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Southern Company ranks No.1 for Black executives
ATLANTA, May 6, 2022 /PRNewswire/ -- Southern Company has been named among the Top 50 Companies for Diversity by DiversityInc, moving up to number 19 on its 2022 list.
This is the seventh consecutive year Southern Company has been recognized as a Top 50 Company for Diversity, and for its efforts to hire, retain and promote women, minorities, people with disabilities, LGBTQ and veterans. Southern Company has moved up 27 spots on the list over that period.
"Our people are the power of Southern Company," said Sloane Drake, Southern Company senior vice president of Human Resources. "Their energy enables us to build a brighter future for our customers and the communities we call home. We drive results by valuing different opinions, backgrounds and experiences, and by welcoming diverse points of view. We celebrate our progress and are committed to a diverse and inclusive organization."
In addition to its overall ranking, Southern Company was recognized on five other specialty lists
- No. 1 - Top Company for Black Executives
- No. 4 - Top Company for Supplier Diversity
- No. 7 - Top Company for Veterans
- No. 8 - Top Company for Executive Diversity Councils
- No. 33 - Top Company for Environmental, Social and Governance
These rankings are based on 2021 company-submitted data in six key areas: 1) leadership accountability, 2) human capital diversity metrics, 3) talent programs, 4) workforce practices, 5) supplier diversity and 6) philanthropy.
View the entire Top 50 Companies for Diversity list.
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company | https://www.kxii.com/prnewswire/2022/05/06/southern-company-once-again-earns-top-20-national-ranking-companies-diversity-by-diversityinc-marking-seven-consecutive-years-recognition/ | 2022-05-06T19:21:21Z |
Companies intend to collaborate on future products, services and technology
LOS ALTOS, Calif., July 27, 2022 /PRNewswire/ -- Bryte, Inc., the leader in restorative sleep technology, announced today a $20 million strategic investment round led by Tempur Sealy International, Inc. (NYSE: TPX), the company synonymous with innovation in the mattress industry. Additionally, the two companies intend to collaborate on future products, services, and technology. ARCHina Capital and other existing Bryte investors also participated in the funding round.
"Our mission is to empower lives through restorative sleep, which starts by reaching as many people as possible, with the most technically advanced products and first-rate services at a complete range of price points. There is simply no company in the world with a more complete and desirable portfolio of brands than Tempur Sealy, and we couldn't be more excited about their investment," said Luke Kelly, CEO, Bryte.
"It has long been clear to us that meaningful innovation improves sleep outcomes for millions of people. With Bryte we have invested in a company that is committed to innovation with an elegant, seamless integrated product that we believe fits our long-term brand strategy. We are excited to form a relationship with their talented team," said Scott Thompson, Tempur Sealy Chairman and CEO.
Bryte is best known for its flagship product The Restorative Bed™, which is popular with celebrities and top CEOs alike, and can be found in the suites of luxury hotels such as Four Seasons Hotel Los Angeles at Beverly Hills, Fairmont Scottsdale Princess, Park Hyatt New York, as well as Rosewood locations, among others.
Bryte's in-bed technology measures, learns, tests, and applies what each sleeper needs to optimize their restorative sleep through real-time in-bed personalized comfort adjustments and relaxation experiences and services. Furthermore, the technology is purpose-built as a platform of hardware, software and AI services that can be seamlessly integrated into the product lines of select mattress brands, in service of reaching and benefiting more sleepers, more quickly.
"We founded Bryte with the vision to integrate the latest technology and sleep science into delightful experiences that truly deliver impactful restorative sleep products & services. With Tempur Sealy, we have an amazing investor that shares our vision. We are excited to develop technologies and capabilities to lead the industry in creating breakthrough products and experiences together," said Ely Tsern, Co-Founder and CTO of Bryte.
About Bryte
Founded in 2016 in Silicon Valley, Bryte is the Restorative Sleep Technology platform powering the future of sleep through licensing to leading mattress manufacturing partners, supplying hotels and selling direct to consumers. Prior to this round, the company has raised over $30M with investors including ARCHina Capital, 10x Group, Evolution VC Partners and more. For more information, visit Bryte.com
About Tempur Sealy International, Inc.
Tempur Sealy International, Inc. (NYSE: TPX) develops, manufactures, and markets mattresses, foundations, pillows and other products. The Company's products are sold worldwide through third party retailers, its own stores, and online. The Company's brand portfolio includes many highly recognized brands in the industry, including Tempur®, Tempur-Pedic®, Sealy® featuring Posturepedic® Technology, and Stearns & Foster®. World headquarters for Tempur Sealy International is in Lexington, KY. For more information, visit http://www.tempursealy.com or call 800-805-3635.
For more information please contact lindsay@lindsaystevenspr.com
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SOURCE Bryte, Inc. | https://www.kxii.com/prnewswire/2022/07/27/bryte-announces-20m-strategic-funding-round-led-by-tempur-sealy/ | 2022-07-27T11:03:22Z |
‘I felt very unsafe’: Proud Boys show up at children’s library event
WILMINGTON, N.C. (WECT/Gray News) - A North Carolina library was hosting a Pride storytime event on Tuesday when a group of Proud Boys, far-right extremists, showed up outside of the event room.
Emily Jones was there with her 1-year-old daughter. She told WECT that she attends the storytime events often at the library.
“I had been talking about it for weeks. I was so happy that the library was having this inclusive environment for us, and it was very disappointing. It was so disappointing to see it unfold the way that it did,” Jones said.
She was particularly excited about this one, but her excitement quickly turned into panic.
“I get it’s a public space, so if people are holding signs outside and they are being peaceful, even if I don’t agree with the things that they are saying, I don’t feel necessarily like my life is in danger. But when a group of known violent people, you know, at that point when those people show up and they’re coming into the library and trying to disrupt the storytime, that’s when I felt unsafe,” Jones said. “And they’re doing that on purpose for sure to intimidate people.”
When Jones arrived for the storytime, she said she only saw a handful of peaceful protestors outside, but not any Proud Boys.
“They were dressed, what I would describe as like, normally,” Jones said. “I didn’t feel threatened by their attire. They were holding signs that said things like, ‘the library is responsible for child abuse,’ and ‘keep pornography out of our libraries.’”
About 45 minutes later, things changed.
“And then I heard some commotion outside. I remember seeing one guy’s face on the glass, and he was glaring at us, and trying to antagonize us. And a group of probably I would say, like maybe six or so others, they kind of paraded down the hall, like they were very clearly trying to antagonize us,” Jones said.
The New Hanover County Sheriff’s Office had deputies at the event to prevent the Proud Boys from entering the room.
Angie Kahney was in the hallway outside of the event room when the Proud Boys walked in. She says the group was loud and disruptive, but in a statement, the sheriff’s office says there was no disturbance.
“They were like yelling obscenities about how their tax money was being spent on pornography and drag queens,” Kahney said. “There was shouting. It was loud. Like their attempt was to intimidate and create a disruption and that’s exactly what they did.”
Jones says the group “definitely disturbed us.”
The sheriff’s office added because it’s a public place, there was no need for the Proud Boys to be removed.
The sheriff’s office declined an on-camera interview, but did release a statement from Sheriff McMahon that reads: “I took an oath not to uphold opinions, but to uphold the law, which is exactly what my supervisor and deputies did.”
Jones says even 24 hours later, she still has an uneasy feeling about how the incident panned out.
“It’s so terrifying that they were just able to show up in the middle of an event and come in the library like that and just walk straight back there to that room. That was very scary. I feel very thankful that nothing worse happened, for sure,” she said.
A spokesperson for the county said that the library had extra staff and volunteers present at the event. The library also coordinated with the sheriff’s office to help ensure the safety of everyone.
“There was pre-planning that took place to help ensure the environment inside the event was positive and safe for all attendees,” the spokesperson said.
Copyright 2022 WECT via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/06/23/i-felt-very-unsafe-proud-boys-show-up-childrens-library-event/ | 2022-06-23T14:36:22Z |
Man shoots 2, killing shopper during Walmart theft attempt in Ohio, police say
FAIRFIELD TOWNSHIP, Ohio (WXIX/Gray News) - Two people were shot during an attempted theft at a Walmart store just before 8 p.m. Thursday, according to police.
One of the victims was pronounced dead at the scene, according to Fairfield Township Police Captain Doug Lanier.
The other victim was taken to UC West Chester Hospital in critical condition, he said.
Witnesses gave police the suspect’s description, which included a COVID-19 mask, WXIX reported.
The witnesses said the suspect tried to steal items from the electronics section, according to the police statement. An employee and other people intervened.
“A shopper intervened and the male suspect was able to pull away and run toward the front of the store, where another shopper tried to stop him. The suspect pulled out a handgun and shot and killed that shopper,” police wrote in the statement.
A witness said the other victim is a Walmart employee.
“I can’t even begin to fathom or speak for the people that were working or shopping here when this occurred,” Lanier said.
“We can all appreciate a Good Samaritan who is wanting to jump in and help. There’s so many times right now where someone is getting hurt, and people just sit back and turn on the recorder and just watch,” Lanier said. “This is a situation were you’re talking about property, and it’s just not worth it to intervene when you’re talking about property.”
The suspect, who police identified overnight as Anthony Freeman Brown, 32, of Hamilton, fled the scene and was taken into custody in Middletown early Friday, Lanier said.
Detectives are interviewing a passenger who was in that car as well as other witnesses.
Copyright 2022 WXIX via Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/05/27/man-shoots-2-killing-shopper-during-walmart-theft-attempt-ohio-police-say/ | 2022-05-27T11:36:45Z |
FUKUOKA, Japan, July 5, 2022 /PRNewswire/ -- EditForce, Inc. (Headquarters: Fukuoka, President and CEO: Takashi Ono; hereinafter "EditForce") has entered into a License Agreement (hereinafter "Agreement") with Mitsubishi Tanabe Pharma Corporation (Headquarters: Osaka, Representative Director: Hiroaki Ueno; hereinafter "MTPC") to research, develop and commercialize potential gene therapy products for a specific target disease in the field of CNS by utilizing EditForce's proprietary PPR protein platform technology.
Logo of EditForce, Inc.: https://kyodonewsprwire.jp/prwfile/release/M107232/202206242954/_prw_PI1fl_09s1955H.jpg
In this alliance, MTPC and EditForce aim to create potential novel pharmaceuticals for the specific CNS disease by utilizing the drug R&D know-how and global business experience of MTPC and the novel biotechnology of EditForce. MTPC will acquire the exclusive right to conduct the selection of drug candidate molecules, preclinical and clinical development, manufacturing, and commercialization worldwide.
Under the terms of the Agreement, EditForce will receive an upfront payment and milestone payments amounting to over 20 billion yen depending on the development stage and commercialization progress, and royalties based on worldwide sales after the launch.
"I am so delighted to reach the agreement with MTPC, which has an interest in our proprietary PPR protein platform technology," said Takashi Ono, President and CEO of EditForce. "We look forward to working closely with MTPC to develop and deliver breakthrough pharmaceutical products with our technology to patients suffering from diseases."
EditForce will proceed with R&D of pharmaceuticals using its PPR protein platform technology.
About EditForce, Inc.
EditForce, Inc., a Kyushu University-originated venture company developing a unique DNA/RNA editing technology (PPR platform technology (*)), was established in May 2015 by KISCO Ltd. and Prof. Takahiro Nakamura of Kyushu University (former president of EditForce and currently its scientific advisor) and funded by companies and funds that have track records of investing in life sciences and biotechnology. EditForce aims for drug discovery that applies the PPR technology through joint research with universities and private companies.
For more information, please visit https://www.editforce.co.jp/
(*) Pentatricopeptide repeat (PPR) protein platform technology
PPR is a protein discovered in plants that regulates gene expression by binding to DNA and RNA in a sequence-specific manner. The PPR proteins are also found in humans and yeasts, and they have similar functions. Prof. Takahiro Nakamura and Dr. Yusuke Yagi, CTO of EditForce, have focused on the PPR proteins and elucidated the mechanism that determines sequence specificity, and established a technology for creating various PPR proteins, each of which binds to a specific target DNA or RNA sequence. Furthermore, it is possible to manipulate and modify the target genome and RNA both inside and outside the cell by fusion with effector proteins.
About Mitsubishi Tanabe Pharma Corporation
Mitsubishi Tanabe Pharma Corporation (MTPC), the pharma arm of Mitsubishi Chemical Group (MCG), is one of the oldest pharmaceutical companies in the world, founded in 1678, and focusing on ethical pharmaceuticals. MTPC is headquartered in Doshomachi, Osaka, the birthplace of Japan's pharmaceutical industry. MCG has positioned health care as its strategic focus in its management policy, "Forging the future." MTPC sets the MISSION of "Creating hope for all facing illness." To that end, MTPC is prioritizing work on "precision medicine" to provide drugs with high treatment satisfaction by identifying patient populations with high potential for efficacy and safety, focusing on the disease areas of the central nervous system and immuno-inflammation. In addition, MTPC is working to develop "around the pill solutions" to address specific patient concerns based on therapeutic medicine, including prevention of diseases, pre-symptomatic disease care, prevention of aggravation and prognosis.
For more information, go to https://www.mt-pharma.co.jp/e/
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SOURCE EditForce, Inc. | https://www.mysuncoast.com/prnewswire/2022/07/05/editforce-mitsubishi-tanabe-pharma-enter-into-license-agreement/ | 2022-07-05T08:48:40Z |
Ken Crutchfield will join panelists to share insights on how technology and innovations are making a difference across the legal industry
NEW YORK, June 8, 2022 /PRNewswire/ -- Ken Crutchfield, Vice President & General Manager of Legal Markets at Wolters Kluwer Legal & Regulatory U.S., will speak at this year's Legal Innovators California on a panel titled "Reshaping Legal Services." The panel will take place in San Francisco on Thursday, June 9, from 9:20 AM – 10:00 AM PT / 12:20 PM – 1:00 PM ET.
The discussion will focus on how technology and innovation are impacting the delivery of legal services and how legal professionals are working to adapt quickly and effectively for their clients. Crutchfield will join several industry experts for the discussion, including Ned Gannon, President at eBrevia, Nicholas Long, Managing Director of Legal Business Services at Deloitte Tax LLP, Vedika Mehera, Innovation Advisor at Orrick, Herrington & Sutcliffe LLP, Leonard Nuara, Founding Partner at Flatiron Law Group LLP, and Carla Swansburg, Chief Executive Officer of ClearyX at Cleary Gottlieb Steen & Hamilton LLP.
"As more and more legal technology comes onto the market, it is critical for legal professionals to have an understanding of what solutions will help them produce the best possible work product and outcomes for their clients," said Crutchfield. "I look forward to joining the other panelists and discussing key trends in legal innovation."
Legal Innovators California is a one-day, legal tech conference designed for legal professionals to explore the intersection of technology and the business of law. Drawing on the event's success in the United Kingdom, this is the first year it will be held in the United States. Legal Innovators includes networking opportunities, exhibitions and valuable takeaways from industry experts and decision makers from different areas in legal innovation. Wolters Kluwer is also serving as a sponsor of the event.
To register and learn more, visit: https://www.legalinnovatorscalifornia.com/
Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.
Wolters Kluwer reported 2021 annual revenues of €4.8 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,800 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.
Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).
For more information, visit www.wolterskluwer.com, follow us on LinkedIn, Twitter, Facebook, and YouTube.
Linda Gharib
Director, Brand & Communications
Wolters Kluwer Legal & Regulatory U.S.
Tel: +1 (646) 887-7962
Email: lrusmedia@wolterskluwer.com
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SOURCE Wolters Kluwer Legal & Regulatory U.S. | https://www.mysuncoast.com/prnewswire/2022/06/08/wolters-kluwer-thought-leader-speak-technology-innovation-legal-innovators-california/ | 2022-06-08T16:53:46Z |
Reversing Trump, Biden signs order to deploy US troops to Somalia
WASHINGTON (AP) — President Joe Biden on Monday signed an order to deploy U.S. troops to Somalia amid heightened concerns about the country’s Islamic extremist rebels, known as al-Shabab. The move is a reversal of President Donald Trump’s late-term decision to remove nearly all 700 Special Operator forces that had been operating there.
Biden’s decision, confirmed by a senior administration official, comes after Defense Secretary Lloyd Austin requested the deployment “to reestablish a persistent U.S. military presence in Somalia to enable a more effective fight against al-Shabaab, which has increased in strength and poses a heightened threat.”
The official, who requested anonymity to discuss a decision that has been formally announced, said American forces already in the region would be repositioned.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/05/16/reversing-trump-biden-signs-order-deploy-us-troops-somalia/ | 2022-05-16T16:13:56Z |
Yastrzemski HR, Arenado K lift Giants past Cardinals 4-3
By MICHAEL WAGAMAN
Associated Press
SAN FRANCISCO (AP) — Mike Yastrzemski hit a tiebreaking home run into McCovey Cove in the sixth inning, and the San Francisco Giants only struck out once while beating the St. Louis Cardinals 4-3. San Francisco closer Camilo Doval got slugger Nolan Arenado to strike out swinging with the tying run on second base to complete his fifth save. LaMonte Wade Jr. also homered in his third game off the injured list to help the Giants win their second straight after a five-game losing streak. They split the four-game series with the Cardinals. San Francisco hitters didn’t have any strikeouts until Joc Pederson whiffed against Giovanny Gallegos for the last out in the eighth inning. | https://localnews8.com/sports/ap-national-sports/2022/05/08/yastrzemski-hr-arenado-k-lift-giants-past-cardinals-4-3/ | 2022-05-09T05:36:18Z |
NEW YORK, Aug. 15, 2022 /PRNewswire/ -- Attention Molecular Partners AG ("Molecular Partners") (NASDAQ: MOLN) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors. This lawsuit is on behalf of a class consisting of persons and entities that purchased or otherwise acquired: (a) Molecular Partners American Depositary Shares pursuant and/or traceable to certain documents issued in connection with the Company's initial public offering conducted on or about June 16, 2021; and/or (b) Molecular Partners securities between June 16, 2021, and April 26, 2022.
If you suffered a loss on your investment in Molecular Partners, 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 Molecular Partners includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (i) the Company's product, ensovibep, was less effective at treating COVID-19 than defendants had led investors to believe; that (ii) accordingly, the the U.S. Food and Drug Administration ("FDA") was reasonably likely to require an additional Phase 3 study of ensovibep before granting the drug Emergency Use Authorization ("EUA"); (iii) waning global rates of COVID-19 significantly reduced the Company's chances of securing EUA for ensovibep; (iv) another of the Company's product candidates, MP0310, was less attractive to Molecular Partners' collaborator, Amgen, than defendants had led investors to believe; (v) accordingly, there was a significant likelihood that Amgen would return to global rights of MP0310 to Molecular Partners; (vi) as a result of all the foregoing, the clinical and commercial prospects of ensovibep and MP0310 were overstated; and (vii) as a result, documents issues in connection with the Company's initial public offer and defendants' public statements throughout the class period were materially false and/or misleading and failed to state information required to be stated therein.
DEADLINE: September 12, 2022
Aggrieved Molecular Partners investors only have until September 12, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent Wong | https://www.wibw.com/prnewswire/2022/08/15/class-action-alert-law-offices-vincent-wong-remind-molecular-partners-investors-lead-plaintiff-deadline-september-12-2022/ | 2022-08-15T11:13:04Z |
Canadiens’ Gallagher says Sens’ Stutzle embellishes injuries
By The Associated Press
Montreal Canadiens veteran Brendan Gallagher has accused Ottawa Senators forward Tim Stützle of embellishing injuries, calling the alleged behavior “embarrassing.” Gallagher spoke out about Stützle laying on the ice, seemingly injured, after Ottawa beat the Canadiens 6-3 in Montreal on Tuesday night. | https://localnews8.com/sports/ap-national-sports/2022/04/06/canadiens-gallagher-says-sens-stutzle-embellishes-injuries/ | 2022-04-06T21:15:18Z |
Passage of this legislation will have a transformative impact on the electrochromic glass industry
FARIBAULT, Minn., Aug. 17, 2022 /PRNewswire/ -- President Biden signed into law the Inflation Reduction Act, which includes numerous provisions to help decarbonize the US economy, including the addition of a new tax credit for dynamic glass. The bill added electrochromic glass to Section 48 of the Internal Revenue Code, commonly referred to as the Investment Tax Credit (ITC). The credit can cover up to 30% of the costs associated with dynamic glass, moving it towards cost parity with traditional glazing and shading solutions.
The passage of this bill is both a recognition of the decarbonization potential of electrochromic glass as well as the importance of the tax code as a market driver for newer technologies. "The ITC has a long track record of stimulating increased investment in renewable energy sources such as wind and solar. We applaud Congress and the Biden Administration for recognizing the importance of dynamic glass as a tool to combat climate change, while simultaneously improving the health and well-being of building occupants," said Michael Lane, VP of Sales for SageGlass. "This is a true game changer for the industry," Lane continues. "Dynamic Glass has proven itself for years in larger and larger applications, but first cost has remained an obstacle to large-scale adoption. This tax credit can go a long way towards making the technology more accessible."
The bill also contained additional changes for the Investment Tax Credit (ITC) which has a direct bearing on dynamic glass, including provisions for direct pay and credit transfer mechanisms. These new tools potentially enable certain tax-exempt entities to benefit from the credit [1]. "There are lots of important details related to credits like this and we look forward to consulting with our customers to help them understand the nuances of these changes," said Lane.
SageGlass is the global leader in electrochromic glass and is transforming the human experience in the built environment. With this smart technology, dynamic glass tints and clears automatically to optimize daylight and regulate temperature — all while maintaining unobstructed views of the outdoors.
With SageGlass, building occupants comfortably experience the biophilic benefits of the outdoors, including stress reduction, enhanced creativity, and greater wellbeing. Architects choose SageGlass to solve solar control challenges elegantly without sacrificing aesthetics. And SageGlass can help building owners use less energy and achieve sustainability and wellness certifications. The SageGlass Symphony® control system can be integrated into smart, connected building systems.
SageGlass holds more than 1,300 patents and counting. And as a wholly owned subsidiary of Saint-Gobain, SageGlass is backed by more than 350 years of building science expertise that only the world leader in sustainable environments can provide.
Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures, and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction, and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The group's commitment is guided by its purpose, "MAKING THE WORLD A BETTER HOME."
€44.2 billion in sales in 2021
More than 166,000 employees, located in 70 countries
Committed to achieving Carbon Neutrality by 2050
For more details on Saint-Gobain, visit http://www.saint-gobain.com and follow us on Twitter @saintgobain.
[1] https://www.natlawreview.com/article/inflation-reduction-act-key-provisions-regarding-itc-and-ptc
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SOURCE SageGlass | https://www.mysuncoast.com/prnewswire/2022/08/17/inflation-reduction-act-adds-dynamic-glass-investment-tax-credit/ | 2022-08-17T19:50:14Z |
SUMMERVILLE, S.C., Aug. 18, 2022 /PRNewswire/ -- American Rheumatology Network, LLC ("ARN"), has announced the appointment of Sarah McClain as its Chief Operating Officer (COO) effective immediately.
Michael Cooper, chief executive officer, said Sarah's focus and drive to move forward with ARN's industry partnerships is tenacious, and her commitment to be an 'extension of the practice' is the underlying tenant to maximize understanding on how we better serve ARN members.
"Sarah is the triple threat," said Cooper. "She can account for the numbers, amalgamate the key drivers, and tell you the 'why;' she thinks strategically and is typically several steps ahead - compiling disparate independent variables and aligning potential outcomes. Most importantly, Sarah is relentlessly committed to our customers and members."
McClain joined American Rheumatology Network in 2021 and steps into the COO role from her position as Strategic Account Manager for ARN and Director, Strategy and Innovation for Articularis Healthcare Group, Inc. She brings nearly 10 years of experience in the healthcare industry. Prior to joining ARN, McClain worked at TSI Healthcare, CoverMyMeds and Cardinal Health with roles in specialty development, solutions engineering, project management, sourcing, and finance. Her functional experience includes account management, business development, technology implementations, and product launches. She holds an MBA in healthcare management from Middle Tennessee State University and a BA in accounting from Otterbein University.
"I am deeply honored to fulfill this role, and I am so excited by the potential ahead," McClain said. "I look forward to building upon the great foundation and growth established by the talented and dedicated ARN team. I am wholly committed to bringing value to our members and industry partners."
American Rheumatology Network (ARN) is a trusted industry partner and a national group purchasing organization dedicated to supporting independent, community-based rheumatology practices. Through its network, members have access to best business practices, innovative practice performance technology, and value-based treatment pathways.
Contact: Morgan Grubbs, marketing and business development manager, (843) 973-8780, or mgrubbs@arngpo.com.
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SOURCE American Rheumatology Network | https://www.wibw.com/prnewswire/2022/08/18/american-rheumatology-network-announces-sarah-mcclain-chief-operating-officer/ | 2022-08-18T18:42:18Z |
The Biden administration is continuing the Covid-19 public health emergency declaration beyond July 15, two administration officials told CNN, as coronavirus cases are rising again across the US.
The administration has repeatedly said it would give states 60 days' notice if it were ending the declaration, which would have been Monday. But the deadline passed without notification.
The declaration is now expected to be renewed for up to another 90 days.
Reported cases of Covid-19 have more than doubled over the past month in the US overall and they're technically trending up in all states, though three states are considered to be "steady."
The public health emergency declaration allows many Americans to obtain free Covid-19 testing, therapeutic treatment and vaccines. Once it ends, people could face out-of-pocket costs depending on whether they are covered by Medicare, Medicaid or private insurance. But vaccinations would generally continue to be free for those covered by Medicare and private insurance, while state Medicaid programs would determine whether to continue covering vaccinations for their enrollees.
Also, Medicare has relaxed the rules governing telehealth so that many more beneficiaries can access such services during the declaration. Telehealth services are no longer limited just to those living in rural areas, and enrollees can conduct visits at home, rather than having to travel to a health care facility, and they receive a wider array of services via telehealth. These flexibilities will end for most beneficiaries after the emergency expires.
And states are not involuntarily disenrolling residents from Medicaid during the declaration, in exchange for receiving more generous federal matching funds. As many as 14 million people could lose Medicaid coverage after the emergency ends, according to separate projections by Kaiser and the Urban Institute.
Plus, many low-income families are receiving enhanced food stamp benefits thanks to the declaration, though some states have ended their own public health emergencies and stopped the beefed-up allotments.
A separate emergency declaration allows for the emergency use authorization of testing, treatments and vaccines. Its end date will be determined by the secretary of the US Department of Health and Human Services.
The administration is continuing the public health emergency as it seeks new funding from Congress for treatments and vaccines. The Senate reached a tentative bipartisan deal in early April to provide an additional $10 billion in Covid-19 assistance, less than half of what the White House originally had requested. It would allow the Biden administration to purchase more vaccines and therapeutics, as well as maintain testing capacity and research. But it does not include $5 billion in funding for global Covid-19 aid, nor would it replenish the program that pays for testing, treating and vaccinating the uninsured.
However, the package has not moved forward amid divisions within Senate Democrats over whether to allow a vote on a contentious Trump-era pandemic restriction on the border.
On Tuesday, the administration announced that people can order a third round of free home Covid-19 tests from the federal government.
This story has been updated with additional reporting.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/covid-19-remains-a-public-health-emergency-in-us-administration-says/article_e2de7441-d86a-52fd-8300-ba67d12495de.html | 2022-05-17T20:39:56Z |
With $2.8M+ seed funding, including Fortune 500 Japanese Corporation, Asahi Kasei, JustLight is preparing for clinical trials ahead of FDA approval.
WASHINGTON, June 30, 2022 /PRNewswire/ -- JustLight, a public benefit corporation, announced today it's launching clinical trials for its medical device, Sunflower Rx™, which provides smart photobiomodulation (PBM) treatment for Alzheimer's disease. Photobiomodulation is the medicinal use of red or near-infrared light to heal, repair, and energize cells in our bodies — without negative side effects. Sunflower Rx™ uses specific wavelengths of near-infrared light to bypass the skull and be directly absorbed by the brain.
This revolutionary technology designed by JustLight, in partnership with Light Tree Ventures and Kaiyan Medical, aims to be the world's first FDA-cleared safe and effective Alzheimer's medical device.
"Our patent-pending technology automatically adjusts the LED Light output to replicate clinical parameters, delivering precise and effective photobiomodulation treatment in the comfort of one's home," said JustLight founder Peter Forhan. "We aim to solve the $321 billion Alzheimer's crisis and revolutionize our health care system through universal access to photobiomodulation."
Following a primary investment last year by Fortune 500 Japanese Corporation, Asahi Kasei, JustLight began pilot studies with senior home partner, Nexcare Health Systems, LLC, to better understand possible clinical outcomes of Sunflower use for patients living with Alzheimer's-based dementia. According to Dr. Janet Price, JustLight's Chief Scientific Officer, the pilot program with Nexcare assisted JustLight in identifying possible improvements to the device and routines to better fit customer needs.
"After six weeks of continuous Sunflower use, Nexcare participants reported positive experiences and showed improved or stable cognition scores based on standard clinical measures," Price said. "The majority of mild-moderate individuals experienced an improvement in standardized cognitive test scores in one month of daily use. Participants had improved mood, better communication with staff, and one individual stopped being a fall risk."
JustLight is also making strides with additional company products like Violet, its far UV-C hand-cleaning device which kills germs. A clinical study is underway at the University of Michigan, Ann Arbor.
"We have begun recruitment and subsequent clinical evaluation of Violet at the University of Michigan Hospital," Forhan said. "We expect the completion of this clinical study to be a major step towards earning FDA clearance for UV-C hand sanitation."
Visit http://www.justlight.com/ today learn more.
JustLight pbc Media Contact:
Jake Serwer / jake@espressopublicrelations.com or Press@justlight.com
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SOURCE JustLight pbc | https://www.mysuncoast.com/prnewswire/2022/06/30/justlight-pbc-developing-sunflower-rx-breakthrough-medical-device-treatment-alzheimers-disease/ | 2022-06-30T14:38:02Z |
BUDAPEST, Hungary, July 14, 2022 /PRNewswire/ -- Graphisoft, the leading Building Information Modeling (BIM) solutions provider for architecture, today unveiled its vision and strategic roadmap at the global online launch of its latest solutions and services, including Archicad 26, its award-winning flagship product, BIMx, BIMcloud, and DDScad.
Graphisoft was founded in Budapest in 1982 by Gábor Bojár and the late István Gábor Tari with an entrepreneurial spirit and a passion for delivering value through innovation. Graphisoft released its first commercial software in 1984 – and right from the beginning with coordinated 2D and 3D, Archicad has driven industry innovation ever since. Its "Virtual Building" approach pioneered the road to what would many years later be called Building Information Modeling, or simply, "BIM."
"As we mark Graphisoft's 40th anniversary, we pause with gratitude to reflect on how far we have come — now as a global leader in our industry and serving users in more than 120 countries with 29 localized versions and millions of buildings designed with Archicad," said Huw Roberts, CEO, Graphisoft. "But as proud as we are of our past, we are even more excited about our future. The entrepreneurial spirit that inspired our founders and fueled our growth continues to shape our approach in addressing the challenges and opportunities our customers face today. We remain focused on understanding our users, their needs and aspirations, and on delivering great products and services to help them achieve their best, and to create great architecture," he added.
Graphisoft believes in a world where buildings make people's lives better, and where these buildings are designed and delivered by digitalized multi-disciplinary teams working together easily and effectively.
To help realize the vision, Graphisoft's mission is 'Empowering teams to create great architecture.' The strategy to fulfil that mission is to deliver exceptional software, with integrated services, knowledge and know-how, benefits, and support — so that architects and multi-disciplinary design teams can maximize their design excellence.
Graphisoft's roadmap consists of multiple lanes — for architecture, multi-disciplinary design, design team collaboration, and productive ecosystems — each with plans for exciting new features, capabilities, and enhancements. Architecture remains focused on design, documentation, visualization, and collaboration. Upcoming focus areas and planned strategic milestones include:
- Delivering capabilities that help architects stay focused on their design, through better management of information that increases efficiency across projects.
- Providing innovative new capabilities that help manage and navigate an array of design options, through which architects can explore greater 'what if' scenarios within the design process.
- Navigating designs with even greater speed and performance and working on highly crafted details — regardless of the scope or complexity of the project.
- Expanding Archicad's already powerful information layer to further integrate analysis and simulation into the design process.
Multi-disciplinary design starts with OPEN BIM and moves forward with Integrated Design, expanded this year with Graphisoft's newly merged DDScad capabilities for Building Systems engineering. Upcoming focus areas and planned strategic milestones include:
- Further integrate BIM data systems amongst disciplines.
- Integrate data and workflows and broaden DDScad's geographic reach.
- Integrate user experiences across multi-disciplinary teams, with shared capabilities, aligned interfaces, and streamlined training and configuration.
- Fully integrated MEP experience with DDScad, with updated interfaces and many shared capabilities.
- Integrate enterprise-wide management of multi-disciplinary libraries, shared resources, templates, and standards.
Design Team Collaboration is centered around BIMcloud and BIMx, reaching out with OPEN BIM and BCF, and connecting to Common Data Environments (CDEs). Archicad users already have unmatched collaboration amongst themselves, and OPEN BIM and easy information exchanges makes working alongside virtually any application and with any other team seamless. Upcoming focus areas and planned strategic milestones include:
- Tighter integration across teams in multiple disciplines with new capabilities such as dynamic publishing of hyper-models, on-demand, cross-team, as a service — and extended connectivity with other CDEs.
- Focus on dynamic management of teams and their information, and responsive integration with CDEs.
- Support enterprise management of teams, multi-tiered and nested team structures, and orchestrating the administration processes across systems.
Finally, Graphisoft's services and benefits ensure and maximize the productivity of Graphisoft's users' ecosystems — with the Graphisoft Forward service and benefits program, access to know-how through Graphisoft Learn, and sharing knowledge and best practices with peer users and experts through Graphisoft Community. Upcoming focus areas and planned strategic milestones include:
- Simplify the administration of the design ecosystem — including enhancements to licensing and entitlement systems, product upgrade workflows, and expanded integration with third-party enhancements that extend Graphisoft's product capabilities.
- Deliver an 'instant' upgrade experience for customers — including templates, resources, configuration, and data formats.
- In alignment with the Design Team Collaboration roadmap, provide enterprise management of all aspects of the design ecosystem.
Graphisoft also noted that its unique Adaptive Hybrid Framework technology architecture will enable faster and more nimble high-quality delivery of new capabilities, features, products, and services spanning the desktop, cloud services, and mobile devices beginning with Archicad 26.
"In short, our strategy is to apply continuous innovation through an Adaptive Hybrid Framework, to flexibly deliver great capabilities in stable, easy-to-use, future-proof solutions for all design disciplines in integrated teams," said Zsolt Kerecsen, Vice President, Software Success at Graphisoft.
To learn more about Graphisoft, visit graphisoft.com
1982 — Graphisoft is founded in Budapest by Gabor Bojar and Istvan Gabor Tari with an entrepreneurial spirit, and a passion for delivering value through innovation.
1984 — Graphisoft releases its first commercial software – and right from the beginning with coordinated 2D and 3D, Archicad has driven industry innovation ever since. With the "Virtual Building" approach pioneering the road to what would later be called "BIM."
1997 — Graphisoft introduces "Teamwork," allowing multiple people to work on the same model simultaneously, and with "BIM Server" as its next generation in 2009, and then "BIMcloud" in 2014 and most recently with "BIMcloud Software as a Service" in 2022, this technology continues to provide an incredible high-performance scalable solution for integrating BIM teams.
2009 — Graphisoft releases what would be called "Virtual Building Explorer" for Archicad 13. Updated and renamed "BIMx" in 2011, this introduced Graphisoft's unique hyper-model approach, providing a highly engaging and interactive experience with BIM. Award-winning BIMx is now available on iOS and Android phones and tablets, the desktop, and even through a simple browser providing a Hyper-model experience for even the largest and most complex projects on virtually any device.
2020 — Graphisoft introduces "Integrated Design" — and first demonstrated this game-changing, shared-model, real-time collaboration approach for architects and structural engineers working together. This new technology-based workflow even more tightly integrates the work across multiple design disciplines. Today there are 16 different structural analysis software solutions using Integrated Design with Archicad around the world.
2022 — Graphisoft and Data Design System (now Graphisoft Building Systems) merge to add full Mechanical, Engineering, and Plumbing (MEP) capabilities to the Graphisoft ecosystem.
Graphisoft® empowers teams to design great buildings, through award-winning software solutions, learning programs, and professional services for the Architecture, Engineering, and Construction industries. Our award-winning products and solutions support OPEN BIM for workflow transparency, longevity, and data accessibility for built assets. Archicad®, the architects' BIM software of choice, offers a complete end-to-end design and documentation workflow for architectural and integrated architectural and engineering practices of any size. BIMx®, the most popular mobile and web BIM app, extends the BIM experience to include all stakeholders in the building design, delivery, and operations lifecycle. BIMcloud®, the AEC industry's first and most advanced cloud-based team collaboration solution, makes real-time collaboration possible across the globe regardless of the size of the project and the speed or quality of the team members' network connection. DDScad solutions support users with intelligent Mechanical, Electrical, Plumbing (MEP) design tools, integrated calculations, and comprehensive documentation of all building system disciplines. DDScad Architect & Construction is developed for architects, building contractors, and manufacturers of industrialized timber frame housing in Scandinavian markets. Graphisoft is part of the Nemetschek Group. To learn more, visit graphisoft.com.
Design and deliver projects of any size with Archicad's powerful built-in tools and user-friendly interface that make it the most efficient and intuitive BIM software on the market. Our award-winning software solution supports OPEN BIM for workflow transparency, longevity, and data accessibility for built assets. Featuring out-of-the-box design documentation, one-click publishing, photo-realistic rendering, and best-in-class analysis, Archicad lets you focus on what you do best: create great architecture. Discover what's new in Archicad.
Secure, real-time multi-disciplinary collaboration between all project team members regardless of the size or complexity of the project, the location of the offices, or the speed of the internet connection. Available in both private and public cloud configurations on standard hardware. With BIMcloud SaaS even smaller offices can take advantage of fast, efficient, and secure access to shared projects in real-time. Discover BIMcloud.
Award-winning BIMx bridges the gap between the design studio, the client's office, and the construction site. BIMx features the 'BIM Hyper-model' – a game-like navigation tool that helps anyone explore the building model and understand project deliverables. Real-time model cut-throughs, in-context measuring, and project markups in the model context make BIMx your best anywhere BIM companion. Discover BIMx.
DDScad solutions support users with intelligent Mechanical, Electrical, Plumbing (MEP) design tools, integrated calculations, and comprehensive documentation of all building systems. Design and deliver high-quality MEP projects on time and on budget thanks to DDScad BIM software for engineers and contractors. Our products and solutions support OPEN BIM for workflow transparency, longevity, and data accessibility for built assets. Discover DDScad.
