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SUNRISE, Fla. (AP) — The Florida Panthers are champions of the NHL’s Atlantic Division. They look like a team that’s ready to win even more.
Aleksander Barkov scored his 38th goal of the season and the Panthers tied a franchise record with their 12th straight win, beating the Detroit Red Wings 5-2 on Thursday night.
That, combined with Tampa Bay’s 8-1 win over Toronto later Thursday, locked up the Atlantic title and home-ice advantage throughout the Eastern Conference playoffs for the Panthers. It’s the third time that Florida has won a division title in its 28-season history.
“It means a lot. We put a lot of hard work into the season and locking up the division is a big accomplishment for us,” Florida’s MacKenzie Weegar said. “But there’s obviously the bigger picture here and we’ll enjoy that, locking up the division and getting the home-ice advantage for the playoffs here. But other than that, we’re trying to build our game and have fun while we’re doing it.”
Mason Marchment had a goal and an assist, and Sam Reinhart, Noel Acciari and Weegar also scored for the Eastern Conference-leading Panthers, who moved two points ahead of West-leading Colorado in the race for the best record in the NHL. Florida (118 points) and the Avalanche have five games remaining.
“We’re taking care of business,” Acciari said.
The Panthers matched the 12-game winning streak they posted from Dec. 15, 2015, to Jan. 10, 2016. Florida has outscored opponents 61-31 in that span, 27-9 in the last six games.
“We kind of just go game-by-game and I’m happy we’re racking up the wins here,” Weegar said. “We’re a great team and it’s obviously shown all year.”
Jonathan Huberdeau had two assists and moved into a tie with Connor McDavid of idle Edmonton for the league lead in points at 113.
Sergei Bobrovsky stopped 28 shots for the Panthers.
Tyler Bertuzzi and Sam Gagner scored for Detroit, and Alex Nedeljkovic stopped 22 shots.
“They have this many points for a reason,” Detroit coach Jeff Blashill said of the Panthers. “Overall, we were in the position to win the hockey game. We’ve just got to find a way. One or two less mistakes and make sure to capitalize on our chances.”
The Red Wings closed within 3-2 when Bertuzzi’s shot from the right circle got past Bobrovsky with 13:45 left in the second, but the Panthers moved ahead 4-2 after Weegar poked the puck in from the slot about 10 minutes later.
Reinhart scored a power-play goal early in the third to stretch the Panthers’ lead to 5-2.
“I thought we got a little physical in the second and we seemed to get a little momentum and kind of took over the hockey game,” Florida interim coach Andrew Brunette said. “Our focus hasn’t been on anything other than doing the right things and that will start again on Saturday and that’s kind of been a tribute to the guys. I think we’ve been able to do that all season long.”
The Panthers scored three goals on seven shots in the first period.
After Gagner’s wrist shot went under Bobrovsky’s glove to give the Red Wings a 1-0 lead at 4:08, Acciari tied the score 1-all on a shot from the low slot at 9:19.
Barkov’s power-play goal came on a blast from the high slot with 1:07 left to give the Panthers a 2-1 lead. Then, Marchment’s shot deflected off a defender and into the net with 21 seconds left to make it 3-1.
“They seemingly can create offense out of nothing,” Gagner said. “You feel like you’re playing well against them, they create odd man breaks and their defensive finds guys up-ice open. Ultimately they found a way to break through.”
DOWN 1-0, AGAIN
Florida surrendered the first goal of a game for the 35th time this season. The Panthers have the NHL’s best record, by far, in games in which they face a 1-0 deficit. Florida improved to 23-8-4 in that situation; St. Louis is second at 19-12-5 entering Thursday.
NOTES: Florida and St. Louis are the only NHL teams to not be shut out this season. … Joe Thornton’s first-period assist on Acciari’s goal made it his fourth game with a point in his five most recent appearances. Thornton hadn’t played since April 3. … Detroit will miss the playoffs for the sixth consecutive year, its longest such streak since missing seven consecutive postseasons from 1971 through 1977. … Detroit’s home finale is Saturday.
UP NEXT
Red Wings: Host Pittsburgh on Saturday.
Panthers: Host Toronto on Saturday.
___
More AP NHL: https://apnews.com/hub/nhl and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/panthers-beat-red-wings-5-2-clinch-best-record-in-east/ | 2022-04-22T21:54:28Z |
INDIANAPOLIS, June 28, 2022 /PRNewswire/ -- The National Police Association ("NPA") has filed a motion for leave to participate in Ninth Circuit case of Estate of Daniel Hernandez, et al. v. City of Los Angeles, et al., Nos. 21-55994 & 21-55995, which raises important questions about police use of deadly force. The NPA has filed briefs amicus curiae across the country in support of rules of law that recognize and support the discretion of police officers to respond to the difficult and often life-threatening circumstances to which they are exposed in their line of duty.
In this case, after causing a serious multiple car accident, Mr. Hernandez confronted Officer Toni McBride of the Los Angeles Police Department with a box cutter in his hand, advancing on her and refusing repeated commands to drop the weapon. Mr. Hernandez' surviving relatives sued Officer McBride, the Los Angeles Police Department and the City of Los Angeles, alleging that Officer McBride violated Mr. Hernandez' constitutional rights by shooting him.
The National Police Association filed with its motion a comprehensive brief addressing the latest science concerning police decision making in complex and dangerous situations and how such research compels deference to officer decision making. Officer McBride arrived at a volatile scene that required her instantly to identify who was injured, assess the degree of those injuries for triage purposes, determine who or what might threaten injuries, and prioritize and get control of the threats.
Relevant research confirms that these circumstances, requiring complex "task switching," reduces efficiency, raises risk, slows reaction time—in a context where there is already a cognitive time gap between action and reaction of between 500 and 750 milliseconds. Extreme stress also causes changes in perception including narrowed peripheral vision, reduced depth perception and changes in the perception of time. Legal rules setting standards for officer behavior must take account of all these unavoidable human limitations.
Police officers like Officer McBride are required to make life and death decisions, subject to all of these limitations, in a matter of seconds. Officer McBride, though retreating as Mr. Hernandez advanced, was accused of firing too soon, and firing again after he got up again and appeared poised to sprint at her following the first two shots. Unlike a reviewing court, Officer McBride did not have the luxury of reviewing carefully documented evidence in a leisurely fashion.
The record, recorded on multiple video streams, also contains some indication that Mr. Hernandez was engaging in the phenomenon of "suicide by cop," in substance forcing Officer McBride to use deadly force upon him to defend herself and others. The NPA's brief presents relevant research on this circumstance as well.
In its brief, the NPA warns that it would be "contrary to the interests of law enforcement and social order generally to create a rule of constitutional law denying the use of deadly force against armed suspects advancing on police officers who refuse commands to drop the weapon." Police officers cannot effectively maintain control of violent offenders on the Nation's streets, and prevent further injury to the public if their only option available is to retreat until the suspects can somehow be controlled without the use of deadly force. That will not work for many offenders and poses an unreasonable risk to the lives of police officers and the public. The U.S. Constitution does not require such a result.
The National Police Association is represented by James L. Buchal of Murphy & Buchal LLP. The NPA's amicus can be viewed here: https://nationalpolice.org/main/wp-content/uploads/2022/06/Hernandez-v-McBride.pdf
The National Police Association (NPA) is a 501(c)3 Educational/Advocacy non-profit organization. For additional information visit www.nationalpolice.org.
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SOURCE National Police Association | https://www.kxii.com/prnewswire/2022/06/28/national-police-association-asks-ninth-circuit-court-appeals-rule-favor-lapd-officer-justified-shooting/ | 2022-06-28T13:32:10Z |
BHUBANESWAR, India, May 16, 2022 /PRNewswire/ -- KIIT Deemed-to-be-University, Bhubaneswar has been ranked 8th best University in the world in the prestigious Times Higher Education Impact Rankings 2022 for the impressive progress made in 'reducing inequalities'.
Achieving gender equality is one of the key parameters of the United Nation's Sustainable Development Goal (SDG) objectives.
The London-based Times Higher Education, which carries out rankings of the institutes and universities on different parameters every year including the famed 'world university ranking', released the latest report of the Impact Rankings 2022 on April 28.
The Impact Rankings assessed the universities' commitment to sustainability across four broad areas: Research, stewardship, outreach and teaching.
KIIT was only among a handful of Indian universities to have featured in the list. Securing 8th place is an acknowledgement of its commitment to achieving excellence in every academic sphere. KIIT's high score also reflects its social responsibility and impactful contributions toward SDGs.
KIIT and KISS Founder, Prof. Achyuta Samanta lauded the historic achievement and said: "KIIT's position among the world's most impactful universities in the parameter of 'Reducing Inequalities' reflects its enormous contribution in the field over the decades."
He congratulated Chancellor Prof. Ved Prakash; Vice-Chancellor Prof. Sasmita Samanta, faculty, staff members and the students of KIIT for the unique achievement.
KIIT is one of the foremost Indian universities that attract students from across India and over 53 nations to pursue professional and technical education. It is widely regarded as the most student-friendly university that values and cherishes the principles of compassion and humanity.
While KIIT was ranked 8th best globally for 'Reducing Inequalities', it was in the ranks of 101-200 among the 1,500 universities from 106 countries for its achievement in other SDGs such as Quality Education; Peace, Justice and Strong Institutions; and Partnerships for the Goals. It achieved the overall position of 201-300 in the rankings.
Along with quality education and research, KIIT is actively involved in a wide spectrum of social development activities since its inception.
KIIT has done extensive work in the field of reducing inequalities. As a result, it has got the 8th position in the entire world in this parameter of SDG, underling KIIT's steadfast commitment towards all the 17 SDGs through its academic and social outreach programmes.
KIIT takes pride as a community-based university and has been contributing to pressing social issues such as reducing poverty through education, women empowerment, equal opportunity in the workplace, rural development, tribal upliftment, art, culture and literature.
About KIIT
The University was founded in 1992-93 by Prof Samanta, an eminent educationist and social activist. It made a modest beginning as a vocational training centre. But its principles and the underlying belief in making quality education accessible to all made it a sought-after destination for higher studies. It took shape as a centre of higher learning in 1997, which is considered, the base year. Since then, KIIT has grown exponentially, setting a classic benchmark in education and research activities.
Media Contact:
Dr. Shradhanjali Nayak
director.pr@kiit.ac.in
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SOURCE KIIT | https://www.wibw.com/prnewswire/2022/05/16/making-an-impact-kiit-ranked-8th-globally-sdg-reducing-inequalities/ | 2022-05-16T11:40:06Z |
Virtual professional coaching platform, EZRA Coaching, employs proprietary assessment framework to deliver broadest behavioral competency study of its kind and finds improvement across all 35 assessed behaviors
NEW YORK, July 18, 2022 /PRNewswire/ -- EZRA, the virtual professional coaching platform, announced the findings of one of the largest studies of its kind that assessed over 10,000 professionals to measure impact of professional coaching across 35 behaviors. This comes after the 2020 launch of EZRA Measure, a behavioral-science based assessment tool that for the first time in the professional coaching industry makes it possible to trace and quantify behavioral competency growth. The EZRA Measure framework was developed by Dr. Nigel Guenole, Director of Research for the Institute of Management at Goldsmiths, University of London, and aims to standardize and scientifically ground the measure of behavioral change, which historically has been gathered through self and peer assessments. Through a rigorous peer-reviewed process, researchers from EZRA's Impact Lab developed a set of standardized assessments to accurately assess individual baselines and track behavioral growth across these competencies.
To build the EZRA Measure framework, EZRA Impact Labs reviewed existing competency frameworks and academic literature to identify the 35 key competencies that were observable, work-relevant, and coachable. After consulting with a panel of experts, EZRA's team of behavioral scientists determined these competencies could be categorized as task-related or people-related, and developed a two-factor model that measures individual change against these behaviors. Through this framework, EZRA Measure can track the rate at which individuals are progressing against their personalized goals. Data from individual assessments can then be analyzed in aggregate to reveal trends across teams, organizations, or industries.
"Awareness of the power of coaching is growing as research evidence from the scientific and business communities alike demonstrates that coaching works. This knowledge is leading many organizations to offer widespread access to coaching to enhance performance and well-being," said Dr. Guenole. "We focus on behavioral science research in coaching because it lets us drive measurable improvement in outcomes."
During its testing stage, the EZRA Measure assessed over 10,000 leaders at the beginning and end of their coaching. The conclusion is that coaching can deliver powerful improvements in performance. This includes the impact of coaching on increases in capability, differences in priority competencies from industry to industry, and the overall impact of coaching on certain topic areas:
- The three behaviors that are most improved by coaching are Prioritization (28%), Managing Conflict (22%), and Collaboration. (21%)
- The three behaviors that showed the least improvement through coaching were Customer Focus (7%), Leading for Inclusion (8%), and Goal Setting. (9%)
- Teams were 18% more productive when their managers had received coaching, versus control groups
- Across all behaviors, three months of coaching drove a significant improvement of 9%. By increasing the coaching program length to 6 months, improvement increased to 16%.
- Across industries, the skills organizations and individuals sought support for varied greatly. For example, Innovation is a popular skill in PR, marketing, and telecommunications, but typically a mid-range choice in other industries. Trust & Relationships is a highly popular choice in the fashion industry, but typically unchosen elsewhere.
EZRA has also partnered with New York University's School of Professional Studies' Human Capital Management department. This includes sponsoring research fellow Melonie Collado, whose work centers on developing a categorization system that will allow EZRA to further examine how primary coaching styles impact behavioral development outcomes.
"At EZRA, our primary mission has always been to democratize coaching so employees don't have to wait to get to the C-Suite before benefitting from this really transformative support. Part of making coaching more accessible means being able to demonstrate its impact. As an outcomes-obsessed organization, we knew early on we needed to revolutionize how we track and measure growth in a way that captures improvement at the individual, team, organization, and industry levels. We're very excited to have taken a giant step in that direction." said EZRA COO Jack Prevezer.
Last year, EZRA delivered over 100,000 coaching sessions globally and the organization is on track to increase its reach this year as demand for EZRA's coaching services continues to grow.
About EZRA
A leading global virtual coaching provider, EZRA delivers individualized leadership coaching to advance and develop workers at every level – because coaching should be accessible to everyone, not just to the C-suite.
Through its global network of over 2,000 world-class accredited coaches, EZRA has already helped over 7,800 companies and teams in 66 countries quantifiably improve performance, employee retention, and promotion rates. Companies using EZRA today include: AstraZeneca, Coca-Cola, KraftHeinz, Spotify, and Reuters.
Headquartered in London, EZRA was launched in 2019. EZRA currently operates as an independent startup within the Adecco Group and LHH families.
For more information, visit: helloezra.com/ezra-measure
Media Contact:
Emma Ruben
BerlinRosen
ezra@berlinrosen.com
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SOURCE EZRA | https://www.mysuncoast.com/prnewswire/2022/07/18/ezra-coaching-unveils-findings-most-comprehensive-behavioral-study-coachable-skills-following-launch-ezra-measure/ | 2022-07-18T14:43:45Z |
Philanthropic project partners with Rivne State Department of Education to provide in-demand IT skills to high school youth across Ukraine
ALAMEDA, Calif., June 30, 2022 /PRNewswire/ -- Today, Global Grid for Learning (GG4L) announced a partnership with the Rivne Area Department of Education, in Ukraine to provide IT, business training and certifications for high school students.
The project will provide free courses and industry recognized credentials to prepare students for internships and work in high-demand career pathways. GG4L, along with its corporate sponsors, will provide an online, self-paced training and certification program for students, as well as course advisors sourced from existing teachers in Ukraine.
The Career Passport #Ukraine will launch in August, with initial credential pathways in:
- Social Media Marketing
- Full Stack Software Developer
- IT Support Professional
GG4L will deploy an online infrastructure for secure enrollment and access to the third-party digital content and courses for this program. The primary partner for courseware and pathways is Coursera, providing industry recognized courses and certificates through their Career Academy from leading vendors such as Google, Amazon, IBM and many others.
"The GG4L Career Passport program will allow our high school students to prepare themselves for in-demand jobs," said Petro Korzhevsky, Head of Rivne State Department of Education. "The online program, supplemented with advisors drawn from our teaching ranks enables students to gain work-ready skills during a time of deep disruption in our country."
"We've all been deeply saddened and concerned with the war in Ukraine," commented Robert Iskander, GG4L's Founder and CEO. "As a major employer in Ukraine, we were eager to provide meaningful support to the country. Career Passport #Ukraine will give high school students a path toward employment in the IT industry."
GG4L is planning to enlist corporate sponsors to assist in financially sustaining this impact initiative as it expands to thousands of Ukrainian refugees and displaced youth. In addition to corporate sponsors, GG4L is enlisting employers who will hire the certified students for entry level employment or consulting positions. For more information on the program, as well as corporate sponsorship opportunities, please refer to www.careerpassport.academy.
Founded in 2018, GG4L is a membership-based collaborative providing schools and EdTech vendors a foundation for digital transformation. GG4L's School Passport® is an Integration Platform as a Service (iPaaS), offering a suite of cloud integration services to schools, financially sustained by hundreds of EdTech vendors. With industry-leading PII Shield protection, GG4L advocates for open standards based data integrations, governed data exchange, and strict data privacy compliance. For more information, visit gg4l.com. GG4L currently serves over 30,000 schools across 1,800 school districts.
CONTACT: marketing@gg4l.com
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SOURCE Global Grid for Learning (GG4L) | https://www.kxii.com/prnewswire/2022/06/30/gg4l-launches-career-passport-ukraine/ | 2022-06-30T20:15:12Z |
Select Yellowstone National Park roads open April 15
MAMMOTH HOT SPRINGS, Wyo. (KIFI) – Beginning at 8 a.m. Friday, April 15, select roads in Yellowstone National Park will open to the public for the season, weather permitting. On Saturday, April 16, entrance fees will be waived in celebration of National Park Week.
Roads open to the public April 15
- West Entrance to Old Faithful
- Mammoth Hot Springs to Old Faithful (via Norris)
- Norris to Canyon Village
- North Entrance to Mammoth Hot Springs to Northeast Entrance (open year-round)
Changes in 2022
- The road between Canyon Village and Tower-Roosevelt (Dunraven Pass) opens May 27 at noon.
- Fishing and boating seasons begin May 28 and will close Oct. 31.
- Three major road improvement projects will occur this year. All three projects will cause major delays (Lewis River Bridge, Old Faithful to West Thumb and Yellowstone River Bridge) and two projects (Old Faithful to West Thumb and Lewis River Bridge) will have overnight closures. Visitors entering and exiting the park’s south entrance should allow for extra driving time. Drive slowly through road construction and be alert to workers, heavy equipment, wildlife and other hazards.
- Park roads will close for the winter season Nov.1 at 12:01 a.m.
Stay informed
- Services in the spring will be limited and visitors should come prepared. Visit Operating Hours & Seasons for area-specific services.
- Weather conditions can change rapidly, especially in the spring. Many areas of the park are still experiencing winter conditions. Visitors should check the park’s current conditions before they arrive.
- Find updated road status on the park website and by calling (307) 344-2117. To receive Yellowstone road alerts on your mobile phone, text "82190" to 888-777 (an automatic text reply will confirm receipt and provide instructions.
- Reduce wait times at park entrances. Buy a pass online ahead of time.
For additional details, visit the park website at www.nps.gov/yell or download the National Park Service App. | https://localnews8.com/news/wyoming/2022/04/07/select-yellowstone-national-park-roads-open-april-15/ | 2022-04-07T19:55:29Z |
ZURICH, April 6, 2022 /PRNewswire/ -- Amcor (NYSE: AMCR) (ASX: AMC), a global leader in developing and producing responsible packaging solutions, today announced the launch of Amcor Lift-Off, an open-call initiative aimed at supporting seed stage start-ups that are focused on innovative packaging solutions and related technologies. Amcor Lift-Off offers these start-ups a chance to secure an investment of US$250,000, as well as operational guidance, to take their ideas to the next level.
Amcor is looking to partner with innovative leaders that are working to create more sustainable packaging solutions, new packaging technologies or have developed a new business model. Applicants must be innovating in at least one of six strategic areas to apply: recycling systems, alternative barriers, paper-based solutions, smart and connected packaging, biomaterials, or new industry business models. Incorporated companies from around the world can apply for free, regardless of whether they have raised funds before.
The Amcor Lift-Off program will proceed in three phases:
- Applications will be open online until May 15, 2022*
- Applicants will then be screened and shortlisted, with up to 20 start-ups invited for a first call to pitch their ideas
- Five final start-ups will be invited to pitch on a first Lift-Off day toward the end of June before a team of senior Amcor leaders.
Based on the ideas pitched, each of the five finalists could receive US$250,000 in the form of a convertible loan as well as Amcor support and resources to refine their products, build partnerships and scale across geographies. Companies interested are invited to apply here:
Frank Lehmann, Vice President Corporate Venturing and Open Innovation at Amcor, commented: "As the global diversified packaging leader, Amcor is a firm believer in investing and developing early stage, cutting-edge innovation around sustainability and digitization for the packaging industry. We look forward to establishing an ecosystem of start-ups to complement and amplify Amcor's growth agenda and to further raise the bar and expectations on what can be achieved through innovative and more sustainable packaging. Amcor Lift-Off is just another example of how for 160 years Amcor has originated and supported industry-wide innovation – wherever and whenever it may originate.
"Our customers, and their consumers, want packaging solutions to evolve in line with societal expectations around sustainability, transparency and traceability – these solutions are the next generation of packaging and Amcor is bringing them to the forefront."
Amcor's corporate venturing work is focused on investing in innovative businesses and more sustainable packaging solutions to drive long-term growth. Earlier this year, Amcor announced a strategic investment in PragmatIC Semiconductor, a world leader in ultra, low-cost electronics which can be embedded into packaging. This followed an earlier investment in ePac Flexible Packaging in 2021.
*Applications received after May 15, 2022, will be considered for a second Amcor Lift-Off event in November 2022.
About Amcor
Amcor is a global leader in developing and producing responsible packaging for food, beverage, pharmaceutical, medical, home and personal-care, and other products. Amcor works with leading companies around the world to protect their products and the people who rely on them, differentiate brands, and improve supply chains through a range of flexible and rigid packaging, specialty cartons, closures and services. The Company is focused on making packaging that is increasingly light-weighted, recyclable and reusable, and made using an increasing amount of recycled content. Around 46,000 Amcor people generate $13 billion in annual sales from operations that span about 225 locations in 40-plus countries.
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SOURCE Amcor | https://www.kxii.com/prnewswire/2022/04/06/amcor-lift-off-initiative-offer-seed-funding-innovative-start-ups/ | 2022-04-06T10:02:49Z |
Walmart raises pay for Kansas truck fleet to help kinks in supply chain
TOPEKA, Kan. (WIBW) - As supply chain kinks continue to bog the trucking industry, Walmart has raised its pay for its Kansas truckers in hopes of keeping shelves stocked.
Walmart says it is in the midst of pay raises for its private fleet of truck drivers, which includes over 245 in Kansas. It said a new fleet directive program has also been launched to train the next generation of drivers.
Together, the international superstore chain said the investments will ensure Walmart remains one of the best companies to drive for and will help it continue to aggressively hire and meet all-time high demands from customers.
With the raises in place, Walmart said drivers are now able to make up to $110,000 in their first year with the company - with the potential to make even more down the road based on factors like tenure and location.
Walmart noted the new private fleet development program will enable supply chain associates in select locations to earn their CDL for free and become professional drivers for the company.
The superstore giant said it has one of the largest and safest private fleets in the trucking industry and Walmart driver jobs are considered among the best, where many choose to remain throughout their careers.
With customers counting on the chain like never before, Walmart said it is coming off a record year for hiring truck drivers and plans to keep aggressively hiring to meet customer demand.
For more information about the raises, click HERE.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/04/07/walmart-raises-pay-kansas-truck-fleet-help-kinks-supply-chain/ | 2022-04-07T16:55:39Z |
NANNING, China, Aug. 11, 2022 /PRNewswire/ -- Recently, Jingxi Cross-border E-commerce Experience Center & Jingxi E-commerce Public Service Center in Baise, Guangxi Zhuang Autonomous Region was inaugurated. This new model of cross-border e-commerce will help reduce the operation and management costs of cross-border trade enterprises, improve the facilitation level of cross-border trade, and also help Jingxi characteristic agricultural products "go global, expand its markets, and sold globally".
Deng Peibin, chairman of Guangxi Jingxi Ruitai Food Co., Ltd., said that the company mainly sold Jingxi's big-fruit hawthorn and other characteristic agricultural products through offline channels in the past. Now, through Jingxi Cross-border E-commerce platform, more products can be sold to the whole world. According to the data of Jingxi E-commerce Office, in the first half of 2022, the e-commerce transactions in Jingxi continued to improve, with the network sales of rural products of RMB 9,440,000.
According to the Publicity Department of Jingxi City, Jingxi is located near the China-Vietnam border. Longbang Port is one of China's national first-class ports. After becoming an international port in 2021, people, goods and vehicles from all over the world can enter or leave the country through Longbang Port. Jingxi Cross-border E-commerce Experience Center will rely on Longbang Port to carry out the construction of public service platforms for cross-border e-commerce and digital border trade, improve the customs clearance efficiency of the port, improve the cross-border shopping experience, optimize the business environment, and boost the economic development of the port.
Image Attachments Links:
Link: http://asianetnews.net/view-attachment?attach-id=427329
Caption: Customers are experiencing the "Online Purchasing" in Jingxi Cross-border E-commerce Experience Center.
Link: http://asianetnews.net/view-attachment?attach-id=427340
Caption: Customers are purchasing goods at Jingxi Cross-border E-commerce Experience Center.
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SOURCE The Publicity Department of Jingxi City | https://www.mysuncoast.com/prnewswire/2022/08/11/jingxi-city-establishes-cross-border-e-commerce-experience-center-create-new-model-border-trade/ | 2022-08-11T14:24:54Z |
Top barware accessories on Uncommon Goods
Uncommon Goods is a popular online stop for those seeking unique, handcrafted products, offering home goods, kitchenware, jewelry and experiences. They carry a range of environmentally conscious gifts and accessories with both function and aesthetics in mind.
Notably, Uncommon Goods sells handy barware products to make preparing and enjoying any kind of drink more convenient and engaging. If you would like to impress your guests, here are the best barware products from Uncommon Goods.
Which Uncommon Goods barware is best?
This collection of dehydrated fruits and spices complements any home bar set up by enhancing your cocktails with a burst of flavor. There are five bottles in the set, including blueberry lavender, pineapple and strawberry jalapeno. They should last a long time as you only need to add a little to your drink to taste the difference.
Foghat Glass Topper Cocktail Smoker
Fine drinks and sophisticated cocktails are improved at home with this smoke infuser. It adds both an eye-catching aesthetic to the drink-making process as well as a smoky flavor to your beverage. This simple procedure livens up even the most mundane of drinks. The Foghat will last up to 100 burns.
For those who enjoy strong, cold coffee, this cold brew coffee maker provides an easy and tasty beverage whenever you want. The vessel boasts a 12-cup capacity and can be set up to steep coffee overnight, so it’s ready in the morning or afternoon. It also comes with a refill kit for extended use and cleaning tablets to maintain the coffee maker.
This etched rocks glass features a detailed map of your favorite big city, with choices including New York, Los Angeles, Chicago, Miami, Toronto and Vancouver, among others. While designed particularly for whiskey drinks, the glass can be used for any small cocktails or even juice or water. The glass is also dishwasher-safe.
This elaborate cocktail mixer set includes ingredients to make four to eight high-end drinks. You provide your base liquor of choice and choose the matching set, whether you want a seaweed infusion flavor for your rum cocktail or pear hibiscus syrup for a gin drink.
Most whiskey glasses are designed with aesthetics in mind, crafted to uniquely and proudly show off the golden hue of the beloved liquor. This tumbler features a mind-bending look achieved with a bit of preparation. An included triangular silicone mold lets you freeze an angled portion of the glass, creating a sloped block of ice. Once frozen, simply pour whiskey on top to create a visual illusion and enjoy a chilled drink.
Wine Chilling Coaster with Glasses
This inventive set of granite cooling coasters keeps your wine tumbler chilled so you can take time to enjoy it. The sturdy coasters perfectly fit the included stemless wine glasses, but they can also be used for cans, bottles and even rocks or highball glasses. Made from recycled countertops, each unique coaster is handcrafted in the U.S.
Four glass tumblers feature an etched drawing of your favorite dog breed in goofy and adorable poses. Choose from dachshund, beagle, boxer or poodle, among other popular choices. Each 14-ounce glass showcases a prominent breed personality trait accompanied by an endearing image. Made in the U.S., these glasses are dishwasher safe.
This set of four simple syrups includes cherry almond, grapefruit basil, pear rosemary and cucumber habanero to add to your drinks to make the most flavorful of cocktails. The small bottles pack a powerful punch, each making up to six cocktails.
This etched pint glass features a map of a famous marathon race route, providing a compelling design for your drink of choice. Over a dozen marathon maps from around the world are offered, including Tokyo, New York, the Marine Corps, Berlin and Honolulu, with each showing the start and end of the race. At 16 ounces, it holds a standard beer and is dishwasher safe.
Show off your beer can in style with a cute flannel koozie. While it comes in your choice of green or red, it is more than just appealing to the eyes. Two layers of insulation keep your hands warm while your drink stays cool.
For the bird enthusiast who enjoys coffee or tea, this punny ceramic mug boasts ‘fowl’ language, with the names of some curious feathered friends. These aren’t your popular birds, but ones with names that may elicit some chuckles or giggles from the crowd. The illustrated birds add some color to the mug that won’t fade as it’s safe for dishwasher and microwave use.
Bring the popular southern Italian summer drink to your home with this comprehensive limoncello kit. The chilled digestif can be made easily with the included infusion jar, stainless steel funnel and natural Manuka honey flavor. You just supply the alcohol, sugar and lemons.
This set of attractive hand-blown glass flutes comes at a good price point, leveling up your barware so you can enjoy sparkling wine and elegant cocktails. Each of the six flutes is made from recycled glass and is designed with a sturdy base. They’re easy to clean as well and are dishwasher safe.
Highball glasses can get crowded when mixing and serving cocktails, which is why this inventive cocktail spoon straw is so useful. The straw gives way to a spoon at the bottom so that stirring drinks and tasting can be done conveniently. They are made of stainless steel, so they are easy to wash and superior to disposable straws.
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/kitchen-br/bar-wine-br/the-best-uncommon-goods-barware/ | 2022-06-08T17:34:02Z |
Asheville plumbing experts to donate dispatch fee during July to help puppies, kittens in need
ASHEVILLE, N.C., July 19, 2022 /PRNewswire/ -- Over the years, Four Seasons Plumbing, a family-owned and -operated plumbing company serving the Asheville and Hendersonville areas, has remained dedicated to supporting animals in their area. This year is no different as the company has decided to donate the money earned through its dispatch fee in July to the Asheville Humane Society.
"Animals are near and dear to our hearts, and we love finding ways to support organizations that share that same passion," said Max Rose, owner of Four Seasons Plumbing. "The Asheville Humane Society works tirelessly to care for all the animals that arrive at the shelter. I can think of no better use of this money than giving it to an organization that protects and loves their animals as they do."
Four Seasons Plumbing has utilized similar programs in the past to great success. To date, the company has donated over $29,484 to the Asheville Humane Society. In 2020, the organization raised $4,984 from its dispatch fees and donated it to the nonprofit.
"It is important to us that the animals at the Humane Society get adopted into safe and loving homes," Rose said. "This donation is one way we can help provide the support the shelter needs to ensure the foster program is a success."
Four Seasons Plumbing is a leading plumbing service in the Asheville and Hendersonville area. A family-owned and operated home service company, they provide professional plumbing services that include leak repair and detection, water heater repairs, water filtration, drain clearings, and several other high-quality services.
For more information on Four Seasons Plumbing and its services, please visit https://callfourseasons.com/.
About Four Seasons Plumbing
Four Seasons Plumbing is a family-owned and operated home services company serving Asheville and Hendersonville areas. Four Seasons Plumbing has established itself as the leader in providing reliable, professional plumbing services throughout the entire Asheville and Hendersonville area and surrounding communities. We pride ourselves on a commitment to customer service and can answer any and all of your plumbing needs, even emergencies. For more information, call 828-216-3894 or visit http://callfourseasons.com.
MEDIA CONTACT:
Heather Ripley
Ripley PR
865-977-1973
hripley@ripleypr.com
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SOURCE Four Seasons Plumbing | https://www.wibw.com/prnewswire/2022/07/19/four-seasons-plumbing-shows-support-asheville-humane-society-with-donation/ | 2022-07-19T12:08:12Z |
NEWPORT BEACH, Calif., June 15, 2022 /PRNewswire/ -- SYSTM Foods, an impact-focused food and beverage brand platform, today announced the acquisition of Chameleon Organic Coffee® from Nestlé USA, Inc. Chameleon is a leading provider of organic, sustainably grown, and ethically sourced coffee and joins the SYSTM Foods portfolio of brands, including plant-powered functional beverage brand, REBBL®.
The transaction aligns with SYSTM Foods' strategic goals: adding high-quality, plant-based, and innovative daily-use products to their omnichannel platform. Chameleon supports SYSTM Foods' shared product ethos championing better-for-you ingredients, environmental sustainability, and social responsibility.
SYSTM Foods is a partnership between SYSTM Brands and PowerPlant Partners to create a premium, impact-focused food and beverage (F&B) brand platform. Led by the SYSTM Brands team, with PowerPlant Partners as the lead investor, SYSTM Foods will seek to acquire and grow leading F&B brands that aim to bring innovative formulations to market in a sustainable, socially conscious manner.
"Chameleon sits at the center of our company's investment ethos – premium products that deliver clean, great-tasting ingredients with a purpose," said Andy Fathollahi, CEO of SYSTM Foods.
"We're thrilled to announce the acquisition of Chameleon as a core brand, along with REBBL, for SYSTM Foods. In addition to an incredible product line, the brand has experienced significant growth over the past few years and its social goals align perfectly with our beliefs as investors. We can't wait to provide the team all the support they need to energize and accelerate the brand's vision and growth," said Mark Rampolla, Founding Partner, PowerPlant Partners.
Fathollahi added, "We look forward to supporting Chameleon in this next phase of growth, investing in new products, and expanding distribution globally to bring its delicious, consciously-crafted cold-brew coffee to even more consumers everywhere."
Founded in 2010, Austin-based Chameleon has become a leading organic cold brew brand in the US, and one of the top refrigerated cold brew brands in the country. Its current portfolio consists of multi-serve concentrates and single-serve RTD products.
SYSTM Brands is an impact-focused brand platform, operated by a proven group of consumer industry executives and professionals that bring private equity discipline to venture stage opportunities. The SYSTM team has developed a brand platform to fully leverage their vast experience and expertise in creating, investing, acquiring, and growing leading consumer product brands. They utilize their consumer-focused investment expertise, access to subject matter experts, long-standing relationships with suppliers/manufacturers/service providers, and first-hand experience in multi-brand operations to help emerging businesses scale into successful and resilient consumer brands.
Comprised of multiple subsidiaries, including SYSTM Foods, SYSTM Brands has offices in Newport Beach and San Francisco, CA. For more information, visit www.systm.com.
PowerPlant Partners is a global leader investing in companies that are better for humanity and the climate. The firm provides capital, strategic guidance, and operating expertise to visionary companies including Beyond Meat, Thrive Market, Ripple, Veggie Grill, Apeel Sciences, Liquid Death, Miyoko's Creamery, Vive Organic, and Partake Brewing.
PowerPlant's leadership team comprises innovators behind leading food and beverage brands such as Veggie Grill, the largest plant-centric restaurant company in the U.S.; ZICO Beverages, an early pioneer of today's $8 billion coconut water category acquired by The Coca Cola Company in 2013; and Health Warrior, a superfood company purchased by PepsiCo in 2018.
PowerPlant Partners is located in Los Angeles, CA, and the San Francisco Bay Area. For more information about the fund visit www.PowerPlantPartners.co.
Founded in 2010, Chameleon Cold-Brew is Austin's original purveyors of bottled cold-brew coffee. Providing a one-of-a-kind, completely customizable coffee experience, Chameleon uses certified organic, responsibly sourced coffee. Chameleon's proprietary brewing process produces a super smooth, less acidic, highly caffeinated coffee that can be enjoyed hot or cold. The brand's portfolio of organic coffee offerings includes ready-to-drink cold-brew varieties, cold-brew concentrates, both whole milk and oat milk cold-brew lattes, kegs, cold-brew kits, and now, whole bean and ground coffee. For more information, please visit ChameleonCoffee.com or keep up with us on Facebook, Instagram, and Twitter.
Media Contact:
SYSTM Brands
Kelly Cunningham
kelly@systm.com
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SOURCE SYSTM Brands | https://www.mysuncoast.com/prnewswire/2022/06/15/systm-foods-acquires-chameleon-organic-coffee/ | 2022-06-15T18:25:55Z |
WASHINGTON, June 8, 2022 /PRNewswire/ -- Certified Financial Planner Board of Standards, Inc. (CFP Board) announced today that it has named David Nanigian, Ph.D., MBA, CFP® as its Director of Education, effective June 27. In this role, Nanigian will oversee and direct the program that facilitates completion of the education requirement for CERTIFIED FINANCIAL PLANNER™ certification.
Based in CFP Board's Washington, D.C. headquarters, Nanigian will manage the Registered Program functions to uphold CFP Board's initial certification and renewal requirements, support organizational growth objectives for programs at accredited colleges and universities, and ensure a competitive and relevant education program that facilitates the growth of CFP® certificants. He will report directly to John Loper, CFP®, MBA, Managing Director of Professional Practice.
"David's breadth of experience in both university teaching and financial services research makes him uniquely qualified to lead CFP Board's financial planning education programs, " said CFP Board CEO Kevin R. Keller, CAE. "David's work with CFP Board Registered Program directors, faculty, administrators and students will ensure that their programs — including curriculum, instruction and learner assessment — uphold CFP Board's high education standards."
Graduates of CFP Board Registered Programs satisfy the education coursework requirement for CFP® certification and are eligible to take the CFP® Certification Examination. There are currently 340 programs at 225 college or university-level institutions offering a financial planning curriculum registered with CFP Board.
Nanigian joins CFP Board from the Fowler College of Business at San Diego State University, where he served as the Dr. Thomas Warschauer Endowed Professor of Finance and the Director of Personal Financial Planning Programs. Nanigian is also a former associate editor for the Financial Services Review, the Journal of Personal Finance and the Journal of Financial Service Professionals.
He has published 14 peer-reviewed research papers on topics of relevance to financial professionals and held academic appointments at Cal State Fullerton, The American College of Financial Services and Penn State University.
Nanigian holds a Bachelor of Science degree in Business Administration, Financial Services, from San Diego State University, an MBA from the University of California, Irvine and a Ph.D. in Personal Financial Planning from Texas Tech University.
ABOUT CFP BOARD
Certified Financial Planner Board of Standards, Inc. is a professional body for personal financial planners in the U.S. CFP Board sets standards for financial planning and administers the prestigious CFP® certification – one of the most respected certifications in financial services – so that the public has access to and benefits from competent and ethical financial planning. CFP Board, along with its Center for Financial Planning, is committed to increasing the public's awareness of CFP® certification and access to a diverse, ethical and competent financial planning workforce. Widely recognized by firms as the standard for financial planning, CFP® certification is held by more than 93,000 people in the United States.
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SOURCE Certified Financial Planner Board of Standards, Inc. | https://www.mysuncoast.com/prnewswire/2022/06/08/cfp-board-appoints-david-nanigian-phd-mba-cfp-director-education/ | 2022-06-08T15:15:24Z |
BERLIN (AP) — Russia’s Gazprom halted the flow of natural gas through a major pipeline from Russia to Europe early Wednesday, a stoppage that it announced in advance and has said will last three days.
The Russian state-owned energy company announced the closure of Nord Stream 1 in mid-August, citing maintenance at a compressor station — an explanation that German officials have cast doubt on. Gazprom says that work is necessary on the only remaining functioning turbine at the Portovaya station, at the Russian end of the pipeline.
Gazprom started cutting supplies through Nord Stream 1 in mid-June. It cited technical problems that German authorities have dismissed as cover for a political power play. In recent weeks, Nord Stream 1 has been running at only 20% of capacity.
Russia, which before the reductions started accounted for a bit more than a third of Germany’s gas supplies, has also reduced the flow of gas to other European countries which have sided with Ukraine in the war.
Natural gas is used to power industry, heat homes and offices, and generate electricity. Increasing the amount in reserve has been a key focus of the German government since Russia invaded Ukraine, to avoid rationing for industry as demand rises in the winter.
In July, the government moved to tighten storage requirements. It introduced a requirement for storage to be 75% full by Sept. 1 — a target that already has been surpassed — and raised the targets for October and November to 85% and 95%, respectively, from 80% and 90%.
As of Wednesday, Germany’s storage facilities were over 83% full. Chancellor Olaf Scholz said his government had done well to act early, when “not everyone was sure we might have a problem.”
While Germany looks to store gas and diversify its supplies, it also is among countries pushing for an urgent redesign of the European electricity market to decrease the influence of soaring gas prices on the cost of energy.
“The pressure is so great that I am really very confident that it will be done quickly,” he said Wednesday, without specifying whether changes will be in place this winter. European Commission President Ursula von der Leyen pledged reform on Monday.
The European Union’s energy commissioner, Kardi Simson, said Wednesday that the 27-nation bloc already had reached its goal of filling gas storage to 80% of capacity ahead of the winter months. The target date was Nov. 1.
EU member Hungary, which has been close to Russia and insisted on a temporary exemption from the bloc’s embargo on Russian oil, is getting more gas from Moscow.
Hungarian Foreign Minister Peter Szijjarto said on Facebook Wednesday that Gazprom will deliver up to 5.8 million cubic meters per day in September and October on top of the amounts already outlined in a long-term agreement between the two countries, Hungarian news agency MTI reported.
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Follow AP’s coverage of the Russia-Ukraine war at https://apnews.com/hub/russia-ukraine | https://cw33.com/business/ap-business/ap-russia-temporarily-stops-gas-flow-through-nord-stream-1/ | 2022-09-01T03:43:40Z |
MAJURO, Marshall Islands, Aug. 11, 2022 /PRNewswire/ -- Gate.io Group announced that its Malta-based entity, Gate Technology Ltd., has obtained a Virtual Financial Assets (VFA) Service Provider license in Malta. Branded as Gate Malta, it's now allowed to operate a VFA Exchange and offer custodian services in or from Malta. In addition, Gate.io Group has begun expanding its Malta-based team to bolster localized business operations.
Dr. Lin Han, the Founder and CEO of Gate.io Group, said, "Malta is an early pioneer in regulatory frameworks that enable increased reliability and safety in the industry. Entering Malta marks the start of a push to meet regulations throughout the EU. We look forward to upholding our commitments to user welfare and responsible services, made possible in part by the country's healthy regulatory environment."
Malta was among the first countries to implement regulations for cryptocurrency-related activities. As a result, the tiny Mediterranean island nation has attracted crypto businesses worldwide seeking to meet the country's all-encompassing crypto legal framework.
Acquisition of the license, which is explicitly intended for VFA services, comes alongside a push by Gate.io Group to bolster user trust, forge new partnerships, and expand the accessibility of its comprehensive trading services. Obtaining licenses and meeting compliance is critical in cementing Gate.io Group as a reliable and well-regulated global digital asset service provider.
Gate.io Group has established a local office to ensure compliant operations and to provide resources to meet the needs of the local crypto ecosystem.
