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ASHBURN, Va., May 27, 2022 /PRNewswire/ - DXC Technology (NYSE: DXC) a leading Fortune 500 global technology services company, will participate in the Cowen Technology Conference on June 2, 2022. Ken Sharp, Chief Financial Officer, is scheduled to participate in a fireside chat at 9:40 AM ET.
The presentation will be available on the "Events and Presentations" section of DXC's investor webpage at https://investors.dxc.com.
DXC Technology (NYSE: DXC) helps global companies run their mission critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private, and hybrid clouds. The world's largest companies and public sector organizations trust DXC to deploy services across the Enterprise Technology Stack to drive new levels of performance, competitiveness, and customer experience. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.
All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements." These statements represent current expectations and beliefs, and no assurance can be given that the results described in such statements will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. Furthermore, many of these risks and uncertainties are currently amplified by and may continue to be amplified by or may, in the future, be amplified by, the ongoing coronavirus disease 2019 ("COVID-19") pandemic and the impact of varying private and governmental responses that affect our customers, employees, vendors and the economies and communities where they operate. For a written description of these factors, see the section titled "Risk Factors" in DXC's Annual Report on Form 10-K for the fiscal year ended March 31, 2022, and any updating information in subsequent SEC filings.
No assurance can be given that any goal or plan set forth in any forward-looking statement can or will be achieved, and readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events, except as required by law.
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SOURCE DXC Technology Company | https://www.mysuncoast.com/prnewswire/2022/05/27/dxc-technology-participate-cowen-technology-conference/ | 2022-05-27T21:18:20Z |
PALO ALTO, Calif., Aug. 10, 2022 /PRNewswire/ -- Inpixon® (Nasdaq: INPX), the Indoor Intelligence® company, today announced that it will host a conference call at 4:30 PM Eastern Time on Monday, August 15, 2022 to discuss the company's financial results for the 2022 second quarter ended June 30, 2022, which the company plans to release after market close the same day. The call will also include an update on the company's corporate progress and other developments.
The conference call will be available via telephone by dialing toll-free +1 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers and entering access code 618409. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2235/46295 or on the company's Investor Relations section of the website, ir.inpixon.com.
Investors and other interested parties are invited to submit questions to management prior to the call's start via email to inpx@crescendo-ir.com.
A webcast replay will be available on the company's Investor Relations section of the website (ir.inpixon.com) through August 15, 2023. A telephone replay of the call will be available approximately one hour following the call, through August 22, 2022, and can be accessed by dialing 877-481-4010 for U.S. callers or +1 919-882-2331 for international callers and entering access code 46295.
About Inpixon
Inpixon® (Nasdaq: INPX) is the innovator of Indoor Intelligence®, delivering actionable insights for people, places and things. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. The company's Indoor Intelligence and mobile app solutions are leveraged by a multitude of industries to optimize operations, increase productivity, and enhance safety. Inpixon customers can take advantage of industry leading location awareness, RTLS, workplace and hybrid event solutions, analytics, sensor fusion, IIoT and the IoT to create exceptional experiences and to do good with indoor data. For the latest insights, follow Inpixon on LinkedIn, Twitter, and visit inpixon.com.
Safe Harbor Statement
All statements in this release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of the control of Inpixon and its subsidiaries, which could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, the fluctuation of economic conditions, the impact of COVID-19, global conflicts, inflation and other global events on Inpixon's results of operations and global supply chain constraints, Inpixon's ability to integrate the products and business from recent acquisitions into its existing business, the performance of management and employees, the regulatory landscape as it relates to privacy regulations and their applicability to Inpixon's technology, Inpixon's ability to maintain compliance with Nasdaq's minimum bid price requirement and other continued listing requirements, the ability to obtain financing if needed, competition, general economic conditions and other factors that are detailed in Inpixon's periodic and current reports available for review at sec.gov. Furthermore, Inpixon operates in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements.
Inpixon Contacts
General inquiries:
Inpixon
Email: marketing@inpixon.com
Web: inpixon.com/contact-us
Investor relations:
Crescendo Communications, LLC
Tel: +1 212-671-1020
Email: INPX@crescendo-ir.com
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SOURCE Inpixon | https://www.kxii.com/prnewswire/2022/08/10/inpixon-schedules-second-quarter-2022-financial-results-business-update-conference-call/ | 2022-08-10T14:54:54Z |
Covid-19 has become a chronic condition for tens of millions of people -- and an expensive one, as well. Long Covid -- a condition marked by lingering symptoms that can involve multiple bodily systems -- has cost a cumulative $386 billion in lost wages, savings and medical expenses in the US alone as of January, according to one estimate.
On Tuesday, the Biden administration announced that it was making long Covid a national priority. It unveiled a plan to accelerate efforts to prevent, treat and detect long Covid through a national interagency research action program.
In February, the National Institutes of Health announced a $1.15 billion initiative to support research into the condition over four years.
Much research is needed to find answers to all the questions about long Covid.
There's no cure or specific treatment; there's not even a test for it. Scientists still don't fully understand what the symptoms are, how long it lasts, or why some people get it and others don't. They haven't even settled on a name for it: long Covid, post-Covid, long haul, post-acute Covid or chronic Covid.
The US Centers for Disease Control and Prevention defines long Covid as health problems that last four or more weeks after a Covid-19 infection. The World Health Organization definition adds that the symptoms should not be able to be explained by an alternative diagnosis.
It's unclear exactly how many people have long Covid. Estimates range from 5% to 80% of those who become infected with the coronavirus. The condition can affect people of all ages, genders, races and ethnicities.
Some can develop long Covid after a mild infection or even after an infection with no symptoms at all. They may have symptoms for a short amount of time or for years.
Scientists don't fully agree what symptoms count as long Covid.
The CDC's list of physical symptoms includes difficulty breathing, fatigue, problems sleeping, cough, chest and stomach pain, headache, racing heart and other heart problems, high blood pressure, joint and muscle pain, a feeling of having pins and needles under the skin, fever, dizziness, rash, diarrhea, a changed menstrual cycle, type 2 diabetes, hair loss, rashes, blurry or double vision, and a continued loss of the sense of smell or taste.
Long Covid can also cause problems with mental health.
People report unexplained mood changes, brain fog or difficulty thinking, memory problems, difficulties with language and general cognition, and PTSD. Dozens of studies have also shown that long Covid patients report long-term depression and anxiety that they didn't have before becoming infected. Others report psychosis and suicidal behavior. Some research has found that people with long Covid have opioid use disorder and problems with other drug use.
Some studies suggest that the virus is associated with physical changes in the brain, and that may be what is causing some of these problems.
Symptoms can come and go over time, according to the World Health Organization. They may be so extreme that they're debilitating. As of July, the US government determined that long Covid could be considered a disability under the Americans with Disability Act.
It's not totally clear why long Covid develops. As the disease may affect any organ system, there could be multiple reasons.
In some people, it may stem from the direct cell damage caused by Covid-19. For others, long-term problems like muscle weakness or cognitive issues may develop after they're hospitalized for Covid-19 for an extended period of time. Symptoms may also linger because the immune system overreacts and fails to slow down after an infection clears.
Scientists are working on drugs that could treat long Covid and on tests to diagnose it.
Clinics to treat long Covid have popped up across the country, although the CDC says primary care physicians may also be able to help.
Patient advocates suggest that some doctors have dismissed patient concerns as psychological rather than physical in nature.
The CDC advises medical professionals to listen and validate a patient's experience if they have long-term symptoms. It encourages doctors to be particularly sensitive to people in marginalized populations that have been disproportionately affected by Covid, as their long-term symptoms may be underdiagnosed.
Doctors are also advised to partner with a patient to help them identify achievable goals in recovery. Patients may also be offered supportive care that can include physical or occupational therapy, mental health counseling, speech therapy or even breathing exercises.
While in treatment, people may be asked to keep diaries and calendars to document changes in their symptoms, especially if something seems to trigger them.
A study published in January says one thing that might help people with long Covid is to get vaccinated if they hadn't already. It found that people who got the vaccine were 54% less likely to report headaches, 64% less likely to report fatigue and 68% less likely to report muscle pain than were the unvaccinated.
The best way to avoid long Covid, doctors say, is to keep from catching Covid-19 in the first place. Some studies suggest that even with a breakthrough infection, the risk of long Covid is much lower for people who are fully vaccinated.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/features/health/long-covid-19-may-remain-a-chronic-condition-for-millions/article_13f5f918-88c5-51fd-99d9-3bf36f69a346.html | 2022-04-06T14:27:01Z |
LONDON, UK, Aug. 18, 2022 /PRNewswire/ - Atlas ("Atlas" or the "Company") (NYSE: ATCO) announced today that its board of directors (the "Board") has already formed a special committee of independent directors to evaluate the unsolicited non-binding proposal from Poseidon Acquisition Corp. ("Poseidon") received by the Board on August 4, 2022. The special committee has already retained Morgan Stanley & Co. LLC as its financial advisor, and also has already retained legal counsel, in connection with its evaluation of the proposal.
As previously announced, Poseidon is an entity formed by certain affiliates of Fairfax Financial Holdings Limited ("Fairfax"), certain affiliates of the Washington Family ("Washington"), David Sokol, Chairman of the Board of Atlas, and Ocean Network Express Pte. Ltd., and certain of their respective affiliates. Poseidon has proposed to acquire all of the outstanding common shares of Atlas, other than common shares owned by Fairfax, Washington, Mr. Sokol and certain executive officers of the Company, for $14.45 cash per common share. Fairfax, Washington and Mr. Sokol, together with certain of their respective affiliates, collectively own more than 50% of the Company's outstanding common shares.
Atlas cautions its shareholders and others considering trading in Atlas securities that the Board has only recently received the proposal, the special committee, working with its advisors, is in the process of carefully reviewing and evaluating the proposal, and no decision has been made yet with respect to a response to the proposal. The proposal constitutes only an indication of interest by Poseidon and does not constitute a binding commitment with respect to the proposed transaction or any other transaction. No agreement, arrangement or understanding between Atlas and Poseidon relating to any proposed transaction will be created unless definitive documentation is executed and delivered by the appropriate parties.
Atlas does not undertake any obligation to provide any updates with respect to this or any other transaction, or to provide any additional disclosures to reflect subsequent events, new information or future circumstances, except as required under applicable law.
About Atlas
Atlas is a leading global asset management company, differentiated by its position as a best-in-class owner and operator with a focus on disciplined capital deployment to create sustainable shareholder value. We target long-term, risk-adjusted returns across high-quality infrastructure assets in the maritime sector, energy sector and other infrastructure verticals. For more information, visit atlascorporation.com.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements included in this press release other than statements of historical fact, including, but not limited to, expectations regarding the proposed transaction, the formation of a special committee of independent directors and the evaluation and any negotiation and consummation of any transaction are forward-looking statements. These forward-looking statements represent Atlas' estimates and assumptions only as of the date of this release and are not intended to give any assurance as to future results. As a result, you are cautioned not to rely on any forward-looking statements. Forward-looking statements appear in a number of places in this release. Although these statements are based upon assumptions Atlas believes to be reasonable based upon available information, they are subject to risks and uncertainties. Forward-looking statements in this release are estimates and assumptions reflecting the judgment of senior management and involve known and unknown risks and uncertainties. These forward-looking statements are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond Atlas' control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Accordingly, all forward-looking statements should be considered in light of various important factors listed above and including, but not limited to, those set forth in "Item 3. Key Information—D. Risk Factors" in Atlas' Annual Report for the year ended December 31, 2021 on Form 20-F filed with the SEC on March 24, 2022, and in its subsequent filings with the SEC. Atlas does not intend to revise any forward-looking statements in order to reflect any change in its expectations or events or circumstances that may subsequently arise. Atlas expressly disclaims any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in Atlas' views or expectations, or otherwise. You should carefully review and consider the various disclosures included in Atlas' Annual Report and in Atlas' other filings made with the SEC that attempt to advise interested parties of the risks and factors that may affect Atlas' businesses, prospects and results of operations.
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SOURCE Atlas Corp. | https://www.kxii.com/prnewswire/2022/08/18/atlas-corp-board-directors-forms-special-committee-independent-directors-evaluate-previously-announced-take-private-proposal/ | 2022-08-18T23:59:39Z |
LEXINGTON, Mass., May 17, 2022 /PRNewswire/ -- LogicBio Therapeutics, Inc. (Nasdaq: LOGC), a clinical-stage genetic medicine company, today announced that president and chief executive officer, Frederic Chereau, will present a company overview at the H.C. Wainwright Global Investment Conference being held May 23-26, 2022. The pre-recorded presentation will be available for on-demand viewing beginning at 7:00 a.m. ET on Tuesday, May 24, 2022.
A webcast of the presentation will be made available on the Investors section of the company's website at https://investor.logicbio.com/. The webcast replay will be available for approximately 30 days.
About LogicBio® Therapeutics
LogicBio® Therapeutics is a clinical-stage genetic medicine company pioneering genome editing and gene delivery platforms to address rare and serious diseases from infancy through adulthood. The company's genome editing platform, GeneRide®, is a new approach to precise gene insertion harnessing a cell's natural DNA repair process potentially leading to durable therapeutic protein expression levels. The company's gene delivery platform, sAAVy™, is an adeno-associated virus (AAV) capsid engineering platform designed to optimize gene delivery for treatments in a broad range of indications and tissues. The company's proprietary system, mAAVRx™, aims to overcome some of the current limitations of AAV manufacturing by optimizing the transfection process to improve yields and product quality. The company is based in Lexington, MA. For more information, visit www.logicbio.com, which does not form a part of this release.
Investor Contacts:
Stephen Jasper
Gilmartin Group
858-525-2047
stephen@gilmartinir.com
Media Contacts:
Adam Daley
Berry & Company Public Relations
W:212-253-8881
C: 614-580-2048
adaley@berrypr.com
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SOURCE LogicBio Therapeutics, Inc. | https://www.kxii.com/prnewswire/2022/05/17/logicbio-therapeutics-present-hc-wainwright-global-investment-conference/ | 2022-05-17T13:22:34Z |
HOLON, Israel, May 2, 2022 /PRNewswire/ -- Compugen Ltd. (NASDAQ: CGEN), a clinical-stage cancer immunotherapy company and a pioneer in computational target discovery, announced today that the Company will release its first quarter 2022 financial results on Monday, May 16, 2022, before the U.S. financial markets open. Management will not host a conference call to accompany this release.
Management plans to provide a corporate update at two global investor healthcare conferences in June 2022. Details of the planned presentations will be provided closer to the events.
About Compugen
Compugen is a clinical-stage therapeutic discovery and development company utilizing its broadly applicable predictive computational discovery capabilities to identify new drug targets and biological pathways for developing cancer immunotherapies. Compugen has developed two proprietary product candidates: COM701, a potential first-in-class anti-PVRIG antibody, for the treatment of solid tumors, in Phase 1 as a single agent and in dual, and triple combinations; COM902, a potential best-in-class monoclonal antibody targeting TIGIT for the treatment of solid and hematological tumors, undergoing Phase 1 studies as a single agent and in dual combination with COM701. Partnered programs include bapotulimab an antibody targeting ILDR2 in Phase 1 development, licensed to Bayer under a research and discovery collaboration and license agreement, and a TIGIT/PD-1 bispecific derived from COM902 (AZD2936) in Phase 1/2 development by AstraZeneca through a license agreement for the development of bispecific and multi-specific antibodies. In addition, the Company's therapeutic pipeline of early-stage immuno-oncology programs consists of programs aiming to address various mechanisms of immune resistance, including myeloid targets. Compugen is headquartered in Israel, with offices in South San Francisco, CA. Compugen's shares are listed on Nasdaq and the Tel Aviv Stock Exchange under the ticker symbol CGEN.
Forward-Looking Statement
This press release contains "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations, and assumptions of Compugen. Forward-looking statements can be identified using terminology such as "will," "may," "expects," "anticipates," "believes," "potential," "plan," "goal," "estimate," "likely," "should," "confident," and "intends," and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements include, but are not limited to, statements regarding our plans to provide a corporate update at two global investor healthcare conferences in June 2022 and that details of the planned presentations will be provided closer to the events. These forward-looking statements involve known and unknown risks and uncertainties that may cause the actual results, performance, or achievements of Compugen to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. In addition, any forward-looking statements represent Compugen's views only as of the date of this release and should not be relied upon as representing its views as of any subsequent date. Compugen does not assume any obligation to update any forward-looking statements unless required by law.
Investor Relations contact:
Yvonne Naughton, Ph.D.
Head of Investor Relations and Corporate Communications Compugen Ltd.
Email: ir@cgen.com
Tel: +1 (628) 241-0071
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SOURCE Compugen Ltd. | https://www.wibw.com/prnewswire/2022/05/02/compugen-release-first-quarter-2022-monday-may-16-2022/ | 2022-05-02T11:45:32Z |
SAN FRANCISCO and LOS ANGELES, Aug. 10, 2022 /PRNewswire/ -- Virgo Investment Group ("Virgo"), a private investment firm with a track record of building and transforming businesses, today announced the sale of Transverse Insurance Group ("Transverse" or the "Company"), a U.S.-based, hybrid fronting company, to Mitsui Sumitomo Insurance Company, Limited ("MSI"), pending Regulatory Approval.
Transverse was established in 2018 by Virgo and co-founders Erik Matson and Dave Paulsson. Since its inception the Company has quickly grown to over 50 professionals, claiming a meaningful share of the U.S. fronting market.
"We take a flexible and collaborative approach at Virgo, launching businesses in attractive niches when the opportunity is right," said Virgo founder and CIO, Jesse Watson. "We identified the fronting segment in 2018 as a growing and underserved market in which we could build a differentiated competitor, and are proud of how we built Transverse from the ground up to provide both MGA and reinsurance clients with innovative solutions. With Erik and Dave remaining at the helm, Transverse is well positioned to continue expanding its customer base and industry reach under the MSI umbrella. We are honored to have had the opportunity to establish Transverse and are excited to watch its continued growth as part of a global leader in the insurance marketplace."
Erik Matson, Chairman, CEO and Co-founder of Transverse added, "Working alongside Virgo to fund and grow Transverse has allowed the Company to quickly adapt and thrive in the fronting industry. I am grateful for the opportunity Virgo provided and am excited for this next chapter. I look forward to leveraging the balance sheet, global footprint and deep institutional knowledge of MSI's team to further enhance our client offerings."
"Erik, Dave and Virgo have built Transverse into a proven player in the insurance fronting market, and we are excited to partner with the Company as part of our continued evolution at MSI," said Johan Slabbert, CEO of Amlin Distribution Holdings Inc at MSI. "This acquisition will allow Transverse to accelerate its competitive advantage by securing greater access to product lines and new distribution opportunities, serving the evolving and long-term needs of its MGAs and reinsurer partners more effectively. We look forward to working with them to help continue its growth and to help build our presence in the US marketplace."
Transverse was founded using funds from Virgo Societas Partnership IV alongside co-investment vehicles.
About Virgo Investment Group
Founded in 2009, Virgo is a private investment firm based in California that has an established track record of building and transforming businesses. Virgo seeks to identify and grow unique business models into differentiated and profitable industry leading companies. The Firm has raised over $1.9 billion since inception.
About Transverse Insurance Group
Transverse Insurance Group is a hybrid fronting carrier serving the program, MGA, and reinsurance markets with offices in New York, New Jersey, and Texas. Transverse is backed by Virgo Investment Group and partner investors. Founded in 2018 by Erik Matson, CEO, and Dave Paulsson, President, Transverse is a global facilitator connecting and enabling partners through access to risk capacity and alternative capital on admitted and surplus lines paper. For more information, please visit www.transverseinsurance.com.
Media Contacts
Virgo Investment Group
Steve Bruce/ Taylor Ingraham ASC Advisors
sbruce@ascadvisors.com / tingraham@ascadvisors.com
(203) 992-1230
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SOURCE Virgo Investment Group | https://www.wibw.com/prnewswire/2022/08/10/virgo-investment-group-announces-sale-transverse-insurance-group-mitsui-sumitomo-insurance-company/ | 2022-08-10T14:54:25Z |
Restaurants have long had a profitability issue. The pandemic and now record inflation have pushed the industry to the brink, Tablz offers a solution that will bring dining rooms back into the black.
NEW YORK, June 30, 2022 /PRNewswire/ -- Tablz, (www.tablz.com) curates a network of the best tables in the best restaurants across North America. Founded in Ottawa in 2021, by a team of multi-time founders, Tablz is revolutionizing the future of restaurant dining by monetizing the physical real estate in dining rooms. They are excited to announce they completed a $2.5m USD pre-seed financing led by RiverPark Ventures, Another Round VC, In Good Company Hospitality, Branded Strategic Hospitality, and notable founders such as Krystle Mobayeni (Bento Box) & Steve Simoni (BBot/Doordash).
With this investment Tablz plans to augment its leadership team and bring 1000's of new tables into its network.
"After a successful pilot period where we saw 2500+ premium tables organically and voluntarily booked by consumers, we are excited to leave stealth mode and make a lot of noise," said Frazer Nagy, co-founder and CEO of Tablz.
"By the end of 2022, 100 marquee properties will be utilizing Tablz, tens of thousands of bookings, and a waitlist of restaurants waiting to join before Christmas," continues Frazer, "Despite the current stock market turmoil, the fundamentals for growth in the travel and hospitality space remain bullish due to the fact that consumer savings in Millennial and Gen X bank accounts are at an all time high. In Canada alone, that accounts for $300B and $2.7T in the USA. We live in an experience based economy, travel and tourism is the category that is identified by these demographics as a significant portion of their budget, compounded by the pent up demand coming out of COVID."
Tablz is an opt-in upgrade, like first class on an airplane, that allows diners to view a 3D walk-through of a restaurant's dining room and pay to pick the exact table they will sit at. Currently restaurants on the Tablz network are selling tables from $5-$100, with many restaurants having a yearly dining room value of over $100,000, in net-new profit with no cost attached.
Tablz not only enables restaurants to unlock their greatest asset, but it fundamentally changes the relationship between the diner and the restaurant itself. Tablz changes this dynamic as it can personalize every dining experience. Are you on a date, taking your mom out for dinner, fighting to find a group table to watch the big game or need disability access? Tablz can now find you the table based on your individual needs.
Press Contact
gabriella@tablz.com
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SOURCE Tablz | https://www.mysuncoast.com/prnewswire/2022/06/30/tablz-monetizes-restaurants-dining-room-physical-asset-disrupting-restaurant-profitability-with-3d-tech/ | 2022-06-30T16:09:23Z |
To support the growth of its beverage co-packing business, Bishop Cider has acquired Wild Acre Brewing in Fort Worth, Legal Draft Beer Co. in Arlington, and has secured properties for new entertainment concepts in Dallas, Arlington, and two in Fort Worth.
DALLAS, May 23, 2022 /PRNewswire/ -- TexBev, a beverage co-packing company owned by Bishop Cider, will relocate operations from Dallas to Wild Acre's Fort Worth facility and expand its capacity and capabilities with the addition of the equipment from Bishop's Dallas cidery and Legal Draft's Arlington brewery. At the Fort Worth site, there is ample room for continued expansion, as the property comprises nearly 200,000 square feet of warehouse space and sits on 21 acres. The acquisition is expected to close by the end of May. Bishop will also be opening a one-of-a-kind entertainment concept at the site and details will be revealed in the fall.
Wild Acre beer will continue to be produced at the facility, but the brand will be getting a refresh, investments will be made in QA/QC equipment, and recipes will be fine-tuned. "Rightfully so, Wild Acre has gained a lot of respect in Fort Worth. They have built a very impressive facility and the beer can hold its own against other local breweries, but I believe there is potential to compete on a larger stage," says Joel Malone, CEO of Bishop Cider. Grant Wood is coming alongside the new management team to ensure the liquid is world class. Grant Wood was most recently the Co-Founder and Brewmaster of Revolver Brewing, prior to the acquisition by Molson Coors in 2016. Previously, Grant spent 16 years at Boston Beer Company, finishing there as the Senior Brewing Manager.
Bishop currently operates three locations of its Cidercade concept (Dallas, Austin, and Houston). Cidercade has dozens of taps of Bishop Cider, serves artisan food, and offers an "entertainment buffet" where patrons pay a nominal admission fee and the games and activities are free to play.
Construction is currently underway on Cidercade Fort Worth, located just south of downtown. It will be the largest Cidercade to date at 25,000 square feet and is expected to open by the end of summer.
Bishop acquired Legal Draft's assets for the equipment, as new equipment lead-times have grown exponentially in recent years. Bishop did not assume their liabilities and will not market beer bearing the Legal Draft brand. Bishop will, however, be opening a Cidercade location at the Arlington property around the end of the year, bringing the total number of Bishop's locations to seven.
Bishop has also decided to relocate and drastically expand Cidercade Dallas, but it will remain open at its current location until construction has been completed at the new site. At 79,000 square feet, the new location is nearly 10 times larger. It will feature concepts, games, and activities that aren't offered anywhere else in Texas. The opening date has not been announced.
BUSINESS OVERVIEW
When Bishop Cider started in Dallas' Bishop Arts District a decade ago, Joel Malone and Laura Malone (husband and wife Co-Founders) owned a quaint 700 square foot cider bar, but Bishop has now grown into a leader in beverage manufacturing and beverage experiences.
Their business now comprises three brands:
- TexBev provides beverage co-packing services for its clients with a focus on specialized processes such as tunnel pasteurization, hot fill, and retort sterilization. TexBev is a co-packer of canned cold brew coffee, tea, juice, energy drinks, wine, beer, and RTDs.
- Cidercade has dozens of taps of Bishop Cider, serves artisan food, and offers an "entertainment buffet" where patrons pay a nominal admission fee and the games and activities are free to play.
- Bishop Cider, the company's house brand of hard cider, is currently sold and distributed in Texas, Oklahoma, and select states in the northeast.
Once the new locations come online, Bishop Cider will operate over 300,000 square feet of real estate, have seven on-premise locations, and employ approximately 265 employees (currently 140). Bishop has averaged over 100% revenue growth YOY, sustained profitability even in 2020 when entertainment venues were closed due to the pandemic, and welcomed nearly one million customers through Cidercade locations in 2021.
For brands or individuals looking to start or scale their beverage business through co-packing and manufacturing, go to TexBev.com.
To receive updates on new Cidercade locations, sign up for their email newsletter at Cidercade.com, or follow them on social media.
To stay updated on all things Bishop Cider and Wild Acre Brewing, go to bishopcider.com and wildacrebrewing.com and sign up for their email newsletters or follow them on social media.
Link to photos and logos for usage. Please attribute all photos to Bishop Cider.
Address
Cidercade Dallas (current): 2777 Irving Blvd #200, Dallas, TX 75207
Cidercade Dallas (future): 1555 Regal Row, Dallas, TX 75247
Cidercade Fort Worth: 1813 W Bowie St., Fort Worth, TX 76110
Wild Acre Brewing: 1734 E El Paso St., Fort Worth, TX 76102
Legal Draft: 500 E Division St., Arlington, TX 76011
Joel Malone
Bishop Cider Company, LLC
214-364-7728
joel@bishopcider.com
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SOURCE Bishop Cider | https://www.mysuncoast.com/prnewswire/2022/05/23/bishop-cider-has-acquired-two-dfw-breweries-is-opening-four-new-locations/ | 2022-05-23T15:26:41Z |
A man searching a Florida lake for Frisbees may have died as a result of a possible alligator attack, according to a news release from Largo Police Department.
The victim, who authorities have identified as 47-year-old Sean McGuinness, was discovered along the shoreline of Taylor Lake in Largo, Florida, by a bystander walking their dog early Tuesday morning, officials said. Largo is located just outside of Tampa, Florida.
Investigators believe the victim was looking for Frisbees sometime during the night when an alligator attacked him. "While the medical examiner will determine the exact cause of death, it was apparent that McGuinness suffered injuries related to alligators in the lake," the release stated.
According to management at Taylor Park, McGuinness was known to frequent the park and enter the lake with disregard to the posted "No Swimming" signs, authorities said.
A witness told detectives that McGuinness was known to sell discs back to people within the park, and McGuinness was found within a few feet of a disc in the water.
Two alligators were captured on Tuesday night, however, necropsies revealed no evidence of their involvement with the deceased, Florida Fish and Wildlife Conservation Commission spokesperson Forest Rothchild said in a statement on Wednesday.
Officials will continue to monitor for additional alligators in the area, the release stated.
The first of 10 weeks of summer camp kicked off this week at Chehaw Park & Zoo. The camp features learning activities, water play and visits to the animals in the zoo. Click for more.
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accounts, the history behind an article. | https://www.albanyherald.com/news/florida-man-killed-in-possible-alligator-attack-while-searching-lake-for-frisbees/article_2799e0d2-0418-503d-b19f-1643db128db1.html | 2022-06-01T23:14:58Z |
DENVER, May 24, 2022 /PRNewswire/ -- Rocky Mountain Industrials, Inc. (RMI), Colorado's next generation infrastructure company, announced today that it has closed a $23,000,000 commercial bank financing for the continued construction of its 620-acre Rocky Mountain Rail Park located in Adams County.
The closing of this commercial transaction, coupled with the tax-exempt municipal bond raise of $65,209,784 in 2021, solidifies RMI's ability to activate large land parcels with heavy industrial zoning and direct availability to high-capacity rail access in the eastern Denver Metro market.
"This commercial bank financing continues our accelerated development of the project. Our rail-based infrastructure solution in Denver and the Rocky Mountain Region is progressing rapidly," said Brian Fallin, CEO of RMI. "We are pleased to start infrastructure and rail construction on the northern parcels."
RMI began construction on the properties south parcel in March 2021 and continues a phased construction approach to the rail-served northern parcels. Both rail and non-rail served sites are available for sale or lease throughout construction in 2022.
About RMI
Rocky Mountain Industrials Inc. is a materials infrastructure and distribution organization strategically positioned to serve the Mountain West.
Media Contact:
The Rose Group
Elana@therosegrp.com
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SOURCE Rocky Mountain Industrials Inc. | https://www.mysuncoast.com/prnewswire/2022/05/24/rocky-mountain-industrials-closes-23000000-commercial-financing/ | 2022-05-24T14:23:49Z |
WINTER HAVEN, Fla., April 12, 2022 /PRNewswire/ -- SouthState Bank has released its second Corporate Social Responsibility (CSR) report, highlighting the company's commitment to its communities, colleagues, corporate stewardship and the environment.
"As a leading regional bank in the fastest growing part of the country – the Southeast – SouthState recognizes the importance of sustainable and responsible business practices that benefit our communities and our stakeholders," said LeDon Jones, director of Corporate Stewardship. "We are proud of the progress we've made in the past year, and we will continue to prioritize our activities and lending to support our CSR initiatives, as well as communicate our progress to our investors and stakeholders."
Highlights of the 2022 CSR report include:
- Awarded 1,741 organizations grants and contributions, totaling $7.45 million.
- Team members logged 6,392 volunteer hours benefitting more than 400 different organizations.
- Made $1.9 billion in CRA-eligible loans.
- Extended $680 million in community development loans.
- Provided $57,000 in financial assistance to team members through The Sunshine Fund, a 501(c)(3) organization funded by Company and employee contributions, which are used to assist employees with unexpected financial hardships.
- Adopted a three-year diversity and inclusion plan.
- Maintained a board-level Culture Committee that focuses on human capital management and diversity and inclusion, and tasked the board-level Governance and Nominating Committee with the responsibility for the Company's environmental, social and governance (ESG) initiatives.
- Ongoing investment in technology that enables customers and team members to access digital solutions for their needs, significantly reducing the bank's environmental impact, including:
SouthState's CSR report and more information are available on the bank's Corporate Stewardship page.
SouthState Corporation (NASDAQ: SSB) is a financial services company headquartered in Winter Haven, Florida. SouthState Bank, N.A., the company's nationally chartered bank subsidiary, provides consumer, commercial, mortgage and wealth management solutions to more than one million customers throughout Florida, Alabama, Georgia, the Carolinas and Virginia. The bank also serves clients coast to coast through its correspondent banking division. Additional information is available at SouthStateBank.com.
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SOURCE South State Bank N.A. | https://www.mysuncoast.com/prnewswire/2022/04/12/southstate-issues-2022-corporate-social-responsibility-csr-report/ | 2022-04-12T14:50:12Z |
- Electrified Acura ARX-06 prototype sports car features hybrid power unit
- Exterior design work led by Acura Design Studio
- Sixth-generation Acura prototype to compete in 2023 IMSA WeatherTech SportsCar GTP Championship, starting with the Rolex 24 at Daytona
MONTEREY, Calif., Aug. 17, 2022 /PRNewswire/ -- Acura Motorsports today released the first official images and details for the all-new, electrified Acura ARX-06 prototype sports car, which will make its competition debut next January in the Rolex 24 at Daytona.
The latest in a line of successful Acura endurance racing prototypes, the ARX-06 features Acura-specific bodywork and aerodynamics based around an all-new ORECA LMDh chassis which utilizes an electrified hybrid power unit featuring an equally new, bespoke twin-turbocharged 2.4 liter V6 internal combustion engine designed, developed and manufactured by Honda Performance Development [HPD] the racing arm for Acura Motorsports in North America.
The public unveiling will take place Friday, August 19, at The Quail, a Motorsports Gathering, in Carmel, California.
"Precision Crafted Performance is at the heart of everything Acura does," said Jon Ikeda, vice president and Acura brand officer. "If you're a performance brand, you have to go racing. It's that simple. Both the existing ARX-05 prototype and our production-based NSX GT3 have proven to be race- and championship-winning designs on tracks all across North America. Now, with the introduction of the new, electrified Acura ARX-06, we look forward to facing off against other premium automotive brands from around the world – and continuing our winning ways."
"HPD has 30 years of race-winning and championship-winning history," said David Salters, HPD President and Technical Director. "Not only in endurance sports car racing, but in developing championship-winning Honda Civic-based racing cars, the powertrain for the Baja Ridgeline race truck, Formula Regional Americas and Formula 4 powertrains with the Type R engine, and of course the Indy 500 and the IndyCar Series.
"We are HPD. We race, we develop our engineers and technology through racing. We have an amazing and unique racing legacy, both past and present. It's what we do as Acura's – and Honda's – North American racing organization. We are looking forward to the challenge of racing Porsche, BMW and GM in IMSA's pinnacle GTP championship. We are very cognizant this is a big step for us. We have a lot to learn, but that is why race."
"The new Acura ARX-06 has elements of our Indy-winning technology, Honda Formula One technology and Rolex 24-winning technology in it. This was achieved using HPD's world-class simulation, design, development and manufacturing technologies; that our own engineers have developed, tested and validated. We are very proud of that. Now the challenge and hard work really starts, including grueling 24 hour simulations, and learning how to maximize all aspects of performance."
Powertrain
The Acura AR24e power unit was developed by Honda Performance Development to bring electrification to the Precision Crafted Performance of Acura's endurance sports car racing program. The complete hybrid power unit is based around the Acura AR24e internal combustion engine (ICE), an all-new bespoke 2.4-lliter, twin-turbocharged direct injection racing V6 that was designed, developed and manufactured by HPD.
At 2.4 liters, this is the smallest displacement ICE conceived by HPD for endurance racing, yet still meets the performance target of 500 kW as measured at the rear axle by torque meters. It features a 90-degree V-angle to lower its center of gravity and reduce polar moment of inertia. In addition, the combustion chamber has been designed to run on sustainable low-carbon fuel.
The hybrid power plant includes an IMSA-ACO specified electric Bosch Motor Generator Unit (MGU) and Williams Advanced Engineering battery pack. The MGU is contained in a common transmission casing and gearbox internals provided by Xtrac. The battery, within the chassis survival cell, is built by Williams Advanced Engineering. The HPD Electrical Group completed both hardware and software development to best match the spec MGU and battery pack to the Acura ICE.
"We've taken the challenge presented by this new rule package from IMSA and the ACO, and developed what we believe is a very competitive solution," said Pierre Descamps, who led HPD's powertrain design team for the ARX-06. "We've gone in a new direction for HPD in the design of the ICE. It is still a V6, which of course for Honda is well-known, but we have incorporated several new elements which we believe will make best use of the electric MGU and battery pack. Our new engine will rev to the maximum 10,000 rpm set by the rules, so it also makes a wonderful sound!"
Chassis
Both IMSA in North America and FIA World Endurance Championship rules require manufacturers to use one of four approved prototype chassis, fitted with IMSA and ACO-homologated, manufacturer-designed and branded bodywork and engines.
In the case of the ARX-06, HPD and Acura have elected to continue their successful relationship with ORECA [ORganisation Exploitation Compétition Automobiles]. Since moving into chassis design and construction in 2007, ORECA has produced a series of winning sports prototypes, including the Acura ARX-05.
"We're extremely pleased with our relationship with ORECA," said Mark Crawford, HPD Large Project Leader for the ARX-06. They've been great partners throughout both our ARX-05 DPi program and now with the ARX-06. The GTP [Grand Touring Prototype] project has brought with it a new set of challenges and, while you certainly can see the Acura 'family resemblance' to our previous collaboration, the ARX-06 is an entirely new design."
HPD's Vehicle Performance Group worked closely with the ORECA design team and engineers to simulate chassis layout geometries and lap time optimization studies. They also "coded" the new car into HPD's static and dynamic Driver in the Loop simulators to begin development of the car's vehicle dynamics and vehicle dynamic control systems.
Critical to the projects was a clean sheet hybrid powertrain control system, brake-by-wire and vehicle dynamics control system – all written in-house at HPD. This control system architecture was implemented on a Formula 1-spec ECU hardware platform. HPD also utilizes its custom, in-house developed ultra-high speed data logging system.