Graphisoft Forward is a robust Software Services Agreement — our global response to the real-world demands of running a building design practice today. Maximize value and productivity while lowering the overall cost of software through exclusive tools, learning, support, and services. Product updates are included and guarantee that you'll benefit from the latest innovations and capabilities instantly.
Graphisoft Learn is an innovative, modern, and flexible learning program that helps users get the most out of our products and services through individual courses, learning paths, and learning bundles specific to industry roles and responsibilities. Graduates of our online self-paced, hybrid, and live Learn programs receive globally recognized certification, further strengthening their competitive edge in the AEC industry.
Graphisoft Community makes it fast and easy for Archicad, BIMcloud, BIMx, and DDScad users to share solutions and get expert help through a state-of-the-art, user-friendly experience that combines Archicad Talk and Help Center into one, easy-to-search resource. The platform offers fast, efficient support and search functions, and ensures quick feedback from peer users and Graphisoft experts.
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SOURCE Graphisoft | https://www.kxii.com/prnewswire/2022/07/14/graphisoft-celebrates-40-years-serving-aec-industry-unveils-its-vision-strategic-roadmap-support-customer-success-future/ | 2022-07-14T11:52:15Z |
HHHS remains at capacity, adoption fees reduced for all animals
TOPEKA, Kan. (WIBW) - Staff at Helping Hands Humane Society continue to deal with capacity issues and they need your help.
Between rabbits, dogs and cats, staff at the shelter said they are at full capacity - and now they need adopters, volunteers and donations.
HHHS said volunteers are critical to help walk dogs, clean kennels and more.
Staff said the main reasons they are seeing an uptick in furry friends at the shelter are financial hardships and moving.
Due to the capacity issues, until the end of August, dogs will have a reduced adoption fee of $25 while cats will have a fee of $10 and all adoption fees are waived for pocket pets.
Staff with HHHS said they are pleased with the help they have received so far.
“The community has been doing an excellent job of helping us by adopting animals, spreading the word, items - we need help with that,” said HHHS’s Emi Griess. “We’re hoping once the weather cools down the number of animals will slow down a little bit as well. But right now, the community support is much appreciated and we’re going to need it a little bit longer.”
Griess said HHHS has a food pantry that residents can take advantage of and on Friday, Sept. 2, the shelter will have its first vaccine clinic where booster vaccines for dogs and cats will be free.
To see a list of adoptable pets, click HERE.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/08/29/hhhs-remains-capacity-adoption-fees-reduced-all-animals/ | 2022-08-29T12:16:50Z |
Department of Transportation worker stabbed to death by ex-wife at worksite, authorities say
MURPHYSBORO, Ill. (KFVS/Gray News) - The ex-wife of an Illinois Department of Transportation worker is accused of stabbing him to death at a work zone, according to authorities.
Illinois officials said IDOT worker Edward Stallman was in an altercation with his ex-wife, 41-year-old Alexis Stallman, when she stabbed him, resulting in his death.
In a release, the Jackson County Sheriff’s Office said it had investigated what was first thought to be a crash death at a work zone in Murphysboro, Illinois, on July 20.
The officers reportedly determined Edward Stallman’s death was a murder later based on the injuries to the victim’s body.
Jackson County State’s Attorney Joseph Cervantez told KFVS both Alexis and Edward Stallman had reportedly been in a virtual family court hearing before the ex-husband’s death.
Cervantez said the evidence shows that Alexis Stallman drove out to the worksite, where she and her husband got into an altercation. He said there was some confusion in whether it happened in the vehicle or at the job site.
What’s not confusing, Cervantez says, is how Edward Stallman died. An autopsy revealed he’d been stabbed in the chest with some kind of blade.
The Jackson County Sheriff’s Office said Alexis Stallman has been charged with three counts of first degree murder and one count of aggravated domestic battery.
She is being held at the Jackson County Jail with bond set at $2 million.
Alexis Stallman is scheduled to make a first appearance before the court on July 22.
If convicted, she faces up to 60 years in prison.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/07/25/department-transportation-worker-stabbed-death-by-ex-wife-worksite-authorities-say/ | 2022-07-25T22:08:29Z |
Whether dad's spending the day at home or taking the family on an outdoor adventure, there's something for everyone
DENVER, June 17, 2022 /PRNewswire/ -- Former football star Tony Romo has partnered with the Beef. It's What's For Dinner. brand, funded by the Beef Checkoff, to bring you the ultimate Father's Day gameplan – a weekend full of delicious beef recipes. Classic Smoked Beef Brisket Romo's go-to dish. Cooking low and slow all day provides plenty of time for family and relaxation and his wife and three little boys all love it, too! Sliced or shredded this recipe is the perfect center piece to a traditional BBQ meal. Kids want burgers? No problem, Brisket is a great burger topper, too.
As a bonus you can transform leftovers into brisket tacos, a brisket BBQ pizza or even Smoked Beef Brisket Benedict the next morning to continue the celebration. This Tony-approved recipe is a staple for any memorable Father's Day gathering.
Instead of firing up the lawn mower early in the morning or finally getting to that home improvement project, get dad to kick back and relax by serving up these BBQ Beef Biscuit Sliders. This recipe pairs Tri-Tip Roast with barbecue sauce, slaw, and savory biscuits making it the ultimate breakfast, brunch, or lunch recipe to prepare dad for any activities the family has planned. If you don't have Tri-Tip, Brisket is another great option for this recipe.
If a weekend adventure is planned, a fishing trip to the lake or a this Foil Packet Beef and Vegetable Meal is an easy crowd pleaser after a day of activity. Using shredded beef or steak that you can prepare ahead of time along with beef sausage and your choice of vegetables, this no-hassle recipe is quick to get on the grill and requires almost no clean up.
For more recipes and inspiration for Father's Day, head to BeefItsWhatsForDinner.com.
The Beef Checkoff Program was established as part of the 1985 Farm Bill. The Checkoff assesses $1 per head on the sale of live domestic and imported cattle, in addition to a comparable assessment on imported beef and beef products. States may retain up to 50 cents on the dollar and forward the other 50 cents per head to the Cattlemen's Beef Promotion and Research Board, which administers the national checkoff program, subject to USDA approval.
The National Cattlemen's Beef Association (NCBA) is a contractor to the Beef Checkoff Program. The Beef Checkoff Program is administered by the Cattlemen's Beef Board, with oversight provided by the U.S. Department of Agriculture.
CONTACT: Hailey Thayn, hthayn@beef.org
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SOURCE National Cattlemen's Beef Association | https://www.kxii.com/prnewswire/2022/06/17/tony-romo-does-fathers-day-right-with-recipes-amp-tips-beef-its-whats-dinner/ | 2022-06-17T12:25:39Z |
Executives provide profound development and further evangelism to RightData's high-growth business.
ATLANTA, July 13, 2022 /PRNewswire/ -- RightData, the high-growth startup known for modern data integration and trusted data quality and observability, added two industry leaders to its executive team. These data veterans aim to provide excellence in software development and evangelize its thought-leading position for data infrastructure software. This reinforces RightData's commitment to the market and capitalizes on its recent Series A investment from Level Equity.
Siva Kolisetti joins as Vice President and Head of RightData's Digital Center based in Hyderabad, India. In this role, he will direct engineering in designing and executing state-of-the-art data lakehouse and data quality software initiatives. Siva has held key positions in technical leadership across areas such as healthcare, pharmaceuticals, and consulting.
"Siva's experience spearheading digital transformation, combined with his superior consulting background, makes him a perfect fit for what RightData needs today. We will depend on Siva to bring our development deeply into the modern data future," said Vasu Santtenapalli, RightData CEO.
Rama Ryali joins as Vice President of Customer Evangelism and Strategy, a vital role to ensure RightData stays in tune with the market and grows its position as a next generation thought leader for modern data. Throughout his career, dedicated to data management and implementation, Rama served as CTO and directed multi-million-dollar data management initiatives.
Santtenapalli stated, "Rama showed confidence in both RightData's company and software approach as a CTO of one of our key customers. We're delighted he's joined the executive team to bring focused messaging and strategy to the mix."
As the need for simple, easy, fast data infrastructure grows into a multi-billion-dollar space, RightData finds itself perfectly poised for more significant growth in the enterprise and mid-market with agile software for new data and machine learning approaches. RightData is unifying the value of trusted data on a no-code platform for data scientists and business users.
About RightData
RightData is a trusted total software company that empowers end-to-end capabilities for modern data, analytics, and machine learning needs using modern data lakehouse and data mesh frameworks. The combination of Dextrus software for data integration and the RDt for data quality and observability provides a comprehensive DataOps approach. With a commitment to no-code, RightData increases speed to market and provides significant cost savings to its customers. www.getrightdata.com
Media Contact:
Peter Cresse
peter.cresse@getrightdata.com
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SOURCE RightData | https://www.wibw.com/prnewswire/2022/07/13/rightdata-hires-industry-veterans-its-team/ | 2022-07-13T21:49:20Z |
NORTH KINGSTOWN, R.I., June 14, 2022 /PRNewswire/ -- Falvey Insurance Group is excited to introduce the next installment of its "Women at the Helm" speaker series celebrating leading women in the insurance industry. The complimentary event will include a panel discussion between:
- Dawnmarie Black, Northeast Regional Director and Head of US Broker Practice at Lloyd's
- Heather Schenker, Head of Specialty Insurance at Sentry
- Kristy Furrer, Senior Vice President, Client Success at Woodruff-Sawyer
- Anita Farmer, SVP, Practice Leader, NE Marine at Lockton Companies
- With pre-recorded comments from Lucy Clarke, President of Marsh Specialty and Global Placement at Marsh
Isabelle Therrien, Senior Vice President – Canada at Falvey, and prominent female in the insurance industry herself, will serve as moderator.
"Women at the Helm – Women In Insurance" will be hosted at the Newport Wyndham on Tuesday, July 26th between 9:00-10:30 AM with a short networking session prior to the panel discussion. To learn more and register for the event, please visit: falveyinsurancegroup.com/women-at-the-helm.
With all-female panelists and moderators, the goal of "Women at the Helm" is to spotlight female professionals facing various challenges and barriers, who have made notable contributions in and outside of their organization. All moderators are female employees of Falvey, while the panelists are invited guests. Each installment aligns with a day of observance of women.
The Women at the Helm events include:
- Women Leaders in Business in observance of International Women's Day
- Women Balancing Career & Family in observance of Mother's Day
- Women in Maritime (in partnership with the American Institute of Marine Underwriters) in observance of the first-ever International Day for Women in Maritime
- Women In Insurance in conjunction with Falvey's thought leadership event, The Falvey Forum
- Women Encouraging Diversity, Equity, and Inclusion in observance of The International Day of the Girl
The events are open to both men and women, and no admission is charged for the RI events to encourage attendance and bring awareness to these very important conversations.
Falvey has hosted three installments of Women at the Helm which have resulted in 300+ collective attendees including over 60 men. Of those surveyed, 100% would recommend to a friend or colleague.
Find more information about "Women at the Helm", here.
Falvey Insurance Group began as a single division, Falvey Cargo Underwriting, opening its first office in 1995 in Wakefield, RI by the company's founder: Mike Falvey. After 25 years, the company has evolved into Falvey Insurance Group, comprising four divisions: Falvey Cargo Underwriting, Falvey Shippers Insurance, Safe Harbor Pollution Insurance, and Falvey Insurance Services. "The Specialized Insurance Experts" are known for flexibility, World-Class customer service, claims processing excellence, and comprehensive knowledge and expertise that is unparalleled in the insurance industry. Falvey was also named Insurance Insider's MGA of the Year in 2020.
Media Contact:
Megan Bell
(401) 214-5600
mbell@falveyinsurancegroup.com
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SOURCE Falvey Insurance Group | https://www.kxii.com/prnewswire/2022/06/14/registration-open-women-insurance-event-newport-ri/ | 2022-06-14T15:54:27Z |
Strong earnings growth driven by higher revenues in key end markets and early benefits from the implementation of 80/20 actions
RACINE, Wis., May 25, 2022 /PRNewswire/ -- Modine Manufacturing Company (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today reported financial results for the quarter and fiscal year ended March 31, 2022.
Fourth Quarter Highlights:
- Net sales of $574.4 million increased 12 percent from the prior year
- Operating income of $20.6 million increased $34.9 million from the prior year operating loss
- Adjusted EBITDA of $56.7 million increased $14.5 million, or 34 percent, from the prior year
- Earnings per share of $0.16 compared to a loss per share of $0.29 in the prior year
- Adjusted earnings per share of $0.57 compared to $0.51 in the prior year
- Investor and Analyst Day planned for June 22, 2022 at the NYSE
Full Year Highlights:
- Net sales of $2.1 billion increased 13 percent from the prior year
- Operating income of $119.2 million increased $216.9 million from the prior year, primarily due to impairment charges related to the Automotive segment recorded in the prior year and the reversal of a portion of those charges in the current year
- Adjusted EBITDA of $158.8 million decreased $6.0 million from the prior year
- Earnings per share of $1.62 compared to a loss per share of $4.11 in the prior year
- Adjusted earnings per share of $1.23 compared to $1.14 in the prior year
"We generated strong growth in our Building HVAC ("BHVAC") and Commercial and Industrial Solutions ("CIS") segments this quarter, and are starting to see the early benefits of the 80/20 actions taken in fiscal 2022 to simplify our business and improve profitability," said Modine President and Chief Executive Officer, Neil D. Brinker. "We continue to work diligently to offset inflationary pressures, particularly the impact of higher material costs. We have focused on improving our commercial processes, including instituting multiple pricing adjustments throughout the year. This was particulary evident in our CIS segment, which benefited from early execution of 80/20 actions by our leadership team. Finally, we continue to focus on taking actions to improve margins, including moving forward with the restructuring plans announced last quarter to reprioritize resources and capital. Overall, we are pleased with a strong finish to our fiscal year and the realization of early benefits from our deliberate, strategic actions."
Financial Results
Net sales increased 12 percent in the fourth quarter to $574.4 million, compared with $514.9 million in the prior year. The increase was driven by market-related volume improvements and favorable pricing adjustments in response to raw material price increases in the CIS, BHVAC and Heavy Duty Equipment ("HDE") segments, but was partially offset by a $23.1 million sales decrease in the Automotive segment, which was impacted by the sale of the air-cooled business in the first quarter of fiscal 2022 and the ongoing semiconductor shortages.
Gross profit increased 14 percent in the fourth quarter to $95.2 million and gross margin improved by 30 basis points to 16.6 percent. These increases were primarily driven by the higher sales volume, partially offset by the ongoing impact of higher material prices, including underlying metal prices and related premiums, fabrication, freight and packaging costs, compared to the prior year.
Selling, general and administrative ("SG&A") expenses were $53.5 million in the fourth quarter, which was 10 percent lower than the prior year. This decrease was primarily driven by lower incentive compensation expenses and lower automotive exit strategy costs, as compared to the prior year.
Operating income in the fourth quarter was $20.6 million, compared to an operating loss of $14.3 million in the prior year. This improvement was driven primarily by the absence of $32.4 million of impairment charges recorded in the prior year, higher gross profit, and lower SG&A expenses. These favorable drivers were partially offset by higher restructuring expenses compared to the prior year. During the fourth quarter of fiscal 2022, the Company recorded $21.1 million of restructuring charges, primarily related to targeted headcount reductions. Excluding restructuring charges and certain other charges totaling $0.6 million, as well as depreciation and amortization expense, adjusted EBITDA of $56.7 million increased $14.5 million, or 34 percent, compared with $42.2 million in the prior year.
Earnings per share was $0.16 in the fourth quarter, compared with a loss per share of $0.29 in the fourth quarter last year. This improvement was primarily due to higher operating earnings, including the absence of significant impairment charges recorded in the prior year. Adjusted earnings per share was $0.57 in the fourth quarter, compared with adjusted earnings per share of $0.51 in the fourth quarter last year.
Fourth Quarter Segment Review
- BHVAC segment sales were $101.9 million, compared with $66.9 million one year ago, an increase of 52 percent. This increase was driven by higher sales to data center and commercial HVAC customers. The higher commercial HVAC sales were driven by higher sales of heating and school ventilation products. The segment reported gross margin of 27.9 percent, which was 310 basis points lower than the prior year, primarily due to higher inflationary costs, including freight charges, and unfavorable sales mix. The segment reported operating income of $15.6 million, a 63 percent increase from the prior year. Adjusted EBITDA for the BHVAC segment was $17.4 million, an increase of $6.4 million, or 58 percent, from the prior year.
- CIS segment sales were $171.3 million, compared with $142.8 million one year ago, an increase of 20 percent. This increase was driven by higher sales to commercial HVAC and refrigeration customers and favorable pricing adjustments in response to raw material price increases. The segment reported gross margin of 18.5 percent, up 490 basis points compared with the prior year, primarily due to the positive impact of increased sales volume, favorable sales mix, pricing, and operational efficiencies. The segment reported operating income of $18.6 million, a $12.8 million improvement from the prior year, primarily due to higher gross profit on increased sales. Adjusted EBITDA for the CIS segment was $24.1 million, an increase of $11.9 million, or 98 percent, from the prior year.
- HDE segment sales were $226.1 million, compared with $207.4 million one year ago, an increase of 9 percent. This increase was driven by higher sales to off-highway, bus and specialty vehicle customers, and includes a significant impact from material pass through price increases. The segment reported gross margin of 10.7 percent, down 250 basis points from the prior year. This decrease was primarily driven by higher material prices in excess of contractual pricing adjustments along with higher freight, packaging and surcharges. The segment reported operating income of $9.6 million, a $3.6 million decrease compared to the prior year. This decrease was primarily due to lower gross profit. Adjusted EBITDA for the HDE segment was $15.6 million, a decrease of $5.2 million from the prior year.
- Automotive segment sales were $89.3 million, compared with $112.4 million one year ago, a decrease of 21 percent. This decrease was primarily driven by the sale of the air-cooled automotive business earlier this fiscal year and, to a lesser extent, the impact of the ongoing semiconductor shortage on automotive production volumes. The segment reported gross margin of 12.8 percent, down 160 basis points compared with the prior year, primarily due to lower sales volume. The segment reported an operating loss of $18.2 million, an improvement of $12.0 million from the prior year. The operating loss in the current year was negatively impacted by $20.1 million of restructuring expenses, primarily related to targeted headcount reductions in Europe. The operating loss in the prior year was negatively impacted by $32.4 million of impairment charges, which were primarily related to the air-cooled automotive business that was sold earlier in fiscal 2022. Adjusted EBITDA for the Automotive segment was $3.6 million, compared with adjusted EBITDA of $5.9 million in the prior year.
Full-Year Fiscal 2022 Overview
In fiscal 2022, net sales increased 13 percent to $2,050.1 million. The increase was primarily driven by higher sales in the HDE, CIS, and BHVAC segments, partially offset by lower sales in the Automotive segment, which decreased 21 percent from the prior year. Automotive sales were lower due to the sale of the air-cooled automotive business early in the fiscal year and the impact of the ongoing semiconductor shortage on automotive production volumes. Gross margin decreased 110 basis points to 15.1 percent, primarily due to the significant increase in material prices, including underlying metal prices and related premiums, fabrication, freight and packaging costs, compared to the prior year.
The Company reported operating income of $119.2 million compared to a $97.7 million operating loss in the prior year. This $216.9 million improvement was driven primarily by $166.8 million of impairment charges recorded in the prior year and the partial reversal of those charges in the current year. During fiscal 2022, the Company recorded net impairment reversals totaling $55.7 million and recorded restructuring expenses, a loss on sale of the air-cooled automotive business, and certain other charges totaling $40.5 million. During fiscal 2021, impairment charges, restructuring expenses, and certain other charges totaled $193.9 million. Excluding these items and depreciation and amortization expense, adjusted EBITDA was $158.8 million in fiscal 2022 and $164.8 million in fiscal 2021. Earnings per share in fiscal 2022 was $1.62 compared with a loss per share of $4.11 in fiscal 2021, and adjusted earnings per share in fiscal 2022 was $1.23, compared with $1.14 in fiscal 2021.
Balance Sheet & Liquidity
Net cash provided by operating activities for the year ended March 31, 2022 was $11.5 million, a decrease of $138.3 million compared to the prior year. Free cash flow for the year ended March 31, 2022 was a use of $28.8 million, down $145.9 million from the prior year, primarily resulting from unfavorable net changes in working capital and higher capital expenditures as compared to the prior year. Higher inventory balances resulted from increased raw material prices and strategic safety stock builds in connection with supply chain challenges. In addition, free cash flow was unusually strong in the prior year due to the deferral of certain cash payments in an effort to conserve cash in response to the COVID-19 pandemic, including the purchase of certain program-related equipment and tooling. Cash payments for restructuring activities, automotive exit strategy costs, strategic reorganization costs, environmental costs and certain other items during fiscal 2022 totaled $19.7 million.
Total debt was $377.8 million as of March 31, 2022. Cash and cash equivalents at March 31, 2022 were $45.2 million. Net debt was $332.6 million as of March 31, 2022, an increase of $35.9 million from the end of fiscal 2021.
Outlook
"Although we currently expect our key markets to remain strong, we continue to monitor and assess the uncertainty created by inflationary risks, the lockdowns in China and the war in the Ukraine," said Brinker. "We are aggressively addressing these risks along with the ongoing volatility created by the supply chain challenges around the globe, and are working to strengthen our customer and supplier relationships. Similarly, we remain diligent in addressing inflationary pressures with further commercial actions as well as executing on our previously announced cost reduction initiatives. Our key focus remains on growth in our target verticals, while simultaneously taking actions to reduce complexity and improve margins where we see opportunities for efficiencies. This is an inflection point for Modine as we anticipate that the actions taken this year will unlock the inherent value in the underlying business and provide benefits in fiscal 2023 and beyond. We look forward to providing an overview of our strategies and expectations during our Investor and Analyst Day next month."
Based on current exchange rates and market outlook, Modine provides its outlook for fiscal 2023:
- Full fiscal year-over-year sales up 6 to 12 percent;
- Adjusted EBITDA of $180 million to $195 million.
Conference Call and Webcast
Modine will conduct a conference call and live webcast, with a slide presentation, on Thursday, May 26, 2022 at 8:00 a.m. Central Time (9:00 a.m. Eastern Time) to discuss its fourth quarter fiscal 2022 financial results. The webcast and accompanying slides will be available on the Investor Relations section of the Modine website at www.modine.com. Participants are encouraged to log on to the webcast and conference call about ten minutes prior to the start of the event. A replay of the audio and slides will be available on the Investor Relations section of the Modine website at www.modine.com on or after May 26, 2022. A call-in replay will be available through midnight on May 31, 2022 at 800-770-2030, (international replay 647-362-9199); Conference ID# 79220. The Company will post a transcript of the call on its website on or after May 31, 2022.
About Modine
Modine, with fiscal 2022 revenues of $2.1 billion, specializes in thermal management systems and components, bringing highly engineered heating and cooling components, original equipment products, and systems to diversified global markets. Modine is a global company headquartered in Racine, Wisconsin (USA), with operations in North America, South America, Europe and Asia. For more information about Modine, visit www.modine.com.
Forward-Looking Statements
This press release contains statements, including information about future financial performance and market conditions, accompanied by phrases such as "believes," "estimates," "expects," "plans," "anticipates," "intends," and other similar "forward-looking" statements, as defined in the Private Securities Litigation Reform Act of 1995. Modine's actual results, performance or achievements may differ materially from those expressed or implied in these statements because of certain risks and uncertainties, including, but not limited to those described under "Risk Factors" in Item 1A of Part I of the Company's Annual Report on Form 10-K for the year ended March 31, 2021 and under Forward-Looking Statements in Item 7 of Part II of that same report and in the Company's Quarterly Report on Form 10-Q for the quarters ended June 30, 2021, September 30, 2021 and December 31, 2021. Other risks and uncertainties include, but are not limited to, the following: the impact of the COVID-19 pandemic on the national and global economy, our business, suppliers, customers, and employees; the overall health and pricing focus of Modine's customers; our ability to successfully execute our strategic and operational plans, including applying 80/20 principles to our business; our ability to effectively and efficiently modify our cost structure in response to sales volume increases or decreases and complete restructuring activities and realize benefits thereon; our ability to comply with the financial covenants in our credit agreements and to fund our global liquidity requirements efficiently; operational inefficiencies as a result of program launches, unexpected volume increases or decreases, and product transfers; economic, social and political conditions, changes and challenges in the markets where Modine operates and competes, including foreign currency exchange rate fluctuations, inflation, tariffs and sanctions (and potential trade war impacts resulting from tariffs, sanctions or retaliatory actions), supply chain disruptions and supplier constraints, including semiconductor shortages and logistic and transportation challenges, changes in interest rates or tightening of the credit markets, recession, restrictions associated with importing and exporting and foreign ownership, public health crises, and the general uncertainties about the impact of regulatory and/or policy changes, including those related to tax and trade, the COVID-19 pandemic, the military conflict in Ukraine and other matters, that have been or may be implemented in the U.S. or abroad; the impact on Modine of any significant increases in commodity prices, particularly aluminum, copper, steel and stainless steel (nickel) and other purchased components and related costs, and our ability to adjust product pricing in response to any such increases; the nature of and Modine's significant exposure to the vehicular industry and the dependence of this industry on the health of the economy; Modine's ability to recruit and maintain talent in managerial, leadership, operational and administrative functions; Modine's ability to protect its proprietary information and intellectual property from theft or attack; the impact of any substantial disruption or material breach of our information technology systems; costs and other effects of environmental investigation, remediation or litigation; and other risks and uncertainties identified by the Company in public filings with the U.S. Securities and Exchange Commission. Forward-looking statements are as of the date of this release, and the Company does not assume any obligation to update any forward-looking statements.
Non-GAAP Financial Disclosures
Adjusted EBITDA, adjusted earnings per share, net debt, and free cash flow (which are defined below) as used in this press release are not measures that are defined in generally accepted accounting principles (GAAP). These non-GAAP measures are used by management as performance measures to evaluate the Company's overall financial performance and liquidity. The Company believes these measures provide a more consistent view of performance than the closest GAAP equivalent for management and investors. Management compensates for this by using these measures in combination with the GAAP measures. However, these measures are not, and should not be viewed, as substitutes for the applicable GAAP measures, and may be different from similarly-titled measures used by other companies.
Definition – Adjusted EBITDA
Net earnings excluding interest expense, the provision or benefit for income taxes, depreciation and amortization expenses, other income and expense, restructuring expenses, impairment charges, costs associated with the review of strategic alternatives for the Automotive segment's business operations, strategic reorganization costs, and certain other gains or charges. The Company believes that adjusted EBITDA provides a relevant measure of profitability and earnings power. The Company views this financial metric as being useful to assess operating performance from period to period by excluding certain items that it believes are not representative of its core business. Adjusted EBITDA, when calculated for the business segments, is defined as GAAP operating income excluding depreciation and amortization expenses, restructuring expenses, impairment charges or reversals, and certain other gains or charges.
Definition – Adjusted earnings per share
Diluted earnings per share plus restructuring expenses, impairment charges or reversals, costs associated with the review of strategic alternatives for the Automotive segment's business operations, strategic reorganization costs, and excluding changes in income tax valuation allowances and certain other gains or charges. Adjusted earnings per share is an overall performance measure, not including non-cash impairment charges, costs associated with restructuring activities and certain other gains or charges.
Definition – Net debt
The sum of debt due within one year and long-term debt, less cash and cash equivalents. This is an indicator of the Company's debt position after considering on-hand cash balances.
Definition – Free cash flow
Free cash flow represents net cash provided by operating activities less expenditures for property, plant and equipment. This measure presents cash generated from operations during the period that is available for strategic capital decisions.
Forward-looking non-GAAP financial measure
The Company's fiscal 2023 guidance includes adjusted EBITDA, as defined above, which is a non-GAAP financial measure. The full-year fiscal 2023 guidance for adjusted EBITDA is based upon the Company's estimates for interest expense of approximately $16 to $17 million, a provision for income taxes of approximately $24 to $28 million, and depreciation and amortization expense of approximately $58 to $62 million. Adjusted EBITDA also excludes certain cash and non-cash expenses or gains. These expenses and gains may be significant and include items such as restructuring expenses (including severance costs and plant consolidation and relocation expenses), impairment charges and certain other items. Estimates of these expenses and gains for fiscal 2023 are not available due to the low visibility and unpredictability of these items.
SOURCE: Modine Manufacturing Company
Kathleen Powers
(262) 636-1687
kathleen.t.powers@modine.com
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SOURCE Modine Manufacturing Company | https://www.mysuncoast.com/prnewswire/2022/05/25/modine-reports-fourth-quarter-fiscal-2022-results/ | 2022-05-25T22:06:20Z |
Consumers in Colorado will be the first to purchase Meati™ Chicken and Steak offerings in
retail at select Sprouts Farmers Markets and on-menu at all Birdcall locations
BOULDER, Colo., July 18, 2022 /PRNewswire/ -- Eat Meati™, the juicy, delicious alternative whole-food proteins made from mushroom root by Meati Foods, today hit retail shelves for the first time at three Sprouts Farmers Market locations in the Denver-Boulder area.
This entrance to retail comes alongside their expanded partnership with Birdcall, an all-natural fast-casual restaurant group. This marks a major step in Meati Foods' mission towards accessibility, with plans to achieve a national, omni-channel footprint by late-2023, including all Sprouts Farmers Market locations by the end of 2022.
"We're thrilled to have the support of such well-recognized, respected and purpose-driven partners like Sprouts Farmers Market and Birdcall as we bring our category-first whole-food cutlets and steaks to shelves and plates in our home state of Colorado," said Scott Tassani, President of Meati Foods. "Given the consistent record-breaking sellouts of our Meati products online, we're eager to pilot on-shelf with Sprouts with an eye toward rapid expansion in the coming months."
Meati Foods currently operates from its Pilot Ranch and this fall will expand production to its Mega Ranch, which has the capacity to produce more than 45 million pounds annually, significantly scaling production to accommodate national retail and foodservice demand.
"As a trusted grocer for those looking to discover new, better-for-you products and ingredients, we're excited to be the first to offer Meati on shelves at three of our Colorado locations, and soon enough nationwide," said Matt Pratta, Culinary Director of Sprouts Farmers Market. "We're impressed by Meati's ability to set new standards in an ever-crowded category and know that Sprouts customers are going to love the taste, nutrition and clean labels that their products offer."
Beginning today, consumers can purchase the Meati Classic Cutlet, Meati Crispy Cutlet and Meati Classic Steak at Sprouts Farmers Market's Boulder (#312), Denver (#334) and Wheat Ridge (#326) locations in the refrigerated and prepared meal sections. Meati is now available at all nine Birdcall locations in Colorado and Arizona as the official alt-protein-of-choice to sub in any sandwich or salad offering and as part of Meati's namesake sandwich menu item.
For those who aren't based in Colorado or Arizona, consumers can still purchase the Meati Classic Cutlet, Crispy Cutlet and Steak Filet online at Meati.com. For more information, connect with Meati on Instagram, Twitter, Facebook or at Meati.com.
Founded in 2017, Meati Foods is working to change the way we eat by democratizing access to delicious, nutrient-rich, complete protein in a way that protects and preserves our planet's water, land and air. Eat Meati™ is the debut product line from Meati Foods featuring whole-food cutlets and steaks made from mushroom root utilizing modernized yet ancient and natural processes in a toxicity-free environment with no heavy metals, pesticides or antibiotics. Eat Meati™ made its retail debut in July 2022 after multiple months of record sellouts on its direct-to-doorstep online shop, with plans for a national omni-channel footprint by late-2023. Meati's textures and flavors have won the enthusiastic support of some of food's biggest icons, including David Chang (chef and founder of Momofuku and Majordomo Media); John Foraker (Once Upon a Farm CEO and former Annie's Organic CEO); Nicolas Jammet and Jonathan Neman (co-founders of Sweetgreen); Sam Kass (former White House senior policy advisor for nutrition and partner at Acre Venture Partners).
Sprouts is the place where goodness grows. True to its farm-stand heritage, Sprouts offers a unique grocery experience featuring an open layout with fresh produce at the heart of the store. Sprouts inspires wellness naturally with a carefully curated assortment of better-for-you products paired with purpose-driven people. The healthy grocer continues to bring the latest in wholesome, innovative products made with lifestyle-friendly ingredients such as organic, plant-based and gluten-free. Headquartered in Phoenix, and one of the largest and fastest growing specialty retailers of fresh, natural and organic food in the United States, Sprouts employs approximately 31,000 team members and operates approximately 380 stores in 23 states nationwide. To learn more about Sprouts, and the good it brings communities, visit about.sprouts.com.
Colorado-based Birdcall opened its first location in Denver's historic Five Points neighborhood in 2016, offering a new kind of fast-casual dining experience that encompasses fresh and natural ingredients; superior hospitality and service; innovative art and design, and cutting-edge technology. Known for its 100-percent all-natural crispy chicken sandwiches and chef-inspired salads, Birdcall is changing the way people view fast-casual food, making high-quality meals approachable and affordable. The brand has quickly grown to nine locations in six years in addition to five locations planned for 2022, including Birdcall's first out-of-state locations in Arizona and Texas. For more information about Birdcall, visit eatbirdcall.com.
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SOURCE Meati Foods | https://www.kxii.com/prnewswire/2022/07/18/eat-meati-makes-retail-debut-select-sprouts-farmers-market-locations-with-plans-widespread-expansion-later-this-year/ | 2022-07-18T16:21:25Z |
BELTON — Keeping an eye on the cow was on many a rider’s mind Sunday at the Equine/Livestock Complex of the Bell County Expo Center in Belton.
Cary Sims, show secretary of the American Southwest Texas Cutting Association, said 135 riders competed Saturday and about 100 on Sunday. The association will return to Belton for another show in October and for the finals in November, she said.
Terry and Cat Jones of Coldspring were in the stands watching their sons, Dually, 18, and Morgan, 13, compete. Dually wound up with a second place in the youth division.
“Not too good,” Terry said of Morgan’s effort. “But he’s leading the junior youth in the American Cutting Horse Association.”
Cat chipped in that Dually won the world title in the senior youth division last year.
Terry has ridden cutting horses, and she might try it someday.
“We’re about the boys right now,” she said.
Terry rode for many years and was a three-time world champion, he said.
“It has to be a passion,” he said. “You have to really want to do it, because it takes a lot of saddle time.”
“Passion and drive,” she added.
The key is to keep your eye on the cow, Terry said.
“Because the horse is going to go where the cow goes.”
Young riders just starting out need to find a good trainer, he said.
“The reason for that is so they can be directed to find the right horse and have somebody there to give them pointers,” he said.
He recommended the sport for other people.
“I think this is the most athletic competition in horses,” he said. “A horse that’s trained in cutting that doesn’t make a great cutting horse can go on in any discipline … roping, barrel racing, team penning.”
It’s all about the bloodline, he said.
“It’s bred into these horses to be as good as they are,” he said. “The quarter horse is specifically bred for this competition, not to say other breeds can’t do it.”
Kayleigh Guynes, 14, of Liberty also was sitting in the stands. She said she competed on a gelding named Primichi. On Saturday she scored 71 and placed second in her division. On Sunday she scored 64 and didn’t place.
Between cutting horse shows in Belton and Brenham, she’s made eight or nine shows in her first year and is “doing OK.”
“I grew up in the city,” she said. “A family had us out to their ranch, and I’ve been riding ever since.”
That was three years ago. She discovered cutting through Terry and Cat Jones, she said.
“It’s very adrenaline,” she said. “I’m trying to compete for a buckle at the end of the year. This is my sport.”
The cutting horse world is very welcoming and inspiring, she said.
“Everybody here is helpful and wants you to succeed,” she said. “Even your competitors, they want you to be the best you can be.” | https://www.tdtnews.com/news/central_texas_news/article_0076f006-21d7-11ed-a2fb-1f6166553719.html | 2022-08-22T08:20:36Z |
Industry Veteran Joins DMI to Amplify Company's Growth Ambitions
BETHESDA, Md. , June 15, 2022 /PRNewswire/ -- DMI, a global digital transformation solutions company, announces the appointment of Trey Theimer to its executive leadership team as Chief Growth Officer. In this role, Ms. Theimer will be responsible for developing and implementing DMI's growth strategy and driving business development, sales, and marketing efforts, adding to the company's current growth trajectory as a recognized leader in digital enterprise services.
"Trey joins us at an exciting time in our journey as we continue to grow and accelerate the next-generation of DMI's market leadership across the public and private sector space," said Jay Sunny Bajaj, founder and CEO of DMI. "Trey is a results-oriented leader that brings a successful track record of creating and leading winning capture strategies with a commitment to providing superior client satisfaction. With this addition, we will be able to further maximize the impact of our growth investments and further expand the value we bring to our clients."
"Differentiating through digital technology requires having the right capabilities, culture, and infrastructure, and that is exactly why I am so enthusiastic about joining DMI," said Theimer. "Being part of a company that brings such a unique ability to provide next-gen technology innovation, human-centric design, and commercial best practices to their government clients, while also being able to deliver unmatched security, reliability and performance is an exciting place to be. I am thrilled to be joining this incredibly talented team during their next phase of growth."
Ms. Theimer brings over 25 years of experience in business development and operations across the commercial, federal civilian, defense, intelligence, international and state and local markets. She was previously the Chief Growth Officer at Serco, and has held leadership positions at Peraton, Accenture, Deloitte and General Dynamics (previously CSC). Trey is a graduate of Clemson University, holding a Bachelor of Science Degree from the College of Business and Behavioral Science. She is currently serving her final term on the Board of Directors for the Homeland Security and Defense Business Council.
For more information on DMI, visit www.dminc.com.
DMI, an OceanSound Partners company, is a global leader in digital strategy, design, transformation, and support. Consultants at the core, DMI brings a collaborative, human-centric approach combined with deep industry and technology expertise to help clients navigate their unique digital journey and shape what's next. Born digital, DMI has been delivering mission-critical, enterprise grade solutions since 2002 for more than a hundred Fortune 1,000 enterprises, various state and local government agencies and all fifteen U.S. federal departments. DMI has grown to 2,100+ employees globally and has been continually recognized by top industry analysts as market leader as well as a Top Workplace in the USA, The Washington Post and India. www.DMInc.com
Media Contact:
Lara Plathe
515-453-2042
lplathe@strategicamerica.com
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SOURCE DMI | https://www.kxii.com/prnewswire/2022/06/15/dmi-appoints-trey-theimer-chief-growth-officer/ | 2022-06-15T14:42:36Z |
WASHINGTON, Sept. 16, 2022 /PRNewswire/ -- Governor Kim Reynolds of Iowa has proclaimed October 2, 2022 "World Day for Farmed Animals" (WDFA) across The Hawkeye State. WDFA commemorates the more than 70 billion land animals raised for food every year; WDFA is celebrating its 39th year and is a globally-recognized program.
