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NEW YORK, May 9, 2022 /PRNewswire/ -- Attention Playstudios, Inc. ("Playstudios, Inc.") (NASDAQ: MYPS) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors. This lawsuit is on behalf of a class consisting of all persons and entities other than defendants who: (a) purchased, or otherwise acquired securities of Playstudios between June 22, 2021 and March 1, 2022, both dates inclusive, including, but not limited to, those who purchased or acquired Playstudios securities pursuant to the offering of the private investment in public equity; (b) held common stock of Acies as of May 25, 2021, and were eligible to vote at Acies' June 16, 2021 special meeting who exchanged their shares of Acies stock for shares of Playstudios stock pursuant to the merger of Acies and Old Playstudios; and/or (c) purchased or otherwise acquired Playstudios common stock pursuant to or traceable to Acies' documents issued in connection with the June 2021 merger.
If you suffered a loss on your investment in Playstudios, Inc., contact us about potential recovery by using the link below. There is no cost or obligation to you.
https://www.wongesq.com/pslra-1/playstudios-inc-loss-submission-form?prid=26898&wire=4
ABOUT THE ACTION: The class action against Playstudios, Inc. includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (i) Playstudios was having significant problems with its flagship game, Kingdom Boss; (ii) Playstudios would not be releasing Kingdom Boss as expected; and (iii) Playstudios had not revised its financial projections to account for the problems it had encountered with Kingdom Boss. As a result of defendants' wrongful conduct, Class members paid artificially inflated prices for their Playstudios securities and suffered substantial losses and damages.
DEADLINE: June 6, 2022
Aggrieved Playstudios, Inc. investors only have until June 6, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent Wong | https://www.wibw.com/prnewswire/2022/05/09/class-action-alert-law-offices-vincent-wong-remind-playstudios-inc-investors-lead-plaintiff-deadline-june-6-2022/ | 2022-05-09T10:01:19Z |
Hudson, Goldschmidt lift Cardinals over D-backs 8-3
By STEVE OVERBEY
Associated Press
ST. LOUIS (AP) — Dakota Hudson pitched six shutout innings, Paul Goldschmidt drove in three runs and the St. Louis Cardinals beat the Arizona Diamondbacks 8-3. St. Louis star Nolan Arenado had two hits after deciding to appeal a two-game suspension from Major League Baseball for his role in a brawl with the Mets on Wednesday. Tommy Edman and Tyler O’Neill drove in two runs each for the Cardinals, who won their second game in a row after a three-game losing streak. Pavin Smith hit a two-run homer for Arizona, which had a two-game winning streak snapped. | https://localnews8.com/sports/ap-national-sports/2022/04/28/hudson-goldschmidt-lift-cardinals-over-d-backs-8-3/ | 2022-04-29T03:46:10Z |
The new feature will save transactional attorneys in law firms hundreds of hours in contract drafting
NEW YORK, July 19, 2022 /PRNewswire/ -- Wolters Kluwer Legal & Regulatory U.S. today announced a collaborative partnership to provide VitalLaw customers with access to Lawgood, a platform that leverages crowdsourced market intelligence to drive efficiency in the contract drafting process. This feature on VitalLaw will be known as VitalLaw Agreement & Clause Builder powered by Lawgood, and will be available on five practice area dashboards across the platform, including Labor & Employment, Human Resources, Intellectual Property, Corporation Law & Governance, and Practice of Law.
With VitalLaw Agreement & Clause Builder powered by Lawgood, users can make pre-selections such as point of view, jurisdiction, and industry, while customizing specific clauses to develop an agreement template tailored to their needs and goals. Unique to the feature, users can see what selections and customizations attorneys in similar situations have made to their own agreements. For example, they can see that 45% of Lawgood users have selected a certain variation of a particular standard clause.
"With VitalLaw Agreement & Clause Builder powered by Lawgood, our customers can benefit from the expertise of the practice attorneys that created the Lawgood agreement templates and customization options," said Ken Crutchfield, Vice President & General Manager of Legal Markets at Wolters Kluwer Legal & Regulatory U.S. "While legal professionals are often limited by cost pressures, adding this feature on VitalLaw will enable attorneys to do more with fewer resources, and we look forward to our customers' feedback on this new tool to enable a higher level of efficiency and productivity."
To access the latest feature, VitalLaw users will be able to link over directly to the Lawgood platform. Not only can users change clause language and favorability based on negotiating position and company, but also tap into crowdsourced market positions and trends, and find content vetted by lawyers from Am Law 100 firms.
"We're very excited to expand our partnership with Wolters Kluwer, a leading provider of legal solutions, in support of their vision to build the next generation of digital legal products," said William Moriarty, CEO and Co-founder of Lawgood. "VitalLaw Agreement & Clause Builder will bring an innovative drafting solution and practical resource to law firms and in-house teams alike."
Lawgood provides a seamless user experience requiring no need for tutorials or onboarding process, and helps lawyers make better contracts through a combination of crowdsourced data and decision support technology. With Lawgood, lawyers can draft and review contracts in minutes without having to rely on time-consuming research or costly practice resources.
To learn more, visit: https://www.wolterskluwer.com/en/solutions/vitallaw-law-firms/vitallaw-agreement-and-clause-builder
About Wolters Kluwer Legal & Regulatory U.S.
Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.
Wolters Kluwer reported 2021 annual revenues of €4.8 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,800 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.
Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).
For more information, visit www.wolterskluwer.com, follow us on LinkedIn, Twitter, Facebook, and YouTube.
MEDIA CONTACT:
Linda Gharib
Director, Brand & Communications
Wolters Kluwer Legal & Regulatory U.S.
Tel: +1 (646) 887-7962
Email: lrusmedia@wolterskluwer.com
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SOURCE Wolters Kluwer Legal & Regulatory U.S. | https://www.kxii.com/prnewswire/2022/07/19/wolters-kluwer-integrates-lawgood-into-vitallaw/ | 2022-07-19T18:17:41Z |
OKLAHOMA CITY, Aug. 10, 2022 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), today reported financial and operating results for the fiscal third quarter ended June 30, 2022.
HIGHLIGHTS FOR THE FISCAL THIRD QUARTER ENDING JUNE 30, 2022
- Averaged oil production of 8.4 MBbls per day, which exceeds the high end of guidance and represents an increase of 24% as compared year-over-year to the fiscal third quarter 2021 and 12% as compared quarter-over-quarter to the fiscal second quarter 2022
- Reported net income of $39 million, which includes $13 million of non-cash gain on derivative contracts and income from operations of $63 million
- Generated $45 million of Adjusted EBITDAX(1) and $44 million of operating cash flow, representing an increase of 29% and 47%, respectively, over the prior quarter
- Incurred total accrual (activity-based) capital expenditures of $34 million and total cash capital expenditures of $37 million
- Paid dividends of $0.31 per share for a total of $6 million
- Reported proved reserves of 79 MMBoe (64% oil) with a standardized measure of future discounted cash flows of $1,046 million
- PV-10 value(1) of total proved reserves and total proved developed reserves of $1,098 million and $807 million, respectively, as of June 30, 2022 based on NYMEX strip pricing
"In the fiscal third quarter, we generated record oil production, revenue and operating cash flow," said Riley Permian Chairman and CEO, Bobby Riley. "Our cash flow benefited from a decreased impact of financial hedges this past quarter, and we see a continuation of that trend for the quarters and year ahead. We are experiencing increased costs like many other companies in our industry, but we are proud of our team's efforts to control costs where we can. Based on the strength of our fiscal third quarter production, and given modest increased activity plans, we are increasing previously released midpoint guidance for oil production for the fiscal fourth quarter by 6% and for the fiscal year by 4%. Related, we are increasing our midpoint guidance for fiscal year capital expenditures by approximately 5%, driven by increased activity and cost increases. We continue to return a substantial portion of our cash flow to shareholders in the form of dividends, and we see opportunity to pay down our debt in the coming quarters, further strengthening our balance sheet."
(1) Non-GAAP financial measure, which is defined and reconciled below.
OPERATIONS AND DEVELOPMENT ACTIVITY UPDATE
Riley Permian averaged oil production of 8.4 MBbls per day for the three months ended June 30, 2022, representing an increase of 24% as compared year-over-year to the fiscal third quarter 2021 and 12% as compared quarter-over-quarter to the fiscal second quarter 2022. The Company averaged total equivalent production of 10.2 MBoe per day for the three months ended June 30, 2022, an increase of 12% as compared to the same period in 2021 and 4% as compared to the prior quarter.
Oil production represented 82% of the total equivalent production for the fiscal third quarter of 2022, which compares to 77% of the total in the fiscal second quarter of 2022 and 74% in the fiscal third quarter of 2021. Such changes are not indicative of changing reservoir properties but rather reflect the impact of curtailed natural gas production. Beginning in February 2022 and continuing through the fiscal third quarter, the Company's primary midstream gas gathering and processing counterparty underwent a temporary curtailment and shutdown of their primary plant as part of an overall capacity expansion project. While the processing plant project was expected, the duration of the curtailment lasted longer than originally anticipated, which negatively impacted sales of natural gas and NGLs during this period and led to lower growth in natural gas and NGL sales volumes as compared to oil sales volumes.
The Company's development activity during the fiscal third quarter included drilling 5 gross (3.0 net) horizontal wells (scheduled for completion in fiscal fourth quarter 2022), turning to sales 5 gross (5.0 net) horizontal wells, drilling and completing 1 gross (1.0 net) saltwater disposal well and preparatory activity for 1 gross (1.0 net) horizontal well to be drilled and completed during the fiscal fourth quarter. This activity corresponds with previously provided guidance, with the exception that 1 gross (1.0 net) well previously planned for completion during the fiscal third quarter was officially completed and brought online during the fiscal fourth quarter, while capital expenditures were incurred for the well completion during the third quarter. Such activity corresponds with $30.8 million in accrual basis drilling, completions and facility capital expenditures, which also includes capitalized workovers, midstream infrastructure and minor additions to land and working interests.
The Company advanced its EOR pilot project in Yoakum County, Texas during the fiscal third quarter, completing an additional three of the remaining five injection wells. Such activity corresponded with $3.6 million of accrual basis capital expenditures for the quarter. Subsequent to quarter end, in July 2022, the Company completed the remaining two injection wells with water injection initiated on all six injection wells.
The Company incurred $34 million in total accrued capital expenditures for the three months ended June 30, 2022, which compares to the Company's previously released guidance of $28 million to $33 million. Overages on accrued capital expenditures compared to the Company's previously released guidance are primarily related to the accelerated timing of the saltwater disposal well drilled during the quarter, in addition to higher costs being realized. During the quarter, the average completed lateral length on the 5.0 horizontal wells turned to sales was approximately 7,100 feet, with drilling and completion costs of approximately $800 per completed lateral foot. The current costs per completed lateral length on similar wells has increased approximately 26% since the start of this fiscal year, with the largest increase being associated with completion costs. On a cash basis, the Company had total capital expenditures of $37 million for the three months ended June 30, 2022.
FINANCIAL RESULTS
For the three months ended June 30, 2022, the Company reported net income of $39 million and operating income of $63 million. The Company generated Adjusted EBITDAX(1) of $45 million, operating cash flow from continuing operations of $44 million and Free Cash Flow(1) of $7 million.
For the nine months ended June 30, 2022 (fiscal year to date), the Company reported net income of $53 million and operating income of $137 million. The Company generated Adjusted EBITDAX(1) of $106 million, operating cash flow from continuing operations of $97 million (inclusive of negative changes in working capital of $2 million) and Free Cash Flow(1) of $22 million. The pattern of the Company's development activity affects cash capital expenditures and may continue to cause fluctuations in Free Cash Flow(1) from quarter to quarter with longer periods more representative of Free Cash Flow(1) generation potential than an individual quarter.
(1) Non-GAAP financial measure, which is defined and reconciled below.
FINANCIAL RESULTS, Continued
Fiscal third quarter 2022 average realized prices, before derivative settlements were $108.41 per barrel of oil, $4.98 per Mcf of natural gas and $34.71 per barrel of natural gas liquids, resulting in a total equivalent price, before derivative settlements, of $94.80 per Boe. The Company benefited from a favorable $1.65 per barrel positive differential to the WTI index for the quarter. Adjusted for derivative settlements, total equivalent price was $66.97 per Boe, corresponding to realized derivative settlement losses of $27.83 per Boe or $25.8 million. The Company reported a $12.4 million loss on derivatives, which includes the $25.8 million loss on settlements and a $13.4 million non-cash gain due to changes in the fair value of derivatives. Total oil and natural gas sales revenue was $88 million for the fiscal third quarter 2022 with $62 million of oil and natural gas sales revenue net of derivative settlements, representing quarter-over-quarter increases of 32% and 28%, respectively, and year-over-year increases of 111% and 83%, respectively. For the quarter, oil revenue represented 94% of total revenue.
Riley Permian's total Cash Costs(1) for the fiscal third quarter of 2022 were $18.2 million, representing an increase of 25% compared to the fiscal second quarter of 2022. Lease operating expense ("LOE") was $8.1 million, corresponding to the low end of guidance and an 18% increase quarter-over-quarter. Workover activity was unusually high during the fiscal third quarter of 2022 with workover expense (a component of LOE) approximately $1.4 million higher than the average of the prior three quarters. Excluding workover expense, LOE was lower than the prior two quarters, despite materially increasing production. Cash G&A expense(1) was $3.9 million, which was at the low end of guidance. Interest expense was $0.7 million, essentially flat with interest expense for the fiscal second quarter of 2022. Production and ad valorem taxes increased 58% quarter-over-quarter as a result of higher commodity prices and an increase in our estimated property values, which increased our ad valorem tax estimate. Accordingly, increases in production and ad valorem taxes accounted for 55% of the total increase in Cash Costs quarter-over-quarter. Excluding production and ad valorem taxes, Cash Costs(1) increased 15% quarter-over-quarter, which is consistent with the 13% quarter-over-quarter increase in oil production.
Riley Permian increased margins significantly for the fiscal third quarter of 2022, as compared to prior periods. Higher production volumes and realized commodity prices more than offset the impacts from the natural gas curtailment, loss on settlements of derivatives and increased Cash Costs(1). Adjusted EBITDAX(1) increased 29% quarter-over-quarter while operating cash flow from continuing operations increased 47% quarter-over-quarter. Compared to the fiscal third quarter of 2021, Adjusted EBITDAX(1) increased by 98% and operating cash flow from continuing operations increased by 113%.
During the fiscal third quarter 2022, the Company paid common dividends of $0.31 per share or $6 million. Subsequent to the quarter end, the Company paid common dividends of $0.31 per share in August 2022.
The Company completed an amendment to its credit facility during the quarter which extended the maturity to April 2026 and increased the borrowing base to $200 million. As of August 8, 2022, we had $61 million drawn and $139 million, or approximately 70%, of availability on the credit facility.
(1) Non-GAAP financial measure, which is defined and reconciled below.
REVISED FISCAL FOURTH QUARTER 2022 OUTLOOK AND GUIDANCE
Based on current market conditions, the Company forecasts drilling 4 gross (3.2 net), completing 7 gross (4.2 net) and turning to production 7 gross (4.2 net) horizontal wells during the fiscal fourth quarter 2022. Additional scheduled activity includes capital workovers and midstream infrastructure. Management forecasts accrual basis capital expenditures related to such development activity of approximately $24 million to $28 million, which also includes estimates for anticipated non-operated drilling and completions, capital workovers, infrastructure, preparatory work for the fiscal 2023 development program and minor additions to land and existing working interests.
The Company forecasts fiscal fourth quarter 2022 oil production to average 8.2 MBbls per day to 8.6 MBbls per day, with the midpoint average representing 21% year-over-year growth. The midstream gas gathering and processing expansion project has been fully commissioned. Following completion of the expansion project in mid July, the Company has realized a larger volume of contractual, firm capacity, which has led to increased sales for natural gas and NGLs and reduced flaring. However, despite the physical and contractual increases in processing capacity, the Company is currently producing natural gas in excess of our contractual minimum processing capacity, which will lead to continued, partial curtailment. Based on estimates of available gas processing capacity, we forecast total equivalent production to average 11.1 MBoe per day to 11.6 MBoe per day for the fiscal fourth quarter.
The Company forecasts fiscal fourth quarter 2022 LOE of approximately $8.0 million to $10.0 million, with the low end corresponding to fiscal third quarter actual results and the high end accounting for costs associated with increased production volumes and inflationary pressures. We forecast Cash G&A expenses(1) for the fiscal fourth quarter of approximately $4.1 million to $4.7 million.
For its EOR pilot project, management forecasts spending approximately $4 million to $6 million of accrual basis capital expenditures in the fiscal fourth quarter related to completion of the remaining injection wells and the CO2 tap installation. Based on anticipated delivery timing of compressors needed for CO2 injection, the Company forecasts beginning CO2 injection during late 2022 (calendar fourth quarter 2022). Approximately $4 million of anticipated, accrual basis capital expenditures for our EOR program, previously estimated to be incurred during fiscal 2022, are now anticipated to be incurred in fiscal 2023.
In total, management forecasts total accrual basis capital expenditures of $28 million to $34 million for the fiscal fourth quarter 2022.
REVISED FISCAL YEAR 2022 OUTLOOK AND GUIDANCE
Incorporating actual, accrual basis capital expenditures to date for the fiscal year, and combined with revised fiscal fourth quarter guidance above, the Company forecasts full-year fiscal 2022 accrual basis capital expenditures to total approximately $109 million to $115 million, with modest upward revisions from previously provided estimates of $102 million to $111 million.
This total includes estimates of $93 million to $97 million for drilling and completions, which compares to previous guidance of $84 million to $89 million. We are forecasting an annual total of 19 gross (15.0 net) wells drilled, completed and brought online during fiscal year 2022. The forecasted capital expenditures include $16 million to $18 million for our EOR program, down from $18 million to $22 million forecasted previously.
We forecast full-year fiscal 2022 oil production to average 7.8 MBbls per day to 7.9 MBbls per day (corresponding to approximately 2.9 MMBbls), representing 22% to 24% growth from fiscal year 2021 average oil production and corresponding with upward revisions from previously provided growth estimates of 17% to 22% during the prior quarter. Further, we forecast that full-year fiscal 2022 total equivalent production could average 10.3 MBoe per day to 10.4 MBoe per day.
(1) Non-GAAP financial measure, which is defined above.
CONFERENCE CALL
Riley Permian management will host a conference call for investors and analysts on August 11, 2022 at 10:00 a.m. CT to discuss the Company's results. Interested parties are invited to participate by calling:
- U.S./Canada Toll Free, (888) 330-2214
- International, +1 (646) 960-0161
- Conference ID number 5405646
An updated company presentation, which will include certain items to be discussed on the call, will be posted prior to the call on the Company's website (www.rileypermian.com). A replay of the call will be available until August 25, 2022 by calling:
- (800) 770-2030 or (647) 362-9199
- Conference ID number 5405646
About Riley Exploration Permian, Inc.
Riley Permian is a growth-oriented, independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas and natural gas liquids. For more information, please visit www.rileypermian.com.
Investor Contact:
Rick D'Angelo
405-438-0126
IR@rileypermian.com
Cautionary Statement Regarding Forward Looking Information
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The statements contained in this release that are not historical facts are forward-looking statements that represent management's beliefs and assumptions based on currently available information. Forward-looking statements include information concerning our possible or assumed future results of operations, business strategies, need for financing, competitive position and potential growth opportunities. Our forward-looking statements do not consider the effects of future legislation or regulations. Forward-looking statements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the words "believes," "intends," "may," "should," "anticipates," "expects," "could," "plans," "estimates," "projects," "targets," "forecasts" or comparable terminology or by discussions of strategy or trends. You should not place undue reliance on these forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties and assumptions. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Although we believe that our plans, intentions and expectations reflected in or suggested by the forward-looking statements we make in this release are reasonable, we can give no assurance that these plans, intentions or expectations will be achieved or occur, and actual results could differ materially and adversely from those anticipated or implied by the forward-looking statements.
Among the factors that could cause actual future results to differ materially are the risks and uncertainties the Company is exposed to. While it is not possible to identify all factors, we continue to face many risks and uncertainties including, but not limited to: the volatility of oil, natural gas and NGL prices; the scope, duration, and reoccurrence of any epidemics or pandemics (including, specifically, the coronavirus disease 2019 ("COVID-19") pandemic and any related variants), including reactive or proactive measures taken by governments, regulatory agencies and businesses related to the pandemic, and the effects of COVID-19 on the oil and natural gas industry, pricing and demand for oil and natural gas and supply chain logistics; regional supply and demand factors, any delays, curtailment delays or interruptions of production, and any governmental order, rule or regulation that may impose production limits; cost and availability of gathering, pipeline, refining, transportation and other midstream and downstream activities; severe weather and other risks that lead to a lack of any available markets; our ability to successfully complete mergers, acquisitions and divestitures; the risk that the Company's EOR project may not perform as expected or produce the anticipated benefits; risks relating to our operations, including development drilling and testing results and performance of acquired properties and newly drilled wells; any reduction in our borrowing base on our revolving credit facility from time to time and our ability to repay any excess borrowings as a result of such reduction; the impact of our derivative strategy and the results of future settlement; our ability to comply with the financial covenants contained in our credit agreement; conditions in the capital, financial and credit markets and our ability to obtain capital needed for development and exploration operations on favorable terms or at all; the loss of certain tax deductions; risks associated with executing our business strategy, including any changes in our strategy; inability to prove up undeveloped acreage and maintain production on leases; risks associated with concentration of operations in one major geographic area; legislative or regulatory changes, including initiatives related to hydraulic fracturing, emissions, and disposal of produced water, which may be negatively impacted by regulation or legislation; the ability to receive drilling and other permits or approvals and rights-of-way in a timely manner (or at all), which may be restricted by governmental regulation and legislation; risks related to litigation; evolving geopolitical and military hostilities in other areas of the world; and cybersecurity threats, technology system failures and data security issues. Additional factors that could cause results to differ materially from those described above can be found in Riley Permian's Annual Report on Form 10-K for the year ended September 30, 2021 filed with the SEC and available from the Company's website at www.rileypermian.com under the "Investor" tab, and in other documents the Company files with the SEC.
The forward-looking statements in this press release are made as of the date hereof and are based on information available at that time. The Company does not undertake, and expressly disclaims, any duty to update or revise our forward-looking statements based on new information, future events or otherwise.
Cautionary Statement Regarding Guidance
The estimates and guidance presented in this release are based on assumptions of current and future capital expenditure levels, prices for oil, natural gas and NGLs, available liquidity, indications of supply and demand for oil, well results, and operating costs. The guidance provided in this release does not constitute any form of guarantee or assurance that the matters indicated will be achieved. While we believe these estimates and the assumptions on which they are based are reasonable as of the date on which they are made, they are inherently uncertain and are subject to, among other things, significant business, economic, operational, and regulatory risks, and uncertainties, some of which are not known as of the date of the statement. Guidance and estimates, and the assumptions on which they are based, are subject to material revision. Actual results may differ materially from estimates and guidance. Please read the "Cautionary Statement Regarding Forward-Looking Information" section above, as well as "Risk Factors" in our annual report on Form 10-K and our quarterly reports on Form 10-Q, which are incorporated herein.
Cautionary Statement Regarding Reserves
The reserves information as of June 30, 2022 in this press release, including standardized measure of future discounted cash flows and PV-10 value are preliminary estimates that have not been audited or reviewed by Netherland, Sewell & Associates, Inc. or BDO USA, LLP and are subject to material revision. These are estimates that should not be regarded as a representation. Investors should not place undue reliance on these estimates.
Source: Riley Exploration Permian, Inc.
OIL, NATURAL GAS AND NGL RESERVES
The Company prepared estimates of reserves using an average price equal to the unweighted arithmetic average of the first day of each month within the 12-month period ended June 30, 2022 of $85.82 per Bbl for oil and $4.13 per Mcf for gas in accordance with SEC guidelines. The Company also prepared estimates of proved reserves as of June 30, 2022 using NYMEX pricing. Netherland, Sewell & Associates, Inc. ("NSAI") is the Company's third-party reservoir engineer, which prepares estimates of the Company's proved reserves annually as of its fiscal year-end, in accordance with the rules and regulations of the SEC. NSAI has not reviewed our proved reserves at June 30, 2022 using SEC or NYMEX pricing. A summary of these internal estimates as of June 30, 2022 is presented below.
OIL, NATURAL GAS AND NGL RESERVES, Continued
Estimates of reserves were prepared using an average price equal to the unweighted arithmetic average of the first day of each month within the 12-month period ended September 30, 2021 of $57.64 per Bbl for oil and $2.94 per Mcf for gas in accordance with SEC guidelines. Additionally, the Company prepared estimates of proved reserves as of September 30, 2021 using NYMEX pricing. The table below presents a summary of our proved reserves as of September 30, 2021.
Reserve estimates above do not include any value for probable or possible reserves that may exist, nor do they include any value for undeveloped acreage. The reserve estimates represent our net revenue interest in our properties, all of which are located within the continental United States. NYMEX pricing does not comport with the reporting requirements of the SEC and should not be used as a substitute for or compared with estimates of proved reserves using SEC pricing.
DERIVATIVE CONTRACTS
The following table summarizes the open financial derivatives as of August 8, 2022, related to oil and natural gas production. Derivative positions in the table for calendar Q3 2022 are as of June 30, 2022(1).
NON-GAAP MEASURES
The Company presents certain non-GAAP financial measures to supplement its financial statements prepared in accordance with accounting principles generally accepted in the United States ("GAAP"). The non-GAAP financial measures include Adjusted Net Income, Adjusted EBITDAX, Cash G&A, Cash Costs and Cash Margin per Boe, Free Cash Flow and PV-10. A reconciliation of each non-GAAP measure to the most directly comparable GAAP financial measure is presented below.
We believe that these non-GAAP measures presented, in conjunction with our financial and operating results prepared in accordance with GAAP, provide a more complete understanding of the Company's performance. We use these non-GAAP measures to compare our financial and operating performance with that of other companies in the oil and natural gas industry as well as our financial and operating performance for current and historical periods. These non-GAAP measures should not be considered in isolation or as a substitute for GAAP measures, such as net income (loss), operating income (loss), total costs and expenses, general and administrative expenses, net cash provided by operating activities or standardized measure of discounted future net cash flows or any other GAAP measure of financial position or results of operations.
As not all companies use the same calculation, our non-GAAP measures may not be comparable to similarly titled measures presented by other companies.
Adjusted Net Income: We define Adjusted Net Income as net income (loss) plus loss on discontinued operations, non-cash (gain) loss on derivatives, transaction costs and other, income tax expense related to our change in tax status and the changes in estimated income tax as a result of these adjustments. We believe that Adjusted Net Income is a widely followed measure of operating performance and is one of many metrics used by investors as well as our management team. For example, Adjusted Net Income can be used to assess our operating performance and return on capital in comparison to other independent exploration and production companies without regard to financial or capital structure and to assess the financial performance of our assets and our company without regard to capital structure or historical cost basis. The following table provides a reconciliation of Net Income (Loss) to Adjusted Net Income for the periods indicated:
Adjusted EBITDAX: We define Adjusted EBITDAX as net income (loss) adjusted for loss on discontinued operations, exploration costs, depletion, depreciation, amortization and accretion, equity-based compensation expense, interest expense, non-cash (gain) loss on derivatives, income taxes and transaction costs and other. We believe Adjusted EBITDAX is useful to investors because it provides an effective way to evaluate our operating performance and compare the results of our operations from period to period as well as to other companies in the oil and natural gas industry without regard to our financing methods or capital structure. The following table provides a reconciliation from the GAAP measure of Net Income (Loss) to Adjusted EBITDAX.
Cash G&A: Cash G&A is defined as general and administrative expense, excluding equity-based compensation, plus cost of contract services–related parties less contract services–related parties revenue. We believe Cash G&A is used by analysts and others in valuation, comparison and investment recommendations of companies in our industry to allow for analysis of Cash G&A spend without regard to equity-based compensation programs or amounts related to contract services. Administrative costs exclude equity-based compensation as those expenses are presented separately as components of general and administrative expense on our condensed consolidated statement of operations. The following table provides a calculation of Cash G&A for the periods indicated:
Cash Costs and Cash Margin per Boe: Cash Costs is a non-GAAP financial measure that we use as an indicator of our total cash-based cost of production and operations. We define Cash Costs as lease operating expenses plus production and ad valorem taxes, Cash G&A(1), and interest expense. Management believes that Cash Costs is an important financial measure for use in evaluating the Company's operating and financial performance and for comparison to other companies in the oil and natural gas industry. We also believe this is a useful measure for investors in evaluating our results against other oil and natural gas companies. Cash Costs should be considered in addition to, rather than as a substitute for, Total Costs and Expenses on our condensed consolidated statement of operations. The following table provides a calculation of Cash Costs and Cash Margin for the periods indicated:
Free Cash Flow: Free Cash Flow is a measure that we use as an indicator of our ability to fund our development activities and generate excess cash for other corporate purposes. We define Free Cash Flow as Net Cash Provided by Operating Activities, before changes in working capital and reduced by capital expenditures before acquisitions. Free Cash Flow should be considered in addition to, rather than as a substitute for, net cash provided by operating activities as a measure of our liquidity. The following table provides a reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow for the periods indicated:
PV-10: PV-10 is derived from the standardized measure of discounted future net cash flows ("Standardized Measure"), which is the most directly comparable financial measure under GAAP. PV-10 is a computation of the Standardized Measure on a pre-tax basis. PV-10 is equal to the Standardized Measure at the applicable date, before deducting future income taxes, discounted at an annual rate of 10%, determined in accordance with GAAP. We believe that the presentation of PV-10 is relevant and useful to investors because it presents the discounted future net cash flows attributable to our estimated net proved reserves prior to taking into account future corporate income taxes, and it is a useful measure for evaluating the relative monetary significance of our oil and natural gas properties. We believe that securities analysts and rating agencies use PV-10 in similar ways. Further, investors may utilize the measure as a basis for comparison of the relative size and value of our estimated reserves to other companies. We use this measure when assessing the potential return on investment related to our oil and natural gas properties. PV-10, however, is not a substitute for the Standardized Measure. Our PV-10 and the Standardized Measure do not purport to present the fair value of our estimated oil and natural gas reserves.
The following table provides a reconciliation of the Standardized Measure to PV-10 of the Company's estimated total proved reserves as of June 30, 2022 and September 30, 2021:
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SOURCE Riley Exploration Permian, Inc. | https://www.wibw.com/prnewswire/2022/08/10/riley-permian-reports-fiscal-third-quarter-2022-financial-operating-results/ | 2022-08-10T20:57:07Z |
BERLIN, Conn., Aug. 1, 2022 /PRNewswire/ -- Breckenridge Pharmaceutical, Inc. announces today that the U.S. Food and Drug Administration has granted approval of its Abbreviated New Drug Application for Cabazitaxel Intravenous Powder (generic for Jevtana Kit®). This product was developed in collaboration with Natco Pharma Limited. Breckenridge received final approval for the 60mg/1.5mL (40mg/mL) strength. Breckenridge and Natco are unable to make further comment regarding the launch date for the product, as that is confidential and cannot be disclosed at this time. According to industry sales data, Jevtana Kit generated annual sales of $303 million during the twelve months ending May 2022.
About Breckenridge:
Breckenridge Pharmaceutical, Inc., a subsidiary of Towa Pharmaceutical (Osaka, Japan), partners with manufacturers nationwide and around the world to bring quality, cost-effective generic pharmaceuticals to U.S. patients. With our dedication to customer service, on-time delivery, reliable supply and quality manufacturing, we strive to impact the health of the patients we and our customers serve.
www.bpirx.com
About Natco:
Natco Pharma Limited is a global generic pharmaceutical research, development, manufacturing and marketing company. The company was established in 1981 in India. Natco supplies pharmaceutical products to over 50 countries across the globe, including the United States. Natco focuses on the development and manufacturing of oncology and other specialty pharmaceuticals.
www.natcopharma.co.in
For further information, please contact:
Breckenridge Pharmaceutical, Inc.
Robert Gasparino, Associate Vice President – Business Development
Tel: 860-828-8140
E-mail: rgasparino@bpirx.com
*All brand names and trademarks are the property of their respective owners.
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SOURCE Breckenridge Pharmaceutical, Inc. | https://www.wibw.com/prnewswire/2022/08/01/breckenridge-announces-approval-its-anda-cabazitaxel-intravenous-solution-generic-jevtana-kit/ | 2022-08-01T22:25:48Z |
DALLAS, July 13, 2022 /PRNewswire/ -- TDIndustries is pleased to introduce BrightBlue™, an automated fault detection and diagnostics solution that optimizes commercial building systems' reliability and performance to conserve energy and resources, ensure consistent occupant comfort and extend equipment life.
"In recognizing our customers' growing demand for data-driven building operations solutions, we're adding smart building capabilities to our proven Building Automation and Controls, Service and Facilities and new construction offerings throughout the Southwest," says CEO Harold MacDowell.
BrightBlue™ gives building operations teams a way to:
Connect and collect data from a facility's central plant and HVAC systems, meters, sensors and the Building Automation System.
Model and simulate equipment operations. Real-time performance data is monitored through a customizable dashboard.
Analyze and diagnose continuously to optimize efficiencies and performance.
Prioritize and act to address comfort, energy usage and equipment reliability to best serve organizations' goals with data-driven decisions.
TDIndustries implements BrightBlue™ across industries, including for schools and universities, health care centers, data centers, office buildings and more. It's compatible with multiple software platforms and critical equipment systems and backed by TD's 75-plus years of engineering, construction, technology and building operations expertise.
For a higher education customer, BrightBlue™ detected 62 diagnostic faults in the first three months of implementation. With low or no-cost solutions, the system will save the organization an estimated $84,000 per year in energy costs, among other benefits.
"TD values its longstanding relationships with building owners and other customers, and the customizable BrightBlue™ smart buildings solution is a direct result of listening to and addressing our client's needs with innovative, data-driven solutions," MacDowell adds.
Celebrating 75 years of servant leadership and excellence, TDIndustries, Inc. is the premier facilities service and mechanical construction company serving the Southwest. TD has been finding solutions for customers' needs with innovative ideas and cost-saving solutions since 1946. With offices in Arizona, Colorado and Texas, TD is well-positioned to meet customers' needs and exceed their expectations on any project regardless of size, complexity, or location, within budget, and on time. For more information, visit TDIndustries.com.
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SOURCE TDIndustries | https://www.wibw.com/prnewswire/2022/07/13/tdindustries-introduces-brightblue-smart-buildings-solution/ | 2022-07-13T15:41:50Z |
1 runner killed in crash at race in North Carolina
LINVILLE, N.C. (WBTV/Gray News) - Multiple people were injured and one killed after an accident involving a vehicle on Thursday night at Grandfather Mountain.
According to Avery County EMS, a woman was killed and at least three other runners were injured when they were hit by a van.
Participants were preparing to run “The Bear” footrace when the crash occurred shortly after 7 p.m. at the intersection of U.S. 221 and N.C. Highway 105.
Runners had been lined up at the starting line and were scheduled to run five miles to the top of Grandfather Mountain.
State police are handling the investigation. Officials told WBTV they believe the crash was a “terrible accident.”
The race was part of the Grandfather Mountain Highland Games and was immediately canceled following the incident.
“On behalf of myself and the entire Grandfather Mountain Highland Games organization and family, we are deeply saddened by tonight’s devastating event and extend our condolences to those affected,” Grandfather Mountain Highland Games President Steve Quillin said.
The remaining Highland Games activities will continue as planned, according to a Facebook post.
Copyright 2022 WBTV via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/07/08/1-runner-killed-crash-race-north-carolina/ | 2022-07-08T11:17:38Z |
Services for Bobby “Coach” Dale Peschel, 74, of Salado will be 2 p.m. Saturday at Heights Baptist Church in Temple.
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Services for Bobby “Coach” Dale Peschel, 74, of Salado will be 2 p.m. Saturday at Heights Baptist Church in Temple.
Burial will be 11 a.m. Monday in Brown Cemetery in Kerrville.
Mr. Peschel died Friday, Sept. 2.
He was born June 12, 1948, in Kerrville to Gottfried and Bonnie Peschel. He graduated from Southwest Texas State University. He worked as head golf coach at Salado ISD and retired in 2013.
Survivors include his wife, Linda K. Peschel of Salado; two daughters, Jennifer Cheatham of Texarkana and Ashley Howard of Jarrell; a son, Robert Peschel of Rogers, Ark., a brother, Jimmie Peschel of Kerrville; and six grandchildren.
Memorial may be made to the American Cancer Society.
Visitation will be 4-6 p.m. Friday at Scanio-Harper Funeral Home in Temple. | https://www.tdtnews.com/obituaries/article_d0f0922a-2e5f-11ed-8dd9-e3676ad9f09c.html | 2022-09-07T06:40:36Z |
More than 60% of Gen Z and Millennials are interested in financial products from their favorite brands with gaming, home fitness and fashion topping the list
SAN FRANCISCO, July 12, 2022 /PRNewswire/ -- Bond Financial Technologies Inc., the leading embedded finance platform, and Cornerstone Advisors, a leading consulting firm, unveiled a first-of-its-kind study today that examines what consumers want from embedded finance. Replacing assumptions with facts, the research shows consumers want financial products from their favorite brand names, such as Apple, Gucci, and PlayStation, because they trust these brands and expect to benefit from cost and time savings.
A study of 2,555 adult Americans, The Flywheel Effect: How Embedded Finance Can Help Brands Generate Millions In Revenue And Increase Customer Loyalty, shows strong demand for financial products offered by non-financial companies, especially among brand loyalists and frequent users of those products.
- Gamers go gung-ho over rewards, in-game commerce. Nearly 8 in 10 (79%) of gamers for whom PlayStation is their favorite brand are interested in a credit card that will reward them for in-game purchases. Additionally, 75% of all gamers are interested in an in-game account where they could deposit money and use it to buy and sell virtual in-game items and collect rewards for game achievements or progress.
- Fitness and finance team up for health. Two-thirds of home fitness fans — who use apps and devices like Apple Watch, Fitbit and Peloton — expressed interest in health insurance from home fitness providers with rates based on their personal fitness habits.
- Fashion aficionados want to be financially savvy. Nearly two-thirds of fashion aficionados would consider getting an investment account from a luxury brand that allowed them to easily invest in that company's stock, crypto and other assets. Additionally, 68% of enthusiasts of Coach, the top-named luxury brand, said they would be interested in such an account.
"This research validates what we've been hearing from our customers and prospects — people want to consume financial services as part of their daily lives from their favorite brands, not just banks," said Roy Ng, CEO and co-founder of Bond and the sponsor of the research. "In particular, we are seeing embedded credit products becoming even more relevant to people's everyday lives, especially as we head into a more volatile macroeconomic environment."
Brands may want to put financial services at the top of their strategic planning list for 2023. Consumers who access financial services directly from brands say that they now spend more money with the brand than they did before (32%) and that they regularly choose that brand over their competitors (30%). The potential big winners vary by category but include Amazon, Apple, Chanel, Chevrolet, Coach, CVS, Fitbit, Ford, Gucci, The Home Depot and Walgreens.
In fact, 64% of both Gen Z and Millennials, and 60% of Gen Xers, are interested in accessing an average of 15 different financial products from brands compared with just 42% of Boomers. The top reasons cited among all respondents are cost less for the financial product (81%), like and/or trusts the company (61%) and make using the financial product more convenient (58%).
Looking at the home improvement space, half of do-it-yourselfers are interested in having an account that automatically sets aside money to save for large home improvement projects from their favorite store. The Home Depot is the most popular in this category, cited by 49% of consumers. Among these, 53% said they are interested in securing a home equity loan directly from the company. If even 5% of Home Depot's customers took out a $40,000 home equity loan (the average HELOC amount according to Cornerstone Advisors' benchmark database), the company would be managing $54.4 billion in loans.
"We titled this report 'The Flywheel Effect' for a reason," explained Ron Shevlin, Chief Research Officer at Cornerstone and the study's author. "The embedded finance product makes money for the brand and generates even more revenue by turning customers into loyalists who spend more and more over time. The potential for a brand is massive."
- Download the Cornerstone Research report
- Step-by-step technical guide to building consumer secured charge cards
Cornerstone Advisors conducted The Flywheel Effect: How Embedded Finance Can Help Brands Generate Millions In Revenue And Increase Customer Loyalty study with 2,555 U.S. consumers between October 5, 2021 and October 18, 2021. The margin of error is +/-1.81%.
Bond enables any company to become a fintech. Through Bond's full-stack embedded finance platform, customers can offer personalized and compliant financial products to their end users, with a focus on high value-add products such as consumer and commercial charge cards. Bond was founded in 2019 by industry veterans from Blackrock, Goldman Sachs, SAP, SoFi, and Twilio, with deep roots in financial services, technology and enterprise software. Bond is a remote-first company, with office locations in San Francisco (HQ), New York City and Salt Lake City. Visit http://www.bond.tech to learn more.
Cornerstone Advisors, a management and technology consulting firm, brings innovative insights and strategic execution to banks, credit unions and fintechs, helping them reach the next level of performance.
Jill Reed, Sift Communications: bond@siftpr.com
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SOURCE Bond Financial Technologies, Inc. | https://www.wibw.com/prnewswire/2022/07/12/new-study-bond-cornerstone-reveals-majority-americans-want-buy-financial-products-brand-names-not-banks/ | 2022-07-12T13:41:16Z |
CHANGZHOU, China, May 18, 2022 /PRNewswire/ -- Trina Solar has once again been placed as a "Top Performer" 2022 among global PV module manufacturers by PV Evolution Labs (PVEL), a world-renowned third-party reliability testing laboratory, after months of rigorous testing. This is the eighth recognition in a row, making Trina Solar the solar company with the most wins. It highlights Trina Solar's commitment to excellent quality consistency, high reliability and outstanding safety of its modules. Test results published by PVEL show that the ultra-high power 210mm Vertex modules, 670W in particular, have achieved the best performance in the Product Qualification Program (PQP) test sequences.
PVEL evaluates PV modules every year with reliability and quality parameters that are significantly more rigorous than the IEC standard. It also publishes the PV Module Reliability Scorecards on a yearly basis, providing the solar industry with independent, consistent reliability and performance benchmarking data.
The PQP includes test sequences for thermal cycling, damp heat, backsheet durability, and mechanical stress. The damp heat test duration and thermal cycles are twice the IEC standard requirement or even more. The new Mechanical Stress Sequence (MSS) combines tests for static mechanical load, 1,000 cycles of dynamic mechanical load, 50 thermal cycles and 10 cycles of humidity freeze. Modules passing the PVEL-PQP tests naturally meet reliability requirements in a variety of extremely demanding environments.
According to this year's reliability and performance test results of PVEL, the Vertex modules of Trina Solar, from the Vertex S 410W for residential scenario to the 600W+ ultra-high-power modules for large ground mounted power plants, have shown excellent reliability in all rigorous PQP tests.
In particular, the ultra-high-power Vertex 670W modules have achieved top performance in the PQP sequences for damp heat, thermal cycling, potential-induced degradation, LeTID sensitivity, and MSS. This means that the modules have excellent reliability and performance in harsh climate regions with high temperature, high humidity, and large temperature fluctuations.
Notably, the MSS test results demonstrate almost no micro-cracks occurred in the BOMs tested for Trina Solar's bifacial 670W modules, and the power degradation was less than 2%. In summary, Trina Solar's ultra-high power modules in large format meet the Top Performer criteria defined by PVEL, maintain top performance and ensure mechanical reliability.
"On behalf of the entire PVEL team, I congratulate Trina Solar for achieving excellent test results on their 210 mm modules and being named as a PVEL Scorecard Top Performer for a record-setting eight consecutive years," stated Tristan Erion-Lorico, VP of Sales and Marketing at PVEL. "Of particular note is Trina Solar's Vertex 600W+ bifacial modules, which achieved Top Performer status in all five reliability tests. This is just the latest example of Trina Solar's ability to manufacturer reliable modules over the past many years."
Helena Li, President of Cell and Module Business, Trina Solar, commented: 'PVEL is the world's leading PV module reliability testing laboratory, which provides independent performance data. We are proud to be recognized as a PVEL Top Performer for the eighth consecutive PV Module Reliability Scorecard. Trina's consistent and exemplary performance in PVEL's rigorous independent testing are accepted by the market as clear evidence of our longstanding commitment to product quality. We believe PVEL's this testing result is of great value to solar project developers, financiers, and asset owners and operators around the world.'
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SOURCE Trina Solar Co., Ltd | https://www.wibw.com/prnewswire/2022/05/18/vertex-670w-modules-achieve-excellent-results-pvel-reliability-test-trina-solar-wins-its-eighth-consecutive-top-performer/ | 2022-05-18T11:05:18Z |
LONDON, Sept. 13, 2022 /PRNewswire/ -- Benivo, the leading end-to-end employee mobility management platform, today announced a $12 million funding round led by Updata Partners, a growth equity investment firm focused on business-to-business software. With this new capital, Benivo will grow its teams in the US, UK, Armenia, and India, and continue to expand its unified mobility solution to address the industry's key pain points.
Benivo provides a software platform for Mobility teams at the world's largest companies to manage their globally mobile workforce and programs. The Benivo Global Mobility Management Platform allows customers to manage HR-Employee-Vendor processes, power any type of relocation policy (VIP, core flex, lump sum, managed service, and more), and quickly and cost effectively execute employee and vendor payments. As an industry innovator, Benivo recently released an unlimited cost estimates solution, powered by Vialto Partners, which adds AI-powered expense reimbursement to its product suite.
Benivo is on a mission to help Global Mobility leaders provide more value to their organization by leveraging purpose-built software and industry data. With Updata's investment, Benivo will accelerate customer acquisition and continue to provide cutting edge technology to Mobility teams around the world.
"Benivo's success to date is the result of outstanding technology and a capital-efficient operating mindset. Benivo has established themselves as the leader in the Mobility software space, and we are thrilled to be partnering with them to help capture the exciting opportunity ahead," said Braden Snyder, Partner at Updata Partners. Braden will join the Benivo Board of Directors as part of this transaction.
Nitzan Yudan, Benivo CEO said "This is an exciting moment for Benivo that recognizes our hyper-growth in the last 2 years. I would like to express a special thank you to the Benivo Changemakers, Benivo employees, and our clients for their trust, advice, commitment and support to bring us here. This is an important milestone, and we are just starting!"
Join Benivo and Updata Partners for a special episode of The View From The Top Show, hosted by Benivo Strategy Director Brian Friedman to discuss this investment on September 21st, 2022. Brian Friedman is a long-term industry veteran. He founded the Forum for Expatriate Management and now hosts Global Mobility's most popular live broadcast show every Wednesday at 8am Pacific, 11am Eastern, 4pm UK.
Benivo is growing fast and is recruiting. Join us.
Benivo is an end-to-end, single platform solution for Global Mobility teams to manage their global mobile workforce, manage the HR-Employee-Vendor processes, power any/every employee policy from VIPs to core-flex, lump sum, and managed services, and execute global payments to employee and service providers faster and cheaper than the competition. Serving the global fortune 1000 since 2011, Benivo has a client NPS of 70, client employee experience improvement >50%, and has earned 11 industry awards including multiple wins for best technology in Global Mobility. Among its clients are Google, General Electric, Bayer, CGI, and Wayfair.