Salters praised the ORECA-HPD relationship during the development process. "I would like to note the stand-out collaboration between the ORECA and HPD engineering groups. Working with the extremely talented ORECA engineers on chassis and aero design and powertrain installation has been a real pleasure. Both groups have put their heart and soul into this intense project and sophisticated race car," he said.
Bodywork and Aerodynamics
Exterior styling of the Acura ARX-06 was led by the Acura Design Studio in Los Angeles, California, in conjunction with HPD and chassis-supplier ORECA, one of the chassis suppliers approved for prototype competition in both the IMSA WeatherTech SportsCar Championship and the World Endurance Championship.
HPD's aerodynamics engineers and in-house CFD aero engineers worked with the Acura styling studio and chassis builder ORECA to help develop the styling and maximize the aerodynamic performance envelope of the ARX-06, while keeping it within the homologation boxes as specified by IMSA and the FIA.
"The process we used in creating the exterior design for the Acura ARX-06 is exactly the same as how we create a new Acura passenger vehicle," said Dave Marek, Acura Executive Creative Director.
"As part of our Precision Crafted Performance Brand Promise, we treated it as an integral part of our lineup. The same world-class stylists that lead Acura production car design created initial sketches, then pared those down to several potential designs. Next, we created a scale model, did aero and wind tunnel model testing, and brought HPD and our partner teams in for their feedback," Marek recounted. "The design continued to be refined throughout the testing and evaluation process, until we came up with a final treatment that met our performance goals while maintaining all-important Acura styling cues. It's been an exciting process."
Driver and team input was also sought throughout the design process. One effective change was a revision to the placement of the rearview mirrors – a seemingly minor adjustment that in fact has a large effect on vehicle aerodynamics. Using VR headsets, the drivers were able to sit in the car virtually and recommend a much lower placement for the side mirrors, improving both the aero efficiency of the ARX-06 and visibility for the drivers.
Partner Teams
Acura will continue its partnerships with the proven, race- and championship-winning Wayne Taylor Racing and Meyer Shank Racing organizations to campaign a pair of hybrid-powered Acura ARX-06 entries in the featured GTP category of the 2023 IMSA WeatherTech SportsCar Championship, North America's premier endurance sports car racing championship.
In addition to sweeping all three major IMSA prototype titles in both 2019 and 2020 – for Manufacturers', Drivers' and Teams – Acura has won the Rolex 24 at Daytona in both 2021 and '22, including a 1-2 finish for the manufacturer at this year's twice-around-the-clock endurance classic. Additional podiums at Sebring, Watkins Glen and the Petit Le Mans in 2021 resulted in a sweep of IMSA Michelin Endurance Cup titles for Acura and partner Wayne Taylor Racing.
This season, Wayne Taylor Racing has recorded four wins and a second to rank lead the IMSA Drivers' and Teams' championships heading into the final race of the season at Road Atlanta in October. Meanwhile, Meyer Shank Racing started off 2022 with a second consecutive Acura victory in the Rolex 24 at Daytona and five second-place finishes in eight races to rank second in both the drivers' and teams' standings.
These results have unofficially clinched the 2022 IMSA Manufacturers' Championship for Acura; while the Drivers' and Teams' titles will go to either Meyer Shank Racing or Wayne Taylor Racing.
Acura ARX-06 Development Timeline
"We started with the rule book, a challenging spirit and an open mind," said Salters. "Then our engineers got to work, utilizing all of the vehicle performance, powertrain simulation and development tools we have at HPD to address the critical areas for performance, including weight, power, packaging, center of gravity, etc." Here is a timeline of the development process for the Acura ARX-06:
- The HPD Vehicle Performance Group used simulation tools to determine the overall vehicle envelope and key requirements that would need to be met to maximize performance. Efficiency, power, weight distribution, aero balance, center of gravity, tire energy, hybrid management and chassis stiffness were some of the parameters included in determining the core architecture guidelines.
- This process determined the key architecture for the Internal Combustion Engine [ICE], displacement, fuel injection and turbocharging strategy, and the intercooler layout.
- The Design Group then schemed different concepts and weight aspects over a three-week evaluation period.
- The Acura ARX-06 concept was then finalized in a single meeting of HPD technical leaders, who then signed off on the project.
- Prototype parts were designed and produced for testing in HPD's in-house single cylinder research engine. These parts were manufactured within 4 weeks.
- The HPD Development Group tested these concepts, analyzing performance, efficiency, combustion characteristics, heat rejection etc. Results were analyzed and compared to the initial simulations – the simulation results were spot-on and validated.
- Simulation work also was carried out for a novel intercooler packaging and anti-tune induction concept to reach the performance targets while allowing the downsized engine to meet the 500Kw rules target without damaging combustion "events".
- Next, parts were designed and built for the V6 internal combustion engine, including machined from billet sump, block, front cover and ancillary parts made using in-house agile manufacturing techniques. Five months after the initial simulation and concept study, the Acura V6 ICE ran on the dyno and met all performance targets.
- The complete control system – written jointly by HPD's Electrical Control Systems group, Vehicle Performance and Performance Application groups – was prototyped in HPD's Hardware-In-the-Loop and Driver-In-the-Loop simulator systems.
- The control system was then taken to the state-of-the art transient dyno facility at HPD where engineers tested the complete hybrid powertrain – ICE-Hybrid MGU-Gearbox. This system simulates key aspects of the cars during track running and the durability cycle, including running complete "laps" of a circuit, including 12- and 24-hour endurance runs with shifting, acceleration and braking all reproduced on the dyno.
- The Aerodynamic Group at HPD made use of its in-house CFD capability during the design phase to optimize aerodynamic and cooling performance. The group worked closely with ORECA on the overall aerodynamic concept of the ARX-06. This has been recently validated in a full-scale wind tunnel test. HPD aerodynamists, using advanced simulation techniques, are working with IMSA and the ACO to ensure the safety of the racing car, and that it satisfies stringent flip-over criteria for high speed prototype sportscars.
Acura ARX-06 Details
- Will compete in the 2023 IMSA WeatherTech SportsCar Championship
- Carbon fiber monocoque chassis manufactured by ORECA
- Acura-specific bodywork, aerodynamics and cooling systems
- Double wishbone, pushrod suspension front and rear, Penske dampers
- FIA-specified roll cage structure, carbon fiber driver's seat shell, six-point safety harness, fresh air intake system, on-board fire suppression system
- Bespoke Acura 2.4-liter, twin-turbocharged, direct injected V6 internal combustion engine designed and manufactured by HPD, mated to IMSA and ACO-specified electric Bosch Motor Generator Unit (MGU) and Williams Advanced Engineering battery pack
- IMSA and ACO-specified XTrac six-speed, sequential, paddle-operated transmission, rear-wheel drive
- Chassis dimensions: 5100mm length x 2000mm width x 1060mm height (above reference plane); 3148mm wheelbase
About Acura Acura is a leading automotive nameplate that delivers Precision Crafted Performance – a commitment to expressive styling, high-performance and innovative engineering, all built on a foundation of quality and reliability. The Acura lineup currently features five distinctive models – the next-gen Integra sport compact, TLX sport sedan, the RDX and MDX sport-utility vehicles, and the electrified NSX supercar, along with high-performance Type S variants. All Acura vehicles sold in America are made in the U.S., using domestic and globally sourced parts.
About Honda Performance Development
Honda Performance Development, Inc. (HPD), has a rich heritage creating, manufacturing, and supporting Honda Racing and Acura Motorsports customers since 1993. From pinnacle racing in INDYCAR and IMSA Sports Cars to commercial racing programs, HPD powers the dreams of professional and amateur racers from age 4 to 40+. HPD is a wholly owned subsidiary of American Honda Motor Co., Inc. and leads all of Honda and Acura's high-performance racing programs in North America. HPD specializes in the design and development of powertrain, chassis, electronics and performance parts, as well as technical and race support. HPD offers parts and race support to Honda and Acura amateur and professional motorsports racers, and is continually expanding its palette of racing programs that make Honda racing products available to all racing styles, from karting and Quarter Midgets to the highest levels of pro racing.
For More Information Consumer information is available at http://www.acura.com. To join the Acura community on Facebook, visit http://www.facebook.com/acura. Additional media information including pricing, features and high-resolution photography is available at acuranews.com/channels/acura-automobiles.
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SOURCE Acura Motorsports | https://www.wibw.com/prnewswire/2022/08/17/acura-unveils-all-new-electrified-arx-06-race-car/ | 2022-08-17T15:12:41Z |
Follador Prosecco dal 1769's expansion abroad goes from strength to strength: the company from Valdobbiadene has signed a partnership agreement with M Imports, LLC who will become its sole importer for the United States and promote the brand with its innovative and cosmopolitan approach and centuries-old origins and traditions.
DALLAS, April 13, 2022 /PRNewswire/ -- In its mission to further expand this important overseas market, Follador Prosecco has reached an agreement with M Imports, LLC who will become its sole importer for the United States. This partnership will bring the company's flagship and new products to the public's attention, consolidating business prospects and the trust of connoisseurs around the world.
M Imports, LLC will coordinate a network of top distribution partners in the USA to promote the exclusive products of this well-respected brand with scores of international awards to its name. The partnership will focus on the demanding, cosmopolitan U.S. clientele and involve trade and consumers, communicating the family's history and principles which are reflected in the beautiful land lying between the Dolomites and Venice which has been recognised as a UNESCO Heritage Site.
"This marks the beginning of a great opportunity for Follador Prosecco and we are excited to see what the future holds for our business - said Cristina Follador, the company's Sales & Marketing Director - our family has always strived to deliver the excellence and traditions of our terroir with an innovative approach and M Imports is the ideal partner for our U.S. expansion, thanks to the solid international reputation, expertise and passion for the world of wine of Mark Macedonio and his team".
"The stylish, contemporary and recognizable image of Follador Prosecco is the perfect fit for our U.S. portfolio, and network of leading wholesale distributors, retailers and restaurateurs. Their newest entry Follador XZero Valdobbiadene Prosecco DOCG Extra Brut has 0 grams Residual Sugar, 1 gram Carbs, 65 Kcal is Vegan-Friendly and rated 93 points Wine Enthusiast. Truly an innovation. This leading-edge producer consistently demonstrates superior quality, always while representing the great Italian tradition - said Mark Macedonio, CEO of M Imports, LLC – we are proud to be part of this next chapter in Follador's global expansion.
M Imports, LLC is an importer of national scope, with a network of leading wholesale distribution partners across the United States. The company markets wines from Portugal, Spain, Italy, Argentina and Australia.
www.mimportsusa.com
The Follador Prosecco dal 1769 winemaking tradition dates back more than 250 years, in an area where the respectful interaction between man and nature has created a beautiful landscape, recognised as a UNESCO World Heritage Site. Praise for its wines first came from the Doge of Venice, Alvise IV Mocenigo, in 1769 and since then the history of the company has been inextricably bound to the values of the Follador family which, with its respect for tradition, its deep love for the Valdobbiadene terroir and meticulous selection of its grapes, has passed on its wealth of knowledge and quality to nine generations.
www.folladorprosecco.com
CONTACT: Mark Macedonio, mark@mimportsusa.com
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SOURCE M Imports, LLC | https://www.kxii.com/prnewswire/2022/04/13/follador-prosecco-m-imports-llc-partner-launch-prestigious-prosecco-brand-usa/ | 2022-04-13T14:00:18Z |
Venice man arrested in internet sex sting
POLK COUNTY, Fla. (WWSB) - A Venice man is one of 13 men caught in an undercover online sex sting in Polk County, the Polk County Sheriff’s Office says.
John DeSarli, Jr., 39, is facing charges after deputies say he had an online conversation with a person he thought was a 14-year-old girl and tried to meet her for sex.
It was part of a weeklong operation named “Operation Cyber Guardian II,” where detectives posed as children on social media platforms, mobile apps, and online dating sites.
Deputies say on Sept. 2, DeSarli engaged in an online conversation on a social networking site with a detective posing as a 14-year-old girl.
The “girl” told him she was 14 and asked if he was alright with her age. He replied, “Yes love Let’s make it happen” and described how he planned to engage in sex with the girl. He also sent lewd photographs.
DeSarli traveled to an undercover location to have sex with the “child” where he was arrested. Detectives say they found cocaine, heroin, and drug paraphernalia in his alarm company work vehicle, which he used to travel to the rendezvous.
He was booked into the Polk County Jail and charged with:
- One count traveling to meet a minor for sex
- One count use of a two-way communication device to commit a felony
- Two counts transmitting harmful material to a minor
- One count attempted lewd battery
- One count possession of cocaine
- One count possession of heroin
- One count possession of drug paraphernalia
He was released after paying a $25,500 bond.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/09/15/venice-man-arrested-internet-sex-sting/ | 2022-09-15T20:29:09Z |
LAKE FOREST, Ill., May 3, 2022 /PRNewswire/ -- EOS Canada Inc. announced today it would change its corporate name to Transworld Systems Canada Inc. following its acquisition by U.S.-based Transworld Systems Inc. (TSI).
TSI, the largest provider of analytics and technology-enabled accounts receivable management (ARM) solutions in the United States, entered the Canadian market via the acquisition of EOS Canada Inc. in December 2021. Transworld Systems Canada Inc. retains the former operations and personnel of EOS Canada Inc.
"As a part of the TSI family, our Canadian customers will have access to new capabilities including proprietary collection analytics and digital/omni channel collections technology," said Jim Shaw, President of Transworld Systems Canada Inc." I am also excited to expand our product offering to the Canadian market to include customer experience (CX) and business process outsourcing (BPO)."
About Transworld Systems Inc.
TSI is the largest technology-enabled provider of Accounts Receivable Management (ARM) solutions in the United States and Canada. The Company's solutions include debt collections, customer relationship management and business process outsourcing. TSI also owns UAS, a technology-enabled primary loan servicer for student loans. TSI differentiates itself with its collection analytics, digital collections technology, global scale, and an industry-leading compliance management system. Its clients include Fortune 100 corporations, financial institutions, hospitals, government agencies, property management companies, and small and medium-sized businesses. To learn more, please visit tsico.com.
Media Contacts:
Jim Shaw, President, Transworld Systems Canada Inc.
Jshaw@tsico.ca
Jonathan Thompson, Chief Legal & Compliance Officer
Jonathan.Thompson@tsico.com
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SOURCE Transworld Systems Inc. (TSI) | https://www.mysuncoast.com/prnewswire/2022/05/03/eos-canada-inc-rebrands-transworld-systems-canada-inc/ | 2022-05-03T16:46:48Z |
Published: May. 11, 2022 at 3:15 PM CDT|Updated: 1 hour ago
Adjusted EBITDA(1) growth of 16.5% to $277.1 million driven by highly differentiated business model
LONDON, UK, May 11, 2022 /PRNewswire/ - Atlas ("Atlas" or the "Company") (NYSE: ATCO) announced today its results for the quarter ended March 31, 2022.
Financial Highlights:
First quarter 2022 financial performance compared to first quarter 2021:
Robust balance sheet with liquidity of $951.3 million, total borrowings(1) to total assets of 53.2%
Comments from Management: Bing Chen, President and CEO of Atlas, commented: "Following a strong 2021 performance, Atlas continued its solid financial results in the first quarter of 2022. Seaspan strengthened its customer partnership with a global liner by forward fixing charters for 18 vessels, leveraging our creative customer solutions and differentiated business model. Despite the pandemic and European conflict, Seaspan continued diligently executing its newbuild program with one newbuild delivery in April ahead of schedule. Our entire newbuild program remains on track thanks to our experienced teams and integrated platform that have now delivered 114 newbuilds."
"APR Energy also delivered solid performance as we continue to leverage Atlas' five key competencies to pivot the business to longer-term, predictable cash flow opportunities. APR secured three new deployments, which includes the renewal of APR's IID contract in California for 74 MW, a new market contract in Brazil for 226 MW, and the dry leasing of five turbines for 120 MW. Focusing on operational excellence and creative partnership, APR successfully extended its Brazil contract from 12 months to 44 months, furthering its growth strategy of providing longer-term energy capacity solutions."
"With our customers' trusted partnerships, our dedicated team and differentiated business model, we are well positioned to drive future quality growth and continue delivering increasing shareholder value."
Graham Talbot, CFO of Atlas, commented, "I am very proud of our entire team's consistent high-performance during a period of considerable global uncertainty. These results demonstrate the resilience of our fully integrated platform which provides consistent delivery in all market conditions. Our continued focus on optimizing our capital structure, coupled with a gross contracted cash flow balance of $18.1 billion and liquidity balance of $951.3 million as of quarter end, positions Atlas to continue executing on our track-record of disciplined capital allocation and quality growth."
"We are pleased to see a strong vote of confidence from our strategic shareholder, Fairfax Financial, who exercised warrants to purchase 25 million common shares of Atlas in April. This resulted in proceeds of over $200.0 million dollars to Atlas which will be used to repay outstanding debt and for other general corporate purposes. This is yet another demonstration of our shareholders' continued confidence in our highly differentiated, risk-adjusted, capital allocation business model."
Significant Developments in the First Quarter of 2022 & Subsequent Events
Containership Sale Developments
In February 2022, Seaspan completed the sale of one vessel for gross proceeds of $32.8 million. Seaspan continues to manage the ship operations of this vessel pursuant to a management agreement entered into in connection with the sale. As of March 31, 2022, Seaspan had also entered into agreements for five more vessel sales, one of which closed in April 2022. The remaining four vessel sales are expected to complete in the second quarter of 2022, subject to closing conditions.
In April 2022, Seaspan entered into agreements for the sale of an additional four 4,250 TEU vessels. The sales are expected to be completed in the second and third quarters of 2022, subject to closing conditions.
The table below summarizes our Containership Leasing fleet:
Containership Leasing and Newbuild Developments
Seaspan entered into proactive lease extensions for 18 operating vessels in the first quarter of 2022.
In April 2022, Seaspan accepted delivery of its fourth 12,200 TEU vessel which commenced an 18-year bareboat charter upon delivery.
Mobile Power Generation Developments
APR Energy entered into contracts to provide a customer with up to 226 MW of gas power generation capacity in Itaguaí, Rio De Janeiro, for a minimum of 12 consecutive months commencing in May 2022. In March 2022, APR Energy extended this 12-month gas generation capacity contract in Brazil to a 44-month contract. Additionally, APR Energy entered into a contract with a US counterparty to provide a dry rental of five turbines representing 120 MW for a minimum of 12 consecutive months which commenced in February 2022. APR Energy also entered into a contract with Imperial Irrigation District ("IID") for three turbines to provide grid stabilization solutions to Southern California. The contract with IID represents its first renewal with APR Energy.
Financing Development
On February 16, 2022, Seaspan closed its new $250.0 million 3-year unsecured revolving credit facility (the "New Seaspan RCF"), which replaces a $150.0 million 2-year unsecured revolving credit facility. The New Seaspan RCF includes several new lenders and improvements driven by Seaspan's improving credit quality, including greater liquidity, tenor and pricing.
Exercise of Fairfax Warrants
On April 7, 2022, Fairfax Financial Holdings Limited ("Fairfax") exercised warrants to purchase 25.0 million common shares of Atlas. The warrants, which were originally issued on July 16, 2018, had an exercise price of $8.05 per common share for an aggregate exercise price of $201.3 million. Immediately following this exercise, Fairfax and its affiliates held in aggregate 124,805,753 common shares, representing 45.1% of the then issued and outstanding common shares of Atlas. Fairfax continues to hold 6.0 million warrants.
Distribution
On April 7, 2022, the Board of Directors of Atlas declared a quarterly distribution in the amount of $0.125 per common share. Regular quarterly dividends on the Series D, Series H, Series I and Series J preferred shares were also declared. All dividends were paid on May 2, 2022.
Common Shares Outstanding
As of May 1, 2022, there were 276.9 million common shares outstanding.
Consolidated Results:
The following table summarizes Atlas' consolidated results for the three months ended March 31, 2022, and March 31, 2021.
Financial Results Summary:
Revenue growth of 9.5% to $408.1 million for the three months ended March 31, 2022, compared to the same period in 2021.
For the quarter ended March 31, 2022, 16.0% of revenue growth was attributable to the Containership Leasing segment, of which 67% was attributable to the existing asset base, and 33% was attributable to assets added during the year. For the quarter ended March 31, 2022, there was a 42.7% decrease attributable to the Mobile Power Generation segment. The lower revenue is primarily due to an injunction at one of our project sites which commenced in March 2021. We are indemnified for the lost revenue and have recognized a corresponding recovery under the acquisition agreement for this indemnity.
Adjusted EBITDA growth of 16.5% to $277.1 million for the three months ended March 31, 2022, compared to the same period in 2021. The growth was primarily driven by the increase in revenue.
FFO Per Share growth of 21.7% to $0.73 for the three months ended March 31, 2022, compared to the same period in 2021. The growth was primarily driven by the increase in revenue.
Diluted EPS was $0.56 for the three months ended March 31, 2022, compared to $0.31 for the same period in 2021. The increase in diluted EPS was primarily driven by the increase in revenue and non-cash gain on derivative instruments related to the increase in the forward LIBOR curve.
Adjusted Diluted EPS growth of 56.0% to $0.39 for the quarter ended March 31, 2022, compared to $0.25 for the same period in 2021. The increase in adjusted diluted EPS is primarily related to the increase in revenue.
Liquidity As of March 31, 2022, Atlas had total liquidity of $951.3 million, consisting of $251.3 million of cash and cash equivalents and $700.0 million of availability under undrawn committed credit facilities. As of March 31, 2022, we also had $6.0 billion of undrawn committed financing related to our newbuild vessels and an unencumbered asset base including 38 vessels with a book value of $1.4 billion.
Segmented Financial Results: The following table summarizes selected segmented financial results for the three months ended March 31, 2022.
Conference Call and Webcast:
Atlas will host a conference call and webcast presentation for investors, analysts and interested parties to discuss its first quarter on May 12, 2022 at 8:30 a.m. ET. Participants should call, 1-877-246-9875, International Dial-In, 1-707-287-9353, Listen Only Toll-Free Dial-In Number, 1-888-556-5741, and Listen Only International Dial-In Number, 1-857-270-6226 and request the Atlas call (conference ID: 9398541). The live webcast and slide presentation are available under "Events & Presentations" at www.atlascorporation.com. A webcast replay will be available until February 17, 2023.
The replay telephone numbers are: US/Canada 1-855-859-2056 or 1-800-585-8367 and International 1-404-537-3406, and the replay passcode is: 9398541. The phone replay will be available until May 11, 2023.
About Atlas
Atlas is a leading global asset management company, differentiated by its position as a best-in-class owner and operator with a focus on disciplined capital deployment to create sustainable shareholder value. We target long-term, risk-adjusted returns across high-quality infrastructure assets in the maritime sector, energy sector and other infrastructure verticals. For more information visit atlascorporation.com.
About Seaspan
Seaspan is the largest global containership lessor, primarily focused on long-term, fixed-rate leases with the world's largest container shipping liners. As at March 31, 2022, Seaspan's operating fleet consisted of 132 vessels with a total capacity of 1,147,980 TEU, and an additional 67 vessels under construction, increasing total fleet capacity to 1,959,380 TEU, on a fully delivered basis. For more information, visit seaspancorp.com.
About APR
APR provides rapidly deployable, large-scale power and fast-track mobile power to underserved markets and industries. APR's mobile, turnkey power plants help run industries, cities and countries globally in both developed and developing markets. For more information, visit aprenergy.com.
ATLAS CORP. UNAUDITED CONSOLIDATED BALANCE SHEETS (IN MILLIONS OF U.S. DOLLARS)
ATLAS CORP. UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS (IN MILLIONS OF U.S. DOLLARS, EXCEPT SHARES IN THOUSANDS AND PER SHARE AMOUNTS)
ATLAS CORP. UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (IN MILLIONS OF U.S. DOLLARS)
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the amounts shown in the consolidated statements of cash flows:
ATLAS CORP. NON-GAAP RECONCILIATIONS NET EARNINGS TO FUNDS FROM OPERATIONS
ATLAS CORP. NON-GAAP RECONCILIATIONS NET EARNINGS TO FUNDS FROM OPERATIONS
ATLAS CORP. NON-GAAP RECONCILIATIONS NET EARNINGS TO ADJUSTED EPS
ATLAS CORP. NON-GAAP RECONCILIATIONS NET EARNINGS TO ADJUSTED EBITDA
ATLAS CORP. NON-GAAP RECONCILIATIONS OPERATING NET DEBT TO ADJUSTED EBITDA
ATLAS CORP. NON-GAAP RECONCILIATIONS OPERATING NET DEBT TO ADJUSTED EBITDA
This release includes various financial measures that are non-GAAP financial measures as defined under the rules of the United States Securities and Exchange Commission ("SEC"). These non-GAAP financial measures, which include FFO, FFO Per Share, Diluted ("FFO Per Share"), Adjusted Earnings, Adjusted Earnings Per Share, Diluted ("Adjusted EPS"), Adjusted EBITDA, Net Debt, Operating Net Debt and Total Borrowings, are intended to provide additional information and are not prepared in accordance with, and should not be considered substitutes for financial measures prepared in accordance with U.S. generally accepted accounting principles ("GAAP"). Investors are cautioned that there are material limitations associated with the use of the non-GAAP financial measures as an analytical tool.
FFO and FFO PerShare represent net earnings adjusted for depreciation and amortization, gains/losses on sale, unrealized change in fair value of derivative instruments, loss on foreign currency repatriation, change in contingent consideration asset, preferred share dividends accumulated, impairment, loss on debt extinguishment and certain other items that management believes are not representative of its operating performance. FFO and FFO Per Share are useful performance measures because they exclude those items that management believes are not representative of its performance.
FFO and FFO Per Share are not defined by GAAP and should not be considered as an alternative to net earnings, earnings per share or any other indicator of the Company's performance required to be reported by GAAP. In addition, these measures may not be comparable to similar measures presented by other companies.
Adjusted Earnings and Adjusted EPS represent net earnings adjusted for preferred share dividends accumulated, impairment, loss on debt extinguishment, unrealized change in fair value on derivative instruments and certain other items that management believes are not representative of its ongoing performance.
Adjusted Earnings and Adjusted EPS are not defined by GAAP and should not be considered as an alternative to net earnings, net earnings per share or any other indicator of the Company's performance required to be reported by GAAP. In addition, these measures may not be comparable to similar measures presented by other companies and the closest measure is net earnings. Management believes that these metrics are helpful in providing investors with information to assess the ongoing operations of the business.
Adjusted EBITDA represents net earnings before interest expense and income, tax expense, depreciation and amortization, impairment, write-down and gains/losses on sale, gains/losses on derivative instruments, loss on foreign currency repatriation, change in contingent consideration asset, loss on debt extinguishment, other expenses and certain other items that management believes are not representative of its operating performance.
Adjusted EBITDA provides useful information to investors in assessing the Company's results from operations. Management believes that this measure is useful in assessing performance and highlighting trends on an overall basis. Management also believes that this performance measure can be useful in comparing its results with those of other companies, even though other companies may not calculate this measure in the same way. The GAAP measure most directly comparable to Adjusted EBITDA is net earnings. Adjusted EBITDA is not defined by GAAP and should not be considered as an alternative to net earnings, or any other indicator of the Company's performance required to be reported by GAAP.
Total Borrowings represents long-term debt and other financing arrangements, excluding deferred financing fees. Operating borrowings represents Total Borrowings less amounts related to vessels under construction.
Net Debt represents Total Borrowings before debt discount and fair value adjustments, net of cash and cash equivalents and restricted cash. Operating Net Debt represents Net Debt less amounts related to vessels under construction.
Net Debt and Total Borrowings provide useful information to investors in assessing the Company's leverage. Management believes these measures are useful in assessing the Company's ability to settle contracted debt payments. Management also believes that these leverage measurements can be useful in comparing the Company's position with those of other companies, even though other companies may not calculate these measures in the same way. The GAAP measure most directly comparable to Net Debt and Total Borrowings is the total of long-term debt and other financing arrangements. Net Debt and Total Borrowings are not defined by GAAP and should not be considered as an alternative to long-term debt and other financing arrangements, or any other indicator of the Company's financial position required to be reported by GAAP.
This release contains forward-looking statements (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act). Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," "projects," "forecasts," "will," "may," "potential," "should" and similar expressions are forward looking statements. These forward-looking statements represent Atlas' estimates and assumptions only as of the date of this release and are not intended to give any assurance as to future results. As a result, you are cautioned not to rely on any forward-looking statements. Forward-looking statements appear in a number of places in this release. Although these statements are based upon assumptions Atlas believes to be reasonable based upon available information, they are subject to risks and uncertainties. These risks and uncertainties include, but are not limited to:
Atlas' future operating and financial results;
Atlas' future growth prospects;
Atlas' business strategy and capital allocation plans, and other plans and objectives for future operations;
Atlas' primary sources of funds for short, medium and long-term liquidity needs;
potential acquisitions, financing arrangements and other investments, and the expected benefits from such transactions;
Atlas' financial condition and liquidity, including its ability to realize the benefits of recent financing activities, borrow and repay funds under its credit facilities, its ability to obtain waivers or secure acceptable replacement charters under the credit facilities, its ability to refinance existing facilities and notes, and to obtain additional financing in the future to fund capital expenditures, acquisitions and other general corporate activities;
conditions in the public equity market and the price of Atlas' shares;
changes in governmental rules and regulations or actions taken by regulatory authorities, and the effect of governmental regulations on Atlas' business;
the financial condition of Seaspan's and APR's customers, lenders and other counterparties and their ability to perform their obligations under their agreements with Seaspan and APR, respectively;
the continued ability to meet specified restrictive covenants in Atlas' and its subsidiaries' financing and lease arrangements, notes and preferred shares;
any economic downturn in the global financial markets and potential negative effects of any recurrence of such disruptions on the demand for the services of Seaspan's containerships or APR's mobile power solutions or on our customers' ability to charter our vessels, lease our power generation assets and pay for our services;
the length and severity of the novel coronavirus (COVID-19) pandemic, including as a result of new variants of the virus, and its impact on Atlas' business;
a major customer experiencing financial distress, due to the COVID-19 pandemic, bankruptcy or otherwise;
global economic and market conditions and shipping industry trends, including charter rates and other factors affecting supply and demand for our containerships and power generation solutions;
disruptions in global credit and financial markets as the result of the COVID-19 pandemic or otherwise;
Atlas' expectations as to impairments of its vessels and power generation assets, including the timing and amount of potential impairments;
the future valuation of Atlas' vessels, power generation assets and goodwill;
future time charters and vessel deliveries, including future long-term charters for certain existing vessels;
estimated future capital expenditures needed to preserve the operating capacity of Seaspan's containership fleet and comply with regulatory standards, as well as Atlas' expectations regarding future dry-docking and operating expenses, including ship operating expense and expenses related to performance under our contracts for the supply of power generation capacity, and general and administrative expenses;
availability of crew, number of off-hire days and dry-docking requirements;
Seaspan's continued ability to maintain, enter into or renew primarily long-term, fixed-rate time charters for its vessels and leases of our power generation assets;
the potential for early termination of long-term time charters and Seaspan's potential inability to enter into, renew or replace long-term time charters;
Seaspan's ability to leverage to its advantage its relationships and reputation in the containership industry;
changes in technology, prices, industry standards, environmental regulation and other factors which could affect Atlas' competitive position, revenues and asset values;
disruptions and security threats to our technology systems;
taxation of Atlas and of distributions to its shareholders;
Atlas' exemption from tax on U.S. source international transportation income;
the continued availability of services, equipment and software from subcontractors or third-party suppliers required to provide APR's power generation solutions;
APR's ability to protect its intellectual property and defend against possible third-party infringement claims relating to its power generation solutions;
Atlas' ability to achieve or realize expected benefits from ESG initiatives;
potential liability from future litigation;
other factors detailed from time to time in Atlas' periodic reports; and
other risks that are not currently material or known to us.
Forward-looking statements in this release are estimates and assumptions reflecting the judgment of senior management and involve known and unknown risks and uncertainties. These forward-looking statements are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond Atlas' control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Accordingly, all forward-looking statements should be considered in light of various important factors listed above and including, but not limited to, those set forth in "Item 3. Key Information—D. Risk Factors" in Atlas' Annual Report for the year ended December 31, 2021 on Form 20-F filed with the SEC on March 24, 2022.
Atlas does not intend to revise any forward-looking statements in order to reflect any change in its expectations or events or circumstances that may subsequently arise. Atlas expressly disclaims any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in Atlas' views or expectations, or otherwise. You should carefully review and consider the various disclosures included in Atlas' Annual Report and in Atlas' other filings made with the SEC that attempt to advise interested parties of the risks and factors that may affect Atlas' businesses, prospects and results of operations.
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/2022/05/11/atlas-reports-first-quarter-2022-results/ | 2022-05-11T21:27:37Z |
MADRID, July 27, 2022 /PRNewswire/ -- Seedtag, the leader in contextual advertising in EMEA and LATAM, has today announced that it has raised over €250M in funding from private equity investor Advent International.
The company intends to use the funds to further scale its Contextual AI technology, LIZ©, as well as for innovation and worldwide operations, advancing its expansion into the US, the world's largest advertising market, and providing additional firepower for further M&A activity as Seedtag embarks on its next phase of international growth. Growth in the United States is a key strategic focus, with Albert Nieto, co-CEO and co-founder of Seedtag relocating, and offices in New York, Miami, Chicago and Los Angeles now established.
Over the past eight years, Seedtag has built a privacy-first advertising solution, pioneering the use of AI and machine learning to create the best contextual product in the market. Seedtag's solution is currently the leading contextual solution in Europe and Latin America, with its AI and programs such as Seedtag LAB providing advertisers with a much deeper understanding of user interest without the use of personal data.
Seedtag aims to continue moving forward on its mission to become the global contextual advertising partner for brands and publishers. This investment represents a large step forward, following the outstanding success during the past year. This includes the acquisition of French adtech company KMTX (previously Keymantics), a leading French company specialized in building AI models to optimize and automate performance marketing campaigns, and securing funding from Oakley Capital last year.
As part of the transaction, Seedtag's core existing institutional investors - Oakley Capital, Adara and All Iron Ventures - will remain investors, supporting the company in its next phase of growth.
Jorge Poyatos and Albert Nieto, co-founders and co-CEOs of Seedtag, will continue as investors, leading the business from both its Spanish and US headquarters.
Jorge Poyatos and Albert Nieto, co-founders and co-CEOs of Seedtag, stated: "We're very excited about this partnership with Advent. This investment will massively accelerate our US expansion, boost our growth and reinforce our team and the development of our technology. This move further supports our mission of building the global leading platform for contextual advertising, offering an effective solution for cookieless advertising on the open web."
Gonzalo Santos, Managing Director at Advent International and Head of Spain, said: "Seedtag has established itself as a leading player in Europe and Latin America in the very dynamic contextual advertising sector. We are delighted to partner with Jorge and Albert as they continue to build on this momentum. With our international presence and deep sector expertise, Advent will work with the Seedtag management team to further expand the business internationally. We look forward to supporting this hugely exciting business to grow and scale-up and to taking it to the next level."
LionTree acted as exclusive financial advisor to Seedtag. Kirkland & Ellis acted as legal advisor to Seedtag. Uria and Citigroup acted as advisors to Advent.
About Seedtag
Seedtag is the leading Contextual Advertising Company that creates highly impactful and engaging solutions for relevant premium visual content, powering targeting and returns for top publishers and the finest brands. The company's contextual A.I. allows brands to engage with consumers within their universe of interest on a cookie-free basis.
Seedtag was founded in Madrid in 2014 by two ex-Googlers who wanted to get the most out of editorial images and to this day it is a global company that more than 300 employees and an important international presence with offices in Spain, France, Italy, UK, Benelux, Germany, Mexico, Brazil, Colombia, United Arab Emirates, Argentina, Chile and the US.
About Advent International
Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 395 private equity investments across 41 countries, and as of March 31, 2022, had €68.6 billion in assets under management. With 15 offices in 12 countries, Advent has established a globally integrated team of 270 private equity investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors, including business and financial services; health care; industrial; retail, consumer and leisure; and technology. For over 35 years, Advent has been dedicated to international investing and remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies.
Advent is an experienced investor in the media, marketing and digital transformation sectors, with deep expertise and global experience. Relevant investments in this space include Ansira, a Leading data-driven, technology-enabled marketing solutions provider, specializing in the integration of local and national marketing programs; CI&T, the leading provider of digital transformation services in Brazil; Encora, a global digital engineering services company specializing in software product development; Nielsen IQ, a comprehensive data, analytics and insights company for global retailers and brands and Tag, an omnichannel content production partner.
Advent began investing in Spain in 1990, making it one of the first international private equity firms to operate in the Iberian Peninsula and has invested over €900 million in the country in total to date.
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SOURCE Seedtag; Advent International | https://www.wibw.com/prnewswire/2022/07/27/seedtag-raises-over-250m-advent-international/ | 2022-07-27T11:01:23Z |
WASHINGTON, July 11, 2022 /PRNewswire/ -- The National Pork Producers Council (NPPC) released a new economic report highlighting how America's pig farmers are significant contributors to the United States' agricultural and overall economy. The report highlights pork industry value chain contributions and growth over the past five years.
"This report underscores how the pork industry is an important pillar to the U.S. economy and the positive ripple effect it has on many other important sectors in the American supply chain," said Holly Cook, NPPC staff economist. "From farm to fork, the combined economic contribution from hog production and pork processing supports more than 600,000 American jobs and generates $178 billion of direct, indirect and induced sales that equate to $57 billion in value-added GDP."