"Proclamations requests have been sent to all U.S. Governors and I'm particularly honored that Iowa has recognized World Day for Farmed Animals. My father was born in Rockwell City," said Eric C Lindstrom, Executive Director of Farm Animal Rights Movement. "I am quite familiar with the economics of agriculture in Iowa and knowing Governor Reynolds supports WDFA is very encouraging to our mission."
Educational events, demonstrations, and protests are held throughout the U.S. as well as other countries. This year, in-person events are planned in Iowa, Pennsylvania, Maryland, Massachusetts, New York, California, Oregon, Ohio, Florida, and Minnesota; in addition to numerous virtual events.
This year's observance is particularly meaningful since, in spite of 39 years of raising awareness through WDFA, and surveys that indicate 93% of consumers do not approve of the mistreatment of farmed animals, nearly all farmed animals are still raised in "factory farms," where they are caged, crowded, mutilated, manhandled, drugged, and denied their natural needs.
Furthermore, 80% of all our water is used for factory farming, in spite of widespread shortages and crippling droughts. Waste from factory farms continues to foul rivers and groundwater aquifers, worldwide, exacerbating the issue. The United Nations has declared animal farming a major contributor to global warming, and people everywhere are concerned by these developments.
On or around October 2nd, WDFA asks citizens to call public attention to these pressing issues, and to explore a wholesome, nonviolent plant-based diet. October 2nd is the birthday of Mahatma Gandhi, the world's foremost advocate of sustainable farming. The program also encourages a day-long fast against slaughter.
World Day for Farmed Animals is a program of Farm Animal Rights Movement (FARM), a Washington DC-based national nonprofit organization advocating for animal rights and veganism since 1976. For years, FARM was the only national animal rights organization fighting for farmed animals. For more information, visit farmusa.org or worlddayforfarmedanimals.org.
Contact: Eric Lindstrom, eric@farmusa.org
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SOURCE Farm Animal Rights Movement | https://www.wibw.com/prnewswire/2022/09/16/state-iowa-proclaims-world-day-farmed-animals/ | 2022-09-16T14:14:08Z |
NEW YORK, Aug. 5, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Molecular Partners AG (NASDAQ: MOLN).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/molecular-partners-ag-loss-submission-form/?id=30566&from=4
This lawsuit is on behalf of a class consisting of persons and entities that purchased or otherwise acquired: (a) Molecular Partners American Depositary Shares pursuant and/or traceable to certain documents issued in connection with the Company's initial public offering conducted on or about June 16, 2021; and/or (b) Molecular Partners securities between June 16, 2021, and April 26, 2022.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until September 12, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, Molecular Partners AG issued materially false and/or misleading statements and/or failed to disclose that: (i) the Company's product, ensovibep, was less effective at treating COVID-19 than defendants had led investors to believe; that (ii) accordingly, the the U.S. Food and Drug Administration ("FDA") was reasonably likely to require an additional Phase 3 study of ensovibep before granting the drug Emergency Use Authorization ("EUA"); (iii) waning global rates of COVID-19 significantly reduced the Company's chances of securing EUA for ensovibep; (iv) another of the Company's product candidates, MP0310, was less attractive to Molecular Partners' collaborator, Amgen, than defendants had led investors to believe; (v) accordingly, there was a significant likelihood that Amgen would return to global rights of MP0310 to Molecular Partners; (vi) as a result of all the foregoing, the clinical and commercial prospects of ensovibep and MP0310 were overstated; and (vii) as a result, documents issues in connection with the Company's initial public offer and defendants' public statements throughout the class period were materially false and/or misleading and failed to state information required to be stated therein.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law | https://www.wibw.com/prnewswire/2022/08/05/moln-shareholder-alert-jakubowitz-law-reminds-molecular-partners-shareholders-lead-plaintiff-deadline-september-12-2022/ | 2022-08-05T18:17:01Z |
CLEVELAND, May 31, 2022 /PRNewswire/ -- NASA invites the media to view full-scale egress testing of the Volatiles Investigating Polar Exploration Rover (VIPER) prototype and the structural test model of Astrobotic's Griffin lunar lander at 11 a.m. EDT on Thursday, June 2, at NASA's Glenn Research Center in Cleveland.
The lander egress testing uses the latest hardware prototypes from NASA and Astrobotic to verify VIPER's ability to exit the lander safely and effectively after touchdown. This testing is a critical step toward the rover's trip to the Moon's South Pole to map valuable resources for future Artemis missions.
Media interested in viewing the rover egress testing should contact Jimi Russell at james.j.russell@nasa.gov by 4 p.m. on Wednesday, June 1. All dates and times are subject to change.
Following egress testing, a VIPER prototype will remain at NASA Glenn for additional mobility and traction tests at the center's Simulated Lunar Operations Laboratory.
Later this year, construction of the mission rover will begin at NASA's Johnson Space Center in Houston, while the flight software and navigation system development will take place at NASA's Ames Research Center in California's Silicon Valley. Astrobotic will receive the complete rover with its scientific instruments in mid-2023 in preparation for launch as part of NASA's Commercial Lunar Payload Services initiative.
For more information on VIPER, visit:
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SOURCE NASA | https://www.mysuncoast.com/prnewswire/2022/05/31/media-invited-view-testing-nasas-water-hunting-moon-rover/ | 2022-05-31T19:41:36Z |
Column: Steven Alker cashing in on golf’s greatest mulligan
By DOUG FERGUSON
AP Golf Writer
If you didn’t know much about pro golfer Steven Alker before he turned 50, there’s a reason. Alker endured three decades of limited success. He played 556 tournaments across six tours and never made more than $261,901. That was on the Korn Ferry Tour. One year he missed the cut in all 21 tournaments he played. But the New Zealand native has found new life on the PGA Tour Champions. He got into his first event as a qualifier and then had six straight top-10 finishes to keep playing. Now he has three wins and almost as much prize money as the previous 20 years combined. | https://localnews8.com/sports/ap-national-sports/2022/05/03/column-steven-alker-cashing-in-on-golfs-greatest-mulligan/ | 2022-05-03T18:11:17Z |
Americans are going to church less, poll finds
(Gray News) - Americans’ church membership is at its lowest numbers in years.
According to a poll from Gallup, memberships to houses of worship continued to decline last year and dropped below 50% for the first time in Gallup’s eight-decade trend.
In 2020, 47% of Americans said they belonged to a church, synagogue or mosque, down from 50% in 2018 and 70% in 1999.
Researchers with Gallup said U.S. church membership was 73% when they first measured such numbers in 1937. Church membership remained near 70% for the next six decades, before beginning a steady decline around the turn of the 21st century.
Gallup reports the decline in church membership is primarily a function of the increasing number of Americans who express no religious preference.
Over the past two decades, the percentage of Americans who do not identify with any religion has grown from 8% in 1998-2000 to 13% in 2008-2010 and 21% over the past three years.
Gallup also reported it found declines in church membership when it comes to the younger generations but less of a drop among Republicans, as well as married adults and college graduates.
Church membership was found to be the highest among those groups, people who live in the South and Black adults.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/04/19/americans-are-going-church-less-poll-finds/ | 2022-04-21T17:24:46Z |
Panacea to offer banking and lending services to eligible MMS members
LITTLE ROCK, Ark., April 12, 2022 /PRNewswire/ -- Panacea Financial (Panacea), a division of Primis Financial Corp. that provides financial services for physicians, dentists, and veterinarians through all stages of their training and practice, has partnered with the Massachusetts Medical Society (MMS), the largest organization of physicians in Massachusetts, with over 25,000 members across all specialties and employment settings, to provide preferred physician-centric banking services to MMS members.
Tyler Stafford, CFA, CEO and Co-Founder of Panacea said, "We know that physician's lives are stressful. From paying for a move, to refinancing student loans, or even starting a practice, Panacea can help every step of the way. We are thrilled to partner with MMS to support their members with common-sense solutions catered just to physicians."
Panacea is a financial services company created for doctors, by doctors that provides tailored product offerings and service delivery designed specifically for physicians, dentists, and veterinarians throughout their career: from school, through training, and into practice. Panacea's products cover the full suite of banking needs for this unique population, including PRN personal loans, student loan refinancing, and practice loans.
"The MMS is excited to partner with Panacea Financial to make banking products and services available to our members," said MMS president, Carole Allen, MD, MBA, FAAP. "We believe Panacea's focus on the specific and evolving needs of physicians and medical practices represents a unique and important benefit to our members."
Panacea President and Co-Founder, Michael Jerkins, MD, added, "As a physician, I understand how hard it can be to handle the frustrations of dealing with banks that do not understand our community. That is why we give physicians options that make sense, and are available around their schedule. Massachusetts Medical Society is a strong advocate for physicians, and we couldn't be happier to support them in their efforts to solve issue affecting our community of physicians."
For more information, please visit www.panaceafinancial.com.
About Panacea Financial
Panacea Financial, a Division of Primis Financial Corp. (NASDAQ: FRST), is a nationwide financial services company offering products in all 50 states as well as Washington, D.C. and Puerto Rico. Panacea offers a full suite of banking solutions specifically built for physicians, by physicians. Follow Panacea Financial on Instagram, Facebook, Twitter, and LinkedIn
About the Massachusetts Medical Society
The Massachusetts Medical Society (MMS) is the statewide professional association for physicians and medical students, supporting 25,000 members. They are dedicated to educating and advocating for the physicians of Massachusetts and patients locally and nationally. A leadership voice in health care, the MMS contributes physician and patient perspectives to influence health-related legislation at the state and federal levels, works in support of public health, provides expert advice on physician practice management, and addresses issues of physician well-being. Under the auspices of the NEJM Group, the MMS extends their mission globally by advancing medical knowledge from research to patient care through the New England Journal of Medicine, NEJM Catalyst, and the NEJM Journal Watch family of specialty publications, and through their education products for health care professionals: NEJM Knowledge+, NEJM Resident 360, and our accredited and comprehensive continuing medical education programs.
Media Contact for Panacea Financial:
media@panaceafinancial.com
Media Contact for MMS:
Tom Flanagan
tflanagan@mms.org
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SOURCE Panacea Financial | https://www.mysuncoast.com/prnewswire/2022/04/12/panacea-financial-announces-partnership-with-massachusetts-medical-society-mms/ | 2022-04-12T11:39:25Z |
KYIV, Ukraine (AP) — Ukrainian and British officials warned Saturday that Russian forces are relying on weapons with the potential to cause mass casualties as they try to make headway in capturing eastern Ukraine and as fierce fighting depletes resources on both sides.
Russian bombers have likely been launching heavy 1960s-era anti-ship missiles in Ukraine, the U.K. Defense Ministry said. The Kh-22 missiles were primarily designed to destroy aircraft carriers using a nuclear warhead. When used in ground attacks with conventional warheads, they “are highly inaccurate and therefore can cause severe collateral damage and casualties,” the ministry said.
Both sides have expended large amounts of weaponry in what has become a grinding war of attrition for the eastern region of coal mines and factories known as the Donbas, placing huge strains on their resources and stockpiles.
Russia is likely using the 5.5-tonne (6.1-ton) anti-ship missiles because it is running short of more precise modern missiles, the British ministry said. It gave no details of where exactly such missiles are thought to have been deployed.
Ukraine’s deputy head of military intelligence, Vadym Skibitsky, told The Guardian newspaper that Ukraine was using 5,000 to 6,000 artillery rounds a day, and is now dependent on what the West gives it.
___
GOVERNOR: FLAMETHROWERS USED IN LUHANSK
A Ukrainian regional governor has accused Russia of using incendiary weapons in the village of Vrubivka in Ukraine’s eastern Luhansk province, southwest of the fiercely contested cities of Sievierodonetsk and Lysychansk.
While the use of flamethrowers on the battlefield is legal, Serhii Haidai, governor of Luhansk province, alleged the attacks overnight caused widespread damage to civilian facilities.
“Information about the number of victims in Vrubivka, in the Popasnyanska district, is being specified. At night, the enemy used a flamethrower rocket system – many houses burnt down,” Haidai wrote on Telegram on Saturday morning.
He also said that Russian forces continued their assault on Sievierodonetsk and were destroying critical industrial facilities, including railway depots, a brick factory and a glass factory in neighboring Lysychansk.
“(Russians are) destroying world-famous factories. Thousands of Sievierodonetsk residents dream of returning and crossing the first checkpoint at Azot (a chemical plant), but the enemy is destroying both the city itself and the chemical industry,” he said.
The accuracy of Haidai’s claims could not be immediately verified.
___
EUROPEAN UNION LEADER BACK IN KYIV
European Commission President Ursula von der Leyen visited Kyiv on Saturday to meet with President Volodymyr Zelenskyy.
Von der Leyen said she and Zelenksyy would “take stock of the joint work needed for reconstruction and of the progress made by Ukraine on its European path.”
The European Commission, the EU’s executive arm, is expected next week to deliver an opinion on Ukraine’s request to be granted EU candidate status, which would be a first step on the long path toward membership.
Von der Leyen is making her second visit to Ukraine since Russia invaded its neighbor. She was one of the first European leaders to go to Ukraine during the war.
___
RUSSIAN PASSPORTS FOR MELITOPOL RESIDENTS
Russian forces occupying the southern Ukrainian city of Melitopol began handing out Russian passports to local residents Saturday, according to Russian state TASS agency.
A Telegram post by TASS cited a Russian-installed local official as the original source of the information. It did not specify how many Melitopol residents had requested or received Russian citizenship.
Earlier on Saturday, the agency reported that more than 800,000 people in separatist-held territories in Ukraine’s industrial east had received Russian citizenship “through a simplified procedure” since April 2019.
Melitopol is located outside of the Donbas in the region of Zaporizhzhia, which is still held partly by Ukraine.
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DEATH TOLL FOR CHILDREN
Nearly 800 children have been killed or injured in Ukraine since the beginning of Russia’s invasion, Ukrainian authorities said Saturday.
According to a statement by the Office of the Prosecutor General of Ukraine, at least 287 children died as a result of military activity, while at least 492 more have been injured. The statement stressed the figures were not final and said they were based on investigations by juvenile prosecutors.
The officer said children in Ukraine’s Donetsk province, which together with Luhansk makes up the Donbas, suffered the most, with 217 reported killed or injured, compared with 132 and 116, respectively, in the Kharkiv and Kyiv regions.
___
RUSSIA PRESSES EASTERN OFFENSIVE
The Ukrainian army said Saturday that Russian forces were regrouping to launch an offensive on the Donetsk province city of Sloviansk.
Moscow-backed rebels have controlled self-proclaimed republics in both Donetsk and Luhansk since 2014, and Russia is trying to seize the territory still under Ukrainian control.
In its regular operational update, the General Staff of the Armed Forces of Ukraine said Russian soldiers managed to get a foothold overnight in the village of Bohorodychne, 24 kilometers (about 15 miles) northwest of Sloviansk, and were preparing to attack the city.
The Donetsk regional police said Russian missiles hit 13 towns and villages in the province overnight. In a statement, the police said that civilians had been killed and wounded, without specifying numbers. Donetsk and Luhansk make up the Donbas,
The Ukrainian army’s update said that the threat of missile and airstrikes on Ukraine from Belarus remains, noting that the Belarusian government extended military exercises along the Ukrainian-Belarusian border until June 18.
___
RUSSIAN SHELLING OF KHARKIV
Four civilians died and two were wounded as a result of Russian shelling of Ukraine’s northeastern Kharkiv region on Friday, regional emergency services said Saturday.
According to the Main Directorate of the State Emergency Service in the region, a Russian shell destroyed a private house in the town of Chkalovske, killing four people. Another two were injured in “massive shelling” of homes in Derhachi, on the outskirts of the regional capital, Kharkiv, it said.
The Kharkiv region, home to Ukraine’s second-largest city, is north of the Donbas.
___
Follow AP’s coverage of the Ukraine war at https://apnews.com/hub/russia-ukraine | https://cw33.com/news/international/ap-international/uk-military-russia-using-anti-ship-missiles-on-land-targets/ | 2022-06-11T11:22:40Z |
ALBANY — Statistics show that two of three Americans have endured at least one Adverse Childhood Experience (ACE) in their lives. In regions of high poverty, like southwest Georgia, the numbers are higher.
These experiences, such as physical, psychological and sexual abuse, neglect and dysfunction within the family, lead to toxic levels of stress that put individuals at greatest risk of health and social disorders throughout their lives.
Trauma Talks, the first of which is planned Friday at 11:30 a.m. at the Executive Center at 1216 Dawson Road, is a joint program sponsored by “Social Trauma Escape Artist” Victoria Phoenix and the Georgia Center for Child Advocacy and is an effort to help participants understand that “Trauma in childhood, should not ruin adulthood.”
“Trauma is common and tragic,” Phoenix said. “The grossly understated stats say that 67% of Americans, consistent with Georgia stats, have experienced at least one ACE or more, and we know that in high-poverty cities and regions like ours, the numbers are even higher, evident in high crime, drug abuse, violence, single-parent homes, etc.
“As a survivor of ACES and childhood trauma, as well as a victim of circumstances, I seek to be a part of the solution to a great problem. Blessed as a minister of teaching ... I have chosen to discuss a heavy, much-needed topic in a light atmosphere.”
Friday’s Trauma Talks event will feature lunch, the movie “Charlie and the Chocolate Factory” and a frank discussion about trauma. Lunch is being sponsored by Harvest Moon restaurant with dessert by Q’s Cakes.
The main focus of these events will be innovative ways of:
— Helping communities become more trauma-informed and trauma-responsive;
— Dealing with certain types of community trauma by bringing business owners of all ethnicities in to help sponsor the events.
Future events will include Aspire Mental Health, and such agencies as Boys and Girls Clubs, Parks and Recreation, Juvenile detention centers, churches, summer programs, etc. Future communitywide events will be open to the public, although the initial Trauma Talks events are for teens, young adults and adults who care for them in a professional and/or home environment.
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accounts, the history behind an article. | https://www.albanyherald.com/local/first-trauma-talks-event-planned-at-executive-center-in-albany/article_9b6fe1ec-fd44-11ec-b24e-53274e3b6ed9.html | 2022-07-08T16:11:06Z |
National home remodeler and top workplace supports employees' healthcare needs amid new and pending reproductive healthcare laws
CHESTER, Pa., May 17, 2022 /PRNewswire/ -- Power Home Remodeling (Power), the nation's largest, full-service exterior home remodeling company, announced a new policy today, which will provide employees with up to a $5,000-lifetime reimbursement for travel and lodging associated with gaining medical care not available within 100 miles of an employee's residence.
The rollout of the new policy is in response to recent changes in reproductive healthcare laws enacted in several states, which impacts hundreds of Power employees across the U.S. Starting immediately, the new benefit — available to employees and their dependents who are on Power's healthcare plan — will help employees across the country access critical medical resources including but not limited to abortion, organ transplants, cancer treatment, and rehabilitation. The lifetime reimbursement maximum per family may not exceed $10,000. Airfare, mileage/gasoline costs, tolls, hotel fees, meal expenses, childcare, and other applicable costs determined by Power will be covered under the new reimbursement policy.
The announcement was made to employees during a company-wide virtual meeting by Power's Chief People Officer, Hollie Delaney. Delaney joined Power in 2020, and most recently served as the Chief People Strategist at Zappos.
"At Power, we uphold ourselves to put our people-first, and that includes protecting the health and well-being of our employees and their families," said Delaney. "So providing this healthcare travel and lodging reimbursement for our employees was an easy decision to make. This is not about politics, it's about people. It's about the responsibility we have as business leaders to create a safe environment for our employees, support their needs, and safeguard their rights. And I say this not just as a business leader, but as a woman, a mother, and a human being that simply just cares about people and their right to self-determination."
During the company-wide call, Delaney and other human relation leaders also announced additional health-related benefits available to employees including a maternity management program, an increase in fertility coverage, and most notably, unlimited counseling sessions through their Personal Assistance Services plan — which is available to all employees on day one of employment whether covered under Power's healthcare provider or not. All of which are part of the company's continued efforts toward cultivating a supportive, inclusive and equitable workplace, and fighting for that same support, inclusion, and equity outside of company walls.
Recognized as one of Fortune's 100 Best Companies To Work For in 2021, Power Home Remodeling offers engaging, fulfilling career opportunities where employees thrive. To learn more about Power and view career opportunities available in its 17 territories nationwide, visit apply.workatpower.com/job.
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About Power Home Remodeling
Power Home Remodeling is a dream realization company — believing its purpose is to create positive change in everything the company touches — from customers' homes to employees' lives to the communities they live and work in. Power realizes this purpose by being people-first. Its employees and customers come before profit and their well-being factors into every business decision. Established in 1992, Power is the nation's largest, full-service, exterior home remodeler with more than 2,600 employees, over one million customers and $825 million in annual revenue. Headquartered in the Philadelphia region, Power's primary product line includes windows, siding, roofing, doors, solar roofing panels, and attic insulation, providing energy-saving solutions to residents across its operating territories, including: Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Indiana, Illinois, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington D.C. and Wisconsin.
Andrea Recine
Power Home Remodeling
Email: andrea.recine@powerhrg.com
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SOURCE Power Home Remodeling | https://www.wibw.com/prnewswire/2022/05/17/power-home-remodeling-announces-travel-lodging-reimbursement-part-newly-enhanced-employee-health-benefits-offerings/ | 2022-05-17T16:47:52Z |
SAN FRANCISCO, Sept. 1, 2022 /PRNewswire/ -- Hagens Berman urges Coupang, Inc. (NYSE: CPNG) investors who purchased shares pursuant to the company's March 2021 initial public offering and suffered significant losses to submit your losses now.
Relevant Period: Mar. 8, 2021 – Aug. 26, 2022
Lead Plaintiff Deadline: Oct. 25, 2022
Visit: www.hbsslaw.com/investor-fraud/CPNG
Contact An Attorney Now: CPNG@hbsslaw.com
844-916-0895
Coupang, Inc. (NYSE: CPNG) Securities Class Action:
The class action is brought on behalf investors in Coupang's March 2021 initial public offering ("IPO"), through which the company raised gross proceeds of $3.5 billion.
The complaint alleges Defendants failed to disclose in the IPO offering documents that: (a) Coupang was engaged in improper anti-competitive practices with its suppliers and other third parties in violation of applicable regulations; (b) Coupang had improperly adjusted search algorithms and manipulated product reviews on its marketplace platform to prioritize its own private-label branded products over those of other sellers and merchants, to the detriment of consumers, merchants, and suppliers; (c) unbeknownst to its Rocket WOW loyalty program members, Coupang was selling products to non-member customers at lower prices; and, (d) Coupang's historical revenues, competitive advantages, and growing market share were the result of systemic, improper, unethical, and/or illegal practices.
By July 14, 2022, after The Korea Times reported that Korea regulators were investigating Coupang for falsely advertising membership benefits of its Rocket WOW loyalty program, shares of Coupang closed at $14.25, or almost 60% below the IPO price.
"We're focused on investors' losses and proving Coupang's true source of growth was its anti-competitive conduct," said Reed Kathrein, the Hagens Berman partner leading the investigation.
If you invested in Coupang and have significant losses, or have knowledge that may assist the firm's investigation, click here to discuss your legal rights with Hagens Berman.
Whistleblowers: Persons with non-public information regarding Coupang should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email CPNG@hbsslaw.com.
About Hagens Berman
Hagens Berman is a global plaintiffs' rights complex litigation law firm focusing on corporate accountability through class-action law. The firm is home to a robust securities litigation practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and fraud. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Contact:
Reed Kathrein, 844-916-0895
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SOURCE Hagens Berman Sobol Shapiro LLP | https://www.kxii.com/prnewswire/2022/09/01/hagens-berman-national-trial-attorneys-encourages-coupang-cpng-investors-with-significant-losses-contact-firms-attorneys-ipo-related-securities-class-action-filed/ | 2022-09-01T14:08:15Z |
Neuro Rehab VR launched a program to certify physical therapists to treat patients with the XR Therapy virtual reality rehabilitation system. The certification is the first of its kind in the United States. The Continuing Education (CE) program is nationally recognized and allows physical therapists to offer cutting-edge, and certified treatment options in their practice.
FORT WORTH, Texas, June 9, 2022 /PRNewswire/ -- Neuro Rehab VR announced the launch of the XR Therapy Certification course last week. The certification program includes hardware and software training and qualifies for up to two continuing education credits. This certification is the first of its kind in the United States and the only VR system to carry State Board approved certification.
The course certifies physical therapists to use the XR Therapy System to treat patients recovering from strokes, spinal cord injuries, battling Alzheimer's, Parkinson's, or healing from sports injuries or falls.
Certified therapists use the XR Therapy System to keep patients engaged and increase treatment plan compliance rates. In a VR environment, patients engage with real-life, or game-like scenarios that challenge mobility, range of motion, reach, balance, and coordination without feeling like they are in a clinic. The system also provides real-time feedback so therapists and patients can see progress and make adjustments in a single session. As the XR Therapy System is FDA Registered medical device, the treatment is covered by most insurance plans and accessible to patients.
"As a PTA, I've seen the difference VR can make in a patient's treatment, outcomes, and mindset. Patients that never thought they would walk independently again, are now doing it. VR was able to break them away from those self-limiting beliefs and improve their life. As a PTA, I want to empower other clinicians to use VR during their patient care to see just how transformative it can be." -Christopher Vasquez, PTA
Veena Somareddy, Co-Founder and CEO, said: "We believe in providing our therapists with all the tools and education required to make them successful in using virtual reality as a game-changing therapy modality for their patients. We are proud to be the first to release the virtual reality therapy certification program to help physical therapists re-define the way they do rehabilitation."
St. Bernards, a medical center in Jonesboro, Arkansas became the first clinic to certify therapists. In May Director of Business Development, Andy Shatley said that Jason Edwards, a Physical Therapist, became the first therapist in the country to attain the certification.
Neuro Rehab VR is a female-founded virtual reality healthcare technology company based in Fort Worth, Texas. Their customers include Cedars Sinai, Veterans Affairs, Children's Dallas and hospitals, private clinics across the US. Neuro Rehab VR closed its seed round of venture capital funding in Q1 of 2022, with 80% of funding originating from Texas-based firms.
Media Contact:
Lori-Lee Elliot
Neuro Rehab VR
media@neurorehabvr.com
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SOURCE Neuro Rehab VR | https://www.wibw.com/prnewswire/2022/06/09/neuro-rehab-vr-releases-first-state-board-approved-virtual-reality-physical-therapist-certification-program/ | 2022-06-09T15:17:17Z |
Which pool tables are best?
The first pool tables were wooden and featured green cloth tops to simulate grass. Wood was the material of choice for pool tables until it was replaced by slate, which is more durable and doesn’t warp over time like wood does. The big benefit for players is that a slate top can be perfectly leveled.
Pool tables take up a lot of space, so if you are looking for a full-sized, slate-topped pool table that can also serve as a dining table, the Playcraft Monaco 8-Foot Slate Pool Table with Dining Top is a great choice.
What to know before you buy a pool table
Size
Pool tables range in size from 3 to 9 feet. That’s just the start, though, because you will need at least a few feet of open space around all four sides to be able to play without obstruction or interference.
Stability
Because players lean against the table as they play, the best pool tables need to be really steady. Look for pool table brands that are sturdily constructed and can bear the weight of adults leaning against it during play. If you are thinking of buying a folding pool table due to space considerations, do not expect it to be sturdy.
What to look for in a quality pool table
Playing surface
Pool balls roll around on a fabric surface, usually some type of felt blend. If you want your playing surface to last, look for a fabric that cleans easily and resists spills and stains.
The two types of felt found in today’s pool tables vary in quality, characteristics and price. The actions of the balls are affected differently by each type.
- Woolen felt: This is the standard covering found in most home pool tables. It is made of about 60% wool, feels like felt and is thick to the touch. This is the cheaper choice because the balls will not perform as they are designed to do. Napped billiard cloths are cheaper and are prone to pilling and fuzzing.
- Worsted felt: This is the playing surface all good pool players insist upon. Worsted cloth goes through a treatment process that ensures all fibers are of equal size, making the fabric completely smooth. This allows for faster ball speed, better spin and greater accuracy of the roll. It is found on all professional-grade tables and the best home pool tables.
Keep in mind that the thinner the felt, the more quickly it will wear out. One indicator of a fabric’s durability is the ounce weight per yard of fabric. Bigger numbers are better.
Bed material
Pool table beds are made of four types of materials. Each has its advantages and disadvantages, and their prices reflect their status as playing surfaces.
- Slate: Natural slate slabs are the finest surface there is for playing pool. They are solid, sturdy and machined smooth to exacting tolerances. Their weight means they need a heavy and sturdy frame that doesn’t budge when bumped against or leaned on. Slate is so heavy that it needs to be made in pieces that require perfect alignment during installation.
- Plywood: This is the cheapest top you can buy. You should avoid these because they will become unplayable very quickly and you will have wasted your money.
- Engineered wood: Unlike solid timber from trees, engineered woods are special types of building materials. Engineered woods mix wood fibers and pulp with adhesives and chemicals, subject this semi-liquid mixture to heat and press it into sheets that look like fiberboard.
- Synthetics: Those looking for pool table surfaces that are as true as slate tops and as light as engineered wood come closer all the time. For home pool tables, synthetics beat engineered wood hands down, but at a price.
How much you can expect to spend on a pool table
Tabletop pool tables cost less than $100. Small folding tables cost between $100-$300. Solidly built pool tables cost between $400-$1,000, depending upon the length and playing surface. High-quality pool tables in bigger sizes with slate tops cost thousands of dollars.
Pool table FAQ
How do I clean my pool tabletop?
A. Start by protecting it. Keep it covered when not in use. Do not allow anyone to eat or drink near the table. Sweep off dust and debris by brushing in one straight direction toward the nearest pocket.
How many types of engineered wood are there?
A. Some of the ones you may know are particleboard, pressboard and medium-density fiberboard (MDF). Pool tables with beds made of engineered wood have varying degrees of quality, so choose carefully.
What’s the best pool table to buy?
Top pool table
Playcraft Monaco 8-Foot Slate Pool Table with Dining Top
What you need to know: No room for a pool table? Try this slate top model that doubles as a sleek, contemporary silver and black dining table.
What you’ll love: The premium slate comes in three pieces that have been machined to thousandths of an inch. The leveling hardware allows for those final micro-adjustments that make the table perfectly level. The cloth surface comes in your choice of 25 colors.
What you should consider: Professional installation of this 850-pound pool table is not included but is highly recommended.
Where to buy: Sold by Amazon
Top pool table for the money
Hathaway Fairmont Portable 6-Foot Pool Table
What you need to know: This is an inexpensive pool table that folds down to a small size for easy storage.
What you’ll love: Every pool table arrives fully assembled and ready to play as soon as you adjust the integrated leg levelers. The steel legs are sturdy and lock securely. The blended polyester and wool felt top is glued to a ½-inch thick poly sealed medium density fiberboard playing surface. The balls, rack, chalk and cues come in a handy nylon carry bag.
What you should consider: A portable pool table will never approach the quality of a permanent one.
Where to buy: Sold by Amazon
Worth checking out
Hathaway Maverick 7-Foot Pool Table and Table Tennis Set
What you need to know: Get two games for the price of one with this versatile pool table with a table tennis topper.
What you’ll love: The table tennis top installs easily. The poly-sealed billiard surface features blended felt, molded resin drop pockets and reinforced K66 gum rubber cushions. This pool table assembles in six steps and comes with everything you need to play pool and switch over for a game of table tennis.
What you should consider: The table tennis surface is not as lively as some would prefer.
Where to buy: Sold by Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/sports-fitness-br/recreational-sports-br/the-best-pool-table/ | 2022-07-03T21:45:21Z |
CivilGrid footprint increases with high-profile collaborations after pre-seed funding
SAN FRANCISCO, July 20, 2022 /PRNewswire/ -- San Francisco-based startup CivilGrid is modernizing infrastructure planning with a data sharing platform unprecedented in scale and security. In the last 15 months, CivilGrid's $2.2M pre-seed fundraise propelled hiring, product development, and data acquisition initiatives, which have led to new collaborations with infrastructure owners across California.
Pacific Gas and Electric Company (PG&E), a combined gas and electric utility serving more than 16 million customers across Northern and Central California, is working with CivilGrid to share gas and electric asset locations with companies planning projects across PG&E's entire service area.
Underground data is critical, yet difficult to obtain in predictable formats or time frames. The US construction industry loses $30B each year due to utility line strikes, despite widespread use of locate and mark services. Project costs increase quickly when unexpected site conditions occur. Founder Josh Mackanic spent 14 years in the utility and construction industry navigating problems caused by gaps in built environment data. Recognizing an opportunity to improve safety and efficiency, he launched CivilGrid in 2020 as a reliable source of site intelligence for engineering and construction personnel.
CivilGrid offers a comprehensive map interface with utility locations, site hazards, geotechnical conditions, land rights, and permit constraints. The platform also identifies project conflicts or coordination opportunities by comparing work plans across infrastructure operators. Through CivilGrid, engineers, planners and project managers accelerate site evaluation, reduce dig-in risk, and optimize multiyear project portfolio plans.
CivilGrid users are planning and coordinating projects more efficiently, resulting in dramatic cost savings. One team at a telecommunications engineering services firm is reducing data acquisition and processing costs by 90% and reducing lead times from months to minutes.
San Jose Water, an investor-owned public water utility serving 1 million people in the greater San Jose area, now references CivilGrid during interagency coordination meetings to improve work sequencing in the public ROW. "It is immensely useful to have the GIS layers of multiple municipalities/utilities on a GIS map all at once," explains an engineer from San Jose Water. CEO and Founder Josh Mackanic adds, "CivilGrid is improving how infrastructure projects are developed, and these projects are the lifeblood of our local economies. These improvements benefit an entire ecosystem of stakeholders, from project engineers to local businesses."
During the next 12 months, CivilGrid is expanding coverage in California and is actively engaging in new development opportunities in more states.
For more information, visit civilgrid.com.
Contact: info@civilgrid.com
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SOURCE CivilGrid | https://www.wibw.com/prnewswire/2022/07/20/digital-infrastructure-mapping-initiative-builds-momentum-california/ | 2022-07-20T20:07:15Z |
The end-to-end content creation and production solution is now producing original content for consumer entertainment clients, including a docu-series following racing legend Jimmie Johnson and a documentary featuring famed celebrity photographer Miles "Diggzy" Diggs
NEW YORK, June 16, 2022 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform for transformative brands and media companies, today announced that Shutterstock Studios, the company's creative and production arm, is broadening its offering to include original documentary films and series.
"Since Shutterstock Studios' inception in November 2020, the team has rapidly established itself as a key player in the industry, and as a premier end-to-end creative content solution partnering with some of the world's biggest brands and companies like Amazon, ITV, BBC and Microsoft," said Jamie Elden, Chief Revenue Officer at Shutterstock. "This is an exciting time for our Studios division, as we expand our content production into longer form storytelling, aligning with industry trends and the demand we are seeing for this content worldwide. What's unique to Shutterstock Studios, is that our content is powered by one of the largest archival collections in the world, including exclusive access to the Condé Nast Collection, A+E Networks Archive, the LIFE Collection and more, enabling producers to create compelling content for all platforms and production mediums."
Led by Aiden Darné VP and Global Head of Shutterstock Studios - formerly a VICE Media executive - one of the first projects is a docuseries featuring Jimmie Johnson, the seven-time NASCAR champion and American professional racing driver. This docuseries was produced in partnership with Carvana, a Fortune 500 company that fosters an intuitive and convenient online car buying, selling, and financing experience.
The eight-part series, titled "Reinventing The Wheel," gives global viewers an all-access, behind-the-scenes look at Jimmie Johnson as he navigates his second INDYCAR season after an exceptional career in NASCAR racing.
"Racing fans know just how thrilling it is to watch a race live from the stands, and it was fantastic to bring that electrifying atmosphere to viewers worldwide," said Darné. "We are so excited that our first entry into the high-demand world of documentary storytelling is in partnership with Carvana. It's been amazing to capture the intimate moments of the career switch of Jimmie Johnson – one of the greatest race car drivers of all time."
"We continue to be inspired by Jimmie's commitment as he's forged this new path in his racing career," said Carvana Chief Brand Officer and Co-Founder Ryan Keeton. "Our team was excited to collaborate with such talented partners on the Reinventing the Wheel docuseries to bring such unique and exclusive access as Jimmie faces this exciting next chapter. Carvana has always stood for challenging the status quo and we see that same drive and passion in Jimmie."
To watch the entire docuseries, visit carvana.com/racing.
"Reinventing The Wheel'' is just one of several shows that Shutterstock Studios currently has in production. A second show, titled, "The Money Shot" follows celebrity photographer Miles Diggs, aka Diggzy – the man behind famous images like Rihanna's pregnancy photos. The feature-length documentary will provide an intimate look at the rise of fame and celebrity culture in America from Diggzy's unique point of view, as well as from the voices of those who know it best – the celebrities.
Both "Reinventing the Wheel" and "The Money Shot" will be hitting TV and streaming services soon. Shutterstock Studios has many other shows in various stages of development and production that will take viewers around the world through Shutterstock's unique lens, including an archival documentary titled "Behind The Lens," which chronicles Diana, Princess of Wales and other celebrities from the perspective of the photographers who knew them best, and the "History of Boy Bands" - a unique look into the 90s via the rise and fall of the world's biggest boy bands.
About Shutterstock Studios
For 20 years, Shutterstock has contributed to films, documentaries, and storytelling of all types with its vast stock library. Now through its Studios arm, Shutterstock is putting forward stories of its own, leveraging the unique expertise of its production and creative professionals, and archive of over 60 million assets across photo and video, covering royals, film, music, sports, wars, politics and celebrities.
Shutterstock Studios specializes in producing branded and commercial content plus documentary and nonfiction films. Studios has rapidly emerged as a best-in-class creative partner for brands globally using physical and virtual production to create evocative content. With the acquisition of TurboSquid, the world's largest 3D marketplace, Shutterstock Studios now offers Web3 services, and 2D and 3D animation.
About Shutterstock, Inc.
Shutterstock, Inc. (NYSE: SSTK) is one of the leading global creative platforms for transformative brands and media companies. Directly and through its group subsidiaries, Shutterstock's comprehensive collection includes high-quality, licensed photographs, vectors, illustrations, 3D models, videos, and music. With its growing community of over 2 million contributors, Shutterstock adds hundreds of thousands of images each week. Currently, it has more than 405 million images and more than 25 million video clips available.
