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HOUSTON, Aug. 23, 2022 /PRNewswire/ -- Zeus Companies, a real estate lending and investment firm is excited to accept the REDNews 2022 Real Estate award for Mixed-Use Property of The Year for the Heights Forum.
Zeus Companies and founder, Dr. Steven Kaufman, were nominated for six awards in multiple categories by real estate industry peers on behalf of REDNews, a widely respected publication with over 35 years of experience in real estate news.
The Heights Forum, a 24,000 square-foot medical/retail development set on 1.25 acres of land on North Shepherd Drive, won the Mixed-Use Property of The Year award. The Heights Forum is home to the first independent free-standing emergency room in the Heights neighborhood.
"Being recognized for projects that we worked so hard on is incredibly encouraging. The Heights Forum is a ground-up development that has been in progress for over 4 years. It is an honor to complete this development in such an iconic area of Houston and to be celebrated for it," said Dr. Steven Kaufman, founder of Zeus Companies.
The REDNews 2022 Real Estate Awards ceremony took place Thursday night at the Omni Houston Hotel. Zeus Companies was nominated alongside other national companies for numerous awards including, Medical Property of the Year and Redevelopment of the Year. Dr. Kaufman was nominated for Emerging Leader of the Year and Social Media Influencer of the Year.
"I am overjoyed to be acknowledged and nominated for something I am so passionate about. Being a leader defines me and I am ridiculously proud of the team at Zeus and what we are building together," said Dr. Kaufman.
Zeus Companies is both Zeus Lending: a mortgage lender with over 20 years of experience in home and investment property loans, as well as Zeus Investing: an investment company that offers a diverse portfolio of both debt and equity investments. Zeus has successfully made uninterrupted monthly payments through three economic cycles. 94% of investors reinvest with Zeus, namely due to the unique debt and equity investment blend that positions the company well in all market conditions. Learn more at zeuscompanies.com
Contact: Tyler Watson, tyler@zeuscompanies.com
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SOURCE Zeus Companies | https://www.mysuncoast.com/prnewswire/2022/08/23/zeus-companies-wins-2022-real-estate-award-mixed-use-property-year-award/ | 2022-08-23T20:44:00Z |
-- 42% growth in Phexxi® (lactic acid, citric acid and potassium bitartrate) net product sales quarter over quarter --
-- Reduced operating expense by 8% and improved loss from operations by 16% --
-- Completed registrational Phase 3 trial evaluating Phexxi for the prevention of chlamydia and gonorrhea; on track to report top-line data in October 2022 --
-- Conference call scheduled for 5:00 p.m. ET today --
SAN DIEGO, Aug. 4, 2022 /PRNewswire/ -- Evofem Biosciences, Inc., (Nasdaq: EVFM) ("Evofem" or the "Company"), today reported financial results for the three- and six-month periods ended June 30, 2022 and affirmed full-year 2022 guidance.
"We are pleased to report another consecutive quarter of improved operating results - strong revenue growth, lower operating expense, and improved operating loss," said Saundra Pelletier, Chief Executive Officer of Evofem. "We expect ongoing growth will be driven by our sales and marketing initiatives, as well as market access expansion as payers and PBMs continue to add Phexxi to their formularies with no restrictions to comply with federal guidance."
"We look forward to the top-line data readout in October of our registrational Phase 3 trial evaluating Phexxi for the prevention of chlamydia and gonorrhea," Pelletier added. "With no prescription pharmaceuticals approved to prevent these sexually transmitted infections, we believe these potential new indications represent significant upside for shareholders, above and beyond the $7.9 billion U.S. contraceptive market which we continue to increasingly penetrate with Phexxi for hormone-free contraception."
Second Quarter and Recent Highlights:
- Increased Phexxi® (lactic acid, citric acid and potassium bitartrate) net product sales 42% to $6.0 million for the second quarter of 2022 vs. first quarter 2022.
- Increased Phexxi access and approved claim rate through wins with health insurance plans and pharmacy benefit managers (PBMs) including a long-term contract with one of the largest PBMs in the nation, which added Phexxi to its formulary with no restrictions.
- The U.S. government clarified that it will enforce federal law requiring group health plans and health insurance issuers to cover contraception at no cost to participants.
- The Nasdaq Stock Market LLC's Hearings Panel amended its decision to grant the Company's request for continued listing of shares of its common stock on the Nasdaq Capital Market without completing a reverse stock split provided the Company is able to evidence a closing bid price of at least $1.00 per share on August 8, 2022 and each day thereafter through August 22, 2022.
- Closed the second quarter with $19.9 million in unrestricted cash and $1.6 million in restricted cash.
Second Quarter Financial Results
For the three months ended June 30, 2022, Phexxi net product sales increased to $6.0 million, an increase of 42% versus $4.3 million for the three months ended March 31, 2022. The increase reflects higher ex-factory sales and lower gross-to-net adjustments of 40% for the second quarter of 2022.
Total operating expenses decreased 8% to $30.5 million for the second quarter of 2022, compared to $33.2 million in the first quarter of 2022.
- Research and development costs were $7.7 million, compared to $10.4 million in the first quarter of 2022, reflecting lower clinical trial expenses as women exited the registrational Phase 3 trial of Phexxi for the prevention of chlamydia and gonorrhea in women. The last subject last visit occurred in late July 2022.
- Selling and marketing costs decreased to $12.3 million, compared to $12.7 million in the first quarter of 2022.
- General and administrative costs increased to $9.1 million, compared to $9.0 million in the first quarter of 2022.
As a result, loss from operations improved 16% to $24.4 million for the three months ended June 30, 2022, compared to a loss from operations of $28.9 million for the three months ended March 31, 2022.
Liquidity
At June 30, 2022, the Company had $19.9 million in unrestricted cash and $1.6 million in restricted cash, as compared to $7.7 million of unrestricted cash and $5.1 million of restricted cash at December 31, 2021.
In the second quarter of 2022, Evofem raised net proceeds of approximately $18.1 million from the sale and issuance of common stock, common warrants, and pre-funded warrants from an underwritten public offering in May 2022 and approximately $2.0 million from the Company's equity line of credit. During the second quarter and through August 3, 2022, Evofem received $22.4 million from the exercise of common warrants that were issued in the May 2022 underwritten public offering. Shares outstanding were 82,449,214 as of August 3, 2022.
Guidance
Evofem continues to expect net product sales in the range of $30 to $35 million for its 2022 fiscal year, representing 264% to 325% growth year-over-year. Gross-to-net is expected to be 40% or better, trending toward the lower in the second half of the year. The Company remains on track to meet its goal of reducing costs by $50 million in 2022; total operating expenses were $25.3 million lower in the first half of 2022 versus the same period last year.
Conference Call
As previously announced, the Company will host a conference call to discuss its second quarter 2022 financial results and business outlook as follows:
Please connect to the webcast at least 15 minutes prior to the start of the call to download any software that may be required. If participating by phone, please dial in approximately 15 minutes prior to the start of the call.
About Evofem Biosciences, Inc.
Evofem Biosciences, Inc., (Nasdaq: EVFM) is developing and commercializing innovative products to address unmet needs in women's sexual and reproductive health, including hormone-free, woman-controlled contraception and protection from chlamydia and gonorrhea. The Company's first FDA-approved product, Phexxi® (lactic acid, citric acid and potassium bitartrate), is a hormone-free, on-demand prescription contraceptive vaginal gel. It comes in a box of 12 pre-filled applicators and is applied 0-60 minutes before each act of sex. The Company expects to report top-line data in October 2022 from its registrational Phase 3 EVOGUARD clinical trial evaluating Phexxi for two potential new indications – prevention of chlamydia and prevention of gonorrhea in women. Learn more at phexxi.com and evofem.com.
Phexxi® is a registered trademark of Evofem Biosciences.
Forward-Looking Statements
This press release includes "forward-looking statements," within the meaning of the safe harbor for forward-looking statements provided by Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995 including, without limitation, statements, evaluations and judgments related to potential growth, the ongoing development of Phexxi for new indications, including related timelines, top-line data releases and FDA submissions, and future growth of sales of Phexxi and the Company generally, any financial guidance, and the Company's ability to maintain the listing of shares of its common stock on the Nasdaq Capital Market. Various factors could cause actual results to differ materially from those discussed or implied in the forward-looking statements, and you are cautioned not to place undue reliance on these forward-looking statements, which are current only as of the date of this press release. Each of these forward-looking statements involves risks and uncertainties. Important factors that could cause actual results to differ materially from those discussed or implied in the forward-looking statements, or that could impair the value of Evofem Biosciences' assets and business are disclosed in the Company's SEC filings, including its Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on March 10, 2022 and its Quarterly Report on Form 10-Q filed with the SEC on May 10, 2022. All forward-looking statements are expressly qualified in their entirety by such factors. The Company does not undertake any duty to update any forward-looking statement except as required by law. This press release contains estimates and other statistical data made by independent parties and by the Company relating to market size and growth and other data about its industry. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates.
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SOURCE Evofem Biosciences, Inc. | https://www.wibw.com/prnewswire/2022/08/04/evofem-biosciences-announces-strong-second-quarter-2022-financial-results-affirms-2022-guidance/ | 2022-08-04T20:54:39Z |
Close to $2 million in grants to support sustainable green spaces, community centers and housing
PHOENIX, May 16, 2022 /PRNewswire/ -- The Republic Services, Inc. (NYSE: RSG) Charitable Foundation today named 10 grant recipients for its 2022 National Neighborhood Promise® program, a nationwide community revitalization initiative. The grants will primarily support local chapters of national nonprofit organizations – Rebuilding Together, Habitat for Humanity International and NeighborWorks America – to build sustainable green spaces, refresh community spaces and provide housing for those in need.
"We believe it is essential to invest in the communities where our customers and employees live and work, so it's a privilege to support proven organizations delivering critical resources locally," said Jon Vander Ark, president and chief executive officer, Republic Services. "These neighborhood revitalization projects strengthen both our communities and business for the long-term, which is why we've embedded charitable giving into Republic's sustainability goals."
Since 2018, National Neighborhood Promise has provided partner organizations with funding, products and services, serving as an engine for local revitalization efforts. In addition, the Foundation prioritizes volunteerism by providing employees opportunities to give back to the communities in which they live and work. To date, the Foundation has funded nearly 70 National Neighborhood Promise projects and, across all Republic Services' charitable giving efforts, positively impacted nearly 6 million people.
The 2022 Foundation recipients, receiving grants ranging from $125,000 to $250,000, include:
- California: Bracken's Kitchen, Orange County
- Colorado: Rebuilding Together Metro Denver
- Illinois: Rebuilding Together Metro Chicago
- Louisiana: Rebuilding Together Baton Rouge
- Massachusetts: NewVue Communities, Fitchburg
- North Carolina: Rebuilding Together of Greater Charlotte
- Ohio: Famicos Foundation, Cleveland
- Oregon: Mid-Willamette Family YMCA
- Pennsylvania: Rebuilding Together Philadelphia
- Texas: Dallas Area Habitat for Humanity
This year's projects include the construction of community centers, the revitalization of neighborhood playgrounds and the expansion of a meals program for those experiencing food insecurity. In 2022, the Foundation's charitable projects include Baton Rouge, La., and Albany, Ore., for the first time.
This year also represents the continuation of successful past relationships, including the Foundation's second project with Rebuilding Together Metro Chicago – an example of how Republic Services and community leaders are working together to leave a lasting legacy.
"Our ongoing partnership with the Republic Services Charitable Foundation has brought so much joy and relief to Chicago's most vulnerable neighborhoods," said Wanda Ramirez, CEO of Rebuilding Together Metro Chicago. "With the Foundation's help, we plan to repair and revitalize Margaret's Village, a crucial community space for women and families seeking transitional housing. It's this kind of continued impact in the community that inspires our organization to continue to seek out invaluable partners like Republic Services."
The National Neighborhood Promise projects support Republic's long-term sustainability goal to positively impact 20 million people through charitable giving by 2030 and are another way the Company is demonstrating sustainability in action. For more information about the Republic Services Charitable Foundation and the National Neighborhood Promise program, please visit RepublicServices.com/giving.
About Republic Services
Republic Services, Inc. is a leader in the U.S. environmental services industry. Through its subsidiaries, the Company provides superior service offerings while partnering with customers to create a more sustainable world. For more information, visit RepublicServices.com, or follow us at Facebook.com/RepublicServices, @RepublicService on Twitter or Republic Services on LinkedIn.
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SOURCE Republic Services, Inc. | https://www.wibw.com/prnewswire/2022/05/16/republic-services-charitable-foundation-awards-10-national-neighborhood-promise-grants-2022/ | 2022-05-16T14:49:33Z |
Timbers, Thorns come together for charity game
By ANNE M. PETERSON
AP Sports Writer
PORTLAND, Ore. (AP) — Major League Soccer’s Portland Timbers and the Portland Thorns of the National Women’s Soccer League are joining forces for a charity match to benefit relief efforts in Ukraine. Proceeds from the April 27 match will go to UNICEF and the clubs will match donations up to $100,000. Tickets will be free with a suggested donation. Timbers midfielder Diego Chara and Thorns defender Kelli Hubly will captain one team, while Thorns captain Christine Sinclair and Sebastian Blanco will lead the other. | https://localnews8.com/sports/ap-national-sports/2022/04/13/timbers-thorns-come-together-for-charity-game/ | 2022-04-13T22:54:30Z |
CUTE: Nashville Zoo welcomes baby fanaloka
Published: May. 17, 2022 at 12:07 PM CDT|Updated: 44 minutes ago
(CNN) – The Nashville Zoo recently welcomed this cute little creature.
If you are wondering what it is, you aren’t the only one.
Zoo officials say it’s a spotted fanaloka, which is a lesser-known carnivore from Madagascar. He was born on April 29.
The zoo said he’s the first spotted fanaloka to be born in the U.S.
For now, the pup and his parents are living life behind the scenes at the zoo.
There’s been no word on when they’ll be available for their public debut.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.kxii.com/2022/05/17/cute-nashville-zoo-welcomes-baby-fanaloka/ | 2022-05-17T17:51:44Z |
BURNSVILLE, Minn., June 21, 2022 /PRNewswire/ -- Inspired Spine reached the milestone of completing 1,500 Oblique Lateral Lumbar Interbody Fusion (OLLIF) procedures. This minimally invasive surgical technique is designed to improve the performance of lumbar interbody fusions by delivering superior outcomes including less patient recovery time and minimal blood loss, while requiring a procedure duration as short as 30 minutes.
The OLLIF procedure is a minimally invasive lumbar fusion technique that employs an incision of 15mm, produces up to 90% less blood loss than a traditional fusion, and requires no muscle detachment to access the disc space.
Many patients are ambulatory within two hours after surgery and are often discharged the same day. No deep infections have occurred during the first 1,500 procedures.
Inspired Spine has published 8 peer reviewed studies (6 of which are related to the OLLIF procedure). One study that has been published and presented at meetings has demonstrated that, due to its reduced surgical time and shorter required hospital stay duration, the OLLIF procedure has saved hospitals an average of US$9500 per case while improving patient outcomes.
Inspired Spine has also developed two derivative lumbar fusion techniques from the OLLIF approach: 1) MIS-DLIF and 2) MIS-DTIF (Each have a published peer review study). MIS-DLIF is intended to allow minimally invasive lumbar fusions to be successfully performed at L5-S1, overcoming the obstacles presented by the ala of the sacrum and the iliac crest. MIS-DTIF is designed to allow minimally invasive fusion of the thoracic levels of the spine, eliminating the risks associated with traditional thoracic approaches. Inspired Spine is the only provider they are aware of in the country who performs this procedure.
Inspired Spine is a Minnesota based, innovative total spine health company, that offers procedures that optimize the way lumbar fusions are performed and give patients chronic back pain relief. Inspired Spine methods result in less recovery time, less blood loss, and a procedure time as low as 30 minutes. Patients travel from all over the country to receive this revolutionary care. Inspired Spine also holds training labs throughout the year where surgeons come in from around the world to learn this minimally invasive procedure and bring it back to their practices.
Call us at 952-405-6714 for more information on the procedures or to set up a complimentary MRI review.
For more information on Inspired Spine Health please email Mike Hanson.
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SOURCE Inspired Spine | https://www.mysuncoast.com/prnewswire/2022/06/21/inspired-spine-announces-completion-over-1500-ollif-oblique-lateral-lumbar-interbody-fusion-procedures/ | 2022-06-21T17:54:45Z |
WASHINGTON , July 15, 2022 /PRNewswire/ -- GoodFirms, the universally renowned research, ratings, and reviews platform, recently announced the latest list of Best Accounts Payable Software for larger businesses. Using Accounts Payable software to handle vendor or supplier payments can significantly reduce costs by automating the entire process.
Best Accounts Payable Software listed by GoodFirms:
Sage Intacct, QuickBooks Online, Xero, Bill.com, SAP Concur, Tipalti, Zoho Books, AvidXchange, Stampli, PurchaseControl.
Accounts payable software is an intuitive, versatile tool designed for businesses to handle, track, and record every payment management by leveraging a set of customized instructions to run the AP system securely. The AP tools help complete computations automatically with no mistakes compared to manual accounting, and it certainly improves the efficiency of business bank accounts.
Today, it's challenging for businesses to choose the best AP software as there are numerous providers. Here, GoodFirms has assessed and curated the list of most excellent accounts payable software to transform their account operations digitally by reducing accounts' expected workload, human error, and fraud.
"Accounts Payable Software is the best choice for having complete control over the financial data and operations thereby enabling businesses to obtain optimum productivity, flexibility and scalability," says GoodFirms.
Key features of accounts payable software include Approval Management, Automation, Data Extraction, Expense Management, Invoicing, PO Reconciliation, Payment Management, Reporting & Analysis, Vendor Management, and Tax Calculation. The service seekers can choose those AP software that covers all the features precisely meeting their organization's needs to ensure a smooth transition from this system.
With this listing, GoodFirms aims to assist the service seekers in choosing the proper accounts payable software that helps organizations manage their debts and other financial liabilities. Organizations can also take advantage of the advanced filter options for features, pricing models, devices supported, deployment, business size, etc. Furthermore, they can also verify the most reviewed, top-rated tools and select the suitable system.
GoodFirms follows a strict methodology to conduct thorough research based on quality, reliability, and ability to cater to the needs of service seekers. The AP automation software list was created based on several parameters such as the background of each product, the company, years of experience in the domain areas, online market penetration, client feedback, and much more. Only those companies that attained the maximum score made it to the list.
If you are a software service provider and wish to get listed, you can partake in the GoodFirms research processes. Interestingly, gaining the top position among the best service providers will attract the attention of potential prospects, increase productivity, help generate more sales, and earn more profit.
GoodFirms is a Washington, D.C.-based research firm specializing in identifying the most prominent and efficient IT companies and software providers that can automate the tasks of various industries. GoodFirms' industry-wide research, review & rankings help service seekers leap further and multiply their industry-wide value and credibility.
Contact: Sophia Jayden (sophia@goodfirms.co)
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SOURCE GoodFirms | https://www.wibw.com/prnewswire/2022/07/15/goodfirms-publishes-new-list-best-accounts-payable-software-large-businesses/ | 2022-07-15T15:06:16Z |
NEW YORK (WPIX) — The skeleton of a New York City woman who was reported missing in January was discovered accidentally by workers three months later, while they were doing maintenance outside her bedroom window at the public housing complex in Queens.
Nexstar’s WPIX has now learned the woman, Marilyn McMichael, 54, may have been dead since August 2020, however — that’s the last time a page was turned on her calendar.
“Apparently, her windows were open, so the men on the scaffolding saw her in her bed, dead,” said Simone Best Jones, one of McMichael’s foster sisters.
The discovery in Apartment 7-H was made on April 26.
Best Jones and another foster sister, Sharman McElrath, said they first became concerned about McMichael in June 2020, as the first wave of the pandemic was ebbing. They said McMichael called them saying she wanted to go to the hospital.
She had a history of emotional problems, they added.
“She wanted me to take her to the hospital,” Sharman McElrath said. “She didn’t sound sick at all. She sounded a little manic, and I was trying to explain to her they’re not accepting people at the hospital.”
McElrath said she and Best Jones did go to McMichael’s apartment on the seventh floor of the South Jamaica Houses and knocked on the door. They kept calling and got no response.
“We would never get her to come to the door,” Best Jones said, adding that this was not unusual behavior from McMichael. “She wouldn’t talk to us for years, because she didn’t want to.”
But the sisters became concerned as the pandemic stretched beyond a second year.
On Jan. 26, McElrath and Best Jones decided to file a missing persons report and called 911, meeting housing police officers at 106-56 160th Street in the basement New York City Housing Authority (NYCHA) office. McElrath said NYCHA personnel told them McMichael “hadn’t paid rent in over a year.”
The sisters said they met resistance when they tried to file a police report, because NYCHA said they weren’t next of kin.
“They said my parents were on the emergency card,” Best Jones noted, “and I let them know they had both been dead for over twenty years.”
Best Jones said the police officer was on his phone, at one point, saying he was waiting to finish “this stupid call.” The sisters convinced the NYCHA managers and the officer to go with them to the 7th floor, but Best Jones recalled the master key didn’t work on the door.
“And they never tried again,” Best Jones said, “and they said they would. They said they had an investigator that would find her.”
When construction workers saw the skeleton three months later, the sisters said McMichael’s neighbor notified them of the discovery.
“She was treated, to me, less than human,” McElrath said. “You treat a dog better than that.”
A source told WPIX that NYCHA has an emergency services team that can breach a door to do a wellness check.
Neighbors told police they hadn’t seen McMichael in more than a year.
The Medical Examiner’s office confirmed it is conducting tests on McMichael’s skeleton and said it could be four to six months before a cause of death is confirmed.
McMichael’s sister announced her death on Facebook, so that friends who knew the four sisters from Hollis would know that Marilyn McMichael had passed on.
“We wanted her to have a voice through us, knowing ‘I was here, and I had a life on this earth,'” Sharman McElrath said.
“We grew up in foster care in the same home, and we were a family,” Best emphasized. “Four girls.”
According to Best, police said McMichael might have “been on vacation” during the period she was missing.
“Not hearing from her was not uncommon,” Best noted. A couple of years would go by. She was particular — and peculiar.”
A WPIX crew visited the NYCHA office in the basement of 106-56 160th Street and asked to speak to a supervisor, but was asked to leave the building.
When contacted Monday, NYCHA Press Secretary Barbara Brancaccio told WPIX to “reach out to NYPD for more information, as this is a police matter.”
WPIX wrote back and asked why NYCHA wouldn’t have some role in checking on a long-time tenant who hadn’t paid her rent in more than a year. There was no response. | https://cw33.com/news/nexstar-media-wire/workers-see-missing-new-york-womans-skeleton-through-window/ | 2022-05-24T02:27:02Z |
Together We Build a Malaria-Free World
SHANGHAI, April 25, 2022 /PRNewswire/ -- World Malaria Day on April 25, is an occasion that aims to promote global malaria prevention and control. This year, World Malaria Day is marked under the theme "Harness innovation to reduce the malaria disease burden and save lives." Innovation has become the keyword in the fight against malaria worldwide. As the first Chinese brand pharmaceutical product well recognized in Africa, Artesun® (artesunate for injection), self-developed and manufactured by Fosun Pharma, has been used to treat over 48 million severe malaria patients worldwide by the end of 2021, which turned to be a symbol of China's self-developed innovative medicines to the world.
In the 1940s, China reported about 30 million malaria cases annualy[1]. Since August 2016, China has not recorded a single indigenous malaria case, marking a significant achievement in the fight against malaria, which World Health Organization (WHO) hailed as "a notable feat[1]". On 30 June 2021, WHO announced that China was officially certified malaria-free.
The 50th anniversary of the discovery of Artemisinin, a compound helping save lives from malaria around the world
According to WHO, in 2020, there were an estimated 241 million cases of malaria worldwide and 627,000 malaria-related deaths in 85 countries. 96% of which occurred in Africa, with about 80% being children under the age of five[2]. An African child dies of malaria every 55 seconds on average.
Malaria once was a major public health problem in China. In its decades-long battle against malaria, China's continuous and precise prevention and control and its achievements in independent innovation and R&D of antimalarial drugs have made remarkable contributions to the global fight against malaria.
On 23 May 1967, the Collaborative Conference of Researchers on Medicine for Malaria Prevention and Treatment was held in Beijing. Mission 523 has been launched, which focused on the identification of new medicines for malaria prevention and treatment. In 1972, Tu Youyou and her team discovered Qinghaosu or artemisinin (the extracts from Artemisia annua L. / Qinghao) could effectively inhibit malaria parasites, which brought the world a new chapter in the research of antimalarial medicines. Guilin Pharma, a subsidiary of Fosun Pharma joined Mission 523 to further study and develop artemisinin derivatives. Artesunate was chemically synthesized on the basis of artemisinin by Guilin Pharma in 1977. One year after, artesunate for injection was developed, which solved the problem of water solubility of artemisinin compounds.
In 1987, Guilin Pharma was authorized the China No. X-01 Class I New Drug Certificate for artesunate by the Chinese Ministry of Health, and the No. X-02 New Drug Certificate for artesunate for injection. The worldwide use of artesunate in the treatment of malaria patients has helped to save millions of lives. Artesuante has been listed as one of the essential antimalarial medicines by WHO since 2000.
To help save more lives from malaria, Fosun Pharma takes innovation as its core driver for sustainable growth and continues to improve its products' quality and upgrade its manufacturing management standards. On 21 December 2005, artesunate tablet innovated by Fosun Pharma became the first pharmaceutical product prequalified by WHO, representing a zero breakthrough for the Chinese pharmaceutical industry. At the end of 2010, with the publication of a cover page article in the Lancet on the results of an international clinical trial on Artesun® (artesunate for injection) from Fosun Pharma, Artesun® (artesunate for injection) was also granted WHO prequalification. In early 2011, WHO revised the Guidelines for the Treatment of Malaria, changing the first-line treatment of severe malaria from quinine to artesunate for injection.
Participation in the fight against malaria in Africa with continuous innovation in developing new medicines and measures for malaria prevention and treatment for children
The fight against malaria has always been a top priority of China's medical and health assistance to Africa. Since 2006, Fosun Pharma has actively participated in the Chinese government's China Aid antimalaria project in Africa. The company also carried out various public welfare activities and international malaria research cooperation to help improve the local malaria control capacity in Africa. Fosun Pharma has been a core supplier of antimalarial medicines to the Global Fund, UNICEF, WHO, and national drug procurement centers in Africa.
From treatment to prevention, Fosun Pharma continues to provide more prevention and treatment solutions for malaria patients, especially children. In August 2018, Fosun Pharma's SPAQ-CO® Disp (co-packed sulfadoxine-pyrimethamine dispersible tablets and amodiaquine dispersible tablets), which indicated for the prevention of malaria in children, was pre-qualified by WHO (WHO-PQ). By end of 2021, around 175 million children in high malaria transmission African countries had benefited from the "Seasonal Malaria Chemoprevention Program", for which SPAQ-CO® Disp is used as the core drug. SMC with SPAQ-CO® Disp effectively reduced the morbidity of malaria in children under five years old in Africa.
Fosun Pharma's antimalarial product portfolio covers malaria prevention, and treatments of complicated and severe malaria. As of January 2022, Fosun Pharma has 30 antimalarial products prequalified by WHO, including 26 finished dosage forms and 4 APIs, making Fosun Pharma the leading antimalarial drug manufacturer with the most certifications.
After more than 15 years of operation in Africa, Fosun Pharma has established a sales and marketing network in 39 countries and regions in Africa, ensuring the continued availability of medicine and healthcare products such as antimalarial medicines in Africa.
Since 2020, the COVID-19 pandemic has spread worldwide, which brought critical challenges to the global malaria responses. According to the World Malaria Report 2021 released by the WHO, approximately two-thirds of the additional deaths (47,000) in 2020 were linked to disruptions in the provision of malaria prevention, diagnosis and treatment during the COVID-19 pandemic[3].
As a global innovation-driven pharmaceutical and healthcare industry group deep-rooted in China, Fosun Pharma has actively responded to the call of the WHO. While striving to ensure the antimalarial drug supply to the global market, Fosun Pharma has accelerated the technological innovation of COVID-19 products to secure the supply of relevant materials and strategic products., so as to continuously contribute to the prevention and control of the pandemic.
"Malaria is a global public health issue that attracts extensive concern," said Wu Yifang, Chairman and CEO of Fosun Pharma. "We always adhere to innovative R&D and uphold the mission of helping the world eliminate malaria as our corporate social responsibility. Fosun Pharma's global operational networks will further improve the availability and affordability of antimalarial medicines and other medical products in Africa. In addition, we strive to contribute to the achievement of the Global Technical Strategy for Malaria 2016-2030 proposed by WHO to control and eliminate malaria."
About Fosun Pharma
Founded in 1994, Shanghai Fosun Pharmaceutical (Group) Co., Ltd. ("Fosun Pharma"; stock code: 600196. SH, 02196. HK) is a global innovation-driven pharmaceutical and healthcare industry group deep-rooted in China. Fosun Pharma directly operates businesses including pharmaceutical manufacturing, medical devices, medical diagnosis, and healthcare services. As a shareholder of Sinopharm Co., Ltd., Fosun Pharma expands its areas in the pharmaceutical distribution and retail business.
Fosun Pharma is patient-centered and clinical needs-oriented. The company enriches its innovative product pipeline through diversified and multi-level cooperation models such as independent research and development, cooperative development, license-in, and in-depth incubation. Fosun Pharma has formed technological platforms for innovative small molecule drugs, antibody drugs, and cell therapy with a focus on key disease areas including oncology and immunomodulation, metabolism and digestive system, and central nervous system. Fosun Pharma also vigorously explores cutting-edge technologies, such as RNA, oncolytic viruses, gene therapy and PROTAC, to enhance its innovation capabilities.
Guided by the 4IN strategy (Innovation, Internationalization, Integration, and Intelligentization), Fosun Pharma will uphold the development model of "innovation transformation, integrated operation, and steady growth", with the mission of creating shareholder values as well as promoting the global networks through strengthening its innovative R&D and in-licensing ability and enriching its product pipelines. Fosun Pharma will actively promote the digital and physical business layout in the pharmaceutical and healthcare industry and is committed to becoming a first-class enterprise in the global mainstream medical and health market.
For more information, please visit our official website: www.fosunpharma.com.
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SOURCE Fosun Pharma | https://www.wibw.com/prnewswire/2022/04/25/world-malaria-day-fosun-pharmas-self-developed-artemisinin-series-become-symbol-chinas-innovative-medicines/ | 2022-04-25T10:30:13Z |
XIAN, China, June 30, 2022 /PRNewswire/ -- Bon Natural Life Limited (Nasdaq: BON) ("BON" or the "Company"), one of the leading bio-ingredient solutions providers in the natural, health and personal care industries, today announced the appointment of Jeffrey Guzy, as a new independent Director to its Board of Directors and as Chair of the Audit Committee, both effective June 28, 2022. Effective June 27, 2022, Mr. Christopher Constable resigned as a director of the Company for personal reasons and stepped down as a member and chairman of the audit committee of the Board. The resignation of Mr. Constable did not result from any dispute or disagreement with the Company or the Board on any matter relating to the Company's operations, policies or practices.
Mr. Jeffrey Guzy has had key executive positions at several large international companies, including Loral Space, Sprint International, Verizon and IBM. Mr. Guzy is a private investor and advisor to Aprize Satellite and to several other hi-tech companies. Mr. Guzy has an MBA in Strategic Planning and Management from The Wharton School of the University of Pennsylvania, an M.S. in Systems Engineering from the University of Pennsylvania; a B.S. in Electrical Engineering from Penn State University; and a Certificate in Theology from Georgetown University. Mr. Guzy's extensive business and financial oversight experience led to the conclusion that he should serve as a director and qualify as an audit committee financial expert.
Mr. Yongwei Hu, CEO and Chairman of BON stated, "We thank Chris for his service to us as our board member and wish him all the best in his future endeavors. At the same time, we are excited to welcome Jeffrey as a new independent director to BON's Board. Jeffrey' experience will complement our existing directors' skills and experiences, and he will provide critical insight and direction as we continue to expand our operations. We look forward to Jeffrey' contributions and expect to leverage his financial and governance experience in furtherance of our growth in the coming years."
About Bon Natural Life Limited
The Company focuses on the manufacturing of personal care ingredients, such as plant extracted fragrance compounds for perfume and fragrance manufacturers, natural health supplements such as powder drinks and bioactive food ingredient products mostly used as food additives and nutritional supplements by their customers. For additional information, please visit the Company's website at www.bnlus.com.
Safe Harbor Statement
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the natural, health and personal care market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.
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SOURCE Bon Natural Life Limited | https://www.wibw.com/prnewswire/2022/06/30/bon-natural-life-limited-announces-change-board-composition/ | 2022-06-30T21:39:15Z |
TORONTO, July 25, 2022 /PRNewswire/ - Toronto-based global cyber insurance specialist BOXX Insurance today announced the appointment of Eric Newman as its Chief Operating Officer, and Steve Penney as Chief Technology Officer.
BOXX is modernizing cyber insurance and uses advanced technology to identify and address cyber threats proactively.
Newman will support the development of BOXX's strategic growth agenda leading strategic planning, governance, legal and compliance functions. He will further strengthen BOXX's leadership team as the company continues to scale globally.
"I am delighted to be joining the team at BOXX and am thrilled about the growth agenda ahead of us," said Newman. "This is an incredibly exciting time for BOXX."
Based in Palo Alto, Newman brings deep expertise in building and scaling innovative security and fraud prevention technologies. Prior to joining BOXX, Newman held leadership roles at both publicly held and private companies, including PayPal, Simility, RiskIQ, Pindrop, RSA Security, and Silvertail Systems.
As Chief Technology Officer, Penney will lead BOXX's technology and data strategy, championing BOXX's product-led growth and market expansion.
"The challenge to develop BOXX's technology organization from the ground up, sitting at the junction between insurance, technology and data, delivering ground-breaking innovation is a fabulous opportunity one rarely gets," said Penney.
Penney joins BOXX from Deloitte, where he led digital technology, commerce and transformation initiatives for many leading organizations. Prior to this, Penney led the Digital Transformation team at TELUS Communications, where he was responsible for the delivery, management and governance of TELUS' digital consumer applications products and platforms.
"I am delighted to further strengthen our leadership team," BOXX's Co-founder and CEO, Vishal Kundi said. "As we gear up for the next phase of growth, I am excited to welcome Eric and Steve. They bring deep expertise and experience and their appointments underline our ability to attract talented individuals to our team."
BOXX Insurance Inc. helps businesses, individuals and families insure and defend against cyber threats. BOXX Insurance Inc. is privately-held with headquarters in Toronto, Canada. BOXX's vision is to help businesses, individuals and families stay ahead of, respond to and recover from cyber threats, putting their digital safety first. For further information, please visit www.boxxinsurance.com
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SOURCE BOXX Insurance | https://www.mysuncoast.com/prnewswire/2022/07/25/cyber-insurtech-boxx-insurance-supercharges-leadership-team-with-appointments-paypal-deloitte/ | 2022-07-25T06:23:38Z |
With Pride celebrations scheduled throughout the month in cities big and small across the country, organizers and police departments are taking a close look at their safety plans.
Pride Month is a time when the LGBTQ community and its allies come together to celebrate the freedom to be their most authentic selves. But on Saturday, 31 men believed to be linked to a White nationalist group allegedly attempted to rob the community in Coeur d'Alene, Idaho, of that experience.
Over two dozen men were arrested after an alarmed 911 caller reported a group dressed like a "little army" getting into a moving truck. The group was headed to a Pride in the Park event at Coeur d'Alene City Park and had plans to riot, police said.
When Debra Porta, executive director of Pride Northwest Inc., heard about what happened in Idaho, she felt "disappointment that we still face this kind of thing and reminded that our communities are stronger together than they are apart," she told CNN in a statement.
Porta has been volunteering with Pride Northwest since 2006 and said safety has always been a top priority at the annual event and this year is no different.
Their security strategy entails a combination of local law enforcement, private security, de-escalation teams and infrastructure support from several local jurisdictions, she said. Portland Pride Waterfront Festival in Oregon is scheduled for this weekend.
Over 2,000 miles away, Chicago will also be celebrating this weekend and David O'Neal Brown, Chicago's superintendent of police, said during a Monday news conference he wanted "to put those who might be planning something on notice that we are going to be vigilant to ensure that this event, as well as others, go off safely."
Threats to the city's celebrations will not be tolerated, Brown said.
In San Francisco, the city's Pride parade is scheduled for June 26.
"This week marks six years since the Pulse tragedy, and we commemorate the loss of so many lives taken from us, Carolyn Wysinger, board president of San Francisco Pride told CNN in a statement. Forty-nine people were killed at the gay nightclub in Orlando by an American-born man who'd pledged allegiance to ISIS.
"We have always been vigilant when it comes to safety and are working on a very coordinated basis with local law enforcement, city and community leaders to ensure this year's Pride is safe and people can enjoy themselves knowing we are taking every precaution possible," Wysinger said.
It's not just bigger cities giving their security measures a second look. Oklahomans for Equality, the organizers of Tulsa Pride, said it had increased security measures following a mass shooting at a Tulsa hospital this month.
"We have heightened our security measures with bag checks at every entrance, increased security personnel throughout the festival grounds, and, as always, no weapons will be allowed at Tulsa Pride," Alex Wade, deputy director of Oklahomans for Equality, said in a Monday statement. "We ask that festivalgoers not engage with antagonistic protestors. Proving a point is not worth risking your safety."
His message for attendees: Stay together, stay safe, go with someone you trust and remain alert.
At a time where many communities are ramping up their safety protocols, organizers in New York City said they're not making any changes to protocols or event schedules as a result of the incident in Idaho.
Last month, NYC Pride announced a new set of policies around safety, wellness, accessibility, sustainability and efforts to reinforce its commitment to ensuring the safety of festivalgoers, the organization said. "Based on our existing safety plans we are not making any changes in response to this particular incident," NYC Pride spokesperson Dan Dimant told CNN in a statement.
In 2021, NYC Pride and Denver Pride publicly banned corrections and law enforcement exhibitors from marching and participating in their uniforms. Similarly in San Francisco, organizers originally decided May 11 that off-duty police officers who march in the June 26 parade wouldn't be allowed to wear their uniforms. Organizers have amended that policy to say all first responders will march in one contingent, with command staff wearing their mandated uniforms and a small number of LGBTQ officers in uniform will provide security for the contingent, according to a statement. All of these officers will be on-duty, a spokesperson for the organizations said.
Participation by uniformed law enforcement at Pride events can seem threatening or dangerous to an LGBTQ+ community that over decades has been targeted with excessive force, even if their presence is intended to foster a sense of community and safety, advocacy groups have said.
Additionally, NYC Pride staff and executive board go through active shooter training annually, he said.
Mirroring San Francisco's plan to work closely with law enforcement, organizers from Denver PrideFest and Seattle Pride say they are doing the same for their celebrations scheduled for the end of the month.
After two years of postponed Denver PrideFest events due to the pandemic, the organization said it's excited for this year's festivities.
As a direct result of what happened in Idaho, the Seattle Police Department and Iron Oak Security, Seattle Pride's privately contracted security company, will increase the number of Seattle police officers at the parade to a "couple hundred" in addition to roughly 80 Iron Oaks officers, Krystal Marx, the executive director of Seattle Pride, told CNN.
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™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/how-pride-events-nationally-are-responding-after-a-white-supremacist-group-allegedly-planned-to-riot/article_22481f92-0f7b-5a8b-8d6c-ab6c6de5efa9.html | 2022-06-14T14:43:54Z |
Senate set to vote to ratify adding Sweden, Finland to NATO
WASHINGTON (AP) — The Senate was set Wednesday to ratify NATO membership for Finland and Sweden, with overwhelming bipartisan support expected for quickly expanding the Western military alliance in response to Russia’s invasion of Ukraine.
Senate minority leader Mitch McConnell, who visited Kyiv and the region earlier this year, urged a unanimous show of approval. Speaking from the Senate floor, McConnell cited the two Nordic nations’ well-funded, modernizing militaries and their experience working with U.S. forces and weapons systems, calling it a “slam-dunk for national security” of the United States.
“Their accession will make NATO stronger and America more secure. If any senator is looking for a defensible excuse to vote no, I wish them good luck,” the Senate Republican leader said.
Sen. Josh Hawley, a Missouri Republican who often aligns his positions with those of the most ardent supporters of former President Donald Trump, has said he plans to vote against the two nations’ NATO membership. Hawley argues the United States should focus on Asia, not Europe.
Senators have invited the ambassadors of the countries to witness the debate and vote, which would open a new era for the North Atlantic Treaty Organization. President Joe Biden has sought quick entry for the two previously non-militarily aligned northern European allies, and approval of the ratification resolution has vast bipartisan support in Congress.
“Our NATO alliance is the bedrock that has guaranteed democracy in the Western world since the end of World War II,” said Senate Majority Leader Chuck Schumer, D-N.Y.
Schumer said he and McConnell, R-Ky., had committed to the country’s leaders that the Senate would approve the ratification resolution “as fast as we could” to bolster the alliance “in light of recent Russian aggression.”
A late-afternoon vote was expected after debate on the measure and amendments. One amendment from Sen. Rand Paul, R-Ky., would ensure that NATO’s guarantee to defend its members does not replace a formal role for Congress in authorizing the use of military force. Another from Sen. Dan Sullivan, R-Alaska, would declare that all NATO members should spend a minimum of 2% of their gross domestic product on defense and 20 percent of their defense budgets on “major equipment, including research and development.”
