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We’ll be warm, but stormy at times in the coming days
Temps push into the 70s and 80 on Tuesday
A warm front will head toward our area overnight tonight from the southwest. We’ll see increasing clouds this evening (mainly after sundown), and temps will be mild with the WSW airflow. Low temps overnight should be in the 50s for most.
As the warm air continues to surge in on Tuesday, temps will climb above average, hitting the upper 70s-mid 80s for most Tuesday afternoon. Most of the day looks dry, with a mix of sun and clouds. We’ll be windy at times, however, and by the evening, a few showers and thunderstorms will develop. From roughly 7 PM onward, scattered showers and thunderstorms look likely as a cold front pushes into the region, interacting with the warm and humid air we have in place.
As of now, severe weather chances are better to our east and west, but a few stronger storms cannot be ruled out, especially west of I-77 early Tuesday evening. Occasionally heavy rain and gusty winds will be possible. We’ll still see scattered rain and occasional t-storms through Wednesday AM as the front moves through and eventually out of our area to the east. Low temps Tuesday night-early Wednesday will be mild, in the upper 50s and low 60s.
We’ll dry out into Wednesday afternoon, but we won’t be quite as warm as Tuesday with NW wind flow bringing in cooler air behind the departing front. Most of Wednesday will be breezy but still comfortable with highs in the mid-60s to low 70s.
We will warm back into the 70s and low 80s again on Thursday, but we look to stay unsettled as another low-pressure system approaches the area. We look to see more rounds of showers and thunderstorms, especially Thursday PM-Friday for a while.
The weekend to follow looks a bit cooler but still seasonable...
Stay tuned!
BLUEFIELD, W.Va. (WVVA) -
Copyright 2022 WVVA. All rights reserved. | https://www.wvva.com/2022/05/02/well-be-warm-stormy-times-coming-days/ | 2022-05-02T21:47:31Z |
13-year-old Louisiana girl dies after being struck by stray bullet
SHREVEPORT, La. (KSLA/Gray News) — A 13-year-old girl who was struck by a stray bullet has died, according to Shreveport police records.
The shooting happened Sunday afternoon in the city’s South Highland neighborhood.
Landry Anglin was shot just before 1:30 p.m. at a residence in the 4500 block of Fairfield Avenue, the Caddo coroner’s office reports. She was taken to Ochsner LSU Health, the Shreveport hospital where she died at 2:42 p.m. An autopsy has been ordered.
Several shots were fired during a rolling shootout involving three vehicles, Shreveport’s police chief reports.
The teenager was inside a house on Fairfield Avenue when she was hit by a single bullet, Police Chief Wayne Smith told KSLA.
Landry’s death marks the 21st homicide this year in Caddo Parish.
Officials with Caddo Parish Public Schools confirmed Landry was a student at Caddo Middle Magnet. She was almost done with her 8th grade year.
The teen’s grandmother says she was artistic, and played lacrosse for Caddo Middle Magnet. She says her granddaughter had a “fabulous” sense of humor and always had a smile on her face. She also says Landry was a wonderful big sister and was “destined to do big things in this world.”
Police have recovered one of the vehicles believed to have been involved in the shootout and are looking for others.
First responders were summoned to Fairfield between Delaware Street and Erie Street at 2:23 p.m. Sunday, Caddo 911 dispatch records show.
Initially, five Shreveport Fire Department units responded to a medical emergency at that location. The Shreveport Police Department sent eight units to a report of a shooting there.
Neighbors told KSLA they heard what sounded like multiple gunshots about 2:20 p.m.
Several members of the Shreveport City Council also were on the scene.
Dispatch records also show police responding to a call at 3:02 p.m. about a suspicious vehicle on Fairfield Avenue between Mitchell Lane and Pierremont Road. It’s not immediately clear whether that call is related to the shooting.
Copyright 2022 KSLA via Gray Media Group, Inc. All rights reserved. | https://www.whsv.com/2022/05/02/13-year-old-louisiana-girl-dies-after-being-struck-by-stray-bullet/ | 2022-05-02T22:25:22Z |
Biden to meet with parents of missing journalist Austin Tice
WASHINGTON (AP) — President Joe Biden said he was meeting Monday with the parents of American journalist Austin Tice, who was abducted in Syria 10 years ago.
The meeting with Marc and Debra Tice is expected to take place at the White House.
Debra Tice was introduced Saturday night as being in attendance at the White House Correspondents’ Association Dinner, where Biden paid tribute in his remarks to journalists who are missing or detained. Biden also said at the event that he wanted to meet with the Tices to speak about their son.
“After the president made those comments, obviously we went into action to work to set up the meeting,” White House press secretary Jen Psaki said Monday, adding that the White House has “been very closely engaged with the family.”
Tice, who is from Houston and whose work had been published by The Washington Post, McClatchy newspapers and other outlets, disappeared in August 2012 at a checkpoint in a contested area west of Damascus.
A video released weeks later showed him blindfolded and held by armed men and saying, “Oh, Jesus.” He has not been heard from since. Syria has never acknowledged holding him.
In the final months of the Trump administration, two U.S. officials — including the government’s top hostage negotiator, Roger Carstens — made a secret visit to Damascus to seek information on Tice and other Americans who have disappeared in Syria. It was the highest-level talk in years between the U.S. and the government of Syrian President Bashar Assad, though Syrian officials offered no meaningful information on Tice.
Psaki said there have been multiple meetings between members of the Tice family and administration officials since December, when Debra spoke with Jake Sullivan, Biden’s national security adviser. The most recent one was last week.
Debra Tice has previously been critical of her lack of direct White House access, saying at a National Press Club event last December that she had not met with Biden since he became president and that he has never said Austin’s name publicly.
“The hurdle I’m having is the White House,” she said then.
Last week, the U.S. secured the release of Trevor Reed, a U.S. Marine veteran detained in Russia for nearly three years, as part of a prisoner swap.
Relatives of Reed and other detained Americans are holding a news conference near the White House on Wednesday to advocate for their loved ones’ release.
____
Associated Press writer Chris Megerian contributed to this report.
Copyright 2022 The Associated Press. All rights reserved. | https://www.whsv.com/2022/05/02/biden-meet-with-parents-missing-journalist-austin-tice/ | 2022-05-02T22:25:28Z |
Depp’s agent calls Heard op-ed piece on abuse ‘catastrophic’
FALLS CHURCH, Va. (AP) — Johnny Depp’s agent testified Monday that his ex-wife’s 2018 op-ed piece in The Washington Post describing herself as a victim of domestic abuse was “catastrophic” to his career and coincided with the loss of a $23 million deal for a “Pirates of the Caribbean” sequel.