Headquartered in New York City, Shutterstock has offices worldwide and customers in more than 150 countries. The Company also owns Splash News, the world's leading entertainment news agency for newsrooms and media companies worldwide, Pond5, the world's largest video marketplace; TurboSquid, the world's largest 3D content marketplace; PicMonkey, a leading online graphic design, and image editing platform; Offset, a high-end image collection; Shutterstock Studios, an end-to-end custom creative shop; PremiumBeat, a curated royalty-free music library; Shutterstock Editorial, a premier source of editorial images and videos for the world's media; Amper Music, an AI-driven music platform; and Bigstock, a value-oriented stock media offering.
For more information, please visit www.shutterstock.com and follow Shutterstock on Twitter and Facebook.
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SOURCE Shutterstock, Inc. | https://www.kxii.com/prnewswire/2022/06/16/shutterstock-studios-announces-its-expansion-into-long-short-form-documentary-filmmaking/ | 2022-06-16T18:10:30Z |
How major US stock indexes fared Friday
The Associated Press
Stocks slumped on Wall Street Friday, leaving the S&P 500 with its biggest one-day loss in almost seven weeks, as worries deepen about a surge in interest rates and the U.S. central bank’s efforts to fight inflation. The S&P 500 marked its third losing week in a row. Several disappointing profit reports from companies also shook what’s been the market’s main pillar of support. A day earlier the chair of the Federal Reserve indicated that the Fed is likely to move aggressively to contain inflation with bigger interest rate increases, starting with its next policy meeting in two weeks. | https://localnews8.com/news/ap-national-business/2022/04/22/how-major-us-stock-indexes-fared-friday-35/ | 2022-04-22T21:15:36Z |
GOTHENBURG, Sweden, Aug. 17, 2022 /PRNewswire/ --
PERIOD 1 APRIL – 30 JUNE 2022
- Net sales amounted to SEK 2,019.2 million, which was 36% (30% in local currencies) higher than last year (SEK 1,486.8 million).
- Operating result amounted to SEK 351.0 (241.3) million.
- Result for the period amounted to SEK 265.0 (187.7) million.
- Earnings per share amounted to SEK 3.99 (2.84).
- Cash flow from operating activities amounted to SEK 68.1 (185.3) million.
PERIOD 1 JANUARY – 30 JUNE 2022
- Net sales amounted to SEK 3,794.1 million, which was 38% (32% in local currencies) higher than last year (SEK 2,748.4 million).
- Operating result amounted to SEK 560.1 (341.5) million.
- Result for the period amounted to SEK 418.5 (255.4) million.
- Earnings per share amounted to SEK 6.31 (3.88).
- Cash flow from operating activities amounted to SEK 73.3 (552.5) million.
- Equity ratio amounted to 59.0 (58.9) %.
- Net debt to equity ratio amounted to 27.0 (31.2) %.
CEO COMMENTS
Another record quarter
It is with pride and joy that we can present another record quarter with strong growth both in terms of sales and results. Sales have now increased eight quarters in a row and we are showing an all-time high in both net sales and operating result for the sixth consecutive quarter.
Net sales in the quarter increased from SEK 1,486.8 million to SEK 2,019.2 million, a growth of SEK 532.4 million or 36%. In local currencies, growth amounted to 30%.
Operating result increased from SEK 241.3 million to SEK 351.0 million, an increase of SEK 109.7 million or 45%. As previously reported for the second quarter of 2021, we received deferred government PPP loans in the USA of SEK 42.5 million. If you exclude these from the prior year's results, it amounted to SEK 198.8 million, and the actual profit improvement is then SEK 152.5 million or 77%.
The operating margin amounted to 17.4% in the quarter, which is also an all-time high.
All markets showed growth except for the Other countries region, which is due to reduced trading in Asia. The USA and Central Europe stand out with growth of 62% and 52% respectively. The USA is once again our biggest market.
Both our sales channels had good growth with 33% in promo and 40% in retail.
The half year
The first two quarters of the year produced sales growth of 38%, in local currencies 32%. Net sales amounted to SEK 3,794.1 million compared to SEK 2,748.4 million the previous year, a growth of SEK 1,045.7 million. Operating result increased from SEK 341.5 million to SEK 560.1 million or by 64%. The operating margin was thus 14.8% in the first half of the year compared to 12.4% for the same period in the previous year.
Rolling 12 months
On a rolling full-year basis, net sales now amount to SEK 7,764.3 million with an operating result of SEK 1,224.5 million and an operating margin of 15.8%.
Cash flow and balance sheet
We have increased the inventory to address the increasing demand. Accounts receivable increased due to the sales growth and we have distributed 547 MSEK in dividends during the last seven months to the shareholders. Considering these items, our balance sheet remains very strong with an equity ratio of 59% and an equity balance of more than SEK 5 billion. This gives us great security and tremendous opportunities for expansion.
The future
Despite all the current challenges in the world around us, our numbers show that our investments continue to bring success. We currently do not see any reduced demand for our products and brands - rather the opposite. Our sales continue to increase. We have now managed to build up the inventory during the second quarter, however further stock build-up is needed to meet the increasing demand. We also know that we have good growth (42%) in Craft's base orders for the fall. More and more customers are starting to sell our shoes and the Teamwear investment continues to produce good results. I also want to highlight Clique, which is greatly increasing its promo sales, and Cutter & Buck, which has become a growth machine both in Europe and USA.
I am convinced that we are now taking market shares in most areas. If there is a downturn in the economy, we are well positioned to continue to take market shares and show growth. In addition, we have both higher profitability and a stronger balance sheet than most competitors, which opens the door for possible acquisitions at more reasonable prices. In recent years, we have had to refrain from acquisitions due to excessive price expectations.
Finally, a big thank you to our entire organization who have done a great job and a big thank you to all the customers who choose our products.
Torsten Jansson, CEO
FOR MORE INFORMATION, PLEASE CONTACT:
CEO and Group CEO
Torsten Jansson
Phone: +46 31–712 89 01
E-mail: torsten.jansson@nwg.se
Deputy CEO
Göran Härstedt
Phone: +46 (0) 70– 362 56 11
E-mail: goran.harstedt@nwg.se
CFO
Lars Jönsson
Phone: +46 31–712 89 12
E-mail: lars.jonsson@nwg.se
This information is information that New Wave Group AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication, through the agency of the contact persons detailed above, at 7.00 a.m. CET on August 17, 2022.
If you want to sign up for, or unregister from, future messages from New Wave Group, please send an email to info@nwg.se.
This information was brought to you by Cision http://news.cision.com
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SOURCE New Wave Group | https://www.wibw.com/prnewswire/2022/08/17/interim-report-second-quarter-2022-new-wave-group-ab/ | 2022-08-17T06:00:54Z |
Undecided voters could make for an unpredictable Ohio primary outcome
By Gabby Orr, CNN
Hoping to push himself over the edge with Republican voters in the final hours of the Ohio Senate GOP primary contest, J.D. Vance arrived at a town hall outside of Columbus on Monday with two populist icons who were familiar faces to many in the crowd: Sen. Josh Hawley and conservative commentator Charlie Kirk.
In the final days of his campaign, the “Hillbilly Elegy” author has pulled out all the stops, from traversing the state with high-profile surrogates, calling in favors from former President Donald Trump, and flooding the airwaves with his final campaign ads. But there were still plenty of undecided voters at his second stop of the day.
Some came with questions they were hoping to get answered. Still hung up on the insults Vance hurled at Trump and his supporters during the 2016 presidential cycle, they wanted to see for themselves if his new alliance with the former President seemed genuine — something Trump himself insisted on during a telephone rally later Monday evening.
Others arrived with truly open ears. Not yet sold on a candidate, they came to learn more about Trump’s man in the race and why he awarded his coveted endorsement last month to a political newcomer like Vance.
Among them was Janet Schirtzinger, who was planning to vote for Vance in Tuesday’s primary until she saw an ad over the weekend highlighting his ties to Silicon Valley. Vance launched venture capital firm Narya in 2020 with financial support from tech billionaire and Paypal cofounder Peter Thiel and former Google CEO Eric Schmidt.
“I saw some stuff yesterday that bothered me. I liked him before I heard that and I like Hawley and Charlie Kirk, so I don’t know. We’ll see if he takes questions,” said Schirtzinger, noting that she is also considering rival candidate and Ohio state senator Matt Dolan.
Dolan has stood out as the only Trump-friendly candidate in the race who didn’t actively seek the former President’s stamp of approval like Vance, former Ohio state treasurer Josh Mandel, businessman Mike Gibbons and former Ohio GOP chairwoman Jane Timken. The soft-spoken state senator insisted on Monday that his distance from Trump was neither deliberate nor reflective of how he views Trump.
“I didn’t pick a lane. I’m being myself,” he told reporters as he knocked on doors around Grove City on Monday afternoon, noting that he believes Trump “was a good Republican president.”
“We know there is momentum behind us because we feel it at the doors we’re knocking on today. We feel it on the phone. We feel it at our rallies that we’re having,” Dolan later told CNN.
Deliberate or not, his approach may be paying off in the final days of the Senate primary. A Fox poll released last week showed Dolan, who has contributed $10.6 million of his own fortune to his campaign, and Vance as the only Republican candidates who had gained significant ground in the race since March.
“You have a lot of candidates who are splitting the Trump vote and that seems to be paying dividends for Matt Dolan,” said Matt Dole, a GOP strategist based in Columbus who described the Ohio Senate primary as one of the most unpredictable contests he’s ever seen in his state.
“I can’t think of another primary at this level where it could still go so many different ways this late in the game,” he said. “It’s perplexing that we still haven’t seen voters coalesce behind one candidate yet.”
‘If Trump can forgive’
Speaking to a modest crowd at a golf club outside of Columbus during the lunch hour on Monday, Vance took every opportunity to remind his audience that he had received Trump’s support and was committed to the former President’s agenda. The conservative author focused heavily on two issues that were raised by several voters in the crowd as top-of-mind: stopping the flow of illicit drugs into the US and fixing the current immigration system.
“I like that he isn’t a politician and is a young man,” said Phyllis Drakulich, who was invited to the town hall by her grandson — a big Vance fan.
As he echoed Trump throughout his stump speech, Vance still found skeptics in the crowd. At one point, Vance was interrupted by longtime Republican voter Kristen Lewis, who asked why he had criticized Trump before changing his tune as a Senate candidate to support the 45th President.
Lewis told CNN she was offended and infuriated by Vance’s remarks, which have been amplified in TV ads by Vance’s opponents for months in Ohio. As a “Never Trumper,” Vance openly mused about supporting then-Democratic presidential nominee Hillary Clinton during the 2016 presidential election. He ultimately voted for independent candidate Evan McMullin.
“I wish he’d just tell the truth. I don’t know why he said that,” Lewis said as she left the lunchtime event. “I did not vote for Trump the first time around, but I guess if Trump can forgive what he said, for the betterment of America, I have to trust somebody.”
After the event, Vance told reporters that he regretted his past criticism of Trump, describing it as “a mistake because I was wrong.” Vance met with Trump repeatedly before earning his endorsement in late April and made similar comments at a rally with the former President in Delaware County last month.
“It’s okay to change your mind. In fact, you should change your mind when the facts change and I think that’s the truth about my view of President Trump,” he said Monday.
Trump, for his part, said in the telephone rally for Vance Monday, “He said some negative things about me, but he’s made up for it in spades.”
“I think I can say he’s 1000% with us. But everyone else has said negative things also. If I went by that, I’d never be able to endorse anybody,” the former President said.
Ultimately, Lewis said she planned to reluctantly support Vance after hearing from Hawley and Kirk, who took turns vouching for the candidate’s MAGA bona fides at his campaign stops on Monday. Hawley, the Republican senator from Missouri, said the fierce backlash to Vance’s campaign among the GOP establishment was a testament to his ability to disrupt the status quo.
For others, the hour-long event failed to sway them one way or another.
“He said people who voted for Trump did so for racist reasons. I hope he addresses that today,” said Kirk Allton of Columbus, who attended the afternoon town hall with his wife. Allton told CNN after the event that he was still on the fence and planned to do additional research before choosing a candidate on Tuesday.
The stakes are high
For Trump, Tuesday presents the biggest test yet of his strength as a Republican powerbroker. If Vance wins, the former President will begin a critical stretch of primaries with one victory under his belt and possible momentum behind some of the other candidates he’s endorsed.
If he loses, it could threaten Trump’s kingmaker status and cause voters in other states to potentially rethink who they will support in other contests this month.
For these reasons, the former President has invested heavily in helping to push Vance over the finish line, including taping robocalls and videos for the conservative author in addition to the last-minute tele-town hall Monday with thousands of Ohio voters, according to a person familiar with the matter.
This person said the former President is “feeling good” about Vance’s shot at winning the nomination.
“JD Vance has a little bit of an advantage being the author of a bestselling book about his background, which built his personality long before he got into this race,” said Dole, the GOP strategist, who believes the primary will ultimately be decided by how voters end up evaluating each candidate’s personality.
“We have self-funders running essentially across the board and that has changed the dynamic by moving this past a contest of name ID being the primary indicator of who is going to win to people wanting to get to know the candidates personally,” Dole said.
Whoever emerges as the winner on Tuesday is likely to face off in November against Democratic Rep. Tim Ryan in November, who Trump and others have privately and publicly described as a potentially tough competitor.
Asked on Monday if he believes the general election will be tough for the eventual Republican nominee, Dolan responded immediately.
“I do. I do,” he said.
This story has been updated with comments from former President Donald Trump.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
CNN’s Paul LeBlanc contributed to this report. | https://localnews8.com/politics/cnn-us-politics/2022/05/02/undecided-voters-could-make-for-an-unpredictable-ohio-primary-outcome/ | 2022-05-03T01:38:58Z |
The new RethinkCare™ platform offers live clinical coaching and the most comprehensive suite of evidenced-based tools available for working professionals and their families.
NEW YORK, July 7, 2022 /PRNewswire/ -- RethinkFirst™, the global leader in digital behavioral health solutions, announced today that it is launching RethinkCare™, the only evidence-based platform combining live coaching with on-demand videos, training, tips, and tools for employers seeking to improve the overall health and productivity of their parental workforce.
The new platform supports all parents and caregivers across their parental, personal, and professional needs with live-coaching sessions from Rethink's on-staff network of licensed clinicians and Board Certified Behavior Analysts (BCBAs). RethinkCare offers the world's largest library of on-demand, evidence-based content, comprised of over 9,000 video and audio sessions, expert tips, and resources.
"Employers around the globe are struggling to help their workforce manage the day-to-day stress of raising a family and finding work-life balance," said Daniel Etra, CEO, and co-founder of RethinkFirst. "In fact, recent studies have shown 80% of parents admit that caregiving affects their productivity at work and the financial impact for US businesses is estimated at $300 billion per year".
"The results from our initial employer solutions were incredible: 90% of parents raising children with disabilities reported a reduction in stress and 72% said that Rethink helped reduce their time spent away from work" explained Etra. "Today, with the launch of RethinkCare, we're expanding these services and our commitment to helping every parent and every child live a healthier, happier, and more productive life."
RethinkCare is already used by over 30% of the Fortune 100 and is the only platform that is purpose-built for enterprise employers. With three industry-leading solutions to support working professionals in all aspects of their lives, employees don't have to be a parent or caregiver to enjoy the benefits of the platform. Any employee can access support for their personal wellbeing and professional resilience via the same platform which translates to fewer point solutions for employees to use and fewer tools for admins to manage. The platform supports data-based decision-making at every level through an Admin Success Toolkit that allows employers to build, communicate and sustain company-wide programs in less than 30 minutes per month and provides HIPAA-compliant dashboards and analytics providing reports on usage, satisfaction, topic trends, ROI, and over 25 additional data points.
To learn more about RethinkFirst and RethinkCare, please visit rethinkfirst.com and rethinkcare.com respectively.
RethinkFirst is a global health technology company providing cloud-based treatment tools, training, and clinical support to employers, educators, and behavioral health professionals. Rethink's award-winning solutions serve thousands of clients globally, including nearly one-third of the Fortune 100 and many of the country's largest public-school systems and health plans. Each of Rethink's award-winning solutions incorporates evidenced-based protocols, workflow automation, and advanced data analytics to drive meaningful clinical outcomes and improved performance for customers and the communities that they serve.
RethinkCare is the leading clinical support and training platform for working parents, caregivers, and their families worldwide. Available in nine languages, RethinkCare is the only digital platform leveraging evidence-based, clinically validated approaches to support the ongoing parental, personal, and professional needs of employees. More than 550 enterprise organizations, including 30 Fortune 100 companies, rely on RethinkCare's global solutions.
For media inquiries please email press@rethinkfirst.com.
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SOURCE RethinkFirst | https://www.kxii.com/prnewswire/2022/07/07/rethinkfirst-launches-comprehensive-behavioral-health-platform-employers-support-working-parents/ | 2022-07-07T13:58:53Z |
PHILADELPHIA, April 11, 2022 /PRNewswire/ -- Rx-360 released the third episode of The Patient Safety Podcast, featuring Ron Piervincenzi, Ph.D., CEO of the United States Pharmacopeia (USP). Jim Fries, CEO of Rx-360, leads the conversation and covers Piervincenzi's time at USP, the company's 200-year history of developing standards, and the way those standards were put to the test during the Covid-19 pandemic.
Piervincenzi unpacked the evolution of quality control in the U.S. pharmaceutical industry from the 1800s to present day. Before USP was founded in 1820, the industry lacked a unified standard for quality control in pharmaceuticals. Since then, USP has established over seven thousand standards for the pharmaceutical industry.
"Over 200 years, USP's standards have evolved to ensure that the medicine that reaches the patient is the quality it's supposed to be. That's why there are over seven thousand standards to cover the drug supply and different stages of the supply chain. To me, the supply chain doesn't end until it's at the affected place in the body," said Piervincenzi.
The conversation also covered USP maintaining standards and best practices during the pandemic, including how USP's quality checks were tested in an environment that needed the same quality, but at exponential speeds.
"How did we keep up? We moved 10 to 50 times faster. We recreated processes but did not change any of our standards. Because our standards are the law, we had to be rigorous. So, when the pandemic comes in, we have to be able to turn around a standard over a 48-hour period," said Piervincenzi.
The podcast highlights how innovation forms under pressure, and how discovering new ways to foster innovation in the supply chain can help to keep patients safe.
Rx-360 is a non-profit international pharmaceutical supply chain consortium formed in 2009 to support an industry-wide commitment to ensuring patient safety by enhancing quality and authenticity throughout the supply chain. The organization's mission is to protect patient safety by sharing information and developing processes related to the integrity of the healthcare supply chain and the quality of its materials primarily through its working group and unique audit program. To learn more visit Rx-360.org or email jfries@rx-360.org
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SOURCE Rx-360 | https://www.mysuncoast.com/prnewswire/2022/04/11/rx-360-patient-safety-podcast-interview-with-usp-ceo-ron-piervincenzi-phd/ | 2022-04-11T19:21:34Z |
DocSnap better connects people with processes as part of its intelligent automation platform
BAAR, Switzerland, July 27, 2022 /PRNewswire/ -- TCG Process' latest product release, the DocSnap mobile app, addresses two key customer requirements: the need to react quickly to changing process requirements and the ability to connect remote workers with controlled, centralized processes.
DocSnap uniquely combines the ability to enable remote workers to capture documents and data directly from a mobile device with dynamic-yet-centralized app configuration. This provides IT, business analysts and compliance teams the necessary control and flexibility to keep processes up to date and simple. Organizations can easily stay in line with corporate policies around sensitive business or personal data often contained in app-submitted images.
TCG Process has a long and proven track record of automating mission-critical business processes for large scale organizations, working with household names in the finance, insurance, healthcare and public sector. Combining TCG Process' powerful process automation platform, DocProStar, with an app that provides flexible, white-labeled mobile document capture, further extends use case possibilities for its customers and partners by removing friction in collecting content.
"This app is a natural extension of our intelligent process automation solution, DocProStar. Extending our industry-leading capture capabilities even further, DocSnap includes inbuilt traceability and controls for mobile devices. This is key for the remote workplace trend organizations are experiencing worldwide," says Neil Walker, Head of Product at TCG Process.
"It was important to us and our customers to provide IT teams control beyond just use of the device camera, extending the benefits into data privacy and security with options like automated image deletion from the user device following capture. We are excited to put this app store release in the hands of our customers and partners around the world," he continues.
DocSnap is available to download from both the Apple App Store and Google Play Store today. To find out more about how to use it and what's possible when you connect people with processes, please visit www.tcgprocess.com.
TCG Process is an international organization solving business process automation (BPA) challenges with its DocProStar platform. Digitizing incoming content and automating complex processes across enterprises like banking, finance, insurance, healthcare, public administration and their business process outsourcers or shared services organizations has never been easier. TCG markets its solutions direct-to-customer, and via partners, on five continents.
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SOURCE TCG Process | https://www.wibw.com/prnewswire/2022/07/27/tcg-process-content-imaging-mobile-app-released-apple-google-app-stores/ | 2022-07-27T14:09:08Z |
DENVER, May 24, 2022 /PRNewswire/ -- To celebrate the start of the 2022 summer travel season, today Travel Lemming's team of writers released its picks for the 150 best things to do around the USA. The eclectic summer bucket list includes a floating taco bar in the U.S. Virgin Islands, a 1920s-themed lawn party in New York, a car-free island in Michigan, and the world's largest outdoor rodeo in Wyoming.
The top ten entries on Travel Lemming's list are:
- Lowell Observatory - Flagstaff, Arizona
- Million Dollar Highway - Ouray to Silverton, Colorado
- Fremont Solstice Parade - Seattle, Washington
- Taos, New Mexico
- Dry Tortugas National Park, Florida
- Five Points Jazz Festival - Denver, Colorado
- Biltmore Estate - Asheville, North Carolina
- Oregon's "Highway of Waterfalls"
- San Simeon, California
- Lime Out floating taco bar - Saint John, U.S. Virgin Islands
The full list of 150 things to do features interactive filters readers can use to create a
personalized USA bucket list tailored to their region and preferred types of activities.
Other notable entries include the Chicago Blues Festival (#11), New York City's Jazz Age Lawn Party (#13), Arizona's Route 66 (#15), Florida's overwater A1A highway (#32), Michigan's car-free Mackinac Island (#76), and the Cheyenne Frontier Days rodeo (#114).
Nate Hake, CEO of Travel Lemming, said: "This summer is shaping up to be pivotal for the tourism industry. With so much on the line for the future of travel, we decided to spotlight 150 unique things our team feels are especially worth your tourism dollars."
Topping the list is the historic Lowell Observatory in Flagstaff, Arizona, which the article calls "the perfect dark-sky setting from which to peer into other worlds."
Lowell Observatory Historian Kevin Schindler reacted: "Lowell Observatory is honored to be recognized as a bucket list destination in Travel Lemming's guide of best things to do in the United States in 2022. We take great pride in providing a fun, unique, and exciting experience for our guests, and love sharing the wonders of the universe through telescope viewing, tours of the night sky, science demonstrations, visits to our historic buildings, and presentations by our educators and astronomers."
"Travel Lemming is the leader in shining a spotlight on truly special destinations and experiences for the adventurous traveler, so Visit San Simeon is simply thrilled to be nominated," added Mike Dawson, media strategist for Visit San Simeon. The California town was listed in position number nine.
The inaugural summer bucket list was a collaborative effort by Travel Lemming's team of 24 writers and editors. It follows the publication's signature annual list of emerging destinations.
About Travel Lemming
TravelLemming.com is a free online travel guide with more than a half-million monthly readers. Its team of 24 local and expert travel writers are known for publishing practical and helpful guides that encourage travelers to go "off the lemming path."
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SOURCE Travel Lemming | https://www.wibw.com/prnewswire/2022/05/24/travel-lemming-reveals-150-top-things-do-usa-this-summer/ | 2022-05-24T16:13:31Z |
Senior Executive Brings Decades of Corporate Communications and Strategy Experience as Company Executes on Planned $2 Billion Fiber Optics Transformation
CHARLOTTE, N.C., Aug. 1, 2022 /PRNewswire/ -- Brightspeed today announced the expansion of its executive leadership team with the appointment of Amy Wulfestieg as Chief Communications Officer, effective immediately. Reporting to Chief Executive Officer Bob Mudge, Ms. Wulfestieg is responsible for leading the strategy, planning, and implementation of internal and external communications, change management, and engagement activities for the company.
Ms. Wulfestieg has an extensive record of achievement in building and sustaining a culture that aligns and connects stakeholders to business strategy through effective communications. She most recently served as Senior Director, Internal Communications at Nordstrom, where she was accountable for developing and implementing the retailer's internal communications strategy supporting 65,000 employees across the U.S. and Canada. Prior to Nordstrom, Ms. Wulfestieg served as Executive Vice President, Communications at Alight Solutions, where she led internal and external communications strategy, planning, and execution for all aspects of communication, including executive communications, client communications, reputation management, mergers and acquisitions, and employee engagement. Previously, she held several communications positions at Aon Hewitt/Hewitt Associates, most recently serving as Vice President, Communications.
"We are delighted to have a leader with Amy's perspective, deep experience, and results orientation join our Brightspeed team," said Mr. Mudge. "Our goal is to establish Brightspeed as a brand that makes best-in-class broadband a reality for communities across our footprint, with a customer experience known for simplicity, reliability, and choice. Amy will be an outstanding ambassador for our brand and our organization in fostering a high level of engagement with customers, employees, and external stakeholders alike."
"I am thrilled to join Brightspeed at such an exciting time for the new business," said Ms. Wulfestieg. "Brightspeed has such a vibrant culture, founded on a compelling and relatable purpose and vision, and there could not be a more relevant time to communicate the value we will bring to our customers. Access to high-quality internet is an essential enabler of community equity and growth. Brightspeed is pursuing a once in a generation opportunity, and it is a privilege to be part of the mission to help bridge the digital divide."
Brightspeed plans to invest at least $2 billion to build a network that will bring faster, more reliable internet and Wi-Fi to mainly rural communities throughout the Midwest, Southeast, and certain parts of Pennsylvania and New Jersey. The company's planned fiber optics transformation is expected to reach up to 3 million homes and businesses over the next five years, including in many places where fiber and advanced technology have not historically been deployed.
Brightspeed will initially be comprised of incumbent local exchange carrier (ILEC) assets and associated operations of Lumen Technologies (NYSE: LUMN), which are the subject of a pending acquisition by Apollo-managed funds (NYSE: APO). The company has secured all necessary state-required regulatory approvals in the 20 states in its operating footprint. The parties expect to obtain final FCC approval in the third quarter, and to close the transaction in early fourth quarter.
For more information about Brightspeed, visit the company's website, www.brightspeed.com.
About Brightspeed
Headquartered in Charlotte, N.C. and expected to have assets and associated operations in 20 states, Brightspeed will provide broadband and telecommunications services through a network platform capable of serving more than 6 million homes and businesses. The company aims to bridge the digital divide by deploying a state-of-the-art fiber network and a customer experience that makes staying connected simple and seamless. For more information about Brightspeed, visit the company's website, www.brightspeed.com.
Media
Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
pr@brightspeed.com
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SOURCE Brightspeed | https://www.kxii.com/prnewswire/2022/08/01/amy-wulfestieg-joins-brightspeed-chief-communications-officer/ | 2022-08-01T14:27:49Z |
LITTLE RIVER-ACADEMY — Services for Deborah Faye Phelps, 74, of Little River-Academy are pending with Hewett-Arney Funeral Home of Temple.
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POUGHKEEPSIE, N.Y., July 28, 2022 /PRNewswire/ -- Rhinebeck Bancorp, Inc. (the "Company") (NASDAQ: RBKB), the holding company of Rhinebeck Bank (the "Bank"), reported net income for the three months ended June 30, 2022 of $2.0 million ($0.19 per basic and $0.18 per diluted share), which was $536,000, or 20.9%, less than the comparable prior year period. Net income for the six months ended June 30, 2022 of $4.1 million ($0.38 per basic and $0.37 per diluted share), was $1.8 million, or 30.6%, less than the same period last year.
The decrease in net income was primarily due to an increase in the provision for loan losses of $1.5 million and $1.8 million for the three and six months ended June 30, 2022, respectively. The Company recorded a credit to the provision for both the three and six months ended June 30, 2021 as compared to an expense for the three and six months ended June 30, 2022. For both 2022 periods, an increase in net interest income was partially offset by a decrease in non-interest income and an increase in non-interest expense. The Company's return on average assets and return on average equity were 0.63% and 7.06%, respectively, for the second quarter of 2022 as compared to 0.86% and 8.54%, respectively, for the second quarter of 2021. The Company's return on average assets and return on average equity were 0.64% and 6.86%, respectively, for the first six months of 2022 as compared to 1.01% and 9.95%, respectively, for the first six months of 2021.
President and Chief Executive Officer Michael J. Quinn said, "Our assets continued to grow with loan balances increasing by $72 million, or 8.4%, in the first six months of the year. This, combined with rising rates, produced growth in net interest income (pre-provision) of $2.1 million, or 10.9%. This helped offset rising operating costs which reflected our expansion undertakings and the impacts of increasing inflation. Our continuing challenge will be to maintain or improve this level of growth while finding ways to manage the continuing impacts of inflation on our operations."
Income Statement Analysis
Net interest income increased $1.7 million, or 19.0%, to $10.9 million for the three months ended June 30, 2022, from $9.1 million for the three months ended June 30, 2021. Year to date net interest income increased $2.1 million, or 10.9%, to $21.0 million compared to $18.9 million for the prior year six-month period. Quarter over quarter the improvement was driven by higher interest-earning asset balances, higher loan and investment yields, and lower costs for deposits and borrowings. For the three months ended June 30, 2022, the average balances of interest-earning assets grew by $78.8 million to $1.20 billion and the average yields improved by 26 basis points to 3.92%, while the costs of deposits fell by 15 basis points to 0.42%. When comparing year to date periods, the average balance of interest-earning assets grew by $95.0 million while the average yields fell slightly by 6 basis points to 3.82%. The cost of interest-bearing liabilities which fell by 20 basis points to 0.42%.
The provision for loan losses increased by $1.5 million, from a credit to the provision of $1.1 million for the quarter ended June 30, 2021 to an expense of $346,000 for the current quarter. The provision for loan losses increased by $1.8 million, from a credit to the provision of $1.2 million for the six months ended June 30, 2021 to an expense of $567,000 for the six months ended June 30, 2022. The credit to the provision for the three and six months ended June 30, 2021 was primarily attributable to a decline in loan balances, exclusive of PPP loans, a reduction in specific allocations to the allowance for loan losses and a general improvement in the economic conditions as our customers showed signs of recovering from the pandemic. An increase in indirect loan balances in 2022 was the primary factor leading to the increase in the provision.
Recoveries outpaced charge-offs, resulting in net recoveries of $123,000 and $13,000 for the quarters ended June 30, 2022 and 2021, respectively. A net recovery for the six months ended June 30, 2022 totaled $43,000 compared to a net charge-off of $290,000 for the comparable period in 2021. The year-to-date net recoveries in 2022 were primarily due to a $143,000 recovery of a residential mortgage loan, pricing gains on the sales of repossessed vehicles as used car prices have risen significantly, and an improvement in the overall economic environment. There was a general overall improvement in loan quality during the first six months of 2022 as overdue account balances fell $75,000, we had net recoveries of $43,000, and non-performing assets decreased $2.1 million.
Non-interest income totaled $1.5 million for the three months ended June 30, 2022, a decrease of $353,000, or 19.0%, from the comparable period in the prior year, due primarily to a decrease in the net gain on sales of mortgage loans as activity decreased due to the increasing interest rate environment. Gain on sales of mortgage loans decreased $325,000, or 52.6%, compared to the prior year quarter as the Company sold $7.2 million of residential mortgage loans in the second quarter of 2022 as compared to $15.3 million in the second quarter of 2021. A net realized loss on the sale of securities of $162,000 in the second quarter of 2022 also contributed to the decrease in non-interest income. These decreases were partially offset by an increase in service charges on deposit accounts of $88,000, or 14.2%, as transaction volume increased.
For the six months ended June 30, 2022, total non-interest income decreased $883,000, or 21.6%. The reduction between periods was mostly due to the decrease in the gain on the sale of mortgage loans of $984,000 or 58.7%, the 2021 one-time gain from the collection of a life insurance claim of $195,000 and a net realized loss in 2022 from the sale of securities of $162,000, partially offset by an increase in service charges on deposit accounts of $185,000, an improvement in investment advisory income of $128,000, a $64,000 increase in the cash value of life insurance, and a net improvement of $83,000 in other income items.
For the second quarter of 2022, non-interest expense totaled $9.5 million, an increase of $609,000, or 6.9%, over the comparable 2021 period. The increase was primarily due to an increase in salaries and benefits of $522,000, or 10.5%, due to the addition of new positions, annual merit increases, production incentives and employee benefit increases, as well as the competitive pressures of the current job market. For the three months ended June 30, 2022, occupancy expenses increased $161,000, or 15.5%, primarily resulting from inflationary pressures on our service contracts. Marketing expense increased by $55,000, data processing costs increased $32,000 and FDIC insurance costs increased $24,000. These increases were partially offset by decreased professional fees of $49,000 and a decrease in other non-interest expenses of $129,000, or 8.4%.
For the six months ended June 30, 2022, non-interest expense totaled $18.6 million, an increase of $1.8 million, or 10.5%, over the comparable 2021 period. The increase was primarily due to an increase in salaries and benefits of $1.4 million, or 15.1%, due to branch expansion, new position openings, annual merit increases, production incentives and employee benefit increases, as well as the competitive pressures of the current job market. For the six months ended June 30, 2022, occupancy expenses increased $305,000, or 15.3%, as a result of the additional rent, depreciation and other expenses related to branch expansion. The addition of branches was also primarily responsible for increased data processing costs of $123,000, increased marketing expense of $84,000 and increased FDIC insurance costs of $35,000. These increases were partially offset by decreased professional fees of $63,000 and a decrease in other non-interest expenses of $178,000, or 6.2%.
Balance Sheet Analysis
Total assets increased $11.6 million, or 0.9%, to $1.29 billion at June 30, 2022 from $1.28 billion at December 31, 2021. Net loans increased $72.2 million, or 8.4%, primarily due to a large increase in our indirect automobile loan portfolio. Indirect automobile loans increased $52.5 million, or 13.7%, and commercial real estate increased $26.1 million, or 8.4%, while commercial and industrial loans decreased $12.9 million, or 12.3%. Available for sale securities decreased $34.7 million, or 12.4%, primarily due to paydowns, sales, calls and maturities of $42.9 million and an increase of $20.8 million in unrealized market losses, partially offset by $29.2 million in purchases. Cash and due from banks decreased $32.2 million, or 44.6%, primarily due to a decrease in deposits held at the Federal Reserve Bank of New York. Deferred tax assets increased $4.6 million mostly in relation to the increase in unrealized losses on securities.
Past due loans remained fairly stable between December 31, 2021 and June 30, 2022, finishing at $13.4 million, or 1.5% of total loans, down from $13.5 million, or 1.6% of total loans at year-end 2021. Our allowance for loan losses as a percentage of total gross loans was 0.88% at June 30, 2022 as compared to 0.89% at December 31, 2021.
Total liabilities increased $24.3 million, or 2.1%, to $1.18 billion at June 30, 2022 from $1.16 billion at December 31, 2021. The increase was due to an increase in deposits of $10.4 million, or 1.0%. Interest bearing deposits increased $20.9 million, or 2.7%, while non-interest bearing deposits decreased $10.5 million, or 3.3%. Increases in advances from the Federal Home Loan Bank of $5.8 million, mortgagors' escrow accounts of $3.5 million, and accrued expenses and other liabilities of $4.6 million also contributed to the increase in liabilities.
Stockholders' equity decreased $12.6 million, or 10.0%, to $113.3 million at June 30, 2022, primarily due to a $16.5 million increase in accumulated other comprehensive loss on available for sale securities related to current market conditions, partially offset by net income of $4.1 million. The Company's ratio of average equity to average assets was 9.37% for the six months ended June 30, 2022 and 10.02% for the year ended December 31, 2021.
About Rhinebeck Bancorp
Rhinebeck Bancorp, Inc. is a Maryland corporation organized as the mid-tier holding company of Rhinebeck Bank and is the majority-owned subsidiary of Rhinebeck Bancorp, MHC. The Bank is a New York chartered stock savings bank, which provides a full range of banking and financial services to consumer and commercial customers through its fifteen branches and two representative offices located in Dutchess, Ulster, Orange, and Albany counties in New York State. Financial services including comprehensive brokerage, investment advisory services, financial product sales and employee benefits are offered through Rhinebeck Asset Management, a division of the Bank.
Forward Looking Statements
This press release contains certain forward-looking statements about the Company and the Bank. Forward-looking statements include statements regarding anticipated future events or results and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believe", "expect", "anticipate", "estimate", "intend", "predict", "forecast", "improve", "continue", "will", "would", "should", "could", or "may". Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include increased competitive pressures, inflation, changes in the interest rate environment, general economic conditions or conditions within the securities markets, changes in asset quality, loan sale volumes, charge-offs and loan loss provisions, changes in demand for our products and services, legislative, accounting, tax and regulatory changes or a failure in or breach of our operational or security systems or infrastructure, including cyberattacks that could adversely affect the Company's financial condition and results of operations and the business in which the Company and the Bank are engaged.
Further, given its ongoing and dynamic nature, it is difficult to predict the continuing impact of the COVID-19 outbreak on our business. The extent of such impact will depend on future developments, which are highly uncertain, including when the coronavirus can be controlled and abated. As the result of the COVID-19 pandemic and the related adverse local and national economic consequences, we could be subject to any of the following risks, any of which could have a material, adverse effect on our business, financial condition, liquidity, and results of operations: the demand for our products and services may decline, making it difficult to grow assets and income; if the economy worsens, loan delinquencies, problem assets, and foreclosures may increase, resulting in increased charges and reduced income; collateral for loans, especially real estate, may decline in value, which could cause loan losses to increase; our allowance for loan losses may increase if borrowers experience financial difficulties, which will adversely affect our net income; the net worth and liquidity of loan guarantors may decline, impairing their ability to honor commitments to us; our wealth management revenues may decline with continuing market turmoil; our cyber security risks are increased as the result of an increase in the number of employees working remotely; and FDIC premiums may increase if the agency experiences additional resolution costs.
Accordingly, you should not place undue reliance on forward-looking statements. Rhinebeck Bancorp, Inc. undertakes no obligation to revise these forward-looking statements or to reflect events or circumstances after the date of this press release.
The Company's summary consolidated statements of income and financial condition and other selected financial data follow:
_____________________
(1) Performance ratios for the three and six months ended June 30, 2022 and 2021 are annualized.
(2) Represents net income divided by average total assets.
(3) Represents net income divided by average equity.