NATO’s 30 member countries are in the process of considering the addition after Sweden and Finland set aside their longstanding stance of military nonalignment. It was a major shift of security arrangements for the two countries after neighboring Russia launched its war on Ukraine earlier this year.
The U.S. and its European allies have rallied with newfound partnership in the face of Russian President Vladimir Putin’s aggression, strengthening the NATO alliance first formed after World War II.
Biden sent the protocols to the Senate for review in July, launching a notably speedy process in the typically divided and slower-moving chamber.
Each member country in NATO needs to approve the accession of new members. The process ran into trouble when Turkey raised concerns over adding Sweden and Finland, in part because it views the two countries as soft on banned Turkish Kurdish exile groups. But the process has continued to move forward despite those early reservations.
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Follow AP’s coverage of NATO at https://apnews.com/hub/nato.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/08/03/senate-set-vote-ratify-adding-sweden-finland-nato/ | 2022-08-03T19:46:34Z |
CHARLOTTE, N.C. and LONDON, Aug. 8, 2022 /PRNewswire/ -- The Bank of London, the world's first purpose-built global clearing, agency, and transaction bank, today announced its intention to expand its United States (US) footprint by opening its US Global Platform & Services headquarters in Charlotte, North Carolina, creating 350 new jobs by 2026 across numerous disciplines.
New positions at the US Global Platform and Services division will include software development, compliance and risk, technology operations, infrastructure engineering and business operations. Mecklenburg and surrounding counties can expect an annual payroll impact of nearly $33 million when fully staffed.
The Bank of London has already taken a 11-year lease on a forty-thousand square foot floor of One Independence Center at the energetic intersection of Trade and Tryon in the heart of Charlotte's Central Business District.
The opening of the Bank's US Global Platform and Services division in Charlotte brings access to a strong and deep new talent pool. Charlotte is the second largest banking city in the US after New York, where The Bank of London has its US headquarters. With its vibrant banking ecosystem, and appealing city lifestyles and amenities, which attract professionals from across the US, Charlotte is an excellent choice for The Bank of London.
Vi Lyles, Mayor of Charlotte, said: "With The Bank of London building its technology hub in Charlotte, we continue to demonstrate that Charlotte is the epicentre of where finance and technology converge. This announcement further builds on our strategic international partnerships, and I look forward to seeing The Bank of London's growth in our city."
Anthony Watson, Group Chief Executive & Founder of The Bank of London, said: Without doubt Charlotte has some of the best bank technology and business talent that the US – and the world – has to offer. I should know. I spent some of the happiest years of my working life in Charlotte when employed by Wachovia Bank (now Wells Fargo). I'm beyond delighted to once again work in the Queen City as we transform banking for the betterment of all."
Jim Ditmore, Co-President & Group Operating Officer of The Bank of London, said: "The Bank of London has truly game-changing and patented technology that will power the borderless economy of the future. We will be continuing to invest heavily in our technology offering for clients and we've chosen Charlotte as a key location to drive our agenda forward, enabled by Charlotte's unique combination of banking talent, technologists, and financial business leaders."
About The Bank of London
The Bank of London launched 30th November 2021 as the sixth principal clearing bank of the United Kingdom, and only the second clearing bank in 250 years. With a $1.1 billion valuation, it is the first pre-revenue bank in history to attain 'unicorn' status upon debut.
The Bank of London is a leading-edge technology company and the world's first purpose-built global clearing, agency, and transaction bank. We leverage our patented technology innovations and differentiated bank capabilities to lift economies and communities by powering the borderless economic infrastructure of the future.
With headquarters in London and offices in New York, Charlotte and Belfast, The Bank of London is a principal clearing bank of the United Kingdom authorised by the Bank of England's Prudential Regulation Authority and regulated by the Financial Conduct Authority.
For more information visit: thebankoflondon.com, or on Twitter and Instagram at: @thebankoflondon.
About Crescent Communities
Crescent Communities is a nationally recognized, market-leading real estate investor, developer and operator of mixed-use communities. We create high-quality, differentiated multifamily and commercial communities in many of the fastest growing markets in the United States. Since 1963, our development portfolio has included more than 77 multifamily communities, 24 million square feet of commercial space and 60 single family master-planned communities. Crescent Communities has offices in Charlotte, DC, Atlanta, Orlando, Nashville, Dallas, Denver, Phoenix and Salt Lake City. Our residential communities are branded NOVEL, RENDER and HARMON by Crescent Communities and our industrial developments are branded AXIAL by Crescent Communities.
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SOURCE The Bank of London | https://www.kxii.com/prnewswire/2022/08/08/bank-london-announces-multimillion-dollar-investment-charlotte-creation-350-new-jobs/ | 2022-08-08T12:34:57Z |
SEBASTOPOL, Calif., Sept. 8, 2022 /PRNewswire/ -- Bachan's, an authentic Japanese Barbecue Sauce brand led by founder and CEO Justin Gill, is announcing a $13 million Series A funding round led by private equity firm Sonoma Brands Capital. Existing investor Prelude Growth Partners and New Fare Partners also participated in the round, along with prominent Asian American personalities, such as RVCA founder and president, Pat Tenore, and American filmmaker, Destin Daniel Cretton. The transaction underscores strong investor confidence in Bachan's continued success and growth trajectory, and the investment will further accelerate Bachan's rapid retail expansion, team, and product innovation.
Inspired by founder Justin Gill's multi-generational family recipe, Bachan's launched in 2019 in Sebastopol, California. The brand boasts a product portfolio of four core Japanese Barbecue Sauce flavors – The Original, Hot and Spicy, Yuzu, and Gluten-Free, which are available at more than 11,000 retail doors nationwide, including Costco, Whole Foods Market, Sprouts Farmers Market, Target, Kroger, H.E.B., Bristol Farms, Gelson's Market, The Fresh Market, Fresh Thyme, and more. Bachan's is increasing distribution with rolling out to Publix and Albertsons nationwide in the fourth quarter of this year. The Company also sells online at www.bachans.com and holds five of the top 10 best-selling BBQ sauce rankings on Amazon.com.
Named after Justin's grandmother, who is known to the family as Bachan, the Company has established a cult-like following of consumers who have adopted a versatile approach with the products, using them not only for barbecue but also as a marinade, finishing sauce, dipping sauce, stir-fry sauce, and even as salad dressing. With this funding round, Bachan's will continue to expand its distribution footprint and focus on product innovation.
"Bachan's was born out of a family recipe and family has always been at the forefront of everything we do," says founder Justin Gill. "Today, I am proud to expand our Bachan's family to include Jon Sebastiani and the team at Sonoma Brands Capital. When I decided that it was time to bring on an investor that could help grow the brand alongside our current investment partners, and best set up Bachan's to meet its full potential, I purposefully selected Sonoma based on our shared values and this partnership along with Sonoma's retail and digital expertise will be instrumental in building Bachan's into the Japanese American food brand I know it can be."
Additionally, Sonoma Brands Capital's Managing Partner Jon Sebastiani is joining Bachan's Board of Directors. "We are so proud to partner with a Sonoma County founder. Justin's mission in bringing his family recipe to life in Bachan's has been nothing short of visionary thus far, and I look forward to continuing to build on the massive retail momentum that he and his team have built," says Sebastiani. "We have been extremely impressed by the rapid adoption and distribution success that Bachan's has recently achieved, delivering impressive growth for the brand and representing the fastest growing condiments brand in the country. We are struck by the broad usage occasions that the brand's passionate following has adopted with its products over time. Bachan's caters to the preferences of the new age consumer and these consumers clearly view its products as a modern-day hot sauce, soy sauce, marinade, dressing, and even ketchup. We're finding that consumers are not only using Bachan's in their scrambled eggs or breakfast in the morning, but also as an enhancement to their bowls or vegetables for lunch, and most definitely in their everyday dinner recipes. There is significant opportunity for Bachan's to become a definitive leader in the global condiments category and we look forward to working with Justin and the team."
Since its launch, Bachan's has demonstrated an impressive growth trajectory and Sonoma Brands Capital, along with Prelude Growth Partners, New Fare Partners, and the rest of the individual investors look forward to supporting the company as it capitalizes on the growing sauces and condiments category, expands into additional key retailers, and becomes a defining pantry staple as the first and only Japanese Barbecue Sauce brand in the country.
Sonoma Brands Capital is a private equity firm focused on the growth sectors of the consumer economy. Sonoma Brands Capital partners with bold, innovative founders on their way to building the world's next enduring brands across the physical and digital landscape. As omnichannel investors, Sonoma Brands Capital makes minority and control investments in growth-stage consumer businesses across core categories of food & beverage, beauty, personal care & wellness, pet, home & lifestyle, and consumer services and technology. Representative past and present partner companies include Milk Bar, Guayaki, Hu, Krave Jerky, True Botanicals, Versed, Merit, Mixlab, Made by Nacho, Manual, Hum Nutrition, Vintage Wine Estates, and Beekeepers Naturals.
To learn more please visit sonomabrands.com
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SOURCE Bachan's | https://www.mysuncoast.com/prnewswire/2022/09/08/bachans-completes-13-million-series-funding-round-led-by-sonoma-brands-capital/ | 2022-09-08T15:16:02Z |
HO CHI MINH CITY, Vietnam, April 18, 2022 /PRNewswire/ -- TAGO, a UK-registered tech startup aims to connect the people who are in need of mental help with the appropriate support within an application. User can now receive consultation from the best available mental advisors with just a click. By applying blockchain technology, Tago will helps users have double benefits. They can find the solution for their mental health problems, and earn tokens through the "Talk to Earn" activities.
Mental health problems are on the rise. This is particularly serious as the COVID–19 pandemic has led to an increasing need of new & safe approaches to help prevent the spread of mental illnesses.
The global mental health market size was US$ 391.3 billion in 2021. With a compound annual growth rate of 3.9%, it is forecast to grow to US$ 551.1 billion in 2023.
According to the National Institute of Mental Health, in 2019, nearly 1 in 5 U.S. adults lived with a mental illness. Estimates were that only half of those afflicted received treatment. Early treatment is very essential for them. Thus, the growing prevalence of the diseases will surge the growth of the global mental health market. Therefore, the need to develop the convenient and low-cost solutions for patients will help increase the market growth.
Tago, with a solution that is connecting those who are in need of mental help with an advisor through a mobile app, is leading the market today. The integration of blockchain on Tago app, which is a great revolution, creates a pioneering Web 3 in mental health for the world. It leads to the new way to a mental metaverse, called Tagoverse. With Tagoverse, users can find the right advisor with an affordable price, and earn Tago Tokens. Tago's token is a utility token, issued to fund Tago Blockchain project and can be kept and used within Tago Community for Tago's users and mental advisors. It enables community members to use for their spiritual needs, from meeting with mental advisors, joining the EQ courses, exchanging spiritual items, participating in spiritual events, to joining all the other activities in Tago Metaverse (Tagoverse) such as meditation, yoga, temple, church, tarot and horoscope. In addition, Tago token holders can also join in the staking programme to earn more rewards, have the voting rights and premium access.
Some special and interesting activities are only available in Tagoverse to earn Tago Tokens, such as NFT Market Place. Because of the mental health platform, the NFTs on Tago will be in the form of antiques, spiritual items. It is such a huge potential market. Users can create or collect these NFTs to exchange, or for their collection, buy and sell.
You can also earn Tago Tokens through an extremely interesting and breakthrough activity called "Talk to Earn". Both users and advisors can receive rewards through chatting, consulting with the virtual assistant, TagoSoul. It is the world's first NFT mental health AI assistant. It means that we all need a soul to live and evolve. You can chat with TagoSoul, a truly friend. This helps you easily find the solutions for your mental health problems. Milions of people can chat with AI TagoSoul to balance their emotions, take care of their spirits, find relaxation, and earn rewards by Tago Tokens through the TALK TO EARN activity. You can read more about Tagoverse right here.
Tagoverse is attracting the interest of a lot of people. It shows that mental health is receiving special attention from the community. With great growth potential and the market size, "Talk to Earn" will be the hot search in 2022.
Learn more about Tago at the global community: t.me/tagoofficial_global
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SOURCE TAGO VIETNAM | https://www.wibw.com/prnewswire/2022/04/19/mental-metaverse-tago-leads-world-applying-blockchain-mental-health-care/ | 2022-04-19T03:14:18Z |
The Texas Department of Transportation will hold meetings on the proposed “Lake to Lake” road, an extension of FM 2271, in-person and online starting at 4 p.m. Thursday.
The in-person meeting is set for 4-6:30 p.m. Thursday at the Bell County Expo Center, 301 W. Loop 121 in Belton.
The virtual public meeting will be posted on the TxDOT website beginning at 4 p.m. Thursday and remain online through 11:59 p.m. Friday, April 29, the website said. “Please note that this is not a live event. The materials can be viewed at your convenience,” the TxDOT site said.
City of Belton officials indicated support for two of the six alternatives given by TxDOT, citing the city’s long-range plan and right-of-way plans that had already been made.
“With the rapid population growth of Belton and Bell County, the need for improved traffic flow, identified over 20 years ago, has now become urgent,” Belton Mayor Wayne Carpenter said in an email to TxDOT in December 2021.
Carpenter expressed “strong support for Alternative B with Alternative E being my second choice due to the possible environmental concerns that might arise with any construction in the Miller Springs area. Also, only Alternative B and E are consistent with our city’s Strategic Plan for improving traffic safety and mobility.”
Belton City Manager Sam Listi, in a December 2021 email to TxDOT, said the “Lake to Lake” Road concept was originated by then-Belton Engineer Jim Cowan in the late 1990s. Belton added the project to its Thoroughfare Plan, advanced it through its partnership with others, and began securing right of way of 150 to 200 feet in advance of development in 2001.
“The original identified objective of enhanced north-south circulation in Central Bell County, and the local and regional effort to achieve it over the past 20 years should be acknowledged, even as TxDOT objectively evaluates current needs and issues in determining a preferred alignment,” Listi said.
A TxDOT report listed Alternative B as also called the FM 2271 South Extension. Alternative E is also called the FM 2271 South Extension with a New Bridge. The difference in the two options is Alternative E would have a new road and bridge to the east of existing FM 2271. If recommended, the bridge would be analyzed for potential environmental impacts to Miller Springs Park.
Both alternatives preferred by Belton officials would extend from Interstate 35 at FM 2484 on the south end to FM 2271 at FM 2305 on the north end. Elements of the alternatives include: re-alignment of North Wheat Road south of Sparta Road, a new road connecting North Wheat Road to Boxer Street, a new road from North Wheat Road and Sparta Road to FM 439 and safety improvements for FM 2271 over Belton Lake Dam. The existing FM 2271 segment that passes over Belton Lake Dam would not be widened in either of the alternatives preferred by Belton officials.
But there are other options, and public feedback is encouraged.
In a November 2021 meeting, residents in some of the areas where the proposed road might go voiced concerns.
Other options include:
Alternative A, also called the North/South Connection. It extends from I-35 at FM 2484 on the south end to State Highway 317 at FM 2305 on the north end. It would have a new road from State Loop 121 at FM 439 to State Highway 317, with capacity and safety improvements along 317, Loop 121, FM 1670, and FM 2484.
Alternative C, also called FM 439 to New Bridge, was modified using input from the Stakeholder Working Group, TxDOT reported. The project would extend from FM 439 at Quarry Road to FM 2305 at Starlight Drive. Other elements of this alternative include: the new bridge east of existing FM 2271, capacity and safety improvements along FM 439, improvements to FM 2271 north of the Lake Belton Dam, capacity improvements to FM 2305, intersection improvements at FM 439 at FM 2271, and FM 2271 at FM 2305, and new extension of George Wilson Road to FM 439.
Alternative D, also called State Loop 121 to FM 2483 via New Bridge, extends from I-35 at Loop 121 on the south end to State Highway 317 at FM 2483 via the new bridge east of existing FM 2271. Elements of this alternative include: Intersection improvements at I-14, FM 439, FM 2305, and I-35; capacity improvements along 439; and capitalizes on the planned widening of State Loop 121 from FM 439 to I-14 to a 4-lane divided typical section.
Alternative F, also called Existing Network Improvements, consists of improvements to several roadways within the study area. Elements include: Capacity and safety improvements along existing Highway 317, Loop 121, FM 1670, FM 93, FM 439, FM 2484, Sparta Road, and George Wilson Road and safety improvements along existing FM 2271. Existing FM 2271 over Belton Lake Dam would not be widened.
“Extending FM 2271 could increase connectivity in the area by offering additional travel options to residents and visitors,” the TxDOT site said. “Recommendations resulting from this feasibility study will need to go through the Killeen-Temple Metropolitan Planning Organization prioritization process, as well as TxDOT’s project development process prior to any construction. Members of the public can review the results of the preliminary alternatives evaluation and can provide feedback on the alternatives being recommended for the inclusion in the feasibility study report.” | https://www.tdtnews.com/news/business/article_ad80ba3c-bac8-11ec-89ec-779079e466c0.html | 2022-04-13T02:47:12Z |
Federal investigators look into fatal Missouri Amtrak accident
MENDON, Mo. (AP) — Investigators with the National Transportation Safety Board were in Missouri Tuesday trying to determine how an Amtrak train carrying more than 200 people slammed into a dump truck, killing two train passengers and the truck driver.
Amtrak’s Southwest Chief was traveling from Los Angeles to Chicago Monday afternoon when it struck a dump truck and derailed at the crossing near Mendon. It wasn’t immediately clear how many people were hurt but hospitals near the western Missouri accident scene reported receiving more than 40 patients from the crash.
The Missouri State Highway Patrol said the train was carrying about 207 passengers and crew, but Amtrak said in a statement there were 275 passengers and 12 crew. The disparity could not immediately be resolved.
The collision derailed seven cars, according to the Missouri State Highway Patrol. The truck was broken into pieces.
The crossing in a rural area about 84 miles northeast of Kansas City has no lights or other signals to warn of an approaching train, and local residents have complained that the overgrowth of brush and the steep incline from the road to the tracks makes it hard to see oncoming trains from either direction.
Rob Nightingale of Taos, New Mexico, said he was dozing off in his sleeper compartment when the lights flickered and the train rocked back and forth.
“It was like slow motion. Then all of a sudden I felt it tip my way. I saw the ground coming toward my window, and all the debris and dust,” Nightingale told The Associated Press. “Then it sat on its side and it was complete silence. I sat there and didn’t hear anything. Then I heard a little girl next door crying.”
Nightingale was unhurt, and he and other passengers were able to climb out of the overturned train car through a window.
It’s too early to speculate on why the truck was on the tracks, NTSB Chairwoman Jennifer Homendy said. Trains won’t be able to run on the track for “a matter of days” while they gather evidence, she said.
Mike Spencer, who grows corn and soybeans on the land surrounding the intersection a couple of miles southwest of Mendon, said everyone in the small community understands the intersection is dangerous, especially for those driving heavy, slow farm equipment.
Spencer said he had contacted state transportation officials, Chariton County commissioners and BNSF Railway, which owns the track, about the potential danger. Spencer, who is on the board of a local levee district, said the dump truck driver was hauling rock for a levee on a local creek, a project that had been ongoing for a couple days.
Messages left Tuesday with Chariton County commissioners were not immediately returned.
Passenger Dian Couture was in the dining car with her husband celebrating their 40th wedding anniversary when she heard a loud noise and the train wobbled and then crashed onto its side.
“The people on our left-hand side flew across and hit us, and then we were standing on the windows on the right-hand side of the car,” Couture told WDAF-TV. “Two gentlemen in the front came up, stacked a bunch of things and popped out the window and literally pulled us out by our hands.”
Passengers included 16 youths and eight adults from two Boy Scout troops who were traveling home to Appleton, Wisconsin, as well as high school students from Pleasant Ridge High School in Easton, Kansas, who were headed to a Future Business Leaders of America conference in Chicago.
It was the second Amtrak collision in as many days. Three people in a car were killed Sunday afternoon when an Amtrak commuter train smashed into it in Northern California, authorities said.
People have been injured or killed in at least six other accidents involving Amtrak trains since 2015. Last year, three people died and others were injured when an Amtrak derailed in north-central Montana as it traveled from Chicago to Seattle.
Amtrak is a federally supported company that operates more than 300 passenger trains daily in nearly every contiguous U.S. state and parts of Canada. The Southwest Chief takes about two days to travel from Los Angeles to Chicago, picking up passengers at stops in between.
___
Associated Press reporters Margaret Stafford in Liberty, Missouri; Stephen Groves in Sioux Falls, South Dakota; Grant Schulte in Omaha, Nebraska; Steve Karnowski in Minneapolis; and Jim Salter in O’Fallon, Missouri, contributed to this report.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/06/28/ntsb-investigators-look-into-fatal-missouri-amtrak-accident/ | 2022-06-28T16:11:58Z |
Revenue of $3.2 million reflecting year-over-year and sequential quarterly growth
TEL AVIV, Israel, Aug. 9, 2022 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, today reported results for the second quarter of 2022 ended June 30, 2022.
Second Quarter Ended June 30, 2022, Financial Highlights (Compared to the Second Quarter of 2021)
- Revenue increased to $3.2 million from $3.1 million in the second quarter of last year, and from $3.0 million in the first quarter of 2022. Additional progress was achieved on replacing the revenue decline from the legacy business with new revenues from the IoT business.
- Gross margin of 40% compared to 58%, reflecting the high transitional costs associated with deploying new IoT projects ahead of the start of the associated recurring revenue streams, and the temporarily higher costs of material and shipping due to disruptions in the global supply chain.
- Research and Development expenses increased to $0.93 million compared to $0.59 million, reflecting increased investment in R&D to enhance existing solutions and to develop new products in the IoT and Cyber Security sectors.
- Sales and Marketing expenses of $0.76 million compared to $0.38 million, reflecting investment in proactive sales strategy to expand SuperCom's footprint in the European and North American markets.
- General and Administrative expenses of $1.3 million compared to $1.0 million, reflecting growth in the Company's overall operations.
- EBITDA of -$0.72 million compared to $0.68 million, reflecting an increase in COGS and operating expenses to support the launch of new projects and the Company's global growth plan.
- Non-GAAP EPS of -$0.05.
- Cash and cash equivalents and restricted cash was $3.9 million on June 30, 2022, compared to $4.6 million at the end of 2021.
Recent Business Highlights:
- Won a new EM contract in Kentucky with a leading private probation services provider, which facilitates SuperCom's strategic expansion into the Southeast US. The first order of over 50 units has already been placed and is expected to start generating recurring revenues soon.
- Signed a second and a third new GPS monitoring contract in Idaho with two County Juvenile Departments, which will use SuperCom's PureTrack GPS smartphone products to monitor their caseload for location compliance.
- Won a contract with a new customer in Southern California to deploy SuperCom's PureSecurity Electronic Monitoring Suite. The new customer is a long-standing provider of products and services to the Criminal Justice market with operations primarily in Southern California.
- Secured a new GPS monitoring contract in Texas to monitor juvenile probation clients.
- Awarded a contract with the Swedish National Board of Institutional Care for a full-scale high-security Juvenile electronic monitoring project to deploy SuperCom's PureSecurity Electronic Monitoring (EM) Suite. This project marks SuperCom's third national electronic monitoring project in Sweden and its fifth national project in the Nordic countries.
- Won and launched Croatia's first full-scale electronic monitoring project in the country, which will deploy SuperCom's PureSecurity Electronic Monitoring Suite. The project was formally awarded earlier this year through a formal bid process conducted by Croatia's Ministry of Justice and Administration.
- Won and launched new projects in California, US valued at up to over $5 million over five years to provide programming and rehabilitation services to various organizations.
- Secured a new governmental electronic monitoring contract in Wyoming. The contracting agency is an Adult and Juvenile Probation Agency with plans to use SuperCom's PureTrack GPS smartphone products to monitor their caseload for location compliance.
- Continued to strengthen the Company's global sales division, now headed by a new VP of sales and sales managers with industry expertise, to execute an active outreach sales strategy.
- Maintained increased investment in the Company's R&D division, with experienced engineers, product managers and quality assurance personnel, with expertise to serve the Company's growing government customer base.
Management Commentary:
"We continued to progress on multiple fronts in the second quarter. Revenue reached $3.2 million, reflecting year-over-year growth and 5.5% quarterly sequential growth as well. Revenue growth was driven by new project launches in Europe and North America, as well as new orders with existing customers. Moreover, the IoT division grew faster than the decline in the legacy business again this quarter. Our focus on the IoT tracking business continues to drive our expansion on top of a strong customer base generating roughly 83% recurring revenue in recent years," commented Ordan Trabelsi, President and CEO of SuperCom.
"Over the past few months, we were awarded new contracts in Idaho, California, Texas, and Kentucky in the US, as well as in Croatia and Sweden in Europe. With each new contract win, we continue to expand our reach and brand awareness leading to more wins in both adjacent and distant locations," Mr. Trabelsi continued.
"Near term, we expect to layer in new revenue from our many new contract wins. We only recently won a number of them and expect that the associated revenue will only begin to contribute to our financial results in the coming quarters. We also expect our significant investments in R&D to continue to pay off as we maintain our leading edge in technology and release new products, while our new proactive sales approach expedites our market expansion. The unique nature of our industry provides resilience through market cycles and volatile economic conditions. We believe that this, together with our high win rates in competitive RFPs and steady recurring revenue base, provides strong tailwinds through potential recessionary environments and continued growth in the years ahead," concluded Mr. Trabelsi.
Conference Call
The Company will hold a conference call today, August 9, 2022, at 8:30 a.m. Eastern time (3:30 p.m. Israel time) to discuss the second quarter results, followed by a question and answer session.
Conference Call Dial-In Information:
Date: Tuesday, August 9, 2022
Time: 8:30 a.m. Eastern Time / 5:30 a.m. Pacific Time / 3:30 p.m. Israel Time
U.S. toll-free: 877-545-0523
Israel toll-free: 1-809-423-853
International: 973-528-0016
Access Code: 583763
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization.
About SuperCom
Since 1988, SuperCom has been a global provider of traditional and digital identity solutions, providing advanced safety, identification and security solutions to governments and organizations, both private and public, throughout the world. Through its proprietary e-government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance and border control services, SuperCom has inspired governments and national agencies to design and issue secure Multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers a unique all-in-one field-proven RFID & mobile technology and product suite, accompanied by advanced complementary services for various industries including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, livestock monitoring, and building and access automation. For more information, visit www.supercom.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded or followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical or current facts. These forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially from the statements made. Examples of these statements include, but are not limited to, statements regarding business and economic trends, the anticipated effects of the COVID-19 outbreak on travel and physical locations, the levels of consumer, business and economic confidence generally, the duration of the COVID-19 outbreak and severity of such outbreak, the pace of recovery following the COVID-19 outbreak, the effect on our supply chain, our ability to implement cost containment and business recovery strategies and resulting anticipated impact of such outbreak on our business, financial condition and results of operations, the adverse effects of the COVID-19 outbreak on our business or the market price of our ordinary shares, and other risks and uncertainties described in the forward looking statements and in the section captioned "Risk Factors" in our Annual Report on Form 20-F for the year ended December 31, 2021, filed with the U.S. Securities and Exchange Commission (the "SEC") on April 4, 2022, our reports on Form 6-K filed from time to time with the SEC and our other filings with the SEC. Except as required by law, we not undertake any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.
Results presented in this press release are based on management's estimated unaudited analysis of financial results for the presented periods. SuperCom's independent registered accounting firm has not audited the financial data discussed in this press release. During the course of SuperCom's quarter- and fiscal year-end closing procedures and review process, SuperCom may identify items that would require it to make adjustments, which may be material, to the information presented in this press release. As a result, the estimate financial results constitute forward-looking information and are subject to risks and uncertainties, including possible adjustments to such results.
Use of Non-GAAP Financial Information
In addition to disclosing financial results calculated in accordance with United States generally accepted accounting principles (GAAP), this release of operating results also contains non-GAAP financial measures, which SuperCom believes are the principal indicators of the operating and financial performance of its business. Management believes the non-GAAP financial measures provided are useful to investors' understanding and assessment of the Company's on-going core operations and prospects for the future, as the charges eliminated are not part of the day-to-day business or reflective of the core operational activities of the Company. Management uses these non-GAAP financial measures as a basis for strategic decisions, forecasting future results and evaluating the Company's current performance. However, such measures should not be considered in isolation or as substitutes for results prepared in accordance with GAAP. Reconciliation of the non-GAAP measures to the most comparable GAAP measures are provided in the schedules attached to this release.
SuperCom Investor Relations:
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SOURCE SuperCom Ltd. | https://www.kxii.com/prnewswire/2022/08/09/supercom-reports-second-quarter-2022-financial-results/ | 2022-08-09T13:05:18Z |
New team to advance the company's mission to help educators identify and address the needs of all readers
NEW YORK, June 14, 2022 /PRNewswire/ -- 95 Percent Group LLC, a leading provider of literacy solutions and instructional strategies for K-12 schools nationwide, today announced a new executive team to drive forward the company's mission to support educators in addressing the reading needs of all children.
Under the leadership of Brad Lindaas, Chief Executive Officer, this team of newly created executive positions will focus on expanding the company's portfolio of reading intervention and whole-class curriculum materials including new digital solutions, building out its professional development suite of training and resources for educators, and expanding its partnerships with districts across the country.
"I am thrilled to have completed the formation of our new executive team," Lindaas said, "This extremely talented group brings a diverse range of experience and expertise to 95 Percent Group. Together they uniquely position us to expand our strategic product and professional learning offerings, and help more educators accelerate student reading outcomes."
The executive team now includes:
Laura Stewart, Chief Academic Officer, a nationally recognized Science of Reading and Structured Literacy advocate and expert who will serve as the company's spokesperson and will continue to build its thought leadership position in the literacy market. Stewart has dedicated her career to improving literacy achievement at leading education companies including The Reading League, Highlights Education Group, and Rowland Reading Foundation.
Anella Wetter, Chief Sales Officer, joins the company with decades of experience building and leading successful sales organizations at top education companies including Carnegie Learning, Houghton Mifflin Harcourt, and Kaplan K-12 Learning Services. Wetter will focus on driving revenue growth by strengthening 95 Percent Group's current client relationships, developing new school partnerships, and expanding into new markets.
Laura Sullivan, Chief Marketing Officer, brings to 95 Percent Group more than 25 years of experience marketing education products and services at leading companies including Discovery Communications, The Princeton Review, and PresenceLearning. As CMO, Sullivan will focus on building the company's brand awareness and competitive thought leadership position and developing customer acquisition strategies to drive revenue growth and expansion into new markets.
George Gatsis, Chief Technology Officer, is a technology transformation leader with experience building technology and digital solutions for companies including Follett School Solutions, Pearson Data Solutions, and Follett Software Company. As CTO for 95 Percent Group, Gatsis will lead the company's expansion of its digital solutions to meet the needs of today's educators and students.
Mehul Patel, Chief Financial Officer, comes to 95 Percent Group from TCS Education System where he was CFO since 2015. Prior to that, he held leading management roles with Discover Financial Services, Enova Financial, and Deloitte Consulting LLP. As CFO, Patel will oversee all financial functions, and will lead the company's growth and investment strategies.
"It's very exciting to observe this talented executive team Brad has hired and in less than six months!" commented Susan Hall EdD, Co-founder (with husband David Hall) of 95 Percent Group. "David and I are confident that under Brad's leadership, this team will continue the high-quality standard we established for products, services, and client support. As we retire from the company, we are grateful that it is well-positioned to advance our mission that more students learn to read through knowledgeable teachers who are equipped with the right curriculum materials aligned with the Science of Reading."
"We applaud Brad for having quickly assembled an impressive team of executives to lead 95 Percent Group forward. This new team represents a significant investment in the company's next phase of growth, and we're excited to support their efforts to accelerate their expansion and impact," said Scott VanHoy, Partner at Leeds Equity Partners.
About 95 Percent Group:
Founded in 2005, 95 Percent Group is an educational company whose mission is to help educators identify and address the needs of all readers. Using an approach that is aligned with Structured Literacy, the company focuses on providing educators with whole-class and small group literacy solutions as well as developing foundational knowledge about The Science of Reading to deliver evidence and research-based instructional strategies. The company's professional development, diagnostic assessments, skill continua, and explicit instructional materials strengthen MTSS/RTI frameworks and ensure that students receive targeted intervention instruction to close skill gaps.
For additional information on 95 Percent Group, see www.95percentgroup.com
In 2021, 95 Percent Group secured a significant investment from Leeds Equity Partners to further develop its literacy curriculum as well as invest in new digital solutions.
About Leeds Equity Partners:
Leeds Equity Partners is a New York-based private equity fund dedicated exclusively to partnering with management teams in the education, training and information services industries (the "Knowledge Industries"). The firm was founded in 1993 and has managed over $4 billion of capital across a broad spectrum of companies within the Knowledge Industries. Leeds Equity seeks to leverage its sector-focused expertise and market insights to create long-term value for its partner companies.
For additional information on Leeds Equity, see www.leedsequity.com.
For More Information:
Laura Sullivan
Chief Marketing Officer
(847) 496-9231
lsullivan@95percentgroup.com
95percentgroup.com
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SOURCE 95 Percent Group | https://www.wibw.com/prnewswire/2022/06/14/95-percent-group-announces-formation-new-executive-team-accelerate-growth-impact/ | 2022-06-14T13:15:44Z |
Under Dynamic New Leadership, San Antonio's Sanger & Altgelt Upgrades Technology, Expands Carrier Lines and Looks Ahead to Increasing Success
SAN ANTONIO, June 14, 2022 /PRNewswire/ -- San Antonio-based Sanger & Altgelt LLC Insurance Agency, a locally and generationally owned family business serving primarily San Antonio and surrounding communities, announced the promotion of Mac Altgelt to the position of chief executive officer and Heather Haynes to serve as president. Longtime employees of the firm, Altgelt and Haynes both previously served as vice presidents and assumed their new offices at the start of this year.
"I am honored and excited to assume the position of CEO at such an exciting time in our firm's long, honorable history," said Altgelt, who has been with the firm for 16 years. "We are expanding our reach into new areas, while also remaining fully grounded in the principles that forged our success – family ownership that spans generations; a local focus; strong, lasting relationships; and outstanding client service."
"It is gratifying to be elevated to president of a firm that I have put so much into for the past 24 years," said Haynes. "Our main approach is to be risk managers for our clients, helping them find insurance, but also helping them manage assets and mitigate their risks. Beyond that, Sanger & Altgelt is truly in a class of its own. With so many agencies being acquired by large firms, being local is rare and very beneficial to our clients and the community. Although we do business all over the world, we remain strongly anchored in San Antonio and offer an unmatched level of individualized, personal service."
As CEO, Altgelt focuses on reinforcing existing client relationships and cultivating new ones, developing and implementing creative growth strategies, and enhancing the company's overall financial performance through increased revenue, expense management, and process efficiency. As president, Haynes manages commercial and personal risks for clients and oversees the agency, guiding its direction, policy, mission and vision. Both said they are more available and involved at the ground level with clients than officers in comparable positions in other firms.
"Customer service is number one," said Altgelt. "Clients may leave us for a better rate, but often they will come back because the other firm cannot match the level of service that they have become accustomed to with us."
Acquired by Jefferson Bank in 2011, Sanger & Altgelt provides a broad range of insurance and risk management solutions for its customers. Its personal lines offerings include homeowners and umbrella, automotive, individual and life, loss control, cyber security, travel risk, and farm and ranch coverages. On the commercial side, Sanger & Altgelt covers property and casualty, risk management, bonds, cyber security, employee benefits, surety, and professional liability exposures. Its proficiencies encompass commercial real estate, residential real estate developments, coastal properties, energy, farm and ranch, aviation, hunting, and sports and entertainment arenas, as well as unique risks, such as wineries and breweries, historical buildings, museums, a variety of international exposures, captive insurance and tech start-ups.
In the first and second quarters of the year, Sanger & Altgelt has added new clients at a tremendous rate, infiltrating new and diverse markets including bitcoin, CBD products, crypto mining and other industries. The firm has handled risk management for numerous tech start-ups and other hard-to-place emerging industries. Because of its geographic location, it covers many oil and gas, solar and other energy companies.
Looking ahead, Altgelt and Haynes enumerated a long list of plans and goals for Sanger & Altgelt, many of which have already begun to be implemented, including major investments in technology, software and staff training. It also has signed contracts with new insurance carriers, diversifying the types of coverages it can offer. With these advantages, Sanger & Altgelt can offer new and existing clients quotes from a diverse portfolio of carriers, increase pricing flexibility, and provide a full range of services to every client.
Under new leadership, the previously below-the-radar boutique firm has its sights set on growing its middle market and personal line of business, writing coverages for more small businesses in a burgeoning post-pandemic market and utilizing technology to further expand services. It will continue to provide coverage for unique, hard-to-place risks, as well as analysis of complicated risks. Additionally, it will continue to offer farm and ranch coverages, which is a large part of its portfolio. Sanger & Altgelt is one of the top farm and ranch agencies in Texas.
Not only does Sanger & Altgelt insure many local nonprofit organizations, it contributes to local agencies and its 16 employees provide volunteer services, as well.
"We are very proud of our hometown, San Antonio, and we want to be a part of and support all the growth the city is experiencing," said Haynes. "We are not merely a business serving this community; we are part of it. We are raising our families here. We are San Antonio-centric and here to stay."
About Sanger & Altgelt Insurance Agency
Sanger & Altgelt LLC Insurance Agency is a locally and generationally owned Texas financial services company offering a broad range of risk management services, insurance and bonds to businesses and individuals. A subsidiary of Jefferson Bank, Sanger & Altgelt has been serving primarily San Antonio and surrounding areas for 122 years. Its history is distinguished by quality service and strong, ethical conduct — values that continue to serve as the foundation for its success. Emphasizing the value of lifetime relationships, the firm provides solutions that exceed client expectations and surpass the industry standard. For more information, visit http://sangerandaltgelt.com.
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SOURCE Sanger & Altgelt LLC | https://www.mysuncoast.com/prnewswire/2022/06/14/sanger-amp-altgelt-announces-new-president-ceo-growth-strategies/ | 2022-06-14T16:39:51Z |
DALLAS (KDAF) — With the growing popularity of electric cars and Elon Musk’s move to the Lone Star State, TxDOT says electric cars are on the department’s radar.
Officials say they are currently developing an Electric Vehicle (EV) Plan For Texas that will ensure that all Texans have EV infrastructure, focusing on rural placement and connectivity to vehicle chargers.
According to TxDOT’s website, Texas will receive more than $400 million in funding for the fiscal years of 2022-2026, with $60.4 million being used in just this year alone.
To receive funding, the department says they must submit a plan by Aug. 1 of this year detailing how the funds will be used.
You can provide feedback on this plan. To do so visit txdot.gov. | https://cw33.com/news/local/txdot-plans-in-works-to-get-all-texans-access-to-electric-vehicle-infrastructure/ | 2022-04-29T03:11:10Z |
Lead program DNTH103 to be accelerated to the clinic this year as a highly differentiated and potent monoclonal antibody designed to selectively target the active form of complement C1s
Led by biotech veterans Marino Garcia as Chief Executive Officer and Lonnie Moulder as Chairman of the Board
Financing co-led by 5AM Ventures, Avidity Partners, and Fidelity Management & Research Company with strong investor syndicate
WALTHAM, Mass. and NEW YORK, May 3, 2022 /PRNewswire/ -- Dianthus Therapeutics, a biotechnology company dedicated to advancing the next generation of antibody complement therapeutics, today announced the completion of its $100 million Series A financing led by 5AM Ventures, Avidity Partners, and Fidelity Management & Research Company, with participation from additional investors including Wedbush Healthcare Partners and founding investors Fairmount, Tellus BioVentures, and Venrock Healthcare Capital Partners. The financing will be used to expand leadership and scientific teams, advance the company's lead program, DNTH103, to the clinic this year, and to accelerate additional discovery pipeline programs for people living with severe and rare autoimmune diseases. DNTH103 is a potent, next-generation monoclonal antibody that selectively targets the active form of complement C1s, potentially enabling a lower dosing volume and a less frequent subcutaneous administration that is further enhanced with half-life extension technology.
Dianthus also announced the appointment of Marino Garcia as President and Chief Executive Officer, joining in November 2021, and Simrat Randhawa, M.D., M.B.A., as Chief Medical Officer. Mr. Garcia, a veteran dealmaker and strategist, brings more than 25 years of industry experience in business development and operational leadership roles at top biotech and pharma companies, most recently as Senior Vice President, Corporate and Business Development at Zealand Pharma. Dr. Randhawa brings over 20 years of clinical practice and pharmaceutical industry experience to Dianthus, including senior leadership roles focused in the autoimmune and rare disease spaces. He most recently served as Senior Vice President of Clinical and Medical Affairs at Aurinia Pharmaceuticals.
"We are committed to improving the lives of people living with severe and rare autoimmune diseases and are confident that our selective antibodies have the potential to be best-in-class therapeutics," said Marino Garcia, President and Chief Executive Officer, Dianthus Therapeutics. "We are privileged to have a strong syndicate of leading biotech investors, experienced Board members, and accomplished leaders and scientists as we advance our lead candidate into the clinic later this year, further develop our discovery pipeline, and expand our team in the coming months. Dianthus is positioned to become a leading, next-generation complement company guided by a deep understanding of the needs of patients."
Dianthus harnesses the power of selectivity in complement pathways to create potent monoclonal antibodies with the potential to overcome the limitations of current complement therapeutics. Unlike current antibody therapies that bind to both inactive and active complement proteins, DNTH103 selectively targets only the active form of the C1s complement protein, enabling a lower dosing volume and less frequent administration. Its half-life extension technology also further reduces dosing frequency. With these differentiated attributes and high potency inhibition of C1s, DNTH103 is designed to relieve the burden of high-volume, frequent administration with IV infusions or inconvenient, frequent subcutaneous dosing. Accelerating the development of a more convenient subcutaneous therapy could be transformative in expanding the potential patient populations that could benefit from complement therapies, while reducing the discomfort and disruptions that pervade the lives of patients today – ultimately allowing more patients to live healthier lives to their fullest potential.