Through this new license, Gate.io Group is showing that it plays by the rules through its nine-year history of safe and reliable service and meeting compliance in regions with clear and well-rounded regulations. "Malta is an important first step in our European expansion and part of our broader global strategy. As we continue to accelerate expansion, more good news will come," said Dr. Lin Han.
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SOURCE Gate.io | https://www.kxii.com/prnewswire/2022/08/11/gateio-group-receives-vfa-class-4-license-malta-marking-strong-start-europe/ | 2022-08-11T07:36:22Z |
DALLAS (KDAF) — In the mood for a salad? Well, one thing’s for sure if you are then you’re probably expecting some yummy little crispy croutons with it.
May 13 is National Crouton Day! If you want to do the homemade route and make your own salad and croutons get the kitchen ready to fry ’em, bake ’em and even get some specific flavors into a salad’s best friend.
Now, we know that not everyone has the time to do such things so, we checked out Tripadvisor’s list of the best salads around Dallas for you to enjoy:
- rise n°1
- Jimmy’s Food Store
- Toulouse Cafe and Bar
- Eatzi’s Market & Bakery
- Saint Martin’s Wine Bistro
- Cafe 43
- Kenny’s Wood Fired Grill
- Uchi Dallas
- Truluck’s Ocean’s Finest Seafood & Crab
- Ocean Prime
For more from Tripadvisor, click here. | https://cw33.com/lifestyle/food-and-drink/top-salads-to-eat-around-dallas-according-to-tripadvisor/ | 2022-05-13T17:37:41Z |
ORLANDO, Fla., June 2, 2022 /PRNewswire/ -- June is National Homeownership Month, a time of year when Florida Realtors®, Realtors® across the U.S. and others celebrate the importance of owning a home and the impact it has on the lives of American families, local communities and the nation's economic health. This month marks the 20th anniversary of National Homeownership Month.
"Buying a home is often the biggest financial investment someone may make in their lifetime – but it's so much more than that," says 2022 Florida Realtors President Christina Pappas, vice president of the Keyes Family of Companies in Miami. "Our homes offer a sense of place and community – it's where we share our lives, build our futures together and make priceless memories.
"Opening the door to homeownership assists families in finding security and stability. It gives families a place to call their own and builds strong communities. Every day, Realtors in Florida promote housing opportunities and help people realize the American dream of homeownership."
For generations of families, homeownership has been essential to their plans for their lives and their futures. Beyond the emotional benefits, homeownership builds household wealth. A homeowner's average net worth in 2021 was $300,000 – nearly 38 times that of a renter at $8,000, according to recent research from the National Association of Realtors®.
President Joe Biden has issued a proclamation recognizing June as National Homeownership Month, showcasing homeownership as a source of economic strength and emphasizing the need to increase the ranks of homeowners, especially among minorities. According to the U.S. Census Bureau, the homeownership rate in Florida was 67.3% in first quarter 2022; the U.S. homeownership rate was 65.4% for the same period.
This national spotlight on homeownership began as a weeklong recognition in 1995 and was first proclaimed to last the entire month in June 2002 under former President George W. Bush.
With the help of materials from Florida Realtors, Realtors are celebrating this June as Homeownership Month with homebuyers and sellers in communities across Florida.
The U.S. Department of Housing and Urban Development (HUD) offers more information about National Homeownership Month highlights. HUD also provides assistance and helpful info on homeownership, housing policies, programs, counseling and more at: https://www.hud.gov/
Florida Realtors® serves as the voice for real estate in Florida. It provides programs, services, continuing education, research and legislative representation to its 225,000 members in 51 boards/associations. Florida Realtors® Newsroom is available at http://floridarealtors.org/newsroom.
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SOURCE Florida Realtors | https://www.mysuncoast.com/prnewswire/2022/06/02/florida-realtors-june-is-national-homeownership-month/ | 2022-06-02T14:23:43Z |
- Genesis Donates $25,000 to the College of Science, Technology, Engineering and Math at Alabama State University and East Coast Chapter Tuskegee Airmen, Inc.
MONTGOMERY, Ala., Aug. 5, 2022 /PRNewswire/ -- Genesis Motor America's corporate social responsibility initiative, Genesis Gives, donated a total of $50,000 to two esteemed organizations in Alabama to provide scholarships in the areas of science, technology, engineering and mathematics (STEM). Alabama State University (ASU) received $25,000 and the East Coast Chapter Tuskegee Airmen Inc. (ECCTAI) received a $25,000 donation from Genesis Gives. Ceremonial checks were presented to ASU and ECCTAI at Hyundai Motor Manufacturing Alabama in Montgomery, Alabama.
"Genesis recognizes the impact STEM and STEAM education have on cultivating a lifelong love of learning among the next generation of students," said Brandon Ramirez, director, corporate social responsibility and external relations, Genesis Motor North America. "Genesis Gives is committed to investing in and providing opportunities for the future workforce in all communities."
The College of Science, Technology, Engineering and Math (CSTEM) at ASU offers bachelor's, master's and doctoral degree programs across various departments, producing some of the nation's outstanding scientists, including biologists, physical scientists, chemists, computer scientists, mathematicians, technologists and engineers among others. ASU's CSTEM graduates are skilled in critical thinking, leadership, creative design and the application of technological and scientific solutions to complex and challenging problems.
This donation will allow ASU to assist CSTEM students with financial needs such as tuition, fees, books and academic supplies. It will also provide tutors for students who may need additional assistance in some courses.
The East Coast Chapter of Tuskegee Airmen, Inc. supports many educational, charitable and philanthropic activities in Alabama. It supports the national goals of Tuskegee Airmen, Inc., to motivate, inspire and stimulate young people's minds to aspire to, seek and achieve successful careers in the fields of aviation and aerospace. This donation will provide STEM scholarships ranging from $1,500 to $2,500 for its program's deserving college-bound high school graduates.
Genesis Gives provides STEAM scholarships to support learning in the areas of sciences, technology, engineering, art and mathematics.
Genesis Gives
Genesis Gives is a corporate social responsibility initiative from Genesis Motor North America. Expanding on the brand's commitment to the highest standards of performance and its athletic elegance design identity, Genesis Gives supports nonprofit organizations with the goal of improving access to, and performance in, youth sports and STEAM education in under resourced communities.
Genesis Motor North America
At Genesis, we put the customer at the center of every decision we make. Genesis is a global automotive brand that delivers the highest standards of performance, design, safety, and innovation while looking towards a more sustainable future. Genesis designs customer experiences that go beyond products, embodying audacious, forward-thinking, and distinctly Korean characteristics within its unique Athletic Elegance design identity. With a growing range of award-winning models — including the 2022 MotorTrend SUV of the Year, GV70, along with G70, G80, G90, GV60, and GV80 — Genesis aims to lead the age of electrification by focusing on a dual electrification strategy involving fuel-cell and battery EVs, starting with its Electrified G80 and GV60 electric models. Genesis has stated its commitment to becoming an all-electric vehicle brand by 2030 and to pursuing carbon neutrality by 2035.
Please visit our media site for the latest news at www.genesisnewsusa.com (United States) and www.genesisnews.ca (Canada).
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SOURCE Genesis Motor America | https://www.wibw.com/prnewswire/2022/08/05/genesis-gives-donates-50000-support-stem-education-alabama/ | 2022-08-05T16:48:40Z |
- The Company plans to separate into three independent companies, by spinning off its U.S., Canadian, and Caribbean cereal and plant-based businesses, which collectively represented approximately 20% of its net sales in 2021
- The remaining business, which represented about 80% of net sales in 2021, is focused on global snacking, international cereal and noodles, and North America frozen breakfast
- This transaction represents another bold action toward transforming Kellogg's portfolio to further enhance performance and value
- The proposed separations create greater strategic, operational, and financial focus for each company and its stakeholders, and will build on Kellogg's current momentum
BATTLE CREEK, Mich., June 21, 2022 /PRNewswire/ -- Kellogg Company (NYSE: K) today announced that its Board of Directors has approved a plan to separate its North American cereal and plant-based foods businesses, via tax-free spin-offs, resulting in three independent public companies, each better positioned to unlock their full standalone potential. The three companies, whose names will be determined later, would be the following:
- "Global Snacking Co.", with about $11.4 billion* in net sales, will be a leading company in global snacking, international cereal and noodles, and North America frozen breakfast, with iconic, world-class brands and strong underlying growth momentum and profitability;
- "North America Cereal Co.", with about $2.4 billion* in net sales, will be a leading cereal company in the U.S., Canada, and Caribbean, with a portfolio of iconic, world-class brands and compelling opportunities for investment and profit growth; and
- "Plant Co.", with about $340 million* in net sales, will be a leading, profitable, pure-play plant-based foods company, anchored by the MorningStar Farms brand, with a significant opportunity to capitalize on strong long-term category prospects by investing further in North America penetration and future international expansion.
"Kellogg has been on a successful journey of transformation to enhance performance and increase long-term shareowner value. This has included re-shaping our portfolio, and today's announcement is the next step in that transformation," said Steve Cahillane, Kellogg Company's Chairman and Chief Executive Officer. "These businesses all have significant standalone potential, and an enhanced focus will enable them to better direct their resources toward their distinct strategic priorities. In turn, each business is expected to create more value for all stakeholders, and each is well positioned to build a new era of innovation and growth."
Strategic Rationale
In recent years, the Company has transformed its portfolio into one that has expanded geographically and shifted toward growing businesses, particularly in snacking categories. To achieve this, it has directed resources and investments toward growth categories and markets around the world, made several acquisitions and partnerships in emerging markets, and strengthened its snacks business through acquisitions, divestitures, and the freeing up of resources by exiting from direct-store delivery. The successful execution of these actions has expanded Kellogg's portfolio, resulting in a scaled global snacking business and significant emerging markets presence, complemented by strong and profitable breakfast and plant-based foods businesses. The outcome of these strategic actions has been improved growth in recent years, with momentum sustained into 2022.
After several years of transformation and improving results, the Company believes it is the right time to separate these businesses so they may pursue their particular strategic priorities.
As independent companies, all three businesses will be better positioned to:
- Focus on their distinct strategic priorities, with financial targets that best fit their own markets and opportunities;
- Execute with increased agility and operational flexibility, enabling more focused allocation of capital and resources in a manner consistent with those strategic priorities;
- Realize improved outlooks for profitable growth; and
- Shape distinctive corporate cultures, rooted in Kellogg Company's strong values, and rewarding career paths for employees of each company.
The three companies, discussed under temporary names, will be:
Global Snacking Co.
The planned separations will result in a Global Snacking Co. that is expected to enhance its leadership position in the global snacking, international cereal and noodles, and North America frozen breakfast categories, by focusing investments and capital toward building upon its strong growth momentum and profitability.
Kellogg Company's three international regions – Europe, Latin America, and Asia Pacific, Middle East, and Africa ("AMEA") – will remain almost entirely intact within Global Snacking Co. Steve Cahillane will remain Chairman and Chief Executive Officer of Global Snacking Co.
Overview
- Global Snacking Co. had estimated 2021 net sales of $11.4 billion* and estimated EBITDA of approximately $2.0 billion* on an adjusted basis, based on preliminary allocation assumptions.
- Nearly 60% of its net sales come from global snacks, participating in growing categories and led by iconic, world-class brands including Pringles, Cheez-It, Pop-Tarts, Kellogg's Rice Krispies Treats, Nutri-Grain, and RXBAR, among others.
- Less than a quarter of its net sales come from cereal in international markets, featuring world-class brands such as Kellogg's, Frosties / Zucaritas, Special K, Tresor / Krave, Coco-Pops, and Crunchy Nut, among others. By remaining with Global Snacking Co., this international cereal business provides scale, continuity, and growth for the company's Europe, Latin America, and AMEA Regions.
- About 10% of its net sales come from noodles in Africa, a rapidly expanding business.
- The remainder, less than 10% of its net sales, comes from frozen breakfast and the world-class Eggo brand.
- Geographically, North America will represent just under half of net sales, emerging markets about 30% of net sales, and developed international markets more than 20% of net sales.
Outlook
- This business is expected to be a higher-growth company than today's Kellogg Company, featuring a more growth-oriented portfolio and aided by more focused resources and attention to brand building, innovation, and international expansion of world-class brands, and to building scale in emerging markets.
- This business is expected to expand profit margins through operating leverage, revenue growth management, productivity, and increasing emerging-markets scale.
North America Cereal Co.
The Company plans to separate North America Cereal Co. as an independent business through a tax-free spin-off. North America Cereal Co. is a leader in cereal in the U.S., Canada, and Caribbean, with beloved brands, a heritage of innovation, and more than a century of operational success. As a standalone company, North America Cereal Co. will have greater strategic focus and operational flexibility, and will direct capital and resources toward unlocking growth, regaining category share, and restoring and expanding profit margins.
The proposed management team for North America Cereal Co. will be announced at a later date.
Overview
- North America Cereal Co. had estimated 2021 net sales of $2.4 billion* and estimated EBITDA of approximately $250 million* on an adjusted-basis, based on preliminary allocation assumptions.
- The business is focused on ready-to-eat cereal in the U.S., Canada, and Caribbean.
- North America Cereal Co.'s portfolio is comprised of iconic, world-class brands such as Kellogg's, Frosted Flakes, Froot Loops, Mini-Wheats, Special K, Raisin Bran, Rice Krispies, Corn Flakes, Kashi and Bear Naked.
Outlook
- Near term, North America Cereal Co. will be focused on the restoration of inventory, profit margins, and share position following 2021 supply disruptions.
- Longer term, it will focus resources and strengthen the business through enhancing its portfolio, operating capabilities, and productivity.
- This business is expected to generate stable net sales over time, with improving profit margins that will drive profit growth, higher cash flow, and increased return on invested capital.
Plant Co.
The Company intends to separate Plant Co. as an independent business through a tax-free spin-off, while also exploring other strategic alternatives, including a possible sale.
Anchored by the leading MorningStar Farms brand, Plant Co. will be a profitable, pure-play, plant-based foods company. This business offers a full portfolio of plant-based offerings across multiple product segments and eating occasions. Kellogg has grown MorningStar Farms steadily since its acquisition over 20 years ago, and the brand now has the highest share and household penetration in the frozen vegetarian/vegan category.
The proposed management team for Plant Co. will be announced at a later date.
Overview
- Plant Co. had estimated 2021 net sales of $340 million and estimated EBITDA of approximately $50 million* on an adjusted-basis, based on preliminary allocation assumptions.
- The business is currently focused on the U.S., Canada, and Caribbean.
Outlook
- As an independent business, Plant Co. will have the opportunity to build on its strong base of growth and profitability, focusing its resources and investments towards capitalizing on strong category prospects, by building awareness and penetration in North America, and expanding internationally in the future.
- The business is expected to accelerate net sales growth over time, from previously disclosed portfolio-segment assumptions.
* All net sales and adjusted-basis EBITDA figures are based on the Company's 2021 unaudited results derived from internal management reporting, further adjusted for splits by brands and markets, as well as preliminary cost and expense allocations, including corporate expenses; these figures will be refined prior to the transactions. Please refer to the reconciliations of adjusted-basis EBITDA, a non-GAAP financial measure, to reported operating profit in this press release.
Headquarters Locations
North America Cereal Co. and Plant Co. will both remain headquartered in Battle Creek, Michigan. Global Snacking Co. will maintain dual campuses in Battle Creek and Chicago, Illinois, with its corporate headquarters located in Chicago. Kellogg Company's three international regions' headquarters in Europe, Latin America, and AMEA will remain in their current locations.
Transaction Details, Timing, and Future Updates
The proposed spin-offs are intended to result in tax-free distributions of North America Cereal Co. and Plant Co. shares to Kellogg Company shareowners. Shareowners would receive shares in the two spin-off entities on a pro-rata basis relative to their Kellogg holdings at the record date for each spin-off.
We expect the North America Cereal Co. spin-off may precede that of Plant Co., with both currently targeted to be completed by the end of 2023. The transactions will follow the satisfaction of customary conditions, including reviews and final approval by Kellogg's Board of Directors, receipt of an Internal Revenue Service ruling and relevant tax opinions with respect to the tax-free nature of the transactions, effectiveness of appropriate filings with the U.S. Securities and Exchange Commission, and the completion of audited financials of the independent companies.
Capital structures, dividends, governance, and other matters for each business will be announced at a later date. Management is committed to maintaining an investment-grade credit rating for Global Snacking Co. after the separations. In addition, the Company expects to maintain a strong aggregate dividend and return-on-capital profile across the three businesses. The independent dividend and capital structure policies for each business are expected to be competitive relative to their relevant peer sets.
The Company will begin incurring pretax expenses related to executing the transactions and setting up the companies. To ensure visibility into the ongoing results of the businesses, the Company will disclose these up-front costs and exclude them from its adjusted-basis results in its external reporting.
Goldman Sachs is serving as lead financial advisor, along with Morgan Stanley & Co. LLC, and Kirkland & Ellis LLP is acting as legal advisor.
The Company will provide updates throughout the process leading to the transactions. A dedicated website providing ongoing information about the transaction is available at unleashingourpotential.com.
Conference Call / Webcast
Kellogg Company will host a conference call/webcast to discuss the strategic rationale, the transaction timeline, and the resultant entities this morning, June 21, 2022, at 9:00am Eastern Daylight Time. The conference call and accompanying presentation slides will be webcast live over the internet at http://investor.kelloggs.com. Information regarding the rebroadcast is also available at http://investor.kelloggs.com.
About Kellogg Company
At Kellogg Company (NYSE: K), our vision is a good and just world where people are not just fed but fulfilled. We are creating better days and a place at the table for everyone through our trusted food brands. Our beloved brands include Pringles®, Cheez-It®, Special K®, Kellogg's Frosted Flakes®, Pop-Tarts®, Kellogg's Corn Flakes®, Rice Krispies®, Eggo®, Mini-Wheats®, Kashi®, RXBAR®, MorningStar Farms® and more. Net sales in 2021 were nearly $14.2 billion, comprised principally of snacks as well as convenience foods like cereal, frozen foods, and noodles. As part of our Kellogg's® Better Days ESG strategy, we're addressing the interconnected issues of wellbeing, climate and food security, creating Better Days for 3 billion people by the end of 2030. Visit www.KelloggCompany.com.
Forward-Looking Statements
This press release contains a number of forward-looking statements. Forward-looking statements include predictions of future results or activities and may contain the words "expect," "believe," "will," "can," "anticipate," "estimate," "project," "should," or words or phrases of similar meaning, including but not limited to: The anticipated separation of the Company's North American cereal and plant-based foods businesses, future operating and financial performance, product development, market position and business strategy. The viewer is cautioned not to rely on these forward-looking statements. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, and are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (1) the ability to effect the transactions described above and to meet the conditions related thereto, (2) the ability of the separated companies to each succeed as a standalone publicly traded company, (3) potential uncertainty during the pendency of the transactions that could affect the Company's financial performance, (4) the possibility that the transactions will not be completed within the anticipated time period or at all, (5) the possibility that the transactions will not achieve their intended benefits, (6) the possibility of disruption, including changes to existing business relationships, disputes, litigation or unanticipated costs in connection with the transactions, (7) uncertainty of the expected financial performance of the Company or the separated companies following completion of the transactions, (8) negative effects of the announcement or pendency of the transactions on the market price of the Company's securities and/or on the financial performance of the Company, (9) evolving legal, regulatory and tax regimes, (10) changes in general economic and/or industry specific conditions, (11) actions by third parties, including government agencies and (12) other risk factors as detailed from time to time in the Company's reports filed with the SEC, including the Company's Annual Report on Form 10-K, periodic Quarterly Reports on Form 10-Q, periodic Current Reports on Forms 8-K and other documents filed with the SEC. Copies of these filings are available online at www.sec.gov, www.investor.kelloggs.com or on request from the Company. The foregoing list of important factors is not exclusive. Any forward-looking statement made in this press release speaks only as of the date of this press release. The Company does not undertake to update any forward-looking statement as a result of new information or future events or developments.
Non-GAAP Financial Measures
In this press release, we sometimes use information derived from consolidated financial data based on preliminary allocation assumptions related to the spin-offs, but not presented in our financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). Certain of these data are considered "non-GAAP financial measures" under the U.S. Securities and Exchange Commission rules. These non-GAAP financial measures supplement our GAAP disclosures and should not be considered an alternative to the GAAP measure. Our management team consistently utilizes a combination of GAAP and non-GAAP financial measures to evaluate business results, to make decisions regarding the future direction of our business, and for resource allocation decisions, including incentive compensation. As a result, we believe the presentation of both GAAP and non-GAAP financial measures provides investors with increased transparency into financial measures used by our management team, especially in connection with the spin-offs, and improves investors' understanding of our underlying operating performance and in their analysis of ongoing operating trends. See the table under "Reconciliation of Non-GAAP Amounts – Reported Operating Profit to Adjusted EBITDA" within this release for important information regarding these measures.
[-FIN] [K-ER]
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SOURCE Kellogg Company | https://www.mysuncoast.com/prnewswire/2022/06/21/kellogg-company-announces-separation-two-businesses-bold-next-steps-portfolio-transformation/ | 2022-06-21T11:48:42Z |
KATY, Texas, Sept. 1, 2022 /PRNewswire/ -- Academy Sports and Outdoors, Inc. (the "Company" or "Academy") (Nasdaq: ASO) announced today that its Board of Directors declared a cash dividend with respect to the fiscal quarter ended July 30, 2022 of $0.075 per share of the Company's common stock. The dividend is payable on October 13, 2022, to stockholders of record as of the close of business on September 15, 2022.
About Academy Sports + Outdoors
Academy is a leading full-line sporting goods and outdoor recreation retailer in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to 263 stores across 17 states. Academy's mission is to provide "Fun for All" and Academy fulfills this mission with a localized merchandising strategy and value proposition that strongly connects with a broad range of consumers. Academy's product assortment focuses on key categories of outdoor, apparel, sports & recreation and footwear through both leading national brands and a portfolio of private label brands. For more information, visit www.academy.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Academy's current expectations and are not guarantees of future performance. You can identify these forward-looking statements by the use of words such as "outlook," "guidance," "believes," "expects," "potential," "continues," "may," "will," "should," "could," "seeks," "projects," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. The forward-looking statements include, among other things, statements regarding the payment of the dividend, including the timing and amount thereof, share repurchases, the Company's expectations regarding its future performance, and the Company's future financial condition to support future dividend growth and are subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. Actual results may differ materially from these expectations due to changes in global, regional, or local economic, business, competitive, market, regulatory and other factors, including ongoing inflation and continued increases in interest rates, many of which are beyond Academy's control. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in Academy's filings with the U.S. Securities and Exchange Commission (the "SEC"), including the Company's Annual Report on Form 10-K, under the caption "Risk Factors," as may be updated from time to time in our periodic filings with the SEC. Any forward-looking statement in this press release speaks only as of the date of this release. Academy undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.
Media inquiries:
Elise Hasbrook, Vice President Communications
281.253.8200
elise.hasbrook@academy.com
Investor inquiries:
Matt Hodges, Vice President Investor Relations
281.646.5362
matt.hodges@academy.com
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SOURCE Academy Sports + Outdoors | https://www.mysuncoast.com/prnewswire/2022/09/01/academy-sports-outdoors-announces-quarterly-cash-dividend/ | 2022-09-01T21:32:20Z |
BRAINTREE, Mass., Aug. 16, 2022 /PRNewswire/ --Big things are happening at Crews Consulting Group—including the company's brand new name. The Boston-based management consulting firm announced today their rebrand to Crews & co., an identity update reflecting their significantly expanded resources for supporting businesses that are ready to scale.
"Our firm has always looked at an entrepreneur's journey holistically, and we're able to do that better than ever before," says Founder and CEO Eric Crews. "We are here to offer clients all of the resources they need to grow a great business. The new branding reflects the ability to serve our clients throughout that journey, from establishing a senior leadership team to selling their company, if they choose to do so."
"It can be challenging to find the right resources to partner with as an entrepreneur" adds COO Marshall Gibbs. "We have continued to build our service offerings by listening and responding to what our clients need most. Crews & co. is deeply committed to giving the companies we work with every opportunity to succeed."
For seven-figure businesses seeking their first $10M, $20M, or $50M year, Crews & co. offers its proprietary Growth Method (previously known as GROWTH), a best-in-class business operating system designed to increase revenue, profit, and salable value.
The Growth Method was a vital driver in the Crews & co. rebrand decision. Built by entrepreneurs for entrepreneurs, the system leverages operational strength and strategic thinking to help businesses develop stronger company cultures, elevate net promoter scores, and enhance bottom lines.
"We recognized the need for a brand revitalization that expresses our passion for helping companies achieve their growth goals," says Kristen Sweeney, who runs the firm's marketing. "Crews & co. better reflects the services we're now able to offer clients and speaks to the continued growth we anticipate in the near future."
Along with its hallmark outsourced financial services, Crews & co. provides an array of additional services to help companies succeed, including recruiting, executive coaching, wealth management, mergers and acquisitions, HR solutions, content marketing, process development, and private equity partnerships.
"Our team of Growth Consultants, working in concert with specialized partners like our finance services division and other resources, provide clear pathways to better business-building," says Crews. "Through the Growth Method, we help companies improve people performance, build operational strength, develop winning go-to-market strategies, and charge their financial engines to achieve their long-term goals."
Contact:
Crews & co.
Crewsandco.com
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SOURCE Crews & co. | https://www.wibw.com/prnewswire/2022/08/16/crews-consulting-group-rebrands-crews-amp-co-leverages-proprietary-operating-system-growth-focused-business/ | 2022-08-16T20:52:51Z |
HOUSTON, Aug. 3 , 2022 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today reported results of operations for the three and six months ended June 30, 2022.
Presentation slides accompanying this earnings release are available on the Company's website at www.callon.com located on the "Presentations" page within the Investors section of the site.
Second Quarter 2022 and Recent Highlights
- Delivered production of approximately 100.7 MBoe/d (61% oil and 81% liquids) in the second quarter of 2022
- Increased Delaware Basin well productivity in 2022 by approximately 20% over 2021 as co-development offset spacing and completions initiatives are implemented
- Generated net cash provided by operating activities of $372.3 million and adjusted free cash flow of $125.6 million
- Reported net income of $348.0 million, or $5.62 per diluted share, adjusted EBITDA of $418.5 million, and adjusted income of $227.8 million, or $3.68 per diluted share
- Achieved an operating margin of $67.58 per Boe, a sequential increase of over 15%
- Executed a refinancing transaction that extended maturities and reduced term balances, with total debt balance of $2.5 billion at June 30 after continued debt reduction
"Callon continues to execute on important steps to solidify a foundation for durable free cash flow generation" said Joe Gatto, President and Chief Executive Officer. "In the inflationary environment that we operate in today, and likely for the foreseeable future, operating margins are critical to our cash generation objectives. In our most recent quarter, our operating margins increased to almost $70 per Boe produced, our eighth consecutive quarterly increase, which drove unhedged adjusted EBITDA of over $600 million. When our industry leading margins are combined with demonstrated well productivity gains in the Delaware and drilling and completion efficiencies across the portfolio, we expect to drive more efficient conversion of EBITDA into free cash flow. These cash flow benefits will be further enhanced in the near-term with a steadily decreasing impact of financial hedges and a reduced interest expense burden as debt continues to be reduced."
Callon Operations Update
At June 30, 2022, Callon had 1,377 gross (1,229.3 net) wells producing from established flow units in the Permian and Eagle Ford. Net daily production for the three months ended June 30, 2022 was 100.7 MBoe/d (61% oil and 81% liquids).
Production volumes for the quarter include the impact of the following items:
- Increased Workover Activity – Callon experienced a higher level of well failures than historical trends due to intermittent power disruptions and the timing of useful equipment lives. During these outages, Callon accelerated its artificial lift initiatives, which provide production and runtime benefits, primarily in Delaware Basin South. Given the additional time to complete these conversion and repair projects, which were roughly double the level executed in the first quarter, downtime was elevated in the second quarter. Portions of this activity were previously planned to occur later in the year and, as a result, workovers and associated downtime for this initiative should be reduced going forward relative to our previous forecast.
- Conversion of Midland Basin Gathering Contract – Natural gas and NGL volumes increased from the conversion of a Midland Basin gathering contract from a percentage of proceeds to fee-based which resulted in a reduction in oil cut for the quarter.
Operated drilling and completion activity for the three months ended June 30, 2022 are summarized in the table below:
For the three months ended June 30, 2022, Callon drilled 35 gross (32.6 net) wells and placed a combined 33 gross (29.1 net) wells on production. Completions operations for the quarter included 6 gross (5.9 net) wells in the Delaware Basin, 7 gross (6.3 net) wells in the Midland Basin, and 15 gross (13.0 net) wells in the Eagle Ford Shale. Callon placed 11 gross (10.1 net) wells on production in the Delaware Basin, 7 gross (6.0 net) wells in the Midland Basin, and 15 gross (13.0 net) wells in the Eagle Ford Shale. The average lateral length for the wells completed during the second quarter was 8,281 feet. Operated completions during the second quarter consisted of 4 Upper Wolfcamp A wells and 2 Lower Wolfcamp A wells in the Delaware Basin; 2 Lower Spraberry wells, 3 Wolfcamp A wells and 2 Wolfcamp B wells in the Midland Basin; and 15 lower Eagle Ford Shale wells.
Leverage and Liquidity Update
On June 9, 2022, Callon priced $600 million principal amount of 7.50% Senior Notes due 2030 in a private offering. On June 24, 2022, the Company deposited with the trustee the proceeds from the offering of the 7.50% Senior Notes due 2030, along with borrowings under the Credit Facility, to redeem all of its outstanding 6.125% Senior Notes due 2024 and 9.0% Second Lien Notes due 2025. As of June 30, 2022, the drawn balance on the facility was $779.0 million and cash balances were $6.1 million. The Company intends to continue its application of organic free cash flow towards repayment of debt balances related to the credit facility and other debt instruments.
Third Quarter Activity Outlook and Guidance
Callon is currently running six rigs, with three rigs in the Delaware Basin, two rigs in the Midland Basin and one rig in the Eagle Ford which the Company will be dropping in the coming days. Callon plans to utilize two to three completion crews for the third quarter, supporting new production across the Midland, Delaware and Eagle Ford positions.
For the third quarter, the Company expects to produce between 102 and 105 MBoe/d (63% oil) with between 38 and 42 gross wells (33 and 36 net) placed on production. In addition, Callon projects an operational capital spending level of between $245 and $255 million on an accrual basis.
For full year 2022, Callon is increasing the bottom end of its production guidance to between 102 and 105 MBoe/d (63% oil) to reflect underlying Permian well performance that is above expectations, and an increase in natural gas and NGL volumes from the Midland Basin gathering contract conversion. The revised guidance is available in the accompanying presentation.
Capital Expenditures
For the three months ended June 30, 2022, Callon incurred $237.8 million in operational capital expenditures on an accrual basis. Total capital expenditures, inclusive of capitalized expenses, are detailed below on an accrual and cash basis:
Hedge Portfolio Summary
As of July 29, 2022, Callon had the following outstanding oil and natural gas derivative contracts:
Operating and Financial Results
The following table presents summary information for the periods indicated:
Revenue. For the quarter ended June 30, 2022, Callon reported revenue of $760.3 million, which excluded revenue from sales of commodities purchased from a third party of $153.4 million. Revenues including the loss from the settlement of derivative contracts ("Adjusted Total Revenue") were $575.7 million, reflecting the impact of a $184.6 million loss from the settlement of derivative contracts. Average daily production and average realized prices, including and excluding the effects of hedging, are detailed above.
Commodity Derivatives. For the quarter ended June 30, 2022, the net loss on commodity derivative contracts includes the following (in thousands):
For the quarter ended June 30, 2022, the cash paid for commodity derivative settlements includes the following (in thousands):
Lease Operating Expenses, including workover ("LOE"). LOE for the three months ended June 30, 2022 was $72.9 million, or $7.96 per Boe, compared to LOE of $67.3 million, or $7.29 per Boe, in the first quarter of 2022. The sequential increase in LOE was primarily due to increases in workover costs as well as certain operating costs such as fuel, power and equipment rentals. The increase in LOE per Boe was due to the increases in operating costs mentioned above as well as the distribution of fixed costs spread over lower production volumes.
Production and Ad Valorem Taxes. Production and ad valorem taxes for the three months ended June 30, 2022 were approximately 5.9% of total revenue excluding revenue from sales of commodities purchased from a third-party and before the impact of derivative settlements, or $4.90 per Boe.
Gathering, Transportation and Processing. Gathering, transportation and processing expense for the three months ended June 30, 2022 was $23.3 million, or $2.54 per Boe, as compared to $20.8 million, or $2.25 per Boe, in the first quarter of 2022. This increase in gathering, transportation and processing expense was primarily due to a new contract entered into during the second quarter of 2022 as well as inflationary cost increases.
Depreciation, Depletion and Amortization ("DD&A"). DD&A for the three months ended June 30, 2022 was $11.94 per Boe compared to $11.15 per Boe in the first quarter of 2022. The increase in DD&A per Boe was primarily attributable to higher capital expenditures during the three months ended June 30, 2022 and increases in future development cost assumptions.
General and Administrative Expense ("G&A"). G&A for the three months ended June 30, 2022 and March 31, 2022 was $10.9 million and $17.1 million, respectively. G&A, excluding non-cash incentive share-based compensation valuation adjustments, ("Adjusted G&A") was $16.0 million for the three months ended June 30, 2022 compared to $14.3 million for the first quarter of 2022. The cash component of Adjusted G&A increased to $14.1 million for the three months ended June 30, 2022 compared to $13.0 million for the first quarter of 2022 primarily as a result of higher compensation costs during the quarter.
The following table reconciles total G&A to Adjusted G&A - cash component and full cash G&A (in thousands):
Income Tax. Callon provides for income taxes at the statutory rate of 21% adjusted for permanent differences expected to be realized. We recorded income tax expense of $3.0 million and $0.5 million for the three months ended June 30, 2022 and March 31, 2022, respectively. Since the second quarter of 2020, we have concluded that it is more likely than not that the net deferred tax assets will not be realized and have recorded a full valuation allowance against our deferred tax assets. As long as we continue to conclude that the valuation allowance is necessary, we will not have significant deferred tax expense or benefit.
Adjusted Income, Adjusted EBITDA and Unhedged Adjusted EBITDA. The following tables reconcile the Company's net income (loss) to adjusted income, adjusted EBITDA and unhedged adjusted EBITDA:
Adjusted Free Cash Flow. The following table reconciles the Company's net cash provided by operating activities to unhedged adjusted EBITDA, adjusted EBITDA and adjusted free cash flow:
Adjusted Discretionary Cash Flow. The following table reconciles the Company's net cash provided by operating activities to adjusted discretionary cash flow:
Adjusted Total Revenue. Adjusted total revenue is reconciled to total operating revenues, which excludes revenue from sales of commodities purchased from a third party, in the following table:
Net Debt. The following table reconciles the Company's total debt to net debt:
Non-GAAP Financial Measures
This news release refers to non-GAAP financial measures such as "adjusted free cash flow," "adjusted EBITDA," "unhedged adjusted EBITDA," "operating margin," "adjusted income," "adjusted income per diluted share," "adjusted diluted weighted average common shares outstanding," "adjusted discretionary cash flow," "adjusted total revenue," "adjusted G&A," "full cash G&A," and "net debt." These measures, detailed below, are provided in addition to, and not as an alternative for, and should be read in conjunction with, the information contained in our financial statements prepared in accordance with GAAP (including the notes), included in our filings with the U.S. Securities and Exchange Commission (the "SEC") and posted on our website.
- Adjusted free cash flow is a supplemental non-GAAP measure that is defined by the Company as adjusted EBITDA less operational capital expenditures (accrual), capitalized cash interest, capitalized cash G&A (which excludes capitalized expense related to share-based awards), and cash interest expense, net. We believe adjusted free cash flow provides useful information to investors because it is a comparable metric against other companies in the industry and is a widely accepted financial indicator of an oil and natural gas company's ability to generate cash for the use of internally funding their capital development program and to service or incur debt. Adjusted free cash flow is not a measure of a company's financial performance under GAAP and should not be considered as an alternative to net cash provided by operating activities, or as a measure of liquidity, or as an alternative to net income (loss).
- Callon calculates adjusted EBITDA as net income (loss) before interest expense, income tax expense (benefit), depreciation, depletion and amortization, (gains) losses on derivative instruments excluding net settled derivative instruments, impairment of evaluated oil and gas properties, non-cash share-based compensation expense, merger, integration and transaction expense, (gain) loss on extinguishment of debt, and certain other expenses. Adjusted EBITDA is not a measure of financial performance under GAAP. Accordingly, it should not be considered as a substitute for net income (loss), operating income (loss), cash flow provided by operating activities or other income or cash flow data prepared in accordance with GAAP. However, the Company believes that adjusted EBITDA provides useful information to investors because it provides additional information with respect to our performance or ability to meet our future debt service, capital expenditures and working capital requirements. Because adjusted EBITDA excludes some, but not all, items that affect net income (loss) and may vary among companies, the adjusted EBITDA presented above may not be comparable to similarly titled measures of other companies.
- Callon calculates unhedged adjusted EBITDA as adjusted EBITDA, as defined above, excluding the impact of net settled derivative instruments. Unhedged adjusted EBITDA is not a measure of financial performance under GAAP. Accordingly, it should not be considered as a substitute for net income (loss), operating income (loss), cash flow provided by operating activities or other income or cash flow data prepared in accordance with GAAP. However, the Company believes that unhedged adjusted EBITDA provides useful information to investors because it provides additional information with respect to our performance without the impact of our settled derivative instruments. Because unhedged adjusted EBITDA excludes some, but not all, items that affect net income (loss) and may vary among companies, the unhedged adjusted EBITDA presented above may not be comparable to similarly titled measures of other companies.
- Callon believes that operating margin is a comparable metric against other companies in the industry and is useful to investors because it is an indicator of an oil and natural gas company's operating profitability per unit of production. Operating margin is a supplemental non-GAAP measure that is defined by the Company as oil, natural gas, and NGL revenues sales price less lease operating expense; production and ad valorem taxes; and gathering, transportation and processing fees divided by total production for the period.
- Adjusted income and adjusted income per diluted share are supplemental non-GAAP measures that Callon believes are useful to investors because they provide readers with a meaningful measure of our profitability before recording certain items whose timing or amount cannot be reasonably determined. These measures exclude the net of tax effects of these items and non-cash valuation adjustments, which are detailed in the reconciliation provided. Adjusted income and adjusted income per diluted share are not measures of financial performance under GAAP. Accordingly, neither should be considered as a substitute for net income (loss), operating income (loss), or other income data prepared in accordance with GAAP. However, the Company believes that adjusted income and adjusted income per diluted share provide additional information with respect to our performance. Because adjusted income and adjusted income per diluted share exclude some, but not all, items that affect net income (loss) and may vary among companies, the adjusted income and adjusted income per diluted share presented above may not be comparable to similarly titled measures of other companies.
- Adjusted diluted weighted average common shares outstanding is a non-GAAP financial measure which includes the effect of potentially dilutive instruments that, under certain circumstances described below, are excluded from diluted weighted average common shares outstanding, the most directly comparable GAAP financial measure. When a net loss exists, all potentially dilutive instruments are anti-dilutive to the net loss per common share and therefore excluded from the computation of diluted weighted average common shares outstanding. The effect of potentially dilutive instruments are included in the computation of adjusted diluted weighted average common shares outstanding for purposes of computing adjusted income per diluted share.
- Adjusted discretionary cash flow is a supplemental non-GAAP measure that Callon believes provides useful information to investors because it is a comparable metric against other companies in the industry and is a widely accepted financial indicator of an oil and natural gas company's ability to generate cash for the use of internally funding their capital development program and to service or incur debt. Adjusted discretionary cash flow is defined by Callon as net cash provided by operating activities before changes in working capital and merger, integration and transaction expenses. Callon has included this information because changes in operating assets and liabilities relate to the timing of cash receipts and disbursements, which the Company may not control, and the cash flow effect may not be reflected the period in which the operating activities occurred. Adjusted discretionary cash flow is not a measure of a company's financial performance under GAAP and should not be considered as an alternative to net cash provided by operating activities, or as a measure of liquidity, or as an alternative to net income (loss).
- Callon believes that the non-GAAP measure of adjusted total revenue (which is revenue including the gain or loss from the settlement of derivative contracts) is useful to investors because it provides readers with a revenue value more comparable to other companies who engage in price risk management activities through the use of commodity derivative instruments and reflects the results of derivative settlements with expected cash flow impacts within total revenues.
- Adjusted G&A is a supplemental non-GAAP financial measure that excludes non-cash incentive share-based compensation valuation adjustments and adjusted G&A - cash component further excludes equity-settled, share-based compensation expenses. Callon believes that the non-GAAP measure of adjusted G&A and adjusted G&A - cash component are useful to investors because they provide for greater comparability period-over-period. In addition, adjusted G&A - cash component provides a meaningful measure of our recurring G&A expense.
- Full cash G&A is a supplemental non-GAAP financial measure that Callon defines as adjusted G&A – cash component plus capitalized G&A excluding capitalized expense related to share-based awards. Callon believes that the non-GAAP measure of full cash G&A is useful to investors because it provides a meaningful measure of our total recurring cash G&A costs, whether expensed or capitalized, and provides for greater comparability on a period-over-period basis.
- Net debt is a supplemental non-GAAP measure that is defined by the Company as total debt excluding unamortized premiums, discount, and deferred loan costs, less cash and cash equivalents. Net debt should not be considered an alternative to, or more meaningful than, total debt, the most directly comparable GAAP measure. Management uses net debt to determine the Company's outstanding debt obligations that would not be readily satisfied by its cash and cash equivalents on hand. We believe this metric is useful to analysts and investors in determining the Company's leverage position since the Company has the ability to, and may decide to, use a portion of its cash and cash equivalents to reduce debt. This metric is sometimes presented as a ratio with Adjusted EBITDA in order to provide investors with another means of evaluating the Company's ability to service its existing debt obligations as well as any future increase in the amount of such obligations. This ratio is referred to by the Company as its leverage ratio.
Earnings Call Information
The Company will host a conference call on Thursday, August 4, 2022, to discuss second quarter 2022 financial and operating results, outlook and guidance for the remainder of 2022, and current corporate strategy and initiatives.
Please join Callon Petroleum Company via the Internet for a webcast of the conference call:
Date/Time: Thursday, August 4, 2022, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time)
Webcast: Select "News and Events" under the "Investors" section of the Company's website: www.callon.com.
An archive of the conference call webcast will also be available at www.callon.com under the "Investors" section of the website.
About Callon Petroleum Company
Callon Petroleum Company is an independent oil and natural gas company focused on the acquisition, exploration and development of high-quality assets in the leading oil plays of South and West Texas.