(4) Represents net interest income as a percent of average interest-earning assets.
(5) Represents non-interest expense divided by the sum of net interest income and non-interest income.
(6) Represents average equity divided by average total assets.
(7) Capital ratios are for Rhinebeck Bank only. Rhinebeck Bancorp, Inc. is not subject to the minimum consolidated capital requirements as a small bank holding company with assets less than $3.0 billion.
(8) Represents a non-GAAP financial measure, see table below for a reconciliation of the non-GAAP financial measures.
NON-GAAP FINANCIAL INFORMATION
This release contains financial information determined by methods other than in accordance with generally accepted accounting principles ("GAAP"). Such non-GAAP financial information includes the following measure: "tangible book value per common share." Management uses this non-GAAP measure because we believe that it may provide useful supplemental information for evaluating our operations and performance, as well as in managing and evaluating our business and in discussions about our operations and performance. Management believes this non-GAAP measure may also provide users of our financial information with a meaningful measure for assessing our financial results, as well as a comparison to financial results for prior periods. This non-GAAP measure should be viewed in addition to, and not as an alternative to or substitute for, measures determined in accordance with GAAP and are not necessarily comparable to other similarly titled measures used by other companies. To the extent applicable, reconciliations of these non-GAAP measures to the most directly comparable measures as reported in accordance with GAAP are included below.
Contact: Michael J. Quinn, President and Chief Executive Officer, Telephone: (845) 790-1501
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SOURCE Rhinebeck Bancorp, Inc. | https://www.wibw.com/prnewswire/2022/07/28/rhinebeck-bancorp-inc-reports-results-three-six-months-ended-june-30-2022/ | 2022-07-28T22:10:38Z |
SAN JOSE, Calif., Aug. 31, 2022 /PRNewswire/ -- Netenrich, a leading security and operations analytics company, today announced the availability of its Resolution Intelligence Cloud™ on the Google Cloud Marketplace. Google customers can now purchase Netenrich's operational analytics platform to increase scale and efficiency across their digital operations.
Resolution Intelligence Cloud is a data analytics SaaS platform for managing secure operations. The platform takes a risk-based approach to prioritize critical situations aligned to high-value business assets. It combines real-time analytics, artificial intelligence, and machine learning to provide situational awareness with intelligence to accurately predict, detect, score, and prioritize critical issues.
"Resolution Intelligence Cloud aligns with the demands organizations have to optimize their security operations as they tackle massive amounts of data and overwhelming complexities," said Raju Chekuri, Chairman and CEO of Netenrich. "With our data analytics platform, organizations can scale operations to manage cybersecurity risks and minimize disruptions while accelerating detection, investigations, and response."
The open platform integrates with Google Chronicle, Siemplify, and other third-party technologies (like ServiceNow, Jira, OpsRamp) to correlate and analyze potential incidents. Using Google's BigQuery and native search, the platform intuitively processes advanced analytics and management.
For large enterprises and managed service providers (MSPs, MSSPs, GSIs), the platform uniquely solves the immediate challenges of upleveling cybersecurity services. With Netenrich, they can scale operations for their customers by:
- Streamlining threat analytics for service providers.
- Managing multiple Chronicle tenants with multi-level multitenancy which gives analysts the ability to manage and apply rules to one, some, or all tenants in one place for increased control and efficiency.
- Offering optional service packs including implementation, threat hunting and more.
"We're excited to help marketplace customers strengthen their security and digital operations while achieving performance goals and growing their business," said Justin Crotty, Senior Vice President of Channels at Netenrich. "Security organizations will gain rich insights, information, and decision support to respond faster and more effectively."
Netenrich invites security leaders to watch a recent webinar focused on how data analytics and automation drives operations excellence. Hear from experts at Netenrich and Google Chronicle as they demonstrate how the combined Netenrich platform with Chronicle works together.
- Resolution Intelligence Cloud on Google Cloud Marketplace available here
- Resolution Intelligence Cloud and Chronicle overview
- Resolution Intelligence Cloud data sheet
Netenrich boosts the effectiveness of organizations' security and digital operations so they can avoid disruption and preempt risk. Its Resolution Intelligence Cloud™ is a native SaaS data analytics platform for managing secure operations. Resolution Intelligence uses advanced analytics and machine learning to transform security and operations data into intelligence that organizations can act on before critical issues occur. More than 3,000 customers and managed services providers rely on Netenrich to deliver secure operations at scale and speed.
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SOURCE Netenrich | https://www.wibw.com/prnewswire/2022/08/31/netenrich-resolution-intelligence-cloud-available-google-cloud-marketplace/ | 2022-08-31T16:28:41Z |
CDC launches new forecasting center for infectious diseases
(AP) – A new U.S. government center aims to become the National Weather Service for infectious diseases — an early warning system to help guide the response to COVID-19 and future pandemics.
The new Center for Forecasting and Outbreak Analytics launched Tuesday. Its leaders say predicting the course of the COVID-19 pandemic in the U.S. has been hampered by data-collection problems.
In contrast, the United Kingdom uses regular population sampling with swab tests and blood draws to get a clearer picture of who’s been infected, said Marc Lipsitch, the new center’s science director. He said similar sampling should be considered in the U.S.
And the Centers for Disease Control and Prevention needs to have better access to data from state governments and hospitals, said Caitlin Rivers, the center’s associate director.
The CDC has been granted temporary authority for COVID-19 data collection, but the agency broadly relies on voluntary reporting and complex data agreements with states, Rivers said.
The center is housed at the CDC. Its initial $200 million in funding came from the 2021 coronavirus relief package. The center has awarded $21 million to academic institutions to develop modeling and forecasting methods.
___
The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education. The AP is solely responsible for all content.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/04/19/cdc-launches-new-forecasting-center-infectious-diseases/ | 2022-04-20T21:41:46Z |
Shuman's Dental Industry Experience and Leadership Roles Will Inform Decisions That Support Dentists and DSOs, Shareholders, and Membersy Employees
AUSTIN, Texas, June 7, 2022 /PRNewswire/ -- Membersy, the digital health company expanding access to quality dental care through subscription-based dentistry, today announces Michael Shuman's promotion to Chief Executive Officer (CEO).
Shuman will assume the day-to-day leadership of the company as it continues expanding access to quality and affordable dental care for all patients through its subscription-based membership software and strategic partnerships with DSOs and dental practices nationwide.
Before being named CEO, Michael was Membersy's Chief Revenue Officer where he was responsible for the company's business development and sales operations, including the development of partnerships and revenue growth opportunities. His most recent efforts led the company to a $66 million investment from Spectrum Equity in 2021.
Shuman brings more than a decade of experience within the dental space to his role as CEO. At the same time, his six years of leadership at Membersy guided the company's sales and customer services operations that saw the company scale immensely, including partnerships with 4,500+ practices nationwide.
"It's an incredible honor for me to step into the position of CEO and to better serve our employees and the company we have built together thus far," said Shuman. "We have an incredible team here at Membersy and the hard work everyone puts in continues to inspire me, day in and day out."
Shuman's ascension corresponds with the company's efforts to rapidly expand its teams, products, and services in response to its fast-growing DSO partner base. Moving forward, Shuman's leadership will guide Membersy as it expands its product lineup, including healthcare subscription plans, while continuing to enhance its offerings in the dental space.
"As I look ahead at the software we've built and the services we offer at Membersy, to the new products we're developing and the visible impact we're having on the dental space, I could not be more excited for us as a company," Shuman notes. "The decisions we make will be based on what's best for our dentists and DSOs, our shareholders, and my colleagues, all backed by our mission to improve access to affordable dental care."
Membersy, a SaaS company and leading membership plan administrator, is making dental care more approachable through its subscription-based software and administrative solutions.
Since 2015, Membersy has been at the forefront of positive change in the way patients access quality and affordable dental care, while simultaneously creating a model for dental providers to control the pricing narrative and lessen their reliance on insurance carriers.
Now partnered with over 4,500 dental practices and over 10,000 dentists nationwide, Membersy continues to set the industry standard for custom in-house dental plans that prioritize an enhanced patient experience. For more information, including a complete list of Membersy's growing partner portfolio, please visit Membersy.com or follow us on LinkedIn @membersy.
For Press Inquiries:
Sara Lambley
JMG Public Relations
sara@jmgpr.com
602-469-6373
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SOURCE Membersy | https://www.kxii.com/prnewswire/2022/06/07/membersy-announces-michael-shuman-new-chief-executive-officer-company-makes-subscription-based-dental-care-more-accessible-dental-service-organizations-dsos-consumers/ | 2022-06-07T13:19:11Z |
Authorities find victim of Milford drowning days after disappearance
JUNCTION CITY, Kan. (WIBW) - The man who was last seen swimming to shore to call for help after getting in a homemade water vessel at Milford Lake has been found nearly two weeks later.
On Friday, May 13, the Geary Co. Sheriff’s Office said the body of Jesse Paul Sockness, the victim of a drowning at Milford Lake, has been found.
The Sheriff’s Office said Sockness was last seen on Saturday afternoon, April 30, when deputies were called to Eagle Ridge Campground with reports of a woman who had drifted to the shoreline in a homemade “water vessel.”
Deputies said Sockness’s body was found floating in the water a few hundred yards north of where he was suspected to have gone in.
The woman told deputies Sockness had been with her walking near Curtis Creek when they found the vessel made from 55-gallon drums and 2x4 lumber. They proceeded to get in the vessel and were caught by winds and pulled towards the main body of the lake.
The woman noted Sockness had jumped into the water to swim to shore and call for help. He was last seen in the water as she drifted away in the vessel.
Geary Co. authorities searched for Sockness during daylight hours from Saturday, April 30, until Friday, May 13. The search had been called off around 10 a.m. on Monday due to weather conditions and was resumed on Tuesday.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/05/13/authorities-find-victim-milford-drowning-days-after-disappearance/ | 2022-05-14T00:13:32Z |
(NEXSTAR) – Opening Day is upon us, meaning 18 MLB teams are gearing up to take the field Thursday after a delayed Spring Training sparked by labor negotiations. While the rules of the game are largely the same, the teams you’ll see taking the field have changed since Opening Day 1922.
When players took the field for the 1922 season, there weren’t even 18 teams in the league. Instead, there were eight a piece in the American League and National League, according to ESPN, far less than the 30 in the league today.
- New York Yankees
- New York Giants
- Detroit Tigers
- St. Louis Browns
- Chicago White Sox
- Chicago Cubs
- St. Louis Cardinals
- Cleveland Indians
- Pittsburgh Pirates
- Brooklyn Robins
- Cincinnati Reds
- Washington Senators
- Philadelphia Athletics
- Boston Red Sox
- Philadelphia Phillies
- Boston Braves
While most of those team names are the same as today, seven have changed their name or home city. All seven are still franchises today. Here’s a look at those teams:
St. Louis Browns
In 1902, the Milwaukee Brewers moved to St. Louis with new owner Robert Lee Hedges, a carriage-maker. He renamed the team to the St. Louis Browns, a nod to the Cardinals’ former name, the Brown Stockings, according to the St. Louis Browns Historical Society.
The team would play its last game in 1953 when the team was sold to Baltimore. The franchise then became the Orioles.
Cleveland Indians
Previously known as the Cleveland Naps until 1915 when they adopted the “Indians” moniker.
Last year, the team changed its name to the Cleveland Guardians after years of controversy and pressure from the MLB.
Brooklyn Robins
Debuting in 1890 as the Bridegrooms, Brooklyn would soon earn the nickname Trolley Dodgers, which was shortened to just Dodgers, according to the MLB. In 1914, the Dodgers changed their name to the Robins in honor of team manager Wilbert Robinson. After his 1932 retirement, the team went back to being the Brooklyn Dodgers.
In the 1950s, the team moved to Los Angeles, becoming the Los Angeles Dodgers we know today.
New York Giants
Of course, Brooklyn fans weren’t the only New Yorkers left broken-hearted when their team decided to leave town ahead of the 1958 season. Willie Mays and the 5-time champion Giants abandoned upper Manhatten for their own new home in sunny California.
As the New York Times reported at the time, the unanimous vote included the condition that both the Dodgers and Giants go through with the move, which they did. In the process, one of the game’s great rivalries transferred to the West Coast.
Washington Senators
While originally founded as the Washington Nationals Baseball Club in 1859, the team was going by the Senators moniker by the early 1900s. Then in 1905, the team effectively became the Nationals. Still, for the next five decades, the MLB says newspapers referred to the team as the Senators, Nationals, and Nats interchangeably.
Philadelphia Athletics
Founded in 1901, the Philadelphia Athletics would remain in Pennsylvania until 1954. The team was then sold to Arnold Johnson and moved to Kansas City, Mo.
The team’s next owner, Charlie Finley, requested permission to move the Athletics to Dallas-Ft. Worth in 1962, but was denied, according to the MLB. Six years later, the A’s moved to Oakland.
Boston Braves
Originally founded as the Boston Red Stockings, the team was known as the Boston Braves by 1912, the MLB says.
In the early 1950s, after losing much of its fan base to the Boston Red Sox, the Braves moved to Milwaukee. Again citing dwindling fan support, the Braves moved to Atlanta in 1966. Since the move to Georgia, the Braves have won two of the franchise’s four World Series championships, including the most recent in 2021.
SLIDESHOW: Photos of Opening Day 1922
Have you figured out which teams playing today didn’t appear in 1922? No problem, we’ve got you covered. Those teams who weren’t part of the league 100 years ago, either as their current moniker or as one of the six teams above, are:
- Arizona Diamondbacks
- Colorado Rockies
- Houston Astros
- Kansas City Royals
- Los Angeles Angels
- Miami Marlins
- Minnesota Twins
- New York Mets
- San Diego Padres
- Seattle Mariners
- Tampa Bay Rays
- Texas Rangers
- Toronto Blue Jays
Thursday’s first day of the 2022 regular season marks the 146th Opening Day in MLB history. | https://cw33.com/news/how-many-of-these-mlb-teams-from-100-years-ago-do-you-recognize/ | 2022-04-06T16:46:23Z |
TORONTO, May 17, 2022 /PRNewswire/ - Westbridge Energy Corporation (TSXV: WEB) (OTCQB: WEGYF) (FRA: PUQ3) ("Westbridge" or the "Company") is pleased to announce the appointment of Mr. Pandelis Vassilakakis to the role of Chief Business Development Officer to oversee the expansion of its solar PV portfolio. Westbridge currently has projects in Canada, the United States and the United Kingdom.
Mr. Vassilakakis' track record in the renewable energy industry includes developing and building over 5 GW of solar PV and wind farms over the span of his 17-year career. Mr. Vassilakakis served as VP Business Development EMEA at Talesun Energy in London, where he successfully originated and developed 150 MW of solar PV across Europe. He was also a key member of Canadian Solar Inc. (NASDAQ: CSIQ) team in New York where he served as Senior Director of Business Development and was instrumental in the origination and development of over 1,200 MW of solar PV worldwide. Prior to his corporate roles, Mr. Vassilakakis was the Founder and CEO of LEA Innovazione SRL, where he led the development and construction of over 200 MW of solar PV.
Stefano Romanin, CEO commented, "We are excited to have Pandelis join our team and lead the expansion of our solar PV portfolio. We see tremendous opportunity in the markets where we operate and beyond, with strong government support for a net zero economy. With our first project monetization expected this year, adding his caliber of expertise ensures our continued growth and expansion of our project pipeline."
Westbridge Energy Corporation develops best-in-class solar PV projects. The Company plans to deliver attractive, long-term returns by originating, executing, and developing an international portfolio of renewable assets for investors and utilities. Management has a strong track-record with 40+ projects developed worldwide, obtaining, and executing permits on time and within budget. As one of the very few listed pure-play Canadian solar development companies, Westbridge provides its investors with valuable access to greenfield solar projects. This means the Company can invest at the earliest stage of solar energy development benefiting from the full value chain as well as the expected wider adoption of renewable energy going forward. Westbridge brings together regulators, corporate buyers, and landowners with the goal of delivering clean, sustainable electricity to end users.
On behalf of the Board of Directors,
Scott M. Kelly,
Executive Chair & Director,
Westbridge Energy Corporation,
skelly@westbridge.energy
+1 604-687-7767
Momentum IR Corp.
Nhasan@westbridge.energy
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information set forth in this document contains forward-looking information and statements including, without limitation, management's business strategy, management's assessment of future plans and operations. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Forward-looking statements or information typically contain statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "project", "potential" or similar words suggesting future outcomes or statements regarding future performance and outlook. Readers are cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company.
This news release contains forward-looking statements about the Company's appointment of Pandelis Vassilakakis as the Company's new Chief Business Development Officer and the timing therefor, Mr. Vassilakakis' skills, knowledge and expertise and the benefits the Company expects to derive therefrom, the expansion of the Company's solar PV portfolio, if at all and anticipated steps, timing and costs thereof, exits of projects, if any, the Company's objectives and strategies, the ability of the Company to achieve its goals, each of which are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include general business, economic, competitive, regulatory, policy and social uncertainties, and availability of permits and financing upon terms acceptable to the Company or at all. Applicable risks and uncertainties include, but are not limited to regulatory risks, risks related to the COVID-19 global pandemic, changes in laws, market risks, operating history, competition, and the other risks identified under the headings "Risk Factors" in the Company's management's discussion and analysis dated March 29, 2022 and other disclosure documents available on the Company's profile on SEDAR at www.sedar.com.The forward-looking statements contained in this press release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.
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SOURCE Westbridge Energy Corporation | https://www.wibw.com/prnewswire/2022/05/17/westbridge-strengthens-executive-leadership-team/ | 2022-05-17T10:40:36Z |
MILWAUKEE, Aug. 19, 2022 /PRNewswire/ -- Milwaukee-based independent advertising agency Hanson Dodge is enjoying a red hot summer as it makes good on its agency promise to help its people and clients to make the next great leap.
The agency was recently named a Silver Best Small Agency Winner in the Midwest by the advertising publication Ad Age based on its revenue performance, creative effectiveness, new business track record, proficiency in technology and digital media, and agency culture.
The Milwaukee Business Journal named Hanson Dodge a Milwaukee-area "best place to work," citing feedback from its own employees for creating an environment that recognizes personal engagement, teamwork, trust, retention, job satisfaction and the importance of work-life balance and mental wellness.
Clients have rewarded the agency's contributions to its business: KEEN footwear expanded its relationship with Hanson Dodge, awarding it responsibilities for the brand's Outside and Kid's lines. These are in addition to the work the agency is already doing for KEEN Utility. The Grand America Hotels & Resorts chain also expanded its relationship with Hanson Dodge, naming it to handle brand strategy and website work for Sun Valley and Snowbasin Resorts. HD previously did projects for the chain's Grand America and Little America Hotels in Salt Lake City. And Charcuterie Artisans worked with Hanson Dodge to help relaunch and refresh its Del Duca brand of charcuterie products. HD is the creative and media agency for Charcuterie Artisans' other major brand, Creminelli.
Beyond this, the agency also recently launched its first national brand campaign for NOW vitamins and supplements, which is already generating early marketplace success.
At a recent agency gathering, appropriately nicknamed "The Great Unzooming," the leaders of HD brought together all of its 45-person staff for an in-person celebration. Said agency president Stacie Boney, "We succeed when our clients succeed. And we succeed when we are successful in attracting and retaining the best talent. Taken together, that combination gives us the power to change everything. Taken together, that helps us make the next great leap."
Hanson Dodge is a Milwaukee-based full-service independent advertising agency with a rich history of digital excellence. The agency is a collective of talented people working together and bringing out the best in each other to achieve uncommon success for the good people we're proud to call our clients. The agency's mission is to help good people and brands to make the next great leap. HD has been named a Best Place to Work for consecutive years and was recently awarded Silver for Best Small Agency Midwest (www.hansondodge.com).
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SOURCE Hanson Dodge | https://www.kxii.com/prnewswire/2022/08/19/milwaukee-based-independent-agency-hanson-dodge-enjoys-red-hot-summer/ | 2022-08-19T13:45:20Z |
TAIPEI, Sept. 15, 2022 /PRNewswire/ -- Axiomtek - a world-renowned leader relentlessly devoted in the research, development, and manufacturing of innovative and reliable industrial computer products of high efficiency – is proud to introduce the IPC972, its new industrial edge AI system with dual GPU support. The highly expandable edge computer supports the Intel® Xeon® or 10th gen Intel® CoreTM i7/i5/i3 processor (code name: Comet Lake S) with the Intel® W480E chipset. With the ability to support two NVIDIA® GeForce RTX 3090 GPU cards, the IPC972 enables to facilitate image processing, real-time control, data analysis, deep learning, AOI, data acquisition, and more automation tasks.
Axiomtek's IPC972 continues the IPC970 series design, offering flexible expansion options with one I/O module slot, four PCIe slots. In addition, it has one M.2 Key B 3042/3050 slot with SIM slot for 5G wireless connection, one M.2 Key E 2234 slot for Wi-Fi/Bluetooth modules, and one full-size PCIe Mini Card slot with SIM slot for Wi-Fi/Bluetooth/LTE modules. With the compact and front-facing I/O design, the IPC972 provides the advantages of fast set-up and easy access and deployment. For stable operation in mission-critical environments, the IPC972 has a wide operating temperature range of -10°C to +60°C and a power input of 24V DC (uMin=19V/uMax=30V) with power-on delay function, over-voltage protection, over current protection, and reverse voltage protection.
"The IPC972 is designed to support dual NVIDIA® GeForce RTX 3090 GPU cards to accelerate tremendous graphics performance for growing AI applications at the edge. A single modular I/O slot can be flexibly expanded with the integration of different I/O modules – AX93511, AX93512, AX93516, and AX93519 – to make the IPC972 ideal and scalable for multi-application requests," said Ivy Lee, the product manager of AIoT Product PM Division at Axiomtek.
The IPC972 comes with four DDR4-2933 ECC/non ECC U-DIMM sockets with a maximum of 128GB system memory. This edge AI computer is equipped with two swappable 2.5-inch SSDs/HDDs, an optional internal 2.5-inch SSD/HDD with the support of Intel® RAID 0,1 and one M.2 Key M 2280 socket for NVMe SDD. In addition, the intelligent computing system supports rich I/O options including one 2.5GbE LAN port, one GbE LAN port, eight USB 3.2 ports, one internal USB 2.0 port, one VGA, one HDMI, one 4-pin terminal block, one audio (line-out), and one AT/ATX selectable switch. The IPC972 supports wall mounting for making installation easier. Moreover, the system runs Linux or Windows 10, and support TPM 2.0 for enhancing data and network security.
Axiomtek's edge computer with dual GPU expansion, the IPC972, is available now. For more product information or customization services, please visit our global website at www.axiomtek.com or contact one of our sales representatives at info@axiomtek.com.tw.
Advanced Features of IPC972
- LGA1200 Intel® Xeon® or 10th gen Core™ i7/i5/i3 processor, up to 80W (codename: Comet Lake S)
- Intel® W480E chipset
- Supports dual NVIDIA® GeForce RTX 3090 GPU cards
- M.2 Key B slot for 5G wireless connection
- M.2 Key E slot for Wi-Fi connection
- Supports RAID 0, 1, 5
- Supports power-on delay function
- Supports TPM 2.0
About Axiomtek Co., Ltd
Axiomtek has experienced extraordinary growth in the past 30 years because of our people, our years of learning which resulted in our tremendous industry experience, and our desire to deliver well-rounded, easy-to-integrate solutions to our customers. These factors have influenced us to invest in a growing team of engineers including software, hardware, firmware, and application engineers. For the next few decades, our success will be determined by our ability to lead with unique technologies for AIoT and serve our key markets with innovatively-designed solution packages of hardware and software – coupled with unmatched engineering and value-added services that will help lessen the challenges faced by our systems integrator, OEM and ODM customers and prospects alike. We will continue to enlist more technology partners and increase collaborations with our growing ecosystem who are leaders in their fields. With such alliances, we will create synergy and better deliver solutions, value, and the expertise our customers need.
As an associate member of the Intel® Internet of Things Solutions Alliance, Axiomtek continuously develops and delivers cutting edge solutions based on the latest Intel® platforms.
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SOURCE Axiomtek | https://www.wibw.com/prnewswire/2022/09/15/axiomtek-launches-edge-computer-with-dual-gpu-expansion-ai-accelerated-processing-ipc972/ | 2022-09-15T07:39:59Z |
New App Streamlines Crowdfunding And Monetization For Your Link In Bio
SAN DIEGO, June 1, 2022 /PRNewswire/ -- Koji, the world's most powerful Link in Bio platform and the leading app store for social media, today announced the launch of Tip Jar+, a new app that gives creators a modern and optimized tip jar experience and lets Creators give back to their audience by offering free or discounted premium content to fans and followers through their Link in Bio.
Tip Jar+ is an evolution of Koji's original Tip Jar app, which will remain live in the App Store. The app underwent a complete redesign to make it more user-friendly for fans and followers who want to leave a tip for their favorite creators through their Link in Bio. Within the app, creators can upload full-screen content, customize the call-to-action button, and leave personalized thank you notes for fans who donated.
Within the app, creators can also showcase a bonus offer (photos, videos, and downloadable files) to their audience that will only be made available after donating to the tip jar. Fans and followers have until the page refreshes to purchase the bonus content.
The new apps are free to use and available today on the Koji App Store.
ABOUT KOJI
Koji is the world's most powerful Link in Bio platform. With hundreds of free apps created by Koji and its community of independent developers, the Koji Link in Bio gives leading Creators on TikTok, Instagram, Twitch, and other social media platforms new ways to engage audiences, connect with supporters, and monetize. Koji launched in March 2021 and has raised $36 million in venture capital.
PRESS CONTACT
Sean Thielen
sean@withkoji.com
ADDITIONAL RESOURCES
Tip Jar+ on the Koji App Store
Which Tip Jar is right for you?
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SOURCE Koji | https://www.kxii.com/prnewswire/2022/06/01/creator-economy-platform-koji-announces-new-tip-jar-app/ | 2022-06-01T13:42:57Z |
EAST HAMPTON, New York (WCBS) -- An invasive beetle is forcing thousands of trees to be cut down on Long Island's East End.
The Paris family of Sag Harbor bemoans majestic trees on their street are victims of the southern pine beetle feeding frenzy.
"It's terrible," Deborah Paris told CBS2's Jennifer McLogan.
The southern pine beetle is wreaking havoc across Suffolk County.
"It's terrible. It feels like a fire trap ready to happen," one person said.
"This beetle spreads everywhere," another person said.
Homeowners are discovering treasured pine trees dead and dying. Now, they must come down, which can be costly at $1,300 per tree on average.
The beetle, first discovered seven years ago on Long Island's East End, kills by burrowing through bark, overwhelming the tree's defenses.
"We have to protect the trees," one person said.
Pine trees are being felled by the thousands.
Hither Hills and Napeague state parks were recently targeted.
"Surveyed the area and determined that we had a real major problem ... So now the New York State Department of Environmental Conservation has an emergency contract," said George Gorman, regional director of New York state parks.
Because of the beetles, 4,300 pine trees of all species must go.
The southern pine beetle is about the size of a grain of rice, and swarms can kill a tree within two months. Look for discoloration of needles, pitch tubes, popcorn-sized clumps of resin and scattered holes and tunnels.
"Whether it's in your backyard or whether it's a major state park, we have to react right away to remove it," Gorman said.
Once infected, the trees can't be saved, but surrounding ones can be, so remain vigilant.
"If you're hiking and you notice withering trees, you see little sap marks, you see holes in the trees, report it, let someone know, contact the DEC. We want to try to get a jump on it as soon as possible," Montauk State Park manager Frank Stark said.
The public is urged to do its part to help save the pine trees of Long Island.
Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform.
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accounts, the history behind an article. | https://www.albanyherald.com/southern-pine-beetles-killing-thousands-of-trees/article_36c22c25-c313-59b1-9f93-50db8317863d.html | 2022-09-14T23:44:49Z |
WOONSOCKET, R.I., Sept. 13, 2022 /PRNewswire/ -- CVS Health® (NYSE: CVS) has appointed Jeffrey R. Balser, M.D., Ph.D., to serve on the Board of Directors (the "Board") of CVS Health, effective immediately. He has also been named to the Board's Medical Affairs Committee.
"Dr. Balser's extensive experience in a wide range of roles across health care organizations will be an invaluable asset for the Board," said CVS Health President and CEO Karen S. Lynch. "His deep clinical expertise and leadership of a prestigious health system gives him the insight to help support our strategy to serve consumers and meet their health needs differently."
Dr. Balser serves as President and Chief Executive Officer of Vanderbilt University Medical Center ("VUMC") and has served as its chief executive since 2009, and has also served as Dean of the Vanderbilt University School of Medicine since 2008. VUMC is one of the largest and most prominent academic medical centers in the Southeast, with seven hospitals and 170 outpatient facilities across Tennessee and in neighboring states.
"On behalf of the Board, I want to welcome Dr. Balser to CVS Health," said Roger N. Farah, Independent Chair of the Board. "This is an exciting time for the Company, and we are confident he will be a valuable addition as we continue to redefine health care."
Dr. Balser is a member of the National Academy of Medicine and serves on its governing council. He also currently serves on the boards of VUMC, Tulane University, and the Nashville Health Care Council.
"I believe CVS Health's vision for primary care and its integrated approach to care delivery will help improve the health experience in our country," Dr. Balser said. "I look forward to working with the management team and the Board to help advance the company's strategy."
Dr. Balser completed his internship with the Osler Medical Service, residency training in anesthesiology, and fellowship training in both cardiac anesthesiology and critical care medicine at Johns Hopkins in Baltimore, MD. He joined the Hopkins faculty in 1995, practicing cardiac anesthesiology and ICU medicine while leading an NIH-funded research program aimed at the genomic underpinnings of cardiac rhythm disorders. He returned to Vanderbilt in 1998, was appointed chair of the Department of Anesthesiology in 2001 and became VUMC's chief research officer in 2004. In 2008/09, he was named Dean of the School of Medicine and Vice Chancellor for Health affairs with executive responsibility for Vanderbilt's medicine-related educational, research, and clinical service programs, responsibilities that continue since 2016 in his role as President and CEO.
About CVS Health
CVS Health® is the leading health solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and over 300,000 dedicated colleagues – including more than 40,000 physicians, pharmacists, nurses and nurse practitioners. Wherever and whenever people need us, we help them with their health – whether that's managing chronic diseases, staying compliant with their medications or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day. Follow @CVSHealth on social media.
Media contact
T.J. Crawford
212-457-0583
CrawfordT2@CVSHealth.com
Investor contact
Larry McGrath
800-201-0938
investorinfo@CVSHealth.com
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SOURCE CVS Health | https://www.wibw.com/prnewswire/2022/09/13/cvs-health-appoints-dr-jeffrey-balser-board-directors/ | 2022-09-13T11:33:02Z |
WASTE CONNECTIONS REPORTS SECOND QUARTER 2022 RESULTS AND RAISES FULL YEAR OUTLOOK
Published: Aug. 2, 2022 at 3:05 PM CDT|Updated: 2 hours ago
Accelerating solid waste pricing growth and E&P waste activity drive better than expected Q2 results
Revenue of $1.816 billion, up 18.4%
Net income(a) of $224.1 million, and adjusted EBITDA(b) of $566.8 million, up 16.9%
Adjusted EBITDA(b) margin of 31.2% of revenue, in line with outlook and flat year over year, excluding acquisitions
Net income of $0.87 per share, and adjusted net income(b) of $1.00 per share, up 23.5%
Year to date net cash provided by operating activities of $973.7 million and adjusted free cash flow(b) of $638.4 million, or 18.4% of revenue
Year to date signed or closed acquisitions with approximately $470 million of total annualized revenue
Increases full year 2022 outlook to revenue of approximately $7.125 billion, net income of approximately $837.5 million, adjusted EBITDA(b) of approximately $2.190 billion, net cash provided by operating activities of approximately $1.974 billion and adjusted free cash flow(b) of approximately $1.160 billion
TORONTO, Aug. 2, 2022 /PRNewswire/ -- Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") today announced its results for the second quarter of 2022 and updated its outlook for 2022.
"Accelerating solid waste pricing and E&P waste activity drove a top-to-bottom beat in the period. Solid waste pricing growth of 8.8% enabled us to overcome increased inflationary pressures during the period and deliver adjusted EBITDA(b) margin in line with our outlook for Q2 and flat on a year over year basis excluding the margin dilutive impact from acquisitions completed since the year ago period," said Worthing F. Jackman, President and Chief Executive Officer.
"Our outperformance in the first half of 2022, expected further sequential increases in solid waste pricing growth, continuing strength in E&P waste activity, and acquisitions closed year to date, position us to update our outlook for the full year to revenue of approximately $7.125 billion, adjusted EBITDA(b) of approximately $2.190 billion and adjusted free cash flow(b) of approximately $1.160 billion, exceeding our initial outlook as provided in February and another reflection of our culture of accountability in a challenging operating environment."
Mr. Jackman added, "As anticipated, acquisition activity is pacing well above average. We have closed approximately $245 million in annualized revenues, with another approximately $225 million in total annualized revenue under definitive agreements expected to close during the third quarter, subject to customary closing conditions, and our pipeline remains quite robust. As such, we believe we are well-positioned for double digit revenue growth in 2023 along with margin expansion from continuing solid waste pricing strength and rollover contribution from acquisitions already signed or closed year to date; additional acquisitions expected to close later this year and early next year would provide further growth."
Q2 2022 Results
Revenue in the second quarter totaled $1.816 billion, up from $1.534 billion in the year ago period. Operating income was $329.6 million, which included $6.8 million primarily in impairments and other operating items. This compares to operating income of $266.8 million in the second quarter of 2021, which included $12.5 million primarily related to fair value accounting changes to equity awards. Net income in the second quarter was $224.1 million, or $0.87 per share on a diluted basis of 257.7 million shares. In the year ago period, the Company reported net income of $177.0 million, or $0.68 per share on a diluted basis of 261.4 million shares.
Adjusted net income(b) in the second quarter was $257.1 million, or $1.00 per diluted share, versus $210.9 million, or $0.81 per diluted share, in the prior year period. Adjusted EBITDA(b) in the second quarter was $566.8 million, as compared to $484.9 million in the prior year period. Adjusted net income, adjusted net income per diluted share and adjusted EBITDA, all non-GAAP measures, primarily exclude impairments and acquisition-related items, as reflected in the detailed reconciliations in the attached tables.
Six Months Year to Date Results
For the six months ended June 30, 2022, revenue was $3.463 billion, up from $2.930 billion in the year ago period. Operating income, which included $13.4 million primarily attributable to transaction-related expenses, was $603.4 million, as compared to operating income of $505.2 million in 2021, which included $14.0 million primarily related to fair value changes in equity awards.
Net income for the six months ended June 30, 2022 was $404.4 million, or $1.57 per share on a diluted basis of 258.1 million shares. In the year ago period, the Company reported net income of $337.4 million, or $1.29 per share on a diluted basis of 262.3 million shares.
Adjusted net income(b) for the six months ended June 30, 2022 was $470.6 million, or $1.82 per diluted share, compared to $396.3 million, or $1.51 per diluted share, in the year ago period. Adjusted EBITDA(b) for the six months ended June 30, 2022 was $1.069 billion, as compared to $918.1 million in the prior year period.
Updated 2022 Outlook
Waste Connections also updated its outlook for 2022, which assumes no change in the current economic environment or underlying economic trends. The Company's outlook excludes any impact from additional acquisitions that may close during the year, and expensing of transaction-related items. The outlook provided below is forward looking, and actual results may differ materially depending on risks and uncertainties detailed at the end of this release and in our periodic filings with the U.S. Securities and Exchange Commission and the securities commissions or similar regulatory authorities in Canada. Certain components of the outlook for 2022 are subject to quarterly fluctuations. See reconciliations in the attached tables.
Revenue is estimated to be approximately $7.125 billion, as compared to our original revenue outlook of approximately $6.875 billion.
Net income is estimated to be approximately $837.5 million, and adjusted EBITDA(b) is estimated to be approximately $2.190 billion, or about 30.7% of revenue, as compared to our original adjusted EBITDA(b) outlook of $2.145 billion or 31.2% of revenue.
Capital expenditures are estimated to be approximately $850 million, in line with our original outlook.
Net cash provided by operating activities is estimated to be approximately $1.974 billion, and adjusted free cash flow(b) of approximately $1.160 billion, or about 16.3% of revenue, as compared to our original adjusted free cash flow(b) outlook of $1.150 billion or 16.7% of revenue.
Environmental, Social and Governance
Waste Connections views its Environmental, Social and Governance ("ESG") efforts as integral to its business, with initiatives consistent with its objective of long-term value creation. In 2020, the Company introduced long-term, aspirational ESG targets and committed over $500 million for investments to meet or exceed such sustainability targets. These investments primarily focus on reducing emissions, increasing resource recovery of both recyclable commodities and clean energy fuels, reducing reliance on off-site disposal for landfill leachate, further improving safety through reduced incidents and enhancing employee engagement through improved voluntary turnover and Servant Leadership scores. The Company's 2021 Sustainability Report provides progress updates on its targets and investments towards their achievement. For more information, visit the Waste Connections website at wasteconnections.com/sustainability.
Q2 2022 Earnings Conference Call
Waste Connections will be hosting a conference call related to second quarter earnings on August 3rd at 8:30 A.M. Eastern Time. A live audio webcast of the conference call can be accessed by visiting investors.wasteconnections.com and selecting "News & Events" from the website menu. Alternatively, listeners may access the call by dialing 800-747-0365 (within North America) or 212-231-2939 (international) approximately 10 minutes prior to the scheduled start time; a passcode is not required. A replay of the conference call will be available until August 10, 2022, by calling 800-633-8284 (within North America) or 402-977-9140 (international) and entering Passcode #22019767.
Waste Connections will be filing a Form 8-K on EDGAR and on SEDAR (as an "Other" document) prior to markets opening on August 3rd, providing the Company's third quarter 2022 outlook for revenue, price plus volume growth for solid waste, and adjusted EBITDA(b).
About Waste Connections
Waste Connections is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, along with resource recovery primarily through recycling and renewable fuels generation. The Company serves more than eight million residential, commercial and industrial customers in mostly exclusive and secondary markets across 43 states in the U.S. and six provinces in Canada. Waste Connections also provides non-hazardous oilfield waste treatment, recovery and disposal services in several basins across the U.S., as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest. For more information, visit Waste Connections at wasteconnections.com.