"We are proud to support Dianthus Therapeutics in advancing the discovery and development of next-generation, potent, and highly differentiated antibody complement therapeutics," said Paula Soteropoulos, Board Director of Dianthus and Strategic Advisor to 5AM Ventures. "With the leadership of the recently appointed President and CEO Marino Garcia, and a talented team of seasoned biotech executives and entrepreneurs who hold an extensive track record of success, we look forward to seeing Dianthus bring their novel therapies to patients living with severe and rare autoimmune diseases."
Dianthus is currently led by an accomplished team of veteran scientists and biotech entrepreneurs, including:
- Marino Garcia, President and Chief Executive Officer
- Simrat Randhawa, M.D., Chief Medical Officer
- Evan Thompson, Ph.D., Chief Operating Officer
- Edward Carr, Chief Accounting Officer
- Rivka Gluck, Senior Vice President, Head of Clinical Operations
- Robert McGarr, Ph.D., Vice President, Program & Alliance Management
- Kristina Maximenko, Head of Human Resources
Dianthus is also supported by an experienced Board of Directors, including:
- Lonnie Moulder, Chairman of the Board at Dianthus, Founder and Managing Member of Tellus BioVentures
- Paula Soteropoulos, Chairman of the Board at Ensoma and former CEO of Akcea Therapeutics
- Lei Meng, Senior Therapeutics Analyst, Avidity Partners
- Tomas Kiselak, Managing Member of Fairmount
- Jonathan Violin, Ph.D., Co-founder and Chief Executive Officer of Viridian Therapeutics
- Marino Garcia, President and Chief Executive Officer, Dianthus Therapeutics
Jefferies LLC served as financial advisor to Dianthus.
Dianthus Therapeutics is a biotechnology company dedicated to designing and delivering novel, best-in-class monoclonal antibodies with improved selectivity and potency over existing complement therapies. Based in Waltham, Mass. and New York City, Dianthus is comprised of an expert team of biotech and pharma executives who are leading the next generation of antibody complement therapeutics to deliver transformative medicines for patients with severe and rare autoimmune diseases. To learn more, please visit www.dianthustx.com.
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SOURCE Dianthus Therapeutics | https://www.mysuncoast.com/prnewswire/2022/05/03/dianthus-therapeutics-launches-with-100m-develop-selective-antibody-complement-therapeutics-treat-severe-rare-autoimmune-diseases/ | 2022-05-03T12:17:27Z |
Stonehurst Place has earned the prestigious and coveted AAA Four Diamond designation three years in a row and is the only Atlanta Bed & Breakfast to receive the designation.
ATLANTA, April 6, 2022 /PRNewswire/ - Award-winning Stonehurst Place, the most luxurious boutique hotel-style bed and breakfast in the South, has done it again: for three years running, they have retained their AAA Four Diamond Designation. Inclusion in the AAA Diamond Program requires passing an unannounced, objective evaluation of the premises completed by trained inspectors. Hotels must meet defined criteria that evaluates cleanliness, comfort, and hospitality.
AAA Diamond Designations provide discerning travellers the assurance that the accommodation they select meets rigorous standards. AAA hotel inspections include ATP surface testing, the same technology used to confirm cleanliness for both health care and food services. For each inspection, inspectors evaluate eight surfaces in randomly chosen guest rooms and bathrooms. Hotels are required to obtain or exceed a 75 percent pass rate to achieve the designation.
"Cleanliness is paramount to Stonehurst Place," said owner, Barb Shadomy. "When you stay at Stonehurst Place, you can be assured our spotless boutique hotel will exceed even the highest of expectations."
Stonehurst Place is a sustainable tourism accommodation and the cornerstone of Midtown, Atlanta. Established 126 years ago by George Burch Hinman as a home for his growing family, Stonehurst Place is now an art-filled inn with designer furnishings, gallery-quality art, contemporary décor and an approachable, easy atmosphere.
The stunning property features a main house and carriage house with eight unique, luxuriously appointed rooms, including five suites. An incredible gourmet breakfast featuring fresh, local ingredients is served daily and in-room massage services are available. Midtown Atlanta and all it has to offer, including fine dining, museums, gardens, and theatre, is merely steps away.
AAA Four Diamond designations, awarded to less that 6% of AAA-approved properties, are reserved for luxury accommodations that offer upscale amenities and quality hospitality. These hotels – including Stonehurst Place – are premier destinations for a romantic getaway.
"Stonehurst Place is a one-of-a-kind retreat favored by lovers from all around the world," continues Shadomy. "We cannot wait to host more couples to an intimate, comfortable stay at Stonehurst Place that marries cleanliness and Southern hospitality."
To learn more about Stonehurst Place and book your romantic getaway, visit https://www.stonehurstplace.com/
For further information:
Media Contact: Barb Shadomy, Owner
Stonehurst Place
info@stonehurstplace.com
+1.404.881.0722
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SOURCE Stonehurst Place Bed & Breakfast | https://www.mysuncoast.com/prnewswire/2022/04/06/atlantas-stonehurst-place-retains-its-aaa-four-diamond-designation/ | 2022-04-07T05:57:04Z |
Nova Bus successfully completes the Altoona test for its long-range 100% battery-electric bus, the LFSe+
Published: Sep. 8, 2022 at 11:07 AM CDT|Updated: 1 hour ago
SAINT-EUSTACHE, QC, Sept. 8, 2022/PRNewswire/ - Nova Bus, a member of the Volvo Group and a leading North American transit bus manufacturer, is delighted to announce that its long-range 100% battery-electric bus, the LFSe+, has successfully completed the Bus Testing Program of the Federal Transit Administration (FTA) operated by the Altoona Bus Testing Center in Pennsylvania. This rigorous evaluation aims to certify the safety and efficiency of buses through a series of tests whose results are objectively analyzed.
In addition to attesting the reliability of the LFSe+, the FTA certification allows future transit bus buyers to access various US federal subsidy programs and to comply with contractual criteria of certain Canadian customers. The successful completion of these tests therefore allows Nova Bus to position itself strategically on the North American market.
The LFSe+ buses intended for the Canadian market are assembled at the Saint-Eustache plant in Quebec and those intended for the American market, at the Plattsburgh plant in New York State.
Thanks to its great autonomy, its low maintenance costs, as well as the elimination of any emission of pollutants and greenhouse gases, the LFSe+ is a first-choice solution for the transition to sustainable public transport.
"Achieving Altoona certification for our LFSe+ fills us with pride: it is one of the highest marks of recognition of quality and durability that our vehicles can receive," said Martin Larose, President of Nova Bus.
About Nova Bus
Nova Bus, member of the Volvo Group, is a leading provider of sustainable transportation solutions in North America. Its portfolio includes electric, hybrid, CNG and clean diesel buses, high-capacity vehicles, as well as integrated intelligent transport systems. Nova Bus accompanies transit authorities and bus fleet operators in their transition to electromobility with its flagship LFSe+ long-range electric bus, combining the proven Nova Bus structure with the latest innovations in electric drive. Nova Bus is committed to helping reduce greenhouse gas emissions and positively contributing to a greener economy. For more information regarding Nova Bus products and services, please visit www.novabus.com.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.wibw.com/prnewswire/2022/09/08/nova-bus-successfully-completes-altoona-test-its-long-range-100-battery-electric-bus-lfse/ | 2022-09-08T17:09:34Z |
BEIJING, Aug. 19, 2022 /PRNewswire/ -- Kuke Music Holding Limited ("Kuke" or the "Company") (NYSE: KUKE), a leading classical music service platform, today announced its unaudited financial results for the second quarter ended June 30, 2022.
Second Quarter 2022 Financial Highlights
- Total revenue was RMB54.4 million (US$8.1 million), compared to RMB84.1 million in the same period of 2021.
- Total gross profit was RMB28.9 million (US$4.3 million), compared to RMB49.7 million in the same period of 2021.
- Net profit was RMB3.4 million (US$0.5 million), compared to net loss of RMB11.4 million in the same period of 2021.
- Non-IFRS net profit[1] was RMB16.9 million (US$2.5 million), compared to a Non-IFRS net loss of RMB18.3 million in the same period of 2021.
Second Quarter 2022 Business Developments
- During the second quarter of 2022, the Company added nearly 4,000 tracks of traditional classical music. The Company's copyrighted classical music content included over 2.9 million music tracks as of June 30, 2022. This is comprised of more than 2 million tracks of traditional classical music, more than 360 thousand tracks of jazz, world, folk and other genres of music, as well as over 1000 video titles, more than 470 thousand spoken content tracks and more than 5000 volumes of sheet music. These contents span across more than 95 thousand musicians, more than 2 thousand musical instruments and more than 200 countries and regions.
- In addition, the company has added more long-form videos including opera, live concert, ballet, documentary, master class, international competition, live streaming to further enrich its classical music library and capture the growth opportunities in the market.
- With regard to the subscription business segment, the aggregated institutional subscribers increased to 812 from 809 across China.
- The 25th Beijing Music Festival ("BMF") will commence in the month of September, 2022
Mr. He Yu, Chief Executive Officer of Kuke, commented, "Despite, firstly, the negative impact of local COVID-19 resurgence and subsequent lockdowns in certain cities in China, including where our clients are based, secondly, the smart music learning business is in the process of transiting from private kindergarten subscription model to public school model, which has impacted our revenues and revenue mix, we still recorded a total of revenues of RMB54.4 million during the second quarter of 2022, and achieved IFRS-based positive net income of RMB3.4 million.
Going forward, in view of the challenges presented by macroeconomic environment during the second quarter, we will continue to focus on strengthening our existing product and service portfolio, and executing cost saving initiatives to help us achieve a more optimized cost structure going forward."
Second Quarter 2022 Financial Results
Total Revenue
Total revenue decreased by 35.2% to RMB54.4 million (US$8.1 million) from RMB 84.1 million in the same period of 2021.
- Total licensing and subscription segment revenue decreased by 14.2% to RMB33.9 million (US$5 million) from RMB39.6 million in the same period of 2021. Specifically, licensing revenue decreased by 15% to RMB29.0 million (US$4.3 million) from RMB34.2 million in the same period of 2021, due to the adverse impact from the COVID-19. Subscription revenue decreased to RMB4.9 million (US$0.7 million) from RMB5.4 million in the same period of 2021, mainly due to the decrease in sales of hardware products.
- Total smart music learning solutions segment revenue decreased by 59% to RMB8.5 million (US$1.3 million) from RMB20.7 million in the same period of 2021. Specifically, smart music learning solutions sales revenue from public schools and commercial clients decreased by 71.5% to RMB4.1 million (US$0.6 million) from RMB14.4 million in the same period of 2021, mainly due to the decreased sales to commercial clients. Smart music learning solutions subscription revenue from kindergarten students decreased by 30.1% to RMB4.4 million (US$0.7 million) from RMB6.2 million in the same period of 2021, due to the strategic contraction of our private kindergarten business starting from 2022.
- Total live music events segment revenue decreased to RMB11.9 million (US$1.8 million) from RMB23.8 million in the same period of 2021, due to the decreased revenues of live music events service due to the adverse impact by COVID-19.
- Total one-time disposal of obsolete inventory revenue was RMB0.1 million, as a result of the strategic contraction of our private kindergarten business.
Gross Profit and Gross Margin
Gross profit in the second quarter of 2022 decreased to RMB28.9 million (US$4.3 million) from RMB49.7 million in the same period of 2021, which was largely attributable to the decreased revenues. Gross margin was 53.1%, compared to 59.1% in the same period of 2021.
- The gross margin of classical music licensing and subscription segment was 81.7%, compared to 86% in the same period of 2021. Specifically, the gross margin of classical music licensing slightly improved to 89.1% from 87.4% in the same period of 2021. The gross margin of classical music subscription decreased to 37.6% from 77.4% in the same period of 2021, due to the higher linear amortization costs of royalty payments.
- The gross margin of smart music learning solutions segment was (5.0)%, compared to 63.8% in the same period of 2021. Specifically, the gross margin of smart music learning solution sales decreased to 43.0% from 89.0% in the same period of 2021, due to lower-margin business representing a larger percentage of our revenue mix compared to the prior quarter. The gross margin of smart music learning solution subscriptions from private kindergarten students was (50.3)%, compared to 5.5% in the same period of 2021 due to higher depreciation costs as a result of the strategic contraction of the private kindergarten subscription business.
- The gross margin of live music events segment increased to 15.9% compared to 10.4% in the same period of 2021.
- The gross margin of one-time disposal of obsolete inventory was (287.7)%, due to the strategic contraction of the private kindergarten business.
Operating Expenses
Total operating expenses in the second quarter of 2022 decreased by 53.2% to RMB27.8 million (US$4.2 million) from RMB59.5 million in the same period of 2021.
- Selling and distribution expenses in the second quarter of 2022 decreased by 53.9% to RMB6.0 million (US$0.9 million) from RMB13.0 million in the same period of 2021. The decrease was mainly due to decreased expenses in relation to kindergarten business.
- Administrative expenses in the second quarter of 2022 decreased by 48.5% to RMB19.3 million (US$2.9 million) from RMB37.5 million in the same period of 2021, due to the deceased stock-based compensation costs that incurred in the second quarter of 2021.
- Impairment losses on financial assets in the second quarter of 2022 decreased by 75.5% to RMB2.2 million from RMB9million in the same period of 2021. This was mainly due to increased impairment losses on accounts receivable.
Operating Profit
Operating profit in the second quarter of 2022 was RMB4.4 million (US$0.65 million), compared to operating loss of RMB8.4 million in the same period of 2021.
Net Profit for the Period
Net profit was RMB3.4 million (US$0.5 million), compared to net loss of RMB11.4 million in the same period of 2021.
Non-IFRS Net Profit for the Period
Non-IFRS net profit was RMB16.9 million (US$2.5 million), compared to non-IFRS loss of RMB18.3 million in the same period of 2021.
Net Profit per ADS and Non-IFRS Net Profit per ADS
Basic and diluted net profit per American Depositary Share ("ADS") were both RMB0.13 (US$0.02) in the second quarter of 2022, compared to basic and diluted net loss per ADS of RMB0.42 in the same period of 2021. Basic and diluted non-IFRS net profit per ADS were both RMB0.57 (US$0.09) in the second quarter of 2022, compared to basic and diluted non-IFRS net loss per ADS of RMB0.62 in the same period of 2021. Each ADS represents one Class A ordinary share of the Company.
Balance Sheet
As of June 30, 2022, cash and cash equivalents were RMB18.8 million (US$2.8 million).
About Kuke Music Holding Limited
Kuke is a leading classical music service platform in China encompassing the entire value chain from content provision to music learning services. By collaborating with its strategic global business partner Naxos, the largest independent classical music content provider in the world, the foundation of Kuke's extensive classical music content library is its unparalleled access to more than 900 top-tier labels and record companies. Leveraging its market leadership in international copyrighted classical music content, Kuke provides highly scalable classical music licensing services to various online music platforms and classical music subscription services to over 800 universities, libraries and other institutions across China. In addition, it has hosted the Beijing Music Festival ("BMF"), the most renowned classical music festival in China, for 24 consecutive years. Through KUKEY, the Company's proprietary AI music learning system, Kuke aims to democratize music learning via technological innovation, bring fascinating music content and professional music techniques to more students, and continuously improve the efficiency and penetration of music learning in China.
For more information about Kuke, please visit https://ir.kuke.com/
Exchange Rate Information
This announcement contains translations of certain RMB amounts into U.S. dollars ("US$") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB6.6981 to US$1.00, the noon buying rate in effect on June 30, 2022, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all. For analytical presentation, all percentages are calculated using the numbers presented in the financial statements contained in this earnings release.
Forward-looking Statements
This announcement contains forward looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "confident," "potential," "continue" or other similar expressions. Statements that are not historical facts, including but not limited to statements about Kuke's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including those in Kuke's registration statement filed with the Securities and Exchange Commission. Further information regarding these and other risks is included in Kuke's filings with the SEC. All information provided in this press release is as of the date of this press release, and Kuke undertakes no obligation to update any forward-looking statement, except as required under applicable law.
Use of Non-IFRS Financial Measures
The Company uses non-IFRS profit for the period, which is a non-IFRS financial measure, in evaluating its operating results and for financial and operational decision-making purposes. The Company believes that non-IFRS profit helps management to analyze trends in the Company's business that could otherwise be distorted by the effect of certain expenses that the Company includes in its profit or loss for the period.
Non-IFRS profit for the period should not be considered in isolation or construed as an alternative to net profit for the period or any other measure of performance or as an indicator of its operating performance. Investors are encouraged to review non-IFRS profit for the period and the corresponding footnote explaining the calculation of such measure together. Non-IFRS profit for the period presented here may be different to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, and should not be compared to the measure adopted by the Company's data. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.
Non-IFRS profit for the period represents profit or loss for the year excluding the combined effect of amortization and depreciation, share-based compensation, impairment losses on financial assets, net, and the corresponding income tax effects of these non-IFRS adjustments.
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SOURCE Kuke Music Holding Limited | https://www.wibw.com/prnewswire/2022/08/19/kuke-reports-second-quarter-2022-unaudited-financial-results/ | 2022-08-19T10:02:04Z |
Company's second quarter comparable store sales increased 8.4 percent; net income up 8.3 percent
SUNBURY, Pa., Aug. 1, 2022 /PRNewswire/ -- Weis Markets, Inc. (NYSE: WMK) today reported its financial results for the 13-week second quarter and the 26-week year-to-date period ended June 25, 2022.
"We generated strong results in the second quarter despite ongoing inflationary pressures throughout our business operations due to the hard work and commitment of our associates," said Weis Markets' Chairman, President and CEO Jonathan H. Weis. "We are also mindful of inflation's impact on our customers and continue to promote the value of our private brands along with the fuel and retail product savings available through our Weis Rewards program. In May, we made a multi-million-dollar investment to expand our Low, Low Price program by lowering prices on hundreds of our best-selling brand-name and Weis Quality frozen products."
Second Quarter 2022 Results
Net sales totaled $1.14 billion for the 13-week second quarter ended June 25, 2022, compared to $1.05 billion for the same period in 2021, up 8.4 percent. Second quarter comparable store sales increased 8.4 percent on an individual year-over-year basis and increased 2.6 percent on a two-year stacked basis following the increase of 24.1 percent for the same period in 2020.
The Company's second quarter net income totaled $36.27 million compared to $33.47 million in 2021, up 8.3 percent. Second quarter earnings per share totaled $1.35 compared to $1.24 per share for the same period in 2021.
Year-To-Date 2022 Results
Net sales totaled $2.24 billion for the 26-week year-to-date period ended June 25, 2022, compared to $2.05 billion for the same period in 2021, up 9.0 percent. Year-to-date comparable store sales increased 8.9 percent on an individual year-over-year basis and increased 6.5 percent on a two-year stacked basis following the increase of 18.5 percent for the same period in 2020.
The Company's year-to-date net income totaled $67.66 million compared to $57.73 million in 2021, up 17.2 percent. Year-to-date earnings per share totaled $2.52 compared to $2.15 per share for the same period in 2021.
About Weis Markets
Founded in 1912, Weis Markets, Inc. is a Mid Atlantic food retailer operating 197 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia and Virginia. For more information, please visit: WeisMarkets.com or Facebook.com/WeisMarkets.
In addition to historical information, this news release may contain forward-looking statements, which are included pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. For example, risks and uncertainties can arise with changes in: competitive and reputational risks; financial, investment and infrastructure risks; information security, cybersecurity and data privacy risks; supply chain and third-party risks; risks created by pandemics (including the ongoing COVID-19 outbreak and the related responses of governments, consumers, customers, suppliers and employees); and legal, regulatory and other external risks. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise or update these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risk factors described in other documents the Company files periodically with the Securities and Exchange Commission. Management is also providing a two-year stacked comparable store sales analysis, a non-GAAP measure, because management believes this metric is useful to investors and analysts. It is not recommended that the two-year-stacked analysis be considered a substitute for the Company's operating results as reported in accordance with GAAP.
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SOURCE Weis Markets | https://www.kxii.com/prnewswire/2022/08/01/weis-markets-reports-second-quarter-2022-results/ | 2022-08-01T22:09:29Z |
ANNA MARIA ISLAND, Fla. (WFLA) — A group fishing off the coast of Florida’s Anna Maria Island on Thursday were treated to quite a sight when several whale sharks approached their boat.
Noah Gunn, who captured the video Thursday afternoon and sent it to WFLA, said his group spotted three whale sharks while they were fishing off Anna Maria Island north. Gunn said the sharks swam right up to the boat to check the group out.
“One absolutely drafted our 28-foot boat,” Gunn said.
That shark, according to Gunn, appeared to be more than 35 to 40 feet long.
“It was wider than the boat when it swam under us,” he added.
Gunn said it was his first time ever seeing whale sharks up close and personal.
“How insignificant something like these animals can make you feel,” he said. “I felt tiny!” | https://cw33.com/news/watch-huge-whale-sharks-swim-up-to-boat-off-of-florida/ | 2022-06-17T13:09:24Z |
Saturday night forecast: Warm with temperatures tonight in the 40s and 50s
70s Sunday ahead of first cold front with a decent chance for rain and a few thunderstorms Sunday night
TOPEKA, Kan. (WIBW) - We’ve seen plenty of fires today in Northeast Kansas, most of them controlled. There were a few large fires today reported in North-Central Kansas that were uncontrolled wildfires. The combination of thin cirrus clouds and smoke from the burns has created a hazy environment. If concerned about air quality you can always click here for updates. This afternoon the air quality if in the moderate level (51-100) meaning the most people are safe of any harm. Clouds increase overnight tonight with temperatures staying warm in the 40s and 50s while we prepare for the upper 70s tomorrow ahead of our first incoming cold front. Also tracking rain showers and few thunderstorms tomorrow night.
Tonight: Mostly clear with increasing clouds. Lows in the upper 40s and even low 50s. Winds SE at 10 to 15 mph.
Sunday: . Highs in the mid 70s. Winds SW 10-20, gusts around 30 mph. Scattered rain and storms after sunset.
The rain and storms Sunday night are not likely to be strong or severe, but some low-end thunderstorms are likely across Northeast Kansas. Rainfall totals will sit between 0.10″ and 0.25″ on the high side. Monday is cooler but still nice in the upper 60s and light east winds under partly cloudy skies gradually breaking up through the day. We stay warm Monday night with lows near 50 degrees and breezy southeast winds.
We are tracking temperatures to be in the mid 80s Tuesday afternoon, winds strong at 15 to 30 mph with gusts near 40 mph from the south, and strong to severe thunderstorms in the late afternoon into the evening. Thunderstorms Tuesday that do become severe would bring the potential for damaging winds, large hail and even a tornado or two. Most of the storm activity will stay along and east of Highway 75, however, once a storm does develop it will quickly grow in size and intensity.
There is an additional storm chance on Wednesday morning, though not as confident as Tuesday’s storm chance. These storms have a lower potential at becoming severe, but could still develop into strong to severe thunderstorms Wednesday. Wednesday afternoon should be mild in the mid to upper 60s with winds becoming NW at 10 to 20 mph behind a cold front. Later in the week, we stay generally on the cooler side with temperatures near 60 degrees during the day and just above freezing overnight.
Taking Action:
- Outdoor burning is not recommended today especially in North-Central Kansas where there will be high wildfire danger today.
- Now is the time to review your severe weather safety plans in preparation for next week’s severe storm potential. Don’t have a plan? Here’s what you should do!
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/04/09/saturday-night-forecast-warm-with-temperatures-tonight-40s-50s/ | 2022-04-09T23:19:27Z |
KNOXVILLE, Tenn., April 25, 2022 /PRNewswire/ -- Ministry Brands, the leading provider of software, services and information platforms for churches, ministries and those they serve, is pleased to announce the appointment of Chris Bacon as Chief Operations Officer and Holly McGiboney as Senior Vice President of Human Resources.
Bacon brings 25 years of experience in operational and executive leadership to Ministry Brands. He will guide strategic growth and cross-functional alignment to support the mission of advancing faith-based organizations through technology. Bacon joins Ministry Brands from Fiserv where he served as Head of Open Solutions overseeing processing, cyber security and depository solutions for financial institutions.
McGiboney's 20 years of experience in human resources and talent acquisition will continue to drive cohesion around the mission while fostering employee growth, supporting team expansion and elevating the people experience. Her past roles include leadership positions at FLEETCOR and Newport Group.
"Chris Bacon and Holly McGiboney are filling critical roles that will enhance our ability to rally around innovation as a unified team and drive digital engagement forward for our ministry partners," said Pat O'Donnell, CEO of Ministry Brands. "We look forward to their combined experience and expertise supporting the growth of the company, our customers and associates."
"The strong foundation Ministry Brands has built through its expanding software solutions and high-performing, mission-driven team sets the stage for promising growth opportunities, and I am thrilled to be a contributor," said Bacon.
"It is a privilege to join this collaborative team of forward-thinkers who have a true sense of a greater purpose in the work they do every day," said McGiboney. "I look forward to aligning our people strategy with our culture of innovation and excellence."
About Ministry Brands
Serving more than 95,000 customers, Ministry Brands is the leading provider of SaaS platforms for churches, parachurch ministries and other faith-based organizations in the United States and Canada. Under the leadership of a mission-driven management team, the company seeks to equip the 21st-century church with technology that empowers pastors, church executives, technology professionals and administrators to proactively carry out their mission with excellence, reverence, and efficiency. Ministry Brands' suite of solutions includes church management, online giving, accounting, mobile applications, website development, background checks, content, streaming, and messaging. Learn more at www.ministrybrands.com.
Contact: Pam Junot
Telephone: 888-400-1451 x 1158
Email: pam.junot@ministrybrands.com
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SOURCE Ministry Brands | https://www.mysuncoast.com/prnewswire/2022/04/25/ministry-brands-welcomes-new-chief-operations-officer-senior-vice-president-human-resources/ | 2022-04-25T16:35:40Z |
US will lift Trump-era steel tariffs on Ukraine
By Sam Fossum, CNN
The US will temporarily lift Trump-era tariffs on Ukrainian steel for a period of one year in a move aimed at helping the Ukrainian economy and sending a message of support as the country continues to resist Russia’s ongoing invasion.
“For steel mills to continue as an economic lifeline for the people of Ukraine, they must be able to export their steel. Today’s announcement is a signal to the Ukrainian people that we are committed to helping them thrive in the face of Putin’s aggression, and that their work will create a stronger Ukraine, both today and in the future,” US Commerce Secretary Gina Raimondo said in a written statement.
Ukrainian Prime Minister Denys Shmyhal asked the US to lift these tariffs during his meetings at the White House back in April, and some members of Congress have also been urging the administration to lift US tariffs on Ukrainian steel.
The move appears to be mostly symbolic. While Ukraine is a major global exporter of steel, the US only imported 130,649 metric tons of steel in 2021, according to the International Trade Administration.
The decision by the Commerce Department comes one day after the US unveiled another round of punitive sanctions and export controls against Russia for its unprovoked invasion of Ukraine, and G7 leaders held a virtual meeting with Ukrainian President Volodymyr Zelensky.
Back in 2018, the Trump administration imposed the 25% tariffs on steel and a 10% tariff on aluminum in a bid to support those industries, although the move at the time was also rebuked by US manufacturers of steel and aluminum made products, saying it would cost jobs and increase consumer prices.
Since President Joe Biden took office last year, his administration has methodically rolled back some tariffs imposed under the Trump administration as it tries to strengthen US ties with its allies. The US has reached negotiated agreements in the last year with both Japan and the European Union on reducing steel tariffs.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/politics/cnn-us-politics/2022/05/09/us-will-lift-trump-era-steel-tariffs-on-ukraine/ | 2022-05-09T23:29:12Z |
Sources: Trump approved of Capitol rioters’ threats against Pence
Published: May. 26, 2022 at 4:32 AM CDT|Updated: 1 hours ago
(CNN) - Former President Donald Trump reacted with approval to the chants by Capitol rioters to “hang Mike Pence” during the Jan. 6 insurrection, according to sources.
That testimony is said to come from Cassidy Hutchinson, former aide to White House Chief of Staff Mark Meadows.
In another statement to the Jan. 6 select committee, the aide said Trump also complained about Pence being taken to a safe area, the sources said.
A spokesperson for the House select committee declined to comment on the aide’s testimony.
A Trump spokesman said the leaks from the committee’s investigation were “fabricated and dishonest.”
Copyright 2022 CNN Newsource. All rights reserved. | https://www.kxii.com/2022/05/26/sources-trump-approved-capitol-rioters-threats-against-pence/ | 2022-05-26T11:03:55Z |
MINNEAPOLIS, Aug. 18, 2022 /PRNewswire/ -- Bio-Techne Corporation (NASDAQ: TECH) today announced that R&D Systems®, a Bio-Techne brand, has released its new Quantist Luminex® data analysis software. Compatible with all available Luminex xMAP® instruments, Quantist software provides fast, reliable analysis of Luminex multiplex assay data, helping researchers extract valuable insights from complex data.
The new Quantist software provides researchers with an important tool for quickly analyzing dozens of analytes with improved accuracy and efficiency, including the ability to evaluate the long-term consistency of their Luminex assay data. The intuitive software interface allows users to easily make inter-assay comparisons, adjust standard curve parameters, and export optimized data for creating ready-to-graph Excel files.
"The ability to accurately analyze complex scientific data and turn it into actionable insights is critical across all areas of research," said Will Geist, Bio-Techne's Protein Sciences Segment President. "Quantist helps meet this fundamental need, allowing researchers to uncover valuable insights that can accelerate discovery. It also provides an important component in our ongoing strategy of supporting customers with end-to-end solutions across their multiplex assay workflow."
Luminex xMAP technology is a leading bead-based assay platform that allows for the simultaneous detection of multiple targets in a single sample. The quantification of multiple cytokines and other biomarkers in a sample provides critical information about biological processes and diseases. With Quantist software, R&D Systems Luminex users now have a comprehensive, end-to-end workflow solution for intelligent, high-performance multiplexing.
Taken together, R&D Systems® Discovery and High Performance assays comprise one of the largest, most flexible Luminex analyte menus available. Assays are available for human, mouse, porcine, non-human primate, and rat from samples including serum, plasma, and cell culture media.
About Bio-Techne
Bio-Techne Corporation (NASDAQ: TECH) is a global life sciences company providing innovative tools and bioactive reagents for the research and clinical diagnostic communities. Bio-Techne products assist scientific investigations into biological processes and the nature and progress of specific diseases. They aid in drug discovery efforts and provide the means for accurate clinical tests and diagnoses. With thousands of products in its portfolio, Bio-Techne generated approximately $1.1 billion in net sales in fiscal 2022 and has approximately 3,000 employees worldwide. For more information on Bio-Techne and its brands, please visit http://www.bio-techne.com
About Bio-Techne Corporation (NASDAQ: TECH)
Contact: David Clair, Vice President, Investor Relations
david.clair@bio-techne.com
612-656-4416
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SOURCE Bio-Techne Corporation | https://www.kxii.com/prnewswire/2022/08/18/bio-techne-announces-release-quantist-luminex-data-analysis-software/ | 2022-08-18T11:47:54Z |
Alan Tudyk talked about playing an alien on “Resident Alien” and how he came up with his character’s alien voice. He shared details about what to expect from the upcoming episodes and said it is a really fun role to play.
“Resident Alien” returns with new episodes at 10 p.m. on Wednesday SyFy. You can also stream “Resident Alien” on Peacock.
This segment aired on the KTLA 5 Morning News on August 9, 2022. | https://cw33.com/news/alan-tudyk-says-his-character-on-resident-alien-learned-how-to-speak-english-from-law-order/ | 2022-08-09T21:56:46Z |
Consumers can fill up at designated fueling pumps across the US to help kids in their community
HOUSTON, Aug. 1, 2022 /PRNewswire/ -- Driven by the success of its first year, Shell Oil Products US ("Shell") is proud to announce the return of The Giving Pump initiative, benefiting non-profits across the nation. Starting today and running through Oct. 31, a portion of the purchases made by consumers who use the designated pump at select Shell stations will support local children's charities. For the second year, The Giving Pump can be found across 48 states as part of Shell's Force For Good initiative to give back and drive positive change in local communities.
The Giving Pump will be specially marked at participating stations with colorful signage to inspire consumers to fuel up and support a range of children's focused nonprofits, including children's hospitals, schools, literacy programs, youth-based food pantries and more. The number of Shell stations has more than doubled from last year with more than 6,500 Shell stations across the US participating in this three-month Giving Pump initiative. To find a participating station near you, visit shell.us/givingpump.
"We are thrilled to bring back The Giving Pump to make an even bigger impact this year and give customers the chance to support local charities across the country," said Shannon Bryan, Manager of Brand and Communications for Shell Retail US. "We encourage our customers to pay it forward at the pump and choose The Giving Pump on their next fill up or road trip pit stop to help us fuel the future of local communities."
The Giving Pump is supporting 527 local charities across the US including Boys & Girls Clubs, St. Jude Children's Research Hospital, Shriner's Hospital for Children, Make a Wish Foundation, Autism Speaks and more.
In 2021, Shell wholesalers and retailers donated over $1.5 million, supporting over 400 children's charities through The Giving Pump. In the US, the designated giving pumps were used 7.2 million times and pumped 72 million gallons of gas.
Visit shell.us/givingpump to find additional program details, participating sites and content on local charity partners, and follow @ShellStationsUS to keep up with the latest news.
Media Images: Link
ABOUT SHELL
Shell Oil Products US is an affiliate of Shell plc, a global group of energy and petrochemical companies with operations in more than 70 countries. In the U.S., Shell operates in 50 states and employs more than 12,000 people working to help tackle the energy challenges of the future.
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SOURCE Shell | https://www.kxii.com/prnewswire/2022/08/01/giving-pump-launches-more-than-6500-shell-stations-nationwide-offer-consumers-opportunity-fill-up-good/ | 2022-08-01T19:02:38Z |
Home discount retailer kicks off back-to-campus season with new collections, savings
COLUMBUS, Ohio, July 27, 2022 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG), one of America's largest home discount retailers, announced today an expanded offering of campus living essentials for students moving to campuses across the country this fall. The brand has modified its store space to include a "back-to-campus center," where students and families can find deals on everything needed for their dorm room or apartment, including furniture, décor, bedding, food and snacks, laundry and cleaning products, beauty and personal care items, school supplies and more.
"Whether you're moving into a new dorm, apartment or home, Big Lots is the place to go to cross everything off your shopping list, plus a few surprising extras, at bargain prices," said Bruce Thorn, president and CEO. "This year, we've expanded our already unmatched selection of campus living essentials and treasures, plus grouped them in a convenient 'store-within-a-store,' where you can find and compare items and styles to outfit your unique living space."
Big Lots' back-to-campus center includes vignettes that display combinations of furniture, décor, appliances and other essentials students need to furnish their campus home. The items are displayed as collections, including Big Lots exclusives from Real Living™ and Broyhill® that fit a variety of personalities, with gender-neutral options available. Customers can shop Big Lots' back-to-campus selection at biglots.com/campus.
With more than 400 Big Lots retail stores located near college and university campuses in the U.S., many students can take advantage of multiple same-day and two-day delivery options, including through new partnerships with Shipt and Instacart. Customers can choose to pay online with Apple Pay, Google Pay and PayPal, or opt to pay later for select purchases on biglots.com in four interest-free payments using PayPal Pay in 4*.
To learn about more ways to save, customers can sign up to be BIG Rewards members and receive a 15% off joining bonus as well as rewards after every three purchases. BIG Rewards, ranked by Newsweek as one of America's Best Loyalty Programs of 2022, also includes frequent 20% off coupons, free item weekends, "Big Bucks" coupons, a birthday surprise and many other exclusive offers throughout the year.
Big Lots features a unique shopping experience — part treasure hunt, part bargain hunt and part everyday necessities — to its growing community of "BIGionaires," or customers who feel like a million bucks shopping for the best deals. To shop online or find the store nearest you, visit biglots.com.
*About Pay in 4: Pay in 4 is available to consumers upon approval for purchases of $30 - $1500. Eligibility varies by state. CA: Loans made or arranged pursuant to a California Financing Law License. GA: Installment Lender Licensee, NMLS #910457. RI: Small Loan Lender Licensee. Learn more here.
Headquartered in Columbus, Ohio, Big Lots, Inc. (NYSE: BIG) is a leading home discount retailer and a Fortune 500 company, operating 1,438 stores in 47 states, as well as a best-in-class ecommerce platform with expanded capabilities via BOPIS, curbside pickup, Instacart and same day delivery across thousands of items. The company's product assortment is focused on home essentials: Furniture, Seasonal, Soft Home, Food, Consumables and Hard Home. Ranked one of the fastest-growing eCommerce businesses by Digital Commerce 360 and the recipient of Home Textiles Today's 2021 Retail Titan Award, Big Lots' mission is to help people Live BIG and Save Lots. The company strives to be the BIG difference for a better life by delivering exceptional value to customers through the ultimate treasure hunt shopping experience, building a "best places to grow" culture, rewarding shareholders with consistent growth and top-tier returns and doing good in local communities. For more information about the company, visit biglots.com.
Media Contact:
Josh Chaney
press@biglots.com
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SOURCE Big Lots, Inc. | https://www.mysuncoast.com/prnewswire/2022/07/27/big-lots-expands-offering-college-essentials-bargain-prices/ | 2022-07-27T13:49:22Z |
PRINCETON, N.J., June 6, 2022 /PRNewswire/ -- Miami International Holdings, Inc. (MIH) today reported May 2022 trading results for its U.S. exchange subsidiaries – MIAX®, MIAX Pearl® and MIAX Emerald® (together, the MIAX Exchange Group™), and Minneapolis Grain Exchange (MGEX™).
May 2022 Trading Volume Highlights
- Total U.S. multi-listed options market share for the MIAX Exchange Group reached 13.8%, down 94 basis points year-over-year (YoY) and representing a 6.4% decrease. A total of 110.3 million multi-listed options contracts were executed on the MIAX Exchange Group, representing a 10.6% increase YoY and an average daily volume (ADV) of 5,250,319 contracts. Total year-to-date (YTD) volume reached a record 560.9 million contracts, an increase of 8.2% from the same period in 2021.
- MIAX Options reported record YTD volume of 230.3 million contracts, up 22.3% from the same period in 2021, with volume reaching 47.7 million contracts, an 11.2% YoY increase. MIAX Emerald reported record YTD volume of 148.7 million contracts, a 10.2% increase from the same period in 2021, with volume totaling 26.0 million contracts, a 35.1% YoY increase. MIAX Pearl reported YTD volume of 181.8 million contracts, a 6.7% decrease from the same period in 2021, with volume totaling 36.5 million contracts, a 2.7% YoY decrease.
- In U.S. equities, MIAX Pearl Equities™ reported monthly volume of 2.8 billion shares representing a 391.4% increase YoY and a market share of 1.0%. Total YTD volume reached a record 12.9 billion shares, a 418.2% increase from the same period in 2021.
- MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reported trading volume of 263,158 contracts, a 0.8% increase YoY. Total YTD volume reached a record 1,439,543 contracts, an increase of 5.0% from the same period in 2021.
- SPIKES® Futures volume totaled 41,289 contracts, a 16.7% decrease from the 49,593 contract total in April 2022 and representing an ADV of 1,966 contracts.
Additional MIAX Exchange Group and MGEX volume details are included in the following tables.
About MIAX
MIAX's parent holding company, Miami International Holdings, Inc., owns Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), Minneapolis Grain Exchange, LLC (MGEX™), and Bermuda Stock Exchange (BSX™).
MIAX, MIAX Pearl and MIAX Emerald are national securities exchanges registered with the Securities and Exchange Commission (SEC) that leverage MIAX's industry-leading technology and infrastructure to provide U.S. listed options trading to their member firms. MIAX serves as the exclusive exchange venue for cash-settled options on the SPIKES® Volatility Index (Ticker: SPIKE), a measure of the expected 30-day volatility in the SPDR® S&P 500® ETF (SPY). In addition to options, MIAX Pearl facilitates the trading of cash equities through MIAX Pearl Equities™.
MGEX is a registered exchange with the Commodity Futures Trading Commission (CFTC) and is a Notice Registered Securities Futures Product Exchange with the SEC. MGEX serves as the exclusive market for a variety of products including Hard Red Spring Wheat, SPIKES Futures, BRIXX™ Commercial Real Estate Futures and TAX Futures. MGEX is a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) under the CFTC, providing DCM, DCO and cash market services in an array of asset classes.
BSX is a fully electronic, vertically integrated international securities market regulated by the Bermuda Monetary Authority (BMA) specializing in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and insurance linked securities. A full member of the World Federation of Exchanges and affiliate member of the International Organization of Securities Commissions, BSX is globally recognized, including by the SEC.
MIAX's executive offices and National Operations Center are located in Princeton, NJ, with additional offices located in Miami, FL, Minneapolis, MN, and Hamilton, Bermuda.
To learn more about MIAX visit www.MIAXOptions.com.
To learn more about MGEX visit www.mgex.com.
To learn more about BSX visit www.bsx.com.
Disclaimer and Cautionary Note Regarding Forward-Looking Statements
The press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities of Miami International Holdings, Inc. (together with its subsidiaries, the Company), and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer; solicitation or sale would be unlawful. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
All third-party trademarks (including logos and icons) referenced by the Company remain the property of their respective owners. Unless specifically identified as such, the Company's use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between the owners of these trademarks and the Company. Any references by the Company to third-party trademarks is to identify the corresponding third-party goods and/or services and shall be considered nominative fair use under the trademark law.