Key takeaways in the report include:
- The pork industry supports 613,823 direct and indirect jobs in the United States.
- In 2021, more than 66,000 pig farms sold more than 140 million hogs worth over $28 billion in gross cash receipts. And the number of U.S. pig farms has grown since 2012.
- Farming and processing sectors are responsible for supporting more than $35 billion in personal income and boosts economic activity in related services such as trucking, grain elevators, insurance and other rural-based businesses.
- In 2021, approximately 25% of U.S. pork was exported abroad, which equates to 7 billion pounds of pork valued at $8 billion. In addition, exports added more than $62 per head in value to each pig marketed in 2021.
- The pork industry generates significant economic activity through its purchase of inputs. Feed inputs, such as corn and soybean meal, account for an estimated 56% of total U.S. production costs.
"It's vital to share this economic snapshot as America's pork producers continue to engage with regulators and policymakers, food companies and others to convey how our businesses directly and indirectly impact the larger economy," said Terry Wolters, NPPC president and owner of Stoney Creek Farms in Pipestone, Minnesota. "As a producer, this analysis makes me proud to see the impact I have being part of the thriving U.S. pork industry."
In addition to the national report, NPPC released 22 state-level economic reports. These reports highlight how the pork industry contributes at a grassroots level and shows the breadth of the industry producing affordable, safe and nutritious pork for consumers here and abroad.
View more pork industry economic data at NPPC.org/The-Pork-Industry.
NPPC is the global voice for the U.S. pork industry, protecting the livelihoods of America's 66,000 pork producers who abide by ethical principles in caring for their animals; in protecting the environment and public health; and in providing safe, wholesome, nutritious pork products to consumers worldwide. For more information, visit www.nppc.org.
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SOURCE National Pork Producers Council | https://www.mysuncoast.com/prnewswire/2022/07/11/new-report-highlights-us-pork-industry-contributions-american-jobs-economy/ | 2022-07-11T22:23:48Z |
MOGADISHU, Somalia (AP) — Somalia’s al-Shabab Islamic extremist rebels have attacked a military base of the African Union Transition Mission in Somalia, witnesses told The Associated Press.
The attack started early Tuesday when a vehicle rammed into the fence surrounding the base and exploded in El-Baraf, a strategic town 150 kilometers (93 miles) northeast of the capital Mogadishu in the Middle Shabelle region, residents said.
Residents said they heard massive explosions at the base followed by gunfire.
“While we were preparing to perform the dawn prayer, we heard two loud explosions that hit the base … followed by a heavy exchange of gunfire between the militants and Burundi troops that lasted for almost an hour,” Abshir Ali, a resident of El-Baraf said by phone.
Somalia’s state media confirmed the attack and said the Burundi soldiers at the base repulsed it. Officials have not given an estimate of the numbers killed in the battle.
Plumes of smoke rose from the camp during the fierce gun battle that forced some residents to flee the town, said residents. Helicopters from the African Union force were used to help the Burundi soldiers maintain control of the camp, they said.
Somalia’s al-Shabab Islamic extremist rebels claimed responsibility for the attack. | https://cw33.com/news/international/ap-international/somalias-al-shabab-rebels-attack-african-union-base/ | 2022-05-03T16:49:14Z |
The free biannual digital and print publication features trends, expert advice, and inspiration.
GRAND RAPIDS, Mich., May 19, 2022 /PRNewswire/ -- Campspot, the leading online marketplace for RV resorts, family campgrounds, cabins, glamping options and more, has partnered with Pinterest to publish the first edition of The Campspot Outdoor Almanac, an outdoor enthusiast's guide to all of their favorite outdoor activities. From stargazing to national parks to seasonal recipes, the Campspot Outdoor Almanac includes eight unique sections that feature key dates and events, trending data from both Pinterest and Campspot, expert advice, destination spotlights, and insights from a national survey conducted by Campspot.
In addition to the Campspot Outdoor Almanac, travelers can check out this summer and fall's leading trends and plan the perfect camping itinerary with the Campspot + Pinterest board, a one-stop-shop for travelers to plan trips with Pinterest and book their stays with Campspot.
Top insights from the Campspot Outdoor Almanac include:
- People are more excited to travel than ever: More than 63 million people engage with travel content on Pinterest every month, which makes it one of the biggest platforms for planning travel and where millions of people turn when searching for new travel ideas to take inspiration to action. Searches for "travel inspo" increased by +87% during mid-March to mid-April alone and are continuing to rise.
- Camping is still on the rise: As the top online marketplace for camping, Campspot provides access to more than 180,000 campsites across the United States and Canada. In 2021, over 700k campers booked campsites through Campspot, and 707 new campgrounds joined the online marketplace, making it easier than ever for campers to find and book getaways in a matter of minutes.
- Private campgrounds are helping more people visit national parks: While 54% of campers listed visiting national and state parks as a top reason for going camping, national park campsites are becoming increasingly difficult to reserve – but private campgrounds are helping to increase accessibility to national parks. For private campgrounds within 30 miles of a national park, Campspot saw bookings more than double.
- Good WiFi is a shockingly low priority: Campers are much more worried about bugs than spotty WiFi, with a mere 3% citing spotty WiFi as their least favorite aspect of camping.
- Camping isn't just a trip, it's a lifestyle—and a powerful one that travelers use as a lifeline to escape their busy and chaotic lives. In fact, 96% of campers say camping improves their mental health, 91% cited relaxation as their reason for taking a camping trip, and 33% of campers have a goal of becoming a full-time camper!
"We're so excited to share the first-ever Campspot Outdoor Almanac," said Michael Scheinman, CEO of Campspot. "We're always looking for new ways to help campers plan epic adventures, and as the premier source of inspiration of all kinds, Pinterest is the perfect partner to help us launch the first edition." The Campspot Outdoor Almanac is a free biannual digital and print publication. Travelers can sign up to have the next print issue delivered by visiting: http://www.campspot.com/about/outdoor-almanac
About Campspot
Campspot is a leading online marketplace for RV resorts, family campgrounds, cabins, glamping options and more, providing access to more than 180,000 campsites across the United States and Canada. Campspot's real-time, cloud-based campground management solution enables a best-in-class reservation system (site inventory and ancillary add-ons) by giving its customers a POS system and the necessary management tools (utility billing, housekeeping tracking, etc.) to provide the best possible user experience. Campspot provides an intuitive easy-to-navigate guest booking experience that returns relevant and easy-to-modify searches, making planning a vacation seamless.
For more information, please visit www.campspot.com. Follow Campspot on Facebook, Instagram, and Twitter. Download the Campspot Mobile App on Apple IOS HERE and Android HERE.
About Pinterest
People around the world come to Pinterest for inspiration. Pinterest is a visual discovery engine where people find inspiring creators, shop new products, and seek out ideas to take offline. People have saved nearly 300 billion Pins across a range of interests from creating a home office, cooking a new recipe to finding their next vacation destination. Headquartered in San Francisco, Pinterest launched in 2010 and has more than 400+ million monthly active users. Available on iOS and Android, and at pinterest.com.
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SOURCE Campspot | https://www.mysuncoast.com/prnewswire/2022/05/19/campspot-pinterest-reveal-top-summer-travel-trends-first-ever-campspot-outdoor-almanac/ | 2022-05-19T14:01:27Z |
RedTeam's continuing investment in leading jobsite collaboration platform boosts provider's evolving suite of construction solutions
ORLANDO, Fla., Aug. 23, 2022 /PRNewswire/ -- RedTeam Software, a leading construction management software platform provider, announces an update of the jobsite collaboration solution FieldLens by RedTeam. The update enhances FieldLens by RedTeam with PDF markup and redlining capabilities.
FieldLens is a dynamic, intuitive jobsite collaboration software for construction companies of all sizes that keeps project teams connected in real time. Built for both mobile and desktop environments, FieldLens keeps issues organized, documented, appropriately escalated and empowers effective collaboration among field, office and trade workers.
"We're committed to helping contractors and their teams meet the real-world challenges they face every day by providing a platform that supports their efficiency and productivity," said Jim Atkinson, CEO of RedTeam Software. "This investment in FieldLens by RedTeam is another step in our strategy to offer a full range of solutions that deliver value to construction professionals."
The FieldLens update follows RedTeam's recent recapitalization and the acquisition of Paskr, a commercial construction management solution that offers small to mid-size contractors an accessible platform with built-in, repeatable processes to reduce risk, increase oversight, and deliver more predictable project outcomes.
RedTeam's suite of construction solutions features products ranging from field-management software to enterprise-level workflow and management solutions. RedTeam appeared on the Inc. 5000 list of the fastest-growing companies in the United States in 2020 and 2021. More than 1,000 general contractors and over 100,000 users manage a collective $25 billion of commercial construction work with RedTeam.
For more information, visit Redteam.com, or try FieldLens for free today at FieldLens.com.
RedTeam is committed to construction management excellence. Our software is built from hands-on experience to help contractors face the day-to-day challenges of commercial construction. RedTeam clients experience seamless management of projects on and off the field with real-time collaboration, expedited contracting, compliance and change management. RedTeam is construction management software built by contractors who understand construction. For more information, visit Redteam.com.
MEDIA CONTACT:
Heather Ripley
Ripley PR
(865) 977-1973
hripley@ripleypr.com
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SOURCE RedTeam Software | https://www.mysuncoast.com/prnewswire/2022/08/23/redteam-announces-pdf-markup-redline-capabilities-fieldlens/ | 2022-08-23T11:41:05Z |
Latest "C-Suite Intelligence" Podcast Episode Discusses How to Return to the Office Even Smarter, with New Ways to Deliver Peak Performance
NEW YORK, June 14, 2022 /PRNewswire/ -- "This is what happens when you put everybody in solitary confinement for an extended period of time," says Stephen Miles, Founder and CEO of The Miles Group. "Covid quarantines have led to all kinds of strains on individuals' energy," adds Taylor Griffin, COO at The Miles Group.
"We have a lot of senior executives coming to us and asking how they deal with this for themselves, as well as for their broader teams and employee base," says Miles. "Many people really enjoyed the flexibility of working from home and they see the signs of going back to work as a return to the way it was pre-Covid, with no learnings," he continues. "Employees have high expectations of their leadership teams that they are really going to learn something through Covid. And the future office is going to look different from the way it did before."
In today's new "C-Suite Intelligence" podcast episode – "Getting Your Mojo Back" – Miles joins Griffin to discuss the advice, tips, and tools they advise winning organizations to use to return to the office smarter, more productively, and in more purposeful ways.
"I think we need to understand where each person is, what their personal complexities and unique journeys are, and then support them in their journey," says Miles. "We've all been Zooming in and out over the last two years, for 12 or 14 hours a day. That means we're not taking care of ourselves."
"It is so energizing and so exciting to be with people, and to have that conversation when you build off of someone else in the room," he continues. Adds Griffin, "relationships are such an important component in getting your mojo back and connecting with other people. You just have to get started in some way."
At the office they suggest building in "density days," so teams can "meet in person, doing hard stuff, creating new relations, and doing all the things that make it all work when we go online."
Says Miles, companies and teams did impossible things – that's because they had built trust in person, they had built relationships, and "they used that trust and those relationships to perform well in a crisis. But as the crisis wanes, people are beginning to feel more stress."
"Part of getting your mojo back is building those relationships, learning lessons, and reestablishing your comfort zone with getting to work," says Griffin.
The bottom line is: let's "take care of ourselves and then let's start to take care of our teams," says Miles. "It's about figuring out how to get density in the office on certain days so that we can be flexible on other days. So we're optimizing the office as opposed to regressing to office pre-Covid. I think people, employees will appreciate leaders who start to think this way as opposed to thinking that we're just going back to the way it was."
To hear all the ways teams come back to the office smarter and with more value, tune into "Getting Your Mojo Back," released today on the "C-Suite Intelligence" podcast, available everywhere, including Apple, Google, and Spotify.
For more information, please contact Davia Temin or Trang Mar of Temin and Company at 212.588.8788 or news@teminandco.com.
About the C-Suite Intelligence podcast
CEOs running the world's top companies don't start out that way – they pull ahead of their peers with behaviors and practices that make them the "best of the best." Stephen Miles and the team at TMG coach some of the world's most successful executives, helping them continuously up their game even as business conditions grow more complex every day. Learn the secrets of the highest performers and use this intelligence to power your career. New episodes are released bi-weekly on Apple Podcasts, Google Podcasts, Spotify, or wherever you get your podcasts.
About The Miles Group/TMG
TMG develops talent strategies for organizations, teams, and individuals – focusing on high-performance, world-class leadership. Through assessments and development, coaching, leadership transition planning, and organizational design, TMG helps clients cultivate exceptional talent from the C-suite to the next generation of leaders throughout the organization. Clients include many of the Fortune 100 as well as VC portfolio companies, firms in transition, and organizations around the globe and across industries. TMG has been featured in Harvard Business Review, The Wall Street Journal, Bloomberg, Forbes, Fortune, C-Suite, Entrepreneur, and Chief Executive. The firm is headquartered in New York City and operates globally. For more information, visit https://miles-group.com. Follow TMG on Twitter and LinkedIn.
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SOURCE The Miles Group/TMG | https://www.wibw.com/prnewswire/2022/06/14/getting-your-mojo-back/ | 2022-06-14T14:49:32Z |
Hires three professionals from Key Bank's wealth management division
PALM BEACH GARDENS, Fla., June 29, 2022 /PRNewswire/ -- Dakota Wealth Management, an independent investment management firm serving high-net-worth individuals and families, announces the official opening of its office in Syracuse, NY. The wealth advisory team in the Syracuse office consists of John H. King, Bridget A. Cunningham, and William Kamery.
Mr. King, Ms. Cunningham, and Mr. Kamery were previously with Key Bank, where they oversaw nearly $1.5 billion in client assets and experienced strong growth over their years working together.
"Adding a talented group of professionals with strong ties to the greater Syracuse community and proven success in the field appealed to us," said Bryan Keller, Chief Strategic Officer, Dakota Wealth Management. "John, Bridget, and Will patiently abided by their year-long restrictive covenants, and we were supportive of their wish to transition from a bank environment to a conflict-free, independent registered investment advisory firm."
Ms. Cunningham joined Dakota Wealth as a Senior Portfolio Manager. She was at Key Private Bank for 28 years, where she managed close to $1 billion in assets. Ms. Cunningham holds the Certified Investment Management Analyst® (CIMA®) designation and is a member of Dakota Wealth's Investment Committee. Bridget earned her degree in Business Administration and Finance from the State University of New York (SUNY) at Oswego, and is active in her hometown of Cazenovia, NY where she serves as a member of the St. James Finance Committee and Cazenovia Fire Department Finance Committee.
"It was important for us to be part of a team with the same client-focused, team-oriented, entrepreneurial spirit that we share," noted Ms. Cunningham. "I am extremely excited to be able to bring this type of client-focused wealth management to the central New York market."
Mr. King and Mr. Kamery joined Dakota Wealth in the role of Senior Wealth Advisor. Mr. King was at Key Private Bank for 15 years. He holds the Certified Merger and Acquisition Advisor® (CM&AA®) and Certified Wealth Strategist® (CWS®) designations. Mr. King graduated from Elmira College and is currently pursuing his MBA from Syracuse University. He is on the board of directors of First Tee of Syracuse and is the Co-Director of the Jamesville Dewitt Youth Lacrosse organization. He was named a Central New York Business Journal '40 under 40' in 2016. He is also a member of Forbes Finance Council.
"We wanted our clients' needs to be the reason for change, not a board or stock price," said Mr. King. "Dakota has the services and resources my clients need, but no quotas to meet or products to sell."
Mr. Kamery was at Key Private Bank for 7 years after beginning his career in financial services at Morgan Stanley. He is a graduate of Hobart College. He is on the Board of Directors at The McMahon/Ryan Child Advocacy Center and serves as the acting Treasurer. He is the past President of the Drumlins East Golf Club and Strathmore Neighborhood Association in addition to serving on the Rescue Mission's Legacy planning committee.
"The intellectual capital at Dakota is vast, bringing together an expansive list of expertise in investment management," remarked Mr. Kamery. "It is also evident that Dakota is constantly growing and evolving to better serve its clients."
This is the firm's first office in New York. Dakota Wealth Management has 13 office locations in 9 states.
Dakota Wealth Management is an independent investment management, wealth and estate planning, and full-service tax planning firm serving high-net-worth individuals, families, and institutions. Headquartered in Palm Beach Gardens and founded by RIA industry veteran Peter Raimondi, Dakota elevates wealth management to an art with thoughtfully designed investment portfolios and personalized wealth management services. Dakota also provides a full suite of financial planning, estate and tax services for select clients. For more information, visit www.dakotawm.com.
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SOURCE Dakota Wealth Management | https://www.wibw.com/prnewswire/2022/06/29/dakota-wealth-management-announces-opening-syracuse-ny-office/ | 2022-06-29T21:14:47Z |
PITTSBURGH, Sept. 5, 2022 /PRNewswire/ -- "We wanted to create a protective barrier that would shield the seat/bench of a piece of fitness equipment and indoor/outdoor public seating from perspiration and germs," said one of two inventors, from El Paso, Texas, "so we invented the WORKOUT BUDDY. Our design could help to reduce the risk of contracting a viral or bacterial infection from fitness equipment."
The invention provides a protective accessory for use with fitness/exercise equipment. In doing so, it prevents the transfer of perspiration and germs left behind by the machines' previous users. As a result, it increases sanitation and safety and it eliminates the need to spray and wipe the bench between every user. The invention features a convenient design that is easy to apply and use so it is ideal for fitness enthusiasts and gyms. Additionally, it is producible in design variations.
The original design was submitted to the National sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-CTK-2819, 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/2022/09/05/inventhelp-inventors-develop-protective-cover-workout-benchesseats-ctk-2819/ | 2022-09-05T17:07:47Z |
NEW YORK, Sept. 16, 2022 /PRNewswire/ -- Terra-Gen, LLC, a leading independent renewable energy provider, has completed financing on the second phase of its Edwards Sanborn Solar Storage facility in Kern County, Calif., a project that will produce clean energy for more than 164,000 homes and displace more than 320,000 tons of CO2 annually. This phase of the Edwards Sanborn Solar Storage facility is composed of 410 MWac of (megawatts, alternating current) of nameplate solar capacity (358 MWac at the point of interconnection) and 1,786 MWh (megawatt hours) of battery storage. The first phase of the Edwards Sanborn project was financed in July 2021 and its 345 MW of PV and 1,505 MWh of storage are now fully operational.
The financing for the second phase includes $959 million senior secured credit facilities comprising a $460 million construction and term loan facility, a $403 million tax equity bridge facility, and a $96 million construction and revolving letter of credit facility. U.S. Bank is providing the tax equity commitment for the project, with BNP Paribas, CoBank, ING, and Nomura Securities leading the construction and term financing.
"Consistent with the first phase of the Edwards Sanborn project, the second phase deploys an innovate offtake structure that has been well received in the financing markets and allows us to raise the capital necessary to progress the construction of this transformative project. Once complete, Edwards Sanborn will play a significant role in helping California meet its carbon reduction goals and ensure electricity reliability through the use of stand-alone and collocated energy storage," said Jim Pagano, Terra-Gen's CEO.
Terra-Gen's Edwards Sanborn project is located in Kern County on land leased from Edwards Air Force Base as well as on adjacent private land. Mortenson is the full engineering, procurement and construction contractor on both the solar and energy storage scopes with First Solar supplying the solar modules and LG Chem, Samsung and BYD supplying the batteries. The project at its peak employed more than 750 union workers on-site.
Terra-Gen expects the solar portion of the second phase to come on-line in the third and fourth quarters of 2022 with the battery storage scheduled to be fully operational by the third quarter of 2023. Terra-Gen is advancing development on future phases of this project that will include over 2,000 MW of incremental solar and energy storage to be interconnected to the CAISO grid. Subsequent phases will begin to be financed in 2023 and begin to come on-line in 2024. When complete, the Edwards Sanborn Solar Storage franchise is expected to be the world's largest integrated solar powered battery storage project.
About Terra-Gen
Terra-Gen, LLC is a leading U.S. developer, owner, and operator of utility-scale renewable energy projects in North America. Terra-Gen owns approximately 3.3 GW and 3,800 MWh of wind, solar and energy storage capacity in operation and construction across 28 renewable power facilities throughout the United States. Terra-Gen was formed in 2007 and is owned by ECP, a leading investor in infrastructure facilitating the energy transition, and Igneo Infrastructure Partners, a leading global investment manager with more than $15 billion in direct infrastructure assets. For more information, visit www.terra-gen.com.
Media Contacts
Jeff Cast
Office: 646-829-3909
jcast@terra-gen.com
Simon Day
Office: 858-764-3722
sday@terra-gen.com
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SOURCE Terra-Gen, LLC | https://www.kxii.com/prnewswire/2022/09/16/terra-gen-closes-financing-second-phase-edwards-sanborn-solar-storage-franchise-california/ | 2022-09-16T13:53:53Z |
Fabinho to miss FA Cup final, could make European final
LIVERPOOL, England (AP) — Liverpool manager Jurgen Klopp says midfielder Fabinho will miss the FA Cup final on Saturday but has a chance of playing in the Champions League final on May 28. The Brazil international was forced off with a hamstring problem in the 2-1 win at Aston Villa in the Premier League on Tuesday. It will rule him out of the FA Cup final against Chelsea and Liverpool’s last two Premier League matches as the team looks to reel in Manchester City in the title race. However Klopp is hopeful he will be able to call on Fabinho against Real Madrid in the Champions League final in Paris. | https://localnews8.com/sports/ap-national-sports/2022/05/12/fabinho-to-miss-fa-cup-final-could-make-european-final/ | 2022-05-12T17:48:54Z |
PITTSBURGH, July 27, 2022 /PRNewswire/ -- EQT Corporation (NYSE: EQT) today announced financial and operational results for the second quarter 2022.
Second Quarter 2022 and Recent Highlights:
- Sales volumes of 502 Bcfe
- Total per unit operating costs of $1.37 per Mcfe
- Capital expenditures of $376 MM or $0.75 per Mcfe
- Net cash provided by operating activities of $230 MM, adjusted operating cash flow(1) of $916 MM and free cash flow(1) of $543 MM
- Increased quarterly base dividend by 20 percent to $0.15 per share ($0.60 per share annualized)
- Raising '22 – '23 debt reduction target to $2.5 B, an increase of $1.0 B
- Retired $175 MM of senior notes during and subsequent to the end of Q2
- Repurchased $213 MM of convertible notes, including $85 MM of principal, during and subsequent to the end of Q2, reducing fully diluted share count by 5.7 MM shares
President and CEO Toby Z. Rice stated, "We had a solid operational quarter, with material gains in completion efficiency despite a continued tight oilfield service backdrop. This facilitated almost $550 million of free cash flow(1) during the quarter, bringing our total year-to-date free cash flow(1) to more than $1.1 billion."
Rice continued, "We also released our 2021 ESG Report in the second quarter, which highlighted the substantial progress we have made toward our goal of achieving net zero Scope 1 and Scope 2 emissions by 2025(2). Notably, our absolute Scope 1 and 2 Production segment GHG emissions declined by 22 percent year-over-year, and we reduced our methane intensity by 28 percent year-over-year. Our industry-leading emissions profile, coupled with an investment grade balance sheet and multi-decade core inventory, gives us significant confidence in the sustainability of our business and durability of our cash flows. As such, we recently raised our base dividend by 20 percent and will be further improving our balance sheet with an incremental $1 billion of projected debt reduction by year-end 2023. In total, we plan to return approximately $4 billion to shareholders by the end of next year, with room for further upside if natural gas prices remain strong."
Second Quarter 2022 Financial and Operational Performance
Sales volume growth reflects the Company's 2021 acquisition of Alta Resources (the Alta Acquisition). Average realized price increased for the three months ended June 30, 2022 compared to the same period in 2021 due to higher NYMEX prices and higher liquids prices, partly offset by unfavorable cash settled derivatives and unfavorable differential.
Net cash provided by operating activities was $230 million and adjusted operating cash flow(1) was $916 million for the three months ended June 30, 2022. Adjusted operating cash flow excludes changes in other assets and liabilities which are included in net cash provided by operating activities, as defined in the Non-GAAP Disclosures section of this news release. For the three months ended June 30, 2022, changes in other assets and liabilities of $686 million negatively impacted net cash provided by operating activities and was driven by higher working capital, which was primarily the result of higher accounts receivable as of June 30, 2022 as compared to March 31, 2022 due to higher pricing, partly offset by higher accounts payable.
The Company reiterates its 2022 total sales volume guidance of 1,950 – 2,050 Bcfe under a maintenance production program. Incorporating the Company's current inflation outlook, 2022 capital expenditures are now expected to total $1.400 – $1.500 billion, or $0.68 – $0.77 per Mcfe, excluding capital expenditures attributable to noncontrolling interests. The Company has started phasing in its next generation well design and has seen encouraging early results. Given the time required to develop wells that are part of the Company's large-scale combo-development model, the Company continues to expect preliminary results of its investment by the end of 2022 and full visibility by the middle of 2024.
Per Unit Operating Costs
The following presents certain of the Company's production-related operating costs on a per unit basis.
LOE increased on a per Mcfe basis for the three months ended June 30, 2022 compared to the same period in 2021 due primarily to higher salt water disposal costs.
Production taxes increased on a per Mcfe basis for the three months ended June 30, 2022 compared to the same period in 2021 due to increased West Virginia severance taxes, which resulted primarily from higher prices, and increased Pennsylvania impact fees, which resulted from the additional wells acquired in the Alta Acquisition, higher prices and inflation.
Liquidity
As of June 30, 2022, the Company had $100 million in credit facility borrowings and $208 million of letters of credit outstanding under its $2.5 billion credit facility. As of June 30, 2022, both total debt and net debt(1) were $5.0 billion, compared to $5.6 billion and $5.5 billion, respectively, as of December 31, 2021.
2022 GUIDANCE
Second Quarter 2022 Earnings Webcast Information
The Company's conference call with securities analysts begins at 10:00 a.m. ET on Thursday July 28, 2022 and will be broadcast live via webcast. To access the live audio webcast, visit EQT's investor relations website at ir.eqt.com. A replay will be archived and available in the same location after the conclusion of the live event.
HEDGING (as of July 22, 2022)
The following table summarizes the approximate volume and prices of the Company's NYMEX hedge positions. The difference between the fixed price and NYMEX price is included in average differential presented in the Company's price reconciliation.
For 2022 (July 1 through December 31), 2023 and 2024, the Company has natural gas sales agreements for approximately 9 MMDth, 88 MMDth and 11 MMDth, respectively, that include average NYMEX ceiling prices of $3.17, $2.84 and $3.21, respectively.
The Company has also entered into transactions to hedge basis. The Company may use other contractual agreements from time to time to implement its commodity hedging strategy.
NON-GAAP DISCLOSURES
Adjusted Net Income Attributable to EQT and Adjusted Earnings per Diluted Share (Adjusted EPS)
Adjusted net income attributable to EQT is defined as net income (loss) attributable to EQT Corporation, excluding gain on sale/exchange of long-lived assets, impairments, the revenue impact of changes in the fair value of derivative instruments prior to settlement and certain other items that impact comparability between periods. Adjusted EPS is defined as adjusted net income attributable to EQT divided by diluted weighted average common shares outstanding. Adjusted net income attributable to EQT and adjusted EPS are non-GAAP supplemental financial measures used by the Company's management to evaluate period-over-period earnings trends. The Company's management believes that these measures provide useful information to external users of the Company's consolidated financial statements, such as industry analysts, lenders and ratings agencies. Management uses adjusted net income attributable to EQT and adjusted EPS to evaluate earnings trends because the measures reflect only the impact of settled derivative contracts; thus, the measures exclude the often-volatile revenue impact of changes in the fair value of derivative instruments prior to settlement. These measures also exclude other items that affect the comparability of results or that are not indicative of trends in the ongoing business. Adjusted net income attributable to EQT and adjusted EPS should not be considered as alternatives to net income (loss) attributable to EQT Corporation or diluted earnings (loss) per share presented in accordance with GAAP.
The table below reconciles adjusted net income attributable to EQT and adjusted EPS with net income (loss) attributable to EQT Corporation and diluted earnings (loss) per share, respectively, the most comparable financial measures calculated in accordance with GAAP, each as derived from the Statements of Condensed Consolidated Operations to be included in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2022.
Adjusted EBITDA
Adjusted EBITDA is defined as net income (loss), excluding interest expense, income tax expense (benefit), depreciation and depletion, gain on sale/exchange of long-lived assets, impairments, the revenue impact of changes in the fair value of derivative instruments prior to settlement and certain other items that impact comparability between periods. Adjusted EBITDA is a non-GAAP supplemental financial measure used by the Company's management to evaluate period-over-period earnings trends. The Company's management believes that this measure provides useful information to external users of the Company's consolidated financial statements, such as industry analysts, lenders and ratings agencies. Management uses adjusted EBITDA to evaluate earnings trends because the measure reflects only the impact of settled derivative contracts; thus, the measure excludes the often-volatile revenue impact of changes in the fair value of derivative instruments prior to settlement. The measure also excludes other items that affect the comparability of results or that are not indicative of trends in the ongoing business. Adjusted EBITDA should not be considered as an alternative to net income (loss) presented in accordance with GAAP.
The table below reconciles adjusted EBITDA with net income (loss), the most comparable financial measure as calculated in accordance with GAAP, as reported in the Statements of Condensed Consolidated Operations to be included in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2022.
The Company has not provided projected net income (loss) or a reconciliation of projected adjusted EBITDA to projected net income (loss), the most comparable financial measure calculated in accordance with GAAP. Net income (loss) includes the impact of depreciation and depletion expense, income tax expense (benefit), the revenue impact of changes in the projected fair value of derivative instruments prior to settlement and certain other items that impact comparability between periods and the tax effect of such items, which may be significant and difficult to project with a reasonable degree of accuracy. Therefore, projected net income (loss), and a reconciliation of projected adjusted EBITDA to projected net income (loss), are not available without unreasonable effort.
Adjusted Operating Cash Flow and Free Cash Flow
Adjusted operating cash flow is defined as net cash provided by operating activities less changes in other assets and liabilities. Free cash flow is defined as adjusted operating cash flow less accrual-based capital expenditures, excluding capital expenditures attributable to noncontrolling interests. Adjusted operating cash flow and free cash flow are non-GAAP supplemental financial measures used by the Company's management to assess liquidity, including the Company's ability to generate cash flow in excess of its capital requirements and return cash to shareholders. The Company's management believes that these measures provide useful information to external users of the Company's consolidated financial statements, such as industry analysts, lenders and ratings agencies. Adjusted operating cash flow and free cash flow should not be considered as alternatives to net cash provided by operating activities or any other measure of liquidity presented in accordance with GAAP.
The table below reconciles adjusted operating cash flow and free cash flow with net cash provided by operating activities, the most comparable financial measure calculated in accordance with GAAP, as derived from the Statements of Condensed Consolidated Cash Flows to be included in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2022.
The Company has not provided projected net cash provided by operating activities or reconciliations of projected adjusted operating cash flow and free cash flow to projected net cash provided by operating activities, the most comparable financial measure calculated in accordance with GAAP. The Company is unable to project net cash provided by operating activities for any future period because this metric includes the impact of changes in operating assets and liabilities related to the timing of cash receipts and disbursements that may not relate to the period in which the operating activities occurred. The Company is unable to project these timing differences with any reasonable degree of accuracy without unreasonable efforts such as predicting the timing of its payments and its customers' payments, with accuracy to a specific day, months in advance. Furthermore, the Company does not provide guidance with respect to its average realized price, among other items, that impact reconciling items between net cash provided by operating activities and adjusted operating cash flow and free cash flow, as applicable. Natural gas prices are volatile and out of the Company's control, and the timing of transactions and the income tax effects of future transactions and other items are difficult to accurately predict. Therefore, the Company is unable to provide projected net cash provided by operating activities, or the related reconciliations of projected adjusted operating cash flow and free cash flow to projected net cash provided by operating activities, without unreasonable effort.
Adjusted EBITDA to Free Cash Flow Reconciliation
The table below reconciles adjusted EBITDA to free cash flow.
Adjusted Operating Revenues
Adjusted operating revenues is defined as total operating revenues, less the revenue impact of changes in the fair value of derivative instruments prior to settlement and net marketing services and other revenues. Adjusted operating revenues (also referred to as total natural gas and liquids sales, including cash settled derivatives) is a non-GAAP supplemental financial measure used by the Company's management to evaluate period-over-period earnings trends. The Company's management believes that this measure provides useful information to external users of the Company's consolidated financial statements, such as industry analysts, lenders and ratings agencies. Management uses adjusted operating revenues to evaluate earnings trends because the measure reflects only the impact of settled derivative contracts; thus, the measure excludes the often-volatile revenue impact of changes in the fair value of derivative instruments prior to settlement. The measure also excludes net marketing services and other revenues because it is unrelated to the revenue for the Company's natural gas and liquids production. Adjusted operating revenues should not be considered as an alternative to total operating revenues presented in accordance with GAAP.
The table below reconciles adjusted operating revenues to total operating revenues, the most comparable financial measure calculated in accordance with GAAP, as reported in the Statements of Condensed Consolidated Operations to be included in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2022.
Net Debt
Net debt is defined as total debt less cash and cash equivalents. Total debt includes the Company's current portion of debt, credit facility borrowings, senior notes and note payable to EQM Midstream Partners, LP. Net debt is a non-GAAP supplemental financial measure used by the Company's management to evaluate leverage since the Company could choose to use its cash and cash equivalents to retire debt. The Company's management believes that this measure provides useful information to external users of the Company's consolidated financial statements, such as industry analysts, lenders and ratings agencies. Net debt should not be considered as an alternative to total debt presented in accordance with GAAP.
The table below reconciles net debt with total debt, the most comparable financial measure calculated in accordance with GAAP, as derived from the Statements of Condensed Consolidated Balance Sheets to be included in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2022.
Investor Contact:
Cameron Horwitz
Managing Director, Investor Relations & Strategy
412.395.2555
cameron.horwitz@eqt.com
About EQT Corporation
EQT Corporation is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors, and communities, and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day – trust, teamwork, heart, and evolution are at the center of all we do.
EQT Management speaks to investors from time to time and the analyst presentation for these discussions, which is updated periodically, is available via EQT's investor relations website at https://ir.eqt.com.
Cautionary Statements
This news release contains certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Statements that do not relate strictly to historical or current facts are forward-looking. Without limiting the generality of the foregoing, forward-looking statements contained in this news release specifically include the expectations of plans, strategies, objectives and growth and anticipated financial and operational performance of EQT Corporation and its subsidiaries (collectively, the Company), including guidance regarding the Company's strategy to develop its reserves; drilling plans and programs (including the number and type of drilling rigs and the number of frac crews to be utilized by the Company); projected natural gas prices, basis and average differential; the impact of commodity prices on the Company's business; total resource potential; projected production and sales volume and growth rates; projected well costs and unit costs; the timing of implementation of the Company's new well design and the projected benefits thereof; the Company's ability to successfully implement and execute its operational, organizational, technological and environmental, social and governance (ESG) initiatives, including the projected timing of achieving its emissions reduction goals, and the Company's ability to achieve the anticipated results of such initiatives; the amount and timing of any redemptions, repayments or repurchases of the Company's common stock, outstanding debt securities or other debt instruments; the Company's ability to reduce its debt and the timing of such reductions, if any; projected dividends, if any; projected free cash flow, adjusted operating cash flow, and adjusted EBITDA; liquidity and financing requirements, including funding sources and availability; the Company's ability to maintain or improve its credit ratings, leverage levels and financial profile, and the timing of achieving such improvements, if at all; the Company's hedging strategy and projected margin posting obligations; the Company's tax position and projected effective tax rate; and the expected impact of changes in laws.
The forward-looking statements included in this news release involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The Company has based these forward-looking statements on current expectations and assumptions about future events, taking into account all information currently known by the Company. While the Company considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks and uncertainties, many of which are difficult to predict and beyond the Company's control. These risks and uncertainties include, but are not limited to, volatility of commodity prices; the costs and results of drilling and operations; uncertainties about estimates of reserves, identification of drilling locations and the ability to add proved reserves in the future; the assumptions underlying production forecasts; the quality of technical data; the Company's ability to appropriately allocate capital and resources among its strategic opportunities; access to and cost of capital; the Company's hedging and other financial contracts; inherent hazards and risks normally incidental to drilling for, producing, transporting and storing natural gas, natural gas liquids (NGLs) and oil; cyber security risks; availability and cost of drilling rigs, completion services, equipment, supplies, personnel, oilfield services and water required to execute the Company's exploration and development plans, including as a result of the COVID-19 pandemic; risks associated with operating primarily in the Appalachian Basin and obtaining a substantial amount of the Company's midstream services from Equitrans Midstream Corporation; the ability to obtain environmental and other permits and the timing thereof; government regulation or action, including regulations pertaining to methane and other greenhouse gas emissions; negative public perception of the fossil fuels industry; increased consumer demand for alternatives to natural gas; environmental and weather risks, including the possible impacts of climate change; and disruptions to the Company's business due to acquisitions and other significant transactions. These and other risks are described under Item 1A, "Risk Factors," and elsewhere in the Company's Annual Report on Form 10-K for the year ended December 31, 2021 and other documents the Company files from time to time with the Securities and Exchange Commission. In addition, the Company may be subject to currently unforeseen risks that may have a materially adverse impact on it.
