions. It does not provide bodily injury or property damage liability coverage or comply with any financial responsibility laws or laws mandating motor vehicle coverage. Rental Car Damage and Theft Coverage, when purchased as part of an annual plan, is not available to KS, TX, and NY residents. For WA residents, Rental Car Damage and Theft Coverage may not be available in all plans. For a complete description of the coverage and benefit limits offered under your specific plan, carefully review your plan's Letter of Confirmation/Declarations and Certificate of Insurance/Policy. Insurance coverage is underwritten by BCS Insurance Company (OH, Administrative Office: Oakbrook Terrace, IL), rated "A" (Excellent) by A.M. Best Co., under BCS Form No. 52.201 series or 52.401 series, or Jefferson Insurance Company (NY, Administrative Office: Richmond, VA), rated "A+" (Superior) by A.M. Best Co., under Jefferson Form No. 101‐C series or 101‐P series, depending on state of residence. A+ (Superior) and A (Excellent) are the 2nd and 3rd highest, respectively, of A.M. Best's 13 Financial Strength Ratings. Except as otherwise specified, AGA Service Company d/b/a Allianz Global Assistance is the licensed producer and administrator of Allianz Travel-branded travel protection plans in the U.S. and an affiliate of Jefferson Insurance Company. Allianz Global Assistance and Allianz Partners are marks of AGA Service Company or its affiliates. The insured shall not receive any special benefit or advantage due to the affiliation between Allianz Global Assistance and Jefferson Insurance Company. Plans include insurance and assistance services. Noninsurance benefits/products are provided and serviced by Allianz Global Assistance.
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SOURCE Allianz Partners | https://www.kxii.com/prnewswire/2022/08/12/allianz-partners-exhibits-2022-gbta-convention/ | 2022-08-12T15:37:02Z |
WOODINVILLE, Wash., Sept. 7, 2022 /PRNewswire/ -- This month, Woodinville Whiskey will release its Special Limited Release Woodinville Moscatel Finished Straight Bourbon in 23 markets (MSRP $99.99 per bottle). At the time of its distillery-only release last fall, the Woodinville 2021 Harvest Release was the first Moscatel Finished Straight Bourbon in the American Whiskey category. The whiskey was introduced exclusively at the Distillery Tasting Room in Washington state last September.
Woodinville Moscatel Finished Straight Bourbon is Woodinville's fully mature, Flagship Straight Bourbon Whiskey transferred into 10-year-old, 200-gallon Moscatel de Setúbal barrels for "finishing". Moscatel de Setúbal is a rare, fortified wine produced on the Setúbal Peninsula of Portugal, a region known for its ideal climate for producing these wines. This "finishing" process adds notes of dried apricot and orange peel, with a honey and toffee sweetness. Candied nuts and a hint of fennel greet you for a lingering finish.
As the 2021 Washington state Harvest Release, Woodinville Moscatel Finished Straight Bourbon was named one of the "Best New American Double-Barrel Whiskies of 2021" by Nicolas Stecher in Maxim. For Uproxx's "Best Bourbon Whiskey Blind Taste Test" in February, Zach Johnston of Uproxx wrote, "Tasting Notes: There's a mix of chocolate powder, apricots, and orange that's tempered by five spice and a hint of wet reeds. Sweet and floral honey opens the palate up to Almond Roca (gotcha!) and peach pits. Ripe plums with more of those wet reeds drive the finish towards soft leather, more stone fruit, and a slightly spicy tobacco chew. My Guess: This is a Woodinville bourbon… that Almond Roca flavor note is very Seattle and gives it away instantly."
Woodinville's online Product Locator will assist in locating bottles of this Special Limited Release: https://www.woodinvillewhiskeyco.com/product-locator/ .
Woodinville Whiskey Company (www.woodinvillewhiskeyco.com) is a craft distillery founded by two longtime friends and residents of the Woodinville area, Orlin Sorensen and Brett Carlile under the mentorship of an industry icon, the late David Pickerell, former Master Distiller for Maker's Mark. Woodinville is Washington state's largest craft distillery, handcrafting all of its products from 100% locally sourced grains from the Omlin Family Farm in Quincy, Washington.
Their single farm, flagship products, Woodinville Straight Bourbon Whiskey, and Woodinville Straight 100% Rye Whiskey were both awarded "Craft Whiskey of the Year" in their respective categories by the American Distilling Institute in 2016 and 2017, a national competition with over 500 spirits entries from around the country. In March of 2020, the San Francisco World Spirits Competition also gave the competition's highest honors to Woodinville's Flagship Bourbon Whiskey with a Double Gold medal and the title of "Best Straight Bourbon Whiskey of 2020". In addition, it performed incredibly in Fred Minnick's "Pappy vs. the Field" blind tasting and Minnick also named it "Best Bourbon Outside Kentucky" in 2019. Last year Forbes reported that Woodinville "may just be the best craft whiskey in America." And in May, Woodinville Flagship Straight 100% Rye Whiskey earned Double Platinum honors in the American Spirits Council of Tasters 2022 ASCOT Awards.
In 2017 Woodinville joined Moët Hennessy, the wine and spirits division of LVMH (Louis Vuitton Moët Hennessy), the world's leading luxury goods company, with Orlin and Brett still at the helm. Woodinville Whiskey is available in Washington state, Alaska, Arizona, California, Colorado, DC metro, Florida, Georgia, Idaho, Illinois, Indiana, Kentucky, Maryland, Michigan, Minnesota, Nebraska, Nevada, New York, North Carolina, Ohio, Oregon, South Carolina, Texas and Wisconsin. The state-of-the-art distillery and tasting room in Woodinville, completed in 2014, is home to exclusive new launches like its annual Harvest Release in the fall. Private tours led by a distiller are available, when scheduled in advance. The distillery is open 7 days a week. Woodinville PR: Kat Spellman, (206)755-2341, spellman@woodinvillewhiskeyco.com.
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SOURCE Woodinville Whiskey | https://www.wibw.com/prnewswire/2022/09/07/woodinville-moscatel-finished-straight-bourbon-whiskey-national-release/ | 2022-09-07T16:49:11Z |
Streaming services to see fastest growth
CLEVELAND, Aug. 16, 2022 /PRNewswire/ -- US television revenues are forecast to increase 3.5% per year in nominal dollars through 2026, according to Television: United States, a report recently released by Freedonia Focus Reports. Ongoing growth in the number of households and disposable personal incomes are expected to drive revenue gains. Industry participants will also benefit from increases in business incomes, which will bolster budgets for television advertising. Competition for advertising spending with social media platforms and search engines will constrain revenue growth. In addition, faster gains will be limited by competition from alternative forms of entertainment. In 2022, television revenues are projected to increase less than 1.0%, a significant slowdown compared to 8.6% growth in 2021, as COVID-19 pandemic restrictions are scaled back in 2022 and consumers spend more time outside the home.
Revenues of cable networks are projected to remain the largest segment in 2026. Providers will continue to benefit from demand for in-home entertainment, as cable networks feature a diverse array of programming. However, streaming revenues are projected to rise 8.4% annually to 2026, the fastest rate among discrete segments. The wide array of movies and shows available on-demand in streaming platforms and the cost savings of streaming will continue to attract consumer interest. The addition of live sporting events to streaming platforms will help the industry compete with broadcast and cable networks.
These and other key insights are featured in Television: United States. This report forecasts to 2022 and 2026 US television revenues in nominal US dollars. Total revenues are segmented by source in terms of:
- cable networks
- cable distribution
- broadcast networks and stations
- streaming
To illustrate historical trends, total revenues and the various segments are provided in annual series from 2011 to 2021.
Motion picture and video production is excluded from the scope of this report.
This report includes the results of a proprietary national online consumer survey of US adults (age 18+). This Freedonia Focus Reports National Survey has a sample size of approximately 2,000, screened for response quality, and representative of the US population on the demographic measures of age, gender, geographic region, race/ethnicity, household income, and the presence/absence of children in the household.
More information about the report is available at:
https://www.freedoniafocusreports.com/Television-United-States-FF95087/?progid=91541
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Services & Industries reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
Press Contact:
Corinne Gangloff
+1 440.842.2400
cgangloff@freedoniagroup.com
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SOURCE The Freedonia Group | https://www.wibw.com/prnewswire/2022/08/16/ad-spending-rising-incomes-boost-television-revenues/ | 2022-08-16T16:12:27Z |
RICHMOND, Va., July 14, 2022 /PRNewswire/ -- Great Minds PBC®, the developer of widely used, highly regarded PK-12 curricula, today announced that A-Street, an investment fund focused on seeding and scaling innovative student learning and achievement solutions, has invested $150 million into Great Minds, comprising $100 million of newly issued shares to accelerate expansion of the company's offerings and $50 million to acquire a stake from the company's majority stockholder, the nonprofit Great Minds organization. A-Street is now a minority stockholder of the company.
The investment will further spur the company's growth and empower the public benefit corporation to expand its offerings and grow its investment in best-in-class digital experiences, which will be seamlessly embedded in the curricula. The company will also expand all of its existing instructional materials to be available through high school.
The company also announced former Louisiana State Superintendent of Education John White has joined the company as Chief Success Officer. White, who previously served on the Great Minds PBC Board of Directors, has been recognized for helping improve student achievement and raise graduation rates in Louisiana, strengthening the state's early childhood system, modernizing curriculum, and improving teacher preparation. He previously led the Louisiana Recovery School District, helping to transform New Orleans schools after Hurricane Katrina, and was Deputy Chancellor for the New York City Department of Education. A teacher at heart, White started his career teaching high school English in Jersey City, N.J.
"Great Minds has grown exponentially over the last 15 years, from an organization advocating for high-quality, content-rich curricula to the leading creator of those resources. We plan to leverage this new investment and John White's leadership to further innovate, broaden our reach, and put forward new resources that personalize and improve student learning, helping all children achieve the greatness of which they're inherently capable," said Lynne Munson, founder and CEO of Great Minds.
In his new role, White will shape and oversee how customers experience Great Minds' products and services, including professional development, implementation support, and a transformational digital experience to maximize teacher and student success. He will also work with state and district leaders on the need for high-quality instructional materials for all students. White will begin his new role in September.
"Students in the U.S. have never faced challenges greater than exist today. Every child needs and deserves access to a high-quality curriculum and every teacher should be provided with the materials, training, and resources to help unlock the greatness in every child. Great Minds is working to make that a reality and I'm excited to join in their mission," said White.
Great Minds PBC writes the knowledge-building materials Eureka Math2, Wit & Wisdom® (ELA), Geodes® books for emerging readers, and PhD Science®. The curricula have received top ratings through highly rigorous reviews in states like California, Louisiana, Massachusetts, and Texas, and by expert, independent curriculum reviewing organizations. Eureka Math is the most widely used elementary math curriculum in the country. The company reaches millions of students in all 50 states with its instructional materials and professional development and implementation services. The company has generated strong double-digit growth annually.
"Great Minds is filling an unmet need in schools across the country, providing educators and students with high-quality tools that advance academic growth and achievement. With innovative and proven solutions that already reach millions, Great Minds has an opportunity to soar to new heights and scale its impact by empowering educators and accelerating student learning. We are proud to join with Lynne, John, and the entire Great Minds' team on this incredible journey to transform the future of K-12 learning," said Marc Sternberg, Co-Founder and Managing Director of A-Street.
Great Minds PBC also announced it has appointed Julie Huston as Chief Revenue Officer of the company, after being Chief Sales Officer for the past five years. Under her leadership, the sales team scaled rapidly and has consistently driven 30+% year-over-year sales growth. In her new role, she will oversee the overall business growth of the company and market opportunities.
Evercore acted as exclusive financial advisor to Great Minds PBC, and Morrison & Foerster LLP acted as legal advisor.
Great Minds PBC is a public benefit corporation and subsidiary of Great Minds, a nonprofit organization. Teachers and content experts write Great Minds curricula, applying their experience to create materials that resonate with students, teachers, and families. Great Minds is the only curriculum creator to have earned three Tier 1 ratings, the highest possible, from the respected Louisiana Department of Education. The company's instructional materials also have received strong reviews from numerous other states and nonprofit reviewers. Great Minds curricula currently include Eureka Math2, Eureka Math, PhD Science®, and Wit & Wisdom® (English language arts), and Geodes® books for emerging readers developed in conjunction with Fundations® foundational reading program from Wilson Language Training.
A-Street is a privately sponsored investment fund with a strategic focus on companies and ideas that drive coherent, differentially effective, and equitable solutions to transform the future of K-12 learning. Our vision is that every student in our country will have access to rigorous, engaging, and supportive learning experiences that will allow them to access economic and social prosperity. A-Street invests in a mix of early-, growth- and late-stage companies in the areas of instructional content & measurement, teaching sustainability, and students' well-being. We invest for the long term and aim to build true partnership with entrepreneurs and founders through a diverse staff that is deeply rooted in education practice, philanthropy, and policy. Our fund structure, investment tools, and incentives are uniquely aligned with what is necessary to create and sustain excellence in K-12 classrooms. For additional information about A-Street, please visit https://www.astreet.ventures/ and on Twitter @astreetventures.
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SOURCE Great Minds PBC | https://www.kxii.com/prnewswire/2022/07/14/great-minds-pbc-announces-150-million-investment-drive-expansion-innovation-former-louisiana-state-superintendent-john-white-joins-leadership-team/ | 2022-07-14T17:57:40Z |
SAN FRANCISCO, Sept. 1, 2022 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE: PLD) declared a regular cash dividend for the quarter ending September 30, 2022, on the following securities:
- A dividend of $0.79 per share of the company's common stock, payable on September 30, 2022, to common stockholders of record at the close of business on September 15, 2022; and
- A dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on September 30, 2022, to Series Q stockholders of record at the close of business on September 15, 2022.
ABOUT PROLOGIS
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of June 30, 2022, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.0 billion square feet (95 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,800 customers principally across two major categories: business-to-business and retail/online fulfillment.
FORWARD-LOOKING STATEMENTS
The statements in this document that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which we operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact our financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," and "estimates," including variations of such words and similar expressions, are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future—including statements relating to rent and occupancy growth, development activity, contribution and disposition activity, general conditions in the geographic areas where we operate, our debt, capital structure and financial position, our ability to form new co-investment ventures and the availability of capital in existing or new co-investment ventures—are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and, therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic and political climates; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties; (v) maintenance of real estate investment trust status, tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings; (vii) risks related to our investments in our co-investment ventures, including our ability to establish new co-investment ventures; (viii) risks of doing business internationally, including currency risks; (ix) environmental uncertainties, including risks of natural disasters; (x) risks related to the current coronavirus pandemic; and (xi) those additional factors discussed in reports filed with the Securities and Exchange Commission by us under the heading "Risk Factors." We undertake no duty to update any forward-looking statements appearing in this document except as may be required by law.
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SOURCE Prologis, Inc. | https://www.wibw.com/prnewswire/2022/09/01/prologis-declares-quarterly-dividend/ | 2022-09-01T13:48:47Z |
Report: Vaccinations could have prevented 60% of COVID deaths
Published: Apr. 21, 2022 at 7:37 PM CDT|Updated: 11 minutes ago
(CNN) - A recent report suggests COVID-19 vaccinations could have prevented hundreds of thousands of deaths in the U.S.
On Thursday, the Kaiser Family Foundation released an analysis on preventable deaths due to the coronavirus.
Researchers suggested the vaccine could have saved at least 234,000 lives between June 2021 and March 2022, about 60% of the COVID deaths among adults during that same time period.
The initial vaccine series became widely available in the U.S last year, and the report found booster shots could have potentially prevented even more deaths.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.wibw.com/2022/04/22/report-vaccinations-could-have-prevented-around-60-covid-deaths/ | 2022-04-22T00:51:29Z |
NORTH CONWAY, N.H., June 27, 2022 /PRNewswire/ -- Better Homes and Gardens Real Estate The Masiello Group, a trailblazer in New England real estate, recently celebrated the grand opening of their new real estate office with a ribbon cutting in early June. The new office is located on 3631 White Mountain Highway just north of North Conway Village in Intervale.
The Masiello Group is a second-generation family company helping real estate owners and buyers throughout New England since 1966. With more than 35 offices throughout Northern New England, Better Homes and Gardens Real Estate The Masiello Group is the largest residential real estate firm north of Boston and is the only company in the region to offer a complete spectrum of real estate services, including mortgage, title, home warranty, homeowner insurance, and relocation services.
The Masiello Group's CEO, Chris Masiello, is actively helping to shape the future of the real estate industry through his hands-on expertise as well as his promise to both personally and professionally strive to always be better. Chris is a 35-year veteran in real estate and is a nationally recognized expert and leader in business operations, marketing, relocation and homeownership services.
"At The Masiello Group's North Conway office, you will find the personalized touch you would expect within a small community, plus the full range of integrated offerings our team offers including mortgage financing, home warranty, relocation, and closing services" said Masiello. "Best of all, you'll be working with the area's most experienced real estate agents who are steadfastly committed to providing clients with a quality experience."
Contact Better Homes and Gardens Real Estate The Masiello Group at 603-446-6810 or find then online at www.masiello.com/north-conway-nh.
With more than 35 offices throughout Northern New England, Better Homes and Gardens Real Estate The Masiello Group is the largest real estate firm north of Boston and is the only company in the region to offer a complete spectrum of home services, including mortgage, title, home warranty, homeowner insurance, and relocation services. The Masiello Group was recently named a Top 25 Broker by Realogy Leads Group in recognition of its excellent performance and customer satisfaction. In January 2022, Swanepoel Power 200 recognized Chairman and CEO Christopher J. Masiello as one of the most influential leaders in the residential real estate industry. For more information, visit www.masiello.com.
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SOURCE Better Homes and Garden Real Estate The Masiello Group | https://www.wibw.com/prnewswire/2022/06/27/ribbon-cutting-celebrates-opening-new-real-estate-office/ | 2022-06-27T18:35:20Z |
4-year-old found dead in pond after wandering off from apartments, police say
Published: Apr. 12, 2022 at 10:02 AM CDT|Updated: 1 hours ago
STONE MOUNTAIN, Ga. (WGCL/Gray News) - A frantic search for a 4-year-old Georgia boy ended early Tuesday morning after his body was recovered from a pond, police confirm.
The DeKalb County Police Department said Kyuss Williams wandered away from an apartment complex and was reported missing Monday evening. A search led investigators to discover the young boy’s body in a pond just behind the residence around 2:30 a.m. Tuesday.
Police say they do not suspect foul play at this time and believe Kyuss may have drowned.
The investigation remains ongoing.
Copyright 2022 WGCL via Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/04/12/4-year-old-found-dead-pond-after-wandering-off-apartments-police-say/ | 2022-04-12T16:36:44Z |
JAKARTA, Indonesia, July 28, 2022 /PRNewswire/ -- Gold and GemStone Mining, Inc. (OTC: GGSM); "the Company"), a leader in chartering to the World-Famous Mentawai Island and Beyond, Posts Positive Revenues poised for further growth as world travel to Indonesia opens for business.
The Company is highlighting significant achievements solidifying its strong foundation for growth in the coming year.
"We are very pleased with the performance of the Company through the pandemic." stated Volha Zvalinskaya, GGSM, President. "We continue to build a solid base of recurring revenue by issuing Visas, accommodations, and charter boat services into the World class surfing area of the Mentawai Islands. This is due to Company's CEO and CFO, Rudi Khelces, team hard work and determination to offer Clients charters to uncrowded beaches, marine and remote high-quality surfing waves, and providing an unforgettable experience."
Key Highlights April 30, 2022, Quarterly report, Company's Net income increased 43.29% to $2,320,641 from $1,619,530 in the April 30, 2021 Quarterly report, and assets grew to $5,201,804, an increase of 1452% compared to April 30, 2021.
GGSM anticipates further growth ahead with the world reopening as travelers chase the full excitement/exhilaration of the charter services and leisure boating vacation experience, immersing themselves in warm-weather remote uncrowded activities to beaches and marine and high-quality surfing. The GGSM management team is reviewing new opportunities and strategic partnerships while growing a proven business model for continued long-term growth and profitability.
ABOUT GGSM CORPORATION
GGSM is a publicly-traded company, engaged in the charter boat business in the Mentawai Islands and Beyond. The Kuda Laut's charter vessel is a Mentawai Surf Charter vessel to the World-Famous Mentawai Islands. The Kuda Laut has been chartering to the Mentawai, Telos, Nias, and Banyak Islands for over 25 seasons. From the Lagundri Bay in Nias, the Hinakos, the Bay of Plenty in the Banyaks, the Telos long rights, and the famous waves in the Mentawai, such as Rifles. No Kandui, Ebay, etc., in the Playground, to telescopes, Bintang, Lances Right.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our Company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the Company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
For More Information, visit https://ggsmglobal.com
Gold and Gemstone Mining, Inc., Investor Relations
- Website: https://ggsmglobal.com
- Email: ir@ggsmglobal.com
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SOURCE Gold and Gemstone Mining, Inc. | https://www.kxii.com/prnewswire/2022/07/28/gold-gemstone-mining-inc-announced-first-quarterly-report-2022/ | 2022-07-28T14:32:51Z |
WASHINGTON, May 17, 2022 /PRNewswire/ -- NASA has awarded the Cybersecurity and Privacy Enterprise Solutions and Services (CyPrESS) contract to Booz Allen Hamilton of McLean, Virginia.
CyPrESS is a cost plus award fee core and hybrid indefinite-delivery/indefinite-quantity contract with a total potential value of $622.5 million. The period of performance includes a base period that begins May 31, 2022, and runs through Sept. 30, 2023, as well as four option periods that run through Sept. 30, 2030.
Under the terms of the contract, Booz Allen Hamilton will provide cybersecurity and privacy enterprise solutions and services, as well as related services, for the agency's Office of Chief Information Office. The CyPrESS contract is the first enterprise cybersecurity and privacy services contract and consolidates cybersecurity and privacy work from various center and enterprise information technology contracts.
For information about NASA and agency programs, visit:
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SOURCE NASA | https://www.kxii.com/prnewswire/2022/05/17/nasa-awards-contract-cybersecurity-privacy-enterprise-solutions/ | 2022-05-17T20:58:26Z |
DALLAS (KDAF) — For the record, we think Fun on the Run’s Yolonda Williams is a very humorous person, but do the ladies of Stomping Ground Comedy Theatre in Dallas think she has what it takes to be funny?
Stomping Ground Comedy Theatre not only entertains but also seeks to educate those wanting to learn the craft of getting a laugh; this comedy club is doing the work to connect people in the community through the power of comedy.
Theatre officials say they work closely with charities, advocacy centers, organizations, schools and more to bring laughter to the community at large.
If you would like to put your skills to the test and the theatre has multiple classes teaching people the ropes when it comes to improv comedy. To view their registrar, click here.
Don’t want to learn and just want to have a laugh instead? Click here to view their full show calendar. | https://cw33.com/news/fun-on-the-run-news/find-out-what-it-takes-to-be-funny-at-dallas-stomping-ground-comedy-theatre/ | 2022-06-09T22:10:34Z |
All-Time Quarterly Record Revenues of $197.2 Million Drive Second Quarter Net Income of $32.5 Million and Adjusted EBITDA of $94.4 Million
Games and FinTech Segments Each Generate Record Quarterly Recurring Revenues
Highest-Ever Quarterly Sales of 1,957 Gaming Machines and Second Consecutive Quarter with More than $10 Billion in Funds Delivered to Customers' Casino Floors
Repurchased 2.0 Million Shares for $33.3 Million
LAS VEGAS, Aug. 3, 2022 /PRNewswire/ -- Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology and player loyalty solutions, today announced results for the second quarter ended June 30, 2022. Everi also reiterated its full year outlook for Net income, Adjusted EBITDA and Free Cash Flow.
Second Quarter 2022 Financial Highlights
- Revenues grew 14% to an all-time quarterly record $197.2 million from $172.6 million in the 2021 second quarter, reflecting a 7% increase in recurring revenues to a quarterly record $139.7 million and a 37% increase in sales of gaming machines and FinTech hardware.
- Income before income tax increased 16% to a record $42.3 million compared to $36.6 million a year ago.
- Net income was $32.5 million, or $0.33 per diluted share, compared to $36.2 million, or $0.36 per diluted share, in the 2021 second quarter, as the provision for income taxes increased $9.3 million in the 2022 second quarter related to the reversal of deferred tax asset valuation allowance in the 2021 fourth quarter; cash taxes paid were essentially flat at $0.1 million.
- Adjusted EBITDA, a non-GAAP financial measure, increased to an all-time quarterly record $94.4 million compared to $92.5 million in the 2021 second quarter.
- Free Cash Flow, a non-GAAP financial measure, rose 26% to $49.5 million from $39.2 million in the 2021 second quarter.
- Repurchased 2.0 million shares of stock for $33.3 million in the 2022 second quarter.
Randy Taylor, Chief Executive Officer of Everi, said, "Our strong operating momentum continued in the second quarter, as we delivered all-time quarterly record revenues, income before income tax, Adjusted EBITDA and Free Cash Flow. These record financial results were driven by another consecutive quarter of record recurring revenues for both our Games and FinTech businesses despite the very challenging year-over-year comparison for these operations, as last year's results included the significant benefit from casino reopening activities and financial stimulus payments provided to consumers.
"Our second quarter Games segment results include our highest-ever quarterly level of gaming machines sold, which increased 40% to 1,957 units; and the 13th consecutive quarterly sequential increase in our installed base of gaming operations units. Our ongoing investments in the development of differentiated cabinets and expansion of our games portfolio continues to drive increases in our installed base, strong Daily Win per Unit, and growth in our ship share of units sold. In particular, the record number of units sold in the quarter reinforces our confidence in our ability to achieve our 15% ship share target over the next several years.
"Our FinTech segment is achieving similar success, as it generated record revenues, operating income and Adjusted EBITDA for the third consecutive quarter. The record quarterly performance was driven by increased revenues from financial access services, which included more than $10 billion of funding delivered to our customers' casino floors for the second consecutive quarter, a record number of kiosk sales, and ongoing organic growth of our Loyalty and RegTech solutions. These results demonstrate our ability to offer industry-leading, integrated solutions that help drive increases in same-store activity and cost efficiencies for our customers. With our planned introductions of additional innovative products to our Digital Neighborhood of integrated solutions, our FinTech business is positioned to deliver consistent growth.
"Our top-line growth and focus on operational excellence continues to result in strong Free Cash Flow generation, which reached $49.5 million in the 2022 second quarter and $101.1 million for the first six months of 2022. We remain focused on allocating our higher Free Cash Flow to further grow the business through prudent investments in product development, as well as with acquisitions of businesses and technologies that continue to expand the scale and scope of our product offerings and/or drive our entry into new product categories and geographical markets. As reflected in the growing contributions of our Loyalty products, our return-focused approach to acquisitions benefits our operating performance. We expect recent acquisitions, which have expanded our addressable market to include opportunities in Australia and Historical Horse Racing gaming devices, will deliver similar benefits over time. Our Free Cash Flow performance, liquidity, and strong balance sheet also enabled us to opportunistically act on our share repurchase program in the second quarter given our view that our current valuation does not fully reflect the strength of our business and our outlook for ongoing growth."