Media Contact:
Andy Nybo, SVP, Chief Communications Officer
(609) 955-2091
anybo@miami-holdings.com
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SOURCE MIAX | https://www.kxii.com/prnewswire/2022/06/06/miami-international-holdings-reports-may-2022-trading-results-multiple-exchanges-set-new-volume-records/ | 2022-06-06T15:58:50Z |
AgTech Start Up's Unique Field-Ready Bio-based Fertilizer Increases Commercial Crop Yield, Reduces Greenhouse Gases by Up to 32%
WINTER GARDEN, Fla., April 25, 2022 /PRNewswire/ -- Anuvia™ Plant Nutrients today announced it has raised $65.5 million in Series D funding co-led by Riverstone Holdings LLC and Piva Capital. Anuvia will use the financing to increase production capacity at its U.S.-based eco-friendly manufacturing facility and expand commercialization of its SymTRX™ XP line of field-ready bio-based fertilizers for large-scale agriculture. Also joining the Series D round are Morgan Stanley Investment Management, LK Advisers Limited (Mittal Family Office), along with existing investor Pontifax Global Food and Agriculture Technology Fund.
The funding announcement comes at a time when the U.S. Department of Agriculture (USDA) has pledged $250 million to support "innovative American-made fertilizers," underscoring the need to reduce dependence on traditional fertilizers sourced internationally.
"With consumers, regulators, and the public pushing for more sustainable food production methods, Anuvia is focused on rapidly increasing manufacturing capacity of our field-ready bio-based plant nutrient system," said Amy Yoder, CEO, Anuvia Plant Nutrients. "Anuvia's production is entirely U.S. based, ensuring supply-chain security for North American growers."
Recently, Anuvia completed the expansion of its facility in Plant City, Florida. The facility has the capacity to expand to 1.2 million tons per year, enough to service over 20 million acres of agricultural crops and meet the growing demand for sustainable products. This production facility represents a novel, sustainable approach to repurposing and extending the useful life of idled fertilizer manufacturing facilities. Its manufacturing forms a closed loop in which no waste stream is created—only clean air and finished product. For every ton of organic material used, approximately a ton of fertilizer is produced.
"We believe Anuvia occupies a unique niche in the fertilizer value chain by delivering a sustainable product that decarbonizes existing on-farm practices while improving yields at attractive ROIs for row crop growers," said Cynthia Kueppers, Managing Director at Riverstone Holdings LLC. "Through its waste-to-value production process and reduced reliance on traditional nutrition derived from fossil fuels, Anuvia is positioned to become a key player in transitioning the industry to more sustainable growing practices."
According to an environmental audit conducted by Environmental Resources Management [ERM], Anuvia's impact is substantial: for every million acres of crops that use Anuvia's products, the reduction of greenhouse gases is the equivalent of removing up to 30,000 cars from the roads.
"The world's agriculture market is facing unprecedented times," said Mark Gudiksen, Managing Partner at Piva Capital. "From shortages in food production due to rising energy prices coupled with the recent dramatic fall off in supply availability of fertilizer, there has never been a greater need for sustainable bio-based fertilizers like Anuvia's. The company not only has the ability to scale world-class manufacturing capacity that can help farmers produce crops that reduce greenhouse gasses, but it can also do so at a scale and speed that will help address the challenges facing global fertilizer supply."
In addition, Anuvia announced that Lynn White, Founder and Managing Director of the Twemlow Group, will become Chairman of Anuvia's Board of Directors. New board members include Cynthia Kueppers, Managing Director, Riverstone Holdings LLC and Mark Gudiksen, Managing Partner, Piva Capital. Stepping down from the board are Rich Mack and Bill Buckner.
About Anuvia Anuvia Plant Nutrients manufactures high-efficiency, sustainable field-ready fertilizers for the agriculture, turf, and lawncare industries. Located in Winter Garden, Florida, the company developed and uses a unique technology that not only optimizes nutrient availability and efficiency for plants, but also improves soil health, preserves natural resources, and reduces greenhouse gas emissions. Anuvia was recently recognized by the Financial Times as one of the Americas' fastest growing companies for the second consecutive year. Anuvia is committed to offering easily adoptable, profitable, and sustainable solutions to customers, their communities, and global agriculture. To learn more about Anuvia Plant Nutrients – GreenTRX for Turf and Lawn, SymTRX for Agriculture – visit www.anuviaplantnutrients.com.
About Piva Capital Piva Capital is a San Francisco-based venture capital firm investing in visionary entrepreneurs who are solving the world's critical industrial challenges with breakthrough technologies and innovative business models. For more information, please visit us at Piva.vc, on LinkedIn and Medium.
About Riverstone
Founded in 2000 by David Leuschen and Pierre Lapeyre, Riverstone Holdings LLC is an asset management firm that invests in the private markets primarily within energy, power, infrastructure and decarbonization. Since inception, Riverstone has raised over $43bn of capital to invest across the capital structure and in all major components of our industry's value chain. Riverstone's low carbon investment franchise has invested more than $6.6bn in the renewable infrastructure and decarbonization categories since its inception in 2006. Within the last two year alone, Riverstone has raised more than $3bn for over a dozen transactions involving differentiated companies that are decarbonizing critical industries. Visit www.riverstonellc.com.
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SOURCE Anuvia Plant Nutrients | https://www.mysuncoast.com/prnewswire/2022/04/25/anuvia-secures-655-million-piva-capital-riverstone-scale-us-production-sustainable-fertilizer/ | 2022-04-25T16:32:49Z |
Adyen's single platform enables Amazon.co.jp to optimize checkout experience
TOKYO, April 25, 2022 /PRNewswire/ -- Adyen (AMS:ADYEN), the global financial platform of choice for leading companies, is now processing payments for Amazon Japan. Using Adyen's platform, Amazon Japan will further optimize the payment data and checkout experience for its Amazon.co.jp customers.
Adyen's direct acquiring and data-rich insights enable Amazon Japan to provide a more seamless flow for its customers, whether they're shopping from Japan or overseas.
"Japan's digital sector has seen accelerated growth in the past two years. Tapping into Adyen's platform allows Amazon Japan to offer richer customer experiences with our payment optimization tools and data insights," said Jonathan Epstein, Country Manager Japan, Adyen.
"We strive to provide our customers with the best shopping experience, and Adyen's global payments expertise is a great match for Amazon's customer-centric philosophy," said Henri Tsuruta, Head of Finance, Amazon Japan Consumer Payments.
About Adyen
Adyen (AMS: ADYEN) is the financial technology platform of choice for leading companies. By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with the likes of Facebook, SHEIN, Uber, Spotify, L'Oréal, Cathay Pacific, Grab, Klook, and Singapore Airlines. The cooperation with Amazon Japan as described in this merchant update underlines Adyen's continuous growth with current and new merchants over the years.
* Amazon and Amazon.co.jp are trademarks of Amazon.com, Inc. and its affiliates.
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SOURCE Adyen Inc. | https://www.kxii.com/prnewswire/2022/04/26/adyen-payments-platform-selected-by-amazon-japan/ | 2022-04-26T00:29:42Z |
Retailers are struggling to keep products on the shelves to keep their customers happy. Inventory management has become a guessing game driven by fear. "Companies are so scared of not having what they need that they are erring on the side of ordering "a lot" said Scott Hoyt, senior director for Moody's Analytics. 1
NEW YORK, May 31, 2022 /PRNewswire/ -- 7thonline, Inc. is the global leader in integrated demand planning and inventory management solutions for multi-channel retail, supply chain, and wholesale businesses.
7thonline has launched its latest application, 'Inventory Control Desk™' in response to calls from multi-channel retail companies grappling with lost sales and growing inventory management problems. The application provides daily, weekly, and monthly sales and inventory positions. It also generates sales forecasts and alerts for re-orders when inventory positions are at risk. As a result, 'Inventory Control Desk™' affords visibility to plan and execute promotions, markdowns, transfers, and closeouts.
"We are thrilled to bring 'Inventory Control Desk™' to market. The final product is a true collaboration with clients and industry colleagues alike. We have signed-on several major retailers with one having over 8000 stores. The feedback has been extraordinary. The application's release has been met with overwhelming success, and we are certainly proud of our entire team who made this vision a reality."
– Chris Chung, 7thonline President, Americas & EMEA
A CNBC press release on May 24, 2022, states, "They [retailers] double order to get inventory in the door, and then as demand softens, they can end up with too much inventory and have to cut back and markdown existing inventory…Walmart was off by a lot — caught with 32% more inventory year over year. Target was higher by 43%; Abercrombie & Fitch inventory was up 45% year over year."1
"It's crazy," former Walmart president and CEO Bill Simon told CNBC last week. ″I mean 8% would have been high, 15% would have been terrible, 32% is apocalyptic. I mean that's billions of dollars of inventory. That's just frankly not managed very well."1
'Inventory Control Desk™' was designed to address the challenges facing retail executives regarding managing inventory level liquidity and optimizing working capital to name a few which will result in improved customer satisfaction and increased revenue and profits.
7thonline is the leading provider of omni-channel demand planning and inventory management solutions to the retail, wholesale, and supply chain industries. Deployed as a cloud-native SaaS enterprise solution, 7thonline applications optimize merchandise planning and demand forecasting for Tier 1 retailers. Customers include Calvin Klein, Patagonia, Tommy Hilfiger, Michael Kors, Nautica, PVH, Bestseller, Colony Brands and VF, etc. 7thonline is headquartered in New York, NY and has sales and development offices globally.
To learn more, visit http://www.7thonline.com.
Media Contact: info@7thonline.com
7thonline, Inc.
70 West 40th Street
New York, NY 10018
(212) 997-1717
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SOURCE 7th Online, Inc. | https://www.mysuncoast.com/prnewswire/2022/05/31/empty-shelves-supply-chain-woes-7thonline-answers-calls-retail-giants-with-saas-solution-inventory-control-desk/ | 2022-05-31T18:12:38Z |
CALGARY, AB, July 29, 2022 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported second quarter 2022 financial results, reaffirmed its 2022 financial outlook and announced $3.6 billion of newly secured growth projects this quarter.
Highlights
(All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. Please refer to Non-GAAP Reconciliations Appendices.)
- Second quarter GAAP earnings of $0.5 billion or $0.22 per common share, compared with GAAP earnings of $1.4 billion or $0.69 per common share in 2021
- Adjusted earnings* of $1.4 billion or $0.67 per common share*, compared with $1.4 billion or $0.67 per common share* in 2021
- Adjusted earnings before interest, income taxes and depreciation and amortization (EBITDA)* of $3.7 billion, compared with $3.3 billion in 2021
- Cash provided by operating activities of $2.5 billion, compared with $2.5 billion in 2021
- Distributable cash flow (DCF)* of $2.7 billion or $1.36 per common share*, compared with $2.5 billion or $1.24 per common share* in 2021
- Reaffirmed 2022 full year guidance range for EBITDA of $15.0 billion to $15.6 billion and DCF per share of $5.20 to $5.50
- Executing the Company's diversified secured capital program with approximately $4 billion on track to enter service in 2022, providing visible EBITDA growth in the years ahead
- Reached a settlement in principle with participants on Texas Eastern ensuring the system continues to earn an appropriate return on invested capital
- Sanctioned two projects totaling US$0.4 billion to deliver 1.5 billion cubic feet per day (bcf/d) of natural gas to Venture Global's Plaquemines LNG facility
- Secured estimated $1.2 billion expansion of B.C. Pipeline's T-North section to serve growing regional demand and west coast LNG exports
- Launched a binding open season for a $2.5+ billion expansion of B.C. Pipeline's T-South section adding approximately 300 million cubic feet per day of new capacity
- Announced an investment in the 2.1 million tonnes per annum (mtpa) Woodfibre LNG facility, representing a 30% interest, further advancing Enbridge's LNG export strategy
- Concluded three successful open seasons for capacity on the Alliance Pipeline highlighting the unique value of its liquids-rich transportation capability
- Issued 21st Sustainability Report, demonstrating the Company's ongoing progress towards the goals set in November 2020
- The Company remains committed to its equity self-funding model and is on track to achieve Debt to EBITDA of 4.7x or lower by year end, providing significant financial flexibility
CEO COMMENT
Al Monaco, President and CEO commented on the following:
"Rising global energy shortages and high commodity prices are highlighting the importance of secure, affordable, and reliable energy supply. Energy markets are at a pivotal point, requiring renewed investment in both conventional and low-carbon energy supply to meet growing energy demand, while achieving society's emissions reductions goals. North America is ideally positioned to play a critical role in meeting future energy demand with its massive, low-cost and sustainable resources.
"The current energy outlook validates our dual-pronged strategy to expand our existing conventional pipeline and export businesses, while ramping up investment in low-carbon opportunities to drive future growth platforms. As we execute our strategy, we're committed to maintaining our low-risk business model which provides predictable and resilient cash flows in all market cycles.
"In the second quarter, we continued to progress well on our strategic priorities.
"Operational performance remained strong, translating into good second quarter financial results. Through the first six months, we're tracking to plan and are on target to achieve our full-year EBITDA and DCF per share guidance.
"Our recently published 21st annual Sustainability Report provides an update on our performance versus the targets we set in 2020. Emissions continue to trend positively towards our 2030 interim target, employee diversity is growing, and our safety results remain industry leading.
"We're progressing discussions with shippers on a new mainline tolling agreement, with two attractive commercial paths under evaluation, an incentive tolling or cost-of-service model. Both options keep us aligned with our customers and provide predictable cash flows at an appropriate return. We aim to make a decision by the end of the summer on the best path forward.
"We're executing on our $10 billion diversified secured growth program with almost $4 billion on track to enter service in 2022. And, we've added over $3.6 billion of new projects to our secured backlog, including an expansion of our B.C. Pipeline System, an extension of Texas Eastern and an investment in the Woodfibre LNG facility. This brings the total newly sanctioned growth projects in 2022 to $4.5 billion. These commercially secured investments demonstrate the value of our continental natural gas transmission system's connectivity and cost competitiveness.
"In May, we sanctioned an extension of our Texas Eastern system to serve Venture Global's Plaquemines LNG facility in the U.S. Gulf Coast. Once complete, this will bring the number of directly connected export facilities to five, and we've secured two additional projects that will supply Rio Grande and Texas LNG, once they reach a final investment decision.
"To compliment the great progress we've made on building our Gulf Coast infrastructure position, we're now executing a significant component of our natural gas strategy in B.C., which illustrates the value of our existing position in western Canada.
"Strong natural gas demand fundamentals and growing exports are driving a significant opportunity on our B.C. Pipeline System. We're moving forward with a 535 mmcf/d expansion of the T-North system stemming from a recent binding open season that garnered strong commercial support from our customers and is expected to be in service in 2026. This project will ensure growing regional supply gets to local and global demand centers.
"We also announced an exciting investment in the 2.1 mtpa Woodfibre LNG facility, which fits our low-risk pipeline-utility commercial model and will generate an attractive return. This investment is a natural extension of our B.C. Pipeline System, which will supply gas to the facility under a long-term transportation agreement, and supports further expansion of the B.C. Pipeline System. Export fundamentals for western Canadian LNG to Asian markets are strong and the Woodfibre facility provides a cost-competitive source of supply.
"This investment also aligns very well with our ESG criteria on two fronts. First, the project has strong local community and Indigenous support, with the potential for future Indigenous equity participation. Second, Woodfibre will be among the leaders globally in emissions per mtpa produced thanks to the use of hydroelectricity to power the facility.
"With Woodfibre moving forward, we've also announced we're kicking off an open season on the T-South section of our B.C. Pipeline to ensure Pacific Northwest demand has access to affordable, reliable energy. This could result in a $2.5B+ expansion of T-South.
"Our secured growth backlog is now $13 billion with capital to be deployed between now and 2026. Funding requirements fit well within our $5-6 billion of annual investable capacity, and we remain committed to our equity self-funding model. Our disciplined approach to capital investment and low-risk commercial model support a transparent growth outlook through 2024, and we are growing the secured backlog supporting growth beyond 2024. We will continue to prioritize a strong balance sheet, sustainable dividend growth, attractive organic growth, and share repurchases.
"Through the first half of 2022, we've made excellent progress advancing our strategic priorities and we believe our strategy will generate long-term value and an attractive return of capital to shareholders while supporting growing global demand for secure and affordable energy needed to bridge to a cleaner energy future.
FINANCIAL RESULTS SUMMARY
Financial results for the three months ended June 30, 2022 and 2021 are summarized in the table below:
GAAP earnings attributable to common shareholders for the second quarter of 2022 decreased by $944 million or $0.47 per share compared with the same period in 2021, primarily due to the impact of the mark-to-market value of derivative financial instruments used to manage foreign exchange risk. In the second quarter of 2022, GAAP earnings attributable to common shareholders were negatively impacted by non-cash, net unrealized derivative fair value losses of $850 million compared with unrealized gains of $242 million in the second quarter of 2021.
The period-over-period comparability of GAAP earnings attributable to common shareholders is impacted by certain unusual, infrequent factors or other non-operating factors which are noted in the reconciliation schedule included in Appendix A of this news release. Refer to the Management's Discussion & Analysis for the second quarter of 2022 filed in conjunction with the second quarter financial statements for a detailed discussion of GAAP financial results.
Adjusted EBITDA in the second quarter of 2022 increased by $413 million compared with the same period in 2021. This was primarily driven by contributions from new assets placed into service including the U.S. portion of the Line 3 Replacement Project and the acquisition of the Enbridge Ingleside Energy Center.
Adjusted earnings in the second quarter of 2022 decreased by $7 million, or less than $0.01 per share, primarily due to higher Adjusted EBITDA contributions, offset by higher financing costs due to lower capitalized interest with the completion of the U.S. portion of the Line 3 Replacement Project along with the impacts of rising interest rates on floating-rate debt, increased depreciation expense on new assets placed into service in 2021 and higher income taxes on higher earnings.
DCF for the second quarter of 2022 increased by $244 million, or $0.12 per share, primarily due to higher Adjusted EBITDA contributions partially offset by higher cash taxes on higher taxable earnings and higher financing costs noted above.
Detailed financial information and analysis can be found below under Second Quarter 2022 Financial Results.
FINANCIAL OUTLOOK
The Company reaffirms its 2022 financial guidance announced at its December Investor Day, which included adjusted EBITDA between $15.0 and $15.6 billion and DCF per share between $5.20 to $5.50. Results for the first half of 2022 are in line with expectations and the Company anticipates that its businesses will continue to experience strong utilization and good operating results through the balance of the year with normal course seasonality. Forward financial guidance reflects a provision in recognition of the uncertainty of future Mainline tolls associated with the ongoing commercial framework discussions with shippers.
Strong operational performance is expected to be offset by challenging market conditions which continue to impact Energy Services, along with higher financing costs, due to rising interest rates, relative to 2022 financial guidance.
FINANCING UPDATE
In May of 2022, Enbridge secured a 1-year US$1.5 billion term loan and replaced a maturing 52.5 billion yen term loan (approximately C$500 million) with a 3-year 84.8 billion yen term loan (approximately C$800 million) at attractive rates, with proceeds used to pay existing indebtedness and for other general corporate purposes.
On June 1, 2022, Enbridge closed the previously announced redemption of US$200 million outstanding Cumulative Redeemable Preference Shares, Series J.
The Company expects to continue to fund its secured capital growth program within its equity self-funding model utilizing internally generated cash flows and future debt financings while maintaining its debt-to-EBITDA ratio within the Company's target range of 4.5 to 5.0x.
SECURED GROWTH PROJECT EXECUTION UPDATE
During the second quarter, the Company added $3.6 billion of growth capital to its secured capital program, including a US$0.4 billion extension of the Texas Eastern System associated with Venture Global's Plaquemines LNG project, an estimated $1.2 billion expansion of B.C. Pipeline System's T-North section (T-North Expansion), and a US$1.5 billion investment in the Woodfibre LNG facility. The commercial terms of these projects, discussed in more detail below, are consistent with Enbridge's low-risk business model and demonstrate the value of Enbridge's existing infrastructure to meet growing demand for energy.
The Company's current secured growth program is now approximately $13 billion and in addition to the newly secured projects announced today, includes ratable capital requirements for both Gas Transmission's modernization and Gas Distribution's utility growth programs, as well as four offshore wind projects in France that are expected to provide a combined 1.5 GW (0.3 GW net) of generation capacity, and a number of other smaller projects across the business.
Funding of the secured growth program will be provided for entirely through the Company's $5-6 billion of annual investable capacity, comprised of internally generated free cash flow and balance sheet capacity.
Venice Extension and Gator Express Meter Projects
The Company has sanctioned the Venice Extension Project and the Gator Express Meter Project to deliver a combined 1.5 bcf/d of natural gas to Venture Global's Plaquemines LNG facility located in Plaquemines Parish, Louisiana.
These projects will involve 36-inch diameter pipe, metering, and compressor station additions and improvements on the Texas Eastern System, with a combined estimated capital cost of US$0.4 billion underpinned by long-term take-or-pay contracts. The Gator Express Meter Project is expected to be in service in 2023 and the Venice Extension Project is expected to be in service in 2024.
T-North Expansion
During the second quarter, Enbridge successfully completed a binding open season for a 535 MMcf/d T-North Expansion project with an estimated capital cost of $1.2 billion.
The T-North Expansion will consist of compressor unit additions, pipeline looping and other ancillary station modifications. Enbridge has now begun the regulatory and permitting process and plans to file with the Canada Energy Regulator (CER) in 2024.
The project is expected to be placed in service in 2026 and will be underpinned by a cost-of-service commercial model.
Woodfibre LNG Investment
Today, Enbridge announced it has signed an agreement to invest in the 2.1 Mtpa (~300 MMcf/d) Woodfibre LNG facility located in Squamish, B.C. developed by Pacific Energy Corporation Limited. Enbridge's non-operating interest will be 30% and will receive a preferred equity distribution that is consistent with the Company's low-risk pipeline-utility model. The preferred equity distribution to be based on capital costs for the investment in the LNG plant and related facilities to be determined in the first half of 2023.
The total project cost of the Woodfibre LNG facility is approximately US$5.1 billion and consists of the liquefaction and floating storage facilities at the site, as well as an expansion of Fortis BC's' Eagle Gas Pipeline to transport feedstock from Enbridge's B.C. Pipeline to Woodfibre LNG. Enbridge will contribute its pro-rata share of construction costs during project execution, which is expected to be funded through equity injections of US$0.7 billion and project level non-recourse debt, the later of which Enbridge's proportionate share is expected to be approximately US$0.6 billion. Enbridge's investment is expected to include $0.2 billion of capitalized interest.
The project holds a 40-year export license and has received all major environmental permits, including the Squamish Nation Environmental Agreement. Woodfibre LNG has strong Indigenous support gained through extensive and meaningful consultation with local Indigenous Peoples and has signed a benefits agreement with the Squamish Nation.
The facility is expected to be placed into service in 2027.
BUSINESS UPDATES
Mainline Commercial Framework
The Company is currently advancing two potential commercial frameworks for the Mainline in parallel: i) a new incentive rate-making agreement that may be similar to the Competitive Toll Settlement (CTS) agreement that expired on June 30, 2021, and ii) a Canadian Mainline cost-of-service application. Either framework is anticipated to provide attractive risk-adjusted returns for operating the Canadian Mainline and the range of financial outcomes is not expected to materially impact Enbridge's financial outlook.
Enbridge has consulted with industry participants and accordingly shared incentive rate making proposals, supported by detailed cost information, with an industry negotiation group comprised of a cross-section of industry participants, including producers, integrated producers and refiners.
The Company anticipates that it will decide at the end of the third quarter whether to file either a negotiated incentive tolling settlement or a cost-of-service application with the Canada Energy Regulator.
Texas Eastern Transmission, LP (Texas Eastern) Rate Case
On July 11, 2022, Texas Eastern requested the chief Administrative Law Judge to suspend the procedural schedule on its consolidated rate case, as an unopposed settlement in principle was reached between the participants. Texas Eastern will be working with the participants to finalize the Stipulation and Agreement over the next couple of months.
T-South Expansion Open Season
The Company has announced a binding open season to secure the proposed expansion of the T-South section of its B.C. Pipeline System for up to 300 MMcf/d with an estimated capital cost of $2.5+ billion. The expansion project is designed to serve demand in the U.S. Pacific Northwest region. If successful, the Company anticipates the project would be placed into service in 2028 and be subject to cost-of-service rates.
Alliance Pipeline (Alliance) Recontracting
During the second quarter of 2022, Alliance successfully concluded three open seasons for capacity on its system. The largest of the open seasons resulted in approximately 270 MMcf/d of incremental long-term firm service, with a volume weighted average term of 15 years, commencing in November 2022. Recent open seasons have resulted in Alliance being contracted over 90 percent for both the current and next gas year, highlighting the value of Alliance's competitive access to mid-western U.S. gas markets, and as a conduit to the U.S. Gulf Coast and its LNG market.
Normal Course Issuer Bid (NCIB) Execution
In the second quarter of 2022, Enbridge repurchased and cancelled approximately 2 million of its common shares for approximately $100 million as part of its NCIB.
Enbridge's NCIB commenced on January 5, 2022 and expires on the earlier of January 4, 2023 or when the Company reaches the approved share repurchase limit of 31,062,331 common shares to an aggregate amount of up to $1.5 billion. Since inception of the NCIB, the Company has repurchased approximately 3 million shares.
Enbridge will continue to evaluate opportunities to repurchase shares pursuant to the Company's NCIB predicated upon maintaining a strong balance sheet, strong business performance, and evaluated against the availability and attractiveness of alternative capital investment opportunities.
SECOND QUARTER 2022 FINANCIAL RESULTS
GAAP Segment EBITDA and Cash Flow from Operations
For purposes of evaluating performance, the Company makes adjustments to GAAP reported earnings, segment EBITDA and cash flow provided by operating activities for unusual, infrequent or other non-operating factors, which allow Management and investors to more accurately compare the Company's performance across periods, normalizing for factors that are not indicative of underlying business performance. Tables incorporating these adjustments follow below. Schedules reconciling EBITDA, adjusted EBITDA, adjusted EBITDA by segment, adjusted earnings, adjusted earnings per share and DCF to their closest GAAP equivalent are provided in the Appendices to this news release.
Adjusted EBITDA By Segment
Adjusted EBITDA generated from U.S. dollar denominated businesses was translated to Canadian dollars at a higher average exchange rate (C$1.28/US$) in the second quarter of 2022 when compared with the second quarter in 2021 (C$1.23/US$). A portion of U.S. dollar earnings is hedged under the Company's enterprise-wide financial risk management program. The offsetting hedge settlements are reported within Eliminations and Other.
Liquids Pipelines
Liquids Pipelines adjusted EBITDA increased $251 million compared with the second quarter of 2021, primarily related to:
- higher Mainline System throughput enabled by incremental Line 3 capacity placed into service October 1, 2021, higher tolls due to the implementation of the full Line 3 Replacement surcharge of US$0.935 per barrel compared with the surcharge on the Canadian portion of the project of US$0.20 per barrel in effect prior to October 2021, partially offset by the recognition of a provision against the interim Mainline IJT for barrels shipped in 2022;
- higher contributions from the Gulf Coast and Mid-Continent System due primarily to the acquisition of the Enbridge Ingleside Energy Center and higher contributions from the Flanagan South Pipeline; partially offset by lower contributions from the Seaway Crude Pipeline System, the Spearhead Pipeline and Cushing storage assets as a result of lower demand; receipts of cash not recognized in revenue related to unshipped contracted volumes at the Enbridge Ingleside Energy Center that have a contractual right to ship at a later date are recognized in DCF; and
- the positive effect of translating U.S. dollar denominated EBITDA at a higher Canadian to U.S. dollar average exchange rate, which is partially offset in the Eliminations and Other segment as part of the Company's enterprise-wide financial risk management program.
Gas Transmission And Midstream
Gas Transmission and Midstream adjusted EBITDA increased $149 million compared with the second quarter of 2021, primarily related to:
- higher U.S. Gas Transmission contributions from the Cameron Extension, Middlesex Extension and the Appalachia to Market projects placed into service in the fourth quarter of 2021;
- higher Canadian Gas Transmission contributions from the T-South Expansion and Spruce Ridge projects placed fully into service in the fourth quarter of 2021 and higher contributions from Enbridge's investment in the Alliance Pipeline due to higher AECO-Chicago basis differential, which were partially offset by increased operating costs incurred in the second quarter of 2022;
- higher U.S. midstream contributions resulting from higher commodity prices at Enbridge's DCP and Aux Sable joint ventures; and
- the positive effect of translating U.S. dollar denominated EBITDA at a higher Canadian to U.S. dollar average exchange rate, which is partially offset in the Eliminations and Other segment as part of the Company's enterprise-wide financial risk management program.
Gas Distribution And Storage
Gas Distribution and Storage adjusted EBITDA will typically follow a seasonal profile. It is generally highest in the first and fourth quarters of the year reflecting greater volumetric demand during the heating season. The magnitude of the seasonal EBITDA fluctuations will vary from year-to-year reflecting the impact of colder or warmer than normal weather on distribution volumes.
Gas Distribution & Storage adjusted EBITDA decreased $39 million compared with the second quarter of 2021 primarily related to:
- the absence of earnings from Enbridge's minority interest in Noverco Inc. which was sold on December 30, 2021; and
- the timing of operating costs incurred in the second quarter of 2022 when compared with the second quarter of 2021; partially offset by
- higher distribution charges at EGI resulting from increases in rates and customer base.
When compared with the normal weather forecast embedded in rates, the weather in the second quarter of 2022 and 2021 had no impact on EBITDA.
Renewable Power Generation
Renewable Power Generation adjusted EBITDA increased $14 million compared with the second quarter of 2021 primarily related to:
- stronger wind resources at Canadian and U.S. wind facilities; and
- higher energy pricing at the Rampion offshore wind facilities.
Energy Services
Energy Services adjusted EBITDA decreased $13 million compared with the second quarter of 2021. The decrease is the result of a more pronounced market structure backwardation than in the same period of 2021 limiting storage opportunities and significant compression of location and quality differentials in certain markets.
Eliminations and Other
Operating and administrative recoveries captured in this segment reflect the cost of centrally delivered services (including depreciation of corporate assets) inclusive of amounts recovered from business units for the provision of those services. U.S. dollar denominated earnings within operating segment results are translated at average foreign exchange rates during the quarter, and the offsetting impact of settlements made under the Company's enterprise foreign exchange hedging program are captured in this corporate segment.
Eliminations and Other adjusted EBITDA increased $51 million compared with the second quarter of 2021 due to:
- the timing of recovery of operating and administrative costs from the business segments; and
- higher realized foreign exchange gains on hedge settlements.
Distributable Cash Flow
Second quarter 2022 DCF increased $244 million compared with the same period of 2021 primarily due to operational factors discussed above contributing to higher Adjusted EBITDA, as well as:
- higher receipts of cash not recognized in revenue related to unshipped contracted volumes at the Enbridge Ingleside Energy Center that have a contractual right to ship at a later date; offset by
- higher interest expense due to lower capitalized interest associated with the U.S. portion of the Line 3 Replacement Project placed into service in the fourth quarter of 2021 as well as higher debt balances associated with advancing the Company's secured growth program in 2021 and higher interest rates impacting floating-rate debt; and
- higher current income tax due to higher taxable earnings and an increase in U.S. minimum taxes.
Adjusted Earnings
Adjusted earnings decreased $7 million and adjusted earnings per share was consistent when compared with the second quarter in 2021 primarily due to operational factors discussed above contributing to higher Adjusted EBITDA, offset by:
- higher depreciation expense on new assets placed into service throughout 2021, including the U.S. portion of the Line 3 Replacement Project, which was placed into service in the fourth quarter and the Enbridge Ingleside Energy Center acquired in October, 2021;
- higher interest expense due to lower capitalized interest associated with the U.S. portion of the Line 3 Replacement Project placed into service in the fourth quarter of 2021 as well as higher debt balances associated with advancing the Company's secured growth program in 2021 and higher interest rates impacting floating-rate debt; and
- higher income taxes due to higher taxable earnings and an increase in U.S. minimum taxes.
CONFERENCE CALL
Enbridge will host a conference call and webcast on July 29, 2022 at 9:00 a.m. Eastern Time (7:00 a.m. Mountain Time) to provide an enterprise wide business update and review 2022 second quarter results. Analysts, members of the media and other interested parties can access the call toll free at (888) 396-8049 using the participant passcode of 07842067. The call will be audio webcast live at https://event.on24.com/wcc/r/3824792/88DB5677122E3804BF607036212 1F8BE. It is recommended that participants dial in or join the audio webcast fifteen minutes prior to the scheduled start time. A webcast replay will be available soon after the conclusion of the event and a transcript will be posted to the website. The replay will be available for seven days after the call toll-free (877) 674-7070 (conference ID: 842067).
The conference call format will include prepared remarks from the executive team followed by a question and answer session for the analyst and investor community only. Enbridge's media and investor relations teams will be available after the call for any additional questions.
DIVIDEND DECLARATION
On July 26, 2022, the Company's Board of Directors declared the following quarterly dividends. All dividends are payable on September 1, 2022 to shareholders of record on August 15, 2022.
FORWARD-LOOKING INFORMATION
Forward-looking information, or forward-looking statements, have been included in this news release to provide information about Enbridge and its subsidiaries and affiliates, including management's assessment of Enbridge and its subsidiaries' future plans and operations. This information may not be appropriate for other purposes. Forward looking statements are typically identified by words such as ''anticipate'', ''expect'', ''project'', 'estimate'', ''forecast'', ''plan'', ''intend'', ''target'', ''believe'', "likely" and similar words suggesting future outcomes or statements regarding an outlook. Forward-looking information or statements included or incorporated by reference in this document include, but are not limited to, statements with respect to the following: Enbridge's strategic plan, priorities and outlook; 2022 financial guidance, including projected DCF per share and adjusted EBITDA and expected growth thereof; expected dividends, dividend growth and dividend policy; expected supply of, demand for, exports of and prices of crude oil, natural gas, natural gas liquids (NGL), liquified natural gas (LNG) and renewable energy; energy transition and low carbon energy and our approach thereto; environmental, social and governance (ESG) goals, targets and plans, including greenhouse gas (GHG) emissions intensity and reduction targets, ESG engagement and disclosure and diversity and inclusion goals; anticipated utilization of our assets, expected EBITDA and expected adjusted EBITDA; expected earnings/(loss) and adjusted earnings/(loss); expected DCF and DCF per share; expected future cash flows; expected debt-to EBITDA range; expected shareholder returns and asset returns; expected performance of the Company's businesses, including customer growth and organic growth opportunities; financial strength, capacity and flexibility; financing costs; expectations on leverage, sources of liquidity and sufficiency of financial resources; expected in-service dates and costs related to announced projects and projects under construction and system expansion, optimization and modernization; capital allocation framework and priorities; impact of weather and seasonality; share repurchases under normal course issuer bid; investment capacity; expected future growth and expansion opportunities, including secured growth program, development opportunities and low carbon and new energies opportunities and strategy, including with respect to the Woodfibre LNG investment, T-North and T-South expansions, and Venice extension project, expected acquisitions, dispositions and other transactions, and the timing and benefits thereof; expected future actions and decisions of regulators and courts and the timing and impact thereof; and toll and rate case discussions and filings, including with respect to the Mainline and Texas Eastern, and anticipated timing and impact therefrom.
Although Enbridge believes these forward-looking statements are reasonable based on the information available on the date such statements are made and processes used to prepare the information, such statements are not guarantees of future performance and readers are cautioned against placing undue reliance on forward-looking statements. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements. Material assumptions include assumptions about the following: energy transition, including the drivers and pace thereof; the COVID-19 pandemic and the duration and impact thereof; global economic growth and trade; the expected supply of and demand for crude oil, natural gas, NGL, LNG and renewable energy; prices of crude oil, natural gas, NGL, LNG and renewable energy; anticipated utilization of our assets; anticipated cost savings; exchange rates; inflation; interest rates; availability and price of labour and construction materials; the stability of our supply chain; operational reliability and performance; customer, regulatory and stakeholder support and approvals; anticipated construction and in-service dates; weather; announced and potential acquisition, disposition and other corporate transactions and projects and the timing and impact thereof; governmental legislation; litigation; credit ratings; hedging program; expected EBITDA and expected adjusted EBITDA; expected earnings/(loss) and adjusted earnings/(loss); expected earnings/(loss) or adjusted earnings/(loss) per share; expected future cash flows and expected future DCF and DCF per share; estimated future dividends; financial strength and flexibility; debt and equity market conditions; and general economic and competitive conditions. Assumptions regarding the expected supply of and demand for crude oil, natural gas, NGL, LNG and renewable energy and the prices of these commodities are material to and underlie all forward-looking statements, as they may impact current and future levels of demand for the Company's services. Similarly, exchange rates, inflation, interest rates and the COVID-19 pandemic impact the economies and business environments in which the Company operates and may impact levels of demand for the Company's services and cost of inputs and are, therefore, inherent in all forward-looking statements. Due to the interdependencies and correlation of these macroeconomic factors, the impact of any one assumption on a forward-looking statement cannot be determined with certainty, particularly with respect to expected EBITDA, expected adjusted EBITDA, expected earnings/(loss), expected adjusted earnings/(loss), expected DCF and associated per share amounts and estimated future dividends. The most relevant assumptions associated with forward-looking statements regarding announced projects and projects under construction, including estimated completion dates and expected capital expenditures, include the following: the availability and price of labour and construction materials; the effects of inflation and foreign exchange rates on labour and material costs; the effects of interest rates on borrowing costs; the impact of weather; the timing and closing of acquisitions, dispositions and other transactions and the realization of anticipated benefits therefrom; customer, government and regulatory approvals on construction and in-service schedules and cost recovery regimes; and the COVID-19 pandemic and the duration and impact thereof.
Enbridge's forward-looking statements are subject to risks and uncertainties pertaining to the realization of anticipated benefits and synergies of projects and transactions, successful execution of our strategic priorities, operating performance, the Company's dividend policy, regulatory parameters, changes in regulations applicable to the Company's business, litigation, acquisitions and dispositions and other transactions, project approval and support, renewals of rights-of-way, weather, economic and competitive conditions, public opinion, changes in tax laws and tax rates, changes in trade agreements, political decisions, exchange rates, interest rates, commodity prices, supply of and demand for commodities and the COVID-19 pandemic, including but not limited to those risks and uncertainties discussed in this and in the Company's other filings with Canadian and U.S. securities regulators. The impact of any one risk, uncertainty or factor on a particular forward-looking statement is not determinable with certainty, as these are interdependent and Enbridge's future course of action depends on management's assessment of all information available at the relevant time. Except to the extent required by applicable law, Enbridge assumes no obligation to publicly update or revise any forward-looking statements made in this news release or otherwise, whether as a result of new information, future events or otherwise. All forward-looking statements, whether written or oral, attributable to Enbridge or persons acting on the Company's behalf, are expressly qualified in their entirety by these cautionary statements.
ABOUT ENBRIDGE INC.
At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil or renewable power networks and our growing European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on two decades of experience in renewable energy to advance new technologies including wind and solar power, hydrogen, renewable natural gas and carbon capture and storage. We're committed to reducing the carbon footprint of the energy we deliver, and to achieving net zero greenhouse gas emissions by 2050. Headquartered in Calgary, Alberta, Enbridge's common shares trade under the symbol ENB on the Toronto (TSX) and New York (NYSE) stock exchanges. To learn more, visit us at enbridge.com
None of the information contained in, or connected to, Enbridge's website is incorporated in or otherwise forms part of this news release.
NON-GAAP RECONCILIATIONS APPENDICES
This news release contains references to EBITDA, adjusted EBITDA, adjusted earnings, adjusted earnings per common share and DCF. Management believes the presentation of these metrics gives useful information to investors and shareholders, as they provide increased transparency and insight into the performance of the Company.
EBITDA represents earnings before interest, tax, depreciation and amortization.
Adjusted EBITDA represents EBITDA adjusted for unusual, infrequent or other non-operating factors on both a consolidated and segmented basis. Management uses EBITDA and adjusted EBITDA to set targets and to assess the performance of the Company and its business units.
Adjusted earnings represent earnings attributable to common shareholders adjusted for unusual, infrequent or other non-operating factors included in adjusted EBITDA, as well as adjustments for unusual, infrequent or other non-operating factors in respect of depreciation and amortization expense, interest expense, income taxes and noncontrolling interests on a consolidated basis. Management uses adjusted earnings as another measure of the Company's ability to generate earnings.
DCF is defined as cash flow provided by operating activities before the impact of changes in operating assets and liabilities (including changes in environmental liabilities) less distributions to noncontrolling interests, preference share dividends and maintenance capital expenditures and further adjusted for unusual, infrequent or other non-operating factors. Management also uses DCF to assess the performance of the Company and to set its dividend payout target.
This news release also contains references to Debt to EBITDA, a non-GAAP ratio which utilizes adjusted EBITDA as one of its components. Debt to EBITDA is used as a liquidity measure to indicate the amount of adjusted earnings to pay debt, as calculated on the basis of generally accepted accounting principles in the United States of America (U.S. GAAP), before covering interest, tax, depreciation and amortization.
Reconciliations of forward-looking non-GAAP financial measures and non-GAAP ratios to comparable GAAP measures are not available due to the challenges and impracticability of estimating certain items, particularly certain contingent liabilities and non-cash unrealized derivative fair value losses and gains subject to market variability. Because of those challenges, a reconciliation of forward-looking non-GAAP financial measures and non-GAAP ratios is not available without unreasonable effort.