Website | LinkedIn
Updata Partners is a leading technology-focused growth equity firm in Washington D.C. with over $1.5 billion in committed capital. Led by an investment team averaging more than 25 years of technology experience, Updata invests in high-growth B2B software and software-driven businesses where the combination of capital and operating experience will help accelerate success. .
Contacts
Nitzan Yudan, CEO, Benivo HQ, London, UK
LinkedIn
Matthew Chic, CCO, Benivo USA, San Francisco, CA
LinkedIn
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SOURCE Benivo | https://www.kxii.com/prnewswire/2022/09/14/benivo-raises-12-million-updata-partners-accelerate-growth/ | 2022-09-14T13:00:29Z |
Brings Farm-Fresh and USDA Certified Organic Hay Directly to Homes of Small Pet Owners
ELLENSBURG, Wash., June 16, 2022 /PRNewswire/ -- Andy by Anderson Hay™, a newcomer to the small pet market delivering farm-fresh hay for rabbits, guinea pigs and other small pets, expands its U.S. presence by launching a new ecommerce website, Andy.pet, introducing small pet owners to its high-quality hay and all-natural products. Since 2022, Andy has been selling its USDA certified organic and natural Timothy hay, alfalfa, bedding and other products through its online store and third-party online channels, principally Amazon.
For three generations spanning more than 50 years, the Anderson family has been feeding the world's most important animals with its farm-fresh hay from the Pacific Northwest. Now the leading U.S. exporter of premium hay and straw products continues its pioneering spirit by offering its hay directly to the homes of small pet owners. All production and packaging is handled by Andy's sister company, Anderson Hay & Grain.
"Andy is a family business that takes great pride in each box we fill," said Mark Anderson, CEO of Andy by Anderson Hay™ and Anderson Hay & Grain. "Andy's product line is supported by generations of knowledge in the hay business globally. We have deep experience in meeting the needs of the most stringent hay buyers around the world. It will be hard to find another supplier with deeper roots in both hay knowledge and customer service passion."
All-sustainable and eco-friendly, Andy aims to nourish small pets with fresh, small batch forage, made the way nature intended. Product offerings include natural Timothy hay (1st and 2nd cutting), organic Timothy hay (1st and 2nd cutting), natural alfalfa, alfalfa pellets, wood shavings bedding and pellet bedding. Further differentiating the brand are the farm-to-feed Andy-Pak Feeder Boxes™, which contain Timothy 1st and 2nd cuttings or USDA organic 1st cutting Timothy hay compressed in a 1.5-pound feeder box, which is convenient and mess free for feeding small pets.
"We're really excited about the dedicated team we put together focused on providing the best packaging for small animals," said Michael Anderson, WA Division Operations Manager for Anderson Hay & Grain and a fourth-generation Anderson working in the family business.
Spearheading Andy's social media strategy is 23-year-old Molly Anderson, another fourth-generation Anderson, who always wanted to carry on the family legacy, but wanted to leave a different footprint. She envisioned the Andy brand because she "didn't want to leave any four-legged friends behind."
"Andy is relatable, understanding and a safe place for people to trust that their pet will be taken care of," said Molly Anderson, Social Media & Communications Manager. "Andy isn't just another feed store, Andy is a family."
Valtech, a global digital agency focused on business transformation, was responsible for conceptualizing Andy's authentic, youthful and wholesome branding, as well as company's verdant logo: rising above the 'N' in Andy are bunny ears with Andy's tagline, 'Fresh from the farm, naturally.' Andy's products are now available at Andy.pet and Amazon.
Andy by Anderson Hay specializes in selling high-quality USDA certified organic and natural Timothy hay, alfalfa, bedding, and other food for rabbits, guinea pigs and the small pet market online. For three generations spanning more than 50 years, the Anderson family has been feeding the world's most important animals from its happy fields in the Pacific Northwest. In 2021, Andy by Anderson Hay established a presence in the U.S. market, the vision of the families fourth generation, offering fresh, small batch forage, directly from its fields to the doorsteps of small pet owners. Known for its consistency and quality of hay year round, Andy aims to nourish small pets with all-natural hay, providing furry friends with a taste of the fresh-from-the-source farm life. Andy by Anderson Hay, headquartered in Ellensburg, Washington, sells its sustainable and eco-friendly products through its online store and third-party online channels, principally Amazon. To learn more, visit www.Andy.pet, and follow @andybyandersonhay on Facebook and Instagram.
Contact:
Andy by Anderson Hay: Molly Anderson, Social Media & Communications Manager, at (844) 563-7538 or molly@andy.pet
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SOURCE Andy by Anderson Hay | https://www.kxii.com/prnewswire/2022/06/16/andy-by-anderson-hay-launches-ecommerce-site-small-pet-market/ | 2022-06-16T13:37:37Z |
SUNSET PARK, Brooklyn (PIX11) — Ten people were shot and 13 others were injured in a Brooklyn subway station attack Tuesday morning, NYPD Commissioner Keechant Sewell confirmed at an NYPD presser Tuesday evening.
On a northbound train just before 8:25 a.m., a man put on a gas mask, pulled out a canister and opened fire as smoke filled the train, Sewell said.
Seven men and three women were shot by the suspect, who fired his weapon 33 times, officials said. He used a Glock 9mm handgun with an extended magazine.
A person of interest, 62-year-old Frank R. James, was named in connection with the attack. He is not a suspect at this time.
Five of the victims were in critical condition. Aside from gunshot wounds, other injuries included smoke inhalation and injuries from shrapnel.
The incident was not being investigated as a terror attack, officials said. None of the injuries were life threatening.
FDNY said a call came in at around 8:27 a.m. for smoke coming in the 36th Street subway station in Sunset Park. Upon arrival, responders found the victims and several undetonated devices at the same location.
Three patients are being treated at Methodist Hospital, according to PIX11’s Anthony DiLorenzo. A woman sustained a gunshot wound to the back and the other two sustained a leg and head injury, respectively.
David Koeppel, the on-site contact for NYU Langone Hospital-Brooklyn, told PIX11’s Rebecca Solomon that 20 patients made their way to the hospital for treatment; all were in stable condition.
Koeppel added the patients came into the hospital throughout the morning for minor injuries including smoke inhalation. Those did not suffer gunshot wounds or injuries from shrapnel.
In addition to the weapon, a hatchet, three extended magazines, fireworks and liquid believed to be gasoline, police also recovered a UHaul van key at the scene. That key led them to the person of interest, James, who reportedly rented the van in Philadelphia.
Officials said the suspect was seen leaving wearing a neon construction vest and a gas mask. Police described the suspect as weighing 160 to 200 pounds and 5 feet, 5 inches tall.
Police said there were no active explosive devices left at the scene.
New York City Mayor Eric Adams was not at the scene. He was recently diagnosed with COVID.
“We will not allow New Yorkers to be terrorized, even by a single individual,” he said. “The NYPD is searching for the suspect at large and we will find him. We ask the public to come forward with any information that may help us in this investigation.”
Adams, a Democrat a little over 100 days into his term, has made cracking down on crime — especially on the subways — a focus of his early administration, pledging to send more police officers into stations and platforms for regular patrols. It wasn’t immediately clear whether officers had already been inside the station when the shootings occurred.
According to an NYPD official, officers were not in the station before the attack unfolded. He said officers had “patrolled” the station earlier in the morning, but were not in the station when the violence began.
Police are also investigating why MTA surveillance cameras appeared to not be working at the station.
Warning: The video below contains graphic footage that may be disturbing to some.
DRAMATIC VIDEO: Multiple people were shot at the 36th street subway station in Brooklyn Tuesday morning, officials said. MTA said police are sweeping all of South Brooklyn as they continue to search for the suspect. pic.twitter.com/15xqGbcayM
— PIX11 News (@PIX11News) April 12, 2022
This is a developing story; check back for updates.
Submit tips to police by calling Crime Stoppers at 1-800-577-TIPS (8477), visiting crimestoppers.nypdonline.org, downloading the NYPD Crime Stoppers mobile app, or texting 274637 (CRIMES) then entering TIP577. Spanish-speaking callers are asked to dial 1-888-57-PISTA (74782). | https://cw33.com/news/brooklyn-subway-station-shooting-10-shot-at-least-20-injured-officials-say/ | 2022-04-12T23:55:07Z |
Hundreds of pro and amateur players and 4,000+ spectators expected; tournament will be broadcast live on the Tennis Channel
SAN CLEMENTE, Calif., June 6, 2022 /PRNewswire/ -- Prize money totaling $133,000 is on the line as thousands of professional pickleball players and fans descend upon Life Time Rancho San Clemente for the Select Medical Orange County Cup pickleball tournament from June 9th through June 12th.
Hundreds of amateur and professional pickleball players are expected to take part in the tournament. And more than 4,000 spectators will be in attendance to watch some of the best players in the world compete in America's fastest-growing sport. The tournament
s organized by the
(PPA) and will be broadcast live on the Tennis Channel, YouTube, and PPA social media.
The tournament will feature:
- Top pickleball professionals from around the world, including Canada, Mexico, Brazil, Slovenia, Russia, Slovakia, France, Germany, Israel, and the Czech Republic
- A mother-daughter team, Leigh Waters and Anna Leigh Waters (A top three female professional pickleball player at only 15 years old)
- A brother-brother team, Ben Johns (World #1) and Collin Johns (World #5)
The tournament will be played at Life Time's premier Rancho San Clemente destination featuring eight pickleball courts and idyllic center court with stadium seating.
Life Time (NYSE: LTH), the nation's premier healthy lifestyle brand, is committed to becoming the premier pickleball destination across the nation. The company will have more than 300 permanent pickleball courts across its locations by the end of the year and 600+ courts by the end of next year. In California, the company has permanent pickleball courts at its Rancho San Clemente, Roseville and Folsom country clubs.
"We're excited to welcome thousands of pickleball players and fans to our Rancho San Clemente athletic country club," Said Brian Gaeta, Life Time's Pacific Area Director. "Our goal is for people to immediately think of Life Time when they imagine the best place to play pickleball and we're proud to team up with the PPA for this tournament."
The demand for pickleball courts has never been higher. Nearly 5-million Americans call themselves pickleball players. That's almost double the number compared to just five years ago. People of every age and fitness level have fallen in love with the sport.
Life Time and the PPA have teamed up for several tournaments at its athletic country clubs this year. Previous tournaments have been held at Life Time Charlotte, Peachtree Corners (Atlanta) and Lakeville (Minnesota).
The PPA Tour was founded in 2018 as the premier provider of professional and amateur pickleball events for all ages. In 2022, it will welcome more than 30,000 players and award over $3 million in payouts to players. More information on the PPA can be found on their website.
Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its portfolio of nearly 160 athletic country clubs across the United States and Canada. The company's healthy way of life communities and ecosystem address all aspects of healthy living, healthy aging and healthy entertainment for people 90 days to 90+ years old. Supported by a team of more than 30,000 dedicated professionals, Life Time is committed to providing the best programs and experiences through its clubs, iconic athletic events and comprehensive digital platform.
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SOURCE Life Time, Inc. | https://www.wibw.com/prnewswire/2022/06/06/worlds-top-pickleball-pros-compete-more-than-130000-prize-money-select-medical-orange-county-cup-life-time-rancho-san-clemente-june-9-12/ | 2022-06-06T12:11:15Z |
Rumors of an off-road-focused supercar from Lamborghini go back almost a decade, but things got serious in 2019 when the automaker rolled out the Huracan Sterrato concept.
Lamborghini has been quiet on production plans for the concept, but prototypes for a high-riding Huracan have been spotted over the past year and now we have the first official photos of what’s likely to be the production version.
Lamborghini on Tuesday released a series of photos and a video depicting a high-riding Huracan with the same fender flares and driving lights as the concept. No additional details were released, apart from the tagline “beyond the concrete.”
We should see the new Huracan variant debut later this. Lamborghini plans to launch four models in 2022, two based on the Huracan and two on the Urus. We saw the Huracan Tecnica in April, and it’s likely the high-riding Huracan will be the second of the two Huracan models due this year.
Don’t be surprised if it ends up being called a Huracan Sterrato, just like the concept. A trademark for the Sterrato name was filed by Lamborghini only last fall. It’s Italian for “dirt,” pointing to this model being ideal for rally-style dirt tracks and other rough surfaces.
More buyers are looking for supercars that they can drive throughout the year, as well as drive without fear of potholes doing major damage. It’s why Porsche is also reading a high-riding 911, and we’re sure others will be quick to jump on the trend, especially as supercar sales in emerging markets, where road conditions aren’t always the best, continue to grow.
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- Continues expanding product portfolio beyond inhalation anesthesia with a focus on bringing critical care drugs to patients
MUMBAI, India, Aug. 18, 2022 /PRNewswire/ -- Piramal Pharma Limited's Critical Care business, a leading Complex Hospital Generics company, announces First to Market Generic U.S. launch of Zinc Sulfate Injection. This product is U.S. Food and Drug Administration approved with Competitive Generic Therapy (CGT) designation; an approval pathway intended to enhance market competition for sole source drugs. Zinc Sulfate is a trace element indicated as a source of zinc for parenteral nutrition when oral or enteral nutrition is not possible, insufficient, or contraindicated. This intravenous nutritional injection is available in two strengths – 30mg/10mL (3mg/mL) and 25mg/5mL (5mg/mL).
Peter DeYoung, Chief Executive Officer of Piramal Global Pharma commented, "At Piramal Critical Care (PCC), we are excited to launch our first CGT-designated product to support our core purpose of providing the market with drugs that contribute to saving and improving patients' lives. Zinc Sulfate Injection joins our growing US portfolio of injectable products, complementing our market-leading inhaled anesthesia products, as we strive to deliver critical care solutions to patients and healthcare providers around the world."
In addition to the recent launch of Zinc Sulfate injection, over the past several years PCC has launched a broad line of critical generic injectables in the U.S. market, including Ampicillin and Sulbactam for Injection, USP, Dexmedetomidine Injection, USP, Dexmedetomidine HCl Injection, USP, Glycopyrrolate Injection, USP, Rocuronium Bromide Injection, and Succinylcholine Chloride Injection, USP. PCC's full product portfolio is available at piramalcriticalcare.com.
Through the ongoing expansion of its portfolio, PCC continues to strengthen its commitment to deliver high quality products to healthcare providers and their patients around the world.
About Piramal Critical Care:
Piramal Critical Care (PCC) is a global leader in anesthesia, pain management, and intrathecal therapy. PCC maintains a wide presence across more than 100 countries including the US and the European markets. Our product portfolio includes inhalation anesthetics, injectable pain and anesthesia drugs, anti-infectives, injectable drugs for myxedema coma, intrathecal therapy for spasticity management, and plasma volume expanders. Piramal Critical Care has strong manufacturing and process development capabilities with state-of-the-art manufacturing facilities in Bethlehem, PA, United States and Telangana, India, which are inspected by US FDA, UK MHRA and other regulators, and partners with leading pharmaceutical development and manufacturing organizations around the world. For more information and updates, please visit: www.piramalcriticalcare.com
About Piramal Pharma Ltd.:
Piramal Pharma Limited (PPL) offers a portfolio of differentiated products and services through end-to-end manufacturing capabilities across 15 global facilities and a global distribution network of over 100 countries. PPL includes: Piramal Pharma Solutions (PPS), an integrated Contract Development and Manufacturing Organization; Piramal Critical Care (PCC), a Complex Hospital Generics business, and the India Consumer Healthcare business, selling over-the counter products. In addition, PPL has a joint venture with Allergan, a leader in ophthalmology in the Indian formulations market. In October 2020, the company received growth equity investment from the Carlyle Group.
For more information and updates, please visit: www.piramal.com | Social Media: Facebook, Twitter, LinkedIn
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SOURCE Piramal Critical Care | https://www.kxii.com/prnewswire/2022/08/18/piramal-critical-care-launches-first-market-generic-zinc-sulfate-injection-us/ | 2022-08-18T16:26:52Z |
Germany will support an EU oil embargo on Russia
By Mark Thompson, CNN Business
Germany is ready to support a European ban on imports of Russian oil, and won’t be “blackmailed” by Moscow into paying for natural gas in rubles.
Speaking to CNN’s Julia Chatterley on Monday, finance minister Christian Lindner said Germany would agree any new sanctions on Russia with its partners in the European Union.
“Germany stands ready for new sanctions, including an oil embargo,” he said.
The European Union has already agreed to phase out Russian coal imports as part of a fifth wave of sanctions imposed on Russia over its invasion of Ukraine.
But the bloc has found it much harder to reach consensus on joining a US-led embargo on Russian oil despite weeks of talks. Hungary reiterated its opposition to an oil embargo again on Monday, Reuters reported.
Lindner said he did not want to speculate on whether some EU member states, such as Hungary, would have to be given exemptions or carve outs from an oil embargo.
“I can assure you that Germany is ready to reduce oil imports, we know others are considering this question carefully,” he added.
Last year, Russia accounted for about 27% of EU oil imports. It also supplied about 40% of Europe’s natural gas. EU leaders have already promised to slash Russian gas imports by 66% this year, and to break the bloc’s dependency completely by 2027.
“We have prepared ourselves to be less dependent on Russian energy imports,” Lindner said. “We can reduce the imports, starting with coal, then oil. It will take more time to be independent from Russian natural gas imports, but we will continue so in the end we will be completely independent from Russia.”
Moscow raised the stakes in a tense energy standoff with Europe last week by cutting off supplies of natural gas to Poland and Bulgaria. State gas giant Gazprom said neither country had agreed to President Vladimir Putin’s demand that customers in “unfriendly” countries must open two accounts at Gazprombank — one in euros and the second in rubles, from which payments for the gas would be made.
The vast majority of Gazprom’s contracts with its European customers stipulate payment in euros or dollars. The Kremlin’s ultimatum regarding ruble payments is widely seen as a move to bolster its war chest and boost the Russian currency.
Is Germany next?
German gas distributor Uniper said last week it would continue to pay for its Russian supplies in euros but added that it believed a “payment conversion compliant with sanctions law” was possible. It said it was examining the matter carefully in close coordination with the German government.
Lindner said he expected Germany’s utilities to honor the terms of their contracts, which require payment in euros or dollars.
“Germany can’t be blackmailed, we know there is a dependency on natural gas from Russia, it is a reality. We need time to reduce this dependency,” he told CNN. “This is the situation of the contracts and we do not change because Putin needs rubles for his war chest.”
Germany has reduced its consumption of Russian gas to 35% of imports from 55% before the war in Ukraine, but says it needs to keep buying from Moscow at least until next year to avoid a deep recession.
Uniper said that it cannot cope without Russian gas in the short term.
“This would have dramatic consequences for our economy,” it said in its statement.
Germany’s central bank last week said an abrupt halt would push the economy into a deep recession. About 550,000 jobs and 6.5% of annual economic output could be lost across this year and next, according to an analysis by five of the country’s top economic institutes.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/money/cnn-business-consumer/2022/05/02/germany-will-support-an-eu-oil-embargo-on-russia-2/ | 2022-05-02T17:57:32Z |
Fiscal Q1 2023 revenue totaled $16.3 million, an increase of 61% year-over-year
Sprout recorded $8.2 million in revenue, its largest net sales quarter on record
Personal Care and Beauty recorded $5.1 million in revenue, the highest in over two years
Company will host a conference call at 5:00 p.m. (Eastern Time) Monday, August 15, 2022, to discuss these results
LAVAL, QC, Aug. 15, 2022 /PRNewswire/ - Neptune Wellness Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT) (TSX: NEPT), a diversified and fully integrated health and wellness company focused on plant-based, sustainable and purpose-driven lifestyle brands, today announced its financial and operating results for the three-month period ending June 30, 2022.
Statement from Neptune Management and Board of Directors:
"The results Neptune achieved in the first quarter of fiscal 2023 reflect the impacts of strategic decisions we have made over the past year to become a leading consumer packaged goods company. We reported revenue of $16.3 million, an increase of 61% year-over-year, led by Sprout, which had its largest net sales quarter yet, and our personal care and beauty products, which generated the largest quarter of revenue in two years."
"We are also continually striving to reduce expenses. Since our strategic review in late 2021, and including our most recent payroll reductions at cannabis and corporate, we have now reduced expenditures by approximately $18 million. This figure includes $7.6 million of reduced payroll expense across corporate and business units, with total headcount decreasing from 170 to 56, a 67% reduction. While it has been a year of tough strategic decisions, we are laser-focused on a path to growth and profitability and believe we are well-positioned to create value going forward."
First Quarter 2023 Financial Highlights:
- Fiscal first quarter 2023 revenue totaled $16.3 million, as compared to $10.1 million or an increase of 61% for the same period in fiscal 2022.
- Reported fiscal first quarter 2023 gross profit loss of $2.9 million compared to a gross profit loss of $2.3 million for the fiscal first quarter 2022.
- Adjusted EBITDA (non-GAAP)1 loss for fiscal first quarter 2023 was $9.8 million compared to an Adjusted EBITDA (non-GAAP)1 loss of $12.9 million for fiscal first quarter 2022.
- Reported first quarter net loss of $6.5 million compared to a reported net loss of $18.9 million in the prior comparable period in fiscal 2022.
First Quarter Business Highlights:
- Launched a new CPG-focused strategic plan to profitability, including divestiture of cannabis business.
- Announced appointment of Raymond Silcock as Chief Financial Officer.
- Announced the addition of Philip Sanford as Audit Chair of Neptune's Board of Directors.
- Launched a new line of CoComelon co-branded organic snack bars.
- Announced the completion of a share consolidation.
- Closed a US$5,000,000 Registered Direct Offering Priced At-the-Market Under Nasdaq Rules.
Subsequent Events and Business Updates:
- Announced Amendment and Expansion of Sprout Secured Promissory Notes led by Morgan Stanley to expand the facility from US$22.5 million to a maximum of US$37.5 million.
- Provided a Sprout Organics Distribution Update and discussed potential expansion into new product categories beyond Baby Food Aisle.
Conference Call Details:
The Company will host a conference call at 5:00 p.m. (Eastern Time) on Monday, August 15, 2022, to discuss these results. The conference call will be webcast live and can be accessed by registering on the Events and Presentations portion of Neptune's Investor Relations website at www.investors.neptunewellness.com. The webcast will be archived for approximately 90 days.
NEPTUNE WELLNESS SOLUTIONS INC.
Condensed Consolidated Interim Balance Sheets
(Unaudited) (in U.S. dollars)
NEPTUNE WELLNESS SOLUTIONS INC.
Condensed Consolidated Interim Statements of Loss and Comprehensive Loss
(Unaudited) (in U.S. dollars)
For the three-month periods ended June 30, 2022 and 2021
Adjusted EBITDA1 reconciliation, in millions of dollars
ADJUSTED EBITDA
Although the concept of Adjusted EBITDA is not a financial or accounting measure defined under US GAAP and it may not be comparable to other issuers, it is widely used by companies. Neptune obtains its Adjusted EBITDA measurement by adding to net loss, net finance costs (income) and depreciation and amortization, and income tax expense (recovery). Other items such as equity classified stock-based compensation, non-employee compensation related to warrants, litigation provisions, business acquisition and integration costs, signing bonuses, severances and related costs, impairment losses on non-financial assets, write-downs of non-financial assets, revaluations of derivatives, system migration, conversion and implementation, CEO directors and officers insurance, costs related to conversion from IFRS to US GAAP and other changes in fair values are also added back. The exclusion of net finance costs (income) eliminates the impact on earnings derived from non-operational activities. The exclusion of depreciation and amortization, stock-based compensation, non-employee compensation related to warrants, litigation provisions, impairment losses, write-downs revaluations of derivatives and other changes in fair values eliminates the non-cash impact, and the exclusion of acquisition costs, integration costs, signing bonuses, severance and related costs, costs related to cybersecurity and costs related to conversion from IFRS to US GAAP present the results of the on-going business. From time to time, the Company may exclude additional items if it believes doing so would result in a more effective analysis of underlying operating performance. In Q4 2022, the Company added the costs related to the conversion from IFRS to US GAAP as an adjustment to the definition of Adjusted EBITDA. Adjusting for these items does not imply they are non-recurring. For purposes of this analysis, the Net finance costs (income) caption in the reconciliation below includes the impact of the revaluation of foreign exchange rates.
About Neptune Wellness Solutions Inc.
Headquartered in Laval, Quebec, Neptune is a diversified health and wellness company with a mission to redefine health and wellness. Neptune is focused on building a portfolio of high quality, affordable consumer products in response to long-term secular trends and market demand for natural, plant-based, sustainable and purpose-driven lifestyle brands. The Company utilizes a highly flexible, cost-efficient manufacturing and supply chain infrastructure that can be scaled to quickly adapt to consumer demand and bring new products to market through its mass retail partners and e-commerce channels. For additional information, please visit: https://neptunewellness.com/.
Disclaimer – Safe Harbor Forward–Looking Statements
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates, and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements include, among other things, statements with respect to the Company's strategic review, expected cost savings, projected growth of Sprout and Biodroga, the success of the Company's action plan, including the divestiture of the Company's cannabis business, future increased revenues, expectations regarding expenses, cash needs, cash flow, liquidity and sources of funding, future expansion plans, initiatives and strategies of the Company, and the Company's performance, growth initiatives, profitability, future product launches and plans and gain in market share, as well as the timing for the filing of the Restated Filings.
These forward-looking statements are based on assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the ability of the Company to successfully implement its strategic initiatives; implications of the COVID-19 pandemic on the Company's operations; fluctuations in general macroeconomic conditions; fluctuations in securities markets; changing consumer habits; the ability of the Company to successfully achieve its business objectives and cost cutting plans; plans for expansion; political and social uncertainties; inability to obtain adequate insurance to cover risks and hazards; the ability of the Company to obtain financing on acceptable terms, the adequacy of our capital resources and liquidity, including but not limited to, availability of sufficient cash flow to execute our business plan (either within the expected timeframe or at all); the ability of the Company to obtain financing on acceptable terms, expectations regarding the resolution of litigation and other legal and regulatory proceedings, reviews and investigations; employee relations; and the presence of laws and regulations that may impose restrictions in the markets where the Company operates. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
Additional information regarding these and other risks and uncertainties relating to the Company's business are contained under the heading "Risk Factors" in the Company's Annual Report on Form 10-K dated July 7, 2022, for the year ended March 31, 2022.
Neither NASDAQ nor the Toronto Stock Exchange accepts responsibility for the adequacy or accuracy of this release.
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NANJING, China, Sept. 5, 2022 /PRNewswire/ -- Simcere Pharmaceutical Group Limited (2096.HK) announced its financial results for the first half of 2022. As of June 30, Simcere recorded operating revenue of RMB 2.7 billion for the first half of the year, with a year-over-year growth of 27.3%. The estimated net profit for the first half of 2022 after deducting non-recurring profits and losses would be RMB 390 million. Innovative drug revenue grew 44.8% year-over-year to RMB 1.767 billion, accounting for a record-high 65.4% of total revenue. Simcere has transformed into an innovative pharmaceutical company that relies on innovation and R&D for performance growth.
According to the report, Simcere Pharmaceutical currently has 6 branded innovative drug products on the market. In the two years since its launch, Sanbexin® (Edaravone and Dexborneol concentrated solution for injection), Simcere's innovative drug for stroke, has benefited 860,000 patients nation-wide, driving a 74.7% year-over-year revenue growth of the CNS portfolio and further improving Simcere's leading market position in this field. Moreover, revenue contribution from products such as Enweida® (Envafolimab injection), the world's first subcutaneous PD-(L) 1 antibody, further validated Simcere's business capabilities.
Under the R&D strategy of "focusing on more effective therapies and emphasizing differentiation", the company is currently fast-tracking nearly 60 innovative drug pipeline projects and conducting 20 registered clinical studies on 16 potential innovative drugs. 7 projects have entered Phase 3 clinical trials, including 2 highlighted candidates, Sanbexin sublingual tablets, and SIM0417, an investigational anti-SARS-CoV-2 drug.
The Sanbexin sublingual tablets (oral formulation of Edaravone and Dexborneol), an innovative drug currently being developed at phase 3 clinical study, offers anti-inflammatory and anti-free radical effects together with blood-brain barrier protection to minimize brain cell damage caused by stroke. The administration of sublingual tablet is not restricted by medical institution capabilities or patient compliance, making it suitable for various conditions of acute or chronic CNS diseases. It is expected to form a sequential regimen with Sanbexin® injection. At present, patient enrollment of 914 subjects have been completed for the product's pivotal Phase 3 trial within just 10 months ahead of schedule. Simcere is going to expedite its NDA in China in the near term. Market analysis revealed that the drug would quickly achieve peak sales after reaching the market owing to Simcere Pharmaceutical's long-standing CNS market share. The scarcity of innovative CNS drugs in China also increases Simcere's investment value.
SIM0417, another important product being developed by Simcere, is an anti-SARS-CoV-2 candidate that targets 3CL, a key protease essential for virus replication, and has shown good antiviral activity against a variety of strains. Preclinical studies have shown that some of the SIM0417 efficacy and safety metrics are better than those of molecules having similar biological targets currently on the market. As of the announcement date, Simcere Pharmaceutical has been conducting two Phase2/3 clinical trials of SIM0417 combined with Ritonavir versus placebo for antiviral treatment in COVID-19 patients, and for post-exposure prophylaxis for close contacts of individuals who test positive for COVID-19 throughout several provinces and cities in accordance with the clinical trial protocol approved by CDE(Center for Drug Evaluation). During the persistent epidemic and recurrent outbreaks, there is a significant unmet need for the prevention and treatment of COVID-19 close contacts. As a small molecule drug and oral tablet, SIM0417 has inherent advantages in responding to the pandemic due to its convenience in storage, transportation, and administration.
As a result of Simcere's efforts combining in-house R&D with extensive R&D collaborations, the business development has contributed tremendously to the company's pipeline. On July 12, 2022, Simcere received conditioned approval for its first-in-class innovative drug Cosela® (Trilaciclib hydrochloride for injection), developed through licensing–in collaboration. Cosela® is the world's first myelo-protection drug that prevents damage of bone marrow stem cells from cytotoxic chemotherapy. The successful development of this drug took only 708 days from the date of license-in agreement signing till market approval in China. According to published industrial data, among the top 100 license-in products in China between 2019 and 2021 in terms of transaction amount, only 4 products are approved with new indications on the Chinese market. In this list, Trilaciclib takes the first place for fast development in China, nearly shortens the time frame by a year compared to the product ranked second.
As one of the first pharmaceutical companies in the industry to complete innovation transformation, the advantages of Simcere's differentiated R&D capabilities, manufacturing capacities benchmarked against international metrics, and leading business capabilities, are gradually emerging. The innovative drug R&D pipelines have started to pay off, allowing Simcere to launch more differentiated innovative drugs more efficiently and successfully while expanding its business capabilities.
Since the successful IPO on the Hong Kong Stock Exchange in 2020, Simcere Pharmaceutical's innovative drug business has become a major driver for the company's continued growth. According to the outlook section in the announcement, Simcere will fast-track its Sanbexin sublingual tablet R&D process to complete its pivotal phase 3 clinical trials, actively explore possible new indications of Cosela, and expedite the R&D of anti-SARS-CoV-2 drug SIM0417.
As the national bulk-buy program bringing heavy impact to the pharmaceutical industry, Chinse companies are turning their focused on differentiated innovation. Simcere chooses a unique approach to innovation based on its continuous R&D investment, diversified and differentiated pipelines, and proven business capabilities. These efforts will provide driven force for future growth and development.
About Simcere
Simcere Pharmaceutical Group Limited (2096.HK) is a pharmaceutical company driven by innovative R&D and committed to synergistic innovation. It has established the State Key Laboratory of Translational Medicine and Innovative Drug Development and currently boasts four R&D centers in Nanjing, Shanghai, Boston and Beijing. With the commitment to "providing today's patients with medicines of the future" the Company focuses on three therapeutic areas: oncology central nervous system diseases and autoimmune diseases while actively expanding its strategic presence in prospective disease areas with significant clinical needs in the future.
Simcere now has six global first-in-class innovative drugs and is holding leading market shares for its key products in China with its excellent R&D and commercialization capabilities. Its vigorous in-house R&D efforts and extensive R&D collaborations have made it a strategic cooperation partner with international and domestic leading innovative pharmaceutical enterprises medical institutions and research institutes.
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SAN JOSE, Calif., May 20, 2022 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) today announced the expiration and results of its previously announced offer to purchase for cash any and all of the company's outstanding notes listed in the table below (collectively, the "Notes"). Each reference to an "Offer" herein refers to the applicable offer to purchase for cash the 2.200% Senior Notes due September 2022 (the "2022 Notes") or the 1.350% Senior Notes due June 2023 (the "2023 Notes"), as applicable.
The Offer was made upon the terms and subject to the conditions set forth in the offer to purchase, dated May 16, 2022 (as amended or supplemented from time to time, the "Offer to Purchase"), and its accompanying notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Tender Offer Documents"). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.
The Offer expired at 5:00 p.m., New York City time, on May 20, 2022 (the "Expiration Time"). The Settlement Date is expected to be May 23, 2022, which is the first business day after the Expiration Time. The Guaranteed Delivery Time is expected to be 5:00 p.m., New York City time, on May 24, 2022, which is the second business day after the Expiration Time.
According to information provided by D.F. King, the information agent and tender agent (the "Information Agent and Tender Agent") in connection with the Offer, $1,126,761,000 combined aggregate principal amount of the Notes were validly tendered at or prior to the Expiration Date and not validly withdrawn. In addition, $4,409,000 were tendered pursuant to the guaranteed delivery procedures and remain subject to the Holders' performance of the delivery requirements under such procedures. The table below provides the aggregate principal amount of each of the 2022 Notes and 2023 Notes validly tendered and not validly withdrawn prior to the Expiration Date.
Details of the Offer
We expect to accept, on the applicable Settlement Date or Guaranteed Delivery Time (as applicable), all Notes validly tendered and not validly withdrawn at or prior to the Expiration Date, including Notes delivered in accordance with the guaranteed delivery procedures. Upon the terms and subject to the conditions set forth in the Tender Offer Documents, Holders who (i) validly tendered Notes at or prior to the Expiration Time (as defined below) (and did not validly withdraw such Notes at or prior to the Withdrawal Time (as defined below)) or (ii) delivered a properly completed and duly executed Notice of Guaranteed Delivery (or complied with ATOP procedures applicable to guaranteed delivery) and all other required documents at or prior to the Expiration Time and validly tendered their Notes at or prior to the Guaranteed Delivery Time pursuant to the guaranteed delivery procedures, and, in each case, whose Notes are accepted for purchase by us, will receive the applicable Tender Offer Consideration specified above for each $1,000 principal amount of Notes, which will be payable in cash.
In addition to the applicable Tender Offer Consideration, Holders whose Notes are accepted for purchase by us will be paid applicable accrued and unpaid interest on such Notes from the last interest payment date of the Notes to, but not including, the Settlement Date ("Accrued Interest"). Interest on the Notes will cease to accrue on the Settlement Date for all Notes accepted in the Offer, including those tendered through the guaranteed delivery procedures.
The Offer is subject to certain conditions, including, among other things, the Financing Condition (as defined in the Offer to Purchase), and certain customary conditions. Subject to applicable law and limitations described in the Offer to Purchase, we may waive any of the conditions in our sole discretion.
We intend to issue a redemption notice for any remaining outstanding 2022 Notes that have not been validly tendered and accepted for payment in the Offer at the "make-whole" redemption price set forth in the terms and conditions of the 2022 Notes. In the case of the 2023 Notes, we do not presently intend, but reserve the right, to acquire any 2023 Notes that are not purchased pursuant to the Offer through the optional redemption provisions of the 2023 Notes or otherwise. This press release does not constitute a notice of redemption or an obligation to issue a notice of redemption for any Notes.
We retained Morgan Stanley & Co. LLC ("Morgan Stanley") to act as the Dealer Manager in connection with the Offer (the "Dealer Manager"). Questions regarding terms and conditions of the Offer should be directed to Morgan Stanley at 1585 Broadway, New York, New York 10036, Attention: Liability Management Group or at (212) 761-1057 (collect) or (800) 624-1808 (toll free).
D.F. King was appointed as Information Agent and Tender Agent in connection with the Offer. Questions or requests for assistance in connection with the Offer, or for additional copies of the Tender Offer Documents, may be directed to the Information Agent and Tender Agent at (212) 269-5550 for banks and brokers or (866) 207-3648 for holders (toll free), or via e-mail at PayPal@dfking.com. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offer. All documentation relating to the Offer to Purchase, together with any updates, are available via the Offer Website: www.dfking.com/PayPal.
We reserve the right, in our sole discretion, not to extend, re-open, withdraw or terminate the Offer and to amend or waive any of the terms and conditions of the Offer in any manner, subject to applicable laws and regulations.
Holders are advised to read carefully the Offer to Purchase for full details of and information on the procedures for participating in the Offer.
All documentation relating to the Offer, including the Offer to Purchase, together with any updates, are available from the Information Agent and Tender Agent, the contact details for whom are set out below. Holders are urged to contact the Information Agent and Tender Agent for the relevant announcements relating to the Offer.
General
This announcement is for informational purposes only. This announcement is not an offer to purchase or a solicitation of an offer to purchase any Notes or any other securities of the Company or any of its subsidiaries. The Offer was made solely pursuant to the Offer to Purchase. The Offer was not made to Holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Offer to be made by a licensed broker or dealer, the Offer will be deemed to have been made on behalf of the Company by the Dealer Manager or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.
No action has been or will be taken in any jurisdiction that would permit the possession, circulation or distribution of either this announcement, the Offer to Purchase or any material relating to us or the Notes in any jurisdiction where action for that purpose is required. Accordingly, neither this announcement, the Offer to Purchase nor any other offering material or advertisements in connection with the Offer may be distributed or published, in or from any such country or jurisdiction, except in compliance with any applicable rules or regulations of any such country or jurisdiction.
The distribution of this announcement and the Offer to Purchase in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Offer to Purchase comes are required by us, the Dealer Manager, the Information Agent and Tender Agent to inform themselves about, and to observe, any such restrictions.
Neither this announcement nor the Offer to Purchase, or the electronic transmission thereof, as applicable, constitutes a solicitation for acceptance of the Offer or a notice of redemption under the Indenture governing the Notes. The distribution of this announcement in certain jurisdictions may be restricted by law. We are not aware of any jurisdiction where the making of the Offer was not in compliance with applicable law. If we become aware of any such jurisdiction, we will make a good faith effort to comply with applicable law or seek to have such law declared inapplicable to the Offer. If, after such good faith effort, we cannot comply with any such law, the Offer will not be made to (nor will tenders be accepted from or on behalf of) Holders residing in such jurisdiction. In those jurisdictions where the securities, blue sky or other laws require the Offer to be made by a licensed broker or dealer and the Dealer Manager or any of their respective affiliates is such a licensed broker or dealer in any such jurisdiction, the Offer shall be deemed to be made by the Dealer Manager or such affiliate (as the case may be) on behalf of the Company in such jurisdiction.
Each of the Company, the Dealer Manager, the Information Agent and Tender Agent reserves the right, in its absolute discretion, to investigate, in relation to any tender of Notes pursuant to the Offer, whether any such representation given by a Holder is correct and, if such investigation is undertaken and as a result the Company determines (for any reason) that such representation is not correct, such tender shall not be accepted.
About PayPal
PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering 429 million consumers and merchants in more than 200 markets to join and thrive in the global economy.
Forward-Looking Statements
This press release contains "forward-looking" statements within the meaning of applicable securities laws, including statements related to the anticipated terms of the offering, the anticipated closing of the offering, the expected use of proceeds of the notes and other statements that are not historical fact. These forward-looking statements can be identified by words such as "may," "will," "would," "should," "could," "expect," "anticipate," "believe," "estimate," "intend," "strategy," "future," "opportunity," "plan," "project," "forecast" and other similar expressions. Forward-looking statements are based upon various estimates and assumptions, as well as information known to PayPal as of the date of this press release, and are inherently subject to numerous risks and uncertainties. Accordingly, actual results could differ materially from those predicted or implied by forward-looking statements. For the reasons discussed above, you should not place undue reliance on the forward-looking statements in this press release. PayPal assumes no obligation to update such forward-looking statements, except as required by law.
Investor Relations Contacts
Gabrielle Rabinovitch
grabinovitch@paypal.com
Ryan Wallace
ryanwallace@paypal.com
Media Relations Contacts
Josh Criscoe
jcriscoe@paypal.com
Taylor Watson
taywatson@paypal.com
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SOURCE PayPal Holdings, Inc. | https://www.kxii.com/prnewswire/2022/05/20/paypal-announces-expiration-results-debt-tender-offer/ | 2022-05-21T01:09:46Z |
Almost half of parents have installed car seats incorrectly, while 33% test-drive car seats at the dealership before signing on the dotted line
CHICAGO, Aug. 17, 2022 /PRNewswire/ -- Car-shopping marketplace Cars.com™ (NYSE: CARS) reports 60% of parents find car seat installation at least somewhat frustrating, which is no surprise given almost half of parents have installed their car seats incorrectly — a serious safety hazard. To help current and soon-to-be parents and caregivers, Cars.com today unveiled its 2022 Car Seat Fit Report Card with researched insights on the family vehicles that best fit car seats for infants, toddlers and young children.
"Not all vehicles are built the same. Our team has provided Car Seat Checks for more than 650 vehicles over the years to ensure parents and caregivers can make informed car-buying decisions," said Jennifer Geiger, Cars.com news editor and certified child-passenger safety technician. "With nearly 60% of parents choosing their vehicle based on car seat fit, it's encouraging to see this year's Car Seat Fit Report Card expand significantly to include vehicles at various price points as well as hybrid and electric models. Car manufacturers are listening and offering more options for America's growing families."
Cars.com compiled Car Seat Check scores for 52 vehicles evaluated over the last 12 months from July 2021 through July 2022 by its certified child-passenger safety technicians and assigned a letter grade to each of the model-year 2021-23 vehicles evaluated. The complete list can be found at Cars.com/News/Car-Seat-Check.
This year, 11 vehicles achieved straight A's on Cars.com's Car Seat Fit Report Card:
Cars.com conducted a consumer survey to learn more about how car seats impact parents' car purchase decisions and how Americans plan for their growing families when it comes to their vehicles. Here's what they said:
- Try before you buy. When considering their most recent vehicle purchase, 58% of parents based their decision on car seat fit, leading to 33% of parents actually bringing the car seat to the dealership to test the seat before making a purchase decision. The 2022 Volkswagen Tiguan is a roomy compact SUV that easily handles all stages of car seats — from rear-facing infant seats to high-back booster seats.
- The larger your family, the more planning required. For the more than 58% of parents that said the car seat played a role in their car purchase decision, 85% said the need to upgrade to a larger vehicle happened when they realized they had multiple children in car seats or when they had another child. Planning ahead with a larger vehicle your family can grow into will save on the frustration down the road. For example, the rugged and stylish 2022 Ford F-150 offers loads of space for three car seats across, and its exposed Latch anchors made installing them a breeze.
- Safety tech is an expectation. Parent-friendly tech features are also a consideration, with almost 3 in 4 parents (73%) saying child safety features like backup cameras, rear-seat alert systems and car-seat Latch systems were very important when considering a vehicle. Families looking for high tech should consider the 2022 Honda Odyssey, which excels in accommodating car seats and comes with many standard safety features, including the CabinWatch system, which lets front-seat occupants easily monitor second- and third-row passengers on the touchscreen via a ceiling-mounted camera.
The Cars.com Car Seat Fit Report Card compiles 12 months, July to July, worth of comprehensive Car Seat Checks conducted by Cars.com's team of experts. Each Car Seat Check is performed by a Cars.com certified child-passenger safety technician who installs three types of car seats — infant, convertible and high-back booster — into each new vehicle and evaluates the vehicle's Latch system, as well as how the vehicle accommodates the different car seats.
To learn more about how Cars.com performs its Car Seat Checks, or to see how well a car seat will fit in your family vehicle or a vehicle you are considering purchasing, visit www.cars.com/news/car-seat-check.
Cars.com consumer survey; July 27-30, 2022; 1,005 responses
CARS is the leading automotive marketplace platform that provides a robust set of digital solutions that connect car shoppers with sellers. Launched in 1998 with the flagship marketplace Cars.com and headquartered in Chicago, the Company empowers shoppers with the data, resources and digital tools needed to make informed buying decisions and seamlessly connect with automotive retailers. In a rapidly changing market, CARS enables dealerships and OEMs with innovative technical solutions and data-driven intelligence to better reach and influence ready-to-buy shoppers, increase inventory turn and gain market share.
In addition to Cars.com™, the Company's brands include Dealer Inspire®, a technology provider building solutions to future-proof dealerships with more efficient operations and connected digital experiences; FUEL™, an advertising solution providing dealers and OEMs the benefit of leveraging targeted digital video marketing to Cars.com's audience of in-market car shoppers; DealerRater®, a leading car dealer review and reputation management technology solution; CreditIQ™, digital financing technology and Accu-Trade™, vehicle valuation and appraisal technology. The Company's portfolio of brands also includes Auto.com™, PickupTrucks.com™ and NewCars.com®.
The full suite of CARS properties includes Cars.com™, Dealer Inspire®, FUEL™, DealerRater®, CreditIQ™, Accu-Trade.com™, Auto.com™, PickupTrucks.com™ and NewCars.com®. For more information, visit www.Cars.com.
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SOURCE Cars.com Inc. | https://www.mysuncoast.com/prnewswire/2022/08/17/58-parents-say-car-seats-drive-their-car-purchase-decisions-carscom-2022-car-seat-fit-report-card-grades-vehicles-fit-safety-families/ | 2022-08-17T12:12:15Z |
This commitment will benefit millions of workers worldwide
WASHINGTON, June 2, 2022 /PRNewswire/ -- Kicking off National Safety Month, and one year after announcing a historic partnership with Amazon (NASDAQ: AMZN), the National Safety Council (NSC) unveiled the first-of-its-kind MSD Pledge to reduce the most common workplace injury, musculoskeletal disorders (MSDs). Today, during the inaugural Workplace Safety Summit: Business Action to Prevent Musculoskeletal Injuries, more than 15 of the nation's leading organizations joined this effort and signed the pledge to improve workplace safety, reduce MSD risk, and enhance all workers' well-being.
MSDs – such as tendinitis, back strains and sprains, and carpal tunnel syndrome – impact nearly a quarter of the world's population and are the leading cause of worker disability, early retirement, and limitations to gainful employment. The MSD Pledge seeks to create safer outcomes for millions of workers worldwide by reducing these injuries by 25% by 2025. By making critical changes, employers will also build more equitable workplaces for frontline workers and communities of color, which are two groups disproportionately impacted by MSDs.
Along with Amazon and NSC, founding pledge members include Alcon Research, LLC; Ansell Inteliforz; Amentum; American Industrial Hygiene Association; AMP; Benchmark ESG; Cummins Inc.; Human Balance and Stability Systems, LLC; John Deere; MEGA InTech; Meteorite; Tenneco; United Airlines; and VelocityEHS.
Organizations signing the MSD Pledge promise to:
- Reduce risks by analyzing the causes of MSD injuries across operations and investing in solutions and practices that reduce risks to workers.