Cautionary Statement Regarding Forward-Looking Information
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include all statements regarding wells anticipated to be drilled and placed on production; future levels of development activity and associated production, capital expenditures and cash flow expectations; the Company's production and expenditure guidance; estimated reserve quantities and the present value thereof; future debt levels and leverage; and the implementation of the Company's business plans and strategy, as well as statements including the words "believe," "expect," "plans," "may," "will," "should," "could," and words of similar meaning. These statements reflect the Company's current views with respect to future events and financial performance based on management's experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. No assurances can be given, however, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain factors. Any forward-looking statement speaks only as of the date on which such statement is made and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Some of the factors which could affect our future results and could cause results to differ materially from those expressed in our forward-looking statements include the volatility of oil and natural gas prices; changes in the supply of and demand for oil and natural gas, including as a result of the COVID-19 pandemic and various governmental actions taken to mitigate its impact or actions by, or disputes among members of OPEC and other oil and natural gas producing countries with respect to production levels or other matters related to the price of oil; our ability to drill and complete wells; operational, regulatory and environment risks; the cost and availability of equipment and labor; our ability to finance our development activities at expected costs or at expected times or at all; our inability to realize the benefits of recent transactions; currently unknown risks and liabilities relating to the newly acquired assets and operations; adverse actions by third parties involved with the transactions; risks that are not yet known or material to us; and other risks more fully discussed in our filings with the SEC, including our most recent Annual Reports on Form 10-K and subsequent Quarterly Reports on Form 10-Q, available on our website or the SEC's website at www.sec.gov. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
Contact Information
Kevin Smith
Director of Investor Relations
Callon Petroleum Company
ir@callon.com
(281) 589-5200
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SOURCE Callon Petroleum Company | https://www.mysuncoast.com/prnewswire/2022/08/03/callon-petroleum-company-announces-second-quarter-2022-results/ | 2022-08-03T22:14:12Z |
NEW YORK, April 25, 2022 /PRNewswire/ -- Attention MP Materials Corp. f/k/a Fortress Value Acquisition Corp. ("MP Materials") (NYSE: MP) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between May 1, 2020 and February 2, 2022.
If you suffered a loss on your investment in MP Materials, 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 MP Materials includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (i) Fortress Value Acquisition Corp. ("FVAC") had overstated its due diligence efforts and expertise with respect to identifying target companies to acquire; (ii) FVAC performed inadequate due diligence into Legacy MP Materials prior to the business combination, or else ignored significant red flags regarding, inter alia, Legacy MP Materials' management, compliance policies, and Mountain Pass's profitability; (iii) as a result, the Company's future business and financial prospects post-business combination were overstated; (iv) MP Materials engaged in an abusive transfer price manipulation scheme with a related party in the People's Republic of China to artificially inflate the Company's profits; (v) MP Materials' ore at the Mountain Pass Rare Earth Mine and Processing Facility was not economically viable to harvest for rare earth metals; and (vi) as a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE: April 25, 2022
Aggrieved MP Materials investors only have until April 25, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent Wong | https://www.mysuncoast.com/prnewswire/2022/04/25/class-action-alert-law-offices-vincent-wong-remind-mp-materials-investors-lead-plaintiff-deadline-april-25-2022/ | 2022-04-25T10:25:46Z |
- Agency to Support Hyundai's Multicultural Marketing Group in Reaching U.S. Hispanic Audiences
FOUNTAIN VALLEY, Calif., Aug. 11, 2022 /PRNewswire/ -- Hyundai Motor America has selected independent, Hispanic-owned and operated Lopez Negrete Communications as its U.S. Hispanic marketing agency of record. Lopez Negrete will provide strategic marketing solutions to reach and engage with diverse Latino audiences nationwide. The agency will begin general brand work immediately, followed by vehicle specific launches, beginning with the compact SUV Tucson. Hyundai has entered a multi-year agreement with Lopez Negrete following a competitive request for proposal (RFP) process.
"At Hyundai, our vision is progress for humanity, and that includes relating to multicultural communities in culture and in language," said Angela Zepeda, CMO, Hyundai Motor America. "We selected Lopez Negrete for its expertise in reaching today's multifaceted Hispanic segments in ways that truly connect with the vibrant and diverse cultures. We are excited to communicate with Latino audiences nationwide with a more strategic approach that makes us even more relatable."
"This is another important milestone in the history of our agency. To be selected as Hyundai Motor America's Hispanic Agency of Record at this time in their evolution as a brand and premier global automaker is a terrific honor. It will also be a joy to work with CMO Angela Zepeda and her truly diverse team, who are unquestionably committed to the segment, very much value and understand the power of multicultural insights and have a real grasp of the opportunity that exists within our market. There are very high standards and expectations, both creatively and strategically, and we're very excited that with the team we have in place, we are poised to overdeliver," stated Alex López Negrete, president and CEO of Lopez Negrete Communications.
Lopez Negrete applies cultural intelligence to inspire work that matters and engages today's Latino consumer. The nation's largest independent, Hispanic-owned and operated, full-service agency is known for breakthrough creative marketing campaigns that deliver maximum return. Lopez Negrete is a founding agency member of the ANA's Alliance for Inclusive and Multicultural Marketing (AIMM).
Lopez Negrete will collaborate with Hyundai to develop U.S. Hispanic marketing strategies, create new vehicle campaigns, provide experiential and social media strategy, and consult on media buying decisions. In addition to branding and product campaigns, Lopez Negrete will support future models and Hyundai Hope On Wheels activities.
Lopez Negrete Communications
Lopez Negrete Communications stands as the largest independent, Hispanic-owned-and-operated, full-service agency in the United States, specializing in providing marketing services to corporations wishing to reach and engage with America's large and influential Hispanic consumer segment. Founded in 1985 by Alex and Cathy López Negrete, the agency offers thought leadership and a full range of marketing, advertising, and communications services, including strategic planning, brand strategy, creative and production, research and consumer insights, media planning and buying, digital/social/mobile marketing services, public relations, and promotions. Award-winning throughout a rich, 37-year history, Lopez Negrete counts as clients some of the nation's largest corporations and their prestigious brands, such as Bank of America, Walmart, McDonald's, Hyundai Motor America, Sam's Club, Mattress Firm, Phillips 66 Company, Motiva Enterprises LLC, and United Airlines. With headquarters in Houston, Texas, Lopez Negrete employs over 100 professionals who are dedicated to delivering the promise of Maximum Return On Cultural Intelligence™ and is a founding agency member of both the Hispanic Marketing Council and the ANA's Alliance for Inclusive and Multicultural Marketing (AIMM).
Hyundai Motor America
Hyundai Motor America focuses on 'Progress for Humanity' and smart mobility solutions. Hyundai offers U.S. consumers a technology-rich lineup of cars, SUVs, and electrified vehicles. Our 820 dealers sold more than 738,000 vehicles in the U.S. in 2021, and nearly half were built at Hyundai Motor Manufacturing Alabama. For more information, visit www.HyundaiNews.com.
Hyundai Motor America on Twitter | YouTube | Facebook | Instagram | LinkedIn
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SOURCE Hyundai Motor America | https://www.kxii.com/prnewswire/2022/08/11/hyundai-motor-america-selects-lopez-negrete-communications-its-hispanic-marketing-agency-record/ | 2022-08-11T16:48:57Z |
Henry Founder & CEO Discusses 40 Years in the Firearms Industry
RICE LAKE, Wis., July 20, 2022 /PRNewswire/ -- Anthony Imperato, Founder and CEO of one of the country's leading firearms manufacturers, recently made a guest appearance on the Talking Lead podcast to discuss his time at the helm of Henry Repeating Arms and his 40 years in the firearms industry.
The 90-minute episode (#445) features an intimate conversation between Imperato and host Marty "Lefty" Holder, with topics spanning from the humble beginnings of Henry Repeating Arms to the company's current 25th anniversary $1,000,000 charity pledge to more personal dialogue about the challenges and issues facing Americans today. As a successful business owner with a decades-long family background in the gun business, Imperato contributes a unique point of view, and listeners will appreciate the transparency from one of America's leading firearm company executives.
Holder says, "In my more than ten years of interviewing people, Anthony Imperato must rank in my top five of the most pleasantly unexpected fun people to interview. His awareness and understanding of current social, political, and economic events keep him and his business ahead of the curve and in tune with his customers and employees." Holder continues, "Anthony's outlook on life, leadership, and generosity explains why Henry Repeating Arms is one of the most popular and respected firearms manufacturers in the USA."
To listen to Anthony Imperato's episode, visit Henry Repeating Arms' latest blog entry or find Talking Lead on the podcast service provider of your choice.
For more information about Henry Repeating Arms and its products, visit henryusa.com or call 866-200-2354 for a free catalog.
About Henry Repeating Arms:
Henry Repeating Arms is one of the leading rifle and shotgun manufacturers in the United States and a world leader in the lever action category. The company motto is "Made in America, or not made at all," and its firearms come with a lifetime guarantee backed by award-winning customer service. The company is also known for its Guns For Great Causes charitable program, which focuses on assisting the families of sick children, children's hospitals, military veteran organizations, Second Amendment advocacy groups, and wildlife conservation organizations. The company currently employs over 550 people and has over 330,000sf of manufacturing space in its Wisconsin and New Jersey facilities. The company is named in honor of Benjamin Tyler Henry, who invented and patented the Henry lever action rifle in 1860 – the first practical repeating rifle and America's unique contribution to the international stage of firearms design. Visit Henry Repeating Arms online at henryusa.com, on Facebook at facebook.com/HenryRepeating, and @henry_rifles on Instagram.
About Talking Lead:
Talking Lead is an award-winning podcast and YouTube channel about all things guns, gear, hunting, training, and some other stuff thrown in for fun. Interviews include people, products & companies not only from within but from outside the firearms industry. Visit Talking Lead online at talkinglead.com and subscribe to the podcast on all major podcast distribution platforms. Join Talking Lead on Facebook, Twitter, and Instagram.
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SOURCE Henry Repeating Arms | https://www.mysuncoast.com/prnewswire/2022/07/20/henry-repeating-arms-anthony-imperato-interviewed-talking-lead-podcast/ | 2022-07-20T15:21:24Z |
CAESAREA, Israel, May 31, 2022 /PRNewswire/ -- Max Stock Limited (TASE: MAXO) (the "Company") today reported financial results for first quarter ended March 31, 2022.
First Quarter 2022 Summary Compared with First Quarter 2021
- Revenue decreased 0.4% to ILS 250.9 million.
- Comparable store sales decreased 10%.
- Adjusted net income decreased 32.2% to ILS 20.9 million.
- Adjusted EPS1 (attributable to shareholders) decreased 32.2% to ILS 0.13
- Adjusted EBITDA2 decreased 25.1% to ILS 31.8 million.
The Company views comparison to the 2019 period to be more meaningful than the comparable 2021 period given the exceptional COVID-19 related consumer demand changes experienced in the same period in 2021.
First Quarter 2022 Summary Compared with First Quarter 2019
- Revenue increased 44.2%.
- Comparable store sales increased 22%.
- Adjusted net income increased 29.5%.
- Adjusted EPS1 (attributable to shareholders) increased 29.5%.
- Adjusted EBITDA2 increased 36.0%.
Ori Max, Founder and Chief Executive Officer, stated, "We achieved revenue largely in-line with the first quarter last year along with a strong operating cash-flow, despite the shift of Passover holiday sales into the second quarter this year. Our performance on a multi-year basis underscores the progress we have made expanding our market share and strengthening Max Stock's position as Israel's leading extreme value retailer. We have opened 5 new stores over the last four quarters and intend on continuing our store expansion in the coming years, while concurrently laying the groundwork for future growth engines. We look forward to creating enhanced value for our customers and our shareholders in the months and years ahead."
First Quarter Results
Revenue decreased 0.4% to ILS 250.9 million in the first quarter 2022 as compared with revenue of ILS 252.0 million in the first quarter 2021. The slight decrease over the same period last year was driven primarily by sales contributions from new stores, offset by difference in timing of the Passover holiday, which occurred in the first quarter of 2021 and the second quarter of 2022, respectively. Revenue in Q1 2022 increased 44.2% from ILS 174.0 million in Q1 2019.
Gross profit decreased 2.0% to ILS 97.8 million in the first quarter 2022 from ILS 99.8 million in the first quarter 2021. Gross margin was 39.0% as compared to 39.6% in the prior year period and 38.6% in the three year ago period. The 60-basis point change in gross margin year-over-year was due primarily to higher logistics costs. Gross profit in Q1 2022 increased 45.5% from ILS 67.2 million in Q1 2019.
Selling, general and administrative expenses increased to ILS 70.1 million in the first quarter 2022 from ILS 60.8 million in the first quarter 2021, primarily driven by an increase in salary and wage expenses, branch maintenance, depreciation of fixed property and amortization of right of use assets arising from opening new branches. Selling, general and administrative expenses in Q1 2019 were ILS 43.6 million. Selling, general and administrative expenses (including stock-based compensation) as a percentage of net sales in Q1 2022 were 27.9% compared with 24.1% in Q1 2021 and 25.1% in Q1 2019.
Adjusted net income decreased 32.2% to ILS 20.9 million, or ILS 0.13 per share, in the first quarter of 2022 as compared with adjusted net income of ILS 30.8 million, or ILS 0.18 per share, in the first quarter of 2021. Adjusted net income in Q1 2019 was ILS 16.2, or ILS 0.10 per share.
Adjusted EBITDA decreased 25.1% to ILS 31.8 million in the first quarter fiscal 2022 from ILS 42.4 million in the first quarter 2021. Adjusted EBITDA in Q1 2022 increased 36.0% from ILS 23.4 million in Q1 2019.
Balance Sheet, Cash Flow and Other Highlights
The Company's cash and cash equivalents balance at March 31, 2022 was ILS 60.9 million compared with ILS 50.3 million at December 31. The Company ended the first quarter of 2022 with total debt of ILS 77.6 million compared with total debt of ILS 70.5 million at the end of fiscal 2021.
Inventories at March 31, 2022 were ILS 219.1 million compared with ILS 213.7 million at December 31, 2021.
Operating cash flows in Q1 2022 were ILS 23.6 million compared with negative operating cash flows of ILS 18.5 million in the first quarter of 2021. The increase was primarily attributable to a decline in the Company's working capital relative to the same period last year in which the Company was building up on inventories due to a concern of delays with merchandise supplies on the backdrop of the global COVID-19 crisis.
On April 26, 2022, the Israel Tax Authority rendered a decision regarding a VAT assessment of transactions totaling approximately ILS 5.1 million, whereby all the Company's arguments were accepted, and the entire assessment charges were cancelled.
Conference Call Information
The Company will host a conference call on May 31, 2022 at 8:30 a.m. Eastern Standard Time to discuss fiscal 2020 results. There will be a slide presentation that accompanies the call. The slides and audio will be accessible through a live webcast at https://ir.maxstock.co.il/en/event-en/. Investors and analysts interested in participating in the call are also invited to dial (877) 407-9716 (US) or (201) 493-6779 (international) and entering the conference identification number: 13730079.
A telephone replay of the call will be available until June 7, 2022, (844) 512-2921 (US) or (412) 317-6671 (international) and entering the conference identification number: 13730079.
About Max Stock
Max Stock is Israel's leading extreme value retailer, currently present in 55 locations throughout Israel. We offer a broad assortment of quality products for customers' everyday needs at affordable prices, helping customers "Dream Big, Pay Small". For more information, please visit https://ir.maxstock.co.il
Forward-Looking Statements
It should be emphasized that this report includes forward-looking information as defined under the Securities Law, 5728-1968. Forward-looking information is uncertain information regarding the future, including forecasts, projections, estimates or other information which refer to a future event or matter, the eventuation of which is uncertain and/or not within the Company's control. The forward-looking information included in this report is based on the current information held by the Company or its current assessments, as of the publication date of this report.
Company Contacts:
Talia Sessler,
Chief Corporate Development and IR Officer
talia@maxstock.co.il
Ifat Nir Katz,
General Counsel and Corporate Secretary
ifat@maxstock.co.il
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SOURCE Max Stock Limited | https://www.kxii.com/prnewswire/2022/05/31/max-stock-limited-reports-first-quarter-2022-financial-results/ | 2022-05-31T06:47:12Z |
WASHINGTON, June 13, 2022 /PRNewswire/ -- The Association for Wholesaling Diversity (AWD) is a US based 501(c)(3) non-profit organization centered on black wholesalers in the financial services industry. After a two-year COVID hiatus, AWD will host its 6th National Assembly & Conference this year from June 16th to June 19th at The Westin Washington National Harbor.
AWD's "DMV Area Career Expo & Job Fair" features 11 Fortune 500 financial services firms hiring for roles in every department and hiring for locations worldwide and remote. The Career Fair is being held Saturday morning June 18th from 9:00 AM to Noon EST. All students, career changers, and job seekers from the Baltimore, DC, Maryland, and Virginia areas are encouraged to attend. Attendees may register online at: https://www.diversityinwholesaling.com/event-details/awd-national-career-expo
Founded in 2016, AWD consists of black wholesalers representing all companies, channels, regions, and products in the financial services industry. AWD's mission is: 1) strengthen and grow the community of black wholesalers we have built, 2) aid in the ongoing professional development of all black wholesalers, 3) continue leveraging and scaling up our combined networks to facilitate career advancement for all black wholesalers, and 4) recruit, train, and welcome black students, job seekers, and career changers into our thriving black wholesaler community.
"The difference between a moment and a movement is sacrifice. AWD embodies the collective sacrifice of hundreds of black wholesalers helping each other get better and advance. AWD also helps black college students embark on, then thrive in, this lucrative and fulfilling career called financial services wholesaling." –Ron Williams, ChFC, AWD Academic Outreach Committee Chairman
"Financial services wholesaling, like many financial services careers, is woefully underrepresented by black people, especially black women. AWD is squarely focused on the outcome we seek: black representation in financial services wholesaling that reflects, at minimum, the demographics of the United States at large." –Marlōn Hall, CFS, AWD Founder
About The Association for Wholesaling Diversity
The Association for Wholesaling Diversity is the world's first and only advocacy group for African American financial services wholesalers. Founded in January 2016, AWD today boasts over 600 members and is focused on building and strengthening the black wholesaling community, continuous improvement of their wholesaling craft through workshops and mentorship, ongoing career advancement of their members, and recruiting black talent into the wholesaling career path. Visit: diversityinwholesaling.org
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SOURCE Association for Wholesaling Diversity | https://www.mysuncoast.com/prnewswire/2022/06/13/financial-services-diversity-organization-hosts-career-fair-amp-national-conference-washington-dc/ | 2022-06-13T14:35:38Z |
24k Gold Hardware, 3 and 6-Second Dose Control, New Color & Plus w/ LRTE
LOS ANGELES, June 9, 2022 /PRNewswire/ -- Award-winning cannabis leader dosist™ today announced the launch of the all-new "dosist battery" for use with dosist pods, and premiere of the "Plus w/ LRTE Collection" creating the most advanced cannabis delivery system ever introduced for a superior dose-controlled experience.
Already acclaimed for its transformative sleek hardware and platform of precision dosing, dosist's all-new battery technology takes the delivery system experience to the next level. It's powered by a UL 1642 lithium-ion battery and features 24k gold connector pins for greater connectivity, stability and performance. The battery has also been upgraded with an advanced smart microprocessor for consistency and control, 3-second and 6-second dose options, a smart heat ramp for optimal temperature, and an easy-snap rechargeable system for convenience.
dosist also doubled down on its mission to create the world's best vaporization collection by combining best-selling, signature formulas: Bliss, Arouse, and Relax with the purest high-potency distillate (88% THC), and single strain live resin terpene extract (LRTE) for the new dosist Plus w/ LRTE Collection. The formulas and battery are available in dispensaries across California, including Actor Woody Harrelson's new "The Woods" dispensary in Hollywood.
"Our design and engineering team has long-been focused on innovating our portfolio to meet the needs of our customers and fans. The all-new dosist battery and Plus w/ LRTE Collection are essential in reaching that goal. Now, customers can shop our full-flavored targeted effect formulas in either the dosist pod and battery system, or our disposable Dose Pen system that is second to none," said dosist Founder and Executive Chairman Jason DeLand. "We're also excited to share that we've launched the battery and the Plus w/ LRTE Collection in new sleek black hardware, based on consumer feedback and demand. We're confident Californians are going to love this new vaporization system."
All-new dosist battery:
- 6-second dosist rechargeable battery - Black - ($10 MSRP)
Plus w/ LRTE Collection Overview:
- Bliss plus w/ LRTE - Pink Lemonade - 88%+ THC Sativa ($30 MSRP)
- Arouse plus w/ LRTE - Grape Ape - 88%+ THC Hybrid Sativa ($30 MSRP)
- Relax plus w/ LRTE - Triple Cream OG - 88+ THC Indica ($30 MSRP)
For more information, please visit: www.dosist.com.
Media inquiries, please contact: dosist@gallerypr.com.
dosist™, based in Los Angeles, California, launched in 2016 and has since become known as a disruptor in both the cannabis and health & wellness industries. dosist was named one of Time Magazine's Best Inventions, was recognized by Fast Company as one of the Top 10 Most Innovative Companies in the health sector, and was designated by LinkedIn as the number two Top Startups: Hottest U.S. Companies To Work For Now. dosist provides elevated consumer benefits and cannabis experiences through: their targeted formulations including bliss, sleep, calm, bliss plus, arouse plus, relax plus and their pure live resin products created in partnership with 710 Labs and Bear Extracts; and through their THC edibles delivering the world's first vegan, non-GMO, fast acting gummy collection. Their proprietary delivery devices include their all new medical-grade 6-second dose pen™ rechargeable and their all-in-one dose pen™, providing the best vaporization experiences on the market. For more information about dosist and its products, visit the website at dosist.com and follow the brand on Instagram @dosist.
Any claims in this release have not been reviewed by the FDA. Products are not intended to diagnose, cure or prevent any disease or illness.
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SOURCE dosist | https://www.mysuncoast.com/prnewswire/2022/06/09/dosist-invites-you-meet-most-advanced-cannabis-delivery-system-world/ | 2022-06-09T11:06:40Z |
CHARLESTON, S.C., Aug. 24, 2022 /PRNewswire/ -- EverGlade Consulting ("EverGlade"), a national consulting firm, has successfully partnered with a global leader in mRNA materials used for research, diagnostics, and therapeutics, to successfully manage $39 million in federal funding.
The IBX project will expand the domestic production capacity for materials that are critical to the development and manufacture of mRNA vaccines and therapeutics, including nucleoside triphosphates (NTPs) and mRNA capping reagents, through the construction of a new innovative facility. This government agreement includes funding for the planned expansion of Nucleic Acid Production capabilities.
There is a current substantial demand for a wide range of nucleic acid products in support of multiple COVID-19 mRNA vaccine programs. This IBx project will further prepare the U.S. for any future pandemic by enhancing the supplying of raw materials for use in life-saving vaccines, thus reinforcing vaccine production capabilities in the United States.
Under the agreement, $39 million was awarded for the production facility through the Joint Program Executive Office for Chemical, Biological, Radiological and Nuclear Defense (JPEO-CBRND) on behalf of the Biomedical Advanced Research and Development Authority (BARDA), within the US Department of Health and Human Services (HHS). The total investment for the facility is $78 million. BARDAs increased need for domestic development, rapid manufacturing, and distribution of vaccine products to respond to 21st century health security threats, has produced contract awards to combat issues such as COVID-19 through industrial base expansion initiatives.
Construction for the IBx facility is underway with occupancy planned for late this year.
"mRNA technology is the future and preparing the domestic supply chain for this technology is an essential part of the U.S. strategy to prepare for the next pandemic," commented Eric Jia-Sobota, Founder of EverGlade Consulting.
Construction for the IBx facility is underway with occupancy planned for late this year.
EverGlade Consulting is a national consulting firm that helps clients navigate the federal landscape. We are inspired by technology-driven companies whose focus is to secure non-dilutive funding through the federal government. We offer services ranging from proposal support through the implementation of systems to comply with federal regulations at agencies including BARDA, the DOD, HHS, NIAID, and DTRA.
For additional information about EverGlade Consulting, visit:
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SOURCE EverGlade Consulting | https://www.kxii.com/prnewswire/2022/08/24/everglade-consulting-plays-key-role-industrial-base-expansion-ibx-project-with-39-million-federal-funding-secured/ | 2022-08-24T11:01:12Z |
NEW ORLEANS, May 13, 2022 /PRNewswire/ -- Patients are turning to social media channels more and more frequently to learn about urological health, but the quality of information is highly variable and misinformation is prevalent. In fact, the most viewed videos about testosterone therapy and urinary tract infections feature home remedies versus consultation from a licensed healthcare provider.
Researchers will be presenting on these and similar social media trends at the 117th Annual Scientific Meeting of the American Urological Association (AUA). Stacy Loeb, MD, a professor of urology and population health at New York University (NYU) and the Manhattan Veterans Affairs Medical Center, will moderate a press session featuring the following four abstracts at the Ernest N. Morial Convention Center in New Orleans on May 13, 2022, at 1 p.m. CT.
Zhenyue Huang, MD, from Stony Brook University Hospital, studied the prevalence of misleading YouTube videos about UTIs and the dominance of home remedies versus videos featuring a urologist. "Urinary Tract Infection on Social Media: Examining YouTube Content As a Source of Patient Educational Information"
Dr. Huang and Justin Dubin, MD, from Northwestern University, investigated the quality of information for testosterone therapy on social media channels with their respective studies, "Systematic Evaluation of YouTube Content on Testosterone Therapy: The Proliferation of Bro-Science" and "The Broad Reach of Social Media as a Health Resource for Testosterone Information"
Black and Hispanic men remain underrepresented on YouTube and TikTok, and high-risk racial groups are not discussed in most videos despite the importance of screening criteria, according to recent research by Kara Watts, MD, from Albert Einstein College of Medicine. "Accuracy and Racial/Ethnic Representation of Prostate Cancer Screening Videos on YouTube and TikTok"
"These abstracts showcase that social networks such as YouTube, TikTok and Instagram are widely used as sources of information about urological health, including urinary tract infections, testosterone and prostate cancer screening," said Dr. Loeb. "However, the quality of information is highly variable and misinformation is prevalent. It is important for the public to be aware that popular online posts may not be accurate and to ask their healthcare providers for trusted sources of information."
About the American Urological Association: The 117th Annual Meeting of the American Urological Association takes place May 13-16 at the Ernest N. Morial Convention Center in New Orleans. Founded in 1902 and headquartered near Baltimore, Maryland, the American Urological Association is a leading advocate for the specialty of urology and has nearly 24,000 members throughout the world. The AUA is a premier urologic association, providing invaluable support to the urologic community as it pursues its mission of fostering the highest standards of urologic care through education, research and the formulation of health policy.
Caitlin Lukacs
Corporate Communications and Media Relations Manager
410-689-4081
clukacs@auanet.org
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SOURCE American Urological Association | https://www.mysuncoast.com/prnewswire/2022/05/13/social-networks-proliferate-urological-health-misinformation/ | 2022-05-13T18:39:50Z |
LEHIGH VALLEY, Pa., July 5, 2022 /PRNewswire/ -- Air Products (NYSE:APD) will release its fiscal 2022 third quarter financial results prior to market open on Thursday, August 4, 2022 and will review these results in a teleconference at 8:30 a.m. ET. The teleconference will be open to the public and the media in listen-only mode by telephone and Internet broadcast.
Live teleconference: 323-701-0160
Passcode: 5156956
Internet broadcast/slides: Available on the Event Details page on Air Products' Investor Relations website.
Telephone replay: 888-203-1112 (domestic) or 719-457-0820 (international)
Passcode: 5156956
Available from 12:30 p.m. ET on August 4, 2022 through 12:30 p.m. ET on August 11, 2022.
Internet replay: Available on the Event Details page on Air Products' Investor Relations website.
About Air Products
Air Products (NYSE:APD) is a world-leading industrial gases company in operation for 80 years. Focused on serving energy, environment and emerging markets, the Company provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemical, metals, electronics, manufacturing, and food and beverage. Air Products is also the global leader in the supply of liquefied natural gas process technology and equipment. The Company develops, engineers, builds, owns and operates some of the world's largest industrial gas projects, including: gasification projects that sustainably convert abundant natural resources into syngas for the production of high-value power, fuels and chemicals; carbon capture projects; and world-scale carbon-free hydrogen projects supporting global transportation and the energy transition.
The Company had fiscal 2021 sales of $10.3 billion from operations in over 50 countries and has a current market capitalization of about $55 billion. More than 20,000 passionate, talented and committed employees from diverse backgrounds are driven by Air Products' higher purpose to create innovative solutions that benefit the environment, enhance sustainability and address the challenges facing customers, communities, and the world. For more information, visit www.airproducts.com or follow us on LinkedIn, Twitter, Facebook or Instagram.
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SOURCE Air Products | https://www.kxii.com/prnewswire/2022/07/05/air-products-broadcast-fiscal-2022-third-quarter-earnings-teleconference-august-4/ | 2022-07-05T19:10:10Z |
CUPERTINO, Calif., June 3, 2022 /PRNewswire/ - (TSXV: BWK) (OTCQB: BLWKF) – Boardwalktech Software Corp. ("Boardwalktech"), a leading digital ledger platform and enterprise software solutions company, is pleased to announce the results of its 2022 Annual and Special Meeting of shareholders (the "Meeting") held at the law offices of the Company's outside counsel, Morton Law LLP, in Vancouver British Columbia on June 2, 2022. At the Meeting, all Director nominees listed in the Company's Management Information Circular dated April 26, 2022, were elected as directors of the Company.
The detailed results of the voting at the Meeting were as follows:
In addition, at the Meeting, shareholders appointed MNP LLP as auditors of the Company and approved an amendment to the Equity Incentive Plan.
The Company will also be participating in the following conferences to meet with a variety of retail, institutional, and family office investors.
The Investor Summit Group/Harbor Access Food & AgTech Conference
Date: June 8th, 2022, at 2:00 PM ET
Location: https://us06web.zoom.us/webinar/register/WN_woz1kY2TTBi_koFB0JJ77A
- 1x1s will be available for qualified investors
- The conference is completely complementary to qualified investors. Please register at Complimentary Investor Registration.
12th Annual LD Micro Invitational in Los Angeles, California – Taking place at the Four Seasons Westlake Village in Los Angeles, California, CEO Andy Duncan and CFO Charlie Glavin will be meeting 1-on-1 with investors as well as giving a live presentation at 11AM PST on Tuesday, June 7th. To register for the online portal please click here: https://ldinv12.mysequire.com/
The Inaugural Emerging Equities VIP Event at the RBC Canadian Open – St. George's Golf & Country just 15 minutes outside of Toronto, Ontario will be host to both the RBC Canadian Open and the Inaugural Emerging Equities VIP Event from June 9th to June 12th. Emerging Equities have reserved the Hall of Fame Suite for the entirety of the tournament and will be hosting a diverse group of High-Net-Worth Investors, Money Management Firms and Family Offices to meet with some of Canada's most exciting small and mid-cap companies across multiple sectors. Boardwalktech will be participating in the "Healthcare & Technology Day" on Thursday, June 9th. For more information, please click here: https://investor.events/event-details/rbc2022/
Boardwalktech has developed a patented Digital Ledger Technology Platform currently used by Fortune 500 companies running mission-critical applications worldwide. Boardwalktech's digital ledger technology and its unique method of managing vast amounts of structured and unstructured data is the only platform on the market today where multiple parties can effectively work on the same data simultaneously while preserving the fidelity and provenance of the data. Boardwalktech can deliver collaborative, purpose-built enterprise information management applications on any device or user interface with full integration with enterprise systems of record in a fraction of the time it takes other non-digital ledger technology-based platforms. Boardwalktech is headquartered in Cupertino, California with offices in India and operations in North America. For more information on Boardwalktech, visit our website at www.boardwalktech.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE BoardwalkTech | https://www.mysuncoast.com/prnewswire/2022/06/03/boardwalktech-announces-ags-meeting-results-upcoming-conference-participation/ | 2022-06-03T11:35:04Z |
$2.3 billion After-Tax NPV (8%) at Base Case metal prices
After-Tax IRR 18.1% at Base Case metal prices
Cashflow over the first four years of $951 million per year at Base Case metal prices
Base Case development contemplates 27-year mine life
Base Case metal prices: Cu: US$3.60/lb, Au: US$1,700/oz, Ag: US$22/oz, Mo: US$14/lb
VANCOUVER, BC, June 28, 2022 /PRNewswire/ - Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE: WRN) is pleased to release the results of its Feasibility Study (the "Study") on its wholly-owned Casino copper-gold-molybdenum deposit in the Yukon, Canada ("Casino" or the "Project"). The Study considered the Project being constructed as an open pit mine, with a concentrator processing 120,000 tonnes per day (t/d) to recover copper, gold, molybdenum and silver, as well as a 25,000 t/d oxide heap leach facility to recover gold, silver and copper.
The Study supersedes all previous studies and incorporates an updated mineral resource and mineral reserve with an effective date of April 29, 2022. The Study examines the development of the Casino Project, which comprises the processing of 1.43 billion tonnes of Mineral Reserve for both the mill and heap leach, with deposition of mill tailings and mine waste in the Tailings Management Facility ("TMF") consistent with the design concepts considered during the Best Available Tailings Technology ("BATT") Study as a base case development.
"The results from the Feasibility Study confirm the project's robustness and ability to withstand inflationary pressures.", said Paul West-Sells, President & Chief Executive Officer. "This Study reaffirms Casino as one of the very few long-life copper-gold projects with robust economics in a top mining district, the Yukon. We are continuing to collaborate with our strategic investor, Rio Tinto, and continue to engage with First Nations and community stakeholders to advance this project toward the submission of Casino's Environmental and Socio-Economic statement in mid-2023."
In this news release, unless otherwise indicated, all references to "$" are to Canadian dollars and references to "US$" are to United States dollars.
Base Case metal prices: Cu: US$3.60/lb, Au: US$1,700/oz, Ag: US$22/oz, Mo: US$14/lb.
The Study in general took the design from the 2021 Preliminary Economic Assessment ("PEA") and brought the engineering to a Feasibility Study level; however, there are some notable changes from the PEA.
Heap Leach Operation
Metallurgical results obtained in 2021 indicated that gold recovery from the heap leach could be increased from 70% as outlined in the PEA to 80% by crushing the ore going to the heap leach to a p80 of 16 mm. This updated gold recovery and crush size have been incorporated in the Feasibility Study along with additional capital for the crushing circuit.
This change, along with minor changes in grades and tonnage reporting to the heap leach pad, resulted in 20% greater gold predicted to be recovered through the heap leach circuit.
Milling Operation
Minor changes to the grades in tonnage treated through the mill resulted in 4.4% greater metal production predicted to be recovered through the heap leach circuit as compared to the PEA.
Cost Escalation
Due to inflation over the past 12 months since the PEA was issued, there were cost increases to certain capital and operating cost inputs. Items of particular note were diesel price, which saw a price increase of 40.3%, and steel, reflected by a price increase in grinding media of 33.2%.
The Study indicates that the potential economic returns from the Project justify its further development and securing of the required permits and licenses for operation.
The financial results of the Study were developed under commodity prices that were based on analyst projections of long-term metal prices and a CAN$:US$ exchange rate of 0.80 ("Base Case" prices).
The following table summarizes the financial results:
The financial results of the Study are significantly influenced by copper and gold prices, as is shown in the tables below:
*All other metal prices except those noted are the same as the Base Case.
Higher grade material is fed to the concentrator during the first four years of the concentrator operation. This factor, combined with the concurrent heap leach facility operation, results in higher yearly cash flows and other metrics during this period and contributes significantly to the Project's financial performance.
Total initial capital investment in the Project is estimated to be $3.62 billion, which represents the total direct and indirect cost for the complete development of the Project, including associated infrastructure and power plant. The following table shows how the initial capital is distributed between the various components.
Operating costs for the milling operation were calculated per tonne of material processed through the mill over the life of mine:
Heap leach operating costs were calculated per tonne of material processed through the heap leach over the life of the heap leach.
Mining costs were calculated to average $2.30 per tonne of material moved and $3.65 per tonne of mineralized material.
The combined mining and milling costs are $11.16 per tonne material milled for the life of mine, which compares favorably to the life-of-mine net smelter return of $29.08 per tonne at Base Case metal prices.
The Study evaluates the development of the Casino deposit as a conventional open pit mine, concentrator complex, and heap leach operation. The initial production will focus on the deposit's oxide cap as a heap leach operation to recover gold and silver in doré form. The main sulphide deposit will be processed using a conventional concentrator to produce copper-gold-silver and molybdenum concentrates. Key metrics of the processing plant are shown below:
*Heap leach first four years grades taken from the start of the heap leach.
The Mineral Resource has been updated for this Study, based on an updated resource block model developed during December 2021. The updated model incorporated 2020 drilling and updated geologic models that were not available for previous studies. The Mineral Resource includes Mineral Resources amenable to milling and flotation concentration methods ("Mill Material") and Mineral Resources amenable to heap leach recovery methods ("Leach Material"). Mill Material includes the supergene oxide ("SOX"), supergene sulphide ("SUS") and hypogene sulphide ("HYP") mineral zones.
Leach material is oxide dominant leach cap ("LC") mineralization. The emphasis of leaching is the recovery of gold in the leach cap.
The first two following tables present the Mineral Resource for mill and leach material. The third table presents the Mineral Resource for combined Mill and Leach Material for copper, gold, and silver. The Mineral Resource for molybdenum is as shown with Mill Material since it will not be recovered for leach material. The Mineral Resource is inclusive of the Mineral Reserve.
Mineral Resource for Mill Material at C$6.11 NSR Cutoff
Mineral Resource for Leach material at C$6.61 NSR Cutoff
Mineral Resource for Copper, Gold, and Silver (Mill and Leach)
The Mineral Reserve estimate is based on an updated open pit mine plan and mine production schedule using commodity prices of US$3.25 per pound copper, US$1,550 per ounce gold, US$12.00 per pound molybdenum and US$22.00 per ounce silver.
All of the mineralization comprised in the Mineral Reserve estimate with respect to the Casino Project is contained on mineral titles controlled by Western Copper and Gold. The following table presents the Mineral Reserve that is the basis for this Study.
Mineral Reserve
A new 132-km all-weather access road will be developed, extending from the end of the existing Freegold Road and generally following the alignment of the existing "Casino Trail" to the mine site. The Study assumed that concentrates will be transported, stored and loaded on ships via upgraded facilities provided by the Port of Skagway, Alaska. The Project operating cost estimate includes the anticipated concentrate handling service charges based on use of the upgraded facilities.
The Project is located within the traditional territory of Selkirk First Nation. Aspects of the Project impact the traditional territories of the Little Salmon/Carmacks First Nation, Tr'ondëk Hwëch'in, Kluane First Nation and White River First Nation. The nearest communities are Pelly Crossing and the Village of Carmacks.
Western is committed to developing and operating the Project in a safe, ethical and socially responsible manner. Western has been consulting extensively on the Project since 2008, and First Nations and their technical advisors have participated directly in the refinement of the tailings and mine waste strategy at the Project, as reflected in the design presented in the Study.
Since 2006, Western has worked with over 50 different Yukon and First Nations joint venture companies during the development of the project. Western is active in the local community, with longstanding support and sponsorship of many local organizations and charities.
Building on over ten years of baseline and analysis, the Company has assembled a team of best-in-class technical experts to design and lead the Environmental Assessment through the Yukon Environmental and Socio-economic Assessment Board ("YESAB") panel process. Western continues to collaborate with First Nations and communities on valued environmental and socio-economic components and project design. As the Project is further refined, Western will continue to seek feedback from and partnerships with local First Nations and communities and is committed to developing the Project with First Nations' and local community input.
Western will hold a conference call on Tuesday, June 28, 2022 at 8 am Pacific Time (11 am Eastern Time) to discuss the Study.
Telephone access:
Vancouver local and International 1-604-638-5340
Toll Free North America: 1-800-319-4610
An archived recording of the conference call will be available by dialing 1-604-638-9010 or 1-800-319-6413 within North America, passcode is 7194. The call will be archived on the Company's website www.westerncopperandgold.com.
M3 Engineering & Technology Corporation ("M3"), a full-service Engineering, Procurement, Construction & Management firm, is recognized for its experience in copper processing and capabilities in the development and construction of mines and mineral processing plants. A technical report prepared in accordance to National Instrument 43-101 ("NI 43-101") by the following Qualified Persons will be posted on the Company's website (www.westerncopperandgold.com) as well as on SEDAR (www.sedar.com), and on EDGAR within 45 days:
- Daniel Roth, P.Eng., of M3 – Project infrastructure, capital costs, and economic analysis.
- Laurie Tahija, MMSA-QP, of M3 – Metallurgy, recovery methods, and process operating costs.
- Patrick Dugan, P.E., of M3 – Power plant and associated infrastructure.
- Michael G. Hester, F Aus IMM, of Independent Mining Consultants – Mineral Resources.
- John Marek, P.Eng., of Independent Mining Consultants – Mineral Reserves, mining methods and mining costs.
- Carl Schulze, P.Geo., of Aurora Geosciences – History, geology, exploration, drilling, sampling, and data verification.
- Daniel Friedman, P.Eng., of Knight Piésold Ltd. – Tailings and heap leach facilities.
- Scott Weston, P.Geo., of Hemmera – Environmental.
The Qualified Persons have reviewed and approved the scientific, technical, and economic information contained in this news release. Readers are encouraged to read the technical report in its entirety, including all qualifications, assumptions and exclusions that relate to the details summarized in this news release. The technical report is intended to be read as a whole, and sections should not be read or relied upon out of context.
Western Copper and Gold Corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.
The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project, using internationally recognized responsible mining technologies and practices.
For more information, visit www.westerncopperandgold.com.
On behalf of the board,
"Paul West-Sells"
Dr. Paul West-Sells
President and CEO
Western Copper and Gold Corporation
Cautionary Disclaimer Regarding Forward-Looking Statements and Information
This news release contains certain forward-looking statements concerning anticipated developments in Western's operations in future periods. Statements that are not historical fact are "forward-looking statements" as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" as that term is defined in National Instrument 51-102 ("NI 51-102") of the Canadian Securities Administrators (collectively, "forward-looking statements"). Certain forward-looking information should also be considered future-oriented financial information ("FOFI") as that term is defined in NI 51-102. The purpose of disclosing FOFI is to provide a general overview of management's expectations regarding the anticipated results of operations and capital expenditures and readers are cautioned that FOFI may not be appropriate for other purposes. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. These forward-looking statements may include, but are not limited to, statements regarding: mineral resource and reserve estimation; mine plan and operations; internal rate of return; sensitivities; net present value; potential recoveries; design parameters; economic potential; processing mineralized material; the potential of robust economics at Casino; advancing the Project through additional engineering and towards the next step in permitting and submission of an environmental and socio-economic effects statement; key changes to the TMF design; increases to the gold recovery in the heap leach; potential economic returns from the Project; estimated initial capital investment costs; estimated operating costs; estimated mining costs; development of the airstrip and all weather access road; anticipated concentrate handling service charges; developing and operating the Project in a safe, ethical and socially-responsible manner; plans for further development and securing the required permits and licenses for further studies to consider operation; market price of precious and base metals; or other statements that are not statement of fact. The material factors or assumptions used to develop forward-looking statements include prevailing and projected market prices and foreign exchange rates, exploration estimates and results, continued availability of capital and financing, construction and operations, the Company not experiencing unforeseen delays, unexpected geological or other effects, equipment failures, permitting delays, and general economic, market or business conditions and as more specifically disclosed throughout this document, and in the AIF and Form 40-F.
Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of Western and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; risks related to joint venture operations; risks related to cooperation of government agencies and First Nations in the development of the property and the issuance of required permits; risks related to the need to obtain additional financing to develop the property and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in Western's AIF and Form 40-F, and other information released by Western and filed with the applicable regulatory agencies.
Western's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and Western does not assume, and expressly disclaims, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
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SOURCE Western Copper and Gold Corporation | https://www.wibw.com/prnewswire/2022/06/28/western-copper-gold-announces-positive-feasibility-casino/ | 2022-06-28T11:22:31Z |
DOWNERS GROVE, Ill., Aug. 10, 2022 /PRNewswire/ -- Inpro/Seal, part of Dover Precision Components and Dover (NYSE: DOV), today announced the launch of its new magnetic bearing isolator, VBMag™, which utilizes magnetic force to create a liquid-tight seal and protect against lubrication loss and contamination ingress in challenging applications, such as flooded, high oil splash or oil mist environments.