Second Quarter 2022 Results Overview
Revenues for the three-month period ended June 30, 2022 increased 14% to $197.2 million compared to $172.6 million in the second quarter of 2021. Recurring revenues grew 7% to $139.7 million and revenues from non-recurring sales increased 37% to $57.5 million.
Operating income for the 2022 second quarter was $54.5 million compared to $54.4 million in the prior-year period, and net income was $32.5 million, or $0.33 per diluted share, compared to $36.2 million, or $0.36 per diluted share, in the second quarter of 2021. The provision for income taxes increased $9.3 million in the 2022 second quarter related to the reversal of deferred tax asset valuation allowance in the 2021 fourth quarter. Operating margin declined from the prior-year period, reflecting a change in the revenue mix as a result of substantially greater growth in gaming machine and FinTech hardware sales year over year together with a lower margin on machine and hardware sales due to increased supply chain costs, higher operating costs that reflect the additions of acquisitions, and higher research and development expense that supports the Company's focus on increased internal, new product development. Adjusted EBITDA increased to $94.4 million from $92.5 million in the prior-year period.
Free Cash Flow increased to $49.5 million from $39.2 million in the year-ago period, reflecting higher Adjusted EBITDA and lower cash interest paid, partially offset by higher capital expenditures.
2022 Second Quarter Games Segment Highlights
Games segment revenues grew 13% to a record $112.3 million compared to $99.3 million in the second quarter of 2021, primarily driven by record sales of gaming machines and ongoing growth in digital gaming revenues.
Operating income was $28.9 million compared to $30.6 million in the second quarter of 2021, reflecting higher revenues from machine sales, offset by lower margins on the machine sales due to increased supply chain costs as well as higher operating expenses, including increased costs associated with acquisitions and higher research and development expense, reflecting an acceleration in games development to support a path to a targeted future 15% ship share of gaming machines sold. Adjusted EBITDA was $58.7 million compared to $60.4 million in the second quarter of 2021. Revenues from the recent acquisitions of Intuicode Gaming and certain assets of Atlas Gaming (Australia) contributed $1.4 million in the 2022 second quarter.
Gaming operations revenues were $74.0 million compared to $73.2 million a year ago, and increased 5% on a quarterly sequential basis.
- The installed base reached a record 17,464 units as of June 30, 2022; representing a year-over-year increase of 7%, or 1,213 units. The installed base increased by 136 units on a quarterly sequential basis.
- The premium portion of the installed base increased by 20%, or 1,394 units, year over year and by 276 units on a quarterly sequential basis to a record 8,355 units. This was the 16th consecutive quarterly sequential increase in premium units. Growth was driven in part by continued placements of Cashnado™ units, the initial installations of Smokin' Hot Stuff Fire and Ice™, the Company's popular premium mechanical reel games, and its Wide-area Progressive ("WAP") gaming machines.
- Daily Win per Unit ("DWPU") was $39.94 in the second quarter of 2022 compared to $45.66 in the second quarter of 2021. DWPU in the year-ago period included the significant benefit of government stimulus payments coupled with pent-up demand as COVID vaccinations increased and consumers began to return to normalized activities. DWPU improved on a quarterly sequential basis from $39.76 in the 2022 first quarter.
- Gaming operations revenues from digital gaming rose 61% to $5.8 million in the second quarter of 2022 compared to $3.6 million in the second quarter of 2021, and increased 5% on a quarterly sequential basis. Digital revenue growth reflects the continued growth and expanded base of iGaming operator sites featuring Everi's games along with a growing library of available slot content, as well as going live in Ontario, Canada with nine operator sites as of June 30, 2022.
Gaming equipment and systems revenues generated from the sale of gaming machines and other related parts and equipment increased 47% to $38.3 million in the second quarter of 2022 compared to $26.1 million in the second quarter of 2021.
- The Company sold an all-time record 1,957 gaming machines at an average selling price ("ASP") of $18,800 in the 2022 second quarter, up 555 units, or 40%, from 1,402 units sold at an ASP of $17,894 in the 2021 second quarter, which had included a larger-than-average number of unit sales for new casino openings and expansions. Unit growth reflects the Company's estimation of an improved industry ship share driven by the popularity of an expanding game library supporting the Empire Flex™ video reel cabinet, ongoing demand for the Player Classic™ mechanical reel cabinet, and sales of the newly launched Player Classic Signature™ mechanical reel cabinet.
2022 Second Quarter Financial Technology Solutions ("FinTech") Segment Highlights
FinTech revenues for the 2022 second quarter increased 16% to an all-time quarterly record $84.9 million compared to $73.2 million in the 2021 second quarter, reflecting a 14% increase in financial access services, a 22% increase in software and other revenues, and a 17% improvement in revenues from hardware sales. Revenues from the recent acquisition of ecash Holdings (Australia) contributed $4.2 million in the 2022 second quarter.
Operating income increased 8% to $25.7 million in the 2022 second quarter compared to $23.8 million in the prior-year period, reflecting a benefit from higher revenues partially offset by increased research and development expense primarily in support of new and enhanced Loyalty products, the Company's digital CashClub Wallet®, and new RegTech products and software. Adjusted EBITDA rose 11% to $35.7 million compared to $32.1 million in the 2021 second quarter.
- Financial access services revenues, which include cashless and cash-dispensing debit and credit card transactions and check services, was a quarterly record $50.9 million, a 14% increase compared with the 2021 second quarter, reflecting continued strength in financial funding transactions at casinos, as well as growth from new customer additions. The number of completed financial transactions increased 2% year over year and for the second consecutive quarter delivered more than $10 billion of funding to customers' casino floors, representing a year-over-year funding increase of 11%. The Company's CashClub Wallet digital technology is currently deployed across six jurisdictions at 19 casinos, with 20 additional casino properties under various stages of deployment.
- Software and other revenues, which include Loyalty and RegTech software, product subscriptions, kiosk maintenance services, and other revenues, rose 22% to $19.0 million in the second quarter of 2022 compared to $15.6 million in the second quarter 2021. Approximately 78% and 80% of software and other revenues were of a recurring nature in the 2022 and 2021 second quarter periods, respectively.
- Hardware sales revenues increased 17% to a record $15.0 million compared to $12.8 million in the second quarter of 2021. The record level of self-service kiosks and other cash access hardware products sold in the quarter reflect significant continued demand for the Company's hardware and software solutions that deliver optimal performance and cost efficiencies to casino operators, including voucher redemption kiosks sold in Australia as a result of the ecash Holdings acquisition.
Balance Sheet and Liquidity
- As of June 30, 2022, the Company had $238.1 million of cash and cash equivalents, and its Net Cash Position was $93.1 million.
- The Company repurchased 2.0 million shares of its common stock for total consideration of $33.3 million during the quarter, and as of June 30, 2022, had $116.7 million remaining under the Board's $150 million authorization announced on May 10, 2022.
- In the 2022 second quarter, the Company paid $14.1 million for the initial purchase price payment and the net working capital payment related to the acquisition of Intuicode Gaming, $6.0 million of consideration related to the acquisition of certain assets of ecash Holdings and $2.0 million related to the acquisition of certain assets of XUVI.
Outlook
Reflecting the operating performance in the first half of the year and the Company's expectations for continued operating execution over the balance of the year driven by demand for its products, Everi reiterated its full year 2022 guidance for net income of $125 million to $132 million, Adjusted EBITDA of $368 million to $378 million and Free Cash Flow of $187 million to $200 million.
The Company's year-to-date results have not reflected, and its updated guidance does not contemplate, any additional material impact from a pandemic-related setback or other macroeconomic effect, such as recessionary or inflationary influence on consumer spending, a material supply chain disruption, or other changes in global market conditions. A summary and reconciliation of the full year 2022 financial targets are included in a supplemental table at the end of this release.
Investor Conference Call and Webcast
The Company will host an investor conference call to discuss its 2022 second quarter results at 11:00 a.m. EDT (8:00 a.m. PDT) today. The conference call may be accessed live by phone by dialing (201) 689-8471. A replay of the call will be available beginning at 2:00 p.m. ET today and may be accessed by dialing (412) 317-6671; the PIN number is 13730679. A replay will be available until August 10, 2022. The call also will be webcast live and archived on www.everi.com (select "Investors" followed by "Events & Contact").
Non-GAAP Financial Information
In order to enhance investor understanding of the underlying trends in our business, our cash balance, and cash available for our operating needs, and to provide for better comparability between periods in different years, we are providing in this press release Adjusted EBITDA, Free Cash Flow, Net Cash Position and Net Cash Available, which are not measures of our financial performance or position under United States Generally Accepted Accounting Principles ("GAAP"). Accordingly, Adjusted EBITDA and Free Cash Flow should not be considered in isolation or as a substitute for measures prepared in accordance with GAAP. These measures should be read in conjunction with our net earnings, operating income, and cash flow data prepared in accordance with GAAP. With respect to Net Cash Position and Net Cash Available, these measures should be read in conjunction with cash and cash equivalents prepared in accordance with GAAP.
We define Adjusted EBITDA as earnings (loss) before interest, taxes, depreciation and amortization, loss on extinguishment of debt, non-cash stock compensation expense, accretion of contract rights, write-downs of inventory, property and equipment and intangible assets, employee severance costs and other related expenses, litigation settlement received net of legal costs, foreign exchange loss, asset acquisition expense, non-recurring professional fees, certain litigation costs, and one-time charges. We present Adjusted EBITDA, as we use this measure to manage our business and consider this measure to be supplemental to our operating performance. We also make certain compensation decisions based, in part, on our operating performance, as measured by Adjusted EBITDA; and our current credit facility and existing senior unsecured notes require us to comply with a consolidated secured leverage ratio that includes performance metrics substantially similar to Adjusted EBITDA.
We define Free Cash Flow as Adjusted EBITDA less cash paid for interest, cash paid for capital expenditures, cash paid for placement fees, and cash paid for taxes net of refunds. We present Free Cash Flow as a measure of performance and believe it provides investors with another indicator of our operating performance. It should not be inferred that the entire Free Cash Flow amount is available for discretionary expenditures.
A reconciliation of the Company's net income (loss) per GAAP to Adjusted EBITDA and Free Cash Flow is included in the Unaudited Reconciliation of Selected Financial GAAP to Non-GAAP Measures provided at the end of this release. Additionally, a reconciliation of each segment's operating income to EBITDA and Adjusted EBITDA is also included. On a segment level, operating income per GAAP, rather than net earnings per GAAP, is reconciled to EBITDA and Adjusted EBITDA as the Company does not report net earnings by segment. Management believes that this presentation is meaningful to investors in evaluating the performance of the Company's segments.
We define (i) Net Cash Position as cash and cash equivalents plus settlement receivables less settlement liabilities and (ii) Net Cash Available as Net Cash Position plus undrawn amounts available under our revolving credit facility. We present Net Cash Position because our cash position, as measured by cash and cash equivalents, depends upon changes in settlement receivables and the timing of payments related to settlement liabilities. As such, our cash and cash equivalents can change substantially based upon the timing of our receipt of payments for settlement receivables and payments we make to customers for our settlement liabilities. We present Net Cash Available as management monitors this amount in connection with its forecasting of cash flows and future cash requirements.
A reconciliation of the Company's cash and cash equivalents per GAAP to Net Cash Position and Net Cash Available is included in the Unaudited Reconciliation of Cash and Cash Equivalents to Net Cash Position and Net Cash Available provided at the end of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance, but instead are based only on our current beliefs, expectations, and assumptions regarding the future of our business, plans and strategies, projections, anticipated events and trends, the economy, and other future conditions, as of the date this press release is issued. Forward-looking statements often, but do not always, contain words such as "expect," "anticipate," "aim to," "designed to," "intend," "plan," "believe," "goal," "target," "future," "assume," "estimate," "indication," "seek," "project," "may," "can," "could," "should," "favorably positioned," or "will" and other words and terms of similar meaning. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein, which are based only on information currently available to us and only as of the date hereof.
Examples of forward-looking statements include, among others, statements regarding our ability to execute on key initiatives and deliver ongoing operating and financial improvements, including guidance related to 2022 financial and operational metrics; regain or maintain revenue, earnings and Free Cash Flow momentum; sustain our overall growth; drive growth of the gaming operations installed base and DWPU; continue expanding the portions of the gaming floor the Company's games address, including into the Historical Horse Racing category of gaming devices and the Company's overall targeted ship share of gaming machines sold; successfully perform obligations required by acquisition agreements; and create incremental value for our shareholders, as well as statements regarding our expectations for the industry environment and the adoption of our products and technologies.
Forward-looking statements are subject to inherent risks, uncertainties, and changes in circumstances that are often difficult to predict and many of which are beyond our control, including, but not limited to, statements regarding: trends, developments, and uncertainties impacting our business, including our ability to withstand: global supply chain disruption; inflationary impact on supply chain costs; changes in global market, business and regulatory conditions arising as a result of the COVID-19 global pandemic, including any related public health confidence and availability of discretionary spending income of casino patrons, as well as expectations for the re-opening of casinos; product innovations that address customer needs in a new and evolving operating environment; to regain or maintain revenue, earnings, and cash flow momentum, and to enhance shareholder value in the long-term; trends in gaming establishment and patron usage of our products; benefits realized by using our products and services; benefits and/or costs associated with mergers, acquisitions, and/or strategic alliances; product development, including the release of new game features, additional games, and system releases in the future; regulatory approvals; gaming and financial regulatory and legal, card association, and statutory compliance and changes; the implementation of new or amended card association and payment network rules or interpretations; consumer collection activities; competition (including consolidations); tax liabilities; goodwill impairment charges; international expansion; resolution of litigation or government investigations; our dividend policy; new customer contracts and contract renewals; financial performance and results of operations (including revenue, expenses, margins, earnings, cash flow, and capital expenditures); inflationary impact on labor costs and retention; interest rates and interest expense; borrowings and debt repayments; and equity incentive activity and compensation expense.
Our actual results and financial condition may differ materially from those indicated in forward-looking statements, and important factors that could cause them to do so include, but are not limited to, the following: our ability to generate profits in the future and to create incremental value for shareholders; our ability to withstand inflationary and other factors that pressure discretionary consumer spending; our ability to execute on mergers, acquisitions and/or strategic alliances, including our ability to integrate and operate such acquisitions or alliances consistent with our forecasts in order to achieve future growth; our ability to execute on key initiatives and deliver ongoing improvements; expectations regarding growth for the Company's installed base and daily win per unit; expectations regarding placement fee arrangements; inaccuracies in underlying operating assumptions; the impact of the ongoing Coronavirus Disease 2019 ("COVID-19") global pandemic on our business, operations and financial condition, including (i) actions taken by international, federal, state, tribal and municipal governmental and regulatory agencies to contain the COVID-19 public health emergency or mitigate its impact, (ii) the direct and indirect economic effects of COVID-19 and measures to contain it, including directives, orders or similar actions by international, federal, state, tribal and municipal governmental and regulatory agencies to regulate freedom of movement and business operations such as travel restrictions, border closures, business closures, limitations on public gatherings, quarantines and shelter-in-place orders as well as re-opening safety protocols; changes in global market, business, and regulatory conditions arising as a result of the COVID-19 global pandemic; our history of net losses and our ability to generate profits in the future; our leverage and the related covenants that restrict our operations; our ability to withstand unanticipated impacts of a pandemic outbreak of uncertain duration; our ability to withstand the loss of revenue during the closure of our customers' facilities; our ability to generate sufficient cash to service all of our indebtedness, fund working capital, and capital expenditures; our ability to maintain our current customers; expectations regarding customers' preferences and demands for future product and service offerings; the overall growth of the gaming industry, if any; our ability to replace revenue associated with terminated contracts; margin degradation from contract renewals; our ability to comply with the Europay, MasterCard, and Visa global standard for cards equipped with security chip technology; our ability to successfully introduce new products and services, including third-party licensed content; gaming establishment and patron preferences; failure to control product development costs and create successful new products; anticipated sales performance; our ability to prevent, mitigate, or timely recover from cybersecurity breaches, attacks, and compromises; national and international economic and industry conditions; changes in gaming regulatory, card association, and statutory requirements; regulatory and licensing difficulties, competitive pressures and changes in the competitive environment; operational limitations; gaming market contraction; changes to tax laws; uncertainty of litigation outcomes; interest rate fluctuations; business prospects; unanticipated expenses or capital needs; technological obsolescence and our ability to adapt to evolving technologies; our ability to comply with our debt covenants and service outstanding debt; employee hiring, turnover, and retention; our ability to comply with regulatory requirements under the Payment Card Industry ("PCI") Data Security Standards and maintain our certified status; and those other risks and uncertainties discussed in "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Item 1A. Risk Factors" of our Annual Report on Form 10-K for the year ended December 31, 2021 (the "Annual Report"). Given these risks and uncertainties, there can be no assurance that the forward-looking information contained in this press release will in fact transpire or prove to be accurate.
This press release should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2021, and with the information included in our other press releases, reports and other filings with the SEC. Understanding the information contained in these filings is important in order to fully understand our reported financial results and our business outlook for future periods.
About Everi
Everi's mission is to lead the gaming industry through the power of people, imagination and technology. With a focus on player engagement and helping casino customers operate more efficiently, the Company develops entertaining game content and gaming machines, gaming systems, and services for land-based and iGaming operators. The Company is also a preeminent and comprehensive provider of trusted financial technology solutions that power the casino floor while improving operational efficiencies and fulfilling regulatory compliance requirements, including products and services that facilitate convenient and secure cash and cashless financial transactions, self-service player loyalty tools and applications, and regulatory and intelligence software. For more information, please visit www.everi.com, which is updated regularly with financial and other information about the Company.
Join Everi on Social Media
Twitter: https://twitter.com/everi_inc
LinkedIn: https://www.linkedin.com/company/everi
Facebook: https://www.facebook.com/EveriHoldingsInc/
Instagram: https://www.instagram.com/everi_inc
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SOURCE Everi Holdings Inc. | https://www.mysuncoast.com/prnewswire/2022/08/03/everi-reports-record-second-quarter-2022-results/ | 2022-08-03T11:39:18Z |
The threat of wildfire increases as Suncoast weather remains dry
Published: Apr. 21, 2022 at 7:46 AM EDT
SARASOTA, Fla. (WWSB) - A measure of the likelihood of wildfires starting and spreading is the Fosberg Fire Danger Index. The index now puts the Suncoast into the highest levels of wildfire danger. Rain would be welcome. However, sprawling high pressure will continue to inhibit rain and gusty winds with dry air will keep the fire danger high for the next several days.
Dry weather aside, it will be a lovely low humidity day. Temperatures in the afternoon will climb to the upper 80s closer to the coast and near 90 inland. No rain in today’s forecast or in the days ahead.
By Sunday the humidity will be high enough at the surface and aloft that a hope for a few afternoon showers will be in the forecast.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/04/21/threat-wildfire-increases-suncoast-weather-remains-dry/ | 2022-04-22T21:03:51Z |
BENTONVILLE, Ark., Aug. 9, 2022 /PRNewswire/ -- Retail SaaS company Movista expands its executive leadership team with C-Suite veterans Scot DeLancey, Chief Product Officer (CPO), and Madhu Kota, Chief Technology Officer (CTO). DeLancey and Kota will lead the product and technology teams respectively to drive innovation for Movista's industry-leading retail execution and mobile-first workforce management platform.
As CPO, DeLancey will guide Movista's product vision and direction from ideation to execution, with responsibility for the product strategy, product management, product marketing, and UI/UX functions. With more than twenty-five years of experience in technology and product management across several industries, he will bring significant value to Movista's product evolution.
"Product innovation boils down to one thing: solving customers' problems," DeLancey said. "I can't wait to help alleviate our clients' challenges and work cross-functionally to deliver the best product possible."
As CTO, Kota will spearhead all aspects of technology including technology strategy, product engineering, and R&D functions, ensuring Movista has the foundation to meet customers' current and future needs. He brings with him more than twenty-five years of experience in information technology and product development across various industries, from e-commerce to FinTech.
"My goal as Movista's CTO is to foster a culture of technology excellence," Kota noted. "Movista is at the cutting edge of retail software innovation. I'm looking forward to collaborating with others to build beautifully simple solutions to complex business problems."
"The needs of retail teams grow more complex every day," said Movista co-founders Stan Zylowski, CEO, and April Seggebruch, Chief Strategy Officer. "Scot and Madhu are visionaries who will enable us to push the boundaries of our software and provide complete front door, store floor, and back door control for all retail stakeholders, backed by data-driven automation sets and advanced optimizations. Our goal is to empower our clients with the solutions they need to thrive in and out of retail stores."
Movista is a global leader in retail execution and workforce management solutions. We believe the future of retail work is radically transparent and collaborative. As the world's first and only SaaS platform to enable collaboration between retailers, brands, service providers, and distributors, we are transforming the execution of all work and engagement by all teams in the retail ecosystem. Learn more at www.movista.com and connect with us on LinkedIn, Twitter, Facebook, and Instagram.
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SOURCE Movista | https://www.mysuncoast.com/prnewswire/2022/08/09/movista-welcomes-two-product-veterans-leadership-team/ | 2022-08-09T12:10:02Z |
ST. ALBANS, England (AP) — Two-time major winner Dustin Johnson has resigned his PGA Tour membership to participate in the new golf series backed by Saudi Arabia’s sovereign wealth fund.
The first LIV Golf Invitational, which offers $25 million in prize money, is taking place outside London from Thursday.
Johnson said on Tuesday he “had to think long and hard” about leaving the PGA Tour, seemingly ending his hopes of competing in the Ryder Cup for the United States.
“Ultimately, I decided to come and do this,” Johnson said at Centurion Club. “I’m excited about this. Obviously the Ryder Cup is unbelievable and something that has meant a lot to me. … Hopefully I’ll get a chance to do that again, but I don’t make the rules.”
Johnson, whose last victory was the Saudi International in 2021, is No. 13 in the world, the highest-ranked player in the field. He has held the No. 1 spot in the world longer than any player since Tiger Woods.
“I chose what is best for me and my family,” Johnson said, explaining his decision to join the Saudi venture fronted by Greg Norman.
Speaking alongside Johnson, former U.S. Open champion Graeme McDowell said he had yet to give up his PGA membership.
“I don’t feel I need to,” he said. “I don’t want to get into a legal situation with the PGA Tour.”
___
More AP golf: https://apnews.com/hub/golf and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/dustin-johnson-quits-pga-membership-to-play-in-saudi-league/ | 2022-06-07T17:35:40Z |
Availability of popular gift cards expands to leading health provider, acknowledging close connection between physical and financial health
PHOENIX, Sept. 13, 2022 /PRNewswire/ -- Gift of College, an innovative platform that facilitates crowdfunding for higher education and disability expenses, today announced the launch of its first-of-its kind gift card in select CVS locations across the United States. Available in denominations of $25-$200 and redeemable into most any new or existing 529 (college savings), ABLE (disability savings), or student loan account, Gift of College provides gift givers with a forward-looking gift card option for birthdays, holidays, baby showers, graduations, and other special occasions that can help alleviate the stress associated with higher education expenses and expenses experienced by individuals with disabilities. The gift card is a convenient and thoughtful way to give a contribution toward a loved one's financial wellbeing.
A college education is not only linked to higher pay and upward mobility but to improved overall health, according to The College Board. Given the high cost of many forms of post-secondary education, families need support in preparing for the cost for future students and for those who did not adequately prepare, support in repaying student loan debt. With countless gifting occasions each year, every contribution toward financial well-being can lead to a brighter and less stressful future.
"With millions of Americans weighed down by student loan debt, and with nearly 65% of Americans unfamiliar with 529 plans, one of the most effective ways to prepare for the cost of post-secondary education to avoid or minimize educational debt, a partnership with CVS will bring much needed support for those attempting to save for or repay the cost of higher education," says Wayne Weber, CEO Gift of College, Inc.
"There's clearly a close connection between financial and physical health. We are delighted that this unique collaboration will raise awareness of the usefulness of 529 college savings and ABLE plans and will provide a financial wellness gift card option for families across the U.S."
About Gift of College
Gift of College helps families address one of their most critical concerns: paying for higher education. An innovative platform that enables crowdfunding for college, Gift of College helps friends, family, and employers to contribute to any 529 college savings, student loan or ABLE account. Its suite of products and services includes Gift of College Gift Cards (available online and at thousands of retailer locations across the U.S.) and Gift of College At-Work, an employee benefit platform offering payroll deduction and employer contribution technology for student loan repayment and college and disability savings.
Learn more at http://www.giftofcollege.com. Follow Gift of College on Facebook, Instagram and LinkedIn.
Media Contacts:
Lisa Moriarty
Lisa@GiftofCollege.com
877-244-6630
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SOURCE Gift of College | https://www.wibw.com/prnewswire/2022/09/13/gift-college-inc-launches-higher-education-gift-cards-cvs/ | 2022-09-13T20:41:17Z |
PITTSBURGH , April 13, 2022 /PRNewswire/ -- "I thought there should be a simple way for patrons to adjust the temperature when dining in a booth," said an inventor, from Moses Lake, Wash., "so I invented the TEMPERATURE REGULATING RESTAURANT BOOTH. My design could make eating in a restaurant booth more enjoyable."
The patent-pending invention provides added comfort when sitting in a restaurant booth. In doing so, it could contribute to greater customer satisfaction. It also could increase revenue for an establishment. The invention features an adjustable design that is easy to use so it is ideal for restaurants and other commercial establishments. Additionally, it is producible in design variations.
The original design was submitted to the Ottawa sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-OTW-648, 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/2022/04/13/inventhelp-inventor-develops-more-comfortable-booth-option-restaurants-otw-648/ | 2022-04-13T15:33:02Z |
EASTON, Md., April 12, 2022 /PRNewswire/ -- TeraWulf Inc. (Nasdaq:WULF) ("TeraWulf" or the "Company") today announced that it priced a public offering of its common stock (the "Offering") for gross proceeds of approximately $20.6 million, before deducting underwriting discounts and commissions and offering expenses payable by the Company. In addition, the Company granted the underwriters a 30-day option to purchase approximately $3.1 million of additional shares of common stock. All of the shares in the Offering are being sold by the Company. The Company anticipates using the net proceeds from the Offering to build mining operations and establish digital asset infrastructure and for working capital and general corporate purposes. The Offering is expected to close on April 14, 2022, subject to customary closing conditions.
Certain of TeraWulf's existing investors, including the Company's Chief Executive Officer Paul Prager, have agreed to purchase $5.0 million of shares of the Company's common stock, at a price of $7.88 per share (the last reported sale price of the common stock on the Nasdaq on April 11, 2022) in a private offering, which is expected to close prior to or concurrently with the closing of the Offering.
Cantor Fitzgerald & Co. acted as the sole book-running manager for the Offering.
The underwriter may offer the shares from time to time for sale in one or more transactions on The Nasdaq Stock Market LLC ("Nasdaq"), in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. On April 11, 2022, the last sale price of the shares as reported on the Nasdaq was $7.88 per share.