- Innovate and collaborate by leveraging best practices and sharing learnings and countermeasures to expand upon innovations to improve safety practices.
- Build an organizational culture that values safety by promoting a workplace where safety excellence, transparency, and accurate reporting are equally valued, and where everyone, at every level of the organization, is accountable for the safety and health of workers.
- Commit to a significant reduction of MSD injuries by creating safer outcomes for millions of workers worldwide and reducing MSD risk and subsequent injuries by 25% by 2025.
"While there are no sirens associated with MSDs, their impact is alarming and the damage does not stop when workers leave for the day," said Lorraine Martin, NSC president and CEO. "At NSC, our mission is not only to save lives, but also to prevent injuries and we are asking employers everywhere to join the MSD Pledge and keep workers safe, so they can spend more time doing the things they love with the people they love – which is precisely what this month, National Safety Month, represents."
"We're always investing in new ways to keep our employees safe, and we look forward to working with NSC and the companies that sign this pledge to keep getting better every day," said Heather MacDougall, Amazon vice president for workplace health and safety. "MSDs are a challenge across many different industries, and this pledge will bring together forward-thinking leaders and allow us to share successes and innovate on behalf of all our employees."
In addition to accessing free resources and sharing safety innovations to help reduce MSD risks, MSD Pledge members will participate in the MSD Solutions Index, an annual company index that analyzes the benefits of the pledge over time. The index will aggregate data on risk reduction strategies, workplace safety culture, and innovation and collaboration, while also identifying areas for targeted action and uncovering trends to inform future approaches. MSD Pledge members benefit from free events, training and coaching opportunities from the Council's team of ergonomics experts, as well as opportunities to share best practices and lessons learned with one another. Participation in the MSD Pledge is free and open to any employer that is committed to identifying and reducing risks of MSD injuries and creating a culture of safety at work.
"All employees, no matter what company you work for, deserve a safe workplace," said Donald Flores, United Airlines ramp service employee. "Every day I work hard, safe and smart with the expectation to get back home so I can live my fullest life. I'm proud to work for United and appreciate the high safety standards that are in place to reduce injuries."
The MSD Pledge was developed at the MSD Solutions Lab, a groundbreaking initiative established as part of the NSC and Amazon partnership to solve this omnipresent safety challenge. Led by NSC, the pledge is one of several initiatives launching in 2022 to achieve the program goal of preventing MSDs before they start, including:
- Advisory Council: NSC has named the founding members of the advisory council for this groundbreaking program. Composed of volunteers, these experts in safety, health, ergonomics and innovation support and inform the program's work by engaging in, researching, solving, and amplifying MSD prevention efforts.
- MSD 2025 Pioneering Research: Support comprehensive research efforts, including utilizing natural language processing, case studies, reports, and expansive systematic reviews and meta-analyses to explore current and future MSD prevention-related strategies. The research findings will be available to all industries to explore and glean insights.
- Innovation Challenges: Individuals and organizations alike will have the opportunity to develop and share cutting-edge solutions to prevent and eliminate workplace-related MSDs. During this competition, prizes and grants will be awarded to honor innovation and help fund these solutions.
- Small Business and University Grants: Provide grants to small businesses, universities, and students to fund research and innovation that help companies of all sizes achieve impact.
"At United Airlines, safety is at the foundation of everything we do – especially when it comes to our employees," said Sasha Johnson, United Airlines vice president of corporate safety. "We are committed to providing a safe and supportive work environment, as well as ensuring they have the best information, resources and training. Joining the MSD Pledge furthers our safety commitment as we work together with other organizations to take on the challenge of reducing MSDs."
To learn more about the MSD Pledge, the MSD Solutions Lab, and the risks associated with MSDs, visit https://www.nsc.org/workplace/safety-topics/msd.
The National Safety Council is America's leading nonprofit safety advocate – and has been for over 100 years. As a mission-based organization, we work to eliminate the leading causes of preventable death and injury, focusing our efforts on the workplace, roadway and impairment. We create a culture of safety to not only keep people safer at work, but also beyond the workplace so they can live their fullest lives.
Connect with NSC:
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Twitter
LinkedIn
YouTube
Instagram
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SOURCE National Safety Council | https://www.kxii.com/prnewswire/2022/06/02/national-safety-council-amazon-top-industry-employers-pledge-reduce-workplace-injuries-by-25-by-2025/ | 2022-06-02T19:03:14Z |
Weeks after a Georgia woman fell from a police car while in police custody and later died, an autopsy commissioned by her family says her cause of death is consistent with severe blunt force trauma.
Speaking on Monday with attorney Benjamin Crump, Dr. Allecia Wilson, the director of autopsy and forensic Services at the University of Michigan, said Brianna Grier suffered from two fractures, both on the left side of the head, along with several hemorrhages, severe cerebral edema, and compression of brain structure.
Grier fell from the police car while in custody on July 15 in Hancock County, Georgia, CNN previously reported. Her family said she was experiencing a mental health crisis, when they called 911 to request help. She was placed, handcuffed and not in a seatbelt, into the back of a patrol car and when the vehicle started moving, she somehow fell out of the car, landed on her head, Crump alleges.
The Georgia Bureau of Investigation, who is investigating the incident said in a statement last week that their investigators are conducting interviews and "mechanical tests on the patrol car" to see if there were any malfunctions.
In a statement on July 21, GBI noted that Grier's body would be taken to the GBI Crime Lab for an autopsy, but no results have been released.
During the news conference Monday, Wilson showed several black and white slides of a CT scan performed on Grier.
Pointing to a large bump protruding past her skull bone, Wilson said "this represents swelling of the scalp.... The CT scan also demonstrated a fracture on this side of the skull."
"What can sometimes happen when the brain or the head has an impact at one side, the brain can move inside of the skull, and that can cause injury directly opposite to where the impact occurs," Wilson said, using her finger to trace a line diagonally across the brain to another injury. "This is a large subdural hematoma, and that's blood that is underneath them dura on the right side of the brain."
"What happens when there's this type of impact to the head, is that the brain can start to swell," Wilson said. "In this case, the cause of death is consistent with the severe blunt force injury that occurred to the side of the head."
Fighting back tears, her mother and father said they are speaking out so this doesn't happen to anyone else. Her parents held photos of Grier, and her twin 3-year old daughters during the news conference.
Crump, who is representing the Grier family, previously told CNN Grier had a history of mental health crises and the family had called police several times in the past.
"When they used to come out to the house they'd call an ambulance service," Grier's father Marvin Grier said last month. "The ambulance service would come out and they would take her to the hospital to get some help."
"But this time they only called the police, and the police didn't bring the ambulance with them, even though, Ms. Mary (Brianna's mom) clearly stated she was having an episode," Crump explained.
A funeral is scheduled for Thursday at 11aET at the West Hunter Street Baptist Church in Atlanta, according to Crump. Rev. Al Sharpton will deliver her eulogy, according to a statement from his office.
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accounts, the history behind an article. | https://www.albanyherald.com/news/autopsy-commissioned-by-family-of-brianna-grier-says-her-cause-of-death-is-consistent-with/article_a867e63b-edfd-5562-ad71-4b55b7b05f14.html | 2022-08-09T00:12:36Z |
NEW YORK, July 28, 2022 /PRNewswire/ -- Kaleyra, Inc. (NYSE: KLR) (NYSE American: KLR WS) ("Kaleyra" or the "Company"), a rapidly growing omnichannel business communications platform, will hold a conference call on Monday, August 8, 2022 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the second quarter ended June 30, 2022. Financial results will be issued in a press release prior to the call.
Kaleyra management will host the presentation, followed by a question and answer period.
Date: Monday, August 8, 2022
Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)
U.S. dial-in: 855-327-6837
International dial-in: 631-891-4304
Please call the conference telephone number 10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Investor Relations at 949-574-3860.
The conference call will be broadcast live and available for replay here and via the Investor Relations section of Kaleyra's website.
A telephonic replay of the conference call will be available after 7:30 p.m. Eastern time on the same day through August 15, 2022.
Toll-free replay number: 844-512-2921
International replay number: 412-317-6671
Replay ID: 10019918
Kaleyra, Inc. is a global group providing mobile communication services to financial institutions, e-commerce players, OTTs, software companies, logistic enablers, healthcare providers, retailers, and other large organizations worldwide.
Kaleyra today has a customer base of 3800+ companies spread around the world. Through its proprietary platform and robust APIs, Kaleyra manages multi-channel integrated communication services, consisting of messaging, rich messaging and instant messaging, video, push notifications, e-mail, voice services, and chatbots.
Kaleyra's technology makes it possible to safely and securely manage billions of messages monthly with over 1600 operator connections in 190+ countries, including all tier-1 US carriers.
Investor Contacts:
Colin Gillis
Vice President of Investor Relations
colin.gillis@kaleyra.com
Tom Colton or Matt Glover
Gateway Investor Relations
949-574-3860
KLR@gatewayir.com
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SOURCE Kaleyra | https://www.kxii.com/prnewswire/2022/07/28/kaleyra-report-second-quarter-2022-financial-results-monday-august-8-2022-430-pm-et/ | 2022-07-28T20:38:22Z |
Unequal Education: Special education policies differ from state to state
Qualifying for those services can be a huge battle for the families of millions of children
Portland, Ore. (InvestigateTV) – As the mother of three young boys, life for Oregon mom Edith Goodwin is always unpredictable.
Her children, she said, have unique personalities that require different skills to manage. That’s not just true with how they play, but also how they learn.
For Goodwin and her oldest son, Joseph, it hasn’t been easy. She’s spent most of her life fighting to get him special education services through the public education system.
Goodwin’s struggles happen because of disparate policies across the nation, an InvestigateTV analysis found.
As a toddler, Joseph was diagnosed with a speech delay in Colorado where the family was living at the time. Goodwin tried to get him services at a local preschool, and although he qualified, she wasn’t satisfied with the process and opted for private speech therapy instead.
Diagnoses for ADHD and autism soon followed for Joseph, as the family moved for work. But the family’s challenges with the special education system were just beginning.
When they later moved to New Mexico, Goodwin quickly realized eligibility for special education in that state was different.
“They looked at the records and they just looked at the bottom line, at the scores, and said he wouldn’t qualify,” Goodwin said.
The scores that once qualified Joseph for services in Colorado were no longer acceptable in New Mexico. The school, Goodwin said, told her there wasn’t a need to put him in special education because of his performance on the assessment.
“He was very intelligent. He was a leader,” Goodwin said. “He was well-liked in school, so they didn’t recognize a need with him, but he was struggling and falling behind in reading.”
When the family moved yet again to Idaho, Goodwin’s struggle continued. Seeking advice, she turned to Facebook groups to ask how other families navigated the state’s system.
“They recommended getting in touch with an outside person that could teach me how to communicate with the school,” Goodwin said. “They couldn’t go with me to the classroom or ask or advocate for me, but they taught me how to advocate.”
Using those skills, Goodwin requested an evaluation for Joseph, but was ultimately denied.
“I did it by the book, and they still refused,” Goodwin said. “And so, then I took it to the next level by filing a complaint with the state.”
That complaint resulted in mediation, with Joseph eventually getting a full evaluation by different specialists.
In the end, it took Goodwin six months to get her son the services he qualified for under the state’s special education policy. That battle is among the many documented in a binder she’s used for years to track her efforts to obtain services for Joseph from state to state.
In Oregon, following yet another move, Joseph qualified for services with ease. But in Colorado again, the state required a repeat evaluation because it wouldn’t accept the one done previously in another state by Joseph’s doctor.
That was all before the family returned to Oregon once more.
“If they could have just used the information they already had and applied it, they would have been just fine. It was a lot of time that was wasted that could have helped my son,” Goodwin said. “I felt like at times maybe I was failing them as a parent because I was trying to advocate for them. I was trying to do it. And yet no matter how hard I tried, it still wasn’t helping.”
VIDEO: Funding Special Education
Policy breakdown
The Department of Education has long watchdogged special education programs across the country.
In the 2020-2021 school year, data from the National Center for Education Statistics showed more than 7.2 million students between the ages of 3-21 received special education services under a federal law known as the Individuals with Disabilities Education Act (IDEA).
Those stats show California, Texas, New York, Florida, and Pennsylvania were the states with the highest number of special education students enrolled as of the 2020-2021 school year.
In those states, and others, parents like Goodwin have been forced to learn how to navigate a complicated system, discovering access to special education services can vary greatly depending on their state’s eligibility criteria.
Eligibility for services is largely dictated by specific disabilities outlined in the law. IDEA guarantees that students with one of 13 disabilities have access to free public education with appropriate accommodations.
Those disability categories identified by the federal government under IDEA are: Autism, deafness-blindness, deafness, emotional disturbance, hearing impairment, intellectual disability, multiple disabilities, orthopedic impairment, other health impairment, specific learning disability, speech or language impairment, traumatic brain injury, visual impairment, and developmental delay.
The law allows states to create their own special education policies based on the federal IDEA framework. As a result, states can determine their own processes for identifying children for services and the evaluation criteria to meet those requirements.
To understand the variations between special education policies across the country, InvestigateTV and the Arnolt Center for Investigative Journalism at Indiana University did our own audit, requesting and analyzing the special education eligibility and evaluation policies from all 50 states.
Our analysis found major disparities from state to state, with each one determining its policies through a series of classifications: disability, age, maximum evaluation time and implementation time, and whether a medical assessment, school assessment, or both qualify as support to eligibility.
Among the findings:
- In South Dakota, there are specific measurements that qualify individuals with deafness or hearing loss for services. But just across the border, Nebraska’s policy has “flexibility” and states that any child with hearing loss of any degree might be eligible for services.
- In Michigan, children can get special education services up until age 25.
- In Connecticut, a parent only has to wait a maximum of 45 days to get their child evaluated and placed with an IEP (individualized education program). In West Virginia that process can take a maximum of 110 days, nearly four months.
While parents wait for a team formulated by the school to decide whether their child qualifies for services, states can also determine whether additional material can be used to make final decisions -- that includes medical assessments.
InvestigateTV looked closely at the differences in which material is deemed acceptable for evaluation and found:
- Eighteen states don’t accept a medical assessment done by a physician. The remaining states may use those assessments as part of the final decision process, but isn’t guaranteed.
- At least 25 states accept both medical and school assessments to help with student evaluation, including Colorado, Louisiana, Mississippi, and North Carolina.
In a 2019 Government Accountability Office report, the government watchdog looked into the variation of services offered in different states and found many examples.
“In Maryland, a child must have at least a 25 percent delay in one or more developmental areas to be eligible for Early Intervention services, while in Arizona, a child must demonstrate a 50 percent delay in one or more developmental areas to be eligible,” the GAO report said.
For parents like Goodwin, who have navigated the special education system, the patchwork of policies from state to state was surprising.
“You shouldn’t have to go, move from county to county and fight each school system,” Goodwin said. “It’s supposed to be a federal program. It’s supposed to be uniform. It’s supposed to be services that they are entitled to have nationwide.”
Department of Education perspective
Katy Neas, deputy assistant secretary of the Office of Special Education and Rehabilitative Services, said the differences we uncovered are a reflection of the intent of IDEA, which was designed as a framework for states, which can then meet their obligation to provide special education in ways that work most effectively for them.
Neas emphasized that children in special education have complex and unique needs that should be addressed with individual approaches. That, she explained, takes a commitment to serving children in special education that hasn’t been universal.
“If we could change attitudes that would be by far the most important thing we could do. And you only do that when you can show people what success really is,” Neas said. “You can talk about it in lofty terms but until you take somebody by the hand and show them, see this child, see the progress this child has made, see the people who have come together to support this child. Once you show them what it looks like, they think, ‘Oh, I can do that too.’ And so I just really think we need to show people what’s possible.”
Neas was clear, uniformity when it comes to implementation of IDEA isn’t the goal. But in some areas, including wait times for evaluation, Neas said there shouldn’t be vast differences. The delays we uncovered, she said, are concerning, telling InvestigateTV states should have a sense of urgency when it comes to identifying students who need special education.
“The thought of making a child and a family wait in order to get the services their child needs that’s going to influence the rest of their lives, it’s just not acceptable,” Neas said.
Implementation of IEPs
Ana Brannan has been studying special education for years.
As an associate professor in the Special Education program at Indiana University’s School of Education, she has specialized in children’s mental health services.
Brannan’s interest in the special education field developed from her childhood. Having family members with special needs, she found an appreciation for helping educate people who may require services at an early age.
“I am the middle [child] of seven children so from as soon as I could walk, I was helping other little babies walk. I knew by the time I was 12, I was going to do something with kids,” Brannan said. “Over the years I just met more people who had disabilities and there’s a fair few in my family.”
But Brannan’s experience extends beyond her family. She’s seen firsthand how state formulas determine special education eligibility for children. She says some states start with basic screenings, while others use an IQ test.
“There’s a lot of variability across states,” Brannan said. “There’s also variability within states, and one of the reasons is because of resources.”
The variability also extends to compliance with meeting the requirements of IDEA. Although the law has been in place for more than 40 years, many states still fall short of the government’s expectations.
In a report to Congress last year, the Department of Education put more than 20 states and Washington D.C. on a list noting they “needed assistance” meeting IDEA for two or more consecutive years.
Two additional states, New York and Vermont, were classified as “needing intervention”.
Brannan said the states that struggle to meet special education requirements do so because of myriad factors including a lack of funding, teacher shortages and a culture that doesn’t always acknowledge the importance of providing special education services.
“Across the country, there are not enough resources in schools for kids. For kids with disabilities, even more so,” Brannan said. “I think that is a challenge for all of us.”
Families’ experiences receiving special education services
Discovering that a child has challenges in the classroom may happen as a result of close communication with teachers.
That’s one of the reasons that schools across the country implement the “Child Find” initiative, which gives teachers a pathway to highlight students that might need special education assistance. Parents can then give approval to have their children evaluated for services.
Phoenix mom Melissa Grant says her son was diagnosed with ADHD and dyslexia in the fourth grade. He was in kindergarten at Deer Valley Unified School District when his teacher recognized he might benefit from special education.
“I thought it was really an interesting start to the whole process because his kindergarten teacher was the one who was raising the flag, saying, ‘There’s something going on here’,” Grant said.
Another Deer Valley parent, Jillian Jones, had a positive experience with the teachers working with her son, who was diagnosed with dyslexia in grade school.
She now partners with faculty at DVUSD to create those positive experiences for other families who may need services.
Jones leads the Parents of DVUSD Students with Special Needs, a Facebook support group, which has 336 members.
The group offers general information and advocacy support for parents in special education and holds fundraising events for children with learning difficulties. It’s similar to the group Edith Goodwin joined when seeking assistance securing services for her son, Joseph.
Rising Special Education Teacher Shortage and Implementation
Nearly half of all public schools reported part-time and full-time teaching vacancies in 2022, according to the National Center for Education Statistics.
Those numbers also impact special education teachers.
“Many teachers experience burnout and stress trying to meet the needs of their students in special education,” said Terry McDaniel, an Indiana State University professor and supervisor of the annual survey of Hoosier school superintendents.
McDaniel said that the COVID-19 pandemic and virtual learning only exacerbated that trend.
“In Indiana, despite the efforts of the states’ DOE and the legislature to encourage people to pursue special education, the shortage only continued to increase,” McDaniel said.
McDaniel said 2021 had the highest teacher shortage rate in seven years in Indiana, with 96.5 percent of the districts surveyed reporting that they had trouble finding teachers.
“Trying to find special education teachers is very, very difficult,” McDaniel said.
Kelly Myers, a special education teacher at Greater Clark County Schools in southern Indiana, which is among the state’s largest districts, reported that more students are being put into co-taught classes than desired.
“Due to the lack of staff, more students from general education are being placed into the resource group with around 15 to 16 students instead of the usual 10 to 12,” Myers said. “Larger classes make it more difficult for teachers to meet the needs of all their pupils.”
Funding special education
Experts and the federal government itself recognize the lack of funding is problematic for special education.
When the government enacted IDEA in 1975, the legislation came with a commitment to fund 40% of the average cost per special education student, but that promise hasn’t been kept.
As of 2020, only 13.2% of the cost of special education has been covered according to the National Education Association (NAE), a labor union. In Washington, D.C. alone, the NEA says the funding needed to fully cover special education falls short by more than $61 billion.
Neas, with the Department of Education, said states have an obligation to cover the majority of the cost of special education. But she insists Congress also needs to step up to the plate in a more significant way. “We’re going to pay for the needs of these individuals one way or the other. And if we give kids more opportunities in school, they’re going to be independent adults. They’re going to need less support throughout the rest of their lives,” she said. “I kind of feel like, pay me now or pay me later. The investments we make in education for students with disabilities, we will reap the benefits of that for decades to come.”
Some members of Congress are already trying to answer that call to provide more funding. Last year Senator Chris Van Hollen, D-Maryland, and Congressman Jared Huffman, D-Calif., introduced the IDEA Full Funding Act.
The legislation would offer permanent and mandatory funding to grant programs to help states and other underlying areas for special education and related services for children with disabilities.
“I think that the fact that the federal government has shortchanged schools and not met this commitment, has meant the local schools throughout the country also are shortchanging students in their budgets,” said Van Hollen. “And the impact is felt by kids with disabilities.”
Van Hollen said the bill would mean more special education teachers and significantly more resources in the classroom to help children with disabilities. The bill currently sits in the House.
If the legislation passes, it would alleviate some of the burdens. But challenges remain in the special education system, with training for educators among some of the most pressing issues.
Morénike Giwa Onaiwu, a mom and a special education advocate in Texas, said she thinks all teachers should have some sort of special education training regardless of their discipline.
Without that, she says parents have to figure out the system on their own. For Giwa Onaiwu, she faced her own hardships as an adoptive and biological parent of children on the spectrum.
“Trying to navigate special education was just so overwhelming,” Giwa Onaiwu said. “It felt like some kind of game of whack a mole.”
She often felt like she had to Google terms and find the information herself.
“I felt like I spent more time looking things up to make sure they weren’t getting something over on me for my kids than anything else and I said ‘Wow, I don’t want anybody else to go through this,” Giwa Onaiwu said.
She now uses her experience to help advocate for less isolation among special education students and help create a more inclusive environment.
After spending years navigating the special education system, mom Edith Goodwin believes more needs to be done to help families whose children may experience learning difficulties. And she’d like to see more uniformity in the process of obtaining services, so geography isn’t a factor.
Her son, Joseph, is once again enrolled in programs she firmly believes are helping him achieve his educational goals. But she worries about what will happen if the family has to move again.
“They’re getting a great education here in Oregon,” Goodwin said. “But if you go to another state, we’ll have to do the process all over again, just because they were in school and just because there is special education that doesn’t guarantee an education.”
Additional reporting by Hali Tauxe, Ryley Ober and Kayan Tara.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/08/22/unequal-education-special-education-policies-differ-state-state/ | 2022-08-22T22:10:59Z |
HYDERABAD, India and BOSTON, May 25, 2022 /PRNewswire/ -- Excelra, a leading global data and digital insights organization, today announced a partnership with HotSpot Therapeutics, Inc., a biotechnology company pioneering the discovery and development of small molecule allosteric therapies for the treatment of cancer and autoimmune diseases. HotSpot Therapeutics plans to deploy data from Excelra's flagship product GOSTAR toward select protein targets to augment its allosteric inhibitor candidate pipeline.
The partnership aims to enhance HotSpot's drug discovery and development efforts by incorporating GOSTAR's high-quality, annotated datasets into HotSpot's machine learning (ML) and artificial intelligence (AI) models. With the integration of GOSTAR data, HotSpot will continue to advance the discovery and development of small molecule therapy candidates directed toward allosteric targets that have been difficult to drug or undruggable with traditional small molecule approaches.
GOSTAR provides a unique 360⁰ view of over 8 million small molecules and captures the most up-to-date view of the chemical space with information on chemical structures and their biological properties, including binding, in vitro, in vivo, ADME, toxicology, and physicochemical properties. The content in GOSTAR is meticulously curated with a proprietary QMS-ISO-certified process.
"Partnering with HotSpot Therapeutics allows for an exciting application of hit mining, as it combines AI/ML models and structure-based algorithms to accelerate both hit identification and chemical diversification in the field of allostery," said Norman Azoulay, Director of Scientific Products, Excelra.
"HotSpot's Smart AllosteryTM drug discovery platform has delivered a pipeline of small molecule inhibitor candidates directed toward difficult to drug or yet to be drugged targets in cancer and autoimmune disease," said Geraldine Harriman, Ph.D., Co-Founder and Chief Scientific Officer of HotSpot Therapeutics. "Our partnership with Excelra has the potential to expand a portion of HotSpot's AI-enabled capabilities, allowing for the further advancement of our pipeline of targets with identified natural hotspots, as well as the design of novel allosteric modulators."
About Excelra and GOSTAR
Excelra's data and digital insights empower innovation in life sciences from discovery to market. The Excelra edge comes from harmonizing heterogeneous data sets and applying innovative bioinformatics know-how and technologies to accelerate drug discovery and development with reliable and actionable insights. Excelra's GOSTAR is available as an application for users to seek and discover compounds. In addition, it is offered via APIs and as a downloadable dataset to power in-house libraries and machine learning models.
For more information about GOSTAR, visit www.gostardb.com
About HotSpot Therapeutics, Inc.
HotSpot Therapeutics is targeting naturally occurring pockets on certain proteins that it refers to as "natural hotspots" that are decisive in controlling cellular protein function. Largely unexploited by industry, these pockets have significant potential for drug discovery and provide for the systematic design of highly potent and selective small molecules that exhibit novel pharmacology. The company's proprietary Smart Allostery™ platform utilizes computational approaches and AI-driven data mining of large and highly diverse data sets to identify natural hotspots, integrated with a tailored pharmacology toolkit and bespoke chemistry which the company believes will enable rapid delivery of superior hotspot-targeted small molecules. HotSpot has established a pipeline of differentiated allosteric small molecules for the treatment of cancer and autoimmune diseases. To learn more, visit https://www.hotspotthera.com
For media inquiries, contact:
Jigesh Shah
Jigesh.shah@excelra.com
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SOURCE Excelra Knowledge Solutions Pvt Ltd | https://www.mysuncoast.com/prnewswire/2022/05/25/excelra-partners-with-hotspot-therapeutics-enhance-allosteric-drug-discovery-efforts/ | 2022-05-25T14:40:38Z |
KBI: Investigation of Junction City PD will take month or longer
Published: Jun. 23, 2022 at 9:27 PM CDT|Updated: 25 minutes ago
TOPEKA, Kan. (WIBW) - The Kansas Bureau of Investigation says it will be at least a month before they finish their investigation into alleged wrong doing by Junction City Police Dept. personnel.
13 NEWS reached out to the KBI for an update on the case Thursday.
As previously reported, KBI agents executed search warrants last week Wednesday, June 15, at JCPD and other police facilities in Geary County.
The KBI says their investigation started June 7. They declined to provide details about the allegations, but said the employees involved are on administrative leave.
JCPD officials also declined to reveal further details, saying only that the agency is cooperating with the investigation.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/06/24/kbi-investigation-junction-city-pd-will-take-month-or-longer/ | 2022-06-24T02:54:32Z |
BOSTON, Aug. 2, 2022 /PRNewswire/ -- In 2013 Bierman Autism Centers opened its first location in Massachusetts and is excited to share that not only does it have 3 centers within the state today, but it has moved its Needham location to a larger space that includes more therapy rooms and an outdoor play area.
Bierman's location in Needham is now located at 145 Rosemary St, Ste A, Needham, MA 02494.
At this location Bierman offers center-based Autism Spectrum Disorder diagnostic services, ABA Therapy, Speech Therapy, and Occupational Therapy to children between the ages of 18 months to 9 years of age. The clinical team at Bierman uses one-to-one naturalistic teaching to drive learning through play. The Bierman team uses a proprietary data measurement system and a precision teaching methodology to ensure children are progressing and developing skills to become lifelong learners.
Over time, Bierman has graduated more than 175 individuals and is committed to ensuring that children at their centers continue to become confident and empowered. The Bierman circle of care and support includes the whole family, not just the child. Training, collaboration, and resources are provided to parents to empower them and to ensure all are aligned around the same goals.
Alexis Ducharme, Bierman's VP of Marketing and Communications, shared that through this expansion, Bierman plans to continue to hire new team members and create jobs throughout the region.
ABOUT BIERMAN
www.biermanautism.com Bierman Autism Centers is a place where kids as young as 18 months to 9 years of age acquire foundational skills they can build on such as self-advocacy and communication. They recognize that every kid's success is unique, and their one-on-one approach allows them to drive progress and measurable outcomes, ensuring each child is advancing on their own terms.
BIERMAN currently has 14 centers, and is expanding in: Arizona, Indiana, Massachusetts, North Carolina, New Jersey, Rhode Island, and Ohio. For more about Bierman Autism Centers visit www.biermanautism.com or contact marketing@biermanautism.com.
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SOURCE Bierman Autism Centers | https://www.kxii.com/prnewswire/2022/08/02/bierman-autism-centers-expands-services-massachusetts/ | 2022-08-02T11:47:30Z |
Thomas says Supreme Court after leaked draft opinion is ‘not the court’ of Ginsburg’s era
By Shawna Mizelle and Joan Biskupic, CNN
Justice Clarence Thomas on Friday expressed dismay at the recent leak of a draft Supreme Court opinion that would strike down Roe v. Wade, comparing it to “an infidelity” and saying it has changed the culture of the nation’s highest court.
“The institution that I’m a part of, if someone said that one line of one opinion would be leaked by anyone, you’d say, ‘Oh, that’s impossible. No one would ever do that.’ There is such a belief in the rule of law, a belief in the court, a belief in what we were doing that that was verboten,” Thomas said. “It was beyond anyone’s understanding, or at least anyone’s imagination, that someone would do that.”
The comments from the 73-year-old justice were delivered at an “Old Parkland Conference” event sponsored by the right-leaning American Enterprise Institute in Dallas. The remarks echoed those he had made earlier this month in Atlanta, when he said government institutions shouldn’t be “bullied” into delivering what some see as the preferred outcome.
Thomas was interviewed by former law clerk John Yoo, a law professor at the University of California at Berkeley and a senior fellow at the American Enterprise Institute, during a dinner event at the three-day conference focused on challenges facing Black Americans.
Asked by a member of the audience how Americans and Congress could better foster friendships despite differing ideologies, like the friendship between the late Justices Antonin Scalia and Ruth Bader Ginsburg, Thomas replied, “Well, I’m just worried about keeping it at the court now. This is not the court of that era.”
Thomas, who was appointed in 1991 and sat on the bench with 1993 appointee Ginsburg for nearly 30 years, said, “We actually trusted each other. We may have been a dysfunctional family, but we were a family, and we loved it. I mean, you trusted each other, you laughed together, you went to lunch together every day, and I can only hope you can keep it.”
The leak, he said, had eroded trust, and “you begin to look over your shoulder. It’s like kind of an infidelity, that you can explain it, but you can’t undo it.”
The final opinion in the case — which stands as a direct challenge to Roe v. Wade’s holding of a federal constitutional right to an abortion — has not been released, and votes and language can still change before then. The opinion is not expected to be issued until late June.
“I do think what happened at the court is tremendously bad,” Thomas said. “I wonder how long we’re going to have these institutions at the rate we’re undermining them, and then I wonder when they’re gone or they are destabilized, what we’ll have as a country — and I don’t think that the prospects are good if we continue to lose them.”
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/politics/cnn-us-politics/2022/05/13/thomas-says-supreme-court-after-leaked-draft-opinion-is-not-the-court-of-ginsburgs-era/ | 2022-05-14T11:08:07Z |
The leading provider of cloud-based e-commerce fulfillment solutions opens new warehouses in Canada and expands its footprint in the US
NEW YORK , May 24, 2022 /PRNewswire/ -- ShipHero (https://shiphero.com/), the leading shipping and logistics platform for over 5,000 e-commerce brands and 3PLs, announces its first international acquisition, Canadian delivery provider, Delivery Net, – providing 250,000 square feet of warehouse space in Toronto, anchoring the company's commitment to supporting its customers as they scale operations in new markets.
With ongoing disruptions to the supply chain, it has never been more logistically challenging to ship goods and products, especially internationally. Delivery Net has been a leader in the Canadian marketplace for over twenty years. Now a key partner to ShipHero's growing fulfillment network, Delivery Net will serve as the Canadian 3PL extension for ShipHero, with warehouses in both Toronto and Vancouver. ShipHero now offers fulfillment services out of both locations plus duty-free imports through its Section 321 certification, in addition to integrated zone skipping in its top-rated Warehouse Management Services (WMS) for all Canadian Customers.
For ShipHero CEO & Founder, Aaron Rubin, the expansion of ShipHero couldn't have come at a better time. "Currently, we serve over $8 billion a year of GMV. That significant volume, paired with an unpredictable and fast-growing e-commerce sector, makes expanding our physical network a necessary step in order to optimize the tools and resources we can offer customers" says Rubin.
This activity is the latest in a series of strategic gains made by ShipHero since closing its series-A funding round in 2021, which include the acquisitions of Utah-based warehouse Golden Egg Solutions and Florida's Cargo Cove, alongside a 200,000-square-foot warehouse expansion in North Las Vegas at the close of Q3 2021. In total, ShipHero has expanded its footprint to a total 1.1 million square feet, including 5 acquisitions in the last 12 months.
ShipHero has a $100 million run rate this year, up from $5 million in 2019. The company has experienced 20x growth over the last three years, with plans to further build out its fulfillment capabilities on a global scale in 2022.
For more updates and information on ShipHero, visit: https://shiphero.com/
About ShipHero
ShipHero is a US based, leading provider of cloud-based e-commerce fulfillment solutions that gives online retailers and third-party logistics providers the tools to ship more efficiently anywhere in the world. With more than 5,000 customers located around the globe, ShipHero offers online retailers a suite of services ranging from warehouse management software to outsourced fulfillment as a service. Some notable customers include Glossier, Mars, Universal Music Group and Canadian Tire. Additionally, ShipHero is the official fulfillment network partner for Shopify, and is rapidly scaling a network of warehouses throughout the US to meet the growing demands of today's online retailers.
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SOURCE ShipHero | https://www.mysuncoast.com/prnewswire/2022/05/24/shipping-amp-logistics-platform-shiphero-announces-north-america-expansion/ | 2022-05-24T12:53:49Z |
Acquisition adds to recurring fee income streams and expands lodging offerings to strengthen Ascott's leading position
SINGAPORE, July 5, 2022 /PRNewswire/ -- CapitaLand Investment Limited's (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott) announced it is acquiring Oakwood Worldwide (Oakwood), a premier global serviced apartment provider, from Mapletree Investments Pte Ltd. The acquisition increases Ascott's global portfolio by 81 properties and about 15,000 units. Oakwood's approximately 8,500 operational units are expected to immediately contribute to Ascott's recurring fee income streams upon completion of the transaction slated in 3Q 2022.
Ascott's acquisition of Oakwood will leapfrog Ascott's global presence to more than 150,000 units in about 900 properties across over 200 cities in 39 countries. It will add new markets which include Cheongju in South Korea; Zhangjiakou and Qingdao in China; Dhaka in Bangladesh as well as Washington D.C. in the United States of America (USA). Recently named the 'Best Serviced Residence Brand' in DestinAsian Readers' Choice Awards 2022, Oakwood's award-winning portfolio includes flagship properties Oakwood Premier Tokyo and Oakwood Premier Coex Center Seoul which were ranked top 10 properties in their respective countries in the DestinAsian awards. New properties such as Oakwood Premier Melbourne and Oakwood Hotel Oike Kyoto, will also add to the group's destination highlights.
Mr Kevin Goh, CLI's Chief Executive Officer for Lodging, said: "This acquisition of Oakwood is part of Ascott's roadmap to playing a bigger role in the lodging market. There are significant synergies between Ascott and Oakwood, given our complementary footprint and product offerings. We intend to build on the strong reputation and heritage of the Oakwood brand, especially in markets across Southeast Asia, North Asia and North America. Oakwood will continue to grow alongside Ascott's current portfolio of global brands as we continue to build growth momentum for our lodging business. We will be able to leverage Ascott's extensive expertise as a global lodging player to deliver greater value to our expanded network of loyal customers and property owners."
"Besides strategic alignment, this acquisition is also notable to Ascott commercially. Ascott's acquisition of Oakwood brings about an immediate boost to our units under management and franchise contracts. The Oakwood portfolio will accelerate the growth of our asset-light business, with added recurring fee income streams, expanded lodging offerings and increased customer base. The strategic moves we have made in the last few years, such as our investments in Quest, Synergy and TAUZIA have charted an unprecedented growth path for Ascott," added Mr Goh.
Ascott's strategic investments in the past years include its acquisition of Quest Apartment Hotels (Quest), one of the largest serviced apartment operators in Australasia, in 2017 to grow its business franchise arm. In the same year, Ascott invested in Synergy Global Housing (Synergy), a leading corporate housing provider in the USA. In 2018, Ascott acquired TAUZIA Hotel Management (TAUZIA), one of the top hotel operators in Indonesia, to enter the fast-growing mid-scale business hotel segment. With Oakwood coming onboard, Ascott is confident of achieving its target of 160,000 units globally well ahead of 2023.
Founded in Los Angeles in 1962, Oakwood is a leading provider of serviced apartments globally with a presence in more than 15 countries. The company pioneered and established its reputation in the USA as the premier provider of corporate housing, before developing expertise as a hospitality company with more than 80 branded properties under its management internationally. For more information, please visit www.Oakwood.com.
About The Ascott Limited
The Ascott Limited (Ascott) is a Singapore company that has grown to be one of the leading international lodging owner-operators. Ascott's portfolio spans over 200 cities across over 30 countries in Asia Pacific, Central Asia, Europe, the Middle East, Africa, and the USA.
Ascott has more than 81,000 operating units and over 54,000 units under development, making a total of more than 135,000 units in over 800 properties.
The company's serviced apartment, coliving and hotel brands include Ascott The Residence, The Crest Collection, Somerset, Quest, Citadines, lyf, Préférence, Vertu, Harris, Citadines Connect, Fox, Yello, Fox Lite and POP!.
Ascott's loyalty programme, Ascott Star Rewards, offers exclusive benefits to its members when they book directly with Ascott for their stays at its participating properties.
Ascott, a wholly owned subsidiary of CapitaLand Investment Limited, pioneered Asia Pacific's first international-class serviced apartment with the opening of The Ascott Singapore in 1984. Today, the company boasts over 30 years of industry track record and award-winning brands that enjoy recognition worldwide.
For more information, please visit www.discoverasr.com.
About CapitaLand Investment Limited
Headquartered and listed in Singapore, CapitaLand Investment Limited (CLI) is a leading global real estate investment manager (REIM) with a strong Asia foothold. As at 31 March 2022, CLI had about S$124 billion of real estate assets under management, and about S$86 billion of real estate funds under management (FUM) held via six listed real estate investment trusts and business trusts, and 29 private funds across the Asia-Pacific, Europe and USA. Its diversified real estate asset classes cover integrated developments, retail, office, lodging, business parks, industrial, logistics and data centres.
CLI aims to scale its FUM and fee-related earnings through its full stack of investment management and operating capabilities. As the listed investment management business arm of the CapitaLand Group, CLI has access to the development capabilities of and pipeline investment opportunities from CapitaLand's development arm. Being a part of the well-established CapitaLand ecosystem differentiates CLI from other REIMs.
As part of the CapitaLand Group, CLI places sustainability at the core of what it does. As a responsible real estate company, CLI contributes to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders.
Visit http://www.capitalandinvest.com for more information.
Issued by: The Ascott Limited
Website: www.discoverasr.com
168 Robinson Road, #30-01 Capital Tower, Singapore 068912
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SOURCE The Ascott Limited | https://www.mysuncoast.com/prnewswire/2022/07/05/ascott-acquires-oakwood-worldwide-fast-track-growth-over-150000-units-globally/ | 2022-07-05T10:20:20Z |
WASHINGTON, Aug. 10, 2022 /PRNewswire/ -- MetTel, a leader in digital transformation and IT communications, has named long-time AT&T executive Don Parente as Vice President, Federal Practice, responsible for sales to the U.S. Department of Defense (DoD) and through systems integrators enabling them to better serve their U.S. government clients.
MetTel's Federal Practice is a growing organization with over $2.5 billion in task orders awarded under the EIS contract vehicle since 2020. MetTel provides services as part of the General Service Administration's (GSA) $50 billion Enterprise Infrastructure Solutions (EIS) contract as well as the GSA's Schedule 70 and the U.S. Navy's Spiral 3 contracts.
Parente's new role will position him to expand on MetTel's thriving business with the DoD, including ongoing awards with the Navy and Marine Corps. He will also preside over MetTel's strategic relationships with government-focused integrators such as current partners Raytheon Technologies and SAIC.
"I'm thrilled to welcome Don Parente, an accomplished former colleague of mine, to MetTel," said Robert Dapkiewicz, SVP and general manager of MetTel's Federal Practice. "Don has a proven track record of leading successful business efforts at the highest levels and will undoubtedly contribute to MetTel's growth in these critical areas."
Parente joins MetTel after 25 years at AT&T serving in many roles, across commercial and government segments, with increasing responsibility in the areas of solution architecture, marketing, product management, sales engineering, and sales. Most recently, he was assistant vice president and general manager supporting AT&T's largest systems integrator customers. Prior to that role, he led global technical sales for the AT&T Public Sector Solutions organization, where he oversaw a team of 200+ engineers and architects and supported clients spanning federal, state, local, education, and global government segments. In this role, Parente drove significant revenue growth and supported several large contract awards.
"I look forward to reconnecting with Rob Dapkiewicz at MetTel and continuing to work with the defense and systems integrator communities," said Parente. "MetTel is clearly an ascending company with tremendous opportunities ahead of it and I want to help drive that growth."
MetTel is the only US-based, two-time leader of the Gartner Magic Quadrant for Managed Network Services, 2020 – 2021. The company has won awards for its industry- leading customer service the past nine consecutive years. MetTel has also won multiple innovation awards for its SD-WAN and MetTel Portal solutions as well as Timmy Awards for the most diverse technology company in New York.
MetTel is a leader in communications and digital transformation (DX) solutions for enterprise customers. By converging all communications over a proprietary network, MetTel gives enterprises one, unified view and control point for all their communications and advanced network services. MetTel's comprehensive portfolio of customer solutions can boost enterprise productivity, reduces costs and simplifies operations. Combining customized and managed communication solutions with a powerful platform of cloud-based software, the company's MetTel Portal® enables customers to manage their inventory, usage, spend and repairs from one simple, user friendly interface. For more information visit www.mettel.net, follow us on Twitter (@OneMetTel) and on LinkedIn, or call us directly at 877.963.8663. MetTel. Connect Smarter.™
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SOURCE Manhattan Telecommunication Corporation (MetTel) | https://www.mysuncoast.com/prnewswire/2022/08/10/atampt-gm-don-parente-joins-mettel-vp-federal-practice-dod-systems-integrators/ | 2022-08-10T14:01:22Z |
Widely respected former BofA Merrill Research leader brings additional fiduciary support and investment insight to Sanctuary advisors and their clients
INDIANAPOLIS, Sept. 8, 2022 /PRNewswire/ -- Sanctuary Wealth, home to the next generation of elite advisors, announces the appointment of Mary Ann Bartels to the newly created office of Chief Investment Strategist. A veteran of more than 35 years in financial services, she spent more than two decades at Bank of America Merrill Lynch, where she was Head of Technical & Market Analysis and led the Research Investment Committee (RIC). She brings a wealth of knowledge and experience that will provide tremendous value to Sanctuary partner firms and allow them to offer additional innovative investment solutions to clients.
During that time, she created research that advisors and clients relied on to make informed decisions regarding their investments and received the prestigious Institutional Investor All-American Research award for six consecutive years. Mary Ann has been a frequent commentator on CNBC, Bloomberg, and Fox Business and is regularly quoted in respected publications including Barron's, The Wall Street Journal, and Financial Times. She has been a regular presenter at the annual Barron's Advisor Women Summit, including serving as a keynote speaker.
"Mary Ann has built an outstanding and well-deserved reputation on Wall Street over the last 30-plus years for her research skills and thoughtful insights," said Jim Dickson, CEO and Founder of Sanctuary Wealth. "She's fiercely dedicated to providing the best solutions to advisors and their clients as well as being a tireless advocate for women in the financial world. Independent financial advisors don't normally have access to someone of Mary Ann's caliber. Our network will have direct access to collaborate with her as much as they want."
During her time in the Merrill Lynch Chief Investment Office (CIO), she produced thought leadership on investment guidance and portfolio strategies for advisors and their clients, including the creation of the first client roadshow and spent six years educating advisors, clients, and prospects about the markets, the economy, and world events. Mary Ann also created the first research products for Exchange Traded Funds (ETF) for a large investment banking firm covering over 500 ETFs.
"I'm excited to be joining Sanctuary Wealth because I love the markets, but what I love most is working with best-in-class advisors and their clients to assist them in building out their future plans. It's a passion I've had for decades, and Sanctuary is the ideal place for me to put that passion to work in the service of others," said Mary Ann Bartels, Chief Investment Strategist, Sanctuary Wealth. "I've always felt that an important part of my mission was to help people understand the markets and market behavior so they can make better informed decisions with their advisors. I look forward to continuing to do that with Sanctuary's growing roster of advisor partners."
Throughout her career, Mary Ann has been a strong advocate for women in financial services due to the mentorship of her aunt Bernadette Bartels Murphy, who started working on Wall Street in the 1950s and rose to become one of the first woman traders and a trusted source for investment counsel for countless clients.
In keeping with her career-long commitment to providing guidance to advisors and their clients, after leaving Bank of America in 2020, Mary Ann immersed herself in the world of decentralized finance (DeFi), blockchain, and cryptocurrencies, taking several courses and joining the London Real Investment Club, a prestigious investment club that specializes in the space.
"I believe this is a new part of our infrastructure that's going to be built out over time," she explained. "We will probably go through many changes as this new form of technology evolves under the umbrella of decentralized finance including cryptocurrencies, NFTs, and the metaverse, and I want to be able to help Sanctuary's advisors and their clients understand and participate in this exciting new development."
"During our time together at Merrill Lynch, Mary Ann was a favorite of both the financial advisors and some of our largest clients," said Vince Fertitta, President of Sanctuary Wealth. "She has an incredible knack for making the complex easy to digest and to act upon. She will be an outstanding resource for Sanctuary partner firms and their clients. We are thrilled that Mary Ann chose to join our team at Sanctuary."
Also joining Sanctuary Wealth is Laura Anacker, Portfolio Strategist. Laura brings over 18 years of experience in the financial services industry, holding various positions at Merrill Lynch and Goldman Sachs. She's spent the better part of the last 9 years as an Investment Advisory Specialist where she was responsible for providing fiduciary portfolio construction and guidance to over 700 domestic and international Merrill Financial Advisors and Private Wealth Advisors.