"The VBMag Bearing Isolator combines decades of knowledge and engineering expertise to deliver a reliable, long-lasting, leak-free seal for a variety of challenging applications," said Chris Solfelt, Product Manager at Inpro/Seal. "The addition of VBMag expands Inpro/Seal's product portfolio, allowing us to better support our customers with the best bearing protection solution for any application."
With VBMag, there is zero shaft wear, making it the superior choice for applications that historically used elastomeric lip seals, which can wear quickly at the point of contact and damage the shaft. Engineered with rare Earth magnets and precision-manufactured components, the VBMag allows maximum lubrication to reach the faces, extending sealing life and reducing the need for unscheduled downtime and maintenance costs.
Bearing failure impacts equipment reliability across all industries and is a leading cause of equipment downtime and lost production. VBMag rounds out Inpro/Seal's bearing protection product line to offer customers a complete set of solutions.
To learn more about VBMag Bearing Isolators, please visit https://www.inpro-seal.com/en/products/extend-bearing-life/bearing-isolators/vbmag.html.
About Inpro/Seal:
The inventor of the original Bearing Isolator, Inpro/Seal® has been delivering innovative sealing solutions and outstanding customer service for more than 40 years. Their unique technologies increase the reliability of rotating equipment and provide real cost savings by improving the mean time between repairs (MTBR). Inpro/Seal's superior customer service and streamlined production processes allow for same- or next-day shipments on most products, even new designs. Headquartered in Rock Island, Ill., USA, Inpro/Seal maintains a global sales and distribution network to provide responsive, localized support to customers worldwide and manufactures in North America, Asia and Europe. Inpro/Seal is part of Dover Precision Components, an integrated provider of performance-critical solutions for rotating and reciprocating machinery. Additional information is available at www.inpro-seal.com.
About Dover Precision Components:
Dover Precision Components delivers performance-critical solutions for rotating and reciprocating machinery across the oil & gas, power generation, marine, industrial, chemical and general processing markets. Comprising the Waukesha Bearings, Bearings Plus, Inpro/Seal and Cook Compression brands, our portfolio includes hydrodynamic bearings, active magnetic bearings, system and bearing protection, and reciprocating compressor valves, sealing technologies, pistons, rods and more. Each solution is custom-engineered to provide optimum efficiency, reliability and productivity, and backed by comprehensive aftermarket services. Dover Precision Components serves its global customer base through facilities in North America, Europe, Asia and the Middle East, as well as technical sales representatives around the world. Additional information is available at doverprecision.com.
About Dover:
Dover is a diversified global manufacturer and solutions provider with annual revenue of approximately $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 65 years, our team of over 25,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.
Dover Precision Components Contact:
Robin Vodenlic
(281) 939-2450
rvodenlic@doverprecision.com
Dover Media Contact:
Adrian Sakowicz, VP, Communications
(630) 743-5039
asakowicz@dovercorp.com
Dover Investor Contact:
Jack Dickens, Senior Director, Investor Relations
(630) 743-2566
jdickens@dovercorp.com
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SOURCE Dover | https://www.mysuncoast.com/prnewswire/2022/08/10/inproseal-introduces-vbmag-bearing-isolator-address-growing-need-bearing-protection-flooded-mist-applications/ | 2022-08-10T21:39:10Z |
BRISTOL, Tenn., July 25, 2022 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, plans to announce its second quarter 2022 financial results before the market opens on Monday, August 8, 2022.
The company also expects to hold a conference call to discuss its second quarter 2022 results at 10:00 a.m. Eastern time on August 8. Participating on the call will be Alpha's chair and chief executive officer, David Stetson; president and chief financial officer, Andy Eidson; executive vice president and chief operating officer, Jason Whitehead; and executive vice president and chief commercial officer, Dan Horn.
The conference call will be available live on the investor section of the company's website at https://investors.alphametresources.com/investors. Analysts who would like to participate in the conference call should dial 877-407-0832 (domestic toll-free) or 201-689-8433 (international) approximately 15 minutes prior to start time.
About Alpha Metallurgical Resources
Alpha Metallurgical Resources (NYSE: AMR) is a Tennessee-based mining company with operations across Virginia and West Virginia. With customers across the globe, high-quality reserves and significant port capacity, Alpha reliably supplies metallurgical products to the steel industry. For more information, visit www.AlphaMetResources.com.
Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements are based on Alpha's expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Alpha's control. Forward-looking statements in this press release or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Alpha to predict these events or how they may affect Alpha. Except as required by law, Alpha has no duty to, and does not intend to, update or revise the forward-looking statements in this press release or elsewhere after the date this release is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this press release may not occur.
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SOURCE Alpha Metallurgical Resources, Inc. | https://www.kxii.com/prnewswire/2022/07/25/alpha-announce-second-quarter-2022-financial-results-august-8/ | 2022-07-25T12:58:22Z |
CASE Construction Equipment dealer network gets even stronger with the opening of new 48,800 square-foot facility with focus on new equipment sales, rental and service.
RACINE, Wis., June 8, 2022 /PRNewswire/ -- CASE Construction Equipment dealer ASCO Equipment Company (ASCO) has opened a new 48,800-square-foot facility in Little Elm, Texas to provide the growing Dallas-Fort Worth metroplex and Denton County with even stronger service, support, and equipment sales and rental. The new facility — the largest of ASCO's 24 locations — is a true equipment destination with an expansive showroom, 15,000 square feet dedicated to sales and rental, a 25,000-square-foot service shop that includes 14 super bays, 5,700 square feet of warehousing for parts, and a 3,000-square-foot outdoor wash bay.
"The team at ASCO has built a world-class construction equipment destination here in Dallas-Fort Worth that will serve as an excellent location to serve the explosive growth in the region," says Terry Dolan, vice president – North America, CASE Construction Equipment. "ASCO's commitment to people, service and support is evident in the thought and care that went into this facility's construction, and it will serve as a trusted base for new and used equipment sales, service and repair in the region."
The grand opening event was attended by leadership from CASE, CASE IH, CNH Industrial, as well as contractors and local dignitaries welcoming the new facility and recognizing ASCO's ongoing commitment to the region. It also serves as another example of the overall strengthening of the CASE dealer network throughout the entire country to better serve local, regional and nationwide construction businesses and interests.
"Little Elm and this facility represents our commitment to the business and service needs of the construction and agricultural markets in north Texas," says Steve Wright, president, ASCO. "This new facility allows us to provide a superior level of customer service in sales, rental, parts and service — and to do so in a way that honors our values-driven mission, our colleagues and our partners in the region."
For more information on ASCO and its work in the region, visit www.ascoeq.com.
CASE Construction Equipment is a global full-line manufacturer of construction equipment that combines generations of manufacturing expertise with practical innovation. CASE is dedicated to improving productivity, simplifying operation and maintenance while achieving lower total cost of ownership for fleets around the world. The CASE dealer network sells and supports this world-class equipment, by offering customized aftermarket support packages, hundreds of attachments, genuine parts and fluids as well as industry-leading warranties and flexible financing. More than a manufacturer, CASE is committed to giving back by dedicating time, resources and equipment to building communities. This includes supporting disaster response, infrastructure investment, and non-profit organizations that provide housing and resources for those in need.
CASE Construction Equipment is a brand of CNH Industrial N.V., a World leader in Capital Goods listed on the New York Stock Exchange (NYSE: CNHI) and on the Mercato Telematico Azionario of the Borsa Italiana (MI: CNHI). More information about CNH Industrial can be found online at http://www.cnhindustrial.com/.
ASCO was founded in 1960 as Associated Supply Company in Lubbock, Texas, by the late J.W. "Bill" Wright, as a Towmotor lift truck dealership and U.S. Army surplus equipment store. The company is currently led by Bill and Corinne's children, Brax Wright, Steve Wright, and Paula Key. Three of the third-generation work in the company today, along with more than 600 other teammates.
ASCO operates 24 locations in the Great State of Texas and Eastern New Mexico under the core values of Honor God, Develop People, Pursue Excellence, and Grow Profitably.
To learn more about ASCO Equipment, visit www.ascoeq.com.
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SOURCE CASE Construction Equipment | https://www.mysuncoast.com/prnewswire/2022/06/08/asco-equipment-opens-24th-location-supercharge-equipment-support-bolster-continuously-growing-construction-market-dallas-fort-worth-metroplex/ | 2022-06-08T18:14:21Z |
Located in Oman's capital city along the Sea of Oman, guests and residents alike will enjoy private beach access and savour picturesque mountain and sea views
TORONTO, May 5, 2022 /PRNewswire/ -- Leading luxury hospitality company Four Seasons Hotels and Resorts and Oman Tourism Development Company (OMRAN Group), the executive arm of the Sultanate of Oman for tourism development, announce plans for the upcoming Four Seasons Resort and Private Residences Muscat, Oman.
The luxury development will comprise of an urban style resort, perfect for business travellers or leisure guests looking to visit the historic sights of Oman's capital city – a rare opportunity to relish in the relaxing mountain and seaside setting. For those looking to make Four Seasons part of their everyday lifestyle, the project will also include a collection of Private Residences with sweeping views of the Sea of Oman.
"The Middle East continues to be an integral part of Four Seasons growth strategy, as we look for opportunities to offer unmatched Four Seasons experiences in exciting and dynamic destinations such as Muscat," says Bart Carnahan, President, Global Business Development and Portfolio Management, Four Seasons Hotels and Resorts. "We are excited to be a part of OMRAN Group's long-term vision for the future development of Oman's tourism landscape, further accelerating the strategic growth of its capital city and continuing to attract luxury guests and residents from around the world with a brand new Four Seasons offering."
Oman is located on the southeastern coast of the Arabian Peninsula, along the Sea of Oman. Muscat is an ancient city with a long history as an important port destination with a vibrant culture. The idyllic landscape is marked by the backdrop of the Al Hajar Mountains with unending views across the Arabian Sea. In addition to the tranquil setting, leisure travellers can enjoy local attractions such as myriad museums, mosques and heritage sites.
"Muscat is a destination filled with history, natural beauty, business, tourism, and so much more, and we look forward to showcasing all it has to offer through this exceptional new project with Four Seasons," says Dr. Hashil Obaid Al Mahrouqi, CEO of OMRAN Group. "By bringing this iconic brand to Muscat, we continue to drive forward the Oman Vision 2040 and our National Tourism Strategy, solidifying this wonderful country as a preeminent luxury destination for locals and global travellers alike."
Four Seasons Resort and Private Residences Muscat, Oman will be created through the redevelopment of a former yacht club and marina into 200 rooms and suites and 100 Private Residences. Guests and residents will enjoy access to a private beach, five dining outlets, and both indoor and outdoor pools with cabanas. In addition to water sports offered at the onsite beach, the resort will provide many additional activities for travellers of all kinds to experience through its tennis centre, spa and fitness facilities, and for younger guests, through a dedicated Kids For All Seasons and young adults centre.
The property will also feature extensive indoor and outdoor meeting and event spaces, as well as a bride's room, business centre, business departure lounge, and prayer rooms.
Residents will enjoy privacy and exclusivity while at home with a dedicated residential team offering Four Seasons legendary service, while also having access to the services and amenities of the neighbouring resort.
Four Seasons Resort and Private Residences Muscat, Oman joins Four Seasons growing collection of properties in the Middle East, including the upcoming Four Seasons Private Residences Dubai at Jumeirah and Four Seasons Hotel Diriyah, Saudi Arabia.
About Four Seasons Hotels and Resorts
Four Seasons Hotels and Resorts opened its first hotel in 1961, and since that time has been dedicated to perfecting the travel experience through continual innovation and the highest standards of hospitality. Currently operating 123 hotels and resorts, and 50 residential properties in major city centres and resort destinations in 47 countries, and with more than 50 projects under planning or development, Four Seasons consistently ranks among the world's best hotels and most prestigious brands in reader polls, traveller reviews and industry awards. For more information and reservations, visit fourseasons.com. For the latest news, visit press.fourseasons.com and follow @FourSeasonsPR on Twitter.
About OMRAN Group | Growth Through Tourism
OMRAN creates sustainable and authentic tourism assets, lifestyle communities and destinations that drive economic growth and contribute to the diversification of the economy. We achieve our mandate by acting alone or as a catalyst in bringing together the strength of Government with the entrepreneurship of the private sector.
We work with all stakeholders, partners, SMEs and local communities to ensure a positive physical, social, economic contribution to both the environment and people's lives while respecting the traditional culture and environmental values of Oman.
We are inspired by Oman's beauty, peace and hospitality
For more information, visit our website: Omran.om
Follow us on our social media: Twitter | Instagram | Facebook | Youtube
Contact: fourseasons@kwtglobal.com
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SOURCE Four Seasons Hotels and Resorts | https://www.wibw.com/prnewswire/2022/05/05/four-seasons-oman-tourism-development-company-omran-group-announce-plans-luxury-seaside-resort-private-residences-muscat/ | 2022-05-05T13:47:47Z |
LONDON (AP) — Thousands of people are returning to England’s Glastonbury Festival as the five-day music and performing arts event reopened Wednesday for the first time in three years after being disrupted by the COVID-19 pandemic.
The festival, which is marking its 50th anniversary, has 3,000 performers scheduled, including Billie Eilish, Diana Ross, Kendrick Lamar and Paul McCartney. McCartney’s weekend gig will make him, at age 80, the festival’s oldest solo headline performer.
Festival-goers started lining up to enter the gates at Worthy Farm in Somerset, southwest England, early Wednesday. Many struggled to get to the site because the festival coincided with the largest rail strike that Britain has seen in decades.
Just 60% of trains were expected to run on Wednesday, with more walkouts planned for Thursday and Saturday.
Hundreds of people waited with their bags at London’s Paddington Station to try to get on a train to the festival.
Camilla Seward, 26, described feeling “abject panic” when the rail strikes were announced.
“It is my first-ever actual festival. We bought the ticket nearly three years ago. I’ve been so stressed out about getting there that I haven’t even thought about who I am excited to see,” she said.
Jenna Conway, 30, thought she could beat travel disruption by getting to Paddington eaerly, but she and a friend were left queuing for hours.
“We got here three hours ahead of our train, we were stupid, we just thought we could jump on any train. We thought they would be kind because of the strikes, but they didn’t let us on, so now we wait,” she said.
Some 200,000 people are expected to attend the festival, which runs until Sunday.
“The wait has been so long and it’s just the biggest build up we’ve ever had,” festival organizer Emily Eavis said.
“Getting Paul McCartney for us is just the ultimate, just the person to have this year to actually bring this whole thing back and bring everybody together,” Eavis said. “And what better way to celebrate that than having Paul McCartney himself.” | https://cw33.com/entertainment-news/ap-entertainment/uks-glastonbury-festival-welcomes-back-fans-after-pandemic/ | 2022-06-23T00:08:41Z |
Kentucky community remembers fallen officers following deadly shooting
FLOYD COUNTY, Ky. (WYMT/Gray News) - People throughout Floyd County, Kentucky, are still mourning following a shootout that left three officers dead, one K-9 officer dead and five more officers wounded, WYMT reported.
Prestonsburg Police Chief Randy Woods says the officers killed in Thursday’s shooting were “irreplaceable.”
“That’s the definition of sacrifice above self because they give it all. They sacrificed their own lives in the service of others,” Woods said. “It’s irreplaceable. In this line of work, there’s not many. They call it a thin line for a reason, and our line just got thinner.”
The community is banding together, with hundreds of locals lining the roads for processions to welcome the fallen officers home. Officials say first responders are also coming together.
“There’s a law enforcement family out there. There’s an EMS family. There’s a first responder family, and they’re tight,” said Prestonsburg Mayor and former KSP Trooper Les Stapleton. “Regardless, it’s like brothers fighting sometimes, you know, that’s just what happens. They are going to carry on, you know, but when it comes down to it, it’s time. They’re all going to work with each other.”
Funeral arrangements for Captain Ralph Frasure, Officer Jacob Chaffins and Sheriff’s Deputy William Petry are set, but Woods said he will see his fellow officers again someday.
“I just want to see those smiling faces and those open arms again, because I know that they will be there,” Woods said. “I’d say they’ll be at the front of the line to be there to greet each and every one of us that love them so dearly.”
Stapleton says grief counseling will be scheduled in the following days and weeks to help those in the community during this troubling time.
The suspect, 49-year-old Lance Storz, started shooting Thursday when officers arrived. Floyd County Sheriff John Hunt says the deputies were trying to serve a court-issued warrant in a domestic violence situation.
Police say Storz used a rifle to fire multiple rounds at multiple police officers.
“Kentucky State Police Post 9 in Pikeville received a call for an officer assist for a shots-fired complaint,” Matt Gayheart with Kentucky State Police said “They responded out here. That situation turned into an active shooter.”
Kentucky State Police Troopers arrested Storz, and he was booked into jail early Friday morning.
He faces multiple charges, including two counts of murder of a police officer and two additional counts of attempted murder. He is also charged with assaulting a service animal.
His cash bond is set at $10 million.
Copyright 2022 WYMT via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/07/03/kentucky-community-remembers-fallen-officers-following-deadly-shooting/ | 2022-07-03T15:34:27Z |
NEW YORK, June 9, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for BABA, SIG, AMD, ROKU, and MSFT.
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SOURCE InvestorsObserver | https://www.kxii.com/prnewswire/2022/06/09/thinking-about-trading-options-or-stock-alibaba-signet-jewelers-advanced-micro-devices-roku-or-microsoft/ | 2022-06-09T14:06:16Z |
CARY, N.C., July 27, 2022 /PRNewswire/ -- As data deprecation draws near and the demise of the third-party cookie is imminent, marketers are developing a first-party data strategy to plan, personalize and activate customer engagements. For this next generation of marketing, a customer data platform (CDP) that empowers marketers with advanced AI and analytics capabilities will be crucial. SAS has been named a Leader in the 2022 Gartner® Magic Quadrant™ for Multichannel Marketing Hubs, with recognition based on its ability to execute and completeness of vision.
According to Gartner, "The multichannel marketing hub (MMH) [is] a technology that orchestrates a company's communications with and offers to customer segments across multiple channels. These include websites, mobile, social, direct mail, call centers, paid media and email. MMH capabilities also may extend to integrating marketing offers/leads with sales for execution in both B2B and B2C environments."
"Per market research company Insider Intelligence, the U.S. digital advertising market alone will exceed $300 billion by 2025," said Jonathan Moran, Head of MarTech Solutions Marketing at SAS. "With this accelerating spend, and the rapid merging of marketing and advertising technologies, customer data platforms embedded directly into multichannel marketing hubs that can access a myriad of owned and partner data sources will be critical to marketers globally."
Integrating Deep Customer Insights for Ultimate Campaign Foresight
In any modern marketing ecosystem, a customer journey can fork through online and print advertising, website visits and mailers, newsletters, reviews, ratings, public relations placements and much more. SAS experts feel that CDPs that juxtapose deep customer insights with customer experience against allocated marketing spend will convey enormous competitive advantage to organizations.
SAS' methods of delivering customer journey activation include the following:
- A comprehensive, omnichannel customer engagement suite powered by a real-time decision engine, AI and analytics
- Modular, flexible deployment options that construct workflows, campaigns and journeys across a single interface
- Embedded AI support for optimized testing and recommendations that maximize marketing investment
Furthermore, SAS Customer Intelligence 360 is calibrated with the knowledge that these insights will ultimately be based in first party data in the wake of data deprecation.
"Marketers need a CDP that can trace the customer's journey from multiple touchpoints and multiple channels, while prioritizing first party data from inside and outside the cloud," added Moran. "Now, we can embed channel specific campaigns into a larger customer journey to create consistent and compelling customer experiences that usher leads through the sales funnel. We feel our advanced integration makes marketers more efficient, more effective and ready for the post-data deprecation future."
For further analyst perspectives or to learn more about SAS Customer Intelligence 360, visit https://www.sas.com/en_us/solutions/customer-intelligence.html.
Required Disclaimer
Gartner and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About SAS
SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS gives you THE POWER TO KNOW®.
SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2022 SAS Institute Inc. All rights reserved.
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SOURCE SAS | https://www.kxii.com/prnewswire/2022/07/27/sas-named-leader-2022-gartner-magic-quadrant-multichannel-marketing-hubs/ | 2022-07-27T18:43:52Z |
Classes at Brigham Young University have just begun, and queer students are already being reminded of the complicated relationship they have with the private religious school.
When LGBTQ students, alumni and friends gathered off campus at a park in Provo, Utah, for a back-to-school event last weekend, they were met by dozens of protesters. Some openly carried handguns and others were carrying "God hates gays" signs and yelling, "There are no gays in heaven."
But soon, 12 people wearing 3-feet long "angel" wings shielded the Pride event attendees from the hate and showed them that more people stood with LGBTQ students than against them.
"When I saw the angels, to me, it was more than just angels. It was this way to physically embody and refute the claims that God hates gay people," said Maddison Tenney, a 23-year-old BYU student and one of the organizers of the event.
Tenney said the angel wings helped the "queens and kings" that were performing from seeing the protesters and kept the "queer kid safe." Most of the protesters, she said, left before the show ended.
Organizers had expected crowds of protesters and for weeks and they made sure that everything from costumes to the music played during the event and drag show was family friendly and would not go against church policies, Tenney said.
"We wanted this experience for both those on our side and those who are against us to understand that it wasn't that scary and that it was family friendly, and that just (as) they have their free speech, we have ours and both of us can coexist in the same space," said Tenney, who created the nonprofit and off-campus group RaYnbow Collective to support LGBTQ+ students at the university.
Provo Police Department Sgt. Shad Lefevre said there were about 100 protesters, including members of the student group BYU Conservatives and at least one other conservative group, both of which are not affiliated with the university. Ahead of the event, Lefevre said BYU Conservatives urged community members to join them in protest and met with police to discuss local laws.
"Their messages were very, very far in contrast but they both had messages they wanted to share," Lefevre said.
Lefevre, who was among the six police officers assigned to keep the event peaceful, said there was "some bumping and shoving" but confrontations deescalated and did not become violent.
A complicated history
LGBTQ students have long described their experience at the university owned by the Church of Jesus Christ of Latter-Day Saints as incredibly complex.
For years, queer students couldn't be open about their identities for fear of violating the university's student honor code, which is based on LDS principles. That changed in 2020 but the honor code still bans them from dating in public, holding hands and kissing their partners.
Last year, a student complaint prompted the US Department of Education's Office for Civil Rights to launch an investigation into whether BYU treated queer students differently. But in January, the investigation was dismissed with federal officials citing a religious exemption that BYU and other religious colleges and universities are subject to.
In a survey sent to BYU students in Spring 2021, about 8% of the 13,451 students who completed the survey identified themselves as being gay or lesbian, bisexual or of another sexual orientation.
The survey showed 74% of all respondents said they have experienced or witnessed "derogatory remarks about LGBTQ+ people."
Students and allies have found ways to support each other despite the university's strict rules. Tenney said faculty and staff members advocate for queer students and stand up for them if someone says something homophobic in class.
While no clubs for queer students are allowed to meet on campus, a group of BYU students called USGA, also known as Understanding Sexuality, Gender, and Allyship, has held weekly meetings elsewhere to offer "a safe space for open, respectful conversation on LGBTQ & SSA topics." The group is an "unofficial" group and "has never been an official club" at BYU, according to its website.
Late last month, the university removed pamphlets with off-campus resources for LGBTQ students from welcome bags intended to be distributed among new students.
Tenney said her organization paid and signed a contract with BYU's newspaper the Daily Universe, which was distributing the welcome bags, to include 5,000 flyers promoting a back-to-school pride night and copies of a guide of LGBTQ+ resources in the community.
"All students deserve better. And BYU should lead all Christian education and kindness and love and inclusion," Tenney says. "And if we're following the example of Jesus Christ, then there's nothing that should stop us from wanting to help educate and include other people."
Todd Hollingshead, a BYU spokesperson, told CNN the university decided to remove some materials "from an organization outside of the university."
"The decision to remove the materials by Student Life was based on the university's commitment to providing support through the Office of Belonging and our counseling services and not to allow outside entities to imply affiliation with or endorsement from the university," Hollingshead told CNN
Hollingshead says the Daily Universe is now "reviewing its approval process for advertising content," and says the person involved in advertising the resources has been reimbursed.
When the number of protesters increased considerably at the pride event last weekend, 12 people including parents of queer BYU students, alumni and allies in the community dressed as "angels" with large wings and formed a barrier to keep the groups separate, said Logan Bushman, a recent BYU grad who built the wings.
Similar angel wings have been used a number of times since 1999 when Romaine Patterson created them as a peaceful sign to push back against hate and to honor Matthew Shepard, a gay college student who was beaten to death in Wyoming in an attack that sent waves throughout the nation.
For Bushman and Tenney, seeing people wearing the angel wings was emotional. It was a public and uncommon display of love for the many LGBTQ students at BYU often feel unsafe or like they belong, they said.
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Common Stock Will Begin Trading on a Split-Adjusted Basis on August 31, 2022
CRANBURY, N.J., Aug. 19, 2022 /PRNewswire/ -- Palatin Technologies, Inc. (NYSE American: PTN), a biopharmaceutical company developing first-in-class medicines based on molecules that modulate the activity of the melanocortin and natriuretic peptide receptor systems, today announced that it intends to effect a 1-for-25 reverse split of its issued and outstanding common stock (the "Reverse Stock Split"). The Reverse Stock Split will become effective as of 5:00 p.m. Eastern Time on August 30, 2022 (the "Effective Date"), and the Company's common stock is expected to begin trading on a split-adjusted basis when the market opens on August 31, 2022.
At Palatin's Annual Meeting of Stockholders held on June 24, 2022 (the "2022 Annual Meeting"), the Company's stockholders approved the amendment to the Company's Amended and Restated Certificate of Incorporation to effect a reverse stock split of the Company's common stock at a ratio of not less than 1-for-10 and not more than 1-for-25, with such ratio and the implementation and timing of such Reverse Stock Split to be determined by the Company's Board of Directors in its sole discretion at any time prior to the first anniversary of the 2022 Annual Meeting.
The Board of Directors has now approved the implementation of a 1-for-25 Reverse Stock Split with the timing described above. The reverse stock split will reduce the number of shares of Palatin's common stock outstanding from approximately 231,774,000 shares to approximately 9,271,000 shares, but will not change the authorized number of shares of Common Stock, which will remain at 300,000,000 shares of Common Stock.
The Company's common stock will continue to trade on the NYSE American Stock Market under the symbol "PTN." The new CUSIP number for the common stock following the Reverse Stock Split will be 696077502.
The reverse stock split will affect all stockholders uniformly and will not alter any stockholder's percentage interest in the Company's equity, except to the extent that the reverse stock split would result in a stockholder owning a fractional share. No fractional shares will be issued in connection with the Reverse Stock Split. Stockholders who otherwise would be entitled to receive a fractional share will instead be entitled to receive cash (rounded down to the nearest cent, without interest and subject to applicable withholding taxes) in lieu of such fractional share from the Company's transfer agent, American Stock Transfer & Trust Company, LLC, in an amount equal to the product obtained by multiplying (a) the average closing price per share of the Company's common stock as reported on NYSE American for the five trading days prior to the Effective Date, by (b) the number of shares of common stock outstanding immediately prior to the Effective Date that were converted into fractional shares. Holders of the Company's common stock held in book-entry form or through a bank, broker or other nominee do not need to take any action in connection with the Reverse Stock Split. Stockholders of record will be receiving information from the Company's transfer agent regarding their common stock ownership post-Reverse Stock Split.
About Palatin
Palatin is a biopharmaceutical company developing first-in-class medicines based on molecules that modulate the activity of the melanocortin and natriuretic peptide receptor systems, with targeted, receptor-specific product candidates for the treatment of diseases with significant unmet medical need and commercial potential. Palatin's strategy is to develop products and then form marketing collaborations with industry leaders to maximize their commercial potential. For additional information regarding Palatin, please visit Palatin's website at www.Palatin.com and follow Palatin on Twitter at @PalatinTech.
Forward-looking Statements
Statements in this press release that are not historical facts, including statements about future expectations of Palatin, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term is defined in the Private Securities Litigation Reform Act of 1995. Palatin intends that such forward-looking statements be subject to the safe harbors created thereby. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause Palatin's actual results to be materially different from its historical results or from any results expressed or implied by such forward-looking statements. Palatin's actual results may differ materially from those discussed in the forward-looking statements for reasons including, but not limited to, results of clinical trials, regulatory actions by the FDA and other regulatory and the need for regulatory approvals, Palatin's ability to fund development of its technology and establish and successfully complete clinical trials, the length of time and cost required to complete clinical trials and submit applications for regulatory approvals, products developed by competing pharmaceutical, biopharmaceutical and biotechnology companies, commercial acceptance of Palatin's products, and other factors discussed in Palatin's periodic filings with the Securities and Exchange Commission. Palatin is not responsible for updating for events that occur after the date of this press release.
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SOURCE Palatin Technologies, Inc. | https://www.mysuncoast.com/prnewswire/2022/08/19/palatin-announces-intent-effect-reverse-stock-split/ | 2022-08-19T13:02:53Z |
An apparent fight at a birthday party in Indianapolis devolved into a shooting, leaving one person dead and five others wounded, police said.
Around 3:20 a.m. Sunday, officers responded to a banquet hall in the 4200 block of 38th Street, Indianapolis Metropolitan Police Department Lt. Shane Foley said.
"Preliminarily, detectives believe a birthday party was taking place at the event hall when a fight occurred and shots were fired," the police department said in a statement.
"Shots were fired both inside and outside the building. There are no individuals detained reference this incident."
One man died at the scene, Foley said. Police initially said four other people were wounded with non-life-threatening injuries, but later learned a fifth shooting victim also survived and checked into a hospital separately.
Anyone with information about the shooting can contact Crime Stoppers of Central Indiana anonymously at 317-262-8477. Information leading to a felony arrest could be eligible for a $1,000 reward.
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Encapsulated vitamin A product significantly outperforms commercial products
CAMBRIDGE, Mass., June 30, 2022 /PRNewswire/ -- Particles for Humanity has selected the final product and manufacturing process for its stable form of vitamin A, PFH-VAP, that will be used in commercial scaling. This achievement is a major grant milestone, triggering a $1 million payment.
At the end of 2021, Particles for Humanity transitioned from lab scale development to pilot manufacturing of PFH-VAP, increasing batch size 1,000-fold. The final product was selected for commercial scaling primarily because of its superior stability, the primary driver of cost-effectiveness. A common spray drying technique was selected for the manufacturing process because it is simpler, less expensive to operate, and more widely available than alternative methods. Commercial vitamin A powder with the highest stability must be produced using a more complex process, adding expense and constraining production locations.
PFH-VAP is being developed to fortify foods, like bouillon and wheat, that are widely consumed by people in Africa and South Asia, where vitamin A deficiency (VAD) is prevalent. 190 million school age children and 19 million pregnant women suffer from VAD, which causes night blindness, stunting, and death. Fortifying widely consumed foods is a proven strategy for reducing malnutrition at scale, but the instability and cost of vitamin A is an obstacle to wider adoption.
In the high temperature and high humidity environments present in parts of Africa and South Asia, commercially available products in some foods, including bouillon, lose large amounts of vitamin A. This limits their ability to address VAD. In contrast, PFH-VAP has significantly better stability. After 9 months of storage in these harsh conditions, bouillon fortified with PFH-VAP contained more than twice as much vitamin A as a leading commercial formulation.
Particles for Humanity conducted its pilot scale up and product selection work in partnership with LIS by Lesaffre, a leader in contract spray drying for food ingredient clients. LIS is a subsidiary of Lesaffre Company, which operates 76 production sites and distributes its solutions in 185 countries. PFH selected LIS because they have facilities to support work from R&D through commercial scaling and can produce PFH-VAP at the very large volumes needed for large scale food fortification. Work with LIS began in July 2020 at their dedicated research facility, Powder StudioTM, and PFH has continued to partner with LIS during the transition to pilot scale.
"We are inspired to play a significant role in manufacturing this product, which can save many lives and contribute to the healthy growth of millions of children. We are confident in the smooth transition to commercial scale production, especially given the significant infrastructure already in place," said Francois Cachot, General Manager of LIS.
Particles for Humanity transforms early-stage medical technology into products for people living in low-resource settings. It is developing a portfolio of products with funding from the Bill & Melinda Gates Foundation, Mulago Foundation, and King Philanthropies. Its rigorous product development process is based on end-user input and is focused on financially sustainable product opportunities. For more information, visit the company's website www.particlesfh.com.
Please contact info@particlesfh.com for inquiries.
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SOURCE Particles for Humanity | https://www.wibw.com/prnewswire/2022/06/30/particles-humanity-selects-final-vitamin-product-process-commercial-scale-up/ | 2022-06-30T17:09:33Z |
Which Contigo coffee mug is best?
Contigo coffee mugs are reliable, durable and insulated to keep your beverages at the right temperature throughout the day. They’re also portable and resistant to leaks or spills, making them perfect for taking on your daily commute or use at the office. The best one is the Contigo Autoseal West Loop Vacuum-Insulated Travel Mug because it’s leakproof and comes in several designs and sizes.
What to know before you buy a Contigo coffee mug
Design
From travel cups to traditional coffee mugs, Contigo offers a wide range of insulated mugs that are portable and sturdy enough to take with you to work, school or anywhere else. Constructed out of food-grade stainless steel, these containers are durable and resistant to cracking or breaking.
Contigo mugs come in many shapes, most of which are on the taller side. They also have innovative design features that keep them well-insulated and prevent them from spilling or leaking.
Portability
Contigo coffee mugs are highly portable. Some have a convenient handle that makes carrying them easy. These handles are either at the side or on top. Smaller mugs usually have smaller handles, while taller ones have larger handles. In general, the handle is textured and sturdy. Mugs without a carrying handle usually have a nonslip or textured grip for easy portability.
Most of these mugs can fit easily into a drink holder, too. This is because the base is similar in size to that of standard cups.
Insulation
Contigo coffee mugs have Thermalock vacuum insulation, which helps regulate the temperature of whatever is inside. It does this by keeping air from passing between the two walls, each of which consists of stainless steel. The vacuum cuts down on temperature transfer, meaning the contents within retain their original temperature. On average, hot beverages stay hot for up to five hours, while cold drinks stay cold for up to 12 hours.
Also, stainless steel is a naturally good insulator, which is why so many travel mugs are constructed from this material. Stainless steel also keeps the liquid at a consistent temperature over time when properly sealed.
As an added benefit, the insulating technology prevents the outside of the mug from getting too hot. This protects your hands from getting burned since there is very little heat transfer.
What to look for in a quality Contigo coffee mug
Capacity
Some Contigo coffee mugs can only hold up to 10 ounces of coffee, while others can hold as much as 24 ounces. The standard sizes are 16 and 20 ounces, though.
Mugs with a higher capacity can hold more liquid, but they can also be heavy. This can make them less convenient to carry around. On the other hand, a smaller container won’t hold as much, but it can be easier to transport.
If you want a beverage that lasts for several hours or that you can drink slowly throughout the day, go with a larger size. But if you want a quick pick-me-up in the morning, choose a smaller mug.
SnapSeal or AutoSeal technology
Most Contigo mugs have either SnapSeal or AutoSeal technology built into their design.
- AutoSeal technology: Incorporated into the lid, AutoSeal technology helps prevent accidental spills or leaks. To use it, simply press and hold a button that opens a slit in the top part of the container for you to drink from. Once you let go of the button, the slit closes on its own. It’s handy for traveling.
- SnapSeal technology: Some mugs have SnapSeal technology in the lid. With it, you can conveniently unsnap the lid with one hand to open a small hole on the opposite side. You can then drink from this side. Once finished, you can snap the lid back in place to close it and prevent spills.
Some coffee mugs also have a locking button you can press to prevent people, especially children, from accidentally holding the AutoSeal button too long and spilling out the contents.
Color and pattern
Contigo coffee mugs come in a range of colors, including:
- Steel, silver, gray, white and black for those looking for something minimalistic or sleek.
- Blue, green, pink, red, yellow, purple and other soft colors for anyone who wants to showcase their personality more.
- Miscellaneous patterns such as colorful swirls or speckles
How much you can expect to spend on a Contigo coffee mug
On average, a Contigo coffee mug costs $10-$25.
Contigo coffee mug FAQ
Do Contigo coffee mugs contain BPA plastic?
A. None of their coffee mugs or water bottles contain bisphenol A plastic. Even the water bottles consist of FDA-approved Eastman Tritan plastic, which is nontoxic and more resistant to odors than other plastics.
Is the entire coffee mug dishwasher-safe?
A. Some components of the mug are not dishwasher-safe. Typically, you can wash the lid in the top rack of the dishwasher. However, you should wash the stainless steel body by hand using regular tap water and liquid dishwashing soap. When in doubt, check the mug’s label or the Contigo website for cleaning instructions.
What else does Contigo make?
A. Contigo designs and sells coffee mugs, travel mugs, water bottles, insulated travel tumblers and water bottles for kids.
What’s the best Contigo coffee mug to buy?
Top Contigo coffee mug
Contigo Autoseal West Loop Vacuum-Insulated Travel Mug
What you need to know: With several options to choose from, this vacuum-sealed insulated coffee mug is perfect for taking beverages to work.
What you’ll love: This travel mug comes in 10-, 14-, 16-, 20- and 24-ounce capacities. It’s available in 38 colors and designs, including stainless steel, passion fruit and violet. Some options come with a handle, while others don’t. All designs feature AutoSeal technology and are leakproof.
What you should consider: The AutoSeal lid is a little hard to clean.
Where to buy: Sold by Amazon and Wayfair
Top Contigo coffee mug for the money
Contigo Snapseal Insulated Travel Mug
What you need to know: This mug comes with Thermalock and SnapSeal technology, making it great for transporting hot or cold beverages.
What you’ll love: It comes in 12 colors and is available in 16, 20 and 24-ounce sizes. It’s well-insulated and can keep your coffee or tea hot for up to five hours.
What you should consider: The SnapSeal lid sometimes catches, making it tricky to open.
Where to buy: Sold by Amazon
Worth checking out
Contigo Stainless Steel Travel Mug
What you need to know: This 16-ounce mug has a decorative graphic and is great for anyone who wants to take their coffee to work, on the commuter train or beyond.
What you’ll love: It’s sweatproof, insulated and leakproof. It can also keep hot drinks hot for around six hours and cold ones cold for up to 12 hours. It’s lightweight and portable.
What you should consider: The lid can be difficult to open.
Where to buy: Sold by Wayfair
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Angela Watson writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.
Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/kitchen-br/coffee-accessories-br/best-contigo-coffee-mug/ | 2022-05-13T11:49:16Z |
Newton man injured when car hits bridge pillar in Harvey County
Published: Apr. 5, 2022 at 6:09 AM CDT|Updated: 52 minutes ago
NEWTON, Kan. (WIBW) - A man suffered serious injuries Monday afternoon when the car he was driving left a Harvey County highway and struck a bridge pillar, authorities said.
The crash was reported at 1:40 p.m. Monday on Interstate 135 in Newton.
According to the Kansas Highway Patrol, a 2005 Nissan Altima was northbound on I-135 when it veered to the right and entered the ditch. The car continued north in the ditch for more than 400 feet before striking a bridge pillar.
The driver, Coby Wayne Lollis Madueno, 21, of Newton, was transported to Wesley Medical Center in Wichita for treatment of serious injuries.
The patrol said Lollis Madueno wasn’t wearing his seat belt.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/04/05/newton-man-injured-when-car-hits-bridge-pillar-harvey-county/ | 2022-04-05T12:02:16Z |
Pirates prospect Kyle Nicolas of Jackson delivers scoreless effort in Northeast Ohio return
AKRON — Former Jackson High School baseball star Kyle Nicolas put on a good show in his return to Northeast Ohio.
The Altoona Curve right-handed starter pitched five scoreless innings Friday night at Canal Park against the Akron RubberDucks. The 2017 Jackson graduate got a no decision in front of a large crowd of Polar Bears baseball players, coaches and fans, as the RubberDucks won the game 3-1.
Nicolas struck out six and allowed two hits and no walks.
Ducks pitchers Daniel Espino, Manuel Alvarez, Kyle Marman and Nic Enright combined for 15 strikeouts and limit the Curve to one run and five hits.
The highly regarded Espino got off to a rough start allowing a solo home run on the first pitch of the game to Altoona second baseman Nick Gonzales. Espino settled in and pitched 4.2 innings with five strikeouts and allowed three hits.
Espino entered Friday's start after being named the Eastern League Southwest Division Pitcher of the Week on Sunday. Espino struck out 14 batters in his last start, last Saturday, including the first 11 of the game, in five innings.
Alvarez followed Espino to the mound Friday and worked 1.3 scoreless innings with three strikeouts to record a win. Marman tossed a scoreless inning with three strikeouts for a hold and Enright got a save by working two scoreless innings and striking out four.
Akron center fielder Will Brennan drove in two runs Friday to lead the RubberDucks offense. He has a team-high 15 RBIs this season.
Cleveland Guardians infielder Yu Chang went 1-for-2 with a single in his first rehab game since being placed on the injured list April 15. | https://www.cantonrep.com/story/sports/minors/2022/04/29/kyle-nicolas-altoona-curve-pitcher-pittsburgh-pirates-prospect-akron-rubberducks-daniel-espino/9596171002/ | 2022-04-30T04:32:33Z |
Pumpkin Spice, Peppermint Mocha, and Winter Wonderland Hard Latte Variety Packs are back
NEENAH, Wis., Aug. 9, 2022 /PRNewswire/ -- Twelve5's Rebel Hard Beverages, home to Twelve5's Rebel Hard Coffee, Hard Tea, and Hard Juice has announced the 2022 re-release of limited edition seasonal favorites Pumpkin Spice Hard Latte, Peppermint Mocha Hard Latte, and Winter Wonderland Hard Latte Variety Pack.
After last year's overwhelming response to our Hard Coffee Fall and Winter Seasonal line-up, we knew that we had bring them back for 2022," said Michael Sargent, senior brand manager, Twelve5's Rebel Hard Beverages. "The 2022 re-release gives our fans another chance to have their favorite fall and winter coffee beverages with a 5% alc./vol. kick. Whether you are a Pumpkin Spice fanatic or looking for the perfect exchange gift for your 21+ friends around the holidays, Twelve5's Rebel has you covered."
Twelve5's Rebel Pumpkin Spice Hard Latte will be available in stores starting in August and will remain on shelf through October. Twelve5's Rebel Peppermint Mocha Hard Latte and Winter Wonderland Hard Latte Variety Pack will be on shelf starting November 1st and available while supplies last through the holiday season. You can find Twelve5's Rebel Hard Beverages at Grocery Stores, Liquor Stores, C-Stores, and other retail locations that sell premium malt-based alcoholic beverages. Over 45 states currently distribute Twelve5's Rebel Hard Coffee, Hard Tea, and Hard Juice products in 4 packs, 8 packs and large format cans. To find Twelve5's Rebel Hard Beverages near you, visit the store locator at rebelhardcoffee.com/find. 21+. Please Drink Responsibly.
Twelve5's Rebel Hard Coffee is produced by Twelve5 Beverage Company, the founders of the hard coffee category. Twelve5 Beverage Company was founded in 2018 with a focus on pioneering innovative products that meet the needs of changing consumer preferences. The launch of Twelve5's Rebel Hard Coffee in August 2020 marked an opportunity to expand Twelve5 Beverage Company's products to a new audience. For more information, visit rebelhardcoffee.com.
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SOURCE Twelve5 Beverage Co., LLC. | https://www.kxii.com/prnewswire/2022/08/09/twelve5s-rebel-hard-coffee-announces-re-release-fall-winter-favorites-2022/ | 2022-08-09T13:06:07Z |
The acquisition will allow RelativityOne to offer deeply integrated, purpose-built contract review and intelligence capabilities
CHICAGO, Aug. 29, 2022 /PRNewswire/ -- Relativity, a global legal and compliance technology company, today announced that it has acquired Heretik, a contract review company that combines machine learning technology and advanced analysis to help organizations gain immediate insight into contract data.