The shares of common stock described above are being offered by the Company pursuant to its shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission (the "SEC") and declared effective by the SEC on February 4, 2022. A preliminary prospectus supplement and accompanying prospectus relating to and describing the terms of the Offering has been filed with the SEC and is available on the SEC's web site at www.sec.gov. Copies of the final prospectus supplement (when available) and accompanying prospectus relating to these securities may also be obtained by sending a request to: Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 6th Floor New York, New York 10022; email: prospectus@cantor.com.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdictions.
About TeraWulf
TeraWulf (Nasdaq: WULF) was formed by an experienced group of energy entrepreneurs to own and operate fully integrated environmentally clean bitcoin mining facilities in the United States. The Company is developing two mining facilities, Lake Mariner in New York and Nautilus Cryptomine in Pennsylvania, with the objective 800 megawatts of mining capacity deployed by 2025, enabling over 23 exahash per second of expected hashrate. TeraWulf will generate domestically produced bitcoin powered by nuclear, hydro and solar energy with a goal of utilizing 100% zero-carbon energy. With a core focus of ESG that ties direction to its business success, TeraWulf expects to offer attractive mining economics at an industrial scale.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. In addition, forward-looking statements are typically identified by words such as "plan," "believe," "goal," "target," "aim," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, although the absence of these words or expressions does not mean that a statement is not forward-looking. Forward-looking statements are based on the current expectations and beliefs of TeraWulf's management and are inherently subject to a number of factors, risks, uncertainties and assumptions and their potential effects. There can be no assurance that future developments will be those that have been anticipated. Actual results may vary materially from those expressed or implied by forward- looking statements based on a number of factors, risks, uncertainties and assumptions, including, among others: (1) conditions in the cryptocurrency mining industry, including fluctuation in the market pricing of bitcoin and other cryptocurrencies, and the economics of cryptocurrency mining, including as to variables or factors affecting the cost, efficiency and profitability of cryptocurrency mining; (2) competition among the various providers of data mining services; (3) changes in applicable laws, regulations and/or permits affecting TeraWulf's operations or the industries in which it operates, including regulation regarding power generation, cryptocurrency usage and/or cryptocurrency mining; (4) the ability to implement certain business objectives and to timely and cost-effectively execute integrated projects; (5) failure to obtain adequate financing on a timely basis and/or on acceptable terms with regard to growth strategies or operations; (6) loss of public confidence in bitcoin or other cryptocurrencies and the potential for cryptocurrency market manipulation; (7) the potential of cybercrime, money-laundering, malware infections and phishing and/or loss and interference as a result of equipment malfunction or break-down, physical disaster, data security breach, computer malfunction or sabotage (and the costs associated with any of the foregoing); (8) the availability, delivery schedule and cost of equipment necessary to maintain and grow the business and operations of TeraWulf, including mining equipment and equipment meeting the technical or other specifications required to achieve its growth strategy; (9) employment workforce factors, including the loss of key employees; (10) litigation relating to TeraWulf, IKONICS and/or the business combination; (11) the ability to recognize the anticipated objectives and benefits of the business combination; and (12) and other risks and uncertainties detailed from time to time in the Company's filings with the SEC. Potential investors, stockholders and other readers are cautioned not to place undue reliance on these forward- looking statements, which speak only as of the date on which they were made. TeraWulf does not assume any obligation to publicly update any forward- looking statement after it was made, whether as a result of new information, future events or otherwise, except as required by law or regulation. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in the Company's filings with the SEC, which are available at www.sec.gov.
Contact:
Investors
Sandy Harrison
harrison@terawulf.com
(410) 770-9500
Media
Michael Freitag / Joseph Sala / Lyle Weston
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
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SOURCE TeraWulf Inc. | https://www.mysuncoast.com/prnewswire/2022/04/12/terawulf-inc-announces-pricing-206-million-public-offering-common-stock/ | 2022-04-12T14:50:53Z |
HEFEI, China, July 28, 2022 /PRNewswire/ -- On July 28, Gotion High -Tech Co., Ltd. (SZE: 002074 / SSE GDRs: GOTION), the world-leading Chinese power battery manufacturer, officially listed on the Swiss Stock Exchange by issued global depositary receipts(GDR), becoming the first group of Chinese companies that came to Swiss Stock Exchange.
The Swiss Stock Exchange and the Shenzhen Stock Exchange and Shanghai Stock Exchange held a simultaneous ceremony of China-Swiss Stock Connect Celebration and GDRs Listing Event in the 3 city.Mr. Fang Xinghai, Vice Chairman of CSRC, and Mr. Stoffel, State Secretary of the Swiss Ministry of Finance, announced the official opening of the GDR business for the connection of the Swiss and Chinese securities markets.
Gotion has placed 22,833,400 GDRs at an offer price of USD 30.00 per GDR, with one GDR representing an interest in five A shares of the Company, resulting in gross proceeds of approximately USD 685 million from the Offering.
The issue of GDR is the largest GDR project in terms of size of the underlying issue on the Swiss Stock Exchange since the implementation of the China-Europe Stock Connect rules. it is also the largest equity financing project issued in the Swiss market so far this year.
Gotion particularly to grow overseas production capacity of battery products and raw materials through investment in fixed assets, acquisition of equity interests or other means, to increase the Company's international footprint, to increase working capital and to match other general corporate uses, and to help the Company Contribute to the common goal of the world about carbon peaking eventually.
Mr. LI Zhen, Chairman of the Board and General Manager of Gotion, says: "We are delighted with the successful pricing of our offering of GDRs and the interest from domestic and international investors in our company. This is a major milestone in the history of Gotion. Our principal shareholders and I remain fully committed in the long-term to further driving Gotion's growth story."
Gotion High-tech is one of the earliest companies in China to engage in independent research and development, production and sales of EV lithium-ion batteries, and has grown into a world-leading and rapidly expanding provider of new energy solutions. Volkswagen officially became the largest shareholder of Gotion at the end of 2021.
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SOURCE Gotion High-Tech | https://www.mysuncoast.com/prnewswire/2022/07/28/gotion-issues-gdrs-amp-goes-public-swiss-stock-exchange/ | 2022-07-28T17:08:54Z |
CALGARY, AB, July 20, 2022 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) and (NYSE: CPG) plans to report its second quarter 2022 financial and operating results via press release prior to the opening of markets on Wednesday, July 27, 2022. Crescent Point's management will hold a conference call at 10:00 a.m. MT (12:00 p.m. ET) the same day to discuss the Company's results and outlook.
Participants can listen to this event online via webcast. Alternatively, the conference call can be accessed by dialing 1‑888‑390‑0605.
The webcast will be archived for replay and can be accessed on Crescent Point's conference calls and webcasts webpage under the invest tab. The replay will be available approximately one hour following the completion of the call.
FOR MORE INFORMATION ON CRESCENT POINT ENERGY, PLEASE CONTACT:
Shant Madian, Vice President, Capital Markets, or
Sarfraz Somani, Manager, Investor Relations
Telephone: (403) 693-0020 Toll-free (US and Canada): 888-693-0020 Fax: (403) 693-0070
Address: Crescent Point Energy Corp. Suite 2000, 585 - 8th Avenue S.W. Calgary AB T2P 1G1
Crescent Point shares are traded on the Toronto Stock Exchange and New York Stock Exchange under the symbol CPG.
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SOURCE Crescent Point Energy Corp. | https://www.kxii.com/prnewswire/2022/07/20/crescent-point-announces-q2-2022-conference-call/ | 2022-07-20T17:03:09Z |
EMERYVILLE, Calif., Aug. 1, 2022 /PRNewswire/ -- Berkeley Lights, Inc. (Nasdaq: BLI), a leader in digital cell biology, today announced that Rolando Brawer, Ph.D. has been named executive vice president, Strategy & Corporate Development, effective immediately.
In this newly created role, Dr. Brawer will lead Berkeley Lights' strategy and corporate development functions and support the Company's growth strategy through identification, assessment and execution of potential mergers, acquisitions, investments, licensing agreements, joint ventures and more.
"We are thrilled to welcome Rolando to the Berkeley Lights team as we broaden our bench of executive talent," said Siddhartha Kadia, Ph.D., chief executive officer of Berkeley Lights. "Rolando is a highly respected leader in the life sciences industry who brings more than two decades of corporate development experience and a diverse skillset to this important role. His extensive life sciences knowledge and track record of driving tangible results will be invaluable as we build a growing and profitable business. I am confident Rolando will make significant contributions to our ongoing success as we continue to execute our growth strategy and create shareholder value."
Dr. Brawer is an accomplished corporate development executive with robust scientific expertise, having most recently served as vice president, Science & Technology, Alliances & Ventures at Danaher Corporation. In this role, he built a corporate function dedicated to co-founding companies with external inventors, providing capital and expertise to originate early-stage ventures in the life sciences field. Prior to Danaher Corporation, Dr. Brawer held several positions at life sciences companies including as vice president, Corporate Development, at Exact Sciences Corporate Development and Genomic Health. Dr. Brawer's experience also includes leading Thermo Fisher Scientific's global strategy for out-licensing and commercial supply for the company's Life Science Solutions Group. He was responsible for more than $300 million of annual worldwide licensing revenue, growing 10-15 percent annually. Dr. Brawer started his corporate development career at Invitrogen/Life Technologies.
"I am excited to join such an innovative company and management team at a critical time," said Dr. Brawer. "Under Siddhartha's leadership, Berkeley Lights is executing a plan that has positioned it well for the future while also laying the foundation to generate valuable agreements and partnerships through the Company's cutting-edge technology. I look forward to working alongside the Berkeley Lights team to continue the company's growth trajectory, generate revenue growth and cultivate a strong sense of collaboration across teams while delivering significant value to our shareholders."
Dr. Brawer earned a B.S. and M.S. in Molecular Biology and Biotechnology from the University of Buenos Aires, Ph.D. in Molecular Microbiology from the University of Buenos Aires -Medical School, and MBA from the University of Florida.
Berkeley Lights is a leading digital cell biology company focused on enabling and accelerating the rapid development and commercialization of biotherapeutics and other cell-based products for our customers. The Berkeley Lights Platform captures deep phenotypic, functional, and genotypic information for thousands of single cells in parallel and can also deliver the live biology customers desire in the form of the best cells. Our platform is a fully integrated, end-to-end solution, comprising proprietary consumables, including our OptoSelect™ chips and reagent kits, advanced automation systems, and application software. We developed the Berkeley Lights Platform to provide the most advanced environment for rapid functional characterization of single cells at scale, the goal of which is to establish an industry standard for our customers throughout their cell-based product value chain.
Berkeley Lights' Beacon® and Lightning® systems Land Culture Station™ instrument are FOR RESEARCH USE ONLY. Not for use in diagnostic procedures.
To the extent that statements contained in this press release are not descriptions of historical facts regarding Berkeley Lights or its products, they are forward-looking statements reflecting the current beliefs and expectations of management. Such forward-looking statements involve substantial known and unknown risks and uncertainties that relate to future events, and actual results and product performance could differ significantly from those expressed or implied by the forward-looking statements. Berkeley Lights undertakes no obligation to update or revise any forward-looking statements. For a further description of the risks and uncertainties relating to the Company's growth and continual evolution see the statements in the "Risk Factors" sections, and elsewhere, in our filings with the U.S. Securities and Exchange Commission.
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SOURCE Berkeley Lights, Inc. | https://www.kxii.com/prnewswire/2022/08/01/berkeley-lights-announces-appointment-dr-rolando-brawer-executive-vice-president-strategy-amp-corporate-development/ | 2022-08-01T12:57:39Z |
Pass urgent COVID funding or more will die, White House says
WASHINGTON (AP) — For much of the past two years, America has been first in line for COVID-19 vaccines and treatments. Now, as drugmakers develop the next generation of therapies, the White House is warning that if Congress doesn’t act urgently the U.S. will have to take a number.
Already the congressional stalemate over virus funding has forced the federal government to curtail free treatment for the uninsured and to ration monoclonal antibody supplies. And Biden administration officials are expressing increasing alarm that the U.S. is also losing out on critical opportunities to secure booster doses and new antiviral pills that could help the country maintain its reemerging sense of normalcy, even in the face of potential new variants and case spikes.
Japan, Vietnam, the Philippines, and Hong Kong have all placed orders for treatments and vaccine doses that the U.S. can’t yet commit to, according to the White House.
Months ago, the White House began warning that the country had spent through the money in the $1.9 trillion American Rescue Plan that was dedicated directly to COVID-19 response. It requested an additional $22.5 billion for what it called “urgent” needs in both the U.S. and abroad.
The Senate last month closed in on smaller $10 billion package focused on domestic needs. But even that deal fell apart as lawmakers objected to an announcement from the Centers for Disease Control and Prevention that it would end Trump-era border restrictions related to the pandemic.
The White House this week is mounting a push for doctors to get less stingy about prescribing the antiviral pill Paxlovid, which was initially rationed for those at the highest risk for severe outcomes from COVID-19 but is now more widely available. A 20 million-dose order placed last year by the government helped boost manufacturing capacity.
Paxlovid, when administered within five days of symptoms appearing, has been proven to bring about a 90% reduction in hospitalizations and deaths among patients most likely to get severe disease. Some 314 Americans are now dying each day from the coronavirus, down from more than 2,600 during the height of the omicron wave earlier this year.
The U.S. used similar advance-purchase agreements to boost the domestic supply and manufacture of COVID-19 vaccines, through what was known in the Trump administration as “Operation Warp Speed.”
Now, with a new generation of treatments on the horizon, the U.S. is falling behind.
Japan has already placed an initial order for drugmaker Shionogi’s upcoming COVID-19 antiviral pill, which studies have shown to be at least as effective as Pfizer’s treatment and has fewer drug-to-drug interactions and is easier to administer.
Because of the funding delays, officials say, the U.S. has yet to place an advance order, which would help the company scale manufacturing to widely produce the pill.
“We know companies are working on additional, promising life-saving treatments that could protect the American people, and without additional funding from Congress, we risk losing out on accessing these treatments, as well as tests and vaccines, while other countries get in front of us in line,” said White House spokesman Kevin Munoz. “Congress must act urgently upon return from recess to provide the funding needed to secure new treatments for the American people and to avoid this dangerous outcome.”
Complicating matters further are the long lead times to manufacture the antiviral and antibody treatments. Paxlovid takes about six months to produce, and monoclonal antibody treatments used to treat COVID-19 and prevent serious disease in the immunocompromised take similarly long, meaning the U.S. is running out of time to replenish its stockpile before the end of the year.
Last month the White House began cutting back shipments of monoclonal antibody treatments to states to make supplies last longer.
Administration officials declined to discuss specific treatments they are stymied from ordering because of contracting requirements.
The funding debate is also holding up U.S. purchases of COVID-19 vaccine booster doses, including an upcoming new generation of vaccines that may better protect against the omicron variant.
Moderna and Pfizer both are testing what scientists call “bivalent” shots — a mix of each company’s original vaccine and an omicron-targeted version — with Moderna announcing last week it hopes to have its version ready this fall.
The Biden administration has said that while the U.S. has enough vaccine doses for children under 5, once they are approved by regulators, and for fourth shots for high-risk people over 50, it doesn’t have the money to order the new generation of doses.
Earlier this month, former White House COVID-19 coordinator Jeff Zients said Japan, Vietnam, the Philippines, and Hong Kong had already secured future booster doses.
Republicans have shown no signs of backing down from their insistence that before supplying the 10 GOP votes needed for the COVID-19 funding package to pass the Senate, the chamber must vote on their effort to extend the Trump-era Title 42 order. That COVID-linked order, which requires authorities to immediately expel nearly all migrants at the border, is set to be lifted on May 23.
An election-year vote to extend that order would be perilous for Democrats, and many hope no such vote occurs. Many say privately they hope Biden will keep the immigration curbs in place or that a court will postpone the rules’ termination, but Republicans could well force a vote anyway.
“Congress would have to take action in order for the day not to be May 23,” White House press secretary Jen Psaki said Monday.
Senate Majority Leader Chuck Schumer, D-N.Y., said early this month that he expected legislation this spring that would wrap together funds for COVID-19 and Ukraine. Aid for Ukraine has wide bipartisan support and could help propel such a package through Congress, but Republican opposition has already forced legislators to strip out pandemic response funding once.
There are at least six Democrats, and potentially 10 or more, who would be expected to back the Republican amendment to extend the immigration order, enough to secure its passage.
Such a vote would be dangerous for Democrats from swing districts, who must appeal to pro-immigration core Democratic voters without alienating moderates leery of the increase in migrants that lifting the curbs is expected to prompt.
Republicans haven’t said what language they would embrace, but they could turn to a bipartisan bill by Sens. James Lankford, R-Okla., and Kyrsten Sinema, D-Ariz.
It would delay any suspension of the immigration limits until at least 60 days after the U.S. surgeon general declares the pandemic emergency to be over. The administration would also have to propose a plan for handling the anticipated increase in migrants crossing the border. Democrats expressing support for keeping the immigration restrictions in place have cited a lack of planning by the administration as their chief concern although the Biden administration has insisted it is preparing for an increase in border crossings.
___
AP writer Alan Fram contributed to this report.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/04/25/pass-urgent-covid-funding-or-more-will-die-white-house-says/ | 2022-04-25T22:46:57Z |
TOKYO (AP) — Naomi Kawase, the director of the official film of the Tokyo Olympics, acknowledged she was taken aback at first about her assignment. That was late in 2018 when she got the commission from the International Olympic Committee.
The job never got any easier.
Japanese public opinion was divided about holding the Games after the COVID-19 pandemic postponed them for a year, and the costs kept climbing. Tokyo is regarded as the most expensive Olympics on record.
There were scandals, topped by the resignation of Yoshiro Mori, the head of the organizing committee, just months before the Olympics opened. Disgruntled artists charged with designing the opening and closing ceremonies also resigned.
It was only after Kawase decided to focus on the athletes in so-called Side A, and on much of the turmoil in Side B, that she felt sure about how to handle all the material.
Each two-hour segment has been released as a separate film — titled “Official Film of the Olympic Games Tokyo 2020 Side A” and “Official Film of the Olympic Games Tokyo 2020 Side B.”
“I never wavered,” she said in an interview with The Associated Press on Friday. “There was suddenly this giant divide, the world sank into a troubled mood, and people were forced to spend their time without easy answers.”
Side A and Side B, released recently in Japanese theaters, were like “twins,” she said. When seen together, they tell what she called “the human condition” exposed by the Olympics.
She said talks are underway for global streaming, but nothing has been decided.
Kawase recently returned from the Cannes Film Festival, where Side A was featured. Kawase won the Camera d’Or at the festival in 1997. She has served as a competition judge at Cannes. In 2007, she won the Grand Prix at the event.
Sifting through about 5,000 hours of footage was a challenge Kawase said she had not dealt with before — like working through a mathematical puzzle.
One driving theme is a message about gender inequality.
Japan, with the world’s third largest economy, consistently ranks low on gender-gap studies with females underrepresented in board rooms and political leadership. Kawase said she has personally suffered as a female director in Japan.
Side A shows — among many other things — an Olympian who is competing after giving birth.
Side B shows horrific imagery of the 2011 tsunami in northeastern Japan. Some Olympic events, like the torch relay, were held there to highlight the region’s reconstruction.
Side B also depicts some of the humble players, like the man in charge of grooming the grounds at the National Stadium in Tokyo, or the chef overseeing food served for athletes at the Olympic Village.
Dramatically highlighting the sexism theme is Mori, whose face popped up often in close-ups.
Mori, a former prime minister, was forced to resign as the president of the Olympic organizing committee following off-the-cuff remarks that women talk too much, which leads to long meetings.
“If you get that close with faces, there are moments in people’s expressions, even in the tiniest movements of their eyes, when you see through what they are really thinking,” Kawase said.
Mori was replaced by a woman, politician and former Olympic bronze medalist Seiko Hashimoto. Other women were also added to the organizing committee leadership after Mori’s resignation.
They are seen in the films.
“It’s becoming very clear now that there are many aspects of Japanese society that need to change,” Kawase said. “When society works as a larger system, what is truly precious gets overlooked, and what happens becomes so superficial.”
___
Yuri Kageyama is on Twitter https://twitter.com/yurikageyama
___
More AP sports: https://apnews.com/hub/sports and https://twitter.com/AP_Sports | https://cw33.com/entertainment-news/ap-entertainment/olympic-filmmaker-needed-2-movies-to-cover-tokyo-turmoil/ | 2022-06-18T13:08:05Z |
WATCH: Korean vet reunites with first love after nearly 70 years of searching
ESCANABA, Mich. (KETV) – How many of us get the chance to fix something unresolved from our past?
Even at age 91, Duane Mann never lost hope he’d get that chance.
He’d been waiting for nearly 70 years for the moment he’d get to see his first love again.
Mann saw his first love, Peggy Yamaguchi, for the first time in 1954 when he was stationed in Yokosuka, Japan.
She was pregnant when Mann, a 22-year-old Iowa farm boy, got his orders; the Navy was sending him back to the states.
He left Yamaguchi behind with the promise that he’d send for her with plans for marriage.
However, when Mann returned home from the Korean War, he found his father had fallen on hard times and spent Mann’s savings.
Then, the letters that Yamaguchi sent him stopped coming. Or so Mann thought. He discovered later his mother had burned the letters.
“She didn’t want me to marry a Japanese girl,” Mann said.
One final letter arrived for Mann. Yamaguchi wrote that she had lost the baby and married someone else.
“It was over, it set in that idea that I abandoned her, just wore me out,” Mann said. “That’s not an honorable thing to do.”
Mann’s son, Brian, has supported his father’s lifelong quest to find his lost love so he could clear his conscience.
“I think it was a combination of guilt, confusion and sadness,” Brian Mann said. “We owe it to them to see if this is truly the Peggy that my dad is looking for.”
In early May, the story of Duane Mann’s long search, his universal story of heartbreak and hope, went around the world.
It was shared by Japanese media, and viewers and readers got in on the search and emailed and posted obituaries and photos, wondering if they had found Yamaguchi.
While Duane Mann was in Iowa searching for Yamaguchi, she wasn’t an ocean away in Japan. She was closer to him than he ever could have imagined. Only 650 miles, a few states and the Mississippi River kept them apart after all of those years.
Rich Sedenquist, Yamaguchi’s son, was eventually found, contacted and asked if she remembered Duane Mann.
“One way to find out,” he said.
So, he took his headphones over to his mother and played the video clip of Duane Mann from the news article.
“She, right away [said], ‘I remember him, he really loved me, you know,’” Sedenquist said.
Yamaguchi was alive and alert with her Navy husband she married in 1955. She was living in the same Michigan community where she raised her three sons.
“He’s able to fulfill his dream, his lifelong dream to find the woman that he met and fell in love with and, 70 years later, what a wonderful story,” Sedenquist said.
An article dated February 3, 1956 from the local Escanaba newspaper, The Daily Press, was the key in finding Yamaguchi. It was discovered by a woman in Vancouver, Canada, who saw Duane Mann’s story online.
Theresa Wong said she felt compelled to act when she saw it.
“I feel like it cut me right to my soul,” she said.
The 23-year-old is a researcher for the History Channel. She said she found the old newspaper article with the headline “Tokyo bride makes life in Escanaba.” That article provided a last name and an address to go on.
“I cannot imagine carrying around that heartbreak for 70 years,” Wong said. “I really hope this is just that opportunity to get closure and really like a release all those years of worrying about it.”
Back in the present, Duane Mann and Yamaguchi spontaneously started reminiscing about their special time in Japan.
“I was scared at first, I thought my mother and Duane wouldn’t talk like they did but when they started smiling and talking it was all worth it. it was all worth it for me,” Sedenquist said.
Brian Mann, Duane Mann’s son, agreed.
“It’s a great example, as my dad has always been, ‘Follow your heart, be a kind person’ and not be afraid to take a step other people won’t,” Brian Mann said. “It’s authentic to me.”
Duane Mann shared with Yamaguchi how he keeps her close with photos in his billfold wallet, keeping them there for nearly 70 years.
Duane Mann also left a strong impression on Yamaguchi. Sedenquist’s middle name is Duane.
“It just came to light how I really got that name, and it wasn’t by happenstance, it was for a reason I believe,” Sedenquist said.
It may take a lifetime, but when offered that moment, whether it be romance or resolve, if Duane Mann is asked, he would say to seize the moment and never give up to find peace.
“It’s really been a freeing experience for me,” he said.
Copyright 2022 KETV via CNN Newsource. All rights reserved. | https://www.wibw.com/2022/06/06/watch-korean-vet-reunites-with-first-love-after-nearly-70-years-searching/ | 2022-06-06T20:35:27Z |
Morata’s bicycle kick helps Juventus draw with Bologna
By ANDREW DAMPF
AP Sports Writer
ROME (AP) — A spectacular overhead kick from Álvaro Morata led to a stoppage-time score for Juventus to draw with nine-man Bologna 1-1 in Serie A. Morata’s acrobatic effort was going wide until Dušan Vlahović met it with a header at the far post that found the target to salvage a point for the Bianconeri. They were denied a penalty in a disputed VAR decision moments earlier. Juventus remained fourth but moved within three points of third-placed Napoli. Fiorentina edged visiting Venezia 1-0 with a goal from Lucas Torreira to move up to sixth. | https://localnews8.com/sports/ap-national-sports/2022/04/16/moratas-bicycle-kick-helps-juventus-draw-with-bologna/ | 2022-04-16T21:14:12Z |
Orioles call up top prospect Adley Rutschman to majors
BALTIMORE (AP) — The Baltimore Orioles have called top prospect Adley Rutschman up to the majors. The move paves the way for the 24-year-old catcher to make his big league debut. The switch-hitting Rutschman was the No. 1 pick in the 2019 draft and is ranked as baseball’s No. 1 prospect by MLB Pipeline. The Orioles selected his contract from Triple-A Norfolk and designated catcher Anthony Bemboom for assignment. Rutschman is set to wear No. 35, the same number Hall of Famer Mike Mussina wore when he pitched for the Orioles. | https://localnews8.com/sports/ap-national-sports/2022/05/21/orioles-call-up-top-prospect-adley-rutschman-to-majors/ | 2022-05-21T14:58:39Z |
Services for Tamara Ann Marin, 9 months, of Temple will be 11 a.m. Friday at Judah Worship Center in Temple.
Burial will be in Hillcrest Cemetery in Temple.
Tamara died Saturday, July 2, in Temple.
She was born Sept. 14, 2021, in Temple to Nashalee Jackson.
Survivors include her mother of Temple; and two brothers, Ahmaree Marin and Zechariah Marin, both of Temple.
Visitation will be 10-11 a.m. Friday at Judah Worship Center.
Don. D. Summers Funeral Chapel in Temple is in charge of arrangements. | https://www.tdtnews.com/obituaries/article_043cc8aa-0873-11ed-8bd1-83a588016e8f.html | 2022-07-21T07:12:52Z |
- Company completes last of 10 solar sites as part of customer commitment
- Milestone demonstrates progress toward providing low-cost, clean energy solutions for Florida customers
ST. PETERSBURG, Fla., Aug. 31, 2022 /PRNewswire/ -- With the completion of a new 74.9-megawatt (MW) solar facility in Hardee County, Duke Energy reached a significant milestone – it has delivered on its commitment to provide 700 MW of clean energy to Florida customers.