Amber Heard’s lawyers pushed back aggressively against the agent’s assertion on cross-examination, suggesting that the article was inconsequential amid a stream of bad publicity for Depp brought on by his own bad behavior.
Depp is suing Heard for libel in Fairfax County Circuit Court, saying her article defamed him when she described herself as “a public figure representing domestic abuse.” The article never mentions Depp by name, but Depp’s lawyers say he was defamed nevertheless because it’s a clear reference to abuse allegations Heard levied in 2016.
In testimony Monday, agent Jack Whigham said Depp was still able to work after the initial allegations made against him in 2016. He was paid $8 million for “City Of Lies,” $10 million for “Murder on the Orient Express” and $13.5 million for “Fantastic Beasts: The Crimes of Grindelwald,” all of which shot in 2017, albeit under contracts reached prior to the allegations made against him.
But he said The Washington Post piece was uniquely damaging to Depp’s career.
“It was a first-person account, extremely impactful,” Whigham said of the op-ed.
After that, he said Depp struggled to get any kind of work. He had to take a pay cut — down to $3 million — to do the independent film “Minimata,” and a $22.5 million verbal deal he had with Disney for a sixth “Pirates” film was scuttled, Whigham said.
On cross-examination, though, Heard’s lawyers asked whether the “Pirates” deal had already gone south by the time Heard’s article was published. Whigham acknowledged he never had a written deal for Depp to appear in a sixth “Pirates” film.” And while he said “Pirates” producer Jerry Bruckheimer talked favorably throughout 2018 about Depp coming back to the franchise, Disney executives were noncommittal at best.
By early 2019 — weeks after Heard’s op-ed — Whigham said it was clear that Depp’s role in any “Pirates” film was scuttled and that producers were instead looking to move ahead with Margot Robbie in a lead role.
Heard’s lawyers have cited a variety of factors — including reports of heavy drug and alcohol use, a lawsuit by a crew member in July 2018 who says he was punched on set by Depp, and a separate libel lawsuit Depp filed against a British newspaper in 2018 — as things that damaged Depp’s image more than the Post article.
For Depp’s Virginia lawsuit to be successful, he not only needs to show that he was falsely accused, but he also needs to show that the op-ed piece — not Heard’s abuse allegations in 2016 when she filed for divorce and obtained a temporary restraining order — is what caused the damage.
Depp’s lawyers also presented testimony from an intellectual property expert who testified about the negative turn in Depp’s reputation. But his own data, showing trend lines from Google searches, showed negative spikes occurring after the 2016 abuse allegations, but negligible or nonexistent changes after the Post article.
The trial has now entered its fourth week. Much of the testimony during the first three weeks centered on the volatile relationship between Depp and Heard. Depp says he has never struck Heard. Her lawyers said during the trial’s opening statements that she was physically and sexually abused by Depp on multiple occasions.
Heard is expected to testify later this week.
Copyright 2022 The Associated Press. All rights reserved. | https://www.whsv.com/2022/05/02/depps-agent-calls-heard-op-ed-piece-abuse-catastrophic/ | 2022-05-02T22:25:35Z |
KFC employee used customers’ card info to make thousands of dollars worth of purchases, deputies say
STARKE, Fla. (Gray News) – An employee at a KFC in Florida was arrested after police said she was taking photos of customers’ credit and debit cards and then using the information to make online purchases.
According to the Bradford County Sheriff’s Office, the incidents occurred at a KFC location in Starke, about 50 miles southwest of Jacksonville.
The sheriff’s office said Markquerva Lumar, 19, was arrested April 21.
Deputies said investigation revealed that when customers would hand Lumar their credit or debit cards in the drive-thru window, she would take photos of the front and back of the cards with her personal cell phone. Deputies said Lumar would then use the card information to make online orders in the victims’ names.
According to the sheriff’s office, they have located “many” victims of Lumar, totaling thousands of dollars in online purchases.
Deputies said they want to stress that these crimes “in no way reflects on the business or the rest of the employees who work hard and do the right thing every day.” Other employees at the location have cooperated with law enforcement and have helped locate victims.
Detectives are still seeking additional victims and ask them to call 904-966-6370.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.whsv.com/2022/05/02/kfc-employee-used-customers-card-info-make-thousands-dollars-worth-purchases-deputies-say/ | 2022-05-02T22:25:41Z |
VDH: Youth self-harm incidents on the rise
CHARLOTTESVILLE, Va. (WVIR) - Experts say self harm among youth in Virginia is on the rise.
The Virginia Department of Health has a new report out discussing data on self harm and suicide.
Self harm is defined as anything a person does with the intent to hurt or cause injury to themselves. This includes death.
“Suicide and self harm are just really complex social issues,” VDH Suicide Prevention Coordinator Justin Wallace said. “Self harm hospitalizations for female youth - and certainly guns being noted as one of the most common causes of youth death - are some of the trends that we’re we’re looking at.”
For ages 9 to 18, 74% of self harm hospitalizations from 2015-2021 were female. However, 71% of all death by suicides were by males.
“Here really is an interest in making sure that we’re addressing self harm as it relates to youth who are particularly female. I think we’re seeing some trends in that area that we really are focusing our attention on,” Wallace said.
Click here for a link to the full report.
If you are contemplating self harm you can reach the National Suicide Prevention Hotline at 800-273-8255. You can also text the Crisis Text Line by texting “HOME” to 741741.
Copyright 2022 WVIR. All rights reserved.
Do you have a story idea? Send us your news tip here. | https://www.whsv.com/2022/05/02/vdh-youth-self-harm-incidents-rise/ | 2022-05-02T22:25:48Z |
Warm to start the week but cooler into the weekend
More rain this week
MONDAY: A fantastic evening, clear and temperatures in the 70s. Clouds increase overnight. Patchy fog in low spots. Overnight lows in the upper 40s to low 50s.
TUESDAY: Some sunshine to start the day but more clouds. Mild with temperatures rising into the 60s. More clouds than sun for the afternoon and warm with highs in the upper 70s to low 80s. A few showers and storms firing up late in the afternoon, generally after 2 pm. One or two of these storms could be on the strong side.
A warm evening with a few showers and storms and temperatures falling into the 70s. Plenty of clouds around for the night as scattered showers and storms will continue to hang around. Staying mostly cloudy overnight and turning pleasant with overnight lows in the mid to upper 50s.
WEDNESDAY: More clouds than sun to start the day and mild with temperatures rising into the 60s. A few showers and storms to start the day with coverage increasing some in the afternoon. It will not rain all day, there will just be some brief periods of rain. There is a potential for some of these storms to be strong. Warm with highs in the upper 70s to low 80s. A warm evening with temperatures in the 70s as a cold front crosses. Some clouds overnight and pleasant with lows in the low to mid 50s.