Moving forward, Heretik's end-to-end contract review solution will be known as Relativity Contracts, enabling users to rapidly transform existing agreements into structured, actionable data. Relativity Contracts will be integrated into RelativityOne, and available as an add-on in mid-2023.
"Efficient contract analysis is critical in meeting regulatory requirements, realizing business value and reducing legal risk; and now RelativityOne users will be able to do so within a singular, secure platform," said Mike Gamson, CEO of Relativity. "We're excited to bring these capabilities to our customers, helping them expand the problems they're able to solve and positioning legal teams to quickly identify relevant insights, risks, rights and obligations within large datasets – reducing days or weeks of work to just minutes."
From its inception, Heretik has prioritized workflow capabilities coupled with machine learning to enable users to take immediate action on existing contract data. The Heretik viewer provides a modern and lightning-fast review interface, tailormade for quickly locating, extracting and storing critical data points. In the future, Relativity plans to build upon and integrate some contract viewer-specific functionality into the RelativityOne viewer so it can be leveraged on other data types.
Heretik's workflow capabilities and automation help reduce the time-consuming task of contract review. Additionally, the integration will allow for targeted AI and machine learning capabilities, such as contract classification, section segmentation and classification, data extraction to fields and imaging, and optical character recognition.
"Over the last six years, Heretik has gone from solving personal frustrations experienced during a diligence review, to analyzing and reviewing millions of documents," said Charlie Connor, Heretik's CEO and Co-Founder. "Heretik is used on some of today's largest deals and most complex regulatory challenges. Our growth has been immense, but we believe our potential is much greater. Joining forces with Relativity will provide the resources and support to help Heretik reach its full potential."
Heretik was created for Relativity customers by former Relativians. Half of Heretik's employees, including Heretik's CEO and co-founder, are former Relativity team members.
"We chose to build on Relativity because of its best-in-class security, scalability and review capabilities, but most importantly, we believe deeply in Relativity's products and people," said Connor. "We're thrilled to be part of the talented team at Relativity and looking forward to further improving upon and tailoring the solution to meet the unique needs of our users."
About Relativity
Relativity makes software to help users organize data, discover the truth and act on it. Its SaaS product RelativityOne manages large volumes of data and quickly identifies key issues during litigation and internal investigations. The AI-powered communication surveillance product, Relativity Trace proactively detects regulatory misconduct like insider trading, collusion and other non-compliant behavior. Relativity has more than 300,000 users in approximately 40 countries serving thousands of organizations globally primarily in legal, financial services and government sectors, including the U.S. Department of Justice and 198 of the Am Law 200. Relativity has been named one of Chicago's Top Workplaces by the Chicago Tribune for 10 consecutive years. Please contact Relativity at sales@relativity.com or visit http://www.relativity.com for more information.
About Heretik
Heretik is a lightweight contract review application that seamlessly integrates into existing contract management tools. Our solution enables teams to transform existing agreements into structured, actionable data to efficiently handle all types of corporate transaction and regulatory response use cases, enhancing best practices with minimal disruption.
From inception, we've prioritized cutting-edge machine learning technology along with workflow capabilities to allow everyone within an organization to take immediate action on existing contract data. Whether managing massive corporate transactions, extracting critical data in global lease agreements, or comparing messy bespoke contracts, our solution reduces days or weeks of work to minutes. The results? More accurate bids, better win rates, larger capacity to manage contracts, and expanded footprints within key accounts.
To learn more or schedule a demo, visit www.heretik.com.
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SOURCE Relativity | https://www.wibw.com/prnewswire/2022/08/29/relativity-acquires-contract-review-company-heretik/ | 2022-08-29T15:21:56Z |
Hinckley nears full freedom 41 years after shooting Reagan
WASHINGTON (AP) — A federal judge is set to preside over an important hearing for John Hinckley, the man who shot President Ronald Reagan in 1981 and is on the verge of being released from all remaining restrictive conditions.
U.S. District Court Judge Paul L. Friedman said in September that he would free Hinckley from restrictions on June 15 as long as Hinckley continued to do well. Officials say Hinckley has, and Wednesday’s hearing, which Hinckley will not attend, is not expected to alter those plans.
Hinckley was confined to a mental hospital in Washington for more than two decades after a jury found him not guilty by reason of insanity in shooting Reagan. But starting in 2003, Friedman began allowing Hinckley to live for longer stretches in the community with requirements like attending therapy and restrictions on where he can travel. He’s been living full-time in Virginia since 2016, though still under restrictions.
Those include: allowing officials access to his electronic devices, email and online accounts; being barred from traveling to places where he knows there will be someone protected by the Secret Service, and giving three days’ notice if he wants to travel more than 75 miles from his home in Virginia.
In July, Hinckley — who plays guitar and sings and has shared his music on a YouTube channel — plans to give a concert in Brooklyn, New York. Appearances in Connecticut and Chicago for what he has called the “John Hinckley Redemption Tour” have been cancelled.
The judge has said that Hinckley, who turned 67 Sunday, has displayed no symptoms of active mental illness, no violent behavior and no interest in weapons since 1983.
In a status report filed ahead of Wednesday’s hearing, prosecutors wrote that health officials who have overseen Hinckley’s treatment for years believe he “has recovered his sanity such that he does not present a danger to himself or others because of mental illness if unconditionally released” as planned.
Prosecutors had previously opposed ending restrictions, but they changed their position last year, saying they would agree to Hinckley’s release from conditions if he continued to show mental stability and follow restrictions. Prosecutor Kacie Weston wrote in a court filing ahead of the hearing that “the Government has found no evidence to suggest that Mr. Hinckley’s unconditional release should not be granted” as the judge previously said he would.
Reagan recovered from the March 30, 1981, shooting, but his press secretary, James Brady, who died in 2014, was partially paralyzed as a result. Secret Service agent Timothy McCarthy and Washington police officer Thomas Delahanty were also wounded. Reagan died in 2004.
In the 2000s, Hinckley began, with the judge’s approval, making visits to his parents’ home in Williamsburg, Virginia. His father died in 2008, but in 2016 he was given permission to live with his mother full time. Still, he was required to attend individual and group therapy sessions, was barred from talking to the media and could only travel within a limited area. Secret Service would also periodically follow him.
Hinckley’s mother died in 2021. He has since moved out of her home. In recent years, Hinckley has made money by selling items at an antique mall and by selling books online.
Hinckley has said on his YouTube channel that he has started a record label, Emporia Records, and that his first release will be a 14-song CD of his music. He also promotes his music on Twitter.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/06/01/hinckley-nears-full-freedom-41-years-after-shooting-reagan/ | 2022-06-01T11:17:01Z |
NEW YORK, May 17, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Li-Cycle Holdings Corp. f/k/a Peridot Acquisition Corp. (NYSE: LICY) alleging that the Company violated federal securities laws.
Class Period: February 16, 2021 to March 23, 2022
Lead Plaintiff Deadline: June 20, 2022
No obligation or cost to you.
Learn more about your recoverable losses in LICY:
https://www.kleinstocklaw.com/pslra-1/li-cycle-holdings-corp-loss-submission-form?id=27277&from=4
Li-Cycle Holdings Corp. f/k/a Peridot Acquisition Corp. NEWS - LICY NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Li-Cycle Holdings Corp. f/k/a Peridot Acquisition Corp. made materially false and/or misleading statements and/or failed to disclose that: (1) Li-Cycle's largest customer, Traxys, is not actually a customer, but merely a broker providing working capital financial to the Company while Traxys tries to sell Li-Cycle's product to end customers; (2) the Company engaged in highly questionable related party transactions; (3) the Company's mark-to-model accounting is vulnerable to abuse and gave a false impression of growth; (4) a significant portion of the Company's reported revenues were derived from simply marking up receivables on products that had not been sold; (5) the Company's gross margins have likely been negative since inception; (6) the Company will require an additional $1 billion of funding to support its planned growth (which is a figure greater than the Company raised via the merger); and (7) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Li-Cycle you have until June 20, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Li-Cycle securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the LICY lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/li-cycle-holdings-corp-loss-submission-form?id=27277&from=4.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
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SOURCE The Klein Law Firm | https://www.mysuncoast.com/prnewswire/2022/05/17/licy-alert-klein-law-firm-announces-lead-plaintiff-deadline-june-20-2022-class-action-filed-behalf-li-cycle-holdings-corp-fka-peridot-acquisition-corp-shareholders/ | 2022-05-17T11:36:31Z |
A Roof that is in Great Shape Can Help Keep the Temperature and Humidity Inside the Home or Business Stable and Comfortable When the Mercury Starts to Rise
MOORESVILLE, N.C., Aug. 16, 2022 /PRNewswire/ -- The founders of the Mooresville roofing company Ultimate Roofing, Inc. know firsthand how much a roof can impact the safety and comfort of those who live or work inside the home or business.
This understanding inspired them to post a blog that lists the seven reasons why people should get a Mooresville roof inspection.
To learn more, please visit https://ultimateroofinginc.com/7-reasons-you-need-a-mooresville-roof-inspection-before-summer/.
As the blog noted, a roof plays a significant role in keeping the temperature and humidity in a home or business comfortable. In order to ensure that the roof will continue to perform this important task as the temperatures heat up, Ultimate Roofing's roof inspectors are ready, willing and able to check area roofs.
"You can expect to get 20 years or more of service from your roof, with regular roofing inspections and roof repair when needed," the blog noted, adding that Ultimate Roofing works with most types of roofs including asphalt shingles, cedar shake, green shingle, slate tile and wood shake.
Another reason roofs should be inspected before summer is because weather and storm damage is hard to spot from the ground. Roofs are under a great deal of stress, so hiring a professional to get up on the roof and inspect it thoroughly is a wise idea.
"It is easier, and by far cheaper, to perform small repair services during a routine inspection than it is to deploy an entire team on an emergency basis for a complete tear-off and rebuild of a roof that's been neglected for too long and suffers a catastrophic failure," the blog noted.
Ultimate Roofing is Mooresville's roofing contractor of choice, also servicing the greater Charlotte metro area for all sorts of residential and commercial roofing tasks. Whether people need a roofing contractor for a new construction project, spot repairs or tear-offs on existing roof, or a complete rehab of a damaged or aged roof, Ultimate Roofing is here to help. For more information, please visit https://ultimateroofinginc.com/.
Ultimate Roofing, Inc.
710 North Broad St, Unit 24
Mooresville, NC 28115
(704) 285-1075
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SOURCE Ultimate Roofing Inc. | https://www.kxii.com/prnewswire/2022/08/16/mooresville-roofer-ultimate-roofing-lists-7-reasons-why-residential-commercial-roofs-should-be-inspected/ | 2022-08-16T18:44:34Z |
Did you lose money on investments in Yext? If so, please visit Yext, Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your rights.
NEW YORK, July 8, 2022 /PRNewswire/ -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Yext, Inc. ("Yext" or the "Company") (NYSE: YEXT) between March 4, 2021 and March 8, 2022, inclusive (the "Class Period"). The lawsuit was filed in the United States District Court for the Southern District of New York and alleges violations of the Securities Exchange Act of 1934.
Yext organizes a business's facts to provide answers to consumer questions online. The Company operates Yext platform, a cloud-based platform that allows its customers to, among other things, provide answers to consumer questions, control facts about their businesses and the content of their landing pages, and manage their consumer reviews. Yext's website describes its service as "a modern, AI-powered Answers Platform that understands natural language so that when people ask questions about a business online they get direct answers - not links."
As COVID-19 resurged throughout 2021, Yext consistently assured investors that pandemic-related impacts on the Company's business were limited as the Company adapted to lockdowns and improved efficiencies in its sales and other operations.
Plaintiff alleges that Defendants made materially false and misleading statements throughout the Class Period. Specifically, Plaintiff alleges that Defendants failed to disclose that: (i) Yext's revenue and earnings were significantly deteriorating because of, inter alia, poor sales execution and performance, as well as COVID-19 related disruptions; and (ii) accordingly, Yext was unlikely to meet consensus estimates for its full year ("FY") fiscal 2022 financial results and fiscal 2023 outlook.
On March 8, 2022, Yext issued a press release announcing its fourth quarter ("Q4") and FY fiscal 2022 results. Among other items, Yext reported Q4 fiscal 2022 revenue of $100.9 million, falling short of consensus estimates by $140,000; first quarter ("Q1") fiscal 2023 revenue outlook of $96.3 million to $97.3 million, versus consensus estimates of $103.79 million; Q1 fiscal 2023 non-GAAP net loss per share outlook of $0.08 to $0.07, versus consensus estimates of $0.05; FY fiscal 2023 revenue outlook of $403.3 million to $407.3 million, versus consensus estimates of $444.71 million; and FY fiscal 2023 non-GAAP net loss per share outlook of $0.19 to $0.17, versus consensus estimates of $0.09. The Company further disclosed the departure of its CEO and CFO.
That same day, on a conference call to discuss Yext's Q4 and FY fiscal 2022 results, the Company's incoming CEO, Michael Walrath ("Walrath"), addressed the Company's disappointing financial results, revealing, inter alia, that "we have seen fragmentation in our interactions with customers and our ability to deliver premium service and support" and that, "[i]n hindsight, it is clear we were too focused on building sales capacity and not focused enough on other functions that drive productivity, particularly sales enablement, training, client success and services." Walrath also disclosed that "we saw a really significant disruption in our business" such as "in Q4, 50% -- over 50% of our in-person events were canceled because of the Omicron surges".
On March 9, 2022, the Company's stock price fell $0.55, or over 9%, to close at $5.37 per share.
If you wish to serve as lead plaintiff, you must move the Court no later than August 16, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
If you purchased YEXT securities, and/or would like to discuss your legal rights and options please visit Yext, Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2022 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Contact Information:
Peter Allocco
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
pallocco@bernlieb.com
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SOURCE Bernstein Liebhard LLP | https://www.kxii.com/prnewswire/2022/07/09/yext-inc-nyse-yext-shareholder-class-action-alert-bernstein-liebhard-llp-reminds-investors-deadline-file-lead-plaintiff-motion-securities-class-action-lawsuit-against-yext-inc-nyse-yext/ | 2022-07-09T02:25:14Z |
Friday night forecast: Overnight freeze warming to the 50s Saturday
Rain showers likely Easter Sunday
TOPEKA, Kan. (WIBW) - Portions of Northeast Kansas are included in a freeze warning for tonight for counties in the north. Elsewhere, we’ll be cold, just not quite cold enough for a freeze. Still, you may want to consider covering your more sensitive plants tonight. Tomorrow will be cool with temperatures reaching the upper 50s with mostly sunny skies and winds out of the northeast around 5 to 10 mph. Our next rain chance is Sunday from around midday through the afternoon.
Tonight: Partly Cloudy. Lows in the mid-upper 30s. Winds N 5-10 mph.
Tomorrow: Increasing Clouds. Highs in the upper 50s-low 60s. Winds NE 5-15, gusts up to 20 mph.
Easter Sunday: Rain showers through mid-afternoon. Highs in the low-mid 50s for the eastern half of the viewing area with upper 50s-low 60s out toward central KS. If you’re traveling to KC, highs will struggle to reach 50° with 40s all day. Keep in mind temperatures are subject to be cooler if clouds and rain linger longer BUT warmer if there’s more sun. Winds E 5-10, guests up to 20 mph at times.
We dry out on Monday although we stay cool in the mid to upper 50s under mostly sunny skies. We get near freezing Monday night. There is a slight chance for rain showers Tuesday afternoon before seeing a chance for rain and a few thunderstorms Tuesday night. At this time severe weather is not expected. We finally warm back up once again for Wednesday climbing into the low 70s and staying there for Thursday and Friday. We make a run for the 80s this coming Saturday.
Taking Action:
- While differences exist in the models on how heavy the rain will be on Easter, the probability (while not a 0% chance) of t-storms is very low. Most of the rain will be out of the WIBW viewing area by 3pm. With all this being said though, make sure to keep checking the forecast for any changes over the weekend especially if you have outdoor plans.
- A few spots may be near the freezing mark Monday morning.
- A mid-week storm system will have a better risk for t-storms however the risk for severe weather remains low.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/04/15/friday-night-forecast-overnight-freeze-warming-50s-saturday/ | 2022-04-16T00:36:14Z |
600+ members from the global food, feed, and soy industry across 50+ countries in San Diego
SAN DIEGO, Aug. 22, 2022 /PRNewswire/ -- Global soy consumption at 1.087 MMT has exceeded global soy production at 1.061 MMT for the past three years (2019-22) following a doubling in consumption and production over the past 20 years. Soybeans continue to be the United States' number one food and agricultural export, and U.S. Soy's customers are as diverse as the countless uses of a soybean itself.
The U.S. Soybean Export Council (USSEC) will host 600+ industry representatives at SOY CONNEXT - the global U.S. Soy Summit, including 400+ international customers of U.S. Soy from 50+ countries with 200+ U.S. Soy farmers and members of industry, from August 22-24 in San Diego.
"Soy Connext, the industry's premier global summit, will catalyze connections between international customers of U.S. Soy from the animal protein, aquaculture, animal nutrition, edible oil, soy foods, and commodity trading sectors, with U.S. Soy farmers and industry," said Jim Sutter, CEO, USSEC. "With the level of volatility in the world today, it takes vision, resilience, and partnerships to succeed in food and agriculture today. At Soy Connext, we will explore insights, trends, and strengthen our collaborations to advance global nutrition, climate-forward solutions, and progress for people and communities."
USSEC will launch the new 'Soybean Value Calculator' - an innovative tool for soybean crushers to calculate and compare the economic value of soybeans from various countries. Customers can enter company specific data along with soybean composition and physical factor data to analyze the potential economic benefit of choosing U.S. Soy relative to soy of other origins. It's that simple.
Sustainability and transparency are differentiators and a competitive advantage for U.S. Soy customers. As part of Soy Connext, customers from 38 countries will visit U.S. Soy farms across 14 soy-producing states to transparently engage with farmers, inspect the crop, and discuss challenges, needs and opportunities. Further, USSEC, on behalf of U.S. Soy, is the international sponsor of the Pro Farmer Crop Tour providing its customers with credible, third-party, and real-time analysis of U.S. Soy crop quality directly from soy production sites across the United States. Customers and exporter companies will also participate in USSEC's Trade Team Invitational.
"Climatic, economic, and geopolitical events are testing the resilience of the global food system. Uncertainty is the word of the day. We are honored that international companies are rewarding sustainable U.S. Soy's lowest carbon footprint, optimal nutritional bundle, high refining rate, low refining cost, and reliable production and exports by importing record volumes to advance food and nutrition security in the 82 countries we serve," said Doug Winter, USSEC Chairperson, Board Member of the United Soybean Board, and U.S. Soy farmer, Illinois.
Six facts related to U.S. Soy
- Global poultry, pork, and aquaculture consumption are forecast to grow 17.8%, 13.1%, and 23% respectively by 20301
- Global soy foods per capita consumption grew 24% to 2.67 kg in 2020 from 2.16 kg in 20102
- U.S. Soy's top 15 export markets: China, Mexico, EU, Egypt, Japan, Philippines, Indonesia, Colombia, Taiwan, Canada, Bangladesh, Thailand, S. Korea, Pakistan, Ecuador3
- U.S. Soy's top growth markets (21/22 v. 16/17): Egypt, Turkey, Ecuador, Venezuela, Canada, Guatemala, Colombia, Mexico, EU. Bangladesh growing. India potential evolving4
- Sustainable U.S. Soy has the lowest carbon footprint when compared with soy of other origins5
- U.S. Soy Sustainability Assurance Protocol (SSAP) verified exports are up 33% vs. year ago, and 58% (approx. 38 MMT) of U.S. Soy's total exports (approx. 64 MMT) in MY 21/22 (as of 7/28/22)
Soy Connext will cover the following topics among others:
- Macro dynamics - inflation, or commodity super-cycle
- Shifting vegetable oil market
- Sustainability in the global feed industry
- Plant-Based Proteins: Consumer Trends & Opportunities
- Sourcing specialty food grade & IP beans
- Live reports on 2022 #USSoy crop ahead of #Harvest22
Noteworthy global speakers at Soy Connext include:
- Matt Ammerman, Commodity Risk Manager and VP, E. Europe & Black Sea region, StoneX
- Erik Noland, Executive Director and Senior Economist, CME Group
- Emily French, Chief Executive Officer, Global Ag Protein
- Anja Manuel, co-founder, Rice, Hadley, Gates and Manuel, LLC
- Marty Ruikka, President, The Pro Exporter Network
- Tom Vierhile, Vice President - Strategic Insights (North America), Innova Market Insights
Other event participants include U.S. Soy farmers representing the American Soybean Association, United Soybean Board, State soy boards, related food and agriculture industry, commodity exporters, among others.
This press release was funded by U.S. Soy farmers, their checkoff and the soy value chain.
About U.S. Soybean Export Council (USSEC)
The U.S. Soybean Export Council (USSEC) focuses on differentiating, elevating preference, and attaining market access for the use of U.S. Soy for human consumption, aquaculture, and livestock feed in 80+ countries internationally. USSEC members represent the soy supply chain including U.S. Soy farmers, processors, commodity shippers, merchandisers, allied agribusinesses, and agricultural organizations. USSEC is funded by the U.S. soybean checkoff, USDA Foreign Agricultural Service (FAS) matching funds, and industry. Visit www.ussec.org for the latest information on U.S. Soy solutions and news about USSEC and U.S. Soy internationally.
1 Organisation for Economic Co-operation and Development (OECD) - Food and Agriculture Organization 2021 Agriculture Outlook Report
2 USSEC-Agromeris Global Soy Foods Market Report 2021
3 SDA Global Agricultural Trade System (GATS) data MY 2021/22 through June-2022
4 SDA Global Agricultural Trade System (GATS) data MY 2021/22 through June-2022
5 Blonk Consultants, Agri-footprint database 5.0 analysis, 2019
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SOURCE U.S. Soybean Export Council (USSEC) | https://www.mysuncoast.com/prnewswire/2022/08/22/us-soybean-export-council-hosts-soy-connext-worlds-largest-soy-summit/ | 2022-08-22T21:53:06Z |
Family loses home in fire amid tornado rebuild: ‘Don’t know if we can do it again’
(WPSD) - A Kentucky family is looking at another tough decision after losing their home in a tornado and now in a fire over the last few months.
The Lindsey family has been working on rebuilding their home for the last seven months after a tornado destroyed it on Dec. 10, 2021.
Janssen Lindsey said they had put countless hours into getting their new home ready but losing it for the second time is difficult for them to process.
“My insides feel like they’ve been ripped apart. This was our home. I don’t know if we can do it again,” she said.
The investigation into the cause of the fire remains ongoing, but the home suffered significant damage.
“I had a house plan that I’ve wanted since the tornado, but other than that, I don’t know. It may just be easier to buy something,” Janssen Lindsey said.
Through everything, Janssen Lindsey says she is hopeful for the future.
The family is leaning on one another and their faith to help keep them afloat.
“It’s hard to hold your head up, but you gotta put one foot in front of the other and move forward,” Janssen Lindsey said.
Copyright 2022 WPSD CNN Newsource. All rights reserved. | https://www.wibw.com/2022/07/02/family-loses-home-fire-amid-tornado-rebuild-dont-know-if-we-can-do-it-again/ | 2022-07-02T19:16:00Z |
WATCH: Woman arrested with loaded gun in emergency room
BRADENTON, Fla. (WWSB) - A Sarasota woman was arrested early Wednesday for allegedly loading a semiautomatic handgun as she sat in the emergency room of Blake Medical Center.
Bradenton Police dispatchers received a call at 2:16 a.m. from the hospital, saying a female in the emergency room was observed on surveillance cameras actively loading a firearm in her purse.
Officers arrived four minutes later. By then, the suspect had been approached by a security guard. Following a brief conversation with the suspect, the guard seized a handgun from her purse, and police officers entered the emergency room, surrounding the suspect, identified as Jamekeyra Ulisa Levertt-Chapman, 37, and taking her into custody.
Police say the weapon was a Smith & Wesson .380-caliber semi-automatic with an incorporated laser.
Levertt-Chapman’s purse contained one high-capacity drum-style magazine with 36 loaded rounds; two magazines containing a total of 13 loaded rounds; and 14 loose rounds.
Additional witnesses told police they observed the suspect loading what appeared to be bullets into a magazine.
Levertt-Chapman was charged with introducing a firearm into a hospital and possession of a concealed weapon without a concealed weapon permit.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/06/22/woman-arrested-with-loaded-gun-emergency-room/ | 2022-06-22T19:31:14Z |
Emmanuel Macron and Marine Le Pen on track to advance to French presidential runoff, data shows
By Joshua Berlinger and Joseph Ataman, CNN
Emmanuel Macron and Marine Le Pen appear to be the leading candidates in the first round of the French presidential elections, an analysis of early results shows, setting up a rematch of the 2017 contest.
Macron, France’s current president, appears poised to take 28.6% of the votes, putting him in first place, according to an analysis conducted by pollster IFOP-Fiducial for French broadcasters TF1 and LCI. Le Pen, a long-time standard-bearer for the French far-right, is on track to come in second with 23.6%.
Twelve candidates ran for the top job. If none of them receives more than 50% of the ballots, the top two will face each other in a runoff on April 24. But a second round is all but guaranteed — no French presidential candidate has ever won in the first round under the current system.
The contest was marked by voter apathy, according to IFOP-Fiducial. Voter participation was estimated at 73.3%, the lowest in a first round in 20 years. While Macron appears on track to win the first round, he is a polarizing figure whose approval rating has lagged during his first term.
Macron is seeking to become the first French president to win reelection since Jacques Chirac in 2002. While polls have given him a consistent edge over the field, the race tightened significantly in the past month.
Le Pen’s support has steadily risen in recent weeks. Though she is best known for her far-right policies such as drastically restricting immigration and banning Muslim headscarves in public places, she has run a more mainstream campaign this time around, softening her language and focusing more on pocketbook issues like the rising cost of living, a top concern for the French electorate.
In her speech Sunday, Le Pen vowed to be a president for “all the French” if she wins the second round, and called on those who didn’t vote for Macron to support her in the second round.
In third place was leftist firebrand Jean-Luc Melenchon with 20.1%. Melenchon enjoyed a late surge in support and was considered a possible dark horse candidate to challenge Macron.
No other candidate received more than 10% of the vote, according to the analysis. Far-right political commentator turned presidential candidate Eric Zemmour, who enjoyed a seat among the top three candidates until March according to IFOP polling, came in fourth at 7%.
The candidates on track to lose have quickly begun throwing their support behind the top two. While Zemmour urged his backers to vote for Le Pen, the others have urged their backers to steer clear of her.
Melenchon told his supporters that “we must not give a single vote to Mrs. Le Pen,” and the candidates from the traditional center-left and center-right parties, the Socialists and the Republicans, have already backed Macron.
The socialist candidate, Anne Hidalgo, said a Le Pen victory would instill in France “a hatred of everyone set against everyone,” while the Republican, Valerie Pecresse, said she was sincerely worried for the country because ” the far right has never been so close to winning.”
“The project of Marine Le Pen will open France to discord, impotence, and collapse,” said Pecresse.
The rematch
Surveys ahead of the race showed that a second round of Macron vs. Le Pen was the most likely outcome. Macron handily beat Le Pen five years ago, but experts have said that a second contest between the two would be much tighter than the 2017 race.
Macron is no longer a political upstart and must run on a mixed record. While his ambitious plan to bolster the European Union’s autonomy and geopolitical heft won him respect abroad and at home, he remains a divisive figure when it comes to domestic policies. His handling of the yellow vest movement, one of France’s most prolonged protests in decades, was widely panned, and his record on the Covid-19 pandemic is inconclusive.
Macron’s signature policy during the crisis — requiring people to show proof of vaccination to go about their lives as normal — helped increase vaccination rates but fired up a vocal minority against his presidency.
Macron has, so far, done very little campaigning. Experts believe his strategy was to avoid the political mudslinging as long as possible to brandish his image as the most presidential of all the candidates. Polling showed him consistently leading all candidates, and he was considered a shoo-in to make the second round.
“The widespread dissatisfaction with Macron (especially among the young) means that the outcome is uncertain and unpredictable. Le Pen will continue to exploit this, and a major political upset therefore remains possible,” said Dominic Thomas, chair of the Department of French and Francophone Studies at UCLA, said of the potential second round.
Le Pen has tried to portray herself as a very different candidate to the one who lost handily to Macron in 2017, when she attempted to position herself to the forgotten French working classes as her country’s answer to then-US President Donald Trump. While her economic nationalist stance, views on immigration, euroskepticism and positions on Islam in France are unchanged, Le Pen has sought to broaden her appeal.
The contest was at first predicted to be a referendum on the dominance of the extreme right in French politics, but the war in Ukraine — another key issue for voters — upended the race.
Macron has kept a grip on first place in most polls ahead of the election this year. IFOP polling found that his support peaked in early March, as potential voters rallied around the flag and rewarded the president for his attempts to mediate the conflict in Ukraine before Russia’s invasion, even if it was a failure.
Many experts also expected the war to hurt the Le Pen, who had been a a vocal admirer of Vladimir Putin, the Russian leader who has become a pariah in the West due to the Kremlin’s decision to invade Ukraine in late February. Le Pen visited the Russian president during her 2017 campaign, but this time around, she was forced to scrap a leaflet with a photo of her and Putin from that trip after Russia’s unprovoked attack on its neighbor.
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CNN’s Xiaofei Xu and Camille Knight contributed to this report | https://localnews8.com/news/national-world/cnn-europe-mideast-africa/2022/04/10/emmanuel-macron-and-marine-le-pen-on-track-to-advance-to-french-presidential-runoff-data-shows/ | 2022-04-10T21:31:16Z |
Musk says Tesla will build vehicle designed to be a robotaxi
AUSTIN, Texas (AP) — Tesla CEO Elon Musk says the company will build an electric vehicle dedicated for use as a robotaxi. He also told a crowd at a party celebrating the opening of a Texas factory that Tesla will start making three new vehicles next year. Musk didn’t give details of the robotaxi other than to say it will “look quite futuristic.” He said Tesla will start building the Cybertruck pickup at its new factory near Austin, Texas, next year. After that, it will start making a new Roadster and an electric semi. He made his remarks Thursday night at the “Cyber Rodeo at Giga Texas,” an invitation-only party for thousands of guests at Tesla’s new billion-dollar-plus factory. | https://localnews8.com/news/ap-national-business/2022/04/08/musk-says-tesla-will-build-vehicle-designed-to-be-a-robotaxi/ | 2022-04-08T16:38:09Z |
NEW YORK (AP) — Tiger Woods may not have won the Masters golf tournament, but his stirring return from injury was certainly a winner for the television networks following him.
CBS’ final round coverage of the venerable tourney on Sunday averaged 10.17 million viewers, the highest for any golf telecast since the corresponding day in 2019 — the last time Woods won the coveted green jacket, the Nielsen company said.
ESPN’s coverage of the first two rounds of the Masters averaged 3.3 million viewers, the most for its Master’s coverage since 2018, the network said.
ESPN’s viewership peaked at 4.6 million just as Woods was finishing up his second round on Saturday, Nielsen said.
CBS led the broadcast networks last week in prime time, averaging 4.2 million viewers. ABC had 3.6 million, NBC had 3 million, Fox had 1.7 million, Univision had 1.4 million, Ion Television had 1 million and Telemundo had 860,000.
Fox News Channel led among the cable networks, averaging 2.32 million viewers. TBS had 1.52 million, TNT had 1.2 million, HGTV had 1.17 million and ESPN had 1.13 million.
ABC’s “World News Tonight” won the evening news ratings race, averaging 7.9 million for the week. NBC’s “Nightly News” had 6.7 million and the “CBS Evening News” had 4.8 million.
For the week of April 4-10, the 20 most-watched prime-time shows, their networks and viewerships:
1. NCAA Men’s Basketball Championship: North Carolina vs. Kansas, TBS, 9.54 million.
2. “60 Minutes,” CBS, 9.27 million.
3. “Chicago Fire,” NBC, 7.4 million.
4. “The Equalizer,” CBS, 6.68 million.
5. “Chicago Med,” NBC, 6.61 million.
6. “Blue Bloods,” CBS, 5.93 million.
7. “Chicago PD,” NBC, 5.71 million.
8. “American Idol” (Monday), ABC, 5.6 million.
9. “Survivor,” CBS, 5.583 million.
10. NCAA Men’s Basketball Championship: North Carolina vs. Kansas, Turner, 5.578 million.
11. “American Idol” (Sunday), ABC, 5.47 million.
12. “Magnum P.I.,” CBS, 5.31 million.
13. “NCIS: Los Angeles,” CBS, 5.26 million.
14. “FBI,” CBS, 4.81 million.
15. “America’s Funniest Home Videos,” ABC, 4.76 million.
16. “This is Us,” NBC, 4.74 million.
17. “Station 19,” ABC, 4.52 million.
18. “Law & Order: SVU,” NBC, 4.33 million.
19. “Grey’s Anatomy,” ABC, 4.21 million.
20. “Young Sheldon,” CBS, 4.07 million. | https://cw33.com/entertainment-news/ap-entertainment/tiger-woods-return-to-masters-a-winner-for-tv-networks/ | 2022-04-13T14:29:17Z |
Nearly 600 cases of monkeypox have been identified in Georgia since the disease first showed up in the Peach State at the beginning of June, according to the federal Centers for Disease Control and Prevention.
ATLANTA – Nearly 600 cases of monkeypox have been identified in Georgia since the disease first showed up in the Peach State at the beginning of June, according to the federal Centers for Disease Control and Prevention.
The disease has spread across the country to the point that the Biden administration declared monkeypox a national public health emergency last week.
Monkeypox is a viral disease that causes the skin to break out in painful lesions and is also accompanied by other symptoms such as fever, exhaustion and muscle aches.
Since the first cases were reported in the United States a few months ago, scientific understanding of how it spreads has evolved.
“The monkeypox virus can spread from person to person through direct contact with the infectious rash, scabs or body fluids,” Nancy Nydam, spokeswoman for the state Department of Public Health, said. “It also can be spread by respiratory secretions during prolonged, face-to-face contact, or during intimate physical contact, such as kissing, cuddling or sex.
“Touching items (such as clothing or linens) that previously touched the infectious rash or body fluids is another way monkeypox spreads but has not been identified to be a common mode of transmission in this outbreak or for monkeypox in general."
According to the CDC, 7,510 cases of monkeypox have been reported in the United States. Most of the Georgia cases are concentrated in metro Atlanta.
The Jynneos vaccine can help prevent monkeypox. The vaccination requires two doses 28 days apart.
The U.S. Department of Health and Human Services has allocated 1.1 million doses of the vaccine to send to states. Around 600,000 have been shipped already, according to the agency. Georgia has been allocated about 50,000, according to the HHS.
Not all of the doses have yet reached the state due to federal rules about vaccine distribution and transit times, Nydam said.
So far, almost all of the cases in the United States have been identified in men who have sex with men, according to a CDC briefing last month. DPH has distributed the vaccines across Georgia, including to county health departments and community organizations, Nydam said
Jeff Graham, executive director of the LGBTQ advocacy group Georgia Equality, praised the outreach work being done by county health departments and community groups. But he said those efforts won’t be truly effective without more resources and better coordination from the DPH.
"The state must show more leadership on a coordinated approach to ensuring that vaccine distribution is equitable around the state, and they need to provide better data concerning folks contracting monkeypox and those receiving the vaccine,” Graham said. "Also, adequate funding for the community outreach of whatever the state's plan is will be a critical component of an adequate response."
Advocates warn that though the disease is concentrated so far among gay men, it's important that the larger community pay attention because the disease affects everyone.
“We can’t stigmatize disease,” Dafina Ward, executive director of the Southern AIDS Coalition, said. "What we can’t do is recreate the misinformation and shaming that so many experienced early on in the HIV/AIDS epidemic.”
Ward said that though monkeypox can be spread by sexual contact, it is not solely a sexually transmitted disease. For that reason, everyone should be concerned, she said.
“Monkeypox does not care about a person’s sexual orientation or gender identity,” she said. “Every community needs access to testing, vaccine and treatment."
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Multiple clinical data readouts expected in second half of 2022
LOS GATOS, Calif., Aug. 16, 2022 /PRNewswire/ -- Aridis Pharmaceuticals, Inc. (Nasdaq: ARDS), a biopharmaceutical company focused on the discovery and development of novel anti-infective therapies for treating life-threatening infections, today reported financial and corporate results for its second quarter ended June 30, 2022.
Second Quarter Highlights
- Continued enrollment in the Company's Phase 3 study evaluating AR-301 for the treatment of Ventilator Associated Pneumonia (VAP). Aridis remains on track to report top-line data from this study in 2H 2022.
- Continued enrollment in the Company's Phase 2a study of AR-501 targeting cystic fibrosis (CF), conducted in collaboration with funding support from the Cystic Fibrosis Foundation. Top-line data readout from this CF study is expected in 2H 2022.
- Initiated the Company's Phase 3 trial of AR-320 for the prevention of VAP following regulatory feedback on the clinical development plans from the U.S. Food and Drug Administration (FDA) and European Medicines Agency (EMA). The study is conducted in collaboration with funding support from the European Commission's Innovative Medicines Initiative.
- Announced that the COVID-19 mAb cocktail AR-701 effectively eradicated virus from the lungs of SARS-CoV-2 infected macaque monkeys (non-human primates) and protected the lungs from the disease. The mAb cocktail was effective when administered by inhalation either prophylactically or therapeutically.
"The company is on track to report top-line data from the AR-301 Phase 3 study in ventilator associated pneumonia (VAP) and the AR-501 Phase 2a study in cystic fibrosis during the second half of 2022," commented Vu Truong, Ph.D., Chief Executive Officer of Aridis Pharmaceuticals. "We believe these data readouts will be significant and transformative milestones for the Company. In addition, we completed the manufacturing of the clinical trial supplies and launched the global Phase 3 trial of AR-320."
Clinical Program Update
AR-301 (tosatoxumab): AR-301 is being evaluated in a Phase 3 clinical study as an adjunctive treatment to standard of care antibiotics in Staphylococcus aureus (S. aureus) VAP patients. The ongoing AR-301 Phase 3 study remains blinded. The independent Data Safety Monitoring Committee, which has access to unblinded data, continues to monitor study subjects and has not expressed any safety concerns. The trial represents the first ever Phase 3 superiority clinical study evaluating immunotherapy with a fully human mAb to treat acute pneumonia in the intensive care unit (ICU) setting. Details of the study can be viewed at www.clinicaltrials.gov using identifier NCT03816956. The Company continues to anticipate reporting top-line data in the late second half of 2022.
AR-501 (gallium citrate): The Phase 2a study is actively enrolling patients with the goal of delivering top-line data readout in second half of 2022. AR-501 is being developed in collaboration with and with funding support from the Cystic Fibrosis Foundation. The study is a randomized, double-blind, placebo-controlled Phase 2a trial investigating the safety and pharmacokinetics of multiple ascending doses of inhaled AR-501 in CF patients with chronic bacterial lung infections. The FDA reviewed the Phase 1 study results and agreed that the study could proceed at all dose levels to the Phase 2a portion of the Phase 1 / 2a trial in adult subjects with CF. Based on available blinded safety data of the on-going Phase 2a study, FDA also recently agreed with the Company's proposal to include an additional higher dose cohort. We expect to complete enrollment and announce study results in the second half of 2022. Details of the Phase 1 / 2a clinical trial can be viewed at https://www.clinicaltrials.gov using identifier NCT03669614.
AR-320 (suvratoxumab): AR-320 is a fully human immunoglobulin G1 (IgG1) monoclonal antibody (mAb) targeting S. aureus alpha toxin being developed as a preemptive treatment of mechanically ventilated ICU patients who are colonized with S. aureus but do not yet have VAP. AR-320 is active against infections caused by both methicillin resistant S. aureus (MRSA) and methicillin sensitive S. aureus (MSSA). A multinational, randomized, double-blind, placebo-controlled Phase 2 study (n=196 patients) showed that mechanically ventilated ICU patients colonized with S. aureus who were treated with suvratoxumab demonstrated a relative risk reduction in onset of pneumonia by 32% in the overall intent-to-treat study population, and by a statistically significant 47% relative risk reduction in the under 65-year-old population, which is the target population in the planned Phase 3 study. This risk reduction in the target population was also associated with a substantial reduction in the duration of care needed in the ICU and the hospital.
The Company completed successful discussions with the European Medicines Agency (EMA) via their Scientific Advisory meeting and with the FDA via an End-of-Phase 2 meeting, including obtaining agreement on the planned Phase 3 study serving as a single pivotal trial. The regulatory feedback from these agencies is incorporated in the Company's clinical study design. The Company launched the Phase 3 study (also referred to as 'SAATELLITE-2 Study') of AR-320 in collaboration with the public-private COMBACTE-Net consortium of HAP/VAP experts, funded by the Innovative Medicines Initiative program of the European Commission in the amount of up to 25 million Euros. Details of the Phase 3 SAATELLITE-2 clinical trial can be viewed at https://www.clinicaltrials.gov using identifier: NCT05331885.
AR-701: AR-701 is a cocktail of two fully human IgG1 mAbs discovered from screening the antibody secreting B-cells of convalescent SARS-CoV-2 infected (COVID-19) patients. Each mAb of the AR-701 cocktail neutralizes coronaviruses (CoV) using a distinct mechanism of action, namely inhibition of viral fusion and entry into human cells (AR-703) or blockage of virus binding to the human 'ACE2' receptor (AR-720). All authentic live SARS-CoV-2 Beta, Gamma, Delta, Epsilon, Omicron subvariants BA.1, BA.2, BA.4, BA.5, SARS-CoV, and MERS-CoV tested were neutralized by AR-701 in vitro. Multiple animal challenge models widely used to evaluate COVID-19 treatments support the broad efficacy of AR-701 against the original Wuhan wildtype strain, the Delta variants, the Omicron variants, and the severe acute respiratory syndrome virus (SARS). Each of the mAbs in the AR-701 cocktail was effective in vitro against the SARS-CoV-2 Omicron BA.1, BA.2, BA.4, BA.5 subvariants. Each of the mAbs conferred strong protection against Omicron BA.1 infected animals when given either parenterally or by intranasal administration. AR-701 was also shown to be effective in SARS-CoV-2 (COVID-19) infected macaque monkeys (non-human primates) when administered by inhalation, either prophylactically or therapeutically.
The AR-701 mAbs are engineered to be half-life extended and potentially active for 6-12 months in the blood. AR-701 is being developed both as a self-administered inhaled formulation for the treatment of COVID-19 patients who are not yet hospitalized and as a long-acting intramuscular prophylactic to prevent COVID-19 infections. The potency of AR-701 and its direct delivery to the lungs by inhaled administration may facilitate broader treatment coverage and dose sparing not achievable by parenteral administration.
Aridis Pharmaceuticals recently received a grant from the Bill and Melinda Gates Foundation to evaluate the prevention of influenza and SARS-CoV2 viral transmission using inhaled delivery of monoclonal antibodies.
Second Quarter Financial Results:·
- Cash: Total cash, cash equivalents and restricted cash as of June 30, 2022 were approximately $8.0 million.
- Revenues: Grant and licensing revenue increased to approximately $0.3 million for the quarter ended June 30, 2022 primarily due to the recognition of revenue from grants from the Cystic Fibrosis Foundation, the Gates Foundation, as well as from Kermode Biotechnologies, Inc., an ʎPEX™ technology licensee. A total of $33,000 in grant and licensing revenue was reported for the quarter ended June 30, 2021.