The Charlie Creek Solar Power Plant is the last of 10 solar sites that are part of the company's multiyear plan on file with the Florida Public Service Commission to deliver 700 MW of solar generation from 2018 through 2022.
Elected officials and community leaders joined Duke Energy today at a commemorative ribbon cutting and solar panel signing ceremony at 10:30 a.m. to celebrate this significant milestone and grand opening of the new site.
"Today we are delivering on our promise to build a cleaner, brighter energy future for our customers," said Melissa Seixas, Duke Energy Florida state president. "By 2024, we plan to provide 1,500 MW of solar generation as part of our ongoing strategy to offer cleaner, smarter energy solutions that will benefit all Florida customers."
In addition to carbon reduction and the benefits of creating a diverse energy infrastructure, solar development fosters economic development and job creation in the areas that Duke Energy serves. During construction, the projects brought nearly 2,400 temporary construction jobs to the area.
All 10 solar facilities are located throughout Florida, as far south as Highlands County and as far north as Hamilton County. At peak output, the sites will generate enough energy to effectively offset the carbon emissions that would be equivalent to consuming about 140 million gallons of gasoline every year.
The 10 solar power plants under this commitment include:
- Hamilton (completed December 2018) in Hamilton County. Click here for video.
- Trenton (completed December 2019) in Gilchrist County. Click here for video.
- Columbia (completed March 2020) in Columbia County. Click here for video.
- DeBary (completed June 2020) in Volusia County. Click here for video.
- Twin Rivers (completed March 2021) in Hamilton County. Click here for video.
- Santa Fe (completed March 2021) in Columbia County. Click here for video.
- Duette (completed November 2021) in Manatee County. Click here for photos.
- Lake Placid (completed December 2021) in Highlands County. Click here for video.
- Sandy Creek (completed May 2022) in Bay County. Click here for video.
- Charlie Creek (completed August 2022) in Hardee County. Click here and here for videos.
Solar generation commitment
With a combined investment of more than $2 billion, Duke Energy Florida's solar generation portfolio will include 25 grid-tied solar power plants, which will benefit all Florida customers and will provide about 1,500 MW of emission-free generation from approximately 5 million solar panels by 2024.
Over the next decade, the company will continue to make innovative and targeted investments in additional solar power plants, battery storage technology, community solar, transportation electrification and a modernized power grid to help meet customers' needs for diverse, reliable energy solutions.
Duke Energy Florida
Duke Energy Florida, a subsidiary of Duke Energy, owns 10,300 megawatts of energy capacity, supplying electricity to 1.9 million residential, commercial and industrial customers across a 13,000-square-mile service area in Florida.
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. Its electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 50,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 28,000 people.
Duke Energy is executing an aggressive clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business and at least a 50% carbon reduction from electric generation by 2030 and net-zero carbon emissions by 2050. The 2050 net-zero goals also include Scope 2 and certain Scope 3 emissions. In addition, the company is investing in major electric grid enhancements and energy storage, and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear.
Duke Energy was named to Fortune's 2022 "World's Most Admired Companies" list and Forbes' "America's Best Employers" list. More information is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos and videos. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.
Media contact: Audrey Stasko
Cell: 315.877.3031
Media line: 800.559.3853
Twitter: @DE_AudreyS
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SOURCE Duke Energy | https://www.kxii.com/prnewswire/2022/08/31/duke-energy-celebrates-major-milestone-delivers-700-megawatt-solar-commitment-florida/ | 2022-08-31T21:20:49Z |
MECHANICSBURG, Pa. and FALLS CHURCH, Va., June 23, 2022 /PRNewswire/ -- Select Medical Corporation and Inova Health System today announced a joint venture to own and operate the first critical illness recovery hospital in Northern Virginia. The 32-bed specialty hospital will open in the first half of 2023 and be located within Inova Mount Vernon Hospital.
"As the patient population requiring specialty care continues to grow in Northern Virginia, we are pleased to form this joint venture with Inova to provide world-class inpatient post-acute services to the region," said Tom Mullin, executive vice president of specialty hospitals at Select Medical. "We share in a mission with Inova to provide high quality and safe care that enables patients to heal, recover and return to their community."
Critical illness recovery hospitals (licensed as long-term care hospitals) provide specialty services for chronic, critically ill patients who require extended healing and recovery, but no longer need the intensive care provided in an acute care hospital. Once the new joint venture hospital opens, all five Inova hospitals will have a pathway to seamlessly transition patients to the specialty hospital, expanding Inova's continuum of care and improving long-term patient outcomes.
"Our new relationship with Select Medical allows Inova to fill a market need and provide this much needed service for Northern Virginia patients and families," said J. Stephen Jones, MD, president and chief executive officer of Inova Health System. "This specialized post-acute service is not currently offered in this region, requiring patients to be transferred to facilities in Charlottesville, Richmond, or out of state. I'm thrilled that Inova is continuing to find innovative ways to deliver seamless care for patients."
Select Medical will serve as both the majority owner and managing partner of the new critical illness recovery hospital.
About Inova
Inova is Northern Virginia's leading nonprofit healthcare provider. Its mission is to provide world-class healthcare – every time, every touch – to each person in every community it has the privilege to serve. Inova's 20,000 team members provide more than 2 million patient encounters annually through an integrated network of hospitals, primary and specialty care practices, emergency and urgent care centers, outpatient services and destination institutes. Inova's five hospitals are consistently recognized by the Centers for Medicare and Medicaid Services (CMS), U.S. News & World Report Best Hospitals and Leapfrog Hospital Safety Grades for excellence in healthcare. Inova is home to Northern Virginia's only Level 1 Trauma Center and Level 4 Neonatal Intensive Care Unit. Its hospitals have a total of 1,936 licensed beds. More information and statistics about Inova can be found at www.inova.org.
About Select Medical
Select Medical Corporation, a wholly-owned subsidiary of Select Medical Holdings Corporation (NYSE: SEM), is one of the largest operators of critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States based on number of facilities. As of March 31, 2022, Select Medical operated 105 critical illness recovery hospitals in 28 states, 30 rehabilitation hospitals in 12 states, and 1,901 outpatient rehabilitation clinics in 38 states and the District of Columbia. Concentra operated 518 occupational health centers in 41 states. At March 31, 2022, Select Medical had operations in 46 states and the District of Columbia. Information about Select Medical is available at www.selectmedical.com.
Media Contacts
Select Medical: Shelly Eckenroth, 717-920-4035 or seckenroth@selectmedical.com
Inova Health System: Tracey Connell, 703-674-9357 or Tracy.Connell@inova.org
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SOURCE Select Medical Corporation | https://www.wibw.com/prnewswire/2022/06/23/select-medical-inova-health-system-open-first-critical-illness-recovery-hospital-northern-virginia/ | 2022-06-23T16:26:58Z |
RIO GRANDE, Puerto Rico, June 2, 2022 /PRNewswire/ -- LionGrove announces today the purchase of the stunning Wyndham Grand Rio Mar Puerto Rico Golf & Beach Resort in Rio Grande, Puerto Rico. The Resort will continue to be part of the Wyndham Hotels & Resorts family and will retain its current Wyndham Grand brand.
"We are extremely pleased with this fantasctic new addition to the LionGrove portfolio," said Andro Nodarse-León, founder and CEO of LionGrove. "We now own three fantastic hotels and operate two of them on the beautiful Island of Puerto Rico, representing almost 900 keys in combined rooms inventory."
Wyndham Grand Rio Mar Puerto Rico Golf & Beach Resort joins the Wyndham Palmas Beach & Golf Resort as the second renowned Puerto Rico resort to be owned and operated by the LionGrove team. "This latest acquisition grows the LionGrove family to approximately 750 team members across the two hotels we operate," added Mr. Nodarse-Leon.
"With this acquisition, our firm grows as a unique, innovative hotel owner and operator while very favorably impacting the Puerto Rico hotel industry, economy and community," said Chris Sariego, Senior Managing Director and COO of LionGrove. "With our extensive expertise in the management and ownership of resort properties, we will ensure this amazing property and all of our other hotels in Puerto Rico reach the highest levels of excellence."
Amadeo Zarzosa, LionGrove's Senior Vice President, has been appointed as General Manager for the Wyndham Grand Rio Mar. "LionGrove has an incredible team of professionals that is committed to enriching the lives of our guests and team members," concluded Mr. Sariego.
Andrew Dickey and the team at JLL represented the seller. Mark Fisher and the capital markets team at JLL represented LionGrove alongside its Chief Investment Officer, Phil Wade, on the financing of the acquisition.
Only 30 minutes from the San Juan metropolitan area and right in front of the ocean to enjoy the beautiful Rio Grande beach, the Wyndham Grand Rio Mar Puerto Rico Golf & Beach Resort is located on approximately 600 acres of beautifully manicured landscape with two miles of beachfront and picturesque views of El Yunque National Forest, the only tropical rainforest in U.S. The resort features 400 well-appointed guestrooms; nine restaurants; two championship golf courses designed by the leader in golf club management, Troon Golf; 11 Har-Tru® and two Laykold® tennis courts; spa; casino and approximately 100,000 square feet of diverse indoor and outdoor spaces for wedding events, conferences and conventions. The resort attracts international travelers and the local community as the perfect caribbean oasis for families, couples and business travelers.
About LionGrove:
LionGrove is a leading hospitality investment firm whose professionals have over 190 years of combined investment, financing and operational experience forged at some of the most prestigious private equity, investment banking and hotel companies in the world. The LionGrove team brings together the tenacious investment focus of seasoned Wall Street professionals with the eye for creating great environments and the passion for service of world-class hoteliers. LionGrove seeks to acquire and add value to its hotels and resorts located in fundamentally strong markets in the United States and its territories. LionGrove and its affiliates have offices in San Juan, Miami and Orlando. www.liongrove.com
About Wyndham Grand Rio Mar Puerto Rico Golf & Beach Resort:
Wyndham Grand Rio Mar Puerto Rico Golf & Beach Resort is nestled on approximately 600 acres along two miles-long section of golden beach adjacent to the El Yunque National Rainforest and the Mameyes River. The lush resort features 100,000 square feet of indoor and outdoor event space; a 7,000-square-foot casino; two world-class 18-hole golf courses; a 7,000 square foot spa and fitness center; multiple lounges and entertainment venues; international tennis center; and three beachfront pools. A total of nine restaurants and bars include the Roots Coastal Kitchen, Iguanas Cocina Puertorriqueña, Caicu Bar & Tapas, and Marbella Restaurant.
@wyndhamgrandrm | www.wyndhamriomar.com
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SOURCE About Wyndham Grand Rio Mar Puerto Rico Golf & Beach Resort | https://www.kxii.com/prnewswire/2022/06/02/liongrove-acquires-wyndham-grand-rio-mar-puerto-rico/ | 2022-06-02T17:30:33Z |
TAIPEI, June 9, 2022 /PRNewswire/ -- Aetina launches new AI inference platforms – MegaEdge AIP-SQ37 and MegaEdge AIP-FQ47 series; the platforms can be flexibly integrated into a wide range of AI-related systems to run AI inference tasks due to their rich I/O interface design to support many types of peripheral devices and sensors.
MegaEdge AIP-SQ37 series can be used in smart factories to reduce production line injury cases. With smart 3D cameras and motion recognition algorithms, the users of AIP-SQ37 series can create a type of 3D virtual fence solution for working robotic arms. When the 3D virtual fence system is installed, the system can detect workers who enter the working radius of robotic arms through smart 3D cameras, and further send signals to the robotic arms to slow down or stop their motions.
Due to its 6x USB 3.1 Gen 2 ports that provides up to 10Gbps data transfer speed capacity, MegaEdge AIP-SQ37 can be used with USB cameras for automated optical inspection (AOI) purposes. With 2x swappable 2.5" SATAIII SSD/HDD Trays, AIP-SQ37 allows users to complete storage drive replacement easily, which helps them lower AI system maintenance costs. Also, the AIP-SQ37 enables MXM embedded GPU card expansions to provide higher computing performance while remaining small platform size and staying energy-efficient.
MegaEdge AIP-FQ47 series, another Aetina's new AI inference platform, is suitable for the use of advanced AOI systems. The users of AIP-FQ47 are able to develop an AI visual inspection solution for defect detection in manufacturing with vision positioning algorithms and linear image sensors. Once installed, the visual inspection solution first detects and collects image data of units under test (UUT) via the linear image sensors, and then identifies defective ones among the units, helping smart factories ensure their product quality level.
Aetina's MegaEdge AIP-FQ47 series is designed not only with a strong and reliable structure, but also with a flexible PCIe interface for the expansion of different professional graphics cards. Moreover, the I/O interface of AIP-FQ47 series has 4 LAN ports to allow its users to build AI inspection systems with IP cameras.
MegaEdge AIP-SQ37 and MegaEdge AIP-FQ47 series can be used in different fields including smart cities, smart factories, and smart retail. With the advantages of high computing performance, high stability, and high flexibility, MegaEdge AIP-SQ37 and AIP-FQ47 series help their users complete their AI projects easily.
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SOURCE Aetina Corporation | https://www.kxii.com/prnewswire/2022/06/10/aetina-launches-new-high-performance-megaedge-use-ai-inference/ | 2022-06-10T02:08:25Z |
CANNES, France, May 27, 2022 /PRNewswire/ -- LILYSILK, the world's leading silk brand with a mission to inspire people to live spectacular, sustainable lives, has been a fashion staple for Anne Hathaway, the Academy Award-winning actress, during the 75th Cannes Film Festival.
Ms. Hathaway was captured by The Zoe Report sporting LILYSILK's Timeless Mei Silk Knit Polo when leaving Martinez Hotel with her husband on May 20 during the 75th Cannes Film Festival. Made from ultra-comfortable stretchy silk knit, this polo's sporty and figure-flattering silhouette offers laid-back style, particularly when paired with high-waisted jeans and a cable-knit cardigan as Ms. Hathaway did. On May 21, Ms. Hathaway was spotted by Daily Mail and InStyle leaving Cannes in effortless chic with her LILYSILK's Stunning Rectangular Silk Lily Scarf, a limited-edition scarf that celebrates the spirit of spring with a gorgeous vintage lily print. Whether looped around the neck, adorned as a headscarf or wrapped around a handbag as Ms. Hathaway did at Cannes, this exquisite scarf is the perfect accompaniment to any outfit.
Anne Hathaway is a highly esteemed actress who has received various accolades, including an Academy Award, a Golden Globe Award, a BAFTA Award, and a Primetime Emmy Award. Her most acclaimed and highest-grossing films include The Devil Wears Prada, The Dark Knight Rises, and Interstellar. Ms. Hathaway is the star of upcoming period drama Armageddon Time, which premiered at the festival.
"It is a great honor to see LILYSILK on our beloved Anne Hathaway at an iconic event such as the Cannes Film Festival," said David Wang, the CEO of LILYSILK. "Both the Lily scarf and Mei polo are from LILYSILK's latest 2022 Spring Collection, which combines Art Deco, earthy tones and modern styles for a modern-classic, yet effortlessly chic wardrobe."
LILYSILK inspires people to live spectacularly and sustainably with premium silk garments crafted from the finest natural fibers and a zero-waste ethos. In recent months, LILYSILK has also been worn by Hollywood celebrities such as Viola Davis, Melissa Rauch, Gwyneth Paltrow, Meghan Trainor, Nina Dobrev, and Lucy Hale.
About LILYSILK
LILYSILK is a world-leading silk brand with a mission to inspire people to live spectacularly as well as more sustainably, driven by its care for its customers as well as the planet. For more information, visit www.lilysilk.com and follow @lilysilk on Instagram and @Lilysilk on Facebook.
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SOURCE LILYSILK | https://www.mysuncoast.com/prnewswire/2022/05/27/anne-hathaway-exudes-effortless-chic-lilysilk-during-75th-cannes-film-festival/ | 2022-05-27T15:12:30Z |
Constellis subsidiary will provide Protective Security Officer services for the St. Elizabeths' complex.
HERNDON, Va., June 14, 2022 /PRNewswire/ -- Constellis, a leading provider of essential risk management and mission support services to government and commercial clients worldwide, announced today that the U.S. Department of Homeland Security, Federal Protective Service, awarded Constellis company, Triple Canopy, a contract for Protective Security Officer (PSO) services for the St. Elizabeths' complex located in Washington, D.C.
"Our company and team of security professionals are tasked with an important mission in providing a safe and secure work environment. We have diligently supported the Federal Protective Service in our collective mission and are excited to continue our work at the St. Elizabeths' complex," said Gerard "Jerry" Neville, President of North American Operations at Constellis.
The St. Elizabeths' complex serves as the consolidated headquarters for the U.S. Department of Homeland Security, the third largest cabinet department with more than 240,000 employees responsible for ensuring a secure and safe homeland against acts of terrorism.
About Constellis
In an ever-changing and complex world, security concerns are paramount. Enhanced security requires education, training and specialized skills. Constellis provides end-to-end risk management and comprehensive security solutions to safeguard people and infrastructure globally. Our team of strategic problem solvers has a steadfast moral compass and unwavering dedication to creating a safer world. Constellis is committed to the success of our customers and partners.
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SOURCE Constellis | https://www.wibw.com/prnewswire/2022/06/14/triple-canopy-constellis-company-wins-30-million-contract-with-us-department-homeland-security-federal-protective-service/ | 2022-06-14T14:55:41Z |
BARCELONA, Spain (AP) — Qatar committed Wednesday to investing 4.7 billion euros ($4.9 billion) in Spain as the European country launches an economic overhaul with its share of European Union pandemic recovery funding.
Qatar’s emir, Shekih Tamim bin Hamad Al-Thani, announced that the energy-rich gulf state would boost its investments in Spain at a state dinner with Spanish King Felipe VI late Tuesday.
The details of the investments were not made public beyond Spain’s government saying that they would help guarantee the country’s “energy security” and its transition to a “green economy.”
But with Europe scrambling to find alternatives to Russian energy, Qatar has been looked to a source of liquefied natural gas given its massive gas reserves.
The emir and Spanish Prime Minister Pedro Sánchez met Wednesday in Madrid and signed 12 agreements to solidify stronger bilateral relations. The agreements covered topics ranging from the economy and commerce to education, military cooperation, health and science.
The leaders’ meeting took place on the second day of the emir’s state visit to Spain, which included the inaugural Spain-Qatar business forum.
“In the current international context of the conflict in Ukraine, this new bilateral strategic relationship with Qatar becomes even more important for Spain for reasons not only of investment but also energy security,” the Spanish government said in a statement.
Spain leads Europe with six liquified natural gas processing plants at its ports. Beyond aiming to diversify its own energy mix, Spain is pushing to become an energy hub for Europe.
The investments will be made by the Qatar Investment Authority sovereign fund and funneled into projects by Spain’s public finance authority COFIDES “to find investment opportunities aligned with” the country’s plans for using the EU recovery funds, the Spanish government said.
Spain, which received the second-biggest EU allocation behind Italy, plans to deploy 70 billion euros ($74 billion) of direct EU transfers during 2021-23. It is set for an additional 70 billion euros in EU loans between 2023-26.
Spain is rolling out a series of major public investment projects using its share of the EU’s pandemic recovery funds, which the prime minister has compared to a “Marshall Plan for Europe.”
With a heavy focus on sustainability and digitization, the projects are designed to encourage major private-sector investments. They include a push to promote electric cars in Spain and for the development of green hydrogen as a clean energy source.
The Spanish government said the money from Qatar would “provide a flow of investments into Spain for its projects for a green and digital economy.”
Despite rampant inflation made worse by Russia’s invasion of Ukraine, Spain is still expected to see its economy grow by 4% this year. | https://cw33.com/business/ap-business/qatar-says-it-will-boost-investment-in-spain-by-4-9-billion/ | 2022-05-19T08:42:56Z |
The Philadelphia Flyers placed forward Oskar Lindblom on waivers Tuesday with the intent of buying out the final year of the 25-year-old cancer survivor’s contract.
General manager Chuck Fletcher called it a “very difficult decision” to free up salary cap space by cutting a player who recovered from being diagnosed with Ewing’s sarcoma. The Flyers will donate $100,000 in Lindblom’s name to a Philadelphia organization that supports families impacted by cancer.
“No one can question the desire, will and strength to overcome all that Oskar has been through off the ice in order to return to the game he loves,” Fletcher said in a statement released by the team. “Oskar’s commitment to his teammates and impact in our room has been immeasurable. He is truly an inspiration to us all and he will always remain a special part of the Philadelphia Flyers family. We wish him all the best as he continues his NHL career.”
Unless claimed, Lindblom will become an unrestricted free agent once the NHL’s signing period opens Wednesday. He was entering the final season of a three-year contract, which counted $3 million against Philadelphia’s salary cap.
Ottawa defenseman Michael Del Zotto, New Jersey forward Janne Kuokkanen and San Jose forward Rudolfs Balcers were also placed on waivers for the purpose to buy out the final year of their contracts.
Lindblom is from Sweden and was selected by the Flyers in the fifth round of the 2014 draft, and spent five seasons in Philadelphia. He was diagnosed with cancer in December 2019 and missed the remainder of the season before returning to play Games 6 and 7 in the Flyers’ second-round series loss to the New York Islanders in August, when the Eastern Conference playoffs were played in Toronto due to COVID-19.
Lindblom returned the following season, scoring eight goals and 14 points in 50 games and winning the Bill Masterton Memorial Trophy, which is presented to a player who best embodies the qualities of perseverance, sportsmanship and dedication.
Overall, Lindblom has 50 goals and 97 points in 263 career games.
___
AP Sports Writer Dan Gelston contributed.
___
More AP NHL: https://apnews.com/hub/nhl and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/flyers-waive-lindblom-donate-100k-to-cancer-organization/ | 2022-07-12T21:14:19Z |
NEW YORK, June 14, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Energy Transfer LP (NYSE: ET) alleging that the Company violated federal securities laws.
This lawsuit is on behalf of persons who purchased or otherwise acquired common shares of Energy Transfer stock between April 13, 2017 and December 20, 2021, both dates inclusive.
Lead Plaintiff Deadline: August 2, 2022
No obligation or cost to you.
Learn more about your recoverable losses in ET:
https://www.kleinstocklaw.com/pslra-1/energy-transfer-lp-loss-submission-form-2?id=28446&from=4
Energy Transfer LP NEWS - ET NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Energy Transfer LP made materially false and/or misleading statements and/or failed to disclose that: (a) Energy Transfer had inadequate internal controls and procedures to prevent contractors from engaging in illegal conduct with regards to drilling activities, and/or failed to properly mitigate known issues related to such controls and procedures; (b) Energy Transfer, through its subsidiary Rover Pipeline, LLC, hired a third-party contractor to conduct Horizontal Directional Drilling Activities for the Rover Pipeline Project, whose conduct of adding illegal additives in the drilling mud caused severe pollution near the Tuscarawas River when a large inadvertent release took place on April 13, 2017; (c) Energy Transfer continually downplayed its potential civil liabilities when the Federal Energy Regulatory Commission ("FERC") was actively investigating the Energy Transfer's wrongdoing related to the April 13 release and consistently provided it with updated information about FERC's findings on this matter.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Energy Transfer you have until August 2, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Energy Transfer securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the ET lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/energy-transfer-lp-loss-submission-form-2?id=28446&from=4.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
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SOURCE The Klein Law Firm | https://www.kxii.com/prnewswire/2022/06/14/et-alert-klein-law-firm-announces-lead-plaintiff-deadline-august-2-2022-class-action-filed-behalf-energy-transfer-lp-shareholders/ | 2022-06-14T11:17:09Z |
Yellen tells IRS to develop modernization plan in 6 months
WASHINGTON (AP) — Now that President Joe Biden signed Democrats’ expansive climate, tax and health care bill into law, Treasury Secretary Janet Yellen has directed the IRS to develop a plan within six months outlining how the tax agency will overhaul its technology, customer service and hiring processes.
In part, the improvements are meant to “end the two-tiered tax system, where most Americans pay what they owe, but those at the top of the distribution often do not,” Yellen said in a Tuesday memo to IRS Commissioner Chuck Rettig, whose term ends in three months.
Yellen’s memo, obtained by The Associated Press, outlines the importance of modernizing IRS computer systems and ensuring the agency has an adequately-staffed workforce now that the tax collector is set to receive nearly $80 billion over the next 10 years.
That funding is needed for more than technology. At least 50,000 IRS employees are expected to retire over the next five years.
Yellen has called for the IRS to “fully resolve the inventory backlog and make significant improvements in taxpayer services,” “to overhaul an information technology system that is decades out of date” and invest and train employees “so they can identify the most complex evasion schemes by those at the top.”
This year’s tax season resulted in the worst backlog in history for the beleaguered IRS, which has also been tasked with administering pandemic related programs, including sending out stimulus checks, emergency rental assistance and advance child tax credit checks.
In its June report to Congress, the National Taxpayer Advocate, an independent watchdog within the IRS, also said taxpayers have experienced longer wait times on the telephone, and delays in processing paper returns have been running six months to one year.
Additional funding for the agency has been politically controversial since 2013, when the IRS under the Obama administration was found to scrutinize political groups that applied for tax-exempt status.
A Treasury Department Inspector General report found that both conservative and liberal groups were chosen for scrutiny.
Most recently, Republican politicians and candidates have distorted how the climate, tax and healthcare bill would reform the IRS and affect taxes for the middle class.
House Minority Leader Kevin McCarthy (R-Calif.) last week tweeted that “Democrats’ new army of 87,000 IRS agents will be coming for you -- with 710,000 new audits for Americans who earn less than $75k.”
Yellen last week sent instructions to IRS leadership not to increase audit rates on Americans making under $400,000 a year annually.
“Instead, enforcement resources will focus on high-end noncompliance,” she said in her Aug. 11 guidance. “There, sustained, multi-year funding is so critical to the agency’s ability to make the investments needed to pursue a robust attack on the tax gap.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/08/17/yellen-tells-irs-develop-modernization-plan-6-months/ | 2022-08-17T16:38:00Z |
AUSTIN, Texas , Aug. 29, 2022 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced that its board of directors has increased the authorization for the repurchase of the company's common stock by $200 million. Originally announced on July 27, 2022, the stock repurchase program is now authorized for a total of $450 million.
Silicon Labs
Silicon Labs (NASDAQ: SLAB) is a leader in secure, intelligent wireless technology for a more connected world. Our integrated hardware and software platform, intuitive development tools, thriving ecosystem, and robust support make us an ideal long-term partner in building advanced industrial, commercial, home and life applications. We make it easy for developers to solve complex wireless challenges throughout the product lifecycle and get to market quickly with innovative solutions that transform industries, grow economies, and improve lives. silabs.com
Note to editors: Silicon Laboratories, Silicon Labs, the "S" symbol, the Silicon Laboratories logo and the Silicon Labs logo are trademarks of Silicon Laboratories Inc. All other product names noted herein may be trademarks of their respective holders.