THURSDAY: A mild start with temperatures rising into the 60s with a mix of sun and clouds. Partly to mostly cloudy for the day and warm with highs in the low to mid 70s. A mild evening with temperatures in the 60s as plenty of clouds arrive for the night along with some scattered showers. Pleasant overnight with lows in the low to mid 50s.
FRIDAY: Cloudy to start the day and mild with temperatures rising into the 60s. Our next system will look to bring scattered showers during the day. Mild with highs in the mid to upper 60s. A mild evening with temperatures in the 60s with scattered showers possible overnight. Lows in the upper 40s to around 50 degrees.
SATURDAY: Pleasant to start the day with temperatures in the 50s. Scattered showers for some of the day, beginning to taper late in the day. Mild with highs in the low to mid 60s. Pleasant for the evening with temperatures falling into the 50s. Some clouds overnight and chilly with lows in the low to mid 40s.
SUNDAY: A pleasantly cool start with temperatures rising into the 50s with a few clouds. Intervals of clouds and sunshine for the day and feeling cooler than previous days but still pleasant. Highs in the mid to upper 50s. A pleasant evening with temperaturs in the 50s and chilly overnight with lows in the low to mid 40s.
As always, you can get the latest updates by downloading and checking the WHSV Weather App.
**A reminder that spring wildfire season is still going on in West Virginia. No outdoor burning in West Virginia before 5pm through May 31.**
Copyright 2021 WHSV. All rights reserved. | https://www.whsv.com/2022/05/02/warm-start-week-cooler-into-weekend/ | 2022-05-02T22:25:54Z |
Waynesboro mother witnesses gun pointed to child’s head; calls on school for stronger response
WAYNESBORO, Va. (WHSV) - A mother in Waynesboro said her child has experienced consistent bullying, but things escalated two weeks ago.
It was Friday, April 22 when Rachel Pearson said her daughter was traumatized with a toy gun. She said that day, her daughter was at a loss for words.
“She just got angry, and she swung her lunch bag at the boy on the school bus after repetitively being bullied verbally, but my daughter didn’t realize but there was an icepack in the lunch bag,” Pearson said.
The hit caused the other child’s nose to start bleeding. Just 20 minutes after her daughter went inside, the other child showed up on their doorstep.
“He was banging really angrily on the door. Before I even had a chance to alert my daughter or say anything to my daughter, she’d already opened the door,” Pearson said.
Pearson, not home at the time, was watching it unfold on her security camera. What she saw next still gives her chills.
“Next thing I know, I’m witnessing on the camera live, him pulling a gun from his pocket, a pistol, putting it to my daughter’s head and pulling the trigger,” she said.
Pearson said the gun was a CO2 gun, or an air gun, but she didn’t realize that at the time. Her daughter was physically OK.
Her child shut and locked the door, and Pearson left work, rushed home and called 911.
“She’s inconsolable, could barely talk, barely breathe,” she said.
When the officer arrived, Pearson said she filed a police report. Waynesboro Police said the investigation is ongoing, and no information will be released before it’s complete.
Waynesboro Schools Assistant Superintendent Dr. Ryan Barber said he can’t speak to the investigation since the incident happened off school grounds.
“It’s challenging to keep the community issues and the social media stuff that’s happening in the community out of our schools. I think that’s one of the biggest challenges we do have,” Barber said.
However, they do put resources in place through counselors and educational programming.
“We have security plans in place. When we believe there is potentially a threat or safety is in jeopardy, we put plans in place that are pretty restrictive so we can make sure safety is maintained,” Barber said.
If Pearson’s daughter chooses to ride the school bus again, it won’t be with the child who allegedly did this. However, Pearson said she’d like to see a stronger response.
“We need to look at the bigger picture here at what this boy is capable of and realize how many other kids who are capable of the same thing that have been swept under the rug and are still in our schools, walking around with our children,” she said.
Copyright 2022 WHSV. All rights reserved. | https://www.whsv.com/2022/05/02/waynesboro-mother-witnesses-gun-pointed-childs-head-calls-school-stronger-response/ | 2022-05-02T22:26:03Z |
CLARE, Mich., May 2, 2022 /PRNewswire/ -- Advanced Battery Concepts, LLC has been awarded the 2022 Battery Council International (BCI) Innovation Award. The prestigious annual award is presented to celebrate innovation in equipment, processes, services and products that advance the lead battery industry by its North American trade association, representing battery manufacturing, supply, recycling and distribution companies.
As implied in the company's name, Advanced Battery Concepts was established as a battery innovation company about 13 years ago. With over 50 patents and another 63 patents pending, plus 49 trade secrets, the company's breakthrough technologies and "concepts" have been licensed around the world.
Dr, Edward Shaffer II is founder and CEO of the company located in Clare, Michigan. It was Dr. Shaffer and his ABC team that, created solutions to the complicated bipolar battery that was discovered in the 1930's and led a 'technology quest' that drained millions-of-dollars in search of successful commercial manufacturing. This stellar outcome led to the introduction of Advanced Battery Concepts' GreenSeal® batteries embodying vast innovative technologies enabling better performing, lower cost energy storage solutions. ABC's batteries provide a high value that address the power reliability and resiliency deficit in Michigan and across the nation.
"This Innovation Award marks a milestone in our company's progress in creating, or at least enhancing, technologies to store and reuse electricity in ways that are socially, economically and environmentally superior to everything that has preceded them. This is what all the members of the Battery Council International strive to do. I am proud that ABC is a member", said Dr. Edward Shaffer.
Titled: "Advanced Battery Concepts Home Emergency Energy Storage System" and subtitled: "Responsibly Commercialized Innovation", the company's application sought to solve a specific problem: Michigan's ranking in the U.S. Top Five States for power outages and outage duration.
A recent study conducted by the University of Michigan's Ross School of Business MAP (Multidisciplinary Action Projects) Team framed the problem: "Homeowners are seeking a safe, silent, affordable and touch-free backup emergency power solution with a small environmental impact footprint".
In September, 2021, ABC introduced its Home Emergency Energy System (HEES) to conform to the parameters and constraints outlined in the University of Michigan study.
GreenSeal® technology and the resulting GreenSeal batteries have been refined, advanced and commercialized including the perfection of unique and innovative core manufacturing processes and equipment to introduce the most efficient lead battery today. When coupled with an industry-leading power conversion system integrated into a homeowner friendly package, the innovative content inside the HEES system provides affordable unfailing security against power loss from weather, aging infrastructure, excessive consumer demand or lack of sufficient supply. Launched for Beta testing within Michigan, initially, the HEES introduction carries an industry standard warranty.