About Sanctuary Wealth
Sanctuary Wealth (sanctuarywealth.com/) is the advanced platform for the next generation of elite advisors, who have the entrepreneurial spirit to build and own their own practices and desire the freedom to deliver the tailored service their clients deserve. Sanctuary Wealth's ecosystem of partnered independence provides a complete technology and operations platform, as well as support from a community of like-minded advisors and the resources of invaluable affiliated businesses. Currently, the Sanctuary Wealth network includes partner firms in 27 states across the country with approximately $25 billion in assets under advisement. Sanctuary Wealth includes the fully owned subsidiaries; Sanctuary Advisors LLC, an SEC-registered investment adviser, Sanctuary Securities, Inc. a FINRA member broker-dealer as well as Sanctuary Alternative Holdings, Sanctuary Asset Management, Sanctuary Insurance Solutions, Sanctuary Global, and Sanctuary Global Family Office.
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SOURCE Sanctuary Wealth | https://www.kxii.com/prnewswire/2022/09/08/financial-services-veteran-mary-ann-bartels-joins-sanctuary-wealth-chief-investment-strategist/ | 2022-09-08T18:19:13Z |
BEIJING, June 15, 2022 /PRNewswire/ -- Waterdrop Inc. ("Waterdrop", the "Company" or "we") (NYSE: WDH), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, today announced its unaudited financial results for the first quarter ended March 31, 2022.
Financial and Operational Highlights for the First Quarter of 2022
- Recovery to positive business growth: For the first quarter of 2022, the first-year premiums ("FYP") generated through our Waterdrop Insurance Marketplace amounted to RMB1,866.1 million (US$294.4 million), and our net operating revenue was RMB648.7 million (US$102.3 million) which represented an increase of 7.4% quarter over quarter, resuming positive growth after our business strategy has been adjusted from pursuing fast growth to enhancing quality development and profitability.
- Effective cost control and consistent profitability improvement: For the first quarter of 2022, our sales and marketing expenses decreased by 75.6%, and total operating costs and expenses decreased by 60.4% year over year, respectively, resulting in a US GAAP net profit of RMB105.0 million (US$16.6 million) for the first time following the non-GAAP profit in the fourth quarter of 2021. Our non-GAAP net profit was RMB127.3 million (US$20.1 million) for the first quarter of 2022, a significant increase quarter over quarter. These results have showcased our effective cost control and consistent commitment to achieving profitability.
- Steady growth in the number of insurance customers: The number of cumulative insurance customers reached 111.1 million and cumulative paying insurance customers reached 28.8 million as of March 31, 2022.
- Positive cash flow: As of March 31, 2022, our cash and cash equivalents and short-term investment balance increased by RMB137.1 million from the end of 2021 to RMB2,924.2 million (US$461.3 million), as we continued to generate positive operating cash flow, partially offset by the investing and financing cash outflow.
- Further expanded product offerings: As of March 31, 2022, we offered 408 insurance products on our platform, as compared with 364 as of December 31, 2021. Over 90% of the FYP generated through our Waterdrop Insurance Marketplace was contributed by our exclusive customized insurance products. In the first quarter of 2022, the FYP of critical illness insurance increased by 39.9% quarter over quarter, and accounted for 27.6% of overall FYP, up by 8.2 percentage points as compared with the fourth quarter of 2021.
- As of March 31, 2022, over 403 million people cumulatively donated an aggregate of approximately RMB50.9 billion to nearly 2.5 million patients through our Waterdrop Medical Crowdfunding.
Mr. Peng Shen, Founder, Chairman, and Chief Executive Officer of Waterdrop, commented, "2022 marks the sixth anniversary of Waterdrop, and we are embracing a new beginning. For the first quarter of 2022, I am pleased to report we achieved a US GAAP net profit for the first time in our operating history after turning profitable on a non-GAAP basis in the prior quarter. We managed to further reduce sales and marketing expenses and operating costs. Our operating performance and business trends over the past two quarters also increased our confidence in being able to keep the momentum and achieve the overall profitability goal we set for the full year.
For our insurance business, the first quarter of 2022 was the second full quarter after upgrading our business model, and we have already significantly improved our operational efficiencies. We systematically optimized the operating model of 'multi-platform, multi-supply and multi-service mode'. We leveraged innovative operational scenarios to effectively increase engagement with users, and further increased the repurchase rate and renewal rate to over 70% and 90%, respectively. We also added new medical insurance products to our portfolio such as the chronic disease and the kidney disease-specific versions, and launched multiple critical illness protection plans that cater to the needs of diverse customer groups with different price sensitivities. Meanwhile, we continued to evolve our AI-empowered business and increased our efforts in exporting our AI capabilities to our insurance partners.
In terms of healthcare business exploration, we made further progress in solidifying our market position in patient recruitment for clinical trials. We helped with the enrollment of over 50 new clinical trial programs by partnering with leading domestic and international pharmaceutical companies. Over 500 patients have been successfully registered for clinical trial programs on our platform in the first quarter, representing a solid growth compared with the previous quarter. Leveraging our large patient pool and capability in precisely and efficiently matching patients with suitable programs on our AI-powered platform, we have effectively addressed the pain points of patient recruitment services and are fully committed to becoming one of the best third-party patient recruitment platforms.
As a company with positive social impact and strong sense of ESG responsibilities, we became a participant of the United Nations Global Compact (UNGC), joining hands with more than 16,000 companies in 161 countries around the world to shape a sustainable future together. We remain committed to our mission of 'leveraging internet technologies to make insurance protection more inclusive and accessible to all, and bring insurance and healthcare service to billions'. We also proactively leveraged our competitive strengths and digital service capabilities to promote, implement and achieve our sustainable development goals."
Financial Results for the First Quarter of 2022
Operating revenue, net
Net operating revenue for the first quarter of 2022 decreased by 26.6% year over year to RMB648.7 million (US$102.3 million) from RMB883.4 million for the same period of 2021, which was primarily due to the decrease in insurance-related income. The net operating revenue increased by 7.4% compared with the fourth quarter of 2021, mainly driven by the increase in insurance-related income.
- Insurance-related income includes insurance brokerage income and technical service income. Insurance brokerage income represents brokerage commissions earned from insurance companies. Technical service income is derived from providing technical services to insurance companies, insurance brokerage, and agency companies, which include customer relationship maintenance, customer complaint management, claim review, user referral services, among other things. Our insurance-related income amounted to RMB628.2 million (US$99.1 million) in the first quarter of 2022, representing a decrease of 23.9% year over year from RMB825.4 million for the first quarter of 2021, which was mainly due to the decrease in insurance brokerage income.
- Net operating revenue from management fee income was nil for the first quarter of 2022, compared to RMB2.7 million for the same quarter of 2021, which was mainly due to the cessation of the mutual aid business at the end of March 2021. Following this adjustment, the corresponding management fee income from the mutual aid business is no longer a revenue stream for the Company from the second quarter of 2021 and onwards. Excluding such management fee income, the adjusted net operating revenue(1) for the first quarter of 2022 decreased by 26.3% compared with the same period of 2021.
Operating costs and expenses
Operating costs and expenses decreased by 60.4% year over year and 21.5% quarter over quarter to RMB532.0 million (US$83.9 million) for the first quarter of 2022, due to the effective cost control measures taken since the third quarter of 2021.
- Operating costs decreased by 48.5% year over year to RMB154.9 million (US$24.4 million) for the first quarter of 2022, compared with RMB300.6 million for the first quarter of 2021, which was primarily driven by (i) RMB38.6 million decrease in professional and outsourced customer service fees; (ii) RMB5.2 million decrease in payout investigation cost due to the cessation of mutual aid business, (iii) a decrease of RMB35.3 million in personnel cost for our expanded consultants and insurance agents team and (iv) a decrease of RMB76.8 million in relation to the cessation of the Waterdrop Mutual Aid business. On a quarter-over-quarter basis, operating costs decreased by 21.4% as compared to the fourth quarter of 2021, primarily due to a decrease of RMB44.9 million in personnel costs.
- Sales and marketing expenses decreased materially by 75.6% year over year to RMB204.3 million (US$32.2 million) for the first quarter of 2022, compared with RMB837.2 million for the first quarter of 2021. The decrease was primarily due to (i) RMB619.8 million decrease in marketing expenses to third-party traffic channels and (ii) RMB17.9 million decrease in outsourced sales and marketing service fees to third parties, offset by an increase of RMB14.4 million in payroll and related expenses for the employees involved in sales and marketing functions. On a quarter-over-quarter basis, sales and marketing expenses decreased by 15.2% from RMB241.0 million for the fourth quarter of 2021. This was mainly due to the decrease of RMB26.5 million in marketing expenses to third-party traffic channels, RMB5.4 million in payroll and related expenses for employees, and RMB3.3 million in outsourced sales and marketing service fees to third parties under our cost control plan and more strict budgeting for expenses.
- General and administrative expenses decreased by 15.9% year over year to RMB102.0 million (US$16.1 million) for the first quarter of 2022, compared with RMB121.3 million for the first quarter of 2021. The year-over-year variance was a net impact of the decrease of RMB45.1 million in share-based compensation expenses offset by (i) RMB7.2 million increase in D&O insurance premiums, (ii) RMB4.7 million increase in professional service fees, and (iii) RMB11.5 million increase in allowance for doubtful accounts. On a quarter-over-quarter basis, general and administrative expenses decreased by 31.4% from RMB148.7 million for the fourth quarter of 2021, which was mainly due to the combined impact of a decrease of RMB39.0 million in impairment loss and RMB15.9 million in personnel cost and share-based compensation expenses.
- Research and development expenses decreased by 16.6% year over year to RMB70.8 million (US$11.2 million) for the first quarter of 2022, compared with RMB84.9 million for the same period of 2021. The decrease was primarily due to RMB13.8 million decreases in research and development personnel costs and share-based compensation expenses. On a quarter-over-quarter basis, research and development expenses decreased by 22.1% compared to the fourth quarter of 2021, mainly due to the optimization of our organizational structure.
Operating profit for the first quarter of 2022 was RMB116.6 million (US$18.4 million), compared with an operating loss of RMB460.6 million for the first quarter of 2021 and a loss of RMB73.9 million for the fourth quarter of 2021.
Interest income for the first quarter of 2022 was RMB14.5 million (US$2.3 million), compared with RMB13.2 million for the same period of 2021. The increase was primarily due to the increase in our bank balance and short-term investments as a result of the receipt of net proceeds from the completion of our initial public offering in May 2021 and positive operating cash flow generated from the business during the first quarter of 2022.
Income tax expense for the first quarter of 2022 was RMB51.3 million (US$8.1 million), compared with an income tax benefit of RMB74.3 million for the same period of 2021.
Net profit attributable to Waterdrop for the first quarter of 2022 was RMB105.0 million (US$16.6 million), compared with a net loss of RMB370.2 million for the same period of 2021, and a net loss of RMB71.2 million for the fourth quarter of 2021.
Adjusted net profit attributable to Waterdrop for the first quarter of 2022 was RMB127.3 million (US$20.1 million), compared with an adjusted net loss of RMB203.1 million for the same period of 2021, and an adjusted net profit of RMB5.9 million for the fourth quarter of 2021.
Cash and cash equivalents and short-term investment
As of March 31, 2022, the Company had combined cash and cash equivalents and short-term investments of RMB2,924.2 million (US$461.3 million), as compared with RMB2,787.1 million as of December 31, 2021.
Share Repurchase Plan
Pursuant to the 12-month share repurchase program announced on September 8, 2021, since the announcement up to the end of the first quarter of 2022, we cumulatively repurchased approximately 3.1 million ADSs from the open market with cash for a total consideration of approximately US$5.1 million.
Business Outlook
The Company expects to achieve overall profitability on a non-GAAP basis for the year 2022 under the circumstances that we keep investing in established businesses and new initiatives. We also expect the net operating revenue growth to continue quarter over quarter in the second quarter of 2022. This forecast is based on the current market conditions and reflects the Company's preliminary view and estimates, which are all subject to changes.
Exchange Rate
This announcement contains translations of certain RMB amounts into U.S. dollars ("USD" or "US$") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to USD were made at the rate of RMB6.3393 to US$1.00, the noon buying rate in effect on March 31, 2022 in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or USD amounts referred could be converted into USD or RMB, as the case may be, at any particular rate or at all. For analytical presentation, all percentages are calculated using the numbers presented in the financial statements contained in this earnings release.
Non-GAAP Financial Measures
The Company uses non-GAAP financial measures, such as adjusted net operating revenue and adjusted net profit/loss, in evaluating the Company's operating results and for financial and operational decision-making purposes. Adjusted net operating revenue represents net operating revenue excluding management fee income from mutual aid business. Adjusted net profit/loss represents net profit/loss excluding share-based compensation expense, the impact of terminating the mutual aid plan, foreign currency exchange gain or losses, impairment loss, and share of results of equity method investee. Such adjustments have no impact on income tax.
The non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. The non-GAAP financial measures have limitations as analytical tools and when assessing the Company's operating performance, investors should not consider them in isolation, or as a substitute for net loss or other consolidated statements of comprehensive loss data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. Investors are encouraged to review the Company's historical non-GAAP financial measures to the most directly comparable GAAP measures. Adjusted net operating revenue and adjusted net profit/loss presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to our data. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.
The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company's performance. For more information on the non-GAAP financial measures, please see the table captioned "Reconciliation of GAAP and Non-GAAP Results" set forth at the end of this press release.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Among other things, quotations in this announcement, contain forward-looking statements. Waterdrop may also make written or oral forward-looking statements in its periodic reports to the Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Waterdrop's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Waterdrop's mission, goals and strategies; Waterdrop's future business development, financial condition and results of operations; the expected growth of the insurance, medical crowdfunding and healthcare industry in China; Waterdrop's expectations regarding demand for and market acceptance of our products and services; Waterdrop's expectations regarding its relationships with consumers, insurance carriers and other partners; competition in the industry and relevant government policies and regulations relating to insurance, medical crowdfunding and healthcare industry. Further information regarding these and other risks is included in Waterdrop's filings with the SEC. All information provided in this press release is as of the date of this press release, and Waterdrop does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Conference Call Information
Waterdrop's management team will hold a conference call on June 15, 2022 at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time on the same day) to discuss the financial results. Dial-in details for the earnings conference call are as follows:
Please dial in 15 minutes before the call is scheduled to begin and provide the Elite Entry Number to join the call.
A telephone replay will be accessible two hours after the conclusion of the conference call through June 22, 2022 by dialing the following numbers:
A live and archived webcast of the conference call will also be available at the Company's investor relations website at http://ir.waterdrop-inc.com/.
About Waterdrop Inc.
Waterdrop Inc. (NYSE: WDH) is a leading technology platform dedicated to insurance and healthcare service with a positive social impact. Founded in 2016, with the comprehensive coverage of Waterdrop Insurance Marketplace and Waterdrop Medical Crowdfunding, Waterdrop aims to bring insurance and healthcare service to billions through technology. For more information, please visit www.waterdrop-inc.com.
For investor inquiries, please contact
Waterdrop Inc.
Xiaojiao Cui
IR@shuidi-inc.com
Christensen
In China
Mr. Eric Yuan
Phone: +86-1380-111-0739
E-mail: Eyuan@christensenir.com
In the US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@christensenir.com
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SOURCE Waterdrop Inc. | https://www.wibw.com/prnewswire/2022/06/15/waterdrop-inc-announces-first-quarter-2022-unaudited-financial-results/ | 2022-06-15T07:35:09Z |
FDA is ‘working around the clock’ to address baby formula shortage, Psaki says
By Allie Malloy, CNN
White House press secretary Jen Psaki said Monday that the US Food and Drug Administration is “working around the clock” to address the baby formula shortage, as manufacturers say they’re producing at full capacity and making as much formula as they can — but it’s still not enough to meet current demand.
“The FDA issued a recall to make sure that they’re meeting their obligation to protect the health of Americans — including babies who, of course, were receiving or taking this formula — and ensure safe products are available. That’s their job,” Psaki said.
“Ensuring the availability is also a priority for the FDA and they’re working around the clock to address any possible shortage,” she added.
Psaki said the FDA is taking “a number of steps” to address the issue, including working with major infant formula manufacturers to ensure their increasing production and working with the industry to optimize supply lines, product sizes and prioritizing product lines that are of greatest need.
“The FDA, it is not just their responsibility in their view to ensure that we’re meeting our obligations to protect Americans, it is also their obligation to take steps to make sure supply can be met when they take these steps,” Psaki said.
Psaki also said she didn’t believe there was national stockpile of baby formula when asked.
For months, stores nationwide have been struggling to stock enough baby formula. Manufacturers say they’re producing at full capacity and making as much formula as they can, but it’s still not enough to meet current demand.
The out-of-stock rate for baby formula hovered between 2% and 8% in the first half of 2021, but began rising sharply last July. Between November 2021 and early April 2022, the out-of-stock rate jumped to 31%, data from Datasembly showed.
That rate increased another 9 percentage points in just three weeks in April, and now stands at 40%, the statistics show. In six states — Iowa, South Dakota, North Dakota, Missouri, Texas and Tennessee — more than half of baby formula was completely sold out during the week starting April 24, Datasembly said.
The shortage has been exacerbated by the FDA’s shutdown of an Abbott Nutrition facility in Sturgis, Michigan. Abbott is a major producer of baby formula.
In February, the FDA recalled three brands of powdered baby formulas made by the company due to potential bacterial infections, including Salmonella. The agency advised parents not to buy or use certain batches of Similac, Alimentum and EleCare powdered infant formulas, all Abbott brands.
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CNN’s Parija Kavilanz and Ramishah Maruf contributed to this report. | https://localnews8.com/politics/cnn-us-politics/2022/05/09/fda-is-working-around-the-clock-to-address-baby-formula-shortage-psaki-says/ | 2022-05-11T23:32:38Z |
NEW YORK, Aug. 1, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Greenidge Generation Holdings Inc. ("Greenidge" or the "Company") (NASDAQ: GREE). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
The investigation concerns whether Greenidge and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On February 2, 2022, Greenidge announced selected preliminary operating results for the fourth quarter and full year of 2020. Among other results, the Company reported that it "[e]xpects GAAP Net Loss of $(51) to $(41) million, including a noncash goodwill impairment charge related to the Support.com business of $42 to $47 million[.]"
On this news, Greenidge's stock price fell $1.51 per share, or 11.93%, to close at $11.15 per share on February 2, 2022.
Then, on June 30, 2022, the New York State Department of Environmental Conservation ("DEC") issued a statement "announc[ing] its denial of the Title V air permit renewal for the Greenidge Generation, LLC, facility located in the town of Torrey, Yates County." DEC stated that it had "determined the permit renewal application does not demonstrate compliance with the requirements of the Climate Leadership and Community Protection Act. Based on DEC's review of the specific facts and circumstances presented, this natural gas-fired facility's continued operations would be inconsistent with the statewide greenhouse gas emission limits established in the Climate Act." DEC specified that "[a]mong the factors considered was the dramatic increase in greenhouse gas emissions from the facility since the passage of the Climate Act, driven by the change in the primary purpose of its operations. Rather than solely providing energy to the state's electricity grid, the power plant now primarily provides energy behind-the-meter to support the demands of Greenidge's energy-intensive proof of work cryptocurrency mining operations."
On this news, Greenidge's stock price fell $0.20 per share, or 7.3%, to close at $2.54 per share on June 30, 2022.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP | https://www.wibw.com/prnewswire/2022/08/01/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-greenidge-generation-holdings-inc-gree/ | 2022-08-01T19:25:54Z |
Gov. celebrates new beginnings, state’s economy with locally-owned businesses
MONTGOMERY CO., Kan. (WIBW) - Governor Laura Kelly has celebrated new beginnings and the state’s economy with a tour of several locally-owned businesses in Southeast Kansas.
Kansas Governor Laura Kelly says on Friday, June 17, she celebrated new beginnings for rural economic development during a several-stop tour to Southeast Kansas.
First, Gov. Kelly said she traveled to Cherryvale to break ground on Bartlett Grain’s new $390 million soybean processing facility which will create 50 high-quality jobs for residents.
“Bartlett Grain invested $390 million into building a new soybean processing facility because they believe their future in Cherryvale, Kansas, is bright,” Kelly said. “They’re right. Kansas’ agriculture industry is modernizing, and the soybeans processed at this plant will be used for a new type of renewable diesel fuel. Barlett is investing in a proof point for what our state can offer businesses involved in renewable energy.”
Then, Kelly said she toured Indy Brew Works - a family-owned brewery in Independence where she discussed the work the state has done to help small businesses with owners, economic development leaders and city officials.
“When I took office, I brought back the Kansas Main Street Program to help cities access technical services, networking, and training opportunities to restore their historic downtown districts,” said Kelly. “Independence is a Main Street community, and it was a pleasure meeting with local small business leaders today to see how Main Street has succeeded – and to hear how my Administration can build on its support for businesses in smaller towns.”
The Governor said she ended her visit with a grand opening celebration of a facility that will house the Office of Rural Prosperity. She said the ORP, created during her tenure and housed within the Department of Commerce, was born out of a listening tour where her Administration heard from rural community leaders.
Kelly noted that the ORP has helped local leaders become champions for their communities by providing grant funding for housing, infrastructure, main street and cultural activities.
“We created the Office of Rural Prosperity so that our rural communities would know that their concerns and issues were being heard and that decisions were being made with their interests in mind,” Kelly said. “From this new Independence location, the Office will continue its work to bring new investment and jobs to rural Kansas.”
Since the beginning of her tenure, Gov. Kelly said there have been more than 650 economic development projects worth nearly $9 billion of investment in the state’s economy. She said these investments have created and retained more than 43,000 jobs.
Beyond the rebirth of the Main Street program, Kelly said her Administration recently supported small businesses with the passage of bipartisan House Bill 2136, which invested $50 million to help small businesses recover from the COVID-19 pandemic.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/06/17/gov-celebrates-new-beginnings-states-economy-with-locally-owned-businesses/ | 2022-06-17T22:29:42Z |
Tower Lights Shone in 'Tripadvisor Green' on June 15
NEW YORK, June 16, 2022 /PRNewswire/ -- The Empire State Building (ESB) announced that it was ranked first in Top Attractions in the U.S. – and third in the world – in Tripadvisor's 2022 Travelers' Choice Best of the Best. Based on a full year of Tripadvisor reviews, the Travelers' Choice Awards honor the best in travel and recognize the places that deliver the most exceptional experiences.
"The Empire State Building's recently reimagined Observatory Experience is an authentic, must-visit attraction with a brand-new, immersive museum and unmatched views from the heart of New York City," said Jean-Yves Ghazi, president of the Empire State Building Observatory. "We are so pleased that Tripadvisor's user generated reviews have acknowledged our Observatory Experience as the best of the best not only in New York, but throughout the country. We are grateful to every single member of our Observatory team, without whom this experience and recognition is not possible."
The Empire State Building Observatory Experience recently underwent a $165 million, top-to-bottom reimagination that added a dedicated guest entrance, a digital and tactile museum that celebrates the icon from the moment it was conceived to its current place in pop culture, and a completely re-imagined 102nd Floor Observatory with unmatched, 360-degree views. Visitation to the deck continues to improve relative to 2019 levels as travel restrictions are lifted.
"Congratulations to the 2022 Tripadvisor Travelers' Choice Best of the Best winners," said Kanika Soni, chief commercial officer at Tripadvisor. "The Travelers' Choice Awards recognize the best of the best in tourism and hospitality according to those who matter most: your guests."
To celebrate this esteemed recognition, the Empire State Building lit up its world-famous tower lights in Tripadvisor Green on June 15.
Hi-res imagery of the Empire State Building Observatory Experience, and last night's tower lights can be found here. More information about the Empire State Building and its Observatory Experience can be found online.
The Empire State Building, the "World's Most Famous Building," owned by Empire State Realty Trust, Inc. (ESRT: NYSE), soars 1,454 feet above Midtown Manhattan from base to antenna. The $165 million reimagination of the Empire State Building Observatory Experience creates an all-new experience with a dedicated guest entrance, an interactive museum with nine galleries, and a redesigned 102nd Floor Observatory with floor-to-ceiling windows. The journey to the world-famous 86th Floor Observatory, the only 360-degree, open-air observatory with views of New York and beyond, orients visitors for their entire New York City experience and covers everything from the building's iconic history to its current place in pop-culture. Learn more at www.esbnyc.com. Declared "America's Favorite Building" by the American Institute of Architects, the world's most popular travel destination by Uber, the #1 Attraction in the United States in Tripadvisor's 2022 Travelers' Choice Best of the Best, and the #1 New York City attraction by Lonely Planet, it welcomes more than 4 million annual visitors from around the world.
Since 2011, the building has been fully powered by renewable wind electricity, and its many floors primarily house a diverse array of office tenants such as LinkedIn and Shutterstock, as well as retail options like STATE Grill and Bar, Tacombi, and Starbucks. For more information and Observatory Experience tickets visit esbnyc.com or follow the building's Facebook, Twitter, Instagram, Weibo, YouTube, or TikTok.
Tripadvisor, the world's largest travel guidance platform*, helps hundreds of millions of people each month** become better travelers, from planning to booking to taking a trip. Travelers across the globe use the Tripadvisor site and app to discover where to stay, what to do and where to eat based on guidance from those who have been there before. With more than 988 million reviews and opinions of nearly 8 million businesses, travelers turn to Tripadvisor to find deals on accommodations, book experiences, reserve tables at delicious restaurants and discover great places nearby. As a travel guidance company available in 43 markets and 22 languages, Tripadvisor makes planning easy no matter the trip type.
The subsidiaries of Tripadvisor, Inc. (NASDAQ:TRIP), own and operate a portfolio of travel media brands and businesses, operating under various websites and apps, including the following websites:
www.bokun.io, www.cruisecritic.com, www.flipkey.com, www.thefork.com, www.helloreco.com, www.holidaylettings.co.uk, www.housetrip.com, www.jetsetter.com, www.niumba.com, www.seatguru.com, www.singleplatform.com, www.vacationhomerentals.com, and www.viator.com.
Category: Observatory
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SOURCE Empire State Realty Trust, Inc. | https://www.mysuncoast.com/prnewswire/2022/06/16/empire-state-building-named-1-attraction-united-states-3-worldwide-by-tripadvisor-travelers-2022-travelers-choice-best-best/ | 2022-06-16T20:15:44Z |
CHAMPAIGN, Ill., Sept. 15, 2022 /PRNewswire/ -- Pavlov Media, a national broadband service provider, and the Texas communities of Corinth, Shady Shores, and Hickory Creek (the Lake Cities) have entered a historic partnership that will make each community a Gig City when completed. The cities used American Rescue Plan funds to enter into an Indefeasible Right of Use (IRU) to bring fiber services to a number of their government facilities. As part of the agreement, Pavlov Media has agreed to expand their fiber network to provide fiber-based services to the residents and businesses within the Lake Cities.
"We are proud to be part of this innovative solution developed by the Lake Cities. The cities embarked on an exhaustive, competitive bid process, and we are pleased that they chose Pavlov Media to partner with. We believe our ability to design, build, and operate municipal fiber networks all with our own in-house staff will enhance the speed to completion, and the ultimate success of the fiber network," said Pavlov Media President, Glenn Meyer.
Mike O'Linc, President of Campus Communications Group, (a subsidiary of Pavlov Media) added: "Construction of the fiber network will begin immediately, with the goal to have each of the Lake Cities' anchor facilities connected within one year."
"Providing high-speed fiber networks has been a priority for the Lake Cities for many years. We are extremely excited to begin the broadband project with Pavlov Media. This project will greatly benefit our current residents and generations to come in Corinth, Hickory Creek and Shady Shores," stated Corinth Mayor Bill Heidemann.
Mark Shelden, Pavlov Media's Vice President of Municipal Developments stated, "This model can be replicated in other communities across the country that want fiber-based services in their communities. We believe that demand for fiber-based services are in their infancy, and we are in conversations with several other municipalities looking at ways to accelerate the installation of fiber networks in their communities."
About Pavlov Media:
Pavlov Media is headquartered in Champaign, Ill. and offers broadband, voice, and television services. The company operates municipal fiber networks connected to its national backbone network. Pavlov Media specializes in private networks designed, constructed, and operated by a team of dedicated professionals in the telecommunications industry. For more information about the agreement, and how it might fit other communities, contact Mark Shelden, at 217-363-2424 or email mshelden@pavlovmedia.com.
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SOURCE Pavlov Media | https://www.mysuncoast.com/prnewswire/2022/09/15/pavlov-media-three-cities-texas-enter-historic-agreement-build-fiber-networks-their-communities/ | 2022-09-15T18:16:43Z |
SUGAR LAND, Texas, June 17, 2022 /PRNewswire/ -- Team, Inc. (NYSE: TISI) ("TEAM" or the "Company"), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today announced that on June 17, 2022, it received notice (the "Notice") from the New York Stock Exchange (NYSE) that it is no longer in compliance with the NYSE continued listing standards set forth in Section 802.01B of the NYSE's Listed Company Manual due to the fact that the Company's average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its shareholders' equity was less than $50 million.
In accordance with NYSE procedures, the Company intends to notify the NYSE that it plans to submit a plan within 45 days of receipt of the Notice advising the NYSE of definitive action it has taken, or is taking, to bring it into compliance with Section 802.01B within 18 months of receipt of the Notice. Any plan submitted by the Company to regain compliance would be subject to NYSE approval.
The Notice has no immediate impact on the listing of the Company's common stock, which will continue to trade on the NYSE during the applicable cure period, and does not result in a default under the Company's material debt or other agreements. The Company is considering all available options to regain compliance with the NYSE continued listing standards. The Company can provide no assurances that it will be able to satisfy any of the steps outlined above and maintain the listing of its shares on the NYSE.
About Team, Inc.
Headquartered in Sugar Land, Texas, Team, Inc. is a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions. We deploy conventional to highly specialized inspection, condition assessment, maintenance and repair services that result in greater safety, reliability, and operational efficiency for our client's most critical assets. Through locations in more than 20 countries, we unite the delivery of technological innovation with over a century of progressive, yet proven integrity and reliability management expertise to fuel a better tomorrow. For more information, please visit www.teaminc.com.
Certain forward-looking information contained herein is being provided in accordance with the provisions of the Private Securities Litigation Reform Act of 1995. We have made reasonable efforts to ensure that the information, assumptions, and beliefs upon which this forward-looking information is based are current, reasonable, and complete. However, such forward-looking statements involve estimates, assumptions, judgments, and uncertainties. May factors could cause actual results or outcomes to differ materially from those addressed in the forward-looking information. Although it is not possible to identify all of these factors, they include, among others, the Company's ability to hire a new chief executive officer in the near future, if necessary; the duration and magnitude of accidents, extreme weather, natural disasters, and pandemics (such as COVID-19) and related economic effects, the Company's liquidity and ability to obtain additional financing, the Company's ability to execute on its cost management actions, the impact of new or changes to existing governmental laws and regulations and their application, including tariffs and COVID-19 vaccination requirements; the outcome of tax examinations, changes in tax laws, and other tax matters; foreign currency exchange rate and interest rate fluctuations; the Company's ability to successfully divest assets on terms that are favorable to the Company; our ability to repay, refinance or restructure our debt and the debt of certain of our subsidiaries; anticipated or expected purchases or sales of assets; and such known factors as are detailed in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, each as filed with the Securities and Exchange Commission, and in other reports filed by the Company with the Securities and Exchange Commission from time to time. Accordingly, there can be no assurance that the forward-looking information contained herein, including statement regarding the Company's financial prospects and the implementation of cost saving measures, will occur or that objectives will be achieved. We assume no obligation to publicly update or revise any forward-looking statements made today or any other forward-looking statements made by the Company, whether as a result of new information, future events or otherwise, except as may be required by law.
Contact:
Christopher Robinson, CFA
Vice President, Corporate Development & Investor Relations
(281) 388-5551
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SOURCE Team, Inc. | https://www.mysuncoast.com/prnewswire/2022/06/17/team-inc-receives-continued-listing-standard-notice-nyse/ | 2022-06-17T20:43:40Z |
Free ice cream on National Ice Cream Day awaits those who tackle those long-awaited home paint projects
OAK BROOK, Ill., June 29, 2022 /PRNewswire/ -- A study conducted by Ace Hardware shows that while consumers are motivated to get those long, overdue but highly anticipated paint projects done someday, 40% surveyed say they have no time to paint and 37% state they do not want to deal with the prep and clean up. But with warmer weather comes new motivation. That is why Ace Hardware is declaring this year's Some Day on Saturday, July 16. Some Day is a fun, DIY holiday created by Ace Hardware where consumers everywhere come together to tackle their overdue paint projects. To celebrate a job well done, Ace Hardware and Benjamin Moore Paint are giving away free ice cream inspired by popular Benjamin Moore paint colors on National Ice Cream Day, Sunday, July 17.
Nationwide, Ace Hardware invites fans everywhere to flex their painting muscles and show off those at-home paint projects on Some Day via social media for a chance to win limited-edition, Benjamin Moore-inspired ice cream, which comes in four delicious flavors to match some of Benjamin Moore's most popular paint colors: French White 1093, Mint Chocolate Chip 436, Strawberry-n-Cream 2103-70 and Cocoa Brown 2101-20. There are three fun ways fans can participate in Some Day:
- On July 16, Ace Hardware is asking fans to complete a short questionnaire to describe their Some Day projects, linked in the bio on the Ace Hardware Instagram account (@acehardware). As a sweet reward, 10 lucky winners nationwide will be chosen at random to win Benjamin Moore-inspired ice cream. NO PURCHASE NECESSARY. Legal residents of the 50 United States (D.C.), 18 years of age and older. Ends 7/16/22. For Official Rules, including odds, and prize descriptions, visit https://fooji.info/acehardware Void where prohibited.
- On Sunday, July 17, National Ice Cream Day, fans in Chicago, New York and Los Angeles can receive a sweet reward from Ace Hardware's Instagram page (@acehardware) by completing the questionnaire linked in the story. Fans can win their own Benjamin Moore-inspired ice cream, while supplies last. First come, first served. NO PURCHASE NECESSARY. Legal residents of Manhattan, NY; Los Angeles, CA; and Chicago. IL, 18 years of age and older. Ends 7/17/22. For Delivery Zones, Official Rules including odds, and prize descriptions, visit https://fooji.info/ace Void where prohibited.
- To close out a productive weekend, Ace Hardware is rewarding fans with Benjamin Moore-inspired ice cream from a special Ace Hardware ice cream truck in a surprise location on July 17, National Ice Cream Day. First come, first served, while supplies last. NO PURCHASE NECESSARY. Legal residents 18 years of age and older. Ends 7/17/22. For Delivery Zones, Official Rules including odds, and prize descriptions, visit https://fooji.info/acetruck Void where prohibited.
"Whether it be an accent wall or every wall in the house, a painting project doesn't have to be daunting. The thousands of locally-owned Ace stores are ready to help their neighbors confidently complete their painting projects with Benjamin Moore paint and Ace's Extra Mile Promise," said Kim Lefko, Chief Marketing Officer at Ace Hardware. "And what a great way to have a little fun for our second annual Some Day event, by having Benjamin Moore paint-inspired ice cream as a sweet incentive and reward for a job well done."
The Paint Studio at Ace Hardware helps DIYers transform their space with pristine colors, helpful tools and quality brands like Benjamin Moore. Offering rich hues with smooth application, Benjamin Moore paints are a timeless favorite for indoor and outdoor projects. For more information, visit acehardware.com/thepaintstudio.
About Ace Hardware
Ace Hardware is the largest retailer-owned hardware cooperative in the world with more than 5,600 locally owned and operated hardware stores in approximately 70 countries. Headquartered in Oak Brook, Ill., Ace and its subsidiaries operate an expansive network of distribution centers in the U.S. and have distribution capabilities in Ningbo, China; Colon, Panama; and Dubai, United Arab Emirates. Since 1924, Ace has become a part of local communities around the world and known as the place with the helpful hardware folks. For more information, visit acehardware.com or newsroom.acehardware.com.
About Benjamin Moore
Founded in 1883, Benjamin Moore is North America's favorite paint, color and coatings brand. A leading manufacturer of premium quality residential and commercial coatings, Benjamin Moore maintains a relentless commitment to innovation and sustainable manufacturing practices. The portfolio spans the brand's flagship paint lines including Aura®, Regal® Select, Ultra Spec®, ben®, ADVANCE®, ARBORCOAT® and more. Benjamin Moore is renowned for its expansive color collection of more than 3,500 colors, and its design tools for consumers and professionals alike, including the Benjamin Moore Color Portfolio® app. Benjamin Moore paints are available exclusively from 7,500 locally owned and operated paint, decorating and hardware retailers throughout the United States and Canada as well as 75 countries globally.
Media Contact: Purpose Brand
Name: Carolyn Blaschek
Phone: 312-810-2584
Email: cblaschek@purposebrand.com
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SOURCE Ace Hardware | https://www.wibw.com/prnewswire/2022/06/29/ace-hardware-declares-july-16-some-day/ | 2022-06-29T16:36:35Z |
RENO, Nev., July 14, 2022 /PRNewswire/ -- aha!, powered by veteran ExpressJet Airlines, is excited to become a part of the Santa Rosa/North Bay Area region with its inaugural nonstop flight from Reno on July 14, 2022. This first flight begins aha! service between Reno-Tahoe International Airport and Charles M. Schultz-Sonoma County Airport.
"We are very appreciative of the warm reception we've had since announcing Santa Rosa as one of aha!'s newest routes - even Snoopy is celebrating with us today!" said Tim Sieber, head of ExpressJet's aha! business unit. "We're thrilled to be able to provide passengers with an easy nonstop flight between Reno-Tahoe and Santa Rosa - two destinations that offer a blend of urban adventures and outdoor recreation."
Travelers can replace a four-to-five-hour drive or painful layover with a quick 57-minute nonstop flight. Flights will operate each Thursday and Sunday departing Reno Tahoe International Airport at 3:40 p.m. PT arriving at Charles M. Schulz–Sonoma County Airport at 4:37 p.m. PT. Return flights will depart Santa Rosa at 5:15 p.m. PT and arrive in Reno-Tahoe at 6:12 p.m. PT.
"Connecting these two recreational hot spots is a fantastic addition to our local airport," said James Gore, Chair of the Sonoma County Board of Supervisors and representative for District 4, which includes the airport. "This gives our residents the opportunity to enjoy all that the Reno-Tahoe area has to offer and gives the Northern Nevada residents an excuse for a hassle-free wine country getaway. An absolute win-win for both markets."
For three days only, aha! is giving one free* ticket to the first 100 Santa Rosa-Reno customers. Travelers can use the promo-code WELCOME2STS to receive the $0 base fare for travel through Oct. 31, 2022 when booked by July 17, 2022.
For a limited time, passengers can take advantage of aha!'s "wine flies free" program. Until November 30, 2022, aha! will accept one dedicated wine bottle case as a free checked bag. Customers can opt-in by selecting the "wine flies free" option during booking or by declaring their wine item during their check-in at the airport. See flyaha.com/winefliesfree for complete details and restrictions.
Flights are currently available for sale at www.flyaha.com and through the aha! Call Center at 775-439-0888.
aha! is a leisure brand of ExpressJet Airlines. aha! seeks to provide travelers in smaller communities, many who have seen air service reduced over the past decade through airline mergers, with convenient, short, nonstop flights to high-quality destinations like the Reno-Lake Tahoe region. In addition to offering value-priced, nonstop flights, aha! will soon partner with resorts, casinos and attractions to "bundle" value-priced vacation packages. www.flyaha.com
ExpressJet Airlines operates Embraer ERJ145 regional jet aircraft and has more than 40 years of experience as a regional airline. ExpressJet operates its leisure brand aha!, which provides travelers in smaller communities with convenient, short, nonstop flights to high-quality destinations like the Reno-Lake Tahoe region. The company is expanding its service with specialty charter flights and additional future routes. ExpressJet is majority owned by KAir Enterprises with United Airlines holding a minority interest. www.expressjet.com
$0 base fare tickets must be purchased by 11:59pm on July 17, 2022, and travel completed by Oct. 31, 2022. Subject to blackout dates. Capacity controls and other restrictions apply. A total of 100 tickets are available at the $0 fare and the number of seats available on each flight are limited. Customer is responsible for paying government-imposed taxes and fees, such as 9/11 security fee and Passenger Facility Charges (PFC), and well as other service fees such as for checked baggage. Fare rules are subject to change without notice. Not valid on previously purchased itineraries. $0 tickets may only be purchased at www.flyaha.com and are not available when calling the call center.
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SOURCE aha! | https://www.mysuncoast.com/prnewswire/2022/07/14/aha-inaugurates-nonstop-flights-reno-tahoe-santa-rosa-with-free-tickets-first-100-passengers/ | 2022-07-14T21:57:54Z |
Fast-growing Cloud-based UI Design Platform Now Has Over One Million Users Worldwide
BEIJING, June 17, 2022 /PRNewswire/ -- Js Design, a leading cloud-based UI design tool developer in China, has recently secured tens of millions USD in Series B+ financing. BlueRun Ventures China (BRV China) has co-led the company's Series A funding and has participated in the later A+ and B rounds.
Founded in September 2020, Js Design is China's first professional cloud-based open-source UI design tool. This real-time collaboration platform enables multi-person live editing for instantaneous synchronization, and is a one-stop shop for software production and R&D operations.
Jimmy Shi, Venture Partner at BRV China, says: "As a domestic startup, Js Design has developed products that can stand up to its major global competitors and is now at the forefront in the industry of cloud-based SaaS collaborative design software. The popular platform has grown into a massive ecosystem with over one million users worldwide, offering large-scale creative content, APIs and add-ons."
Js Design's founding team says: "Many Chinese software developers are using our product's foreign alternatives, which do not necessarily cater to Chinese users' distinctive working habits, culture, and business processes. They often experience problems such as language and network issues, which a lot of the time left unresolved due to the lack of timely and effective solutions nor an accessible customer service channel."
Js Design furthered its commercialization through close collaboration with a number of key industry players in China. Experiences from those partnerships are pivotal to rolling out a diversified array of solutions focusing on serving corporate customers. The company's original 10-person team has grown rapidly into a well-organized group of over 100 staff, with production and research team exceeding 75%. Js Design expects to double its team size by this year.
Mr. Shi says: "As an early investor, we have had the honour to witness the company's tremendous growth in terms of product capabilities, user base, partner ecosystem and organizational skills over the past 1.5 years. We are happy to see Js Design reaching a new milestone and winning recognition from more investors."
Js Design's founding team says: "We are set to match Figma in terms of product capabilities, add-ons and community size in the shortest time possible. We will continue to deliver innovation based on domestic demand. We look forward to our developed-in-China platform becoming internationally recognized and surpassing overseas rivals."
About BRV China
BlueRun Ventures China (BRV China) is a leading early-stage venture firm in China with offices in Beijing and Shanghai. Having its heritage in Silicon Valley since 1998 and entered China in 2005, BRV China has managed over $2 billion through multiple USD and RMB funds, with over $1 billion cash distributions. BRV China focuses on investing in entrepreneurs who create a sustainable impact through technological innovations across enterprise services, transportation and smart machine, digital healthcare, and consumer technology sectors in China. The firm has invested in more than 150 portfolio companies, including Li Auto (NASDAQ: LI), QingCloud (688316.SH), WaterDrop (NYSE: WDH), Energy Monster (NASDAQ: EM), Mogujie/Meilishuo (NYSE: MOGU), Qudian (NYSE: QD), Ganji/58.com, PPTV, Guazi, Meishubao, Nanyan, Shanzhen, Gaussian Robotics, Yi Auto, Pinecone, etc. The firm has been recognized as the "No.1 Early-Stage Investment Firm" in China by Zero2IPO and ChinaVenture, and "Consistent Performing Venture Capital Fund Manager" by Preqin. For further information, please visit https://www.brv.com.cn/en/.
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SOURCE BRV China | https://www.kxii.com/prnewswire/2022/06/17/brv-china-backed-js-design-secures-tens-millions-usd-series-b-financing/ | 2022-06-17T10:51:09Z |
The Fall '22 Campaign Explores the Dedication, Passion, and Commitment of Featured Extraordinary Talent Who Epitomize the Cole Haan Ethos
NEW YORK, Aug. 11, 2022 /PRNewswire/ -- Cole Haan, the iconic American performance lifestyle brand and retailer, is launching a new brand campaign and product collection for Fall 2022. The Work For What You Believe In campaign stars an array of inspirational, real-life changemakers who serve as the inspiration behind the Fall assortment made to support work, play, and the everyday moments that matter.
Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9021355-cole-haan-work-for-what-you-believe-in-fall-2022-campaign/
The campaign marks the emergence of a new era where what we do is an expression of who we are and what we believe. It features inspirational individuals who embody the collective and individual passions that drive each and every one of us. The campaign incorporates twelve rule-breaking entrepreneurs, creatives, and personalities including Interior Designer Nora O'Neil, Style Editor Yang-Yi Goh, Poet, Writer and Creative Director Joekenneth and Founder of Nuna Awaq, Juana Burga to name a few. The full cast of Fall 2022 campaign talent will be released in three parts on a monthly basis starting today and continuing through October.
"The world jumped the track during the post-Covid lockdown period. Young workers worldwide began questioning—perhaps more than any other generation today—how work fits within their lifestyle choices and reflects their personal values. Cole Haan, a brand that the past five generations of workers have donned as they embarked on their careers, recognizes this cultural moment," says David Maddocks, Brand President, Cole Haan. "We saw the casualization of the workplace before others, and we are recognizing this generation's needs in product creation and environmental stewardship, at the intersection of social and brand values."
The campaign underscores Cole Haan's rich heritage as the go-to brand for those entering the workforce, reimagined for a new generation. In addition to serving as the stars of the campaign, the talent provided an intimate look into their own personal work lives, sharing their stories for Cole Haan's website. Each individual highlights what they work for and how it is rooted in what they believe in. In conjunction with the campaign, Cole Haan will debut two product collections perfectly suited for Fall, including the evolution of the women's Grand Ambition footwear and bag assortment featuring the new York Bootie, in addition to the introduction of a new men's line coined American Classics. Both represent Cole Haan's signature combination of craft, style and versatility – innovation rooted in the brand's heritage.
"Our Women's Grand Ambition collection and Men's American Classics collection are the perfect accompaniment for those who are working for what they believe in," adds Scott Patt, Chief Creative Officer, Cole Haan. "Built for today, both collections are uniquely stylish, beautifully crafted and engineered for comfort whether you're in the office or redefining what the future of work looks like in your life."
The first chapter of Cole Haan's Fall 2022 collection and Work for What You Believe In campaign is available now at ColeHaan.com, as well as in US retail locations and select International Cole Haan stores starting today, August 11, 2022. The women's Grand Ambition collection is priced starting at $180 USD and the men's American Classics collection starts at $150 USD.
Cole Haan is a global performance lifestyle brand serving always-connected, active professionals with innovative footwear and lifestyle accessories. With a 90-year heritage, Cole Haan infuses its products with time-honored craftsmanship and modern innovation, making footwear and lifestyle accessories that customers wear from work, to workout, to weekend. Cole Haan's mission is to inspire customers to live extraordinary lives.
For more information, contact:
Autumn Communications
colehaan@autumncommunications.com
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SOURCE Cole Haan | https://www.wibw.com/prnewswire/2022/08/11/cole-haan-debuts-work-what-you-believe-in-campaign/ | 2022-08-11T13:51:09Z |
CORAL GABLES, Fla., June 7, 2022 /PRNewswire/ -- Relmada Therapeutics, Inc. (NASDAQ: RLMD), a late-stage biotechnology company addressing diseases of the central nervous system (CNS), today announced that Sergio Traversa, Chief Executive Officer, will participate in a fireside chat at the Goldman Sachs 43rd Annual Global Healthcare Conference on Tuesday, June 14, 2022, at 10:40am PT / 1:40pm ET. Please find additional details about the event below.