- Research and Development Expenses: Research and development expenses increased by approximately $1.8 million from approximately $4.6 million for the quarter ended June 30, 2021 to approximately $6.3 million for the quarter ended June 30, 2022. The increase was primarily due to an increase in spending on clinical trial activities for AR-301, AR-501 and AR-320 offset by a decrease in spending on research and development activities for our COVID-19 programs, and a decrease in license and permit fees.
- General and Administrative Expenses: General and administrative expenses decreased slightly by approximately $13,000 to approximately $1.7 million for the quarter ended June 30, 2022 from approximately $1.7 million for the quarter ended June 30, 2021. This decrease was primarily due to reduction in stock compensation expense and state taxes, offset by an increase in personnel related costs and liability insurance.
- Interest Income (Expense) net: Net interest income was approximately $8,000 for the quarter ended June 30, 2022, compared to approximately zero interest income for the quarter ended June 30, 2021. The interest income was primarily due to interest earned on our cash-on-hand during the second quarter of 2022.
- Other Income: Other income increased to $23,000 for the quarter ended June 30, 2022, from approximately $22,000 for the quarter ended June 30, 2021. The income was primarily due to a sublease agreement we entered into with a tenant in March 2021 to sublet a small portion of our Los Gatos facility.
- Gain on Extinguishment of Paycheck Protection Program Loan: There was no extinguishment of debt for the quarter ended June 30, 2022. Gain on extinguishment of the Paycheck Protection Program loan was approximately $722,000 for the quarter ended June 30, 2021.
- Change in Fair Value of Note Payable: The fair value of note payable increased by $273,000 for the quarter ended June 30, 2022 compared to zero for the quarter ended June 30, 2021. The increase was due to an updated fair valuation calculation for our outstanding debt.
- Common Stock: During the three and six-month period ended June 30, 2022, the Company had not sold any shares of common stock under the ATM Sales Agreement. The ATM Sales Agreement facility currently cannot be used without the Company updating certain required conditions. The Company presently has no plans to update such required conditions.
- Net Loss: The net loss available to common stockholders for the quarter ended June 30, 2022 was approximately $8.0 million, a $0.45 net loss per share, compared to a net loss available to common stockholders of approximately $5.5 million, a $0.49 net loss per share, for the quarter ended June 30, 2021. The weighted average common shares outstanding used in computing net loss per share available to common stockholders was approximately 17.7 million and approximately 11.2 million for the second quarter of 2022 and 2021, respectively.
About Aridis Pharmaceuticals, Inc.
Aridis Pharmaceuticals, Inc. discovers and develops anti-infectives to be used as first-line treatments to combat antimicrobial resistance (AMR) and viral pandemics. The Company is utilizing its proprietary ʎPEX™ and MabIgX® technology platforms to rapidly identify rare, potent antibody-producing B-cells from patients who have successfully overcome an infection, and to rapidly manufacture mAbs for therapeutic treatment of critical infections. These mAbs are already of human origin and functionally optimized by the natural human immune system for high potency. Hence, they are already fit-for-purpose and do not require further engineering optimization to achieve full functionality.
The Company has generated multiple clinical stage mAbs targeting bacteria that cause life-threatening infections such as ventilator associated pneumonia (VAP) and hospital acquired pneumonia (HAP), in addition to preclinical stage antibacterial and antiviral mAbs. The use of mAbs as anti-infective treatments represents an innovative therapeutic approach that harnesses the human immune system to fight infections and is designed to overcome the deficiencies associated with the current standard of care, which is broad spectrum antibiotics. Such deficiencies include, but are not limited to, increasing drug resistance, short duration of efficacy, disruption of the normal flora of the human microbiome and lack of differentiation among current treatments. The mAb portfolio is complemented by a non-antibiotic novel mechanism small molecule anti-infective candidate being developed to treat lung infections in cystic fibrosis patients. The Company's pipeline is highlighted below:
Aridis' Pipeline
AR-301 (VAP). AR-301 is a fully human IgG1 mAb currently in Phase 3 clinical development targeting gram-positive S. aureus alpha-toxin in VAP patients.
AR-501 (cystic fibrosis). AR-501 is an inhaled formulation of gallium citrate with broad-spectrum anti-infective activity being developed to treat chronic lung infections in cystic fibrosis patients. This program is currently in a Phase 2a clinical study in CF patients.
AR-320 (VAP). AR-320 is a fully human mAb targeting S. aureus alpha-toxin for prevention of VAP. Statistically significant Phase 2 data in the target population of those ≤ 65 years of age was published in the September 2021 Lancet Infectious Diseases journal. The Company has completed discussions with the EMA and FDA on study design and recently launched the Phase 3 study.
AR-701 (COVID-19). AR-701 is a cocktail of fully human mAbs discovered from convalescent COVID-19 patients that target multiple sites on the spike proteins of the SARS-CoV-2 virus.
AR-101 (HAP). AR-101 is a fully human IgM mAb in Phase 2 clinical development targeting Pseudomonas aeruginosa liposaccharides serotype O11, which accounts for approximately 22% of all P. aeruginosa hospital acquired pneumonia cases worldwide. This program is licensed to the Serum Institute of India and Shenzhen Arimab.
AR-201 (RSV infection). AR-201 is a fully human IgG1 mAb directed against the F-protein of diverse clinical isolates of respiratory syncytial virus (RSV). This program is licensed exclusively to the Serum Institute of India.
AR-401 (blood stream infections). AR-401 is a fully human mAb preclinical program aimed at treating infections caused by gram-negative Acinetobacter baumannii.
For additional information on Aridis Pharmaceuticals, please visit https://aridispharma.com/.
Forward-Looking Statements
Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties. These statements may be identified by the use of words such as "anticipate," "believe," "forecast," "estimated" and "intend" or other similar terms or expressions that concern Aridis' expectations, strategy, plans or intentions. These forward-looking statements are based on Aridis' current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, the need for additional financing, the timing of regulatory submissions, Aridis' ability to obtain and maintain regulatory approval of its existing product candidates and any other product candidates it may develop, approvals for clinical trials may be delayed or withheld by regulatory agencies, risks relating to the timing and costs of clinical trials, risks associated with obtaining funding from third parties, management and employee operations and execution risks, loss of key personnel, competition, risks related to market acceptance of products, intellectual property risks, risks related to business interruptions, including the outbreak of COVID-19 coronavirus, which could seriously harm our financial condition and increase our costs and expenses, risks associated with the uncertainty of future financial results, Aridis' ability to attract collaborators and partners and risks associated with Aridis' reliance on third party organizations. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Actual results could differ materially from those described or implied by such forward-looking statements as a result of various important factors, including, without limitation, market conditions and the factors described under the caption "Risk Factors" in Aridis' 10-K for the year ended December 31, 2021, and Aridis' other filings made with the Securities and Exchange Commission. Forward-looking statements included herein are made as of the date hereof, and Aridis does not undertake any obligation to update publicly such statements to reflect subsequent events or circumstances.
Contact:
Investor Relations
Dave Gentry, CEO
RedChip Companies
ARDS@redchip.com
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SOURCE Aridis Pharmaceuticals, Inc. | https://www.mysuncoast.com/prnewswire/2022/08/16/aridis-pharmaceuticals-announces-second-quarter-2022-financial-results-business-update/ | 2022-08-16T21:02:12Z |
MUNICH (AP) — Less than a year after he nearly retired from golf, Li Haotong achieved his third career European tour win and first since 2018 at the BMW International Open on Sunday.
Li sank to the ground with loud exclamations of joy and relief after beating Thomas Pieters with a 40-foot birdie putt on the first playoff hole. It was a huge turnaround from 2021, when he only made the cut at two European tour events all year and considered leaving the sport behind.
“Ten months ago … I just literally decided to quit golf. Somehow, where I am now, it’s hard to describe,” Li said. “I had no idea I could win this playoff. Luckily, things happened for me again.”
Li had led the tournament since a course record-equaling round of 10-under 62 on the opening day. However, his 2-under 70 Sunday was his worst of the tournament and Li looked like he might have blown his chance when a bogey on the 15th left him in a three-way tie with Pieters and Ryan Fox.
A symbol of Li’s struggles was the par-five No. 6, where he had bogey after eagles in his previous three rounds
Li recovered with birdies on the 16th and 17th but missed a birdie putt which could have won the tournament on the final hole.
Li then won a playoff for the first time in his career with a birdie as Pieters failed to sink a 10-foot putt.
The tournament took place amid simmering tension over players signing with the breakaway Saudi-backed LIV series.
Unlike the PGA Tour, the European tour stopped short of issuing indefinite suspensions from all its competitions even if players took part in the lucrative inaugural LIV tournament in England this month, but i t did issue fines Friday and suspended them from three tournaments co-sanctioned with the PGA, including the Scottish Open.
Ten golfers who played the first LIV event were in the field in Munich, with Pablo Larrazábal the best performer, finishing five strokes off the lead, and Louis Oosthuizen one stroke further back.
Two-time major winner Martin Kaymer played this week and said the European tour’s warning of future punishment for golfers who continue with LIV won’t stop him playing more Saudi-run tournaments.
“I’ll play all of the LIV tournaments until the end of the year and let’s see how the sanctions look again after that,” Kaymer said in comments reported by Germany’s dpa agency. “You don’t like to get some kind of sanctions each week because you’ve played a tournament somewhere else.”
___
More AP golf: https://apnews.com/hub/golf and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/li-beats-pieters-in-playoff-to-win-bmw-international-open/ | 2022-06-27T19:02:33Z |
HONG KONG, June 29, 2022 /PRNewswire/ -- NetDragon Websoft Holdings Limited ("NetDragon" or "the Company", Hong Kong Stock Code: 777), a global leader in building internet communities, is pleased to announce that its subsidiary Promethean, a leading global education technology company, has entered into a US-based exclusive distribution agreement with Merlyn Mind, Inc. Under the new distribution agreement, Promethean will distribute Symphony Classroom™, the voice-activated artificial intelligence (AI) solution that brings the Merlyn digital assistant to teachers. With the alliance, customers will be able to purchase Symphony Classroom directly through Promethean's network of resellers.
Symphony Classroom delivers the Merlyn digital assistant custom-built for the unique needs of education — enabling teachers to use voice commands or a remote to control their laptops, interactive displays, internet browsers, apps, and more. Supported by Symphony Classroom's EdgeAI® technology that allows lightning-fast responsiveness, Merlyn frees teachers to move around the classroom so they can interact with students, simplifies everyday classroom tasks, and improves overall efficiency and productivity.
"Promethean's ActivPanel is the interactive display of choice for millions of teachers who rely on our technology to drive student engagement and spark their imagination," said Vin Riera, Chief Executive Officer at Promethean. "By adding Symphony Classroom to our portfolio, we will make it easier for educators to teach freely, supporting a student-centered environment that increases participation."
Under the terms of the agreement, Promethean will have licensing rights to sell Symphony Classroom to new and existing customers throughout the United States, providing educators with innovative solutions that transform learning and collaboration. The Symphony Classroom offering includes feature updates, software patches, and a hardware warranty.
"At Merlyn Mind, we're using the latest advances in AI to give teachers what they want most – the freedom to teach," said Satya Nitta, co-founder and Chief Executive Officer at Merlyn Mind. "The AI software platform allows Merlyn to quickly respond to teacher commands and integrate with daily-used applications, simplifying work for teachers and in turn, leaving more time for students. We look forward to our new relationship with Promethean, so that we can bring our classroom management solution to a wider base of audience."
Learn more about Promethean and Merlyn Mind here.
About NetDragon Websoft Holdings Limited
NetDragon Websoft Holdings Limited (HKSE: 0777) is a global leader in building internet communities with a long track record of developing and scaling multiple internet and mobile platforms that impact hundreds of millions of users, including previous establishments of China's first online gaming portal, 17173.com, and China's most influential smartphone app store platform, 91 Wireless.
Established in 1999, NetDragon is one of the most reputable and well-known online game developers in China with a history of successful game titles including Eudemons Online, Heroes Evolved, Conquer Online and Under Oath. In recent years, NetDragon has also started to scale its online education business on the back of management's vision to create the largest global online learning community, and to bring true integrated blended learning solutions to every school around the world.
About Promethean
Promethean is a leading education technology company working to transform the way the world learns and collaborates. From our founding in Blackburn, England, more than 25 years ago to our global operations in 22 countries today, we've continued to explore, innovate, and inspire —designing learning and collaboration tools that are built for breakthroughs. Our award-winning interactive display, ActivPanel, and lesson delivery software, ActivInspire and ClassFlow, were designed to engage students, connect colleagues, and bring out the brilliance in everyone. With headquarters in Seattle, Washington, and offices worldwide, Promethean is a subsidiary of NetDragon Websoft Holdings Limited (HKSE: 0777).
About Merlyn Mind
Merlyn Mind is the AI technology company behind Merlyn, the digital assistant for education. Merlyn seamlessly integrates into classrooms and existing edtech tools to automate everyday workflows for teachers so they can focus more time and attention on students. Merlyn is accessed through Symphony Classroom, an AI hub custom-built for the unique needs of education. Merlyn Mind is backed by Learn Capital. The company has attracted top talent from IBM Watson, Amazon Alexa, Google, Microsoft, Facebook, Broadcom, the Allen Institute for AI, and other innovative organizations. Merlyn Mind is headquartered in New York City.
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SOURCE NetDragon Websoft Holdings Limited | https://www.mysuncoast.com/prnewswire/2022/06/29/netdragons-promethean-reaches-strategic-cooperation-with-merlyn-mind-drive-classroom-productivity-innovative-teaching/ | 2022-06-29T04:41:57Z |
STOCKHOLM, Sept. 13, 2022 /PRNewswire/ -- Hygiene and health company Essity is being affected by additional cost increases. Prices for electricity and gas have risen sharply in Europe since July 2022. Costs for the company's raw materials have also risen significantly in the third quarter. Essity is therefore announcing new comprehensive price increases for all product categories and markets.
"The cost headwinds have worsened further. We will manage this situation through new comprehensive price increases and energy price surcharges and are continuing to invest in our strong offering under leading brands and to supply essential hygiene and health solutions to Essity's customers and consumers every day," says Magnus Groth, President and CEO, Essity.
The timing and degree of the price increases will be managed locally.
NB: This information is such that Essity Aktiebolag (publ) is obligated to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 07:00 CET on September 13, 2022.
Karl Stoltz, Media Relations Manager, +46 709 426 338
For further information, please contact:
Per Lorentz, Vice President Corporate Communications, +46 733 13 30 55, per.lorentz@essity.com
Johan Karlsson, Vice President Investor Relations, +46 705 11 15 81, johan.ir.karlsson@essity.com
This information was brought to you by Cision http://news.cision.com
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SOURCE Essity | https://www.wibw.com/prnewswire/2022/09/13/additional-cost-increases-require-new-comprehensive-price-increases/ | 2022-09-13T06:55:52Z |
The Catawba Digital Economic Zone (CDEZ) creates a regulatory environment that can keep pace with the speed of Web3 innovation and provide a stable legal framework for the founding of decentralized organizations
ROCK HILL, S.C., June 2, 2022 /PRNewswire/ -- The Catawba Digital Economic Zone (CDEZ), established earlier this year by The Catawba Indian Nation, has launched a comment period for the development of regulations pertaining to Decentralized Autonomous Organizations (DAOs). The Advance Notice of Proposed Rule-Making (ANPRM), that was passed by CDEZ regulators, opens a public comment period where industry experts and community members can give feedback on DAO regulations via forms on the CDEZ website, email, or on the CDEZ Discord server. The comment period ends on July 15th, 2022.
While states like Wyoming have started experimenting with recognizing DAOs as legal entities, sovereign states have been slow to follow suit, including the U.S. government. With the backing of a sovereign tribal government, the CDEZ has an opportunity to become one of the first sovereign nations to build a legal structure for DAOs from the ground up. This request for feedback is focused on a number of areas in DAO legal structure including, but not limited to, membership management, KYC, quorum, and securities law.
"Our goal with this rule-making around DAOs is to create a structure that enables innovation, rather than forbidding it. We want to take the best practices from regulatory environments across the world to make the CDEZ the obvious choice for anyone that is looking to start a DAO," said Joseph McKinney, Founder and CEO of the Catawba Digital Economic Zone.
The CDEZ, with a model similar to Estonia's eResidency, allows anyone in the world to set up an eCorporation online and take advantage of policies and regulations that allow them to safely manage their digital assets, raise investment capital, and offer digital banking services. eCorporations are legal corporations, permitted to conduct business virtually from the CDEZ, and can open bank accounts within the United States. The CDEZ is a regulatory sandbox protected by the high walls of U.S. treaty obligations.
TheLawyer, a pseudonym for the Head of Legal at KlimaDAO said, "We look forward to participating in this process with the Catawba Digital Economic Zone to create a regulatory structure for DAOs that provides regulatory clarity to DAOs around their day-to-day operations and empowers innovation, all while protecting consumers. As legal experts on Web3 and DAOs, we have been exploring many regulatory solutions for this emerging field, and are encouraged by CDEZ's willingness to work with the industry to build a stable space for Web3 experimentation."
The CDEZ is a sovereign regulatory zone, established and backed by the Catawba Indian Nation. The CDEZ moves at the speed of innovation. Founders and developers that incorporate in the CDEZ can rest assured that they will have a clear regulatory and legal framework that adapts based on their needs - without the need for archaic paperwork and in-person headaches.
Sam Polstein
sam@tuskholdings.com
+1.646.337.1472
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SOURCE Catawba Digital Economic Zone | https://www.kxii.com/prnewswire/2022/06/02/tribal-nation-backed-economic-zone-solicits-feedback-new-dao-regulatory-structure/ | 2022-06-02T17:33:23Z |
CHARLOTTE, N.C. and FRANKENMUTH, Mich., June 7, 2022 /PRNewswire/ -- Joerns Healthcare, a healthcare technology and equipment services company, announced the addition of consulting telerespiratory services to its portfolio through an exclusive agreement with rtNOW. Joerns will initially leverage the respiratory services of rtNOW, which include registered, certified respiratory therapists to provide remote tele-connected delivery for proper device/therapy setup, ongoing use and troubleshooting for caregivers and clinicians along the clinical pathway. The inclusion of the rtNOW telehealth capability complements the existing BioIntelliSense remote patient monitoring (RPM) solution that is part of Joerns first-in-class Connexio™ platform.
rtNOW brings unique and comprehensive capabilities to the respiratory care field and has quickly been recognized as a leader in delivering clinician education, patient support and device training from their remote learning and support portal. Users can connect directly from anywhere with a respiratory therapist by simply clicking on a provided link. The rtNOW platform uses high quality video via a proprietary HIPPA compliant link, allowing a telerespiratory therapist to not only answer questions, but view settings on respiratory equipment, provide just-in-time education, and troubleshoot equipment issues.
"Telehealth has become essential in value-based care. We are excited to continually drive healthcare forward with these kinds of innovative services that empower providers, caregivers, their patients and families at the point-of-care, no matter where that happens to be," said Doug Ferguson, chief strategy officer for Joerns Healthcare. "rtNOW is another example of a clinical technology solution that Joerns is bringing to market that can be used standalone, or in concert with our other AI-enabled technologies, to help in the transition from a bed-centered care system to a patient-centered care ecosystem. Our partnership with rtNOW brings another powerful tool into our remote patient monitoring offering, allowing the effective and safe care of the patient anywhere."
"We are thrilled to partner with Joerns to provide long-term healthcare facilities with access to our telerespiratory therapists," says Curt Merriman, chief sales officer at rtNOW. "We both have our eyes on the future, and the inclusion of our AI-driven services within their growing technology portfolio provides a cost-effective, turnkey, and scalable solution, further simplifying the experience for their customers."
About rtNOW
rtNOW is a unique telehealth service directed at empowering respiratory care for HME companies and in rural and urban healthcare locations in outpatient and inpatient settings. Professional, experienced respiratory therapists provide remote PAP set-ups, home non-invasive ventilator follow-ups, and remote physiological monitoring for patients. Our inpatient telerespiratory therapists assist nursing colleagues with respiratory care knowledge and experience at the bedside. Visit rtNOW.com for more information.
About Joerns Healthcare
Joerns Healthcare is a healthcare technology and equipment services company focused on driving the transformation of care nationally across the post-acute continuum. We are simplifying the complex post-acute care world by providing the technology, professionals, products, and data to help streamline the process, so providers concentrate on care. Joerns brings our national service footprint, the right products, and over 130 years of expertise to help navigate the new complexities that surround accountable care and optimize patient and financial outcomes. Visit Joerns.com for more information.
Media Contact:
Joerns Healthcare
Lindy Plummer
lindy.plummer@joerns.com
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SOURCE Joerns Healthcare | https://www.wibw.com/prnewswire/2022/06/07/joerns-healthcare-introduces-respiratory-telehealth-services-through-rtnow-partnership/ | 2022-06-07T15:37:24Z |
The signature store will offer gas-free environmentally friendly solutions to local commuters
MIAMI, July 14, 2022 /PRNewswire/ -- NIU Technologies (NASDAQ: NIU), the world-leader in two-wheeled electric vehicles is expanding their presence in Florida by opening a flagship store in downtown Miami on Thursday, July 28. The public is invited to celebrate urban mobility, test drive all their smart electric scooters, mopeds and e-bikes and learn about their innovative, sustainable products. The opening party will start at 5:00 p.m. at 86 SW 8th Street, Retail Suite A, Miami, FL 33130 with a live art installation experience by talented local artist, Falopapas.
Visitors to the July 28 event can enjoy refreshments and music from a DJ and will receive the following discounts on products that are valid from July 28 until August 14 in all NIU Florida stores:
- $300 off electric mopeds
- 15 percent off kick scooters
- 20 percent off NIU EUB-01 Electric Bike and NIU UQi+ Sport Moped
- 25 percent off accessories
Also, customer financing options include up to 36 monthly payments with no interest for kick scooters and electric bikes, and a 48-month installment program for mopeds.
"We are so proud to expand our U.S. brick-and-mortar presence with this one-of-a-kind Miami flagship store and partnering with local experts and entrepreneurs, Martin Godoy and Alejandro Zunda Cornell who understands the unique needs and trends of the Miami market," says Benjamin McGill, Head of North America for NIU Technologies. "With gas prices continuing to soar, our main goal is to provide urban commuters with environmentally friendly solutions, revolutionizing the way they travel."
The following electric vehicles that are powered by innovative design and technology will be available to test drive:
- NIU EUB-01 Electric Bike ($2,999)
- NIU KQi2 Pro Electric Kick Scooter ($599)
- NIU KQi3 Pro Electric Kick Scooter ($799)
- NIU UQi+ Sport Moped ($2,499)
- NIU NGi GT/S Moped ($4,449)
- NIU NGi Sport Moped ($3,099)
"With the success of our Fort Lauderdale and Jacksonville NIU flagship stores, we are so honored to open a store in the Miami market to help transition south Florida into a more sustainable region with electric mobility solutions," Juan Garri, Operator of NIU Florida Stores. "We are also thrilled to partner with artist, Falopapas to make the entrance a work of art for a super unique experience that will be exciting to customers."
For additional information about NIU Florida, visit NIUFlorida.com and follow @niumobility on Instagram. To learn more about NIU and their offerings visit NIU.com.
As the world's leader in two-wheeled electric vehicles, NIU is on a mission to redefine urban mobility and make life better. Available in more than 50 countries, NIU has sold over 2,000,000 electric vehicles world-wide since launching their first e-moped in 2015. Designing and manufacturing high-performance electric motorcycles, e-mopeds, e-bikes and kick scooters, as of May 2022, NIU's loyal users and fans have ridden over 7 billion miles around the world. For more company information please visit www.niu.com.
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SOURCE NIU Technologies | https://www.wibw.com/prnewswire/2022/07/14/niu-world-leader-two-wheeled-electric-vehicles-is-opening-flagship-store-miami/ | 2022-07-14T13:07:23Z |
RALEIGH, N.C., July 14, 2022 /PRNewswire/ -- VinFast announced they have received a $1.2 billion incentive package from the State of North Carolina for its electric vehicle manufacturing project in the US. The largest economic incentive package in state history was signed this week by Governor Roy Cooper, making VinFast the first car maker to locate in the North Carolina.
The VinFast's manufacturing facility will be built at the Triangle Innovation Point in Chatham County, North Carolina with a total investment of about $2 billion USD in the first phase.
Covering an area of 2,000 acres, with two main areas: electric cars and buses production and assembly, and ancillary industries for suppliers, VinFast's factory is designed to reach the capacity of 150,000 vehicles per year. When brought into operation, the manufacturing complex will create an ecosystem of suppliers as well as thousands of local jobs, thereby creating both direct and indirect economic benefits.
"North Carolina's partnership with VinFast to bring good, clean energy jobs to North Carolina took an important step forward today with the signing of the budget, said Roy Cooper, Governor of North Carolina. "Electric vehicles, like the ones VinFast will produce in Chatham County, are a critical component of our strategy to reduce greenhouse gas emissions and build North Carolina into a hub for the clean energy economy."
"VinFast applauds North Carolina for their efforts and determination in advancing the state's clean energy economy and carbon mitigation goals," said Van Anh Nguyen, CEO of VinFast Manufacturing US. "This investment by the State of North Carolina is the starting point for a future marked by innovation, job creation, and economic growth. Today exemplifies how government and industry can come together to pursue a brighter future."
Phase one of the project will start construction in the second half of 2022 and production is expected to commence from July 2024. The factory establishment once again affirms VinFast's commitment to expand its business and invest in key locations across the US and globally.
In North Carolina, VinFast will be the first car factory and the largest economic development project in the state's history to date.
"The North Carolina General Assembly is thrilled that VinFast chose North Carolina for its monumental expansion," said Phil Berger, President Pro Tempore of the North Carolina Senate. "There's no question the business-friendly policies we've prioritized over the last decade played a pivotal role in VinFast's plan to bring thousands of good-paying jobs to North Carolina."
"North Carolina is heading into an exciting era of innovation with one of our newest corporate citizens, VinFast," said Tim Moore, Speaker of the North Carolina House of Representatives. "As our state continues its growth with new and expanding businesses, we will continue to work alongside VinFast as the company establishes roots in North Carolina and brings new jobs and opportunities for North Carolinians."
VinFast has also received critical financial support from the City of Sanford, Chatham County and the Golden Leaf Foundation. The complete incentive package includes:
- Job Development Investment Grant of $316 million over 32 years
- State appropriation of $450 million, to cover site preparations, road improvements, and additional water and sewer infrastructure.
- Community college training worth $38 million
- Golden Leaf Foundation grant of $50 million
- $400 million in incentives from Chatham County
Additionally, VinFast has received incentives from commercial organizations in the State of North Carolina, which is excluded from the government budget, up to hundreds of millions USD
VinFast – a member of Vingroup – envisioned to drive the movement of global smart electric vehicle revolution. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability in Hai Phong, Vietnam.
Strongly committed to the mission for a sustainable future for everyone, VinFast constantly innovates to bring high-quality products, advanced smart services, seamless customer experiences, and pricing strategy for all to inspire global customers to jointly create a future of smart mobility and a sustainable planet. Learn more at: https://vinfastauto.us.
Established in 1993, Vingroup is one of the leading private conglomerates in the region, with a total capitalization of $35 billion USD from three publicly traded companies (as of November 4, 2021). Vingroup currently focuses on three main areas: Technology and Industry, Services and Social Enterprise. Find out more at: https://www.vingroup.net/en.
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SOURCE VinFast Automotive | https://www.wibw.com/prnewswire/2022/07/14/vinfast-receives-12-billion-incentives-us-manufacturing-hub-north-carolina/ | 2022-07-14T16:12:42Z |
Purple alert issued for woman and her son
Published: Aug. 2, 2022 at 9:29 PM EDT|Updated: 53 minutes ago
SARASOTA, Fla. (WWSB) - A purple alert has been issued by the Sarasota County Sheriff’s Office regarding the disappearance of Corinne Dunnigan and her 5-year-old son Kelvin Chirinos. According to the report, Corinne left her home on July 30th with Kelvin and is allegedly traveling from Alabama to Georgia.
The purple alert is used for missing or endangered adults and was issued at 6:10 P.M. on August 1st. It states that Corinne drives a 2022 Black Hyundai Santa Fe with the Florida tag 8164AN and asks that anyone who has seen Corrine or Kelvin contact the Sarasota County Sheriff’s Office at 941-316-1201
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/08/03/purple-alert-issued-woman-her-son/ | 2022-08-03T02:24:04Z |
CHARLOTTESVILLE, Va., May 26, 2022 /PRNewswire/ -- Virginia National Bankshares Corporation (the "Company") (NASDAQ: VABK) announced today that on May 25, 2022, its Board of Directors declared a quarterly cash dividend of $0.30 per share to be paid on June 24, 2022 to shareholders of record as of June 10, 2022. The quarterly cash dividend represents an annual yield to shareholders of approximately 3.68% based on the closing price of the Company's common stock on May 25, 2022.
About Virginia National Bankshares Corporation
Virginia National Bankshares Corporation, headquartered in Charlottesville, Virginia, is the bank holding company for Virginia National Bank. The Bank has ten banking offices throughout Fauquier and Prince William counties, four banking offices in Charlottesville and Albemarle County, and banking offices in Winchester and Richmond, Virginia. The Bank offers a full range of banking and related financial services to meet the needs of individuals, businesses and charitable organizations, including the fiduciary services of VNB Trust and Estate Services. The Bank also offers, through its networking agreements with third parties, investment advisory and other investment services under Sturman Wealth Advisors. Investment management services are offered through Masonry Capital Management, LLC, a registered investment adviser and wholly-owned subsidiary of the Company.
The Company's common stock trades on the Nasdaq Capital Market under the symbol "VABK." Additional information on the Company is also available at www.vnbcorp.com.
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SOURCE Virginia National Bankshares | https://www.mysuncoast.com/prnewswire/2022/05/26/virginia-national-bankshares-corporation-announces-cash-dividend/ | 2022-05-26T13:35:05Z |
NASHVILLE, Tenn., April 20, 2022 /PRNewswire/ -- Waller Lansden Dortch & Davis, LLP is pleased to announce the addition of Bruce E. Toppin, III, a Texas-based financial services attorney with 15 years of experience working with banks, thrifts and other financial institutions across the United States.
"Bruce is known throughout the Texas market, and he has a wealth of banking experience," said Robert L. Harris, leader of Waller's financial services industry team. "He's an excellent complement to Waller's banking and financial services teams, and our clients will benefit greatly from the skills and perspective he brings to the table."
Toppin's corporate and commercial transaction expertise includes M&A, securities offerings, the formation of holding companies, de novo charters, regulatory applications and compliance issues, corporate governance, enforcement actions, and more. His financial service practice additionally includes commercial finance experience representing both lenders and borrowers in a broad range of secured and unsecured debt financings, including term loans, lines of credit, government guaranteed loans, loan participations, modifications, renewals and assumptions.
Toppin, a lifelong Texan, is an active member of the Independent Bankers Association of Texas and the Texas Bankers Association. He is the former Executive Director of the Subchapter S Bank Association. He earned his J.D. from St. Mary's University School of Law and his B.B.A. in Finance from Texas Tech University. He serves on the Board of Directors of the YMCA of Greater San Antonio.
About Waller
With nearly 300 attorneys across Tennessee, Alabama and Texas, Waller assists clients in complex transactional, regulatory and litigation matters. The firm has a national reputation in healthcare and financial services and boasts robust practices in private equity and real estate. Waller was named one of the best law firms for women by Working Mother and was spotlighted by Chambers Associate as one of the nation's leading firms for recruiting, retaining and supporting legal talent. Waller is ranked as Nashville's largest law firm by the Nashville Business Journal and was awarded a Best Places to Work award by the Nashville Business Journal and the Birmingham Business Journal four years in a row.
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SOURCE Waller Lansden Dortch & Davis, LLP | https://www.wibw.com/prnewswire/2022/04/20/financial-services-attorney-bruce-toppin-joins-waller-texas/ | 2022-04-20T20:34:09Z |
Elotek Will Now Provide Full Sales Representation of the Leader in Force Measurement's Products in California, Arizona, New Mexico, and all of Nevada
SCOTTSDALE, Ariz., April 6, 2022 /PRNewswire/ -- Interface, the leader in force measurement solutions, has announced the expansion of territory coverage by Elotek Systems, a professional, highly-technical marketing organization structured to sell solutions in sensor, data acquisition, instrumentation, OEM, and telemetry markets. Elotek will now offer Interface's extensive catalog of the industry's most accurate and reliable sensors and instrumentation to customers in Arizona, California, New Mexico, and all Nevada.
For several years, Elotek Systems has represented Interface products and services in Colorado, Utah, Wyoming, Idaho, Montana, Alaska, Hawaii, and most of Nevada. The expanded partnership increases the territorial coverage throughout the western regions of the U.S.
"Elotek is excited to add Interface force measurement solutions to the line of products we represent in Arizona, California, New Mexico and Nevada," said Mike Elovitz, president and CEO, Elotek Systems. "With Interface, we are enhancing our offering in these states by bringing a complete line of precision load cells, load pins, torque transducers, multi-axis sensors, instrumentation and more. We have a staff of 19 team members ready to help resolve measurement issues and provide precision quality products."
Elotek Systems, Inc. was founded in 1981. They have decades of experience selling a variety of engineering, manufacturing, and test solutions. Servicing both the engineers and purchasing managers, the organization provides technical assistance and demonstrations of the most complex products.
Elotek's customer base includes organizations across in aerospace and defense, industrial, medical, OEM, R&D, test & measurement labs, universities, and energy markets.
"Elotek Systems is an outstanding sales partner and has our complete confidence in its ability to serve Interface customers in these additional regions," said Brian Peters, vice president of sales, Interface. "We look forward to working in close collaboration to support our existing customers and growing our market share in these areas with those that benefit from utilizing the industry's best in quality and accurate sensor solutions."
To learn more about Interface, our global sales network, growing line of force measurement solutions, please visit https://www.interfaceforce.com/.
About Interface, Inc.
Interface is the world's trusted leader in technology, design, and manufacturing of force measurement solutions. Our clients include a "who's who" of the aerospace, automotive and vehicle, medical device, energy, industrial manufacturing, test and measurement industries. Interface engineers around the world are empowered to create high-level tools and solutions that deliver consistent, high-quality performance. These products include load cells, torque transducers, multi-axis sensors, wireless telemetry, instrumentation, and calibration equipment. Interface, Inc., was founded in 1968 and is a U.S.-based woman-owned technology manufacturing company headquartered in Scottsdale, Arizona. For more information, please visit https://www.interfaceforce.com.
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SOURCE Interface | https://www.mysuncoast.com/prnewswire/2022/04/06/interface-expands-sales-partnership-with-elotek-systems-carry-product-lines-support-four-additional-regions/ | 2022-04-07T05:58:20Z |
DALLAS, Aug. 31, 2022 /PRNewswire/ -- Securus Technologies, an Aventiv company driving efforts to better serve the incarcerated through rehabilitative justice, spearheaded the first-ever "Original Hip-Hop Track Contest" for individuals incarcerated in Department of Corrections facilities throughout the U.S. This contest, organized in partnership with Grammy Award-winning rapper Lecrae, gave the incarcerated the opportunity to showcase their musical talents and bring hope through the power of lyrics.
The winning song, submitted by Carmela Mose, has been exclusively released today for free to incarcerated individuals who have access to the Securus and JPay media stores on their tablets. The song is also available to the general public through streaming services such as Spotify and Apple Music. All proceeds from the song made through streaming services benefit the Prison Fellowship, a nonprofit organization working to bring hope and restoration to the incarcerated, their families, and communities impacted by crime and incarceration.
Through this inaugural contest, thousands of incarcerated individuals had the opportunity to submit original lyrics to one of three beats produced by hip-hop record producer Zaytoven. Students enrolled at Morris Brown College's Department of Music, a historically Black college located in Atlanta, reviewed the entries and selected the top 25 finalists. Lecrae chose the winning lyrics that were submitted by Carmela Mose, a 37-year-old woman of Mexican and Samoan descent, who is currently incarcerated at the Central California Women's Facility (CCWF).
Carmela grew up in a broken home plagued by violence and abuse in Long Beach, California. She was conditioned to be violent after following the footsteps of those who were supposed to show her love and support. Leaving that abusive environment at a young age, Carmela left home with no ID, no place to live, poor social skills, mental health issues, and an addiction to methamphetamines, all of which made it virtually impossible for her to secure employment and create a successful life for herself. While her hardships led her into a life of crime at an early age, Carmela is now focused on and committed to her rehabilitation at the corrections facility, where she works in the Prison Industry Authority's Career Technical Education (PIA CTE) Carpentry/Laborers Pre-Apprenticeship Program and is one class away from earning her associates degree from Feather River Community College.
In late July, Lecrae visited CCWF and recorded Carmela's original song "I Think" onsite in a room dedicated to educational learning. The song, recorded under Carmela's artist name Good, was then mastered by Lecrae's label Reach Records, creating a once-in-a-lifetime experience and opportunity for both Lecrae and Carmela.
"Being given the opportunity to be supported, and listened to, by so many talented visionaries has been a truly humbling experience," said contest winner Carmela Mose, AKA Good. "As I sat there recording my track, I felt a stark contrast between the me who was rapping into that mic, and the old me that was sitting on a bus on the way to prison. I'm grateful for that confirmation. Thank you so very much to all the folks at Securus, Reach Records, and Lecrae for lifting me up and getting me started on my amends."
"Recording this track with Carmela onsite at a maximum-security prison facility, which houses many other inspiring women, was an absolutely life-changing experience for me. I'm proud to be part of a campaign that invests in those who often feel forgotten, and hopefully this contest will open doors for other creative campaigns to reach the incredible talent behind bars," said Lecrae, who is also known for his social justice and faith-based activism. "Music is part of my soul, and I am humbled to share my gift and create songs that help uplift others. Carmela now has that same feeling as her work ethic, talent, and beautifully written lyrics will inspire the lives of so many."
The campaign is an example of Securus Technologies' further investment in the incarcerated community, encouraging individuals to explore and celebrate their musical and artistic talents.
"We knew this campaign would change the life of one lucky winner, but we didn't anticipate the impact Carmela's experience would have on all of us as after we read her lyrics, watched her passion during the recording, and learned of her personal story and battle to become who she is today," said Dave Abel, President and CEO of Aventiv Technologies, the parent company of Securus Technologies. "The objective of this campaign was to ignite creativity and encourage participants to translate their passion through lyrics. We are honored to have the opportunity to work with Carmela and all the contest participants and look forward to continuing to host more creative campaigns to bring hope to the incarcerated community."
Carmela Mose's winning song "I Think" is accessible for FREE to the incarcerated and it is available for purchase through streaming services, such as Spotify. The song lyrics and photos can be found here. Footage of the campaign is available here. Additional information about the contest can be found here.
Headquartered in Carrollton, Texas, Securus Technologies, a subsidiary of Aventiv Technologies, serves more than 3,450 public safety, law enforcement and corrections agencies and over 1,100,000 incarcerated individuals across North America. The Aventiv organization is committed to providing emergency response, incident management, public information, investigation, biometric analysis, communication, information management, incarcerated self-service, and monitoring products and services in order to make our world a safer place to live. For more information, please visit www.Aventiv.com. Aventiv is a portfolio company of Platinum Equity. Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with a portfolio of approximately 40 operating companies that serve customers around the world.
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SOURCE Aventiv | https://www.kxii.com/prnewswire/2022/08/31/securus-technologies-grammy-award-winning-artist-lecrae-release-song-first-ever-hip-hop-track-contest-incarcerated-individuals/ | 2022-08-31T21:25:39Z |
NEW YORK, June 9, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Pegasystems Inc. ("PEGA" or the "Company") (NASDAQ: PEGA) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of PEGA investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of all persons and entities that purchased PEGA common stock between May 29, 2020 and May 9, 2022, inclusive. Follow the link below to get more information and be contacted by a member of our team:
PEGA investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) PEGA had engaged in corporate espionage and misappropriation of trade secrets to better compete against Appian, a principal competitor; (2) defendants' product development and associated success was, in significant part, not the result of its own research and product testing but rather the result of such corporate espionage and trade secret theft; (3) defendants had engaged in a scheme to steal Appian trade secrets, which was not only known to, but carried out through, the personal involvement of the Company's CEO; (4) the Company's CEO and other officers and employees did not comply with the Company's written Code of Conduct, including its express prohibition on "stealing" confidential information from a competitor and "misrepresenting your identity in hopes of obtaining confidential information"; (5) the Company was "unable to reasonably estimate damages" in the lawsuit filed by Appian as a result of the foregoing misconduct (the "Appian Litigation"); and (6) as a result of the foregoing, defendants' statements about PEGA's business, operations, prospects, legal compliance, and potential damages exposure in the Appian Litigation were materially false and/or misleading and/or lacked a reasonable basis when made.
WHAT'S NEXT? If you suffered a loss in PEGA during the relevant time frame, you have until July 18, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP | https://www.wibw.com/prnewswire/2022/06/09/pega-lawsuit-alert-levi-amp-korsinsky-notifies-pegasystems-inc-investors-class-action-lawsuit-upcoming-deadline/ | 2022-06-09T10:38:04Z |
1 dead, 1 hurt in beach sand collapse
Published: May. 18, 2022 at 6:21 AM CDT|Updated: 47 minutes ago
TOMS RIVER, N.J. (Gray News) - One person is dead and another hurt after a sand collapse at a New Jersey beach.
Authorities said the siblings were digging in the sand when they became trapped.
A person who helped in the rescue said the hole was about 6 feet deep, and many bystanders tried to dig them out, KYW reported.
Emergency crews worked to free them and were able to rescue a 17-year-old girl. Her 18-year-old brother, identified as Levy Caverley, died at the scene, KYW said.
Police say the two were visiting from Maine with family.
Copyright 2022 Gray Media Group. All rights reserved. CNN Newsource contributed to this report. | https://www.kxii.com/2022/05/18/1-dead-1-hurt-beach-sand-collapse/ | 2022-05-18T12:09:06Z |
LAKE OCONEE, Ga., Aug. 17, 2022 /PRNewswire/ -- Escape to a destination like no other and discover your love for independent lodging and the passion and hospitality the innkeepers have at Select Registry Distinguished Inns of North America properties. Our upscale boutique hotels, inns, and bed and breakfasts give travelers an exceptional and authentic guest experience that only a select group of independent properties can offer.
In an increasingly impersonal world, there are advantages to the hospitality and service of a seasoned innkeeper. It's all in the details at our quality-approved properties. At these unique properties, some of the special touches you may find include made-to-order breakfasts, afternoon snacks, social hour, and inviting accommodations. The spirit of hospitality is alive at Select Registry's collection of distinguished inns.
"With over 260 properties in the Select Registry collection, guests are guaranteed a one-of-a-kind experience, a high level of professionalism, and a warm welcome," said Mark Reichle, CEO of Select Registry. "Though the industry has changed with evolving technology and trends, especially in recent years– nothing can replace the dedication of a hospitable innkeeper. Select Registry properties have provided unparalleled hospitality for over 50 years."
Though the properties in Select Registry are each unique in their own way, they all share the same enthusiasm for community and commitment to a wonderful guest experience. Many travelers visit specific properties repeatedly because of the warm reception and bond they have forged with the innkeepers over the years.
Sherri Campbell Fenton, owner and operator of Inn at Black Star Farms, a Select Registry property located in Suttons Bay, Michigan, received this recent feedback from a guest, "Black Star Farms is truly one of our happy places. The service delivery in all aspects is and always has been excellent. Everyone makes the place feel like home. Thank you for making our first post-covid adventure such a wonderful memory."