The HEES system relies on critical technology built into the GreenSeal® bipolar battery which holds 18kWh of energy available to be delivered at up to 6.8kW continuous power for home energy supply in the absence of stable continuous grid power. Available energy can be expanded by adding additional storage enclosures up to 36kWh of total energy available.
The HEES system is attractive and functional in addition to providing seamless power transition in the event of a grid power disruption. No noise, no fumes, no maintenance and no on-going consumable costs make the Home Emergency Energy Storage system from Advanced Battery Concepts a consumer-friendly reliable power backup. Taking up minimal floor space and fitting in almost any available area in the home, the HEES system can be placed in the garage, attic, basement, utility room or even in a living space.
ABC is leading the way into the stationary, long duration energy storage markets with proprietary, safe, low cost and responsible energy storage systems leveraging the benefits of bi-polar battery technology. The HEES system is a first step in a multi-year product rollout by ABC that responds to the growing demand for economically viable energy storage solutions as fossil fuels give way to alternative sources of energy most notably renewable wind and solar.
The HEES system with its proprietary GreenSeal® batteries as the energy storage component truly represents one of the most innovative energy storage systems available and worthy of the honor bestowed on Advanced Battery Concepts by the Battery Council International (BCI).
About Advanced Battery Concepts
As a global leader in bi-polar battery invention and manufacturing, the company has developed an extensive portfolio of patents and trade secrets, benefitting its licensees and other customers, termed GreenSeal® Technology. This technology delivers improved battery performance at lower production costs for traditional lead batteries while also enabling application to other advanced chemistries.
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SOURCE Advanced Battery Concepts | https://www.whsv.com/prnewswire/2022/05/02/advanced-battery-concepts-llc-receives-2022-bci-innovation-award/ | 2022-05-02T22:26:09Z |
Ambow Education Announces Second Half and Full Year 2021 Financial Results
Published: May. 2, 2022 at 5:30 PM EDT|Updated: 55 minutes ago
BEIJING, May 2, 2022 /PRNewswire/ -- Ambow Education Holding Ltd. ("Ambow" or the "Company") (NYSE American: AMBO), a leading cross-border career educational and technology service provider, today announced its financial and operating results for the third and fourth quarters of 2021, which have not been audited or reviewed by the Company's independent registered accounting firm, as well as its audited financial and operating results for the full fiscal year, ended December 31, 2021.
"We remained focused on strengthening our core competencies during the second half of 2021: creating and providing high-quality, technology-driven educational and career enhancement products and services," noted Dr. Jin Huang, Ambow's President and Chief Executive Officer. "Amid the fast-evolving environment, we skillfully adapted our business to new PRC regulatory requirements and achieved total revenues of RMB 496.9 million (US$ 78.0 million) in the full year 2021."
"I firmly believe that our long-standing ability to innovate and advance technology will continue to drive our sustainable growth. Our valuable patent portfolio encompassing a wide spectrum of educational technologies is unparalleled in the industry. Notably, our cutting-edge multimedia blackboard technology received a new U.S. patent in September 2021, underscoring our industry-leading technology capabilities. As both a pioneer and veteran in the career educational services sector, we also remain dedicated to the development of Industry-University collaborative and coordinated education. In October 2021, the Ministry of Education ("MoE") again added Ambow to its list of approved enterprises for the Industry-University Cooperation and Collaborative Education Project. Furthermore, in December 2021, MoE selected Ambow to its first group of companies for participation in its Education Program for Connecting Talent Supply and Demand to Promote Employment, affirming the exceptional quality of our collaborative projects," Dr. Huang added.
"Looking ahead, we will continue to deepen our commitment to addressing the career education sector's critical demands and harnessing our core capabilities to meet those needs with innovative services and products. Building on our 20-year proven track record, resilient business model and strategic efforts, we believe we are well positioned to deliver sustainable, long-term growth to our shareholders," concluded Dr. Huang.
Third Quarter 2021 Financial Highlights
- Net revenues in the third quarter of 2021 were RMB 76.2 million (US$ 11.8 million), compared with RMB 112.7 million (US$ 16.6 million) in the same period of 2020. The decrease was primarily due to the impact of the 2021 Implementing Rules for the Law for Promoting Private Education (the "2021 Implementing Rules") on the Company's compulsory education business ("K-9 business") from September 1, 2021, as well as a high base effect resulting from the one-month extension of the spring semester at the Company's K-12 schools in the third quarter of 2020 and fewer services provided at the Company's tutoring centers and training offices during the third quarter of 2021.
- Gross profit in the third quarter of 2021 was RMB 2.8 million (US$ 0.4 million), compared with RMB 6.5 million (US$ 1.0 million) in the same period of 2020. Gross profit margin was 3.7%, compared with 5.8% in the third quarter of 2020. The decreases in gross profit and gross margin were mainly attributable to the impact of the 2021 Implementing Rules on the Company's K-12 schools business.
- Operating expenses in the third quarter of 2021 decreased by 29.9% to RMB 66.7 million (US$ 10.4 million) from RMB 95.1 million (US$ 14.0 million) in the same period of 2020. The decrease was primarily attributable to reduced impairment loss on long-lived assets and stringent expense controls to improve operating efficiency.
- Operating loss in the third quarter of 2021 was RMB 63.9 million (US$ 9.9 million), compared with RMB 88.6 million (US$ 13.1 million) in the same period of 2020.
- Net income attributable to ordinary shareholders was RMB 31.9 million (US$ 4.9 million), or RMB 0.68 (US$ 0.11) per basic and diluted share, compared with a net loss of RMB 84.5 million (US$ 12.5 million), or RMB 1.94 (US$ 0.29) per basic and diluted share, in the same period of 2020. The income was mainly attributable to the gain on disposal of the Company's subsidiaries of RMB 10.8 million (US$ 1.7 million), the gain on the forgiven PPP loan of RMB 9.3 million (US$ 1.4 million), as well as a reversal of income tax payable of RMB 62.8 million (US$ 9.7 million) due to the expiration of its five-year claw-back period during the third quarter of 2021.
Fourth Quarter 2021 Financial Highlights
- Net revenues in the fourth quarter of 2021 were RMB 118.9 million (US$ 18.7 million), compared with RMB 173.5 million (US$ 26.6 million) in the same period of 2020. The decrease was primarily due to the 2021 Implementing Rules to the Company's K-12 schools business from September 2021 being brought into effect, as well as the regulatory changes to our tutoring business in the second half of 2021.