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SOURCE Silicon Labs | https://www.kxii.com/prnewswire/2022/08/29/silicon-labs-board-directors-authorizes-additional-200-million-share-repurchase/ | 2022-08-29T11:30:54Z |
NEW YORK, July 25, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SNAP, SIGA, SNDL, GE, and MARA.
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
- SNAP: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=SNAP&prnumber=072520226
- SIGA: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=SIGA&prnumber=072520226
- SNDL: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=SNDL&prnumber=072520226
- GE: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=GE&prnumber=072520226
- MARA: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=MARA&prnumber=072520226
(Note: You may have to copy this link into your browser then press the [ENTER] key.)
InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.
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SOURCE InvestorsObserver | https://www.mysuncoast.com/prnewswire/2022/07/25/thinking-about-buying-stock-snap-siga-technologies-sundial-growers-general-electric-or-marathon-digital/ | 2022-07-25T17:12:28Z |
SEOUL, South Korea and BETHESDA, Md. , May 31, 2022 /PRNewswire/ -- Mezzion Pharma Co., Ltd. (Mezzion Pharma) met with the FDA Division of Cardiology and Nephrology (DCN) on Friday, May 27th to discuss with the FDA the path forward for the regulatory approval of udenafil for the treatment of single ventricle heart disease (SVHD) in children with Fontan physiology. More specifically, Mezzion sought clarity on the critical elements of an additional clinical trial that may be needed to complete the NDA submission.
The FDA responded to the Meeting Background Package that was submitted by Mezzion to DCN with detailed advice and direction for the path forward for an FDA approval. Specifically, only one new clinical trial, FUEL-2, will be needed. FUEL-2 will be similar to the previously completed FUEL-1 trial (Double-Blind, Placebo Controlled Safety and Efficacy Trial) in the adolescent and young adult population. The primary difference in FUEL-2 will be the exclusion of 'Super Fontan' patients with peak VO₂ ≥ 80% of predicted to avoid de-enriching the FUEL-2 study population. We learned from FUEL-1 that 'Super Fontan" patients are at near-maximum physiologic value and, thus, their peak VO2 cannot be meaningfully further improved. We therefore learned from FUEL-1 that, when the 'Super Fontan' patients were excluded (n=300) from the FUEL-1 study population, the subgroup met both the primary (p-value=0.023) and secondary endpoints. We are therefore confident that we will achieve similar statistical significance for the primary and secondary endpoints in FUEL-2 with an enriched target population.
If the additional new trial meets statistical significance on the primary endpoint, then FDA agreed that it will be considered a positive trial and sufficient for approval. The FDA also advised that meeting statistical significance on the secondary endpoints, while enhancing the potential labeling for the product, would not be a prerequisite for approval. Mezzion anticipates enrolling the first patient within the next few months.
The FDA agreed with Mezzion regarding the specific primary and secondary endpoints to use for the measurement of function capacity in trial subjects in the new trial, FUEL-2, and further agreed that the protocol for this new trial would be reviewed by DCN under a Special Protocol Assessment.
About the Fontan Procedure and Subsequent Expectations
The Fontan procedure is a surgical intervention that allows for the survival of children born with congenital heart disease characterized by only a single functional pumping chamber. This procedure consists of re-configuring the circulation to allow the single ventricle to pump blood to the body while connecting the great veins directly to the arteries that bring blood to the lungs. In this "Fontan circulation" the blood returning from the body bypasses the heart and travels to the lungs without the assistance of a dedicated right ventricle pumping chamber. The goal of the Fontan procedure is to separate the systemic and pulmonary circulations and to improve oxygen levels by redirecting venous blood directly to the lungs.
While the Fontan procedure creates a stable circulation, the risk of hospitalization and cardiac death rises significantly in the second and third decades after Fontan completion, a risk that is associated with a decline in exercise capacity. The Fontan circulation is also associated with non-cardiac complications such as protein-losing enteropathy, plastic bronchitis, and liver failure, all of which can be attributed to a chronic elevation in central venous pressure and a chronically reduced cardiac output. For all of these reasons, a 35-year-old patient who has gone through Fontan palliation has the approximate life expectancy of a 75-year-old with normal, but serious age-advanced, cardiac physiology.
Mezzion Pharma Co., Ltd.
Mezzion Pharma Co., Ltd. is headquartered in Korea. Mezzion and its wholly owned subsidiary, Mezzion Pharmaceuticals, Inc., have administrative offices in Deerfield, Illinois and Boca Raton, Florida. Mezzion Pharma is an innovation-driven pharmaceutical company that is focused on discovering, developing, and commercializing novel therapeutics in the field of rare pediatric diseases. Mezzion Pharma is a publicly-listed pharmaceutical company in Korea on the Korean stock exchange under (140410:KOSDAQ).
Forward-Looking Statements
Statements contained in this press release regarding matters that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Such statements include, but are not limited to, statements regarding: Mezzion Pharma's expectations regarding the potential benefits of udenafil; Mezzion Pharma's expectations regarding the anticipated timing of any future clinical trials; Mezzion Pharma's expectations on regulatory submissions for marketing approval of udenafil for the treatment of patients that have undergone the Fontan operation, to improve exercise capacity in the United States, including the timing of these submissions; and Mezzion Pharma's expectations regarding the potential commercial launch of udenafil, including the timing of a potential approval of udenafil. Risks and uncertainties that contribute to the uncertain nature of the forward-looking statements include: the expectation that Mezzion Pharma will need additional funds to finance its operations; Mezzion Pharma's or any of its collaborative partners' ability to initiate and/or complete clinical trials; the unpredictability of the regulatory process; the possibility that Mezzion Pharma's or any of its clinical trials will not be successful; Mezzion Pharma's dependence on the success of udenafil; Mezzion Pharma's reliance on third parties for the manufacture of Mezzion Pharma's udenafil and udenafil tablets; possible regulatory developments in the United States and foreign countries; and Mezzion Pharma's ability to attract and retain senior management personnel.
These and other risks and uncertainties are described more fully in Mezzion Pharma's most recent filings with the Statements under the Private Securities Litigation Reform Act: with the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to FDA review and approval, product development and acceptance, manufacturing, competition, and/or other factors, which are outside the control of Mezzion Pharma. All forward-looking statements contained in this press release speak only as of the date on which they were made. Mezzion undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.
Contact:
Dr. James Yeager, Deerfield, Illinois, USA, Tel: +1-847-2122679
Email: james.yeager@mezzion.com
Mr. S.I. Noh, Seoul, Korea, Tel: +82 2 560 8000
Email: 09428lgtokyo@mezzion.co.kr
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SOURCE Mezzion Pharma Co. Ltd. | https://www.mysuncoast.com/prnewswire/2022/05/31/mezzion-pharma-receives-clear-fda-path-forward-approval-udenafil-single-ventricle-heart-disease/ | 2022-05-31T16:46:09Z |
DALLAS (KDAF) — Let’s gather ’round the campfire and sing our campfire song… our C-A-M-P-F-I-R-E S-O-N-G song! There’s no better treat to accompany your campfire than smores, however, it’s the middle of the summer and the temperatures aren’t very inviting for a campfire.
What to do, what to do? Well, first off, it’s National S’mores Day on August 10! National Today says, “Originating right here in the U.S.A., the s’more has us salivating in anticipation of smashing those tasty toasted marshmallows with a slab of chocolate between two graham crackers. Read on for the latest trends in s’more-making and try a new twist on an old favorite tonight.”
So, we know that unless you’re out camping you might not want to get a campfire rolling to get your smores on, so, we want you to get out and about in Dallas to find the best! We checked out Yelp’s list of the best spots around town to get smores:
- Halcyon – Lower Greenville
- Mallow Box – North Dallas
- rise n°1
- The Fireplace Lounge
- Reverie Bakeshop – North Dallas
- Sip Stir Coffee House – Uptown
- The Porch – Lower Greenville
- Cinnaholic
- Simply Fondue – Lower Greenville
- Eight 11 | https://cw33.com/lifestyle/food-and-drink/no-campfire-no-worries-these-are-the-top-spots-for-smores-around-dallas/ | 2022-08-10T16:12:37Z |
SAN MATEO, Calif., June 8, 2022 /PRNewswire/ -- Coupa Software (NASDAQ: COUP), a leader in Business Spend Management (BSM), today announced that Kanika Soni has been elected to its Board of Directors.
Soni currently serves as the Chief Commercial Officer at Tripadvisor, with prior leadership roles at The Walt Disney Company, Tesla Motors, Gilt Groupe, and McKinsey & Company.
"We're excited to welcome Kanika to Coupa's Board of Directors," said Rob Bernshteyn, Coupa's chairman and CEO. "Her broad strategic and operational experience will benefit our company's continued innovation agenda in the market. I'm looking forward to engaging with her as we take our strategic vision of amplifying community value to new heights."
"I'm excited to be part of the Coupa Board and the strong global community they've built," Soni said. "Coupa's core value of ensuring customer success is a value around which I've built my career. I'm looking forward to engaging with the team and seeing what we can achieve together."
About Kanika Soni
A results-driven executive with a focus on growth and transformation, Kanika Soni has 20 years of management experience at some industry-leading brands. In her current role as Chief Commercial Officer at Tripadvisor, she leads the Sales, Product, and Marketing efforts across the B2B businesses, including Hotels Meta Auction, Hospitality Solutions, and Media Solutions & Advertising.
Kanika started her career as a consultant at McKinsey & Company, and then took on management roles at Gilt, Disney, and Tesla — taking each one a major step forward through digital innovation.
She holds an MBA from the University of Chicago Booth School of Business and a Bachelor's degree in Business Administration from Delhi.
About Coupa
Coupa is the cloud-based Business Spend Management (BSM) platform that unifies processes across supply chain, procurement, and finance functions. Coupa empowers organizations around the world to maximize value and operationalize purpose through their business spend. Learn more at coupa.com and follow us on LinkedIn and Twitter.
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SOURCE Coupa Software | https://www.mysuncoast.com/prnewswire/2022/06/08/coupa-welcomes-kanika-soni-its-board-directors/ | 2022-06-08T13:46:07Z |
SAN FRANCISCO, Sept. 2, 2022 /PRNewswire/ -- Sinn Féin Leader Mary Lou McDonald is travelling to California this weekend for a series of engagements. During the visit, she will brief Governor Newsom, Speaker of the US House of Representatives Nancy Pelosi, and a number of state and congressional representatives including Congressman Mike Thompson, Assembly member James Gallagher and Ambassador Eleni Kounalakis the first woman elected Lieutenant Governor of California with responsibility for International Affairs and Trade. She will be meeting with senior global executives from several US companies including Google and Salesforce and address business leaders at an event hosted by the Bay Area Council. She will also meet with Irish Consul General Micheál Smith with Tourism Ireland, Enterprise Ireland, and the IDA.
She will address the Labor Day breakfast organised by the San Francisco Labor Council and attend a number of Irish Community events in Pairc na nGael and the United Ireland Cultural Centre. She will deliver a keynote address in the University of San Francisco on Wednesday evening.
Ms McDonald said:
"I am travelling to California later this week and I look forward to meeting with political representatives, business leaders, trade unions and the Irish community.
"While we are dealing with many challenges, this is a time of real hope and opportunity in Ireland. The social and economic opportunities are immense and we want to see them realised. This requires planning and preparation, something which the current FF/FG government are completely failing to do. That is why we have a generation being left behind, a generation who will be worse off than their parents and locked out opportunity and home ownership. This cannot go on – we need change, we need progress, we need opportunity. We need our young people to have a stake in the future, a future in Ireland.
"We are approaching the 25th anniversary of the Good Friday Agreement, an agreement that shows what can be achieved when people come together in common purpose. 25 years on we are now beginning to write the next chapter in Ireland's story – the re-unification of Ireland. The role of the US in securing the Good Friday Agreement was critical and their voice will be just as important as we move towards referenda on Irish unity.
"But as we look to the future we are dealing with huge challenges globally and in Ireland. The ongoing war in Ukraine, a cost of living crisis, the fallout of a toxic Brexit, a very real and present climate emergency and a full out attack on the Good Friday Agreement from a British Tory party in internal disarray. As they elect a new leader in the coming days we need to see a change of direction. We need to see a recommitment to the Good Friday Agreement, real support for the restoration of the political institutions and an end to game playing around the Irish protocol and the unilateral actions of the British Government.
And voices in Ireland and the US could not be more unified in making it clear to Britain that this needs to happen.
"My message on this trip is about change, opportunity and working together in common cause and that is what I'm committed to delivering."
Mary Lou McDonald will deliver a keynote address in the University of San Francisco at 7pm on Wednesday on the topic of "A Decade of Opportunity: Building a New and United Ireland - An Evening with Mary Lou McDonald" The event will be live streamed.
Contact: Siobhán Fenton
Sinn Féin Press Office
siobhan.fenton@sinnfein.ie
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SOURCE Platinum Advisors DC on Behalf of Mary Lou McDonald | https://www.wibw.com/prnewswire/2022/09/02/mary-lou-mcdonald-meet-political-business-leaders-california-visit/ | 2022-09-02T20:13:11Z |
(The Hill) — As Americans start a third summer living amid the specter of the coronavirus, their attitude to the pandemic has shifted.
Even as infections rise to levels that are four to five times higher than the same point last year, the push for normalcy is winning out.
Experts say it’s not surprising; because of widespread vaccinations and treatments available, many people no longer see the virus as the threat it once was.
“We have seen that for many individuals who are not at extremely high risk for severe outcomes, and who are vaccinated and boosted, that COVID has morphed from a really serious threat to someone’s health and morbidity and mortality to a cold that we deal with and can recover from,” said Keri Althoff, an epidemiologist at the Johns Hopkins Bloomberg School of Public Health.
“And, you know, the truth of the matter is, this was a part of our goal to work up to … our population-level immunity,” Althoff said.
A year ago, there was widespread optimism as cases were so low that the virus seemed on the verge of being defeated. Yet mitigation measures, namely masks and vaccination requirements, remained in place.
Now, almost all masks or vaccine requirements have been deliberately abandoned or overturned in court. The U.S. is averaging about 100,000 new cases every day, but movie studios are releasing summer blockbusters to packed theaters, families are celebrating weddings, and bars and restaurants are full.
Living with the threat of a COVID-19 infection has become the new normal for Americans who are ready to move on.
“People are tired of the changes that they’ve had to make to their lives related to COVID-19 and so eager to get back to normal,” said Mercedes Carnethon, an epidemiologist at the Northwestern University Feinberg School of Medicine.
“And what they’ve seen with increased experience, two-plus years into the pandemic is that, if they know people who’ve had COVID-19, most of them—and this ignores a million people who have died—but most of them have recovered,” Carnethon said.
Hospitalizations stand at about 3,500 per day, and deaths are hovering around 300 per day. They are higher than last summer, but also relatively low compared to the omicron surge in January.
“While those numbers remain higher than I’d like them to be, they’re lower than … what we’ve seen before with cases and hospitalizations and deaths,” Centers for Disease Control and Prevention Director Rochelle Walensky said during a June 1 interview with NPR.
“And that’s because we have the tools now to conquer this with regard to both vaccination, boosting and our antivirals,” Walensky said.
Walensky noted that about 55 percent of the population is living in an area with either medium or high transmission, and about 23 percent are living in an area of high transmission.
The dominant variants circulating currently are the most infectious yet, and new research increasingly shows that prior infection will not provide lasting protection against the newer strains.
“We really would encourage people who are in these areas of high COVID-19 community levels to continue to wear masks in public indoor settings to prevent transmission,” Walensky said.
Even as many in the country look to regain a sense of normalcy this summer, not everyone is on equal footing.
“There is nothing wrong with operating in that manner and acknowledging that you or your family’s personal risk is low. However, there are individuals who are in those settings because they have to be,” Carnethon said.
Millions of people are still vulnerable, particularly racial minorities and low-income populations who don’t have the luxury of working from home or avoiding public transportation.
“I think it’s very easy to ignore those populations and say, well, I’ll be fine. My family will be fine … because we don’t have leaders who are able to articulate the pain and loss that, for example, Native communities have faced, that Black communities have faced,” Carnethon said.
According to Althoff, the only way to succeed in a “new normal” is to make sure the people who were disproportionately impacted by the virus don’t continue to fall through the cracks.
“This isn’t a time to quit and scale back and take a vacation from COVID. This is the time to make sure that we’ve learned from what’s happened … to continue to move forward with our lives while reducing the risk of hospitalization and death. And that takes individual-level decision making and it takes policy,” Althoff said.
For example, the Biden administration is rolling out thousands of new federally-supported “test to treat” sites nationwide, where patients can get tested and prescribed Paxlovid or molnupiravir by a health provider on the spot.
Infectious disease experts have said “test to treat” sites can be an important tool to help make treatments more accessible, but authorities need to do a better job ensuring they are accessible to everyone.
“I don’t quibble with the messaging that we need to return to normal, but we cannot pretend that everyone can live a pre-pandemic life. We need to remain respectful of the severe threat that COVID-19 continues to pose to a subset of people in our community,” Carnethon said. | https://cw33.com/news/nexstar-media-wire/push-for-normalcy-wins-out-in-covid-wars/ | 2022-06-06T13:38:23Z |
The Company Reports A Net Profit Of Approximately $1.2 Million For The First Quarter
And A 41% Increase In Revenue Compared To The Same Period Last Year
IDAHO FALLS, Idaho, May 17, 2022 /PRNewswire/ -- International Isotopes Inc. (OTCQB: INIS) (the "Company") is pleased to announce its financial results for the three months ended March 31, 2022.
Revenue for the three months ended March 31, 2022 was $2,807,441 as compared to $1,992,512 for the same period in 2021, an overall increase of approximately 41%. This increase in revenue was the result of increased revenue in our radiochemical and cobalt segments. Our net income for the three months ended March 31, 2022, was $1,255,045, compared to net loss of $601,152, for the same period in 2021. This increase in income was the result of increases in revenue in our radiochemical and cobalt product segments, and a gain on the sale of assets previously described in an Asset Purchase Agreement with Pharmalogic Idaho, LLC.
Revenue from the sale of radiochemical products for the three months ended March 31, 2022 increased approximately 146% compared to the same period in 2021. The increase was the result of growing our customer base, and taking advantage of additional sales opportunities resulting from a supply interruption for radiochemical I-131. We expect to see steady continued growth in this segment for the remainder of the year, but at a pace slower than that observed in the first quarter.
Revenue from the sale of cobalt products for the three months ended March 31, 2022 increased approximately 45% compared to the same period in 2021. The increase was primarily due to the timing of cobalt sealed source manufacturing sales, and an increase in the availability of cobalt from the Department of Energy. We expect to continue to have ample cobalt material availability which should facilitate robust cobalt product sales for the remainder of 2022.
Revenue from nuclear medicine products for the three months ended March 31, 2022, decreased approximately 11% compared to the same period in 2021. We believe that COVID-19 continued to have an adverse impact of upon our customers during the first three months of 2022. As the year progresses, we are optimistic that this negative impact will diminish. We are also taking positive steps to strengthen the Company's marketing of RadQual products by expanding sales staff and marketing efforts throughout our product lines. We will also continue to expand the range of RadQual products, and explore new markets for sealed source sales.
Steve Laflin, President and CEO of the Company, said, "We are pleased to report strong financial performance in our first quarter. There are continuing positive signs of increased market share, and improving margins, in both Radiochemical and Cobalt Product segments. We believe that as the negative impact of COVID-19 diminishes, we will see a rebound in sales of Nuclear Medicine Reference and Calibration Standards. In addition, we are taking aggressive steps to further expand our RadQual product line, and to supplant our marketing and sales efforts both domestically and internationally. Our financial performance in the first quarter, enhanced by the asset sales agreement with Pharmalogic, has put the Company in what could be considered the best overall financial condition we have seen in the history of the Company. We expect to continue to see significant positive changes in our balance sheet during the course of the year, and plan to use this financial position to leverage additional new business opportunities."
International Isotopes Inc. manufactures a wide range of calibration and reference standards for nuclear medicine, generic sodium iodide I-131 drug product for hyperthyroidism and thyroid cancer, Cobalt-60 sealed source products, and provides a contract manufacturing of various drug products for clients.
Certain statements in this press release are "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, including statements with respect to the impact of COVID-19, the availability of cobalt and sales, future revenue growth predictions for the Radiochemical segment, and all statements regarding management's expectations for future performance of the Company. Information contained in such forward-looking statements is based on current expectations and is subject to change. These statements involve a number of risks, uncertainties and other factors that could cause actual results, performance or achievements of International Isotopes Inc. to be materially different from any future results, performance or achievements of the Company expressed or implied by these forward-looking statements. Other factors, which could materially affect such forward-looking statements, can be found in the Company's filings with the Securities and Exchange Commission at www.sec.gov, including its Annual Report on Form 10-K for the year ended December 31, 2021. Investors, potential investors, and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and International Isotopes, Inc. and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
FOR MORE INFORMATION, CONTACT:
David Drewitz
Creative Options Communications
Investor and Public Relations
david@creativeoptionscommunications.com
www.creativeoptionsmarketing.com
Phone: 972-814-5723
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SOURCE International Isotopes Inc. | https://www.wibw.com/prnewswire/2022/05/17/international-isotopes-inc-announces-financial-results-first-quarter-2022/ | 2022-05-17T15:13:59Z |
2 Neosho Co. water systems placed under Boil Advisory
NEOSHO CO., Kan. (WIBW) - The City of Thayer and Coal Hollow Water Company public water systems in Neosho Co. have been placed under a Boil Water Advisory.
The Kansas Department of Health and Environment says on Monday, June 20, it issued a boil water advisory for the City of Thayer public water supply system in Neosho Co. It said the advisory also affects the Coal Hollow Water Company public water supply system.
KDHE said customers in the affected area should take the following steps:
- If tap water appears dirty, flush the water lines by letting the water run until it clears
- Boil water for one minute before drinking or food preparation or use bottled water
- Dispose of ice cubes and do not use ice from household automatic icemakers
- Disinfect dishes and other food contact surfaces by immersion for at least one minute in clean tap water which contains 1 tsp. of unscented household bleach per gallon of water
- Water used for bathing does not generally need to be boiled, however, children should be supervised to see the water is not ingested. Those with cuts or severe rashes should talk to their doctors.
The KDHE noted the advisory will remain in effect until the conditions which placed the system at risk of bacterial contamination are resolved.
Officials indicated they issued the advisory due to a loss of pressure in the distribution systems caused by a water line break. They said failure to maintain water pressure could lead to a loss of chlorine residuals and bacterial contamination.
Regardless of whether a public water supplier or the KDHE announces the advisory, the Department said it is the only entity that can rescind the order after testing at a certified laboratory.
For questions, call the water system or KDHE at 785-296-5514.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/06/20/2-neosho-co-water-systems-placed-under-boil-advisory/ | 2022-06-20T20:32:18Z |
Unrestrained infant dies after falling from vehicle, being run over, police say
WOODBRIDGE, Va. (Gray News) - Police are investigating the death of a small child in Virginia after investigators said she was run over by the vehicle she had been sitting in.
The Prince William County Police Department said its Crash Investigation Unit responded to the scene on Sunday in Woodbridge to find a 10-month-old girl with a serious head injury.
The girl, who was from Hyattsville, Maryland, was rushed to a nearby hospital where she died from her injuries later in the day.
Investigators said they believe the driver had placed the infant unrestrained in the back seat of a Toyota Highlander before driving to a nearby dumpster.
The 35-year-old driver went to pick up additional family members at a home, but when one of the relatives opened the back door, the child fell out of the vehicle, authorities said.
Police said the driver immediately got out of the vehicle while the SUV’s transmission was still in drive, causing it to roll over the child.
The driver hasn’t been charged as of Monday morning, and the police department said the case remains under investigation.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/06/13/unrestrained-infant-dies-after-falling-vehicle-being-run-over-police-say/ | 2022-06-13T16:01:29Z |
LONDON and CHARLOTTE, N.C., July 19, 2022 /PRNewswire/ -- Integreon, a trusted global managed services and alternative legal services provider (ALSP), announced today that it has further enhanced its Contracts, Compliance, and Commercial, Services business unit capabilities with the addition of Diane Homolak as the company's new Vice President of Technology Solutions.
Based in Cleveland, OH, Homolak has three decades of diverse legal experience which will support both clients and services teams in applying technology to challenges in today's legal landscape. Homolak brings a wide array of expertise in legal technology to Integreon, spanning contract management, process automation, AI extraction, negotiation support, and reporting.
"Integreon's strength is in its proven ability to step into any legal technology environment and successfully provide services that optimize that space and employ the best market technology options for enhancing processes and delivery value," said Homolak. "I look forward to helping our clients get the most out of their systems with enabling technology from the vendors and partners best positioned to serve them."
Prior to joining Integreon, Homolak was Vice President for Legal Technology at UnitedLex, where she worked with global clients to define and implement technology for managed services environments. Her past experience also includes roles as an in-house manager for Global Legal Innovation and Strategic solutions at Hewlett-Packard Enterprise and Managing Counsel for HP's manufacturing industry vertical.
"We are pleased to welcome Diane as the latest member of our team," said Gabriel Buigas, Executive Vice President & leader of the Contracts, Compliance, and Commercial Services business unit at Integreon. "With her vast knowledge of legal technology and decades of impressive work in the industry, she will further strengthen our culture of innovation as well as aid clients in understanding the technological tools which can address their needs and drive key business outcomes."
Homolak was the first woman to chair the Board of Directors for the World Commerce and Contracting Association (previously IACCM), a position she served in for 6 years. She holds a JD from Cleveland State and an MBA and bachelor's degree in Economics from Ohio University. Homolak also holds a certificate in Blockchain Strategy from the University of Oxford Saïd Business School along with PMP credentials from the Project Management Institute.
On August 24, Homolak will be speaking at the Legal Innovators Network's (LINK) virtual event: Contracting Analytics: Extracting Data from Your Contracts to Enable Business Decisions.
Integreon is the trusted, global provider of legal and business outsourced services to corporations and law firms seeking to expand their capabilities and transform their performance. The company's 3,500+ professionals provide expert support across a range of managed services—from legal and regulatory to creative design, content delivery and administrative support. With global delivery centers on three continents, Integreon delivers round-the-clock service in 50+ languages and is deeply committed to client success, consistently delivering innovative, tech-enabled solutions that improve agility and efficiency to drive business performance. Integreon is owned by EagleTree Capital, a leading New York-based private equity firm that has invested approximately $2.7 billion of equity capital since inception.
For more information about Integreon's range of services, email info@integreon.com, visit www.integreon.com and follow Integreon at LinkedIn, Twitter and Facebook.
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SOURCE Integreon | https://www.mysuncoast.com/prnewswire/2022/07/19/integreon-reinforces-culture-innovation-with-appointment-new-vice-president-legal-technology-solutions/ | 2022-07-19T15:06:14Z |
Honeywell's enterprise performance management solution also named Best Emerging Technology
ATLANTA, June 30, 2022 /PRNewswire/ -- Honeywell (NASDAQ: HON) announced today that Honeywell Forge has been named Best Overall Business Technology Solution and Best Emerging Technology of 2022 as part of the annual SIIA CODiE™ Awards. The CODiE Awards recognize companies producing the most innovative business technology products across the country and around the world.