Our non-GAAP financial measures and non-GAAP ratios described above are not measures that have standardized meaning prescribed by U.S. GAAP and are not U.S. GAAP measures. Therefore, these measures may not be comparable with similar measures presented by other issuers.
The tables below provide a reconciliation of the non-GAAP measures to comparable GAAP measures.
APPENDIX A
NON-GAAP RECONCILIATIONS – ADJUSTED EBITDA AND ADJUSTED EARNINGS
CONSOLIDATED EARNINGS
ADJUSTED EBITDA TO ADJUSTED EARNINGS
EBITDA TO ADJUSTED EARNINGS
APPENDIX B
NON-GAAP RECONCILIATION – ADJUSTED EBITDA TO SEGMENTED EBITDA
LIQUIDS PIPELINES
GAS TRANSMISSION AND MIDSTREAM
GAS DISTRIBUTION AND STORAGE
RENEWABLE POWER GENERATION
ENERGY SERVICES
ELIMINATIONS AND OTHER
APPENDIX C
NON-GAAP RECONCILIATION – CASH PROVIDED BY OPERATING ACTIVITIES TO DCF
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SOURCE Enbridge Inc. | https://www.kxii.com/prnewswire/2022/07/29/enbridge-reports-second-quarter-2022-financial-results-announces-36-billion-newly-secured-projects-this-quarter/ | 2022-07-29T11:49:29Z |
RALEIGH, N.C., July 21, 2022 /PRNewswire/ -- Bandwidth Inc. (NASDAQ: BAND), a leading global enterprise cloud communications company, today announced it will report its financial results for the second quarter ended June 30, 2022 after market close on Wednesday, August 3, 2022.
Bandwidth will offer a live webcast of the conference call on the Investor Relations section of the company's website at https://investors.bandwidth.com, where a replay will also be available shortly following the conference call.
Conference call details:
Date: Wednesday, August 3, 2022
Time: 5:00 p.m. Eastern Time
Dial-in number (domestic): 800-926-9174
Dial-in number (international): 212-231-2920
Replay information:
An audio replay of the call will be available beginning at approximately 8:00 p.m. Eastern Time on Wednesday, August 3, 2022, until 11:59 p.m. Eastern Time on Wednesday, August 10, 2022, by dialing (844) 512-2921 for the U.S. or Canada, or (412) 317-6671 for international callers, and entering passcode 22019850.
About Bandwidth Inc.
Bandwidth (NASDAQ: BAND) is a global communications software company that helps enterprises connect people around the world with cloud-ready voice, messaging, and emergency services. Backed by a global network reaching 60+ countries covering 90 percent of global GDP, companies like Cisco, Google, Microsoft, RingCentral, Uber and Zoom use Bandwidth's APIs to easily embed communications into software and applications. Bandwidth has more than 20 years in the technology space and was the first Communications Platform-as-a-Service (CPaaS) provider offering a robust selection of APIs built around our own global network. Our award-winning support teams help businesses around the world solve complex communications challenges every day. More information is available at www.bandwidth.com.
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SOURCE Bandwidth Inc. | https://www.wibw.com/prnewswire/2022/07/21/bandwidth-report-second-quarter-2022-financial-results-august-3-2022/ | 2022-07-21T22:01:48Z |
GUELPH, ON and LONDON, July 25, 2022 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ), announces today that it has completed the sale of two fully-permitted solar and battery energy storage projects in the UK to specialist alternative asset manager, Gresham House.
The two projects comprise a collocated solar and battery energy storage project in Durham, with 50 MWp solar capacity and 38 MW (or 76 MWh) of battery energy storage, and a standalone solar project in Warwickshire of 28 MWp.
Both parties aim to continue to prioritise collocated renewable projects, where the solar PV and battery energy storage plants are built together and share the same grid connection infrastructure. These projects provide both economic advantages, particularly in the form of shared capital and operating costs, as well as significant benefits to the UK grid by improving system reliability, enabling greater integration of renewables and thereby helping the UK economy meet its net-zero carbon targets.
The project in Durham is Canadian Solar's first collocated solar PV and battery energy storage project in the UK and it represents the second collocated solar and battery energy storage project acquired by Gresham House.
The projects are entirely subsidy-free, consistent with Canadian Solar's long pipeline of UK opportunities under development.
Both projects are fully permitted and construction-ready. Canadian Solar will continue to be involved in the projects, being responsible for the long-term operations and maintenance activities.
Gresham House New Energy invests in clean energy projects harnessing battery energy storage, solar and wind technologies. The team has a proven track record in acquiring and managing projects throughout their development, construction and operational phases, with a total capacity of 0.7 GW currently operating in the UK.
Canadian Solar is active in the UK renewables market with a 1.8 GWp PV solar and 4.3 GWh battery energy storage pipeline under development. Canadian Solar also has significant track record in this market, having developed and interconnected to the grid a total capacity of 200 MWp. This transaction is consistent with Canadian Solar's growth strategy in the UK and broader Europe, Middle East and Africa (EMEA) region which combines an increasing retention of strategic long-term ownership with the execution of strategic sales of selected portfolios in partnership with top tier investors.
Dr. Shawn Qu, Canadian Solar's Chairman and CEO, commented: "The execution of this transaction demonstrates again our expertise in battery energy storage development and proves the recognised value of our fast-growing pipeline in the UK, one of Canadian Solar's core markets in EMEA. This sale represents our very first collocated solar and battery energy storage project successfully delivered in the UK. Our decision to sell the two projects before construction is primarily aimed at obtaining immediate market recognition and it does not preclude Canadian Solar from building, alone or in partnerships, the next projects developed in the UK or in EMEA. We are pleased to partner with Gresham House, whose undisputed position as the UK's leading investor in battery energy storage certifies the strong appreciation of our project development and O&M capabilities, strengthening our position and strategy in the UK."
Peter Bolton, Investment Director, Renewable Energy at Gresham House, said: "We are excited by the opportunity to expand our portfolio of subsidy-free renewables and to secure further collocated solar and battery energy storage assets. Gresham House is a long-established investor in both renewables and battery energy storage, and we believe in the strong economic case for collocating the technologies on the same site. This reflects a UK-wide requirement for more renewables capacity and for battery energy storage to support the grid system as further intermittent renewable generation is added.
"It is great to formalise our relationship with Canadian Solar. Their strong reputation across the solar and battery energy storage supply chain, combined with development-stage track record, means we hope to complete further transactions together in the future."
About Gresham House
Gresham House plc is a specialist alternative investment manager with assets under management of c.£7.2 billion (as at 30 June December 2022 - unaudited figures, 13 July 2022 Trading Statement).
Gresham House New Energy is the clean energy division of Gresham House, focused on battery energy storage, solar and wind technologies. The New Energy Team has a proven track record in acquiring and managing projects throughout their development, construction and operational phases, with a total capacity of 0.7GW currently operating in the UK.
Gresham House Asset Management is the FCA-authorised operating business of Gresham House plc, a London Stock Exchange quoted specialist alternative asset manager. Gresham House is committed to operating responsibly and sustainably, taking the long view in delivering sustainable investment solutions. For more information visit www.greshamhouse.com
About Canadian Solar Inc.
Canadian Solar was founded in 2001 in Canada and is one of the world's largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Over the past 20 years, Canadian Solar has successfully delivered around 71 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built and connected over 6.6 GWp in over 20 countries across the world. Currently, the Company has around 800 MWp of solar projects in operation, 5.3 GWp of projects under construction or in backlog (late-stage), and an additional 18.5 GWp of projects in pipeline (mid- to early-stage). Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.
Safe Harbor/Forward-Looking Statements
Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business, regulatory and economic conditions and the state of the solar and battery storage market and industry; geopolitical tensions and conflicts, including impasses, sanctions and export controls; volatility, uncertainty, delays and disruptions related to the COVID-19 pandemic; supply chain disruptions; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets, such as Japan, the U.S., China, Brazil and India; changes in effective tax rates; changes in customer order patterns; changes in product mix; changes in corporate responsibility, especially environmental, social and governance ("ESG") requirements; capacity utilization; level of competition; pricing pressure and declines in or failure to timely adjust average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; continued success in technological innovations and delivery of products with the features that customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange and inflation rate fluctuations; uncertainties related to the CSI Solar carve-out listing; litigation and other risks as described in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 28, 2022. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.
Canadian Solar Inc. Investor Relations Contacts
Isabel Zhang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com
David Pasquale
Global IR Partners
Tel: +1-914-337-8801
csiq@globalirpartners.com
Gresham House Contact
KL Communications
Charles Gorman / Henry Taylor
gh@kl-communications.com
020 3995 6699
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SOURCE Canadian Solar Inc. | https://www.mysuncoast.com/prnewswire/2022/07/25/canadian-solar-gresham-house-announce-transaction-renewables-battery-energy-storage-portfolio-uk/ | 2022-07-25T12:37:38Z |
VANCOUVER, BC, May 26, 2022 /PRNewswire/ - The Very Good Food Company Inc. (NASDAQ: VGFC) (TSXV: VERY.V) (FSE: OSI) ("VERY GOOD" or the "Company"), was notified on May 20, 2022, by The NASDAQ Stock Market LLC ("NASDAQ") that since the Company had not yet filed its Annual Report on Form 20-F (the "Form 20-F") for the year ended December 31, 2021 (the "Filing"), it was no longer in compliance with NASDAQ's Listing Rules (the "Rules") for continued listing.
As disclosed in the Company's Form 12b-25 with the U.S. Securities and Exchange Commission ("SEC") filed on May 3, 2022, as amended on May 17, 2022,the Company had several key personnel changes as well as key employee transitions in the accounting department that caused delays during the Company's certification and filing procedures resulting in the Company being unable to timely file the Form 20-F. Accordingly, NASDAQ notified the Company that it was not in compliance with NASDAQ Listing Rule 5250(c)(1) which requires the Company to timely file all required periodic financial reports with the SEC.
As of the date of this press release, the Company has filed the Form 20-F and as a result, we believe the Company has regained compliance with NASDAQ Listing Rule 5250(c)(1).
About The Very Good Food Company Inc.
The Very Good Food Company Inc. is an emerging plant-based food technology company that produces nutritious and delicious plant-based meat and cheese products under VERY GOOD's core brands: The Very Good Butchers and The Very Good Cheese Co. www.verygoodfood.com.
OUR MISSION IS LOFTY BUT BEAUTIFULLY SIMPLE: GET MILLIONS TO RETHINK THEIR FOOD CHOICES WHILE HELPING THEM DO THE WORLD A WORLD OF GOOD. BY OFFERING PLANT-BASED FOOD OPTIONS SO DELICIOUS AND NUTRITIOUS, WE'RE HELPING THIS KIND OF DIET BECOME THE NORM.
ON BEHALF OF THE VERY GOOD FOOD COMPANY INC
Matthew Hall
Interim Chief Executive Officer
Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable securities laws in Canada and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, including Section 21E of the Securities Exchange Act of 1934, as amended (collectively referred to as "forward-looking information"), for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Forward-looking information may be identified by words such as "plans", "proposed", "expects", "anticipates", "intends", "estimates", "may", "will", and similar expressions. Forward-looking information contained or referred to in this news release includes, but is not limited to, our compliance with NASDAQ listing rules and timely filing of SEC periodic reports. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information, but which may prove to be incorrect including, but not limited to, material assumptions with respect to the Company's ability to continue as a going concern, which will require us to obtain additional financing on acceptable terms; the Company's ability to manage recent personnel changes; and the Company's ability to successfully execute on its updated business strategy outlined in its most recently filed interim Management's Discussion and Analysis for the three months ended March 31, 2022, which is available at www.sedar.com and www.sec.gov. The Company's ability to execute on its strategy may also depend on the Company's ability to accurately forecast customer demand for its products and manage its inventory levels, continued demand for VERY GOOD's products, continued growth of the popularity of meat alternatives and the plant-based food industry, no material deterioration in general business and economic conditions, the successful placement of VERY GOOD's products in retail stores, the Company's ability to remain listed on the Nasdaq, VERY GOOD's ability to successfully enter new markets and manage its international expansion, VERY GOOD's ability to obtain necessary production equipment and human resources as needed, VERY GOOD's relationship with its suppliers, distributors and third-party logistics providers, and management's ability to position VERY GOOD competitively. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because VERY GOOD can give no assurance that such expectations will prove to be correct. Risks and uncertainties that could cause actual results, performance or achievements of VERY GOOD to differ materially from those expressed or implied in such forward-looking information include, among others, the impact of, uncertainties and risks associated with negative cash flow and future financing requirements to sustain and grow operations, limited history of operations and revenues and no history of earnings or dividends, competition, risks relating to the availability of raw materials, risks relating to regulation on social media, expansion of facilities, risks related to credit facilities, dependence on senior management and key personnel, availability of labor, general business risk and liability, regulation of the food industry, change in laws, regulations and guidelines, compliance with laws, risks related to third party logistics providers, unfavorable publicity or consumer perception, increased costs as a result of being a United States public company, product liability and product recalls, risks related to intellectual property, risks relating to co-manufacturing, risks related to expansion into the United States; risks related to our acquisition strategy, taxation risks, difficulties with forecasts, management of growth and litigation as well as the risks associated with the ongoing COVID-19 pandemic. For a more comprehensive discussion of the risks faced by VERY GOOD, please refer to VERY GOOD's most recent Annual Information Form filed with Canadian securities regulatory authorities at www.sedar.com and as an exhibit to the Form 20-F filed with the SEC on May 26, 2022 and available at www.sec.gov. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available. Any forward-looking information speaks only as of the date of this news release. VERY GOOD undertakes no obligation to publicly update or revise any forward-looking information whether because of new information, future events or otherwise, except as otherwise required by law. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.
None of the Nasdaq Stock Market LLC, TSX Venture Exchange, the SEC or any other securities regulator has either approved or disapproved the contents of this news release. None of the Nasdaq, the TSX Venture Exchange or its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), the SEC or any other securities regulator accepts responsibility for the adequacy or accuracy of this news release.
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SOURCE The Very Good Food Company Inc. | https://www.kxii.com/prnewswire/2022/05/27/very-good-food-company-receives-nasdaq-notification-regarding-late-filing-its-form-20-f-regains-compliance-may-26-2022/ | 2022-05-27T11:18:28Z |
The online travel booking site that specializes in unforgettable beach vacations invites you to apply for a chance to win the giveaway of a lifetime this National Beach Day
NEWTOWN SQUARE, Pa., Aug. 29, 2022 /PRNewswire/ -- In honor of National Beach Day (August 30) BeachBound®, the online booking site specializing in beach vacation packages, is launching the ultimate giveaway - a chance for one lucky winner to win a vacation every year for the next 20 years. Entries can be submitted online starting August 30, 2022 through September 30, 2022.
"What better way to celebrate National Beach Day than with a brand that specializes in serving up dream sun, sand and sea getaways," said Michael Lowery, Senior Vice President and General Manager, Consumer Businesses, ALG Vacations. "The urge to travel has never been stronger than it is now, so naturally BeachBound leapt at the chance to reward beach lovers with the ultimate National Beach Day offer supplying one lucky winner with an amazing opportunity to getaway every year for the next 20 years."
BeachBound hits on a variety of experiences in destinations across the world with an emphasis on vacation values such as adventure, passion, discovery, togetherness, immersion, and rejuvenation. The chance to win a trip for every year over the next twenty years presents a unique opportunity for the winner who will be able to choose from over 70 different beach destinations sold via BeachBound. At BeachBound the belief is that the best souvenirs aren't declared at customs - they're something that will be cherished for years to come.
"We are excited to launch this sweepstake to celebrate National Beach Day, we want to continue to encourage travel and hope to provide one lucky individual with trips that they will remember forever," shared Dana Studebaker, Vice President of Marketing, Consumer Brands at ALG Vacations. "At BeachBound we pride ourselves in providing exhilarating new experiences at unique destinations across the globe to encourage travelers to relax and find the perfect vacation for themselves."
BeachBound is the ideal site for consumers looking for a uniquely curated vacation experience through all-inclusive packages. The lucky winner will be able to choose trips of their choice to over 70 beautiful beach destinations including South America, the Caribbean, French Polynesia and many more. You can find the full terms and conditions along with the entry site here.
Online travel agency, BeachBound, connects travelers with worldwide beach vacations and experiences, including resorts, flights, excursions, and transfers. Part of the leading North American tour operator, ALG Vacations, BeachBound offers both all-inclusive and curated beach experiences spanning an extensive list of over 70 destinations worldwide. BeachBound provides a one-stop travel shop for customers looking for unforgettable beach experiences. To learn more about BeachBound visit the website at beachbound.com or follow the brand on social media on Facebook (@beachboundvacations), Instagram (@BeachBound) and Twitter (@BeachBound).
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SOURCE BeachBound | https://www.kxii.com/prnewswire/2022/08/29/beachbound-is-giving-one-lucky-winner-vacation-every-year-20-years/ | 2022-08-29T14:27:13Z |
RALEIGH, N.C., Aug. 22, 2022 /PRNewswire/ -- The American Kennel Club (AKC), AKC Canine Health Foundation (AKCCHF), and Theriogenology Foundation (TF) are pleased to announce that North Carolina State University College of Veterinary Medicine and Virginia-Maryland College of Veterinary Medicine have been selected through a competitive grant application process to receive residency program funding in 2023 through the AKC/AKCCHF/TF Small Animal Theriogenology Residency Program.
Since collaborative support began in 2016, this program has successfully trained 13 veterinary specialists in theriogenology and clinical genetics. Theriogenology is the branch of veterinary medicine concerned with reproduction - including the physiology and pathology of male and female reproductive systems, and the clinical practice of veterinary obstetrics, gynecology, and andrology. Providing support for these veterinary specialists ensures that trained professionals will be available to address the health needs of current and future generations of dogs.
This is the third AKC/AKCCHF/TF Small Animal Theriogenology Residency funded at North Carolina State University College of Veterinary Medicine. The diverse caseload and opportunities to interact with numerous veterinary specialists and researchers, including CHF-funded investigator and renowned geneticist Dr. Matthew Breen, ensure robust training for theriogenology residents at NC State.
This is also the third AKC/AKCCHF/TF Small Animal Theriogenology Residency funded at Virginia-Maryland College of Veterinary Medicine. This 3-year residency provides exposure to other private practice and university programs, a clinical genetics course, and interaction with an engaged local community of dog breeders.
"NC State University and Virginia-Maryland College of Veterinary Medicine have proven theriogenology training programs," says Dr. Darin Collins, CHF Chief Executive Officer. "We are proud to continue our partnership with these universities to develop veterinary specialists who can support the needs of dog owners and breeders."
"AKC is pleased to continue to support the Theriogenology Residency Program," says Mari-Beth O'Neill, Vice President of Sport Services for the AKC. "The collaborative efforts between the AKC, AKC CHF, and the Theriogenology Foundation will benefit dog breeders and the future of purpose bred, purebred dogs."
"The Theriogenology Foundation is immensely grateful to the AKC and AKC Canine Health Foundation for their continued support by funding Theriogenology Residencies with an emphasis on genetics," says Sara K. Lyle, DVM, PhD, Diplomate, American College of Theriogenologists and Theriogenology Foundation President. "The American College of Theriogenologists has previously identified genetics and genomics research and clinical programs as a frontier of involvement, so this tangible evidence of support from the AKC and AKC Canine Health Foundation is crucial to this burgeoning area of specialist training in Theriogenology."
The AKC/AKCCHF/TF Small Animal Theriogenology Residency Program is one of two educational grant programs offered by AKCCHF to encourage the next generation of veterinary scientists. To learn more about the program and its alumni, visit www.akcchf.org/therio.
About CHF
Since 1995, the AKC Canine Health Foundation has leveraged the power of science to address the health needs of all dogs. With more than $66 million in funding to date, the Foundation provides grants for the highest quality canine health research and shares information on the discoveries that help prevent, treat and cure canine diseases. The Foundation meets and exceeds industry standards for fiscal responsibility, as demonstrated by their highest four-star Charity Navigator rating and Candid Platinum Seal of Transparency. Learn more at www.akcchf.org.
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SOURCE AKC Canine Health Foundation | https://www.mysuncoast.com/prnewswire/2022/08/22/universities-selected-2023-theriogenology-residency-programs/ | 2022-08-22T15:52:26Z |
NEW ORLEANS, Sept. 14, 2022 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed merger of Exterran Corporation (NYSE: EXTN) with Enerflex Ltd. Under the terms of the proposed transaction, shareholders of Exterran will receive only 1.021 shares of Enerflex for each share of Exterran that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-extn/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
1100 Poydras St., Suite 3200
New Orleans, LA 70163
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SOURCE Kahn Swick & Foti, LLC | https://www.wibw.com/prnewswire/2022/09/15/exterran-investor-alert-by-former-attorney-general-louisiana-kahn-swick-amp-foti-llc-investigates-merger-exterran-corporation-extn/ | 2022-09-15T01:34:59Z |
CEDARHURST, N.Y., July 27, 2022 /PRNewswire/ -- The securities litigation law firm of Kuznicki Law PLLC issues this alert to shareholders of Teladoc Health, Inc. (NYSE: TDOC), if they purchased the Company's securities between October 28, 2021 and April 27, 2022, inclusive (the "Class Period"). Shareholders have until August 5, 2022 to file lead plaintiff applications in the securities class action lawsuit.
Shareholders are encouraged to contact us at https://kclasslaw.com/cases/securities/nyse-tdoc/, by calling toll-free at 1-833-835-1495 or by email (dk@kclasslaw.com).
Kuznicki Law PLLC is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Kuznicki Law PLLC
Daniel Kuznicki, Esq.
445 Central Avenue, Suite 344
Cedarhurst, NY 11516
Email: dk@kclasslaw.com
Phone: (347) 696-1134
Cell: (347) 690-0692
Fax: (347) 348-0967
https://kclasslaw.com
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SOURCE Kuznicki Law PLLC | https://www.kxii.com/prnewswire/2022/07/28/filing-deadline-kuznicki-law-pllc-announces-class-action-behalf-shareholders-teladoc-health-inc-tdoc/ | 2022-07-28T03:48:47Z |
Patent Hydraloop system praised for role in solving global water crisis
GENEVA and LEEUWARDEN, The Netherlands, July 19, 2022 /PRNewswire/ -- World Intellectual Property Organization (WIPO), the agency of the United Nations, has chosen Hydraloop as winner of the WIPO Global Awards Program. Hydraloop was elected because it has developed unique, patented technology that can substantially reduce water consumption worldwide, realizing a huge social impact. Due to human behavior and the effects of climate change, almost every region in the world now suffers from water stress.
WIPO's Global Awards program praises Hydraloop as an exceptional company that uses its intellectual property (IP) in an innovative and smart way to help solve the water crisis and improve the quality of life worldwide.
Arthur Valkieser, CEO of Hydraloop, says: "This UN award is a great recognition of the value of our intellectual property and the impact Hydraloop has in the fight against the rapidly growing global shortage of clean water. Our no filters/membranes/chemical technology and proprietary IP are unique and change the market. With Hydraloop, anyone - anywhere in the world - can take action and save water."
GLOBAL AWARDS PROGRAM - The Global Awards program is rooted in WIPO's mission to ensure a world where innovation and creativity are supported by intellectual property. WIPO's program recognizes the central role of innovative and creative activities of SMEs that leverage intellectual property rights to develop solutions that make a positive contribution, economically, socially and culturally. The prize is awarded based on successful commercialization of IP and its positive impact on society.
https://www.wipo.int/global-awards/en/index.html
HYDRALOOP - Hydraloop is a multi-award-winning company that designs and manufactures decentralized, consumer-friendly, IoT-connected, compact and scalable graywater recycling products for residential and commercial properties, reducing water consumption by up to 45 percent. Hydraloop has a global partner network of more than 120 partners in more than 50 countries. Headquartered in the Netherlands, Hydraloop has offices in the United States and the Middle East, as well as representatives in Canada and Australia.
https://www.hydraloop.com
WIPO - WIPO is the global forum for intellectual property (IP) services, policy, information and cooperation. It is an agency of the United Nations and has 193 member states. Their mission is to lead the development of a balanced and effective international intellectual property system that enables innovation and creativity for the benefit of all. WIPO was founded in 1967. https://www.wipo.int/about-wipo/en/ and https://www.wipo.int/portal/en/
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SOURCE Hydraloop | https://www.kxii.com/prnewswire/2022/07/19/water-recycling-system-hydraloop-wins-prestigious-un-award/ | 2022-07-19T15:19:33Z |
Winseck now leads Adparo®, the services division within Annexus Health
SEWICKLEY, Pa., Aug. 11, 2022 /PRNewswire/ -- Annexus Health, Inc., the leading healthcare technology company that is revolutionizing the patient access journey through its innovative solutions, today announced the recent addition of Barry Winseck as Chief of Service Delivery for Adparo®, the company's services division.
In his career of 35 years, including 20 years within the healthcare space, Winseck has contributed to the success of organizations ranging from start-ups to Fortune 500 companies. In his new role with Annexus Health, he is responsible for engaging customers, identifying growth strategies, overseeing and managing budget, and developing robust operational plans to optimize the performance of the Adparo® business unit.
"We're thrilled to have Barry on board," said Brad Frazier, Co-Founder and President of Annexus Health. "His results-driven approach, enthusiasm, and genuine compassion for patients and their families are already making an impact here. I'm excited to see where his leadership takes Adparo®."
Launched in 2021 to a robust market response, Adparo® offers customized administrative support to help provider organizations manage the patient access journey. The Adparo® team of experienced financial counselors leverages the Annexus Health platform, AssistPoint®, to enhance the overall patient access workflow, thus helping to secure more financial assistance for more patients while improving the revenue stream and administrative output for the provider organization.
"We launched Adparo® after hearing time and time again from our provider customers that they simply lacked the resources—including human resources—to effectively manage the patient access journey," said Annexus Health Co-Founder and CEO Joe Baffone. "The explosive demand for Adparo® in the past year, as well as the over $2.2 billion in patient financial assistance we have helped to process, has made it clear that we have truly risen to the challenge of what was a tremendous unmet need. As Chief of Service Delivery, Barry will be instrumental in the continued growth and success of Adparo®."
"I am extremely honored and excited to join the Annexus Health team, as I too share Joe and Brad's passion for improving and simplifying healthcare," said Winseck. "Streamlining the process of connecting patients with much-needed assistance serves as a daily reminder of how the work we perform impacts the lives of others. I am greatly humbled by the opportunity to serve in a role responsible for such meaningful results."
Annexus Health is the leading healthcare technology company that is revolutionizing the patient access journey by delivering innovative solutions, including tech-enabled services, that reduce financial and administrative burdens to improve access, speed, and adherence to critical care. Learn more at annexushealth.com.
Media contact:
Tim Koenig
VP of Marketing
tim@annexushealth.com
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SOURCE Annexus Health | https://www.mysuncoast.com/prnewswire/2022/08/11/annexus-health-leadership-team-expands-with-addition-barry-winseck-chief-service-delivery-adparo/ | 2022-08-11T14:21:22Z |
Chance of a few showers for Saturday
An area of low pressure moving through Utah will continue to spin up some rain and snow showers for Friday night. We'll see slightly better weather for Saturday, with a slight chance of rain and winds into the teens and 20's. For Sunday, a weak wave behind this latest storm, may bring some light rain and snow showers to the eastern mountains near the Wyoming border.
OVERNIGHT: A chance of showers, thunderstorms and mountain snow. Cloudy skies and a low into the mid to upper 30's. North northwest wind 10 to 20 MPH, gusts as high as 30 MPH.
SATURDAY: Chance of rain with mostly cloudy skies, a high into the mid 50's. Northwest wind 10 to 15 MPH, with gusts as high as 25 MPH.
SUNDAY: Mostly sunny, with a high into the mid to upper 50's.
MONDAY: Sunny, with a high into the lower to mid 60's. | https://localnews8.com/weather/local-forecast/2022/04/22/chance-of-a-few-showers-for-saturday/ | 2022-04-22T23:28:03Z |
Baker will serve a one-year term directing state and national legislative priorities
DALLAS, June 28, 2022 /PRNewswire/ -- BenefitMall, the leading provider of next-generation broker services, proudly announces that Misty Baker, Director of Compliance and Government Affairs, has been installed as 2022- 2023 Legislative Committee Chair for the National Association of Health Underwriters (NAHU).
NAHU is the leading professional organization for health insurance agents, brokers, general agents, and consultants. The organization serves as a consumer advocate by supporting legislation that ensures the present and future stability of the insurance industry. As Legislative Committee Chair, Baker will direct a team of legislative-minded professionals and help drive state and national legislative priorities for NAHU.
"Legislative relationship building has been a highlight of my work at BenefitMall," said Baker. "As NAHU Legislative Chair, I want to empower and encourage NAHU members to engage with their elected representatives and shape the conversation around employee benefits. In many ways, agents are uniquely positioned to make recommendations on what the industry needs to function at its best."
Baker is a long-time NAHU member and volunteer. She has been a member of the Legislative Committee for 4 years, including serving as Vice Chair. Over the years, she has volunteered her time and expertise to decipher new regulations both from the federal government and state governments, then explain them to members in easy-to-understand language.
In her role as BenefitMall's Director of Compliance and Government Affairs, Baker focuses on helping agents stay current with education, compliance, and overall best practices. She has dedicated herself to developing a series of programs tailored to the specific needs of agents. Through webinars, podcasts, informational collateral, and consulting brokers across the country, she serves as an expert source and knowledgeable guide in a constantly changing regulatory environment.
Headquartered in Dallas, BenefitMall is the largest general agency partnering with a network of 20,000 Brokers to deliver employee benefits to more than 140,000 small and medium-sized businesses. BenefitMall uniquely leverages innovative technology backed by human expertise to provide the fastest, easiest, and most secure benefits selling experience for carriers, brokers, and their clients.
BenefitMall is owned by Management and The Carlyle Group. More information is available at www.benefitmall.com.
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SOURCE BenefitMall | https://www.mysuncoast.com/prnewswire/2022/06/28/misty-baker-benefitmall-director-compliance-government-affairs-installed-national-association-health-underwriters-legislative-committee-chair/ | 2022-06-28T15:11:34Z |
In response to high demand, Fathom Events adds four big screen dates September 14th, 16th, 17th and 18th
DENVER, Aug. 12, 2022 /PRNewswire/ --
WHAT: In response to high demand for tickets, global content leader Lionsgate and Fathom Events, the premier name in event cinema, are adding four additional dates in select theaters to the big screen run of director Kevin Smith's highly anticipated "Clerks III".
Kevin Smith made the official announcement on Twitter this morning.
"I assure you, we're open! Many thanks to Lionsgate and Fathom for expanding our limited run of Clerks III to include a weekend," Smith said. "And even bigger thanks to the fans who already bought tickets to our Fathom screenings! All your pre-sales made this expansion happen!"
For over 25 years, the cult-classic filmmaker has maintained a unique and direct connection to his audience through the View Askew Universe. "Clerks III" makes its highly anticipated return to the big screen as Randal (Jeff Anderson), following a massive heart attack, enlists fellow clerks Dante (Brian O'Halloran), Elias (Trevor Fehrman), Jay (Jason Mewes), and Silent Bob (Kevin Smith) to make a movie immortalizing his life at the convenience store that started it all.
WHEN: Originally set to premiere over two days only – Tuesday, September 13th and Thursday, September 15th. Fathom Events and Lionsgate are adding Wednesday, September 14th, Friday, September 16th, Saturday, September 17th and Sunday, September 18th. All showings begin at 7:00 pm local time and will include an exclusive look behind the scenes with Kevin Smith and the cast of the film.
WHERE: "Clerks III" will be playing in more than 700 theaters nationwide. Tickets can be purchased online at www.FathomEvents.com or at participating theater box offices.
The official trailer for "Clerks III" is also now available HERE.
For artwork/photos related to "Clerks III," visit the Fathom Events press site.
About Fathom Events
Fathom is a recognized leader in the entertainment industry as one of the top distributors of content to movie theaters in North America. Owned by AMC Entertainment Inc. (NYSE: AMC); Cinemark Holdings, Inc. (NYSE: CNK); and Regal, a subsidiary of the Cineworld Group (LSE: CINE.L), Fathom operates the largest cinema distribution network, delivering a wide variety of programming and experiences to cinema audiences in all of the top U.S. markets and to more than 45 countries. For more information, visit www.FathomEvents.com.
About Kevin Smith
Kevin Smith first came to attention as the writer/director of a film called "Clerks". It's been all downhill ever since.
About Lionsgate
Lionsgate (NYSE: LGF.A, LGF.B) encompasses world-class motion picture and television studio operations aligned with the STARZ premium global subscription platform to bring a unique and varied portfolio of entertainment to consumers around the world. The Company's film, television, subscription and location-based entertainment businesses are backed by a 17,000-title library and a valuable collection of iconic film and television franchises. A digital age company driven by its entrepreneurial culture and commitment to innovation, the Lionsgate brand is synonymous with bold, original, relatable entertainment for audiences worldwide.
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SOURCE Fathom Events | https://www.wibw.com/prnewswire/2022/08/12/lionsgate-fathom-events-announce-additional-dates-kevin-smiths-clerks-iii/ | 2022-08-12T17:25:21Z |
Lumen will provide CBP with mission-critical communications support
WASHINGTON, July 26, 2022 /PRNewswire/ -- U.S. Customs and Border Protection (CBP) recently selected Lumen Technologies (NYSE: LUMN) to provide the mission-critical communications, internet connectivity and network services that support the law enforcement agency's systems and facilities across the nation and abroad.
- Lumen will provide CBP with a mix of secure, resilient communications services that enable the agency to carry out its essential mission at ports of entry, airports, borders and other facilities in the U.S. and around the world.
- The company is serving as a trusted provider of modern network services to the hundreds of CBP locations that support thousands of CBP workers across the globe via Lumen's edge compute platform.
- Lumen will support CBP's mission readiness by enhancing the design, engineering, provisioning, management, transition, maintenance and evolution of the agency's communications services.
- The company will also help CBP with IT modernization efforts by working with the agency to adopt a software-defined wide area network (SD-WAN) solution.
"Customs and Border Protection's 24/7 mission to protect the American people, safeguard borders and enhance the nation's economic prosperity means they need a proven network provider that can deliver fast, secure and steadfast connectivity," said Zain Ahmed, senior vice president, Lumen public sector. "CBP put its trust in Lumen to enable next-gen applications and data-driven operations in a world where the reliability and availability of the agency's network and IT infrastructure must be always on."
- The 11-year task order, which has an initial one-year term with 10 one-year options, is worth $137 million.
- It was awarded to Lumen under the General Services Administration's 15-year, $50 billion Enterprise Infrastructure Solutions (EIS) program.
- Lumen is honored to support government agencies with innovative adaptive networking, edge cloud, connected security and collaboration services using the company's platform for advanced application delivery solutions.
- The company provides a platform for IT modernization that delivers the security and reliability agencies need to carry out their important missions.
- Learn more about our recent U.S. Department of Agriculture $1.2 billion network services award: https://news.lumen.com/2022-01-20-U-S-Department-of-Agriculture-awards-Lumen-1-2-billion-network-services-contract
- Learn more about our U.S. Department of the Interior $1.6 billion network services award: https://news.lumen.com/2020-01-16-U-S-Dept-of-the-Interior-Awards-CenturyLink-1-6-Billion-EIS-Network-Services-Win
- Learn more about how Lumen is supporting the public sector here:
https://www.lumen.com/public-sector.html
Lumen is guided by our belief that humanity is at its best when technology advances the way we live and work. With approximately 500,000 route fiber miles and serving customers in more than 60 countries, we deliver the fastest, most secure platform for applications and data to help businesses, government and communities deliver amazing experiences. Learn more about the Lumen network, edge cloud, security, communication and collaboration solutions and our purpose to further human progress through technology at news.lumen.com, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Learn more about Lumen's public sector capabilities on Twitter at @lumengov and on LinkedIn at @lumenpublicsector. Lumen and Lumen Technologies are registered trademarks in the United States.
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SOURCE Lumen Technologies | https://www.kxii.com/prnewswire/2022/07/26/us-customs-border-protection-selects-lumen-network-services-contract/ | 2022-07-26T13:46:26Z |
LOS ANGELES, June 2, 2022 /PRNewswire/ -- Los Angeles-based streetwear company DREAM Clothing is launching its first collaboration with Cloudco Entertainment's beloved and iconic property, Care Bears™. The first planned clothing release is exclusively made for pride month and the collection launched on June 1st. There will also be subsequent limited edition releases during the month of June as well.
The collection is made to provide fans of Care Bears and DREAM Clothing with high-quality statement pieces to bring awareness and provide paid access to therapy for the LGBTQIA+ community. DREAM Clothing has raised over $400,000 for its mental health nonprofit charity partners since launching in 2018. DREAM has also helped pay for over 2600+ hours of therapy and has helped connect supporters of the brand directly with licensed therapists.
In tandem with Cloudco, DREAM Clothing is hoping to raise over $100,000 for the DREAM Pride Fund established for this Care Bears collection and further the support of paid therapy and other Mental Health related initiatives. To learn more about DREAM and its mission, and to also support the Care Bears collaboration, visit https://dreamclothinghq.com/collections/care-bears.
Media Contact:
Sammy Sucu
Founder and CEO
sammy@dreamclothinghq.com
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SOURCE DREAM CLOTHING HQ | https://www.wibw.com/prnewswire/2022/06/02/dream-clothing-collaborates-with-care-bears-pride-month-mental-health-initiative/ | 2022-06-02T22:26:29Z |
NEW TAIPEI CITY, Taiwan, July 6, 2022 /PRNewswire/ -- ClearMind Biomedical's novel neurosurgical endoscope, the Axonpen System, has completed its First in Man (FIM) clinical trial in Taiwan with outstanding results.
The Axonpen System which received US FDA 510(k) clearance in 2020 and from the Taiwan FDA in 2021, is designed to enable neurosurgeons worldwide to perform the least invasive brain surgeries for their patients. With the device requiring only a 6.5mm channel to access the intracranial space, the Axonpen System has broken ground as the least invasive treatment for intracerebral hemorrhage (ICH) in the industry. Once past the skull, the device can illuminate and visualize intracranial tissues and fluids and, typically in cases of ICH and subdural hematomas, carry out controlled aspiration and irrigation where needed.
All 10 trial participants demonstrated speedier recovery times, spending just an average of three days in the intensive care unit. This is more than a 50% reduction in time when compared with the 10 to 14 days needed for recovery from traditional treatment methods. Patients demonstrated a full recovery of motor skills in most cases. Furthermore, post-treatment ICH blood remnants were below 15ml across the cohort. For a better prognosis, a minimum of 70% or more of the hemorrhage should be removed, with no more than 15ml of blood remnants at the injury site. Every additional 1ml of clotted blood removed enhances the chances of a good recovery by 10%.
"We set out to develop a fully integrated neurosurgical endoscope that is not only safe with minimal downtime but also optimal with every function needed by neurologists performing the procedure, which our trial has proven. While achieving this, we remain compliant of international regulations and standards to meet the needs of medical practitioners and ensuring patients' safety during treatment," said Carrey Yang, CEO of ClearMind Biomedical.
Prioritizing patients' wellbeing, ClearMind Biomedical's motto when it comes to treating ICH is "One Doctor, One Hour." The company intended for the Axonpen System to empower doctors at regional hospitals to complete ICH surgeries in one hour, a challenge it has successfully met.
Presently, ClearMind Biomedical's second trial for the Axonpen System is underway in Taiwan and the company is looking to conduct its next trial in the US.
The Axonpen System is the most integrated minimally invasive neurosurgical tool, combining over eight key features including tissue visualization, a debrider and a flexible tip. Thus far, surgeons have provided feedback that the integrated functions lead to simpler operations which is key to reducing surgery time and risks. Similar devices on the market are more costly and often require pairing with other devices such as endoscopes to perform surgeries that the Axonpen System can single-handedly carry out. Involving multiple devices during surgery increases complexity while requiring more personnel in the operating theatre which can be unfeasible in regional hospitals.
With the company's steadfast focus on minimally invasive brain surgeries and successful results from the FIM clinical trial, ClearMind Biomedical has recently concluded a funding round that will help finance upcoming clinical trials for the Axonpen System, research and development for future products, and market expansion.
About the Company
ClearMind Biomedical was established in 2014 with backing from Y Combinator, one of the largest venture capital funds in the US. The founders of ClearMind are members of the Stanford-Taiwan Biomedical Fellowship Program, where they were inspired to start their company. ClearMind Biomedical's vision is to save lives and help patients recover from otherwise debilitating brain injuries.
For more information, visit www.clearmindbiomedicalgroup.com.
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SOURCE ClearMind Biomedical Inc. | https://www.kxii.com/prnewswire/2022/07/06/clearmind-biomedical-clears-fim-clinical-trial-least-invasive-ich-treatment-date/ | 2022-07-06T05:49:33Z |
CUT Cinema showing indie films again in Canton; Ravenwood ready to rock in Jackson, Akron
CUT Cinema showing independent films again
The CUT Cinema in downtown Canton will feature two independent films Friday night.
"Funeral For Furmanski" is a short film that will be shown at 7 p.m. The feature length film "Rebel//Rebel" follows. Tickets cost $8.
To purchase tickets, go to www.thecutcinema.com/movie/rebelrebel--funeral-for-furmanski.
Tickets will be sold at the door unless the films sell out.
The CUT Cinema, 209 Sixth St. NW, is located in the same building as BZTAT Studios. The theater has capacity for up to 30 people.
More:BZTAT Studios opening in downtown Canton with artwork, photography, films
Both films were made in Ohio.
"Rebel//Rebel" tells the story of fallen movie star Jake Hughes, who courts mischief and battles addiction while filming a new film in Cincinnati, Ohio.