- Gross profit in the fourth quarter of 2021 was RMB 33.9 million (US$ 5.3 million), compared with RMB 66.1 million (US$ 10.1 million) in the same period of 2020. Gross profit margin was 28.5%, compared with 38.1% in the third quarter of 2020. The decreases in gross profit and gross margin were mainly attributable to the decrease in net revenues.
- Operating expenses in the fourth quarter of 2021 increased by 8.9% to RMB 68.4 million (US$ 10.7 million) from RMB 62.8 million (US$ 9.6 million) in the same period of 2020. The increase was primarily due to additional research and development expenditures.
- Operating loss in the fourth quarter of 2021 was RMB 34.4 million (US$ 5.4 million), compared with an operating income of RMB 3.3 million (US$ 0.5 million) in the same period of 2020.
- Net loss attributable to ordinary shareholders was RMB 37.0 million (US$ 5.8 million), or RMB 0.79 (US$ 0.12) per basic and diluted share, compared with a net income of RMB 11.0 million (US$ 1.7 million), or RMB 0.23 (US$ 0.04) per basic and diluted share, in the same period of 2020. The net loss was mainly caused by the decrease in the gross profit stemming from the impact of the 2021 Implementing Rules on the Company's K-12 schools business.
- As of December 31, 2021, Ambow maintained strong cash resources of RMB 177.0 million (US$ 27.8 million), comprised of cash and cash equivalents of RMB 157.4 million (US$ 24.7 million), short-term investments of RMB 17.8 million (US$ 2.8 million) and restricted cash of RMB 1.8 million (US$ 0.3 million).
Full Fiscal Year 2021 Financial Highlights
- Net revenues in fiscal year 2021 decreased by 6.6% to RMB 496.9 million (US$ 78.0 million) from RMB 532.0 million (US$ 81.5 million) in 2020. The decrease was primarily due to the 2021 Implementing Rules to the Company's K-12 schools business coming into effect, as well as the regulatory changes to our tutoring business in the second half of 2021.
- Gross profit in fiscal year 2021 increased by 8.9% to RMB 157.3 million (US$ 24.7 million) from RMB 144.5 million (US$ 22.1 million) in 2020. Gross profit margin was 31.7%, compared with 27.2% in 2020. The increases in gross profit and gross margin were mainly attributable to stringent cost controls during 2021.
- Operating expenses in fiscal year 2021 decreased by 6.9% to RMB 250.5 million (US$ 39.3 million) from RMB 269.0 million (US$ 41.2 million) in 2020. The decrease was primarily attributable to reduced impairment loss on long-lived assets during 2021.
- Operating loss in fiscal year 2021 was RMB 93.2 million (US$ 14.6 million), compared with RMB 124.6 million (US$ 19.1 million) in 2020.
- Net income attributable to ordinary shareholders was RMB 3.0 million (US$ 0.5 million), or RMB 0.06 (US$ 0.01) per basic and diluted share, compared with a net loss of RMB 62.7 million (US$ 9.6 million), or RMB 1.41 (US$ 0.22) per basic and diluted share, in 2020. The income was mainly attributable to the gain on the disposal of the Company's subsidiaries of RMB 12.2 million (US$ 1.9 million), the gain on the forgiven PPP loan of RMB 9.3 million (US$ 1.5 million), as well as a reversal of income tax payable of RMB 62.8 million (US$ 9.7 million) due to the expiration of its five-year claw-back period during 2021.
Impact of 2021 Implementing Rules for the Law for Promoting Private Education
On May 14, 2021, the People's Republic of China's State Council promulgated the 2021 Implementing Rules for the Law for Promoting Private Education (the "2021 Implementing Rules"), which became effective on September 1, 2021. The Implementing Rules prohibit foreign-invested enterprises established in China and social organizations whose actual controllers are foreign parties from controlling private schools that provide compulsory education by means of mergers, acquisitions, contractual arrangements, etc., and private schools providing compulsory education are prohibited from conducting transactions with their related parties.
To comply with the 2021 Implementing Rules, the Company planned to sell its business providing compulsory education services at its three K-12 schools to a third party on September 1, 2021. The Company has found a third party buyer and signed a definitive sales agreement, which is currently under registration process and expected to be completed within one year from December 31, 2021. As the transaction was not closed as of December 31, 2021, and such business did not meet the definition of a "component" under US GAAP to be presented as a discontinued operation, the Company recorded the assets and liabilities of the K-9 business as "Held for Sale" in accordance with ASC 360. The assets and liabilities of the K-9 business classified as held for sale were presented separately in the asset and liability sections, respectively, of the Consolidated Balance Sheet as of December 31, 2021.
The Company's financial and operating results for the third quarter and fourth quarters of 2021, as well as the full fiscal year ended December 31, 2021 can also be found on its Form 6-K and 20-F filed with the U.S. Securities and Exchange Commission at www.sec.gov.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all amounts translated from RMB to U.S. dollars for the third quarter and first nine months of 2021 are based on the effective exchange rate of 6.4434 as of September 30, 2021; all amounts translated from RMB to U.S. dollars for the third quarter and first nine months of 2020 are based on the effective exchange rate of 6.7896 as of September 30, 2020; all amounts translated from RMB to U.S. dollars for the fourth quarter and fiscal year of 2021 are based on the effective exchange rate of 6.3726 as of December 30, 2021; all amounts translated from RMB to U.S. dollars for the fourth quarter and fiscal year of 2020 are based on the effective exchange rate of 6.5250 as of December 31, 2020. The exchange rates were according to the middle rate as set forth in the H.10 statistical release of the U.S. Federal Reserve Board. Fluctuations in financial highlights are based on RMB amounts.
About Ambow Education Holding Ltd.
Ambow Education Holding Ltd. is a leading cross-border career educational and technology service provider, offering high-quality, individualized services and products. With its extensive network of regional service hubs complemented by a dynamic proprietary learning platform and distributors, Ambow provides its services and products to students in China and the United States of America.
Follow us on Twitter: @Ambow_Education
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the outlook and quotations from management in this announcement, as well as Ambow's strategic and operational plans, contain forward-looking statements. Ambow may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statements, including but not limited to the following: the Company's goals and strategies, expansion plans, the expected growth of the content and application delivery services market, the Company's expectations regarding keeping and strengthening its relationships with its customers, the general economic and business conditions in the regions where the Company provides its solutions and services, and continued compliance with governmental regulations regarding education industry in the People's Republic of China and any other jurisdiction in which the Company conducts its operations. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Ambow undertakes no duty to update such information, except as required under applicable law.
For investor and media inquiries please contact:
Ambow Education Holding Ltd.