"Honeywell is honored to win these prestigious CODiE Awards, particularly as they are peer-reviewed," said David Trice, chief product officer and general manager, Honeywell Connected Enterprise. "These two awards attest to the innovative digital solutions and actionable insights that Honeywell Forge offers customers to improve the efficiency, effectiveness and safety of their businesses."
The Software & Information Industry Association (SIIA), the principal trade association for the software and digital content industries, presented 45 awards this year for products and services deployed specifically for B2B software, information and media companies. Honeywell Forge won two awards – Best Overall Business Technology Solution and Best Emerging Technology.
Honeywell Forge is an enterprise performance management solution and suite of applications that unites real-time data across assets, people and processes into a system of record for a comprehensive view that transforms and drives intelligent operations. Using domain-specific AI/ML based upon decades of industrial expertise, it is designed to help empower decision making, surface inefficiencies, mitigate risk and reduce cost.
"Even during these tumultuous times, business application, software, service and product providers continued the industry's long tradition of developing and marketing innovative solutions to meet business needs," said SIIA President Jeff Joseph. "We are proud to recognize this year's class of CODiE Award winners. They truly represent the best of the best in a highly-competitive and ever-evolving market."
Acknowledged as the premier awards program for the software and information industries for over 35 years, the CODiE Awards are produced by SIIA as the industry's only peer-reviewed awards program. The first-round review of all nominees is conducted by software and business technology experts with considerable industry expertise, including analysts, media, bloggers, bankers and investors. Scores from the expert judge review determine the finalists. SIIA members then vote on the finalist products, and the scores from both rounds are tabulated to select the winners.
More information about the CODiE Awards is available at: siia.net/CODiE. Details about the winners are listed at https://siia.net/codie/business-technology-winners/.
Learn more about the Honeywell Forge suite on our website, request a demo and follow Honeywell Forge on LinkedIn for the latest news.
About the SIIA CODiE™ Awards
The SIIA CODiE Awards is the only peer-reviewed program to showcase business and education technology's finest products and services. Since 1986, thousands of products, services and solutions have been recognized for achieving excellence. For more information, visit siia.net/CODiE.
SIIA Communications Contact:
jbaranowski@siia.net
About Honeywell:
Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.
Media
Kevin Rainey
(602) 245-7319
Kevin.Rainey@honeywell.com
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SOURCE Honeywell | https://www.kxii.com/prnewswire/2022/06/30/honeywell-forge-recognized-by-siia-best-overall-business-solution-2022-codie-awards/ | 2022-06-30T18:48:47Z |
Multiple people hurt in Memphis hospital shooting, police say
Published: Aug. 16, 2022 at 6:50 AM EDT|Updated: 14 minutes ago
MEMPHIS, Tenn. (WMC/Gray News) - Multiple people were injured overnight after a shooting at a Memphis hospital.
Memphis Police Department confirmed the shooting happened at Methodist North Hospital on Covington Pike around 12:47 a.m. Tuesday. It is unclear if it happened inside or outside the hospital.
Dispatch also couldn’t specify how many victims were shot.
A vehicle was seen at the hospital riddled with bullet holes.
Other media reports indicate that a second crime scene was at a gas station, where a rifle could be seen on the ground, the Associated Press reported.
No suspect information is available at this time.
Copyright 2022 WMC via Gray Media Group, Inc. All rights reserved. The Associated Press contributed to this report. | https://www.mysuncoast.com/2022/08/16/multiple-people-hurt-memphis-hospital-shooting-police-say/ | 2022-08-16T11:04:54Z |
SAN DIEGO, April 30, 2022 /PRNewswire/ -- CureScience™ Institute, a San Diego, California based non-profit 501(c)(3) dedicated to accelerating cures based on a combination of diagnostic, immunological and regenerative approaches, proudly announce that Prof. Igor Tsigelny, who recently joined CureScience™, will initiate an educational program in bio-informatics for undergraduate and high-school students. His long-time collaborator Prof. Valentina Kouznetsova will join him. The Summer Scholars Program (SSP) invites students with a strong interest in science to spend eight weeks at CureScience™ Institute.
Students will be exposed to "hands-on" experience with CureScience scientists to conduct original, innovative research projects in areas such as: cancer biology, drug design, computational biology, infectious disease, machine learning and artificial intelligence, and more. In addition to original research, students will get to explore scientific careers.
There can be two levels of applicants: undergraduate students and high-school students. Students must meet the following criteria: 1) be at least arising senior in high school (i.e. students can apply their junior year), 2) attend a high school in the San Diego County area, 3) have earned a B or better in science and math class, 4) must demonstrate excitement for science! The program includes lectures and individual mentoring.
Igor F. Tsigelny is a Research Professor at the Department of Neurosciences of UC San Diego, having long time collaboration with San Diego Supercomputer Center, and Moores Cancer Center,. He is a world-known expert in structural biology, molecular modeling, bioinformatics, using AI for drug design and treatment, and structure-based drug design. He has a Ph. D. from the Academy of Sciences of Ukraine. He was a postdoctoral fellow in the University of California in the laboratory of Susan S. Taylor from 1992–1995. Dr. Tsigelny is the author of over 200 scientific and mentored the UCSD programs for undergraduate and high-school students for several years.
Valentina Kouznetsova is a Research Professor at UCSD (San Diego Supercomputer Center). She studies molecular mechanisms of various diseases including cancer, diabetes, and neurological disorders. She is an expert in computational drug design. She developed drugs for treatment of Parkinson's disease and glioblastoma that were licensed from UCSD and are in development in industry. She is an author of more than 50 scientific papers including publications in Nature and Science series of journals, 3 books, 8 book chapters, and 13 patents.
Media contact:
Lawrence D. Jones, Ph.D.
CureScience™ Institute
(858) 800 CURE (2873)
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SOURCE CureScience Institute | https://www.wibw.com/prnewswire/2022/04/30/curescience-institute-launches-bioinformatics-training/ | 2022-05-01T06:42:41Z |
The $2,000 scholarship was awarded to Clarissa Klein.
SOUTHFIELD, Mich., Aug. 19, 2022 /PRNewswire/ -- Mike Morse Law Firm is proud to announce the winner of the 2022 Winning In The Community Scholarship. The scholarship awards $2,000 annually to a current or prospective college student who has excelled not only in the classroom, but in his or her community.
This year, the firm has selected Clarissa Klein as the recipient of the scholarship. Klein is a graduate student at Saginaw Valley State University, pursuing a master's degree in social work.
"I just wanted to say that I am so excited to have been chosen for this opportunity!" said Klein. "As a social work major, I find it so amazing that the Mike Morse Law Firm takes the time and initiative to better serve their community and I am so thrilled to be involved in this amazing work."
After graduation, Klein plans to work in child welfare and ultimately enter law school to become a child protective lawyer. Clarissa dedicates her time to giving back to the community by participating in annual food drives and volunteering with her National Honor Society Fraternity, Phi Alpha. She is also a member of the Student Social Work Association.
Mike Morse Law Firm is committed to making a difference in the communities it serves. With education being one of the most reliable paths to increased opportunity, Morse is passionate about helping students reach their post-secondary educational goals. Morse also understands that college can place a tremendous financial strain on both students and their families, so he created the Winning In the Community Scholarship to help relieve that stress.
Growing up, Mike's parents taught him the values of charity and public service. He's carried these principles with him throughout his entire life, and he's built the Mike Morse Law Firm to reflect these values.
"'To whom much is given, much is required' was a core value that my dad lived daily as he fought to help people in his law practice and make a difference in his community," said Morse. "So, it was instilled in me very early that I had a responsibility to not only fight for my clients but to help to make the world around me better. Clarissa's community outreach efforts and desire to help others personally and professionally makes her well deserving of this scholarship."
Since 1995, the Mike Morse Law Firm has been protecting the rights of Michigan auto accident and injury victims. They are Michigan's largest personal injury firm, specializing in auto, truck, pedestrian and motorcycle accidents as well as Social Security disability claims. They are experts in Michigan's No-Fault Act. Since opening their doors in 1995, the firm has won over one billion dollars for its clients. Mike Morse Law Firm handles cases throughout the state of Michigan, with a main office in Southfield. To learn more, call (855) 645-3946 or visit www.855mikewins.com.
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SOURCE Mike Morse Law Firm | https://www.kxii.com/prnewswire/2022/08/19/mike-morse-law-firm-selects-winning-community-scholarship-recipient/ | 2022-08-19T12:12:40Z |
SINGAPORE, May 17, 2022 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") a leading manufacturer and distributor of engines for on- and off-road applications in China through its main operating subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), announced today that the city of Macau has begun operating 222 new energy buses equipped with Yuchai's range extenders. More than 600 units of Yuchai's core range extenders have been ordered for the Macau auto market.
Yuchai's range extenders feature the advantages of seamless integration, advanced fuel savings, superior reliability, and high adaptability, which can meet the power demands of different vehicles in various road conditions. Yuchai's YCS04-100kW and YCY24-65kW range extenders used in these buses in Macau are the core range extender products of GYMCL.
The fuel consumption of these buses powered by Yuchai's range extenders is up to 4.20kW·h/L per liter, outperforming similar traditional buses in Macau, with a fuel saving of up to 50% and an annual carbon emission reduction of 50%. Compared with traditional vehicles, a new energy bus with range extenders can save nearly 14.2 tons of fuel per year, and reduce carbon emissions by about 43.8 tons.
The Yuchai core range extenders have won contracts from many first-tier domestic bus producers including Yutong Bus, Suzhou Golden Dragon Bus, and Zhongtong Bus.
Weng Ming Hoh, President of China Yuchai commented, "The congested road conditions in Macau and rapidly rising fuel cost presents an opportunity for our range extenders. We are pleased to win this contract and will continue to introduce new range extender products to offer our customers a choice of "Green" solutions."
About China Yuchai International
China Yuchai International Limited, through its subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), engages in the manufacture, assembly, and sale of a wide variety of light-, medium- and heavy-duty engines for trucks, buses, passenger vehicles, construction equipment, marine and agriculture applications in China. GYMCL also produces diesel power generators. The engines produced by GYMCL range from diesel to natural gas and hybrid engines. Through its regional sales offices and authorized customer service centers, GYMCL distributes its engines directly to auto OEMs and retailers and provides maintenance and retrofitting services throughout China. Founded in 1951, GYMCL has established a reputable brand name, strong research and development team and significant market share in China with high-quality products and reliable after-sales support. In 2021, GYMCL sold 456,791 engines and is recognized as a leading manufacturer and distributor of engines in China. For more information, please visit http://www.cyilimited.com.
Safe Harbor Statement:
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe", "expect", "anticipate", "project", "targets", "optimistic", "confident that", "continue to", "predict", "intend", "aim", "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements including, but not limited to, statements concerning China Yuchai's and the joint venture's operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. China Yuchai cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic and social conditions around the world and in China including those discussed in China Yuchai's Form 20-Fs under the headings "Risk Factors", "Results of Operations" and "Business Overview" and other reports filed with the Securities and Exchange Commission from time to time. Among others, if the COVID-19 pandemic is not effectively and timely controlled, our business operations and financial condition may be materially and adversely affected due to a deteriorating market for automotive sales, an economic slowdown in China and abroad, a potential weakening of the financial condition of our customers, or other factors that we cannot foresee. All forward-looking statements are applicable only as of the date it is made and China Yuchai specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.
For more information:
Investor Relations
Kevin Theiss
Tel: +1-212-510-8922 (new)
Tel: +1-212-521-4050 (old)
Email: cyd@bluefocus.com
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SOURCE China Yuchai International Limited | https://www.kxii.com/prnewswire/2022/05/17/yuchai-range-extenders-powering-222-new-energy-buses-macau/ | 2022-05-17T11:54:37Z |
High school senior shot, killed two weeks before graduation
By WVTM Staff
Click here for updates on this story
BIRMINGHAM, Alabama (WVTM) — An investigation is underway in west Birmingham after a 17-year-old was shot and killed in the Arlington-West End area Monday afternoon.
Birmingham police Sgt. Rodarius Mauldin said an officer from the west precinct was responding to a call when a physical altercation was observed in the parking lot of 1228 Tuscaloosa Ave. South West.
Mauldin said when the officer entered the parking lot, the suspect grabbed a firearm from a car and shot 17-year-old Dwaine Thomas. Thomas was pronounced dead at the scene.
The suspect then fled the scene in a small blue sedan. A pursuit took place, but the suspect was able to get away and remains at large as of 10:20 p.m. Monday.
On Tuesday, Birmingham police said a person of interest was being questioned, but no further details were released. It’s unclear if that person was the suspect police pursued on Monday.
Mauldin said the preliminary investigation indicates Thomas and the suspect were involved in a physical altercation before the fight escalated to gunfire. Mauldin said people stood by and recorded the situation.
Birmingham City Schools Superintendent Dr. Mark Sullivan released the following statement on the death of the senior Carver High School student who was set to graduate in a couple of weeks:
“We have suffered the tragic loss of a student in Birmingham City Schools, and our hearts are saddened. Dwaine Thomas was a senior at Carver High School. He had already completed his graduation requirements and was scheduled to march in a couple of weeks. Our thoughts and prayers are with Dwaine’s family and his family of teachers and friends at Carver. Grief counselors will be at the school for students and staff today.”
Anyone with any information on this investigation is asked to contact BPD’s Homicide Unit at 205-254-1764 or Crime Stoppers at 205-254-7777. Anonymous tips can also be submitted to Crime Stoppers through the police department’s mobile app.
Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform. | https://localnews8.com/news/2022/05/18/high-school-senior-shot-killed-two-weeks-before-graduation/ | 2022-05-18T23:19:46Z |
squawkbox@albanyherald.com
Great job with the school zone cameras. It wouldn’t hurt my feelings if they were placed all over Albany, not just in school zones. Obey the laws, and you have no worries.
Rev. Warnock may have been raised in public housing on taxpayer’s welfare, but he didn’t stay, he got out and I am all right with that.
Tara Fletcher says abortion stops “unwanted pregnancies.” Unless you’ve been raped or had spontaneous conception, that’s like saying you didn’t want gas in your car after sticking the fuel pump inside. Tara, there are ways to prevent unwanted pregnancies, abstinence and birth control pills are two. Did Mama not have a “birds and bees” talk with you?
Raphael Warnock grew up in a 12-child welfare household. He’s been honing his con artist skills for years, exhorting poor old men and women to hand over their very meager savings as a “sanctified tithe.” Has he ever worked for a living?
Trumpsters, I’m still waiting on examples of left indoctrination and lies and crimes by Biden. Crickets.
You people who talk about how this country favors outlawing abortion: You might, but the overwhelming majority of Americans are in favor of abortion. There just needs to be added language that outlaws late-term abortion.
Is it that people are that ignorant or do they not know how to read? Ms. Fletcher’s column said nothing of condoning abortion or opposing it. It simply pointed out that there are going to be a lot of unwanted children that taxpayers are going to have to take care of once abortion is outlawed. Learn to read.
Both Whispering Pines and Westover are busy streets, and there is no reason for there to be a 25 mph speed limit in front of these schools except for a short period in the morning and afternoon when students are entering or leaving the school.
What’s the big deal? If our treasury is getting low, just print more money.
That clown running for lieutenant governor who said all babies should be carried to term, even if the woman was raped or her life is in danger because “the children shouldn’t pay for the sins of the father” ... You’re an idiot. You discount the women who must carry the babies. I guess women are just vessels put here to suit your needs. What a creep.
Fletcher, looks like you riled up one of these “Delta is ready when you are” goobers who talk big but never act. They all say, “I’ll be glad to contribute to your ticket out of town,” but all they do is talk. (Those folks in Tifton, though, they obviously meant business. Don’t mess with Munson.)
Biden’s lying. The deficit is down, but not because of anything Biden has done. And any deficit translates directly into a debt that will have to be paid by the taxpayer. But you can’t expect a fake like YT to be able to even begin to understand real economics.
Boy, I sure do miss disco dancing and music.
Chuck Schumer says that Republican men have declared war on women because of abortion. Funny thing is, women are the leading activists for pro life. Another example of Democrats being untruthful and out of touch with reality. | https://www.albanyherald.com/features/squawkbox/article_780de25c-d063-11ec-b54b-1ffc4e8fe292.html | 2022-05-10T21:08:01Z |
YPSILANTI, Mich., July 18, 2022 /PRNewswire/ -- Professors from Eastern Michigan University's Fermentation Science program are collaborating with Midtown Detroit, Inc and Smith & Co. Detroit along with Nain Rouge Brewery on a Detroit-based training school to offer underrepresented students an opportunity to break into the brewery industry. Participants will have hands-on practical training in skills like brewing, packaging, inventory, canning, and marketing for entry-level positions. The Nain Rouge Brewing School is located at 666 Selden in Detroit.
According to a recent survey conducted by the Brewers Association, 88 percent of the people who own craft breweries are white, while American Indian or Alaska Native make up four percent, Asian and Hispanic both at two percent, and Black brewery owners make up one percent.
EMU professors Cory Emal and Gregg Wilmes jumped at the opportunity of collaborating on the training school because they understand the need for more diversity in the growing field. "The brewing industry has historically been one that hires and trains on an apprenticeship model, and that's a system that, often unintentionally, perpetuates a division between in-groups and out-groups," said Emal.
The school opened with the idea of providing hands-on and cost-effective training. The program combines hands-on brewing in a facility that Midtown Detroit, Inc. funded with support from Invest Detroit and DTE Energy Foundation, master brewer training donated by Smith & Co. Detroit along with Nain Rouge Brewery, and the science training by EMU. Field trips to other local breweries and craft cocktail bars are also part of the program.
Jon Carlson, founding member of 3Mission Partners said, "the ultimate goal is to diversify the beer space and views this as an opportunity to create a pipeline towards employment and entrepreneurship. "We don't want to just create another training facility, but to find someone from Detroit to be the next great brewer that continues to push and explore the craft beer industry," said Carlson.
The partners are also planning to enhance training with weekend home brewers camps for Detroiters who would like additional support to improve their skills or launch a facility.
"We hope that some of these students will choose to attend EMU to seek further education and a deeper understanding of the science of fermentation, but our primary goal with this project is to help provide enhanced opportunities and career prospects for underrepresented groups," said Emal. "By helping to build diversity within this industry and bring attention to the depth of the scientific principles involved in producing beer and other fermented products, we hope to attract more students into this relatively new and uncommon field of study."
The training program, which admits four interested individuals, requires a four-day commitment for 12-weeks. Midtown Detroit, Inc. is accepting applications in July for the next class of four beginning in September. Individuals only need a high school degree or GED to participate.
About Eastern Michigan University
Founded in 1849, Eastern is the second oldest public university in Michigan. It currently serves more than 15,000 students pursuing undergraduate, graduate, specialist, doctoral and certificate degrees in the arts, sciences and professions. In all, more than 300 majors, minors and concentrations are delivered through the University's Colleges of Arts and Sciences; Business; Education; Engineering and Technology; Health and Human Services; and its graduate school. National publications regularly recognize EMU for its excellence, diversity, and commitment to applied education. For more information about Eastern Michigan University, visit the University's website. To stay up-to-date on University news, activities and announcements, visit EMU Today.
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SOURCE Eastern Michigan University | https://www.mysuncoast.com/prnewswire/2022/07/18/eastern-michigan-university-is-part-collaboration-help-diversify-growing-brewery-industry/ | 2022-07-18T16:10:24Z |
– Global Commercial Executive Brings 20 Years of Sales and Marketing Expertise –
– Jan Van den Bossche Steps Down from Board After Six Year Tenure –
NEW YORK , July 6, 2022 /PRNewswire/ -- Immunic, Inc. (Nasdaq: IMUX), a clinical-stage biopharmaceutical company developing a pipeline of selective oral immunology therapies focused on treating chronic inflammatory and autoimmune diseases, today announced the appointment of Maria Törnsén, an industry executive with 20 years of global commercial experience in U.S. and ex-U.S. markets, to its Board of Directors, effective July 5, 2022. The company also announced that Jan Van den Bossche has stepped down from the Board, effective July 5, 2022.
"Maria is a seasoned commercial executive, with 20 years of experience in sales and marketing as well as several operational and strategic leadership roles in the U.S., EMEA, and other global territories," stated Duane Nash, M.D., J.D., MBA., Chairman of the Board of Directors of Immunic. "Her expertise in scaling and optimizing commercial organizations to drive performance will be of tremendous value to the Board, as we continue to advance our three development programs, most notably, the phase 3 ENSURE program of lead asset, vidofludimus calcium, in patients with relapsing multiple sclerosis. I look forward to working with Maria and to leveraging her extensive knowledge and relationships."
"I would also like to take this opportunity to thank Jan for his dedication to Immunic and his invaluable input as a member of the Board of Directors over the last several years. We are very grateful for his contributions and offer him our best wishes in all future endeavors."
Ms. Törnsén has served since July 2021 as Chief Commercial Officer at Passage Bio, where she is responsible for leading and building out the company's commercial organization and strategy, including determining product positioning and paths to commercialization. From 2019 to 2021, Ms. Törnsén served as Senior Vice President and General Manager of Sarepta Therapeutics' U.S. Commercial organization, including market access, trade & distribution, reimbursement, sales, patient services and marketing. From 2017 to 2019, she was Vice President, Global Therapeutic Area Head of rare neurological, metabolic and endocrine diseases at Sanofi Genzyme, where she managed a $1.6 B portfolio with five marketed and three pipeline products, and was commercial lead on multiple alliances. From 2011 to 2017, Ms. Törnsén held advancing commercialization roles in the endocrine and rare diseases groups at Shire, rising to the role of Vice President, Head of Endocrine Rare Disease Sales, U.S. Commercial. Earlier in her career, she gained experience in global marketing and as a Product Specialist at Merck KGaA and Eli Lilly, respectively.
Ms. Törnsén earned a Master of Science (MSc) in International Business Administration from Lund University, Sweden.
About Immunic, Inc.
Immunic, Inc. (Nasdaq: IMUX) is a clinical-stage biopharmaceutical company with a pipeline of selective oral immunology therapies focused on treating chronic inflammatory and autoimmune diseases. The company is developing three small molecule products: its lead development program, vidofludimus calcium (IMU-838), a selective immune modulator that inhibits the intracellular metabolism of activated immune cells by blocking the enzyme DHODH and exhibits a host-based antiviral effect, is currently being developed as a treatment option for multiple sclerosis, and primary sclerosing cholangitis. IMU-935, a selective inverse agonist of the transcription factor RORγ/RORγt, is targeted for development in psoriasis, castration-resistant prostate cancer and Guillain-Barré syndrome. IMU-856, which targets the restoration of the intestinal barrier function, is targeted for development in diseases involving bowel barrier dysfunction. For further information, please visit: www.imux.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains "forward-looking statements" that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations, future financial position, future revenue, projected expenses, expected timing and results of clinical trials, prospects, plans and objectives of management are forward-looking statements. Examples of such statements include, but are not limited to, statements relating to Immunic's three development programs and the targeted diseases; the potential for Immunic's development programs to safely and effectively target diseases; the nature, strategy and focus of the company and further updates with respect thereto; expectations regarding the capitalization, resources and ownership structure of the company; and the executive and board structure of the company. Immunic may not actually achieve the plans, carry out the intentions or meet the expectations or projections disclosed in the forward-looking statements and you should not place undue reliance on these forward-looking statements. Such statements are based on management's current expectations and involve substantial risks and uncertainties. Actual results and performance could differ materially from those projected in the forward-looking statements as a result of many factors, including, without limitation, the COVID-19 pandemic, risks and uncertainties associated with the ability to project future cash utilization and reserves needed for contingent future liabilities and business operations, the availability of sufficient financial and other resources to meet business objectives and operational requirements, the fact that the results of earlier preclinical studies and clinical trials may not be predictive of future clinical trial results, the protection and market exclusivity provided by Immunic's intellectual property, risks related to the drug development and the regulatory approval process and the impact of competitive products and technological changes. A further list and descriptions of these risks, uncertainties and other factors can be found in the section captioned "Risk Factors," in the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed with the SEC on February 24, 2022, and in the company's subsequent filings with the Securities and Exchange Commission. Copies of these filings are available online at www.sec.gov or ir.imux.com/sec-filings. Any forward-looking statement made in this release speaks only as of the date of this release. Immunic disclaims any intent or obligation to update these forward-looking statements to reflect events or circumstances that exist after the date on which they were made. Immunic expressly disclaims all liability in respect to actions taken or not taken based on any or all the contents of this press release.
Contact Information
Immunic, Inc.
Jessica Breu
Head of Investor Relations and Communications
+49 89 2080 477 09
jessica.breu@imux.com
US IR
ContactRx Communications Group
Paula Schwartz
+1 917 322 2216
immunic@rxir.com
US Media Contact
KOGS Communication
Edna Kaplan
+1 617 974 8659
kaplan@kogspr.com
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SOURCE Immunic, Inc. | https://www.kxii.com/prnewswire/2022/07/06/immunic-inc-strengthens-its-board-directors-with-appointment-maria-trnsn/ | 2022-07-06T11:59:11Z |
LAS VEGAS, May 19, 2022 /PRNewswire/ -- Credit One Bank, a data-driven financial services company, has received the United States Postal Service's (USPS) 2022 "Partnership for Growth" Award at the 2022 National Postal Forum in Phoenix. Award winners are selected annually by the Postmaster General and their executive team, seeking companies that continue to provide innovation and growth through the USPS.
Credit One Bank was recognized by the USPS for its swift and inventive response to the COVID-19 pandemic and its utilization of Marketing Mail. At the onset of the pandemic and beyond, some consumers needed credit more than ever, and Credit One Bank was there to help with intelligently targeted direct mail offers. The Bank implemented innovative strategies involving retargeting prior Credit One Bank card members as well as integrating Informed Delivery campaigns and Informed Visibility data to measure the effect of Direct Mail campaigns. The Bank achieved a measurable return on investment for customer acquisition by effectively utilizing these tools.
"It is an incredible honor to be presented with this award from the United States Postal Service," remarked Ed Ng, senior vice president of marketing and account acquisition at Credit One Bank. "Throughout the many changes we've seen in our industry over the years, the USPS has continued to support us in spreading our message. We are proud to work with the USPS and their Strategic Account Manager Diane Young, and we will continue to utilize USPS's services in the future to drive innovation in our industry."
Credit One Bank is a leader in the credit card industry, offering Visa®, Mastercard®, and American Express® credit cards to millions of cardmembers nationwide.
About Credit One Bank:
Credit One Bank, N.A. is a financial services company based in Las Vegas. Driven by data, Credit One Bank offers a spectrum of products for people in all stages of their financial life, including credit cards through the Visa®, Mastercard®, and American Express® networks. Founded in 1984, Credit One Bank is one of the fastest-growing credit card providers in the United States. Credit One Bank is the Official Credit Card of NASCAR®, the Las Vegas Raiders, the Vegas Golden Knights, and Best Friends Animal Society®, and is a proud partner of WWE® and Six Flags®. Learn more at CreditOneBank.com and on social media (@CreditOneBank) on Facebook, Instagram, Twitter, YouTube, and LinkedIn.