Any forward-looking statement speaks only as of the date on which such statement is made, and the Company does not intend to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
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SOURCE EQT Corporation (EQT-IR) | https://www.wibw.com/prnewswire/2022/07/27/eqt-reports-second-quarter-2022-results/ | 2022-07-27T21:42:31Z |
PRINCETON, N.J., June 21, 2022 /PRNewswire/ -- Singularity Systems, a leader in intelligent document processing (IDP) delivered via their SingularityAI® platform, today announced a strategic partnership with KYP.ai, the Transformation Mining Company fueling digital change. The partnership gives organizations a powerful new approach to leverage process insights, automate decision-making, and discover new ways of working.
For years, digital transformation efforts have frequently stumbled or come up short. Failure to effectively harness unstructured and semi-structured data, inability to attain full end-to-end visibility, and a lack of data-driven recommendations for automation have repeatedly resulted in disillusioned executive teams, frustrated employees, and massive amounts of time and money wasted.
The power of SingularityAI with KYP.ai enables organizations to overcome these failures, revealing true end-to-end processes, full end user impact, and total digital transformation potential. The combined solution delivers automation analysis and suggestions that are centered on people, with a focus on who automation could assist, including where, when, and how it can be best deployed.
"Through our partnership with KYP.ai, organizations will now be able to avoid the pervasive reasons why so many digital transformation efforts fail," says Tianhao WU, CTO and co-founder of Singularity Systems. "Combining our powerful IDP capabilities with the KYP.ai platform gives clients a level of visibility and control over their automation success they were previously unable to obtain, identifying the right use cases to apply IDP and showing how to achieve success managing even the most difficult unstructured data problems they face."
"KYP.ai augments Business Intelligence in a way that hasn't been available via existing data and process mining software," said Adam Bujak, CEO of KYP.ai. "Businesses know they need to digitally transform, but the question they ask is: where and how? Our alliance with Singularity Systems answers these two critical questions clearly, accurately, and quickly – this has not been possible before now."
KYP.ai is a Transformation Mining Company fuelling digital change, helping customers to rapidly understand their abstract processes and how these balance with people and technology dimensions. The company's plug-and-play cloud SaaS solution serves as a data backbone, supporting insights into process automation potential and execution success, and delivering automatically generated, data-driven improvement recommendations. KYP.ai has offices in United States, Germany, and Poland.
With its world-class team of scientists and developers, Singularity Systems has pioneered new AI techniques that have modernized and democratized Intelligent Document Processing (IDP). The company provides SingularityAI, an Artificial Intelligence platform enabling enterprises to transform their raw data into actionable insight. Enterprise leaders use SingularityAI to efficiently convert high-volume unstructured content into machine-readable data, enabling real-time decision-making and powering improvements in customer experience and operational agility. Serving a global customer network of top-tier organizations in banking, insurance, healthcare, energy, and other data-intensive industries, Singularity Systems is headquartered in Princeton, New Jersey's Einstein's Alley.
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SOURCE Singularity Systems Inc. | https://www.kxii.com/prnewswire/2022/06/21/singularity-systems-partners-with-kypai-deliver-fastest-possible-roi-digital-transformation/ | 2022-06-21T12:28:58Z |
SEATTLE, June 10, 2022 /PRNewswire/ -- Quark Expeditions, the recognized Leader in Polar Adventures, will feature the Greenlandic skincare brand InuaCare exclusively on select Arctic voyages on the new ship Ultramarine this summer.
"We're so proud to offer our guests the InuaCare brand in Ultramarine's Tundra Spa on our Arctic voyages this season," said Thomas Lennartz, Vice-President of Sales for Quark Expeditions. "InuaCare, the highly-respected Greenlandic skincare brand, is perfectly aligned with the sustainable ethos of Ultramarine's Tundra Spa, which also features organic, hand-harvested seaweed treatments and beauty products from the award-winning spa provider Voya."
"Just as we've partnered with local Inuit in Nunavut and Greenland for our new Tundra to Table: Inuit Culinary Experience," said Lennart, "we also wanted to partner with like-minded providers who are aligned with our Polar Promise sustainability goals for our spa services on Ultramarine. The products provided by InuaCare, based in Qaqortoq, South Greenland, are made from wild, hand-picked Greenlandic plants and herbs. All of their formulations are developed with sustainably sourced natural ingredients."
Ultramarine guests will now be able to choose from a menu of Voya spa treatments and products, as well as an exclusive facial treatment and 12 retail products under the InuaCare brand:
Anti-Age Arctic Facial Treatment
InuaCare's 55-minute signature Arctic facial treatment is a regenerating and relaxing treatment using a combination of Arctic and active ingredients to slow visible signs of ageing. The facial includes a deep cleanse and an exfoliating AHA mask using five different botanical extracts. It's followed by a scalp-and-shoulder massage using a therapeutic extra-care balm for the ultimate relaxation of body and mind. This luxury treatment finishes with an application of an effective moisturizer tailored to the guest's skin for ultimate hydration.
InuaCare Products
Guests can also shop from a lineup of 12 InuaCare products, including cleansing gels, balms, lotions, moisturizers, mists and body lotions.
View this video to see how InuaCare sustainably harvests herbs and plants in Greenland.
The exclusive InuaCare facial treatment and products will be available on Ultramarine throughout the entire 2022 Arctic sailing season.
View all voyages in Ultramarine's upcoming Arctic season.
About InuaCare: Based in Qaqortoq, South Greenland, InuaCare produces skincare and personal care products from wild hand-picked Greenlandic plants and herbs. All formulations are mild, and are developed with sustainably sourced natural ingredients. InuaCare avoids all harmful additives in the development of their products.
About Quark Expeditions: Specializing exclusively in expeditions to Antarctica and the Arctic, Quark Expeditions® has been the leading innovator of polar adventure since the company took the first group of consumer travelers to the North Pole in 1991. Quark Expeditions has been innovating ever since. With a diverse fleet of specially-equipped small expedition vessels and icebreakers—some of them equipped with helicopters—Quark Expeditions delivers deeply immersive polar experiences—and is able to take guests deeper into the Polar Regions than anyone else. Led by passionate and seasoned expedition teams, including scientists, wildlife experts and researchers, Quark Expeditions offers an onboard program that enriches the passenger experience.
About Travelopia: Travelopia is one of the world's leading specialist travel groups. A pioneer in the experiential travel sector with a portfolio consisting of more than 50 independently operated brands, most of which are leaders in their sector. From sailing adventures, safaris and sports tours, to Arctic expeditions, each brand is diverse and focused on creating unforgettable experiences for customers across the world.
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SOURCE Quark Expeditions | https://www.kxii.com/prnewswire/2022/06/10/quark-expeditions-offer-greenlandic-skincare-brand-inuacare-ultramarine/ | 2022-06-10T17:25:14Z |
AKRON, Ohio, July 25, 2022 /PRNewswire/ -- Ohio Edison and Pennsylvania Power (Penn Power), FirstEnergy Corp. (NYSE: FE) utilities, have hired 21 graduates of Power Systems Institute (PSI), the company's award-winning, two-year educational program that helps prepare the next generation of line and substation workers for FirstEnergy's 10 electric utility companies.
The graduates all recently completed the Power Systems Institute (PSI) training program in partnership with Stark State College in North Canton, earning their associate of applied science degree in Electric Utility Technology. This is the fourth graduating class since 2014.
"Our Power Systems Institute develops top-quality, well-educated men and women for the electric utility industry," said Edward Shuttleworth, president of Ohio Operations. "We look forward to these graduates joining our workforce to help continue providing safe and reliable electric service for our customers."
The new Ohio Edison line employees listed by work location, with their hometowns, are:
- Akron Service Center – Christopher Jackson, Barberton
- Elyria Service Center – Jack Clark, Shreve; Cole Clarke, Canton
- Kent Service Center – John Lawrence, Cuyahoga Falls
- Kinsman Service Center – Chayse Creager, Paris; Alex Rusu, Canfield
- Marion Service Center – Bradley Johnson, Mansfield.
- Medina Service Center – Nicholas Mayer, Akron; Zachary Oblisk, Akron
- Sandusky Service Center – Keaton Dyer, Ravenna
- Springfield – Zachary Forshey, Springfield
- Youngstown – Cory Andric, Beloit
The new Ohio Edison substation employees listed by work location, with their hometowns, are:
- Akron Service Center – Austin Wolfe, Canton; Johnathan Zerbini, Akron
- Elyria Service Center – Chase Grealy, Huron; Sara Hines, Mansfield
- Marion Service Center – Aaron Bradley, Mansfield
- Youngstown Service Center – Brenden Moore, Canton
- Warren Service Center – Salvatore Santell, Kinsman
The new Penn Power lines employees listed by work location, with their hometowns, are:
- Cranberry Service Center – Nick DiNardo, New Brighton, Pennsylvania; Tyler French, Bessemer, Pennsylvania
PSI students split time between classes at Stark State and Ohio Edison training facilities in Massillon. Since the program's inception, FirstEnergy has hired more than 2,400 lineworkers and substation personnel who completed PSI programs in Maryland, New Jersey, Ohio, Pennsylvania and West Virginia.
For information about the PSI program, call 1-800-829-6801, or visit www.firstenergycorp.com/psi.
Ohio Edison serves more than 1 million customers across 34 Ohio counties. Follow Ohio Edison on Twitter @OhioEdison and on Facebook at www.facebook.com/OhioEdison. Penn Power is a subsidiary of FirstEnergy Corp. and serves more than 160,000 customers in all or parts of Allegheny, Beaver, Butler, Crawford, Lawrence, and Mercer counties in western Pennsylvania. Follow Penn Power on Twitter @Penn_Power, on Facebook at www.facebook.com/PennPower and online at www.pennpower.com.
FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy on Twitter @FirstEnergyCorp or online at www.firstenergycorp.com.
Editor's Note: Photos of FirstEnergy's Power Systems Institute training program are available for download on Flickr.
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SOURCE FirstEnergy Corp. | https://www.wibw.com/prnewswire/2022/07/25/ohio-edison-penn-power-add-new-line-substation-workers-power-systems-institute-training-programs/ | 2022-07-25T14:37:17Z |
Twitter says it removes 1 million spam accounts a day
(AP) – Twitter said it removes 1 million spam accounts each day in a call with executives Thursday during a briefing that aimed to shed more light on the company’s fake and bot accounts as it tussles with Elon Musk over “spam bots.”
The Tesla CEO, who has offered to buy Twitter for $44 billion, has threatened to walk away from the deal if the company can’t show that less than 5% of its daily active users are automated spam accounts.
Musk has argued, without presenting evidence, that Twitter has significantly underestimated the number of these “spam bots” — automated accounts that typically promote scams and misinformation — on its service.
Twitter said on the call that the spam accounts represent well below 5% of its active user base each quarter.
Fake social media accounts have been problematic for years. Advertisers rely on the number of users provided by social media platforms to determine where they will spend money. Spam bots are also used to amplify messages and spread disinformation.
The problem of fake accounts is well-known to Twitter and its investors. The company has disclosed its bot estimates to the U.S. Securities and Exchange Commission for years, while also cautioning that its estimate might be too low.
Last month, Twitter offered Musk access to its “firehose” of raw data on hundreds of millions of daily tweets, according to multiple reports at the time, though neither the company nor Musk confirmed this.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/07/07/twitter-says-it-removes-1-million-spam-accounts-day/ | 2022-07-07T18:24:20Z |
‘Survivor 42’ crowns a winner
By Sandra Gonzalez, CNN
The jury has voted and the winner of “Survivor 42” has been selected.
With seven votes, 24-year-old seminary student Maryanne Oketch was crowned the winner, beating out firefighter Mike Turner and pageant coach Romeo Escobar, who joined her in the final three.
Heading into the episode, five contestants were still vying for the $1 million prize, but Lindsay Dolashewich was voted out in the first tribal council of the finale and Jonathan Young lost his shot in the final three after coming up short in a fire-making challenge.
Turner earned one vote in the final count and Escobar received none.
Throughout the season, Oketch was open about wearing her emotions on her sleeve, but in the end, won out the jury after revealing she’d kept an immunity idol a secret until the very end and laid out how she’d orchestrated the ouster of one of the season’s biggest players, Omar Zaheer.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/entertainment/cnn-entertainment/2022/05/26/survivor-42-crowns-a-winner/ | 2022-05-26T14:29:58Z |
Shooting during brawl in downtown Orlando wounds 7
Published: Jul. 31, 2022 at 2:41 PM EDT|Updated: 48 minutes ago
ORLANDO, Fla. (AP) — Police say seven people were injured after a person began shooting a handgun into a crowd during a large brawl in downtown Orlando.
Orlando Police Chief Eric D. Smith told reporters the shooting occurred during a fight that started around 2:22 a.m. Sunday near Wall Street Plaza and South Orange Avenue.
All seven victims were hospitalized in stable condition.
Smith said authorities do not yet have a suspect in the shooting.
An investigation is ongoing.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/07/31/shooting-during-brawl-downtown-orlando-wounds-seven/ | 2022-07-31T19:29:55Z |
VIAVI Selected as Fiber Testing Partner for Construction, Activation and Assurance of Ambitious Fiber Rollout
SCOTTSDALE, Ariz., May 18, 2022 /PRNewswire/ -- Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced that Italian wholesale fiber provider, Open Fiber, has selected a centralized optical test solution from VIAVI to support its ambitious goal of delivering 100 percent ultra-broadband coverage with Gigabit speeds for the whole of Italy. Open Fiber currently provides connectivity for 300 national and international service providers and serves 14 million Italian households.
By the end of its 2022-2031 plan, the wholesale-only provider aims to cover approximately 24 million households, including unserved and underserved areas, effectively ending the digital divide between urban and rural areas within Italy. The rollout is being financed through an investment of 15 billion euros, including a loan of 7.2 billion euros from leading Italian and international banks – the largest loan ever made in EMEA for telecommunications networks.
Building on an existing relationship with VIAVI, Open Fiber has chosen to deploy Optical Network Measurement System (ONMSi) from VIAVI to help manage network compliance and troubleshooting across the lifecycle of its fiber deployments. The ONMSi solution uses a centralized high resolution OTDR test head that enables installers in the field to remotely commission, map topologies, automate the acceptance and reporting of fiber quality, losses, and distances, all via a mobile application. This is done segment by segment for each link from the PoP to the customer premise connection. In the event of failure, maintenance teams can isolate and triage faults remotely. ONMSi was selected as it has proven to be an efficient, reliable, and fast fiber certification platform, which helps optimize and accelerate network processes from creation (construction) and service delivery (activation), all the way through to in-life assurance (monitoring).
"Open Fiber is charting an ambitious path to modernize the digital infrastructure for the whole of Italy," said Manuel Mato, Vice President, EMEA, VIAVI. "Our partnership enables Open Fiber to automate and accelerate their FTTH build without sacrificing quality while ensuring error-free first-time customer activation. Equally important, proactive in-life monitoring also allows Open Fiber to isolate network issues and shorten resolution and restoration times. We are proud of our role in helping Open Fiber realize a digital Italy."
About VIAVI
VIAVI (NASDAQ: VIAV) is a global provider of network test, monitoring and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. We help these customers harness the power of instruments, automation, intelligence and virtualization to Command the network. VIAVI is also a leader in light management solutions for 3D sensing, anti-counterfeiting, consumer electronics, industrial, automotive, and defense applications. Learn more about VIAVI at www.viavisolutions.com. Follow us on VIAVI Perspectives, LinkedIn, Twitter, YouTube and Facebook.
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SOURCE VIAVI Solutions | https://www.mysuncoast.com/prnewswire/2022/05/18/viavi-support-open-fibers-push-100-percent-gigabit-penetration-italy/ | 2022-05-18T12:01:47Z |
PHOENIX, Aug. 3, 2022 /PRNewswire/ -- CopperPoint Insurance Companies, a western-based super regional commercial insurance company, announced today that John Carey will be joining CopperPoint on August 29, 2022 as Chief Underwriting Officer, reporting to the CEO.
Prior to this appointment, Carey served as Chief Underwriting Officer for Zurich Asia Pacific where he managed a book comprised of $250M GWP and over 40 underwriter and actuaries. Prior to that he held leadership positions at Farmers Business Insurance, Zurich North America, and Encova Mutual Group.
"John brings a lot of very relevant experience to this important role, and we are excited that he will be writing his next chapter here, with the CopperPoint Family", said Marc Schmittlein, CopperPoint President and CEO.
Carey holds a BA from University of Iowa and MA, Economics and Policy and an MBA from the University of Notre Dame. He is also a Chartered Property Casualty Underwriter (CPCU) and an Associate in Risk Management (ARM).
Founded in 1925, CopperPoint Insurance Companies, www.copperpoint.com, is a leading provider of workers' compensation and commercial property and casualty insurance solutions. With an expanded line of insurance products and a growing 26-state footprint, CopperPoint is in a strong position to meet the evolving needs of its agents, brokers, and customers. It has $5.1 billion in total assets and an enterprise surplus of approximately $1.6 billion.
CopperPoint Mutual Insurance Holding Company is the corporate parent of CopperPoint Insurance Companies, Pacific Compensation Insurance Company and Alaska National Insurance Company. All companies are rated A (Excellent) by AM Best.
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SOURCE CopperPoint Insurance Companies | https://www.mysuncoast.com/prnewswire/2022/08/03/copperpoint-insurance-companies-names-john-carey-chief-underwriting-officer/ | 2022-08-03T19:10:45Z |
Instagram hides some posts that mention abortion
WASHINGTON (AP) — Instagram is blocking posts that mention abortion from public view, in some cases requiring its users to confirm their age before letting them view posts that offer up information about the procedure.
Over the last day, several Instagram accounts run by abortion rights advocacy groups have found their posts or stories hidden with a warning that described the posts as “sensitive content.”
In one example, Instagram covered a post on one page with more than 25,000 followers that shared text reading: “Abortion in America How You Can Help.” The post went on to encourage followers to donate money to abortion organizations and to protest the Supreme Court’s decision to strip constitutional protections for abortion in the U.S.
The post was slapped with a warning from Instagram that covered the post, reading “This photo may contain graphic or violent content.”
Instagram’s latest issue follows an Associated Press report that Facebook and Instagram were promptly deleting posts that offered to mail out abortion pills in states that restrict their use. The tech platforms said they were deleting the posts because they violated policies against selling or gifting certain products, including pharmaceuticals, drugs and firearms.
Yet, the AP’s review found that similar posts offering to mail a gun or marijuana were not removed by Facebook. The company did not respond to questions about the discrepancy.
Berlin photographer Zoe Noble runs the Instagram page that had its post referencing abortion blocked. The page celebrates women who decide not to have children, for more than a year. Monday was the first time a post mentioning abortion was restricted by Instagram, although she has mentioned it many times before.
“I was really confused because we’ve never had this happen before, and we’ve talked about abortion before,” Noble said. “I was really shocked that the word abortion seemed to be flagged.”
The platform offers no way for users to dispute the restriction.
The AP identified nearly a dozen other posts that mentioned the word “abortion” and were subsequently covered up by Instagram. All of the posts were informational in nature, and none of the posts featured photos of abortions. An Instagram post by an AP reporter that asked people if they were experiencing the problem was also covered by the company on Tuesday, and required users to enter their age in order to view it.
The AP inquired about the problem on Tuesday morning. Hours later, Instagram’s communication department acknowledged the problem on Twitter, describing it as a glitch. A spokesman for Instagram-owner Meta Platforms Inc. said in an email that the company does not place age restrictions around its abortion content.
“We’re hearing that people around the world are seeing our ‘sensitivity screens,’ on many different types of content when they shouldn’t be. We’re looking into this bug and working on a fix now,” the company tweeted.
Tech companies like Meta can hide some of the decision-making, including how they tweak algorithms, to subtly manipulate the social media conversation in a way that promotes some posts or keywords, but demotes others, said Brooke Erin Duffy, a professor at Cornell University who studies social media.
“This can all take place behind the scenes, and it can be attributed to a glitch,” Duffy said. “We don’t know what happened. That’s what’s chilling about this.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/06/28/instagram-hides-some-posts-that-mention-abortion/ | 2022-06-28T20:46:02Z |
STOCKHOLM, May 20, 2022 /PRNewswire/ -- Lipidor AB (publ) (Nasdaq First North Growth Market: LIPI) announces that half of the patients have now been enrolled in the Phase III study of AKP02 skin spray for mild to moderate psoriasis, with the last patient expected to begin treatment in June 2022. Topline results from the Phase III study are expected during the third quarter of 2022.
On 26 January, Lipidor announced that the first psoriasis patients had been enrolled in the company's Phase III clinical trial of AKP02 cutaneous spray. The observer-blind and placebo-controlled Phase III study included a total of 294 patients. The aim of the study is to show a good therapeutic effect for treatment of mild to moderate psoriasis on both body and scalp. The Phase III study also measures quality of life, and patient satisfaction, to demonstrate the associated benefits of AKP02 that may be significant for future commercialization. The trial is fully funded with existing cash and is conducted by Cadila Pharmaceuticals, which successfully completed the Phase III study with its predecessor AKP01.
With the current patient recruitment rate, the last patient is expected to commence treatment in June and topline results from the Phase III study with AKP02 are expected in the third quarter of 2022. Lipidor and the company's commercial partner RELIFE, a company in the Menarini group, are already working together to ensure that the two topical drug candidates, AKP01 and AKP02, become available for treatment for mild to moderate psoriasis in Europe, the CIS countries and Turkey. Conditions for new commercial agreements are continuously investigated and there is great interest from the market.
The psoriasis candidate AKP02 combines calcipotriol and betamethasone dipropionate and is based on Lipidor's patented AKVANO® technology. Lipidor has elected to compare the sprayable drug candidate AKP02 with Enstilar, which is a commonly prescribed foam preparation for topical treatment of psoriasis. AKP02 contains the same combination of active substances as Enstilar.
Positive results from the Phase III study with Lipidor's drug candidate AKP01, which is based on calcipotriol alone, show that AKVANO® technology works well for drugs for treatment of psoriasis. The preclinical studies with AKP02 also show promising results. The goal of AKP02 is to offer a patient-friendly, spray-based treatment for mild to moderate psoriasis.
"It's gratifying to see that participating clinics in the Phase III study are recruiting patients at a good pace," says Ola Holmlund, Lipidor CEO. "We look forward to presenting results from the study during the third quarter of 2022."
Publication
The information was provided for publication by Lipidor's CEO on 20 May 2022 at 8.30am CEST.
For more information, please contact:
Ola Holmlund, CEO
Telephone: +46 (0)72 50 70 369
Email: ola.holmlund@lipidor.se
Certified Adviser
Erik Penser Bank AB
Telephone: +46 (0)8 463 80 00
E-mail: certifiedadviser@penser.se
About Lipidor AB
Lipidor AB (www.lipidor.se) is a Swedish, Stockholm-based research and development company with a pipeline of pharmaceutical development projects in preclinical and clinical phases. The Company develops topical medical products for the treatment of diseases such as psoriasis, acne vulgaris, bacterial skin infections and atopic dermatitis by reformulation of proven pharmaceutical substances.
CONTACT:
Ola Holmlund, CEO
Phone: +46 (0)72 50 70 369
E-mail: ola.holmlund@lipidor.se
Certified Adviser
Erik Penser Bank AB
Telefon: +46(0)84638300
E-post: certifiedadviser@penser.se
This information was brought to you by Cision http://news.cision.com
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SOURCE Lipidor | https://www.mysuncoast.com/prnewswire/2022/05/20/lipidor-updates-phase-iii-study-akp02-treatment-psoriasis-half-patients-now-recruited/ | 2022-05-20T08:09:33Z |
ATLANTA, July 12, 2022 /PRNewswire/ -- Pye-Barker Fire & Safety, headquartered in Atlanta, GA, is pleased to announce the acquisition of Bender & Modlin Fire Sprinkler, Inc. The acquisition further strengthens Pye-Barker's presence in Jacksonville, Florida and the surrounding markets of northeast Florida and southeast Georgia.
Bender & Modlin Fire Sprinkler is a full-service fire sprinkler company specializing in commercial and industrial fire sprinkler and protection systems. Allen Bender and Terry Modlin founded Bender & Modlin together in 1999 after a combined 50-year career as sprinkler contracting managers. Bender & Modlin is an active member of the National Fire Protection Association, and supporter of the F.A.S.T. Apprenticeship Program and the National Institute for Certification in Engineering Technologies.
"Terry Modlin and I are thrilled to now be a part of the Pye-Barker family and to be moving to a new season in the evolution of our company. From the first meeting with Pye-Barker, it's been evident that this is the right move. The process has been seamless, and we're excited about the future for our customers and employees," said Allen Bender, President of Bender & Modlin. "We have a great personal relationship with the Pye-Barker management team, and all of us at Bender & Modlin Fire Sprinkler feel that we now have a genuine partner who has our best interest at heart."
"Bender & Modlin has a well-deserved reputation for consistently putting their customer first by recommending and building the most efficient and effective fire sprinkler systems in the industry," said Bart Proctor, CEO of Pye-Barker. "Their focus on the customer is unmatched and they're a great group of people to work with. I couldn't be happier that we are joining forces."
Bender & Modlin will retain its name, leadership, and knowledgeable employees.
About Pye-Barker Fire & Safety
Pye-Barker Fire & Safety, founded in 1946, is the leader in fire protection and life safety, with more than 120 locations and 3,000 team members. It is a full-service company offering all the necessary specialties including portable extinguishers, restaurant fire suppression, special hazard systems, fire sprinklers, fire alarms, and security. Pye-Barker invests heavily in providing the best-in-class training for its team while offering industry competitive benefits and is rapidly expanding its national footprint.
Contact:
Chuck Reimel
VP of Business Development, Pye-Barker Fire & Safety
(910) 612-6252
creimel@pyebarkerfire.com
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SOURCE Pye-Barker Fire & Safety | https://www.mysuncoast.com/prnewswire/2022/07/12/pye-barker-fire-amp-safety-acquires-bender-amp-modlin-fire-sprinkler-florida/ | 2022-07-12T22:10:43Z |
NEW YORK, May 15, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH) between May 7, 2021 and February 25, 2022, inclusive (the "Class Period"), of the important June 14, 2022 lead plaintiff deadline.
SO WHAT: If you purchased Aurinia securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Aurinia class action, go to https://rosenlegal.com/submit-form/?case_id=3851 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 14, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Aurinia was experiencing declining revenues; (2) Aurinia's 2022 sales outlook for LUPKYNIS would fall well short of expectations; (3) accordingly, Aurinia had significantly overstated LUPKYNIS's commercial prospects; (4) as a result, Aurinia had overstated its financial position and/or prospects for 2022; and (5) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Aurinia class action, go to https://rosenlegal.com/submit-form/?case_id=3851 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
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SOURCE Rosen Law Firm, P.A. | https://www.mysuncoast.com/prnewswire/2022/05/15/rosen-respected-investor-counsel-encourages-aurinia-pharmaceuticals-inc-investors-with-losses-over-100k-secure-counsel-before-important-deadline-securities-class-action-auph/ | 2022-05-15T16:52:12Z |
ST. PAUL, Minn. (AP) — An extensive state investigation launched after the police killing of George Floyd in 2020 found that the Minneapolis Police Department has engaged in a pattern of race discrimination for at least the past decade.
The Minnesota Department of Human Rights said Wednesday it will negotiate a court-enforceable agreement called a consent decree with the city of Minneapolis to address the long list of problems identified in the report.
Here’s a look at some of the key findings and recommendations.
PATTERNS AND PRACTICES
The agency found that the city and police department have engaged in a “pattern or practice” of race discrimination in violation of state law. Its report detailed evidence showing disparities in how officers use force, stop, search, arrest and cite people of color, particularly Black people, compared to white people in similar circumstances.
POLICE CULTURE
The report said race-based policing in Minneapolis is primarily a result of police force culture. Officers, supervisors and trainers “receive deficient training, which emphasizes a paramilitary approach to policing that results in officers unnecessarily escalating encounters or using inappropriate levels of force,” it said.
The department’s accountability systems are “insufficient and ineffective at holding officers accountable for misconduct,” the report said. But it said former and current city and police leaders have failed to act, effectively allowing an aggressive culture to fester.
The report said the department maintains a culture where officers “consistently use racist, misogynistic, and disrespectful language and are rarely held accountable” for it.
“Without fundamental organizational culture changes, reforming MPD’s policies, procedures, and trainings will be meaningless,” the report said.
USE OF FORCE
The report found that officers use “higher rates of more severe force” against Black residents than white people in similar circumstances. Since 2010, 13 of the 14 people killed by Minneapolis officers were people of color or Indigenous. Those groups comprise about 42% of the city’s population, but 93% of the city’s officer-involved deaths since 2010. And while only about 19% of the city’s residents are Black, 63% of all use-of-force incidents were against Black people.
TRAFFIC STOPS
The report found that Minneapolis officers are more likely to stop vehicles with people of color and Indigenous individuals, often for minor offenses. When stopped for either moving violations or no genuine reason at all, officers were more likely to ask them than white people if they had guns or drugs, and to search their vehicles without legal justification. And it said officers are more likely to use force against Black drivers in traffic stops, and to arrest them, than white motorists in similar circumstances.
DISORDERLY CONDUCT
Minneapolis police improperly, excessively and disproportionately cite Black people for disorderly conduct and obstruction of the legal process, the report said. Community members told investigators it often happens “when officers are annoyed with or displeased with a community member’s reaction or response to a police officer’s presence.” Often the charges are dropped because they likely are unjustified, it said, while white people are more likely to get leniency. And it said the financial and other collateral costs of unjustified citations to Black people “can be substantial, and at times, devastating.”
COVERT SOCIAL MEDIA
The review found that police used “covert, or fake, social media accounts to surveil and engage Black individuals, Black organizations, and elected officials unrelated to criminal activity, without a public safety objective.” That included efforts to falsely engage with Black individuals and groups, including the NAACP and Urban League, often using “language to further racial stereotypes associated with Black people, especially Black women.” Police also used covert accounts to criticize elected officials, including an unnamed City Council member and an unnamed state elected official.
In contrast, the report said, officers did not track and surveil white people in cases unrelated to criminal activity, and did not use covert social media accounts to track white supremacist or white nationalist groups.
RECOMMENDATIONS
The city and police department don’t need to wait for the planned consent decree that the two sides will negotiate, the report said. The Human Rights Department proposed three immediate steps to take. The first was a series of measures to improve accountability and oversight, including a reset of performance expectations, better investigations of alleged misconduct, and better coaching of officers in need of improvement. Second, the report urged the department to quickly overhaul its training to shift from a paramilitary to a public service approach. And it said leaders must “communicate honestly” when critical incidents such as officer-involved shootings arise.
___
Find AP’s full coverage of the death of George Floyd at: https://apnews.com/hub/death-of-george-floyd | https://cw33.com/news/ap-top-headlines/state-report-details-bias-in-minneapolis-police-department/ | 2022-04-28T19:00:22Z |
NEW YORK, Sept. 6, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ARCH, TSLA, AMD, CVX, and AAPL.
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SOURCE InvestorsObserver | https://www.mysuncoast.com/prnewswire/2022/09/06/thinking-about-trading-options-or-stock-arch-resources-tesla-advanced-micro-devices-chevron-or-apple/ | 2022-09-06T14:42:18Z |
ANAHEIM, Calif. (AP) — Shohei Ohtani can do it all on a baseball field, yet the Japanese two-way sensation had never hit a grand slam as a professional.
He changed that Monday night.
Ohtani’s first slam came on a two-homer night, Mike Trout also homered and the surging Los Angeles Angels beat the Tampa Bay Rays 11-3.
“Honestly I didn’t know it was my first one. In my head I thought I hit one in Japan, but I guess not,” Ohtani said through his interpreter.
The AL MVP hit two homers in a game for the second time this season and eighth in the majors. Ohtani had a solo shot in the sixth inning off Jalen Beeks. In the seventh, he connected on a 3-1 cutter from Calvin Faucher, who was making his big-league debut, and sent it over the wall in left for the Angels’ third grand slam this season.
“I wasn’t expecting to hit two home runs,” said Ohtani, who has gone deep six times this season. “I wasn’t sitting on any particular pitches. If the ball was in the zone, I wanted to put good swings on it. Trout set the tone the previous at-bat by hitting that home run.”
Ohtani — who will receive his AL MVP Award before Tuesday’s game — is one homer shy of becoming the third Japanese-born player to reach 100 in the majors. He has 147 in his professional career, including 48 with the Hokkaido Nippon Ham Fighters in five seasons in Japan’s Nippon Professional Baseball league.
Tampa Bay manager Kevin Cash said it was not the ideal debut for Faucher, but he had some perspective.
“He got the first three guys on and then had the wrong three guys coming up. Hopefully he can look back and have the appreciation he was pitching to Trout and Ohtani,” Cash said.
Ohtani also finished with three hits on the night to raise his batting average to .252, the highest it has been since April 29. Ohtani came into the game in a 5-for-27 May slump, but after getting a two-run double and scoring the winning run in the ninth inning in Sunday’s 5-4 win over Washington, Ohtani has shown manager Joe Maddon signs of rediscovering his swing.
“He has booked better. I mean, when the ball is going on left center, he just been a little bit underneath everything and now the angles have gotten better off the bat. If we could keep them right there for the next several months,” Maddon said.
Trout and Jared Walsh also went deep and drove in three runs each for the Angels, who have won five of six.
Randy Arozarena homered and Wander Franco had three hits for the Rays, who have dropped their last two after winning six straight.
Trout’s two-run shot to left field off Beeks in the sixth inning extended the Angels’ lead to 5-1. Ohtani then homered on the next pitch, the fourth time the two MVPs have connected in consecutive at-bats and the first since June 8, 2019.
Arozarena gave the Rays a 1-0 lead in the fourth inning with a drive into the right-center field bleachers off Noah Syndergaard (3-1).
The Angels responded in the bottom half. Trout singled through the hole at shortstop, Ohtani hit a high fly ball that center fielder Kevin Kiermaier lost in the lights for a single, and Walsh hit a three-run shot to center off Jeffrey Springs (1-1).
Walsh extended his hitting streak to six games. He is 10 for 24 over that stretch with four home runs and 12 RBIs.
FOR STARTERS
Syndergaard failed to retire the Rays in order in his 5 1/3 innings of work. Tampa Bay had runners on second and third with no outs in the second inning, but Syndergaard escaped with two strikeouts and a groundout.
The right-hander allowed seven hits and a walk, striking out seven.
Springs retired the first 10 hitters — including four by strikeout — before running into trouble.
MILESTONE HOMER
Trout’s homer in the sixth was his 161st at Angel Stadium, passing Tim Salmon for the most in ballpark history.
MARGOT INJURED
Tampa Bay outfielder Manuel Margot, who was named AL Player of the Week earlier Monday, left the game with right hamstring discomfort after making a headfirst slide while stealing second base during the sixth inning. Margot went 2 for 3 is 14 for 27 over the past eight games.
TRAINER’S ROOM
Rays: RHP JT Chargois (left oblique tightness) played catch and may soon start throwing off the mound.
Angels: OF Taylor Ward was not in the lineup after he tweaked his right hamstring on Sunday. … RHP Griffin Canning (low back stress reaction) threw a two-inning simulated game.
UP NEXT
Rays: RHP Corey Kluber (1-1, 2.36 ERA) has allowed one run in his last 14 innings.
Angels: LHP Reid Detmers (1-1, 5.32) has a 3.21 ERA in his three home starts this season.
___
More AP MLB: https://apnews.com/hub/mlb and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/ohtani-hits-2-homers-1st-grand-slam-angels-beat-rays-11-3/ | 2022-05-10T15:34:44Z |
WATERTOWN, Mass., May 5, 2022 /PRNewswire/ -- Fluent BioSciences, a biotechnology company focused on making single-cell analysis simple and accessible to every researcher, announced expanded early access to two new products for 3′ single-cell RNA analysis. Scaled to efficiently and effectively meet diverse experimental demands, PIPseqTM T2 and T20 kits capture up to 2,000 and 20,000 single cells per reaction, respectively. Fluent is actively engaged with leading researchers in diverse fields including neuroscience, drug discovery, and cancer biology to demonstrate the unique advantages to experimental flexibility and scalability afforded by PIPseq.
"We continue to execute on our mission to accelerate the understanding of biology and disease through accessible, affordable, and scalable solutions", stated Sepehr Kiani, co-founder, and CEO of Fluent BioSciences. "I am very pleased that we have been able to leverage Fluent's unique, instrumentation-free scRNA-seq platform to rapidly introduce an order-of-magnitude increase in cell capture compared to our initial T2 kits. We are poised for rapid development and deployment of new tools to address the diversity of emerging single-cell applications."
Fluent has been excited to collaborate with Dr. Zev Gartner, Professor of Pharmaceutical Chemistry at the University of California, San Francisco to evaluate cellular diversity in human breast tissue. "We required a single-cell RNA-seq platform with a simple workflow suitable for rapid analysis of clinical specimens, that scales from small to large numbers of cells, and meets our data quality metrics", stated Dr. Gartner. "Tissues analyzed using the T2 and T20 kits have exceeded our expectations." White papers detailing these early studies are available at www.fluentbio.com, and researchers are invited to contact Fluent to learn more about applying PIPseq to their biological question of interest.
About Fluent BioSciences
Fluent BioSciences is a privately funded biotechnology company with a mission to accelerate the understanding of biology and disease through accessible, affordable, and scalable solutions for every laboratory from research to the clinic. Fluent's breakthrough Pre-templated Instant Partitions (PIPseq™) technology facilitates near-instantaneous self-assembly of individual cells or molecules into millions of uniform partitions without the need for complex instrumentation or expensive consumables. This powerful platform enables extremely sensitive and unbiased preparation of proteins and nucleic acids for a broad range of applications including single-cell RNA sequencing (scRNA-seq).