"Funeral for Furmanski" is about an estranged Ohio family who comes together after their recently deceased father's funeral. "Bitter resentment and family rivalry boil to the surface on a long summer's night," according to CUT Cinema.
Both movies are directed by Johnny Catalano, who will answer audience questions, along with other member of the production crew.
The Ohio native grew up with a love of film, particularly Westerns.
The director said he "strives to make films that explore raw humanity" while focusing on stories set in the Midwestern United States.
"I strive to portray vividly the region of the world I'm from," he said of the American Midwest. "I want to look at humanity and my characters objectively. Not placing judgment, (but) rather, showing things for how they are. And all the comedy that is found in this reality."
"This film owes much of its style to the great works of American actor/filmmaker John Cassavetes," Catalano said in a director's statement. "Along with the visionary Robert Altman's 1970s films."
Ravenwood performing at Jackson Amphitheater
Ravenwood, a rock band headed by Joe Vitale Jr., will perform at 6:30 p.m. June 8 at the Jackson Amphitheater.
The amphitheater is at 7454 Community Parkway in Jackson Township. Ravenwood's show is scheduled to last until 8:30 p.m. Admission is free.
Vitale said he will be performing songs from Ravenwood's 2021 album "Ravenous," which features the songs, "Don't Let Go" and "We're All in This Together." Ravenwood's music is a hybrid of alternative and industrial rock featuring guitar, bass and drums, as well as electronic sounds.
Vitale is a 1996 graduate of Jackson High School.
The amphitheater opens at 11:30 a.m. with food trucks on site through the evening.
Adult beverages will be available for purchase in the evening and can be paid for by debit or credit card only.
The Paul & Carol David YMCA in Jackson Township will present the "Mad Science" program from 1 to 1:45 p.m.
The show features science experiments, including foggy dry ice storms and demonstrations explaining how giant beach balls can float in the air.
More:Joe Vitale Jr. releases new album featuring industrial, alt-rock and guest Neil Zaza
Vitale is the son of Joe Vitale, a Canton native and accomplished percussionist who toured as a drummer with the Eagles in the late 1970s. The father also contributed to the supergroup's iconic album "Hotel California" by writing the song "Pretty Maids All in a Row" with Joe Walsh.
For more information about the Ravenwood concert and other events at the amphitheater, visit www.jacksonamphitheater.com/.
Ravenwood also will be opening for Donnie Iris and The Cruisers on June 4 at Lock 3 in downtown Akron.
Ravenwood performs at 7 p.m. followed by Donnie Iris and The Cruisers at 8 p.m.
The younger Vitale also will play drums on a few songs with Donnie Iris and his band. "I started playing drums for Donnie last summer and it's been amazing," he said. "I am honored to be opening for them as well as performing with them."
General admission tickets are $20 and reserved $55.
To purchase tickets for the Lock 3 show, visit www.akroncivic.com/shows/488.
Donnie Iris is known for his work with the Jaggerz and Wild Cherry during the 1970s, followed by his solo career beginning in the 1980s with his band, the Cruisers.
Iris' popular songs include "Love Is Like A Rock."
Reach Ed at 330-580-8315 and ebalint@gannett.com. On Twitter: @ebalintREP | https://www.cantonrep.com/story/entertainment/2022/05/26/cut-cinema-showing-indie-films-canton-ravenwood-rock-jackson/9891871002/ | 2022-05-26T11:06:45Z |
WILLOW PARK, Texas, July 25, 2022 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: PFHC) ("ProFrac" or the "Company") announced today that it successfully completed its acquisition of SP Silica of Monahans, LLC, and SP Silica Sales, LLC (collectively, "Monahans"), the West Texas subsidiaries of Signal Peak Silica, for approximately $90 million.
Matthew D. Wilks, ProFrac's Executive Chairman, stated, "We are excited to add the Monahans mine to our portfolio that when combined with our Kermit and La Mesa mines will provide ProFrac with close proximity sand supply to almost every well in West Texas. This increases our efficiency in the region through our ability to reduce truck traffic, fuel consumption and emissions, which helps manage our costs in this inflationary environment."
In addition, ProFrac entered into an amendment to that certain Term Loan Credit Facility (the "Term Loan Credit Facility"), increasing the size of the Term Loan Credit Facility from $302.4 million outstanding as of July 20, 2022, to $452.4 million outstanding with the presently uncommitted option to obtain commitments for potentially an additional $100 million of delayed draw loans (the "Option") before the earlier to occur of (i) the consummation of the previously announced agreement to acquire U.S. Well Services, Inc. and (ii) March 31, 2023. The maturity date with respect to the Term Loan Credit Facility remains the same at March 4, 2025.
ProFrac used proceeds from the increased Term Loan Credit Facility to fund the Monahans acquisition, and anticipates using the balance of the proceeds and operating cash to facilitate the acquisition of U.S. Well Services Inc., to pay outstanding debt under the Company's ABL Credit Facility and/or for other general corporate purposes. In connection with upsizing the Term Loan Credit Facility, the ABL Credit Facility was revised to add an uncommitted $100 million Incremental Facility (the "Incremental Facility"), under the terms of which existing lenders can make additional loans (in their sole discretion) under, or new lenders can join, the Incremental Facility and increase the potential size of the ABL Credit Facility from $200 million to $300 million, subject to satisfaction of certain conditions.
Piper Sandler & Co. served as financial advisor to ProFrac on the financing and Brown Rudnick LLP acted as ProFrac's legal counsel on the financing.
Piper Sandler & Co. also served as the exclusive financial advisor to ProFrac on the Monahans acquisition and Winston & Strawn LLP acted as ProFrac's legal counsel on the transaction. Evercore served as exclusive financial advisor to Signal Peak Silica and Sidley Austin LLP acted as Signal Peak Silica's legal counsel on the transaction.
About ProFrac Holding Corp.
ProFrac Holding Corp. is a growth-oriented, vertically integrated and innovation-driven energy services company providing hydraulic fracturing, completion services and other complementary products and services to leading upstream oil and gas companies engaged in the exploration and production ("E&P") of North American unconventional oil and natural gas resources. Founded in 2016, ProFrac was built to be the go-to service provider for E&P companies' most demanding hydraulic fracturing needs. ProFrac is focused on employing new technologies to significantly reduce "greenhouse gas" emissions and increase efficiency in what has historically been an emissions-intensive component of the unconventional E&P development process. For more information, please visit the ProFrac's website at www.pfholdingscorp.com.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements included in this press release may contain "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements are accompanied by words such as "may," "should," "would," "continue," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "plan," "future," "outlook," or similar expressions that predict or indicate future events or trends that are not statements of historical fact, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements relate to future events or the Company's future financial or operating performance. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of ProFrac's management and are not predictions of actual performance. These forward-looking statements include, among other things, statements regarding: the Company's strategies and plans for growth; the Company's positioning, resources, capabilities, and expectations for future performance; market and industry expectations; the Company's potential acquisition of U.S. Well Services, Inc.; the Company's estimates with respect to the profitability and utilization of its fleets; expectations regarding near-term and long-term growth, and the attendant impact on the Company's future revenues, margins, free cash flow and through-cycle positioning; the potential to return cash to shareholders; any financial or other information based upon or otherwise incorporating judgments or estimates relating to future performance, events or expectations; any estimates and forecasts of financial and other performance metrics; and the Company's outlook and financial and other guidance. Such forward-looking statements are based upon assumptions made by the Company's management as of the date hereof and are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are provided for illustrative purposes only, and are not intended to serve as, and must not be relied on by any investor as, a guarantee, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of ProFrac. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, the Company's ability to achieve anticipated benefits of the transactions, including risks related to integrating Monahans and its personnel; the Option is presently uncommitted and there is no assurance that the Company will find any lenders willing to participate in the Option; there can be no assurance that the Company will be able to find any lenders to participate in the Incremental Facility; the Company's ability to deploy capital and the proceeds of the loans in a manner that furthers the Company's growth strategy, as well as the Company's general ability to execute its business plans; the Company's ability to complete the acquisition of U.S. Well Services, Inc., which is subject to the satisfaction of closing conditions; if completed, the ability of the Company to achieve the anticipated benefits of the U.S. Well Services Inc. acquisition without experiencing unexpected costs or other consequences; industry conditions, including fluctuations in supply, demand and prices for the Company's products and services; global and regional economic and financial conditions; the effectiveness of the Company's risk management strategies the future financial performance of ProFrac following the transactions; and other risks and uncertainties set forth in the documents of ProFrac filed, or will file, with the Securities and Exchange Commission ("SEC"), which are available on the SEC's website at www.sec.gov. The foregoing list of risks is not exhaustive.
If any of these risks materialize, or our assumptions prove to be incorrect, actual results could differ materially from the results implied by these forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward looking statements will be achieved, including without limitation any expectations about the Company's operational and financial performance or achievements through and including 2022. There may be additional risks about which the Company is presently unaware or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. The reader should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company anticipates that subsequent events and developments will cause its assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, it expressly disclaims any duty to update these forward-looking statements, except as otherwise required by law. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Participants in the Solicitation
In connection with the proposed transaction referenced above between ProFrac and U.S. Well Services, Inc. ("USWS"), ProFrac and USWS and their respective executive officers and directors may be deemed, under SEC rules, to be participants in the solicitation of proxies in connection with the proposed transaction. Information regarding the officers and directors of ProFrac is included in ProFrac's final prospectus filed pursuant to Rule 424(b) with the SEC on May 16, 2022. Information regarding the officers and directors of USWS is included in USWS' Definitive Proxy Statement on Schedule 14A filed with the SEC on April 20, 2022, as amended from time to time, with respect to the 2022 Annual Meeting of Stockholders of USWS and in USWS' Current Report on Form 8-K filed with the SEC on May 4, 2022. Additional information about ProFrac's directors and executive officers and a description of their interests in ProFrac and the proposed transaction will be included on a registration statement on Form S-4 to be filed by ProFrac, which will include a proxy statement/prospectus (the "Proxy Statement") and an information statement (the "Information Statement" and, together with the Proxy Statement, the "Proxy Materials"). More detailed information regarding the identity of the potential participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the Proxy Materials and other materials to be filed with the SEC in connection with the proposed transaction.
No Offer and Non-Solicitation
This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of ProFrac, USWS or the combined company, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.
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SOURCE ProFrac Holding Corp. | https://www.kxii.com/prnewswire/2022/07/25/profrac-holding-corp-completes-acquisition-west-texas-sand-operations-related-upsize-its-term-loan/ | 2022-07-25T23:45:18Z |
We're doing more to help our customers and communities through these challenging times
NEW ORLEANS, July 26, 2022 /PRNewswire/ -- June's higher than usual temperatures, which drove record energy usage, and dramatically higher natural gas prices produced some of the highest electric bills ever seen throughout the region and nation, including the customers we serve. If you combine this with rising costs on a national scale for seemingly everything, our friends and neighbors are experiencing a major financial strain right now.
To ease the pain of higher energy bills, and in consultation with our regulators, Entergy is implementing a series of measures to help our residential customers and communities through the high usage summer months, including:
- Committing $10 million in shareholder donations applied to all Entergy utilities for bill payment assistance programs for residential customers, including The Power to Care fund.
- Waiving late payment fees for eligible residential customers.
- Waiving credit card payment fees for all residential customers.
- Organizing employee volunteers to conduct energy efficiency and weatherization events in select neighborhoods.
"We understand the economic challenges our customers and communities are currently facing," said David Ellis, chief customer officer for Entergy. "We also recognize we're responsible for something greater than just powering homes and businesses every day. After all, we've been members of our community for more than 100 years. We are doing more to help our customers through these challenging economic times."
Additional customer assistance solutions are being explored, along with enhanced investments in energy efficiency, resilience, reliability, and continuous improvement initiatives to provide ongoing benefits to our customers. The company appreciates the feedback and input from our regulators across all jurisdictions, and we are committed to working closely with them and our community partners to find creative solutions that provide relief for our customers.
More information on our enhanced programs and services to help residential customers, as well as customer resources and frequently asked questions, can be found at entergy.com/billimpacts.
Entergy (NYSE: ETR), a Fortune 500 company headquartered in New Orleans, powers life for 3 million customers through its operating companies across Arkansas, Louisiana, Mississippi and Texas. Entergy is creating a cleaner, more resilient energy future for everyone with our diverse power generation portfolio, including increasingly carbon-free energy sources. With roots in the Gulf South region for more than a century, Entergy is a recognized leader in corporate citizenship, delivering more than $100 million in economic benefits to local communities through philanthropy and advocacy efforts annually over the last several years. Our approximately 12,500 employees are dedicated to powering life today and for future generations. Learn more at entergy.com and follow @Entergy on social media. #WePowerLife
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SOURCE Entergy Corporation | https://www.kxii.com/prnewswire/2022/07/26/entergy-announces-measures-help-customers-experiencing-high-energy-costs/ | 2022-07-26T19:50:06Z |
LOS ANGELES, June 15, 2022 /PRNewswire/ -- The team at Our Best Life Companies is thrilled to announce two major internal promotions as part of an ongoing effort to expand their mission. Chief Administrative Officer Wanda Perez is being promoted to Chief Operating Officer and Chief Investment Officer Timothy Vandecar will be accepting the position of Chief Financial Officer.
Wanda has been instrumental in the day-to-day business operations of OBL-- even before the company integrated multiple practices. Her 15-plus years of experience in the dental industry has given her invaluable knowledge of all things practice-management. Her deep personal connection and attention to the team and patients at each individual OBL practice make her a natural choice to become the COO of the company.
Timothy, In his time as CIO, leveraged his many years of experience in healthcare banking to drive OBL's expansion strategy through practice acquisition, de novo launches, and asset management. This expanded role will have Timothy overseeing all financial aspects of business operations as OBL moves into Q2 and continues its strategic growth plan.
Both Wanda and Timothy's commitment to sustainable practice growth and support of daily operations are key components of OBL's mission: to provide the best dental care, foster the best team members, and reach as many patients as possible.
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SOURCE Our Best Life Companies | https://www.mysuncoast.com/prnewswire/2022/06/15/announcing-exciting-staff-developments-our-best-life-companies/ | 2022-06-15T18:22:01Z |
- Funding will help 25 community organizations increase their capacity to serve Hoosier families impacted by food insecurity
PLAINFIELD, Ind., Sept. 8, 2022 /PRNewswire/ -- The Duke Energy Foundation is awarding nearly $100,000 in grants to local food pantries and community organizations to help put food on the table for Hoosier families in need. The grants will support the purchase of canned goods, fresh produce and essential supplies to address food insecurity across the company's Indiana service territory.
"Food is the most basic of needs, and there are organizations throughout the state that provide a lifeline to Hoosiers who may not know where their next meal will come from," said Stan Pinegar, president of Duke Energy Indiana. "They fill a vital role in the communities we serve, and we're committed to supporting their work to help increase food access for those in need."
One such organization is Hoosier Hills Food Bank in Bloomington, Ind. The nonprofit makes food donations available to over 100 area nonprofit organizations, including emergency food pantries, day care centers serving low-income children, youth programs, shelters, residential homes and soup kitchens. Each year, these agencies collectively serve 25,800 people in south-central Indiana.
"No one deserves to be hungry," said Julio Alonso, executive director of Hoosier Hills Food Bank. "Food insecurity persists as a significant problem, and our partner organizations often struggle to meet demand. We are grateful for the financial support of companies like Duke Energy that enable us to expand our capacity to serve those in need in our community."
The following organizations were awarded grants:
- Bread of Life Food Pantry (Decatur County) – $1,500
- Churches in Mission (Morgan County) – $1,000
- Clay County YMCA (Clay County) – $10,000
- Community Harvest Food Bank (Adams, Allen, DeKalb, Huntington, LaGrange, Noble, Steuben, Wells and Whitley counties) – $6,000
- Dinner Before Bedtime (Shelby County) – $5,000
- Fayette County Food Council (Fayette County) – $3,000
- Fishers Youth Assistance Program (Hamilton County) – $2,000
- Food Finders (North-Central Indiana) – $5,000
- Food Finders (Tippecanoe County) – $11,000
- Franklin County High School (Franklin County) – $2,500
- Good Samaritan Food Pantry (Decatur County) – $1,500
- Hamilton Heights Youth Assistance Program (Hamilton County) – $1,500
- Hendricks County Food Pantry Coalition (Hendricks County) – $5,000
- Hoosier Hills Food Bank (Brown, Lawrence, Orange, Owen, Martin and Monroe counties) – $10,000
- Hope Southern Indiana (Floyd County) – $1,000
- Mother Hubbard's Cupboard (Monroe County) – $1,000
- Open Doors of Westfield (Hamilton County) – $1,000
- Princeton Salvation Army (Gibson County) – $5,000
- Riverview Health's Indiana Mothers' Milk Bank (Hamilton County) – $3,000
- Rush County Community Assistance (Rush County) – $2,500
- Salvation Army of Southern Indiana (Floyd County) – $10,000
- Second Harvest Food Bank of East Central Indiana (Delaware County) – $2,500
- Terre Haute Catholic Charities Food Bank (Vigo County) – $1,000
- United Way of Knox County (Knox County) – $6,000
- Western Wayne School Corporation (Wayne County) – $1,000
Duke Energy Indiana
Duke Energy Indiana, a subsidiary of Duke Energy (NYSE: DUK), provides about 6,300 megawatts of owned electric capacity to approximately 870,000 customers in a 23,000-square-mile service area, making it Indiana's largest electric supplier.
Duke Energy Foundation
The Duke Energy Foundation provides philanthropic support to meet the needs of communities where Duke Energy customers live and work. The Foundation contributes more than $2 million annually in charitable gifts to Indiana and is funded by Duke Energy shareholder dollars. More information about the Foundation and its Powerful Communities program can be found at duke-energy.com/Foundation.
Contact: McKenzie Barbknecht
24-Hour: 800.559.3853
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SOURCE Duke Energy | https://www.kxii.com/prnewswire/2022/09/08/duke-energy-foundation-invests-nearly-100000-hunger-relief-indiana-communities/ | 2022-09-08T16:46:50Z |
Once-in-a-generation Opportunity for Media to Tour Temple Interior and Gardens with Global Church Leadership
WASHINGTON, April 12, 2022 /PRNewswire/ --
Summary: Global leaders of The Church of Jesus Christ of Latter-day Saints will be among the key speakers and tour guides during a special press conference and media day at the Washington D.C. Temple on Monday, April 18.
What: This media event will officially launch the Washington D.C. Temple Open House set to take place over the course of the spring and summer. Hundreds of thousands of visitors are expected to visit this iconic location considered a sacred space by millions worldwide. This is the first time that the Temple, following a comprehensive renovation project, has been opened to members of the press corps in nearly 50 years.
Who: Elders David A. Bednar and Gerrit W. Gong of the Quorum of the Twelve Apostles and Sisters Sharon Eubank and Reyna I. Aburto, first and second counselor respectively of the Church's Relief Society General Presidency, will address the media during a press conference and interview availability.
The Quorum of the Twelve Apostles is the second-highest presiding body in the Church. The Relief Society is one of the largest women's organizations in the world for women ages 18 and over that provides support for the temporal and spiritual needs of all women in the Church, as well as others who are in need.
Church leaders scheduled to address the media on April 18 have responsibilities that include oversight for temples across the globe, worldwide humanitarian assistance and the administration of one of the oldest and largest women's organizations of its kind in the world. These leaders will be among the guides who will lead accredited media guests through the interior of the Temple and adjoining gardens on April 18.
When: Three specialized briefing sessions for media will take place on April 18. Media are invited to choose the session that best meets the needs of their respective outlets and readers. Colleagues are invited to arrive 30 minutes early if they need to set up equipment.
- April 18 9 a.m. ET: Media Briefing and Tour for local and national media (in English and ASL)
- April 18 Noon ET: Media Briefing and Tour for international and global media and foreign correspondents, (Spanish, Portuguese, and French interpreters on-site and select spokespeople available to provide content in Spanish and other global languages upon request)
- April 18 3 p.m. ET: Media Briefing for digital media outlets, thought leaders, cultural and architectural and design publications (construction and design experts also available for comment)
How to Attend: Media are invited to RSVP through the following registration link. Media that have registered for the April 18 media day will receive an invitation to preferred sessions based on availability.
Every effort will be made to accommodate first requests for access. All media attending April 18 activities, including photographers, sound engineers, and other support team members, must register through the registration link, or they cannot be admitted to Media Day activities in accordance with security and safety considerations.
Resources / Links
RSVP Link for April 18 Media Day / Press Conference / Media Tours
Biographical sketches for the spokespersons scheduled for April 18 (please note that additional speakers will be announced closer to the date)
Facts and Resources about the Washington D.C. Temple Open House
Production Note: We welcome camera crews and equipment for the press conference and one-on-one interview opportunities taking place following the tours of the Temple. Every effort will be made to accommodate equipment but placement of cameras will be made on a first-come, first-served basis. As is customary practice for temple open house activities, cameras are not permitted inside the Temple itself but extensive b-roll options will be made available to media outlets upon request.
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SOURCE Church of Jesus Christ of Latter-day Saints | https://www.kxii.com/prnewswire/2022/04/12/press-conference-media-day-commence-washington-dc-temple-open-house-global-church-leaders-lead-media-tours-temple-interior-april-18/ | 2022-04-12T18:11:58Z |
KCC negotiates electric company to lower bills after $5 increase requested
TOPEKA, Kan. (WIBW) - After Empire Electric requested it be allowed to raise customers’ monthly bills by $5, the KCC negotiated with the company to actually lower costs by about $3.
The Kansas Corporation Commission says Empire Electric customers will soon see their monthly bills be reduced. It said a settlement agreement it approved on Thursday, May 26, calls for a 3.8% decrease in rates - effective July 1.
The KCC noted that the decrease amounts to a bill reduction of about $3 per month for residential customers with average usage.
The Commission said Empire Electric serves about 9,700 customers in southeast Kansas. It said the company filed an application for a rate increase in May 2021 to recover costs incurred from building three new wind farms, retiring the Asbury coal plant and updating accumulated depreciation and deferred costs.
The KCC indicated the application called for a $5 monthly increase for residential customers.
However, the Commission said the settlement, negotiated by its staff, the Citizens Utility Ratepayer Board and the company addressed all matters raised in the application except the recovery of the wind farm costs.
KCC said questions were raised at the evidentiary hearing held in March about the need for wind facilities and the cost.
On May 6, the Commission said Empire filed a motion to withdraw its request to recover the wind project costs in rates with the option to seek recovery in a future general rate case. It said it approved the motion as part of Thursday’s order.
In the issuance of Thursday’s order, KCC said it found the agreement was supported by substantial competent evidence and will result in just and reasonable rates in the public’s interest.
To view the full text of the order, click HERE.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/05/26/kcc-negotiates-electric-company-lower-bills-after-5-increase-requested/ | 2022-05-26T21:51:32Z |
Will Enable CIBO Partners to Leverage the Project Directly or as a Reference Design for Their Project
MINNEAPOLIS, Aug. 2, 2022 /PRNewswire/ -- CIBO, the science-based technology company that provides partners with a complete platform to manage ag carbon and nature-based climate programs, today announced the acceptance of their Project Description Document (PDD) to Verra entitled "The CIBO Initiative for Scaling Regenerative Agriculture." The PDD was submitted under Verra Carbon Standard VM0042 (Methodology for Improved Agricultural Land Management, v1.0).
Verra is the global leader in voluntary carbon market quality assurance. They have developed over 200 greenhouse gas (GHG) reduction and sequestration standards, known as methodologies. Each standard can be used to develop programs that create meaningful environmental and social value with high quality and confidence.
For the first time, a company looking to bring a registered carbon program to their growers or stakeholder groups in the U.S. now has a project infrastructure that they can leverage through credit registration or as a reference design for their own project. The CIBO Initiative for Scaling Regenerative Agriculture is the first project under VM0042 to be submitted and listed in the pipeline in the United States and the first to be listed as "Under Validation" globally. The project is a comprehensive effort to provide financial and technical support to U.S. commodity crop growers that results in their adoption of improved agricultural land management practices and, as a result, GHG reductions, GHG removals, and improved land resiliency. Named practices include cover crop adoption, reduced tillage and reduced nitrogen.
Under the new Verra Program, CIBO's proprietary software platform is combined with technical and financial support from both CIBO and enterprise partners. The resulting programs will deliver incentives, a financial safety net, and expert guidance that farmers across the Corn Belt region of the United States need to overcome barriers to widespread adoption of regenerative agriculture.
CIBO's Verra project was designed from the ground up to support enterprises throughout the food and agriculture value chain, including: CPGs; input companies; grain and commodities companies; ethanol producers; and others with agricultural commodities in their customer base or supply chain.
"We are excited to have achieved this milestone which will further accelerate the transition to regenerative agriculture," said Daniel Ryan, CEO of CIBO Technologies. "Once the project is reviewed and accepted by the team at Verra and an independent verification body, it will be made available to support our partners with development of their own carbon programs and climate commitments."
"It's encouraging to see the CIBO Initiative for Scaling Regenerative Agriculture project enter the validation phase under VM0042 Methodology for Improved Agricultural Land Management," said Toby Janson-Smith, Chief Program Development and Innovation Officer at Verra. "Once validated, the project will create a pathway for growers in the United States to generate verifiable, transparent, and robust carbon reduction and sequestration credits, and demonstrate the key role the U.S. agricultural sector can play in tackling climate change."
Founded by Flagship Pioneering in 2015, CIBO applies advanced technologies to deliver a deep understanding of agricultural systems to create a sustainable future by helping to mitigate climate change, secure the food supply and improve grower outcomes. CIBO is a 2021 Fast Company World Changing Ideas Awards finalist and was named 2021 AgTech Breakthrough "AI-based AgTech Company of the Year." Learn more at cibotechnologies.com.
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SOURCE CIBO | https://www.kxii.com/prnewswire/2022/08/02/cibo-technologies-submits-first-us-based-agricultural-carbon-project-verra-under-vm0042-methodology/ | 2022-08-02T13:20:20Z |
TEHRAN, Iran (AP) — Tehran’s contemporary art museum has issued an apology and temporarily closed to handle a pest infestation, raising concerns after footage of insects scuttling across world-famous work spread widely on social media.
Insects, which may attack and eat away at paintings, pose a serious threat to the American and European minimalist masterpieces now for the first time on display at the Tehran Museum of Contemporary Art since the 1979 Islamic Revolution ousted Iran’s Western-backed monarchy.
A video went viral earlier this week showing two paper-eating silverfish squirming under the glass of a 1978 industrial photograph by influential German photographers Bernd and Hilla Becher. The sighting of the wingless pearl gray bugs provoked shock and disgust on social media.
The museum apologized to the public on Wednesday, insisting that the “proper maintenance” of its prized works “is of the utmost concern to all of us.” As soon as the infestation became apparent, it said, experts rushed to the museum and carefully cleaned the exhibited artworks.
Insects have not damaged the Becher photograph or any other pieces, the museum said, adding that it would close for two days so pest control technicians could tackle the problem.
Ebadreza Eslami Koulaei, the museum’s manager, told Iran’s semiofficial ISNA news agency that experts were closely monitoring the works, because “when you see one insect, you should predict maybe there are more.”
“When works are taken out from their boxes to be brought to galleries, there is a possibility such incidents happen,” he said.
Many of the renowned contemporary Western works on display had been hidden in the museum vault for decades. Iran’s Shiite clerics who came to power in 1979 packed away the art to avoid offending Islamic values and catering to Western sensibilities.
Iran’s Western-backed shah, Mohammad Reza Pahlavi, and his wife, the former Empress Farah Pahlavi, had built the museum and acquired the multibillion-dollar collection during the oil boom of the late 1970s.
The sensational art — cubist, surrealist, impressionist, even pop art — has gradually resurfaced in recent years as cultural restrictions eased in the Islamic Republic. | https://cw33.com/entertainment-news/ap-entertainment/famed-iran-art-museum-closes-to-deal-with-insect-infestation/ | 2022-08-19T15:01:40Z |
BEIJING, June 20, 2022 /PRNewswire/ -- Therorna Inc., a China-based biotech company specialized in the development of cutting-edge circular RNA (or circRNA) technology-based new vaccines and therapies, announced the completion of a US$42 million Series A financing round. The round was co-led by a well-known industrial investment firm and MSA Capital, with participation from Sherpa Healthcare Partners, 3H Health Investment, and existing investors Quan Capital and Cenova Capital, demonstrating their continuous commitment to supporting Therorna's growth. With the new funding, Therorna plans to accelerate the build-out of its technology platform and the development of its product pipeline, as well as the clinical trials, regulatory applications, and international collaborations.
Therorna was founded in Beijing in April 2021. The company focuses on leveraging its proprietary circRNA technology platform to develop next-generation vaccines and innovative therapies. The company has established a strong pipeline of novel prophylactic and therapeutic drugs aiming to address high unmet medical needs. When combined with the previously completed angel and pre-A rounds, the company has to date raised over US$60 million.
The scientific founder of Therorna, Professor Wensheng Wei said, "We really appreciate the support of our investors. As the world continues to suffer from the COVID-19, scientists are obliged to shoulder the responsibility to provide scientific solutions to end this pandemic. We are devoted to accelerating the clinical application of our circRNA-based vaccines against SARS-CoV-2 and its variants."
Therorna Chief Executive Officer, Dr. Daniel Tang commented, "I am very grateful for the support of our new and existing investors in this financing round. The successful completion of this round will play a key role in helping Therorna accelerate the development of a new broad-spectrum COVID-19 vaccine and the discovery of additional novel therapies for a variety of diseases. Our team will continue to spare no effort to advance the circRNA platform technology to develop the next-generation of breakthrough therapies and quickly deliver meaningful social benefits."
MSA Capital founder and managing partner Yu Zeng added, "We are confident in the potential of circRNA technology for drug development in the area of protein expression and regulation. Compared with linear RNA, circRNA boasts breakthroughs in expression, stability, immunogenicity, and production. In terms of the technology, Chinese scientists have proven their internationally recognized capabilities at innovation and efficient transformation. MSA Capital is impressed by Therorna's strong team of scientists and entrepreneurs. As a serial entrepreneur, Professor Wei has deep expertise in gene editing and circRNA technology application, and Therorna's management team has rich experience in drug R&D and industrial management. MSA Capital will make use of its resources to support the expansion of Therorna in international markets."
Sherpa Healthcare Partners investment VP Dr. Changzu Cai said, "mRNA drugs have achieved notable success in the application of COVID-19 vaccines, but challenges in terms of side effects remain to be addressed. Linear RNA is easily degraded and its application beyond vaccines is still under exploration. Thanks to its unique structure, the circRNA as a tool for protein expression has been proven to maintain a relatively stable protein expression level in vivo for a longer time, which is expected to further expand the application scenarios of RNA therapy. The team led by Professor Wei is leveraging their experience in applying circRNA as a gene editing tool to support the development of the circRNA expression tool. The proprietary circularization method developed by Therorna has demonstrated its advantages in terms of dosage, and activation of cellular immunity by being first applied in COVID-19 vaccines. We are pleased to continue supporting the efforts of Wei Lab in converting innovations into benefits for patients and communities, while looking forward to transforming Therorna into a platform-based circRNA technology-focused company with an international presence."
3H Health partner Dr. Minchuan Wang said, "circRNA has better stability and long-lasting expression with a potential for creating a new RNA therapy platform. The combination of Professor Wei's team with strong technical expertise in circRNA and the management team established at an earlier stage of the company with members having rich experience in promoting the adoption of new technologies will help accelerate the clinical transformation of circRNA. We are honored to support Therorna in this financing round, and we will work with the company's team, and their new and existing investors, to help the company assume a leadership role in the realm of circRNA, providing patients with pioneering therapies and addressing unmet clinical needs."
Exclusive financial advisor for this transaction and CEC Capital Managing Director, Echo Zhang commented, "circRNA has attracted widespread attention as an emerging technology for RNA drugs. Therorna is expected to take the lead in advancing the technology into clinical applications. We are honored to help Therorna complete this round of financing, and we believe that Therorna will lead the development of the global circRNA sector."
About MSA Capital
Founded in 2014, MSA Capital is an independent global private equity and venture capital firm with over $2.0 billion under management. The firm manages capital from the world's top sovereign wealth funds, international asset managers, pension funds, university endowments, fund of funds and family offices, as well as China's leading new economy entrepreneurs.
MSA actively partners with outstanding entrepreneurs in China and other technology markets to build leading, innovative companies that aim to deliver strong financial returns and meaningful, positive impact. The firm is headquartered in Beijing, with resident teams in Shanghai, Hong Kong, Singapore, Middle East, North Africa and the United States.
About Sherpa Healthcare Partners
Sherpa Healthcare Partners ("Sherpa") was founded in 2018, the founders previously worked together in one of China's leading venture capital firms, built and led its professional medical investment team since 2011, set up the dedicated healthcare investment fund and responsible for healthcare investment. The founders have been teamed together in close co-operation, built on shared values, mutual trust, and complementary capabilities. Sherpa has now become an influential healthcare VC firm in the industry. Sherpa has invested in leading companies in many key areas, such as Pharma, GeneTech, MedTech and Medical services. From 2011 to 2020, the team has gone through 4 vintage year cycles of multiple U.S dollar funds and RMB funds and made 100 investments. Sherpa has the honor to work with many outstanding entrepreneurs and grow together with them.
About 3H Health Investment
3H Health Investment is a Hong Kong and Shanghai based healthcare venture capital firm. It focuses on unmet medical needs and invests in emerging fields of science and medicine to deliver breakthroughs to patients. Leveraging its extensive resources with clinical institutions, industry partners and policy institutes, 3H builds leading innovative healthcare companies together with its partners.
About Quan Capital
Quan capital is a life sciences venture capital firm with strong China expertise and global capabilities. We discover, incubate, and grow next-generation life science companies in early and growth stage, worldwide. Our portfolio companies pioneer differentiated therapies and enabling technologies to address major human diseases with high unmet medical needs.
Quan has offices in Shanghai, Menlo Park and Boston. Our investment professionals combine their strong expertise in both science and business with their diverse experiences in global drug development and healthcare investments, and they leverage their broad network worldwide to help maximize the company's value across geographies and development stages. Visit www.quancapital.com to learn more about us.
About Cenova Capital
Cenova Capital is one of the earliest healthcare funds dedicated to early and growth-stage investments in the life sciences and healthcare sectors in China. Since inception in 2010, Cenova Capital now has six funds under management with investments in over 80 companies in pharmaceuticals, medical devices,healthcare services and digital heath. Cenova Capital's investors are mainly large domestic and international institutional investors including Asian sovereign wealth investors, government institutions, insurance companies, financial institutions and multinational companies.
About CEC Capital
CEC Capital is a leading Chinese FA with a focus on the global TMT, consumption and health sectors. In addition to investment banking, CEC Capital is managing a RMB fund and a dollar fund with offices in Beijing, Shanghai, Los Angeles and San Francisco, and it also has a license to the US securities market. The healthcare industry is an advantageous industry that CEC Capital is concerned about. Meanwhile, CEC Capital has the largest and most professional health investment banking team in China with the most complete industry chain.
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SOURCE Therorna Inc. | https://www.wibw.com/prnewswire/2022/06/21/therorna-completes-series-financing-accelerate-pipeline-development-clinical-transformation-circrna-based-platform/ | 2022-06-21T01:19:47Z |
- Total revenues were $2.29 billion, towards the high-end of the range of guidance;
- GAAP diluted EPS attributable to KLA was $4.83 and non-GAAP diluted EPS attributable to KLA was $5.13, each above the midpoint of the ranges of guidance;
- Cash flow from operating activities and free cash flow were $818.9 million and $718.6 million, respectively; and
- Capital returns were $723.7 million with $159.0 million in dividends paid and $564.7 million in share repurchases.
MILPITAS, Calif., April 28, 2022 /PRNewswire/ -- KLA Corporation (NASDAQ: KLAC) today announced operating results for its third quarter of fiscal year 2022, which ended on March 31, 2022 and reported GAAP net income attributable to KLA of $730.6 million and GAAP earnings per diluted share attributable to KLA of $4.83 on revenue of $2.29 billion.
Logo - https://mma.prnewswire.com/media/806571/KLA_Corporation_Logo.jpg
"Our March quarter results demonstrate strong execution across multiple areas of our business, delivering revenue, GAAP and non-GAAP earnings per share all above the midpoint of the guidance ranges for the quarter," commented Rick Wallace, president and chief executive officer of KLA Corporation. "The demand environment for KLA products and solutions remains robust amidst a persistently challenging supply chain landscape, and we are focused on navigating this environment to consistently meet customer commitments and delivering on our long-term strategic objectives and financial targets."
A reconciliation between GAAP operating results and non-GAAP operating results is provided following the financial statements included in this release. KLA will discuss the results for its fiscal year 2022 third quarter, along with its outlook, on a conference call today beginning at 2 p.m. PT. A webcast of the call will be available at: www.kla.com.
The following details our guidance for the fourth quarter of fiscal 2022 ending in June:
- Total revenues between $2,300 million to $2,550 million
- GAAP gross margin is expected to be in a range of 59.5% to 61.7%
- Non-GAAP gross margin is expected to be in a range of 61.5% to 63.5%
- GAAP diluted EPS attributable to KLA is expected to be in a range of $4.60 to $5.70
- Non-GAAP diluted EPS attributable to KLA in a range of $4.93 to $6.03
For additional guidance metrics, please see the company's published Letter to Shareholders and earnings slides on the KLA investor relations website.
KLA Corporation ("KLA") develops industry-leading equipment and services that enable innovation throughout the electronics industry. We provide advanced process control and process-enabling solutions for manufacturing wafers and reticles, integrated circuits, packaging, printed circuit boards and flat panel displays. In close collaboration with leading customers across the globe, our expert teams of physicists, engineers, data scientists and problem-solvers design solutions that move the world forward. Investors and others should note that KLA announces material financial information including SEC filings, press releases, public earnings calls and conference webcasts using an investor relations website (ir.kla.com). Additional information may be found at: www.kla.com.
Statements in this press release other than historical facts, such as statements pertaining to total revenues, GAAP and non-GAAP gross margin and GAAP and non-GAAP diluted EPS attributable to KLA for the quarter ending June 30, 2022 are forward-looking statements and subject to the Safe Harbor provisions created by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current information and expectations and involve a number of risks and uncertainties. Actual results may differ materially from those projected in such statements due to various factors, including but not limited to: the impact of the COVID-19 pandemic on the global economy and on our business, financial condition and results of operations, including the supply chain constraints we are experiencing as a result of the pandemic; economic, political and social conditions in the countries in which we, our customers and our suppliers operate, including rising inflation and interest rates, Russia's invasion of Ukraine and global trade policies; disruption to our manufacturing facilities or other operations, or the operations of our customers, due to natural catastrophic events, health epidemics or terrorism; ongoing changes in the technology industry, and the semiconductor industry in particular, including future growth rates, pricing trends in end-markets, or changes in customer capital spending patterns; our ability to timely develop new technologies and products that successfully anticipate or address changes in the semiconductor industry; our ability to maintain our technology advantage and protect our proprietary rights; our ability to compete with new products introduced by our competitors; our ability to attract and retain key personnel; cybersecurity threats, cyber incidents affecting our and our service providers' systems and networks and our ability to access critical information systems for daily business operations; liability to our customers under indemnification provisions if our products fail to operate properly or contain defects or our customers are sued by third parties due to our products; exposure to a highly concentrated customer base; availability and cost of the wide range of materials used in the production of our products; our ability to operate our business in accordance with our business plan; legal, regulatory and tax environments in which we perform our operations and conduct our business and our ability to comply with relevant laws and regulations; our ability to pay interest and repay the principal of our current indebtedness is dependent upon our ability to manage our business operations, our credit rating and the ongoing interest rate environment, among other factors; instability in the global credit and financial markets; our exposure to currency exchange rate fluctuations, or declining economic conditions in those countries where we conduct our business; changes in our effective tax rate resulting from changes in the tax rates imposed by jurisdictions where our profits are determined to be earned and taxed, expiration of tax holidays in certain jurisdictions, resolution of issues arising from tax audits with various authorities or changes in tax laws or the interpretation of such tax laws; and our ability to identify suitable acquisition targets and successfully integrate and manage acquired businesses. For other factors that may cause actual results to differ materially from those projected and anticipated in forward-looking statements in this press release, please refer to KLA Corporation's Annual Report on Form 10-K for the year ended June 30, 2021, and other subsequent filings with the Securities and Exchange Commission (including, but not limited to, the risk factors described therein). KLA Corporation assumes no obligation to, and does not currently intend to, update these forward-looking statements.
The non-GAAP and supplemental information provided in this press release is a supplement to, and not a substitute for, KLA's financial results presented in accordance with United States GAAP.