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SOURCE Credit One Bank | https://www.kxii.com/prnewswire/2022/05/19/united-states-postal-service-honors-credit-one-bank-with-partnership-growth-award/ | 2022-05-19T17:14:47Z |
DUBAI, United Arab Emirates, May 18, 2022 /PRNewswire/ -- In recent years, the crypto financial market has experienced ups and downs, and the digital financial industry has grown and broken through ups and downs with fluctuations. Without knowing it, AEX Global has guided millions of crypto investors for 9 years. Thanks to the support of the community over the past 9 years, they have witnessed the growth and development of AEX Global, and also witnessed how the blockchain industry and investment came into the focus of global investors.
On May 12, 2022, AEX Global officially announced the creation of an international "digital life service provider" to provide secure, complete and simple diversified financial management services to one billion people.This means that AEX Global has officially moved from a "blockchain digital asset service provider" to other financial fields, and will create a "banking + brokerage + digital assets" system to create a leading world-class financial management brand in the digital economy, rich in products, safe, reliable, professional and stable wealth management brand of the digital economy.
In the last two years, thanks to the favor of institutions and the increasing tolerance of the policies in various countries, the future path of digital finance represented by cryptocurrencies has become increasingly clear.The spread of the coronavirus has also accelerated the global transition to digital money and cryptocurrencies. The time when we relied exclusively on the US dollar is over, and the role of cash as a financial instrument in conditions of great inflation is gradually being abolished by history. Currently, nascent digital finance is still in the early stages of its penetration, but industry pioneers who are embracing regulation, paying attention to compliance, and moving closer to established institutions have begun to build their own moat, and the digital economy is in the process of creating an entirely new definition of assets worldwide.
For nine years, AEX Global, which insists on neutrality and does no evil and adheres to the principles of the financial industry, has earned an excellent reputation in the industry and has become one of the most reliable crypto-asset service providers in the world. On the basis of reality, AEX will transform into an international "digital life service provider" serving users around the world. AEX has proposed the [3 Year 3 Centres Plan], i.e., it plans to build three major centres of the digital finance industry within three years.
- Information Center: creating a complete database with content that allows customers to conveniently and comprehensively obtain information on investments, as well as improving investors' knowledge and raising awareness of risks in the financial sector.
- Value Exchange Center: Optimizing product structure and experience, enhancing and enriching exchange products and instruments, and meeting the diverse investment and trading needs of customers.
- Financial Services Center: Developing financial services businesses from C-end to B-end users that meet the needs of asset allocation, value creation, and settlements for different types of customers, and creating a universal institution in the digital economy.
By May 2022, AEX had started to establish the three major centres and successfully obtained the Digital Bank License and legally started staking businesses of digital assets in the UK. AEX Global established BitTalk business department and AEX Research Centre in the Asia Quarter; Products such as Dual Investment, Perpetual Contract and free loan were launched on the AEX platform, which guarantees the safety, stability, convenience and product enrichment of financial service; Institutional services have been fully activated and are rapidly taking the lead among institutional services providers in the digital economy.
Currently, AEX Global Security Company holds financial licenses 1, 4, 7 and 9 in Hong Kong and also holds New Zealand Brokerage License(USDT Deposit/Withdrawal permission), which allows AEX Global legally and compliantly open security and fund businesses. According to the roadmap, AEX Global will add or soon obtain UK Bank License, Hong Kong Brokerage License, Hong Kong Fund License, New Zealand Brokerage License, Singapore RMO Lincese, USA MSB License and Canada MSB License, becoming an international "Digital life service provider".
The closer you look, the further you see. AEX Global is now providing a brand-new crypto service to bring wealth closer to the people!
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SOURCE AEX exchange | https://www.mysuncoast.com/prnewswire/2022/05/18/aex-global-aims-become-an-international-digital-life-service-provider/ | 2022-05-18T08:51:08Z |
NEW YORK, May 19, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in AbbVie Inc. ("AbbVie" or the "Company") (NYSE: ABBV) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of AbbVie investors who were adversely affected by alleged securities fraud between April 30, 2021 and August 31, 2021. Follow the link below to get more information and be contacted by a member of our team:
ABBV investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) safety concerns about Pfizer Inc.'s drug Xeljanz extended to Abbvie's drug Rinvoq and to other Janus kinase enzyme inhibitor drugs; (2) as a result, it was likely that the U.S. Food and Drug Administration would require additional safety warnings for Rinvoq and would delay the approval of additional treatment indications for Rinvoq; and (3) therefore, defendants' statements about the Company's business, operations, and prospects lacked a reasonable basis.
WHAT'S NEXT? If you suffered a loss in AbbVie during the relevant time frame, you have until June 6, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP | https://www.mysuncoast.com/prnewswire/2022/05/19/abbv-lawsuit-alert-levi-amp-korsinsky-notifies-abbvie-inc-investors-class-action-lawsuit-upcoming-deadline/ | 2022-05-19T18:33:21Z |
ALBANY – COVID-19 numbers are rising in some parts of the country, but locally the numbers have declined significantly since a summer increase, with less than a dozen patients hospitalized this week for treatment in the Albany area.
On Friday, there were eight COVID patients hospitalized at Phoebe Putney Memorial Hospital in Albany and an additional three in Americus at Phoebe Sumter, representing a 56% decrease from the previous week. The total also represents a significant drop from the summer spike that emerged after the July 4 holiday.
“It has decreased, especially in our region now,” Dr. James Black, Phoebe’s interim chief medical officer, said. “I’m hearing in other parts of the country there’s been quite an uptick.”
In the early weeks of the school year in the region there were some pediatric cases, but cases among school students also have declined.
The hospital has even announced that, due to the low number of cases, it will relax masking requirements. For most patients, visitors and staff, that will mean the wearing of a single surgical mask. Staff members who are in close proximity to COVID patients will use greater protection.
The new masking rules are based on recommendations from the U.S. Centers for Disease Control and Prevention, the physician said.
At this point, with many people using home tests, the true number could be higher, but as of this week Black was not aware of any severe cases that resulted in patients being put on a ventilator to assist with breathing.
“If you know you’re positive, you should self-quarantine and stay at home,” Black said.
As always, the medical community is keeping an eye out for the coming of cooler weather when more individuals will be indoors and in close quarters with others. During times of declining COVID cases, many people let their guard down somewhat, choosing to mask less frequently or not at all.
“During cold weather people are more prone to respiratory infections,” Black said. “We’re going to keep our eye on the levels of community transmission.
“I think that we really have to be prepared that COVID is going to be around. Coronaviruses have been around for a while, but they haven’t been deadly like (this one).”
But as long as the disease is less deadly, as is the case now, and with new vaccines becoming available and lower numbers, the hospital will maintain normal operations, which is the goal.
This week, Phoebe received shipments of the new COVID-19 vaccine boosters, which will be available at all Phoebe Primary Care and Urgent Care locations, and administration of the boosters will begin this week.
Shots will not be given every day at every location. For scheduling, call (229) 312-MYMD for the earliest available appointment at the most convenient location.
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accounts, the history behind an article. | https://www.albanyherald.com/news/covid-hospitalizations-down-more-than-50-over-past-week/article_e1a6cf50-36a0-11ed-b744-139ae31d76b6.html | 2022-09-17T18:36:17Z |
X-NAND Gen2 enables 3D NAND flash memory with 20X faster write performance
SAN JOSE, Calif., July 27, 2022 /PRNewswire/ -- NEO Semiconductor, a leading developer of innovative architectures for NAND flash and DRAM memory, today announced the release of its second-generation X-NAND architecture. X-NAND Gen2 builds upon the award-winning X-NAND technology unveiled in 2020. New patent-pending technology developed by NEO advances X-NAND architecture, allowing 3D NAND flash programming (i.e., data writes) to occur in parallel using fewer planes. As a result, X-NAND Gen2 delivers twenty times faster performance than conventional 3D NAND flash. The X-NAND architecture deploys as a design solution compatible with current manufacturing technologies and processes, providing impressive competitive advantages to semiconductor manufacturers.
Today, NEO Semiconductor revealed the new X-NAND Gen-2, which doubles throughput over X-NAND Gen1, delivering SLC-like performance with larger capacity and lower cost QLC memory. X-NAND Gen2 incorporates zero-impact architectural and design changes that do not increase manufacturing costs while offering extraordinary throughput and latency improvements. "The launch of X-NAND Gen2 is a prime example of NEO executing on its market-disruptive approach," says Andy Hsu, Founder and CEO of NEO Semiconductor and an accomplished technology inventor with more than 120 granted U.S. patents. "Our goal is to give the industry a wide array of solutions that address the growing performance bottlenecks in IT systems and consumer products."
NEO Semiconductor designed and developed X-NAND, the world's fastest 3D NAND flash memory architecture, in response to the inefficiencies of conventional 3D NAND flash, which lead to performance bottlenecks in business systems and consumer devices. X-NAND improves the performance of all generations of 3D NAND flash, including SLC, MLC, TLC, QLC, and PLC. By making non-disruptive architectural and design changes to 3D NAND flash, X-NAND significantly increases throughput and lowers latency.
"NAND fab manufacturers have made major advances with 3D stacking technology by increasing the number of layers while delivering greater memory density and enhancing memory packaging," said Jay Kramer, President of Network Storage Advisors. "While each generation of flash memory substantially lowers costs, the 2nd generation of X-NAND significantly increases flash memory performance and enables NAND flash solutions that can achieve even greater compelling value."
In 2020, Flash Memory Summit presented NEO Semiconductor with the 'Most Innovative Flash Memory Startup' award. The company will attend Flash Summit 2022 in Santa Clara, California, on August 2-4, 2022, and showcase X-NAND Gen2 to visitors.
About NEO Semiconductor
NEO Semiconductor is a high-tech company focused on advancing 3D NAND flash and DRAM memory technologies. The company was founded in 2012 by Andy Hsu and a team in San Jose, California, and owns more than 20 U.S. patents. In 2020, the company made a breakthrough in 3D NAND architecture named X-NAND that can achieve SLC performance at TLC and QLC densities to provide high-speed, low-cost solutions for many applications, including 5G and AI. The company presented the X-NAND architecture at Flash Memory Summit 2020 conference and won the Best of Show Award for the Most Innovative Flash Memory Startup.
Additional Resources:
- Schedule a meeting with NEO Semiconductor at FMS, contact: lilychang@neosemic.com
- Visit the conference website for program details: https://www.flashmemorysummit.com/
- Visit the NEO Semiconductor website at: www.neosemic.com
Media and Analyst Contact:
Maya Lustig
Email: maya@handson-events.com
Phone: +972 54 6778100
Logo: https://mma.prnewswire.com/media/1862994/NEO_Semiconductor_Logo.jpg
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SOURCE NEO Semiconductor | https://www.mysuncoast.com/prnewswire/2022/07/27/neo-semiconductor-launches-second-generation-x-nand-flash-memory-architecture/ | 2022-07-27T16:52:03Z |
SIBIU, Romania, Aug. 26, 2022 /PRNewswire/ -- Elrond's EGLD token powering the internet-scale blockchain network which serves as an infrastructure for Web3 payments, DeFi and the new Metaverse economy, has been added to the list of cryptocurrencies available on Revolut, making it accessible for trading on the popular fintech app.
Having its main launch in July 2020, Elrond has since become the second-largest PoS blockchain in the world, after Ethereum 2.0, with 3200 validators spread across different geographies. It's also the first carbon-negative European blockchain as it offsets more CO2 than is required by its advanced PoS network.
Revolut's listing of EGLD will introduce a wider audience to the frictionless payments at the core of Elrond's vision, giving a new generation of digital natives a token that is used to fuel the seamless transfer of any type of value globally.
The mobile banking company valued at $33 billion with a +20M worldwide customer base aims to increase financial inclusion by allowing its users throughout the EU and UK to buy, hold and sell cryptocurrencies with the same ease as any other digital asset, and now for EGLD as well.
With its EU banking license and the recently granted CASP license for crypto-related services, Revolut is operating in 30+ countries (European Economic Area, USA, UK, Switzerland, etc) and has plans to expand into new markets thanks to their constant regulation and compliance efforts.
"The most innovative and disruptive startups in the fintech field gravitate towards crypto, bringing along unique talent pools and fully engaged communities. When you add to this a vision that transcends its own product and industry, you get a game changer. Elrond is such a project. That's why we are excited to be able to offer EGLD to Revolut's customers and help them realize their vision of an inclusive global financial system," said Beniamin Mincu, Elrond Network CEO.
Elrond has been designed from the ground up to solve the performance limitations of the current blockchain iterations (i.e. Bitcoin, Ethereum) and in its current network configuration can process 15,000 transactions per second, but can scale beyond 100,000 TPS by leveraging sharding to parallelize transaction processing, thereby being able to accommodate growing demand by adding more shards to the network.
About Elrond
Elrond is a new blockchain architecture, designed from scratch to bring a 1,000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, globally accessible internet economy.
Photo - https://mma.prnewswire.com/media/1885914/Elrond_EGLD_Revolut.jpg
Media contact:
Dan Voicu
Head of Communications
dan.voicu@elrond.com
Distributed by STORM Partners. Contact Adrian Bono for interviews and quotes: adrian.bono@storm.partners, +34 608 861 127, or telegram @STORMPartners.
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SOURCE Elrond | https://www.kxii.com/prnewswire/2022/08/26/elrond-egld-become-available-20m-users-30-countries-via-revolut-digital-banking-super-app-valued-33b/ | 2022-08-26T11:46:53Z |
NEW YORK, May 18, 2022 /PRNewswire/ -- NMG Consulting Inc. announced today that it has acquired Chatham Partners, an insights-based consultancy focusing on institutional financial services. The Chatham Partners team, led by President and CEO Peter Starr, will become a part of NMG Consulting and continue to deliver research and insights to U.S. clients.
Founded in 2005, Chatham Partners provides strategic, custom insights to the retirement, investments and securities services industries in the United States. NMG Consulting provides financial institutions with strategy and implementation consulting backed by an 'information advantage' proprietary research to clients across the globe.
NMG's U.S. growth strategy seeks to expand its range of North American offerings to include a specialist strategy consulting practice integrated with internally produced insights and data analytics. Chatham Partners is important in building this platform, bringing together a stronger network of clients and history in delivering actionable insights to key decision makers.
NMG Consulting CEO Mark Prichard commented, "The addition of Chatham accelerates our strategy to deliver enriched insights and offerings to our clients globally, while further expanding our presence and capabilities in North America. We have long been aware of Chatham's deep and highly regarded research and insights expertise in the U.S. retirement, investments and custody industries. This provides exciting opportunities for us to expand our proposition into related segments."
The Chatham team will continue to operate under Starr's leadership, delivering market-leading client experience and custom insights programmes. "This acquisition unites both companies enabling Chatham to expand on our insights and consulting presence globally and in the U.S. Given our shared client-orientated approach and culture, I believe NMG Consulting is an excellent fit. Together we are strongly positioned to better serve our current retirement-focused clients while reaching a wider audience across financial services," Starr said.
About NMG Group
NMG Consulting is a specialist, multinational consultancy focused on the insurance, reinsurance and investment sectors. The firm provides strategic insights, consulting, actuarial, marketing and research to multinational and domestic financial institutions.
About Chatham Partners
Chatham Partners, based in Waltham, Massachusetts, focused on sales and client retention efforts through customized research programs and strategy consulting services for institutional financial services companies.
Known for its core research programs, Chatham supports most major institutional asset managers, retirement service providers and global securities servicing companies.
Media Contacts
Oliver Hesketh, Global Partner – USA, Oliver.Hesketh@nmg-group.com
Karin Barry, COO, Karin.Barry@nmg-group.com
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SOURCE NMG Consulting | https://www.wibw.com/prnewswire/2022/05/18/chatham-partners-becomes-part-nmg-consulting-inc/ | 2022-05-18T14:07:23Z |
Which plum dress is best?
Plum is a rich, bold color that makes a perfect addition to your spring or summertime wardrobe. It’s vibrant without being too bright and dark without being dull. Plum is an easily adaptable color that can be fun and casual with the right design, but most plum dresses are geared toward formal occasions.
Check out the Alex Evenings Deep Plum Sequin Embellished Lace Top Gown for a dress that is sophisticated, well-made and comfortable.
What to know before you buy a plum dress
Plum vs. purple
How can you tell a plum dress from other purple dresses? Purple is a color derived from mixing blue and red. The ratio of red to blue and the introduction of other colors to the mix is what makes different shades of purple. Plum is what you get when you blend purple with a brown russet color. It’s more purple than burgundy and more brown than lavender.
Formal vs. casual
Plum is a popular color for bridesmaid and prom dresses but that doesn’t mean you can’t find a good T-shirt dress or sundress in the same color. Fit and fabric play a role here as formal dresses are tailored to fit in specific ways and might use more expensive hand-wash or dry-clean-only fabrics. Casual dresses are less fitted and often machine-washable.
Dress length
The season, occasion and your sense of style dictate the best length for a dress. There are five primary dress lengths from which to choose. Remember, height plays a key factor when it comes to where the hemline falls.
- Mini: This is the shortest length, falling above the knee. It’s popular for T-shirt dresses and cocktail dresses.
- Knee-length: The hemline rests around the knee or a little below, lower than a mini dress but higher than a midi dress.
- Midi: This rests a little below the knee and a little above the ankle, suitable for casual or formal gatherings.
- Maxi: The extra length here works for all occasions, from beachy summer dresses to formal eveningwear. It falls around the ankle and this small margin for error can make choosing a dress based on your height challenging.
- Floor-length: Less common these days than the maxi dress, a floor-length dress falls all the way to the floor and might even have a train. It’s mostly associated with special occasions such as galas, weddings or prom night.
What to look for in a quality plum dress
Comfortable fabrics
A beautiful dress is great but one that’s also comfortable is better. Anything with cotton, chiffon or silk is soft to the touch. Polyester and spandex are great for adding a little bit of give that keeps dresses from feeling too tight or baggy. Polyester is made with plastic fibers, though, and can make you feel warm quickly — something to consider for summer occasions.
Matching sets
Some formal dresses come with a jacket or shawl tailored to match their color and any beadwork or detailing they might feature. This is great for plum dresses, since plum can be a difficult color to match. Versions of it vary, so if you want a plum jacket with your dress, the best way to make sure they pair well is to purchase a matching set.
Secure closures
The closure method isn’t a big deal for pullover dresses but it’s something to consider with dresses that button, zip or wrap. Most button-up dresses come with an extra button or two in case you lose one, but zip-up dresses don’t have that luxury. A zipper can snag or break. To determine the reliability of a zipper, check reviews of the dress. If more than two or three buyers have had trouble with the zipper, chances are it isn’t as well-made as it should be.
How much you can expect to spend on a plum dress
A casual plum dress costs $20-$40, while a formal one can cost $30-$200.
Plum dress FAQ
What shoe color goes best with a plum dress?
A. Black shoes are a safe bet when trying to match a plum dress. Beige and silver are great alternatives if you want something lighter in color.
Can dresses you should hand-wash be dry-cleaned?
A. Whether a dress can be dry-cleaned depends on the fabric. Polyester is made with plastic, which doesn’t always dry-clean well. Linen, cashmere, silk and velvet do dry-clean well.
What’s the best plum dress to buy?
Top plum dress
Alex Evenings Deep Plum Sequin Embellished Lace Top Gown
What you need to know: This is a zip-up, ankle-length A-line dress with three-quarter sleeves for formal occasions.
What you’ll love: It has a beautiful sequined lace top and a flowy chiffon bottom. The scalloped neckline is a nice feature. It’s lined and comfortable.
What you should consider: It is hand-wash only.
Where to buy: Sold by Macy’s
Top plum dress for the money
R&M Richards Plum Short-Sleeve Faux-Wrap Dress
What you need to know: This is a pull-over, knee-length faux wrap dress with short sleeves and a ruffled skirt that works for a night out or formal occasions.
What you’ll love: It has a flattering silhouette and is gathered at the waist with a jeweled ring. There’s an inset panel at the neckline. It’s simple and comfortable with a touch of glamour.
What you should consider: It is hand-wash only and runs a little small.
Where to buy: Sold by Macy’s
Worth checking out
R&M Richards Plum Embellished Dress And Illusion Duster Jacket
What you need to know: This is a pull-over, knee-length A-line dress with a matching duster jacket for suitable for formal occasions.
What you’ll love: The sleeveless dress has beautiful beadwork along the neckline and the duster features sheer panel three-quarter sleeves. It looks great without the duster jacket and the colors match perfectly.
What you should consider: It’s hand-wash only and the jacket runs a little small.
Where to buy: Sold by Amazon and Macy’s
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/apparel-br/dresses-br/best-plum-dress/ | 2022-05-06T22:52:43Z |
TSX-V: MKO; OTCQX: MAKOF
VANCOUVER, BC, Sept. 8, 2022 /PRNewswire/ - Mako Mining Corp. (TSX-V: MKO) (OTCQX: MAKOF) ("Mako" or the "Company") is pleased to report additional results from its recent definition and expansion drilling program at the Las Conchitas area on its wholly-owned San Albino-Murra property. The Las Conchitas area is located immediately south of the San Albino Mine which is currently in commercial production, and north of the historical El Golfo Mine located within the contiguous El Jicaro Concession.
Currently, the Company has five of its seven diamond drill rigs in the Las Conchitas area, which is subdivided into three primary areas: Las Conchitas North ("LC-N"), Las Conchitas Central ("LC-C") and Las Conchitas South ("LC-S"). Each of these areas host multiple, subparallel, northeast-southwest striking, gently dipping, gold bearing veins interpreted to be orogenic in nature. To date, a total of 63,136 meters (m) have been completed in 610 diamond drill holes within the entire Las Conchitas area.
Highlights of the recent drilling at Las Conchitas:
- Cruz Grande ("CG")
- 25.81 g/t Au and 45.4 g/t Ag over 1.1m (1.0m ETW)
- 20.17 g/t of Au and 16.5 g/t Ag over 1.2m (1.0m ETW)
- 12.88 g/t of Au and 18.0 g/t Ag over 3.1m (2.7m ETW)
- 10.98 g/t Au and 27.0 g/t Ag over 2.0m (1.7m ETW)
- 10.40 g/t Au and 16.1 g/t Ag over 0.9m (ETW)
Akiba Leisman, CEO of Mako states that "at Las Conchitas – Central, hitting 15.3 g/t Au over 6.7 meters ETW, less than 70 meters from surface is a great result for the Company. More importantly, this is showing continuity, with similar grades and widths over significant strike and dip extensions from this hole. LC-C is still a relatively untested area of Las Conchitas, but it is shaping up to be yet another high grade and open-pittable target across our 188 square kilometer land package. Additional results at Las Conchitas are showing continuity along strike and down dip, and will be important as Mako continues the process of updating our resource in Q1 2023 to include all of these areas within Las Conchitas which were not included in any previous resource estimate."
Recent drilling at LC-C has confirmed the continuity of areas previously interpreted as separate zones (Cruz Grande and Mina Bonanza), and has significantly increased the potential for open pittable mineralization (see press release dated August 18, 2022). Drill hole LC22-818 intersected a 7.2m wide mineralized interval (6.7m ETW), at 15.36 g/t Au and 16.0 g/t Ag, 69.2m below surface (see table below and Figure 3 - Cross Section B-B'). The interval contains two mineralized quartz veins grading 35.85 g/t Au and 30.8 g/t Ag over 2.0m (1.9m ETW) and 25.80 g/t Au and 35.6 g/t Ag over 1.4m (1.3m ETW) respectively, separated by mineralized country rock (see table below). This drill hole confirmed an 82m down dip extension of the near surface mineralization encountered in hole CG18-24, which intersected an interval of 23.63 g/t Au and 25.1 g/t Ag over 5.7m (4.3m ETW), 20.4m below surface and 56m from drill hole CG18-25, which intersected 11.31 g/t Au and 12.2 g/t Ag, over 4.2m (3.7m ETW), 36.6m below surface (see press release dated December 8, 2018). Additional holes are planned to test the potential strike and dip extension of this zone.
Las Conchitas – North
2022 drilling at LC-N has outlined multiple stacked mineralized zones, including the recently identified Mina Francisco mineralization, which comprises two separate veins. To date, a total of 15,600 meters (m) in the 2022 drilling campaign have been completed in 106 drill holes at the LC-N area. The objective of the drilling presented in this press release was to test mineralization amenable to both open pit and underground mining methods.
Two drill rigs are testing the extension of the Mina Francisco structure. At the north slope of San Pablo hill (see drill plan), drill hole LC22-721 intersected 25.81 g/t Au and 45.4 g/t Ag over 1.1m (1.0m ETW), 179m from surface. Drill hole LC22-723 intersected 20.17 g/t Au and 16.5 g/t Ag over 1.2m (1.0m ETW), 174m below surface (see table below and Cross Section A-A'). Drill hole LC22-549, collared at the south slope and 191m along strike from drill hole LC22-723 (described above), intersected the Mina Francisco structure at 147.5m below surface (results pending). This hole also intersected 12.88 g/t Au and 18.0 g/t Ag over 3.1m (2.7m ETW), 55m below surface, currently interpreted as a new zone, San Pablo 2 ("SP2").
The objective of the current drilling at LC-S is to extend previously identified mineralized structures both along strike and dip. Several drill holes were designed to test the extension of the Mango zone intersected by drill hole LC19-101 grading 19.55 g/t Au and 40.6 g/t Ag over 1.2m (see press release dated August 19, 2019). Drill hole LC22-475 intersected 10.98 g/t Au and 27.0 g/t Ag over 2.0m (1.7m ETW), including 20.80 g/t Au and 49.9 g/t Ag over 1.0m, approximately 39m southwest by strike from the intercept of drill hole LC19-101 and situated 33m from surface. This drill hole confirmed down dip extension for a total of 195.4m and indicates that mineralization is open to the SW. Drill hole LC22-465 tested the northeast extension of the Mango zone and intersected 10.40 g/t Au and 16.1 g/t Ag over 0.90m (ETW), 76m below surface, successfully extending the zone along strike for additional 68m.
Drill core was continuously sampled from inception to termination of the entire drill hole. Sample intervals were typically one meter with a minimum sample width of 50 cm. Drill core diameter was HQ (6.35 centimeters). Geologic and geotechnical data was captured into a digital database, core was photographed, then one-half split of the core was collected for analysis and one-half was retained in the core library.
Samples were kept in a secured logging and storage facility until such time that they were delivered to the Managua facilities of Bureau Veritas and pulps were sent to the Bureau Veritas laboratory in Vancouver for analysis. Gold was analyzed by standard fire assay fusion, 30-gram aliquot, AAS finish. Samples returning over 10.0 g/t gold are analyzed utilizing standard Fire Assay-Gravimetric method. The Company follows industry standards in its QA&QC procedures. Control samples consisting of duplicates, standards, and blanks were inserted into the sample stream at a ratio of 1 control sample per every 10 samples. Analytical results of control samples confirmed reliability of the assay data. No top cut has been applied to the reported assay results.