For more information, visit https://www.fluentbio.com/
Contacts: Ram Santhanam, rsanthanam@fluentbio.com
Jessie Matakis, jmatakis@fluentbio.com
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SOURCE Fluent BioSciences | https://www.wibw.com/prnewswire/2022/05/05/fluent-biosciences-expands-access-industrys-most-flexible-scalable-technology-pipseq-enable-sensitive-single-cell-transcriptome-analysis-any-laboratory/ | 2022-05-05T17:01:42Z |
U.S. passed 1 million COVID deaths. More than 1,700 of those were in Stark County
The United States surpassed one million COVID-19 deaths this week, a tragic milestone in the more than two-year fight against the coronavirus pandemic. Worldwide, the COVID-19 deaths are more than 6 million.
Meanwhile, COVID-19 cases are increasing again, as a combination of omicron subvariants, waning vaccine efficacy and relaxed public health measures create an environment for the illness to continue spreading.
"We recently reached a terrible milestone as a nation in this pandemic: 1 million lives lost," Stark County Health Commissioner Kirkland Norris said. "The past two years have been a challenge for many Stark County families. None more so than those who lost a loved one to COVID-19."
Here's a look at where COVID cases stand in Stark County:
COVID-19 in Stark County:After near-death COVID-19 experience, Jackson couple hopes to give back to care workers
How many COVID cases have there been in Stark County?
On March 10, 2020, Gov. Mike DeWine first declared a state of emergency following the confirmation of three COVID-19 cases in the state. Later analysis found that COVID-19 cases had arrived in Ohio – and Stark County – as early as the end of January 2020.
In the two years since, more than 2.7 million cases have been reported statewide, with 81,340 in Stark County. The official numbers are likely an undercount, especially in recent months, as at-home testing, which doesn't require the same data reporting as testing by health departments or other entities, has become more accessible.
Long Haulers:Canton man dies after nine-month battle from COVID-19
The county also saw 4,176 hospitalizations due to COVID-19 over the same time period.
How many people in Stark County have died from COVID-19?
The first Stark County death from COVID-19 came less than two weeks after the state's emergency declaration. On March 22, a 58-year-old Nimishillen Township man died at Cleveland Clinic Mercy Hospital.
"The pandemic has brought us some of the darkest days in recent memory," Norris said. "Losing a loved one, now or at any time, is devastating to family and friends of that person. We send our sincere condolences to those Stark County families who have lost someone to COVID-19."
Delayed Grief:COVID-19 puts traditional mourning on hold
Statewide, 38,590 Ohioans have died from COVID-19. In Stark County, 1,718 residents have died from the virus. The current death toll doesn't take into account those who died indirectly as a result of the pandemic, who may have foregone treatment for life threatening conditions or missed critical preventative care.
Death rates rose early in the pandemic, as hospitals struggled to get the protective equipment they needed to keep health providers safe and as the country struggled to understand the COVID-19 virus and how to approach it.
"It is tragic that we have now lost 1 million people in our country due to COVID," Cleveland Clinic Mercy President Dr. Timothy Crone said. "This sad milestone also makes us reflect on what the country has been through the past two years, and in particular, our caregivers. We are proud of the strength, resilience and compassion our caregivers have displayed throughout the pandemic."
COVID-19 in Ohio:Ohioans have received $57 million in FEMA funeral assistance for COVID-related deaths
Despite the challenges of the first bout of COVID-19, the next two years would bring waves of death that dwarfed the initial mortality, particularly as new variants of COVID-19 cropped up. Deaths spiked considerably in the winter, with 681 deaths between Oct. 31, 2020 and March 1, 2021. The next winter was similar, with 547 deaths over the same time period.
“Treating patients with severe COVID-19 has been the most challenging experience in our professional lives. It has been a battle where we fought for patients, their families and our own sanity," said Dr. Nihad Boutros, medical director of critical care at Aultman Hospital. "It has been an honorable fight during which we reserved nothing and saved so many lives, but lost so many."
Norris said that 2021 was the deadliest year for Stark County, with 805 residents lost to the virus. A preliminary analysis from researchers at the University of Colorado, the Urban Institute and Virginia Commonwealth University found that the country's life expectancy dipped from 78.86 years in 2019 to 76.99 years in 2020 to 76.60 years in 2021.
"While we cannot say what the true impact on life expectancy is yet, we do know that COVID-19 has impacted the physical health of many through infection, the mental health of those who grieve for a loved one, and the financial health of residents through loss of a job," Norris said.
Where does Stark's vaccination progress stand?
The arrival of COVID-19 vaccines in the late winter of 2020 brought hope to the country. Rollout started with frontline workers and over several months expanded to reach the majority of the population.
In Stark County, 212,906 people have started their vaccinations to date, about 57.45% of the population. The majority of this group jumped on vaccinations early during the summer of 2021, when all adults first became eligible for vaccination.
Vaccines for mothers:'You try to protect your baby.' Canton family welcomes newborn after COVID-19 infection
Other small increases in Stark's vaccination rates came when eligibility expanded, particularly when children became eligible.
Vaccine efficacy wanes over time, and as developers learned the efficacy lifespan for COVID-19 vaccines, boosters were developed to help reinforce protection. In Stark County, 108,968 residents have gotten their first booster and 13,857 have received a second booster.
Currently, only those over the age of 50 are eligible for the second booster, but the Centers for Disease Control and Prevention released a statement Thursday recommending the expansion of second booster eligibility to immunocompromised people over the age of 12, as well as recommending first boosters for children ages 5 to 11.
Vaccines and boosters can be located using gettheshot.coronavirus.ohio.gov or through armorvax.com.
"Today, we have many more tools, such as vaccines, treatments and antivirals, which we did not have at the start of the pandemic," Crone said. "We urge everyone to get vaccinated and boosted –—it’s the best way to protect yourself and your loved ones."
COVID-19 cases are creeping back up
Nationwide, COVID-19 infections are once again rising, driven by waning vaccine efficacy, new variants and the abandonment of health measures like mask wearing and social distancing.
Norris said that thus far in Stark, May case counts are down from April. At the beginning of the month, the county saw 327 cases but in the past week that number has declined to 169 cases.
However, the county is currently averaging 36 new cases per day, up from 19 cases a day in April.
Hospitalizations are also up slightly. Cleveland Clinic Mercy Hospital had 14 patients hospitalized with COVID-19 on Thursday, up from six last Wednesday and 10 last Friday. Aultman Hospital had seven patients hospitalized with COVID-19.
"Sadly, this virus has inflicted so much pain and suffering in our community, and it has also changed and disrupted the lives of so many," Boutros said. "We will never forget the many who lost their lives and families who lost loved ones — your tears and sorrows will live with us forever.”
Sam Zern can be reached at szern@cantonrep.com or 330-580-8322. You can also find her on Twitter at @sam_zern. | https://www.cantonrep.com/story/news/healthcare/2022/05/20/us-surpassing-1-million-covid-deaths-stark-county/9823883002/ | 2022-05-20T18:29:18Z |
WASHINGTON (AP) — State officials across the nation have taken on Big Tech companies in the courts and state legislatures, and federal regulators have nipped at Twitter over alleged violations of users’ data privacy.
Now, one state attorney general with an outsize personality and edge-skating stance nearly in the league of Elon Musk is striding into the maelstrom of Musk’s $44 billion now-tenuous bid for Twitter. He is launching an investigation of Twitter for “potential false reporting” of bots on its platform to bolster complaints Musk himself made this week in threatening to walk away from the deal.
Texas Attorney General Ken Paxton announced his investigation of Twitter on Monday just hours after Musk, the billionaire Tesla and SpaceX CEO, accused Twitter of refusing to disclose the extent of its spam bot and fake accounts.
The unexpected turn in the months-long drama of Musk and Twitter sent that company’s shares down 1.5%, likely angering shareholders who had filed suit against Musk last month, accusing him of deflating the stock price. Twitter’s shares have tumbled more than 20% in the last month. They closed at $40.13 Tuesday, up 57 cents.
Paxton’s unusual move struck observers as singular and possibly inappropriate, though he likely has the legal authority to pursue it. In launching his investigation, Paxton suggested that Twitter might have violated Texas’ Deceptive Trade Practices Act.
The state attorney general’s move against Twitter is far different from the growing legal actions taken by groups of states that have joined to target alleged anticompetitive practices by Google and Meta, for example, or to investigate TikTok and its possible harmful effects on young users’ mental health.
Individual state attorneys general don’t normally investigate a major publicly traded company over its regulatory filings. In Twitter’s case, the data it submitted to the U.S. Securities and Exchange Commission involve complex federal law.
“The SEC has the resources and the expertise and the legal remedies for this, and I doubt that Texas has any of these,” Marc Fagel, a securities law expert who was the regional director of the SEC’s San Francisco office, said in an interview. “It’s a headline-based investigation as far as I can tell.”
Johnny Koremenos, a spokesman for the Republican Attorneys General Association, told The Associated Press that he’s unaware of any other state attorney general who might be planning to launch a similar investigation into Twitter.
James Tierney, a former Maine attorney general who teaches at Harvard, was critical of Paxton’s probe, which he sees as aiding Musk, whose electric car maker Tesla recently opened a plant in Texas’ capital of Austin.
“Consumer laws exist to protect consumers from real harm,” Tierney said. “They do not exist to allow a government official to meddle in ongoing corporate transactions on behalf of a constituent.”
Paxton notes that Twitter had said in its filings with the SEC that fewer than 5% of all users are bots, when, Paxton asserts, “they may in fact comprise as much as 20% or more” of the 229 million total accounts. Musk contended in a May tweet, without providing evidence, that 20% or more are bogus.
Paxton demanded that Twitter turn over documents by June 27 to show how it calculates and manages its user data.
“The difference could dramatically affect the cost to Texas consumers and businesses who transact with Twitter,” such as advertisers, Paxton contended in his announcement. He asserted that the disparity may inflate the value of Twitter, now estimated at $30.5 billion, and raise the costs of doing business with it.
Twitter spokespeople declined comment Tuesday on Paxton’s announcement. The company said in a statement Monday that it has been cooperatively sharing information with Musk in accordance with the terms of the merger agreement.
The Texas attorney general, who has long carved out a distinctive public persona, isn’t likely to mind any criticism. A Republican currently running for a third term as the state’s top lawyer, Paxton has yet to have his day in court after being indicted on securities fraud charges in 2015, and his career has upended what it means to be a compromised officeholder in Texas.
His critics say Paxton has become an example of how powerful public figures can drag out even normally career-threatening criminal charges and defy predictions of their political demise.
Conservative Republicans, who accuse social media like Twitter of anti-conservative bias and censoring views of those opposed to abortion and others, have embraced Musk’s bid for Twitter because of his advocacy of free speech in place of the platform’s content moderation. Paxton’s fellow Texan U.S. Sen. Ted Cruz has called Musk’s move “the biggest development for free speech in decades.”
—
Associated Press writers Geoff Mulvihill in New Jersey and Acacia Coronado in Texas contributed to this report.
__
Follow Marcy Gordon at https://twitter.com/mgordonap | https://cw33.com/business/ap-business/texas-ag-strides-into-twitter-takeover-drama-to-bolster-musk/ | 2022-06-08T17:29:58Z |
LONDON (AP) — Former professional tennis player Pam Shriver, now a television commentator for ESPN and the BBC, says that she “had an inappropriate and damaging relationship with my much older coach” that began when she was 17 and he was 50.
In a first-person account published Wednesday by British newspaper The Telegraph, Shriver describes a “painful and emotional journey” that included what she writes was a relationship with coach Don Candy that lasted a little more than five years.
Candy died in 2020.
“I still have conflicted feelings about Don. Yes, he and I became involved in a long and inappropriate affair. Yes, he was cheating on his wife. But there was a lot about him that was honest and authentic. And I loved him,” she says. “Even so, he was the grown-up here. He should have been the trustworthy adult.”
Shriver, who is now 59, turned pro in 1979, a year after she made it to the U.S. Open singles final at age 16. She beat Martina Navratilova in the semifinals before losing the title match to Chris Evert.
Shriver, who is from Maryland, would later team with Navratilova to win 21 Grand Slam trophies in women’s doubles.
In Wednesday’s piece, Shriver writes her “main motivation is to let people know this still goes on — a lot. I believe abusive coaching relationships are alarmingly common in sport as a whole. My particular expertise, though, is in tennis, where I have witnessed dozens of instances in my four-and-a-bit decades as a player and commentator.”
“Every time I hear about a player who is dating their coach, or I see a male physio working on a female body in the gym, it sets my alarm bells ringing,” she says.
___
More AP tennis: https://apnews.com/hub/tennis and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/ex-tennis-pro-shriver-damaging-relationship-with-coach/ | 2022-04-21T04:25:49Z |
Suspect arrested in Wisconsin homicide investigation
CHIPPEWA FALLS, Wis. (WEAU/Gray News) - The Chippewa Falls Police Department arrested a juvenile suspect in their homicide investigation into the death of 10-year-old Iliana Peters.
Chippewa Falls Police Chief Matthew Kelm said the arrest was made in the city of Chippewa Falls Tuesday evening.
Kelm said that the suspect was not a stranger to Peters, and was known to her. He said with the suspect is in custody and the public is no longer in danger. No other details were given about the suspect, including whether the suspect was related to Peters.
“While nothing will bring Lily Peters back or change what happened, we are very grateful to be able to deliver this news for the family and for the community,” Kelm said.
Police executed a search warrant at 422 N. Grove Street, near where Peters’ body was found.
Kelm said over 200 tips were provided to the police department, which were critical to the investigation.
The crime scene will be held by law enforcement for the time being, which includes the Duncan Creek Trail, the Leinenkugel’s Brewery parking lot and the wooded areas nearby.
The public is asked to avoid the area. Kelm said anyone with information that can help the case should call the police department’s tip line at 1-800-263-5906 through tomorrow.
After that, tips can be provided to the Chippewa Falls Police Department’s non-emergency line.
Nearly 20 federal, state and local agencies worked on the case in the past two days.
Copyright 2022 WEAU via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/04/27/suspect-arrested-wisconsin-homicide-investigation/ | 2022-04-27T03:20:52Z |
Netwrix study reveals that manufacturing organizations experienced these types of attacks more often than any other industry surveyed.
IRVINE, Calif., Aug. 2, 2022 /PRNewswire/ -- Netwrix, a cybersecurity vendor that makes data security easy, today announced additional findings for the manufacturing sector from its global 2022 Cloud Security Report.
According to the survey, half (51%) of manufacturing companies experienced an attack on their cloud infrastructure within the last 12 months. The most common type of attack was phishing, reported by 73% of respondents.
Compared to other industries, the manufacturing sector turned out to be more prone to account compromise and supply chain attacks within the last year. 38% of respondents in this sector had to deal with account compromise at least once, while the average for all other industries was 31%. Similarly, 19% of manufacturing organizations experienced supply chain compromise but only 15% of respondents from other verticals reported this type of attack.
"The most common reason for cloud adoption in the manufacturing sector (cited by 57% of respondents) is supporting remote workers. Business pressure to grant remote access quickly to many workers leads to a wider attack surface and might be the root cause for the increased number of account compromise attacks," comments Dirk Schrader, VP of security research at Netwrix. "To mitigate this risk, manufacturing organizations should pay closer attention to identity management, especially for privileged accounts. A zero standing privilege approach is particularly effective in this situation since it creates accounts only on request and deletes them once the specified task is completed."
The survey also shows that cloud adoption in the manufacturing sector is progressing slower than in other markets. Indeed, while on average 41% of workloads are already in the cloud, manufacturing organizations have moved only 35% of their operations there. Lack of budget is the main factor slowing cloud adoption; 45% of respondents in this industry highlighted this reason, compared to 35% overall.
Another difference is that manufacturing organizations are more concerned about the cyber risks associated with their own employees. 48% of respondents consider their staff to be one of the biggest risks to data security in the cloud, which is 11% more than average. This affects cybersecurity decisions: In the manufacturing sector, 75% have implemented multifactor authentication and 70% audit user activity, compared to 69% and 58% respectively in the other industries. Moreover, 41% of manufacturing companies plan to start performing regular review of access rights.
"Cloud adoption is accelerating in the manufacturing sector: These organizations report that they expect 52% of their workloads to be in the cloud by the end of 2023, up from the current 35%. Fast implementation of cloud computing could cause security gaps. Paying close attention to securing all three attack vectors — data, identities, and infrastructure — will reduce the risk of infiltration and its consequences," adds Schrader.
Netwrix makes data security easy, thereby simplifying how professionals can control sensitive, regulated and business-critical data, regardless of where it resides. More than 11,500 organizations worldwide rely on Netwrix solutions to secure sensitive data, realize the full business value of enterprise content, pass compliance audits with less effort and expense, and increase the productivity of IT teams and knowledge workers.
Founded in 2006, Netwrix has earned more than 150 industry awards and been named to both the Inc. 5000 and Deloitte Technology Fast 500 lists of the fastest growing companies in the U.S.
For more information, visit www.netwrix.com.
CONTACT:
Erin Jones
Avista PR for Netwrix
P: 704.664.2170
E: pr@netwrix.com
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SOURCE Netwrix Corporation | https://www.mysuncoast.com/prnewswire/2022/08/02/manufacturing-sector-2022-is-more-vulnerable-account-compromise-supply-chain-attacks-cloud-than-other-verticals/ | 2022-08-02T12:53:53Z |
WATCH: Firefighters rescue woman trapped under public transit bus
STAMFORD, Conn. (WFSB/Gray News) - Firefighters in Connecticut rescued a woman who was trapped under a public transit bus on Tuesday.
The Stamford Fire Department says they received multiple 911 calls about a woman who had been struck by a bus at an intersection.
Callers reported that she became trapped under it, according to WFSB.
The fire department dispatched several crews, including a ladder company. Stamford police and EMS were also called to the scene.
The first firefighters arrived on the scene in less than two minutes and confirmed that the woman was trapped under the front axle of a tandem-style CT Transit bus. The woman was conscious, alert and able to talk with firefighters.
First responders immediately began a difficult extrication process that involved stabilization of the bus and lifting it using high-pressured air bags.
The woman was safely removed from under the bus in less than 10 minutes. She was taken by ambulance to the hospital for her injuries.
Deputy Chief Matt Palmer said the rescue was a “valiant and flawless effort” by first responders, demonstrating their talents and capabilities.
“Given the size and weight of this bus, we are very grateful that her injuries were not more serious,” Palmer said.
Stamford police are investigating.
Copyright 2022 WFSB via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/07/07/watch-firefighters-rescue-woman-trapped-under-public-transit-bus/ | 2022-07-07T18:24:32Z |
PORTLAND, Ore., June 7, 2022 /PRNewswire/ -- Pacific Northwesterners know the best way to cool off in the summer is in one of our many rivers.
Scott Cascella, owner of the Portland Rafting Company agrees. Operating on the White Salmon River on the Washington side of the stunning Columbia Gorge, PDX Raft, as it's affectionately known to guests, is offering a new way to cool off this summer - the Full Day Rafting Adventure. The full day trip includes a local lunch option, and is a great way to spend a day of family fun in the Gorge.
"We're so excited to introduce people to the Lower White Salmon Gorge," said Cascella. "It feels like you're a million miles from civilization, but you can grab dinner 10 minutes away."
This full day option complements PDX Raft's half day option, the Splashes and Smiles trip. All of the company's trips are suitable for ages 8 and up and are accessible for those with or without swimming experience. Cascella says that the White Salmon River is considered a class 3+ river, and is suitable for those who have never been rafting, while still being exciting for those seeking a thrill.
"Our guides know how to tailor the experience to make it enjoyable for all participants," said Cascella. "We've taken ages 8 to 85, and everyone walks away happy."
For more information visit the Portland Rafting Company website at www.pdxraft.com
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SOURCE Portland Rafting Company | https://www.wibw.com/prnewswire/2022/06/07/pdx-rafting-announces-full-day-rafting-adventure/ | 2022-06-07T20:14:03Z |
SECOND SHOT SITDOWN — In this series, Jenny Anchondo has talked about so many different ‘second shots’ at life, in areas like finances, business, and health; but she’s never discussed the comeback after a divorce.
Especially a high-profile divorce case, like the one model, actress and mother Pilar Sanders went through.
After 14 years of marriage to ex-NFL superstar Deion Sanders, Pilar and Deion filed for divorce, a divorce that was contentious and highly publicized.
Jenny Anchondo talked with Pilar about how she came back from that.
This is part of a 30-minute conversation. Click here to listen to the full episode. | https://cw33.com/lifestyle/second-shot/second-shot-pilar-sanders/ | 2022-06-17T15:48:25Z |
AdTheorent/Harris Poll Survey Data Shows That the Majority of Travelers Use Their Digital Devices to Research and Book Travel and that Advanced, Tech-Forward Approaches to Advertising Creative Have High Success at Driving Consumer Actions
NEW YORK, June 16, 2022 /PRNewswire/ -- AdTheorent Holding Company, Inc. ("AdTheorent" or the "Company) (Nasdaq: ADTH), a leading programmatic digital advertising company using advanced machine learning technology and privacy-forward solutions to deliver measurable value for advertisers and marketers, today announced results from the AdTheorent Advertising Trends Report (now available for download here), based on research conducted online on behalf of AdTheorent by The Harris Poll among more than 2,000 U.S. adults. The AdTheorent Report identifies key trends related to consumers' interaction with digital advertising during the travel journey, as well as the importance of proper targeting and ad relevance. Advertisers should note that relevant or tailored ads create brand equity for a travel company and drive increased visitation to travel destinations.bConversely, irrelevant ads can have the opposite effect, causing consumers to have a less favorable opinion of the travel company, and making them less likely to visit a destination.
According to the U.S Travel Association, total travel spend in April of 2022 was $100 billion, 3% above 2019's pre-pandemic levels. In fact, AdTheorent's research found that consumer interest in travel may be at an all-time high with 57% of 2022 travelers considering themselves revenge travelers, classified as people making up for lost time traveling due to 2+ years of travel restrictions/limitations caused by the pandemic. Additionally, with more than 4 in 5 2022 travelers (83%) planning to splurge on travel expenses this year it is a critical time for travel marketers to gain consumer mindshare and wallet-share. AdTheorent's Report examines the impact of various immersive advertising creative formats in researching and booking travel, transportation and lodging, as well as consumer booking timeframes. Additionally, the Report highlights emerging travel styles, preferred payment methods, key motivators and considerations for travelers when evaluating vacation destinations, as well as holiday travel research and booking trends.
DIGITAL DEVICES LEAD THE WAY: Digital dominates the travel journey and the majority of travelers have booked a vacation because of ads, with digital ads proving most effective
- A majority of travelers overall (defined as those who have been on a vacation that required at least one overnight stay) use digital devices to research (82%) and book (77%) their trips, and they are using digital devices for everything from lodging to activities
- Over two thirds of travelers (69%) have booked a vacation that required at least one overnight stay as a result of an ad they saw, and more than half (53%) have been motivated to book by digital ads; 24% have been motivated by digital ads including a coupon or special offer and 23% have been motivated by digital ads that are personalized.
- Types of ads, by device or medium, that motivate consumers to engage:
TAILORED ADVERTISING WORKS: Relevant and personalized ads drive positive opinions and bookings:
- Relevant or tailored ads can create brand equity and increased foot traffic at travel destinations, while ads that are not relevant to consumers can have the opposite effect:
ADVERTISING CREATIVE MATTERS: Immersive and engaging digital ad experiences drive action
- Advanced, tech-forward approaches to creative have high success at driving consumer action as the majority of travelers surveyed cite various ad formats that would spark action from them, such as researching an advertised destination or considering it for a future trip. At least three quarters of travelers would be likely to take action as a result of seeing various unique creative digital ad formats featuring a travel destination. Actions most likely to be influenced by creative ad format include:
- If served a 360-degree video ad (i.e., an immersive and interactive video ad that makes a user feel like they're in the destination and allows them to explore different elements of the destination):
- If served a predictive creative ad (i.e., a digital ad that is completely customized specifically for a user, from colors to creative elements and content):
- If served a 4-way swipe ad (i.e., an ad that allows the viewer to explore different activities, food options, events and things to do in a destination via swiping within the ad):
NEW TRAVEL STYLES ARE EMERGING: Travelers are interested in new types of travel as well as emerging technologies
- Travelers are interested in the following types of travel:
- Travelers are also interested the following emerging technologies that can enhance the travel experience:
HOLIDAY TRAVEL: How and when consumers are researching
Digital and online methods lead the way when it comes to researching holiday travel destinations with 77% of holiday travelers saying they typically research their holiday travel online. Resources used to research holiday travel destinations include:
- 39% Travel booking websites
- 37% Word-of-mouth (i.e., talking to people who have traveled to my destination)
- 34% Travel review websites
- 34% Social media
- 30% Destination-specific websites
- 26% Other websites/online resources
- 19% Destination guidebooks
- 15% Worked with a travel agent
- 12% Government agency websites
"AdTheorent's Travel Advertising Trends Report shows that consumer interest in travel has rebounded enthusiastically, and that properly targeted and well-executed digital advertising can be a key driver of consideration and booking for travel brands such as destinations, airlines, cruise lines, hotels, restaurants, attractions and more," said Jim Lawson, CEO of AdTheorent. "At AdTheorent, we use privacy-forward machine learning and data science to drive superior digital ad campaign performance for travel brands – measured by tangible business outcomes such as travel bookings, online and offline sales, as well as deep-funnel site actions. We commissioned this research by the Harris Poll to gain consumer-provided insights into travel decisioning and bookings to further inform client strategies and we are excited to share the results."
To view and download the AdTheorent Travel Advertising Trends Report, please visit: info.adtheorent.com/travel-trends
About AdTheorent
AdTheorent (Nasdaq: ADTH) uses advanced machine learning technology and privacy-forward solutions to deliver impactful advertising campaigns for marketers. AdTheorent's machine learning-powered Platform A\T powers its predictive targeting, geo-intelligence, audience extension solutions and in-house creative capability, Studio A\T. Leveraging only non-sensitive data and focused on the predictive value of machine learning models, AdTheorent's product suite and flexible transaction models allow advertisers to identify the most qualified potential consumers coupled with the optimal creative experience to deliver superior results, measured by each advertiser's real-world business goals.
AdTheorent is consistently recognized with numerous technology, product, growth and workplace awards. AdTheorent was awarded "Best AI-Based Advertising Solution" (AI Breakthrough Awards) for four consecutive years and "Most Innovative Product" (B.I.G. Innovation Awards) for five consecutive years. Additionally, AdTheorent is the only six-time recipient of Frost & Sullivan's "Digital Advertising Leadership Award." AdTheorent is headquartered in New York, with fourteen offices across the United States and Canada. For more information, visit adtheorent.com.
The AdTheorent Travel Advertising Trends Report Survey Methodology:
These surveys were conducted online within the United States by The Harris Poll on behalf of AdTheorent November 10-12, 2021 among 2,039 US adults ages 18 and older, among whom 1,873 are travelers, and May 17-19, 2022 among 2,015 US adults ages 18 and older, among whom 1,691 are 2022 travelers and 1,578 are holiday travelers. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within + 2.8 percentage points using a 95% confidence level. For complete survey methodology, including weighting variables and subgroup sample sizes, please contact press@adtheorent.com.
About The Harris Poll:
The Harris Poll is one of the longest running surveys in the U.S. tracking public opinion, motivations and social sentiment since 1963 that is now part of Harris Insights & Analytics, a global consulting and market research firm that delivers social intelligence for transformational times. We work with clients in three primary areas; building twenty-first-century corporate reputation, crafting brand strategy and performance tracking, and earning organic media through public relations research. Our mission is to provide insights and advisory to help leaders make the best decisions possible. To learn more, please visit www.theharrispoll.com
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SOURCE AdTheorent | https://www.wibw.com/prnewswire/2022/06/16/adtheorent-travel-advertising-trends-report-shows-more-than-half-57-2022-travelers-consider-themselves-revenge-travelers-83-plan-splurge-travel-expenses-this-year/ | 2022-06-16T12:44:33Z |
WASHINGTON (AP) — The FBI search of Donald Trump’s Mar-a-Lago estate marked a dramatic and unprecedented escalation of the law enforcement scrutiny of the former president, but the Florida operation is just one part of one investigation related to Trump and his time in office.
The potential legal peril from multiple quarters comes as Trump lays the groundwork for another presidential run in 2024. He has denied any wrongdoing and worked to cast Monday’s search as a weaponization of the criminal justice system and a political ploy to keep from another term in office, though the Biden White House said it had no awareness and the current FBI director was originally appointed by Trump.
Here’s a look at the probes underway in different states and venues:
____
THE NATIONAL ARCHIVES
Monday’s FBI search came as part of an investigation into whether he took classified records from the White House to his Florida residence, people familiar with the matter said. Trump himself confirmed the search publicly, with a fiery statement condemning it as “prosecutorial misconduct” and saying agents had opened up a safe in his home.
While Trump didn’t say what the search was related to, the Justice Department has been investigating for months the potential mishandling of classified information. It started after the National Archives and Records Administration said it had received 15 boxes of White House records from Mar-a-Lago, including documents containing classified information.
There are multiple federal laws dictating how classified records and sensitive government documents must be handled, including statutes that make it a crime to remove such material.
A search doesn’t necessarily mean criminal charges are imminent, but to get a warrant, federal agents would have to convince a judge they have probable cause to think a crime occurred.
2020 ELECTION AND CAPITOL RIOT
The Justice Department is investigating the Jan. 6, 2021, insurrection and efforts to overturn the election he falsely claimed was stolen, though whether the former president is a direct target of the probe remains unclear.
A federal grand jury recently subpoenaed the White House counsel under Trump, Pat Cipollone, and Cipollone’s top deputy, suggesting that prosecutors regard close advisers to Trump as potentially vital witnesses.
Federal prosecutors have been especially focused on a scheme by Trump allies to elevate fake presidential electors in key battleground states won by Joe Biden as a way to subvert the vote, issuing subpoenas in recent weeks to multiple state Republican party chairmen.
Authorities in June also searched the Virginia home of Jeffrey Clark, a former Justice Department lawyer who was known to champion Trump’s false claims of election fraud.
The Justice Department investigation is running parallel to a probe by a U.S. House committee which has held several public hearings, including in prime time, about efforts by Trump and his allies to overturn his 2020 election loss.
That House committee doesn’t have the power to file criminal charges, but legal experts have said the testimony gives prosecutors territory to explore, including the assertion that Trump sought to join his supporters in marching to the Capitol on Jan. 6 after holding a rally or that he dismissed warnings that people in the crowd weapons.
Trump has repeatedly denied any wrongdoing.
Trump also faces multiple civil lawsuits connected to Jan. 6. A federal judge has rejected Trump’s bid to toss lawsuits filed by lawmakers and Capitol police officers, saying the former president’s words “plausibly” led to the riot. Trump’s attorneys are appealing.
GEORGIA:
After his 2020 election loss, Trump called Georgia Secretary of State Brad Raffensperger and urged him to “find” the votes needed to overturn his narrow loss in the state.
That Jan. 2 phone call is part of an investigation by a prosecutor in Atlanta which could pose a more immediate legal threat to Trump.
Fulton County District Attorney Fani Willis has said she is contemplating subpoenaing Trump for his testimony, a move that would seek to force him to cooperate with a criminal probe.
Prosecutors have already sought the testimony of Trump associates, including lawyer Rudy Giuliani and Republican Sen. Lindsey Graham of South Carolina.
They’ve also advised Georgia Republicans who served as fake electors that they are at risk of being indicted. They signed a certificate asserting Trump had won the election and declaring themselves the state’s electors, even though Biden had won the state and a slate of Democratic electors had already been certified.
Trump has repeatedly described his call to Raffensperger as “perfect.”
NEW YORK:
New York Attorney General Letitia James is conducting a civil investigation into allegations that the former president’s company, the Trump Organization, misled banks and tax authorities about the value of assets like golf courses and skyscrapers to get loans and tax benefits.
The Manhattan district attorney’s office has also long been pursing a parallel criminal investigation into Trump’s real estate dealings.
In May, James’ office said that it was nearing the end of its probe and that investigators have amassed substantial evidence that could support legal action — such as a lawsuit — against Trump, his company or both.
Trump is expected to be questioned under oath in James’ investigation this month. Two of the former president’s adult children — Donald Trump Jr. and Ivanka Trump — recently sat for questioning in the investigation.
The Manhattan district attorney’s probe had appeared to be progressing toward a possible criminal indictment, but slowed after a new district attorney, Alvin Bragg, took office in January. Bragg has said his investigation continues.
Manhattan prosecutors last summer charged the Trump Organization and its longtime chief financial officer, Allen Weisselberg, with tax fraud. Prosecutors said Weisselberg collected more than $1.7 million in off-the-books compensation. Weisselberg and the company have pleaded not guilty.
Trump has denied the allegations and dismissed the investigations as politically motivated.
___
Richer reported from Boston. | https://cw33.com/news/politics/ap-politics/fbi-search-at-trump-mar-a-lago-estate-one-of-several-probes/ | 2022-08-09T18:01:52Z |
Fake marina with fake water steals show at Miami Grand Prix
By JENNA FRYER
AP Auto Racing Writer
MIAMI GARDENS, Fla. (AP) — Formula One pictured a race in Miami and envisioned sun, sand, beaches and boats. But when the inaugural Miami Grand Prix landed at Hard Rock Stadium, nowhere near the South Beach backdrop F1 was seeking, the promoter said don’t worry. The venue now has a fake marina, with fake water and all. Located between turns 4 and 6 at the purpose-built venue around the Miami Dolphins’ stadium, the man-made marina is a 25,000-square-foot dry dock designed to look like water. The 10 yachts are real, but the water is just plywood that’s been covered in a decal. | https://localnews8.com/sports/ap-national-sports/2022/05/07/fake-marina-with-fake-water-steals-show-at-miami-grand-prix/ | 2022-05-07T20:48:52Z |
McDonald’s in Vermont evacuated after employee throws live ammo on hot grill, police say
SOUTH BURLINGTON, Vt. (WCAX/Gray News) – An employee at a McDonald’s in Vermont threw bullets on a hot grill and the rounds started exploding, causing the restaurant to be evacuated, police said.
Police were called to the McDonald’s in South Burlington on Sunday evening for a disturbance.
Officers said an employee had a handgun and ammunition, which the worker threw on a hot grill and began exploding.
Fortunately, no one was injured, but the restaurant was evacuated. Police said officers were able to coax the worker into surrendering peacefully.
The employee, who was not identified, was taken to a nearby hospital for observation.
Police are still investigating and did not release further details.
Copyright 2022 WCAX via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/07/27/mcdonalds-vermont-evacuated-after-employee-throws-live-ammo-hot-grill-police-say/ | 2022-07-27T15:57:09Z |
EXPLAINER: Can climate change be solved by pricing carbon?
By MATTHEW BROWN
Associated Press
BILLINGS, Mont. (AP) — As climate change bakes the planet, dozens of nations including the U.S. and many local governments are putting a price tag on greenhouse gas emissions that are causing more floods, droughts and other destructive events. Pennsylvania on Saturday becomes the latest state in the U.S. to adopt a carbon pricing policy to address climate change. At the national level, President Joe Biden is facing Republican opposition as tries to use future damages from climate change to justify tougher restrictions on polluting industries. Other nations simply tax emissions. The varied strategies come amid growing urgency among scientists, economists and many politicians to curb carbon dioxide and other pollutants that are boosting global temperatures. | https://localnews8.com/news/2022/04/22/explainer-can-climate-change-be-solved-by-pricing-carbon/ | 2022-04-22T19:01:02Z |
EL PASO, Texas, Aug. 18, 2022 /PRNewswire/ -- Hunt Companies, Inc. and WestStar are pleased to announce that WestStar Tower has achieved LEED certification to the Silver level. LEED (Leadership in Energy and Environmental Design), developed by the U.S. Green Building Council (USGBC), is the most widely used green building rating system in the world and an international symbol of excellence. Through design, construction and operations practices that improve environmental and human health, LEED-certified buildings are helping to make the world more sustainable.
"It was important to us that the building represents the best building and sustainability techniques possible as we pave the way for future development in downtown El Paso," said Josh Hunt, Executive Vice President of Hunt.
WestStar Tower achieved LEED certification for implementing practical and measurable strategies and solutions in areas including sustainable site development, water savings, energy efficiency, materials selection and indoor environmental quality. Green buildings allow companies to operate more sustainably and give the people inside them a healthier, more comfortable space to work.
Some specific measures that were taken to achieve LEED Silver at WestStar Tower included indoor and outdoor water use reduction strategies, recycling of building materials, optimizing energy performance resulting in a 20.5% energy savings, and the use of low-emitting materials.
"The work of innovative building projects like WestStar Tower is a fundamental driving force in transforming the way our buildings are built, designed and operated," said Peter Templeton, president and CEO, USGBC. "Buildings that achieve LEED certification are lowering carbon emissions, reducing operating costs and conserving resources while prioritizing sustainable practices and human health. Because of WestStar Tower, we are increasing the number of green buildings and getting closer to USGBC's goal to outpace conventional buildings, while being environmentally and socially responsible and improving quality of life for generations to come."
Certification is proof that buildings are going above and beyond to ensure the space is constructed and operated to the highest level of sustainability. More than 49,000 commercial and institutional projects are currently participating in LEED.