Tel: +86-10-6206-8000
The Piacente Group | Investor Relations
Tel: +1-212-481-2050 or +86-10-6508-0677
E-mail: ambow@tpg-ir.com
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SOURCE Ambow Education Holding Ltd.
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.whsv.com/prnewswire/2022/05/02/ambow-education-announces-second-half-full-year-2021-financial-results/ | 2022-05-02T22:26:16Z |
BEIJING, May 2, 2022 /PRNewswire/ -- Ambow Education Holding Ltd. ("Ambow" or the "Company") (NYSE American: AMBO), a leading cross-border career educational and technology service provider, today announced that it filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2021 with the Securities and Exchange Commission (the "SEC") on May 2, 2022.
The Annual Report on Form 20-F can be accessed on the SEC's website at http://www.sec.gov. The Company will provide a hard copy of the Annual Report containing its audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to ir@ambow.com or the Company's Investor Relations at Ambow Education Holding Ltd., 12th Floor, Tower 1, Financial Street, Chang'an Center, Shijingshan District, Beijing 100043, China.
About Ambow Education Holding Ltd.
Ambow Education Holding Ltd. is a leading cross-border career educational and technology service provider, offering high-quality, individualized services and products. With its extensive network of regional service hubs complemented by a dynamic proprietary learning platform and distributors, Ambow provides its services and products to students in China and the United States of America.
Follow us on Twitter: @Ambow_Education
For investor and media inquiries please contact:
Ambow Education Holding Ltd.
Tel: +86 10-6206-8000
Email: ir@ambow.com
The Piacente Group | Investor Relations
Tel: +1 212-481-2050 or +86 10-6508-0677
Email: ambow@tpg-ir.com
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SOURCE Ambow Education Holding Ltd. | https://www.whsv.com/prnewswire/2022/05/02/ambow-files-its-annual-report-form-20-f-fiscal-year-2021/ | 2022-05-02T22:26:22Z |
ARLINGTON, Va., May 2, 2022 /PRNewswire/ -- There are currently more than 37 million American adults living with diabetes. Almost three times that many adults (96 million) are living with prediabetes and 90% are completely unaware. Anyone with diabetes is at risk for diabetes-related eye diseases such as diabetic retinopathy, macular edema, glaucoma, and cataracts. Some groups, however, are at a higher risk of losing their vision or going blind from diabetes, including Black Americans, Hispanics and Latinos, American Indians, and Alaska Natives. While genetic factors likely play a role in these health inequities, so do social, economic, and environmental barriers.
In observance of Healthy Vision Month in May, Focus on Diabetes™—a multi-year initiative that brings together the American Diabetes Association® (ADA) and Visionary Partners, VSP® Vision Care and Regeneron—is highlighting the importance of prioritizing eye health and sharing resources available for people living with diabetes and diabetes-related eye diseases. To help increase awareness in the community, the ADA partnered with their Focus on Diabetes Champion patient advocates—including Tiffani, Randall, Patricia, Natalie, and Rachael—to share their stories of living with diabetes throughout the month.
"Just as diabetes management is not a one-size-fits-all approach, neither is taking care of our eye health," said Dr. Robert Gabbay, chief scientific and medical officer for the ADA. "This Healthy Vision Month, Focus on Diabetes is encouraging you to take control of your health. There are some easy ways to start, from scheduling an annual dilated eye exam, taking or sharing the ADA's RetinaRisk™ calculator and Type 2 Diabetes Risk Test, and promoting resources in your area."
"For the more than 130 million people with diabetes or prediabetes, receiving an annual eye exam is a simple and cost-effective way to help detect potential eye problems early," said VSP Vision Care President Kate Renwick-Espinosa. "Diabetes is the leading cause of new cases of blindness in adults aged 18–64, but it doesn't have to be. In fact, early detection, timely treatment, and appropriate follow-up care can reduce a person's risk for severe vision loss from diabetes-related eye disease by 95 percent."
During this month, Focus on Diabetes will feature Champions on the ADA's Instagram who will share details of their diabetes and eye health journey, as well as host a live chat answering questions from viewers through a Social Media Takeover and Be a Friend Friday (BAFF) events:
- Friday, May 6th: Tiffani Martin – BAFF at 12:00 PM ET
- Friday, May 13th: Randall Barker – BAFF at 11:00 AM ET
- Friday, May 20th: Patricia Welter – BAFF at 11:00 AM ET
"For the millions of people living with diabetes, eye health is often overlooked. Healthy Vision Month serves as an important reminder that eye health is critical for people with diabetes," said Johnathan Lancaster, MD, PhD, senior vice president, Global Medical Affairs at Regeneron. "We are honored to continue this partnership and reinforce our common goal in helping people understand that regular eye exams are critical to maintaining vision and possibly preventing vision loss in the future."
For resources on how to manage ones diabetes and eye health, visit diabetes.org/eyehealth and follow along with us on social media at @AmDiabetesAssn on Twitter, Facebook, Spanish Facebook (Asociación Americana de la Diabetes), Instagram, and LinkedIn for various activations for Healthy Vision Month.
About the American Diabetes Association
The ADA is the nation's leading voluntary health organization fighting to bend the curve on the diabetes epidemic and help people living with diabetes thrive. For 81 years, the ADA has driven discovery and research to treat, manage, and prevent diabetes while working relentlessly for a cure. Through advocacy, program development, and education, we aim to improve the quality of life for the over 133 million Americans living with diabetes or prediabetes. Diabetes has brought us together, what we do next will make us Connected for Life. To learn more or to get involved, visit us at diabetes.org or call 1-800-DIABETES (1-800-342-2383). Join the fight with us on Facebook (American Diabetes Association), Spanish Facebook (Asociación Americana de la Diabetes), Twitter (@AmDiabetesAssn), and Instagram (@AmDiabetesAssn).
About VSP Vision
At VSP Vision, our purpose is to empower human potential through sight. As the first and only national not-for-profit vision benefits company, this is what drives everything we do. For more than 65 years, VSP has been the leader in health-focused vision care. Every day, the people who power our complementary businesses (VSP® Vision Care, Marchon® Eyewear, Inc., Visionworks®, Eyefinity®, Eyeconic®, VSP Optics, and VSP Ventures) work together to create a world where everyone can bring their best vision to life. That means providing affordable access to eye care and eyewear for more than 85 million members through a network of more than 41,000 doctors. And it means expanding access to vision care to those disadvantaged by income, distance, or disaster. Through VSP Eyes of Hope®, more than 3.6 million people in need have received no-cost eye care and eyewear. Learn more about how we're reinvesting in greater vision, health, and opportunities for all at vspvision.com.