Goldman Sachs 43rd Annual Global Healthcare Conference
Date: Tuesday, June 14, 2022, 10:40-11:15am PT / 1:40-2:15pm ET
Webcast: https://kvgo.com/gs/relmada-therapeutics-inc-june-2022
The webcast can also be accessed in the Investors section of the Relmada website at https://www.relmada.com/investors/ir-calendar. An archived replay will be available for 90 days after the conclusion of the event.
About REL-1017
REL-1017, a new chemical entity (NCE) and novel NMDA receptor (NMDAR) channel blocker that preferentially targets hyperactive channels while maintaining physiological glutamatergic neurotransmission, is currently in late-stage development for the treatment of major depressive disorder (MDD). The ongoing Reliance Clinical Research Program is designed to evaluate the potential for REL-1017 as a rapid-acting, oral, once-daily antidepressant treatment. In a Phase 2 trial, REL-1017 demonstrated rapid, robust, and sustained antidepressant effects with statistically significant improvements compared to placebo. The Phase 2 study also showed a favorable pharmacokinetic, safety, and tolerability profile of REL-1017 consistent with results observed in previously completed Phase 1 studies.
About Relmada Therapeutics, Inc.
Relmada Therapeutics is a late-stage biotechnology company addressing diseases of the central nervous system (CNS), with focus on major depressive disorder (MDD). Relmada's experienced and dedicated team is committed to making a difference in the lives of patients and their families. Relmada's lead program, REL-1017, is a new chemical entity (NCE) and novel NMDA receptor (NMDAR) channel blocker that preferentially targets hyperactive channels while maintaining physiological glutamatergic neurotransmission. REL-1017 has entered late-stage development as an adjunctive and monotherapy treatment for MDD. In addition, Relmada is advancing a clinical-stage program in neurodegenerative diseases based on psilocybin and select derivative molecules. Learn more at www.relmada.com.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by us or on our behalf. This press release contains statements which constitute "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. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described under the heading "Risk Factors" set forth in the Company's reports filed with the SEC from time to time. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. Relmada undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. Readers are cautioned that it is not possible to predict or identify all the risks, uncertainties and other factors that may affect future results and that the risks described herein should not be a complete list.
Investor Contact:
Tim McCarthy
LifeSci Advisors
212-915-2564
tim@lifesciadvisors.com
Media Inquiries:
FischTank PR
relmada@fischtankpr.com
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SOURCE Relmada Therapeutics, Inc. | https://www.kxii.com/prnewswire/2022/06/07/relmada-therapeutics-participate-goldman-sachs-43rd-annual-global-healthcare-conference/ | 2022-06-07T13:20:51Z |
Findings from 300 C-suite executives reveal numerous missed opportunities to maximize the predictive power of tax data
KEY TAKEAWAYS
- 70% say cloud, data and analytics, and visualization tools are important for tax talent to know and use.
- Coding is now the most sought-after skill for tax talent.
- More women (83%) and underrepresented groups (72%) are joining the accounting profession.
NEW YORK, Aug. 31, 2022 /PRNewswire/ -- The Fortune 500 tax department is at a pivotal moment of transformation, responding to a multitude of forces disrupting the profession as we know it. While there are clear bright spots in the modernization of skills and diversification of tax talent in the last two years, the profession still has a way to go in its adoption of technology, application of data and approach to hiring.
According to the KPMG LLP annual report, "Tax Reimagined 2022: Perspectives from the C-suite," 52 percent of C-suite executives are not leveraging tax data to scenario plan or model for tax policy changes, a mild improvement over last year's 69 percent. And when looking at other business implications, such as leveraging tax data to align with ESG priorities, 68 percent of respondents say they are not currently using tax data compared to 55 percent in 2021, and 60 percent say they are not using data to inform overall business strategy – slight progress from last year's 62 percent. Against the backdrop of significant tax and climate reform, ongoing negotiations to overhaul the global tax code and years of regulatory complexities, it's clear that companies are still missing opportunities to add business value by not leveraging tax data.
However, the report, which features insights from 300 C-suite executives at organizations with $1 billion or more in revenue, indicates that the profession is moving the needle with promising investments in diverse talent, a greater willingness to upskill inhouse employees, and a new focus on digital agility, creating a slow but steady shift in the overall make-up of the future tax department.
KEY FINDINGS:
Leveraging the power of tax data
- Sixty five percent are not leveraging tax data to inform decision-making about mergers and acquisitions.
- Sixty four percent are not leveraging tax data to prepare for or respond to audit inquiries.
- Fifty six percent are not leveraging tax data to do predictive modeling.
Navigating the talent landscape
- Eighty three percent say it has been difficult to recruit tax talent this past year.
- Seventy nine percent say it has been difficult to retain tax talent this past year.
- Fifty three percent say it has been difficult to recruit talent with the right skill set.
- Fewer C-suite executives state they are willing to outsource or co-source their tax department in 2022 (43 percent vs. 65 percent in 2021).
- Forty eight percent are inclined to upskill employees, an increase of 12 percentage points over 2021.
Defining the future tax professional
- The C-suite (46 percent) rank coding as the top skill needed to ensure today's tax department stays competitive, compared with 28 percent in 2021.
- Seventy percent rank scaling technologies (cloud, D&A tools, analytic and visualization) as the most relevant for tax talent to know and use.
- Sixty six percent rank emerging technologies (AI, blockchain, metaverse and quantum computing) as second most important, followed by an understanding of spreadsheets and databases (58 percent).
- Most leaders (57 percent) still prefer to hire tax professionals who can learn technology rather than tech professionals who can learn tax.
Investing in more diverse pipelines
- Majority of survey respondents (54 percent) are setting goals for outreach to underrepresented groups (+8 percentage points from 2021).
- Fifty five percent say their organizations are recruiting from nontraditional colleges and universities (+10 percentage points from 2021).
- Eighty three percent are witnessing more female candidates and hires join the profession compared with previous years.
- Seventy two percent are seeing more candidates and hires from underrepresented groups.
LEADER QUOTES:
"The tax and regulatory landscapes are fast evolving and increasingly complex. Chief Tax Officers and Chief Financial Officers, in particular, are faced with numerous pressures to remain up to speed on all the moving parts and to offer stability even during times of great uncertainty," said Greg Engel (@Greg_Engel_KPMG), Vice Chair – Tax, KPMG LLP. "For these reasons, it's imperative that C-suite leaders continue to prioritize investments in talent, D&A and technology to ensure the modern tax department continues to add maximum business impact."
"Tax departments are stepping out of the past by modernizing the skill sets of their talent, embracing DEI, and upgrading the technology they use to plan for the future," said Rema Serafi (@RemaSerafi), National Managing Partner – Tax, KPMG LLP. "Those organizations that embrace this change will be the ones best positioned to compete and succeed."
"Data is the next chapter for the modern tax department," said Brad Brown (@Brad_Brown_KPMG), Chief Technology Officer – Tax, KPMG LLP. "But until organizations realize the predictive power that tax data can bring to the entire organization and deploy a tech-first, tax-second approach to hiring talent that supports certain aspects of the tax department, they'll continue to leave tremendous value on the table."
Survey Methodology
The KPMG "Tax Reimagined 2022: Perspectives from the C-suite" survey was conducted by Wakefield Research (www.wakefieldresearch.com) between May 18th and June 3rd, 2022, among 300 US C-suite executives at companies with annual revenue of $1B+. The margin of error for this study is +/- 5.7 at 95% confidence.
About KPMG LLP
KPMG LLP is the U.S. firm of the KPMG global organization of independent professional services firms providing audit, tax and advisory services. The KPMG global organization operates in 144 countries and territories and has more than 236,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.
KPMG is widely recognized for being a great place to work and build a career. Our people share a sense of purpose in the work we do, and a strong commitment to community service, inclusion and diversity, and eradicating childhood illiteracy. Learn more at www.kpmg.com/us.
Media Contacts
Taylor Ovalle
KPMG LLP
tovalle@kpmg.com
Tel: 201-956-8737
Twitter: @tayovalle
Erica Lee
KPMG LLP
ericalee3@kpmg.com
Tel: 646-920-2959
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SOURCE KPMG LLP | https://www.kxii.com/prnewswire/2022/08/31/kpmg-llp-survey-majority-c-suite-leaders-still-dont-use-tax-data-prepare-policy-changes-amid-new-tax-laws/ | 2022-08-31T13:46:08Z |
SAN FRANCISCO BAY AREA, Calif., Sept. 7, 2022 /PRNewswire/ -- Rondo Therapeutics, a privately-held biotechnology company advancing next-generation immuno-oncology platforms, announces the addition of Carolyn Bertozzi, Ph.D., to its Scientific Advisory Board. Dr. Bertozzi is a Professor of Chemistry and Director of the Sarafan ChEM-H institute at Stanford University and is a world leader in the field of glycobiology, generating new insights regarding disease-associated changes in cell surface glycosylation patterns. Jessica Stark, Ph.D., an American Cancer Society postdoctoral fellow in the Bertozzi Research Group, is also joining Rondo as a scientific consultant. Dr. Stark has pioneered new approaches in understanding the role of glycobiology in the functioning of the innate immune system.
Dr. Bertozzi has been recognized with many honors and awards for both her research and teaching accomplishments. She is an elected member of the National Academy of Sciences, the American Academy of Arts and Sciences, and the German Academy of Sciences Leopoldina. Recent awards of note include the Welch Award in Chemistry (2022); The Dickson Prize in Medicine, University of Pittsburgh (2022); Dr H.P. Heineken Prize for Biochemistry and Biophysics (2022); Wolf Prize (2022); AAAS Lifetime Mentor Award (2022). Dr. Bertozzi is also an accomplished entrepreneur, having founded several biotech companies including Palleon Pharma and Lycia Therapeutics.
"We are excited and privileged to be working with both Carolyn and Jessica in an exciting new area of biology," said Nathan Trinklein, Ph.D., co-founder and President of Rondo Therapeutics. "By combining their deep biological knowledge with Rondo's unique ability to rapidly develop bispecific antibodies, we are aiming to create a new class of biologics with a unique mechanism of action."
"We are thrilled to be working with the Rondo team to take on glycobiology as an emerging frontier for immunotherapy," said Jessica Stark, Ph.D., American Cancer Society postdoctoral fellow at Stanford University. "Through development of a novel class of bispecifics, we hope to make a difference for patients in multiple solid tumor indications."
Dr. Bertozzi is joining a group of highly distinguished scientists and clinicians on Rondo's Scientific Advisory Board: James Ford, M.D., Professor of Medicine, Stanford University; Alessandra Cesano, CMO, ESSA Pharmaceuticals; and Leonard Presta, Ph.D., renowned Protein Engineer.
Rondo Therapeutics is a biopharmaceutical company exploring new frontiers in cancer therapy. Rondo is committed to advancing the field of immuno-oncology, with a focus on treating solid tumors that fail to respond to current therapies. Our solution is to create a new class of bispecific antibodies that safely engage the immune system to initiate and sustain a robust anti-tumor response and overcome the suppressive tumor microenvironment.
Learn more at: www.rondotx.com.
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SOURCE Rondo Therapeutics | https://www.mysuncoast.com/prnewswire/2022/09/07/carolyn-bertozzi-professor-director-sarafan-chem-h-institute-stanford-university-joins-rondo-therapeutics-scientific-advisory-board/ | 2022-09-07T11:51:02Z |
Leading U.S. Roofing Franchise Sets High Bar with Focus on Marketing, Customer Service & HR
TERRA HAUTE, Ind., July 12, 2022 /PRNewswire/ -- Great entrepreneurs see a problem and fix it. For Kevin Newton, the problem was negative stigmas around roofing contractors and an overall marketplace void for a trusted brand in a fragmented industry. His solution was to clean up the industry by creating the most professional and respected roofing company in the world, in the process creating generational wealth for entrepreneurs wanting to operate an honest and profitable roofing business.
With the establishment of Honest Abe Roofing, America's largest and most successful roofing franchise, Newton went against the grain by recruiting sales and marketing specialists instead of roofing tradesmen to run the franchises. By having franchisees with strong customer service skills and communication skills, he not only professionalized the roofing business, but gave entrepreneurs an opportunity to find success in the surprisingly lucrative roofing industry.
Taking an additional innovative approach, Honest Abe Roofing circumvents labor shortage issues for franchisees with a contractor recruitment program to handle their roofing projects.
The strategy worked. According to the company's 2021 Franchise Disclosure Document, the average annual sales of a single Honest Abe location's annual sales were $2.3 Million. With impressive sales figures, a customer service-centric franchise model and a strong pipeline in place, Honest Abe Roofing plans to grow from 23 units across eight states to reach 75 units in markets across the Northeast, Southeast and Midwest in the next 3-5 years.
"By systemizing business operations and supporting franchisees by recruiting contractors to complete their roofing projects, we've removed obstacles for non-technical and non-trade professionals to enter the roofing industry," said Newton, CEO and Founder of Honest Abe Roofing. "We consider ourselves a marketing and sales franchise business that provides roofing solutions to residential property owners. Our customer-service-focused model lets franchisees focus on cultivating customer relationships and driving business. The result is a single investment, scalable business with high profit margins in a recession resistant industry."
Honest Abe Roofing provides professional installing, repairing and maintenance for residential and commercial roofs at competitive pricing. Several factors help it stand out for customers:
- All contractors utilized by franchisees are fully-certified and part of a reliable team of home improvement experts.
- Its wide variety of quality roofing products are made from premium materials, fully weather-resistant and have a lifetime reliability guarantee. From traditional asphalt roofs to metal roofs in every color of the rainbow, Honest Abe Roofing offers roofing products manufactured to resemble wood shake, slate, shingles, or clay tiles.
- Honest Abe Roofing also provides unparalleled in-house financing, including same-as-cash, 0% financing, long-term/low-payment, and even options for clients with sub-prime credit.
Several factors are driving skyrocketing demand for roofing, such as being 12 years after the housing boom and roofs in need of repair or replacement. In addition, a current housing shortage is driving homeowners to replace roofs instead of buying new homes.
"The time is now for new and aspiring business owners to get into the roofing business," Newton said. "New franchisees can enter with low startup costs and reap the benefits of a high-margin business with a sizeable average unit volume that can create generational wealth for those seeking to leave a family legacy. Our focus on the business pillars of marketing, sales and human resources make us stand out as a professional and high-quality enterprise in a disjointed industry."
Each Honest Abe Roofing franchise locations operates in a 2,200 square foot (minimum) space serving primarily as a storage, meeting place, and a place for customers to review premium roofing materials in the showroom. For existing and aspiring business owners, the initial investment ranges from $132,498 - $363,223.
Honest Abe Roofing franchises attend a two-week training and are provided with a streamlined start-up procedure and efficient processes for everything from lead creation to project completion, plus operations, marketing, sales and customer service support and resources. Each franchisee undergoes ongoing training while in the system, and is given access to a network of fully-certified, roofing professionals that have passed extensive background checks managed by corporate to provide the roof repair, replacement or maintenance, allowing for the primary focus to be on consistent client communication and overall experience.
"In an industry dominated by mom-and-pop shops, Honest Abe Roofing has succeeded in building a high-margin, low overheard and scalable business by completely reinventing the way the roofing service industry operates and the type of entrepreneur targeted to join the franchise system," said James Lloyd, VP Franchise Development for Honest Abe Roofing. "Honest Abe Roofing franchisees can achieve some truly remarkable revenue streams compared to other business sectors, as the initial investment range is relatively low in terms of what can be generated. With strong financials and not needing to wear a tool belt to get into the roofing business, new franchisees with sales, people management training and marketing expertise are joining our brand because they see growth potential for their unique skillset in the industry."
Since 2005, Honest Abe Roofing has been installing, repairing and maintaining residential and commercial roofs. With the goal to bring a customer-service focus to the roofing industry, Honest Abe Roofing provides the best possible roofing at the most competitive pricing. From financing options to allowing customers to select premium roofing materials in their showrooms, the company is completely reinventing the roofing service industry. To learn more about Honest Abe Roofing franchising, visit https://www.honestaberoofingfranchise.com/
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SOURCE Honest Abe Roofing | https://www.wibw.com/prnewswire/2022/07/12/honest-abe-roofing-franchise-takes-novel-approach-drive-unit-sales-through-roof/ | 2022-07-12T13:39:08Z |
New division has 1.4 million square feet of Phoenix-area projects slated to break ground this year
INDIANAPOLIS, June 13, 2022 /PRNewswire/ -- Thompson Thrift Commercial, a wholly-owned company of Indianapolis-based Thompson Thrift, announced today the diversification of their commercial group to include an industrial sector. The company has promoted Chris Alexander to senior vice president of industrial development to lead its industrial development initiative.
"We are excited to add industrial to our development platform, which is a natural diversification into a product type that will add significant growth opportunities for our business unit and company," said Ashlee Boyd, managing partner for Thompson Thrift Commercial. "I look forward to working with Chris and our team to develop and implement a strategy to grow our industrial platform to serve the increasing demand for industrial space throughout our targeted markets."
Alexander has been with Thompson Thrift Residential since 2018 and most recently served as the vice president of development for the Midwest region. However, during his 20-year career he has served in several leadership roles in private and public industrial development firms where he has focused on speculative and build-to-suit projects.
"Estimates are that the U.S. may need more than 1 billion square feet of additional industrial space by 2025 in order to support the fast-growing e-commerce demand," said Alexander. "I am honored that the company has provided me with the opportunity to bring Thompson Thrift Commercial to greater heights while helping to meet the nation's unparalleled demand for warehouses, distribution sites and fulfillment centers."
The company recently announced plans to break ground on two Phoenix-area industrial projects. Phase I of Elliott Tech Center, is a 25.5-acre parcel at the northwest corner of Elliot Road and Signal Butte Road in Mesa, Arizona. The company plans to build three single-story industrial buildings tailored towards manufacturing and tech users offering a total of 255,000 square feet of space as well as five retail pads. Phase II is scheduled to break ground in 2023 and will consist of five buildings totaling approximately 750,000 square feet. The project is uniquely positioned at the eastern entrance to the Elliot Road Tech corridor which has quickly become one of the premier industrial development areas in the southwestern United States attracting global tenants such as Apple, Google, Facebook, Amazon and many others.
The second industrial project is a two-phase development on 68 acres at the southwest corner of Germann Road and Meridian Road in Queen Creek, Arizona. Construction plans for phase I feature approximately 400,000 square feet of new manufacturing, warehousing and distribution space between five stand-alone buildings. Upon project completion, Thompson Thrift expects to have just under 1.1 million square feet of space between 13 buildings ranging from 62,000 to 110,000 square feet each.
Thomson Thrift Development earned its reputation as a top retail and multifamily developer with more than $3.7 billion of ground-up projects completed across the Midwest, Southeast and Southwest during the past 30 years. The company has become known as a trusted partner committed to developing high-quality, attractive projects and is uniquely positioned to provide smart warehouse, logistics and manufacturing solutions in select markets across the country.
About Thompson Thrift Real Estate Company
Thompson Thrift is an integrated full-service real estate company with offices in Indianapolis and Terre Haute, Indiana, Houston and Phoenix. Three business units drive Thompson Thrift's success—Thompson Thrift Residential which is focused on upscale Class A multifamily communities and luxury leased homes, Thompson Thrift Commercial which is focused on ground-up commercial development, and Thompson Thrift Construction, a full-service construction company. Through these business units, Thompson Thrift is engaged in all aspects of acquisition, development, construction, leasing, and management of quality multifamily, mixed-use, retail, industrial and commercial projects across the country. We are passionate about our customer's success and strive to ensure our projects not only meet the needs of our customers but also the communities we serve. For more information, please visit www.thompsonthrift.com
Contact:
Jennifer Franklin
Spotlight Marketing Communications
949.427.1385
jennifer@spotlightmarcom.com
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SOURCE Thompson Thrift | https://www.wibw.com/prnewswire/2022/06/13/thompson-thrift-commercial-taps-chris-alexander-lead-companys-expansion-into-industrial-development/ | 2022-06-13T14:21:34Z |
Global Agreement Calls for Development and Commercialization of EarlySign LungFlag™ to Accelerate Earlier Identification and Treatment of Lung Cancer
TEL AVIV, Israel, July 7, 2022 /PRNewswire/ -- Medial EarlySign (earlysign.com), a pioneering company developing Artificial Intelligence (AI) based clinical predictive analytics, announced today the signing of a new partnership with Roche, which will focus on innovative, evidence-based solutions for early detection of lung cancer. In 2020, over 235,000 people in the US[1] and over 2.2 million people worldwide[2] were diagnosed with lung cancer. Lung cancer has the second largest incidence of all cancers and is the deadliest cancer for both men and women.
The goal of this new collaborative effort is to deliver validated clinical machine learning models to advance lung cancer identification which can lead to earlier diagnosis and treatment. Early identification of high-risk individuals has the potential to improve lung cancer survival rates by finding the disease at an earlier stage when it is more likely to be curable.
By using proven, highly accurate models based on variety of signals including basic demographic, medical, drug, and routine clinical lab data, EarlySign's LungFlag™ is designed to help providers focus additional effort on enriched sub-populations flagged by LungFlag and determine care pathways such that follow-up screenings can be more precisely prescribed in a cost-effective manner.
This new agreement builds on an already existing collaboration between Roche's Diagnostics division and EarlySign, which originally focused on a personalized health solution for early detection of gastric cancer. Structured to bring new clinical machine learning solutions to the global market, the collaboration further demonstrates the parties desire to transform healthcare delivery through digital solutions with smart algorithms that allow personalized preventive care to improve outcomes for patients while making care more affordable and sustainable.
"As the only company combining pharma and diagnostics solutions, as well as cutting-edge tech and data capabilities under one roof, we are working towards a future in which treatments are targeted to an individual's needs" commented James Sabry, Head of Roche Pharma Partnering. "To achieve this goal, we are eager to team up with innovative partners like EarlySign, who share our vision to enable better decision-making and ultimately improve patient outcomes."
"Our ongoing partnership with Roche's Diagnostics and now also the Pharmaceuticals division helps accelerate the development and deployment of transformational technologies that create new opportunities to ease the burden of serious disease for people throughout the world," commented Ori Geva, CEO and co-founder of EarlySign. "Our partnership with Roche continues to put patients first by seeking better ways to prevent, diagnose and treat diseases. Our proven machine learning infrastructure and modeling capabilities provide vital insights that create clinical efficiencies allowing for more precise and personalized care."
About Medial EarlySign
Medial EarlySign helps healthcare stakeholders keep patients healthier longer. Their software solutions derive actionable and personalized clinical insights from health data. EarlySign's AlgoMarkers and predictive solutions can help clients select enriched subpopulations and more accurately identify and prioritize patients for multiple conditions for interventions to halt or prevent the serious complications from the onset of disease or optimize clinical trials design and recruitment. The company's machine learning purpose-built platform and development environment enables fast and high-quality development of custom models and adaptation or reuse of pre-built models supported by peer-reviewed research published by internationally recognized health organizations and hospitals.
Amongst numerous publications and studies, EarlySign was a named a winner of the CMS AI Health Outcomes Challenge. Founded in 2013, Medial EarlySign is headquartered in Tel Aviv, Israel. For more information, please visit: https://earlysign.com/.
Follow Medial EarlySign on LinkedIn: Medial EarlySign
Media Contact:
Darrell Atkin
darrella@earlysign.com
+1.760.390.6036
[1] NIH Cancer Stat Facts: https://seer.cancer.gov/statfacts/html/lungb.html
[2] Global Cancer Statistics 2020: GLOBOCAN Estimates of Incidence and Mortality Worldwide for 36 Cancers in 185 Countries - https://acsjournals.onlinelibrary.wiley.com/doi/full/10.3322/caac.21660
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SOURCE Medial EarlySign | https://www.kxii.com/prnewswire/2022/07/07/earlysign-announces-strategic-collaboration-agreement-with-roche-ai-solution-early-detection-lung-cancer/ | 2022-07-07T16:53:52Z |
The German carmaker formalizes its contributions with membership in the project that helps developers build custom Linux-based systems
SAN FRANCISCO, July 15, 2022 /PRNewswire/ -- The Linux Foundation, the nonprofit organization enabling mass innovation through open source, today announced that BMW Group is joining the Yocto Project as a member.
BMW Group's membership restates their commitment to work with, and in, sustainable ecosystems and software and to support open source and key tools they use to build their products. The Yocto Project welcomes this support and looks forward to benefiting from their input and experience. They are joining other members including Intel, Comcast, Arm, Cisco, Facebook (Meta), Xilinx, Microsoft, Wind River, and AWS.
With the rise of devices and sensors being used across every industry, developers today require a common set of tools that help them manage software stacks, configurations, and best practices tailored for Linux images for embedded and IoT devices. Over the last decade Yocto Project has been tuned for this purpose and today is the de facto set of tools for building and supporting a new generation of devices. In short, it helps developers create custom Linux-based systems regardless of the hardware architecture.
The Yocto Project has grown significantly since it was created, rising to the constantly evolving challenge of building custom operating systems for products in a maintainable and scalable way. The project leads in build system technology with bitwise identical build output every time, advanced software manifests, license handling capabilities, and strong binary artifact reuse among many other developments. Yocto Project 4.0 (aka Kirkstone) was released in April. Based on Linux kernel 5.15, glibc 2.35, and roughly 300 other recipe upgrades, Yocto 4.0 supports SPDX SBOM generation and is the latest Long Term Support (LTS) release.
"Recognising sustainability in the context of open source is an extremely welcome development, and we look forward to working more closely with BMW Group to further enhance the project" Richard Purdie, Linux Foundation Fellow. "We hope that others will follow their lead in sustainability and together we can strengthen and allow open source projects to reach their full potential".
For more information about the Yocto Project, please visit: https://www.yoctoproject.org/
The BMW Group is the world's leading premium manufacturer of automobiles and motorcycles with its BMW, MINI, Rolls-Royce, and BMW Motorrad brands, and a provider of premium financial and mobility services. The BMW Group production network comprises 31 production and assembly plants in 15 countries; the company has a global sales network with representatives in over 140 countries.
Long-term thinking and responsible action are the basis of economic success. Ecological and social sustainability, comprehensive product responsibility and a clear commitment to conserving resources are therefore an integral part of our strategy.
The Yocto Project is an open source collaboration project that creates highly customisable, maintainable, and scalable Linux-based systems primarily for embedded and IOT projects, regardless of the hardware platform and product. For additional information, please visit yoctoproject.org or contact us.
Founded in 2000, the Linux Foundation and its projects are supported by more than 2,950 members. The Linux Foundation is the world's leading home for collaboration on open source software, hardware, standards, and data. Linux Foundation projects are critical to the world's infrastructure including Linux, Kubernetes, Node.js, ONAP, Hyperledger, RISC-V, and more. The Linux Foundation's methodology focuses on leveraging best practices and addressing the needs of contributors, users, and solution providers to create sustainable models for open collaboration. For more information, please visit us at linuxfoundation.org.
The Linux Foundation has registered trademarks and uses trademarks. For a list of trademarks of The Linux Foundation, please see its trademark usage page: www.linuxfoundation.org/trademark-usage. Linux is a registered trademark of Linus Torvalds. Other names and brands may be claimed as the property of others.
Contact:
Dan Whiting
202-531-9091
dwhiting@linuxfoundation.org
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SOURCE Yocto Project | https://www.kxii.com/prnewswire/2022/07/15/bmw-group-joins-linux-foundations-yocto-project/ | 2022-07-15T19:49:04Z |
Vandals steal gas from Phoenix animal shelter van; 35 dogs wait to be rescued in Mexico
By Briana Whitney
Click here for updates on this story
PHOENIX (KTVK, KPHO) — More than 30 puppies will have to wait longer for a Phoenix no-kill rescue to pick them up from Mexico after vandalism held up operations, not once, but twice. The owners are now thousands of dollars out of pocket, but are unsure if the vandalism was done by somebody who finds themselves in the same financial boat.
35 puppies were all loaded up in Rocky Point, Mexico waiting to be picked up by HALO Animal Rescue Thursday. But CEO Heather Allen said when staff went to leave Phoenix in the morning, they noticed there was gas everywhere.
“It appears they used some sort of drill device to make their way through the tank. There were 3 holes in the tank,” Allen said. The van was in the repair shop Thursday, and a new gas tank will cost them $2,500, in addition to a couple hundred more for the broken side mirror they found as well. But this is all too familiar to the shelter.
“Last night was the second time that it’s happened,” said Allen. Just last week, surveillance footage at the rescue captured somebody stealing the hose from another one of their vans to siphon the gas. They’re unsure if both times were done by the same person, and if tough times were the motive.
“Only guessing with the rise in gas costs that it’s causing some people to take desperate measures,” said Allen. The 35 pups are still waiting to be picked up by the no-kill shelter, and luckily the repair shop was able to fix the van in time so they can make it down there Friday instead. But Allen said this only hurts their cause, and ultimately, the animals they’re trying to rescue.
“When something like this happens, it doesn’t just impact the people involved, more so it impacts the animals involved,” said Allen. “Now we’re spending money on gas tank repairs that we would rather be spending on saving animals’ lives.”
If you’d like to help out the shelter with these repair costs you can go to their website here and click “donate.”
Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform. | https://localnews8.com/cnn-regional/2022/04/01/vandals-steal-gas-from-phoenix-animal-shelter-van-35-dogs-wait-to-be-rescued-in-mexico/ | 2022-04-01T23:00:09Z |
- CHMP positive opinion is based on results from three Phase 3 studies: two for induction and one for maintenance1-3
- Ulcerative colitis is a chronic, immune-mediated inflammatory bowel disease that can lead to substantial burden and often disability among patients4-6
- If approved by the European Commission (EC), this would be upadacitinib's fifth therapeutic indication in the EU
- The EC decision is anticipated in the third quarter of 2022
NORTH CHICAGO, Ill., May 23, 2022 /PRNewswire/ -- AbbVie (NYSE: ABBV) today announced the European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP) adopted a positive opinion recommending the approval of upadacitinib (RINVOQ®, 45 mg [induction dose] and 15 mg and 30 mg [maintenance dose]) for the treatment of adult patients with moderately to severely active ulcerative colitis (UC) who have had an inadequate response, lost response or were intolerant to either conventional therapy or a biologic agent.*
UC is the chronic inflammation of the large intestine, usually beginning in the rectum and lower colon, but may also spread continuously to involve the entire colon, which could lead to a significant burden and disability for patients.5 Living with UC impacts all aspects of a patient's life, largely due to unpredictable symptoms such as bowel urgency, abdominal pain, rectal bleeding and bowel incontinence.5
"As leaders in the advancement of care for people with inflammatory bowel disease, we are committed to continued research and development of treatment options that go beyond managing symptoms and include endoscopic and histologic outcomes," said Neil Gallagher, M.D., Ph.D., vice president, development, chief medical officer, AbbVie. "With today's CHMP recommendation of upadacitinib in ulcerative colitis, we've taken a giant step forward toward helping more patients achieve their treatment goals."
AbbVie's application for the approval of upadacitinib in UC is supported by data from two induction studies, U-ACHIEVE induction and U-ACCOMPLISH, and one maintenance study, U-ACHIEVE maintenance.1-3 Across all three Phase 3 studies, significantly more patients treated with upadacitinib achieved the primary endpoint of clinical remission† and all secondary endpoints. This includes statistically significant improvements in these endpoints compared to placebo with 45 mg once daily for the induction studies, and with both 15 mg and 30 mg once-daily doses for the maintenance study.1-3 Additionally, safety results of upadacitinib in UC were consistent with the known safety profile of upadacitinib in rheumatoid arthritis, with no new important safety risks observed.1-3, 7-10
"Patients with ulcerative colitis often face numerous complications and risk relapse. Achieving critical endpoints like clinical remission and mucosal healing can make a significant difference in symptom management and health related quality of life," said Silvio Danese, M.D., Ph.D., director of Gastroenterology and Endoscopy at San Raffaele Hospital and professor of gastroenterology at University Vita-Salute San Raffaele, Milan, Italy. "Upadacitinib could be a promising option for adult patients who continue to have moderately to severely active disease despite treatment with conventional or biologic therapies and I look forward to the European Commission's final decision on its use in ulcerative colitis."
About the U-ACHIEVE Induction, U-ACCOMPLISH and U-ACHIEVE Maintenance Studies1-3,11-13
The three Phase 3 studies are multicenter, randomized, double-blind, placebo-controlled studies to evaluate the efficacy and safety of upadacitinib 45 mg once daily as induction therapy, and upadacitinib 15 mg and 30 mg once daily as maintenance therapy in subjects with moderate to severe ulcerative colitis. Topline results of the U-ACHIEVE induction study were announced in December 2020, topline results of the second induction study, U-ACCOMPLISH, were announced in February 2021, and topline results of the U-ACHIEVE maintenance study were announced in June 2021. More information can be found on http://www.clinicaltrials.gov (NCT03006068, NCT03653026, NCT02819635).
About upadacitinib (RINVOQ®)
Discovered and developed by AbbVie scientists, RINVOQ is a selective and reversible JAK inhibitor that is being studied in several immune-mediated inflammatory diseases.15-20 In human cellular assays, upadacitinib preferentially inhibits signalling by JAK1 or JAK1/3 with functional selectivity over cytokine receptors that signal via pairs of JAK2.14
Phase 3 trials of RINVOQ in rheumatoid arthritis, atopic dermatitis, psoriatic arthritis, axial spondyloarthritis, Crohn's disease, ulcerative colitis, giant cell arteritis and Takayasu arteritis are ongoing.13,15-20 The use of upadacitinib in ulcerative colitis is not approved and its safety and efficacy have not been evaluated by regulatory authorities outside of the U.S. and Puerto Rico.
EU Indications and Important Safety Information about RINVOQ® (upadacitinib)14
Rheumatoid arthritis
RINVOQ is indicated for the treatment of moderate to severe active rheumatoid arthritis in adult patients who have responded inadequately to, or who are intolerant to one or more disease-modifying anti-rheumatic drugs (DMARDs). RINVOQ may be used as monotherapy or in combination with methotrexate.
Psoriatic arthritis
RINVOQ is indicated for the treatment of active psoriatic arthritis in adult patients who have responded inadequately to, or who are intolerant to one or more DMARDs. RINVOQ may be used as monotherapy or in combination with methotrexate.
Ankylosing spondylitis
RINVOQ is indicated for the treatment of active ankylosing spondylitis in adult patients who have responded inadequately to conventional therapy.
Atopic dermatitis
RINVOQ is indicated for the treatment of moderate to severe atopic dermatitis in adults and adolescents 12 years and older who are candidates for systemic therapy.
Contraindications
RINVOQ is contraindicated in patients hypersensitive to the active substance or to any of the excipients, in patients with active tuberculosis (TB) or active serious infections, in patients with severe hepatic impairment, and during pregnancy.
Special warnings and precautions for use
Immunosuppressive medicinal products
Use in combination with other potent immunosuppressants is not recommended.
Serious infections
Serious and sometimes fatal infections have been reported in patients receiving upadacitinib. The most frequent serious infections reported included pneumonia and cellulitis. Cases of bacterial meningitis have been reported. Among opportunistic infections, TB, multidermatomal herpes zoster, oral/esophageal candidiasis, and cryptococcosis have been reported with upadacitinib. As there is a higher incidence of infections in patients ≥65 years of age, caution should be used when treating this population.
Viral reactivation
Viral reactivation, including cases of herpes zoster, was reported in clinical studies. The risk of herpes zoster appears to be higher in Japanese patients treated with upadacitinib.
Vaccinations
The use of live, attenuated vaccines during or immediately prior to therapy is not recommended. It is recommended that patients be brought up to date with all immunizations, including prophylactic zoster vaccinations, prior to initiating upadacitinib, in agreement with current immunization guidelines.
Malignancy
The risk of malignancies, including lymphoma is increased in patients with rheumatoid arthritis (RA). Malignancies, including nonmelanoma skin cancer (NMSC), have been reported in patients treated with upadacitinib. Consider the risks and benefits of upadacitinib treatment prior to initiating therapy in patients with a known malignancy other than a successfully treated NMSC or when considering continuing upadacitinib therapy in patients who develop a malignancy.
Hematological abnormalities
Treatment should not be initiated, or should be temporarily interrupted, in patients with hematological abnormalities observed during routine patient management.
Diverticulitis
Upadacitinib should be used with caution in patients with diverticular disease and especially in patients chronically treated with concomitant medications associated with an increased risk of diverticulitis.
Cardiovascular risk
RA patients have an increased risk for cardiovascular disorders. Patients treated with upadacitinib should have risk factors (e.g., hypertension, hyperlipidemia) managed as part of usual standard of care.
Lipids
Upadacitinib treatment was associated with dose-dependent increases in lipid parameters, including total cholesterol, low-density lipoprotein cholesterol, and high-density lipoprotein cholesterol.
Hepatic transaminase elevations
Treatment with upadacitinib was associated with an increased incidence of liver enzyme elevation compared to placebo.
Venous thromboembolisms
Events of deep vein thrombosis (DVT) and pulmonary embolism (PE) have been reported in patients receiving JAK inhibitors, including upadacitinib. Upadacitinib should be used with caution in patients at high risk for DVT/PE.
Adverse reactions
The most commonly reported adverse reactions in rheumatoid arthritis, psoriatic arthritis, and ankylosing spondylitis clinical trials (≥2% of patients in at least one of the indications) with upadacitinib 15 mg were upper respiratory tract infections, blood creatine phosphokinase (CPK) increased, alanine transaminase (ALT) increased, bronchitis, nausea, cough, aspartate transaminase (AST) increased, and hypercholesterolemia.
The most commonly reported adverse reactions in atopic dermatitis trials (≥2% of patients) with upadacitinib 15 mg or 30 mg were upper respiratory tract infection, acne, herpes simplex, headache, CPK increased, cough, folliculitis, abdominal pain, nausea, neutropenia, pyrexia, and influenza.
The most common serious adverse reactions were serious infections.
The safety profile of upadacitinib with long term treatment was generally similar to the safety profile during the placebo-controlled period across indications.
Overall, the safety profile observed in patients with psoriatic arthritis or active ankylosing spondylitis treated with upadacitinib 15 mg was consistent with the safety profile observed in patients with RA.
In atopic dermatitis, dose-dependent increased risks of infection and herpes zoster were observed with upadacitinib. Based on limited data, there was a higher rate of overall adverse reactions with the upadacitinib 30 mg dose compared to the 15 mg dose in patients aged 65 years and older. The safety profile for upadacitinib 15 mg in adolescents was similar to that in adults. The safety and efficacy of the 30 mg dose in adolescents are still being investigated. Dose-dependent changes in ALT increased and/or AST increased (≥ 3 x ULN), lipid parameters, CPK values (> 5 x ULN), and neutropenia (ANC < 1 x 109 cells/L) associated with upadacitinib treatment were similar to what was observed in the rheumatologic disease clinical studies.
This is not a complete summary of all safety information.
See RINVOQ full summary of product characteristics (SmPC) at www.ema.europa.eu.
Globally, prescribing information varies; refer to the individual country product label for complete information.
About AbbVie in Gastroenterology
With a robust clinical trial program, AbbVie is committed to cutting-edge research to drive exciting developments in inflammatory bowel diseases (IBD), like ulcerative colitis and Crohn's disease. By innovating, learning and adapting, AbbVie aspires to eliminate the burden of IBD and make a positive long-term impact on the lives of people with IBD. For more information on AbbVie in gastroenterology, visit https://www.abbvie.com/our-science/therapeutic-focus-areas/immunology/immunology-focus-areas/gastroenterology.html.
About AbbVie
AbbVie's mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people's lives across several key therapeutic areas: immunology, oncology, neuroscience, eye care, virology, women's health and gastroenterology, in addition to products and services across our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on Twitter, Facebook, LinkedIn or Instagram.
Forward-Looking Statements
Some statements in this news release are, or may be considered, forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "anticipate," "project" and similar expressions, among others, generally identify forward-looking statements. AbbVie cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, failure to realize the expected benefits from AbbVie's acquisition of Allergan plc ("Allergan"), failure to promptly and effectively integrate Allergan's businesses, competition from other products, challenges to intellectual property, difficulties inherent in the research and development process, adverse litigation or government action, changes to laws and regulations applicable to our industry and the impact of public health outbreaks, epidemics or pandemics, such as COVID-19. Additional information about the economic, competitive, governmental, technological and other factors that may affect AbbVie's operations is set forth in Item 1A, "Risk Factors," of AbbVie's 2020 Annual Report on Form 10-K, which has been filed with the Securities and Exchange Commission, as updated by its subsequent Quarterly Reports on Form 10-Q. AbbVie undertakes no obligation to release publicly any revisions to forward-looking statements as a result of subsequent events or developments, except as required by law.
References:
- Vermeire, S., et al. OP23 Efficacy and safety of upadacitinib as induction therapy in patients with Moderately to Severely Active Ulcerative Colitis: Results from phase 3 U-ACCOMPLISH study, Journal of Crohn's and Colitis, Volume 15, Issue Supplement 1 .May 2021.
- Danese, S., et al. OP24 Efficacy and safety of upadacitinib induction therapy in patients with Moderately to Severely Active Ulcerative Colitis: Results from the phase 3 U-ACHIEVE study, Journal of Crohn's and Colitis, Volume 15, Issue Supplement 1. May 2021.
- Danese, S., et al. OP08 The effects of maintenance therapy with upadacitinib on abdominal pain, bowel urgency, and fatigue in patients with moderately to severely active Ulcerative Colitis: Phase 3 U-ACHIEVE maintenance results, Journal of Crohn's and Colitis, Volume 16, Issue Supplement 1. January 2022.
- Gajendran M., et al. A comprehensive review and update on ulcerative colitis. Dis Mon. 2019 Dec;65(12):100851. doi: 10.1016/j.disamonth.2019.02.004. Epub 2019 Mar 2.
- The Facts about Inflammatory Bowel Diseases. Crohn's & Colitis Foundation of America. 2014. Available at: https://www.crohnscolitisfoundation.org/sites/default/files/2019-02/Updated%20IBD%20Factbook.pdf. Accessed on March 29, 2022.
- Mehta F. Report: economic implications of inflammatory bowel disease and its management. Am J Manag Care. 2016 Mar;22(3 Suppl):s51-60.
- Cohen S., et al. Safety profile of upadacitinib in rheumatoid arthritis: integrated analysis from the SELECT phase III clinical programme. Ann Rheum Dis. 2020 Oct 28;80(3):304-11.
- Mease, P.J., et al. Upadacitinib in Patients with Psoriatic Arthritis and Inadequate Response to Biologics: 56-Week Data from the Randomized Controlled Phase 3 SELECT-PsA 2 Study. Rheumatol Ther. 2021 Apr 28. doi: 10.1007/s40744-021-00305-z. Online ahead of print.
- Guttman-Yassky E., et al. Once-daily upadacitinib versus placebo in adolescents and adults with moderate-to-severe atopic dermatitis (Measure Up 1 and Measure Up 2): results from two replicate, double-blind, randomized controlled phase 3 studies. Lancet. doi:10.1016/s0140-6736(21)00588-2.
- Van der Heijde D., et al. Efficacy and Safety of Upadacitinib in a Randomized, Double-Blind, Placebo-Controlled, Multicenter Phase 2/3 Clinical Study of Patients With Active Ankylosing Spondylitis. 2019 ACR/ARP Annual Meeting; 2728.
- A Study to Evaluate the Long-Term Safety and Efficacy of Upadacitinib (ABT-494) in Participants With Ulcerative Colitis (UC). ClinicalTrials.gov. 2021. Available at: https://clinicaltrials.gov/ct2/show/NCT03006068. Accessed on March 29, 2022.
- A Study of the Efficacy and Safety of Upadacitinib (ABT-494) in Participants With Moderately to Severely Active Ulcerative Colitis (U-Accomplish). ClinicalTrials.gov 2021. Available at: https://www.clinicaltrials.gov/ct2/show/NCT03653026. Accessed on March 29, 2022.
- A Study to Evaluate the Safety and Efficacy of Upadacitinib (ABT-494) for Induction and Maintenance Therapy in Participants With Moderately to Severely Active Ulcerative Colitis (UC). ClinicalTrials.gov 2021. Available at: https://www.clinicaltrials.gov/ct2/show/NCT02819635. Accessed on March 29, 2022.
- RINVOQ [Summary of Product Characteristics]. AbbVie Deutschland GmbH & Co. KG; September 2021. Available at: https://www.ema.europa.eu/en/documents/product-information/rinvoq-epar-product-information_en.pdf.
- Pipeline – Our Science | AbbVie. AbbVie. 2021. Available at: https://www.abbvie.com/our-science/pipeline.html. Accessed on March 29, 2022.
- A Study to Compare Safety and Efficacy of Upadacitinib to Dupilumab in Adult Participants With Moderate to Severe Atopic Dermatitis (Heads Up). ClinicalTrials.gov. 2021. Available at: https://clinicaltrials.gov/ct2/show/NCT03738397. Accessed on March 29, 2022.
- A Study to Evaluate Efficacy and Safety of Upadacitinib in Adult Participants With Axial Spondyloarthritis (SELECT AXIS 2). ClinicalTrials.gov. 2021. Available at: https://clinicaltrials.gov/ct2/show/NCT04169373. Accessed on March 29, 2022.
- A Multicenter, Randomized, Double-Blind, Placebo-Controlled Study of ABT-494 for the Induction of Symptomatic and Endoscopic Remission in Subjects With Moderately to Severely Active Crohn's Disease Who Have Inadequately Responded to or Are Intolerant to Immunomodulators or Anti-TNF Therapy. ClinicalTrials.gov. 2021. Available at: https://clinicaltrials.gov/ct2/show/NCT02365649. Accessed on Accessed on March 29, 2022.
- A Study to Evaluate the Safety and Efficacy of Upadacitinib in Participants With Giant Cell Arteritis (SELECT-GCA). ClinicalTrials.gov. 2021. Available at: https://clinicaltrials.gov/ct2/show/NCT03725202. Accessed on March 29, 2022.
- A Study to Evaluate the Efficacy and Safety of Upadacitinib in Subjects With Takayasu Arteritis (TAK) (SELECT-TAK). ClinicalTrials.gov. 2021. Available at: https://clinicaltrials.gov/ct2/show/NCT04161898. Accessed on March 29, 2022.
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SOURCE AbbVie | https://www.kxii.com/prnewswire/2022/05/23/chmp-recommends-european-commission-approval-upadacitinib-rinvoq-treatment-adults-with-moderate-severe-ulcerative-colitis/ | 2022-05-23T06:32:10Z |
NEW YORK, June 12, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Enservco Corporation (NYSE American: ENSV) between May 13, 2021 and April 18, 2022, both dates inclusive (the "Class Period"), of the important July 19, 2022 lead plaintiff deadline.