Hunt, based in El Paso, Texas, is a diversified, family-owned holding company that invests in operating businesses, real estate assets and infrastructure assets. Since its founding in 1947, Hunt's size and scope have grown substantially while gaining considerable expertise across multiple real asset sectors. Hunt's reputation is built on integrity and performance. Hunt is committed to a culture of transparency for employees, clients, investors, and the communities it serves. Hunt and its affiliates employ more than 4,300 people as part of affiliated businesses throughout the world. Learn more at www.huntcompanies.com.
WestStar is a locally owned community bank with more than $2.7 billion in assets. It services the El Paso, Las Cruces, and northern Mexico area (collectively known as the Borderplex region). WestStar provides businesses and retail consumers local access to a broad array of financial services, including banking, treasury management, wealth management, insurance, and title services. Additionally, WestStar team members serve on over 60 boards and committees of non-profit and civic organizations and participate in a wide range of community betterment efforts and philanthropic causes. For more information, visit the WestStar website at weststarbank.com.
The U.S. Green Building Council (USGBC) is committed to a healthy, resilient and equitable future for all through the development of green buildings, cities and communities. For more than 20 years, USGBC has been advancing green building practices through the development of LEED, the world's most widely used green building program. With the support of thousands of members, volunteers and partners, USGBC provides robust green building education courses, a rigorous professional credentialing program, and advocates for effective public policies. It convenes an international network of green building and sustainability leaders through the annual Greenbuild International Conference & Expo, and forward-thinking programs, including the Center for Green Schools. For more information, visit usgbc.org.
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SOURCE Hunt Companies, Inc. | https://www.kxii.com/prnewswire/2022/08/18/weststar-tower-achieves-leed-silver-certification/ | 2022-08-18T13:28:36Z |
KIAMBU COUNTY, Kenya (AP) — Monica Kariuki is about ready to give up on farming. What is driving her off her 10 acres of land outside Nairobi isn’t bad weather, pests or blight — the traditional agricultural curses — but fertilizer: It costs too much.
Despite thousands of miles separating her from the battlefields of Ukraine, Kariuki and her cabbage, corn and spinach farm are indirect victims of Russian President Vladimir Putin’s invasion. The war has pushed up the price of natural gas, a key ingredient in fertilizer, and has led to severe sanctions against Russia, a major exporter of fertilizer.
Kariuki used to spend 20,000 Kenyan shillings, or about $175, to fertilize her entire farm. Now, she would need to spend five times as much. Continuing to work the land, she said, would yield nothing but losses.
“I cannot continue with the farming business. I am quitting farming to try something else,’’ she said.
Higher fertilizer prices are making the world’s food supply more expensive and less abundant, as farmers skimp on nutrients for their crops and get lower yields. While the ripples will be feltby grocery shoppers in wealthy countries, the squeeze on food supplies will land hardest on families in poorer countries. It could hardly come at a worse time: The U.N. Food and Agriculture Organization said last week that its world food-price index in March reached the highest level since it started in 1990.
The fertilizer crunch threatens to further limit worldwide food supplies, already constrained by the disruption of crucial grain shipments from Ukraine and Russia. The loss of those affordable supplies of wheat, barley and other grains raises the prospect of food shortages and political instability in Middle Eastern, African and some Asian countries where millions rely on subsidized bread and cheap noodles.
“Food prices will skyrocket because farmers will have to make profit, so what happens to consumers?’’ said Uche Anyanwu, an agricultural expert at the University of Nigeria.
The aid group Action Aid warns that families in the Horn of Africa are already being driven “to the brink of survival.’’
The U.N. says Russia is the world’s No. 1 exporter of nitrogen fertilizer and No. 2 in phosphorus and potassium fertilizers. Its ally Belarus, also contending with Western sanctions, is another major fertilizer producer.
Many developing countries — including Mongolia, Honduras, Cameroon, Ghana, Senegal, Mexico and Guatemala — rely on Russia for at least a fifth of their imports.
The conflict also has driven up the already-exorbitant price of natural gas, used to make nitrogen fertilizer. The result: European energy prices so high that some fertilizer companies “have closed their businesses and stopped operating their plants,’’ said David Laborde, a researcher at the International Food Policy Research Institute.
For corn and cabbage farmer Jackson Koeth, 55, of Eldoret in western Kenya, the conflict in Ukraine was distant and puzzling until he had to decide whether to go ahead with the planting season. Fertilizer prices had doubled from last year.
Koeth said he decided to keep planting but only on half the acreage of years past. Yet he doubts he can make a profit with fertilizer so costly.
Greek farmer Dimitris Filis, who grows olives, oranges and lemons, said “you have to search to find’’ ammonia nitrate and that the cost of fertilizing a 10-hectare (25-acre) olive grove has doubled to 560 euros ($310). While selling his wares at an Athens farm market, he said most farmers plan to skip fertilizing their olive and orange groves this year.
“Many people will not use fertilizers at all, and this as a result, lowers the quality of the production and the production itself, and slowly, slowly at one point, they won’t be able to farm their land because there will be no income,’’ Filis said.
In China, the price of potash — potassium-rich salt used as fertilizer — is up 86% from a year earlier. Nitrogen fertilizer prices have climbed 39% and phosphorus fertilizer is up 10%.
In the eastern Chinese city of Tai’an, the manager of a 35-family cooperative that raises wheat and corn said fertilizer prices have jumped 40% since the start of the year.
“We can hardly make any money,” said the manager, who would give only his surname, Zhao.
Terry Farms, which grows produce on 2,100 acres largely in Ventura, California, has seen prices of some fertilizer formulations double; others are up 20%. Shifting fertilizers is risky, vice president William Terry said, because cheaper versions might not give “the crop what it needs as a food source.”
As the growing season approaches in Maine, potato farmers are grappling with a 70% to 100% increase in fertilizer prices from last year, depending on the blend.
“I think it’s going to be a pretty expensive crop, no matter what you’re putting in the ground, from fertilizer to fuel, labor, electrical and everything else,” said Donald Flannery, executive director of the Maine Potato Board.
In Prudentopolis, a town in Brazil’s Parana state, farmer Edimilson Rickli showed off a warehouse that would normally be packed with fertilizer bags but has only enough to last a few more weeks. He’s worried that, with the war in Ukraine showing no sign of letting up, he’ll have to go without fertilizer when he plants wheat, barley and oats next month.
“The question is: Where Brazil is going to buy more fertilizer from?” he said. “We have to find other markets.”
Other countries are hoping to help fill the gaps. Nigeria, for example, opened Africa’s largest fertilizer factory last month, and the $2.5 billion plant has already shipped fertilizer to the United States, Brazil, India and Mexico.
India, meanwhile, is seeking more fertilizer imports from Israel, Oman, Canada and Saudi Arabia to make up for lost shipments from Russia and Belarus.
“If the supply shortage gets worse, we will produce less,” said Kishor Rungta of the nonprofit Fertiliser Association of India. “That’s why we need to look for options to get more fertilizers in the country.”
Agricultural firms are providing support for farmers, especially in Africa where poverty often limits access to vital farm inputs. In Kenya, Apollo Agriculture is helping farmers get fertilizer and access to finance.
“Some farmers are skipping the planting season and others are going into some other ventures such as buying goats to cope,” said Benjamin Njenga, co-founder of the firm. “So these support services go a long way for them.”
Governments are helping, too. The U.S. Department of Agriculture announced last month that it was issuing $250 million in grants to support U.S. fertilizer production. The Swiss government has released part of its nitrogen fertilizer reserves.
Still, there’s no easy answer to the double whammy of higher fertilizer prices and limited supplies. The next 12 to 18 months, food researcher LaBorde said, “will be difficult.”
The market already was “super, super tight” before the war, said Kathy Mathers of the Fertilizer Institute trade group.
“Unfortunately, in many cases, growers are just happy to get fertilizer at all,’’ she said.
___
Asadu reported from Lagos, Nigeria, and Wiseman from Washington. Contributing to this story were: Tatiana Pollastri in Sao Paulo, Brazil; Debora Alvares in Brasilia, Brazil; Sheikh Saaliq in New Delhi; Lefteris Pitarakis in Athens; Jamey Keaten in Geneva; Joe McDonald and Yu Bing in Beijing; Lisa Rathke in Marshfield, Vermont; Dave Kolpack in Fargo, North Dakota; Kathia Martínez in Panama City; Christoph Noelting in Frankfurt; Fabiola Sánchez in Mexico City; Veselin Toshkov in Sofia, Bulgaria; Tarik El-Barakah in Rabat, Morocco; Tassanee Vejpongsa and Elaine Kurtenbach in Bangkok; Ilan Ben Zion in Jerusalem; Edie Lederer at the United Nations; and Aya Batrawy in Dubai. | https://cw33.com/business/ap-business/russian-war-worsens-fertilizer-crunch-risking-food-supplies/ | 2022-04-12T14:25:14Z |
NEW YORK, July 21, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Waste Management, Inc. ("Waste Management" or the "Company") (NYSE: WM) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Waste Management investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of all purchasers of certain Waste Management redeemable senior notes between February 13, 2020 and June 23, 2020. Follow the link below to get more information and be contacted by a member of our team:
WM investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) the U.S. Department of Justice had indicated to Waste Management that it would require Waste Management to divest significantly more assets than the $200 million indicated in the merger agreement between the Company and Advanced Disposal Services; (ii) as a result, the merger would not be completed by July 14, 2020, the end date under the merger agreement; and (iii) the Waste Management redeemable senior notes would be subject to mandatory redemption at 101% of par.
WHAT'S NEXT? If you suffered a loss in Waste Management during the relevant time frame, you have until August 8, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP | https://www.mysuncoast.com/prnewswire/2022/07/21/wm-lawsuit-alert-levi-amp-korsinsky-notifies-waste-management-inc-investors-class-action-lawsuit-upcoming-deadline/ | 2022-07-21T11:13:08Z |
House subpoenas its own, sets new norm after Jan. 6 attack
WASHINGTON (AP) — The Jan. 6 committee’s remarkable decision to subpoena House Minority Leader Kevin McCarthy and other congressional Republicans over the insurrection at the Capitol is as rare as the deadly riot itself, deepening the acrimony and distrust among lawmakers and raising questions about what comes next.
The outcome is certain to reverberate beyond the immediate investigation of Donald Trump’s unfounded efforts to overturn Joe Biden’s presidential election victory. Fuming Republicans vow to use the same tools, weaponizing congressional subpoena powers if they wrest control of the House in November’s midterm elections to go after Democrats, even at the highest levels in Congress.
“It’s setting a very jarring and dangerous precedent,” said Rep. Peter Meijer of Michigan, who was among the handful of Republicans who voted to impeach Trump over the insurrection.
On Friday, the subpoenas for McCarthy and the four other Republican lawmakers were served as the committee investigating the Jan. 6, 2021, attack on the Capitol is wrapping up its initial phase. Public hearings are expected to begin in June, and the panel is still determining whether to call Republican senators to testify.
While the summons for McCarthy and the other Republican lawmakers was not wholly unexpected, it amplified concerns over the new norm-setting in Congress.
McCarthy, in line to become House speaker, brushed past reporters Friday, declining to say whether he would comply with the committee’s summons for testimony. Asked repeatedly for comment, McCarthy was mum.
The other Republicans — Andy Biggs of Arizona, Mo Brooks of Alabama, Jim Jordan of Ohio and Scott Perry of Pennsylvania — have decried the investigation as illegitimate, and it is unclear whether any of them will comply. The four all had conversations with the Trump White House about challenging the election, and McCarthy tried unsuccessfully to convince Trump to call off the Capitol siege that day as rioters broke windows near his own office.
“They have a duty to testify,” said Rep. Jerrold Nadler, D-N.Y., chairman of the House Judiciary Committee.
“I mean, we’re investigating an insurrection against the United States government,” Nadler said. “An insurrection. Treason.”
The next steps are highly uncertain as the House, with its Democratic majority, weighs whether to take the grave, if unlikely, action of holding its own colleagues in contempt of Congress by voting to send a criminal referral to the Department of Justice for prosecution.
While other lawmakers have voluntarily come forward to talk to the committee, a move to force the subpoenaed members to share information would be certain to become tangled in broader constitutional questions — among them, whether the executive branch should be intervening in the governance of the legislative branch that tends to make its own rules. Action would drag for months, or longer.
Instead, the House could take other actions, including a vote of public censure of McCarthy and the four GOP lawmakers, a referral to the Ethics Committee, the imposition of fines or even the stripping of their committee assignments.
House Speaker Nancy Pelosi declined to answer any questions Friday.
“I don’t talk about what happens in the Jan. 6 committee,” she said in the halls, deferring to the panel as she typically does.
Rep. Bennie Thompson, D-Miss., who chairs the bipartisan Jan. 6 panel, said it has options after the five GOP lawmakers refused its request for voluntary interviews and now face the summons.
“Look, all we’re saying is, these are members of Congress who’ve taken an oath,” he said. “Our investigation indicated that January 6 did actually happen, and what people saw with their own eyes did, in fact, happen.”
It’s a volatile time for Congress, with an intensified political toxicity settling into a new normal since the Capitol insurrection left five dead. That included a Trump supporter shot by police and a police officer who died later after battling the mob.
The Capitol is slowly reopening to tourists this spring after being shuttered over security concerns and the ongoing COVID-19 crisis, but unease remains. Tensions run high and at least one lawmaker on the panel, Rep. Liz Cheney, R-Wyo., a vocal Trump critic, is flanked daily by security guards, a jarring sign of how America has changed.
Trump’s influence over the Republican Party remains strong, leaving many GOP lawmakers unwilling to publicly accept Biden’s election victory, some promulgating their own false claims of a fraudulent 2020 election. Courts across the nation have rejected claims the election was rigged.
If Republicans win power this fall, they are almost certain to launch investigations into Biden, Jan. 6 and other topics, now armed with the tool of subpoenas for fellow lawmakers.
“It’s a race to the bottom, is what it is,” said Rep. Thomas Massie, R-Ky., who won Trump’s endorsement last week for his own reelection, despite having sparred with him in the past.
“I mean, I hope when we get in power, we don’t do the same things that they’re doing,” he said. “But you know, turnabout is fair play.”
While Democratic leaders say they would happily testify if summoned by newly empowered Republicans next year, more rank-and-file lawmakers privately express unease with what comes next, worried about being drawn into the fray.
Congress issuing a subpoena to one of its own would be rare, but not a first.
The ethics committees have subpoenaed individual lawmakers over potential wrongdoing. That includes the Senate voting in 1993 to subpoena the diary of Sen. Bob Packwood, R-Ore., during an investigation into allegations of sexual harassment. Facing expulsion, he resigned first.
But traditionally, congressional subpoenas are pointed outward. Shortly after the country’s founding the first congressional subpoena was issued not to a lawmaker but to a real estate speculator who tried to purchase what is now Michigan and attempted to bribe members of Congress, according to the House history website.
The Jan. 6 panel has wrestled privately for weeks over whether to subpoena fellow lawmakers, understanding the gravity of the action it would be taking.
Once the members of the committee made their choice to issue the subpoenas, Pelosi was informed of their decision.
Rep. Jamie Raskin, D-Md., a member of the panel, suggested the decision was justified based on the seriousness of the Jan. 6 attack.
“People have asked, ‘Does this set a precedent for the issuance of subpoenas for members of Congress in the future?’ If there are coups and insurrections, then I suppose that it does,” Raskin said.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/05/14/house-subpoenas-its-own-sets-new-norm-after-jan-6-attack/ | 2022-05-14T04:53:27Z |
Pelosi stops in Hawaii and reveals her Asia plans. But no mention of Taiwan
Sarita Harilela and Alex Stambaugh
US House Speaker Nancy Pelosi is heading to Asia for a tour of the region after landing in Hawaii, where she visited the Pearl Harbor Memorial and the USS Arizona.
Pelosi is leading a Congressional delegation to the Indo-Pacific and plans to visit places including Singapore, Malaysia, South Korea and Japan, according to a statement released by her office on Sunday.
The statement made no mention of Taiwan, despite speculation in recent days that Pelosi might be planning to visit the self-governing democracy of 24 million people.
China’s Communist Party, which claims Taiwan as part of its territory — despite never having controlled it — has warned against Pelosi visiting the island, and US President Joe Biden recently let slip that the US military thinks such a trip would be “not a good idea right now”. However, US lawmakers on both sides of Washington’s political divide have urged her to go.
“Today, our Congressional delegation travels to the Indo-Pacific to reaffirm America’s strong and unshakeable commitment to our allies and friends in the region,” Pelosi said in the statement released by her office.
She said high level meetings will be held in each country to “further advance our shared interests and values, including peace and security, economic growth and trade, the Covid-19 pandemic, the climate crisis, human rights and democratic governance.”
Pelosi said the delegation had received a briefing from United States Indo-Pacific Command leadership after a fuel stop in Hawaii, where they visited the Pearl Harbor Memorial and the USS Arizona.
Traveling alongside Pelosi as part of the Congressional delegation are Chairman Gregory Meeks (Chair of the House Foreign Affairs Committee), Chairman Mark Takano (Chair of the House Committee on Veterans’ Affairs), Congresswoman Suzan DelBene, Congressman Raja Krishnamoorthi, and Congressman Andy Kim.
“Under the strong leadership of President Biden, America is firmly committed to smart, strategic engagement in the region, understanding that a free and flourishing Indo-Pacific is crucial to prosperity in our nation and around the globe,” Pelosi said.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/national-world/cnn-asia-pacific/2022/07/31/pelosi-stops-in-hawaii-and-reveals-her-asia-plans-but-no-mention-of-taiwan/ | 2022-07-31T09:48:21Z |
JACKSON, Mich., Aug. 11, 2022 /PRNewswire/ -- Consumers Energy and the State of Michigan today announced a pledge to power 1,274 publicly owned government buildings exclusively with clean energy, a visible commitment by the state's government and its largest energy provider to protect the planet.
"Consumers Energy and the State of Michigan are working together to power Michigan's clean energy transformation," said Garrick Rochow, Consumers Energy's president and CEO. "This commitment will accelerate our already industry-leading Clean Energy Plan to develop carbon-free energy sources here in Michigan."
"As governor, I am proud that the State of Michigan is leading by example to reduce greenhouse gases, protect the planet, and lower energy costs," said Gov. Gretchen Whitmer. "Today, we are proud to announce that Consumers Energy is joining BWL and DTE in an agreement with the State of Michigan to power state buildings with clean energy. This is a critical step that will help us reach the goal I proposed in 2020 to have all state buildings run on 100% clean, renewable energy by 2025. Let's keep working together to fight climate change with common-sense steps that will lower taxpayer energy costs and ensure that state operations have the energy they need to succeed."
The State of Michigan has made a 20-year agreement with Consumers Energy to use clean energy at state government buildings for all departments throughout the Lower Peninsula.
This commitment supports roughly 68 megawatts of emission-free renewable energy in Michigan, which is equivalent to greenhouse gas emissions produced by over 20,000 cars, according to U.S. Environmental Protection Agency calculations.
Consumers Energy is working to protect the planet, with a Clean Energy Plan to close all of its coal-fired plants by 2025 and become carbon neutral by 2040. The state government's new commitment builds on the energy provider's plans, and Consumers Energy will meet the state's pledge by adding new solar power plants in Michigan over the next three to four years.
Earlier this year, General Motors agreed to power three Michigan plants with 100% green energy supplied by Consumers Energy.
"Consumers Energy is able to deliver reliable and affordable energy while protecting the planet. This partnership will further support Michigan being a leader in clean energy," Rochow said.
Consumers Energy's Renewable Energy Program provides businesses a flexible, turnkey solution to use solar and wind energy to achieve their sustainability goals and protect the planet for future generations. Their enrollment not only advances greening Michigan's grid, but also supports Michigan jobs created through building and operating renewable energy projects. Join the movement by contacting us at GreenPower@cmsenergy.com.
Consumers Energy, Michigan's largest energy provider, is the principal subsidiary of CMS Energy (NYSE: CMS), providing natural gas and/or electricity to 6.8 million of the state's 10 million residents in all 68 Lower Peninsula counties.
For more information about Consumers Energy, go to ConsumersEnergy.com.
Check out Consumers Energy on Social Media
Facebook: https://www.facebook.com/consumersenergymichigan
Twitter: https://twitter.com/consumersenergy
LinkedIn: https://linkedin.com/company/consumersenergy
Instagram: https://www.instagram.com/consumersenergy
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SOURCE Consumers Energy | https://www.kxii.com/prnewswire/2022/08/11/consumers-energy-state-michigan-agree-power-over-1200-public-buildings-with-100-clean-energy/ | 2022-08-11T10:39:29Z |
NEW YORK, July 14, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Digital Turbine, Inc. ("Digital Turbine" or the "Company") (NASDAQ: APPS) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Digital Turbine investors who were adversely affected by alleged securities fraud between August 9, 2021 and May 17, 2022. Follow the link below to get more information and be contacted by a member of our team:
APPS investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) the Company's recent acquisitions, AdColony and Fyber, act as agents in certain of their respective product lines; (2) as a result, revenues for those product lines must be reported net of license fees and revenue share, rather than on a gross basis; (3) the Company's internal control over financial reporting as to revenue recognition was deficient; and (4) as a result of the foregoing, the Company's net revenues was overstated throughout fiscal 2022; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
WHAT'S NEXT? If you suffered a loss in Digital Turbine during the relevant time frame, you have until August 5, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP | https://www.kxii.com/prnewswire/2022/07/14/apps-lawsuit-alert-levi-amp-korsinsky-notifies-digital-turbine-inc-investors-class-action-lawsuit-upcoming-deadline/ | 2022-07-14T10:19:13Z |
"Harlem Shake" was released by Harry Rodrigues, a producer and DJ professionally known as Baauer, on May 22, 2012. The name of the song was inspired by a line from Philadelphia rapper Plastic Little's "Miller Time," which was itself a reference to a dance move made popular in the 1980s in Harlem.
In early 2013, a group of Australians released a video credited with shaping the format of the dance craze: One person, surrounded by seemingly oblivious bystanders, dances solo to the song for 15 seconds, often pelvic thrusting or otherwise dancing with repetitive, jerky movements. Then the beat drops, and everyone joins in with bizarre, flailing dance moves and sometimes elaborate costumes or other variations on the trend.
The trend quickly took over the internet, with groups like the Miami Heat, English National Ballet, and even a squadron of the Norwegian Army all releasing their own "Harlem Shake" videos. American indie rock duo Matt & Kim won a Guinness World Record for largest-ever "Harlem Shake" after they brought together a crowd of 3,344 to dance to the song.
"Harlem Shake turns 10 today. It feels like such a simpler time," wrote Rodrigues in an Instagram post marking the anniversary.
"I remember when it first became a meme it felt out of my control and I didn't like it ... Now I have 10 years perspective I see that it brought people together and made people happy, which is the best thing I could ask my music to do."
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accounts, the history behind an article. | https://www.albanyherald.com/news/harlem-shake-song-behind-viral-dance-trend-turns-10-years-old/article_bba0b11f-a1ab-52f2-b852-7b41c42a80f3.html | 2022-05-22T20:50:16Z |
NEW YORK, Aug. 30, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Weber Inc. (NYSE: WEBR) alleging that the Company violated federal securities laws.
This lawsuit is on behalf of persons and entities that purchased or otherwise acquired Weber Class A common stock pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company's August 2021 initial public offering.
Lead Plaintiff Deadline: September 27, 2022
No obligation or cost to you.
Learn more about your recoverable losses in WEBR:
https://www.kleinstocklaw.com/pslra-1/weber-inc-loss-submission-form?id=31227&from=4
Weber Inc. NEWS - WEBR NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Weber Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Weber was reasonably likely to implement price increases; (2) as a result, consumer demand for Weber's products was reasonably likely to decrease; (3) due to the resulting inventory buildup, Weber was reasonably likely to run promotions to "enhance retail sell through"; (4) the foregoing would adversely impact Weber's financial results; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Weber you have until September 27, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Weber securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the WEBR lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/weber-inc-loss-submission-form?id=31227&from=4.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
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SOURCE The Klein Law Firm | https://www.mysuncoast.com/prnewswire/2022/08/30/webr-alert-klein-law-firm-announces-lead-plaintiff-deadline-september-27-2022-class-action-filed-behalf-weber-inc-shareholders/ | 2022-08-30T11:07:07Z |
LOS ANGELES, April 11, 2022 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower"), a leading manufacturer and distributor of zero emission electric powered vehicles serving the cargo, delivery, shuttle, transit, and school bus markets, today announced its participation in several major industry conferences and events in the second quarter of 2022.
GreenPower will be showcasing its all-electric, zero-emission vehicle line, meeting with consumers, customers and the investor community.
See below for a full itinerary of events the company will be participating in.
National Association of Fleet Administrators (NAFA) Institute and Expo
April 11-13 in Columbus, Ohio
- The NAFA Expo brings together fleet professionals from all over North America in the corporate, government, public safety, utility and education segments.
- GreenPower will be exhibiting in booth #934 with the EV Star Cargo Plus.
CALACT Spring Conference & Expo
April 19-22 in Newport Beach, Calif.
- CALACT represents the interests of small, rural, and specialized transportation providers.
- GreenPower will be showcasing its passenger transport capabilities with EV Star ADA.
Advanced Clean Transportation (ACT) Expo
May 9-12 in Long Beach, Calif.
- The ACT Expo is North America's largest advanced transportation technology and clean fleet event.
- GreenPower will be displaying BEAST, EV Star ADA, the EV Star Cargo and available for briefings at booth #911.
Oklahoma Transit Association (OTA) Spring Conference
May 23-25 in Norman, Okla.
- OTA represents urban, small urban, suburban, rural and tribal transit agencies in Oklahoma, and is the leading voice in the state for public transit.
CalStart Zero-Emission Truck Showcase
June 7-8 in Fontana, Calif.
- The Zero-Emission Truck showcase, sponsored by CARB and CALSTART, will showcase HVIP eligible vehicles and offer a hands-on experience through a ride and drive.
- GreenPower will be showcasing its cargo transport capabilities with the EV Star Cargo on display and the EV Star CC featured at the ride and drive.
Government Fleet Expo and Conference
May 23-26 in Detroit, Mich.
- Government Fleet Expo is the largest annual conference for public fleets and is known for their conference program and immersive exhibitions serving public fleet professionals.
- GreenPower will be showcasing the EV Star Cargo at booth #627.
School Transportation News Expo
June 3-7 in Indianapolis, Ind.
- The School Transportation News Expo brings together industry leaders and consumers to discuss topics and conversations that make a difference in the school bus industry.
- GreenPower will showcase its new electric BEAST school bus which spotlights its expert student transport capabilities at booth #309.
American Association of Airport Executives Conference & Exposition
June 5-8 in Seattle, Wash.
- The American Association of Airport Executives Conference and Expo features resources and solutions to elevate airport operations.
- GreenPower will be exhibiting in booth #607.
Oregon Pupil Transportation Association (OPTA) Summer Conference and Trade Show
June 20-23 in Welches, Ore.
- OPTA Summer show will bring together the latest innovations in student transit and provide leadership training for industry professionals.
- GreenPower will showcase its new electric BEAST school bus, and industry leader in safety and efficiency.
For more information, visit https://greenpowermotor.com/.
Media and Investor Contacts:
Allie Potter, Skyya PR
allie@skyya.com
Mike Cole, Investor Relations
mike.cole@greenpowermotor.com
(949) 444-1341
About GreenPower Motor Company
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational facilities in southern California. Listed on the Toronto exchange since November 2015, GreenPower completed its U.S. IPO and NASDAQ listing in August 2020. For further information go to www.greenpowermotor.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. © 2022 GreenPower Motor Company Inc. All rights reserved.
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SOURCE GreenPower Motor Company | https://www.wibw.com/prnewswire/2022/04/12/greenpower-announces-participation-upcoming-industry-conferences/ | 2022-04-12T02:16:21Z |
Amerant furthers its commitment to Houston's economy and long-term growth
HOUSTON, April 8, 2022 /PRNewswire/ -- Amerant Bank, with a presence in South Florida and Houston, TX, announced today that Francisco Rivero, Texas Market President, has been appointed to the Greater Houston Partnership Board of Directors. Rivero's appointment furthers Amerant's dedication to serving the greater Houston community and the businesses it relies on.
Founded in 1840, The Greater Houston Partnership is a gathering place for community-minded business leaders who want to be involved in Houston's economic growth. Alongside other members of the Board, Rivero will work to address Houston's unique challenges and champion the growth and success of the city.
"We are pleased that Francisco has become a member of the Greater Houston Partnership's Board of Directors," said Jerry Plush, Vice Chairman, President & CEO of Amerant. "The Houston market is a key area of focus for Amerant, and we believe that, by working together with the Greater Houston Partnership, we can add value to the Houston economy."
As EVP Houston Market President, Rivero is responsible for leading and managing Amerant's Houston team as well as developing Amerant's footprint in Texas. He has been with the bank for over 20 years.
"Houston is one of the greatest, most diverse cities in the United States, and I am honored to serve on the Partnership's board among some of the most esteemed business leaders in the region," said Rivero. "I look forward to representing Amerant in Houston and making the city one of the best places to live, work and do business."
About Amerant Bank
Amerant Bank is one of the largest community banks headquartered in Florida, with 17 banking centers in South Florida and 7 in Houston, TX. The bank has been serving clients for over 40 years, both domestically and abroad, and comprises subsidiaries Amerant Investments and Amerant Mortgage. Rooted in the communities it serves, Amerant Bank supports numerous non-profit, charitable and arts organizations. For news and updates, visit the Amerant Newsroom.
About Greater Houston Partnership
The Greater Houston Partnership works to make Houston one of the best places to live, work and build a business. As the economic development organization for the region, the Partnership champions growth across 12 counties by bringing together business and civic-minded leaders who are dedicated to the area's long-term success. Representing more than 900 member organizations and approximately one-fifth of the region's workforce, the Partnership is the place companies come together to make an impact. Learn more at Houston.org.
Media Contacts:
Victoria Verdeja
Amerant Bank
mediarelations@amerantbank.com
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SOURCE Amerant Bank | https://www.mysuncoast.com/prnewswire/2022/04/08/amerant-banks-francisco-rivero-joins-greater-houston-partnership-board-directors/ | 2022-04-08T17:27:34Z |
LONDON (AP) — The World Health Organization’s top director in the Western Pacific, Dr. Takeshi Kasai, has been indefinitely removed from his post, according to internal correspondence obtained by The Associated Press.
Kasai’s removal comes months after an AP investigation revealed that dozens of staffers accused him of racist, abusive and unethical behavior that undermined the U.N. agency’s efforts to stop the coronavirus pandemic in Asia.
WHO Director-General Tedros Adhanom Ghebreyesus told staff in the Western Pacific in an email on Friday that Kasai was “on leave” without elaborating further. Tedros said Deputy Director-General, Dr. Zsuzsanna Jakab, would be arriving Tuesday in Manila, WHO’s regional headquarters, to “ensure business continuity.” Two senior WHO officials who asked not to be identified because they were not authorized to speak to the press, said Kasai had been put on extended administrative leave after internal investigators substantiated some of the misconduct complaints.
In a statement, WHO said it was unknown how long Kasai would be away. The U.N. health agency said the investigation into him was continuing and that it was believed to be the first time a regional director had been relieved of their duties. Kasai did not respond to requests for comment but previously denied he used racist language or acted unprofessionally.
In January, the AP reported that more than 30 unidentified staffers sent a confidential complaint to senior WHO leadership and members of the organization’s Executive Board, alleging that Kasai had created a “toxic atmosphere” in WHO’s offices across the Western Pacific. Documents and recordings showed Kasai made racist remarks to his staff and blamed the rise of COVID-19 in some Pacific countries on their “lack of capacity due to their inferior culture, race and socioeconomics level.” Several WHO staffers working under Kasai said he improperly shared sensitive coronavirus vaccine information to help Japan, his home country, score political points with its donations.
Days after the AP report, WHO chief Tedros announced that an internal probe into Kasai had begun. Several months later, however, WHO staffers alleged that Kasai was manipulating the investigation. In a letter sent to the U.N. agency’s top governing body in April, the Executive Board, the staffers wrote that Kasai had ordered senior managers to destroy any incriminating documents and instructed IT staff “to monitor emails of all the staff members.”
Kasai is a Japanese doctor who began his career in his country’s public health system before moving to WHO, where he has worked for more than 15 years.
The removal of a regional director at WHO, even temporarily, is “unprecedented,” according to Lawrence Gostin, director of the WHO Collaborating Center on Public Health Law and Human Rights at Georgetown University. “There have been a lot of bad regional directors at WHO, but I’ve never heard of action like this,” Gostin said.
Any withdrawal of support from Japan for Kasai could hasten his dismissal. A Japanese government official who spoke on condition of anonymity said they hoped WHO had conducted a fair investigation.
Kasai’s removal stands in stark contrast to WHO’s past reluctance to discipline perpetrators of unethical and sometimes illegal behavior, including during the sex abuse uncovered during the Ebola outbreak in Congo from 2018-2020. More than 80 outbreak responders under WHO’s direction sexually abused vulnerable women; an AP investigation found senior WHO management was informed of multiple exploitation claims in 2019 but refused to act and even promoted one of the managers involved. No senior WHO staffers linked to the abuse have been fired.
“WHO’s reputation was shattered by those allegations,” Gostin said, calling the lack of accountability in Congo “truly outrageous.” He welcomed the disciplinary action taken against Kasai and called for WHO to release its investigation in some form.
Gostin and other public health academics said that if WHO’s Executive Board determines that Kasai violated his contract by engaging in the racist and abusive conduct alleged, his contract could be terminated.
WHO’s own staff association urged Tedros to take action against Kasai at a meeting in June, saying that failing to do so “would be a tragic mistake,” according to a memo from the private briefing.
“If swift action is not taken … the results may be regarded as questionable at best, fixed and farcical at worst,” the staffers warned Tedros. “If (Kasai’s) wrongdoing is proven, the assumption will be that many other items were swept aside to save face.”
Before Kasai was put on leave, WHO’s Western Pacific office had planned a town hall this week to address “workplace culture,” including concerns about racism and abusive conduct. In an email to staff on Saturday, Dr. Angela Pratt, a director in Kasai’s office, announced that the meeting had been postponed.
____
Mari Yamaguchi in Tokyo contributed to this report. | https://cw33.com/health/ap-health/ap-who-director-in-asia-accused-of-racism-abuse-put-on-leave/ | 2022-08-30T20:01:02Z |
(NEXSTAR) – There isn’t a single state in America where a minimum-wage worker can afford the average two-bedroom apartment, according to the latest report from the National Low Income Housing Coalition.
The NLIHC’s 2022 Out of Reach report, released last week, aims to highlight the disparity between earnings and rent for the average low-wage worker, according to the organization. This year, the report indicates that median rental costs for two-bedroom apartments in U.S. metropolitan counties had jumped 15% between the first quarters of 2021 and 2022 — or more than four times the increases observed over the last several years.
The problem isn’t limited to metro areas, either.
“In no state, metropolitan area, or county in the U.S. can a worker earning the federal or prevailing state or local minimum wage afford a modest two-bedroom rental home at fair market rent by working a standard 40-hour work week,” the report states.
One-bedroom apartments, too, were determined to be unaffordable for low-wage workers in all but 9% of U.S. counties.
For the purposes of its report, the NLIHC defined “affordability” as costing no more than 30% of a tenant’s income (rent and utilities), based on the U.S Department of Housing and Urban Development’s definition of fair market rent. In dollar amounts, that means the average U.S. worker would need to earn $25.82 per hour to afford a two-bedroom apartment, or $21.25 for a single-bedroom apartment, the NLIHC determined.
But that’s just the national average; some states have significantly higher “housing wages” — i.e., the estimated full-time wage a renter must earn to afford a modest rental property by HUD standards. In Hawaii, for instance, the “housing wage” is $40.63 per hour for two-bedroom, while the housing wages in California ($39.01 per hour), Massachusetts ($37.97), New York ($37.72) and Washington, D.C. ($34.33) weren’t far behind, according to the report.
The average housing wage in the most “affordable” states, meanwhile, were determined to be in Arkansas ($14.89 per hour), where the basic minimum wage is $11, followed by West Virginia ($15.38), Mississippi ($15.67), South Dakota ($16.11) and Kentucky ($16.18). Puerto Rico was the only territory with a lower housing wage ($9.88).
The NLIHC’s report also indicated that Black and Latino workers were most likely to be affected by the wage/rental disparities, as “they are more likely at all income levels to be renters.”
“With rents rising rapidly, homelessness worsening, and millions of families struggling to stay housed, federal investments in expanding proven solutions – like Housing Choice Vouchers, the national Housing Trust Fund, and public housing – are badly needed and long overdue,” said NLIHC President and CEO Diane Yentel in a press release issued along with the 2022 Out of Reach report. “As a country, we have the data, partnerships, expertise, solutions, and means to end homelessness and housing poverty – we lack only the political will to fund solutions at the scale necessary.”
The National Low Income Housing Coalition, founded in 1974, is a non-profit organization committed to advocating for federally assisted housing resources.
More information on the 2022 Out of Reach report, including state-specific data, can be found at NLIHC.org. | https://cw33.com/news/how-much-do-us-renters-need-to-earn-to-afford-a-modest-apartment-in-each-state/ | 2022-08-08T23:02:42Z |
- This 10,000-square-foot facility in North Carolina allows Solectrac to scale operations as it continues to expand its nationwide dealer network.
- Nolan manufacturing will produce Solectrac's e25 electric tractors with additional models slated for future production.
WINDSOR, Calif., July 12, 2022 /PRNewswire/ -- Solectrac, makers of electric tractors and an operating company of Ideanomics (NASDAQ: IDEX), today announced a partnership with Nolan Manufacturing establishing an east coast production facility to meet the increasing demand for electric tractors across the country. The 10,000-square-foot facility in Denton, NC broadens Solectrac's service for east coast customers and reinforces the company's continued nationwide growth.