About Regeneron
Regeneron is a leading biotechnology company that invents, develops and commercializes life-transforming medicines for people with serious diseases. Founded and led for nearly 35 years by physician-scientists, our unique ability to repeatedly translate science into medicine has led to numerous FDA-approved treatments and candidates in development. Regeneron is accelerating and improving the traditional drug development process through our proprietary VelociSuite® technologies, and through research initiatives such as the Regeneron Genetics Center. Visit Regeneron.com to learn more.
Contact: Daisy Diaz, 703-253-4807
press@diabetes.org
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SOURCE American Diabetes Association | https://www.whsv.com/prnewswire/2022/05/02/american-diabetes-association-with-visionary-partners-vsp-vision-care-regeneron-address-barriers-accessing-resources-manage-ones-eye-health/ | 2022-05-02T22:26:28Z |
NEW YORK, May 2, 2022 /PRNewswire/ -- American Skin Association has announced the names of the two awardees receiving the coveted research grant under the ASA Milstein Research Scholar Awards program. This year Angel Byrd, MD, PhD of the Howard University College of Medicine, and Jennifer Gill, MD, PhD of the University of Texas Southwestern Medical Center were selected to receive the ASA Milstein Research Scholar Award for Melanoma/Non-Melanoma Skin Cancer Grants.
Another sought-after grant includes the ASA Daneen & Charles Stiefel Investigative Scientist Award in Melanoma Research. Nicholas Gulati, MD, PhD of Icahn School of Medicine at Mount Sinai was selected to receive the award. Over the years, the Stiefel Family—longtime supporters of ASA—has generously contributed $600,000 to support grants for melanoma research. This funding aims to support emerging leaders in dermatology, who are focused on understanding melanoma better, in hopes of finding a cure.
In addition, 5 other research grants—made possible through the generosity of individuals, foundations, and corporations—were also announced.
For thirty-five years, in advancement of its vital mission to serve the more than 100 million Americans afflicted with skin disorders, ASA and its affiliates have funded over $50 million in grants. ASA's primary goal is to enhance treatments and continue working towards cures for melanoma, vitiligo, psoriasis, atopic dermatitis, and other skin diseases.
"These grants in support of cutting-edge dermatological research are crucial in furthering ASA's goal of defeating skin cancers like melanoma. Although the skin is our largest and perhaps most exposed organ, dermatological research remains one of the most underfunded areas of medicine. ASA's support will improve the chances of finding the long sought-after cure and bringing hope to the millions suffering from devastating skin cancer and other skin diseases," said ASA Chairman, Howard P. Milstein.
ASA's grant program is run by its Medical Advisory Committee (MAC), comprised of leading scientists and physicians who volunteer their time to oversee the annual grant process. Through their leadership, ASA's grant program has supported the work of over 300 investigators, ranging from talented researchers in the early phases of their careers to recognized leaders in the field of dermatology.
"ASA's Medical Advisory Committee is excited to announce the 2022 awards. This year's awardees indicate the growing power of research in basic, translational, and clinical Dermatology. Never before have advances in basic research so quickly led to new treatment approaches. New treatments for vitiligo, psoriasis, atopic dermatitis, melanoma, and other types of skin cancer are just around the corner, fueled by important funding contributions by the ASA," said ASA President and MAC Co-Chair, Dr. David A. Norris.
ASA provides significant research awards to established investigators and medical students studying melanoma, non-melanoma skin cancer, and other skin diseases. Through these grants, ASA has promoted the early careers of many gifted young investigators and has had a profound influence both on dermatology research and clinical care of dermatologic disease. Over the years, ASA-funded researchers have had an extensive impact on the understanding of melanoma by improving our insight into the diagnosis, treatment, and prognosis. With an exclusive focus on skin disease research, ASA has helped open new frontiers in skin science by producing results that will change how we understand and treat these diseases.
The following are the recipients of the 2022 Investigative Scientist Award, Research Scholar Awards, Research Grants, and Medical Student Grants:
2022 ASA Daneen & Charles Stiefel Investigative Scientist Award for Melanoma Research
Nicholas Gulati, MD, PhD
Icahn School of Medicine at Mount Sinai
Project Title: Use of Topical Diphencyprone to Improve Efficacy of Checkpoint Inhibition in Melanoma Patients.
2022 ASA Milstein Research Scholar Award for Melanoma/Non-Melanoma Skin Cancer
Angel Byrd, MD, PhD
Howard University College of Medicine
Project Title: Examining Gene Expression in Mycosis Fungoides in Skin of Color.
2022 ASA Milstein Research Scholar Award for Melanoma/Non-Melanoma Skin Cancer
Jennifer Gill, MD, PhD
University of Texas Southwestern Medical Center
Project Title: Characterizing the Role of GAPDHS As a Metastatic Suppressor in Human Melanoma.
2022 ASA Calder Research Scholar Award in Vitiligo/Pigment Cell Disorders
Jessica Shiu, MD, PhD
University of California Irvine
Project Title: Investigating the Role of Keratinocyte-derived Signaling Networks in Vitiligo Initiation.
2022 ASA Mulvaney Family Foundation Research Grant in Vitiligo/Pigment Cell Disorders
Ahmad Aleisa, MD, FAAD
Medical University of South Carolina
Project Title: Daily Topical Rapamycin (Sirolimus)Therapy for the Treatment of Vitiligo.
2022 ASA Castle Biosciences Research Grant for Melanoma
Goran Micevic, MD, PhD
Yale School of Medicine
Project Title: Epigenetic Regulation of Slamf6 as a Therapeutic Strategy in Melanoma Immunotherapy.
2022 ASA Medical Student Grant Targeting Melanoma and Skin Cancer
Ms. Anngela Adams
University of Arizona College of Medicine – Phoenix
Project Title: Novel Cutaneous Squamous Cell Carcinoma Model to Investigate Tumor-specific T Cell Responses.
2022 ASA Medical Student Grant Targeting Melanoma and Skin Cancer
Ms. Victoria Mroz
Icahn School of Medicine at Mount Sinai
Project Title: Role of ETS Transcription Factors in Cutaneous Squamous Cell Carcinoma Subpopulation Heterogeneity.
A unique collaboration of patients, families, advocates, physicians, and scientists, ASA has evolved over thirty-five years as a leading force in efforts to defeat melanoma, vitiligo, psoriasis, atopic dermatitis, and other skin diseases. Established to serve the now more than 100 million Americans – one-third of the U.S. population – afflicted with skin disorders, the organization's mission remains to: advance research, champion skin health, particularly among children, and drive public awareness about skin disease. ASA is a 501(c)3 non-profit organization. For more information, visit americanskin.org.