SO WHAT: If you purchased Enservco 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 Enservco class action, go to https://rosenlegal.com/submit-form/?case_id=6371 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 July 19, 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) Enservco had defective disclosure controls and procedures and internal control over financial reporting; (2) as a result, there were errors in Enservco's financial statements relating to, inter alia, its transactions with Cross River Partners and accounting for Employee Retention Credits ("ERCs"); (3) accordingly, Enservco would need to restate certain of its financial statements and delay the filing of its 2021 annual report with the U.S. Securities and Exchange Commission ("SEC"); (4) Enservco downplayed the true scope and severity of its financial reporting issues; (5) accordingly, Enservco could not file its delayed 2021 annual report with the SEC within its initially represented timeline; and (6) 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 Enservco class action, go to https://rosenlegal.com/submit-form/?case_id=6371 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
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A. | https://www.kxii.com/prnewswire/2022/06/12/top-ranked-rosen-law-firm-encourages-enservco-corporation-investors-with-losses-secure-counsel-before-important-deadline-securities-class-action-ensv/ | 2022-06-12T21:10:02Z |
Pregnant 17-year-old found dead in neighborhood home, family says
CARYVILLE, Tenn. (WVLT/Gray News) - Authorities in Tennessee are investigating the death of a 17-year-old girl.
According to the Campbell County Sheriff’s Office, the girl was found dead on Tuesday morning in a neighborhood home.
WVLT reports the girl’s family identified her as Kimber Marie Wilson. The 17-year-old’s mother, Carol Ann Wilson, said her daughter was five months pregnant.
According to the family, Kimber Marie Wilson was found dead in her great-grandfather’s home. The girl’s uncle said he saw her just after midnight and she seemed OK. They said she was a good kid and a smart girl.
Tennessee Highway Patrol officials said the Caryville Police Department sent a lookout order for a suspect before canceling it after a few hours.
Caryville police did not immediately confirm if a person was in custody, but highway patrol officials said that that is usually the case when a lookout order is canceled.
Copyright 2022 WVLT via Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/08/30/pregnant-17-year-old-found-dead-neighborhood-home-family-says/ | 2022-08-30T22:26:03Z |
Broadband service providers efficiently plan and deliver reliable service and meet FCC reporting requirements
ROLLING MEADOWS, Ill., July 12, 2022 /PRNewswire/ -- Cambium Networks (NASDAQ: CMBM), a leading global provider of wireless networking solutions, today announced that the cnHeat network planning software now makes it easy for all fixed wireless broadband service providers to meet their FCC-mandated Broadband Data Collection (BDC) reporting requirements. cnHeat and the integrated BDC reporting is manufacturer agnostic and can be exercised with Cambium Networks fixed wireless broadband infrastructure, as well other available fixed wireless infrastructure providers' solutions. The platform is particularly beneficial for service providers seeking to deliver reliable fixed wireless connectivity using the Citizens Broadband Radio Service (CBRS) frequency band in the context of the NTIA Broadband Equity, Access and Deployment (BEAD) program.
"Broadband service providers are deploying fixed wireless connectivity to rapidly provide cost-effective connectivity," said Scott Imhoff, Senior Vice President of Product Management and Planning. "The precise information provided by cnHeat enables a great opportunity for broadband service providers in the United States to extend their network coverage using PMP 450 technology in the CBRS spectrum while making it easy to meet BEAD program reporting requirements. In addition to CBRS-based networks, cnHeat can be applied to networks utilizing 2 GHz, 5 GHz, 60 GHz, and 28 GHz including Cambium Networks ePMP and cnWave platforms."
"We have been serving thousands of business and residential subscribers with fixed wireless technology for over 20 years," says Caleb Wiemann, Broadband Support Specialist at Evertek Wireless in Iowa. "Cambium Networks' cnHeat improves the efficiency of providing connectivity to our customers and future growth. End customers will have better connectivity faster and this is good for everyone."
The BEAD program defines "Reliable Broadband Service" as broadband service that the Broadband Data Maps show is accessible to a location. Service providers can use cnHeat planning software with integrated automatic Broadband Data Collection (BDC) to submit high quality data to the FCC and to save time and resources meeting the bi-annual FCC reporting requirements.
"Reporting requirements can be an obstacle. cnHeat with BDC gathers the reporting data we need and enables our planning team and technicians to get installations planned precisely and done right the first time," said Kevin Simms, Wireless Director, GTEK Communications in Portland, TX. "We can rapidly expand our coverage and deliver broadband that makes for happy customers."
Service providers can use cnHeat with integrated Broadband Data Collection to provide 1-meter precise coverage predictions based on LIDAR data that meets BDC requirements and delivers consistently reliable service to subscribers. Built upon Cambium Networks' expertise in fixed wireless Radio Frequency (RF) planning, propagation, and modeling and integrated with GIS data down to one-meter precision, cnHeat enables network operators to generate highly accurate RF predictions and offer reliable service with fixed wireless broadband technology.
Now through September 30, Cambium Networks is offering a special starter kit promotion to service providers in the United States on PMP 450 equipment in the CBRS frequency band.
Join us on July 13 to learn about how ease the pain of Broadband Data Collection and make plans to grow your FWA network within the expanded subsidy environment. Register here.
Cambium Networks provides a comprehensive suite of hardware, software and managed solutions that support multi-gigabit connectivity for service provider, municipal, enterprise and federal defense applications. The comprehensive wireless fabric portfolio of Wi-Fi access points, switches and fixed wireless technologies—all unified by the cnMaestro™ cloud management system—enables networks to run efficiently and easily scale to meet increasing demand.
Find out more about fixed wireless solutions for the CBRS frequency band:
- View the Maximize Your ROI from 3 GHz, CBRS and 5 GHz Spectrum video
- Download the data sheet on the 3 GHz PMP 450m Access Point
Cambium Networks delivers wireless communications that work for businesses, communities, and cities worldwide. Millions of our radios are deployed to connect people, places, and things with a unified wireless fabric that spans multiple standards and frequencies of fixed wireless and Wi-Fi, all managed centrally via the cloud. Our multi-gigabit wireless fabric offers a compelling value proposition over traditional fiber and alternative wireless solutions. We work with our Cambium certified ConnectedPartners to deliver purpose-built networks for service provider, enterprise, industrial, and government connectivity solutions in urban, suburban, and rural environments, with wireless that just works.
Media Contact
Dave Reddy - Big Valley Marketing for Cambium
+1 (650) 868-4659
dreddy@bigvalley.co
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SOURCE Cambium Networks | https://www.kxii.com/prnewswire/2022/07/12/cambium-networks-announces-cnheat-with-integrated-broadband-data-collection-bdc-fixed-wireless-connectivity/ | 2022-07-12T12:39:57Z |
The world's essential solution for international arbitration has been recognized in the Best Legal Information Solution category
NEW YORK, May 5, 2022 /PRNewswire/ -- Wolters Kluwer Legal & Regulatory U.S. today announced that Kluwer Arbitration, the world's leading information-based solution for international arbitration, has been honored as a Silver Stevie Winner for the 20th Annual American Business Awards in the Best Legal Solution category.
"By providing legal professionals with extensive arbitration materials and AI-enabled analytics, Kluwer Arbitration transforms customers' workflow and enables a faster, more efficient arbitration process," said David Bartolone, Vice President and General Manager for the International Group within Wolters Kluwer Legal & Regulatory. "We are honored that Kluwer Arbitration has received this recognition, and we look forward to continuing to evolve this solution to meet and exceed our customers' needs."
Kluwer Arbitration provides exclusive access to arbitration resources and a streamlined research experience that supports legal professionals throughout the arbitration process end-to-end, from selecting the right arbitrator for a case to building a winning strategy. With 4,400+ data-driven arbitrator profiles and relationships of 13,700+ arbitration professionals, the solution offers practical guidance, data-driven information, a rich collection of awards, and superior deep domain expertise content that together save time, make information easily accessible, and drive efficiency in the arbitration research process.
Developed from data-driven information, Kluwer Arbitration provides a visualization of each arbitrator profile, including pie charts and tables. Users can also access valuable information associated with the arbitrator, including links to publications and awards, to gain a deeper understanding of the arbitrator's views and approach. Kluwer Arbitration users can also identify connections of arbitrators to uncover potential conflicts of interest. Together, these data-driven tools empower legal professionals to find, compare, or challenge arbitrators while minimizing involved risks and increasing predictability and efficacy of arbitrator appointments for the parties.
The American Business Awards are the U.S.A.'s premier business awards program. More than 3,700 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories across industries.
Details about The American Business Awards and the list of 2022 Stevie winners are available at www.StevieAwards.com/ABA.
About Wolters Kluwer Legal & Regulatory U.S.
Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk, and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.
Wolters Kluwer reported 2021 annual revenues of €4.8 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,800 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.
Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).
For more information, visit www.wolterskluwer.com, follow us on LinkedIn, Twitter, Facebook, and YouTube.
MEDIA CONTACT:
Linda Gharib
Director, Brand & Communications
Wolters Kluwer Legal & Regulatory U.S.
Tel: +1 (646) 887-7962
Email: lrusmedia@wolterskluwer.com
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SOURCE Wolters Kluwer Legal & Regulatory U.S. | https://www.wibw.com/prnewswire/2022/05/05/wolters-kluwers-kluwer-arbitration-wins-silver-stevie-2022-american-business-awards/ | 2022-05-05T21:52:09Z |
One of Taiwan’s most beautiful roads has reopened
By Wayne Chang, CNN
Taiwan’s Southern Cross-Island Highway has reopened to the public following a 13-year closure.
The alpine highway, which was popular with tourists as well as locals due to its route through rural, scenic parts of the island, was devastated by a typhoon in 2009. More than 90% of the road was damaged and 22 bridges were washed away.
The 154 km (96-mile) long highway, which links Tainan City in southwest Taiwan with Taitung City on the southeast, cuts through Taiwan’s Yushan National Park — home to the island’s highest peak, Jade Mountain — and meanders through the imposing Central Mountain Range.
Along the way, drivers pass river gorges and alpine lakes, as well as hot springs, hiking trails and gigantic cypress woods.
The highest point is Yakou, at 2722 meters (8,930 feet) above sea level. The scenic “sea of clouds” there has long been popular with photographers.
More than 5,800 vehicles entered the highway on the first day of opening, according to Taiwan’s Directorate General of Highways, which oversees all roads on the island.
That is good news for the visitor-deprived island, which has lost out on tourist revenue during the Covid-19 pandemic.
While Taiwan has eased entry restrictions over the last two months and cut home or hotel quarantine from 10 days to seven days, effective May 9, leisure tourists are still unable to visit. This has made domestic travel even more vital for local tourism.
The highway reopened to car and motorbike traffic on May 1, just in time for the busy Labor Day holiday weekend, when many Taiwanese travel locally.
The reopening has been a long time coming.
Early on, rebuilt sections were wiped away after typhoons or heavy rain, sending engineers back to the drawing board.
Ultimately, engineers dredged deep into the rock beds, built retaining walls from more than 120 shipping containers, installed drainage pipes and increased vegetation on slopes to curb landslides and erosion of the road beds.
In addition, parts of the highway are so narrow that large construction equipment couldn’t be used.
At some of the more dangerous alpine sections, construction workers often had to cling from cliffsides with ropes to complete the repairs, including setting nets, spraying cement and securing beams.
“I guess this is what hanging by a thread means,” Lin Wen-lung, a construction contractor told local media in April this year.
Due to the challenging conditions, travelers must abide by some rules.
Popular Yakou will be closed on every Tuesday and Thursday, and motorists are required to enter the section between 7 a.m. to 2 p.m. on all other days so as to minimize the impact on nocturnal animals there.
Additionally, only vehicles below 5 metric tons in weight, passenger vehicles with up to nine people and motorcycles are allowed access there.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/entertainment/cnn-style/2022/05/05/one-of-taiwans-most-beautiful-roads-has-reopened/ | 2022-05-06T11:47:57Z |
DHS chief doubles down on request to migrants at southern border: ‘Do not come’
By Priscilla Alvarez, CNN
Homeland Security Secretary Alejandro Mayorkas on Sunday doubled down on his request for migrants not to attempt to enter the US through its southern border, saying his message to them is clear: “Do not come.”
“Because our border is not open,” Mayorkas told CNN’s Dana Bash on “State of the Union.” “What happens now is individuals are either expelled under the Title 42 authority or they are placed in immigration enforcement proceedings. And they are removed if they do not have a valid claim under our law to remain.”
“So, just to be clear, if somebody is watching this from another country, considering coming. Your message is?” Bash asked.
“Do not come,” the secretary replied.
Mayorkas said that if a record-breaking 18,000 migrants are encountered on the US-Mexico border daily — a potential scenario put forth by DHS — it would put a “strain on the system.”
DHS has been preparing for multiple scenarios when a Trump-era pandemic restriction, known as Title 42, lifts on the US-Mexico border. The authority, invoked at the onset of the coronavirus pandemic, allows border officials to turn away migrants at the US-Mexico border because of the public health crisis.
The secretary maintained that the Biden administration is actively preparing for when that authority lifts. “What we do is we prepare, and we plan, and we’ve been doing so for months,” he said Sunday. “It is our responsibility to be prepared for different scenarios and that is what we are doing.”
Asked about Democratic lawmakers who argue the department is not prepared for a migrant surge at the border, Mayorkas said, “I disrespectfully disagree.” He stressed that preparations ere underway and cited a 20-page memorandum released last week describing the plans in detail.
‘We know where they are’
Mayorkas on Sunday also confirmed that 42 individuals who were on the terrorist screening database had been encountered on the US-Mexico border, telling Fox that the administration has a “handle on it.”
Ohio Rep. Jim Jordan, the top Republican on the House Judiciary Committee, grilled Mayorkas last week over the people encountered at the southern border who were on the terrorist watch list, accusing the secretary of not knowing where they were. Mayorkas provided more information during his interview with Fox, saying he didn’t want to “misspeak” in response to Jordan’s question.
“We know where those 42 individuals are on the TSDB, the terrorist screening database,” he said.
“Let me share with you what happens: They can be removed, they can be placed into custody for criminal prosecution, they can be cooperating in a law enforcement investigation, and I don’t intend to provide that data publicly if it’s law enforcement-sensitive. But we know where those 42 are, and I did not want to speak to the disposition of each and every one of them.”
Asked if Americans should be worried, Mayorkas said, “We’ve got a handle on it,” referring to the entire US enforcement and intelligence enterprise, including the FBI.
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CNN’s Donald Judd and Devan Cole contributed to this report. | https://localnews8.com/politics/cnn-us-politics/2022/05/01/dhs-chief-doubles-down-on-request-to-migrants-at-southern-border-do-not-come/ | 2022-05-01T20:48:01Z |
Highlights
- Second quarter U.S. GAAP loss per diluted share of 55 cents vs. earnings per diluted share of 61 cents in 2021; company recorded non-cash, long-lived asset impairment for Russian operations during second quarter of 2022
- Second quarter comparable earnings per diluted share of 82 cents vs. 86 cents in 2021
- Global beverage can shipments up 3.3%; multi-year sustainability and growth thesis intact
- Strong aerospace backlog and contracts won-not-booked of $3.0 billion and $4.7 billion, respectively
- Rephasing certain beverage can growth capital projects and optimizing production capabilities to meet near-term market growth, enable long-term customer demand and maximize shareholder returns
- Positioned to return approximately $1.0 billion to shareholders via share repurchases and dividends in 2022 and to accelerate shareholder returns in 2023
- Beyond 2022, positioned to achieve long-term diluted earnings per share growth goal of 10 to 15 percent
- Biennial investor day management briefing scheduled for September 22
WESTMINSTER, Colo., Aug. 4, 2022 /PRNewswire/ -- Ball Corporation (NYSE: BALL) today reported, on a U.S. GAAP basis, a second quarter 2022 net loss attributable to the corporation of $174 million (including a net after-tax loss of $437 million, or $1.37 per diluted share for business consolidation and other non-comparable items, including the non-cash, long-lived asset impairment for the Russian beverage packaging operations) or a loss of 55 cents per diluted share, on sales of $4.13 billion, compared to $202 million net earnings attributable to the corporation, or 61 cents per diluted share (including net after-tax charges of $85 million, or 25 cents per diluted share for business consolidation and other non-comparable items) on sales of $3.46 billion in 2021. Results for the first six months of 2022 were net earnings attributable to the corporation of $272 million, or 84 cents per diluted share, on sales of $7.85 billion compared to $402 million, or $1.20 per diluted share, on sales of $6.58 billion for the first six months of 2021.
Ball's second quarter and year-to-date 2022 comparable earnings per diluted share were 82 cents and $1.59, respectively, versus second quarter and year-to-date 2021 comparable earnings per diluted share of 86 cents and $1.58, respectively.
Details of segment comparable operating earnings, business consolidation and other activities, business segment descriptions and other non-comparable items can be found in the notes to the unaudited condensed consolidated financial statements that accompany this news release. References to volume data represent units shipped.
"We delivered stable year-over-year comparable operating earnings amid notable cost inflation, demand volatility and euro earnings translation headwinds. Global growth for sustainable aluminum beverage and personal care products packaging continues and, in certain regions, varied from original expectations. To balance the near-term effects of economic volatility on consumer demand with long-term growth opportunities for our aluminum packaging portfolio and aerospace technologies, the global team has initiated actions to rephase capital projects and further manage costs to maximize EVA, cash, and returns. Through our capital discipline, financial strength, ownership mindset, manufacturing footprint and innovative product portfolio, we can successfully navigate the current economic environment and create value for our stakeholders," said Daniel W. Fisher, president and CEO.
Beverage Packaging, North and Central America
Beverage packaging, North and Central America, segment comparable operating earnings for the second quarter 2022 were $164 million on sales of $1.78 billion compared to $193 million on sales of $1.52 billion during the same period in 2021. For the first six months, segment comparable operating earnings were $338 million on sales of $3.38 billion compared to $333 million on sales of $2.82 billion during the same period in 2021. Year-over-year sales reflect the contractual pass through of higher aluminum costs and price/mix.
Second quarter segment comparable operating earnings were down year-over-year and include the impact of higher manufacturing and inflationary costs. Segment volumes were flat in the second quarter and reflect the deceleration of customer demand resulting from significant retail pricing actions by customers to pass through inflationary costs to consumers, particularly in the U.S.
In response to the deceleration in customer demand late in the second quarter, the construction of a new beverage can manufacturing facility in North Las Vegas, Nevada, has been delayed, and certain actions across the existing North American manufacturing footprint, including ceasing production at our Phoenix, Arizona, and St. Paul, Minnesota, facilities, have been announced to address localized supply/demand imbalances.
Beverage Packaging, EMEA
Beverage packaging, EMEA, segment comparable operating earnings for second quarter 2022 were $129 million on sales of $1.13 billion compared to $124 million on sales of $906 million during the same period in 2021. For the first six months, segment comparable operating earnings were $229 million on sales of $2.08 billion compared to $224 million on sales of $1.70 billion during the same period in 2021. Year-over-year sales reflect higher shipments and the contractual pass through of higher aluminum costs offset by unfavorable foreign exchange translation.
Second quarter segment comparable operating earnings improved versus the same period in 2021 and reflect 7.7 percent segment volume growth and favorable specialty mix offset by $9 million of unfavorable currency translation and the impact of supply chain tightness and inflation across the region. Packaging mix shift to aluminum cans continues and specialty can mix remained above 60 percent during the quarter. Given strong regional demand, the construction of new beverage can manufacturing facilities in the U.K. and Czech Republic remain on track and will enable further growth for sustainable aluminum beverage packaging across the region. Projects are supported by long-term contracts with improved contractual terms and conditions. In advance of new production coming online in EMEA, imports from the company's joint venture beverage can manufacturing facility in Saudi Arabia supplemented existing production capabilities across Europe during the quarter.
As a result of the war in Ukraine, the company previously announced its intention to suspend future investments in Russia and pursue a sale of its Russian business. As of June 30, 2022, the Russian business does not meet the accounting criteria to be presented as held for sale in the consolidated financial statements. See Note 1 "Business Segment Information" for additional information on the non-cash, long-lived asset impairment for the Russian operations recorded in business consolidation and other activities during second quarter of 2022. The company continues to support humanitarian efforts in Ukraine and surrounding European countries as well as manage costs across the segment in advance of the impending Russian business sale. Going forward, the business continues to monitor ongoing inflation and consumer behaviors and will remain agile and disciplined relative to deploying growth capital.
Beverage Packaging, South America
Beverage packaging, South America, segment comparable operating earnings for second quarter 2022 were $52 million on sales of $534 million compared to $78 million on sales of $452 million in 2021. For the first six months, comparable segment operating earnings were $130 million on sales of $1.03 billion compared to $171 million on sales of $939 million during the same period in 2021. Year-over-year sales reflect the contractual pass through of higher aluminum costs and price/mix, partially offset by lower shipments.
Second quarter segment comparable operating earnings decreased 33 percent due to a 2.9 percent decline in segment volumes versus 15.4 percent volume growth in the second quarter of 2021 and unfavorable regional customer/product mix in Brazil.
Demand trends in the company's South American operations outside of Brazil remain favorable. During the quarter, the company announced construction of a new beverage can manufacturing plant in Peru. The segment's performance is expected to improve in the second half of 2022 due to higher single-serve beverage consumption during the World Cup and a seasonally strong fourth quarter.
Aerospace
Aerospace segment comparable operating earnings for second quarter 2022 were $36 million on sales of $490 million compared to $34 million on sales of $459 million in 2021. Second quarter backlog reached $3.0 billion, and contracts won, but not yet booked into backlog, ended the quarter at $4.7 billion. For the first six months, segment comparable operating earnings were $79 million on sales of $994 million compared to $69 million on sales of $883 million during the same period in 2021.
Second quarter segment comparable operating earnings reflect year-over-year sales growth offset by supply chain inefficiencies and rate adjustments. The segment continues to leverage its talent pool and manufacturing capacity, test capabilities, engineering, and support workspace to secure additional defense, climate change and Earth-monitoring contracts to provide mission-critical programs and technologies to U.S. government, defense, intelligence, and reconnaissance and surveillance customers.
Following decades of collaboration, the company joined NASA and industry partners to celebrate the successful initial images from the James Webb Space Telescope. Ball Aerospace designed and built the advanced optical technology and lightweight mirror system that made these unprecedented images possible. Also, during the quarter, the team successfully completed a critical design review of the NOAA Space Weather Follow On-Lagrange 1 Spacecraft (SWFO-L1). Ball will now proceed with the production, integration and test of the space weather monitoring satellite. Expected to launch in 2025, SWFO-L1 will collect solar wind data and coronal imagery to meet NOAA's operational requirements to monitor and forecast impacts from solar storm activity.
Non-reportable
In addition to undistributed corporate expenses, the results for the company's global aluminum aerosol business, beverage can manufacturing facilities in India, Saudi Arabia and Myanmar and investments in the company's aluminum cup business continue to be reported in other non-reportable.
Second quarter 2022 results reflect lower year-over-year undistributed corporate expenses, higher aluminum cup demand in the retail and food service channels, 11.3 percent volume growth for extruded aluminum aerosol containers and 51.7 percent volume growth in the other non-reportable beverage can manufacturing facilities where certain production is being exported to support EMEA segment demand prior to new capital projects coming online in 2022. During the quarter, the company's global aluminum aerosol customers continued to pursue next generation lightweight sustainable personal care packaging solutions including the company's Infinity aluminum bottle and refillable aluminum bottles for new categories.
Outlook
"Business execution, being good stewards of our cash and controlling the things we can control in today's global economic and geopolitical environments is key. Our company's resiliency, financial strength, recession resistant business portfolio and low cost of capital continue to provide stability, optionality and opportunities for long-term growth. We remain well-positioned for medium-term and long-term growth and returning significant value to shareholders through share repurchases and dividends," said Scott C. Morrison, executive vice president and chief financial officer.
"We will continue to actively manage our businesses through the lens of EVA and sustainability. Over our 142-year history, we have remained agile and successfully weathered numerous periods of economic volatility and its associated effects. Through our ability to offset inflationary costs over time, achieve higher returns on invested capital, leverage sustainability and enable supply chain partnerships to support continued mix shift to aluminum packaging, as well as to serve growing demand for our critical aerospace technologies and environmental intelligence, we look forward to achieving our long-term diluted earnings per share growth goal over time and returning even more value to shareholders," Fisher said.
About Ball Corporation
Ball Corporation supplies innovative, sustainable aluminum packaging solutions for beverage, personal care and household products customers, as well as aerospace and other technologies and services primarily for the U.S. government. Ball Corporation and its subsidiaries employ 24,300 people worldwide and reported 2021 net sales of $13.8 billion. For more information, visit www.ball.com, or connect with us on Facebook or Twitter.
Conference Call Details
Ball Corporation (NYSE: BALL) will hold its second quarter 2022 earnings call today at 9 a.m. Mountain time (11 a.m. Eastern). The North American toll-free number for the call is 877-846-2691. International callers should dial +1 212-231-2907. Please use the following URL for a webcast of the live call:
For those unable to listen to the live call, a taped replay will be available from 11 a.m. Mountain time on August 4, 2022, until 11 a.m. Mountain time on August 11, 2022. To access the replay, call 800-633-8284 (North American callers) or +1 402-977-9140 (international callers) and use reservation number 22019534. A written transcript of the call will be posted within 48 hours of the call's conclusion to Ball's website at www.ball.com/investors under "news and presentations."
Forward-Looking Statements
This release contains "forward-looking" statements concerning future events and financial performance. Words such as "expects," "anticipates," "estimates," "believes," and similar expressions typically identify forward-looking statements, which are generally any statements other than statements of historical fact. Such statements are based on current expectations or views of the future and are subject to risks and uncertainties, which could cause actual results or events to differ materially from those expressed or implied. You should therefore not place undue reliance upon any forward-looking statements and they should be read in conjunction with, and qualified in their entirety by, the cautionary statements referenced below. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Key factors, risks and uncertainties that could cause actual outcomes and results to be different are summarized in filings with the Securities and Exchange Commission, including Exhibit 99 in our Form 10-K, which are available on our website and at www.sec.gov. Additional factors that might affect: a) our packaging segments include product capacity, supply, and demand constraints and fluctuations and changes in consumption patterns; availability/cost of raw materials, equipment, and logistics; competitive packaging, pricing and substitution; changes in climate and weather; footprint adjustments and other manufacturing changes, including the startup of new facilities and lines; failure to achieve synergies, productivity improvements or cost reductions; unfavorable mandatory deposit or packaging laws; customer and supplier consolidation; power and supply chain interruptions; changes in major customer or supplier contracts or loss of a major customer or supplier; inability to pass through increased costs; war, political instability and sanctions, including relating to the situation in Russia and Ukraine and its impact on our supply chain and our ability to operate in Russia and the EMEA region generally; changes in foreign exchange or tax rates; and tariffs, trade actions, or other governmental actions, including business restrictions and shelter-in-place orders in any country or jurisdiction affecting goods produced by us or in our supply chain, including imported raw materials; b) our aerospace segment include funding, authorization, availability and returns of government and commercial contracts; and delays, extensions and technical uncertainties affecting segment contracts; c) the Company as a whole include those listed above plus: the extent to which sustainability-related opportunities arise and can be capitalized upon; changes in senior management, succession, and the ability to attract and retain skilled labor; regulatory actions or issues including those related to tax, ESG reporting, competition, environmental, health and workplace safety, including U.S. FDA and other actions or public concerns affecting products filled in our containers, or chemicals or substances used in raw materials or in the manufacturing process; technological developments and innovations; the ability to manage cyber threats; litigation; strikes; disease; pandemic; labor cost changes; inflation; rates of return on assets of the Company's defined benefit retirement plans; pension changes; uncertainties surrounding geopolitical events and governmental policies, including policies, orders, and actions related to COVID-19; reduced cash flow; interest rates affecting our debt; and successful or unsuccessful joint ventures, acquisitions and divestitures, including the announced sale of our Russian business, and their effects on our operating results and business generally.
Condensed Financial Statements (Second Quarter 2022)
Condensed Financial Statements (Second Quarter 2022)
Condensed Financial Statements (Second Quarter 2022)
Notes to the Condensed Financial Statements (Second Quarter 2022)
1. Business Segment Information
Ball's operations are organized and reviewed by management along its product lines and geographical areas and presented in the four reportable segments outlined below.
Beverage packaging, North and Central America: Consists of operations in the U.S., Canada and Mexico that manufacture and sell aluminum beverage containers throughout those countries.
Beverage packaging, EMEA: Consists of operations in numerous countries throughout Europe, including Russia, as well as Egypt and Turkey, that manufacture and sell aluminum beverage containers throughout those countries.
The current global business environment is being impacted directly and indirectly by the effects of the Russian invasion of Ukraine. Ball has suspended future investments in Russia and is pursuing the sale of its aluminum beverage packaging business located in Russia. During the second quarter of 2022, Ball experienced deteriorating conditions and determined this constituted a triggering event for its Russian long-lived asset group. As a result, Ball performed an expected cash flow recoverability analysis to estimate the fair value of the long-lived assets, and recorded an impairment loss of $435 million.
As of June 30, 2022, Ball's Russian aluminum packaging business does not meet the requirements for held for sale presentation in Ball's unaudited condensed consolidated financial statements. The ongoing conflict continues to have the potential to increase Ball's vulnerabilities to near-term, severe impacts related to its Russian business and facilities and it is not possible to accurately predict all future impacts of the invasion. The Russian government has made warnings to companies that cease operations during its invasion of Ukraine and the potential exists that Ball's operations in Russia could be negatively impacted. As such, Russia's invasion of Ukraine and the resulting effects have the potential to impact significant estimates used by Ball in the preparation of its consolidated financial statements, which could result in additional impairments.
Ball's Russian business, which is presented in its beverage packaging, EMEA, reportable operating segment, represented approximately 4 percent of the company's total net sales and 8 percent of the company's total comparable operating earnings for the twelve months ended December 31, 2021. In addition, our plants in Russia accounted for approximately 5 percent of the company's 112.5 billion global beverage can unit shipments for the twelve months ended December 31, 2021. As of June 30, 2022, after the $435 million long-lived asset impairment charge, Ball's Russian business had net assets of $380 million, which consisted primarily of working capital and goodwill that will be allocated to the disposal group upon a future disposal. As of June 30, 2022, in addition to the $380 million of net assets, Ball also had cumulative currency translation gains of $180 million, presented in accumulated other comprehensive earnings (loss) on Ball's unaudited condensed consolidated balance sheets, that will be subject to release upon a disposal of the Russian business. These values are subject to change based on the Russian ruble exchange rate.
Beverage packaging, South America: Consists of operations in Brazil, Argentina, Paraguay and Chile that manufacture and sell aluminum beverage containers throughout most of South America.
Aerospace: Consists of operations that manufacture and sell aerospace and other related products and provide services used in the defense, civil space and commercial space industries.
Other consists of a non-reportable operating segment (beverage packaging, other) that manufactures and sells aluminum beverage containers; a non-reportable operating segment that manufactures and sells extruded aluminum aerosol containers and recloseable aluminum bottles across multiple consumer categories as well as slugs (aerosol packaging); a non-reportable operating segment that manufactures and sells aluminum cups (aluminum cups); undistributed corporate expenses; and intercompany eliminations and other business activities.
The company also has investments in operations in Guatemala, Panama, the U.S. and Vietnam that are accounted for under the equity method of accounting and, accordingly, those results are not included in segment sales or earnings.
During the first quarter of 2022, Ball sold its remaining 49 percent owned equity method investment in Ball Metalpack to Sonoco, a global provider of consumer, industrial, healthcare and protective packaging, for total consideration of approximately $298 million, which is presented in business consolidation and other activities in the unaudited condensed consolidated statement of earnings.
(a) Includes undistributed corporate expenses, net, of $15 million and $28 million for the three months ended June 30, 2022 and 2021, respectively, and $48 million and $54 million for the six months ended June 30, 2022 and 2021, respectively.
2. Non-U.S. GAAP Measures
Non-U.S. GAAP Measures – Non-U.S. GAAP measures should not be considered in isolation. They should not be considered superior to, or a substitute for, financial measures calculated in accordance with U.S. GAAP and may not be comparable to similarly titled measures of other companies. Presentations of earnings and cash flows presented in accordance with U.S. GAAP are available in the company's earnings releases and quarterly and annual regulatory filings. Information reconciling forward-looking U.S. GAAP measures to non-U.S. GAAP measures is not available without unreasonable effort. We have not provided guidance for the most directly comparable U.S. GAAP financial measures, as they are not available without unreasonable effort due to the high variability, complexity and low visibility with respect to certain special items, including restructuring charges, business consolidation and other costs, gains and losses related to acquisition and divestiture of businesses, the ultimate outcome of certain legal or tax proceedings and other non-comparable items. These items are uncertain, depend on various factors and could be material to our results computed in accordance with U.S. GAAP.
Comparable Earnings Before Interest, Taxes, Depreciation and Amortization (Comparable EBITDA), Comparable Operating Earnings, Comparable Net Earnings, Comparable Diluted Earnings Per Share and Net Debt – Comparable EBITDA is earnings before interest, taxes, depreciation and amortization, business consolidation and other non-comparable costs. Comparable Operating Earnings is earnings before interest, taxes, business consolidation and other non-comparable costs. Comparable Net Earnings is net earnings attributable to Ball Corporation before business consolidation and other non-comparable costs after tax. Comparable Diluted Earnings Per Share is Comparable Net Earnings divided by diluted weighted average shares outstanding. We use Comparable EBITDA, Comparable Operating Earnings, Comparable Net Earnings, and Comparable Diluted Earnings Per Share internally to evaluate the company's operating performance. Net Debt is total debt less cash and cash equivalents, which are derived directly from the company's financial statements. Ball management uses Net Debt to Comparable EBITDA and Comparable EBITDA to interest expense as metrics to monitor the credit quality of Ball Corporation.
Please see the company's website for further details of the company's non-U.S. GAAP financial measures at www.ball.com/investors under the "FINANCIALS" tab.
(a) The company reported a U.S. GAAP net loss in the three months ended June 30, 2022, and, as a result, all potentially issuable securities were excluded in the diluted earnings (loss) per share calculation as their effect would have been anti-dilutive. Had these securities been included, approximately 320.8 million weighted average shares would have been used in calculating diluted earnings (loss) per share for the three ended June 30, 2022. Comparable net earnings for the three months ended June 30, 2022, was positive; therefore, approximately 320.8 million weighted average shares were used to calculate comparable diluted earnings per share.
3. Non-Comparable Items
(1) Ball recorded a non-cash impairment for its Russian long-lived asset group. During the second quarter of 2022, Ball experienced deteriorating conditions due to the escalating conflict and associated effects from the Russian invasion of Ukraine. As a result, after taking into account the progress of our ongoing sales process, currency exchange movements, supply challenges and effects of the escalating conflict, the company has concluded the long-lived assets are impaired.
(2) In July 2022, Ball's beverage packaging, South America, segment formally notified a regional customer in Brazil of its breach of a long-term committed supply agreement since the first quarter of 2022, inclusive of beverage can and end volume requirements and associated accounts payable with Ball. In the event that satisfactory rectifying action is not taken in response to the notification of breach, Ball intends to pursue legal action to recover all amounts due and seek damages for non-performance. Ball recorded a charge reflecting an increased risk of not being able to fully collect amounts due from the customer. After recording this charge, Ball has financial exposure on balances due from the customer of $37 million, which are presented in receivables, net, other current assets, and other assets, in its unaudited condensed consolidated balance sheets. Ball considers that losses in the event of an unfavorable outcome to the dispute and any related legal action (or gains in the event of a favorable outcome) would not have a material effect upon its liquidity, results of operations or financial condition.
(3) Ball sold its remaining 49 percent owned equity method investment in Ball Metalpack and recorded a gain. In the second quarter of 2022, Ball recorded charges associated with the reduction of sales price due to customary closing adjustments related to the sale.
(4) The company donated funds to The Ball Foundation, a non-profit philanthropic organization with efforts to build a better world. The Ball Foundation awards grants to nonprofit organizations primarily in communities where the company operates, focusing on priorities related to education, recycling, and disaster relief and preparedness.
(5) Ball recorded a gain from Ball Metalpack's repayment of a loan which was formerly fully reserved.
(6) Ball recorded net impacts associated with its inability to hedge Russian ruble currency exposures.
(7) Ball recorded a benefit for a reduction in the deferred tax liability on the investment in its Russian business which was partially offset by a charge to settle a tax dispute in Uruguay.
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To elevate fans' summer days and in celebration of National Pool Day, the premium hard seltzer brand and leading pool sharing marketplace have partnered to cover lucky fans' pool costs
MODESTO, Calif., July 11, 2022 /PRNewswire/ -- Spirit of Gallo's High Noon, the #1 selling spirit-based hard seltzer1, today announced a strategic partnership with Swimply, a premium pool rental platform, in celebration of National Pool Day. The two brands, who are committed to elevating summer days, have teamed up to provide the ultimate experience for select fans across the country by covering private pool rentals complete with a custom High Noon Pool Kit to elevate their day.
Pool days are more popular than ever – just last year, searches for "Swimming Pools" doubled between May and June2 – but less than 10% of people actually own a pool3. As a brand that believes in always living like the sun's out, coupled with the launch of its new limited time Pool Pack, High Noon saw an opportunity to help fans trade up their summer plans.
"As the #1 premium hard seltzer we can't help but be obsessed about elevating everything about our fans' summers," said Brandon Lieb, Vice President at Spirit of Gallo. "Our partnership with Swimply, who shares our sunny outlook, allows us to continue treating our fans to epic summertime experiences, this time by giving them exclusive access to enjoy High Noon poolside."
"We're thrilled to be partnering with such a staple premium hard seltzer brand like High Noon," said Bunim Laskin, Co-Founder and CEO of Swimply. "This partnership brings a natural synergy, as both companies are at the heart of summer culture, and promote fun in the sun with friends and family."
The High Noon and Swimply private pool day rentals will be available on highnoonswimplysummer.com, starting on July 15 at 12pm ET. Fans will have to swim fast, because only the first 50 people will have their private pool days covered. They'll also receive a High Noon Pool Kit filled with pool day essentials including a cooler, koozie, High Noon x Tropical Bros merch and more.
To score a chance at a private High Noon x Swimply Pool Day and to see the full terms and conditions, visit highnoonswimplysummer.com. For more information on High Noon and its summertime offerings, including Lemon and the LTO Pool Pack, visit highnoonspirits.com.
High Noon premium Hard Seltzer is made with real vodka and real fruit juice, with no added sugar and gluten free. At only 100 calories per can, High Noon is available in Lime, Peach, Black Cherry, Grapefruit, Pineapple, Mango, Passionfruit and Watermelon. The High Noon flavors are available individually ($2.50 MSRP), in 4-packs ($9.99 MSRP), 8-packs ($18.99 MSRP), and 12-packs ($27.99 MSRP). High Noon is part of Spirit of Gallo, an award-winning spirits portfolio that includes E&J Brandy, New Amsterdam and more.
For nearly half a century, the Gallo family has been growing its portfolio of spirits, now enjoyed by people around the world at occasions ranging from a day at the beach to a fine, after-dinner drink. Known best for E&J Brandy, New Amsterdam and the highly acclaimed High Noon Sun Sips, Spirit of Gallo also delivers RumChata, Stratusphere Gin, RumHaven and esteemed partner-owned brands such as The Dalmore, Diplomatico, Don Fulano, and Grupo Montenegro. Spirit of Gallo portfolio is featured on www.spiritofgallo.com
Swimply is a marketplace that connects owners of underutilized swimming pools with people seeking to gather, swim and escape locally. The company is trailblazing the experiential-based sharing category and creating an entirely new income stream for homeowners with pools that are otherwise used just 15 percent of the time. For swimmers, Swimply is disrupting the multi-billion dollar aquatic space and providing an option for the 96 percent of Americans that do not have access to a pool. The company was founded in 2019 and is headquartered in New York City. Swimply is backed by Mayfield, GGV, Norwest Ventures and other notable angels. Learn more on www.swimply.com.
¹ Source: The Tasting Panel, January 2021. Rated via blind tasting of industry professionals.
² Source: Google Trends, May 2022
³ Source: Comfy Living, January 2022
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SOURCE High Noon Spirits Company | https://www.kxii.com/prnewswire/2022/07/11/no-pool-no-problem-high-noon-swimply-are-making-splash-by-giving-out-free-private-pool-days/ | 2022-07-11T13:55:58Z |
NEW YORK, July 25, 2022 /PRNewswire/ -- Attention Apyx Medical Corporation ("Apyx") (NASDAQ: APYX) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between May 12, 2021 and March 11, 2022.
If you suffered a loss on your investment in Apyx, contact us about potential recovery by using the link below. There is no cost or obligation to you.
ABOUT THE ACTION: The class action against Apyx includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (1) a significant number of Apyx's Advanced Energy products were used for off-label indications; (2) such off-label uses led to an increase in the number of medical device reports filed by Apyx reporting serious adverse events; (3) as a result, the Company was reasonably likely to incur regulatory scrutiny; (4) as a result of the foregoing, the Company's financial results would be adversely impacted; 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.
DEADLINE: August 5, 2022
Aggrieved Apyx investors only have until August 5, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent Wong | https://www.kxii.com/prnewswire/2022/07/25/class-action-alert-law-offices-vincent-wong-remind-apyx-investors-lead-plaintiff-deadline-august-5-2022/ | 2022-07-25T11:33:58Z |
BROOMFIELD, Colo., July 3, 2022 /PRNewswire/ -- Even though it's a gardening supply company, Backyard Farming Supply is focused on staying current on relevant economic trends; one of them being the resurgence of the barter system. The barter system has been around since the dawn of time, and it's poised to make a comeback in America as food costs continue to rise. In fact, according to CNN Money, the U.S. Department of Agriculture says food prices could potentially increase by 30% - 50% this year alone. What's more, they are expecting that this trend will continue over the next four years. As these prices continue to climb, bartering your own produce could be an excellent way to help you save money and keep your food budget in check!
The Argument For Bartering
Whether you believe in bartering as an economic system, it's hard to argue with its efficiency. In our current monetary climate, fair value for products and services can vary from person to person—and although I may think that a $30 yoga class is worth $20 to me, another person may think it's worth $50. By swapping goods and services and agreeing on an equal exchange of value, both parties are content; everyone wins. And although cash works just fine for most of us, cash is also susceptible to inflation—bartering offers a way to dodge those pesky price increases.
The Growing Trend in Goods Exchanging
A growing number of people are increasingly trading garden produce in exchange for goods and services. With food costs rising, local organic produce seems to increase rapidly in value. And starting a garden can bring value home. One woman told of trading her first batch of homemade tomato sauce in exchange for two hours' worth of house cleaning services and a yard clean-up. A real estate agent used fresh lemons from his backyard to secure a free car detail. The list goes on... gardeners need cleaning services, and houses need gardening care. By connecting supply with demand, you gain cash flow and fresh organic fruits and vegetables from your backyard! Talk about getting both ends covered!
How to Get Started with a Community Exchange
Your local community is a great place to start. When you join a community bartering organization, you'll probably get most of your trade value from your local area—at least at first. Eventually, as your reputation grows, you can extend far beyond that regional network to find willing and giving barterers throughout North America. The point is that no matter where you live in the world, there are people who will want what you have to offer.
There may be growing pains, but it's okay
Like in any new business or endeavor, there might be growing pains, and it may take time to build a solid reputation. However, as long as you don't overcharge people and take great care of your clients, there is no doubt that if you are organized and effective with your marketing strategy, you'll reach your goals very quickly. Furthermore, as more people sign on to this system, more goods will be traded, leading to increased availability of goods which will help offset costs due to inflation. As everyone gets into the bartering game, they'll also be able to save money by not having to spend so much on things they didn't really need anyway. After all, you can't spend what you don't have!
Come learn with the Backyard Farming family how to grow your own organic food! They can help you reduce costs and ensure you have access to the healthiest food for you and your family. If you are curious about organic fertilizers and learning which would be best for your garden, check out backyardfarmingsupply.com. Please follow them on Instagram and Facebook @backyardfarmingtips for helpful fun facts and tips.
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SOURCE Backyard Farming Supply | https://www.mysuncoast.com/prnewswire/2022/07/03/bartering-better-future-why-barter-system-is-making-comeback/ | 2022-07-03T20:13:00Z |
Bradenton teacher named Florida Teacher of The Year Finalist
Published: May. 18, 2022 at 10:53 AM EDT|Updated: 1 hour ago
BRADENTON, Fla. (WWSB) -The Florida teacher of the year program is recognizing educators in different schools around the state.
In Bradenton, Fla. Samoset Elementary School is naming one of the fourth-grade teachers as a finalist for the 2023 Florida Teacher of the year award.
The Florida Department of Education named Deelah Jackson as one of the finalists due to her outstanding professionalism and all the work that she does with her students.
Jackson has been a teacher at Samoset since August 2015, is the site director for the Enrichment program and assists with the Robotics team.
To learn more about the Florida Teacher of the Year program, please visit https://www.floridateacherslead.org/home.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/05/18/florida-teacher-year-finalist/ | 2022-05-18T16:05:05Z |
LAS VEGAS (AP) — The Las Vegas Raiders concluded organized team practices Thursday with all four quarterbacks on the roster participating but the buzz surrounding the franchise was about Colin Kaepernick, who has gotten a workout with the club.
First-year coach Josh McDaniels wasn’t entertaining any conversation about Kaepernick’s potential future with the team, however.
“Just by a standard procedure, we will only talk about the people on our team,” McDaniels said. “Dave (Ziegler, general manager) and his staff have worked out tons of guys this spring, and we really don’t make comments about the evaluations that we made or what they looked like, what they didn’t look like, strengths and weaknesses, those kind of things.
“They’re kind of private obviously for us as we look at things to try to make decisions to make the team better.”
Kaepernick got his first chance to work out for an NFL team Wednesday since last playing in the league in 2016, when he started kneeling during the national anthem to protest police brutality and racial inequality.
McDaniels said there will be “a lot of people that are going to come in and out of” the facility with an opportunity to make an impression, and each evaluation will remain private.
Kaepernick hasn’t played since the end of the 2016 season when he was cut by San Francisco when the new regime led by coach Kyle Shanahan wanted to go in a different direction at quarterback.
Until this week, he never got another opportunity to even to work out for NFL teams as he alleged he had been blackballed over his protests. He met with Seattle and had informal talks with Baltimore but never got a closer look.
Kaepernick filed a grievance with the NFL in 2017 over his lack of opportunity and settled it in 2019 — but still never got another look.
The Raiders don’t have a glaring need at quarterback. They signed starter Derek Carr to an extension last month and added Nick Mullens as a backup this offseason. They also traded for Jarrett Stidham and signed Chase Garbers as an undrafted free agent.
“People say you’ve got an established (veteran quarterback). We certainly do,” McDaniels said. “The next guy in line, you don’t really talk about him until he’s the most important guy in your organization when the starter gets hurt. It’s one of the toughest positions, if not the toughest position, to play in all of sports. To try to constantly shuffle through and make sure that you’re doing the best you can to provide competition in that room, and to have guys in there that can learn and play and produce in your system with the group that we have is really an important part of any football team.”
Mullens, Stidham and Garbers will all compete for the No. 2 slot behind Carr, who ranked fifth in the league with 4,804 yards passing last season. All four rotated between stations, working out with specific offensive units during Thursday’s two-hour session.
“Each day is an opportunity for them to grow,” McDaniels said. “We’re encouraging the competition right now.”
The same can be said for an offensive line that was rated 28th in Pro Football Focus’ final unit rankings.