Walt Wyss, owner, and innkeeper of Select Registry properties El Farolito Bed & Breakfast and Four Kachinas Inn received this feedback from a recent guest, "We spent six nights at this beautiful, quiet, and well-located bed and breakfast and did not want to leave. Our room was one of the most comfortable we have experienced and the owners and staff do their utmost to make sure that you enjoy your stay. As we were leaving for the airport, our rental car wouldn't start. Walt, one of the Four Kachinas owners, drove us in his car so we wouldn't miss our plane. His prompt and helpful response got us to the airport on time and was very appreciated. We loved Santa Fe and highly recommend Four Kachinas."
These types of reviews, when an innkeeper goes above and beyond are not an anomaly with our inns, but rather the standard that they continually raise. Personalized services and a focus on local products, services, and culture are only a few of the ways Select Registry continues to elevate the guest experience. Genuine hospitality at our collection of properties has foraged long-standing relationships and innumerable memories. Discover the difference when you Stay Select.
About Select Registry:
For 50 years, Select Registry Distinguished Inns of North America has set the standard for excellence in personal hospitality at independently owned inns and bed and breakfasts. Today, our upscale properties include over 260 boutique properties. They're located everywhere from backcountry roads to big-city neighborhoods, along coastlines, and in heartlands across the United States. Learn more at www.SelectRegistry.com.
Media contact: Heather Taylor, Director of Marketing
Select Registry
+410 982 6252
Heather@SelectRegistry.com
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SOURCE SELECT REGISTRY | https://www.kxii.com/prnewswire/2022/08/17/discover-spirit-hospitality-select-registrys-quality-approved-properties/ | 2022-08-17T19:04:03Z |
Jason Geiger, actor who played the Red Power Ranger, indicted for loan fraud
By Rebekah Riess and Melissa Alonso, CNN
Jason Geiger, also known as Austin St. John, the actor who played the Red Power Ranger in the “Power Rangers” TV series, was indicted and has pleaded not guilty to a to a wire fraud charge for his role in a Covid-relief fund scheme, according to the indictment filed in Texas.
Geiger is one of 19 individuals named in a federal indictment accusing the defendants of registering and using sham, non-operational businesses, or in other instances existing businesses, under which they could submit PPP loan applications.
The indictment alleges that on June 17, 2020, Geiger received a loan for a business titled “St. John Enterprises,” which was funded approximately $225,754.
“The defendants used the PPP funds for unauthorized personal purposes, including cash withdrawals, gold and silver purchases, luxury jewelry items, and vehicles,” the indictment said.
According to a release from the US Attorney’s Office, 18 of the 19 defendants have either been arrested or summoned for appearance before a federal magistrate judge.
The FBI Dallas Division told CNN Geiger was arrested at a residence in McKinney, TX on Tuesday. Geiger was arraigned on Wednesday and will next appear in court on May 24, according to court records.
“All defendants are presumed innocent and Mr. Geiger intends to vigorously defend himself against this allegation,” Geiger’s attorney, David Klaudt, said in a statement.
Geiger appeared in the “Mighty Morphin Power Rangers,” which aired from 1993 – 1999, as well as several spin-off projects.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/2022/05/20/jason-geiger-actor-who-played-the-red-power-ranger-indicted-for-loan-fraud/ | 2022-05-20T19:24:16Z |
Japan's former Prime Minister Shinzo Abe has died after being shot during a campaign speech Friday in Nara. He was 67.
Abe was pronounced dead by doctors at the Nara Medical University hospital in central Japan at 5:03 p.m. local time. He was admitted into hospital in a state of cardiac arrest and medical staff were unable to stop the excessive bleeding, doctors said during a press conference on Friday.
Abe served two separate terms as Japanese leader for the right-leaning LDP -- the first from 2006 to 2007, then again from 2012 until 2020. His second stint was the longest consecutive term for a Japanese head of government.
Abe will be remembered for boosting defense spending and pushing through the most dramatic shift in Japanese military policy in 70 years. In 2015, his government passed a reinterpretation of Japan's postwar, pacifist constitution, allowing Japanese troops to engage in overseas combat -- with conditions -- for the first time since World War II.
Abe argued the change was needed to respond to a more challenging security environment, a nod to a more assertive China and frequent missile tests in North Korea.
During his term, Abe sought to improve relations with Beijing and held a historic phone call with Chinese leader Xi Jinping in 2018. At the same time, he tried to counter Chinese expansion in the region by uniting Pacific allies.
After leaving office, Abe remained head of the largest faction of the ruling LDP and remained influential within the party. He has continued to campaign for a stronger security policy and last year angered China by calling for a greater commitment from allies to defend democracy in Taiwan. In response, Beijing summoned Japan's ambassador and accused Abe of openly challenging China's sovereignty.
Abe was born on September 21, 1954, in Tokyo, to a prominent political family. Both his grandfather and great uncle served as prime minister, and his father was a former secretary general of the LDP.
He studied politics at Tokyo's Seiki University and the University of Southern California, but initially entered business, taking a position with Kobe Steel in 1979. Three years later, he became an assistant to the Minister for Foreign Affairs.
Abe was first elected to Japan's House of Representatives in 1993, at age 38. He held a number of cabinet positions throughout the 2000s, and in 2003 became secretary general of the LDP. Four years later, he was named the party's president and became prime minister of Japan.
His first term was marred by controversies and worsening health, and he stepped down as party leader and prime minister in 2007. The end of Abe's first term opened a revolving door in which five different men held the prime minister post in five years until his re-election in 2012. He stepped down in 2020 citing ill health.
Diplomatic record
Abe was a prominent figure on the world stage. He cultivated strong ties with Washington -- Tokyo's traditional ally -- and attempted to build a personal relationship with former United States President Donald Trump, traveling to New York to meet the newly elected Republican President while former President Barack Obama was still in office.
During that "unofficial" meeting in 2016, Trump's first with any world leader, Abe hailed the US-Japan alliance and said he wanted to "build trust" with the new President. He strongly supported Trump's initial hard line on North Korea, which matched Abe's own hawkish tendencies.
But as Washington's relationship with Pyongyang tipped toward diplomacy, with both Trump and South Korean President Moon Jae-in holding historic summits with North Korean leader Kim Jong Un, Abe appeared to be sidelined.
No meeting was scheduled between Abe and Kim, and in September 2019, the Japanese leader said he was still "determined" to meet him. Abe wanted to normalize relations with North Korea and ease tensions on the Korean Peninsula, but his first priority was to bring some closure for the families of Japanese citizens abducted by North Korea in the 1970s and 80s.
During his tenure, Japan's relations with South Korea soured. The two countries were engaged in a major dispute in which trade and military intelligence deals were scrapped, partly due to the legacy of World War II and Japan's brutal colonization of the Korean Peninsula.
Olympic 'Super Mario' success and setback
Abe came to office during a time of economic turmoil and soon set about rebooting Japan's economy after decades of stagnation. Soon after he was re-elected prime minister in 2012, he launched a grand experiment popularly known as "Abenomics."
It included three so-called arrows -- massive monetary stimulus, increased government spending, and structural reforms.
Abe's allies praised the plan for reviving the country's economy and boosting consumer and investor confidence. But after a strong start, it faltered and in 2015 Abe fired "three new arrows" designed to boost gross domestic product. Any hopes they might eventually hit their mark were dashed when Covid-19 swept through the country in 2020, tipping Japan into recession.
One of Abe's major domestic achievements was securing the 2020 Tokyo Olympics. Abe delighted video game fans around the world when he famously dressed as Japanese icon Super Mario during the closing ceremony for the Rio Games in 2016, to introduce Tokyo as the next host city.
In an instantly meme-able segment, Abe, wearing an oversized red cap, was shown emerging from a green pipe, as the sounds of the Super Mario video game echoed around the Maracanã stadium.
But the success of the much anticipated Tokyo Games was ultimately undone by the Covid-19 pandemic, which forced the competition to be postponed to 2021.
An initial unwillingness to delay the Games was partly credited for Japan's slow response to the coronavirus pandemic, which hit the country early in 2020. Abe declared a state of emergency months after the first cases were detected. His administration was also criticized for the low rate of testing, and an early lack of specialist medical equipment to treat the rising number of patients.
More successful was Abe's handling of the abdication of Emperor Akihito, the first Japanese monarch to step down in two centuries. He was succeeded by his son, Emperor Naruhito, in October 2019, starting the Reiwa era.
"Like the flowers of the plum tree blooming proudly in spring after the cold winter, we wish the Japanese people to bloom like individual flowers with the (promise of the) future. With such a wish for Japan, we decided upon 'Reiwa'," Abe said on announcing the new era.
Abe is survived by his wife Akie Abe, née Matsuzaki, who he married in 1987. The couple did not have children.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/shinzo-abe-japans-longest-serving-prime-minister-defined-politics-for-a-generation/article_b450cde2-5ae9-5f83-b835-78c6e4f5e515.html | 2022-07-08T13:09:48Z |
WESTON, Mass., June 6, 2022 /PRNewswire/ -- Fastweb, the leading website for scholarship and financial aid information and a member of the Monster network, today announces a new roster of their annual LGBTQ+ Community Scholarships & Internships for the LGBTQ+ student community and allies, totaling more than $120,000 in awards.
Scholarship applications are open to students in various STEM fields, Community Service and more to help them pay for their college education, as well as internship opportunities for those seeking to build real world experience. 2022 is the 27th year Fastweb is providing access to scholarship opportunities to college bound and existing college students.
For more information on how to find scholarship and internship opportunities, college options, and financial aid, please visit these Fastweb resources:
- Fastweb's Scholarship Directory for LGBTQ+ Students. New and large scholarships for LGBTQ+ students and students involved in supporting the LGBTQ+ community.
- 10 Best LGBTQ+ Friendly Colleges. Highlight of ten LGBTQ+ institutions that focus on awareness and inclusivity.
- National Scholarship Directory. Organized directory that provides all students an efficient way to view scholarships by school year, major, state and more categories.
- Free Application for Federal Student Aid (FAFSA). Information to review the federal student aid process and a guide to filling out the FAFSA.
For more helpful free online resources, visit Fastweb.com or download the Fastweb app.
Fastweb, a top site in the Monster network, is the nation's recognized leader in helping students pay for school, by providing scholarship and financial aid information, as well as information on jobs and internships. As the oldest and most popular free online scholarship matching service, one out of three college-bound seniors use the site and more than 50 million users have benefitted from Fastweb's information and services. Fastweb lets students create personalized profiles that can be matched against its expansive databases of colleges and scholarships. To learn more about Fastweb, visit www.fastweb.com and follow Fastweb on social media for the latest on paying for school all year long: Twitter (at @PayingForSchool); Facebook; Instagram and Pinterest.
Monster is a global leader in connecting the right people to the right jobs. Every day, Monster aims to make every workplace happier and more productive by transforming the way employers find talent and candidates find careers. For 25 years, Monster has worked to transform the recruiting industry. Today, the company leverages innovative digital, social, and mobile solutions to enable employers and candidates to find the right fit.
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SOURCE Monster | https://www.kxii.com/prnewswire/2022/06/06/fastweb-announces-new-roster-scholarship-internship-opportunities-lgbtq-students-allies/ | 2022-06-06T20:28:48Z |
- Prepare, Share and Enjoy a Cultural Favorite Dish to Help Neighbors in Need -
LONDON, May 20, 2022 /PRNewswire/ -- To celebrate World Day for Cultural Diversity for Dialogue and Development ("Diversity Day") on Saturday, May 21, Ben's Original™ is encouraging people from around the world to learn about and try a treasured meal from a different culture. The annual holiday was created by UNESCO (United Nations Educational, Scientific and Cultural Organization) in 2001 to help communities understand the value of cultural diversity and learn how to live together in harmony - and the Ben's Original brand believes food plays an important role in that.
For everyone that shares a photo of their family and/or friends enjoying a meal inscribed on UNESCO's Representative List of the Intangible Cultural Heritage of Humanity – or even their own culture's favorite dish – with the hashtag #ShareYourTable from May 21 – 28, 2022, Ben's Original will donate a meal to a food bank, up to 20,000 meals. Donations will be made to hunger relief organizations in the US and throughout Europe.
"Food is an intrinsic expression of culture and heritage – and sharing a meal is one of the many ways to break down the barriers that exist in our world," said Rafael Narvaez, Global Chief Marketing Officer and R&D Officer, Mars Food. "If we cannot accept everyone's culture - their originality - we cannot truly invite them to the table. So, in keeping with our brand purpose to create opportunities that offer everyone a seat at the table, this Diversity Day, we're encouraging people around the world to open their own tables to these culinary treasures – and the cultural importance behind them."
Try One of These Treasured Meals
UNESCO's Representative List of the Intangible Cultural Heritage of Humanity includes more than 25 recipes, including Ceebu jën, Dolma, Palov, Oshi Palav and Washoku.
- Ceebu jën, also known as Thieboudienne, is the national dish of Senegal, and features fish, rice and tomato sauce cooked in a single pot. Additional ingredients often include onions, carrots, cabbage, cassava, hot pepper, lime and peanut oil. It is traditionally eaten in a large communal dish with a hand – and is the symbol of Senegalese hospitality (terranga).
- Inscribed by UNESCO in 2017, the preparation of Dolma includes small fillings (meat, rice, onion, peas and spices) wrapped in grape leaves or fruits and vegetables. The tradition of Dolma is prevalent throughout the Republic of Azerbaijan where it is enjoyed on special occasions and gatherings to express solidarity, respect and hospitality and transcends ethnic and religious boundaries.
- There is a saying in Uzbekistan that guests can only leave their host's home after their national dish – Palov – has been offered. Prepared with ingredients including rice, meat, spices and vegetables, palov is cooked by men and women regardless of age or social status and is served every day and during special occasions, including weddings.
- Known as the "king of meals" in its native Tajikistan, Oshi Palav, is a recipe that uses vegetables, rice and meat cooked in a single pot – there's 200 known varieties of the favorite dish. It is prepared for regular mealtimes, as well as celebrations and rituals.
- Washoku is the skills, knowledge, practice and traditions related to the preparation and consumption of certain Japanese dishes. Washoku traditions are generally seen during New Year celebrations and favor the consumption of various natural ingredients such as rice, fish, vegetables and edible wild plants.
To learn more about each of these culinary treasures, as well as their cultural significance and easy-to-follow recipes, visit the Ben's Original Facebook page.
About Mars Food
Mars Food is a fast-growing dinnertime food business, making tastier, healthier, easier meals that bring the world to the dinner table. With North American headquarters in Chicago, Ill. and global headquarters in London, Mars Food US's portfolio of leading brands includes: Ben's Original™, Seeds of Change™, and Tasty Bite®. Our purpose –Better Food Today. A Better World Tomorrow. –drives our business to be a leader in health & wellbeing and sustainability. Mars Food is a segment of Mars, Incorporated. For more information about the Ben's Original™ Brand and its purpose initiatives, visit https://www.mars.com/.
Mars Food Media Contact:
Rachel Lenoci
(312) 988-2091
rlenoci@webershandwick.com
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SOURCE Mars, Incorporated | https://www.kxii.com/prnewswire/2022/05/20/bens-original-asks-everyone-shareyourtable-world-day-cultural-diversity-dialogue-development/ | 2022-05-20T08:22:51Z |
‘It was hard to believe’: Man wins $250,000 in lottery after using numbers he saw in a dream
HENRICO, Va. (WWBT/Gray News) - A dream came true for a Virginia man after he won thousands of dollars in his state’s lottery.
Alonzo Coleman said he bought his ticket from a corner mart in Henrico, according to WWBT.
While watching the June 11 drawing, Coleman looked down at his ticket and noticed the numbers 13-14-15-16-17-18 and the Bonus Ball 19 come across the screen. That’s when he realized he’d matched the first six numbers, winning him $250,000.
Coleman said that he selected those numbers because they came to him in a dream.
“It was hard to believe!” he told Virginia Lottery officials. “It still hasn’t hit me yet!”
Virginia Lottery said in a press release Coleman split his $2 wager four ways when he bought the ticket. He had four sets of numbers and, using the “Play Your Way” feature, he won the money on one of his sets of numbers.
Copyright 2022 WWBT via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/06/30/it-was-hard-believe-man-wins-250000-lottery-after-using-numbers-he-saw-dream/ | 2022-07-01T00:34:07Z |
CHANGSHA, China, July 4, 2022 /PRNewswire/ -- Zoomlion Heavy Industry Science & Technology Co., Ltd. ("Zoomlion"; 1157.HK) has delivered two units of its ZAT24000H all-terrain crane to the Huanghua Haibin Lifting Installing Engineering Co., Ltd. on June 30 in Hebei Province. The mega model has surpassed Zoomlion's previous record for manufacturing the largest 2,000-ton all-terrain crane to become the world's largest tonnage all-terrain crane.
The ZAT24000H was especially developed for wind power hosting constructions, combining the advantages of robust lifting performance, ease of transportation and operation, as well as strong adaptability to a wide range of working conditions.
It employs combined telescopic and wind power booms for wind power operation, which fully meets the installation requirements of wind turbines of 160 meters. Its long main boom plus short wind power boom combo and integrated overloading make hoisting and disassembly/assembly more efficient. The model's high-power hoisting system with small magnification increase can achieve lifting wind turbine to 160 meters in 30 minutes.
In addition, the ZAT24000H's special structure design features the unique single-cylinder double side pin boom structure with improved anti-side bending capabilities. The optimized rigid design of the continuous boom and electro-hydraulic intelligent safety control system significantly increase the product's capacity for wind resistance and safety assurance.
"When developing this product, Zoomlion engaged in extensive dialogue with us to ensure meeting the working conditions and technical specifications. We are confident of this market-leading product as we saw Zoomlion's continuous pursuit of quality and ultimate spirit of achieving excellence," said Shen Qi, general manager of Haibin Lifting Installing Engineering.
"Our accomplishments also credit to our customers, as we cannot achieve these milestones without their support. We look forward to carrying out more extensive and in-depth cooperation to achieve mutual wins and greater value," said Luo Kai, vice president of Zoomlion and general manager of engineering crane branch.
Zoomlion has been breaking new grounds in large tonnage construction machinery product development in the last two decades. Zoomlion unveiled the largest truck crane in terms of tonnage in China (QY300), the biggest crawler cranes in China (QUY600 and QUY1000), and the strongest crane in the world at the time (ZCC3200NP). Zoomlion created the QAY2000, the most potent all-terrain crane in the world, in 2012, and has once again broken the record with the ZAT24000H this year.
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SOURCE Zoomlion | https://www.wibw.com/prnewswire/2022/07/04/zoomlions-2400-ton-all-terrain-crane-breaks-world-hoisting-record-now-bulk-sale/ | 2022-07-04T09:23:42Z |
HOUSTON, July 26, 2022 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today reported second quarter 2022 financial and operational results.
Second Quarter 2022 Results and Recent Highlights
- Total revenue of $842.9 million, a 33% sequential increase and 189% year-over-year
- Achieved fifth consecutive quarter of 25%+ revenue growth
- Net income of $68.5 million ($0.27 per diluted share), compared to $8.8 million ($0.04 per diluted share) in the prior quarter and net loss of $31.8 million in second quarter of 2021
- Adjusted net income(1) of $98.5 million ($0.39 per diluted share), compared to $20.8 million ($0.08 per diluted share) in the prior quarter and adjusted net loss of $41.7 million in second quarter of 2021
- Adjusted EBITDA(1) of $165.9 million, compared to $83.5 million in the prior quarter and $5.3 million in second quarter of 2021
- Cash from operations of $117.8 million and positive free cash flow(1) of $67.4 million
- Exited second quarter of 2022 with total liquidity of $492.4 million, including $158.1 million of cash and undrawn ABL; no term loan maturities until 2025
Management Commentary
"Our operations performed at a high level in the second quarter, as strong efficiency gains, combined with net pricing improvements delivered a record quarter for NexTier. The structurally undersupplied oil and natural gas markets have resulted in robust demand for our services," commented Robert Drummond, President and Chief Executive Officer of NexTier.
"We believe frac fleets are effectively sold-out, and see a scenario where frac fleet supply will remain a bottleneck for US land oil and natural gas production growth through 2023 and beyond. I am excited about the future of NexTier and expect to continue to deliver strong free cash flow, margin expansion and profitable growth during what looks to be a sustained up-cycle," stated Drummond.
"Our adjusted EBITDA doubled, sequentially, driven by strong 33% top line growth and incrementals(1) of 40%, proving the success of our strategy early in the cycle," said Kenny Pucheu, Executive Vice President and Chief Financial Officer of NexTier. "Delivering on our commitments, free cash flow accelerated in the second quarter and we have line of sight to further improvements in future periods. Most importantly, we believe we are in the early stages of a multi-year recovery, and our fleet enhancing countercyclical investments have strengthened our position and ability to deliver leading returns."
Second Quarter 2022 Financial Results
Revenue totaled $842.9 million in the second quarter of 2022, compared to $635.0 million in the first quarter of 2022, and $292.1 million in the second quarter of 2021. The sequential improvement in revenue was primarily driven by improved net and gross pricing, efficiency gains, continued progress in our wellsite integration strategy, and the addition of one fleet late in the first quarter of 2022, as previously reported, that was fully operational for the entirety of the second quarter of 2022.
Net income totaled $68.5 million, or $0.27 per diluted share, in the second quarter of 2022, compared to net income of $8.8 million, or $0.04 per diluted share, in the first quarter of 2022. Adjusted net income totaled $98.5 million, or $0.39 per diluted share, in the second quarter of 2022, compared to adjusted net income of $20.8 million, or $0.08 per diluted share, in the first quarter of 2022.
Selling, general and administrative expense ("SG&A") of $35.9 million in the second quarter of 2022 was relatively unchanged from the first quarter of 2022. Adjusted SG&A(1) totaled $27.4 million in the second quarter of 2022, compared to adjusted SG&A of $27.5 million in the first quarter of 2022.
Adjusted EBITDA totaled $165.9 million in the second quarter of 2022, compared to adjusted EBITDA of $83.5 million in the first quarter of 2022, and $5.3 million in the second quarter of 2021.
Second Quarter 2022 Management Adjustments
EBITDA(1) for the second quarter of 2022 was $135.8 million. When excluding net management adjustments of $30.1 million, adjusted EBITDA for the second quarter was $165.9 million. Management adjustments included $7.5 million in non-cash stock compensation expense, $23.7 million in acquisition, integration, and expansion costs mostly related to the revaluation of the earnout for the Alamo Acquisition, partially offset by a net $1.2 million in other adjustments.
Completion Services
Revenue in our Completion Services segment totaled $801.0 million in the second quarter of 2022, compared to $602.6 million in the first quarter of 2022. Adjusted gross profit(1) totaled $184.7 million in the second quarter of 2022, compared to $106.3 million in the first quarter of 2022.
During the second quarter of 2022, the Company did not deploy any additional horsepower to its Completions Services fleet.
Well Construction and Intervention Services
Revenue in our Well Construction and Intervention Services segment, totaled $41.9 million in the second quarter of 2022, compared to $32.4 million in the first quarter of 2022. The sequential improvement was primarily driven by increased customer activity. Adjusted gross profit totaled $8.3 million in the second quarter of 2022, compared to adjusted gross profit of $4.1 million in the first quarter of 2022.
Balance Sheet and Capital
Total debt outstanding as of June 30, 2022 was $368.2 million, net of debt discounts and deferred finance costs and excluding finance lease obligations. As of June 30, 2022, total available liquidity was $492.4 million, comprised of cash of $158.1 million and $334.3 million of available borrowing capacity under our asset-based credit facility, which remains undrawn.
Total cash provided by operating activities during the second quarter of 2022 was $117.8 million and cash used by investing activities was $50.5 million, resulting in a positive free cash flow of $67.4 million in the second quarter of 2022.
Sale of Coiled Tubing assets
On July 19, 2022, a wholly-owned subsidiary of the Company entered into a definitive agreement to sell the Company's Coiled Tubing assets to Gladiator Energy LLC for a cash purchase price of $21.55 million. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2022.
The divestiture of non-core assets is consistent with the Company's strategy to repurpose capital towards the highest return projects that fit the Company's strategy around wellsite integration, while also enhancing liquidity.
Outlook
Industry fundamentals remain positive in the third quarter of 2022, with a continuation of strong demand and very high industry utilization. Seasonally, the third quarter is typically the strongest quarter of the year, and we expect this will again be the case this year.
We do not expect to add any additional horsepower to the market for the remainder of 2022.
For the third quarter of 2022 we anticipate sequential revenue growth of 8-10%. We expect the third quarter of 2022 to see improved profitability and expanded margins relative to the second quarter of 2022.
We now expect to generate free cash flow in excess of $225 million in 2022.
Mr. Drummond concluded, "We are very encouraged by what we see in the market, even considering the concerns about the global economy potentially slowing. Our customers returns are very strong and there is likely considerable room for commodity prices to decrease before impacting demand for our services. Years of underinvestment should provide motivation to continue profitable activity. Given already high equipment utilization, we will use this favorable market backdrop to continue our drive to recapture COVID related pricing concessions, suggesting significant profitability upside remains as we continue to navigate improved cycle dynamics."
Conference Call Information
On July 27, 2022, NexTier will hold a conference call for investors at 9:00 a.m. Central Time (10:00 a.m. Eastern Time) to discuss second quarter 2022 financial and operating results. Hosting the call will be Robert Drummond, President and Chief Executive Officer and Kenneth Pucheu, Executive Vice President and Chief Financial Officer. The call can be accessed via a live webcast accessible on the IR Event Calendar page in the Investor Relations section of our website at www.nextierofs.com, or live over the telephone by dialing (855) 560-2574, or for international callers, (412) 542-4160 and referencing NexTier Oilfield Solutions. A replay will be available shortly after the call and can be accessed by dialing (877) 344-7529, or for international callers, (412) 317-0088. The passcode for the replay is 5074559. The replay will be available until August 3, 2022. An archive of the webcast will be available shortly after the call on our website at www.nextierofs.com for twelve months following the call.
About NexTier Oilfield Solutions
Headquartered in Houston, Texas, NexTier is an industry-leading U.S. land oilfield service company, with a diverse set of well completion and production services across active and demanding basins. Our integrated solutions approach delivers efficiency today, and our ongoing commitment to innovation helps our customers better address what is coming next. NexTier is differentiated through four points of distinction, including safety performance, efficiency, partnership and innovation. At NexTier, we believe in living our core values from the basin to the boardroom, and helping customers win by safely unlocking affordable, reliable and plentiful sources of energy.
(1) Non-GAAP Financial Measures. The Company has included in this press release or discussed on the conference call described above certain non-GAAP financial measures, some of which are calculated on segment basis or product line basis. These measurements provide supplemental information which management believes is useful to analysts and investors to evaluate our ongoing results of operations, when considered alongside GAAP measures such as net income and operating income. You should not consider them in isolation from, or as a substitute for, analysis of our results under GAAP.
Non-GAAP financial measures include EBITDA, adjusted EBITDA, adjusted EBITDA margin, incrementals, adjusted gross profit, adjusted net income, adjusted net income per share, free cash flow, adjusted SG&A, and net debt. These non-GAAP financial measures exclude the financial impact of items management does not consider in assessing the Company's ongoing operating performance, and thereby facilitate review of the Company's operating performance on a period-to-period basis. Other companies may have different capital structures, and comparability to the Company's results of operations may be impacted by the effects of acquisition accounting on its depreciation and amortization. As a result of the effects of these factors and factors specific to other companies, the Company believes EBITDA, adjusted EBITDA, adjusted EBITDA margin, incrementals, adjusted gross profit, adjusted SG&A, adjusted net income, and adjusted net income per share provide helpful information to analysts and investors to facilitate a comparison of its operating performance to that of other companies. The Company believes free cash flow is important to investors in that it provides a useful measure to assess management's effectiveness in the areas of profitability and capital management.
For a reconciliation of these non-GAAP measures, please see the tables at the end of this press release. Reconciliations of forward-looking non-GAAP financial measures to comparable GAAP measures are not available due to the challenges and impracticability with estimating some of the items, particularly with estimates for certain contingent liabilities, and estimating non-cash unrealized fair value losses and gains which are subject to market variability and therefore a reconciliation is not available without unreasonable effort.
Non-GAAP Measure Definitions: EBITDA is defined as net income (loss) adjusted to eliminate the impact of interest, income taxes, depreciation and amortization. Adjusted EBITDA is defined as EBITDA as further adjusted with certain items management does not consider in assessing ongoing performance. Management uses adjusted EBITDA to set targets and to assess the performance of the Company. Adjusted EBITDA margin is defined as (i) Revenue divided by (ii) Adjusted EBITDA. Incrementals is defined as the change in adjusted EBITDA quarter over quarter divided by the change in revenue quarter over quarter. Adjusted gross profit is defined as revenue less cost of services, further adjusted to eliminate items in cost of services that management does not consider in assessing ongoing performance. Adjusted gross profit at the segment level is not considered to be a non-GAAP financial measure as it is our segment measure of profit or loss and is required to be disclosed under GAAP pursuant to ASC 280. Adjusted net income is defined as net income adjusted with certain items management does not consider in assessing ongoing performance. Adjusted net income per share is defined as (i) adjusted net income, (ii) divided by the number of weighted average shares outstanding. Adjusted SG&A is defined as selling, general and administrative expenses adjusted for severance and business divestiture costs, merger/transaction-related costs, and other non-routine items. Free cash flow is defined as the net increase (decrease) in cash and cash equivalents before financing activities, excluding any acquisitions. Net debt is defined as (i) total debt, net of unamortized debt discount and debt issuance costs, (ii) subtracted by cash and cash equivalents.
Forward-Looking Statements and Where to Find Additional Information
This press release and discussion in the conference call described above contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. The words "believe," "continue," "could," "expect," "anticipate," "intends," "estimate," "forecast," "project," "should," "may," "will," "would," "plan," "target," "predict," "potential," "outlook," and "reflects," or the negative thereof and similar expressions, are intended to identify such forward-looking statements. These forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond the Company's control. Statements in this press release or made during the conference call described above that are forward-looking, including projections as to the Company's 2022 guidance and other outlook information (including with respect to the industry in which the Company conducts its business) and the expected timing for the closing of the sale of the Company's Coil Tubing assets, are based on management's estimates, assumptions and projections, and are subject to significant uncertainties and other factors, many of which are beyond the Company's control. These factors and risks include, but are not limited to, (i) the competitive nature of the industry in which the Company conducts its business, including pricing pressures; (ii) the ability to meet rapid demand shifts; (iii) the ongoing impact of geopolitical conflicts; (iv) the impact of pipeline capacity constraints and adverse weather conditions in oil or gas producing regions; (v) the ability to obtain or renew customer contracts and changes in customer requirements in the markets the Company serves; (vi) the ability to identify, effect and integrate acquisitions, joint ventures or other transactions; (vii) the ability to protect and enforce intellectual property rights; (viii) the effect of environmental and other governmental regulations on the Company's operations; (ix) the effect of a loss of, or interruption in operations of, the Company of one or more key suppliers, or customers, including resulting from inflation, including as a result of ongoing geopolitical conflicts, COVID-19 resurgence, product defects, recalls or suspensions; (x) the variability of crude oil and natural gas commodity prices; (xi) the market price (including inflation) and timely availability of materials or equipment; (xii) the ability to obtain permits, approvals and authorizations from governmental and third parties; (xiii) the Company's ability to employ a sufficient number of skilled and qualified workers; (xiv) the level of, and obligations associated with, indebtedness; (xv) fluctuations in the market price of the Company's stock; (xvi) the continued impact of the COVID-19 pandemic (including as a result of the emergence of new variants and strains of the virus, such as Delta and Omicron) and the evolving response thereto by governments, private businesses or others to contain the spread of the virus and its variants or to treat its impact, and the possibility of increased inflation, travel restrictions, lodging shortages or other macro-economic challenges as the economy emerges from the COVID-19 pandemic; and (xvii) other risks detailed in our latest Annual Report on Form 10-K, including, but not limited to "Part I, Item 1A. Risk Factors" and "Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations," and our other filings with the Securities and Exchange Commission ("the SEC"), which are available on the SEC website or www.NexTierOFS.com. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates, to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued "forward-looking statement" constitutes a reaffirmation of that statement.
Additional information about the Company, including information on the Company's response to COVID-19, can be found in its periodic reports and other filings with the SEC, available www.sec.gov or www.NexTierOFS.com.
Investor Contact:
Kenneth Pucheu
Executive Vice President - Chief Financial Officer
Michael Sabella
Vice President - Investor Relations and Business Development
michael.sabella@nextierofs.com
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SOURCE NexTier Oilfield Solutions | https://www.wibw.com/prnewswire/2022/07/26/nextier-announces-second-quarter-2022-financial-operational-results/ | 2022-07-26T21:19:02Z |
The "Joy Is Our Journey" movement will kick-off with an exclusive, invite-only event during ESSENCE Festival of Culture and will continue with a month-long Dream Tour throughout Georgia, Alabama, Mississippi, and Arkansas from August 20-September 18, 2022.
ATLANTA, June 22, 2022 /PRNewswire/ -- The Southern Black Girls and Women's Consortium (SWBGC / The Consortium) has announced a summer of fun and funding fueled by a series of special events that will provide resources and safe spaces for Black girls and women to dream. Themed "Joy Is Our Journey," movements will kick-off with an exclusive, invite-only tea and brunch affair during the ESSENCE Festival of Culture in New Orleans on Sunday, July 3. Following the event will be an exciting, month-long Dream Tour that will travel throughout Georgia, Alabama, Mississippi and Arkansas from August 20-September 18, 2022. Featuring experiential activities and educational moments, the interactive tour will provide a safe space for Black girls and women to create, release and simply be their authentic selves.
"We are building a movement, changing narratives and shifting philanthropic support for Black girls and women in the south," declares LaTosha Brown, visionary founder of the SBGWC and Black Voters Matter. "'Joy Is Our Journey' is not just an awareness effort to amplify who we are and what we do. It is a mission to raise $100 million to financially empower Black girls and women-focused organizations that seek to provide greater resources and opportunities in education, entrepreneurship, cultural exposure and more. Plus, we get to spread a little #BlackGirlJoy along the way!"
Fed up with reports confirming that Black women and girls receive less than one percent of the $4.8 billion in philanthropic investments in the south, a collective of activists, community leaders, funders and changemakers joined forces to form the Southern Black Girls and Women's Consortium. Established in 2017, The Consortium has become a disruptor in grantmaking and a catalyst to provide greater resources toward underfunded organizations that intentionally support Black girls and women. Powered by four dynamic Black women-led organizations - TruthSpeaks Innovation Foundation, BlackBelt Community Foundation, Fund for Southern Communities and the Appalachian Community Fund - The Consortium developed a 10-year initiative that seeks to raise $100 million to financially empower the goals of Black girls and women, and shift the way philanthropy is done in the south.
"Black girls and women are still fighting for the rights, resources and recognition they deserve," says Felecia Lucky, president of the Black Belt Community Foundation in Selma, AL. "Through our work, we are able to fill this vital funding gap and improve the quality of life for generations of Black girls and women."
To date, The Consortium has already awarded over $2.5 million to 71 organizations and special projects from Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia. These awards include over $373,000 for social justice projects and more than $120,000 for economic opportunity projects. They also include more than $940,000 in grants to support educational efforts and over $650,000 to organizations or projects geared toward safe, nurturing, preventive and curative healing experiences by trained health professionals (e.g. physical, mental, emotional and spiritual).
All awards were made possible through The Consortium's four established funds:
- Black Girls Dream Fund - Created to support the dreams of Black girls and women by awarding organizations that center them in their programming and initiatives.
- Black Girls Defense Fund - Created to provide family and legal support for Black girls and women in need.
- Innovation Fund - Created to provide startup funding for small businesses led by Black girls and women.
- Collaborative Partnership Philanthropy Fund - Created to provide resources to support collaboration between like-minded organizations.
"We have done tremendous work that ensures our sisters are provided opportunities to engage in activities that improve and uplift their communities in the spirit of justice and equity, and support their self-determination," declares Margo Miller, executive director of the Appalachian Community Fund in Knoxville, TN. "By investing in them and providing resources they have long been denied, we will enable Black girls and women to bring more of their magic into the world and fundamentally change the way the world views them."
Alice Jenkins, executive director of the Fund for Southern Communities in Decatur, GA, adds, "We cannot ignore the injustices that Black women and girls face everyday. "In the South, Black girls and women experience social, political, and economic injustices at higher rates than their white counterparts, yet they continue to be left out of philanthropic investments. The needs are there, but the investments are not. We are committed to changing this dynamic."
Positioned within the epicenter of "Black Girl Magic," the 2022 ESSENCE Festival of Culture, the "Joy Is Our Journey" Tea & Brunch intends to bring awareness to the philanthropic efforts and opportunities of The Consortium and establish deeper connections with influencers and notable voices who can help promote and amplify the mission.
The "Joy Is Our Journey" Dream Tour, will caravan to multiple destinations throughout southern states including Georgia, Alabama, Mississippi and Arkansas. The tour will feature two different activation experiences: Dream Village stops, which will host interactive programming with multiple activities for Black girls and women of all ages for fun, learning and healing; and Joy Stops, which will be short, pop-up experiences that are focused more on community engagement, featuring music, giveaways and more!
The tour will begin on Saturday, August 20, and will culminate with the 2022 Black Girls Dream Conference, which will take place in Birmingham, AL, Friday, September 16 - Sunday, September 18.
For more details on "Joy Is Our Journey" events, or for more information on how to support the movement through partnership, sponsorship and/or attendance, contact 678-310-8631 or info@southernblackgirls.org.
For press inquiries and access for onsite coverage, contact Candace Ledbetter at 770-709-1509 or candace@cnbettermedia.com; or Kayla Tucker Adams at 214-403-9852 or kayla@cnbettermedia.com.
The Southern Black Girls & Women's Consortium (SBGWC / The Consortium) is coordinated entirely by a community of Black women in philanthropy, activism and girls' work, who hold deep roots in movement-building throughout the southeast. The partnership recognizes their critical role and the importance of centering the lived experiences and leadership of those most impacted by deep-seated injustices. SBGWC consists of four anchor institutions including the Appalachian Community Fund, the Black Belt Community Fund, the Fund for Southern Communities and TruthSpeaks Innovation Foundation. For more information, visit: www.southernblackgirls.org, or follow @SouthernBlackGirls on Facebook and Instagram.
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SOURCE Southern Black Girls and Women’s Consortium | https://www.wibw.com/prnewswire/2022/06/22/southern-black-girls-womens-consortium-announces-summer-fun-funding-with-joy-is-our-journey-movement/ | 2022-06-22T17:23:41Z |
GRAPHIC: Wife sues historic tourist attraction after tree falls on family car, killing husband
ASHEVILLE, N.C. (WLOS/CNN) - A woman is suing the Biltmore Estate after a tree fell on her family’s car last month and killed her husband.
It’s been just over a month since the tragic incident happened to the Skudin family during their trip up to the mountains to explore the 8,000-acre estate.
“With the history aspect of Asheville and combined with the Blue Ridge Mountains, it was the perfect place for us to spend his [Casey Skudin] birthday and Father’s Day,” Angela Skudin, Casey Skudin’s wife, said.
But Casey Skudin never got to celebrate either occasion.
Angela Skudin said her husband and their two kids were entering the Biltmore Estate on June 17 when the tree fell on their car.
“Casey was definitely the best human I knew. He was the best husband, the best friend, the best firefighter. Like literally, the best everything,” Angela Skudin said.
The tragic moment was captured on video from the car.
In her lawsuit, Angela Skudin accuses the Biltmore Estate of negligence, saying the estate knew the tree was unstable and installed cables to keep it upright instead of taking the appropriate measure to cut it down.
“How do you have people pay that kind of money to go to your home and you’re suspending a tree branch, a 400,000-pound section of a tree over them on the road, playing Russian roulette with every single person’s life,” Angela Skudin said.
A spokesperson for the Biltmore Estate released the following in a statement:
“A portion of a tree fell during a period of high winds and struck a guest’s vehicle as they entered the estate. There have been multiple eyewitness accounts of a short-duration high wind event around that time.
We adamantly deny all allegations of willful or intentional conduct on the part of Biltmore, as well as the allegations of negligence. We will present all of the facts about this heartbreaking accident through the legal process.”
Angela Skudin said her husband dedicated his life to saving others and, in his memory, she’s making it her mission to do the same.
“I mean, at this point, there’s nothing they could offer me that’s going to give me my husband back. The only thing I can offer everyone is to ensure this doesn’t happen again,” Angela Skudin said.
According to the lawsuit, the family is seeking compensatory and punitive damages.
Copyright 2022 WLOS via CNN Newsource. All rights reserved. | https://www.wibw.com/2022/07/21/graphic-wife-sues-historic-tourist-attraction-after-tree-falls-family-car-killing-husband/ | 2022-07-21T22:00:30Z |
WINNIPEG, MB, Aug. 23, 2022 /PRNewswire/ - Pollard Banknote Limited (TSX: PBL) ("Pollard Banknote") is excited to announce that Guy Fieri, Emmy Award-winning television host and one of the world's most iconic culinary stars, has joined its portfolio of licensed games for use on printed instant tickets.
Chef, restaurateur, and New York Times bestselling author Guy Fieri is truly one of a kind. He is globally adored for his love of food and his deep appreciation for the hardworking people in the restaurant industry, and, in 2019, the dynamic TV show host received a coveted star on the celebrated Hollywood Walk of Fame. Additionally, Guy and his team at Knuckle Sandwich, LLC have created a thriving food and beverage empire. His most recent creation is Flavortown Kitchen, a 175-location delivery-only restaurant brand which offers Guy's real-deal flavors to complement his 80+ scratch kitchen restaurant concepts worldwide.
In February of 2022, the Mayor of Flavortown made his first-ever half-time commercial appearance during Super Bowl LVI, which had an estimated audience of over 208 million viewers and helped to propel his popularity to new heights. With his signature style and over 6.6 million followers across various social media platforms, Guy Fieri has established a wholesome brand that prioritizes food, fun, and philanthropy, providing an excellent fit with the lottery industry, and instant tickets, in particular.
"Pollard Banknote strives to deliver entertaining, exciting, and diverse brands to our lottery clients, and we are confident that the endless possibilities presented by Guy Fieri instant tickets, in terms of both art design and prizing, will be well received," said Brad Thompson, Vice President, Sales & Marketing, Pollard Banknote. "Guy Fieri's instantly recognizable persona, coupled with his extensive philanthropic endeavors, align well with lotteries looking to launch dynamic new instant tickets that will boost returns to good causes."
To support strong sales and engagement, Pollard Banknote's Licensed Games team offers lotteries a comprehensive turnkey program that includes the design, programming, and printing of themed tickets, as well as various optional enhancements such as second chance draws, merchandise prizing, experiential prizing, POS programs, and digital marketing.
Name and Images of Guy Fieri and Flavortown used with permission © and ™. All Rights Reserved. Guy Fieri, the Guy! Logo and Flavortown are registered trademarks of Knuckle Sandwich, LLC.
Pollard Banknote is a leading lottery partner to more than 60 lotteries worldwide, providing high quality instant ticket products, licensed games, in-lane ticket options, and sales-driving merchandising solutions from its Schafer Retail Solutions + portfolio. It also offers a full suite of digital offerings, ranging from world-class game apps to comprehensive player engagement and iLottery solutions, including strategic marketing and management services. The company is a proven innovator and has decades of experience helping lotteries to maximize player engagement, sales, and proceeds for good causes. Pollard Banknote also provides pull-tab tickets, bingo paper, ticket vending machines, and its Diamond Game and Compliant Gaming electronic games and devices to charitable and other gaming markets in North America. Established in 1907, Pollard Banknote is owned approximately 64.3% by the Pollard family and 35.7% by public shareholders, and is publicly traded on the TSX (PBL). For more information, please visit our website at www.pollardbanknote.com.