Since Ideanomics' acquisition in June 2021, Solectrac has grown significantly, adding several dealers throughout the United States, including three recently added on the east coast in Alabama, Florida and Georgia. Partnering with Nolan Manufacturing increases Solectrac's production capacity in support of its growing dealer network. The primary production at Nolan Manufacturing is Solectrac's e25 electric tractor, with additional models planned for future production.
"As the demand for Solectrac's electric tractors continues to increase, I'm excited about our persistent progress on the East Coast towards a more sustainable future and regenerative agriculture," said Mani Iyer, Solectrac CEO. "With a 10,000 square foot manufacturing facility, 57 acres and three new buildings, we are ramping up production quickly and will be able to deliver tractors to dealer partners expeditiously and provide more efficient services to existing customers. As we achieve full production capacity, we are focused on making hiring and training a top priority."
Nolan Manufacturing has over 50 dealers from Maryland to Georgia, with four equipment dealerships in North Carolina. They are producers of equipment and landscaping trailers with plans to expand production and distribution operations to include farm tractor implements, alongside the distribution of Solectrac tractors.
"It's exciting to be in a partnership that will support Solectrac with meeting the growing demand for their tractors," states Chris Biesecker, owner of Nolan Manufacturing. "The demand for Solectrac tractors is growing on the East Coast, and we're proud to do our part in providing the market with the economical and environmentally friendly Solectrac tractor." Chris has worked in equipment retail for over 30 years and will oversee the day-to-day operations of Solectrac tractors.
About Solectrac
Solectrac, Inc., located in Northern California, has developed battery-powered, electric tractors for agriculture and utility operations. Solectrac tractors provide an opportunity for farmers around the world to power their tractors by using the sun, wind, and other clean, renewable sources of energy. The company's mission is to offer farmers independence from the pollution, infrastructure, and price volatility associated with fossil fuels.
About Ideanomics
Ideanomics (NASDAQ: IDEX) is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing together vehicles and charging technology with design, implementation, and financial services, we provide solutions for the commercial world to commit to an EV future. To keep up with Ideanomics, please follow the company on social @ideanomicshq or visit: https://ideanomics.com.
Safe Harbor Statement
This press release contains certain statements that may include "forward-looking statements". All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties, and include statements regarding our intention to transition our business model to become a next-generation financial technology company, our business strategy and planned product offerings, our intention to phase out our oil trading and consumer electronics businesses, and potential future financial results. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of risks and uncertainties, such as risks related to: our ability to continue as a going concern; our ability to raise additional financing to meet our business requirements; the transformation of our business model; fluctuations in our operating results; strain to our personnel management, financial systems and other resources as we grow our business; our ability to attract and retain key employees and senior management; competitive pressure; our international operations; and other risks and uncertainties disclosed under the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, and similar disclosures in subsequent reports filed with the SEC, which are available on the SEC website at www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
Contacts:
Ideanomics, Inc.
Tony Sklar, SVP of Investor Relations
1441 Broadway, Suite 5116, New York, NY 10018
ir@ideanomics.com
Malory Van Guilder, Skyya PR for Ideanomics
malory@skyya.com
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SOURCE Solectrac | https://www.kxii.com/prnewswire/2022/07/12/solectrac-partners-with-nolan-manufacturing-meet-increasing-electric-tractor-demands/ | 2022-07-12T09:37:30Z |
Amber Heard rests case in civil suit without calling Depp
FALLS CHURCH, Va. (AP) — Actor Amber Heard has rested her case in the civil suit between her and ex-husband Johnny Depp without calling Depp to the stand.
Heard’s lawyers had initially suggested they would call Depp, but they ultimately opted against it when they rested their case Tuesday morning.
Depp is suing Heard for libel in Virginia over an op-ed she wrote in The Washington Post describing herself as “a public figure representing domestic abuse.” His lawyers say he was defamed even though the article never mentioned his name.
Depp has denied he ever struck Heard, and says she was the abuser in the relationship.
Heard has testified about more than a dozen separate instances of physical abuse she says she suffered at Depp’s hands.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/05/24/amber-heard-rests-case-civil-suit-without-calling-depp/ | 2022-05-24T14:46:19Z |
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Manhattan’s only Taco John’s reopens after year-long closure due to fire
TOPEKA, Kan. (WIBW) - Following a year-long closure due to extensive fire damage, Manhattan’s only Taco John’s has reopened.
Taco John’s International Inc. says it has officially re-opened its Manhattan location after a year-long closure following a fire that left the building with extensive damage. It said the remodeled location at 214 Leavenworth St. opened on Monday, April 11, with a full menu.
“We’re excited to be opening our remodeled location for our customers to experience a new and improved Taco John’s that they have come to know and love,” said Kim Jager, operator of Taco John’s Manhattan. “We’ll be featuring ordering advancements and an entirely upgraded design. We are certain that our customers will be happy with these location enhancements and keep coming back for more of their Taco John’s favorites.”
After the March 2021 fire left the kitchen and dining room with major damage, Taco John’s said the location was closed for nearly a year for a major remodel. It said it implemented a systemwide remodel and relocation initiative.
According to the Manhattan Fire Department, damages to the building cost about $300,000.
Taco John’s noted that the newly remodeled location features new design elements, kitchen equipment and operational updates to help employees more efficiently serve customers.
The nationwide Mexican fast-food franchise said this is the only location in Manhattan and one of 20 locations in Kansas. It said the location owned by franchisees Jeff and Karen Torluemke and part-owner Kim Jager all played a role in the remodel and repairs made to the restaurant over the past year.
For more information about Taco John’s click HERE.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/04/19/manhattans-only-taco-johns-reopens-after-year-long-closure-due-fire/ | 2022-04-19T16:47:47Z |
HAMILTON, Bermuda, Aug. 10, 2022 /PRNewswire/ -- Reference is made to Borr Drilling Limited's ("Borr Drilling") (NYSE: "BORR") (OSE: "BORR") stock exchange announcements of August 10, 2022, relating to the pricing of the equity offering through the subscription and allocation of a total of 69,444,444 new common shares (the "Offer Shares"), each at a subscription price of USD 3.60 per Offer Share (equivalent to NOK 35.00 per Offer Share), raising gross proceeds of USD 250 million. The Offer Shares will be listed on the New York Stock Exchange.
The following persons discharging managerial responsibilities ("PDMRs") in Borr Drilling have subscribed for and been conditionally allocated the following Offer Shares at the Subscription Price:
Companies affiliated with Director and Vice Chairman Tor Olav Trøim: 5,555,555 Offer Shares. After delivery, Trøim and his affiliated parties will represent an ownership in Borr Drilling of 15,780,490 shares in the Company.
Neil Glass, Director of Borr Drilling: 12,500 Offer Shares. After delivery, Mr. Glass will own 128,652 shares in the Company.
Patrick Schorn, Chief Executive Officer of Borr Drilling: 100,000 Offer Shares. After delivery, Mr. Schorn will own 1,100,000 shares in the Company.
Magnus Vaaler, Chief Financial Officer of Borr Drilling: 10,000 Offer Shares. After delivery, Mr. Vaaler will own 75,000 shares in the Company.
This information is subject to disclosure requirements pursuant to Sections 4-2 and 5-12 of the Norwegian Securities Trading Act and article 19 of the Regulation EU 596/2014 (Market Abuse Regulation).
Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208
This information was brought to you by Cision http://news.cision.com
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SOURCE Borr Drilling Limited | https://www.kxii.com/prnewswire/2022/08/10/borr-drilling-limited-mandatory-notification-trades/ | 2022-08-10T11:48:55Z |
Achieving the industry's gold standard for data security means the highest rigor in managing risk and keeping compliant with shifting regulations around health data security.
INDIANAPOLIS, May 17, 2022 /PRNewswire/ -- Springbuk, a health data analytics software company whose mission is to "prevent disease with data™," announced today the Springbuk Health Intelligence™ platform has once again earned Certified status for information security by HITRUST, having achieved this level since 2019. Springbuk's platform is market-leading technology that goes beyond data warehousing and analytics to help companies unlock key insights around employee benefits and corporate health investments.
Risk-based, 2-year (r2) Certified status demonstrates that the Springbuk platform has met key regulations and industry-defined requirements and is appropriately managing risk. This achievement places Springbuk in an elite group of organizations worldwide that have earned this certification. By including federal and state regulations, standards, and frameworks, and incorporating a risk-based approach, the HITRUST Assurance Program helps organizations address security and data protection challenges through a comprehensive and flexible framework of prescriptive and scalable security controls.
Given the delicate nature of healthcare data, the prestigious certification demonstrates Springbuk's deep, ongoing commitment to protecting corporate and individual data.
"Business and corporate leaders want to unlock more from their employee health data to deliver better employee experiences, cost-effective benefits, and the right mix of programs to employees without concern over data security," said Chris Morrison, Manager of Security and IT for Springbuk. "This re-certification once again demonstrates to our customers and buyers that we have implemented rigorous controls to protect their confidential information, and we continue to invest resources to maintain this highest level of security controls," added Steve Kukulka, Springbuk Chief Technology and Product Officer.
HITRUST tests for security controls, risk mitigation, and compliance issues to ensure that certified companies meet the highest regulation standards and industry-defined requirements.
"In today's ever-changing threat landscape, HITRUST is continually innovating to find new and creative approaches to address challenges," said Jeremy Huval, Chief Innovation Officer, HITRUST. "Springbuk's HITRUST Risk-based, 2-year Certification is evidence that they are at the forefront of industry best practices for information risk management and compliance."
Companies turn to Springbuk's Health Intelligence platform and the company's data scientists, clinicians, and population health experts to better plan, select, and evaluate employee health benefits. Springbuk's technology analyzes myriad health data provided by employers, healthcare providers, and other public data sources to generate insights about employee populations related to health benefits, prescription drugs, and well-being initiatives.
For more details about the HITRUST CSF Certification, visit Springbuk here.
About Springbuk
Imagine a world where every healthcare decision is backed and guided by data. Springbuk is the health data analytics solution that equips you with the insights and expertise you need to sharpen your benefits strategy, advance employee health, and contain costs. Unlike legacy data warehouses, we simplify data-driven decision-making with an intuitive user experience, predictive modeling, and curated action steps. Springbuk — a world of actionable health intelligence insight, at your fingertips. Visit springbuk.com to learn more.
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SOURCE Springbuk | https://www.wibw.com/prnewswire/2022/05/17/springbuk-earns-prestigious-hitrust-risk-based-2-year-certification-giving-clients-peace-mind-handling-sensitive-health-data/ | 2022-05-17T12:08:49Z |
ALBANY — The extreme heat in the region isn’t just uncomfortable, it is potentially deadly. Dougherty County’s coroner said the searing heat is a suspected cause or contributing factor in two deaths this week.
And the bottom line is, it could get worse.
On June 12, the partially decomposed body of an Albany man was found in an old school trailer building at the ball field at 1001 W. Highland Ave., Dougherty County Coroner Michael Fowler said.
The 63-year-old male, identified as David Lamar Mack, had other health issues, but the heat may have contributed to his death, the coroner said.
“He was in one of the abandoned trailers,” Fowler said.
And on Friday, a man was found dead in a parking lot at the Albany Mall in a car with the windows up.
“I can’t say it wasn’t (a factor),” Fowler said of the Friday death. “That was in a parking lot behind Belk’s. It’s probably going to be both of these were related to heat.”
When The Herald made a call to Dougherty County Emergency Medical Services Director Sam Allen at about noon on Saturday, he made a call to his shift supervisor to check on the situation.
“We’ve got a crew that’s currently on a heat-related call in the southside,” he said. “Yesterday they were out on a call (fatality) out near the mall.
“Then we’ve got a crew down at the Dougherty County Juneteenth celebration. They’re standing by.”
The forecasted high for Saturday was as much as 101 degrees for the city, with a heat index that could hit 110 degrees in some locations. But the heat wave could get worse in coming days, according to the National Weather Service’s office in Tallahassee.
After three days of weather predicted to drop below the 100-degree mark, with highs of 94 predicted for Sunday and Monday and 99 for Tuesday, highs of near 104 degrees on Wednesday and near 105 degrees on Thursday are projected, according to current conditions.
Next Friday’s projection is for possible thunderstorms and a high of near 102 degrees.
The 2021–2022 NBA season is coming to an end, as 16 playoff teams have played their way down to the final two. For many sports fans, success is determined by their city’s postseason participation and the number of championships they win. But before the title run, they have to make the playof… Click for more.
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- Acquisition of Air Liquide Emirates for Industrial Gases LLC (ALEMIR) and Orca Industrial Gases LLC, which includes liquid bulk, packaged gases and specialty gases of Air Liquide in the UAE
- Acquisition of Air Liquide's majority share in Middle East Carbon Dioxide W.L.L (MECD), a joint venture with ALMO Holdings CO W.L.L, for a liquid carbon dioxide (CO2) production facility in Bahrain
LEHIGH VALLEY, Pa., April 12, 2022 /PRNewswire/ -- Air Products (NYSE:APD) announced that it has acquired Air Liquide's industrial gases business in the UAE, including liquid bulk, packaged gases and specialty gases; and Air Liquide's majority share in MECD, which owns and operates a liquid CO2 production facility in Bahrain. Financial terms are not being disclosed for the agreement.
"The acquisition builds on many years of good experience working in and serving customers in the Middle East and supports our growth strategy for the region," commented Hamid Sabzikari, vice president and general manager, Air Products Industrial Gases Middle East, Egypt and Turkey.
"It is yet another example of how Air Products is building and strengthening its industrial gas business in the Middle East. In acquiring these businesses, we have further expanded our footprint and regional presence in the UAE and Bahrain, strengthened our product sourcing and reliability, and welcomed talented and dedicated people into our Middle East organization who are passionate about serving local customers."
About Air Products
Air Products (NYSE:APD) is a world-leading industrial gases company in operation for over 80 years. Focused on serving energy, environment and emerging markets, the Company provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemical, metals, electronics, manufacturing, and food and beverage. Air Products is also the global leader in the supply of liquefied natural gas process technology and equipment. The Company develops, engineers, builds, owns and operates some of the world's largest industrial gas projects, including: gasification projects that sustainably convert abundant natural resources into syngas for the production of high-value power, fuels and chemicals; carbon capture projects; and world-scale low and zero carbon hydrogen projects supporting global transportation and the energy transition.
The Company had fiscal 2021 sales of $10.3 billion from operations in 50 countries and has a current market capitalization of over $55 billion. More than 20,000 passionate, talented and committed employees from diverse backgrounds are driven by Air Products' higher purpose to create innovative solutions that benefit the environment, enhance sustainability and address the challenges facing customers, communities, and the world. For more information, visit www.airproducts.com or follow us on LinkedIn, Twitter, Facebook or Instagram.
Cautionary Note Regarding Forward-Looking Statements: This release contains "forward-looking statements" within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's expectations and assumptions as of the date of this release and are not guarantees of future performance. While forward-looking statements are made in good faith and based on assumptions, expectations and projections that management believes are reasonable based on currently available information, actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors, including risk factors described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2021. Except as required by law, we disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in the assumptions, beliefs or expectations or any change in events, conditions or circumstances upon which any such forward-looking statements are based.
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SOURCE Air Products | https://www.mysuncoast.com/prnewswire/2022/04/12/air-products-acquires-air-liquides-industrial-gases-business-united-arab-emirates-bahrain/ | 2022-04-12T16:16:57Z |
NEW ORLEANS, April 15, 2022 /PRNewswire/ -- The New Orleans Job Corps campus has immediate availability to safely provide a campus setting to educate qualified applicants and place them directly into employment in our community.
At the New Orleans Job Corps, the campus has the capacity to serve 186 students aged 16-24 in areas such as Certified Nursing Assistant, Electrical, Carpentry, and Culinary Arts. In addition, the campus works directly with local and national employers to help them fill in-demand and well-paying positions. This includes Ochsner Health System, Centerplate, and East Jefferson Medical Center.
Unfortunately, the COVID-19 pandemic significantly reduced the number of students the New Orleans Job Corps has served over the past year and a half. But with effective vaccines and continued safety precautions, the New Orleans Job Corps has resumed full operation.
"We are incredibly excited that our campus has reopened our training opportunities and are eager to bring in deserving young people and help them start their careers," said Michael Fernandez, the Center Director at the New Orleans Job Corps campus. "With a long track record of successfully placing our graduates into meaningful careers in the greater New Orleans area, we want our community to know that Job Corps is a terrific first option for any interested young person."
The New Orleans Job Corps campus has already demonstrated they are able to serve students safely and effectively despite COVID. The program has protocols and policies in place to track COVID symptoms, test, and prevent an outbreak.
"The past two years has been trying for all of us. This time has also shown us that Job Corps' dedication to teaching trades to young people has made a big difference not only in the lives of our students and their families, but in the lives of Americans reliant upon the work Job Corps alumni have been trained to do," said Byron V. Garrett, CEO and President of National Job Corps Association. "Given our availability to immediately serve students, we know the potential for our campuses to transform lives and want everyone to know that Job Corps is reopened and ready to help."
For more information about student outreach and recruitment, contact:
Christopher Wyre
Outreach and Admissions Manager
Ph: (504) 484-3505
EM: wyre.christopher@jobcorps.org
About ODLE Management
Founded in 2004 by Lisa S. Odle, President and CEO, ODLE Management Group, LLC is an experienced workforce development provider. ODLE is the prime contractor and manages the day-to-day operations of several Job Corps campuses to include outreach, admissions and placement services. Prime contracts are in Louisiana (New Orleans), Pennsylvania (Pittsburgh), Virginia (Old Dominion in Monroe), Texas (El Paso) and Oklahoma (Tulsa). In addition, Odle is a subcontractor in New Mexico (Albuquerque), Florida (Pinellas County) and Washington, D.C. (Potomac).
ODLE has received distinguished honors from the Small Business Administration, Arizona Small Business Administration, and the Arizona Small Business Development Center. In February 2020, ODLE completed a merger with Eckerd Connects, a private, national nonprofit 501(c)(3) organization; ODLE remains a separate organization and a wholly owned subsidiary.
Media Contact(s):
Trish Jones Mondero
Odle Management Group, LLC
Phone: (602) 622-7941
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SOURCE Odle Management Group | https://www.wibw.com/prnewswire/2022/04/15/new-orleans-job-corps-center-is-reopened-ready-transform-lives/ | 2022-04-16T07:00:52Z |
BELTON — Two Temple men who were supposed to face a jury Monday to answer for the 2018 shooting death of Savion Manuel each received a 50-year prison sentence after both men pleaded guilty.
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- UPDATE: Wildfire consumes 10 acres in Salado; 20% contained | https://www.tdtnews.com/news/central_texas_news/article_3515626e-1761-11ed-a7da-bbf08f550b83.html | 2022-08-09T00:01:48Z |
JAKARTA, Indonesia, Aug. 3, 2022 /PRNewswire/ -- Bank Rakyat Indonesia (IDX: BBRI), one of the largest financial groups in Indonesia, announced a net profit of USD 1.66 billion or grew almost double 98.38% year-on-year (YoY) with total assets also increased 6.37% to USD 110.19 billion in the first half of 2022, at the Press Conference on Financial Performance for Q2 2022 on July 27, 2022.
BRI President Director Sunarso said, "We focus on liquidity, especially the growth of low-cost funds; manage the loan quality, especially the restructured loan, while maintaining adequate provision to mitigate the credit risk; and furthermore accelerate business process reengineering to increase productivity and improve operational efficiency."
BRI disbursed USD 73.65 billion worth of loans, a growth of 8.75% YoY, to the micro segment (15.07% growth), consumers (5.27% growth), corporate segment (3.76% growth), and SMEs (2.71% growth). BRI's MSME loan portfolio grew 9.81% or USD 55.85 billion in Q2 2021 to IDR 61.33 billion in Q2 2022, reaching a proportion of 83.27%.
BRI's selective growth strategy focused on MSME, especially the utterly potential Ultra Micro and Micro segment, as the primary source of growth. This aligns with BRI's core competence, leveraging on BRI's vast experience and advanced infrastructure in terms of the physical and digital network, human capital, and progressive digital initiatives. In conjunction, BRI applied the soft-landing strategy to anticipate the deterioration of the loan quality ahead of the end of Indonesia's FSA restructuring relaxation period by March 2023.
BRI's ability to distribute loans with prudent risk management was reflected in the controlled NPL ratio of 3.26%, with strong coverage of 266.6% in Q2 2022, compared to 252.59% in Q2 2021.
Furthermore, Third Party Funds (DPK) grew 3.70% to USD 75.80 billion in Q2 2022, driven by a 13.38% YoY increase in Low-cost funds (CASA), with Current Accounts and Saving Accounts growing 25.63% and 8.32%, respectively. The current proportion of BRI's CASA of 65.12% is a significant increase compared to 59.56% in Q2 2021.
BRI's loan disbursements are supported by ample liquidity, seen from the consolidated LDR of banks maintained at 88.45% as well as a robust 25.06% Capital Adequacy Ratio.
BRI's exceptional performance has also received global recognitions, most notably:
a) Forbes Global 2000 World's Largest Public Companies: named BRI as the largest public company in Indonesia in 2022, ranked 349th globally.
b) The Banker: The Best Bank in Indonesia and ranked 104th globally.
c) The Asset Triple A: The Best SME Banker of The Year for Sunarso, and The Best Treasury and Working Capital – SME for BRI.
"These achievements encourage BRI to continue delivering the best performance and maintaining its position as a prominent financial institution in Indonesia," said Sunarso.
Furthermore, there are 45 million ultra-micro entrepreneurs in need of new or additional funding, of which only 15 million have already received financial assistance. Of the 30 million unreached individuals, 5 million rely on money lenders with 100-500% interest per year, 7 million borrow from relatives, and 18 million are still excluded from any financial assistance.
"BRI will secure its sustainability with a strong engine of growth to provide financial support to the ultra-micro segments that have not been reached yet," concluded Sunarso.
Visit www.bri.co.id for more information.
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SOURCE PT Bank Rakyat Indonesia Tbk (BRI) | https://www.kxii.com/prnewswire/2022/08/04/bri-reaches-usd-166-billion-net-profit-first-half-2022/ | 2022-08-04T09:32:40Z |
Munson Stadium memories: 'Super Juice,' a World Series future, and the Freeway Tavern
CANTON — On their way to pitching in some of the biggest games in Cleveland baseball history, Chad Ogea and Charles Nagy warmed up in Canton.
They smile when they hear Thurman Munson Memorial Stadium is enjoying a new day in the sun amid a $5 million renovation.
"I knew when I got there it was named after Thurman Munson, and I knew why," Ogea says 30 years after his stop in Canton. "The stadium looked like an erector set outside. Inside it was my kind of setting, a quaint place with the fans very close to you. It gave you the feeling of stepping back in time."
Ogea, 51, lives in Louisiana, where he has spent most of his life, including when he pitched for powerhouse LSU teams. He and his wife, Anne, operate a landscaping business in his home state.
Ogea likely would have been MVP of the 1997 World Series had Cleveland hung on to a ninth-inning lead in Game 7. He was the winning pitcher in Games 2 and 6 against Florida, posting a 1.54 earned run average. The biggest hit in Cleveland's Game 6 win was Ogea's bases-loaded single.
Ogea's first year as a pro was 1992, which he began at Class A Kinston before a promotion to Class AA Canton-Akron. His combined record, 19-4, was the talk of the organization. His first start for Canton was at Binghamton, which happened to have been Munson's first pro team out of Kent State.
"After going to Binghamton, our team came back to Canton," Ogea said. "One of the first people I met in Canton was a guy named Brian. As the weeks passed, I found he was around the team on the field and the dugout all the time. My name was Super Juice. The entire time I was in Canton, Brian called me Super Juice.
"The jump to Double-A was pretty big. I found that a lot of players from the SEC were in that league, and I saw that I could compete.
"The people in Canton were friendly. A lot of the same people would come to the games."
Ogea didn't get a real chance in Cleveland until 1995, when he went 8-3 on a loaded team that won the American League East by 30 games. In 1997, he beat Marlins ace Kevin Brown in two World Series games.
Nagy spent time in Canton in 1989 and '90, the team's first two seasons in the city and the ballpark. The big-league club was in a decades-long slump that included 100-loss seasons in 1987 and 1991. Nagy was an early ray of hope for Cleveland in 1992, when he went 17-10.
"I wasn't even thinking about Cleveland when I first got to Canton in '89," he said. "Whether I over-analyzed things or made it harder than it was, it took me a little while to get that comfortable feeling.
"I lived in a small apartment close to Belden Village. I was engaged. My fiancee and I got married that winter, and I was back in Canton to start the 1990 season.
"We did the things there were to do in Canton. We went to the Hall of Fame. We went to Thurman Munson's house. Mrs. Munson had a party for the team. I remember a chair that was a giant baseball glove.
"The stadium was made out of metal. There was a lot of foot-stomping. It was a very loud stadium in that regard."
Nagy went 4-5 for Canton in 1989 and 13-5 in 1990 before an August call-up to Cleveland.
Canton embraced the Double-A team from the start. Outfielder Beau Allred became a fan favorite in 1989, when he was among six Eastern League players to hit above .300.
It turned out to be his year in the sun. Baseball Reference records show that he hit .274 in 792 minor-league games and .230 in 65 games with Cleveland.
"My year in Canton was the team's first year in Canton," Allred, 56, said from his home in Safford, Arizona. "People were excited.
"The stadium was loud when fans stomped on the decking. We definitely heard it. Our dugout was right underneath.
"The stadium was new and clean. People appreciated the team. And it was a good team.
"I was in a two-bedroom apartment with Rob Swain and Ever Magallanes. We met a lot of people in town. Scott Parks — helluva guy — befriended us our first day. He and his wife, Pat, took care of us, showed us around town."
Canton Minor League Sports:'If they come, they will eventually leave:' A recent history of Canton minor league teams
Parks, a lifelong Canton resident, recalls the day he met Allred.
"We saw an article in the Repository asking people to take players around and check out apartments," Parks said. "Pat and I volunteered. We took Beau, Ever and Rob in our van to the Wendy apartments on Cleveland Avenue. They spent the season there.
"We took them down to Amish country. We had them over to the house. We had more than a few postgame drinks with them.
"When Canton's season ended, Beau got called up to Cleveland, and when that season ended he stayed with us for a few days. Pat packed him a basket of food, and he drove back to Arizona."
Some players were in Canton for two months. Some stayed for two years. Parks got to know quite a few.
"We wound up with tickets to all the games," he said. "In 1990 we took a family vacation, and on the way home detoured to Williamsport, where Canton was playing.
"After a game, Charles Nagy, Bruce Egloff, Greg Roscoe and Jeff Fassero were in my van, going to some places with Charles as the designated driver.
"For a diehard baseball fan like me, it truly was a dream."
Freeway Tavern, about a mile from the stadium, became a regular hang-out. Last call was 1996.The team moved to Akron in 1997.
By then Allred was back home in Arizona. His last hurrah with Cleveland came on May 27, 1991, when the 3-4-5 hitters in the lineup were Carlos Baerga, Albert Belle and a guy named Beau. Allred broke a 2-2 tie with a home run that beat the Baltimore Orioles 3-2.
It was his last big-league blast. He spent the next three years in Triple-A.
"I got married at the end of my baseball career," Allred said. "We had one daughter and two grandkids. I went to work for my dad in 1995. Dad had an insurance and cotton business. Five years later I bought it from him and here I still am.
"My wife and I both grew up on a ranch. We do a lot of outdoor stuff. We play golf.
"The guys from the Canton team ... we all went our own ways. There weren't cell phones to stay in touch then.
"I enjoyed my time in Canton. We were all pretty good friends."
Reach Steve at steve.doerschuk@cantonrep.com
On Twitter: @sdoerschukREP | https://www.cantonrep.com/story/sports/mlb/cleveland-guardians/2022/05/06/charles-nagy-chad-ogea-thurman-munson-memorial-stadium-renovation-cleveland-world-series-canton/9548402002/ | 2022-05-06T10:39:09Z |
DALLAS (KDAF) — May 10 through 16 is National American Craft Beer Week and it’s time to celebrate.
If you’re wondering where the best craft brewery is in the state of Texas, it’s down south in the great city of San Antonio at Ranger Creek Brewing & Distilling, based on Yelp reviews.
In order to celebrate this hopping and happening week we checked out Foursquare’s guide to the best places for craft beer in Dallas:
- Cold Beer Company
- Craft and Growler
- Eno’s Pizza Tavern
- Katy Trail Ice House
- Rodeo Goat
- Strangeways
- Hopdoddy Burger Bar
- The Rustic
- Lakewood Growler
- Flying Saucer Draught Emporium
- Deep Ellum Brewing Company
- The Foundry
- Vector Brewing
- The Wild Detectives
- Goodfriend Beer Garden and Burger House | https://cw33.com/lifestyle/food-and-drink/where-to-get-the-best-craft-beer-in-dallas-to-celebrate-national-american-craft-beer-week/ | 2022-05-11T21:13:55Z |
Join CGCC in telling the stories of Chinese investments and companies in the United States
NEW YORK, April 12, 2022 /PRNewswire/ -- China General Chamber of Commerce - USA ("CGCC") and CGCC Foundation cordially invite Chinese enterprises across the U.S. to fill out their 2022 Annual Business Survey on Chinese Enterprises in the U.S. This year the survey will be focusing on two major topics: legal & compliance, and brand & trust.
Since 2014, CGCC's annual survey has been engaging hundreds of Chinese companies in the U.S. to reflect on changes to their business operations and the various challenges and experiences faced while conducting business in the U.S.
Each year the survey's responses directly culminate into the CGCC Annual Business Survey Report on Chinese Enterprises in the U.S., a valuable resource providing important data and insights to help relevant stakeholders better understand the position of Chinese investments in the U.S. and support more fully informed and data-driven decision-making.
Now until late April, CGCC and CGCC Foundation strongly encourage all Chinese enterprises in the U.S. to participate and share their valuable stories and experiences.
CLICK HERE to fill out the survey in English. It will only take about 20-30 mins to finish.
Please click HERE to download and fill out the survey in Chinese, and email it back to us at survey@cgccusa.org once completed.
If you have any questions regarding the survey, kindly contact Abby Li at 646-928-5125.
CGCC and CGCC Foundation thank you in advance for your support and look forward to receiving your responses.
About CGCC:
Founded in 2005, China General Chamber of Commerce - USA ("CGCC") has been recognized as the largest and most impactful non-profit organization representing Chinese enterprises in the U.S. As an independent, non-partisan, non-governmental chamber of commerce, CGCC provides a broad range of programs, services, and resources to over a thousand multinational members across the U.S., with a mission to create value, generate economic growth, and enhance cooperation between the U.S. and Chinese business communities.
About CGCC Foundation:
Established in 2014, CGCC Foundation is a 501(c)(3) tax-exempt organization. The mission of CGCC Foundation is to deepen mutual understanding and cooperation between the United States and China through research, public charity and engagement in economic, cultural and social exchanges.
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SOURCE China General Chamber of Commerce - USA | https://www.kxii.com/prnewswire/2022/04/12/call-responses-2022-annual-business-survey-chinese-enterprises-us/ | 2022-04-12T19:40:26Z |
Federal prosecutors on Monday recommended a prison sentence of more than two months for a Virginia man who stormed the U.S. Capitol wearing a “Camp Auschwitz” sweatshirt.
Photographs of Robert Keith Packer wearing the sweatshirt with the antisemitic message went viral after the Jan. 6, 2021, attack on the Capitol. When FBI agents asked him why he wore the sweatshirt, he “fatuously” replied “because I was cold,” prosecutors said in their sentencing memo.
“Without expressing any remorse for being part of the rioting that day, Packer continually said it was ‘hard to tell’ which side people were on,” prosecutors wrote.
More than 100 police officers were injured when a mob of Donald Trump supporters attacked the Capitol while Congress was holding a joint session to certify President Joe Biden’s 2020 electoral victory.
U.S. District Judge Carl Nichols is scheduled to sentence Packer on May 23. He faces a maximum sentence of six months imprisonment after pleading guilty in January to a misdemeanor count of parading, demonstrating or picketing in a Capitol building.
Prosecutors asked Nichols to sentence Packer to 75 days of incarceration followed by three years of probation and 60 hours of community service.
The words “Camp Auschwitz” were above an image of a human skull on Packer’s sweatshirt. It also bore the phrase “Work Brings Freedom,” a rough translation of the German words above the entrance gate to Auschwitz, the concentration camp in Poland where Nazis killed more than 1 million men, women and children.
Packer, 57, of Newport News, Virginia, is a self-employed pipe fitter and a nonlicensed plumber. Prosecutors say he has a lengthy criminal record, with approximately 21 convictions, mostly for drunken driving and other motor vehicle violations.
Packer told the FBI that he was about 10 to 12 feet away from a rioter, Ashli Babbitt, when a police officer fatally shot her.
“He told the agents he heard the shot and saw her fall back from the window she was trying to climb through,” prosecutors wrote.
FBI agents arrested Packer a week after the riot. He has remained free pending his sentencing hearing.
Packer was evasive and minimized his actions when FBI agents interviewed him, according to prosecutors.
“He was more interested in relaying how he received hate mail and how he was ‘hounded’ by the media for interviews,” they wrote.
More than 790 people have been charged with federal crimes related to the Capitol riot. Nearly 300 of them have pleaded guilty, mostly to misdemeanors. Over 170 of them have been sentenced.
Three months is the longest prison sentence so far among rioters who have pleaded guilty to misdemeanors, according to an Associated Press review of court records. More than a dozen defendants who pleaded guilty to riot-related felonies have been sentenced to prison terms ranging from six months to five years and three months. | https://cw33.com/news/politics/ap-politics/feds-seek-prison-for-rioter-in-camp-auschwitz-sweatshirt/ | 2022-05-17T14:29:52Z |
BOSTON, July 11, 2022 /PRNewswire/ -- The Board of Trustees of Liberty All-Star Equity Fund (NYSE: USA) has declared a distribution of $0.16 per share payable on September 6, 2022 to shareholders of record on July 22, 2022 (ex-dividend date of July 21, 2022). This distribution is in accordance with the Fund's current distribution policy of paying distributions on its shares totaling approximately 10 percent of its net asset value per year, payable in four quarterly installments of 2.5 percent. A portion of the distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain and return of capital. The final determination of the source of all distributions in 2022 for tax reporting purposes, including the percentage of qualified dividend income, will be made after year-end.
The distribution will be paid in newly issued shares to all shareholders except those who are not participating in Liberty All-Star Equity Fund's Dividend Reinvestment Plan and who elect to receive the distribution in cash. Shares will be issued at the lower of the August 19, 2022 net asset value per share or market value per share (but not less than 95% of market value). The market value of the Fund's shares for this purpose will be the last sales price on the New York Stock Exchange.
The Fund does not continuously issue shares and trades in the secondary market, investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market's value. The Fund's shares are listed on the New York Stock Exchange under the ticker symbol USA. ALPS Advisors, Inc. is the investment advisor of the Fund, a multi-managed, closed-end investment company with more than $1.6 billion in net assets as of July 8, 2022.
Past performance cannot predict future results.
An investment in the Fund involves risk, including loss of principal.
Secondary market support provided to the Fund by ALPS Fund Services, Inc.'s affiliate ALPS Portfolio Solutions Distributor, Inc., a FINRA Member. ALPS Fund Services, Inc., ALPS Advisors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are affiliated entities.
For Information Contact:
Liberty All-Star® Equity Fund
1-800-241-1850
www.all-starfunds.com
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SOURCE Liberty All-Star Equity Fund | https://www.wibw.com/prnewswire/2022/07/11/liberty-all-star-equity-fund-declares-distribution/ | 2022-07-11T17:39:11Z |
Services for Hetty Mae Henderson Wright, 72, of Temple will be 11 a.m. Saturday at Branford/Dawson Funeral Home in Temple with the Rev. Davy Wright officiating.
Burial will be in Temple Garden of Memories.
Mrs. Wright died Tuesday, July 5, at a Temple hospital.
She was born March 25, 1950, in Moody to Frank Sr. and Mary Inge Henderson. She graduated from Moody High School in 1968. She attended Peaceful Rest Baptist Church in Moody, where she served as president of the cemetery committee. She married John Herbert Wright Sr. on Aug. 30, 1969. She worked for Mobil Chemical, Foley’s and TISD.
She was preceded in death by her husband.
Survivors include a daughter, Kimberly Wright Banks of Temple; five sons, Byron Wright of Austin, Steven Norman of Charlotte, N.C., and John Wright Jr., Aaron Wright and Travis Jackson, all of Temple; four sisters, Lois Rodgers, Shirley Good, Patricia Allen and Dency Henderson, all of Moody; a brother, Chester Henderson of Arlington; and 13 grandchildren.
Visitation will be 2-6 p.m. Friday at Branford/Dawson Funeral Home in Temple. | https://www.tdtnews.com/obituaries/article_2166757c-02ef-11ed-86c1-c334dbcdefae.html | 2022-07-14T09:19:01Z |
US Interior Secretary Haaland tests positive for COVID-19
(AP) – U.S. Interior Secretary Deb Haaland has tested positive for COVID-19 and has mild symptoms, the agency said Wednesday.
Haaland, 61, is isolating in Nevada, where she took part in a roundtable discussion Tuesday in Las Vegas about clean energy production on public lands, the Interior Department said in a statement.