“Young guys are trying to absorb as much as they can and our job as old guys, we’re trying to show them the ropes,” tackle Kolton Miller said ”Everything’s a lot different now so they’re getting adjusted and they’re doing great.”
McDaniels said his staff couldn’t ask for much more than it has gotten thus far.
“They’re learning a new language, quite honestly, in each phase of the game,” McDaniels said. “Whenever that’s the case the first thing you have to do is really start to understand the verbiage. … The attention, the effort, the attitude we have is tremendous. A long way to go before we can really say ‘we got it, we understand everything’ but after three days of this I’m pleased with kind of where we’re headed.”
VETERAN NEWBIE
Eight-year veteran linebacker Denzel Perryman was brought in last season mainly because of his familiarity with then-defensive coordinator Gus Bradley, whom he played for during his time with the Chargers. After being a mentor to the younger players last season, Perryman said everyone is on a level playing field learning first-year defensive coordinator Patrick Graham’s system.
“Everything’s just different, but it’s a good different,” said Perryman, who led the team with 154 tackles last season. “It’s a brand new start for everybody. At the same time I’m helping guys out … I’m trying to make the 53 as well.”
___
More AP NFL: https://apnews.com/hub/nfl and https://apnews.com/hub/pro-32 and https://twitter.com/AP_NFL | https://cw33.com/sports/ap-sports/mcdaniels-mum-on-kaepernick-workout-for-raiders/ | 2022-05-27T16:39:32Z |
CLEARWATER BEACH, Fla., May 26, 2022 /PRNewswire/ -- Sheraton Sand Key Resort's CEO, Russ Kimball announced this week that their award-winning Executive Chef, Chef Andrew Basch has joined the prestigious Chaîne des Rôtisseurs, the world's oldest international gastronomic society devoted to the promotion of fine dining, culinary arts and bringing together the world's top chefs. The community has welcomed Basch by honoring him with membership in this gastronomic society that was founded in Paris in 1248.
Boasting over 20 years of experience in the food service industry, Chef Andrew Basch joined Sheraton Sand Key in 2019 to oversee their culinary operations. "Being part of the culinary team at Sheraton Sand Key Resort has inspired me to be creative, pull inspiration from my Italian and German roots and provide our guests with a unique fine-dining experience they can't get anywhere else," explained Basch.
Basch oversees the catering and banquet operations for Sheraton Sand Key Resort, as well as, four on-site restaurants and bars that offer a variety of menu options and ambiances, including Rusty's Bistro, an eight-time consecutive Golden Spoon Awards Winner by Florida Trend Magazine. Basch has continued the legacy of the Sand Key staple, Rusty's Bistro, by giving guests a memorable dining experience with locally sourced and innovative menu options.
Basch commented on the achievement, "As a chef, I always want to provide exceptional service and exciting cuisine that is reflective of the region and gives guests a unique culinary experience. I'm proud to be a member of this historic organization among some of the world's top culinary talents."
About Sheraton Sand Key Resort
Sheraton Sand Key Resort is located directly on the beach at Sand Key. Offering 390 rooms and suites overlooking the Gulf of Mexico and the Intracoastal Waterway, the resort offers a legacy of exceptional hospitality serving guests from around the world.
For more information, visit https://www.marriott.com/en-us/hotels/tpasi-sheraton-sand-key-resort
About Chaîne des Rôtisseurs
Confrérie de la Chaîne des Rôtisseurs is the world's oldest international gastronomic society, founded in Paris in 1248. It is devoted to preserving the camaraderie and pleasures of the table and to promoting excellence in all areas of the hospitality arts. For more information, visit https://www.chaineus.org/
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SOURCE Sheraton Sand Key Resort | https://www.mysuncoast.com/prnewswire/2022/05/26/award-winning-chef-andrew-basch-sheraton-sand-key-resort-joins-chane-des-rtisseurs/ | 2022-05-26T19:27:05Z |
VICTORVILLE, Calif. (AP) — A Southern California shoe store owner opened fire at two shoplifters, police said, but mistakenly shot a 9-year-old girl about to get her picture with a mall Easter bunny. The store owner fled the state and was arrested in Nevada, authorities said Wednesday.
Marqel Cockrell, 20, was chasing the shoplifters out of the store Tuesday evening at the Mall of Victor Valley in the small city of Victorville when he “fired multiple shots at the shoplifters,” Victorville police said in a statement.
“Cockrell’s shots missed the shoplifters and instead hit the 9-year-old female victim,” the statement said.
The girl, identified by family members as Ava Chruniak, had been getting ready for pictures with the Easter bunny in the mall when the shots were fired, said her grandmother, Robin Moraga-Saldarelli. The girl was left with three gunshot wounds, including two in her arm, Moraga-Saldarelli said.
One bullet fractured a bone.
“And it’s the kind of fracture they can’t surgically fix. She’s going to have to wear a special brace for it, and it’s going to take a lot longer to heal,” she told Fox 11 TV in Los Angeles.
“It’ll be awhile before the bone heals and then we will see the extent of the nerve damage, but she’s a trooper. She really is a tough little kid,” Moraga-Saldarelli told KNBC-TV.
Deputies responding to the reports of gunfire found Ava wounded at about 6:30 p.m., the San Bernardino County Sheriff’s Department said.
She was airlifted to a hospital in stable condition, officials said. The mall’s stores were locked down and customers sheltered inside as deputies searched for the shooter.
Cockrell, a co-owner of the shoe store Sole Addicts, was arrested in his car at about 9 p.m. in Clark County by the Nevada Highway Patrol, Victorville police said.
He was being held Wednesday for lack of $1 million bail at the Clark County Detention Center “on an extraditable warrant, for attempted murder,” Victorville police said. An extradition hearing was scheduled for Thursday and jail and court records did not indicate whether Cockrell had an attorney representing him who could comment on his behalf.
“I’m glad they caught him and he will definitely pay for this. I really hope they throw the book at him,” Moraga-Saldarelli told KNBC-TV.
The mall was closed Tuesday after the shooting and reopened on Wednesday. | https://cw33.com/news/u-s-news/ap-u-s-headlines/police-girl-shot-as-california-shop-owner-fires-at-thieves/ | 2022-04-14T19:47:12Z |
DALLAS (KDAF) — You might have seen some of Alli Koch’s designs all over the Dallas-Fort Worth Metroplex. Fun on the Run’s Yolonda Williams has and wanted to see what the inspiration was behind her designs.
How did you get started doing this?
“I think I was meant to be doing this. It was a tough struggle. I couldn’t find a job right outside of college. I was down on myself, [thinking] like, ‘Oh my gosh. What am I going to do?’ So I started painting canvases for my friends and family. And long story short, seven years later, I’m now painting on buildings, on the sides of walls. I have eight published books to help other people learn how to draw and paint. It’s been a true blessing.”
Why have you chosen to paint in black and white?
“That’s my pocket. That’s what I love. Some people are drawn to color; I am drawn to the textures and the big contrasts that black and white has. I do have some murals that do pops of color here and there, but if I have the choice. Like this mural that she gave me the choice. We’re painting in Solomon’s Art Studio and she was like, ‘Hey do your thing.’ And I was like, ‘Okay, I’m doing my thing, a black and white inspirational quote.’ It’s my jam.”
Do you have a favorite piece?
“That’s hard. That’s like asking, ‘Who is your favorite child?’ No, it’s hard. Either or; they all have their same feel, but also they have different stories to them so it’s hard to pick a favorite. I think my favorite right now is my ‘Be You’ mural. My very first mural that I did was a ‘Be You’ mural. It’s kind of what sparked the inspiration of inspirational quotes and black and white florals. I was like, ‘This is what I love to do.’ And it kind of popped off from there.
WATCH the video player above for the full interview with AlliKDesign. For more of Alli’s work, visit her website and Instagram. | https://cw33.com/news/fun-on-the-run-news/a-sitdown-conversation-with-dallas-designer-allikdesign/ | 2022-06-21T22:34:33Z |
Published in PLOS ONE, the CANcer Detection in Dogs (CANDiD) study–the largest clinical validation study in veterinary cancer diagnostics–sets a new benchmark for veterinary medicine
SAN DIEGO, April 26, 2022 /PRNewswire/ -- PetDx® – The Liquid Biopsy Company for Pets™ today announced the publication of a landmark study in PLOS ONE, a peer-reviewed open access scientific journal from the Public Library of Science. The publication details the largest clinical validation study ever performed in veterinary cancer diagnostics and demonstrates that the performance of OncoK9® – The Liquid Biopsy Test for Dogs™ mirrors that of leading multi-cancer early detection (MCED) tests for humans.
The CANcer Detection in Dogs (CANDiD) study, an international, multi-center clinical study, was designed to validate the performance of OncoK9–a novel MCED test for dogs using next-generation sequencing (NGS) of blood-derived DNA.
"PetDx has made an unprecedented investment over the past few years to develop and validate a blood-based test for the detection and characterization of cancer in our canine companions. This landmark study, and our rich R&D pipeline in veterinary oncology, underscore our commitment to building PetDx into the world's leading veterinary cancer diagnostics company," said Daniel S. Grosu, MD, MBA, Founder and CEO of PetDx.
The study was performed on blood samples collected prospectively from more than 1,000 client-owned dogs at more than 40 clinical sites across the United States, Canada, Brazil, the Netherlands, France, and Hong Kong between 2019 and 2021. The results demonstrated the test's ability to detect 30 different types of canine cancer, with sensitivity of 85.4% for three of the most aggressive canine cancers (lymphoma, hemangiosarcoma and osteosarcoma) and overall sensitivity of 54.7%, at a specificity of 98.5% (corresponding to a false positive rate of just 1.5%).
"The pace of enrollment into this study across the globe was truly inspiring: dog owners as well as veterinarians are eager to have a non-invasive cancer detection test and were happy that their dogs could be part of this groundbreaking research. Having this new tool in the toolbox is incredibly exciting for veterinarians; earlier detection, when incorporated as part of preventive care, can improve cancer outcomes and may shorten the path to diagnosis in clinically challenging cases," said Andi Flory, DVM, DACVIM (Oncology), Chief Medical Officer at PetDx and the study's lead author.
Cancer is by far the leading cause of death in dogs, with approximately 6 million new cases diagnosed each year in a population of approximately 90 million pet dogs in the United States. Currently there are no established cancer screening guidelines for dogs, and the majority of cases are diagnosed only when dogs start to show clinical signs, by which time the cancer is often advanced and the chances of achieving a cure or long-term control are low.
"Our clinic was honored to participate in the CANDiD study, which we found to be a meticulously executed prospective-collection study that dog parents were really excited to participate in. My own dogs, Buccee and Bella, were the very first enrollees at our hospital, and they are proud to have contributed to such a monumental effort to help dogs with cancer," said Tracy LaDue, DVM, DACVIM (Oncology), DACVR (Radiation Oncology), Medical and Radiation Oncologist at Southeast Veterinary Oncology and Internal Medicine and PetCure Oncology, Jacksonville, Fla., which was the study's first clinical site and enrolled 88 dogs.
OncoK9, the first and only "liquid biopsy" test for the detection of cancer-associated genomic alterations in veterinary patients, is currently recommended as an annual screening test for dogs at higher risk of cancer due to age and/or breed, and as an aid-in-diagnosis for dogs in which cancer is suspected based on clinical signs or other clinical findings. Given the prevalence of cancer in these canine patient populations, the test's positive predictive value (PPV)–which describes the probability that a patient with a positive OncoK9 result does in fact have cancer–is estimated to be 76-80% in the screening use case and 94-97% in the aid-in-diagnosis use case. Further studies are underway to support the application of the test in additional use cases, including minimal residual disease detection, recurrence monitoring, treatment response monitoring, and targeted treatment selection.
"During the past decade, novel genomic testing solutions using liquid biopsy technology have catalyzed paradigm shifts in multiple areas of human medicine, such as oncology, obstetrics, infectious disease, and organ transplantation. Our team is delighted to bring this revolutionary innovation to veterinary medicine, starting with a detection solution for cancer–the biggest health threat faced by humanity's best friends," said Dana Tsui, PhD, Chief Scientific Officer at PetDx and the study's senior author.
Since its launch in 2021, the OncoK9 liquid biopsy test has been successfully integrated into routine testing at many hundreds of leading veterinary practices nationwide as a new preventive care and aid-in-diagnosis tool. Today, blood samples from all over the country are shipped daily to the PetDx central laboratory in San Diego, and results are delivered to ordering veterinarians within 10 business days. The test is available at veterinary clinics in the United States and Canada through PetDx and IDEXX Reference Laboratories.
About PetDx
PetDx® – The Liquid Biopsy Company for Pets™ is a San Diego-based molecular diagnostics company dedicated to unleashing the power of genomics to improve pet health. The company's flagship product, OncoK9®, enables veterinarians to detect cancer in dogs with a simple blood draw. As a first-in-class multi-cancer early detection (MCED) test, OncoK9 employs cutting-edge genomic analysis that leverages next-generation sequencing (NGS) technology and proprietary bioinformatics algorithms, empowering veterinarians to provide superior care to canine patients. To learn more, visit www.petdx.com and connect with us on Facebook, Instagram, LinkedIn, and Twitter.
Contact: PetDX@teamlewis.com
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SOURCE PetDx | https://www.kxii.com/prnewswire/2022/04/26/petdx-announces-publication-landmark-clinical-validation-study-oncok9-its-pioneering-multi-cancer-early-detection-test-dogs-using-next-generation-sequencing/ | 2022-04-26T20:02:19Z |
RIO DE JANEIRO (AP) — Tesla and SpaceX chief executive officer Elon Musk met with Brazil’s President Jair Bolsonaro on Friday to discuss connectivity and other projects in the Amazon rainforest.
The meeting, held in a luxurious resort in Sao Paulo state, was organized by Communications Minister Fábio Faria, who has said he is seeking partnerships with the world’s richest man to bring or improve internet in schools and health facilities in rural areas using technology developed by SpaceX and Starlink, and also to preserve the rainforest.
“Super excited to be in Brazil for launch of Starlink for 19,000 unconnected schools in rural areas & environmental monitoring of Amazon,” Musk tweeted Friday morning.
Illegal activities in the vast Amazon rainforest are monitored by several institutions, such as the national space agency, federal police and environmental regulator Ibama.
But deforestation in the Brazilian Amazon has surged under Bolsonaro, reaching its highest annual rate in more than a decade, according to official data from the national space agency. Bolsonaro’s critics say he is largely to blame, having emboldened loggers and land grabbers with his fervent support for development of the region.
During the event, Bolsonaro said the region was “really important” to Brazil.
“We count on Elon Musk so that the Amazon is known by everyone in Brazil and in the world, to show the exuberance of this region, how we are preserving it, and how much harm those who spread lies about this region are doing to us,” he said.
Bolsonaro and Musk appeared in a video transmitted live on the president’s Facebook account, standing together on a stage and answering questions from a group of students.
“A lot can be done to improve quality of life through technology,” Musk told the crowd.
Although none of the students asked about Musk’s prospective purchase of Twitter, Bolsonaro said that it represented a “breath of hope.”
“Freedom is the cement for the future,” he said, calling the billionaire a “legend of freedom.”
Musk has offered to buy Twitter for $44 billion, but said this week the deal can’t go forward until the company provides information about how many accounts on the platform are spam or bots.
Like Musk, Bolsonaro has sought to position himself as a champion of free speech and opposed the deplatforming of individuals including his ally, former U.S. President Donald Trump.
The meeting with Bolsonaro occurs just five months before the far-right leader will seek a second term in a hotly anticipated election. | https://cw33.com/news/ap-top-headlines/elon-musk-visits-brazils-bolsonaro-to-discuss-amazon-plans/ | 2022-05-20T17:06:16Z |
Violinist offering reward in finding stolen vintage violin
By WBBM Staff
Click here for updates on this story
CHICAGO (WBBM) — A Chicago violinist is asking the public’s help in finding her stolen violin. there’s even a $10,000 reward.
The vintage Italian violin, built in 1758, was taken during a burglary at her South Loop home last week.
Violinist Minghuan Xu and her family were sleeping when the thief broke in and took the rare instrument.
Cook County Crime Stoppers will be out this weekend to pass out flyers and ask the community for any information.
Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform. | https://localnews8.com/cnn-regional/2022/05/21/violinist-offering-reward-in-finding-stolen-vintage-violin/ | 2022-05-21T23:48:40Z |
Over 50 feared dead in Nigeria church attack, officials say
ABUJA, Nigeria (AP) — Gunmen opened fire on worshippers and detonated explosives at a Catholic church in southwestern Nigeria on Sunday, leaving dozens feared dead, state lawmakers said.
The attackers targeted the St. Francis Catholic Church in Ondo state just as the worshippers gathered on Pentecost Sunday, legislator Ogunmolasuyi Oluwole said. Among the dead were many children, he said.
The presiding priest was abducted as well, said Adelegbe Timileyin, who represents the Owo area in Nigeria’s lower legislative chamber.
“Our hearts are heavy,” Ondo Governor Rotimi Akeredolu tweeted Sunday. “Our peace and tranquility have been attacked by the enemies of the people.”
Authorities did not immediately release an official death toll. Timileyin said at least 50 people had been killed, though others put the figure higher. Videos appearing to be from the scene of the attack showed church worshippers lying in pools of blood while people around them wailed.
Nigerian President Muhammadu Buhari said “only fiends from the nether region could have conceived and carried out such dastardly act,” according to a statement from his spokesman.
“No matter what, this country shall never give in to evil and wicked people, and darkness will never overcome light. Nigeria will eventually win,” said Buhari, who was elected after vowing to end Nigeria’s prolonged security crisis.
In Rome, Pope Francis responded to news of the attack.
“The pope has learned of the attack on the church in Ondo, Nigeria and the deaths of dozens of worshippers, many children, during the celebration of Pentecost. While the details are being clarified, Pope Francis prays for the victims and the country, painfully affected at a time of celebration, and entrusts them both to the Lord so that he may send his spirit to console them,” the pope said in a statement issued by the Vatican press office.
It was not immediately clear who was behind the attack on the church. While much of Nigeria has struggled with security issues, Ondo is widely known as one of Nigeria’s most peaceful states. The state, though, has been caught up in a rising violent conflict between farmers and herders.
Nigeria’s security forces did not immediately respond to questions about how the attack occurred or if there are any leads about suspects. Owo is about 345 kilometers (215 miles) east of Lagos.
“In the history of Owo, we have never experienced such an ugly incident,” said lawmaker Oluwole. “This is too much.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/06/06/over-50-feared-dead-nigeria-church-attack-officials-say/ | 2022-06-06T02:10:51Z |
Aston Martin and Zagato have enjoyed a long and fruitful relationship since their first collaboration, the now iconic DB4 GT Zagato first unveiled in 1960. Over the ensuing decades the duo has coined several such collaborations, including the DB7 Zagato unveiled at the 2002 Paris International Motor Show and limited to 99 examples.
Further to the announcement of the DB7 Zagato, a great deal of interest was shown by customers in the U.S. for a version suited specifically to the warm, sunny climates of Florida and California. Thus the collaboration extended to an identical number of DB AR1 (American Roadster 1) sports cars being produced, one of which can now be yours.
This one, listed for sale on Bring a Trailer, is car number 29 of the 99-unit production run and has just 4,400 miles on its odometer.
The DB-AR1 is based on Aston Martin’s DB7 launched in 1993 but features a unique, hand-formed body crafted from aluminum and a rear deck with a double-bubble design, a nod to the double-bubble roofs that typically feature on Zagato’s coupes. This one is also finished in Orient Blue paint and fitted with a Bridge of Weir tan leather interior.
Although the DB AR1 design is inspired by the DB7 Zagato, the two cars feature different lines. This isn’t only due to the missing roof of the DB AR1. The car also rides on the standard wheelbase of the DB7 and not the shortened setup of the DB7 Zagato.
Power in the car comes from Aston Martin’s former 5.9-liter V-12, tuned here to deliver 435 hp and 410 lb-ft of torque. It results in a 0-60 mph time of 4.9 seconds and a top speed of 185 mph, both respectable numbers for a car from the early 2000s. Impressively, power is delivered to the rear wheels via a 6-speed manual transmission.
The car’s current location is at Mohr Imports in Monterey, California. The current bid on Bring a Trailer at the time of writing is $100,000, with nine days left for the sale. A book containing photos and documentation of the build is also included with the sale.
The relationship between Aston Martin and Zagato continues to this day, with the most recent collaboration taking place in 2019 in the form of the DBS Superleggera-based DBS GT Zagato. Just 19 of those cars were built.
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- 1955 Maserati A6G/54 2000 Spyder by Zagato heads to auction | https://cw33.com/automotive/internet-brands/rare-aston-martin-db-ar1-combines-v-12-with-6-speed-manual-and-can-be-yours/ | 2022-08-10T18:01:47Z |
GENEVA (AP) — The number of new coronavirus cases rose by 18% in the last week, with more than 4.1 million cases reported globally, according to the World Health Organization.
The U.N. health agency said in its latest weekly report on the pandemic that the worldwide number of deaths remained relatively similar to the week before, at about 8,500. COVID-related deaths increased in three regions: the Middle East, Southeast Asia and the Americas.
The biggest weekly rise in new COVID-19 cases was seen in the Middle East, where they increased by 47%, according to the report released late Wednesday. Infections rose by about 32% in Europe and Southeast Asia, and by about 14% in the Americas, WHO said.
WHO Director-General Tedros Adhanom Ghebreyesus said cases were on the rise in 110 countries, mostly driven by the omicron variants BA.4 and BA.5.
“This pandemic is changing, but it’s not over,” Tedros said this week during a press briefing. He said the ability to track COVID-19’s genetic evolution was “under threat” as countries relaxed surveillance and genetic sequencing efforts, warning that would make it more difficult to catch emerging and potentially dangerous new variants.
He called for countries to immunize their most vulnerable populations, including health workers and people over 60, saying that hundreds of millions remain unvaccinated and at risk of severe disease and death.
Tedros said that while more than 1.2 billion COVID-19 vaccines have been administered globally, the average immunization rate in poor countries is about 13%.
“If rich countries are vaccinating children from as young as 6 months old and planning to do further rounds of vaccination, it is incomprehensible to suggest that lower-income countries should not vaccinate and boost their most at risk (people),” he said.
According to figures compiled by Oxfam and the People’s Vaccine Alliance, fewer than half of the 2.1 billion vaccines promised to poorer countries by the Group of Seven large economies have been delivered.
Earlier this month, the United States authorized COVID-19 vaccines for infants and preschoolers, rolling out a national immunization plan targeting 18 million of the youngest children. American regulators also recommended that some adults get updated boosters in the fall that match the latest coronavirus variants.
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Follow AP’s coverage of the pandemic at https://apnews.com/hub/coronavirus-pandemic | https://cw33.com/health/ap-health/who-covid-19-cases-rising-nearly-everywhere-in-the-world/ | 2022-07-01T00:15:48Z |
LOS ANGELES, Sept. 7, 2022 /PRNewswire/ -- B. Riley Securities, Inc., a leading full service investment bank and subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley"), today announced it will host its second annual Crypto Conference on Thursday, September 29, 2022 in New York.
B. Riley Securities 2nd Annual Crypto Conference: Miners + Web3 + DeFi will feature public and privately held companies across the digital asset chain in a forum designed for maximum knowledge sharing. Executive management teams from leading operators across blockchain infrastructure, computing, crypto exchanges, decentralized finance (DeFi), hosting, mining, staking and Web3 will engage in-person with investors to provide insight into the next phase of growth for this evolving asset class.
"Our annual Crypto Conference highlights our firm's multidisciplinary approach in serving stakeholders across the crypto economy with each of our participants representing a different angle of the evolving digital asset chain," said Andy Moore, CEO of B. Riley Securities. "Our event aims to serve as a rich forum for institutional investors to gain insight into this ascending asset class directly from leading operators."
Conference highlights include a series of fireside chats moderated by B. Riley's award winning equity research team. Corporate management teams will be available for one-on-one and small group meetings with institutional investors.
Early confirmed participants include:*
Participation is by invitation only and is reserved for clients of B. Riley. Interested participants may contact their B. Riley representative for more information or email conference@brileyfin.com.
B. Riley Securities serves more than 1,100 institutional investors and has become one of the largest underwriters for crypto-related businesses, raising hundreds of millions of dollars for such companies since 2021. To learn more about B. Riley Securities, visit www.brileysecurities.com.
B. Riley Securities provides a full suite of investment banking, corporate finance, advisory, research, and sales and trading services. Investment banking services include initial, secondary and follow-on offerings, institutional private placements, merger and acquisition (M&A) advisory, SPACs, corporate restructuring and recapitalization. B. Riley is nationally recognized and highly ranked for its proprietary small-cap equity research. The firm is a wholly owned subsidiary of B. Riley Financial. Please see www.brileyfin.com/disclosures for disclosures about B. Riley Securities Research.
B. Riley Financial is a diversified financial services platform that delivers tailored solutions to meet the strategic, operational, and capital needs of its clients and partners. B. Riley leverages cross-platform expertise to provide clients with full service, collaborative solutions at every stage of the business life cycle. Through its affiliated subsidiaries, B. Riley provides end-to-end, collaborative financial services across investment banking, institutional brokerage, private wealth and investment management, financial consulting, corporate restructuring, operations management, risk and compliance, due diligence, forensic accounting, litigation support, appraisal and valuation, auction, and liquidation services. B. Riley opportunistically invests to benefit its shareholders, and certain registered affiliates originate and underwrite senior secured loans for asset-rich companies. B. Riley refers to B. Riley Financial, Inc. and/or one or more of its subsidiaries or affiliates. For more information, please visit www.brileyfin.com.
Contacts
Media Inquiries
Jo Anne McCusker
press@brileyfin.com
(646) 885-5425
Event Inquiries
Jolene Glasser
conference@brileyfin.com
(818) 746-9524
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SOURCE B. Riley Financial | https://www.wibw.com/prnewswire/2022/09/07/b-riley-host-second-annual-crypto-conference-september-29-2022-new-york/ | 2022-09-07T21:11:07Z |
LAS VEGAS, July 19, 2022 /PRNewswire/ -- PlayAGS, Incorporated (NYSE: AGS) ("AGS" or the "Company") today announced it will release its financial results for the second quarter ended June 30, 2022 after the market close on Tuesday, August 9, 2022. The Company will host an investor conference call and live webcast the same day at 5 p.m. EDT to further discuss its second quarter 2022 financial performance and current business outlook.
The Company encourages participants to pre-register for the conference call by using the following link: AGS Q2 2022 Earnings Call. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to the call start time.
To pre-register, please click here: AGS Q2 2022 Earnings Call
Investor Conference Call
Tuesday, August 9, 2022
5 p.m. EDT/ 2 p.m. PDT
Those unable to pre-register may participate by calling:
U.S. Participants: +1 (844) 200-6205 or +1 (646) 904-5544
International Participants: +1 (929) 526-1599
Conference Access Code: 403415
Webcast
To access the live webcast of the call, please visit the Company's website at http://investors.playags.com and click on "Events". A replay of the webcast will be available approximately one hour after the webcast and will be archived on the Company's website for 30 days.
AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Our roots are firmly planted in the Class II Native American gaming market, but our customer-centric culture and growth have helped us branch out to become a leading all-inclusive commercial gaming supplier. Powered by high-performing Class II and Class III slot products, an expansive table products portfolio, highly rated social casino solutions for players and operators, and best-in-class service, we offer an unmatched value proposition for our casino partners. Learn more at www.playags.com.
©2022 PlayAGS, Inc. All Rights Reserved. All® notices signify marks registered in the United States. All ™ and ℠ notices signify unregistered trademarks.
This press release contains, and oral statements made from time to time by our representatives may contain, forward-looking statements based on management's current expectations and projections, which are intended to qualify for the safe harbor of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements identified by words such as "believe," "will," "may," "might," "likely," "expect," "anticipates," "intends," "plans," "seeks," "estimates," "believes," "continues," "projects" and similar references to future periods, or by the inclusion of forecasts or projections. All forward-looking statements are based on current expectations and projections of future events.
These forward-looking statements reflect the current views, models, and assumptions of AGS, and are subject to various risks and uncertainties that cannot be predicted or qualified and could cause actual results in AGS's performance to differ materially from those expressed or implied by such forward looking statements. These risks and uncertainties include, but are not limited to, the ability of AGS to maintain strategic alliances, unit placements or installations, grow revenue, garner new market share, secure new licenses in new jurisdictions, successfully develop or place proprietary product, comply with regulations, have its games approved by relevant jurisdictions and other factors set forth under the section entitled "Risk Factors" its annual report on Form 10-K filed with the Securities and Exchange Commission, as such factors may be updated from time to time in our periodic filings with the Securities and Exchange Commission. All forward-looking statements made herein are expressly qualified in their entirety by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. Readers are cautioned that all forward-looking statements speak only to the facts and circumstances present as of the date of this press release. AGS expressly disclaims any obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise.
Contact:
Brad Boyer, Senior Vice President Corporate Operations and Investor Relations
investors@PlayAGS.com
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SOURCE AGS | https://www.wibw.com/prnewswire/2022/07/19/ags-report-second-quarter-2022-results-tuesday-august-9-2022/ | 2022-07-19T13:39:04Z |
1/6 panel to hear Trump campaign manager, probe election lie
WASHINGTON (AP) - The House committee investigating the Jan. 6 riot is delving deeper into what it calls “the big lie,” Donald Trump’s false claims of voter fraud that fueled his relentless effort to overturn the 2020 election and led a mob of his supporters to lay siege to the U.S. Capitol.
The 1/6 panel resumes its hearings Monday with live witnesses, including Trump’s campaign manager, Bill Stepien, as committee members say they have uncovered enough evidence for the Justice Department to consider an unprecedented criminal indictment against the former president. Stepien was subpoenaed for his public testimony.
Chairman Rep. Bennie Thompson, D-Miss., and vice chair Rep. Liz Cheney, R-Wyo., are set to lead the morning hearing after last week’s blockbuster session drew nearly 20 million Americans to see its prime-time findings.
For the past year, the committee has been investigating the most violent attack on the Capitol since the War of 1812 to ensure such an assault never happens again. Its findings come as Trump is considering another run for the White House, and some warn that his effort to over turn Joe Biden’s election victory posed a grave threat to democracy.
Stepien, a longtime Trump ally, oversaw the “conversion” of Trump’s presidential campaign to a “Stop the Steal” effort, according to a subpoena issued by the committee last fall. He is likely to face questions about what those in Trump’s inner circle were telling the president about the election results. Stepien is now a top campaign adviser to the Trump-endorsed House candidate, Harriet Hageman, who is challenging Cheney in the Wyoming Republican primary election.
In addition to Stepien, the committee is also set to hear testimony from Chris Stirewalt, a former Fox News political editor closely involved in election night coverage who stood by the decision to declare Arizona as being won by Biden. He wrote about his experiences later in an op-ed and might be asked about Trump’s actions as Fox New declared states Biden won.
WARNING: Videos used may contain graphic content.
A second group of witnesses testifying Monday will be made up of election officials, investigators and experts who are likely to discuss Trump’s responses to the election, including dozens of failed court challenges, and how his actions diverged from U.S. norms.
Among them is the former U.S. attorney in Atlanta, BJay Pak, who abruptly resigned after Trump pressured Georgia state officials to overturn his presidential defeat. Trump wanted to fire Pak as disloyal, but Pak stepped down after Trump’s call urging Georgia Secretary of State Brad Raffensperger to “find” enough votes to overturn Biden’s win in the state became public.
The panel will also hear from former Philadelphia City Commissioner Al Schmidt, the only Republican on the election board and who faced down criticism as the state’s election was called for Biden; and noted Washington attorney and elections lawyer Benjamin Ginsberg.
As he mulls a White House run, Trump is decrying the investigation into his efforts to overturn Biden’s election a “witch hunt.” He said last week that Jan. 6 “represented the greatest movement in the history of our country.”
Nine people died in the riot and its aftermath, including a Trump supporter shot and killed by police. More than 800 people have been arrested in the siege, and members of two extremist groups have been indicted on rare sedition charges over their roles leading the charge into the Capitol.
In its prime-time hearing, the committee laid out how Trump was told over and over again by his trusted aides and officials at the highest levels of government that there was no election fraud on a scale that could have changed the outcome. But Trump pursued his false claims about the election and beckoned supporters to Washington on Jan. 6 to overturn Biden’s victory as Congress was set to certify the Electoral College results.
Additional evidence is set to be released in hearings this week focusing on Trump’s decision to ignore the outcome of the election and the court cases that ruled against him.
Monday’s hearing will also turn to the millions of dollars Trump’s team brought in fundraising in the run-up to Jan. 6, according to a committee aide who insisted on anonymity to discuss the details.
The committee has said most of those interviewed in the investigation are coming forward voluntarily, although some have wanted subpoenas to appear in public. It is unclear why Stepien was issued a subpoena. A Trump spokesman, Taylor Budowich, suggested that the committee’s decision to call Stepien was politically motivated.
Lawmakers indicated that perhaps their most important audience member over the course of the hearings may be Attorney General Merrick Garland, who must decide whether his department can and should prosecute Trump. They left no doubt as to their own view whether the evidence is sufficient to proceed.
Rep. Jamie Raskin, D-Md., said on CNN he doesn’t intend to “browbeat” Garland but noted the committee has already laid out in legal pleadings criminal statutes they believe Trump violated.
“I think that he knows, his staff knows, the U.S. attorneys know, what’s at stake here,” Raskin said.
No president or ex-president has ever been indicted. Garland has not specified whether he would be willing to prosecute, which would be complicated in a political election season in which Trump has openly flirted with the idea of running for president again.
___
Associated Press writer Jill Colvin in New York contributed to this report.
___
For full coverage of the Jan. 6 hearings, go to https://www.apnews.com/capitol-siege.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/06/13/16-panel-hear-trump-campaign-manager-probe-election-lie/ | 2022-06-13T10:52:02Z |
Leading Optical Retailer Offers New Family-friendly Deals to Help Parents and Kids get Ready for the 2022 School Year
PALM SPRINGS, Fla., July 19, 2022 /PRNewswire/ -- My Eyelab, leading retail brands of Now Optics offering accessible and affordable eye care and eyewear, is celebrating back-to-school season with new family-friendly deals and promotions. The full-service retail eye care center will offer promotions on prescription eyewear; top brand contact lenses; and kids' specials on Disney, DC and Marvel frames.
From July 24 to September 3, My Eyelab will be offering a pair of Free Kids Glasses including polycarbonate lenses with the purchase of any prescription glasses. Other offers include an Acuvue Oasys 6 Month Supply (two 12-Packs) and an eye exam for $125 or an Acuvue Oasys for Astigmatism 6 Month Supply (four 6-packs) and Eye Exam for $150. The brand is also offering a special deal to buy 3 pairs of Blue Blocker Glasses for $39 and is also offering 50% off lenses with the purchase of any Disney, DC or Marvel frames.
For this back-to-school shopping season, My Eyelab locations in the U.S are offering kids a wide assortment of fun, colorful and affordable eyewear products that fit every budget and style. This includes their line of color-changing frames called Color Rays. Kids can enjoy the novelty of having two looks for the price of one when they step outdoors in the sun and their frames change into a different color. Featuring popular colors like Sky Blue to Green, Pink to Purple, and Teal to Navy Blue, these frames are designed for kids ages 6-12 and qualify for the Buy One Get One Free promotion.
The brand will also offer popular character-themed frames with inspired designs from Disney and Marvel geared toward ages 4-10. For example, character-themed eyeglasses feature Frozen with blue snowflakes in the inside of the arms and Spiderman with a Spiderman detail at the outside of the arms. These frames qualify shoppers to receive 50% off lenses after purchasing a pair. The character-themed glasses will also include a complementary glow-in-the-dark, character-branded case and microfiber cloth for cleaning.
"We felt it was important to give value-added promotions to the communities My Eyelab serves during these difficult economic times," said Daniel Stanton, CEO of Now Optics, parent company of My Eyelab. "The aim of our back-to-school promotions is to help families take care of their eyecare needs in one convenient place, especially those that have multiple members that require a prescription. We want to ensure that every child is ready for the new school year which is why we are offering free kids' glasses with the purchase of any prescription glasses."
The launch of these new back-to-school deals and promotions falls right in line with Now Optics' mission to make eyecare easy and more accessible for all. For convenience, My Eyelab offers same day eye exams and walk-ins. They accept most insurance; offer Buy Now, Pay Later options; and even without insurance, eye exams are free with the purchase of eyeglasses.
For more information about the brands, and ongoing Back-to-School specials, visit www.myeyelab.com.
ABOUT NOW OPTICS:
Now Optics is a leader in the eye care industry. Its retail brands, My Eyelab and Stanton Optical, are among the nation's fastest growing, full-service retail eye care centers. The company continues to expand its retail footprint with over 250 corporate and franchise locations in 28 states while delivering affordable eye health and eyewear solutions. The company consistently ranks among the largest optical retailers in the country by Vision Monday and was ranked #3 on Entrepreneur's list of Top New Franchises in 2021. Visit myeyelab.com or stantonoptical.com for more information. Find details about franchise opportunities at myeyelabfranchise.com.
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SOURCE Now Optics | https://www.kxii.com/prnewswire/2022/07/19/my-eyelab-welcomes-back-to-school-season-with-eye-popping-promotions/ | 2022-07-19T16:45:36Z |
Employees Rate Trusted Leader in Drug Knowledge as a Best Place to Work
SOUTH SAN FRANCISCO, May 25, 2022 /PRNewswire/ -- FDB (First Databank, Inc.), the leading provider of drug knowledge that helps healthcare professionals make precise decisions, announced today it has been named a Top Workplace for 2022 in central Indiana by The Indianapolis Star Top Workplaces awards program. This is the seventh consecutive year the company has been recognized with the award.
FDB is one of just 109 companies and organizations of all sizes across a 23-county region in central Indiana selected by The Indianapolis Star as Top Workplaces for 2022. While headquartered in South San Francisco, Calif., FDB also has offices in Indianapolis, Ind., in addition to Durham, N.C., the United Kingdom, the United Arab Emirates and India.
The Indianapolis Star Top Workplaces list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage, LLC. The anonymous survey measures 15 employee engagement culture drivers that are critical to the success of any organization, including alignment, execution and connection. FDB, a Hearst Health company, has earned the loyalty of its workforce during its more than 40-year history through its commitment to quality, innovation and customer service, and to its core values of integrity, respect, responsibility, teamwork and creativity.
"In one of the most competitive job markets in history for employers, it is gratifying to see our team members rate our company's culture and values so highly," said FDB President Bob Katter. "Our employees are our biggest asset—they appreciate being part of a dedicated team, which includes highly credentialed clinicians and knowledge specialists who are working together to advance medication decision support to better equip clinicians with the data they need to help ensure medication safety and optimal outcomes for patients."
With FDB employees' depth of experience in pharmacy, clinical workflows, and in developing and integrating drug knowledge into healthcare information systems, the company is successfully evolving medication decision support to incorporate more unique and actionable patient-specific information, such as lab results, clinical risk scores, and genetic tests. FDB has also developed new powerful analytics tools to easily identify, monitor, and customize clinical decision support (CDS), ultimately helping to improve clinician user experiences and advance CDS impact.
In March 2022, the FDB team introduced a new electronic prescribing network, FDB Vela™, to enhance the seamless flow of critical medication prescription information, benefits verification, and clinical decision support between prescribers, payers, pharmacies, and other constituents.
"We balance a people-focused culture with a rewarding mission at FDB," Katter said. "Thanks to our employees, we continue to develop creative drug knowledge solutions to meet current and emerging needs."
Learn more about careers at FDB here.
About FDB
FDB (First Databank) creates and delivers the world's most powerful drug knowledge that ignites, inspires, and illuminates critical medication decisions. We collaborate with our partners to help improve patient safety, operational efficiency, and health outcomes. Our drug databases drive healthcare information systems that serve the majority of hospitals, physician practices, pharmacies, payers, and all other areas of healthcare and are used by millions of clinicians, business associates, and patients every day. For a complete look at FDB's solutions and services, please visit https://www.fdbhealth.com, or follow us on Twitter, LinkedIn and YouTube
About Hearst Health
The mission of Hearst Health is to help guide the most important care moments by delivering vital information into the hands of everyone who touches a person's health journey. Care guidance from Hearst Health reaches the majority of people in the U.S. The Hearst Health network includes FDB (First Databank), Zynx Health, MCG, Homecare Homebase and MHK. Hearst also holds a minority interest in the precision medicine and oncology analytics company M2Gen. Follow Hearst Health on Twitter @HearstHealth or LinkedIn @Hearst-Health.
Contact:
Tara Stultz
Amendola Communications for FDB
M: 440-225-9595
tstultz@acmarketingpr.com
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SOURCE First Databank | https://www.mysuncoast.com/prnewswire/2022/05/25/fdb-named-indianapolis-star-top-workplace-seventh-consecutive-year/ | 2022-05-25T14:40:57Z |
Mexico’s president imitates Trump in ‘art of the deal’
By MARK STEVENSON
Associated Press
MEXICO CITY (AP) — Former U.S. President Donald Trump cast himself as a master of “The Art of the Deal,” but his old buddy, Mexican President Andrés Manuel López Obrador, may be taking over that title. Last week, López Obrador pressured a U.S. gravel company into agreeing to operate a tourist resort and cruise ship dock at rock quarries it owns on the Caribbean coast. The Georgia-based aggregates company Vulcan Materials has no experience at doing either, but said this week it is willing to do so. López Obrador is using pressure and threats in a bid to get private and foreign companies to shore up his infrastructure plans and pet projects — state-run ports, terminals and rail lines that could become white elephants unless the private sector boosts them with real traffic. | https://localnews8.com/news/ap-national-business/2022/04/26/mexicos-president-imitates-trump-in-art-of-the-deal/ | 2022-04-27T05:38:42Z |
Barcelona ends losing run, champion Madrid preps for City
By JOSEPH WILSON
Associated Press
BARCELONA, Spain (AP) — Real Madrid’s players went back to training after celebrating the club’s latest Spanish league title and Barcelona had a peace offering for fans by ending an embarrassing losing streak at Camp Nou. Goals from Memphis Depay and Sergio Busquets in each half were enough to beat Mallorca 2-1 and move Barcelona back ahead of Sevilla into second place. It opened up a nine-point gap over fifth-place Real Betis in the fight for a top-four finish and a lucrative Champions League berth. Madrid paraded the league trophy for fans Saturday after clinching the title. On Sunday it was back to practice to prepare for Wednesday’s visit by Manchester City in their Champions League semifinal decider. City won the first leg 4-3. | https://localnews8.com/sports/ap-national-sports/2022/05/01/barcelona-ends-losing-run-champion-madrid-preps-for-city/ | 2022-05-02T02:22:19Z |
SANTA MONICA, Calif., Aug. 3, 2022 /PRNewswire/ -- TrueCar, Inc., (NASDAQ:TRUE), the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, today announced that President and Chief Executive Officer, Mike Darrow, will participate in a fireside chat at the 2022 J.P. Morgan Auto Conference on August 10, 2022.
2022 J.P. Morgan Auto Conference Presentation Details
About TrueCar
TrueCar is a leading automotive digital marketplace that lets auto buyers and sellers connect to our nationwide network of Certified Dealers. With access to an expansive inventory provided by our Certified Dealers, we are building the industry's most personalized and efficient auto shopping experience as we seek to bring more of the process online. Consumers who visit our marketplace will find a suite of vehicle discovery tools, price ratings and market context on new, used and Certified Pre-Owned vehicles. When they are ready, shoppers in TrueCar's marketplace can connect with a Certified Dealer in our network, who shares our belief that truth, transparency and fairness are the foundation of a great auto shopping experience. As part of our marketplace, TrueCar powers auto-buying programs for over 250 leading brands, including AARP, Sam's Club, Navy Federal Credit Union and American Express.
For more information, please visit www.truecar.com, and follow us on LinkedIn, Facebook or Twitter. TrueCar media email: pr@truecar.com
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SOURCE TrueCar.com | https://www.wibw.com/prnewswire/2022/08/03/truecar-participate-upcoming-investor-conference/ | 2022-08-03T14:29:36Z |
DALLAS (KDAF) — The city of Dallas is joining Texas and the nation in showing their support for victims of the Uvalde shooting.
Tuesday night at 10:52 p.m., Dallas Mayor Eric Johnson tweeted, “I have asked our city manager to ensure our city flags are flown at half-staff — like they will be at federal and state sites — to commemorate the victims of the massacre at Robb Elementary School. Dallas grieves with our fellow Texans in Uvalde.”
At the time of writing this article, 19 students and two teachers were confirmed to have been killed in a shooting at Robb Elementary School in Uvalde, Texas.
READ: Uvalde native Matthew McConaughey says ‘we are failing’ after school shooting in hometown
The 18-year-old shooting suspect was reported to have been killed at the scene of the shooting. | https://cw33.com/news/local/dallas-city-flags-at-half-staff-to-honor-victims-of-uvalde-shooting/ | 2022-05-25T18:27:38Z |
WASHINGTON (AP) — President Joe Biden welcomed a crowd to the White House lawn Monday to showcase a new law meant to reduce gun violence, celebrating “real progress” after years of inaction. But he also lamented the country remains “awash in weapons of war” — with the 16-day-old law already overshadowed by yet another horrific mass shooting.
The bill, passed after recent gun rampages in Buffalo, New York, and Uvalde, Texas, incrementally toughens requirements for young people buying guns, denies firearms to more domestic abusers and helps local authorities temporarily take weapons from people judged to be dangerous.
But the “celebration” Monday morning came a week after a gunman in Highland Park, Illinois, killed seven people at an Independence Day parade, a stark reminder of the limitations of the new law in addressing the American phenomenon of mass gun violence. And it comes as Democratic governors have taken up the mantle of offering outrage in the face of gun violence.
Biden hosted hundreds of guests on the South Lawn, including a bipartisan group of lawmakers who crafted and supported the legislation, state and local officials — including Illinois Gov. J.B. Pritzker and Highland Park Mayor Nancy Rotering — and the families of victims of both mass shootings and everyday gun violence.
“Because of your work, your advocacy, your courage, lives will be saved today and tomorrow because of this,” Biden said.
“We will not save every life from the epidemic of gun violence,” he added, “But if this law had been in place years ago, even this last year, lives would have been saved.”
Still, Biden said, “we’re living in a country awash in weapons of war.” He repeated his call on Congress to pass a federal ban on assault weapons and high capacity ammunition magazines — or at minimum to require more stringent background checks and training before purchases.
He also said Congress should pass legislation to hold gun owners legally accountable if their weapons are improperly stored and are used to commit violence. He noted that he owns four shotguns and said he keeps them secured at his home.
“We can’t just stand by,” Biden said. ” With rights come responsibilities. If you own a weapon, you have a responsibility to secure it and keep it under lock and key.”
Biden on Saturday invited Americans to share with him via text — a new White House communications strategy — their stories of how they’ve been affected by gun violence, tweeting that “I’m hosting a celebration of the passage of the Safer Communities Act.” He told some of their stories on Monday — of people traumatized by shootings and kids left orphaned.
The new law is the the most impactful firearms-violence measure Congress has approved since enacting a now-expired assault weapons ban in 1993. Yet gun control advocates — and even White House officials — say it’s premature to declare victory.