To supplement our Condensed Consolidated Financial Statements presented in accordance with GAAP, we provide certain non-GAAP financial information, which is adjusted from results based on GAAP to exclude certain costs and expenses, as well as other supplemental information. The non-GAAP and supplemental information is provided to enhance the user's overall understanding of our operating performance and our prospects in the future. Specifically, we believe that the non-GAAP information, including non-GAAP net income attributable to KLA, non-GAAP net income per diluted share attributable to KLA, non-GAAP gross margin and Free Cash Flow, provides useful measures to both management and investors regarding financial and business trends relating to our financial performance by excluding certain costs and expenses that we believe are not indicative of our core operating results to help investors compare our operating performances with our results in prior periods as well as with the performance of other companies. The non-GAAP information is among the budgeting and planning tools that management uses for future forecasting. However, because there are no standardized or generally accepted definitions for most non-GAAP financial metrics, definitions of non-GAAP financial metrics are inherently subject to significant discretion (for example, determining which costs and expenses to exclude when calculating such a metric). As a result, non-GAAP financial metrics may be defined very differently from company to company, or even from period to period within the same company, which can potentially limit the usefulness of such information to an investor. The presentation of non-GAAP and supplemental information is not meant to be considered in isolation or as a substitute for results prepared and presented in accordance with United States GAAP. The following are descriptions of the adjustments made to reconcile GAAP net income attributable to KLA to non-GAAP net income attributable to KLA:
a. Acquisition-related charges primarily include amortization of intangible assets and other acquisition-related adjustments including adjustments for the fair valuation of inventory and backlog, and transaction costs associated with our acquisitions.
b. Restructuring, severance and other charges primarily include costs associated with employee severance, acceleration of certain stock-based compensation arrangements, charges related to liquidation of legal entities and other exit costs.
c. Income tax effect of non-GAAP adjustments includes the income tax effects of the excluded items noted above.
d. Discrete tax items in the three months ended March 31, 2022 include a tax impact relating to the amortization of certain intellectual property as a result of an internal restructuring of ownership rights to align with how our business operates. Discrete tax items in the three months ended December 31, 2021 consist primarily of a tax expense of $163.7 million from an increase in deferred tax liabilities on unremitted foreign earnings due to a change in tax law, partially offset by a net benefit of $69.2 million from an internal restructuring. Discrete tax items in the three months ended March 31, 2021 primarily relate to a tax benefit of $3.0 million due to a decrease in deferred tax liability on purchased intangibles relating to a decrease in the effective income tax rate in Israel. Discrete tax items in the nine months ended March 31, 2022 primarily include the aforementioned items as well as a one-time tax benefit of $394.5 million resulting from changes made to our international structure to better align ownership of certain intellectual property rights with how our business operates. Discrete tax items in the nine months ended March 31, 2021 primarily include the aforementioned item, a tax expense of $14.0 million due to an increase in deferred tax liability on purchased intangibles relating to an increase in the United Kingdom statutory income tax rate and a $4.0 million tax expense from an internal restructuring.
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SOURCE KLA Corporation | https://www.mysuncoast.com/prnewswire/2022/04/28/kla-corporation-reports-fiscal-2022-third-quarter-results/ | 2022-04-28T21:16:24Z |
- Wayne Taylor Racing and Meyer Shank Racing combine for second consecutive 1-2 IMSA victory of 2022; and extend Acura's winning streak at the Mid-Ohio Sports Car Course
- Acura claims mid-season lead for IMSA manufacturer, driver and team championships
- Completes a weekend sweep of sports car, Indy car victories for Acura and Honda
LEXINGTON, Ohio, May 16, 2022 /PRNewswire/ -- Ricky Taylor and Filipe Albuquerque continued Acura's winning ways at the Mid-Ohio Sports Car Course, and stretched the Acura ARX-05 prototype winning streak here to five years in a row in today's IMSA WeatherTech SportsCar Championship race.
Starting second, Albuquerque moved into the lead at the start, and battled both fellow Acura racers Oliver Jarvis and Tom Blomqvist in their Meyer Shank Racing ARX-05, and the #01 Chip Ganassi Racing entry of Sebastien Bourdais and Renger van der Zande throughout the first half of the endurance contest. A mid-race caution flag saw Taylor and van der Zande go wheel to wheel, with van der Zande eventually spinning and Blomqvist quick to capitalize as the Acura duo then ran 1-2 to the finish.
Today's victory is the fifth in a row for Acura at Mid-Ohio, as the manufacturer is undefeated here since returning to prototype competition in 2018. It also completed a weekend sweep for Honda Performance Development, the competition arm of American Honda in North America. On Saturday, Honda drivers Colton Herta and Simon Pagenaud finished 1-2 in the NTT INDYCAR SERIES race on the road course at the Indianapolis Motor Speedway.
After five of 10 races, Acura moved into the lead of the DPi Manufacturers' Championship, with Wayne Taylor Racing, Taylor and Albuquerque moving to the top of the teams and drivers' championships, respectively.
In the production-based GTD class, the #51 Rick Ware Racing Acura NSX GT3 Evo22 driven by Aidan Read and Ryan Eversley, went off-sequence in their pit strategy mid-race, and led a significant portion of the second half of the two-hour, 40-minute contest. But a pit lane infraction during their final scheduled stop resulted in a drive-through penalty, and an unrepresentative 10th place finish.
- 1st overall - #10 Ricky Taylor and Filipe Albuquerque, Wayne Taylor Racing Acura ARX-05 DPi
- 2nd overall - #60 Tom Blomqvist and Oliver Jarvis, Meyer Shank Racing Acura ARX-05 DPi
- 10th GTD - #51 Aidan Read and Ryan Eversely, Rick Ware Racing Acura NSX GT3 Evo22
1. Acura 1,856
2. Cadillac 1,829
1. Filipe Albuquerque, Ricky Taylor; Wayne Taylor Racing 1707
2. Tom Blomqvist, Oliver Jarvis; Meyer Shank Racing 1675
3. Earl Bamber, Alex Lynn; Chip Ganassi Racing 1603
4. Tristan Vautier, Richard Westbrook; JDC Miller Motorsports 1583
5. Pipo Derani, Tristan Nunez; Action Express Racing 1575
6. Sebastien Bourdais, Renger van der Zande, Chip Ganassi Racing 1499
Ricky Taylor (#10 Wayne Taylor Racing ARX-05) Race winner, second consecutive win for Wayne Taylor Racing in 2022; third victory for Acura: "I can't say enough about my teammate. At the beginning [of the race], the tire pressures just went crazy [high] and I don't know how he drove the car. Because I got an improvement [fresh tires and adjusted pressures] and I was still struggling. But at a track where we needed to get everything right, the team executed perfectly. They just nailed it. Great teams just find a way to win. We might not have been the fastest in qualifying, but this just goes to show how strong our team is, that we find a way to win, no matter what."
Filipe Albuquerque (#10 Wayne Taylor Racing Acura ARX-05) Race winner: "What an amazing race. I'm so happy about this group of people [at Wayne Taylor Racing and HPD], just an amazing job by everyone. We had a great start, but then the car was super, super tricky on old tires, and I was really worried. But the car came a little bit back to us [after the first pit stop] and Ricky just pulled it off, he was amazing. A perfect job by everyone at the Konica Minolta Acura team."
Tom Blomqvist (#60 Meyer Shank Racing Acura ARX-05) Finished second: "Close again, but not quite enough. That was a crazy race, actually. We were running good, the car looked quick. But we got caught out at our first stop. We stalled, basically. We looked like we had the lead going out of pit lane, we just got that wrong. That put us back in third. We had good pace. On the restart [following a caution period], I struggled a bit with the tire buildup, but I still managed to hold the position because the car was quick. Then I got caught in traffic and two Cadillacs managed to get by. The team did a great strategy to bring me in early [for the final scheduled pit stop]. I did some good out laps and managed to clear them again. They saved our race! Two little errors possibly cost us the win. The positive is, we have a very quick car the last few races. We just have to iron out our mistakes and the wins are going to start coming."
Daniel Bella (Supervisor, Trackside Operations, Honda Performance Development) on today's 1-2 finish for Acura, and fifth consecutive victory, at Mid-Ohio: "This was a fantastic day, and a great weekend overall for Acura, HPD and our teams here in Mid-Ohio, especially coming from a 1-2 sweep at WeatherTech Raceway Laguna Seca (earlier this month), and a Honda 1-2 finish yesterday at Indianapolis. The DPi class produced a great race today, with a long, wheel to wheel battle with the #01 car. For the record books, this is back-to-back wins for Wayne Taylor Racing here at Mid-Ohio, and the ARX-05 is undefeated here in DPi competition. For their part, Meyer Shank Racing has the fastest race lap [Tom Blomqvist] and ran strong all day long to finish second. A great way to end the day, and a winning weekend for HPD."
- Today's 1-2 Acura finish is the fifth consecutive win for Acura at Mid-Ohio, and the third in a row here for Ricky Taylor.
- It completes a weekend of 1-2 results for Honda Performance Development, with Colton Herta and Simon Pagenaud finishing 1-2 for Honda yesterday in the GMR Grand Prix on the road course at the Indianapolis Motor Speedway. The last similar sweep for HPD was in September of 2021, when Alex Palou won the Portland Grand Prix NTT INDYCAR SERIES race for Honda, while Taylor/Albuquerque combined to win at Laguna Seca for Acura and HPD.
- Acura is undefeated at Mid-Ohio since returning to prototype competition in 2018. Last year, Ricky Taylor and Filipe Albuquerque scored a thrilling victory in their Wayne Taylor Racing Acura ARX-05, combining fuel mileage with speed to hold off the competition by just 1.7 seconds at the checkers.
- Helio Castroneves and Ricky Taylor won for Acura Team Penske in 2018 and 2020; teammates Dane Cameron and Juan Pablo Montoya won for Acura in 2019.
The Motor City of Detroit is the next stop in the 2022 WeatherTech SportsCar Championship, for the Detroit Grand Prix. One of two 100- minute "sprint races" on the IMSA calendar, the race takes place Saturday, June 12 on the tight and bumpy Belle Isle Park temporary street circuit, with live television coverage on the USA network and streaming on NBC Peacock.
Acura Motorsports social media content and video links from Mid-Ohio can be found on Instagram (www.instagram.com/hondaracing_hpd), Twitter (twitter.com/HondaRacing_HPD) and Facebook (www.facebook.com/HondaRacingHPD). Additional features and long-form videos can be found on the Honda Racing/HPD YouTube channel (https://www.youtube.com/HondaRacingHPDTV).
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SOURCE Acura Motorsports | https://www.mysuncoast.com/prnewswire/2022/05/16/acura-dominates-again-with-1-2-finish-mid-ohio/ | 2022-05-16T15:44:58Z |
Nearly 50% of companies surveyed report increased physical security threats and incidents over the last year
LOS ALTOS, Calif., Sept. 13, 2022 /PRNewswire/ -- A recent survey conducted by Constella Intelligence and commissioned by ASIS International revealed that organizations are confronting a staggering increase in threats against employees, executives and physical locations. Amid tensions exacerbated by political, social and economic issues, cyber-physical threats constitute considerable vulnerabilities for organizations. Reported risks included increased threats against physical facilities, co-workers and activism-related threats against business practices, while top security priorities included protecting organizations from disgruntled employees or customers, active shooter incidents and travel risks for executives. Despite these risks, nearly 61% of organizations surveyed said they do not proactively monitor the dark web for early indicators of emerging threats. Current practices are widely reactive as most organizations only respond to threats after they arise.
The report showcases the perspectives of more than 300 security professionals within the ASIS community at companies spanning 19 industries and five regions. Organizations surveyed range from 50 to more than 50,000 employees.
Constella Intelligence today presented four key insights from the survey at the 2022 Global Security Exchange (GSX), including: (1) Companies are facing increased physical security threats which are tied to the convergence of digital and physical risk, (2) physical security and cybersecurity teams are siloed, rarely operating within the same department and interacting infrequently, (3) open source and deep and dark web monitoring for early threat indicators are lagging and (4) social, economic and geopolitical unrest is tightening corporate governance.
Of the organizations surveyed, Constella and ASIS found that only about 1 in 10 (11%) have integrated cybersecurity and physical security teams into one unified department, and an alarming 52% of physical security teams don't frequently interact with their cyber counterparts.
"As digital activity and physical events continue to converge, we must consider how to protect organizations and their employees from cyber-physical risks effectively," said Constella's Director of Risk Intelligence, Jonathan Nelson. "To ensure a holistic picture of targeted, hybrid security threats, cyber and physical teams need to transcend antiquated paradigms of 'digital vs. physical,' fostering deeper cross-functional engagement and leveraging unified tools to monitor the surface, deep and dark web for early threat signals."
Through their joint analysis, Constella and ASIS identified a widespread need for deeper integration between cyber and physical security teams, as most respondents indicated their organizations would be better equipped to avoid crises if these functions were better aligned and could leverage a single unified platform to monitor potential threats. These responses evidence the relevance of comprehensive digital sphere monitoring capabilities—including coverage of the deep and dark web—to identify and mitigate emerging hybrid threats.
"I have witnessed several significant changes in the security sector since I began my editorial career nearly 30 years ago," said Teresa Anderson, Vice President of Editorial Services at ASIS. "The most fascinating part is seeing how organizations evolve to meet new needs and overcome more advanced obstacles. The increasing convergence of digital and physical risk undoubtedly presents new opportunities for cybersecurity and digital security professionals to work in tandem, perhaps for the first time in their organization's history."
Key findings from the survey include:
- Almost 50% of respondents said that the number of physical security threats and incidents at their company has increased compared with last year.
- 62% of respondents ranked dangerous threats from former employees or disgruntled customers as their top security concern.
- Physical and cybersecurity teams are siloed, as only 11% said that they are integrated into a single department; 40% said that incidents or threats could have been handled better if physical and cybersecurity teams were more tightly integrated.
- 61% of companies do not leverage a unified platform that proactively monitors the social and dark web for emerging threats, even though 70% agree that their company would be better equipped to avoid a crisis if they had one.
Among U.S. companies, 76% ranked preventing an active shooter event at one of their locations as their top security priority. The need for security advancements is widely recognized, as every respondent reported organizational plans to invest in at least one security system or activity in the next year. Security professionals can expect to see greater spending on threat assessment training, real-time monitoring and threat reporting, integrated digital and physical security practices and services from intelligence analysts or experts.
Read the full 2022 Survey Report on Managing Increased Cyber-Physical Security Threats in a Hyper-Connected World here.
To learn more about how Constella helps organizations defend against physical and cyber threats, visit www.constellaintelligence.com.
Constella Intelligence is a global leader in Digital and Physical Risk Protection, safeguarding 30M+ global users at some of the world's largest organizations, including 5 of the top 10 U.S. banks. Our solutions are a unique combination of proprietary data, technology, and human expertise to anticipate, identify, and remediate targeted threats to your people, your brand, and your assets at scale—powered by the most extensive breach and social data collection from the surface, deep, and dark web on the planet, with over 100B attributes and 45 billion curated identity records spanning 125 countries and 53 languages.
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SOURCE Constella Intelligence | https://www.wibw.com/prnewswire/2022/09/13/global-companies-face-increased-threats-violence-amid-geopolitical-social-unrest-new-constella-survey-reveals/ | 2022-09-13T16:08:31Z |
BEIJING, Sept. 6, 2022 /PRNewswire/ -- iQIYI, an innovative market-leading online entertainment service in China, announced recently that it has further upgraded the revenue sharing system of its Cloud Cinema Premiere model where producers now share most of the revenues earned. The company also disclosed data on the top-earning films that have been released under its Cloud Cinema Premiere model. The developments mark the latest step iQIYI takes to create market incentives and provide transparent disclosure that drive the growth of the online film market.
With the upgrade, producers can now share 90%--compared with the 60%--of the revenue generated for films released via Premium Video on Demand (PVOD), which is one of the two models of streaming under iQIYI's Cloud Cinema Premiere model.
Data on the top-earning films released through Cloud Cinema Premiere attests to the efficacy of iQIYI's strategy. According to the company, Dreams of Getting Rich, Northeastern Bro, and Blind War recorded the highest earnings for producers across all films released under the Cloud Cinema Premiere model from 2021 to date.
In addition to popular Chinese films, the list of films released under iQIYI's Cloud Cinema also included global hits such as Zack Snyder's Justice League. Directed by Zack Snyder and starring Ben Affleck, Henry Cavill, Gal Gadot, Jason Momoa, and others, Zack Snyder's Justice League premiered in China online on iQIYI on May 3, 2021, and has since been a huge success in the Chinese market.
According to SONG Jia, Vice President of iQIYI and General Manager of iQIYI Film Center: "For the past two years, iQIYI has endeavored to working with industry talents, building a cloud cinema platform to grow China's online film market, and bringing more premium films to viewers through online releases. The latest increase in the revenue shared by producers iQIYI announced promises to further iQIYI's long-standing effort in building a fairer and more robust media ecosystem."
iQIYI last revamped its collaboration model for online film distribution in April 2022. Major upgrades included allowing films released under the Cloud Cinema Premiere model to generate revenues from both the Premium Video on Demand (PVOD) and Subscription Video on Demand (SVOD) models of streaming, as well as for the revenue shared with film producers for films released under the Subscription Premiere model to be determined by users' viewing time alone. With the April upgrade, iQIYI deepened the alignment of interest and risk between the producers and video platforms, encouraging the two parties to work more closely together to create quality content and boost revenue.
CONTACT: iQIYI Press, press@qiyi.com
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SOURCE iQIYI | https://www.kxii.com/prnewswire/2022/09/06/iqiyi-further-upgrades-online-film-distribution-model-increase-revenue-film-producers-driving-industry-growth/ | 2022-09-06T11:28:45Z |
DENVER, July 29, 2022 /PRNewswire/ -- Today, the Clough Global Equity Fund (NYSE MKT: GLQ) (the "Fund"), a closed-end fund, paid a monthly distribution on its common stock of $0.1162 per share to shareholders of record at the close of business on July 19, 2022.
The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder. The Fund estimates the following percentages, of the total distribution amount per share, attributable to (i) current and prior fiscal year net investment income, (ii) net realized short-term capital gain, (iii) net realized long-term capital gain and (iv) return of capital or other capital source as a percentage of the total distribution amount. These percentages are disclosed for the current distribution as well as the fiscal year-to-date cumulative distribution amount per share for the Fund.
The amounts and sources of distributions reported in this 19(a) Notice are only estimates and not for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income.'
Presented below are return figures, based on the change in the Fund's Net Asset Value per share ("NAV"), compared to the annualized distribution rate for this current distribution as a percentage of the NAV on the last business day of the month prior to distribution record date.
^ Based on the Fund's NAV as of June 30, 2022.
+Cumulative distribution rate is based on distributions paid to date for the period November 1, 2021 through July 31, 2022.
*Cumulative fiscal year-to-date return is based on the change in NAV including distributions paid and assuming reinvestment of these distributions and that all rights in the Fund's rights offering were exercised, for the period November 1, 2021 through June 30, 2022.
**The 5 year average annual total return is based on change in NAV including distributions paid and assuming reinvestment of these distributions and that all rights in the Fund's rights offering were exercised, as of the last business day of the month prior to the month of the current distribution record date.
While the NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market.
Shareholders should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Managed Distribution Plan.
Furthermore, the Board of Trustees reviews the amount of any potential distribution and the income, capital gain or capital available. The Board of Trustees will continue to monitor the Fund's distribution level, taking into consideration the Fund's net asset value and the financial market environment. The Fund's distribution policy is subject to modification by the Board of Trustees at any time. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
ALPS Portfolio Solutions Distributor, Inc. FINRA Member Firm.
Clough Global Equity Fund (NYSE MKT: GLQ)
1290 Broadway, Suite 1000
Denver, CO 80203
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SOURCE Clough Global Equity Fund | https://www.kxii.com/prnewswire/2022/07/29/clough-global-equity-fund-section-19a-notice-statement-pursuant-section-19a-investment-company-act-1940/ | 2022-07-29T10:18:04Z |
LOS ANGELES, May 16, 2022 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Grab Holdings Limited ("Grab" or "the Company") (NASDAQ: GRAB) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between August 2, 2021 and March 3, 2022, inclusive (the ''Class Period''), are encouraged to contact the firm before May 16, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Grab failed to maintain a consistent supply of drivers in the third quarter. The Company was forced to resort to heavy investment in incentives for both drivers and consumers to "preemptively recalibrate driver supply." These incentives would adversely impact the Company's financial results, including a significant decline in revenue. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Grab, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com
SOURCE:
The Schall Law Firm
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SOURCE The Schall Law Firm | https://www.mysuncoast.com/prnewswire/2022/05/16/final-deadline-alert-schall-law-firm-encourages-investors-grab-holdings-limited-with-losses-250000-contact-firm/ | 2022-05-16T17:15:05Z |
WASHINGTON (NEXSTAR) – Student loan borrowers will have to start payments again next month, unless President Joe Biden steps in. His team says he is considering extending the pause on student loans — and even forgiving some debt.
The clock is ticking for the president to make a decision, with the pause on federal student loan payments set to expire on Aug. 31.
“I do hope he extends the moratorium on repayments because of the economic challenges around inflation,” Sen. Mark Warner, D-Va., said.
Many Democrats are pushing for President Biden to extend the payment pause. Some of them are even pushing for him to go further.
“I also hope they might grant some across the board student loan relief,” Sen. Tim Kaine, D-Va., said.
The president has been weighing the idea of loan forgiveness for months, but there isn’t a consensus – even among Democrats – about what he should do.
Sen. Richard Blumenthal, D-Conn., is part of a group of Democrats pushing for the president to forgive up to $50,000 of student loan debt.
“I think that’s urgent for those individuals and for our economy,” Blumenthal said.
President Biden has said he only supports canceling up to $10,000 of student debts. Sen. Warner agrees with that limit, adding that leaders should be looking at other ways to help.
“Where I really think we ought to be focusing is how can we bring down the interest rate costs?” Warner said.
Republican Sen. Rick Scott of Florida is against sweeping student debt wipeouts.
“People that didn’t go to college and run up all of this – like electricians and plumbers – we’re going to make them pay more taxes to help doctors and lawyers? That’s wrong,” Scott said.
He’s even introduced legislation to block the president from doing that.
“Taxpayers lent you the money,” Scott said. “Taxpayers expect to get their money back.”
The White House says President Biden will make a decision on both the pause and any forgiveness plan by the end of August. | https://cw33.com/news/washington-dc-bureau/clock-ticking-on-student-loan-payments-as-biden-weighs-options/ | 2022-07-29T23:32:43Z |
The appointment was undertaken on the back of the company's aspirations of aggressive expansion in the North American territory
NEW YORK, Sept. 5, 2022 /PRNewswire/ -- Netcore Cloud, a profitable SaaS company and global leader in customer communication, engagement, and retention, has appointed David Stewart as Senior Vice President for Sales and Business Development. This appointment comes following the company's recent announcement to be generating 40% of revenue from international markets by 2025, with a greater focus on the US and Europe.
Netcore Cloud's recent Email Benchmark Report, which is a study of 100bn emails, has highlighted that adoption of AI & ML technology is driving higher inboxing in North America. Given its expertise in using the power of AI and ML in email marketing, Netcore Cloud sees an opportunity to expand further in this region. David represents a seasoned sales leader with in-depth domain expertise in Digital Marketing, Mobile, Data, and ML. He has honed various leadership roles at global organizations across Camera IQ, ZineOne and Treeline Inc.,to name a few.
Commenting on the appointment, Abhitabh Bhaskar, International CEO at Netcore Cloud, said, "With David's appointment, we at Netcore Cloud have undertaken another strategic move towards our US expansion aspiration. Given his extensive pool of experience in Sales and, more specifically, his in-depth understanding of SaaS, we are confident about his contribution towards scaling up our business in these regions. We look forward to reaching new targets with his support."
David Stewart added, "I am thrilled to join the senior leadership team at Netcore to continue our growth in North and South America. It is a once-in-a-lifetime opportunity to join a company of this size that is profitable, boot-strapped, and aggressively growing. I look forward to leading the next phase of growth for the company and scaling the team."
In the last year, the company has been appointing a number of key senior leaders in the North American region. The company has also very recently ventured into a strategic relationship with AWS, Inc. targeting a high uptime across multiple geographies resulting in a better customer experience.
About Netcore Cloud:
Netcore Cloud is a bootstrapped SaaS company that helps B2C brands and marketers create AI-powered new-age customer experiences at every touchpoint of a customer's journey. Netcore Cloud's full-stack marketing platform enables highly personalized digital experiences that are easily scalable and provide actionable analytics, real-time reporting, and quick-to-implement solutions across channels. Brands using Netcore Cloud can have a unified view of their customers and optimize their user experience.
Headquartered in Mumbai, India, with 11 offices across the USA, Singapore, Malaysia, Nigeria, Indonesia, UAE, UK, and Germany, Netcore Cloud serves 5000+ customers across the globe. It delivers 17+ billion emails and tracks 100+ billion marketing events every month. Netcore Cloud is a trusted partner across industries with some of the most respected brands like MaxLife Insurance, ICICI Bank, Standard Chartered, Flipkart, Myntra, Miss Amara, Airtel, Disney Hotstar, Canon, Puma, Tobi, EaseMyTrip, PizzaHut and McDonald's. For more information, visit https://netcorecloud.com/
Logo: https://mma.prnewswire.com/media/1495164/Netcore_Cloud_Logo.jpg
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SOURCE Netcore Cloud | https://www.mysuncoast.com/prnewswire/2022/09/05/saas-major-netcore-cloud-appoints-david-stewart-senior-vice-president-sales-business-development-north-america/ | 2022-09-05T14:08:50Z |
NEW YORK, June 9, 2022 /PRNewswire/ -- Paramount Global (NASDAQ: PARA; PARAA) today announced that Bob Bakish, President and Chief Executive Officer, will participate in a virtual question and answer session during the Credit Suisse Communications Conference on Tuesday, June 14, 2022, at 10:40 a.m. ET.
A live audio webcast will be available on Paramount's Investor Relations homepage at ir.paramount.com. A replay of the audio webcast will be available in the Events, Webcasts & Annual Meetings section shortly after the conclusion of the presentation.
About Paramount
Paramount Global (NASDAQ: PARA, PARAA) is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic studios, networks and streaming services, Paramount's portfolio of consumer brands includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV and Simon & Schuster, among others. Paramount delivers the largest share of the U.S. television audience and boasts one of the industry's most important and extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, the company provides powerful capabilities in production, distribution and advertising solutions.
For more information about Paramount, please visit www.paramount.com and follow @Paramount on social platforms.
PARA-IR
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SOURCE Paramount Global | https://www.kxii.com/prnewswire/2022/06/09/paramount-global-ceo-bob-bakish-participate-credit-suisse-communications-conference/ | 2022-06-09T14:04:22Z |
Yelp to cover travel expenses for workers seeking abortions
SAN FRANCISCO (AP) — Yelp will cover the travel expenses of employees who must travel out of state for abortions, joining the ranks of major employers trying to help workers affected by new restrictions in Texas and other states.
The benefit announced Tuesday covers all 4,000 employees at the online review service, but seems most likely to have its biggest immediate impact on its 200 workers in Texas, which has passed a law banning abortions within the state after six weeks of pregnancy.
“We’ve long been a strong advocate for equality in the workplace, and believe that gender equality cannot be achieved if women’s healthcare rights are restricted,” said Miriam Warren, Yelp’s chief diversity officer.
Other states, including Oklahoma, are also are clamping down on abortions, prompting Yelp, based in San Francisco, and several other companies to draw up policies aimed at helping their workers get reproductive health care in other states.
Last month Citigroup, based in New York, disclosed plans to cover the travel expenses of any of its more than 220,000 employees, thousands of whom work in Texas, who travel to another state for an abortion.
The two largest U.S. ride-hailing services, Uber and Lyft, last year announced they will pay the legal fees for drivers who could get sued under the new Texas law for transporting a passenger to an appointment for an abortion.
The policies expose companies to potential backlash from those who support abortion restrictions, but they could be an advantage for employers with a footprint in states like Texas in an increasingly competitive job market.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/04/12/yelp-cover-travel-expenses-workers-seeking-abortions/ | 2022-04-12T19:39:09Z |
Bidens to host 2020, 2022 US Olympic Teams at White House
WASHINGTON (AP) — President Joe Biden plans to host the 2020 and 2022 U.S. Olympic Teams at the White House on Wednesday, celebrating athletes from the most recent winter Games while staging a much delayed, in-person celebration for participants of last summer’s Tokyo Olympics.
The president and first lady Jill Biden will host Olympians from the Tokyo 2020 Summer Olympic and Paralympic Games and Beijing 2022 Winter Olympic and Paralympic Games, on the South Lawn, the White House announced Monday. Vice President Kamala Harris and Doug Emhoff, the second gentleman, will also attend.
Jill Biden made her first solo overseas trip as first lady by traveling to Japan to attend the 2020 Olympics, which were delayed until last year because of the pandemic — though access remained restricted because of the coronavirus.
Last summer, the Bidens hosted a virtual celebration for Team USA from 2020′s Tokyo Olympics from their home in Delaware. The president said then that he’d like to host the team at the White House in the future.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/05/02/bidens-host-2020-us-olympic-team-white-house/ | 2022-05-03T01:16:55Z |
STOCKHOLM, April 25, 2022 /PRNewswire/ -- Pricer is proud to be participating in Touch Taiwan, the trade show for displays and solutions, together with the leading ePaper technology company E Ink.
Pricer will be showcasing its four color labels using the E Ink Spectra 3100 technology, a four pigment ink system that incorporates retailers' requests for additional color functionality.
"We continuously improve our R&D based on the feedback from ecosystem partners to provide the best possible ePaper technology to customers. It is a win-win to have a leading ESL company such as Pricer to showcase how our products meet the business needs of retailers around the world", says FY Gan, President of E Ink.
"As the only true European ESL vendor, we are very proud to have been invited by E Ink, the originator and commercial leader in ePaper technology, to this prestigious event, and to be able to showcase our highly flexible, future-proof in-store solution that enhances both store efficiency and shopping experience", says Duncan Potter, CMO, Pricer.
Pricer will also be showcasing the cloud solution Pricer Plaza along with Instant Flash, an innovation for electronic shelf labels (ESL) designed for real-time activities-to-light. Around this feature, Pricer has built rich software capabilities to enhance in-store critical functions such as Click & Collect (Pick-to-Light) and replenishment.
The foundation of Pricer's solution is Pricer Plaza, a cloud-based management system infrastructure that enables Software as a Service (SaaS) business models. Pricer Plaza comprises a suite of services that provide sophisticated management of the in-store infrastructure and services that act as the key foundation for advanced store digitalization functionality such as:
- Sophisticated dynamic price and promotion implementation
- Advanced replenishment
- Shelf imaging and optimization
- Click & Collect services
- In-store geo-location for advanced customer experience
Pricer and E Ink will be present at booth #M802. Touch Taiwan will take place on April 27–29, 2022 at Taipei Nangang Exhibition Center, Hall1,4F.
For more information about Touch Taiwan, please visit 2022 Touch Taiwan - Display International - Official Site
For further information, please contact:
Duncan Potter, CMO Pricer
+1(203)2973129
info@pricer.com
About Pricer
Pricer is a leading global technology company serving the rapidly growing smart retail market with in-store digital solutions that enhance both store performance and the shopping experience. Through electronic shelf labels, advanced technology, such as optical wireless communication and AI, and continuous innovation, Pricer offers the foundation for in-store communication and efficiency. The industry leading Pricer platform delivers benefits from 30 years of deployment experience and is fast, robust, interconnectable and scalable. Pricer was founded in Sweden in 1991 and is listed on Nasdaq Stockholm. For further information, please visit www.pricer.com
This information was brought to you by Cision http://news.cision.com
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SOURCE PRICER | https://www.wibw.com/prnewswire/2022/04/25/pricer-participates-touch-taiwan-together-with-e-ink/ | 2022-04-25T16:41:57Z |
Luke Combs rewards young fans for their hard work to attend his show
BANGOR, Maine (WABI/Gray News) – Two young country music fans learned this weekend that hard work pays off.
When 12-year-old Bo Fenderson heard Luke Combs was coming to Maine, he knew instantly that he wanted to go to the show.
“I prayed for it to happen. I hoped. I prayed, and it happened,” Bo told WABI.
His mom agreed to take Bo to the concert, but she said tickets were pricey and he needed to earn the money to buy them himself.
Bo and his friend, Tanner, raised the money and made it to Luke Comb’s show Friday night at Maine Savings Amphitheater.
The boys held signs that read:
“We made $100 bucks stacking 5 cords of wood, bought two Luke Combs tickets. Man, he sounds good. Our Dads swore it was a waste of time, oh but they were wrong. Today’s my 12th birthday, oh Lord when it rains it pours.”
Combs spotted the young fans’ homemade signs in the crowd. When the country singer realized how much work they put in to get to the show, he offered to repay them.
“How much were your tickets? $100? $200? Y’all paid $200, $100 a piece? I only got $140 right here,” the singer said pulling cash out of his pocket. “Y’all want that? Pay yourselves back. I’ll get you some more.”
The reigning CMA Entertainer of the Year signed Bo and Tanner’s hats and invited them backstage after the show.
“I thought it was pretty cool to see him walking towards us,” Tanner said.
“He came towards us, and we were able to meet with him. I thought it was really cool,” Bo said.
The boys say they learned some valuable life lessons.
“The two most important things in life are hard work and kindness,” Bo said.
Bo’s mom said Combs was a great role model to take the time to acknowledge the boys’ hard work.
“It wasn’t just Luke, it was the rest of the staff too that made it happen and made it a point to come find us and the boys and fulfill that promise that he made to them,” Bo’s mom said.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/09/05/luke-combs-rewards-young-fans-their-hard-work-attend-his-show/ | 2022-09-05T20:09:56Z |
The international standard for IT service management reinstates CIGNEX's adherence to the guidelines of IT service management system delivery
LIVONIA, Mich., Aug. 10, 2022 /PRNewswire/ -- CIGNEX, a leading provider of Digital Transformation through Open Source, Cloud and Automation technology solutions today announced that they have successfully completed their recertification audit for ISO 20000:2018.
The external audit for ISO 20000:2018, i.e. IT service management was conducted by the certification body ISOQAR (India) Private Limited on 27th & 28th July, 2022.
ISO 20000:2018 IT service management standards are acknowledged and accepted globally. The standard enables organizations to implement risk-based thinking structure to effectively manage their service lifecycle. The recertification reconfirms that CIGNEX has established a robust technology service management system which supports increasing complexity of risk to provide better service & enhanced customer experience.
The certification represents CIGNEX's ability to provide & manage end-to-end delivery of IT services with utmost efficiency. The audit by ISOQAR (India) Private Limited reassures CIGNEX's strong alignment with the IT service management compliance norms which enables them to bid and manage large projects.
CIGNEX has been operating according to the industry recognized best practices for quality and during the external audit, the compliance related standard requirements and controls implemented were verified.
"The recertification of CIGNEX's IT management system, quality, and shared services showcases our commitment towards our management systems. We are committed to continual improvement. With the help of our team of driven experts, we will continue to make significant progress towards our shared objective of delivering unparalleled customer satisfaction," said Srinivas Tadeparti – Global Delivery Head, CIGNEX.
CIGNEX ensures that surveillance audit is conducted on yearly basis by an external certification agency to ensure that the quality standards are corroborated.
About CIGNEX (https://www.cignex.com/)
CIGNEX is a Michigan based global consulting company offering solutions & services on Open Source, Cloud & Automation. Since 2000, CIGNEX has been delivering enterprise class solutions that enable organizations achieve unparalleled results.
For additional information, contact:
Priyanka Sharma
Global Head of Marketing
CIGNEX
priyankap.sharma@cignex.com
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SOURCE CIGNEX | https://www.wibw.com/prnewswire/2022/08/10/cignex-successfully-completes-recertification-audit-iso-200002018/ | 2022-08-10T16:15:45Z |
- In a Phase 3 cinical study interim analysis, sabizabulin showed a 55.2% reduction in deaths compared to placebo in hospitalized adult patients with moderate-severe COVID-19 who are at high risk for ARDS
- Sabizabulin also showed significant reduction of days in ICU, days on mechanical ventilation and days in the hospital
- Veru submitted a request for emergency use authorization to FDA in June 2022
- Veru plans to request that Health Canada utliize the NDS-CV (a prioritized, COVID specific review and authorization submission) through the ACCESS Consortium regulatory pathway
MONTREAL, Sept. 14, 2022 /PRNewswire/ - Valeo Pharma Inc. (TSX: VPH) (OTCQB: VPHIF) (FSE: VP2) ("Valeo" or the "Company"), a Canadian pharmaceutical company, announced today that it has entered into a Commercial Services Agreement with Veru Inc. (Veru) for sabizabulin for COVID-19 in Canada. Sabizabulin is a novel dual antiviral and anti-inflammatory agent being targeted for the treatment of hospitalized moderate-severe COVID-19 patients at high risk for acute respiratory distress syndrome (ARDS) and death.
"Provincial healthcare systems across the country are still battling with high numbers of COVID-19 hospitalized patients and related deaths. In a pivotal Phase 3 study, sabizabulin demonstrated a statistically significant and clinically meaningful 55.2% reduction in deaths compared to placebo. It also showed a significant reduction of days in ICU, days on mechanical ventilation and days in hospital," said Steve Saviuk, CEO, Valeo. "Veru plans to pursue an expedited review process with the Canadian healthcare authorities with the objective of making sabizabulin available in Canada at the earliest time possible."
The sabizabulin Phase 3 COVID-19 clinical trial was a double-blind, randomized, placebo-controlled trial conducted in 204 hospitalized COVID-19 patients with moderate to severe COVID (≥ WHO 4-supplemental oxygen) at high risk for ARDS and death. The primary endpoint was the proportion of deaths by Day 60. Patients in both treatment groups were allowed to receive standard of care treatment including remdesivir, dexamethasone, anti-IL6 receptor antibodies and JAK inhibitors. Based on a planned interim analysis of the first 150 patients randomized, the Independent Data Monitoring Committee unanimously halted the study for clear clinical efficacy and no safety concerns were identified. Treatment with sabizabulin 9 mg once daily, an oral, first-in-class, new chemical entity, microtubule disruptor that has dual anti-inflammatory and antiviral properties, resulted in a clinically meaningful and statistically significant 55.2% relative reduction in deaths compared to placebo. The results of the interim analysis of the Phase 3 COVID-19 study have been published in The New England Journal of Medicine (NEJM) Evidence.
In June 2022, Veru submitted a request for emergency use authorization to the US FDA. Veru will be working with Health Canada and plans to submit its application via the "NDS CV" submission type – which has been created for New Drug Submissions (NDSs) that seek approval on the basis of any of the specific requirements including COVID (CV). Veru will be requesting that Health Canada utilize the ACCESS Consortium regulatory pathway which supports increased harmonization across a number of global health authorities.
Veru is a biopharmaceutical company focused on developing novel medicines for COVID-19 and other viral and ARDS-related diseases and for the management of breast and prostate cancers.
The Company's late-stage breast cancer development portfolio comprises enobosarm, a selective androgen receptor targeting agonist, and sabizabulin. Veru's late-stage prostate cancer portfolio comprises sabizabulin, VERU-100, a long-acting GnRH antagonist, and zuclomiphene citrate, an oral nonsteroidal estrogen receptor agonist.
Valeo Pharma is a fast growing Canadian pharmaceutical company dedicated to the commercialization of innovative prescription products in Canada with a focus on Respiratory/Allergy, Ophthalmology and Hospital Specialty Products. Headquartered in Kirkland, Quebec Valeo Pharma has all the necessary capabilities and a complete infrastructure to register and manage its growing product portfolio through all stages of commercialization. For more information, please visit www.valeopharma.com and follow us on LinkedIn and Twitter.
This press release contains forward-looking statements about Valeo's objectives, strategies and businesses that involve risks and uncertainties. These statements are "forward-looking" because they are based on our current expectations about the markets we operate in and on various estimates and assumptions. Actual events or results may differ materially from those anticipated in these forward-looking statements if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate.
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SOURCE Valeo Pharma Inc. | https://www.kxii.com/prnewswire/2022/09/14/valeo-pharma-enters-into-canadian-commercial-services-agreement-with-veru-sabizabulin-hospitalized-adult-patients-with-covid-19-high-risk-acute-respiratory-distress-syndrome-ards/ | 2022-09-14T11:35:31Z |
NEW YORK, June 27, 2022 /PRNewswire/ -- Juan Monteverde, founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm rated Top 50 in the 2018-2021 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Epizyme, Inc. (EPZM), relating to its proposed acquisition by Ipsen S.A. via a tender offer. Under the terms of the agreement, EPZM shareholders will receive $1.45 in cash plus one contingent value right per share they own. Click here for more information: https://www.monteverdelaw.com/case/epizyme-inc. It is free and there is no cost or obligation to you.
We are a national class action securities litigation law firm that has recovered millions of dollars and is committed to protecting shareholders from corporate wrongdoing. We were listed in the Top 50 in the 2018-2021 ISS Securities Class Action Services Report. Our lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions. Mr. Monteverde is recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017-2021 Top Rated Lawyer. Our firm's recent successes include changing the law in a significant victory that lowered the standard of liability under Section 14(e) of the Exchange Act in the Ninth Circuit. Thereafter, our firm successfully preserved this victory by obtaining dismissal of a writ of certiorari as improvidently granted at the United States Supreme Court. Emulex Corp. v. Varjabedian, 139 S. Ct. 1407 (2019). Also, in 2019 we recovered or secured six cash common funds for shareholders in mergers & acquisitions class action cases.
If you own common stock in EPZM and wish to obtain additional information and protect your investments free of charge, please visit our website or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.
Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4405
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341
Attorney Advertising. (C) 2022 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.
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SOURCE Monteverde & Associates PC | https://www.mysuncoast.com/prnewswire/2022/06/28/shareholder-alert-mampa-class-action-firm-announces-an-investigation-epizyme-inc-epzm/ | 2022-06-28T02:46:00Z |
BATON ROUGE, La. (BRPROUD) – The Southern University Jaguars will be among the featured football games on the free-streaming digital platform, HBCU GO.
Owned by the Byron Allen’s Allen Media Group, HBCU GO games will also air on group-owned television stations including Nexstar Media Group, which owns WGMB Fox 44 in Baton Rouge.
“Allen Media Group is thrilled that the CBS O&O stations have joined our excellent group of broadcast television station partners to increase the reach of HBCU GO’s high-quality sports programming,” said Byron Allen, Founder/Chairman/CEO of Allen Media Group. “We are proud to amplify these amazing athletes and HBCUs, while at the same time helping to finance the education of these young adults. Now sports fans across the country will have access to best-in-class games from America’s HBCUs.”