Safe Harbor and Forward-Looking Information
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 ("PSLRA"), including "forward-looking information" within the meaning of applicable Canadian securities laws. These forward-looking statements are neither historical facts nor assurances of future performance and reflect Waste Connections' current beliefs and expectations regarding future events and operating performance. These forward-looking statements are often identified by the words "may," "might," "believes," "thinks," "expects," "estimate," "continue," "intends" or other words of similar meaning. All of the forward-looking statements included in this press release are made pursuant to the safe harbor provisions of the PSLRA and applicable securities laws in Canada. Forward-looking statements involve risks and uncertainties. Forward-looking statements in this press release include, but are not limited to, statements about expected 2022 and 2023 financial results, outlook and related assumptions, and potential acquisition activity. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, risk factors detailed from time to time in the Company's filings with the SEC and the securities commissions or similar regulatory authorities in Canada. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release. Waste Connections undertakes no obligation to update the forward-looking statements set forth in this press release, whether as a result of new information, future events, or otherwise, unless required by applicable securities laws.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.wibw.com/prnewswire/2022/08/02/waste-connections-reports-second-quarter-2022-results-raises-full-year-outlook/ | 2022-08-02T21:41:13Z |
NEW YORK, Sept. 8, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Kiromic BioPharma, Inc. (NASDAQ: KRBP): (i) pursuant and/or traceable to the offering documents issued in connection with the Company's initial public offering conducted on or about July 2, 2021 (the "IPO"); and/or (ii) between June 25, 2021 and August 13, 2021, both dates inclusive (the "Class Period"), of the important October 4, 2022 lead plaintiff deadline.
SO WHAT: If you purchased Kiromic BioPharma securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Kiromic BioPharma class action, go to https://rosenlegal.com/submit-form/?case_id=8051 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 4, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, the IPO documents failed to disclose that the U.S. Food and Drug Administration ("FDA") had, prior to the filing of the IPO documents, imposed a clinical hold, and in fact, contained statements indicating that it had not. Given that the IPO closed on July 2, 2021, more than thirty (30) days after Kiromic BioPharma submitted the Investigational New Drug ("IND") applications for its two immunotherapy product candidates, investors were assured that no clinical hold had been issued and clinical trials would commence.
Kiromic BioPharma, however, received communications from the FDA on June 16 and 17, 2021, informing it that the FDA was placing the IND applications for its two candidate products on clinical hold. The IPO documents failed to disclose this information, instead representing that clinical testing was expected to proceed in the third quarter of 2021. Clinical testing did not proceed in the third quarter of 2021, nor was it likely given the FDA's imposition of a clinical hold. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Kiromic BioPharma class action, go to https://rosenlegal.com/submit-form/?case_id=8051 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A. | https://www.kxii.com/prnewswire/2022/09/09/rosen-top-ranked-investor-counsel-encourages-kiromic-biopharma-inc-investors-with-losses-secure-counsel-before-important-deadline-securities-class-action-krbp/ | 2022-09-09T03:26:02Z |
Businesses can now automatically customize and optimize their customers' verification journeys by leveraging behavioral and risk signals in real time
SAN FRANCISCO, July 20, 2022 /PRNewswire/ -- Persona today launched "Dynamic Flow," the first risk response and verification engine that customizes the identity verification (IDV) process in real time for each user and use case. The new release ingests live signals throughout the verification process and uses these signals to adjust each individual's experience based on their risk profile and the company's risk tolerance. Now, all types of businesses can personalize the IDV experience to optimize the customer journey, minimize friction, and onboard as many trusted users as possible — all without massive operational or engineering resources.
"Customers today demand a quick and seamless experience. But in most cases, high- and low-risk individuals are treated with the same level of scrutiny during a transaction," said Rick Song, CEO, Persona. "The intent is to prevent fraud, but the result is a cumbersome process and a frustrated customer. Dynamic Flow granularly customizes the verification journey — from what information to collect to what needs to be verified — so each customer receives a tailored experience."
With Dynamic Flow, businesses can collect and verify the information they need to vet riskier users while minimizing the amount asked of less risky individuals. For example, if a user fails the address check when opening a new checking account, the bank can ask them to submit a proof of address. If the user passes the address check, they can simply move on to the next step. Similarly, marketplaces can surface different verification flows based on the user's age or IP address.
Benefits and features of Dynamic Flow include:
- Collection and verification flows optimized in real time to user risk: Adjust friction for users in real time based on risk indicated by active, passive, behavioral, and enriched signals, such as self-reported information, IP address, location, and distraction events. Increase or bypass checks and verification requirements as needed to minimize drop-off and deter fraud.
- No-code flow builder: Quickly build, deploy, and iterate on your collection flow and conditional verification logic with our visual drag and drop template editor.
- Fully customizable UI: Increase conversions by making each flow feel like a native part of your overall experience. Configure any component on any screen, including what information to collect and which screen to show next, to align with your brand's look and feel.
- Native funnel analytics: Understand where and why users drop off with data around volume, pass rates, and drop-off, and use this information to identify friction points and optimize your flow.
Song added: "IDV today is riddled with friction and inconsistencies, largely because it's solely viewed as a means of fraud prevention and security, rather than a core component of the customer experience and journey. Identity is a relationship, not a transaction. It is contextual and dynamic, not a one-off checkbox."
Given how complex identity is, Dynamic Flow is a natural expansion of Persona's already robust suite of identity tools that helps businesses with everything from case management and KYB to the orchestration of the entire identity process both inside and outside of Persona. The new addition allows for even more customization, enabling businesses to build tailored solutions that balance conversion, risk, and operational burden on their teams - all while giving end-users first-class identity experiences.
Market Leaders Recognize the Advantages of Real-Time Risk Response in IDV
Already a number of leaders in fintech, online gaming, marketplaces, and edtech — like FTX US Derivatives, Carvana and Z-League — are using Dynamic Flow to create a seamless identity verification experience for their customers.
ABOUT PERSONA
Persona offers verified identity infrastructure that gives businesses the building blocks they need to securely collect, verify, and make decisions about customers — whether they're individuals or other businesses — along with automation and orchestration tools to streamline the entire process from end to end. Founded in 2018, Persona is headquartered in San Francisco and is available in 200+ countries and 20 different languages. Persona serves any business that needs to verify its customers online, including retail, fintech, marketplace, delivery services, real estate and hospitality, HR, edtech, legal services, home and childcare services, and more. For additional information, please visit https://withpersona.com/
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SOURCE Persona | https://www.kxii.com/prnewswire/2022/07/20/persona-unveils-dynamic-flow-fight-fraud-while-providing-seamless-identity-verification-experience/ | 2022-07-20T17:05:45Z |
Woman wins $10M lottery prize after being ‘pushed’ into buying scratch-off ticket
LOS ANGELES (Gray News) - A woman in Southern California is ‘accidentally’ $10 million richer thanks to some help pushing a button at a California Lottery Scratchers vending machine.
According to lottery officials, California resident LaQuedra Edwards was at a Los Angeles-area Vons grocery store in November 2021 when she put $40 into the Scratchers machine.
Edwards said when she was deciding which games to play, “some rude person” bumped into her. The impact then pushed her into choosing the wrong selection on the machine, a $30 200X Scratchers ticket.
“He just bumped into me, didn’t say a thing, and just walked out the door,” Edwards said.
Edwards told lottery officials that she wasn’t planning on playing that game and was initially irritated because the ticket took most of her lottery budget.
However, Edwards said she was not upset for long as she started scratching the $30 ticket once back in her car and discovered she’d just won the game’s top prize of $10 million.
“I didn’t really believe it at first, but I got on the freeway and kept looking down at [the ticket], and I almost crashed my car,” Edwards said. “I pulled over, looked at it again, scanned it with my [California Lottery mobile] app, and I kept thinking this can’t be right.”
According to lottery officials, Edwards plans to use the prize money to purchase a home and start a nonprofit organization.
“I’m still in shock. All I remember saying once I found out how much I just won was, ‘I’m rich!” Edwards said.
Lottery officials said the Vons store where Edwards bought the Scratcher received $50,000 for selling the winning ticket.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/04/06/woman-wins-10m-lottery-prize-after-being-pushed-into-buying-scratch-off-ticket/ | 2022-04-06T21:42:04Z |
2nd trial set for Aug. 9 for 2 men charged in Whitmer kidnapping plot
DETROIT (AP) — A judge has set Aug. 9 for a second trial for two men charged with plotting to kidnap Michigan Gov. Gretchen Whitmer.
A jury in April acquitted two other men but were deadlocked on Adam Fox and Barry Croft Jr.
They were described as leaders of a scheme to kidnap Whitmer at her vacation home in 2020, trigger a civil war and prevent Joe Biden from winning the presidency.
Prosecutors said the group was steeped in anti-government extremism and furious over Whitmer’s pandemic restrictions.
There was evidence of a crudely built “shoot house” to practice going in and out of her vacation home, and a night ride to check the property.
Daniel Harris and Brandon Caserta were acquitted.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/06/30/2nd-trial-set-aug-9-2-men-charged-whitmer-kidnapping-plot/ | 2022-06-30T21:31:15Z |
First CX Express Program Offers Mystery Shopping for Restaurants, Retail, Hospitality & More!
ATLANTA, Aug. 10, 2022 /PRNewswire/ -- Market Force Information announced that they are making their world-class large-scale retail customer experience programs available to businesses through the CX Express Shop: an online store for companies looking to launch a customer experience program.
Market Force Information is leveraging their broad experience, infrastructure, and 400,000+ expert mystery shoppers to offer strategic insights to businesses through the CX Express Shop: a simple online shopping cart process to purchase mystery shopping services.
The CX Express Mystery Shopping program was designed with the knowledge and experience Market Force has developed delivering mystery shopping for some of the world's largest brands. Market Force's trained and certified mystery shoppers can shop online or in person across the United States to uncover opportunities across a wide array of digital and real-world customer journeys.
"We're proud to introduce an off-the-shelf program that can be optimized for restaurants, retailers, and many other consumer-facing businesses," says Scott Griffith, Market Force's Chief Marketing and Strategy Officer.
A CX Express Mystery Shopping subscription can be purchased online at www.marketforce.com/cxexpress. Businesses will be asked to select how often they want a mystery shop, how much they want to reimburse shoppers, what industry they're in, and the number of locations they want shopped.
After purchase, businesses receive a welcome email with an Excel template to fill out to get their program up and running. Two weeks after Market Force has received the approved forms, clients can expect to receive reports and results from their shopping program.
Mystery shopping provides brands with an objective evaluation of store performance. Mystery shopping reports help businesses gain insights into how to prioritize their resources, drive customer satisfaction, and adjust their services to get the best return on investment.
Market Force Information provides a robust framework for measuring and improving employee experience, operational performance, customer experience, and financial KPI's. Market Force delivers solutions for restaurants, big box and specialty retail, grocery, petro-convenience, hospitality, travel, telecom, technology, energy, education, health and wellness, movie studios and theatres, fitness, financial services, gaming, CPG, alcohol and tobacco, pharma, government agencies and more.
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SOURCE Market Force Information | https://www.wibw.com/prnewswire/2022/08/10/market-force-introduces-online-store-instant-customer-experience-programs/ | 2022-08-10T14:50:38Z |
Man bowls 3 perfect games in a row
NEW CASTLE, Ind. (WTHR) – Bryan Deck spends most nights at a bowling alley in Indiana. He started bowling when he was 7 years old because his dad loved to bowl.
“I grew up around it my whole life,” Deck said. “I love the competition.”
Last week, that competitive fire took over, and he bowled three perfect games in a row.
Deck said he didn’t feel very well that night and wasn’t going to bowl. But after visiting his dad’s grave, he decided to show up for his league anyway.
He had several strikes during his warmup, but he didn’t stop there.
Deck cruised through his first perfect 300 game, and then people started noticing as he went after another.
After rolling a second perfect game, he started to run out of energy and said the nerves were really taking over.
“So, I get up there and, like I said, I said, ‘C’mon, Dad, pull me through this last game.’ And I get up there and like the fifth frame ... or the sixth frame, it was like he just jumped inside my body. It was unreal,” Deck said.
He rolled 36 consecutive strikes and became just the 39th person in the world to have three consecutive perfect games.
Before this, Deck’s personal best was 813 points in one night.
Copyright 2022 WTHR via CNN Newsource. All rights reserved. | https://www.wibw.com/2022/06/29/man-bowls-3-perfect-games-row/ | 2022-06-29T18:07:05Z |
The Company Is Recognized as an Industry Leader in Education, Creativity, and Innovation
LOS ANGELES, July 8, 2022 /PRNewswire/ -- Herbalife Nutrition was presented with the Excellence in Business Award for its HN Grow mobile learning application by the U.S. Direct Selling Association (DSA) at the DSA Engage Annual Meeting in Boca Raton, FL. Randall Popelka, vice president for Government and Industry Affairs at Herbalife Nutrition, North America, accepted the award during the association's recognition presentation.
"We congratulate the teams and our distributors involved who contributed to the development of this interactive educational business tool for their hard work and commitment to creating an engaging and effective application to help grow our independent distributors' business," said Ibi Montesino, senior vice president, and managing director at Herbalife Nutrition, North America.
The creation of HN Grow was a cross-collaboration with the Global Member Education team leading the effort and support from Global Technology Services, the regions, and the Global Education Committee consisting of distributors. The Company also worked with Intuition, a global knowledge solutions company, to support the back-end Learning Management System and deliver a customized learning interface accessible to distributors on iOS and Android devices and desktop computers.
The Company created HN Grow to streamline the orientation process and provide continuous education for distributors through eLearning modules, videos, podcasts, and presentations about the Company's products, nutrition, business, compliance, coaching, and personal development topics. In addition, the platform enables the Company to measure the assurance of learning among distributors who use HN Grow through an increase in knowledge and confidence, as well as engagement and performance in the business.
"We are pleased to celebrate Herbalife Nutrition for their innovation and dedication to enhancing communities with entrepreneurial opportunities and providing renowned products and services throughout the world," shared Joseph N. Mariano, president of the U.S. Direct Selling Association.
The HN Grow mobile application launched in 2019 and, as of December 2021, is available in 44 countries and 13 languages and hosts more than 1600 localized learning items worldwide. The Company continues to launch HN Grow in more countries while adding training content and features to enhance the learning experience.
To learn more about Herbalife Nutrition, visit IamHerbalifeNutrition.com.
For more than a century, the U.S. Direct Selling Association (DSA) has served as the national trade association for companies that offer entrepreneurial opportunities to independent sellers to market and sell products and services, typically outside a fixed retail establishment. In 2021, direct selling took place across the United States, generating $42.7 billion in retail sales, and 7.3 million entrepreneurs in the U.S. sold products or services through the direct selling channel, providing a personalized buying experience for 44.6 million preferred customers and discount buyers.
Herbalife Nutrition is a global nutrition company that has been changing people's lives with great nutrition products and a business opportunity for its independent distributors since 1980. The Company offers science-backed products to consumers in 95 markets by entrepreneurial distributors who provide one-on-one coaching and a supportive community that inspires their customers to embrace a healthier, more active lifestyle. Through the Company's commitment to nourish people, communities and our planet, Herbalife Nutrition pledges to achieve 50 million positive impacts – tangible acts of good – by 2030, its 50th anniversary.
For more information, please visit IAmHerbalifeNutrition.com.
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SOURCE Herbalife Nutrition | https://www.kxii.com/prnewswire/2022/07/08/herbalife-nutrition-honored-by-direct-selling-association-dsa-with-an-excellence-business-award-2022-annual-meeting/ | 2022-07-08T14:14:00Z |
Amazon warehouse workers in New York made history voting for a union. Here’s what could happen next
By Sara Ashley O’Brien, CNN Business
After Christian Smalls was fired two years ago from an Amazon warehouse in New York City following his participation in a walkout over its pandemic response, an executive at the company suggested undercutting his organizing efforts by painting him as “not smart, or articulate.” When Smalls’ newly-established organization garnered enough interest to hold a union election at that facility this year, a spokesperson for the tech giant initially cast doubt on the legitimacy of the signatures indicating support. And when the election went forward, Amazon engaged in a full-blown campaign to combat the union drive, including text messages, signage and required group meetings to convey its anti-union message to workers.
But on Friday, the results of that election showed that employees at the Staten Island, New York, facility voted overwhelmingly in favor of unionizing with Amazon Labor Union (ALU), the grassroots labor organization started by Smalls and other current and former Amazon employees of the facility. The move marks the first time a group of US workers have successfully voted to form a union in Amazon’s 27-year history.
The win is striking for a number of reasons, including that ALU is a scrappy effort unaligned with an established labor union. It scored a decisive victory while a drive done in tandem with an 85-year-old labor union in Alabama has stumbled. (The results of an election at Bessemer one year ago favored Amazon but were scrapped after a National Labor Relations Board regional director determined Amazon had illegally interfered, a decision the company called “disappointing.” A do-over election currently remains too close to call.)
Now, the milestone vote and the bootstrapped approach to achieve it may well have ripple effects throughout Amazon, where other union efforts are already underway. It has the potential to motivate workers at other warehouses to unionize, labor experts say, and perhaps to rethink more conventional tactics for doing so. It could also supercharge the broader labor movement in the United States.
Amazon, the country’s second largest private employer, became even more dominant during the pandemic, hiring hundreds of thousands of workers to keep up with surging demand for online deliveries. The company is also widely viewed as setting the standards for what the future of work looks like across the United States, with its emphasis on ultra-efficient warehouses, automation and careful tracking of worker productivity.
“Amazon workers around the country will now have a belief that it’s possible to organize and win an election — but it will still be difficult,” said Rebecca Givan, a labor law professor at Rutgers University. “The odds are always, always stacked against workers organizing in a situation like this, but this is proof that it can be done and it will likely inspire workers elsewhere.”
But as the dust settles on the vote, questions remain about how much Amazon may push back at the new union — and any other efforts that attempt to follow in its footsteps.
How Amazon may push back
Amazon has previously said in statements that its “employees have always had the choice of whether or not to join a union,” while spending $4.3 million just last year on anti-union consultants. In a statement Friday, the company indicated it will explore its options to challenge the results rather than accepting that workers had voted in favor of the effort. (Both parties have until this Friday to file any objections.)
Amazon said it was exploring “filing objections” over what it claims was “inappropriate and undue influence” on the part of the NLRB, the independent federal agency tasked with protecting employees’ right to organize.
Kayla Blado, acting director and press secretary for the NLRB, issued a sharp statement to CNN Business in response to Amazon on Friday. “The NLRB is an independent federal agency that Congress has charged with enforcing the National Labor Relations Act. All NLRB enforcement actions against Amazon have been consistent with that Congressional mandate.”
Givan said Amazon’s statement suggests it may not have a clear path to challenging the results through what might be considered a more typical means. “There don’t seem to be challenges based on conduct of the organizers in the campaign or they would’ve come to light by now, and certainly not on the eligibility of the voters or there would’ve been more challenged ballots,” Givan said.
Similarly, Kate Andrias, a labor law professor at Columbia Law School, called it a “very unusual argument,” noting that it appears the company is “hoping to put political pressure on the NLRB in order to have it stand down.”
What’s clear, according to labor experts, is that Amazon isn’t likely to embrace the ALU, which has another election slated to kick off at a sorting facility in Staten Island later this month. And that could prove challenging when the ALU enters a next phase of negotiating a contract.
Givan said that some employers at times attempt to undermine union efforts by making it difficult to achieve a contract, with a process called surface bargaining.
“They’ll try to do the minimum or won’t be serious at the bargaining table. They have a legal obligation to supposedly bargain in good faith, but there’s not many teeth behind [enforcement of that obligation],” Givan said.
While Amazon is legally obligated to begin bargaining in a timely manner, some labor experts noted Amazon may attempt to delay as much as possible and push off negotiations until any possible legal complaints are resolved. According to John Logan, a professor of labor and employment studies at San Francisco State University, some corporations are of the mindset that “you haven’t lost until you sign a contract.”
Given its significance, Amazon is likely to face a great deal scrutiny in how it navigates the coming weeks and months in response to the results of the election.
Where the union push goes next
Within hours of the union victory, the outcome was praised by the White House, advocacy groups and large labor unions, some of which hinted at plans to build on the new momentum to unionize Amazon.
“The Teamsters are excited to continue this fight against Amazon—on the shop floor, at the bargaining table, and on the streets,” said Sean O’Brien, the newly installed general president of the International Brotherhood of Teamsters, in a statement Friday. The Teamsters, which represents some 1.3 million members including UPS workers, voted last year in favor of making Amazon a key priority and helping its workers achieve a union contract.
Liz Shuler, president of American Federation of Labor and Congress of Industrial Organizations, who previously said the organization would help the Teamsters take on Amazon, also praised the Staten Island result. “In the face of one of the richest, most anti-union corporations, today’s victory proves when working people unite in the fight for justice, anything is possible,” Shuler tweeted.
But the Staten Island effort also underscores that an “unconventional” campaign can be victorious, said Logan. As he put it to CNN Business before the votes were tallied, unionizing Amazon will require “something that’s going to take off like wildfire and, to a large extent, going to be worker-led and based on the self-organization of workers.”
ALU, which bootstrapped its union drive largely through donations raised on the crowdfunding website GoFundMe, may inspire precisely that.
Even before the vote, there were signs of labor organizing ramping up in various corners of Amazon’s vast empire. Those included walkouts over wages and workplace conditions at delivery stations in Chicago, an organizing effort underway at an Amazon Fresh store in Seattle and the other ALU-led union election at a Staten Island sorting facility.
At Smalls’ former warehouse on Staten Island, the focus now shifts from the ballot box to the negotiation table. In a press release Saturday, ALU said Smalls has demanded Amazon begin negotiations in early May. “It is our sincere hope that we can begin a constructive dialogue with our employer, and that the process will result in greatly improved working conditions for Amazon workers,” the release said.
In an interview with CNN Business ahead of the election, Smalls ticked off a list of demands the ALU intends to seek from Amazon, including higher wages, job security, better working conditions, longer breaks, making warehouse workers shareholders again, and securing funds to cover the cost of transportation to and from the facility.
“I would never agree to anything that doesn’t benefit us, and I’m talking about us at the bottom, the entry level workers,” said Smalls. “We’re at least a year or more away from even thinking about dues. We have to fight for a contract first.”
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/money/cnn-social-media-technology/2022/04/04/amazon-warehouse-workers-in-new-york-made-history-voting-for-a-union-heres-what-could-happen-next/ | 2022-04-04T20:21:21Z |
NEW YORK, June 3, 2022 /PRNewswire/ -- Concord Acquisition Corp (NYSE: CND) (the "Company") today announced that its board of directors has approved an extension of the period of time the Company has to consummate its initial business combination by six months from June 10, 2022 to December 10, 2022 (the "Extension"), as permitted under the Company's amended and restated certificate of incorporation.
In connection therewith, pursuant to the transaction agreement, dated February 16, 2022, among Circle Internet Financial Limited, a private company limited by shares incorporated in Ireland ("Circle"), the Company and others, Circle is expected to deposit $2,760,000 (the "Extension Payment") into the trust account of the Company for its public stockholders by June 8, 2022, representing $0.10 per public unit sold in the Company's initial public offering, which will enable the Company to effectuate the Extension.
About Concord Acquisition Corp
Concord Acquisition Corp is a special purpose acquisition company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in the financial services or financial technology industries. The Company's sponsor is an affiliate of Atlas Merchant Capital LLC, an investment firm that offers debt and equity investment strategies, seeking long-term value through differentiated expertise in financial services and credit markets. Concord raised $276 million in its initial public offering in December 2020 and is listed on the NYSE under the symbol "CND".
About Circle
Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is the issuer of USD Coin (USDC), one of the fastest growing dollar digital currencies powering always-on internet-native commerce and payments. Today, Circle's transactional services, business accounts, and platform APIs are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity for all through the frictionless exchange of financial value. Additionally, Circle operates SeedInvest, a leading startup fundraising platform in the U.S.
Important Information and Where to Find It
A full description of the proposed transactions (collectively, the "Transactions") is provided in the registration statement on Form S-4 (No. 333-258582) filed with the Securities and Exchange Commission (the "SEC") by the Circle Internet Finance Public Limited Company (the "Combined Entity"), as amended, that includes a proxy statement for the stockholders of the Company that also constitutes a prospectus of the Combined Entity. The Combined Entity, Circle and the Company urge investors, stockholders and other interested persons to read the preliminary proxy statement/prospectus as well as other documents filed with the SEC because these documents will contain important information about the Company, Circle and the Transactions. After the registration statement is declared effective, the definitive proxy statement/prospectus to be included in the registration statement will be mailed to stockholders of the Company as of a record date to be established for voting on the Transactions. Stockholders will also be able to obtain a copy of the proxy statement/prospectus, without charge, by directing a request to: Concord Acquisition Corp, 477 Madison Avenue, 22nd Floor, New York, NY 10022. The preliminary and definitive proxy statement/prospectus to be included in the registration statement can also be obtained, without charge, at the SEC's website (www.sec.gov).
Participants in the Solicitation
The Combined Entity, Circle and the Company and their respective directors and executive officers may be considered participants in the solicitation of proxies with respect to the proposed transactions under the rules of the SEC. Information about the directors and executive officers of the Company is set forth in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2021, which was filed with the SEC on March 4, 2022 (the "2021 Annual Report"). Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the stockholders in connection with the proposed transactions is set forth in the proxy statement/prospectus filed with the SEC. These documents can be obtained free of charge from the sources indicated above.
Non-Solicitation
This communication is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed business combination and shall not constitute an offer to sell or a solicitation of an offer to buy any securities nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements", including with respect to the Extension and the Company's expectation that Circle will make the Extension Payment. Forward-looking statements are subject to numerous risks and conditions, many of which are beyond the control of the Company, including Circle's inability to make the Extension Payment to enable the Company to effectuate the Extension, as well as those set forth in the Risk Factors section of the 2021 Annual Report and in other documents of the Company filed, or to be filed, with the SEC. Copies of these documents are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact:
Concord Acquisition Corp
Jeff Tuder
jeff@tremsoncapital.com
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SOURCE Concord Acquisition Corp | https://www.kxii.com/prnewswire/2022/06/03/concord-acquisition-corp-announces-intention-extend-period-consummate-initial-business-combination/ | 2022-06-03T22:20:03Z |
Olofsson scores go-ahead goal in Sabres 4-3 win over Preds
By JOHN WAWROW
AP Hockey Writer
BUFFALO, N.Y. (AP) — Victor Olofsson scored the go-ahead goal with 5:35 left in the second period, and the Buffalo Sabres extended their point streak to eight games with a 4-3 win over the Nashville Predators. Tage Thompson scored twice, including his Sabres-leading 30th, and Buffalo improved its run to 5-0-3 to continue a late-season surge for a team that’s all but mathematically out of playoff contention. The Predators had a two-game winning streak snapped, and blew an opportunity to gain ground in a tightly contested Western Conference playoff race, in which they control the first of two wild-card spots. | https://localnews8.com/sports/ap-national-sports/2022/04/01/olofsson-scores-go-ahead-goal-in-sabres-4-3-win-over-preds/ | 2022-04-02T03:14:31Z |
Bill Murray speaks out about ‘Being Mortal’ film shutdown, saying ‘I did something I thought was funny, and it wasn’t taken that way’
By Megan Thomas and Chris Boyette, CNN
Actor and comedian Bill Murray addressed the production shutdown of his latest film, “Being Mortal,” in the wake of reports of a complaint against him.
Fox Searchlight told the film crew in an email last month that the film was being shut down due to an unspecified complaint but didn’t confirm Murray was involved, Deadline first reported on April 20.
On Saturday, Murray was attending the Berkshire Hathaway annual shareholder meeting in Omaha, Nebraska. The actor, who’s a shareholder, told CNBC that he had a “difference of opinion” with a woman on the set of “Being Mortal.” But Murray said he was optimistic that he and the woman, whom he didn’t name, could “make peace.”
“We had a difference of opinion; I had a difference of opinion with a woman I’m working with. I did something I thought was funny, and it wasn’t taken that way,” Murray said. “The company, the movie studio wanted to do the right thing. So, they wanted to check it all out and investigate it and so they stopped the production. But as of now we’re talking and we’re trying to make peace with each other.”
The nature of the complaint has not been made public, but Murray said he had been thinking a lot about what happened, and it has been “quite an education” for him, according to the interview he gave CNBC.
“You know what I always thought was funny as a little kid isn’t necessarily the same as what’s funny now. Things change and the times change, so it’s important for me to figure it out,” Murray said. “I think the most important thing is that it’s best for the other person. I thought about and that it’s not best for the other person, doesn’t matter what happens for me. And that gave me a great deal of comfort and relaxation because your brain doesn’t operate well when you’re in the unknown, when you’re thinking like, ‘well, how can I be so…how can I misperceive? How can I be so inaccurate and so insensitive,’ when you think you’re being sensitive to some sensibility that you’ve had for a long time.”
The actor also told CNBC he hopes to work out his differences with the woman and restart production of “Being Mortal.”
“What would make me the happiest would be to put my boots on and for both of us to go back into work and be able to trust each other and work at the work that we both spent a lot of time developing the skill of,” Murray said to CNBC. “And hopefully do something that’s good for more than just the two of us, but for a whole crew of people who are movie makers and the movie studio as well.”
The movie, featuring Bill Murray, Seth Rogen and Keke Palmer, and directed by Aziz Ansari, is based on Atul Gawande’s non-fiction book “Being Mortal: Medicine and What Matters in the End,” according to The Hollywood Reporter.
Ansari wrote the script and was also expected to play a role in the film.
Searchlight Pictures has not responded to multiple requests from CNN for comment.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/national-world/cnn-national/2022/05/01/bill-murray-speaks-out-about-being-mortal-film-shutdown-saying-i-did-something-i-thought-was-funny-and-it-wasnt-taken-that-way-2/ | 2022-05-02T07:06:05Z |
U.S., other APEC delegates walk out on Russian speaker
By GRANT PECK
Associated Press
BANGKOK (AP) — Delegates from the United States and four other nations have staged a walkout when a representative from Russia began his opening remarks at a meeting of trade ministers of the Asia-Pacific Economic Cooperation group in the Thai capital. Officials from the U.S, Japan, Australia, New Zealand and Canada said they acted to protest Russia’s invasion of Ukraine. Western nations have imposed tough diplomatic and economic sanctions on Moscow but many of APEC members especially in Southeast Asia and Latin America have distanced themselves from such moves. The war in Ukraine has raised major trade issues because it has disrupted supply chains, especially in the food sector. The delegates returned after Russia’s Minister for Economic Development Maxim Reshetnikov delivered his remarks. | https://localnews8.com/news/ap-national-business/2022/05/21/u-s-other-apec-delegates-walk-out-on-russian-speaker/ | 2022-05-21T11:54:02Z |
Summer treat? Ketchup-flavored popsicles available in Canada at select pop-up locations
Published: Jun. 23, 2022 at 6:37 PM CDT|Updated: 18 minutes ago
(CNN) - One of the world’s most popular condiments is getting a new gig.
French’s Ketchup is offering a limited-edition ice pop called the “Frenchsicle.”
The ketchup brand said its new treat has a savory tomato flavor balanced with a hint of salty sweetness, and it will be available at pop-up locations in Canada until June 24 at no charge.
The brand created the popsicles with the Canadian ice pop brand Happy Pops.
Previously, French’s also offered mustard ice cream and mustard beer.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.wibw.com/2022/06/23/summer-treat-ketchup-flavored-popsicles-available-canada-select-pop-up-locations/ | 2022-06-23T23:56:36Z |
Did you lose money on investments in Netflix? If so, please visit Netflix, Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your rights.
NEW YORK, May 4, 2022 /PRNewswire/ -- Bernstein Liebhard LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the common stock or call options, or sold put options of Netflix, Inc. ("Netflix" or the "Company") (NASDAQ: NFLX) between October 19, 2021 and April 19, 2022, inclusive (the "Class Period"). The lawsuit was filed in the United States District Court for the Northern District of California and alleges violations of the Securities Exchange Act of 1934.
Netflix primarily operates an entertainment platform that offers TV series, documentaries, feature films, and mobile games across a variety of genres and languages. It also offers a DVD-by-mail service in the U.S.
Plaintiff alleges that throughout the Class Period, Defendants made misleading statements about Netflix's business. Specifically, Plaintiff alleges that Defendants' statements were materially false and misleading when made because: (1) Netflix was exhibiting slower acquisition growth due to, among other things, account sharing by customers and increased competition from other streaming services; (2) the Company was experiencing difficulties retaining customers; (3) the Company was losing subscribers on a net basis; and (4) as a result, the Company's financial results were being adversely affected.
On January 20, 2022, after the market closed, Netflix reported that it "slightly over-forecasted paid net adds in Q4," adding 8.3 million subscribers compared to the 8.5 million forecast. The Company also stated that, despite "healthy" retention and engagement, it only expected to add 2.5 million net subscribers during first quarter 2022, below the 4.0 million net adds in the prior year period. On this news, the Company's stock price fell over 21% to close at $397.50 per share on January 21, 2022.
Then, on April 19, 2022, after the market closed, Netflix reported that it lost 200,000 subscribers during the first quarter of 2022, compared to prior guidance expecting the Company to add 2.5 million net subscribers. The Company cited the slowing revenue growth to four factors, including account sharing and competition with other streaming services.
On this news, the price of Netflix stock declined over 35% to close at $226.19 per share on April 20, 2022.
If you wish to serve as lead plaintiff, you must move the Court no later than July 5, 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 NFLX common stock or call options, or sold put options, and/or would like to discuss your legal rights and options please visit Netflix, 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.wibw.com/prnewswire/2022/05/04/netflix-inc-nasdaq-nflx-shareholder-class-action-alert-bernstein-liebhard-llp-announces-that-securities-class-action-lawsuit-has-been-filed-against-netflix-inc-nasdaq-nflx/ | 2022-05-04T22:30:22Z |
RENO, Nev., Aug. 23, 2022 /PRNewswire/ -- Aspen Alpha Advisors, LLC (AAA), a life settlements manager, recently won a Prequin Award for their management. Their life settlement niche strategy has received a Prequin Award for top performance. Prequin is a market data company that provides financial data and information on the alternative investment space and supports further investment in alternatives.
"We are really proud to receive this award, as Prequin is a stable in the alternative asset data space," says Jordon Trice, managing partner, and investor relations for Aspen Alpha Advisors, LLC. "We are confident we can continue on this trajectory."
Niche strategies are a small part of the overall hedge fund space. AAA's life settlement management is a true alternative for most investors. Being recognized by Prequin holds significant weight because they track the majority of the alternative investment space.
"There are many investment alternatives out there," says Trice, "and the reason people invest in alternatives is because they are looking to be outside the usual stock, bonds, and mutual funds space."
The combined team at AAA has over 30 years of experience in the life settlement industry, from servicing to producing non-market correlated returns for investors. AAA is a pure play life settlement manager focused on returns not correlated to the broader markets, and their management strategy is in the insurance-linked category.
"These strategies are linked to different forms of underlying insurance-related risk, such as life/longevity products, natural catastrophes, or industry loss, with little-to-no correlation to capital markets," says Trice.
Media Contact: Dana Reynolds
Phone: 207-749-3653
Email: dana@musegroupmarketing.com
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SOURCE Aspen Alpha Advisors | https://www.wibw.com/prnewswire/2022/08/23/aspen-alpha-advisors-win-prequin-award/ | 2022-08-23T18:14:24Z |
Ruidiaz, Frei lead Sounders to 1-0 victory over Dynamo
HOUSTON (AP) — Raul Ruidiaz scored in the 28th minute and Stefan Frei made it stand up to lead the Seattle Sounders to a 1-0 victory over the Houston Dynamo. Alex Roldan had an assist on Ruidiaz’s game-winner for the Sounders (4-5-1). Both teams finished the match a man down. Houston lost Adalberto Carrasquilla in the 54th minute after a second yellow card. Roldan exited in the 82nd minute after drawing a second yellow. | https://localnews8.com/sports/ap-national-sports/2022/05/18/ruidiaz-frei-lead-sounders-to-1-0-victory-over-dynamo/ | 2022-05-19T04:44:02Z |
SANTA CRUZ, Calif., June 22, 2022 /PRNewswire/ -- Santa Cruz County Bank (OTCQX:SCZC), with assets over $1.7 billion, is a top-rated community bank headquartered in Santa Cruz County. Today the bank announced that its Board of Directors declared a quarterly cash dividend of $0.11 per share. The dividend is payable on July 11, 2022 to shareholders of record as of the close of business on July 7, 2022.
Chairman William J. Hansen stated, "The Board of Directors of Santa Cruz County Bank are pleased to announce an increase to the quarterly cash dividend paid to our shareholders. The new increased dividend will be $0.11 per share and will be payable on July 11, 2022. We are pleased to reward our investors with a 22% dividend increase."
For the quarter ended March 31, 2022, Santa Cruz County Bank reported $5.4 million in net income, a 15% increase over the prior quarter.
Return on tangible equity was 13.69% for the quarter ended March 31, 2022. The book value per share of Santa Cruz County Bank's common stock at March 31, 2022 was $21.42 an increase of $0.99 from the same period in 2021. Shareholders' equity grew to $182.9 million, a $9.4 million increase compared to the same period in 2021.
Santa Cruz County Bank was founded in 2004. It is a top-rated, locally-owned and operated, full-service community bank headquartered in Santa Cruz, California. The bank has branches located in Aptos, Capitola, Cupertino, Monterey, Santa Cruz, Scotts Valley and Watsonville. Santa Cruz County Bank is distinguished from "big banks" by its relationship-based service, problem-solving focus and direct access to decision makers. The bank is a leading SBA lender in Santa Cruz County and Silicon Valley and a top USDA lender in the state of California. As a full-service bank, Santa Cruz County Bank offers competitive deposit and lending solutions for businesses and individuals; including business loans, lines of credit, commercial real estate financing, construction lending, asset-based lending, agricultural loans, SBA and USDA government guaranteed loans, credit cards, merchant services, remote deposit capture, mobile and online banking, bill payment and treasury management. True to its community roots, Santa Cruz County Bank has supported regional well-being by actively participating in and donating to local not-for-profit organizations. Santa Cruz County Bank stock is publicly traded on the OTCQX marketplace under the symbol SCZC. For more information about Santa Cruz County Bank, visit www.sccountybank.com.
This release may contain forward-looking statements that are subject to risks and uncertainties. Such risks and uncertainties may include but are not necessarily limited to fluctuations in interest rates, inflation, government regulations and general economic conditions, and competition within the business areas in which the Bank is conducting its operations, including the real estate market in California and other factors beyond the Bank's control. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. Readers should not place undue reliance on the forward-looking statements, which reflect management's view only as of the date hereof. The Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.
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SOURCE Santa Cruz County Bank | https://www.kxii.com/prnewswire/2022/06/22/santa-cruz-county-bank-declares-increase-quarterly-cash-dividend-payment-shareholders/ | 2022-06-23T00:55:00Z |
HOUSTON, Aug. 4, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three months ended June 30, 2022.
Second quarter 2022 Highlights
- Net loss, as defined below, of $2.8 million, or $0.21 per share.