“There’s simply not much to celebrate here,” said Igor Volsky, director of the private group Guns Down America.
“It’s historic, but it’s also the very bare minimum of what Congress should do,” Volsky said. “And as we were reminded by the shooting on July 4, and there’s so many other gun deaths that have occurred since then, the crisis of of gun violence is just far more urgent.”
Volsky’s group, along with other advocacy groups, was holding a news conference on Monday outside the White House calling on Biden to create an office at the White House to address gun violence with a greater sense of urgency.
Biden has left gun control policy to his Domestic Policy Council, rather than establishing a dedicated office like the one he opened to address climate change or the gender policy council he started to promote reproductive health access.
“We have a president who really hasn’t met the moment, who has chosen to act as a bystander on this issue,” Volsky said. “For some reason the administration absolutely refuses to have a senior official who can drive this issue across government.”
During his remarks Monday, Biden was heckled by Manuel Oliver, whose son Joaquin was killed at Marjory Stoneman Douglas High School in Parkland, Florida. Biden briefly paused his speech and asked Oliver, who was shouting, to sit down, before adding “Let him talk, let him talk,” as he was escorted out of the event.
The president signed the bipartisan gun bill into law on June 25, calling it “a historic achievement” at the time.
On Monday, Biden said the law’s passage should be a call for further action.
“Will we match thoughts and prayers with action?” Biden asked. “I say yes. And that’s what we’re doing here today.”
On Friday, Biden responded to the assassination of former Japanese Prime Minister Shinzo Abe by taking note of how the shooting had shocked people in Japan. The country has a strikingly low incidence of gun violence compared to the U.S., which has experienced thousands of gun deaths already this year.
Most of the new law’s $13 billion in spending would be used for bolstering mental health programs and for schools, which have been targeted by shooters in Newtown, Connecticut, and Parkland. The law was the product of weeks of closed-door negotiations by a bipartisan group of senators who emerged with a compromise.
It does not include far tougher restrictions that Democrats and Biden have long championed, such as a ban on assault-type weapons and background checks for all gun transactions. Prospects are slim for any further congressional action this year. | https://cw33.com/news/nexstar-media-wire/biden-celebration-of-new-gun-law-clouded-by-latest-shooting/ | 2022-07-11T22:10:11Z |
PHOENIX (AP) — An Arizona prisoner made a last-minute request to the U.S. Supreme Court to delay his execution scheduled Wednesday for his murder conviction in the 1984 killing of an 8-year-old girl.
Frank Atwood made the request Tuesday after a lower court rejected his arguments that the execution should be called off because his degenerative spinal condition would make it excruciatingly painful for him to be strapped on his back to the gurney he will lie on during the lethal injection.
Atwood’s attorneys also told the Supreme Court in court filings that the aggravating factor that made his crime eligible for the death penalty was invalidly applied. He was convicted in 1975 in California for lewd and lascivious conduct with a child under 14 and convicted of killing Vicki Hoskinson in 1987.
Atwood is scheduled to be lethally injected with pentobarbital Wednesday at the state prison in Florence, Arizona, for his conviction in the girl’s killing.
The execution would be Arizona’s second in less than a month, following an eight-year hiatus attributed to both on the difficulty of obtaining needed lethal injection drugs and criticism that a 2014 execution was botched.
Death penalty opponents worry that Arizona will now start executing a steady stream of prisoners who have languished on death row, but state officials didn’t immediately respond to a request for comment on their future execution schedule and no more are currently scheduled. Arizona has 112 prisoners on death row, including Atwood.
Earlier on Tuesday, the 9th U.S. Circuit Court of Appeals rejected a request to delay Atwood’s execution.
In addition to arguing that Atwood would suffer while strapped to the gurney, his lawyers questioned whether the state had met a requirement that the lethal injection drug’s expiration date falls after the execution date.
And even though he didn’t pick lethal gas as his execution method, his lawyers still challenged the state’s procedures protocol for gas chamber executions.
The appeals court in its ruling said it was deferring to a lower-court judge who concluded that accommodations made by the state — allowing a pillow and tilting feature on the gurney to be used to prop up Atwood to alleviate his pain — prevented a ruling that the lethal injection protocol creates a risk of severe pain.
The appeals court also concluded Atwood lacks legal standing to challenge the lethal gas protocol because he will be executed by lethal injection.
Prosecutors have said Atwood is trying to indefinitely postpone his execution through legal maneuvers.
Atwood’s lawyers said would suffer for an extended amount of time even before the lethal drug is injected.
In a statement, Atwood attorney Joseph Perkovich said the lethal injection procedure will “intentionally inflict extreme pain for what will likely be an hour before, in the best-case scenario, he succumbs to the execution chemicals.”
Authorities have said Atwood kidnapped Hoskinson, whose remains were discovered in the desert northwest of Tucson nearly seven months after her disappearance. Experts could not determine the cause of death from the remains, according to court records.
Atwood maintains that he is innocent.
Last month, Atwood declined to choose between lethal injection or the gas chamber, leaving him to be put to death by lethal injection, the state’s default execution method.
Even though he didn’t pick the gas chamber, Atwood challenged Arizona’s lethal gas procedures.
His lawyers said Atwood has a right to choose between methods of execution that are constitutional and suggested that the state switch its lethal gas from hydrogen cyanide gas to nitrogen gas because nitrogen would produce painless deaths. Arizona prosecutors say nitrogen executions are “untried and untested.”
Atwood’s attorneys said the state’s lethal gas protocol calling for the use of hydrogen cyanide gas — which was used in some past U.S. executions and by Nazis to kill 865,000 Jews at the Auschwitz concentration camp alone — is unconstitutional and would produce agonizing levels of pain in executions.
Arizona, California, Missouri and Wyoming are the only states with decades-old lethal-gas execution laws still on the books. Arizona, which carried out the last gas chamber execution in the United States more than two decades ago, is the only state with a working gas chamber.
In recent years, Oklahoma, Mississippi and Alabama have passed laws allowing executions with nitrogen gas, at least in some circumstances, though experts say it’s never been done and no state has established a protocol that would allow it.
On May 11, Arizona executed Clarence Dixon for his murder conviction in the 1978 killing of Deana Bowdoin, a 21-year-old Arizona State University student.
It was the first execution carried out in the state since the July 2014 execution of Joseph Wood, who was given 15 doses of a two-drug combination over nearly two hours.
Wood snorted repeatedly and gasped before he died. His attorney said the execution had been botched. | https://cw33.com/news/u-s-news/ap-us-headlines/arizona-prisoner-asks-supreme-court-to-delay-his-execution/ | 2022-06-08T17:33:01Z |
LAKEWOOD, Colo., May 26, 2022 /PRNewswire/ -- The Natural Grocers® Cycling Team (with the support of their title sponsor, Natural Grocers by Vitamin Cottage, Inc.) is proud to support women's bike racing at the 2022 edition of the Jesse Blancarte Memorial 10k Time Trial on May 29th, 2022, near Gardner, Kansas.
This longtime Kansas City area tradition is a USA Cycling-sanctioned event sponsored by the Blue River Bicycle Club. The event began in the 1990's with a course on the 210 highway along the Missouri River, in Kansas City's Northland. The race was renamed in Blancarte's memory after his death in 2002 and eventually moved to the current location at the New Century Air Center.
A time trial is a unique discipline in the cycling world. Riders start one minute apart on a designated course and race against the clock in a variety of USA Cycling specified categories based on skill, age, aero or non-aero equipment and gender. While the event regularly attracts the area's top cycling talent, it also boasts a beginner and youth-friendly atmosphere. Time trials are especially attractive to those who wish to compete but are not as comfortable in a large rider pack found in events like road races and criteriums.
The Blue River Bicycle Club (under directeur sportif Kevin Kramer) continues their partnership with sponsors Elite Cycling KC and Shawnee Mission Audi. Joining the sponsorship team this year is Natural Grocers organic grocery stores providing a grant for low cost racing opportunities for women. The grant was provided directly to the promoter to subsidize women's entry fees (bringing the cost down from $25 to $10).
Dan Messina, Kansas Team Captain for the Natural Grocers Cycling Team elaborates on the grant, "Women riding and racing bikes is something the Natural Grocers Cycling Team feels very strongly about. In the not too distant past, women and bikes changed the world. When reading about women's cycling pioneers (both past and present), you can't help but heed the call to increase women's representation in cycling. Unfortunately, like many sports, there is still a wide disparity between men's and women's participation numbers. We decided we wanted to do something about it. We've partnered with several Kansas race promoters to subsidize women's entry fees hoping it might entice local women to race, maybe for the first time. We've been doing this in Kansas for the past four years — in addition to supporting an annual women's-only gravel clinic. Come cheer on the racers this Sunday —the first rider is off at 9 AM. Or better yet, join in the fun by signing up to race. We hope to see you there!"
Spectators and participants can look for the Natural Grocers' branded feather flag to find the cycling team at their signature purple tent. The team will have fresh fruit to sample[I] — provided by the Natural Grocers Overland Park store, additional team sponsor samples to share, plus unlimited high-fives.
- To register for Sunday's event, please visit: https://www.bikereg.com/blancarte.
- To learn more about the Natural Grocers cycling team please visit: https://naturalgrocerscyclingteam.com/
Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) is an expanding specialty retailer of natural and organic groceries, body care products, and dietary supplements. The products sold by Natural Grocers must meet strict quality guidelines and may not contain artificial colors, flavors, preservatives or sweeteners, or partially hydrogenated or hydrogenated oils. The Company sells only USDA-certified organic produce and exclusively pasture-raised, non-confinement dairy products, and free-range eggs. Natural Grocers' flexible smaller-store format allows it to offer affordable prices in a shopper-friendly, clean, and convenient retail environment. The Company also provides extensive free science-based Nutrition Education programs to help customers make informed health and nutrition choices. The Company, founded in 1955, has 162 stores in 20 states. Visit www.NaturalGrocers.com for more information and store locations.
The Natural Grocers Cycling Team has been a living, pedaling extension of the Company's founding principles since 1987. The squad has a broad range of riders, encompassing all disciplines of cycling. With almost 100 members, you'll spot this team on the trails, the roads, volunteering at events and of course at Natural Grocers stores all around the country to support healthy living on and off the bike. The accomplished, yet welcoming team invites cyclists to join them for local club rides throughout Colorado, Arizona and Kansas City.
[I] Quantity limited to stock on hand. We reserve the right to correct errors. Void where prohibited by law.
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SOURCE Natural Grocers by Vitamin Cottage, Inc. | https://www.kxii.com/prnewswire/2022/05/26/natural-grocers-grant-subsidizes-womens-entry-fees-upcoming-jesse-blancarte-time-trial-gardner-ks/ | 2022-05-26T11:14:24Z |
Missouri family’s international adoption nightmare moves forward in court
PIKE COUNTY, Mo. (KMOV) -- A Missouri family trying to adopt a little boy in what’s become an international adoption nightmare is suing the federal government and seeing their case get traction in court.
Adam and Jill Trower’s struggle to adopt now 4-year-old Luke from the Democratic Republic of Congo (DRC) has been going on for years.
The Pike County family started working with an international adoption agency, and in 2018 they were connected with Luke. At the time, Luke was a couple of months old, the Trowers SAID he was found abandoned in a trash pile on a busy road.
“We have tried to do everything correct and it doesn’t matter,” Jill Trower cried.
The Trowers claim the U.S. government wrongly blocked Luke’s adoption. A recent News 4 Investigation looked at how the Trowers are suing the U.S. Department of State, the U.S. Department of Homeland Security along with an agency under them, and the U.S. embassy in the DRC. The Trowers told News 4 what happened during their adoption process doesn’t add up.
In November 2018 the U.S. Department of Homeland Security approved the Trowers to adopt, specifically from the DRC. Then in May 2019, the DRC approved Luke’s adoption. The last step was getting Luke a visa from the U.S. That process requires the U.S. Department of State to conduct an investigation, which, according to its own policy, is supposed to take six months.
Instead, the Trowers waited two-and-a-half years only to learn Luke’s adoption was “denied.” In a denial letter, the U.S. Department of State provided two reasons: they didn’t believe the adoption met DRC law and they believed Luke may not be an orphan.
“We just want to know why, what did this child do to deserve this kind of treatment?” questioned Adam Trower.
The family’s case has gotten the attention of U.S. Sen. Josh Hawley (R-Missouri) who is also demanding answers.
“It is from my point of view unconscionable what the federal government has done and is still doing to this family,” he said.
Hawley has been looking into the Trower’s case for more than a year, he claims what he’s learning doesn’t make sense.
“I have asked department officials under oath about why suddenly they’re holding this up, about what the problem is, and we cannot get answers they have stonewalled us at every turn,” Hawley explained.
Hawley sent multiple letters to officials at the U.S. Department of Homeland Security and the U.S. Department of State and even used his congressional powers to question department heads under oath.
“We have people telling me under oath that they don’t really know what the status is. How is it possible? How can you not know when you previously approved it? Frankly, I don’t believe any of it,” Hawley added.
The U.S. Department of State told News 4 Investigates it can’t comment on any pending legal cases. It sent the following statement:
“Overseeing intercountry adoptions is one of the Department’s highest priorities. We are committed to ensuring that intercountry adoption remains a viable option for children in need of permanency throughout the world, in accordance with U.S. law and our international legal obligations.”
The U.S. Department of Homeland Security hasn’t responded to multiple requests for an interview.
The Trowers hope to get answers in court where their lawsuit is moving forward. Recently the judge ordered the federal government to turn over more records, writing in an order that he had “substantial concerns” that several key documents weren’t released.
“It’s almost like they’re hiding the ball and we don’t know why,” said David Gearhart, an attorney at Lewis and Rice who is representing the Trowers.
Gearhart said currently the judge is weighing whether Luke’s adoption meets DRC law. In 2016 the DRC banned international adoptions but continued to okay them and so did the U.S. News 4 Investigates searched through U.S. Department of State visa records and found the U.S. cleared at least 46 kids to go to their new homes, all after the 2016 DRC law change.
“They’re [the Trowers] seeing other families get visas and bring kids homes and their Facebook postings and social media postings and our government was either horribly negligent, which again is scary because they’re supposed to be our eyes and ears on the ground, or they really didn’t think that DRC prohibits adoptions,” Gearhart added.
Gearhart explained they’re still waiting on the federal government to produce the records as ordered by the court.
The judge gave both sides until mid-September to refile their arguments.
The Trowers hope that means they’ll have a decision before the end of the year, knowing Luke is only getting older and continuing to grow up without a family.
“At some point, everyone has to realize there’s got to be a better way to do this,” Adam Trower said.
Copyright 2022 KMOV. All rights reserved. | https://www.wibw.com/2022/07/25/missouri-familys-international-adoption-nightmare-moves-forward-court/ | 2022-07-26T13:06:26Z |
New Kansas attorneys to be sworn in on Friday in Capital City
TOPEKA, Kan. (WIBW) - New attorneys able to practice law in Kansas will be sworn in on Friday in the Capital City.
Kansas Courts says those who have successfully passed the Kansa bar examination will be sworn in as attorneys in the Sunflower State in an in-person ceremony at 9:30 a.m. on Friday, April 29, in the Supreme Court courtroom in the Kansas Judicial Center, 301 SW 10th Ave. in Topeka.
The Court said new attorneys will have the choice to be sworn in on Friday at the in-person ceremony, or at another time by a state or federal judge.
The Court noted that Chief Justice Marla Luckert will swear the new attorneys in. District Judge Toby Crouse of the U.S. District Court of the District of Kansas will administer the federal oath to those who wish to be admitted to the federal courts.
New attorneys to be sworn in are as follows:
- Lindell Crowe, Arkansas City - Cowley Co.
- Matthew Bonner, Frontenac - Crawford Co.
- James McSweyn, Lawrence - Douglas Co.
- Crystal Moe, Lawrence - Douglas Co.
- Braxton Moral, Ulysses - Grant Co.
- David Iacobelli, Lenexa - Johnson Co.
- Ashley Reece, Olathe - Johnson Co.
- Meghan Gulvas, Overland Park - Johnson Co.
- Susan Juhl, Overland Park - Johnson Co.
- Brandon MacDonald, Overland Park - Johnson Co.
- Sebastian Randolph, Overland Park - Johnson Co.
- Jameson O’Connor, Prairie Village - Johnson Co.
- Jamie Sheik, Manhattan - Riley Co.
- Ima-Fabiola Odeyemi, Wichita - Sedgwick Co.
- Erica Ramstald-Whitsell, Wichita - Sedgwick Co.
- Jessica Timm, Wichita - Sedgwick Co.
- Samuel Walenz, Wichita - Sedgwick Co.
- Jordan Cooper, Topeka - Shawnee Co.
- Tymber Long, Topeka - Shawnee Co.
- Marisol Rio-Duarte, Topeka - Shawnee Co.
- Daniel Sloan, Topeka - Shawnee Co.
- Carolyn Smith, Topeka - Shawnee Co.
- Victoria Toothaker, Topeka - Shawnee Co.
- Alexandra Irwin, Kansas City - Wyandotte Co.
- Rebecca Aumann-Dix, Chicago, Illinois
- Virginia Davis, Kansas City, Missouri
- Belen Meyers, Kansas City, Missouri
- Bradley Taylor, Kansas City, Missouri
- Edwin Sullivan, Osage Beach, Missouri
- Arati Moses, Texas
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/04/27/new-kansas-attorneys-be-sworn-friday-capital-city/ | 2022-04-27T20:49:48Z |
WASHINGTON, May 16, 2022 /PRNewswire/ - According to the new 'WhistleBlower Security US Report' released today, 41 per cent or 64 million working Americans are aware of wrongdoing committed at their place of work and of those, 78 per cent say they are likely to blow the whistle. The top three types of organizational wrongdoing witness by employees are discrimination (38 per cent), health and safety violations (38 per cent), and sexual harassment (36 per cent). The March 2022 research findings were released by WhistleBlower Security Inc. at the 17th annual Compliance Week conference in Washington, D.C. WhistleBlower Security Inc. is a global provider of ethics reporting services and the research was conducted on the Angus Reid Forum with 1,012 employed Americans.
"It seems like Americans are done tolerating workplace wrongdoing with 92 per cent saying employees should speak up if they witness it," says Shannon Walker, Founder and President, WhistleBlower Security Inc. The 'WhistleBlower Security US Report' found employees are most likely to report wrongdoing if it affects their colleagues (93 per cent), followed by customers (90 per cent), the leadership team (88 per cent) and the environment (85 per cent).
"Following multiple high-profile whistleblowing events in business, sport and politics, American employees seem especially skeptical these days," adds Walker. "In the 'WhistleBlower Security US Report' we found that 89 per cent of American employees believe their employers use unethical or illegal practices that only employees know about and as such, almost all working Americans (94 per cent) say employers should put safeguards in place to protect employees. If they don't, a full third (32 per cent) believe the organization 'probably has something to hide'." As well, if a whistleblower hotline is not available to employees, nearly half (46 per cent) will make their concerns public by sharing them with friends/family (21 per cent), industry officials (14 per cent), lawyers (9 per cent), media (5 per cent), and social media (5 per cent).
The 'WhistleBlower Security US Report' also examined the beliefs of 18- to 34-year-old employees and according to Walker, they "see more, fear more and tell more" as compared to their older colleagues. The younger set sees more wrongdoing, especially when working from home during Covid, has greater fears of retaliation if they blow the whistle and on average tells twice as many people about their workplace concerns and are three times more likely to share them on social media.
About the Research
From March 21 to March 25, 2022, an online survey was conducted by WhistleBlower Security with a representative sample of 1,012 Americans employed at organizations with more than 250 employees. The survey was conducted among members of the Angus Reid Forum. The margin of error is +/- 3.1 percentage points, 19 times out of 20.
About WhistleBlower Security Inc.
WhistleBlower Security Inc. is a global, B Corp Certified provider of ethics reporting services, including a 24/7/365 Global Ethics Hotline and Case Management platform which provide organizations with an efficient and trustworthy ethics reporting process. Visit https://www.whistleblowersecurity.com/ for more information.
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SOURCE WhistleBlower Security | https://www.mysuncoast.com/prnewswire/2022/05/16/almost-half-americans-witness-wrongdoing-workplace-most-plan-blow-whistle-new-research-finds/ | 2022-05-16T12:44:23Z |
"Hustle culture" is over: The New American Workforce, led by Millennials and Gen Z, is demanding balance, meaning, and a life well-lived right now (vs. waiting for retirement).
EL SEGUNDO, Calif., June 21, 2022 /PRNewswire/ -- Financial Finesse, the leading independent provider of omnichannel workplace financial wellness coaching benefits, today released its 2021 Financial Wellness Year in Review which digs into changing views about financial wellness and traditional retirement planning set off by the pandemic, WFH, higher prices, rising interest rates, and other factors.
"We're experiencing a workplace revolution. Emboldened employees are demanding more from employers. They want flexible, wellness-conscious workplaces that support them as whole people, including their mental, physical, and financial health, and they are willing to change jobs for the right culture and benefits," said Financial Finesse Founder and CEO, Liz Davidson. "A recent study found that more than half of jobseekers now consider health and wellness benefits a "must-have" before accepting a new role – up 100% since the start of the pandemic.1 Another found that 86% of employees said financial well-being benefits impact their desire to stay with their employer.2"
"Over the last ten years, much of the focus in the financial wellness space has been on retirement preparedness but employee views are changing. A recent survey found that 84% of employees are more focused on becoming financially independent than on achieving a traditional retirement3," says Greg Ward, CFP® and Director of the Financial Finesse Financial Wellness Think Tank™. "These incongruous macro trends led us to investigate changes in employee behaviors and concerns over the last three years [2019-2021]."
A bellwether for what's to come, the analysis revealed incremental but telling shifts in financial wellness priorities and actions: away from retirement and toward more immediate financial concerns:
- Younger employees are stressed: Among Millennial and Gen Z employees, 81% are experiencing some level of financial stress and 40% are uncomfortable with their debt.
- Employees prioritized financial resilience: The percentage of financially resilient workers (defined as having a handle on cash flow, being comfortable with debt, paying credit card balances in full, and maintaining an emergency fund) improved from 34% in 2019 to 40% in 2021.
- Improved resilience came at a price: While overall Financial Wellness Scores held steady at 5.3 (on a 10.0-point scale), improvements in Cash Flow and Debt Management (immediate concerns) were offset by declines in Retirement, Insurance, and Estate Planning (future concerns).
- Focus on retirement cooled: Among employees who completed a financial wellness assessment for the first time, a proxy for Americans overall, the percentage contributing to their workplace retirement plan dropped by 8%. The percentage "concerned about retirement planning" dropped by 6%.
"For employers looking to attract and retain talent, through The Great Resignation and beyond, offering in-demand financial wellness coaching benefits is often the solution hiding in plain sight," continued Davidson. "Once a nice-to-have, a quality benefit that provides every single employee with unlimited access to digital and human-based financial coaching and that has been proven to reduce financial stress and increase financial resiliency is now a must for competitive employers. Financial wellness coaching benefits are a strong differentiator and, for many employees, a life-changer."
"For employers already offering our digital and human-based financial coaching, the results have been extraordinary," adds Ward. "As expected, the more channels employees engage with, the better the outcomes. Among employees who have engaged online, participated in group learning, and worked with a Financial Coach, we've seen a 36% increase in workers who are financially resilient – a huge win for both employers and employees." In addition to program results like this one, the report offers employers an analysis of emerging trends and actionable recommendations to better support employees.
For more information:
Download the full "2021 Financial Wellness Year in Review" here.
Download a Q&A on the Year in Review with Financial Finesse founder and CEO, Liz Davidson, here.
View a short Financial Finesse brand video here.
Financial Finesse is the country's leading independent provider of unbiased workplace financial wellness coaching benefits. Since 1999, the firm has helped over 10,000 organizations improve their bottom lines and become more competitive by empowering their employees to achieve financial security. The company's award-winning digital and human-based financial coaching is made available to employees at no cost as an employer-sponsored benefit. With highly personalized and ongoing one-on-one coaching from CFP® professionals via phone and live chat, AI-powered virtual coaching, live workshops, webcasts, educational tools, and content, Financial Finesse reaches over 2.4 million individuals every year. www.financialfinesse.com
1Metlife. 2022. "The Rise of The Whole Employee". 2SoFi. 2022. "The Future of Workplace Financial Well-Being". 3Franklintempelton.com. 2021. "Voice of The American Worker Survey".
Contact: Maggie Weinberg, Financial Finesse
Email: maggie.weinberg@financialfinesse.com
Cell: 917.370.2220
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SOURCE Financial Finesse | https://www.wibw.com/prnewswire/2022/06/21/financial-finesse-releases-report-illuminating-new-american-workforces-shifting-priorities-expectations-how-employers-must-adapt/ | 2022-06-21T13:38:30Z |
This program is supported by the California Department of Public Health, Office of Binational Border Health, and the COVID-19 Testing Taskforce.
SAN DIEGO, May 4, 2022 /PRNewswire/ -- A collaboration between the Ventanilla de Salud program of the General Consulate of Mexico in San Diego, the State of California, and the U.S.-Mexico Border Philanthropy Partnership (BPP) has begun providing free COVID-19 rapid testing to California-bound travelers, two years and older, at the Cross Border Xpress (CBX) facilities in San Diego, California.
"This partnership among the Ventanilla de Salud of the General Consulate of Mexico in San Diego, the State of California, and the U.S.-Mexico Border Philanthropy Partnership will continue to serve the unique community of U.S. and Mexican nationals who travel regularly in our binational border region," said Andy Carey, Executive Director of the BPP.
"I congratulate the Border Philanthropy Partnership, an ally of the Consulate in the Ventanilla de Salud program that operates daily at our offices, for having been selected to provide rapid tests at CBX," said Ambassador Carlos González Gutiérrez, Consul General of Mexico in San Diego. "It is testament to their professionalism and commitment to our communities."
Funded by the California Department of Public Health, the initiative is supported by the California Office of Binational Border Health and the California COVID-19 Testing Task Force. The program will allow these agencies to track and monitor COVID-19 results, detect COVID-19 variants, and provide free in-home COVID-19 tests and educational materials to travelers entering California at the CBX international hub.
CBX operates a 390-foot enclosed bridge that connects its San Diego terminal with Tijuana's Abelardo L. Rodríguez International Airport, making traveling between the U.S. and Mexico convenient and fast. Staffed by bilingual outreach workers, this is the first on-site COVID-19 testing program serving the thousands of passengers who arrive at the Tijuana Airport and cross into California daily using CBX.
"We are glad to collaborate with the Ventanilla de Salud, the State of California, and the U.S.-Mexico Border Philanthropy Partnership to promote the safe recovery of tourism through our facilities for the benefit of the communities that we serve and all of our passengers," said Jorge Goytortúa, CEO of CBX.
About the BPP
The BPP is a binational membership organization whose mission is to support a network of organizations that build prosperity through leadership, collaboration, and philanthropy in the U.S.-Mexico Border region. For more information about the BPP, please visit www.borderpartnership.org.
About the Ventanilla de Salud
The Ventanilla de Salud is a program of the Government of Mexico developed by the Department of Health and the Ministry of Foreign Affairs and implemented through the Mexican consulate network in the United States and local partner organizations. The Ventanilla provides reliable information on health topics, counseling, and referrals to available and accessible health services.
Media Contact: Susy Villegas
svprcommunications@gmail.com
619-947-5742
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SOURCE U.S.-Mexico Border Philanthropy Partnership | https://www.mysuncoast.com/prnewswire/2022/05/04/us-mexico-border-philanthropy-partnership-ventanilla-de-salud-consulate-general-mexico-san-diego-begin-free-covid-19-rapid-testing-cross-border-xpress/ | 2022-05-04T20:20:02Z |
LOS ANGELES, Aug. 16, 2022 /PRNewswire/ -- Having just come off an incredible, award-winning run for her starring performance in the dramatic short film Apart, Together, actress, singer & lyricist, Shavvon Lin, has announced her new single "Enough for Love" will be released on September 9th, with her full EP soon following.
Reminiscent of '90s R&B, Lin's sensual and melodic vocals soar over a tranquil beat as she tackles lyrics pertaining to relationship insecurities.
Hardly a novice to the music scene, Lin lent her vocal talents for a handful of songs featured in China's hit TV series, First Half of My Life, and furthered her musical efforts on a collaboration with rap group Straight Fire Gang for the song, "24 Years". As a solo artist, Lin's first official release was her 2020 single, "Love Me Later," an explosive future bass anthem that showcased a promising taste of what was to come from Shavvon Lin as a pop artist. The song was part one of an additional upcoming EDM trilogy EP releasing later this year.
Although music is currently taking a front seat, the talented Asian beauty is equally as passionate about her acting career. In 2021, Lin won eight Best Actress awards at prestigious film festivals across the globe for her poignant and nuanced performance in Apart, Together. This included the Independent Shorts Awards, the London Independent Film Awards, and the New York Indie Shorts Awards.
Tackling the complex topic of China's controversial one-child policy, Apart, Together finds Lin playing the lead role of Yiru, a Chinese teenager who travels to America in search of her long lost sister.
Born in Guangzhou, China, Shavvon Lin moved to Los Angeles at the age of 18 to study film and communications at UCLA. She made her film debut in the independent short, False Awakening (2014), and later went on to star in A Better World (2015), Alibi (2016), and Good Night Butterfly (2017).
Apart from a thriving acting and singing career, Lin enjoys writing and is the co-editor and translator of the book series, New Wave of Acting.
Be sure to watch Shavvon Lin's acting reel.
To interview Shavvon Lin, contact Eileen Koch of EKC PR, a full-service Branding, Marketing and Public Relations firm at 310-441-1000 or eileen@ekcpr.com.
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SOURCE Shavvon Lin | https://www.wibw.com/prnewswire/2022/08/16/award-winning-actress-amp-singer-shavvon-lin-set-release-brand-new-single-enough-love-september-9-2022/ | 2022-08-16T19:19:27Z |
News from Syngenta in North America
Practice proactive management to protect your orchards from Phytophthora root rot.
GREENSBORO, N.C., Aug. 22, 2022 /PRNewswire/ -- Proactively protecting tree nut orchards from soilborne diseases like Phytophthora root rot is essential for long-term productivity in commercial stands. Damage from the disease starts underground, causing tree health to silently decline over time. This damage can easily go unnoticed when walking orchards day in and day out; but once above ground symptoms of the disease are visible, it may be too late.
Combatting Phytophthora is grounded in preventive management and a strong root system that can handle the pressure of disease. Overall tree health, stemming from healthy roots, is critical in permanent crops since Phytophthora, if left unchecked and untreated, can carry over into following seasons.
"Phytophthora is a root rotting pathogen that feeds on and lives in root tissues. Growers need to control it or else the root system will be so damaged that it won't be able to produce efficiently, and trees can eventually die," says Garrett Gilcrease, agronomy service representative at Syngenta. "If you have an uncontrolled Phytophthora situation, tree health will decline and sizing will be off. This means less yield and profit for the grower."
Preventive action against Phytophthora bolsters long-term orchard health, which can help trees stand the test of time and increase their potential to produce higher, more marketable yields. Fungicides like Orondis® offer highly effective control of oomycete diseases, including Phytophthora root rot. In a 2020 study, orchards treated with Orondis applied at a 9.6-fluid-ounce rate showed zero incidences of Phytophthora root rot compared with untreated trees, which demonstrated 35 incidences of the disease. Orondis fungicide is especially helpful for young trees, which are more vulnerable to the disease.
"Orondis is a soil-applied fungicide that is the best option for Phytophthora control. It provides great resistance management, is extremely active at low use rates and provides excellent residual control," Gilcrease says. "It goes into the soil and not only protects the root system but also reduces propagule count in the soil."
Putting tree nut health at the core of your management practices can help produce high-quality, high-yielding trees for seasons to come. For more information on tree nut management, visit, Syngenta-US.com/TreeNuts Join the conversation online ― connect with Syngenta at Syngenta-us.com/social.
About Syngenta
Syngenta Crop Protection and Syngenta Seeds are part of Syngenta Group, one of the world's leading agriculture companies. Our ambition is to help safely feed the world while taking care of the planet. We aim to improve the sustainability, quality and safety of agriculture with world-class science and innovative crop solutions. Our technologies enable millions of farmers around the world to make better use of limited agricultural resources.
The content of this release is for information purposes only. This release is not, and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy any securities or other property interests.
To learn more, visit www.syngenta.com and www.goodgrowthplan.com. Follow us on Twitter at www.twitter.com/Syngenta and www.twitter.com/SyngentaUS and on LinkedIn at www.linkedin.com/company/syngenta.
Web Resources:
Orondis® Product Page
Know More, Grow More
Syngenta Newsroom
Syngenta U.S.
Thrive
Cautionary Statement Regarding Forward-Looking Statements
This document may contain forward-looking statements, which can be identified by terminology such as 'expect', 'would', 'will', 'potential', 'plans', 'prospects', 'estimated', 'aiming', 'on track' and similar expressions. Such statements may be subject to risks and uncertainties that could cause the actual results to differ materially from these statements. For Syngenta, such risks and uncertainties include risks relating to legal proceedings, regulatory approvals, new product development, increasing competition, customer credit risk, general economic and market conditions, compliance and remediation, intellectual property rights, implementation of organizational changes, impairment of intangible assets, consumer perceptions of genetically modified crops and organisms or crop protection chemicals, climatic variations, fluctuations in exchange rates and/or commodity prices, single source supply arrangements, political uncertainty, natural disasters, and breaches of data security or other disruptions of information technology. Syngenta assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors.
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SOURCE Syngenta | https://www.wibw.com/prnewswire/2022/08/22/stay-ahead-soilborne-diseases-high-yielding-tree-nut-orchards/ | 2022-08-22T17:47:13Z |
DALLAS (KDAF) — Last year, President Joe Biden announced new steps to fight the increase in violent crime, which included a 30% rise in homicides and an 8% rise in gun assaults in large cities.
As officials say homicide rates continue to rise, a new study from WalletHub is looking at which cities are seeing the largest increases in homicide rates and according to them, Dallas is one of those cities.
To determine which cities are experiencing the biggest homicide problems, officials looked at the number of per capita homicides from 2022 to 2020.
So how did North Texas stack up? Dallas ranked 12th in the nation with officials citing one of the largest changes in homicides per capita from 2021 to 2022, 8th overall.
Here’s how other Texas cities ranked:
- El Paso – 14th
- Austin – 32nd
- Fort Worth – 37th
- Arlington – 41st
- Garland – 46th
For more, visit WalletHub. | https://cw33.com/news/local/study-dallas-has-one-of-the-highest-homicide-rate-increases-in-the-nation/ | 2022-07-27T17:41:07Z |
Domestic acquisition of Central Indiana's largest family-owned lawn care company bolsters Neighborly's position as the world's largest franchisor of home service brands
WACO, Texas, Aug. 23, 2022 /PRNewswire/ -- Neighborly®, the world's largest home services company, announced today its acquisition of Lawn Pride®, a professional lawn care company in Indianapolis, Indiana. The company expects to begin franchising the Lawn Pride brand in the U.S. in 2023. With this acquisition, Neighborly has reached a milestone with now more than 30 home service brands globally across 18 service verticals.
"At Neighborly, we believe in the greater power of our collective, and welcoming Lawn Pride to our family of brands allows us to expand our offerings and deepen connections with homeowners," said Mike Bidwell, President and CEO of Neighborly. "Lawn Pride's fertilization, weed control, aeration and overseeding services have earned a remarkably high net promoter score and customer retention rate. We see tremendous opportunity to grow the brand to new heights beyond its home market."
Remaining true to its namesake, Lawn Pride, founded by Andrew Neher over 30 years ago, has a strong reputation and prides itself for its corporate culture, teamwork, operational excellence and unwavering emphasis on customer service and value, making it the perfect addition to the Neighborly family of brands.
"While still in college, I started my entrepreneurial journey in lawn care. With a lot of hard work and a highly dedicated and talented team, we built Lawn Pride into the thriving business it is today," said Andrew Neher, Founder and President of Lawn Pride. "Now, it's time for the Lawn Pride team and the Neighborly team to collaboratively write the Company's exciting next chapters. Guided by Neighborly's entrepreneurial spirit, leadership team, deep bench and experience in home services, and a great capacity to grow the business, this is clearly the right next step in our evolution."
Joshua Sevick, President of The Grounds Guys®, a Neighborly company, will oversee the integration of Lawn Pride. Both brands will operate independently with two distinct service models and systems under Neighborly's direction, providing unique value to customers who look to Neighborly as their hub for home services.
"As I've witnessed firsthand with The Grounds Guys, Neighborly's commitment to investing in the brands under its umbrella through the organization's proven franchise model is a game-changer for achieving accelerated brand growth," said Sevick. "I look forward to seeing Lawn Pride experience the same success under Neighborly that we've witnessed across all of our home service brands."
Neighborly recognizes that every associate plays a role in overall value creation for the company. Lawn Pride employees will be eligible to begin vesting into the Neighborly Associate Equity Program.
For more information about Neighborly's service brands, visit www.neighborly.com.
Neighborly® is the world's largest home services company with more than 30 brands and 5,000 franchises collectively serving 12 million+ customers in six countries, focused on repairing, maintaining and enhancing homes and businesses. The company operates online platforms that connect consumers to service providers in their local communities that meet their rigorous standards as a franchisor across 18 service categories at Neighborly.com or through the Neighborly App. More information about Neighborly®, and its franchise concepts, is available at Neighborlybrands.com. To learn about franchising opportunities with Neighborly®, click here.
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SOURCE Neighborly | https://www.kxii.com/prnewswire/2022/08/23/neighborly-acquires-lawn-pride-bringing-global-franchisors-portfolio-more-than-30-brands/ | 2022-08-23T15:16:54Z |
Athletes can compete for style points at "DICK'S Sporting Goods High" via challenges, quests and obbys to outfit their avatar in the latest back-to-school gear
PITTSBURGH, July 27, 2022 /PRNewswire/ -- DICK'S Sporting Goods today announced the launch of "School of Sport," an interactive experience on the Roblox platform that infuses sport and style and gives users a chance to compete in a variety of challenges, quests and obstacle courses ("obbys").
Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/8858256-dicks-sporting-goods-launches-roblox-school-of-sport-for-back-to-school/
Consisting of six virtual spaces, "School of Sport" takes place at DICK'S Sporting Goods High and mimics the characteristics of a real-world high school, bringing the most compelling aspects of back-to-school onto Roblox.
"It is important for us to continue evolving the way we engage with consumers. We are excited to make our entrance into the Metaverse with 'School of Sport,' creating a space to share sport and style while also connecting with our younger athletes," said Ed Plummer, Chief Marketing Officer at DICK'S Sporting Goods.
DICK'S Sporting Goods is launching the brand's larger Sport Your Style back-to-school campaign, which is focused on versatility and encourages teens to own their individual style. While this theme is woven throughout the "School of Sport" experience, it is most prominent in the Roblox experience's first environment, The Locker Room, where the transition from sport to style commonly occurs in real-world school.
"School of Sport" by DICK'S Sporting Goods is currently live on Roblox and available by visiting: https://www.roblox.com/games/10319501620/School-of-Sport
How It Works: "School of Sport" by DICK'S Sporting Goods
- Users enter the experience through The Locker Room where they will receive information on how to navigate DICK'S Sporting Goods High. Each player will have a personalized locker containing The Store where they can use style points, the in-experience currency, to purchase shoes, apparel and accessories to outfit their avatars.
- As users freely explore DICK'S Sporting Goods High, they can socialize with other users and collect stickers, badges and style points by competing in quests, obbys and challenges throughout the experience environments: The Field, The Hallways, The Gymnasium and The Outdoor Cafeteria. There is an additional hidden environment within the experience that visitors must discover on their own.
- In addition to using style points to unlock access to the latest back-to-school gear, community members can also view their rankings on the leaderboard and personalize their virtual school supplies (notebook, waterbottle, etc.) with stickers they've collected throughout the school.
About DICK'S Sporting Goods, Inc.
DICK'S Sporting Goods (NYSE: DKS) creates confidence and excitement by personally equipping all athletes to achieve their dreams. Founded in 1948 and headquartered in Pittsburgh, the leading omnichannel retailer serves athletes and outdoor enthusiasts in more than 850 DICK'S Sporting Goods, Golf Galaxy, Field & Stream, Public Lands, Going Going Gone! and Warehouse Sale stores, online, and through the DICK'S mobile app. DICK'S also owns and operates DICK'S House of Sport and Golf Galaxy Performance Center, as well as GameChanger, a youth sports mobile app for scheduling, communications, live scorekeeping and video streaming.
Driven by its belief that sports make people better, DICK'S has been a longtime champion for youth sports and, together with its Foundation, has donated millions of dollars to support under-resourced teams and athletes through the Sports Matter program and other community-based initiatives. Additional information about DICK'S business, corporate giving, sustainability efforts and employment opportunities can be found on dicks.com, investors.dicks.com, sportsmatter.org, dickssportinggoods.jobs and on Facebook, Twitter and Instagram.
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SOURCE DICK'S Sporting Goods | https://www.kxii.com/prnewswire/2022/07/27/dicks-sporting-goods-kicks-off-back-to-school-with-roblox/ | 2022-07-27T14:08:30Z |
NEW YORK, July 14, 2022 /PRNewswire/ -- Stagwell, the challenger network built to transform marketing, today shared that Moody's Investors Service (Moody's) has upgraded the company's corporate family rating to B1 from B2. Additionally, Moody's upgraded the profitability of default rating to B1-PD from B2-PD, senior unsecured notes rating to B2 from B3, and speculative grade liquidity rating to SGL-2 from SGL-3. Given the upgrade, the outlook was also changed to stable from positive.
In a release from Moody's, Peter Adu, Moody's Vice President and Senior Credit Officer commented on this upgrade saying that, "The upgrade reflects the company's good operating momentum post-merger and its focus on deleveraging."
The full release from Moody's can be found here.
"This week's upgrade is a positive development for Stagwell, reflecting the financial and operational transformation our corporate leaders have steered as we near the one-year anniversary of Stagwell's formation," said Mark Penn, Chairman and CEO, Stagwell.
Stagwell will report financial results for the three months ended June 30, 2022, on Thursday, August 4, before market open. Register for the earnings webcast at 8:30 AM E.T. the same day.
Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world's most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 12,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.
Press:
Beth Sidhu
pr@stagwellglobal.com
(202) 423-4414
Investors:
Michaela Pewarski
ir@stagwellglobal.com
(646) 429-1812
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SOURCE Stagwell Inc. | https://www.kxii.com/prnewswire/2022/07/14/stagwell-stgw-corporate-family-rating-upgraded-by-moodys-outlook-is-stable-amid-good-operating-momentum/ | 2022-07-14T16:30:34Z |
Local COVID-19 patient numbers at lowest pandemic levels
The surge of COVID-19 cases related to the omicron variant that started last fall appears to have ended, at least locally.
West Tennessee Healthcare releases the number of patients in the hospital for COVID-19 purposes each day on its social media, and the number of patients, patients on ICU and patients on a ventilator are nearing or have reached pandemic record lows.
Their most recent graphic showing patient numbers was released on Wednesday. It had five COVID-19 patients – three vaccinated and two unvaccinated. There were no COVID-19 patients in ICU or on a ventilator.
“We hit our peak on Jan. 28 with 230 active COVID-19 patients,” said Amy Garner, the chief compliance officer and media relations specialist for WTH. “And to see the numbers drop as much as they have in two months is phenomenal.”
But Garner was quick to say the hospital staff isn’t taking any time to be complacent with cases now.
“We’re glad to see the cases low, and we’re glad that our staff isn’t getting stretched the way it does when we’ve had a lot of COVID cases, but we’re not getting complacent,” Garner said. “We’re still in a pandemic, and COVID-19 is still something to guard against, and it probably will be like we guard against flu and other things like that now.
“The No. 1 goal with anything – COVID, flu, whatever – is protecting our patients and providing a safe environment with constant hand-washing, PPE and all those things we use to stop the spread of infectious diseases.”
She did say that everyone in the hospital is glad the emergency department isn’t constantly full of potential COVID-19 patients waiting on a test or to be treated and surgeries aren’t being canceled.
“We’re in good shape, but we’re always mindful of the possibility of a new variant that will mutate, which happens with other viruses as well,” Garner said. “So we just need to stay vigilant of hand washing and slowing the spread of these things.”
Reach Brandon Shields at bjshields@jacksonsun.com. Follow him on Twitter @JSEditorBrandon or on Instagram at editorbrandon. | https://www.jacksonsun.com/story/news/2022/04/04/local-covid-19-patient-numbers-lowest-pandemic-levels/7238783001/ | 2022-04-04T08:13:55Z |
LONDON, Sept. 16, 2022 /PRNewswire/ -- REVIV President and CEO Sarah Lomas today announces that Sela Al Asadi CEO of REVIV UAE will be joining the company's Board of Directors.
Based out of LA and Dubai, Sela's global reach will be instrumental in the strengthening of REVIV's precision nutrition proposition in the market. Sela's approach towards innovation in skincare and wellness, driven by an extensive wealth of knowledge and experience, will drive forward global research and development, as the company expands its products and services portfolio in the coming years.
Sela co-founded and managed multiple state of the art cosmetic and wellness facilities in the UAE since 2000. Graduating with honors with a degree in Biochemistry and Computer Information Science from Queens University in Canada, she has been able to bridge the gap between technology, wellness and skincare.
Sela initially invested in bringing REVIV to the UAE in 2017 going on to become the CEO of REVIV UAE after expanding her clinic network in the country.
Sela says: "I became interested in REVIV in 2017 while I was researching a wellness partner that would complement the strenuous lifestyle of the executive and athletic world. It was apparent to me that my clientele had an increased demand for wellness optimization which was not being resolved at a conventional medicine level. That's where REVIV came in! Together, we have lived up to our goal to support our clients by keeping their immune systems healthy year-round, by preventing infection and disease and by optimizing energy levels, through our proprietary nutritional solutions.
"I am therefore excited to now be joining the Board of Directors at REVIV, to utilise my knowledge and expertise, as we prepare to launch disruptive technologies across multiple vertical sectors, to drive forward REVIV's global ambitions."
Sarah Lomas, President and CEO of REVIV, says: "The appointment of Sela is exciting as her experience and expertise will help REVIV Global realise the wealth of opportunity to expand our product portfolio across the globe. Our ambitious plans, including a tech-based approach towards precision nutrition, will solidify our position as the number one IV drip therapy company in the world."
About REVIV
REVIV is a life science led provider of nutritional health solutions, and their goal is to be the only personalized nutritional health company that offers precision nutrition solutions, using big data coupled with AI, to evidence that nutrition can have a positive impact on medical conditions or disease. REVIV's vision is to pioneer the democratization of nutrition-based treatments which will reduce disease, extend life and allow people to live better and healthier lives.
For more information about REVIV Global visit our website: www.revivme.com or email Emma Robertson on erobertson@revivme.com, +447398213452
Photo - https://mma.prnewswire.com/media/1900706/Reviv_New_CEO_UAE.jpg
Logo - https://mma.prnewswire.com/media/1759112/REVIV_Logo.jpg
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SOURCE Reviv | https://www.wibw.com/prnewswire/2022/09/16/reviv-president-ceo-sarah-lomas-announces-sela-al-asadi-newly-appointed-board-director/ | 2022-09-16T15:42:00Z |
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