The 2022 HBCU football schedule can be found below.
- Sept. 10 Albany State at Florida A&M
- Sept. 17 Southern vs. Texas Southern
- Sept. 24 Arkansas-Pine Bluff at Alcorn State
- Oct. 1 Grambling State vs. Prairie View A&M
- Oct. 8 Grambling State at Alabama A&M
- Oct. 15 Florida A&M at Grambling State
- Oct. 22 Bethune-Cookman at Mississippi Valley State
- Oct. 29 Arkansas-Pine Bluff at Florida A&M
- Nov. 5 Alabama State at Bethune-Cookman
- Nov. 12 Bethune-Cookman at Alcorn State
- Nov. 19 Texas Southern at Alabama A&M | https://cw33.com/news/southern-vs-texas-southern-football-game-to-air-on-hbcu-go/ | 2022-09-13T15:30:08Z |
NEW YORK, April 18, 2022 /PRNewswire/ -- Global law firm Ropes & Gray today announced that Daniel Forman has joined the firm's 500-lawyer New York office as a partner in the capital markets practice. Daniel's arrival deepens the firm's bench of partners who advise leading corporate issuers, private equity firms and investment banks on their largest and most complex securities work.
Law360 named Ropes & Gray a 2021 "Capital Markets Practice Group of the Year." Last year, Ropes & Gray steered clients in nearly 150 public offerings that raised an aggregate of more than $55 billion, and closed on 78 IPOs totaling over $30 billion.
"Daniel's deep client experience complements our capital markets practice, recognized as among the best in the world," said Julie Jones, chair.
Daniel represents issuers, sponsors, investors and underwriters in a broad range of capital markets transactions, including IPOs, secondary equity offerings, debt offerings, tender offers, debt restructurings and private placements, as well as advising on corporate governance, securities law compliance, and general corporate matters.
Daniel is a member of the Securities Regulation Committee of the New York City Bar Association and has served as an adjunct professor of law at the Benjamin N. Cardozo School of Law, teaching an upper-level contract drafting course and assisting with professional skills development programs.
"Ropes & Gray's capital markets lawyers had two consecutive years of record-setting activity levels executing some of the most complex transactions in the market. Daniel is known to handle challenging and complex transactions for clients. He will enhance our ability to deliver these results for our clients," said managing partner David Djaha.
"Daniel is a versatile capital markets partner with significant experience leading issuers and underwriters in a broad range of transactions across industry sectors," said Paul Tropp, co-head of the firm's capital markets practice. "He also brings significant experience in the specialty finance market, counseling clients in transactions involving PIPEs, real estate investment trusts, registered direct offerings and business development companies."
"Ropes & Gray's award-winning capital markets group is known for market-leading deals," Daniel said. "I'm excited to join a growing practice and collaborate with attorneys in adjacent practices across the firm."
Daniel is one of seven partners to join Ropes & Gray in New York in 2022. Already this year, the firm welcomed capital markets partner Faiza Rahman, IP transactions partner Edward Sadtler, M&A partner Suni Sreepada, asset management partner Jennifer Graff, employee benefits and executive compensation partner Richard Kidd and finance partner Christopher Poggi.
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SOURCE Ropes & Gray | https://www.kxii.com/prnewswire/2022/04/18/daniel-forman-joins-ropes-amp-gray-new-york-partner-capital-markets-practice/ | 2022-04-18T18:43:25Z |
CHANGZHOU, China, May 16, 2022 /PRNewswire/ -- Based on the financial statements of leading module manufacturers, several authoritative organizations have ranked the global PV and smart energy total solutions provider Trina Solar second worldwide in its shipments of 8GW modules. This is consistent with findings by PV InfoLink, an authoritative PV analysis agency, and PV-Tech, a world-renowned PV media outlet, which ranked global module shipments last year and had Trina Solar in second spot. The company says that this year it expects to hold its ranking by shipping modules totaling 43GW.
Industry analysts say the high-reliability, high power, low-LCOE 210 modules that Trina Solar pioneered and that have become the mainstream of the industry have helped it in its great success. G12-210 Vertex technology has been widely accepted by the whole industry. Global shipments of 210 modules rose sharply last year, to 26GW, media reports say, and of these shipments Trina Solar contributed 16GW, putting it in first place. By March cumulative shipments of 210 modules had soared to surpass 35GW shipments. With the PV industry leaping into the 600W+ era, industry chain collaboration has become smoother, inverters and trackers are fully compatible with 210 modules, 600W+ ecology is more mature, and the production capacity and shipment of 210 high power modules will continue to rise.
Trina Solar has won international recognition for its product reliability and brand bankability many times. By last year it had been named Top Performer, as certified by PVEL, the leading independent PV test laboratory, for seven consecutive years. It has also scored 100% in the BNEF Bankability Survey, ranked as the top bankable module supplier for six consecutive years, and rated as a tier 1 manufacturer of BNEF PV modules in the fourth quarter last year.
SOURCE Trina Solar Co., Ltd | https://www.mysuncoast.com/prnewswire/2022/05/16/trina-solar-keeps-second-spot-global-module-shipments-first-quarter/ | 2022-05-16T08:06:23Z |
Poll: Title IX a mystery for high school students, parents
By KARA NEWHOUSE / Howard Center for Investigative Journalism
Howard Center for Investigative Journalism
COLLEGE PARK, Md. (AP) — An Ipsos poll shows that 50 years after Title IX was passed to ensure gender equity in education that students ages 12-17 and their parents know little about the law. The poll was done for the Shirley Povich Center for Sports Journalism and the Howard Center for Investigative Journalism at the University of Maryland in March. It found people overwhelmingly believe boys and girls should be treated equally but most did not know if their school had a procedure to handle Title IX complaints. The law relies on parents and students to report violations. | https://localnews8.com/sports/ap-national-sports/2022/04/12/poll-title-ix-a-mystery-for-high-school-students-parents/ | 2022-04-12T19:50:05Z |
Landmark legislation is a critical step toward resilience as the West faces historic drought, also includes essential support for farmers & climate-smart agriculture, support for tribal nations working for climate resilience, and coastal restoration efforts
WASHINGTON, Aug. 12, 2022 /PRNewswire/ -- The Walton Family Foundation today lauded House passage of the largest climate change investment in U.S. history through the Inflation Reduction Act, which President Biden is expected to quickly sign into law.
Moira Mcdonald, Director of the Walton Family Foundation's Environment Program, issued the following statement:
"The challenges of climate change have and will continue to impact every aspect of our lives. Government, business, tribal nations, philanthropy, advocates, and others will all need to build on this historic investment together to continue to build momentum for a more resilient future."
"Americans experience climate change each day through water - in the form of droughts, floods, mega-storms, and wildfires. This legislation includes critical funding to help find solutions to the Western water crisis, and support for tribal nations as they adapt to climate change. It also includes support for farmers as they work to feed a growing population, while also protecting soil and water. These are important examples of what it looks like when we work for progress and find solutions so that people and nature can thrive together."
Recent polling, conducted by Morning Consult, shows a majority of Americans agree climate change will alter important aspects of life in the U.S. like agriculture (76% total, 89% Democrats, and 61% Republicans), water resources (76% total, 90% Democrats, and 59% Republicans) and the economy (71% total, 87% Democrats, and 55% Republicans). The same poll also shows 73% of Americans are worried about climate change and water scarcity, with at least three-in-five voters saying that drought, increased temperatures, wildfires, extreme weather, and flooding are a product of climate change's effect on water resources.
The Walton Family Foundation is, at its core, a family-led foundation. Three generations of the descendants of our founders, Sam and Helen Walton, and their spouses, work together to lead the foundation and create access to opportunity for people and communities. We work in three areas: improving K-12 education, protecting rivers and oceans and the communities they support, and investing in our home region of Northwest Arkansas and the Arkansas-Mississippi Delta. To learn more, visit waltonfamilyfoundation.org and follow us on Facebook, Twitter and Instagram.
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SOURCE Walton Family Foundation | https://www.wibw.com/prnewswire/2022/08/12/walton-family-foundation-lauds-passage-largest-climate-change-investment-american-history/ | 2022-08-12T23:34:51Z |
Austin-based company ranks No. 22 among behavioral health companies appearing on the 2022 list
AUSTIN, Texas, Aug. 30, 2022 /PRNewswire/ -- Inc. magazine recently revealed that Iris Telehealth, a leading provider of telepsychiatry services for health systems and community health centers across the U.S., was included on its annual Inc. 5000 list, the most prestigious ranking of the nation's fastest growing private companies. The ranking reflects a three-year revenue growth of 109% and marks the company's second appearance on the annual list, having made its debut at No. 397 in 2020.
"We're honored to once again be recognized by Inc. Magazine as one of America's fastest growing companies," said Andy Flanagan, CEO of Iris Telehealth. "Since our founding in 2013, our mission has been to expand high-quality virtual behavioral health services to those who need it most. This recognition is a testament to that mission and the dedication of our team in making it a reality."
Iris Telehealth has grown exponentially over the last 18 months as healthcare organizations seek to provide timely, quality behavioral health care to their patients. The company's combination of high-quality providers, best-in-class support, expertise in optimizing care models, and technology has enabled customers to reimagine how behavioral health services are provided across the continuum of care.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at http://www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine.
The companies on the 2022 Inc. 5000 have not only been successful, but also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500 companies on the list, the average median three-year revenue growth rate soared to 2,144%. Together, those companies added more than 68,394 jobs over the past three years.
"The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated," says Scott Omelianuk, editor-in-chief of Inc. "We're thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today."
Iris Telehealth helps healthcare organizations consistently increase access to quality mental healthcare for their patients by providing the clinicians, staff support, and knowledge to build a sustainable telepsychiatry department. With clinical grounding and emphasis on human relationships, Iris Telehealth identifies best-fit providers for each unique organization and ensures long-term commitment to meeting their partner's needs, allowing them to provide the highest quality care to their patients and community. For more information, please visit iristelehealth.com.
Media Contact:
Yancey Casey
Amendola Communications on behalf of Iris Telehealth
(678) 895-9401
ycasey@acmarketingpr.com
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SOURCE Iris Telehealth | https://www.wibw.com/prnewswire/2022/08/30/iris-telehealth-earns-spot-annual-inc-5000-list-americas-fastest-growing-private-companies/ | 2022-08-30T12:53:40Z |
Woman dies after fall in Rocky Mountain National Park
By KCNC Staff
Click here for updates on this story
ROCKY MOUNTAIN NATIONAL PARK, Colorado (KCNC) — A 21-year-old woman fell into Adams Falls in Rocky Mountain National Park on Thursday. She did not survive.
The woman was from Virginia, Illinois. She fell into Adams Falls which is located on the East Inlet Trail on the west side of the park.
Grand County Sheriff’s Office, Grand County EMS, Grand County Search and Rescue, and Grand Lake Fire assisted the park in recovering her body on Thursday evening.
Her name has not been released.
According to RMNP, Park visitors are reminded to remain back from the banks of streams, rivers and waterfalls, especially during spring runoff. Rocks at streamside are often slippery. Water is extremely cold and can be deceivingly deep and swift. Always provide proper supervision for children, who by nature, tend to be attracted to water. Powerful currents can quickly pull a person underwater.
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/2022/05/20/woman-dies-after-fall-in-rocky-mountain-national-park/ | 2022-05-20T21:00:31Z |
CLEVELAND, July 26, 2022 /PRNewswire/ -- The foodservice and carryout market for folding cartons is expected to expand much more quickly than average through 2026, finds a new Freedonia Group analysis. The importance of takeout and delivery - including online orders, which surged during the COVID-19 pandemic – will be a key driver of growth.
While consumer interest in sustainability is boosting use of paper folding cartons (which are seen as recyclable and biodegradable) in place of single-use plastics, sealable plastic packaging continues to provide strong competition for some foodservice items, as consumers are most concerned that their food arrives intact and plastic containers have higher leak resistance than cartons.
Demand for folding cartons is expected to grow 1.8% per year through 2026 to $12.8 billion. Food and beverage applications will remain the largest outlet, boosted by growth in food production and increasing spending at big-box retail stores and wholesale warehouses, which commonly use these types of cartons to package larger or bulk amounts of food and beverage products. However, declining consumption of carbonated soft drinks and breakfast cereals, commonly packaged in folding cartons, will limit stronger gains.
The foodservice market will grow at an above average rate, supported by the continuing recovery in the foodservice sector and the continued popularity of takeout and delivery services following a surge in demand during the COVID-19 pandemic.
Folding Cartons provides historical (2011, 2016, and 2021) data and forecasts to 2026 and 2031 are presented in current dollars and tons by market.
Markets:
- food and beverages:
- nondurable (nonfood) goods
- durable goods
- foodservice and carryout
- moving, storage, and other nonmanufacturing markets
About the Freedonia Group - The Freedonia Group, a division of MarketResearch.com, is the premier international industrial research company, providing our clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. With over 100 studies published annually, we support over 90% of the industrial Fortune 500 companies. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.
Press Contact:
Corinne Gangloff
+1 440.842.2400
cgangloff@freedoniagroup.com
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SOURCE The Freedonia Group | https://www.wibw.com/prnewswire/2022/07/26/among-folding-carton-applications-foodservice-is-forecast-see-fastest-gains-through-2026/ | 2022-07-27T00:18:29Z |
WASHINGTON, Aug. 2, 2022 /PRNewswire/ -- Mounting opposition to the proposed Food and Drug Administration (FDA) ban on menthol cigarettes, flavored cigars and vapes has broad support, and Menthol Is Not a Crime is highlighting discrimination and other reasons why leaders have voiced their concern prior to the end of the FDA comment period on August 2.
Since 85% of menthol smokers are Black, many in the community oppose the ban– not because they encourage smoking, but because of the unintended consequences of making anything illegal that a preponderance of a historically discriminated against group uses without criminal justice reform.
"When you ban a product sold mostly in black communities… but do not have the same ban in other communities, you must consider… the reality of what will happen to that very same overrepresented community in the criminal justice system," wrote the family members of police brutality victims and The Mothers of the Movement Members, Gwen Carr (mother of Eric Garner), Sybrina Fulton (mother of Trayvon Martin) and Philonise Floyd (brother of George Floyd).
Others, like Dr. Benjamin F. Chavis, Jr., President of the National Newspaper Publishers Association (NNPA) believe that the ban will likely, "...exacerbate existing, simmering issues around Stop and Frisk, racial profiling, discrimination, and policing."
According to the American Civil Liberties Union (ACLU), "... any prohibition on menthol and flavored tobacco products promises continued over-criminalization and mass incarceration of people of color. A ban on menthol and flavored tobacco products could reintroduce many of the harms imposed by the failed war on drugs as lawmakers work to legalize cannabis and take a public health approach to opioids."
The economic implications of such a ban will also disproportionately hurt Black farmers and jobs.
John Boyd, President of the National Black Farmers Association said, "This menthol ban will most certainly ensure there will not be a seventh generation of Black farmers in their families. Even worse, the Biden menthol ban will make my family's longest enduring tradition a gateway for our future incarceration. The Biden menthol ban will kill Black farming in America."
Thomas Briant, Executive Director of the National Association of Tobacco Outlets points out the ban will lead to, "significant revenue declines and lost jobs."
We must tell the FDA to continue with education, treatment and counseling to stop smoking, not criminalization. Visit www.mentholisnotacrime.com to comment on the FDA website by August 2.
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SOURCE Menthol Is Not A Crime | https://www.mysuncoast.com/prnewswire/2022/08/02/time-is-running-out-stop-fdas-potential-racial-profiling/ | 2022-08-02T15:59:08Z |
Company Climbs to Number 30 on Annual List
HERNDON, Va., June 6, 2022 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it was ranked 30th on CRN's 2022 Solution Provider (SP) 500 List. CRN's annual SP 500 list ranks North America's largest solution providers by revenue and services as the gold standard for recognizing some of the channel's most successful companies.
ePlus enables its customers to leverage a broad portfolio of advanced technology solutions across its key focus areas—security, cloud, data center, networking, collaboration and emerging technologies—that enhances their ability to operate with agility in support of their business goals. From consultative assessments and advisement to strategy and implementation, ePlus provides local support, long-term service, flexible payment options and deep collaborative partnerships with leading technology providers that gives its customers a path to achieving more from their technology investments.
"Our high ranking on the SP 500 list is a testament to the powerful technology solutions we provide our customers and also of our ability to help them maximize the benefits and returns they realize from those investments," said Mark Marron, CEO and president of ePlus. "Digital transformation and evolution of the enterprise are at the core of every ePlus conversation, and our expansive technology portfolio is strategically built around solutions and services that touch every part of the spectrum."
"The Solution Provider 500 list from CRN serves as the benchmark for the top technology integrators, strategic service providers, and IT consulting firms, making it an invaluable resource for technology vendors seeking to partner with today's top-performing IT solution providers," said Blaine Raddon, CEO of The Channel Company. "My congratulations go out to each of these companies for their extraordinary contributions to the continued growth and success of the IT channel."
CRN's 2022 Solution Provider 500 list is available online at www.CRN.com/SP500 and a sample from the list will be featured in the June issue of CRN Magazine.
ePlus is a leading consultative technology solutions provider that helps customers imagine, implement, and achieve more from their technology. With the highest certifications from top technology partners and lifecycle services expertise across key areas including security, cloud, data center, collaboration, networking and emerging technologies, ePlus transforms IT from a cost center to a business enabler. Founded in 1990, ePlus has more than 1,500 associates serving a diverse set of customers in the U.S., Europe, and Asia-Pac. The Company is headquartered at 13595 Dulles Technology Drive, Herndon, VA, 20171. For more information, visit www.eplus.com, call 888-482-1122, or email info@eplus.com. Connect with ePlus on Facebook, LinkedIn, Twitter and Instagram. ePlus, Where Technology Means More®.
ePlus®, Where Technology Means More®, and ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries. The names of other companies, products, and services mentioned herein may be the trademarks of their respective owners.
Statements in this press release that are not historical facts may be deemed to be "forward-looking statements." Actual and anticipated future results may vary materially due to certain risks and uncertainties, including, without limitation, the duration and impact of COVID-19 and the efficacy of vaccine roll-outs, which could materially adversely affect our financial condition and results of operations and has resulted worldwide in governmental authorities imposing numerous unprecedented measures to try to contain the virus that has impacted and may further impact our workforce and operations, the operations of our customers, and those of our respective vendors, suppliers, and partners; national and international political instability fostering uncertainty and volatility in the global economy including an economic downturn, an increase in tariffs or adverse changes to trade agreements, exposure to fluctuation in foreign currency rates, interest rates and downward pressure on prices; our ability to successfully perform due diligence and integrate acquired businesses; the possibility of goodwill impairment charges in the future; reduction of vendor incentive programs; significant adverse changes in, reductions in, or losses of relationships with one or more of our largest volume customers or vendors; the demand for and acceptance of, our products and services; our ability to adapt our services to meet changes in market developments; our ability to implement comprehensive plans to achieve customer account coverage for the integration of sales forces, cost containment, asset rationalization, systems integration and other key strategies; our ability to reserve adequately for credit losses; our ability to secure our electronic and other confidential information or that of our customers or partners and remain secure during a cyber-security attack; future growth rates in our core businesses; our ability to protect our intellectual property; the impact of competition in our markets; the possibility of defects in our products or catalog content data; our ability to adapt to changes in the IT industry and/or rapid change in product standards; our ability to realize our investment in leased equipment; our ability to hire and retain sufficient qualified personnel; and other risks or uncertainties detailed in our reports filed with the Securities and Exchange Commission. All information set forth in this press release is current as of the date of this release and ePlus undertakes no duty or obligation to update this information.
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SOURCE ePlus inc. | https://www.kxii.com/prnewswire/2022/06/06/eplus-recognized-crns-2022-solution-provider-500-list/ | 2022-06-06T12:53:40Z |
Company's first employee donation match program part of expanded food insecurity relief commitment
DOWNERS GROVE, Ill., June 6, 2022 /PRNewswire/ -- Instant Brands, maker of consumer favorites like Instant Pot® and Pyrex®, expanded its commitment to addressing food insecurity with a $50,000 direct donation to World Central Kitchen, a not-for-profit organization on the frontlines of humanitarian efforts in Ukraine. The donation will allow WCK to provide 250,000 meals to refugee families and those who remain inside the borders of Ukraine.
"Our hearts break for the Ukrainian people who continue to experience the unimaginable. We're inspired by the extraordinary work of Chef José Andrés and World Central Kitchen, and felt compelled to help in some way," said Ben Gadbois, President and CEO of Instant Brands. "I'm proud of our employees and grateful to everyone who loves our products. Their collective support helps us nourish communities in need and live out our Made for Together commitment, every day."
Instant Brands' donation to World Central Kitchen was funded with 100 percent of proceeds from the sale of a limited-edition Ukraine Pyrex bowl, plus the first-ever employee charitable donation match program.
World Central Kitchen is a non-profit organization that provides fresh meals in response to crises, while working to build resilient food systems with locally led solutions. The company selected WCK because of its shared commitment to food insecurity efforts, and WCK's decade-plus track record of crisis response. In response to the crisis in Ukraine, WCK has served more than 25 million meals to families in Ukraine, Poland, Romania, Moldova, Hungary, Slovakia, Spain, and Germany.
"We're grateful for Instant Brands' generosity as we continue to serve thousands of fresh meals daily to residents and refugees in the region," said Maggie Leahy, Director, Donor Relations, World Central Kitchen.
Instant Brands encourages everyone to learn more about World Central Kitchen and ways to help by visiting https://wck.org. Additional information about Instant Brands' commitment to addressing food insecurity and broader sustainable development efforts is available at https://corporate.instantbrands.com/impact/.
Founded in 2010 by Chef José Andrés, World Central Kitchen (WCK) is first to the frontlines, providing meals in response to humanitarian, climate, and community crises while working to build resilient food systems with locally led solutions. WCK has served more than 70 million fresh meals to people impacted by natural disasters and other crises around the world. WCK's Resilience Programs strengthen food and nutrition security by training chefs and school cooks; advancing clean cooking practices; and awarding grants to farms, fisheries, and small food businesses while also providing educational and networking opportunities. Learn more at https://wck.org/.
Instant Brands designs, manufactures and markets a global portfolio of innovative and iconic consumer lifestyle brands: Instant®, Pyrex®, Corelle®, Corningware®, Snapware®, Chicago Cutlery®, ZOID® and Visions.® With people-first and purpose-driven solutions in mind, Instant Brands is reimagining how people live, eat, connect, and play inside the home—and in the spaces where people gather. The Cornell Capital-backed company is headquartered in Downers Grove, Ill., and employs more than 2,000 people across four continents. Today, Instant Brands' products are in millions of homes worldwide. For more information visit Instant Brands or join the community at LinkedIn, Instagram, and Facebook.
Media Contact:
media@instantbrands.com
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SOURCE Instant Brands | https://www.wibw.com/prnewswire/2022/06/07/instant-brands-donates-50000-world-central-kitchen-ukraine-support/ | 2022-06-07T01:47:04Z |
- The Broadway Exchange will give fans a new way to connect with their favorite artists, actors and creators through authorized, exclusive digital collectibles and real-world, behind-the-scenes experiences.
- Ninety percent of profits from the sales of these collectibles will go back to the shows and be shared with actors, writers, directors, designers and other members of the creative community.
- The launch will feature three inaugural NFT collections available for sale over the coming days: the first NFTs ever created for Broadway Cares/Equity Fights AIDS, the leading theatre non-profit organization dedicated to raising funds for over 450 service organizations across the globe, the first NFTs for May We All, a new country musical created by Brian Kelley of Florida Georgia Line, and the first NFTs for the Off-Broadway hit Stranger Sings the Parody Musical.
- Broadway's Girl from the North Country, West End London's 2:22 A Ghost Story and Bonnie & Clyde, and the non-profit organization Broadway for Arts Education have also selected The Broadway Exchange as their exclusive NFT partner. Their collections will be coming soon.
NEW YORK, May 23, 2022 /PRNewswire/ -- MuseWorks Labs is a new theatre IP company founded by Tony Award-winning Broadway producers Sue Gilad and Larry Rogowsky and a team of founding partners with deep experience running companies, developing marketing and advertising campaigns and producing award-winning film and television shows. MuseWorks partners with the theatre community to create, promote and sell compelling digital collectibles and amazing experiences that build deeper connections between fans and creators. The company is committed to helping theatre thrive in the digital economy so that it can be more inclusive, resilient and equitable.
Today, MuseWorks is launching The Broadway Exchange (www.bwayx.com), the premiere marketplace for digital collectibles, connections and real-world experiences for theatre fans. Leveraging web3 and NFTs, The Broadway Exchange will bring the magic of theatre to life for millions of fans around the world.
"Broadway fans are passionate, engaged and highly dedicated to their favorite shows – both iconic productions and the latest in cutting-edge theatre," said Ron Guirguis, CEO of MuseWorks Labs. "They want more ways to connect with the shows they love and to express their passion, but until now they've had little opportunity to do so. We're filling that gap – providing fans with opportunities to create deeper connections with the theatre community by offering exclusive experiences and digital collectibles that they can buy, sell and share with other fans."
The Broadway Exchange builds on the tradition of theatre merchandise by creating authorized digital collectibles crafted from the IP of production partners. Each collection is unique, drawing on the scenes, songs, costumes and set designs of partner shows. These collectibles offer more than a pretty image or song – they include features and benefits that fans love, such as access to free tickets, behind-the-scenes events and meet and greets with artists, actors and writers.
"We help fans own a piece of their favorite shows," Guirguis said.
According to Sue Gilad, president of MuseWorks Labs, the timing of the launch couldn't be better. "The past two years of the pandemic have been brutal for live theatre," Gilad said. "We believed we needed a better way to help the theatre community build something long-lasting that could keep productions alive, help fund future projects and help make the economics of theatre more resilient and equitable for everyone. The Broadway Exchange is the right idea at the right time."
Theatre producers agree. May We All: A New Country Musical which opens in Nashville in June, was one of the first partners on board. Michael Barra, May We All's executive producer said, "Our show features both the music from some of country's biggest stars as well as the performances of some of Broadway's favorite stars. Theatre fans and country music fans are among the most passionate out there, and this allows us to provide special collectible moments for both. We're confident that our audiences will want new and exciting ways to commemorate and celebrate their favorite moments from May We All by collecting our NFTs."
Broadway Cares/Equity Fights AIDS, which is the philanthropic heart of Broadway, was also an early partner of The Broadway Exchange. "Broadway Cares/Equity Fights AIDS is committed to working with everyone in the theater community - those onstage, behind the scenes and in the audience - to support organizations across the country that help those living with HIV/AIDS, battling COVID and facing other debilitating illnesses," said Tom Viola, executive director of Broadway Cares/Equity Fights AIDS. "We are excited to partner with The Broadway Exchange to explore these cutting-edge opportunities to connect with theater fans while continuing vital support that provides meals and medication, health care and hope to so many."
The nonprofit is partnering with The Broadway Exchange to create Broadway Cares-specific digital collectibles, starting with a series promoting Broadway Backwards, the annual fundraiser taking place on May 23 at the New Amsterdam Theatre.
In addition, Broadway Cares will share in the proceeds of the sales of all NFTs on The Broadway Exchange, regardless of the show or production. This is part of The Broadway Exchange's commitment to caring for the community. In total, 3% of all gross sales will be donated to charitable organizations, including Broadway Cares and The Entertainment Community Fund (formerly known as The Actors Fund).
The Broadway Exchange's commitment to the community is also reflected in its approach to sustainability. The company partnered with white-label NFT marketplace provider Xooa to build The Broadway Exchange and to mint its NFTs for theatre on an environmentally sustainable chain (max 10g of carbon for the life of each NFT). In addition, The Broadway Exchange is buying carbon offsets to ensure that every collectible it sells will be 100% carbon neutral.
Supporting those who make live theatre happen is central to The Broadway Exchange's mission. That is why ninety percent of the profits of all sales made through The Broadway Exchange will go to the shows and be shared directly with actors, writers, directors, designers and other members of the creative community. And because of the power of NFTs, the creative community will continue to benefit from secondary sales of NFTs through royalties that pay creators every time the collectible is sold.
Providing additional financial support to those pursuing their careers in live theatre could potentially be a lifeline for many artists. Tony-nominated Broadway actor Jeannette Bayardelle is a founding member of The Broadway Exchange's Creative Council, which provides advice, input and guidance from the creator's perspective. She has long supported financial literacy for artists through her organization From Broadway to Wall Street.
"To truly support Broadway, we must help support the Broadway community," Bayardelle said. "By providing a revenue stream that will exist long after the curtains close, The Broadway Exchange is leveraging new technology and innovations to demonstrate their commitment to us. I'm thrilled to be part of this exciting new journey."
For more information about MuseWorks, please contact Jacquelyn Grant by email at jacquelyn@thetascgroup.com or by phone at 202-813-5360.
About MuseWorks Labs
MuseWorks Labs is digital collectibles company dedicated to helping live theatre thrive in the digital economy so that everyone benefits. We partner with the theatre community to create, promote and sell compelling digital collectibles and amazing experiences that build deeper connections between fans and creators. Fans can purchase these unique assets on The Broadway Exchange. The Broadway Exchange marketplace is powered by blockchain technology provider, Xooa, which specializes in building white-label NFT marketplaces for brands and IP owners.
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SOURCE MuseWorks Labs | https://www.mysuncoast.com/prnewswire/2022/05/23/museworks-labs-announces-launch-broadway-exchange-premiere-marketplace-digital-collectibles-connections-real-world-experiences-theatre-fans/ | 2022-05-23T14:01:00Z |
PITTSBURGH, Aug. 1, 2022 /PRNewswire/ -- "This is a new device for campers, farmers, homeowners, etc. It would allow an individual to access ground or well water in a quick and easy manner, which would enhance convenience" said inventor from Portland, OR "I wanted to make a device for a single person to use, that could give water to them from the ground or a well so I came up with Bucket 2 O."
Innovative new product that would allow an individual to quickly and easily bore into the ground to locate and access well/ground water. Ideal for use among individuals who have homesteads in rural areas, as well as among campers, farmers, etc. This could also be used by humanitarian and relief agencies in parts of the world where fresh drinking water is not readily available or difficult to access.
The original design was submitted to the Portland sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-PTA-115, 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/2022/08/01/inventhelp-inventor-develops-easy-water-pta-115/ | 2022-08-01T14:32:11Z |
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Polygon's ground-breaking development of zkEVM is set to dramatically improve the experience of using and building with Ethereum by providing scalability and lower transaction costs, an exciting step towards greater adoption of Web3 technology.
DUBAI, UAE, July 20, 2022 /PRNewswire/ -- Polygon, the leading Web3 infrastructure used by some of the world's biggest companies including Meta, Stripe & Reddit, today announces the launch of Polygon zkEVM, the first Ethereum-equivalent scaling solution that works seamlessly with all existing smart contracts, developer tools, and wallets, harnessing advanced cryptography called zero-knowledge proofs.
Polygon zkEVM is fundamentally equivalent to the Ethereum Virtual Machine (EVM) itself and fully benefits from all of Ethereum's ecosystem. EVM-equivalence is different from EVM-compatibility because it creates less user friction, removing the need for any kind of modification or re-implementation of code.
Up until recently, some of the greatest minds in Web3 believed that this technology would take up to 10 years to realize. This announcement represents a breakthrough in cryptographic research that empowers developers to build the future of Web3.
Polygon zkEVM, which stands for zero-knowledge Ethereum Virtual Machine, leverages the power of zero-knowledge (ZK) proofs to reduce transaction costs and greatly increase throughput, all while inheriting the security of Ethereum. The ZK proof technology works by batching transactions into groups, which are then relayed to the Ethereum Network as a single, bulk transaction. The 'gas fee' for the single transaction is then split between all the participants involved, dramatically lowering fees.
For developers of payment and DeFi applications, Polygon zkEVM's high security and censorship resistance makes it a more attractive option than other Layer 2 scaling solutions. Unlike Optimistic roll-ups where users have to wait for as long as seven days for deposits and withdrawals, zk-Rollups offer faster settlement and far better capital efficiency.
The system also enables easy migration of decentralized applications (dApps) that exist on chains compatible with Ethereum Virtual Machine to zkEVM, where EVM equivalence and Ethereum network effects provide distinct advantages to developers. Using programming languages, such as Solidity and toolset like Metamask, Hardhat, Truffle, and Remix, with which they are already familiar, developers can migrate dApps by simply switching nodes. This also makes Polygon zkEVM ideally suited for the seamless creation of NFTs, new gaming technologies and enterprise applications. Existing Polygon dApps can migrate very easily to zkEVM with minimal support.
"The holy grail of Web3 infrastructure should have three major properties: scalability, security and Ethereum-compatibility" said Mihailo Bjelic, co-founder of Polygon. "Until now, it has not been practically possible to offer all these properties at once. Polygon zkEVM is a breakthrough technology that finally achieves that, thus opening a new chapter of mass adoption."
The introduction of Polygon zkEVM opens possibilities for the world's most vibrant blockchain developer community to further innovate and build the future of Web3. They can continue to use the same code, tooling, apps and smart contracts that they use on Ethereum, but with much higher throughput and lower fees.
"Many believed that a zkEVM was years away, or not practical or competitive,'" Jordi Baylina, co-founder of Polygon Hermez, recalled the feedback after the team's presentation at EthCC Paris in July 2021. "No one believed in us, but Polygon did."
One month on from the presentation, Polygon published the Zero Knowledge Thesis and announced its merger with Hermez Network (now Polygon Hermez), embarking on a journey to become a ZK powerhouse. As part of its commitment to ZK-related initiatives, it announced Polygon Nightfall, a privacy-focused rollup built in collaboration with EY in August of 2021, adding Polygon Miden in November and Polygon Zero in December of the same year.
Now, Polygon estimates that its ZK 'Rollup' approach is able to reduce fees by 90% compared to current costs on the Layer 1 Ethereum chain. A future configuration of off-chain data availability will be able to reduce the fees further. With the proving system breakthroughs pioneered by Polygon Zero and with technical contributions from both Zero and Miden in its zkProver, Polygon zkEVM can now achieve full EVM equivalence and scalability with a speed that has never been accomplished before.
Polygon has released part of the source code and roadmap for zkEVM, with its public testnet expected later this summer and mainnet launch planned for early 2023.
- Zero-Knowledge Proof or zk roll-up uses advanced cryptography, and this cryptography validates that computation is done in the correct way following certain rules.
- Polygon zkEVM is a Layer 2 scaling solution that enables developers to execute arbitrary transactions, including smart contracts off-chain rapidly and inexpensively while keeping all proofs and data provenance on the secure Ethereum blockchain.
- The Ethereum Virtual Machine, or EVM, executes smart contracts.
- A node is one of a number of devices that run a blockchain protocol.
- Layer 2 refers to blockchains built on top of a base blockchain layer which is known as Layer 1.
Polygon is the leading blockchain development platform, offering scalable, affordable, secure, and sustainable blockchains for Web3. Its growing suite of products offers developers easy access to major scaling solutions including L2 (ZK Rollups and Optimistic Rollups), sidechains, hybrid, stand-alone and enterprise chains, and data availability. Polygon's scaling solutions have seen widespread adoption with 19,000+ decentralized applications hosted, 1.6B+ total transactions processed, 142M+ unique user addresses, and $5B+ in assets secured. Polygon is carbon neutral with the goal of leading the Web3 ecosystem in becoming carbon negative.
If you're an Ethereum Developer, you're already a Polygon developer! Leverage Polygon's fast and secure txns for your dApp, get started here.
Website | Twitter | Ecosystem Twitter | Developer Twitter | Studios Twitter | Telegram | LinkedIn | Reddit | Discord | Instagram | Facebook
Media Contact
Jillian Rhinehart
polygon@nextpr.com
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SOURCE Polygon | https://www.kxii.com/prnewswire/2022/07/20/polygon-announces-worlds-first-zero-knowledge-zk-scaling-solution-fully-compatible-with-ethereum/ | 2022-07-20T12:35:30Z |
LOS ANGELES, June 28, 2022 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Enochian Biosciences, Inc. ("Enochian Biosciences" or "the Company") (NASDAQ: ENOB) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. The DOJ announced the arrest of Enochian Biosciences co-founder and inventor Serhat Gumrukçu on May 25, 2022, during trading hours. Gumrukçu faces charges in a murder-for-hire conspiracy. Based on this news, shares of Enochian Biosciences plummeted by 37% on the same day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com
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SOURCE The Schall Law Firm | https://www.mysuncoast.com/prnewswire/2022/06/28/investigation-reminder-schall-law-firm-encourages-investors-enochian-biosciences-inc-with-losses-100000-contact-firm/ | 2022-06-28T08:55:38Z |
PITTSBURGH, June 24, 2022 /PRNewswire/ -- "I thought there should be a simple way for a musician or singer to produce the tones and sounds of various musical instruments," said an inventor, from Danville, Ill., "so I invented the ANTI- PRODUCER. My design enables you to create and record music whenever inspiration strikes."
The patent-pending invention provides an effective way to create and record music without instruments. In doing so, it eliminates the need to purchase a drum machine, mixer, etc. It also saves time and effort and it could make the creative process easier and more convenient. The invention features a compact design that is easy to use so it is ideal for singers, musicians, music hobbyists, etc. Additionally, it is producible in design variations.
The original design was submitted to the Chicago sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-SGM-126, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com.
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SOURCE InventHelp | https://www.kxii.com/prnewswire/2022/06/24/inventhelp-inventor-develops-convenient-device-createrecord-music-sgm-126/ | 2022-06-24T16:31:20Z |
Wendy's new hot coffee available for FREE for a limited time
BURLINGTON, Ontario, May 2, 2022 /PRNewswire/ -- Today is the day morning routines change forever with Wendy's® craveable breakfast menu launching nationwide in Canada, served from 6:30 a.m. to 10:30 a.m.* To celebrate the launch, Wendy's is giving customers one less reason to hit snooze with a FREE hot cup of their soon-to-be favourite coffee all day long at participating locations through May 29.** Customers will not want to miss out because for the first time ever, Wendy's is serving a new signature medium-roast coffee blend uniquely crafted for Canadian customers.
"Canadians deserve a better breakfast," said Liz Geraghty, Chief Marketing Officer, International, The Wendy's Company. "From fresh, never frozen Canadian beef to freshly cracked Canadian grade A eggs, our focus at Wendy's is always on the quality of the food we serve, and customers will taste our commitment to freshly prepared, high-quality ingredients across our entire breakfast menu."
Wendy's selection of irresistible, bold new morning menu items pay homage to Wendy's fan favourites, including:
- Breakfast Baconator®: A grilled square sausage patty paired with two slices of cheese, six strips of crispy oven-baked Applewood smoked bacon that are freshly-cooked in every restaurant every day, a fresh-cracked Canadian grade A egg, all covered in a warm Swiss cheese hollandaise style sauce on a premium toasted bun. You won't be asking, "where's the bacon?" after tasting this breakfast sandwich.
- Sausage or Bacon, Egg & Swiss Croissant: Freshly cracked Canadian grade A egg with your choice of a grilled square sausage patty or oven-baked Applewood smoked bacon covered in savoury Swiss cheese sauce on a croissant. Our butter croissants feature 120 flakey layers so good that Canadians will never flake on breakfast again.
- Frosty-ccino: Wendy's Frosty-ccino combines cold brew coffee with your favourite legendary chocolate or vanilla Frosty® flavour featuring Canadian dairy, served over ice. Available all day, this is a perfect pick-me-up to start your morning or energize your afternoon.
- Seasoned Potatoes: Say goodbye to greasy hashbrowns with these seasoned potato wedges featuring a blend of spices, served crispy and piping hot every morning.
Wendy's continues to make it easy for fans to order freshly prepared, craveable food via Wendy's mobile app, with deals and offers at your fingertips. When you use the Wendy's app you're always first in line. Who says breakfast can't be delivered? If breakfast in bed is more your thing, providers including SkipTheDishes and Uber Eats deliver hot, ready-to-eat breakfast to fans every day.
To browse the menu or find a restaurant near you, visit order.wendys.com/location.
About Wendy's
Wendy's was founded in 1969 by Dave Thomas in Columbus, Ohio, U.S.A. Dave built his business on the premise, "Quality is our Recipe®," which remains the guidepost of the Wendy's system. The first Wendy's restaurant in Canada opened in 1975 and the brand is best known for its made-to-order square hamburgers, using fresh, never frozen Canadian beef***, freshly prepared salads and other signature items like chili, baked potatoes and the Frosty dessert. The Wendy's Company (Nasdaq: WEN) is committed to doing the right thing and making a positive difference in the lives of others. This is most visible through the Company's support of the Dave Thomas Foundation for Adoption Canada™ and its signature Wendy's Wonderful Kids™ in Canada program, which seeks to find a loving, forever home for every child waiting to be adopted from the North American foster care system. Today, Wendy's and its franchisees employ hundreds of thousands of people across approximately 7,000 restaurants worldwide with a vision of becoming the world's most thriving and beloved restaurant brand. For details on franchising, connect with us at www.wendys.com/franchising.
Visit www.wendys.ca and www.squaredealblog.com for more information and connect with us on Twitter and Instagram using @wendyscanada, and on Facebook at www.facebook.com/WendysCanada.
*Hours and participation may vary by location.
**No purchase necessary. Limit one offer per person.
***Fresh beef available in the contiguous U.S., Alaska and Canada.
Contact: MediaRelations@wendys.com
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SOURCE The Wendy’s Company | https://www.wibw.com/prnewswire/2022/05/02/wheres-bacon-wendys-launches-breakfast-nationwide-canada-today/ | 2022-05-02T11:51:57Z |
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