Certain statements in this press release may constitute "forward-looking" statements and information, which involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. When used in this document, such statements include such words as "may," "will," "expect," "believe," "plan," and other similar terminology. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this document. There should not be an expectation that such information will in all circumstances be updated, supplemented, or revised whether as a result of new information, changing circumstances, future events, or otherwise.
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SOURCE Pollard Banknote Limited | https://www.kxii.com/prnewswire/2022/08/23/pollard-banknote-welcomes-you-flavortown-guy-fieri-joins-its-licensed-game-portfolio/ | 2022-08-23T13:48:52Z |
SAN ANTONIO, April 26, 2022 /PRNewswire/ -- The American Payroll Association and the Global Payroll Management Institute today announced the finalists for its second annual Showcase Standout Awards. Featuring four categories, the awards recognize the best payroll product demonstrations of those featured at the Payroll Solutions Showcase (PSS). Finalists were selected solely through votes cast by PSS attendees.
The Payroll Solutions Showcase was a two-day virtual event held in March that brought payroll practitioners together with major payroll product and service providers for case studies, product demonstrations, and four forward-looking panel discussions. The event is available on-demand through October 31.
"The Showcase Standout Awards recognize outstanding payroll solutions providers and their presentations of premier products for the payroll industry," said Dan Maddux, executive director of the American Payroll Association and president of the Global Payroll Management Institute.
The demonstration finalists by category:
Overall PSS Best Demo
CloudPay
Experian
Immedis
rapid!
Cutting-Edge Technology
CloudPay
DailyPay
Experian
Immedis
rapid!
Data Analytics and Reporting
CloudPay
Experian
Immedis
rapid!
Workforce Management
CloudPay
Experian
Immedis
rapid!
Winners for all four categories will be announced on May 12 at the American Payroll Association and Global Payroll Management Institute's Payroll Congress in Las Vegas, NV.
The American Payroll Association (APA) is the nation's leader in payroll education, publications, and training. Visit APA online at www.americanpayroll.org.
The Global Payroll Management Institute is a leading international community of payroll leaders, managers, practitioners, researchers, and technology experts. Visit GPMI online at www.gpminstitute.com.
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SOURCE The American Payroll Association | https://www.kxii.com/prnewswire/2022/04/26/payroll-organizations-announce-finalists-showcase-standout-awards/ | 2022-04-27T03:24:24Z |
LOS ANGELES, Aug. 24, 2022 /PRNewswire/ -- As a two-day comment period begins today over new privacy regulations, Consumer Watchdog is highlighting stringent rules for personal data use as well as red flags to be addressed if Californians wish to maximize control over their personal information.
The California Privacy Protection Agency is taking public comment on Wednesday and Thursday pursuant to drafting regulations implementing the California Consumer Privacy Rights Act, amended by voters in 2020 to provide consumers with more control over their personal data.
"We applaud that the rules strive to make it easier for people to take control of their data more than ever before," wrote Justin Kloczko, Consumer Watchdog's tech and privacy advocate in a letter to the privacy board.
This includes needed guidance on what can be considered a dark pattern, the kind of deceptive language and design businesses often use to extract user consent online, and categories of collected sensitive personal information.
Read the letter here: https://consumerwatchdog.org/sites/default/files/2022-08/CPPALetterCWD_8-24-22.pdf
The nonprofit advocacy group also commends the agency for providing clarity on a global privacy preference signal, a hallmark of the new law that empowers consumers to easily opt-out of data collection. In addition, the regulations state that a business should display a message on its website as to whether it has honored a user's preference signal.
"We are pleased to see the agency has made a global opt-out mandatory for businesses to honor, a topic that has been highly disputed among the business community. The global preference signal is an easy, fluid way for users to notify all businesses of their privacy preferences," said Kloczko.
Many advertising and tech industry firms who see our data as a pot of gold have come out against a global opt-out, including the California Retailer's Association and the California Chamber of Commerce. ( https://www.consumerwatchdog.org/privacy-technology/corporations-are-spreading-privacy-law-disinformation ) The chamber, which includes among its members major personal data recipients Google, Amazon and Facebook, insurance companies State Farm and Allstate, and big banks Wells Fargo and JP Morgan Chase, said, incorrectly, "a global opt-out is voluntary under the California Privacy Rights Act."
However, Consumer Watchdog is concerned about businesses making it difficult for consumers to exercise that opt-out right. Under the proposed regulation Section 7025, it says, "a business may provide the consumer with an option to provide additional information if it will help facilitate the consumer's request to opt-out of sale or selling."
"This opens the door to a lot of friction in the form of pop-ups or worse service, which goes against the intent of the law. Companies may still ask for a name or email even if users express to not have their data shared or sold. The ability for a business to have the so-called 'last say' in this exchange over data sharing will exhaust users and should be simply eliminated," wrote Consumer Watchdog.
Further, draft provisions state businesses have 15 days to honor a person's request to stop selling or sharing data with third-parties, as well as 15 days to limit use and disclosure of sensitive personal information.
"This is a large window that threatens to upend the entire law. And the regulation is not backed up by the statutory language," wrote Consumer Watchdog.
"Even when someone opts out, personal information will still be sold because businesses are granted a two-week grace period to honor a request. It will also spur companies to concentrate on using and selling data within the window, producing a Wild West effect on data selling," wrote Consumer Watchdog.
"And even though it says a business should honor a request 'as soon as feasibly possible,' a business will cite 15 days as 'soon as feasibly possible.' Businesses should be forced to honor a person's opt-out request as soon as they are able to sell your data, which apparently is instantaneous. This gap should be closed," wrote Consumer Watchdog.
Finally, Consumer Watchdog appreciates regulations on use limits and protecting consumer data from being used beyond its expected purpose. This is particularly salient in light of car companies collecting reams of personal data as outlined in our report, "Connected Cars and the Threat to Your Privacy" (https://consumerwatchdog.org/sites/default/files/2022-03/CWD%20TELEMATICS%20REPORT%20March%202022_0.pdf). The regulations require data collection and use by any business – including a business collecting data through the infotainment system in cars – be proportionate to the purpose. For example, under section 7002, a car company that knows your location for emergency services such as a car accident should not use geolocation for an unrelated purpose.
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SOURCE Consumer Watchdog | https://www.wibw.com/prnewswire/2022/08/24/consumer-watchdog-calls-state-privacy-board-tighten-draft-regulations-hearings-commence/ | 2022-08-24T20:18:30Z |
Thirty creatives from across the U.S. were celebrated and awarded to pursue aspirational goals in food, fashion, art, music and dance industries
EL PASO, Texas, Sept. 12, 2022 /PRNewswire/ -- Jarritos, the authentic and flavorful Mexican soda brand, today announced the five grand prize winners each to receive $10,000 and an additional top 25 finalists to each receive $1,000 for their participation in the JarriTODOS Artist Grant Contest. The contest challenged competitors to showcase their art and creative work in visual art, dance, fashion, food and music for the chance to win a grant to help them pursue their artistic goals.
"I'm absolutely blown away by all of the talent and effort placed into these innovative food concepts and the finalists' passion for cooking," said celebrity chef and Jarritos Food Judge, Pati Jinich. "It's inspiring to see the next generation of chefs, bakers and food enthusiasts come from diverse backgrounds and experience."
A panel of arts and entertainment professionals selected a top-scoring winner and five semifinalists per category. Judges included Courtney Plummer, Contemporary Art Dealer, Karla Martinez de Salas, editor of Vogue Mexico/Latin America, JoJo Gomez, professional dancer/choreographer, Pati Jinich, celebrity chef and host of La Frontera, and Javier Farfan, music, entertainment, and cultural marketing consultant.
"The Jarritodos Artist Grant Contest was created to help amplify the artists and creatives whose work impacts our communities on a daily basis," said Eric Delamare, marketing director for Jarritos. "We are honored to be a small part of supporting diverse artists who don't always have access, networks or funding to pursue their dreams and ambitions."
The five grand prize winners to receive $10,000 artist grants are as follows:
- ART: Calvin Clausell from Los Angeles, California
- DANCE: Lenai A Wilkerson from Cincinnati, Ohio
- FASHION: Nicole Bisono from New York City, New York
- FOOD: Mason Sanchez & Raffi Frensley from Bowling Green, Kentucky
- MUSIC: Andres Mejia from Baltimore, Maryland
The top 25 finalists to receive $1,000 artist grants are as follows:
- Keturah Benson from Atlanta, Georgia
- Eustace Mamba from Philadelphia, Pennsylvania
- Ruben Esquivel II from Austin, Texas
- Christian Pardo Cardenas & Raul Cardenas from El Paso, Texas
- Larissa Akhmetova from Denver, Colorado
- Rob Rich from Panorama City, California
- Julian Ray Carmolinga from Berwyn Illinois
- Derek Sisouphone from Los Angeles, California
- Thom Kitt from Burbank, California
- Naomi Rivera from Bakersfield, California
- Anabella Bergero from Miami, Florida
- Fanny Mena from Los Angeles, California
- Derrick C Perkins II from Dallas, Texas
- Adan Avila from Houston, Texas
- Nico Perez from Austin, Texas
- Gina Lawrence Grandjean from Las Cruces, New Mexico
- Juan J. Sanjuan III from Huntington Park, California
- Pablo Rodriguez from Crafton Hills, California
- Johnny Chanthavong from Boston, Massachusetts
- Tessa Flack from Los Angeles, California
- David Elias Delgado from El Paso, Texas
- Beatrice Roberts and Jared Burkhalter from Deland, Florida
- Isai Morales from Dayton, Ohio
- Bran Movay from Dallas, Texas
- Jonathan Romo from El Paso, Texas
From July 11 - August 10, the JarriTODOS Artist Grant Contest opened for video submissions from artists and creatives across the U.S. who were interested in showcasing their artistic talents for the chance to move forward in the contest. Eligible entries advanced to fan voting August 12 - August 20. Due to irregularities and potential fraudulent activity in the fan voting process, all eligible submissions moved forward for an internal process review in which the top 25 submissions per each visual art, dance, fashion, food and music category were moved forward in judge deliberation from August 23 - September 2.
Created in 1950, Jarritos are delicious fruit-flavored sodas from Mexico. Sold in iconic glass bottles throughout the U.S., the brand offers 13 unique flavors, all made with natural flavors and real sugar. Jarritos flavors are mandarin, tamarind, pineapple, fruit-punch, lime, grapefruit, strawberry, mango, guava, hibiscus, passion fruit, cola and watermelon. Each unique flavor represents a delicious slice of the brand's Mexican heritage. Jarritos is now distributed in 41 countries around the world. Find out more at www.Jarritos.com.
Press Release Contact:
Brianna Hernandez
brianna@apccollective.co
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SOURCE Jarritos | https://www.wibw.com/prnewswire/2022/09/12/jarritos-mexican-soda-announces-grand-prize-winners-top-finalists-jarritodos-75000-artist-grant-contest/ | 2022-09-12T14:15:25Z |
ROSWELL, Ga., July 1, 2022 /PRNewswire/ -- StimLabs, LLC ("StimLabs"), a leader in regenerative technologies and products that are revolutionizing patient care through innovation and personalized solutions, today announced the launch of a new placental membrane-based product, Enverse.
StimLabs is expanding their product portfolio to address the widening range of needs in healthcare facilities. The introduction of Enverse is part of StimLabs' aim to simplify patient care for both physicians and the hospital systems in which they practice. Both physician owned and hospital owned facilities now have StimLabs' solutions at their disposal.
Enverse is a translucent dehydrated complete human placental membrane (dCHPM) allograft designed for use as a wound covering over acute and chronic wounds. The dCHPM allograft is processed to retain the intermediate layer using the patented Clearify™ method. This allograft is stabilized using a patented oven-dehydration process, resulting in a compact, translucent format. Enverse allows for increased application site visibility while maintaining excellent handling characteristics.1
StimLabs' differentiated placental membrane-based product portfolio remains of the highest quality with each product processed using StimLabs' patented Clearify process. StimLabs takes a scientific approach to process development, encompassing the identification, optimization, and retention of native structures and structural components found in birth tissue. With the ultimate goal of preserving all the potential that birth tissue offers, StimLabs continues to innovate the tissue space and deliver market-leading products.
Stimlabs, LLC. was founded in 2015 with a desire to advance the state of regenerative medicine. StimLabs is comprised of industry leaders who strive to offer patients the best possible care through innovation and personalized solutions. Since inception, StimLabs has conceptualized and launched a comprehensive product portfolio applying to a wide range of clinical needs and established a portfolio of intellectual property. Dedicated to providing only the highest quality products, Stimlabs continues to be a partner to both physicians and patients. For more information, visit www.stimlabs.com.
Contact
Taylor Stark
1225 Northmeadow Parkway
Suite 104
Roswell, GA 30076
taylor@stimlabs.com
www.stimlabs.com
References
1. Data on file.
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SOURCE StimLabs | https://www.mysuncoast.com/prnewswire/2022/07/01/stimlabs-llc-announces-growing-portfolio-with-new-product-enverse/ | 2022-07-01T14:55:42Z |
NEW YORK, June 13, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for XELA, CCL, AERC, HOOD, and PLUG.
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
- XELA: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=XELA&prnumber=061320225
- CCL: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=CCL&prnumber=061320225
- AERC: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=AERC&prnumber=061320225
- HOOD: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=HOOD&prnumber=061320225
- PLUG: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=PLUG&prnumber=061320225
(Note: You may have to copy this link into your browser then press the [ENTER] key.)
InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.
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SOURCE InvestorsObserver | https://www.kxii.com/prnewswire/2022/06/13/thinking-about-buying-stock-exela-technologies-carnival-corp-aeroclean-technologies-robinhood-markets-or-plug-power/ | 2022-06-13T15:32:39Z |
Naomi Osaka pulled out of Wimbledon on Saturday, citing a lingering problem with her left Achilles tendon and marking the second consecutive year she’s decided to sit out the grass-court Grand Slam tournament.
The four-time major champion and former No. 1-ranked player posted a photo of herself on a grass court and wrote on Twitter: “my Achilles still isn’t right so I’ll see you next time.”
Osaka has not played an official match since losing in the first round of the French Open to Amanda Anisimova 7-5, 6-4 on May 24. During that match, for which she said she took a painkiller, Osaka tried to stretch her tendon by tugging on the toe of her shoe at changeovers and squatting to flex her lower leg between points.
After that defeat, Osaka said she was leaning toward missing Wimbledon because the professional tennis tours aren’t ranking points awarded — a response to the All England Club’s decision to bar all players from Russia and Belarus over the war in Ukraine.
“I’m not sure why, but I feel like if I play Wimbledon without points, it’s more like an exhibition. I know this isn’t true, right? But my brain just like feels that way. Whenever I think something is like an exhibition, I just can’t go at it 100%,” Osaka said then. “I didn’t even make my decision yet, but I’m leaning more towards not playing, given the current circumstances.”
Eugenie Bouchard, who was the runner-up at the All England Club in 2014, announced Friday on social media that she would not play at Wimbledon because there are no ranking points available. Bouchard is working her way back from surgery on her right shoulder.
Osaka did not play at Wimbledon a year ago as part of a mental health break she took after pulling out of the French Open before her second-round match.
She has not won a match at the All England Club since getting to the third round in 2018. Osaka lost in the first round of Wimbledon in 2019, and the tournament was canceled in 2020 because of the coronavirus pandemic.
All four of Osaka’s Grand Slam titles came on hard courts: at the U.S. Open in 2018 and 2020 and at the Australian Open in 2019 and 2021.
The 24-year-old Osaka has played only 17 matches this season and her ranking fell to No. 43 this week.
___
More AP sports: https://apnews.com/hub/sports and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/naomi-osaka-wont-play-at-wimbledon-citing-achilles-tendon/ | 2022-06-18T19:34:03Z |
ALBUQUERQUE, N.M., Aug. 1, 2022 /PRNewswire/ -- First Choice Community Healthcare, Inc., ("First Choice"), is a community healthcare provider headquartered in Albuquerque, New Mexico, which experienced a data security incident that may have involved personal and protected health information belonging to individuals who sought medical treatment or services at First Choice. First Choice has sent notification of this incident by way of the United States Postal Service to potentially impacted individuals and provided resources to assist them.
On March 27, 2022, First Choice became aware of a possible data security incident event involving its technological environment. Following discovery, First Choice engaged an independent cybersecurity firm to investigate the scope of potential access to the First Choice environment, and whether sensitive information may have been affected. The investigation subsequently revealed that certain protected health information may have been accessed or acquired without authorization. First Choice then initiated a comprehensive review of the potentially impacted data to determine the types of personal and protected health information involved and identify the potentially impacted individuals, which was completed on June 3, 2022. Based on the investigation, the affected personal and protected health information may have included names, Social Security numbers, First Choice patient ID number, diagnosis and clinical treatment information, medications, dates of service, health insurance information, medical record number, patient account number, date of birth, and provider information.
On August 1, 2022, First Choice provided notice of this incident to the potentially impacted individuals. In so doing, First Choice provided information about the incident and about steps that potentially impacted individuals can take to protect their information.
In addition, First Choice has established a toll-free call center to answer questions about the incident and to address related concerns. Call center representatives are available Monday through Friday from 7:00 am – 7:00 pm Mountain Time and can be reached at 1 (833) 423-1900, or you can go to https://response.idx.us/firstchoice.
The privacy and protection of personal and protected health information is our top priority, and First Choice deeply regrets any inconvenience or concern this incident may cause.
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SOURCE First Choice Community Healthcare, Inc. | https://www.kxii.com/prnewswire/2022/08/01/first-choice-provides-notice-following-data-security-incident/ | 2022-08-01T23:36:31Z |
DENVER, April 22, 2022 /PRNewswire/ -- RiverNorth Opportunities Fund, Inc. is pleased to announce the declaration of a preferred dividend for the second quarter of 2022, as detailed below.
* Partial distribution representing the period from original issue date of April 20, 2022 to May 14, 2022.
RISKS
This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund's distributions. In early 2023, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder's tax return (e.g., ordinary income, long-term capital gain or return of capital). An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program. The Fund is designed as a long-term investment and not as a trading vehicle.
Investing in the Fund involves risks, including the risk that you may receive little or no return on your investment or that you may lose part or even all of your investment. The Fund's net asset value will vary and its distribution rate may vary and both may be affected by numerous factors, including changes in the market spread over a specified benchmark, market interest rates and performance of the broader equity markets. Fluctuations in net asset value may be magnified as a result of the Fund's use of leverage. Therefore, before investing you should carefully consider the risks that you assume when you invest in the Fund's common shares.
The Fund's investment objectives and policies are not designed to seek to return the initial investment to investors that purchase shares.
The distribution was calculated based on the preferred shares Liquidation Preference of $25.00 per share and most current quarterly distribution rate per share of $0.1042* for the Fund.
A portion of the distribution may be treated as paid from sources other than net income, including but not limited to short‐term capital gain, long‐term capital gain and return of capital. The final determination of the source of all distributions, including the percentage of qualified dividend income, is made after year‐end.
Past performance is no guarantee of future results.
An investor should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. To obtain an annual report or semi-annual report which contains this and other information, visit www.rivernorthcef.com or call 855.830.1222. Please read them carefully before investing.
NOT FDIC INSURED | May Lose Value | No Bank Guarantee
The Fund is a closed-end fund and does not continuously issue shares for sale as open-end mutual funds do. Since the initial public offering, the Fund now trades in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market's value.
ALPS Advisors, Inc. is the investment adviser to the Fund.
RiverNorth Capital Management, LLC is the investment sub-adviser to the Fund. RiverNorth Capital Management, LLC is not affiliated with ALPS Advisors, Inc. or any of its affiliates.
ALPS Portfolio Solutions Distributor, Inc. is the FINRA Member firm.
SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology. Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
SS&C ALPS Advisors
ALPS Advisors, Inc., a wholly-owned subsidiary of SS&C Technologies, Inc., is a leading provider of investment products for advisors and institutions. With over $19 billion in assets under management as of March 31, 2022, the firm is an open architecture boutique investment manager offering portfolio building blocks, active insight and an unwavering drive to guide clients to investment outcomes across sustainable income, thematic and alternative growth strategies. For more information visit www.alpsfunds.com.
RiverNorth Capital Management, LLC
RiverNorth is an investment management firm founded in 2000 that specializes in opportunistic strategies in niche markets where the potential to exploit inefficiencies is greatest. RiverNorth is the manager to multiple registered and private funds.
RVC000371 4/30/2023
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SOURCE RiverNorth Opportunities Fund, Inc | https://www.mysuncoast.com/prnewswire/2022/04/22/rivernorth-opportunities-fund-inc-announces-preferred-dividend/ | 2022-04-23T00:36:31Z |
TROY, N.Y. (AP) — Kumar Rocker was back where he belongs, on a pitcher’s mound throwing his blazing fastball in a live game after being idle for nearly a year.
The former Vanderbilt star right-hander started on Saturday night for the Tri-City ValleyCats of the independent Frontier League, and his first experience as a pro ended after four innings of work, the first three nearly flawless.
“It was a long year, a lot of work put in,” said Rocker, whose parents were there to take it all in. “I’m glad to see good results. I had a process. When I got the start date, it was attack, attack, attack — go out there and do my thing.”
With a slew of major league scouts and a near sellout crowd of 4,088 at Joseph L. Bruno Stadium on hand to get a glimpse of Rocker’s first game since last June 30, the hard-throwing, 6-foot-5, 245-pounder breezed through the first three innings against the Trois-Riviéres Aigles, his fastball topping out at over 98 mph to go with an effective changeup, curveball, and a sometimes nasty slider. He threw 38 pitches and struck out five, all but the first one swinging, and allowed just a bloop single to left field by the second batter he faced, second baseman Ricardo Sanchez.
“I thought he pitched great for a guy that hasn’t pitched in a year,” Tri-City manager Pete Incaviglia said. “He had good command. I think he made one mistake. Everything else was really good. I was thoroughly impressed. For him to go out there and pitch the way he did with the command he had for not pitching for a year, you’ve got to tip your hat.”
Rocker ran into trouble in the fourth, hitting the leadoff batter and tossing a wild pitch that prompted Incaviglia to make a brief visit to the mound with cleanup hitter Carlos Martinez in the midst of a long-at bat. Rocker stayed in and allowed a homer to left field to Martinez on a 3-2 slider as Trois-Riviéres took a 2-0 lead.
That was it for Rocker, whose new teammates bailed him out, rallying for a 10-2 victory. He faced 16 batters, threw 60 pitches, 43 for strikes, struck out six, did not walk a batter, and allowed three hits and two earned runs.
“He’s very intense when he pitches, but he’s very laid-back and you hardly know his heart’s beating when he’s in the clubhouse,” Incaviglia said. “We’re fortunate to have him. We’re trying to get him ready to get to the big leagues … not to just get drafted but to be ready to pitch in the big leagues when he does get drafted.”
Three years ago, Rocker led Vanderbilt to a College World Series title as a freshman and as a junior was drafted No. 10 overall last year by the New York Mets. He then walked away from the Mets when the two sides failed to reach an agreement by the August deadline because of concerns over the health of Rocker’s right arm. He was the only first-rounder not to sign.
Now 22, Rocker signed a minor league contract with Tri-City in mid-May that will keep him active until the MLB draft in July.
“He should’ve been back a long time ago,” Vanderbilt coach Tim Corbin said Saturday at the NCAA Tournament in Oregon. “All he did for our school was compete. And I’m just glad he’s getting to play and get out there and refresh himself a little bit. He looks great.”
At Vanderbilt, Rocker was a three-year standout and posted a 2.89 ERA in 42 games (39 starts), leading the Commodores to a national championship in 2019. He was named MVP of the College World Series, racking up 44 strikeouts in 28 postseason innings, including a 19-strikeout no-hitter in the NCAA Super Regional against Duke. His ERA was a microscopic 0.96 in four postseason starts.
He went 28-10 for Vandy and opted not to go back to college after not signing with the Mets, training instead on his own. The short stint with the ValleyCats will allow him to get back in the groove of live action.
“He’s the real deal,” Incaviglia said. “It’s not just his stuff that makes him, it’s his will to compete. He loves to compete. He loves to take the ball every day. Those guys are special.”
Rocker’s draft prospects are uncertain since scouts haven’t been able to see him throw until now, but he still could go on the first round again, though not as high. He’s expected to make at least three more starts in June for the ValleyCats.
__
AP Sports Writer Eric Olson contributed to this report.
___
More AP MLB: https://apnews.com/hub/mlb and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/former-vandy-star-kumar-rocker-back-on-the-mound-in-minors/ | 2022-06-05T19:48:47Z |
TAIPEI, May 20, 2022 /PRNewswire/ -- NOTICE IS HEREBY GIVEN that the 23rd annual general meeting of the shareholders of GigaMedia Limited (the "Company") will be held on June 23, 2022 at 11 a.m. local time at 8F, No.22, Lane 407, Sec.2, Tiding Blvd., Neihu District, Taipei, Taiwan, R.O.C , for the following purposes:
AS ORDINARY AND SPECIAL BUSINESS
ORDINARY RESOLUTIONS:
To consider and, if thought fit, to pass, with or without modification, the following resolutions which will be proposed as Ordinary Resolutions:
1. Adoption of audited financial statements
RESOLVED that the Statement by the Directors, Auditor's Report and Audited Financial Statements of the Company for the financial year ended December 31, 2021 are received and adopted.
(Resolution 1)
2. Approval of appointment of auditors
RESOLVED that Deloitte & Touche and Deloitte & Touche LLP be and are hereby appointed as the independent external auditors of the Company until the next Annual General Meeting and that the Directors be and are hereby authorized to fix their remuneration for the financial year ended December 31, 2022.
(Resolution 2)
3. Approval of Directors' remuneration
RESOLVED that the remuneration of all of the Directors is hereby approved in an aggregate amount not exceeding US$350,000 in respect of their professional services to the Company until the conclusion of the next Annual General Meeting of the Company.
(Resolution 3)
4. Approval for authority to allot and issue shares
RESOLVED that pursuant to Section 161 of the Companies Act, Chapter 50 of Singapore ("Companies Act"), authority be and is hereby given to the Directors of the Company to:
(1) (a) issue ordinary shares in the Company ("Shares") whether by way of rights, bonus or otherwise; and/or
(b) make or grant offers, agreements or options (collectively, "Instruments") that might or would require Shares to be issued, including but not limited to the creation and issue of (as well as adjustments to) options, warrants, debentures or other instruments convertible into Shares, at any time and upon such terms and conditions and for such purposes and to such persons as the Directors may in their absolute discretion deem fit; and
(2) notwithstanding that the authority conferred by this Resolution may have ceased to be in force, issue Shares pursuant to any Instrument made or granted by the Directors while this Resolution was in force; and
(3) unless varied or revoked by the Company in general meeting, such authority conferred on the Directors of the Company shall continue in force:
(i) until the conclusion of the next Annual General Meeting of the Company or the date by which the next Annual General Meeting of the Company is required by law to be held whichever is earlier; or
(ii) in the case of Shares to be issued pursuant to the Instruments that are made or granted pursuant to this Resolution, until the issuance of such Shares in accordance with the terms of the Instruments.
(Resolution 4)
5. Approval for share purchase mandate
RESOLVED that:
(1) for the purposes of Sections 76C and 76E of the Companies Act, the exercise by the Directors of the Company of all the powers of the Company to purchase or otherwise acquire issued Shares not exceeding in aggregate the Maximum Limit (as hereafter defined), at such price or prices as may be determined by the Directors from time to time up to the Maximum Price (as hereafter defined), by way of market purchase(s) on The Nasdaq Stock Market ("Nasdaq") or off-market purchase(s) on one or more equal access schemes as may be determined by the Directors as they see fit, which scheme(s) shall satisfy all the conditions of the Companies Act, and otherwise be in accordance with all other laws and regulations and rules of Nasdaq as may be applicable, be and is hereby authorized and approved generally and unconditionally (the "Share Purchase Mandate");
(2) unless varied or revoked by the Company in a general meeting, the authority conferred on the Directors of the Company pursuant to the Share Purchase Mandate may be exercised by the Directors at any time and from time to time during the period commencing from the date of the passing of this Resolution and expiring on the earlier of:
(a) the date on which the next Annual General Meeting of the Company is held; and
(b) the date by which the next Annual General Meeting of the Company is required by law to be held;
(3) in this Resolution:
"Average Closing Price" means the average of the closing prices of a Share for the five consecutive trading days on which the Shares are traded on Nasdaq immediately preceding the date of market purchase by the Company or the date of making the offer pursuant to an equal access scheme, which price shall be adjusted in accordance with the listing rules of Nasdaq for any corporate action that occurs after the relevant five day period;
"Maximum Limit" means that number of issued Shares representing 10% of the total number of issued Shares as at the date of the passing of this Resolution (excluding any Shares that are held as treasury shares as at that date); and
"Maximum Price" means the purchase price (excluding brokerage, commission, applicable goods and services tax and other related expenses) that shall not exceed 105% of the Average Closing Price; and
(4) the Directors of the Company and/or any of them be and are hereby authorized to complete and do all such acts and things (including executing such documents as may be required) as they and/or he may consider expedient or necessary to give effect to the transactions contemplated and/or authorized by this Resolution.
(Resolution 5)
6. To transact any other business as may properly be transacted at an Annual General Meeting of the Company.
NOTES:
1. Shareholders are cordially invited to attend the Twenty-Third Annual General Meeting in person. Whether or not you plan to be at the Twenty- Third Annual General Meeting, you are urged to return your proxy. A shareholder entitled to attend and vote is entitled to appoint one or more proxies to attend and to vote instead of him.
2. Shareholders wishing to vote by proxy should complete the attached form.
3. The proxy form of an individual shareholder shall be signed either by the shareholder personally or by his attorney. The proxy form of a corporate shareholder shall be given either under its common seal or signed on its behalf by an attorney or a duly authorized officer of the corporate shareholder.
4. A proxy need not be a shareholder of the Company.
5. The proxy form (and if relevant, the original power of attorney, or other authority under which it is signed or a notarially certified copy of such power or authority) must be deposited at Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717, or the office of the Company, 8F, No. 22, Lane 407, Section 2, Tiding Boulevard, Taipei 114, Taiwan R.O.C., not less than 48 hours before the time for holding the Twenty-Third Annual General Meeting, that is by no later than 11 p.m. June 20, 2022 (New York time), or 11 a.m. June 21, 2022 (Taipei time), failing which the proxy shall not be treated as valid.
6. Electronic Delivery of Future Proxy Materials. Shareholders can consent to receiving all future proxy statements, proxy cards and annual reports electronically via e-mail or the internet. To sign up for electronic delivery, please follow the instructions below relating to "Electronic Delivery of Future Proxy Materials" and, when prompted, indicate that you agree to receive or access proxy materials electronically in future years.
7. Only shareholders of record at the close of business on April 22, 2022 are entitled to notice of and to vote at the Twenty- Third Annual General Meeting, or any adjournment or postponement of the Twenty- Third Annual General Meeting. If you have sold or transferred the Shares you hold in the Company to another person (the "Purchaser" or "Transferee") after April 22, 2022 and prior to the Twenty- Third Annual General Meeting, you should immediately forward this Notice and the attached proxy statement and proxy card to the Purchaser or Transferee of such Shares, or to the bank, broker, or agent through whom the sale of such Shares was effected, for onward transmission to the Purchaser or Transferee.
8. The Company intends to use internal sources of funds or external borrowings or a combination of both to finance the Company's purchase or acquisition of Shares pursuant to the Share Purchase Mandate. The Directors do not propose to exercise the Share Purchase Mandate to such extent that it would materially and adversely affect the financial position of the Company and its subsidiaries. The amount of financing required for the Company to purchase or acquire its Shares, and the impact on the Company's financial position, cannot be ascertained as at the date of this Notice as this will depend on the number of Shares purchased or acquired, the price at which such Shares were purchased or acquired and whether the Shares purchased or acquired would be held in treasury or cancelled.
PROXY STATEMENT
QUESTIONS AND ANSWERS ABOUT THE ANNUAL MEETING AND VOTING
Why Did I Receive This Proxy Statement?
We sent you this proxy statement and the enclosed proxy card because the Company's Board of Directors is soliciting your proxy to be used at the Company's annual meeting of shareholders on June 23, 2022 at 8F, No.22, Lane 407, Sec.2, Tiding Blvd., Neihu District, Taipei, Taiwan, R.O.C., or at any adjournment or postponement of the meeting.
Who Can Vote?
You are entitled to vote if you owned the Shares on the record date ("Record Date"), which is the close of business on April 22, 2022. Each Share that you own entitles you to one vote.
How Many Shares of Voting Stock Are Outstanding?
On the Record Date, there were 11,052,235 Shares outstanding. The Shares are our only class of voting stock.
What May I Vote On?
1. Adoption of Audited Financial Statements
2. Approval of Appointment of Auditors
3. Approval of Directors' Remuneration
4. Approval for Authority to Allot and Issue Shares
5. Approval for Share Purchase Mandate
Other Business
How Do I Vote?
To vote by proxy, you should complete, sign and date the enclosed proxy card and return it promptly in the prepaid envelope provided.
How Do I Request Electronic Delivery of Future Proxy Materials?
If you would like to reduce the costs incurred by our company in mailing proxy materials, you can consent to receiving all future proxy statements, proxy cards and annual reports electronically via e-mail or the internet. To sign up for electronic delivery, please go to www.proxyvote.com to indicate that you agree to receive or access proxy materials electronically in future years.
May I Revoke My Proxy?
Your proxy may be revoked prior to its exercise by appropriate notice to us.
If I Plan To Attend The Meeting, Should I Still Vote By Proxy?
Whether you plan to attend the meeting or not, we urge you to vote by proxy. Returning the proxy card will not affect your right to attend the meeting, and your proxy will not be used if you are personally present at the meeting and inform the Secretary in writing prior to the voting that you wish to vote your Shares in person.
How Will My Proxy Get Voted?
If you properly fill in your proxy card and send it to us, your proxy holder (the individual named on your proxy card) will vote your Shares as you have directed. If you sign the proxy card but do not make specific choices, the proxy holder will vote your Shares as recommended by the Board of Directors and our management.
How Will Voting On Any Other Business Be Conducted?
Although we do not know of any business to be considered at the meeting other than the proposals described in this proxy statement, if any other business is presented at the meeting, your returned proxy gives authority to the proxy holder to vote on these matters in his discretion.
Proposal 1. ADOPTION OF AUDITED FINANCIAL STATEMENTS
The Company seeks shareholders' adoption of the audited financial statements of the Company (the "Audited Financial Statements"), which have been prepared under Financial Reporting Standards in Singapore ("FRSs") , in respect of the financial year ended December 31, 2021. Along with the Audited Financial Statements, the Company seeks Shareholders' adoption of the Statement by the Directors and Auditor's Report of the Company in respect of the same financial year.
Adoption of this proposal requires the affirmative vote of a majority of the votes cast by shareholders entitled to vote at the Twenty- Third Annual General Meeting of the Company (the "AGM").
The Board of Directors of the Company (the "Board of Directors") recommends a vote FOR this proposal.
Proposal 2. APPROVAL OF APPOINTMENT OF AUDITORS
The Company seeks Shareholders' approval for the appointment of Deloitte & Touche and Deloitte & Touche LLP as the independent external auditors of the Company to hold such office until the conclusion of the next Annual General Meeting of the Company. The Board of Directors also seeks shareholders' approval to authorize the Board of Directors to fix the remuneration for Deloitte & Touche and Deloitte & Touche LLP in respect of their services to the Company for the financial year ended December 31, 2022.
Adoption of this proposal requires the affirmative vote of a majority of the votes cast by shareholders entitled to vote at the AGM.
The Board of Directors recommends a vote FOR this proposal.
Proposal 3. APPROVAL OF DIRECTORS' REMUNERATION
The Company seeks shareholders' approval on the remuneration of all of the Directors in an aggregate amount not exceeding US$350,000 in respect of their professional services to the Company until the conclusion of the next Annual General Meeting of the Company.
Adoption of this proposal requires the affirmative vote of a majority of the votes cast by shareholders entitled to vote at the AGM.
The Company's management recommends a vote FOR this proposal.
Proposal 4. APPROVAL FOR AUTHORITY TO ALLOT AND ISSUE SHARES
The Company is incorporated in Singapore. Under the Companies Act, Chapter 50 of Singapore (the "Companies Act"), the Directors may exercise any power of the Company to issue new Shares only with the prior approval of the shareholders of the Company at a general meeting. Such approval, if granted, is effective from the date of the general meeting at which the approval was given until the date on which the next Annual General Meeting of the Company is held or is required by law to be held, whichever is earlier.
Shareholders' approval is sought to give Directors authority to allot and issue new Shares and other instruments convertible into Shares during the period from the Twenty-Third Annual General Meeting to the earlier of the next Annual General Meeting or the date by which the next Annual General Meeting of the Company is required by law to be held.
Adoption of this proposal requires the affirmative vote of a majority of the votes cast by shareholders entitled to vote at the AGM.
The Board of Directors recommends a vote FOR this proposal.
Proposal 5. APPROVAL FOR SHARE PURCHASE MANDATE
The approval of the Share Purchase Mandate authorizing the Company to purchase or acquire its Shares would give the Company the flexibility to undertake Share purchases or acquisitions at any time, subject to market conditions, during the period when the Share Purchase Mandate is in force.
In managing the business of the Company and its subsidiaries (collectively, the "Group"), the Company's management strives to increase shareholders' value by improving, inter alia, the return on equity of the Group. A Share purchase by the Company is one of the ways through which the return on equity of the Group may be enhanced.
A Share purchase is also an available option for the Company to return surplus cash that is in excess of the financial and possible investment needs of the Group to its shareholders. In addition, the Share Purchase Mandate will allow the Company to have greater flexibility over, inter alia, the Company's share capital structure and its dividend policy.
The Company intends to use internal sources of funds or external borrowings or a combination of both to finance the Company's purchase or acquisition of the Shares pursuant to the Share Purchase Mandate. The Directors do not propose to exercise the Share Purchase Mandate to such extent that it would materially and adversely affect the financial position of the Group.
Share repurchase programmes may also help buffer short-term Share price volatility and off-set the effects of short-term speculators and investors and, in turn, bolster shareholder confidence and employee morale.
Adoption of this proposal requires the affirmative vote of a majority of the votes cast by shareholders entitled to vote at the AGM.
The Board of Directors recommends a vote FOR this proposal.
OTHER MATTERS
As of the date of this Proxy Statement, the Company does not intend to present and has not been informed that any other person intends to present any business not specified in this Proxy Statement for action at the Twenty- Third Annual General Meeting.
Shareholders are urged to sign the enclosed proxy form and to return it promptly in the enclosed envelope. Proxies will be voted in accordance with shareholders' directions. Signing the proxy form does not affect a shareholder's right to vote at the Twenty- Third Annual General Meeting, and the proxy may be revoked prior to its exercise by appropriate notice to the undersigned.
PROXY SOLICITATION
The Company will pay the cost of preparing and mailing this proxy statement and form of proxy to its shareholders. The Company has retained Mackenzie Partners, Inc. to request banks and brokers to forward copies of these materials to persons for whom they hold Shares and to request authority for execution of the proxies.
View original content:
SOURCE GigaMedia | https://www.mysuncoast.com/prnewswire/2022/05/20/notice-twenty-third-annual-general-meeting-shareholders/ | 2022-05-20T14:25:11Z |
Joins from The Times & The Sunday Times with Remit to Oversee Editorial Standards
NEW YORK, Aug. 5, 2022 /PRNewswire/ -- Newsweek's Global Editor-in-Chief Nancy Cooper today announced the appointment of Christopher Roberts to the new position of Global Publishing Editor. In this role, Roberts will help shape the high-quality journalism that Newsweek has brought to readers worldwide for more than 80 years. He will report directly to Cooper and will be responsible for the publication of Newsweek's news from around the world and for maintaining the highest editorial standards. Based in London, he will lead a team of sub-editors located in the United States and United Kingdom.
"Christopher's global expertise and track-record in successfully managing the varied aspects of the modern newsroom made him the ideal candidate for this new role," said Cooper.
"Newsweek is an iconic news brand, and I am excited to work with its teams in the U.S. and U.K., helping them navigate today's fast-paced news cycle and digital demands, so the newsroom and entire organization can flourish," said Roberts.
Roberts joins Newsweek from The Times and The Sunday Times, where he most recently served as Deputy Head of Production, helping lead the transformation from a print-based approach to digital first at the head of a team of sub-editors, picture editors, website producers and SEO analysts. He has more than 15 years' experience in website and newspaper editing for national news organizations in the United Kingdom. Before joining The Times in 2015, Christopher had worked at the Daily Mail.
Christopher Roberts is a graduate of Oxford University.
His start date with Newsweek is August 8, 2022.
Newsweek is the modern global digital news organization built around the iconic, over 85-year-old American magazine. Newsweek reaches 100 million people each month with its thought-provoking news, opinion, images, graphics, and video delivered across a dozen print and digital platforms. Headquartered in New York City, Newsweek also publishes international editions in EMEA and Asia.
Media Contact:
Laura Goldberg
LBG Public Relations for Newsweek
laura@lbgpr.com
+1-347-683-1859
View original content:
SOURCE Newsweek | https://www.wibw.com/prnewswire/2022/08/05/newsweek-names-christopher-roberts-global-publishing-editor/ | 2022-08-05T15:15:40Z |
BEIJING, July 19, 2022 /PRNewswire/ -- China Liberal Education Holdings Limited (Nasdaq: CLEU) ("China Liberal," the "Company," or "we"), a China-based company that provides smart campus solutions and other educational services, today announced that the Company received a written notification (the "Notification Letter") from the Nasdaq Stock Market LLC ("Nasdaq") on July 15, 2022, notifying the Company that it is not in compliance with the minimum bid price requirement set forth in the Nasdaq Listing Rules for continued listing on the Nasdaq.
Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of US$1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company's ordinary shares for the 30 consecutive business days from June 1, 2022 to July 14, 2022, the Company no longer meets the minimum bid price requirement.
The Notification Letter does not impact the Company's listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until January 11, 2023, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company's ordinary shares must have a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days. In the event the Company does not regain compliance by January 11, 2023, the Company may be eligible for additional time to regain compliance or may face delisting.
The Company's business operations are not affected by the receipt of the Notification Letter. The Company intends to monitor the closing bid price of its ordinary shares and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse share split of its outstanding ordinary shares, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.
About China Liberal Education Holdings Limited
China Liberal, headquartered in Beijing, is an educational service provider in China. It provides a wide range of services, including those under sino-foreign jointly managed academic programs; overseas study consulting services; technological consulting services for Chinese universities to improve their campus information and data management system and to optimize their teaching, operating and management environment, creating a "smart campus"; and tailored job readiness training to graduating students. For more information, please visit the Company's website at ir.chinaliberal.com.
Forward-Looking Statements
This document contains forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's expectations and projections about future events, which the Company derives from the information currently available to the Company. Such forward-looking statements relate to future events or our future performance, including: our ability to successfully integrate the newly acquired business; our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review risk factors that may affect its future results in the Company's registration statement and in its other filings with the U.S. Securities and Exchange Commission.
Investor Relations Contact
China Liberal Education Holdings Limited
Email:ir@chinaliberal.com
Ascent Investor Relations LLC
Ms. Tina Xiao
Email: tina.xiao@ascent-ir.com
Tel: +1 917 609 0333
View original content:
SOURCE China Liberal Education Holdings Limited | https://www.wibw.com/prnewswire/2022/07/19/china-liberal-education-holdings-limited-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency/ | 2022-07-19T10:37:51Z |
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