John M. Kowalchuk, P.Geo, a geologist and qualified person (as defined under NI 43-101) has read and approved the technical information contained in this press release. Mr. Kowalchuk is a senior geologist and a consultant to the Company.
On behalf of the Board,
Akiba Leisman
Chief Executive Officer
Mako Mining Corp. is a publicly listed gold mining, development and exploration company. The Company operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua, which ranks as one of the highest-grade open pit gold mines globally. Mako's primary objective is to operate San Albino profitably and fund exploration of prospective targets on its district-scale land package.
Statements contained herein that are not historical fact are considered "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is based on management's current expectations, beliefs and assumptions, and includes, without limitation: the objectives of the drilling campaign; the plan to continue drilling the Las Conchitas area with five of the seven diamond drill rigs on site with the objective of further expansion of the mineralized structures in all three areas in preparation for a maiden resource by Q1 2023; the expectation of additional discoveries; and that the Company meets its object of operating San Albino profitably while continuing to fund exploration of prospective targets. Such forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking information, including, without limitation, the risk that additional satisfactory exploration results will not be obtained; the risk that the Company will not release additional exploration results on the timeline expected; the risk that additional discoveries will not continue; that exploration results will not translate into the discovery of an economically viable deposit; risks and uncertainties relating to political risks involving the Company's exploration and development of mineral properties interests; the inherent uncertainty of cost estimates and the potential for unexpected costs and expense; commodity price fluctuations, the inability or failure to obtain adequate financing on a timely basis and other risks and uncertainties disclosed in the Company's public filings at www.sedar.com. Forward-looking information contained herein is based on management's best judgment as of the date hereof, based on information currently available and is included for the purposes of providing investors with the Company's plans and expectations at the Las Conchitas area, and may not be appropriate for other purposes.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Mako Mining Corp. | https://www.wibw.com/prnewswire/2022/09/08/mako-mining-intersects-1536-gt-au-160-gt-ag-over-67m-estimated-true-width-las-conchitas-central-with-additional-intercepts-las-conchitas-north-south/ | 2022-09-08T12:38:02Z |
ATLANTIC CITY, N.J. (AP) — With legal sports betting in its fifth year in much of the U.S., things are getting much more intense, with increasing ways to bet and more opportunities to rapidly win — and lose — money.
When the defending Super Bowl champion Los Angeles Rams kick off the NFL season Thursday night against the Buffalo Bills, 31 U.S. states plus Washington D.C. will offer legal sports betting. A record 46.6 million Americans say they plan to bet on the upcoming NFL season, up 3% from last year, according to the American Gaming Association.
This year’s games will become the focus of the most intense scrutiny yet by gamblers.
This is due to the rapid rise of so-called microbetting, the ability to place wagers on outcomes as narrowly targeted as whether the next play will be a run or a pass, how many yards will it gain, or whether the drive results in a punt, a touchdown, a turnover or something else.
It’s the fastest-growing segment of legal sports betting, and while it encourages sportsbooks, it has those who treat compulsive gambling worried that the opportunity to make rapid-fire bets, one after the other over the course of a three-hour game, will create new problems for gamblers or worsen the addiction of those who already have a problem.
Microbetting “is a must-have to be a competitor in this space,” said Matt Prevost, chief revenue officer for BetMGM. Between 40% to 65% of all bets his company takes on football come after the opening kickoff.
Johnny Avello, director of race and sports for DraftKings, said his company is concentrating more on microbetting offerings this fall.
“We’re going to have more markets like betting on the next play, who’s going to carry the ball, how many yards it will gain,” he said. “We’ve found that those are equally as popular as who’s going to win the game or the total amount scored.”
Miami-based Betr is going beyond that. It launched its microbetting app on Sept. 1 and minces no words about what it soon will offer the gambling public: “Instant gratification.”
In baseball, its app lets users wager on each pitch: How fast it will be, whether it’s a ball or a strike; or whether it gets put into play.
Joey Levy, the company’s founder and CEO, called its product “a glimpse into the future of sports betting in the U.S. — an instant gratification focus to betting delivered in a simple, intuitive user experience that anyone can enjoy, even if they have not bet on sports before.”
The company’s app is currently in use for free-play only; Betr plans to take real money bets in numerous states as soon as they obtain licenses and regulatory approvals.
Established sports betting companies including FanDuel and DraftKings started taking real-money microbets in recent years.
In baseball, for example, FanDuel, which is the official odds provider for The Associated Press, lets gamblers bet on whether the first pitch of a baseball game will be a ball or a strike, whether it will result in a hit or an out, or some other result. DraftKings takes bets on how many pitches a batter will see in a given at-bat, and has dabbled in pitch speed wagers. But it currently limits its baseball microbets to batter-to-batter predictions.
Microbetting is an incredibly fast way to rack up wins — and losses.
Keith Whyte, executive director of the National Council on Problem Gambling, says people placing microbets are at higher risk of developing a gambling disorder.
“The ability to place more bets, more quickly is a risk factor for any type of gambling,” he said. “Now with microbetting, impulsivity and instant gratification is promoted as a selling point.”
Whyte said continuous microbetting not only discourages responsible gambling behavior — like taking breaks and never chasing losses — but is also likely to appeal to those who already have gambling problems.
Numerous sportsbooks offer batter-to-batter bets in baseball on whether a hitter will reach base, strike out, walk or many other possibilities.
BetMGM does not currently offer batter-by-batter or pitch-by-pitch bets, although Prevost said, “We certainly are examining the technology.”
In data released Wednesday, the American Gaming Association said 49% of NFL bettors will do so online this year, compared to 23% who plan to do it in person at a sportsbook.
The Bills and Tampa Bay Buccaneers (9% each) are the most popular picks to win the next Super Bowl, followed by the Rams and Kansas City Chiefs (8% each) and the Dallas Cowboys (7%).
Connecticut, Kansas, Louisiana, Maryland and Wisconsin launched new markets since the start of the 2021 NFL season.
___
Follow Wayne Parry on Twitter at www.twitter.com/WayneParryAC | https://cw33.com/sports/ap-sports/ap-wins-and-losses-can-pile-up-with-sped-up-sports-betting/ | 2022-09-07T17:01:35Z |
White House to extend student loan pause through August
WASHINGTON (AP) — The Biden administration plans to freeze federal student loan payments through Aug. 31, extending a moratorium that has allowed millions of Americans to postpone payments during the coronavirus pandemic, according to an administration official familiar with the White House’s decision-making.
Student loan payments were scheduled to resume May 1 after being halted since early in the pandemic. But following calls from Democrats in Congress, the White House plans to give borrowers additional time to prepare for payments.
The action applies to more than 43 million Americans who owe a combined $1.6 trillion in student debt held by the federal government, according to the latest data from the Education Department. That includes more than 7 million borrowers who have defaulted on student loans, meaning they are at least 270 days late on payments.
Borrowers will not be asked to make payments until after Aug. 31, and interest rates are expected to remain at 0% during that period.
The extension was first reported Tuesday by Bloomberg.
Democrats on education panels in the House and Senate recently urged President Joe Biden to extend the moratorium through the end of the year, citing continued economic upheaval.
Sen. Patty Murray said more time is needed to help Americans prepare for repayment and to rethink the government’s existing system for repaying student debt.
“It is ruining lives and holding people back,” she said in a statement last month. “Borrowers are struggling with rising costs, struggling to get their feet back under them after public health and economic crises, and struggling with a broken student loan system — and all this is felt especially hard by borrowers of color.”
Murray called on the Biden administration to lift all borrowers out of default to provide a “fresh start” following the pandemic.
The decision is being made amid rising concern that large numbers of Americans would quickly fall behind if payments restarted in May.
In March, the St. Louis Federal Reserve Bank warned that resuming loan payments could place a heavy burden on borrowers who faced financial hardship during the pandemic. It said the impact would be hardest on Black families, who are more likely to rely on student loans to pay for college.
“Serious delinquency rates for student debt could snap back from historic lows to their previous highs in which 10% or more of the debt was past due,” the bank said.
The Trump administration initially gave Americans the option to suspend loan payments in March 2020, and Congress made it automatic soon after. The pause was extended twice by the Trump administration and twice more under Biden.
It remains in question whether Biden will pursue widespread debt forgiveness to reduce the nation’s student debt. Some Democrats in Congress have pressed Biden to use executive action to cancel $50,000 for all student loan borrowers, saying it would jumpstart the economy and help Black Americans who on average face higher levels of student debt.
Last year, Biden asked the Education and Justice departments to review the legality of widespread debt cancellation, but no decision has been announced. Biden previously said he supports canceling up to $10,000, but he argued it should be done through congressional action.
___
Binkley reported from Boston.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/04/05/white-house-extend-pause-student-loan-repayments-through-aug-31-us-official-says/ | 2022-04-07T11:21:17Z |
SAN MATEO, Calif., Aug. 5, 2022 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) today announced that Chief Executive Officer Nicholas Woodman and Chief Financial Officer and Chief Operating Officer Brian McGee will present at the following investor conference:
- The Oppenheimer 25th Annual Technology, Internet & Communications Conference on Tuesday, August 9, 2022 at 2:05 pm Eastern Time
A webcast of the event will be available live and accessible for replay on the "Events & Presentations" section of the Company's website at http://investor.gopro.com.
Celebrating its 20th anniversary in 2022, GoPro helps the world to capture and share itself in immersive and exciting ways.
For more information, visit GoPro.com. Open roles can be found on our careers page. Members of the press can access official logos and imagery on our press portal. GoPro customers can submit their photos and videos to GoPro Awards for an opportunity to be featured on GoPro's social channels and receive gear and cash awards. Connect with GoPro on Facebook, Instagram, LinkedIn, TikTok, Twitter, YouTube, and GoPro's blog The Current.
GoPro, HERO and their respective logos are trademarks or registered trademarks of GoPro, Inc. in the United States and other countries.
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SOURCE GoPro, Inc. | https://www.kxii.com/prnewswire/2022/08/05/gopro-present-upcoming-investor-conference/ | 2022-08-05T11:27:31Z |
New store will be third location in the state to serve REI members and outdoor enthusiasts
SEATTLE, June 6, 2022 /PRNewswire/ -- Specialty outdoor retailer REI Co-op will open a new store in Mount Pleasant, South Carolina in fall 2022. The location will offer a wide assortment of apparel, gear and expertise for camping, cycling, running, fitness, hiking, paddling, climbing and more. For those who adventure on two wheels, a full-service bike shop will be staffed by certified mechanics.
"We look forward to opening a third store in South Carolina and being a resource to REI members and the broader outdoor community in and around Mount Pleasant," said Jacki Harp, REI regional director. "Our local team will also seek partnerships with outdoor nonprofits to support their efforts in protecting natural places and welcoming more people outside."
Store Facts
- Address: Indigo Square; 1720 Shoremeade Road, Mount Pleasant, SC 29464. The location, a former grocer, is near US 17 and NC 517
- Store Size: Approximate 21,500 square feet
- Special Features: Full-service bike shop, gear rentals, buy online - pick up in store and curbside pickup, virtual outfitting
- REI Co-op Membership: More than 167,000 members in South Carolina, and more than 28,000 members in the region
- Closest REI Stores: Columbia, S.C. (119 miles away); Pineville, N.C. (204 miles away), Greenville, S.C. (207 miles away) and Atlanta, Ga. (316 miles away)
- REI Stores in South Carolina: Columbia (opened 2020) and Greenville (opened 2011)
As the country's largest consumer co-op, anyone is welcome to shop and tap into the company's resources in support of an active lifestyle. Members who join the co-op enjoy a range of benefits, including a used gear trade-in program; discounts on experiences, rentals and shop services; a share of the co-op's annual profits based on qualifying purchases; and more.
REI actively partners with nonprofits across the nation to steward and maintain local trails and public lands to connect more people to the outdoors. Last year, the co-op invested $7.1 million in more than 450+ nonprofits across the country. Over the last five years, the co-op has invested nearly $184,000 in South Carolina-based land agencies and nonprofit partners. Recent recipients include Anne Springs Close Greenway, Conestee Foundation Inc., Friends of Harbison State Forest, Friends of Paris Mountain, Friends of Sesqui, and Palmetto Conservation Foundation.
The co-op launched the REI Cooperative Action Fund last year, a community-supported public charity designed to harness the collective power of the co-op's members and employees to build a more just, equitable and inclusive outdoor culture. Black Girls RUN! Foundation chapters in Charleston, Columbia, Florence/Myrtle Beach and Greenville/Spartanburg received grants in the first round of funding.
REI expects to hire approximately 50 employees for REI Mount Pleasant. Candidates interested in joining the REI team can apply online at REI.com/jobs and a timeline for hiring is here. Candidates can set up a job alert on the co-op's career site to be notified when positions are posted. New employees will receive a wide variety of benefits, including generous product and service discounts, competitive pay and retirement contributions. REI employees also enjoy unique perks, such as two paid "Co-op Way Days" each year that allow them to enjoy their favorite outdoor activity and an additional paid day off on Black Friday to encourage all employees to #OptOutside.
REI is a specialty outdoor retailer, headquartered near Seattle. The nation's largest consumer co-op, REI is a growing community of 21.5 million members who expect and love the best quality gear, inspiring expert classes and trips, and outstanding customer service. REI has 175 locations in 41 states and the District of Columbia. If you can't visit a store, you can shop at REI.com, REI Outlet or the REI shopping app. REI isn't just about gear. Adventurers can take the trip of a lifetime with REI's active adventure travel company that runs more than 100 itineraries across the country. In many communities where REI has a presence, professionally trained instructors share their expertise by hosting beginner-to advanced-level classes and workshops about a wide range of activities. To build on the infrastructure that makes life outside possible, REI invests millions annually in hundreds of local and national nonprofits that create access to—and steward—the outdoor places that inspire us all.
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SOURCE REI Co-op | https://www.wibw.com/prnewswire/2022/06/06/rei-co-op-open-store-mount-pleasant-south-carolina-fall-2022/ | 2022-06-06T13:44:19Z |
VILNIUS, Lithuania, Aug. 15, 2022 /PRNewswire/ -- Despite global economic challenges and the war in Ukraine, Lithuania has witnessed steady growth in FDI, proving that international companies continue to see the country as a stable partner for expansion.
During the first half of 2022, Invest Lithuania helped attract 40% more FDI projects than in H1 2021: 31 compared to 22. Fifteen new companies have announced plans to establish operations here, while 16 companies have confirmed expansion projects.
The Minister of the Economy and Innovation, Ausrine Armonaite, stresses this even split between new entrants and expansions is a healthy growth sign: "There has been no shortage of discussion about the war's possible impact on the region's economy, but Lithuania has retained the image of an attractive business partner. Lithuania's membership in NATO and the European Union, its developed infrastructure, tax incentives, and highly-qualified talents create a favorable business environment for international companies."
Tech remains the driving force
With 17 out of 31 FDI projects being tech, the sector asserts its dominance as the country becomes an increasingly active tech hub. The strongest player in the landscape is fintech – Lithuania has the most licensed fintech institutions (147) in the EU. This has led to the growing support ecosystem: tech-focused lawyers, HR, and communication professionals delivering substantial aid to all processes.
Amongst the tech newcomers, American in-location experience management leader Raydiant, establishing its largest office outside the US, and German IT services powerhouse GOD, opening offices in the two largest Lithuanian cities.
Manufacturing projects on the rise
Lithuania has also welcomed a significant number of manufacturing projects in 2022. New manufacturing facilities are one of the strongest indications of a healthy and stable investment environment. Global bicycle industry leader PON.Bike announced expanding to Lithuania, Ryanair group's FRC LT will grow an aircraft maintenance facility, and a veteran Dovista will further improve their Lithuanian factory.
The question of energy security is likely to become a pressing issue for manufacturing companies. The fact that Lithuania is the first EU country to have completely severed itself from a dependency on Russian gas may well act in its favor.
Lithuania has repeatedly proven that it is peculiarly suited to withstanding and proactively responding to geopolitical shocks. With its responsive governmental institutions, and robust, community-minded populace, Lithuania reacts to situations with the agility and creativity of a start-up.
Logo: https://mma.prnewswire.com/media/1780184/Invest_Lithuania_Logo.jpg
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SOURCE Invest Lithuania | https://www.kxii.com/prnewswire/2022/08/15/lithuania-sees-steady-fdi-growth-against-backdrop-geopolitical-issues/ | 2022-08-15T16:48:16Z |
NEW YORK, Sept. 12, 2022 /PRNewswire/ -- Attention Dingdong (Cayman) Ltd. ("Dingdong") (NYSE: DDL) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors. This lawsuit is on behalf of persons who purchased, or otherwise acquired, Dingdong American Depository Shares pursuant or traceable to the F-1 registration statements and related prospectus on Form 424B4 issued in connection with Dingdong's June 2021 initial public stock offering.
If you suffered a loss on your investment in Dingdong, contact us about potential recovery by using the link below. There is no cost or obligation to you.
ABOUT THE ACTION: According to the filed complaint, the registration statement and prospectus used to effectuate the Company's initial public offering misstated and/or omitted facts concerning Dingdong's so-called commitment to ensuring the safety and quality of the food it distributes to the market. For example, despite claiming that it applies "stringent quality control across [its] entire supply chain to ensure product quality to [its] users," Dingdong sold food past its sell-by date. Consequently, Dingdong was, in fact, no better at providing or assuring access to "fresh" groceries than the supermarkets, traditional Chinese wet markets, or traditional e-commerce platforms it repeatedly claimed to be displacing. Moreover, the foregoing conduct subjected Dingdong to an increased risk of regulatory and/or governmental scrutiny and enforcement, all of which, once revealed, were likely to negatively impact Dingdong's business, operations, and reputation.
Aggrieved Dingdong investors only have until October 24, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent Wong | https://www.mysuncoast.com/prnewswire/2022/09/12/class-action-alert-law-offices-vincent-wong-remind-dingdong-investors-lead-plaintiff-deadline-october-24-2022/ | 2022-09-12T10:28:09Z |
Canton First Friday: Saxy Rob and Trailer Park Ninjas, Erika Katherine art show, kid disco
CANTON – Canton's First Friday will take run 5 to 9 p.m. Aug. 5 in the city's downtown.
Live music, artwork, children's activities and food vendors will be featured.
The ArtsinStark Family Fun area is on Fourth Street between Cleveland Avenue and McKinley Avenue NW.
Live music on the Kempthorn Stage, at Fourth Street and McKinley Avenue NW, will feature Cleveland's Blue Lunch (blues and R&B) at 4:30 p.m. and Akron's The Fiddle Revolt from 7 to 9 p.m.
More:Canton First Friday ready to rock this summer with new look, new games, updated website
Vendors will be along Fourth Street and Court Avenue NW.
Live music at Centennial Plaza, 330 Court Ave. NW along Market Avenue N, includes Saxy Rob at 4 p.m. followed at 6:30 p.m. by Trailer Park Ninjas and SWAGG.
Other music includes Grapes in a Glass, 575 Market Ave N, with Bret Kuhnash.
A Kid Disco DJ experience will be provided by Comet Wanderer Studios on Court Avenue NW between Fifth and Sixth streets. Food trucks will be on Market Avenue N.
Make-and-take art and craft projects will be available throughout the event.
R&J Ballroom, 401 Tuscarawas St W Suit 302W, will be offering a free group ballroom class at the studio at 6:30 p.m. No reservation or partner are necessary.
Downtown businesses also will be open for shopping, including Cookie’s Customs, 310 4th St NW; Cantonology, 306 4th St. NW; Izzy P at Home, 207 Market Ave N; Kendall and Blue Boutique, 217 Second St. NW; Print & Press Shop & Studios. 429 Fourth St. NW; Boomdyada, 332 4th St NW; and Just Imagine gallery, 201 6th St. NW.
Erika Katherine's 'Dust to Diamonds' art show
Erika Katherine will exhibit her work at Patina Arts Centre, 324 Cleveland Ave. NW.
Katherine's newest collection of artwork "explores the idea of time as pressure," the art studio said.
Based in Canton, Katherine creates character sculptures and other pieces made from objects once considered to be trash, as well as polymer, paper clays and epoxy resin.
More:Making art for a Kardashian: Canton sculptor Erika Kathrine gets celebrity commission
A resident artist at The Hub Art Factory, she recently painted a new mural in Umbrella Alley in downtown Louisville, and has created personalized artwork for celebrities Kourtney Kardashian and Travis Barker.
The "Dust to Diamonds" exhibit features artwork made by collecting pieces and parts and trinkets and found objects while adding a combination of resin and polymer clays.
Pieces include "fantastical creatures," as well as dragon eggs. "This exhibition aims to incite wonder," Patina Arts Centre said.
Work from resident artists also will be displayed across two floors of studio space.
David Sherrill exhibit with black velvets, altered motel art
Another First Friday art show will be the "DaveRuinsArt" exhibit at 6:30 p.m. at The Hub Art Factory, 336 Sixth St. NW.
David Sherrill will exhibit black velvets, altered motel art, protest art and weird pieces.
More:Elvis to 'Star Wars': Canton artist promises 'very strange' solo show
Sherrill also operates Arrowhead Vintage and Handmade Goods, 534 Cleveland Ave. NW, where he sells parody paintings and other artsy items.
Dinosaurs and "Star Wars" characters are inserted onto thrift store and motel paintings. The style has gained international business for Sherrill, whose artwork was featured in an article on www.newsweek.com/.
More art shows in downtown Canton
Other art exhibits include:
Juilliard Arts Center/Creative Dreams, 525 Market Ave N, across from Canton Palace Theatre.
Famous American artists will be featured, including Jeff Koons, Andy Warhol and Georgia O'Keeffe.
A canned food drive is inspired by Andy Warhol's famous Campbell's soup piece. A make-and-take paper flower project is inspired by O'Keeffe.
Strauss Studios, 236 Walnut Ave. NE, will host a gallery show from 6 to 9 p.m. featuring the art of Patricia Zinsmeister Parker.
Silo Arts Studio, 431 Fourth St. NW, will present the illustrations of Dave Szalay from 5 to 9 p.m. Szalay is an illustrator, author, designer and University of Akron professor who also will have a book signing. | https://www.cantonrep.com/story/entertainment/2022/08/04/canton-first-friday-has-live-music-art-shows-food-trucks-kid-disco/10182173002/ | 2022-08-04T12:39:18Z |
VERNON, BC, April 22, 2022 /PRNewswire/ -- Doseology Sciences Inc.. (CSE: MOOD) (FSE: VU7) ("Doseology" or the "Company"), a life sciences company focused on mental health and wellness, is excited to announce it has signed a Distribution Agreement with Peak Performance Products Inc. ("Peak") for the distribution of the Company's medicinal mushroom products across Canada.
About Peak Performance Products Inc.
Peak is a leading distributor of innovative and effective products that optimize health and wellness. Peak has a national sales team that solicits distribution to retailers across Canada. With a focus on sports, health, mass retail, e-tail, convenience, grocery, pharmacy, and specialty channels, Peak services over 3,500 locations.
Corporate Update
Doseology is also pleased to provide a corporate update and recap of its achievements following the appointment of Ralph Olson as Chief Executive Officer.
Doseology to be showcased at CHFA West Vancouver Tradeshow
The Canadian Health Food Association is Canada's largest trade association dedicated to natural health and organic products. CHFA's mission is to get more healthy living products into the hands of more Canadians, and their events reflect all the great products that Canadians are looking for. From April 23-24, 2022, Doseology is excited to have its line on display at Booth 1547 in conjunction with its national sales partner, Connect Brand Management. The tradeshow will provide access to leading retailers and distribution partners from across Canada and internationally, who will have the opportunity to learn about the benefits of the Company's medicinal mushroom line.
Doseology Launches on Well.ca
Well.ca is a Canadian e-commerce retailer based in Guelph, Ontario, that specializes in health, beauty, baby, home, and green and natural products. The company was named Best Mid-Size E-Commerce Retailer in 2013 by the Retail Council of Canada. The Doseology Canadian product line now available on Well.ca includes five medicinal mushroom products for cognitive health benefits. Each product is formulated and positioned to compete in both the medicinal mushroom and nootropics markets, and each addresses different market needs, including mood, energy, recovery, sleep and focus.
Recap News
Doseology Announces Management Change
Ralph Olson was appointed interim Chief Executive Officer of the Company. Mr. Olson is a capital markets veteran with 35 years of experience and has helped raise significant capital for both public and private companies in Canada, the United States and Europe. Mr. Olson's extensive financial expertise and experience in mergers and acquisitions will help drive the business forward while navigating this exciting and emerging global sector. With aims to build a strong balance sheet and share price under his leadership, the Company will continue to grow and position its brand as a respected player in the functional fungi and plant-derived drugs sectors.
Doseology Initiates Canadian Retail Sales Strategy Coast to Coast Signing with Connect Brand Management
Doseology is excited to announce it has signed a Brand and Product Representation Agreement with Connect Brand Management, a national CPG firm specializing in sales and marketing for leading natural food and nutraceutical brands, to accelerate the Company's revenue and product rollout in Canada.
Doseology Announces Frankfurt Stock Exchange Quotation
The Company announced its common shares commenced listing on the Frankfurt Stock Exchange on March 17, 2022, under the trading symbol VU7. The listing of Doseology shares on the Frankfurt Stock Exchange represents the first step in the Company's capital markets strategy to improve access and awareness of the Company's shares to global investors.
About Doseology Sciences
Doseology Sciences Inc. (CSE: MOOD) is building a progressive brand focused on mental health and wellness through cultivation, extraction and innovative nutraceutical and pharmaceutical products. Doseology aims to make a meaningful impact on the mental health pandemic by utilizing and developing psychedelic and non-psychedelic compounds within the functional fungi and plant-derived drugs markets. With a vertically integrated approach, Doseology intends to process and distribute products at its facilities in Vernon, British Columbia, in accordance with applicable laws to ensure safe and high-quality production. Doseology's medicinal mushroom products, including tinctures, powders and supplements, are available on doseology.com
For further information contact:
Investor Relations: investor@doseology.com
General Inquiries: hello@doseology.com
Telephone: 236-349-0064
Website:doseology.com
Forward-Looking Statements
This press release contains statements that constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is often identified by the words "may," "would," "could," "should," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect" or similar expressions. Readers are cautioned that forward-looking information is not based on historical facts but instead reflects the Company's management's expectations, estimates or projections concerning the business of the Company's future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance, or achievements. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: changes in general economic, business and political conditions, including changes in the financial markets; decreases in the prevailing prices for products in the markets that the Company operates in; adverse changes in applicable laws or adverse changes in the application or enforcement of current laws; regulations and enforcement priorities of governmental authorities; compliance with government regulation and related costs; and other risks described in the Company's prospectus. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
No securities regulatory authority has either approved or disapproved of the contents of this press release. The Company's securities have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States, or to or for the account or benefit of any person in the United States, absent registration, or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States, or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
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SOURCE Doseology Sciences Inc. | https://www.mysuncoast.com/prnewswire/2022/04/22/doseology-accelerates-rollout-medicinal-mushroom-products-with-national-distribution/ | 2022-04-23T00:31:46Z |
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