- Adjusted net loss, as defined below, of $9.8 million, or $0.72 per share.
- Adjusted EBITDA, as defined below, of $9.2 million, representing an approximate 158% sequential improvement from the first quarter of 2022.
- Adjusted net debt, as defined below, of $158.0 million.
- Marketed fleet utilization of 71%.
- Fully burdened margin of $8,946 per day, representing an approximate 56% sequential improvement from the first quarter of 2022.
In the second quarter of 2022, the Company reported revenues of $42.3 million, a net loss of $2.8 million, or $0.21 per share, adjusted net loss (defined below) of $9.8 million, or $0.72 per share, and adjusted EBITDA (defined below) of $9.2 million. These results compare to revenues of $19.8 million, a net loss of $14.9 million, or $2.22 per share, adjusted net loss of $14.6 million, or $2.18 per share, and adjusted EBITDA loss of $0.4 million in the second quarter of 2021, and revenues of $35.0 million, a net loss of $58.8 million, or $5.20 per share, an adjusted net loss of $11.1 million, or $0.98 per share, and adjusted EBITDA of $3.6 million in the first quarter of 2022.
Chief Executive Officer Anthony Gallegos commented, "I am extremely pleased with our performance during the second quarter, on both a financial and operational front. Sequential margin improvements of 56% drove sequential EBITDA improvements of over 150%. Dayrates for ICD rigs continue to increase with most ICD rigs now set to reprice one to two additional times before year-end. Based on contracts in hand and current spot prices, we expect to see incremental margin per day improvements in the third quarter of approximately 14% and further meaningful improvements in the fourth quarter as well. All of this should drive meaningful EBITDA improvements through the remainder of this year and into 2023.
Operationally, I believe the second quarter was pivotal for ICD. We reactivated our 18th rig on schedule, and on budget, and it has commenced operations in the Haynesville effective August 1, 2022 on a one-year contract with a large independent. Our 19th rig is scheduled to reactivate at the beginning of the fourth quarter and our 20th rig is scheduled to reactivate late in the fourth quarter. We also have begun preparing to reactivate our 21st rig early in the first quarter of 2023. Based upon current spot dayrates for 300 series rigs, all of these rigs should pay back their reactivation costs in one year or less.
But more importantly, we completed all engineering work necessary to convert the significant majority of our 200 series rigs to 300 series specifications with very modest incremental investments of approximately $650,000 per rig. Rigs meeting 300 series specifications are in the shortest supply and command the highest dayrates, and we expect to earn less than one-year paybacks on these conversions based upon dayrate differentials today. These conversions require minimal rig downtime and we plan to execute these conversions as our customer base requires. Today, nine of our ten operating 200 series rigs are eligible for this conversion, and we have already signed two contracts for such conversions in the third and fourth quarters of 2022. In addition, six of our non-marketed rigs are eligible for this conversion, and we have now added two of these rigs to our marketed fleet, increasing our marketed fleet from 24 rigs to 26 rigs.
With this backdrop, I could not be more excited about ICD's strategic positioning in this market dynamic. Our focus on short-term, pad-to-pad contracts is allowing us to quickly convert rapidly improving dayrate momentum into our reported results, and we have now started to build our contractual backlog into 2023. Our overall rig reactivation plan and schedule remains intact, and with our 200-300 series conversion program announced, we have the ability to offer from top to bottom what we believe is one of the most competitive rig fleets in the industry. This is not only driving improved financial performance, but continual high-grading of our customer base. During the second quarter, we added two additional large independents to our customer base, and today, of our 18 operating rigs, approximately 80% are working for public companies or the two largest private operators in the Permian and Haynesville plays."
Quarterly Operational Results
In the second quarter of 2022, operating days increased sequentially by 5% compared to the first quarter of 2022. The Company's marketed fleet operated at 71% utilization and recorded 1,540 revenue days, compared to 1,077 revenue days in the second quarter of 2021, and 1,463 revenue days in the first quarter of 2022.
Operating revenues in the second quarter of 2022 totaled $42.3 million, compared to $19.8 million in the second quarter of 2021 and $35.0 million in the first quarter of 2022. Revenue per day in the second quarter of 2022 was $24,875, compared to $16,514 in the second quarter of 2021 and $21,823 in the first quarter of 2022. The sequential increase quarter over quarter in revenue per day was driven by higher dayrates on contract renewals and reactivated rigs.
Operating costs in the second quarter of 2022 totaled $28.9 million, compared to $17.0 million in the second quarter of 2021 and $27.2 million in first quarter of 2022. Fully burdened operating costs were $15,929 per day in the second quarter of 2022, compared to $13,352 in the second quarter of 2021 and $16,069 in the first quarter of 2022. Sequential decreases in operating costs per day were driven primarily by improved cost absorption, partially offset by higher labor costs associated with increases in field-level wages during the latter part of the second quarter of 2022.
Fully burdened rig operating margins in the second quarter of 2022 were $8,946 per day, compared to $3,162 per day in the second quarter of 2021 and $5,754 per day in the first quarter of 2022. The Company currently expects per day operating margins in the third quarter of 2022 to increase sequentially approximately 14% compared to the second quarter of 2022, driven primarily by favorable dayrate momentum as well as reactivation of the Company's 18th rig.
Selling, general and administrative expenses in the second quarter of 2022 were $4.9 million (including $0.7 million of non-cash compensation), compared to $4.1 million (including $0.9 million of non-cash compensation) in the second quarter of 2021 and $5.2 million (including $1.0 million of non-cash compensation) in the first quarter of 2022. Cash selling, general and administrative expenses continue to remain elevated due to higher recruiting and onboarding expenses.
During the quarter, the Company recorded interest expense of $8.2 million, including $2.0 million, or $0.15 per share, relating to non-cash amortization of debt discount and debt issuance costs. The Company has excluded these non-cash expenses when presenting adjusted net income/loss per share. Following approval of matters submitted to the Company's stockholders at the Company's 2022 Annual Meeting on June 8, 2022, embedded derivative features within the Company's Senior Secured PIK Toggle Convertible Notes due 2026 were deemed extinguished for financial accounting purposes. As a result, during the second quarter of 2022 the Company reclassified the conversion rate feature ($69.2 million) of the derivative liability on its balance sheet to additional paid-in capital and recognized a non-cash gain on the extinguishment of the PIK interest rate feature of $10.8 million. This non-cash gain was excluded when presenting adjusted net income/loss per share.
The Company's forecasted effective tax rate was adjusted during the second quarter of 2022, resulting in tax expense of $2.2 million, or $0.16 per share, compared to a tax benefit during the first quarter of 2022. Of this tax expense, $0.3 million relates to cash taxes, which are attributable to state and local franchise taxes.
Drilling Operations Update
The Company exited the second quarter with 17 rigs operating, with our 18th rig commencing operations August 1, 2022. Overall, the Company's operating rig count averaged 16.9 rigs during the quarter. The Company's backlog of drilling contracts with original terms of six months or longer was $54.3 million as of June 30, 2022. This backlog excludes rigs operating on short term pad-to-pad drilling contracts. Approximately 64% of this backlog is expected to be realized in 2022.
Capital Expenditures and Liquidity Update
Cash outlays for capital expenditures in the second quarter of 2022, net of asset sales and recoveries, were $4.5 million. This included $3.8 million associated with prior period deliveries.
As of June 30, 2022, the Company had cash on hand of $7.3 million, a revolving line of credit with availability of $14.0 million, and $157.5 million principal amount outstanding under its new convertible notes.
During the second quarter of 2022, the Company did not issue any shares of its common stock through its at-the-market ("ATM") offering program.
Conference Call Details
A conference call for investors will be held today, August 4, 2022, at 11:00 a.m. Central Time (12:00 p.m. Eastern Time) to discuss the Company's second quarter 2022 results.
The call can be accessed live over the telephone by dialing (855) 239-3115 or for international callers, (412) 542-4125. 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 8212928. The replay will be available until August 11, 2022.
Interested parties may also listen to a simultaneous webcast of the conference call by logging onto the Company's website at www.icdrilling.com in the Investor Relations section. A replay of the webcast will also be available for approximately 30 days following the call.
Certain Defined Terms
Pad-Optimal, Super-Spec Rig is defined as an AC powered rig with minimum 20,000ft racking capacity, 1500HP+ drawworks, 750,000lb hookload, three high pressure pumps, four engines and omni-directional walking system. Such rigs also include dual fuel, hi-line power and drilling optimization software options.
300 Series Rigs are defined as a Pad-Optimal, Super-Spec rig with the following additional characteristics: 25,000ft+ racking capacity capable, and hi-torque top drive capable.
About Independence Contract Drilling, Inc.
Independence Contract Drilling provides land-based contract drilling services for oil and natural gas producers in the United States. The Company constructs, owns and operates a fleet of pad-optimal ShaleDriller rigs that are specifically engineered and designed to accelerate its clients' production profiles and cash flows from their most technically demanding and economically impactful oil and gas properties. For more information, visit www.icdrilling.com.
Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of the federal securities laws. Words such as "anticipated," "estimated," "expected," "planned," "scheduled," "targeted," "believes," "intends," "objectives," "projects," "strategies" and similar expressions are used to identify such forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements relating to Independence Contract Drilling's operations are based on a number of expectations or assumptions which have been used to develop such information and statements but which may prove to be incorrect. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict, and there can be no assurance that actual outcomes and results will not differ materially from those expected by management of Independence Contract Drilling. For more information concerning factors that could cause actual results to differ materially from those conveyed in the forward-looking statements, please refer to the "Risk Factors" section of the Company's Annual Report on Form 10-K, filed with the SEC and the information included in subsequent amendments and other filings. These forward-looking statements are based on and include the Company's expectations as of the date hereof. Independence Contract Drilling does not undertake any obligation to update or revise such forward-looking statements to reflect events or circumstances that occur, or which Independence Contract Drilling becomes aware of, after the date hereof.
The following table provides various financial and operational data for the Company's operations for the three months ended June 30, 2022 and 2021 and March 31, 2022 and the six months ended June 30, 2022 and 2021. This information contains non-GAAP financial measures of the Company's operating performance. The Company believes this non-GAAP information is useful because it provides a means to evaluate the operating performance of the Company on an ongoing basis using criteria that are used by the Company's management. Additionally, it highlights operating trends and aids analytical comparisons. However, this information has limitations and should not be used as an alternative to operating income (loss) or cash flow performance measures determined in accordance with GAAP, as this information excludes certain costs that may affect the Company's operating performance in future periods.
Non-GAAP Financial Measures
Adjusted net debt, adjusted net (loss) income, EBITDA and adjusted EBITDA are supplemental non-GAAP financial measures that are used by management and external users of the Company's financial statements, such as industry analysts, investors, lenders and rating agencies. In addition, adjusted EBITDA is consistent with how EBITDA is calculated under the Company's credit facility for purposes of determining the Company's compliance with various financial covenants. The Company defines "adjusted net debt" as long-term notes less cash. The Company defines "adjusted net (loss) income" as net (loss) income before: asset impairment, net; gain or loss on disposition of assets, net; amortization of debt discount; amortization of issuance costs; gain or loss on extinguishment of debt; change in fair value of embedded derivative liability, gain on extinguishment of derivative and other adjustments. The Company defines "EBITDA" as earnings (or loss) before interest, taxes, depreciation and amortization, and asset impairment, net and the Company defines "adjusted EBITDA" as EBITDA before stock-based compensation, gain or loss on disposition of assets, gain or loss on extinguishment of debt, gain on extinguishment of derivative and other non-recurring items added back to, or subtracted from, net income for purposes of calculating EBITDA under the Company's credit facilities. Neither adjusted net (loss) income, EBITDA or adjusted EBITDA is a measure of net income as determined by U.S. generally accepted accounting principles ("GAAP").
Management believes adjusted net debt, adjusted net (loss) income, EBITDA and adjusted EBITDA are useful because they allow the Company's stockholders to more effectively evaluate the Company's operating performance and compliance with various financial covenants under the Company's credit facility and compare the results of the Company's operations from period to period and against the Company's peers without regard to the Company's financing methods or capital structure or non-recurring, non-cash transactions. The Company excludes the items listed above from net income (loss) in calculating adjusted net (loss) income, EBITDA and adjusted EBITDA because these amounts can vary substantially from company to company within the Company's industry depending upon accounting methods and book values of assets, capital structures and the method by which the assets were acquired. None of adjusted net (loss) income, EBITDA or adjusted EBITDA should be considered an alternative to, or more meaningful than, net income (loss), the most closely comparable financial measure calculated in accordance with GAAP, or as an indicator of the Company's operating performance or liquidity. Certain items excluded from adjusted net (loss) income, EBITDA and adjusted EBITDA are significant components in understanding and assessing a company's financial performance, such as a company's return on assets, cost of capital and tax structure. The Company's presentation of adjusted net debt, adjusted net (loss) income, EBITDA and adjusted EBITDA should not be construed as an inference that the Company's results will be unaffected by unusual or non-recurring items. The Company's computations of adjusted net debt, adjusted net (loss) income, EBITDA and adjusted EBITDA may not be comparable to other similarly titled measures of other companies.
INVESTOR CONTACTS:
Independence Contract Drilling, Inc.
E-mail inquiries to: Investor.relations@icdrilling.com
Phone inquiries: (281) 598-1211
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SOURCE Independence Contract Drilling, Inc. | https://www.mysuncoast.com/prnewswire/2022/08/04/independence-contract-drilling-inc-reports-unaudited-financial-results-second-quarter-ended-june-30-2022-announces-initiation-200-series-to-300-series-conversion-program-increase-marketed-rigs-24-26/ | 2022-08-04T12:02:04Z |
(NewsNation) — As COVID–19 heath guidance eases, Apple’s three-day-a-week return to the office plan illustrates the growing number of tech giants calling for an end to work-from-home policies.
Tesla CEO Elon Musk told his staff they can “pretend to work somewhere else” following leaked emails ending that company’s remote work policy.
Similarly, Amazon updated its sick leave policies in a leaked memo, ending COVID-specific contact tracing measures in most warehouses.
But does it help companies to demand employees return to office?
“There’s a confidence bias called the proximity bias — a dangerous judgment error where managers and others perceive that those who are near them are more valuable,” Dr. Gleb Tsipursky, explained to NewsNation’s “Rush Hour” on Thursday.
Tsipursky is CEO of Disaster Avoidance Experts — a boutique consulting, coaching and training firm that empowers leaders and organizations to avoid business disasters.
“The more time you spend working remotely, the more time you’ll have to work more productively,” Tsipursky said.
In a recent poll, Fortune Forum — a Salesforce-owned Slack Technologies Inc. research platform — found that workers who are in cubicles Monday through Friday say they’re much less satisfied with their job compared with peers with more flexible arrangements.
“They found that the people who were in the office had 35% worse retention. You get a lot more emplyees leaving if they are forced to come into the office and the people who are working more time remotely have higher productivity,” Tsipursky said.
According to Bloomberg, 46 percent of white-collar U.S. workers have a hybrid work schedule.
Additionally, Apple CEO Tim Cook tells employees they are expected to be in the office Tuesdays and Thursdays, with teams choosing a third day that works best for them.
Meanwhile Meta has a different take, electing to keep a work from anywhere policy.
The idea of water cooler talks and impromptu meetings entices employers, but demand for labor is at a high, so workers may have leverage in seeking to retain the right to work remotely, at least part of the time. | https://cw33.com/news/nexstar-media-wire/tech-companies-weigh-work-from-home-options/ | 2022-08-19T14:35:03Z |
(The Hill) – The more infectious BA.5 omicron subvariant now makes up almost 80 percent of new COVID-19 cases in the U.S., as case rates continue to trend upward.
About 78 percent of coronavirus cases in the U.S. are caused by the BA.5 subvariant, according to the most recent data from the Centers for Disease Control and Prevention (CDC).
The rise of BA.5 has spurred concerns over its enhanced ability to evade protection given by vaccines and prior infections from other variants. Currently available vaccines are still believed to be effective in reducing the risk of hospitalizations and deaths from BA.5, but the shot’s ability to prevent infection is thought to be less potent against this subvariant.
President Biden, 79, on Thursday announced that he had tested positive for COVID-19 for the first time. He is fully vaccinated with two additional booster doses.
BA.5 became the dominant subvariant in the U.S. earlier this month, surpassing BA.2.12.1. The BA.4 omicron subvariant is the second most prevalent with 12.8 percent of cases originating from the pathogen, while the BA.2.12.1 subvariant now accounts for only 8.6 percent.
As BA.5 has grown in prevalence, the rate of COVID-19 infections has steadily begun to rise again. The case rate had stagnated for several weeks, with the seven-day moving average for daily cases hovering around 100,000 for much of June.
This metric began to trend up beginning in July and now stands at about 126,000.
While vaccine makers like Pizer and Moderna say they are working on an updated vaccine that specifically targets BA.5, some health experts say that a new subvariant could be dominant by the time the updated dose is ready.
This has led calls to fund the development of the next generation fo COVID-19 vaccines, including a possible “pan-coronavirus” vaccine that would be “variant proof.”
“It’s essential that we get more resources, or we’re not going to meet the challenge that’s inevitable,” Anthony Fauci, President Biden’s chief medical adviser, said earlier this week.
“We need the next generation of vaccines, particularly mucosally administered vaccines that would do much better.” | https://cw33.com/news/nexstar-media-wire/ba-5-now-makes-up-nearly-80-percent-of-new-covid-cases-cdc/ | 2022-07-21T18:58:23Z |
- Green Acre to invest an additional US$6 million into Joint Venture to distribute Cannabis in the United States with an initial focus on California fulfilling its rights under the previously announced joint venture.
- The Joint Venture and its resulting formation agreements are part of the previously announced Private Placement with Green Acre.
- Green Acre's investment has been funded by an option agreement with Johnson Brothers, a leading wine, spirits, and beer distributor.
- Funds will be used to accelerate Humble's expansion of cannabis distribution operations in California.
TORONTO, Sept. 13, 2022 /PRNewswire/ - Humble & Fume Inc. (CSE: HMBL) (OTCQX: HUMBF) ("Humble" or the "Company"), a leading North American distributor of cannabis and cannabis accessories, announced today that, further to the Company's press releases of November 15, 2021, and April 25, 2022, it formed HC Solutions Holdings Inc., a Joint Venture ("JV") with Green Acre Capital Distribution Corp. ("Green Acre"), for the purpose of distribution of cannabis, initially focused on accelerating the Company's expansion into cannabis distribution operations throughout the United States in California. Subsequent to the formation of the JV, Green Acre previously completed a US$2 million investment directly in the JV and is now investing a further US$6 million into the JV to increase its ownership interest to 45%. Green Acre has funded its investment through an option agreement with Johnson Brothers, a leading wine, spirits, and beer distributor in the United States. Further information on the JV, Green Acre and Johnson Brothers is set out in the Company's November 15, 2021, and April 25, 2022 press releases.
"This additional investment by Johnson Brothers, through their Green Acre option agreement, is part of their ongoing commitment to our expansion efforts into the United States. Johnson Brothers is known for their operational expertise in the distribution of beverage alcohol in the United States," said Joel Toguri, Chief Executive Officer of Humble. "We are ahead of schedule in executing our growth strategy, which includes enhancing our sales capabilities and forging stronger relationships with our brand and retail partners, such as Cookies. As our business evolves and expands, we focus on sustainable profit generation and positive cash flow to deliver long-term shareholder value."
"Johnson Brothers is committed to the future of Humble & Fume and its expansion strategy of cannabis distribution operations in the U.S. states where it's allowed," said Mark Hubler, CEO and President of Johnson Brothers. "Securing a long-term distribution deal with the industry's leading brand Cookies is proof of their ability to build meaningful relationships with top cannabis brands and to build long-term value in the United States."
Humble brings an integrated approach to the sales and distribution market in the California cannabis market. California is currently one of the largest adult-use markets globally, worth approximately US$4.4 billion and expected to double over the next 10 years1. With over 6,000 cultivators and over 700 retailers, Humble believes that cannabis brands are looking for new and innovative ways to support ambitious sales targets and build strong retail relationships and brand awareness directly with consumers2.
As a result of the US$6 million investment described above, a further agreement was entered into among Humble, Green Acre, and Humble's primary lender (the "Lender") who recently provided Humble a $2 million secured credit facility (as announced on September 9, 2022). The parties agreed that, in the event of a default by Humble of its obligations under the credit facility, Green Acre would have the option to acquire all of Humble's interest in the JV and the Lender would release its security in that interest in exchange for payment in full by Green Acre, on behalf Humble, of all amounts owing under the credit facility. In addition, in that circumstance, Green Acre would also tender back to Humble all shares of Humble owned by Green Acre.
1 Source: BDS Analytics
2 Source: Bureau of Cannabis Control
About Humble & Fume Inc.
Humble & Fume Inc. is a leading North American distributor of cannabis and cannabis accessories, supported by a customer-centric sales team and a strong fulfillment infrastructure. As the only fully integrated cannabis distribution solution, Humble bridges the gap for retailers, licensed cannabis producers, multi-state operators, and cannabis consumers to maximize sales penetration, and increase financial performance. With over 20 years of North American operating experience, Humble has cultivated extensive vendor and customer relationships, distributing premium cannabis consumables and consumption devices.
About Johnson Brothers
Johnson Brothers Liquor Company is a family-owned wine, spirits, and beer distributor with headquarters in St. Paul, Minnesota. The company has been servicing its customers throughout the United States since 1953. To learn more about their story, services, and locations, please visit www.johnsonbrothers.com.
Forward-Looking Information and Statements
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to, the Company's assessment of the cannabis market in the United States generally and specifically, the state of California, and the expected results for brand partners of the Company. Any such forward-looking statements may be identified by words such as "expects", "anticipates", "intends", "contemplates", "believes", "projects", "plans" and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. Statements about, among other things, the potential for Johnson Brothers, through Green Acre, to increase its ownership percentage in the JV, the potential impact on brands that engage Humble for their distribution and / or sales agency and the future of the cannabis industry in California and across the United States, including the anticipated ongoing consumer demand, are all forward-looking information. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that such forward-looking statements will occur as described herein. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances or actual results unless required by applicable law. Readers are encouraged to refer to the Company's disclosure available on its SEDAR profile (at www.sedar.com) for information as to the risks and other factors which may effect the Company's business objectives and strategic plans.
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SOURCE Humble & Fume Inc. | https://www.wibw.com/prnewswire/2022/09/13/green-acre-capital-distribution-corp-makes-an-additional-investment-us6-million-increasing-its-interest-us-distribution-joint-venture-45/ | 2022-09-13T16:08:49Z |
Cracked Egg Cafe requiring a $5 priority reservation fee to curb no-shows on Mother's Day
PLAIN TWP. – A Stark County restaurant is requiring patrons to pay $5 upfront for priority reservations on Mother's Day, hoping to curb no-shows.
Cracked Egg Cafe at 3110 Whipple Ave. NW will credit the fee to the final bill but retains the $5 if a patron does not cancel and misses the reservation.
Restaurant owner and founder Zack Manley said the priority reservation comes with flowers, chocolate strawberries and a small gift for mothers — and no wait.
Feast Awards:Highlighting 17 of Stark County's Best Restaurants
The restaurant will still accept free reservations minus the Mother's Day special gifts. Manley said similar plans are planned for Father's Day and other occasions.
He said there will be 230 reservations available for the special day; at least 47 patrons have paid the $5 to secure priority reservations, as of Tuesday.
He said the charge will be refunded if a patron notifies the restaurant and cancels a reservation. The charge will apply only if the patron doesn't show up.
"It's not about the money," Manley said. "It's making sure that (customers) are committed. We credit the $5 back on their bill."
Business:Gervasi Vineyard adding The Spa and tasting room
No-show fees are common
The no-show fee or reservation deposit may seem like a new concept. It is not.
They are common in major cities, like Columbus and Philadelphia, where some restaurants charge $20 to $40 a person — just to reserve a table with no extra benefits, according to a 2021 article on TouchBistro.com.
The fees are meant to curb diners from reserving a table and not showing up, a trend that has worsened over the past couple years, Manley said.
He said diners would reserve tables with three or four different restaurants to have options.
Manley said he didn't require deposits for last year's Mother's Day reservations. Almost half of the 87 reservations ended up as no-shows, he said.
"It becomes a big hit on revenue, kind of throws the restaurant out of sync ... and there are labor variables," he said.
Scott Swaldo, chief executive officer and general manager for Gervasi Vineyard in Canton and The Twisted Olive in Green, agreed.
"Many people don't realize they are not just impacting the business when they no-show but impacting the income of service staff waiting to take care of them," he said.
Reserving with credit cards
Gervasi and Twisted Olive does not require patrons to put down a deposit to reserve a table but both require a credit card on file with select dates or tables sizes.
Unlike a reservation deposit, no one is charged upfront to hold a table with a credit card. Swaldo said the charge would come after a patron does not show or cancels inside two days.
"It serves as a very effective deterrent to people no showing or canceling at the last minute which has become a very prevalent problem for us," he said.
Swaldo added: "We don't want cancellation revenue. We just want to avoid empty seats for our staff and us that could have been filled with guests we've otherwise turned away."
Reach Benjamin Duer at 330-580-8567 or ben.duer@cantonrep.com
Follow on Twitter @bduerREP | https://www.cantonrep.com/story/lifestyle/food/2022/04/28/mothers-day-priority-reservations-fee-2022-cracked-egg-cafe/9538528002/ | 2022-04-28T09:19:06Z |
HOUSTON, July 11, 2022 /PRNewswire/ -- Talos Energy Inc. (NYSE: TALO) ("Talos" or the "Company") today announced that Robin Fielder will participate in a one-on-one fireside chat with Jeff Robertson of Water Tower Research. The fireside chat will be broadcast live on July 13, 2022 at 10:00 AM Central Time and will focus on the Company's carbon capture and sequestration business, Talos Low Carbon Solutions. The session is expected to run for approximately 30-60 minutes and is open to all individuals who register.
Investors who are interested in listening may register through Water Tower Research using the following link: https://us06web.zoom.us/webinar/register/WN_qOvuO9aSQESASBrEX0GT4Q.
ABOUT TALOS ENERGY
Talos Energy (NYSE: TALO) is a technically driven independent exploration and production company focused on safely and efficiently maximizing long-term value through its operations, currently in the United States and offshore Mexico, both upstream through oil and gas exploration and production and downstream through the development of future carbon capture and storage opportunities. As one of the Gulf of Mexico's largest public independent producers, we leverage decades of technical and offshore operational expertise towards the acquisition, exploration and development of assets in key geological trends that are present in many offshore basins around the world. With a focus on environmental stewardship, we are also utilizing our expertise to explore opportunities to reduce industrial emissions through our carbon capture and storage initiatives along the U.S. Gulf Coast and Gulf of Mexico. For more information, visit www.talosenergy.com.
TALOS ENERGY INVESTOR RELATIONS CONTACT
Sergio Maiworm
+1.713.328.3008
investor@talosenergy.com
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SOURCE Talos Energy | https://www.mysuncoast.com/prnewswire/2022/07/11/talos-energy-executive-vice-president-low-carbon-strategy-chief-sustainability-officer-robin-fielder-participate-one-on-one-fireside-chat-with-jeff-robertson-water-tower-research/ | 2022-07-11T22:26:03Z |
Conference call to be held on Monday, May 2, 2022, at 8:30 a.m. Eastern Time
YOKNEAM, Israel, April 11, 2022 /PRNewswire/ -- InMode Ltd. (Nasdaq: INMD), a leading global provider of innovative medical technologies, announced today that it expects to release its financial results for the first quarter of 2022 before the Nasdaq market opens on Monday, May 2, 2022.
InMode is currently finalizing its financial results for the three months ended March 31, 2022. While complete financial information and operating data are not yet available, set forth below are certain preliminary results of InMode's financial results for such period, subject to final adjustments and other developments that may arise between now and the time such financial results are finalized. Based on preliminary results, management expects:
- Revenue for the first quarter of 2022 in the range of $85.0 million to $85.5 million
- Non-GAAP earnings1 per diluted share for the first quarter of 2022 in the range of $0.38 to $0.39
- Non-GAAP gross margin for the first quarter of 2022 in the range of 83% to 84%
"Our results in the first quarter of 2022 reflect the continued growth and demand for our minimal invasive solutions as well as the successful endorsement of our recently launched women health platform. Despite pressures from new Covid-19 variants and supply chain challenges, we're able to ensure a productive manufacturing facility and meet expected delivery times. The growing number of treatments in the U.S. and globally increased the sales of consumables, that consistently reach new records every quarter," commented Moshe Mizrahy, InMode's CEO.
Members of InMode's management team will host a conference call to discuss the first quarter of 2022 financial results on Monday, May 2, 2022, at 8:30 a.m. Eastern Time. Participants will include Moshe Mizrahy, Chairman and Chief Executive Officer; Dr. Michael Kreindel, co-founder and Chief Technology Officer; Yair Malca, Chief Financial Officer; Shakil Lakhani, President of North America; and Dr. Spero Theodorou, Chief Medical Officer.
1Please refer to "Use of Non-GAAP Financial Measures" below for important information about non-GAAP financial measures. Non-GAAP results exclude share-based compensation.
The Company encourages participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10164856/f208c6bfa8. Callers will receive a unique dial-in upon registration, which enables immediate access on the day of the call. Participants may pre-register at any time, including up to and after the call start time.
For callers that opt out of pre-registration, please dial one of the following teleconferencing numbers. Please begin by placing your call 10 minutes before the conference call commences. If you are unable to connect using the toll-free number, please try the international dial-in number.
U.S. Toll-Free: 1-833-316-0562
Israel Toll-Free: 1-80-921-2373
International: 1-412-317-5736
Webcast URL: https://services.choruscall.com/mediaframe/webcast.html?webcastid=f0uVBy8O
At:
8:30 a.m. Eastern Time
5:30 a.m. Pacific Time
3:30 p.m. Israel Time
The conference call will also be webcast live from a link on InMode's website at https://inmodemd.com/investors/events-presentations/. A replay of the conference call will be available from May 2, 2022, at 12:00 p.m. Eastern Time to May 16, 2022, at 11:59 p.m. Eastern Time. To access the replay, please dial one of the following numbers:
Replay U.S. TOLL-FREE: 1-877-344-7529
Replay TOLL/INTERNATIONAL: 1-412-317-0088
Replay Pin Number: 4639678
A replay will also be available for 90 days on InMode's website at: https://inmodemd.com/investors/events-presentations/.
About InMode
InMode is a leading global provider of innovative medical technologies. InMode develops, manufactures, and markets devices harnessing novel radio frequency ("RF") technology. InMode strives to enable new emerging surgical procedures as well as improve existing treatments. InMode has leveraged its medically accepted minimally invasive RF technologies to offer a comprehensive line of products across several categories for plastic surgery, gynecology, dermatology, otolaryngology, and ophthalmology. For more information about InMode, please visit www.inmodemd.com.
Forward-Looking Statements
The information in this press release includes forward-looking statements within the meaning of the federal securities laws. These statements generally relate to future events or InMode's future financial or operating performance. Actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. In some cases, you can identify these statements because they contain words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "predict," "project," "will," "would" and similar expressions that concern our expectations, strategy plans or intentions. Forward-looking statements are based on management's current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict, including with respect to the impact of the COVID-19 global outbreak. Consequently, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in InMode's Annual Report on Form 20-F filed with the Securities and Exchange Commission on February 10, 2022, risk factors relating to the COVID-19 global outbreak and our future public filings. InMode undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which pertain only as of the date of this press release.
Use of Non-GAAP Financial Measures
This release includes an estimate of InMode's expected non-GAAP earnings per diluted share for the first quarter of 2022. Because this financial measure is used in InMode's internal analysis of financial and operating performance, management believes that it provides greater transparency to investors of management's view of InMode's economic performance. Management also believes the presentation of this measure allows investors to more effectively evaluate and compare the performance of InMode to that of its peers, although InMode's presentation of this non-GAAP measure may not be comparable to other similarly titled measures of other companies. InMode has not provided a reconciliation of non-GAAP earnings per diluted share to the corresponding GAAP financial measure on a forward-looking basis due to the potential variability, limited visibility and unpredictability. See "Forward-Looking Statements" for additional information.
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SOURCE InMode Ltd. | https://www.kxii.com/prnewswire/2022/04/11/inmode-expects-first-quarter-2022-revenue-between-850-855m-non-gaap-earnings-per-diluted-share-between-038-039/ | 2022-04-11T13:17:05Z |
Mother pleads guilty to abandoning 5-year-old nonverbal son with autism
CINCINNATI (WXIX/Gray News) - An Indiana woman pleaded guilty to child endangerment Monday for abandoning her 5-year-old nonverbal son with autism in Colerain Township, Ohio, earlier this year.
Heather Adkins, 33, was indicted in March on kidnapping and endangering children charges that could have put her in prison for a maximum of 11 years.
But now, in exchange for the plea deal, the kidnapping charge was dropped and she faces a sentence of five years probation to three years in prison.
She is scheduled to be sentenced at 8:30 a.m. on Sept. 28 before Hamilton County Common Pleas Court Judge Jennifer Branch.
Adkins drove from Indiana to Tennessee in February to drop off two of her three children with a friend and then abandoned her son on the way back in Colerain Township, according to Hamilton County Prosecutor Joe Deters.
She drove to Copper Creek Lane on Feb. 17 and “basically kicked the kid out of the car,” Deters has said.
The boy was left in the pouring rain on a cold night on a road without sidewalks, according to Deters.
Passing motorists spotted the soaking wet child and called 911 around 9 p.m., according to court documents and recordings of 911 calls.
“It’s heartbreaking,” Deters said back in March when Adkins was indicted, ”to imagine what this nonverbal, 5-year-old boy went through. I’m certain he was confused and hurt. His mother, being the person with whom he totally depended upon, dumps him on a dangerous road - in the pouring rain - to fend for himself, 70 miles from his home.”
Once the boy was in the care of the police, they shared his photo with WXIX and other media, asking for help to find his family.
Shelbyville residents saw the photos and recognized the child as Martin Thomas Adkins.
The boy’s mother was arrested in Kentucky two days later on an unrelated outstanding warrant.
She initially claimed in a jailhouse interview that she left her son with a friend and did not abandon him.
“I didn’t. That’s why he was left there, and I’m to go back there, so he knows that I never left him. It’s just going to take a long time for him to trust me again and for me to trust myself as well,” she said.
Her story changed several times as she spoke with WXIX from the jail in Georgetown on Feb. 20.
She even claimed at one point she never left him in Colerain Township, saying he was with his brothers at her friend’s house in Tennessee.
Adkins eventually admitted she left her son alone:
“No, I didn’t leave him with anyone. I knew I would be forgiven. It would take a long time. I just had to be able to get rid of one last demon. All the burdens that I’ve carried for all these years that were never meant to be mine.”
Copyright 2022 WXIX via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/09/18/mother-pleads-guilty-abandoning-5-year-old-nonverbal-son-with-autism/ | 2022-09-18T22:13:35Z |
LOS GATOS, Calif., Aug. 4, 2022 /PRNewswire/ -- RiverMeadow Software Inc., a leading provider of Cloud Migration and Disaster Recovery Software and Services, announced today that it had added a new capability to its market-leading Cloud Migration Platform. Customers can now carry out VM-based or OS-based migrations to Amazon Web Services (AWS) or VMC. RiverMeadow is the only Cloud Migration Platform in the market to offer customers this choice of how they migrate to AWS or VMC.
"Migrating existing workloads at a VM level is easier, less risky and more cost-effective for customers looking to move to AWS or VMC," states Jim Jordan, President and CEO of RiverMeadow."RiverMeadow's platform is about flexibility and value-add. The flexibility of how you migrate (VM or OS), where you migrate to (AWS or VMC) and more value-add by providing advanced capability like OS Modernization to enhance customers migration journey."
A better, more flexible way to Migrate to AWS!
RiverMeadow's new Migrate by VM capability gives you a better, faster and safer way to carry out mass migrations to AWS. No agents are required! No source credentials. Be up and migrating in hours vs days or weeks.
Key benefits of RiverMeadow's Cloud Migration Platform include:
- Flexibility of Migration:
- Ease of Deployment - The Platform set can be instantiated and ready for migration inside an hour
- Flexibility of Deployment - SaaS or local deployment (in choice of public cloud hypervisor or on premise)
- Speed of Migrations - Designed with the principles of speed and accuracy of migrations
- OS Modernization - Retire legacy Operating Systems as you migrate; the only automated modernization technology endorsed by Microsoft for Windows OS upgrades
- Multi-Cloud - Single Pane of Glass to handle all migration efforts to any private or public cloud
- Data Only Migration - Decouples data from the OS
- VDI Migration
- Integrated Disaster Recovery – Migrate and Protect workloads
About RiverMeadow:
RiverMeadow provides a broad range of fixed-price Multi-Cloud Migration and Disaster Recovery Services and Product Capability to dramatically reduce the time, cost and risk of moving physical, virtual and cloud-based workloads into and between public or private clouds.
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SOURCE RiverMeadow Software Inc. | https://www.wibw.com/prnewswire/2022/08/04/rivermeadow-announces-better-more-flexible-way-migrate-existing-workloads-onto-aws/ | 2022-08-04T14:54:24Z |
Moscow says US must respect Russian law in Griner case
MOSCOW (AP) — The spokesperson for Russia’s Foreign Ministry lashed out Thursday at the United States characterizing basketball star Brittney Griner’s jailing on drug charges as “wrongful detention,” saying it shows disrespect for Russian law.
Griner has been jailed since she was arrested in mid-February at a Moscow airport after vape canisters containing cannabis oil were found in her luggage. The Phoenix Mercury standout and two-time Olympic gold medalist acknowledged in court this month that she had the canisters, but said she had no intent to break the law.
She faces up to 10 years in prison if convicted. Her trial is scheduled to resume Tuesday.
The State Department in May designated Griner as wrongfully detained, moving her case under the supervision of its special presidential envoy for hostage affairs - effectively, the government’s chief hostage negotiator.
Russian Foreign Ministry spokeswoman Maria Zakharova said Thursday that the legalization of cannabis for medical and recreational use in parts of the U.S. has no bearing on what happens in Russia.
“If a U.S. citizen was taken in connection with the fact that she was smuggling drugs, and she does not deny this, then this should be commensurate with our Russian, local laws, and not with those adopted in San Francisco, New York and Washington,” Zakharova said.
“You understand, if drugs are legalized in the United States, in a number of states, and this is done for a long time, and now the whole country will become drug-addicted, this does not mean that all other countries are following the same path,” she added.
Russian media have persistently speculated that Griner could be exchanged for prominent Russian arms trader Viktor Bout, who is imprisoned in the United States, and that Paul Whelan, an American imprisoned in Russia for espionage, may also figure in an exchange.