Haaland began experiencing coronavirus symptoms on Wednesday and tested positive. She is fully vaccinated and has received two booster shots. The statement said she expects to recover quickly.
Haaland canceled travel plans elsewhere in the U.S. West and is working remotely.
Haaland last tested negative on Monday during a visit to the White House and was not in close contact with President Joe Biden, the statement said. Other people who might have been in close contact with Haaland during her travels are being notified.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/06/01/us-interior-secretary-haaland-tests-positive-covid-19/ | 2022-06-01T23:10:55Z |
Swiatek equals Serena Williams with 27-match winning streak
By ANDREW DAMPF
AP Sports Writer
ROME (AP) — Not since Serena Williams seven years ago has another woman had such a hot streak. Top-ranked Iga Swiatek routed Aryna Sabalenka 6-2, 6-1 to extend her winning streak to 27 matches and reach the Italian Open final. Williams won the same number of consecutive matches over 2014 and 2015. The hard-hitting Sabalenka took a medical timeout late in the second set and had her back treated. Swiatek will face either Ons Jabeur or Daria Kasatkina of Russia in Sunday’s final. Stefanos Tsitsipas reached his first Rome final by rallying past Alexander Zverev 4-6, 6-3, 6-3. Tsitsipas’ opponent in the final will be either top-ranked Novak Djokovic or Casper Ruud. | https://localnews8.com/sports/ap-national-sports/2022/05/14/swiatek-equals-serena-williams-with-27-match-winning-streak-2/ | 2022-05-14T17:20:51Z |
NEW YORK, Aug. 17, 2022 /PRNewswire/ -- UFO Gaming, the pioneering blockchain gaming platform, unveiled its long-awaited Metaverse with thousands of visitors in attendance.
While many companies are building Metaverses following Facebook's rebrand to Meta, UFO Gaming was among the early pioneers that announced audacious plans on building one long before this - and it has now finally come to fruition.
UFO Gaming is the first initiative to establish a unique multichain Metaverse with concrete advantages for gamers, providing them with digital assets such as NFTs in the form of in-game items, virtual land, and monetary value. $UFO holders may take advantage of a variety of perks, including dividends and community participation.
During the launch, UFO Gaming orchestrated an Easter Egg Hunt, Team AMA, Streamer Takeover, and Staking dApp Launch, all within their Metaverse event allowing their community to play and win prizes.
UFO Gaming enclosing their gaming platform within their Metaverse was a strategic move; recent analysis by McKinsey&Co (2022) projects that the Metaverse market will top $50billion by 2026.
The rise of ambitious crypto projects such as UFO Gaming is important in driving Metaverse growth and adoption. UFO Gaming utilizes virtual reality technology combined with the power of the blockchain to create uniquely immersive gameplay and future value for the $UFO token. The Metaverse market is expected to be driven by the increasing adoption of blockchain technology, the growing popularity of crypto assets, and the rise of UFO Gaming (CoinTelegraph, 20221).
Mckinsey surveyed over 3,400 consumers and executives on the Metaverse to find the vast majority believe that it will become increasingly important in the years to come. While Metaverse adoption is in its early stages, it is clear that it has the potential to revolutionize the way we live, work, and play. Those who don't start planning for the Metaverse now may find themselves at a serious disadvantage in the years to come. One way to get involved is to research early pioneers in the Metaverse space such as UFO Gaming (McKinsey&Co, 20222).
About UFO Gaming
UFO Gaming (UFO) is a revolutionary blockchain gaming platform giving players the power to earn cryptocurrency while playing games and to own their in-game items as NFTs. While launching their own games, UFO is developing its own Metaverse which invites users to meet, interact, and jump into its play-to-earn games.
1 Cointelegraph. (2022, August 2). Metaverse market share to surpass $50 billion by 2026, says new report. Cointelegraph; cointelegraph.com. https://cointelegraph.com/news/metaverse-market-share-to-surpass-50-billion-by-2026-says-new-report
2 McKinsey & Company. (2022). Value creation in the metaverse June 2022 The real business of the virtual world. McKinsey & Company; www.mckinsey.com.
Photo - https://mma.prnewswire.com/media/1878244/UFO_Gaming.jpg
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SOURCE MarketNews | https://www.kxii.com/prnewswire/2022/08/17/revolutionary-metaverse-launch-ufo-gaming/ | 2022-08-17T13:01:23Z |
BEIJING, July 1, 2022 /PRNewswire/ -- John Lee was sworn in as Chief Executive of the Hong Kong Special Administrative Region (HKSAR) Friday morning, as Hong Kong marks the 25th anniversary of its return to China.
Lee took his oath before Chinese President Xi Jinping, who oversaw the swearing-in ceremony.
"I, John Lee, swear that, in the office of Chief Executive of the Hong Kong Special Administrative Region of the People's Republic of China, will uphold the Basic Law of the Hong Kong Special Administrative Region of the People's Republic of China, bear allegiance to the Hong Kong Special Administrative Region of the People's Republic of China and serve the Hong Kong Special Administrative Region conscientiously, dutifully, in full accordance with the law, honestly and with integrity, and be held accountable to the Central People's Government of the People's Republic of China and the Hong Kong Special Administrative Region," said Lee.
The president congratulated Lee on his inauguration after the oath-taking.
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SOURCE CCTV+ | https://www.wibw.com/prnewswire/2022/07/01/cctv-new-hong-kong-chief-executive-sworn/ | 2022-07-01T08:17:13Z |
ROSEMONT, Ill., June 15, 2022 /PRNewswire/ -- SellersCommerce, the Illinois-based leading SaaS eCommerce platform, that revealed its decision to pivot towards a 360-degree B2B headless eCommerce platform by 2023, is well on its way to becoming one with the launch of two major products that will provide the much-needed fillip to the company's new product journey.
Over the past couple of years, the industry has witnessed a progressive increase in the adoption of Production Information Management systems to streamline online sales and automate hundreds of manual processes to speed up overall operations. However, adopting and implementing a full-scale PIM can put small businesses under sheer financial duress. Therefore, to level the playing ground and bring PIM within everyone's reach, SellersCommerce launched Catalog Manager targeted at retailers.
It sources the latest product information from 130+ manufacturers, scrubs data automatically, and pushes it to eCommerce stores of subscribing retailers. All retailers have to do is subscribe for catalog updates to their choice of suppliers, and automatically receive the latest product information to feature on their online stores. This spares them the hassles and costs of maintaining an in-house catalog team to clean, messy supplier catalogs to make them eCommerce friendly.
"Retailers can save 50+ hours a week using Catalog Manager. Most importantly, it works seamlessly with all major eCommerce platforms including Shopify, WooCommerce, Volusion & BigCommerce."
- Ashok Reddy, CEO, SellersCommerce
On the other hand, LineSheets Pro, in line with SellersCommerce's vision to be a headless eCommerce platform, is an industry-agnostic solution aimed at empowering sales reps to attain faster closures.
It's an easy-to-use digital line sheet-making software with a host of design tools to create stunning line sheets and lookbooks on the fly without zero design skills. One can drag & drop products, choose a design template and fill in the latest product info to create a line sheet ready in minutes. It can be shared with prospects as PDFs or web links and start collecting orders and payments, thus boosting sales. LineSheets Pro also syncs with eCommerce and inventory, helping businesses track and monitor every single conversion.
About SellersCommerce: SellersCommerce is a leading 360-degree B2B eCommerce provider empowering enterprise businesses to build, innovate and grow their online business. It specializes in customizing and creating stellar digital experiences.
Contact: pr@sellerscommerce.com.
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SOURCE SellersCommerce | https://www.mysuncoast.com/prnewswire/2022/06/15/sellerscommerce-leads-automation-bandwagon-b2b-ecommerce-industry-with-lightweight-pim-amp-robust-sales-enablement-solutions-manufacturers/ | 2022-06-15T12:20:42Z |
AUSTIN (KXAN) — An Infowars producer testified that she believes Alex Jones, founder and host of the show, was not lying during his coverage of the Sandy Hook Elementary school shooting and that he was being “genuine” when discussing conspiracy theories about the attack.
Jones is being sued by several families of victims in the 2012 shooting, over his claims the incident was a hoax. The court previously found Jones liable by default for damages in this case.
The plaintiff’s attorneys first called the producer, Daria Karpova, to testify on Tuesday. Attorneys asked her a series of questions about Infowars’ coverage of the shooting, including a headline calling the incident a “false flag.” They also questioned Karpova about the cover of an Infowars magazine, featuring a picture of former President Barack Obama and the headline ‘This Man Wants Your Guns.’
The plaintiff’s attorney asked her, “According to Infowars, Obama was coming for their guns?”
Karpova asked the attorney to repeat the question and stated she didn’t fully agree. She eventually agreed that was what the magazine cover stated.
At one point, Jones’ attorney Andino Reynal objected to only portions of video clips of the show being played, as opposed to the plaintiff’s attorney playing entire clip.
Karpova took the stand again on Wednesday at the Travis County Courthouse. Attorneys discussed more video clips from Infowars: one titled “Crisis actors used at Sandy Hook! Special Report” and another titled “Revealed: Sandy Hook Truth Exposed.”
Karpova told the court their video titles were “meant to grab a person’s attention, so they can see the video” for more details. She told the court that practice is often used in “mainstream media.”
Much of the questions focused on a guest who appeared on Infowars, Wolfgang Halbig. Karpova said Halbig portrayed himself as a school security expert with government and law enforcement experience. When asked whether she was responsible for vetting guests of the show, Karpova said, “It just would not be possible to verify everything.”
She added that it is her responsibility to “do her best” to verify their credentials and claims, but they can’t control their guests.
“The beauty of Alex Jones’ show is that it is a live show, it is not scripted,” she said. She went on to say they “give them [the guests] a platform and let the audience decide” whether or not to listen.
Then, the plaintiff’s attorney Mark Bankston showed an email sent by Halbig to the parent of a “murdered, Autistic girl.” Bankston said the email was in Infowars’ corporate files, but Karpova refused to confirm this. After a frustrating exchange over whether the company was aware of this email, she eventually said, “I’m not sure who at Infowars knew.”
Jones was not present in court Wednesday, and his attorney told the court at the beginning of the trial his client may not be attending parts of the trial due to medical issues. Jones, however, did attend Tuesday’s proceedings and spoke to reporters outside the courtroom during a break.
“If you want to be bamboozled and lose your First amendment, lose your Seventh amendment, and lose all that go ahead,” Jones said.
His attorney has called this an “important First Amendment case.”
Parents Neil Heslin and Scarlett Lewis, who lost their child Jesse in the shooting, were in the courtroom again on Wednesday. Their attorneys told the jury they are asking for $150 million in compensatory damages and more in punitive damages.
KXAN’s Avery Travis will be in the courtroom to provide live updates. You can follow her coverage on Twitter below.
Catch up on the trial
- Monday: Jury selected for Alex Jones’ defamation trial in Austin
- Tuesday: Parents of Sandy Hook victim, Alex Jones arrive for defamation trial in Travis County | https://cw33.com/news/texas/infowars-producer-says-host-alex-jones-was-being-as-careful-as-he-can-as-defamation-trial-continues/ | 2022-07-27T17:41:56Z |
LITTLE ROCK, Ark., June 16, 2022 /PRNewswire/ -- DSG is excited to share that for the 4th year in a row it has been selected as one of the Top 20 Sales Training & Enablement Companies by Training Industry, Inc. As the leading research and information resource for corporate learning leaders, Training Industry prepares the report on critical sectors of the corporate training marketplace to better inform professionals about the best and most innovative providers of training services and technologies.
"This year's Sales Training and Enablement Top 20 companies provided quality training to their customers with a range of topics and the readiness to adapt to their needs," said Jessica Schue, market research analyst at Training Industry, Inc. "With virtual transitions and new tools for learning, these companies prepare their customers with the best offerings and innovations to help keep them up to date with new selling trends."
"It's an honor to be listed on the 2022 Top Training Companies™ list for Sales Training and Enablement Service Providers" said Tanner Mezel, DSG's VP of Sales & Marketing. "Our modern approach to sales enablement starts with a video playbook that gives every seller the content, tools, and training to lead compelling sales conversations and influence the customer buying process at every stage."
Click here to learn more about how DSG can help enable your growth strategies.
Through video-based sales training playbooks, experiential learning, and continuous enablement, DSG helps B2B companies implement their growth initiatives and accelerate revenue growth. Sales playbooks are the foundation for on-demand training, live virtual training, classroom training, and manager-led coaching. DSG provides an integrated sales enablement approach including consulting, content development, training delivery, graphic design, and video production.
Training Industry (https://trainingindustry.com) is the most trusted source of information on the business of learning. Our authority is built on deep ties with more than 450 expert contributors who share insights and actionable information with their peers. Training Industry's courses, live events, articles, magazines, webinars, podcasts, research, and reports generate more than 10 million industry interactions each year, while the Top 20 Training Companies Lists help business leaders find the right training partners. For a complimentary referral, visit https://trainingindustry.com/rfp.
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SOURCE DSG Consulting LLC | https://www.kxii.com/prnewswire/2022/06/16/dsg-consulting-awarded-2022-top-20-sales-training-enablement-company-status-by-training-industry/ | 2022-06-16T16:36:09Z |
KANSAS CITY, Mo., July 21, 2022 /PRNewswire/ -- As part of a $1,000,000 charitable pledge in honor of Henry Repeating Arms' 25th anniversary, company president Andy Wickstrom presented a $50,000 check to Veterans of Foreign Wars Commander-In-Chief Matthew M. "Fritz" Mihelcic during Wednesday's proceedings at the 123rd VFW National Convention in Kansas City.
"Henry Repeating Arms has been a longtime supporter of organizations that take care of our veterans, and no one does that better than the VFW," says Wickstrom while addressing the crowd. In late 2016 Henry Repeating Arms partnered with the VFW to establish a fundraising program that would raise money on a national level and offer individual posts the opportunity to enhance their fundraising efforts. Other direct monetary contributions to the organization now total more than $150,000. Wickstrom continues, "We believe in the VFW's mission and vision and respect its extraordinary accomplishments."
Henry Repeating Arms CEO and Founder Anthony Imperato's landmark Silver Anniversary pledge distributes under the company's Guns For Great Causes banner, a philanthropic arm benefitting a wide variety of charities and non-profits, including children's hospitals, organizations supporting military veterans, first responders, law enforcement, wildlife conservation, hunting and shooting sports education, and Second Amendment advocacy groups. A limited-edition Golden Boy Silver Anniversary edition rifle will be available online in the coming weeks, with 100% of the proceeds benefitting the charities supported by the Guns For Great Causes campaign. To be notified when this limited-edition rifle becomes available, visit Henry Repeating Arms online and sign up for the email newsletter.
For more information about Henry Repeating Arms and its products, visit henryusa.com or call 866-200-2354 for a free catalog.
Henry Repeating Arms is one of the leading rifle and shotgun manufacturers in the United States and a world leader in the lever action category. The company motto is "Made in America, or not made at all," and its firearms come with a lifetime guarantee backed by award-winning customer service. The company is also known for its Guns For Great Causes charitable program, which focuses on assisting the families of sick children, children's hospitals, military veteran organizations, Second Amendment advocacy groups, and wildlife conservation organizations. The company currently employs over 550 people and has over 330,000sf of manufacturing space in its Wisconsin and New Jersey facilities. The company is named in honor of Benjamin Tyler Henry, who invented and patented the Henry lever action rifle in 1860 – the first practical repeating rifle and America's unique contribution to the international stage of firearms design. Visit Henry Repeating Arms online at henryusa.com, on Facebook at facebook.com/HenryRepeating, and @henry_rifles on Instagram.
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SOURCE Henry Repeating Arms | https://www.kxii.com/prnewswire/2022/07/21/henry-repeating-arms-continues-silver-anniversary-pledge-with-50000-donation-vfw/ | 2022-07-21T14:25:37Z |
SANTA CLARA, Calif., Aug. 30, 2022 /PRNewswire/ -- SoC.one Inc., a leading provider of cloud-native System on Chip (SoC) design enablement, today announced support for Intel® Pathfinder for RISC-V*, a rapid prototyping and development platform for the RISC-V ecosystem.
With the Intel® Pathfinder integrated environment, RISC-V adopters can evaluate and deploy commercial and open-source RISC-V cores and related IPs on Intel® FPGA and simulator platforms via a unified software environment that incorporates industry leading operating systems, tool chains, and reference software. With SoC.one Cloud – developed and hosted by SoC.one – Intel will have a compelling new option for its customers who want to combine the power of Intel Pathfinder tools with the flexibility and ease-of-use that comes with cloud-based infrastructure.
SoC products are highly integrated microelectronic devices that unite separate system-level intellectual-property (IP) blocks into unified systems aimed at addressing the needs of specific vertical markets. Advanced digital design tools, prototyping platforms, and supporting software tools and environment must properly be leveraged and deployed to achieve this integration.
SoC.one Founder, Krishna Raghavan, noted that historically the primary challenges of SoC design are the selection and integration of IP blocks, and the development and integration of software respectively. Exploding complexity of IP blocks such as CPU core, memory, and peripherals, compounded by an increase in diversity of component interfaces, design constraints, and software execution environments (runtimes) are daunting for SoC designers.
The advent of RISC-V, an open-source instruction set architecture (ISA), will play an increasingly critical role in driving development of more innovative and efficient chips. Market research firm Semico predicts the number of chips with some RISC-V technology will grow ~70+ percent per year through 2027, driven largely by demand for AI and machine learning.
Building on Intel Pathfinder, SoC.one has developed a cloud-native environment that streamlines access to digital design tools and online platforms to lower adoption barriers and accelerate development time for RISC-V SoC designers. The SoC.one Cloud is fully integrated with Intel Pathfinder, prototyping platforms, and software debug tools providing software developers a unified experience to configure, customize, and deploy RISC-V platforms remotely. Customers working with Intel can onboard SoC.one Cloud to seamlessly transition among different execution platforms as they scale up their RISC-V designs. As a result, the collaboration between Intel and SoC.One is expected to yield significant time and cost savings for RISC-V customers compared to the traditional on-prem development paradigm.
"Together with Intel Pathfinder, the SoC.one Cloud offering enables developers to left-shift verification and software development through efficient, innovative, and cost-effective combination of tools and hardware. Our objective is to help the RISC-V adopters accelerate life cycle of development and lower costs associated with their RISC-V SoC designs." said Raghavan. "In addition to SoC.one Cloud, we are excited to announce the RISC-V Developer Network (http://www.rvdn.net), an online forum which will provide an avenue for Intel Pathfinder developers and the broader RISC-V community to access Q&A, value-added software and application notes. This initiative is a great example of how the ecosystem can come together to remove barriers to RISC-V adoption."
From tiny MCU cores for IoT to high-performance cores for edge and datacenter applications, SoC.one Cloud enables RISC-V developers to configure, size and characterize their designs.
Conversely, added Raghavan, developers adding new RISC-V cores to Intel Pathfinder will seamlessly enable access to their IP in SoC.one Cloud. With SoC.one Cloud, developers pay only for compute infrastructure used and for the IP blocks instantiated, without any time limit, commitment, or additional costs.
"We are excited to work with SoC.one to extend the market addressability of Intel Pathfinder by harnessing the power of cloud platforms." said Vijay Krishnan, General Manager, RISC-V Ventures, Intel Corporation.
Start your journey with Intel Pathfinder for RISC-V at pathfinder.intel.com
Founded in 2021, SoC.one offers RISC-V developers an innovative cloud platform that includes prototyping platforms, and software debug tools to provide software developers with a unified and seamless remote experience, resulting in significant time and cost saving compared with traditional on-prem development resources and paradigm. SoC.one's custom cloud-native environment streamlines access to digital design tools and online platforms to lower adoption barriers and accelerate development time for RISC-V System-on-Chip designers.
Neal Leavitt
Leavitt Communications
(760) 639-2900
neal@leavcom.com
Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.
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SOURCE SoC.one | https://www.kxii.com/prnewswire/2022/08/30/socone-cloud-accelerates-adoption-within-intel-pathfinder-risc-v-ecosystem/ | 2022-08-30T17:55:26Z |
Backlog Increases 98% Year-over-Year and 5% Sequentially to $25 Million, Company Reiterates Expectation of 50% Year-over-Year Full Year Revenue Growth for 2022
FORT LEE, N.J., Aug. 15, 2022 /PRNewswire/ -- Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer", "Pioneer Power" or the "Company"), a leader in the design, manufacture, service and integration of electrical power systems, distributed energy resources, power generation equipment and mobile electric vehicle ("EV") charging solutions, today provided a business update and announced financial results for the second quarter and six months ended June 30, 2022.
Business Highlights for the Second Quarter of 2022:
- Pioneer continued to expand interest in the e-Bloc solution, increasing the number of potential customers evaluating proposals. Approximately $15.0 million of the backlog reflects e-Bloc orders, bolstering confidence in achieving full-year revenue goals.
- Pioneer won an initial $1.0 million order to provide its e-Bloc solutions as part of the first phase of an initiative to repower a Hyperscale Data Center in San Jose, California for a major global cloud internet company. This represents Pioneer's first e-Bloc order for the data center market.
- The Company shipped two e-Boost skid-mounted solutions to the nation's largest school bus manufacturer related to its electric bus offerings, resulting in the recognition of $129,000 of e-Boost revenue during the second quarter.
- Pioneer's total backlog increased to $25.2 million at June 30, 2022, compared to $24.0 million at March 31, 2022 and $12.7 million at June 30, 2021. The Company's total backlog at June 30, 2022 was the highest backlog since the Company sold its transformer business units nearly three years ago.
Financial Highlights for the Second Quarter of 2022:
- Revenue decreased 24% to $4.3 million for the three months ended June 30, 2022, as compared to $5.6 million for the three months ended June 30, 2021. Revenue was adversely impacted by delays from one large customer, which was unable to receive completed e-Bloc systems on the original timeframe due to site readiness issues. These issues have been resolved and the customer expects to receive the majority of the promised products during the second half of 2022.
- Gross profit decreased 84% to $81,000 for the three months ended June 30, 2022, or 1.9% gross margin, as compared to $495,000, or 8.8% gross margin, for the three months ended June 30, 2021. Margins were impacted by the delayed shipments, resulting in lower revenue from the T&D Solutions segment, as well as increase in company-wide overhead costs.
- Total operating loss during the second quarter of 2022 was $2.5 million, compared to $745,000 in the second quarter of last year, reflecting investments in the Company's e-Bloc and e-Boost initiatives. The Company recognized $658,000 of non-cash, stock-based compensation expense during the second quarter of 2022, as compared to $38,000 during the second quarter last year, which significantly contributed to the increase in the Company's operating loss. In addition, the Company invested approximately $607,000 in product development and sales and marketing fees during the second quarter to advance its e-Boost and e-Bloc solutions.
Nathan Mazurek, Pioneer's Chairman and Chief Executive Officer, said, "Timing of customer deliveries was the driving factor in our revenue decline, as approximately $3 million in orders were delayed as a direct result of delays in the customer's receiving schedule for completed units. We fully expect the majority of these units to ship during the second half of the year and, indeed, fully expect that a portion of these orders will ship in the third quarter. Accordingly, we are reiterating our expectation that we will grow our 2022 revenue by at least 50% over our 2021 revenue and deliver continued margin expansion, enabling us to generate positive operating cash flow for 2022."
"Separately, our pipeline for e-Boost sales continues to grow dramatically, with a number of electric truck and bus manufacturers evaluating proposals for their own dealerships, as well as direct customers," added Mr. Mazurek. "This portion of the market represents the most significant near-term potential, but additional markets are being actively pursued such as electric aviation and marine craft automotive dealerships, as well as military applications. Both e-Boost and e-Bloc will contribute to our growth in 2022, a significant achievement considering we only introduced e-Boost in November of last year. We have increased our investments in sales, marketing, manufacturing capacity and product development to support these two new platforms, but despite the increased investments, we are maintaining a relatively low cash utilization, and we believe we have sufficient resources to fund our near-term growth initiatives without considering any dilutive financings."
Second Quarter 2022 Financial Results
Revenue
Total revenue for the three months ended June 30, 2022 was $4.3 million, a decrease of 24% compared to $5.6 million during the second quarter of last year. The decrease in revenue was primarily due to delayed e-Bloc shipments from one large customer, which was unable to receive completed power systems on the original timeframe due to site readiness issues.
Gross Profit/Margin
Total gross profit for the second quarter of 2022 was $81,000, or 1.9% of revenues, compared to $495,000, or 8.8% of revenues, for the same period in 2021. The decrease in gross profit was primarily due to the decrease in revenue from the T&D Solutions segment related to the delay in e-Bloc shipments, as well as an increase in company-wide overhead costs.
Operating Loss
For the three months ended June 30, 2022, operating loss was $2.5 million as compared to $745,000 during same period in 2021, reflecting the lower gross profit from the Company's T&D Solutions segment because of the decrease in revenue, recognizing $658,000 of non-cash, stock-based compensation expense during the second quarter and the Company's ongoing investments in product development and marketing related to our e-Bloc and e-Boost initiatives.
Net Loss
The Company's net loss was $2.5 million, or $(0.26) per basic and diluted share, for the three months ended June 30, 2022, compared to a net loss of $686,000, or $(0.08) per basic and diluted share, during the three months ended June 30, 2021. Net loss for the quarter included $658,000 of non-cash, stock-based compensation expense related to a restricted stock unit award and stock options, which were granted during the second quarter.
Year-to-Date 2022 Financial Results
Total revenue for the six months ended June 30, 2022 was $10.3 million, an increase of 13% compared to $9.1 million during the first six months last year. Revenue from the T&D Solutions segment increased 383,000, or 8%, and revenue from the Critical Power segment increased $815,000, or 20%, during the first six months of the 2022 as compared to the same period last year. The increase in the Company's Critical Power revenue is primarily due to the Company's e-Boost initiative, which was launched during the fourth quarter of 2021, and recognizing shipments of e-Boost products during the first six months of 2022.
Gross profit for the first six months of 2022 was $956,000, or 9.3% of revenues, compared to gross profit of $654,000, or 7.2% of revenues, for the same period in 2021.
Loss from operations for the first six months of 2022 was $3.4 million as compared to $1.9 million during same period in 2021. The increase in the Company's loss from operations is primarily due to ongoing investments in product development and marketing costs related to the Company's e-Bloc and e-Boost initiatives and higher non-cash, stock-based compensation expense.
The Company's net loss for the first six months of 2022 was $3.3 million, or $(0.34) per basic and diluted share, compared to a net loss of $335,000, or $(0.04) per basic and diluted share, during the same period of 2021. Net loss for the six months ended June 30, 2021 included a gain of $1.4 million for the extinguishment and forgiveness of the PPP Loan.
Balance Sheet
As of June 30, 2022, the company had $9.8 million in cash, compared to $11.7 million in cash and restricted cash as of December 31, 2021. Additionally, the Company expects to receive approximately $6.2 million in cash by December 31, 2022 from the maturity of its notes receivable related to the sale of the transformer business units.
Earnings Conference Call:
Management will host a conference call later today, August 15, 2022 at 5 p.m. Eastern Time to discuss the Company's 2022 second quarter financial results with the investment community.
Anyone interested in participating should call 1-800-289-0720 if calling within the United States or 1-323-701-0160 if calling internationally. When asked, please reference confirmation code 9383194.
The call will also be accompanied live by webcast over the Internet and accessible at https://viavid.webcasts.com/starthere.jsp?ei=1562210&tp_key=532cb770c2.
A replay will be available until August 22, 2022 which can be accessed by dialing 1-844-512-2921 if calling within the United States or 1-412-317-6671 if calling internationally. Please use passcode 9383194 to access the replay.
Pioneer Power Solutions, Inc. is a leader in the design, manufacture, integration, refurbishment, service and distribution of electric power systems, distributed energy resources, power generation equipment and mobile EV charging solutions for applications in the utility, industrial and commercial markets. To learn more about Pioneer, please visit its website at www.pioneerpowersolutions.com.
Safe Harbor Statement:
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the Company's ability to successfully increase its revenue and profit in the future, (ii) general economic conditions and their effect on demand for electrical equipment, (iii) the effects of fluctuations in the Company's operating results, (iv) the fact that many of the Company's competitors are better established and have significantly greater resources than the Company, (v) the Company's dependence on two customers for a large portion of its business, (vi) the potential loss or departure of key personnel, (vii) unanticipated increases in raw material prices or disruptions in supply, (viii) the Company's ability to realize revenue reported in the Company's backlog, (ix) future labor disputes, (x) changes in government regulations, (xi) the liquidity and trading volume of the Company's common stock and (xii) an outbreak of disease, epidemic or pandemic, such as the global coronavirus pandemic, or fear of such an event.
More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission, including the Company's Annual and Quarterly Reports on Form 10-K and Form 10-Q, respectively. Investors and security holders are urged to read these documents free of charge on the SEC's web site at www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
Contact:
Brett Maas, Managing Partner
Hayden IR
(646) 536-7331
brett@haydenir.com
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SOURCE Pioneer Power Solutions, Inc. | https://www.mysuncoast.com/prnewswire/2022/08/15/pioneer-reports-second-quarter-2022-financial-results/ | 2022-08-15T20:30:49Z |
SANTA CLARA, Calif., Aug. 4, 2022 /PRNewswire/ -- eHealth, Inc. (NASDAQ: EHTH) (eHealth.com), a leading private online health insurance marketplace (the "Company"), today announced that on August 1, 2022, the Compensation Committee of its Board of Directors granted an inducement stock unit award to Gavin Galimi, who joined the Company as SVP, General Counsel and Secretary of the Company on June 27, 2022. The award was granted under the Company's Amended and Restated 2021 Inducement Plan (the "Inducement Plan") and otherwise will be subject to the terms and conditions of a stock unit agreement under the Inducement Plan.
The stock unit award covers 79,444 shares of the Company's common stock and will be subject to vesting over four years, with 25% vesting on the first anniversary of the vesting commencement date of June 10, 2022, and the remainder vesting in equal quarterly installments over the subsequent three years, subject to Mr. Galimi's continued service with the Company through the vesting date and potential acceleration upon certain terminations of employment.
The stock unit award was granted as an inducement material to Mr. Galimi's accepting employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).
eHealth, Inc. (NASDAQ: EHTH) operates a leading health insurance marketplace at eHealth.com and eHealthMedicare.com with technology that provides consumers with health insurance enrollment solutions. Since 1997, we have connected more than eight million members with quality, affordable health insurance, Medicare options, and ancillary plans. Our proprietary marketplace offers Medicare Advantage, Medicare Supplement, Medicare Part D prescription drug, individual, family, small business, and other plans from approximately 200 health insurance carriers across fifty states and the District of Columbia.
Media inquiries, please contact pr@ehealth.com
Investor Relations Contact:
Kate Sidorovich, CFA
Senior Vice President, Investor Relations & Strategy
Kate.Sidorovich@ehealth.com
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SOURCE eHealth, Inc. | https://www.mysuncoast.com/prnewswire/2022/08/04/ehealth-inc-announces-inducement-grants-under-nasdaq-listing-rule-5635c4/ | 2022-08-04T21:10:30Z |
TORONTO, Aug. 16, 2022 /PRNewswire/ -- Housatonic Partners, a growth-oriented private equity firm focused on investing in recurring revenue services companies, has made a significant growth investment in Key Media, a global leader in B2B media, with over 300 staff across eight countries, including Australia, New Zealand, Philippines, USA, UK, Korea, Antigua and Canada.
Founded in 2001, Key Media is an award-winning, niche B2B media company that operates through its 70+ digital and print B2B media titles and 80+ annual events in six geographical markets. The company delivers world-class content via its multiple platforms to professionals in the insurance, law, human resources, and wealth management industries, among others.
"In 20 years, Key Media has grown from a start-up in Australia to what is now a preeminent B2B global media company. Key Media has a long history of informing, empowering, connecting, inspiring and rewarding business people around the world," said Housatonic Partners Managing Director Joe Niehaus. "We're excited to partner with the company's management team to help the company accelerate its growth trajectory and to invest in new markets and technology."
"This partnership and additional funding will bring us one step closer to our goal of being the largest independent B2B information provider globally," said Mike Shipley, Founder and Chief Executive Officer. "This is a huge vote of confidence in what we're doing and where we're going, and we're very excited to be working with the impressive team at Housatonic to take Key Media to the next level."
Financial terms of the transaction were not disclosed.
As the home of some of the world's most trusted award-winning B2B media brands spanning legal, HR, safety, insurance, mortgage and finance, we pride ourselves on creating the best content, accessed by people when and how they want, while recognising and celebrating excellence in business and leadership. We bring business people together so that they can thrive and grow. Key Media's purpose is to inform, connect, educate, inspire and reward business people around the world. To learn more, please visit WWW.KEYMEDIA.COM.
Housatonic Partners is a private equity investment firm founded in 1994, with more than $1.5 billion in capital under management. The firm invests in growing, profitable businesses with highly recurring revenue. Housatonic Partners has backed exceptional management teams in more than 100 small to mid-sized companies over the last 28 years. For more information, please visit WWW.HOUSATONICPARTNERS.COM.
Press Contact: 415-955-9020
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SOURCE Housatonic Partners | https://www.mysuncoast.com/prnewswire/2022/08/16/housatonic-partners-announces-strategic-growth-investment-key-media/ | 2022-08-16T22:32:32Z |
New Neighborhood French Restaurant Introduces Elevated Vibe Dining in SoHo
NEW YORK, July 25, 2022 /PRNewswire/ -- French restaurant Maison Close is proud to announce its grand opening in SoHo on July 27, 2022. Inspired by the distinct dining culture inherent to France and its celebration of shared spaces, Maison Close will offer an unparalleled vibe dining experience to neighbors and visitors across New York through approachable French cuisine, elevated beverages and a celebratory atmosphere.
Rooted in the French term 'Maison' meaning 'home,' Maison Close was created with the interest of the surrounding neighborhood and its residents in mind. Lining Watts Street, the restaurant brings together the greatest aspects of New York and France, blending two unmistakable cultures to create an incomparable dining experience unlike any other in the city. Building upon the revival of New York City's restaurant industry, Maison Close is a sanctuary for celebration and sophistication in the heart of the beloved SoHo neighborhood. Whether a guest is a native New Yorker or a Parisian traveler searching for a taste of home, Maison Close has created an open yet intimate space for everyone to enjoy.
Those familiar with French culture will note that Maison Close has an alternate meaning, relating to the 'Maison de tolerance" of early 20th century France. Maison Close embraces both connotations of its name, celebrating the importance of community while honoring the historical significance of the French Maison.
Developed in collaboration with DMDesign, Maison Close's thoughtful design concept evokes the utterly French experience of gathering around a table to connect over food. The intentionally open space encourages guests to celebrate the experience of sharing a great meal with one another, creating the collective soul of the restaurant. The interior of the space is reminiscent of the "Belle Epoque" era of 20th century Europe, incorporating vibrant royal blues, warm dark oranges, and gold and brass hardware that modernize the traditional hues associated with the French theatre. Nods to the "Moulin Rouge" can be found throughout the dining room, from the tulip-shaped banquettes to the collection of exposed bulbs lighting the room from overhead, and heavy curtains allow the space to transition from a bright daytime eatery to an enticing evening hideaway.
Under the direction of Executive Chef Geoffrey Lechantoux, the Maison Close menu features a variety of sophisticated yet accessible French dishes ranging from elegant apéritifs to indulgent desserts. Guests will also enjoy a selection of expertly crafted dishes prepared tableside including:
- Belle Sole Meunière pan seared with a butter foam
- Cote de Boeuf served with Choron and Peppercorn sauce
- Crepe Suzette with Grand Marnier flambee
- Other carefully curated dishes include Tartare de Boeuf au Couteau, Artichauts à la Barigoule and La Grande Tour featuring Beausoleil oysters, Australian shrimps, whole Maine lobster, king crab legs and caviar.
The bar program will feature crafted cocktails including Madame Claude with Grey Goose Poire Ginger, lemon and cucumber juice, and rose seltzer, L'Amour en Cage with Remy Martin V, golden berries, lemon juice, sugarcane and egg white, and La Turlutte with Bombay Sapphire Gin, fresh raspberries, meadowsweet cordial, lemon juice, and Moët & Chandon Imperial Champagne as well as a selection of curated wines and champagnes. Guests can stop in for a drink or a nightcap at the luxurious bar with crafted cocktails complemented by style and creativity.
Chef Lechantoux brings his extensive culinary experience to Maison Close following several years working alongside renowned Chefs Alain Ducasse and Gordon Ramsay at multiple Michelin-star and globally recognized restaurants including Louis XV (Monaco), Trianon Palace (Versailles), Plaza Athénée (Paris), Le Jules Verne (Paris) and Benoit (New York).
"When you enter Maison Close, it feels as though you've entered the dining room of your oldest friend," says Chef Lechantoux. "Our menu modernizes the idea of traditional French dining, and I'm excited to bring a fresh take on this classic cuisine to New York City."
Maison Close is located at 15 Watts Street New York, NY 10013. The restaurant will be open Tuesday-Saturday from 11AM – Midnight, and Sunday from 11AM – 7PM. Beginning August 6th, brunch will be served Tuesday-Saturday from 11AM – 6PM and Sunday from 11AM-7PM. Dinner service will begin at 6PM Tuesday-Friday and 7:30PM on Saturday until closing. For more information or reservations, please visit www.maisoncloserestaurant.com or email info@maisoncloserestaurant.com. Guests can follow the restaurant @maisoncloserestaurant on Instagram.
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SOURCE Maison Close | https://www.wibw.com/prnewswire/2022/07/25/maison-close-restaurant-announces-grand-opening-new-york-city/ | 2022-07-25T14:36:02Z |
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