U.S. officials have not commented on the prospects for such a trade. Russian officials have said no exchange could be discussed until the conclusion of the legal proceedings against Griner. It is unclear how long the trial will last, but a court has authorized Griner’s detention until Dec. 20.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/07/21/moscow-says-us-must-respect-russian-law-griner-case/ | 2022-07-21T12:39:25Z |
CAUGHT ON CAMERA: Airborne shark lands on teen fishing in boat
ST. GEORGE, Maine (WGME) - It’s a fish tale you must see to believe: A mako shark jumped onto a fishing boat off the coast of Maine, and it was caught on camera.
David Sinclair runs Sea Ventures charters out of Saint George, taking clients out to fish for sharks that they then get to see up close and help tag.
His 16-year-old grandson, Cameron Sinclair, is his first mate.
“I believe I caught my first shark when I was 4 years old,” Cameron said.
They mostly encounter blue sharks, but 15 to 20 miles out to sea on one August day, it was a 7-foot mako.
“All of a sudden something took the bait,” Cameron said. “Really big, really fast, and he jumped. We knew he was a mako instantly.”
“It’s on a fishing line with a young man, 16-year-old guy, turning the rod, having fun fighting it,” David Sinclair said. “And it jumped four times before it got to the boat, and the next thing we knew he fell out of the sky and landed in the boat.”
The moment was captured by the angler’s dad, who was up on the bridge with his camera.
“All of a sudden here he is right here in my face, and he hits me with his tail right on my left cheek and lands maybe three feet from my left foot.” Cameron said.
David Sinclair says makos are fast fish with big teeth.
“Everybody scrambled, and I just held my breath,” he said. “I thought, ‘Boy, injuries are a high possibility.’ Not a scratch on anybody; the shark was not injured.”
With everyone all right, he says they took some measurements, tagged the shark then released it through the transom door.
“Just awe inspiring to see the power of a fish like that and be able handle it safely and kick him out,” David Sinclair said.
A rather routine ending to an unforgettable fishing trip.
“Seeing one right here in my face falling out of the sky was pretty impressive,” Cameron said.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.kxii.com/2022/09/14/caught-camera-airborne-shark-lands-teen-fishing-boat/ | 2022-09-14T17:11:29Z |
New mobile tool connects clients to finances anywhere, anytime
ROCKVILLE, Md., May 23, 2022 /PRNewswire/ -- XML Financial Group (XML), an independent wealth and investment management firm with offices in Maryland, Virginia and Colorado, has launched the firm's first-ever client wealth management app.
This new native channel for clients and prospects allows users to view their finances anywhere they have an internet connection. They can explore firm podcasts, webinars, blogs and other resources while receiving real-time push notifications and alerts from XML as new events and content become available.
The app is now available on Android and iOS.
"We're focused on offering more comprehensive services to better engage with our clients, and we hope they find this new platform helpful in accessing their accounts and gaining valuable financial planning and market insights from our team," said Brett Bernstein, CEO and Co-Founder of XML. "We're glad to be able to offer this new app, something which few other financial advisors offer."
XML and its affiliated broker-dealer, XML Securities, LLC, member FINRA/SIPC, manage approximately $3 billion in client assets.
About XML Financial Group
XML Financial Group ("XML") is an independent wealth and investment management firm headquartered in Rockville, Maryland. XML offers a suite of wealth and investment management services to high-net-worth individuals, businesses and families located across the country. For more information about XML, please visit www.xmlfg.com.
Media Contact:
Jay Scott
jscott@gavinadv.com
484-695-3774
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SOURCE XML Financial Group | https://www.mysuncoast.com/prnewswire/2022/05/23/xml-financial-group-launches-client-wealth-management-app/ | 2022-05-23T15:35:06Z |
Users acheive 80% faster Salesforce releases with Opsera's open and flexible no-code platform
SAN FRANCISCO, June 29, 2022 /PRNewswire/ -- Opsera, the Continuous Orchestration platform for DevOps, announces it is on the Salesforce AppExchange to help enterprise customers shorten software delivery cycles, improve pipeline quality and security, lower operations costs and better align software delivery to business outcomes. With Opsera's no code Salesforce DevOps platform, enterprises are able to accelerate their Salesforce deployments by 80%.
Opsera is currently available on the AppExchange at: https://appexchange.salesforce.com/appxListingDetail?listingId=a0N3u00000PGa51EAD
Opsera offers native Salesforce CI/CD release automation, which offers fast, flexible and safe continuous delivery with no coding and minimal upskilling required. Opsera takes the pain out of branch merges and synchronizing Salesforce organizations while ensuring security, quality and compliance are improved in the process. User-specific dashboards give IT teams clear deployment reports, comprehensive logs, and metrics from a single pane of glass, allowing everyone across the organization to monitor everything from troubleshooting to release velocity tracking. Enterprises can tap into the power of Salesforce without spending cycles on endless deployments – Opsera increases developer productivity by 25%.
"With Opsera, customers can keep pace with modern SaaS DevOps practices," said Patrick Boyle, Vice President of Global Sales at Opsera. "Software delivery teams need tools to automate and improve the quality and security of their Salesforce deployments. With Opsera, there's no more vendor lock-in or limited tool choices. Our open, no-code platform breaks down silos and simplifies pipelines across the organization to get unmatched Salesforce release management and scale for all business apps."
Schedule a demo to see the Opsera platform in action: https://www.opsera.io/schedule-a-demo
Opsera is the first Continuous Orchestration platform for next-gen DevOps that enables choice, automation, and intelligence across the entire software life cycle. It offers simple, self-service toolchain integrations, drag-and-drop pipelines, and unified insights. With Continuous Orchestration, development teams can use the tools they want, operations teams gain improved efficiency, and business leaders have unparalleled visibility. Opsera believes DevOps has transformed from an aspiration to a practical science, and Continuous Orchestration is the future to help organizations accelerate DevOps adoption and reach peak innovation velocity.
Contact:
Olivia Heel
Catapult PR
oheel@catapultpr-ir.com
303-521-5049
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SOURCE Opsera | https://www.wibw.com/prnewswire/2022/06/29/opsera-now-available-salesforce-appexchange-worlds-leading-enterprise-cloud-marketplace/ | 2022-06-29T16:42:04Z |
U.S. judge: Withdrawal of bistate grouse listing was illegal
By SCOTT SONNER
Associated Press
RENO, Nev. (AP) — A federal judge has ruled that the Trump administration illegally withdrew an earlier proposal to list of the the bi-state sage grouse as a threatened species along the California-Nevada line in 2020.
It’s the latest development in the on-again, off-again protection of the cousin of the greater sage grouse under the Endangered Species Act over the past two decades.
Greater sage grouse live in 12 western states, including California and Nevada. Bistate grouse are found only along the Sierra’s eastern front. Threats to the survival of both include urbanization, livestock grazing and wildfires.
U.S. District Judge Jacqueline Scott Corley in San Francisco said Monday the agency erroneously concluded in 2020 that the ground-dwelling bird “is not likely to become an endangered species within the foreseeable future.”
She reinstated the Fish and Wildlife Service’s original 2013 listing proposal for the bi-state grouse and ordered the agency to issue a new final listing decision.
The bird’s population is estimated to total about 3,300. It stretches from Carson City to Yosemite National Park.
“We’ve watched for more than a decade as these sage grouse have continued to decline,” said Ileene Anderson of the Center for Biological Diversity. “Without the Endangered Species Act’s legal protection, multiple threats will just keep pushing these grouse toward extinction.” | https://localnews8.com/news/ap-utah/2022/05/18/u-s-judge-withdrawal-of-bistate-grouse-listing-was-illegal-3/ | 2022-05-18T19:16:51Z |
‘Yellowstone’ actor charged with disability payment fraud
LOS ANGELES (AP) — “Yellowstone” actor Q’Orianka Kilcher has been charged with illegally collecting nearly $97,000 in disability benefits while working on the TV show, authorities announced Monday.
Kilcher, 32, of North Hollywood, is charged with two felony counts of workers’ compensation insurance fraud, according to a statement from the California Department of Insurance.
Kilcher in 2020 played Angela Blue Thunder for four episodes of the Paramount Network Western, which stars Kevin Costner.
She also portrayed Pocahontas in the 2005 movie “The New World” and was in 2019′s “Dora and the Lost City of Gold.”
While working on “Dora” in October 2018, Kilcher allegedly injured her neck and right shoulder, the insurance department said.
A year later, Kilcher told a doctor handling the insurance claim that she had been offered work but could not take it because of severe neck pain from her injury, according to the insurance department’s statement.
From 2019 through 2021, Kilcher received $96,838 in temporary disability benefits. But an investigation later discovered that Kilcher had worked on “Yellowstone” for several months in 2019 during the period she claimed to be disabled, the department said.
“According to records, she returned to the doctor and started receiving disability benefits five days after last working on the show,” the statement said.
Kilcher surrendered and was arraigned on the charges in May, the statement said.
In a statement her attorney, Michael Becker, said that Kilcher was a passenger in a production vehicle when she was hurt.
“Third-party doctors verified her injury and entitlement to benefits. Ms. Kilcher was at all times candid with her doctors and treatment providers...and she never intentionally accepted benefits that she did not believe she was entitled to,” Becker said.
Kilcher will “vigorously defend herself and asks that she be afforded the presumption of innocence both in and outside the courthouse,” Becker said.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/07/12/yellowstone-actor-charged-with-disability-payment-fraud/ | 2022-07-12T15:06:30Z |
NEW YORK, April 25, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Enservco Corporation ("Enservco" or the "Company") (NYSE: ENSV). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Enervco and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On April 18, 2022, Enservco disclosed in a filing with the U.S. Securities and Exchange Commission that it had "concluded that the Company's previously issued condensed consolidated financial statements as of and for the quarters ended March 31, 2021, June 30, 2021 and September 30, 2021 (collectively, the 'Relevant Periods') should no longer be relied upon due to the Company's utilization of certain deferred tax liabilities in 2021" and that "[t]he Company intends to amend its Quarterly Reports on Form 10-Q for the Relevant Periods to reflect restatements of its condensed consolidated financial statements for the Relevant Period."
On this news, Enservco's stock price fell sharply during intraday trading on April 19, 2022.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP | https://www.wibw.com/prnewswire/2022/04/25/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-enservco-corporation-ensv/ | 2022-04-25T21:20:15Z |
Scalable virtual reality teaching tool features a wireless HTC VIVE Focus™ 3 headset for a more immersive learning experience
GREENE, N.Y., June 7, 2022 /PRNewswire/ -- As a proud supporter of the ninth National Forklift Safety Day, The Raymond Corporation is committed to prioritizing forklift operator education and providing intelligent warehouse solutions that help customers create a culture of continuous improvement and boost overall facility well-being. Along with National Forklift Safety Day, The Raymond Corporation will be celebrating its 100th anniversary and launch of its next-generation Virtual Reality (VR) Simulator.
The first of its kind in the industry, Raymond's award-winning VR Simulator is a flexible, scalable teaching tool that uses the latest immersive technology to bring new hires up to proficiency more quickly and to continually expand operator skills for reduced turnover. The updated VR Simulator is designed for optimum usability and performance with a smaller, lighter case for easier maneuverability and setup, as well as the award-winning HTC® VIVE Focus 3 wireless all-in-one VR headset for enhanced operator performance, comfort and longer immersive sessions. The simulator uses training modules that build on themselves to help operators reach higher proficiency levels faster and feel more confident before reaching the warehouse floor.
"Raymond continues to build on its 100-year history of innovation and continuous improvement to create solutions that help customers take meaningful action by optimizing, connecting and automating with technologies and training solutions that, together, help reinforce operator best practices," said Michael Field, president and CEO of The Raymond Corporation. "We are excited to build on our history and continue to provide industry-leading education and training programs for our customers."
Additional in-person and e-learning education programs Raymond offers include:
- Safety On The Move® — a comprehensive, modular, operator training program that introduces best practices for warehouse environments to help protect employees, equipment and materials while complying with OSHA requirements.
- Steps To Safety™: Pedestrian Safety in a Material Handling Environment — a training program that assists in teaching pedestrians how to act responsibly in environments where lift trucks are in operation, emphasizing the importance of operators and pedestrians working together to create a safe environment.
For more information on Raymond's National Forklift Safety Day, next-generation Virtual Reality Simulator as well as suite of in-person and e-learning training programs and tools, click here.
More information and updates about National Forklift Safety Day will also be available on the International Truck Association website: www.indtrk.org/national-forklift-safety-day.
For more than 70 years, the Industrial Truck Association (ITA) has been the leading organization of industrial truck manufacturers and suppliers of component parts and accessories that conduct business in the United States, Canada and Mexico. Based in Washington, D.C., ITA maintains an influential voice in international standards development for the industry. The organization also advances engineering practices to promote safe products, disseminates statistical marketplace information, and provides industry forums for learning and networking. Visit www.indtrk.org.
HTC VIVE® is the premier virtual reality (VR) platform and ecosystem that creates true-to-life VR experiences for businesses and consumers. The VIVE® ecosystem is built around premium VR hardware, software, and content. The VIVE Business™ encompasses best-in-class XR hardware; VIVEPORT® platform and app store; VIVE Enterprise Solutions for business customers; VIVE X®, a US$100M VR business accelerator; and VIVE ARTS™ for cultural initiatives. For more information, please visit www.vive.com.
About The Raymond Corporation
The Raymond Corporation, a Toyota Industries Company, is a leading global provider of best-in-class material handling products and intelligent intralogistics solutions. Built on principles of innovation and continuous improvement for 100 years, Raymond's integrated automation, telematics, virtual reality and advanced energy solutions provide ways to optimize operations and bring warehouse and distribution operations to a new level of performance. Raymond® electric forklift trucks are engineered to achieve increased productivity and efficiency and are designed to provide ecological and economic benefits. Raymond delivers solutions to material handling and logistics markets in North America and globally. Combining operational excellence, award-winning innovation and world-class global customer support, we work together to run better, manage smarter and keep our customers always on. For more information, visit raymondcorp.com and follow us on Facebook, Twitter, YouTube and LinkedIn.
Raymond®, Safety On The Move®, and Steps To Safety™ are U.S. trademarks of The Raymond Corporation. HTC®, HTC VIVE®, VIVE®, VIVE ARTS™, VIVE Business™, VIVE Focus™, VIVEPORT®, and VIVE X® are the trademarks or registered trademarks in the U.S. and/or other countries of HTC Corporation and its affiliates.
©2022 The Raymond Corporation. All rights reserved.
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SOURCE The Raymond Corporation | https://www.wibw.com/prnewswire/2022/06/07/raymond-celebrates-national-forklift-safety-day-with-launch-next-generation-raymond-virtual-reality-simulator/ | 2022-06-07T12:40:18Z |
LEAD PLAINTIFF DEADLINE IS SEPTEMBER 12, 2022
NEW YORK, Aug. 5, 2022 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the Eastern District of New York on behalf of investors who purchased or otherwise acquired the American Depositary Receipts ("ADR's) of Missfresh Limited (NASDAQ: MF) pursuant and/or traceable to the registration statement and related prospectus (collectively, the "Registration Statement") issued in connection with Missfresh's June 2021 initial public offering (the "IPO").
All investors who purchased the ADR's of Missfresh Limited and incurred losses are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com.
If you have incurred losses in the ADR's of Missfresh Limited, you may, no later than September 12, 2022, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in the ADR's of Missfresh Limited.
PLEASE CLICK HERE TO JOIN CASE
According to the filed complaint, the Registration Statement featured false and/or misleading statements and/or failed to disclose that:
- Missfresh provided false financial figures in its Registration Statement;
- Missfresh would need to amend its financial figures;
- Missfresh, among other things, had lesser net revenues for the quarter ended March 31, 2021; and
- as a result, defendants' public statements were materially false and misleading at all relevant times and negligently prepared.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.
Wolf Haldenstein Adler Freeman & Herz LLP
Patrick Donovan, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, donovan@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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SOURCE Wolf Haldenstein Adler Freeman & Herz LLP | https://www.kxii.com/prnewswire/2022/08/05/missfresh-limited-class-action-alert-wolf-haldenstein-adler-freeman-amp-herz-llp-announces-that-securities-class-action-lawsuit-has-been-filed-against-missfresh-limited-united-states-district-court-eastern-district-new-york/ | 2022-08-05T14:32:02Z |
VANCOUVER, BC, April 13, 2022 /PRNewswire/ -- Silverton Metals Corp. (TSX-V: SVTN), (OTCQB: SVTNF) ("Silverton" or the "Company") announces that step-out reverse circular drilling in two separate areas of the property has extended the silver mineralization at its 100% owned Peñasco Quemado ("PQ") project in northern Sonora, Mexico (Figs. 1 and 2).
Drill hole PQ21-3 drilled in the Fortuna target, intersected 438 g/t Ag (silver) and 0.62% Cu (copper) over 0.95 meters within a broader zone of 11.3 meters averaging 54.5 g/t Ag, and extended the mineralization nearly 400 meters northwest of the nearest hole (Fig 1). Towards the northwest, the mineralization remains open along strike and at depth. The mineralization at the Fortuna target is hosted within northwest-oriented, near vertical to east-dipping vein structures adjacent to an andesitic dyke traced for a length exceeding 700 meters.
Drill hole PQ21-8 located southeast of the eastern limit of the Peñasco Pit historic resource estimate prepared by Silvermex, extended the silver mineralization approximately 100 meters in said direction. This hole, in conjunction with several other holes drilled by previous operators east and outside of the Silvermex historic resource estimate, expand the Peñasco Pit mineralization by an additional 300 meters along strike, for a combined total expansion of 400 meters from the deposit. See, for example, drill holes PQRC-37, PQRC-39, PQRC 79, and PQRC-80 which report average silver grades of 72 g/t, 75 g/t, 176 g/t and 186 g/t over 12 meters, 7.5 meters, 3 meters and 16.5 meters respectively (view here: https://silvertonmetals.ca/projects/summary).
John Theobald President and CEO commented "The drill holes completed demonstrate that the mineralized system at the Peñasco Pit target continues beyond the historic resource limits. The continuation of the mineralization offers potential to expand the historic resource. I am also encouraged by the intersections of silver and copper mineralization on the Fortuna target which is one of several geophysical anomalies identified across the property. Silverton will continue to explore the property to identify additional drilling targets. Silverton geologists are also evaluating the potential for updating the historic 9.6 million Oz Ag resource1 with the view to commissioning a current resource estimate.
A total of 2,105 meters were drilled in nine holes. Drill collars are shown in Figure 1 and Figure 2. Relevant gold, silver and copper averages are set out in Table 1; coordinates and identification drill hole data are in Appendix I at the end of this release.
Silverton has compiled drill hole data of 73 drill holes drilled by Silvermex in 2008 that were not incorporated into the historical resource estimate prepared by Silvermex in 2006. These holes are in its majority, infill holes within or in close proximity to the historical resource estimate. Significant assays of these holes are included in Silverton's website (view here: https://silvertonmetals.ca/projects/summary).
QA/QC
The QA/QC program included the submission of Certified Reference Materials, including pulp standards and coarse blank material at approximately 1 per 20 core samples with additional random coarse blanks for a total of about 6% of the total. The standards used in the drill program range in grade from about 0.8 g/t Ag to 90 g/t Ag and included certified Au and base metal values, along with the coarse blank material which were sourced from CDN Resource Laboratories and OREAS North America, of British Columbia and Ontario, Canada, respectively.
Samples were prepared by Bureau Veritas and ALS Global (ALS) and assayed by ALS Global, both internationally certified labs with preparation in the Hermosillo, Caborca and Zacatecas prep labs in Mexico and Vancouver analytical lab in Canada (ALS also inserts internal blanks, standards and includes duplicate analyses to ensure proper sample preparation and equipment calibration). All samples were analysed for gold by fire assay with an AA finish, and for Ag and other elements using a multielement ICP package with a four-acid digestion. Samples with silver over 100 g/t were re-analysed by ICP.
Table1. Peñasco Quemado relevant drill hole averages.
Widths are true widths except for Fortuna holes PQ21-2, PQ21-3 and PQ21-4 which are approximately 70% of drill intercept.
About Peñasco Quemado
Peñasco Quemado is a 3,746-hectare property located in northern Sonora, 60 kilometres south of the town of Sasabe on the US-Mexico border. A 2006 drilling program outlined a historical measured and indicated resource of 2.57 million tonnes at a grade of 117 g/t silver for a silver historic measured and indicated resource of 9.63 million ounces (see below 1). Silver mineralization at Peñasco Pit area of the Peñasco Quemado property is associated with manganese and barium oxides in a near surface shallow westerly dipping zone of polymictic conglomerate. Typical manganese averages in this area, range from 1% to over 10%. In the Fortuna area, the mineralization consists of copper-silver sulphides and oxides controlled by high-angle vein type structures that occur in and along the margins of a rhyolite sill.
1Historical Mineral Estimate
* Silvermex Resources Limited reported in a technical report titled "Updated NI 43-101 Technical Report and Resource Estimate for the Peñasco Quemado Silver Property" dated March 9, 2007 (filed on SEDAR on March 16, 2007), prepared by William J. Lewis and James A. McCrea, the above historical mineral estimate. The historical mineral estimate used "measured mineral resource", "indicated mineral resource" and "inferred mineral resource". Although these categories are set forth in NI 43-101 and CIM, CIM has revised its definitions for mineral resources since the completion of the technical report that supports this resource estimate. Accordingly, Silverton considers these historical estimates reliable as well as relevant as it represents a target for exploration work by Silverton. The data base for the historical resource estimate consisted of 24 reverse circulation holes from a 1981/82 program, 17 reverse circulation holes from a 2006 program and 8 diamond drill holes from a 2006 drill program. Assay data was available for all 49 of the drill holes and 12 trenches. The mineral resource estimate used a kriging estimation method to establish mineralized zones with a cut-off grade of 30 g/t Ag and assay's capped at 700 g/t Ag. Resource blocks were estimated by ordinary kriging with samples within a search radius of 25 meters classified as a measured mineral resource, within 47 meters classified as an indicated mineral resource and within 70 meters classified as an inferred mineral resource. As required by NI 43-101, CIM definitions (August 2004) were used to classify mineral resources with the classification of each kriged mineralized block dependent upon the number of penetrating holes. An in-situ block density of 2.50 t/cu meter was assigned the mineralized blocks. The qualified person has not done sufficient work to classify the historical estimate as a current mineral resource therefore Silverton is treating these historical estimates as relevant but not current mineral resources.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Peter Born, P. Geo., a Qualified Person for the purpose of NI 43-101.
On behalf of the Board
John Theobald
President, CEO & Director
Silverton Metals Corp
About Silverton Metals Corp
Silverton Metals Corp is a Canadian company focused on the exploration and development of quality silver projects. The company holds a 100% interest in three significant silver assets in Mexico – Pluton, in Durango, Peñasco Quemado in Sonora and La Frazada in Nayarit. Silverton management and board have experience identifying and evaluating acquisition targets and exploration prospects. The company intends to build a strong portfolio of silver and gold-silver projects to drive future growth by exploration success and from later stage projects with production potential. To achieve this growth the Silverton business plan calls for a dynamic combination of development of its existing properties, acquisitions, and partnerships.
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Silverton cautions that all forward looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Silverton's control. Such factors include, among other things: risks and uncertainties relating to Silverton's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual, and future events, conditions and results may differ materially from the estimates, beliefs, intentions, and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Silverton undertakes no obligation to publicly update or revise forward-looking information.
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.
APPENDIX I
Silverton RC holes coordinates (UTM83-11) and other identification data.
For further information please contact:
Silverton Metals Corp.
W. Barry Girling, VP Corporate Development and Director
(604) 683-0911
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SOURCE Silverton Metals Corp. | https://www.kxii.com/prnewswire/2022/04/13/silverton-metals-intersects-silver-mineralization-including-438-gt-ag-over-095m-reports-drill-results-peasco-quemado-sonora-mexico/ | 2022-04-13T12:35:06Z |
LOS ANGELES, May 31, 2022 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Volta Inc. f/k/a Tortoise Acquisition Corp. II ("Volta" or "the Company") (NYSE: VLTA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between August 2, 2021 and March 28, 2022, inclusive (the ''Class Period''), are encouraged to contact the firm before May 31, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Volta failed to properly account for restricted stock units issued in relation to its business combination. Based on this failure, the Company understated its net loss for the third quarter of 2021. The Company failed to maintain appropriate controls over financial reporting. As a result, the Company would be forced to restate its financial statements. Based on these problems, the Company's founders would leave the organization. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Volta, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com
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SOURCE The Schall Law Firm | https://www.kxii.com/prnewswire/2022/05/31/final-deadline-alert-schall-law-firm-encourages-investors-volta-inc-with-losses-100000-contact-firm/ | 2022-05-31T17:12:06Z |
WASHINGTON, July 27, 2022 /PRNewswire/ -- The Steel Manufacturers Association (SMA) announced today that Tenaris and the company's president over its U.S. operations, Luca Zanotti, have joined the association and its board of directors.
Tenaris operates multiple steel pipe facilities in the U.S. as well as an electric arc furnace steel mill in Koppel, Pennsylvania, with 430,000 tons of annual steelmaking capacity. Tenaris also operates the world's most technologically advanced seamless pipe mill in Bay City, Texas, with an annual production capacity of 600,000 tons.
Luca Zanotti, president of Tenaris in the U.S., said, "We are pleased to partner with the SMA and its member companies. Our company is committed to supporting low-emissions steelmaking with an agenda rooted in sound public policy, a strong safety culture, and environmental stewardship. This will benefit Tenaris and the steel industry."
Zanotti added, "We are dedicated to domestic manufacturing. Tenaris has invested more than $11 billion in our people, processes, and equipment since 2006. We will continue to innovate, invest and contribute to the sustainable development of our communities."
Philip K. Bell, president, SMA, stated, "We are pleased to welcome Tenaris to the SMA. It is important that the American EAF steel industry, comes together to address common challenges and to pursue common goals. We welcome Mr. Zanotti to our board of directors, and we look forward to Tenaris contributing as a producer member."
The Steel Manufacturers Association (SMA) is the largest steel association in America. Representing the electric arc furnace (EAF) steel industry, which accounts for over 70% of steel made in the U.S. today, we are the advocates behind public policy solutions and member services that enable steelmakers to build their businesses, employees to build their lives, and communities to build their futures. Vastly more energy-efficient than traditional steelmaking, EAF steel is made using electrical currents to melt scrap steel and other recycled metals. Beyond the improved environmental impacts, EAF steel can be produced at higher efficiency and with more flexibility than blast furnace steel. For more information, please visit our website at www.steelnet.org or our LinkedIn page.
Philip K. Bell
202-296-1515
bell@steelnet.org
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SOURCE Steel Manufacturers Association | https://www.mysuncoast.com/prnewswire/2022/07/27/tenaris-joins-steel-manufacturers-association/ | 2022-07-27T16:54:07Z |
A century after his death, the first Black US Army colonel is promoted to brigadier general
By Chandelis Duster, CNN
Charles Young, the first Black US Army colonel whose groundbreaking military career was hampered a century ago by the racism of the era, was posthumously promoted on Friday to brigadier general.
Young’s promotion retroactively makes him the first Black American recognized with that rank, the Army said.
The honorary designation, following years of efforts to posthumously promote him, was the focus of an official promotion ceremony at the United States Military Academy at West Point on Friday.
After Young was passed over for promotion before his death in 1922, a Black service member wouldn’t join the general officers rank in the Army until Benjamin Davis Sr. was promoted to brigadier general in 1940.
Young’s “promotion today to brigadier general has been a long time delayed, but fortunately for all of us no longer denied,” Under Secretary of the Army Gabe Camarillo said Friday in remarks during the ceremony. Camarillo also praised Young as a “model leader” and called his legacy “frankly inspiring.”
Members of Young’s family were in attendance at the ceremony, including his great niece Renotta Young, who was presented with Young’s posthumous honorary promotion order and certificate, a gold-plated leather belt that general officers wear, and a one-star general officer flag.
“Charles Young weathered social isolation not only at West Point but throughout his military and National Parks career,” Renotta Young recalled in a speech Friday, adding that despite the hardships Young faced, he “managed to love” the American experiment.
“While he felt the sharp sting of discriminatory treatment from his classmates here at West Point, at various points in his career from his superiors also, he did not consign all of White America to the racist side of the ledger,” she added.
Renotta Young told CNN it’s taken half a century to get her uncle promoted to brigadier general, an effort largely driven by her family and the Omega Psi Fraternity, Inc. in which Young is an honorary member.
“Even though it was long overdue, this was the time it happened, and I think this is the right time for folks to communicate the legacy of his life and what he has done for our country,” she told CNN.
Racism blocked Young’s career path
Born in 1864 in May’s Lick, Kentucky, to enslaved parents, Young graduated from high school with honors and became an elementary school teacher for two years. After encouragement from his father, Young took entrance exams for West Point but was not selected to attend despite having the second highest score. It wasn’t until a candidate dropped out the following year that Young received his acceptance letter and became the ninth Black attendee of the academy in 1884. During his time at the academy, he faced racism from instructors and fellow cadets but persevered. In 1889, he became the third Black graduate from the academy following Henry Ossian Flipper and John Hanks Alexander.
After graduating from the academy, it was three months before he received an assignment because at the time, Black officers were not allowed to command White troops, according to his National Park Service biography. He was commissioned as a second lieutenant and assigned to the Ninth Cavalry in Fort Robinson, Nebraska, and Fort Duchesne, Utah, a regiment of the “Buffalo Soldiers.” The Buffalo Soldiers were regiments of Black soldiers who played a key role in the US’ expansion of the West and were initially commanded by White officers. They also served as some of the first national park rangers and protected parks from poachers.
Young would break another barrier in 1903 when he became the first Black national park superintendent after he and his troops were assigned to manage Sequoia National Park in northern California. He was the first Black military attaché, became the first military attaché to Haiti and the Dominican Republic on the island of Hispaniola in 1904, and was appointed military attaché to Liberia in 1912. He also taught military sciences and tactics at Wilberforce University in Ohio in between his military duties.
Young received additional promotions during his military career, including major in 1912 and lieutenant colonel in 1916, according to NPS. He was medically retired in July 1917 and was promoted to colonel, the first Black man to reach that rank.
At the time, as he wrote to his longtime friend and civil rights activist W.E.B. DuBois, he was skeptical of the reasoning for the medical retirement, as he insisted he was in fine health and wanted to continue with his active service.
He was later recalled to helped train Black soldiers during World War I and in 1920, Young was sent back as military attaché in Liberia. While on a research expedition in Nigeria, Young became ill and died on January 8, 1922. After his death, his body was repatriated to the US and was buried in Arlington National Cemetery.
Young’s legacy grew in the century after his death. The Charles Young Buffalo Soldiers National Monument was established in 2013 in Wilberforce, Ohio, and in February 2020, Kentucky Gov. Andy Beshear, a Democrat, posthumously promoted Young to brigadier general in the Kentucky National Guard and sent a letter to President Joe Biden requesting he recognize Young with the promotion at the federal level. In November 2021, Under Secretary of Defense Gilbert Cisnero Jr. informed the House and Senate armed service committees that he had approved Young’s honorary promotion.
It was an attempt to address a long-running stain on the history of the US Army and to honor a man who, as memorialized by DuBois, was a “triumph of tragedy.”
“No one ever knew the truth about the Hell he went through at West Point,” DuBois wrote in an edition of the NAACP’s “The Crisis” publication a month after Young’s death.
“He was one of the few men I know who literally turned the other cheek with Jesus Christ,” DuBois wrote. “He was laughed at for it and his own people chided him bitterly, yet he persisted. When a white Southern pigmy at West Point protested at taking food from a dish passed first to Young, Young passed it to him first and afterward to himself. When officers of inferior rank refused to salute a ‘n***er,’ he saluted them. Seldom did he lose his temper, seldom complain.”
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CNN’s Eva McKend and Veronica Stracqualursi contributed to this report. | https://localnews8.com/politics/cnn-us-politics/2022/04/29/a-century-after-his-death-the-first-black-us-army-colonel-is-promoted-to-brigadier-general/ | 2022-04-29T21:12:00Z |
- Two presentations on the Phase 2b clinical trial show CSF-1 met the primary endpoints and achieved statistically significant and clinically meaningful improvements in distance-corrected near visual acuity (DCNVA) for participants with presbyopia
- Presbyopia is the loss of ability to focus on near objects as a result of the natural aging process and affects more than 120 million people in the U.S.
PONTE VEDRA, Fla. , April 23, 2022 /PRNewswire/ -- Orasis Pharmaceuticals, an emerging ophthalmic pharmaceutical company focused on developing a unique eye drop to improve near vision for people with presbyopia, today announced Phase 2b data demonstrating the efficacy and safety of its novel eye drop candidate, CSF-1, for the treatment of presbyopia at the 2022 American Society for Cataract and Refractive Surgery (ASCRS) Annual Meeting being held April 22-26 in Washington, D.C. The Phase 2b trial served as the foundation for the design and conduct of the Phase 3 NEAR-1 and NEAR-2 clinical trials of CSF-1, for which topline results were recently announced.
In the first Paper Session, which will be presented on Monday, April 25, the Phase 2b trial results showed that CSF-1 (pilocarpine hydrochloride 0.4%) preservative-free ophthalmic solution formulated in a proprietary vehicle met its primary endpoint, with 47% of participants in the CSF-1 group achieving a 3-line or more gain in DCNVA 1-hour post-treatment on Day 15 compared to 16% in the vehicle group (P=0.0002). Additionally, the trial met its secondary endpoint, with 80% of participants in the CSF-1 group achieving a 2-line or more gain in DCNVA compared to 43% in the vehicle group (P=0.0001). CSF-1 demonstrated tolerability with a favorable safety profile. The most reported treatment-related adverse events experienced by over 5% of trial participants included instillation site pain (5.5%), headache (9.1%) and vision blur (10.9%) with all adverse events in the study reported as mild, transient and self-resolving.
"In addition to meeting the primary endpoint, achieving the secondary endpoint of a 2-line or more gain is clinically meaningful, especially for early presbyopes whose near vision is not yet severely impacted," said Marjan Farid, M.D., presenting author. "We're also encouraged that there was no negative impact on distance or night vision, which is critical when looking at the potential benefit of an investigative treatment like CSF-1 could bring to patients to help them manage in their day-to-day lives."
Additionally, a post hoc analysis of the Phase 2b trial of CSF-1 will be presented in the second Paper Session on Monday, April 25. The analysis met its primary endpoint of sustained improvement, with 47% of participants showing an improvement of 20/40 visual acuity (VA) level or better consistently over an 8-hour period on Day 15 following one dose of CSF-1. In both monocular and binocular measurements, the proportion of participants who achieved sustained DCNVA improvements was higher in the CSF-1 group vs. vehicle for participants assessed for sustained 20/40 vision across all time points (P<0.05).
"These results, which showed that a greater proportion of participants receiving CSF-1 achieved sustained functional near vision of 20/40 or better compared to vehicle when tested binocularly, demonstrate clinically meaningful improvement that may allow individuals treated with CSF-1 to more easily conduct day-to-day activities requiring near vision," said Preeya K. Gupta, M.D., presenting author.
Binocular summation, or the superiority of binocular performance over monocular performance, is acutely involved with improved visual acuity.1,2,3 As binocular suppression is observed in a majority of patients with presbyopia,4 achieving binocular summation is an important marker for evaluating efficacy of potential treatments for this age-related condition.
"We are pleased with the favorable safety and efficacy results from this study, as well as the rapid onset and sustained duration of action," said Elad Kedar, Chief Executive Officer of Orasis Pharmaceuticals. "The Phase 2b trial provided robust data and critical direction to inform the Phase 3 NEAR-1 and NEAR-2 clinical trials, for which we recently reported similar positive, topline efficacy and safety results. The consistency of these results, which had nearly identical designs, reinforces CSF-1's efficacy, safety and comfort, and its potential to provide a first-line treatment option for people living with presbyopia."
*ASCRS Disclaimer: All educational content of the ASCRS Annual Meeting is planned by its program committee, and ASCRS does not endorse, promote, approve, or recommend the use of any products, devices, or services.
CSF-1 is a novel corrective eye drop candidate being investigated for the treatment of presbyopia. CSF-1 is a proprietary, preservative-free formulation of low-dose pilocarpine and multi-faceted vehicle designed to achieve an optimal balance between efficacy, safety and comfort. CSF-1 improves near visual acuity by pupil modulation, resulting in a "pinhole effect" and an increase in the depth of field, thus increasing the ability to focus on near objects.
Presbyopia is the loss of ability to focus on near objects as a result of the natural aging process. It occurs mostly after the age of 40 when the crystalline lens of the eye gradually stiffens and loses flexibility. There are almost two billion people globally and more than 120 million people in the U.S. living with presbyopia. People with presbyopia experience blurred vision when performing daily tasks that require near visual acuity, such as reading a book, a restaurant menu, or messages on a smartphone. Presbyopia cannot be prevented or reversed, and it continues to progress gradually. Many existing treatment options can be either cumbersome or invasive, presenting a significant unmet need for quality-of-life improvement for people with presbyopia.
Orasis Pharmaceuticals is developing CSF-1, a corrective eye drop for the treatment of presbyopia as an alternative to reading glasses. By repurposing existing and well-studied molecules, CSF-1 is designed to be effective, safe, comfortable, and easy-to-use. Orasis is led by a collaborative team of industry executives and eye care specialists with a broad range of experiences in research, development, and commercialization of pharmaceutical drugs, as well as finance and business development. Orasis is funded by a diverse group of sophisticated and experienced life science and healthcare investors including the ophthalmology focused venture capital fund Visionary Ventures, Sequoia Capital, SBI (Japan) Innovation Fund, Bluestem Capital, LifeSci Venture Partners, Maverick Ventures Israel, and other private investors. Orasis has offices in the U.S. and Israel. For more information, visit www.orasis-pharma.com and connect with us on LinkedIn.
References
1 Pineles SL, et al. JAMA. 2013;131(11):1413-1419.
2 Blake R, et al. Percep Psychophys. 1981;30(3):266-276.
3 Cagenello R, et al. J Opt Soc Am A Opt Image Sci Vis. 1993. 10(8):1841-1848.
4 Rozanova O, et al. Eye and Vision. 2018;5:1. DOI 10.1186/s40662-018-0095-0.
Media Contact:
Amy Phillips
aphillips@greenroompr.com
412-327-9499
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SOURCE Orasis Pharmaceuticals | https://www.mysuncoast.com/prnewswire/2022/04/23/orasis-pharmaceuticals-announces-phase-2b-trial-efficacy-safety-results-novel-presbyopia-eye-drop-candidate-csf-1-2022-american-society-cataract-refractive-surgery-ascrs-annual-meeting/ | 2022-04-23T16:27:03Z |
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