American Skin Association has earned Candid's Seal of Platinum Transparency.
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VANCOUVER, BC, May 2, 2022 /PRNewswire/ - Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE American: ASM) (FSE: GV6) ("Avino" or "the Company"), announced that in line with its strategic plans to become an intermediate producer in Mexico, the Company has granted Endurance Gold Corporation (EDG – TSX.V; ENDGF – OTC Pink; 3EG – Berlin Open Market, or "Endurance") the right to acquire an option to earn 100% ownership of the former Minto Gold Mine, Olympic and Kelvin gold prospects contained within a parcel of crown grants and mineral claims (the "Olympic Claims").
The Olympic Claims are owned by Avino and are located on the north and south shores of BC Hydro's Carpenter Lake Reservoir in the Bridge River Valley, east of the Royal Shear trend.
"As part of Avino's ongoing plans and recent strategic acquisition of La Preciosa, our goal is to focus on expanding our current mining complex, and advancing towards intermediate producer status", said David Wolfin, President and CEO of Avino. "To divest of this non-core asset which has previously been inactive, allows us to transform quicker and emerge stronger by focusing on our core operations in Mexico."
Under the terms of the letter agreement, Endurance can earn a 100% interest in the Olympic Claims if they pay Avino a total cash consideration in the aggregate amount of $100,000, issue up to a total of 1,500,000 common shares ('Shares') of Endurance and incur exploration expenditures in the aggregate amount of $300,000; all of which is to be incurred by December 31, 2024.
In the event that Endurance earns the 100% interest, the Olympic Claims will be subject to a 2% net smelter return royalty ("NSR"), of which 1% NSR can be purchased by the Endurance for $750,000 and the remaining balance of the NSR can be purchased for $1,000,000.
As part of the final requirement to earn its interest, Endurance agreed to grant to Avino 750,000 share purchase warrants ("Warrants") by December 31, 2024, that offer Avino the option to purchase additional shares in the Company for a period of three years from the date of issuance. The exercise price of the Warrants will be set at a 25% premium to the 20-day VWAP share price at the issuance date. During the Option, if Endurance is successful in defining a compliant mineral resource of at least 500,000 gold-equivalent ounces on the Olympic Claims then Endurance will be obliged to pay Avino a $1,000,000 discovery bonus.
The Option agreement is subject to the TSX Venture Exchange acceptance, and any Shares or Warrants to be issued will be subject to a four-month hold period on issuance as per the policies of the TSX Venture Exchange.
Avino is primarily a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company's silver, gold and copper production remains unhedged. The Company's mission and strategy is to create shareholder value through its focus on profitable organic growth at the historic Avino Property and the strategic acquisition of mineral exploration and mining properties. We are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which we operate. We encourage you to connect with us on Twitter at @Avino_ASM and on LinkedIn at Avino Silver & Gold Mines. To view the Avino Mine VRIFY tour, please click here.
ON BEHALF OF THE BOARD
"David Wolfin"
David Wolfin
President & Chief Executive Officer
This news release contains "forward-looking information" and "forward-looking statements" (together, the "forward looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events as at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements. No assurance can be given that the Company's Avino Property nor the La Preciosa Property have the amount of the mineral resources indicated in their reports or that such mineral resources may be economically extracted. Such factors and assumptions include, among others, the effects of general economic conditions, the price of gold, silver and copper, changing foreign exchange rates and actions by government authorities, uncertainties associated with legal proceedings and negotiations and misjudgments in the course of preparing forward-looking information. In addition, there are known and unknown risk factors which could cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Known risk factors include risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; the COVID-19 pandemic; volatility in the global financial markets; fluctuations in metal prices; title matters; uncertainties and risks related to carrying on business in foreign countries; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain of our officers, directors or promoters with certain other projects; the absence of dividends; currency fluctuations; competition; dilution; the volatility of the our common share price and volume; tax consequences to U.S. investors; and other risks and uncertainties. Although we have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. We are under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. For more detailed information regarding the Company including its risk factors, investors are directed to the Company's Annual Report on Form 20-F and other periodic reports that its files with the U.S. Securities and Exchange Commission.
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SOURCE Avino Silver & Gold Mines Ltd. | https://www.whsv.com/prnewswire/2022/05/02/avino-grants-option-endurance-gold-acquire-olympic-claims-continues-with-strategy-divesting-non-core-assets/ | 2022-05-02T22:26:42Z |
Patrons of participating libraries have access to more than 450 titles – including extended learning titles and beloved comics – for unlimited borrowing throughout May on hoopla digital
HOLLAND, Ohio, May 2, 2022 /PRNewswire/ -- hoopla digital, the category-creating service for public libraries, today has revealed the collection for its popular Bonus Borrows program: a curated collection of more than 450 popular titles featuring extended learning and discovery for all ages, available to library patrons for unlimited borrowing that will not impact monthly borrow limits.
"For our May Bonus Borrows program, hoopla digital is offering our partner libraries a variety of genres that celebrate learning a new skill and entertainment for all ages," said hoopla digital founder Jeff Jankowski. "Young learners, students, and adults seeking new opportunities in this vibrant labor market are seeking new paths to explore areas of interest and develop new skills. We curated this Bonus Borrows collection to support the strides they are seeking to make in their learning and development."
hoopla digital's May Bonus Borrows collection includes titles featured in collections like Discover a New Series and Learn a New Skill, as well as the Just for Kids! collection:
- Discover a New Series featuring: Hideous Beauty by Jack Cavanaugh and Then Came You (Part 1 of The Youngers Series) by Iris Morland
- Learn a New Skill featuring: Fluent Forever: How To Learn Any Language Fast And Never Forget It by Gabriel Wyner and Learn To Program by Heather Lyons, Elizabeth Tweedale
- Criminal Mysteries featuring: The Extraordinary Adventures Of Arsène Lupin, Gentleman-Burglar (Part 1 of the Adventures of Arsène Lupin series) by Maurice Leblanc and Payback (Part 2 of the Sisterhood (Michaels) series) by Fern Michaels
- Finding Your Voice featuring: The Hate Project (Part 2 of the Love Study series) by Kris Ripper and Dawn Raid by Pauline Vaeluaga Smith
- Just for Kids! featuring: The Boxcar Children by Gertrude Chandler Warner and Summer Adventure For Groot! by Brendan Deneen
- Your Travel & Culture Companion featuring: Africa Is Not A Country by Mark Melnicove and Margy Burns Knight and Mt. Rushmore And The Black Hills directed by Greg Gricus
- Sci-Fi & Fantasy featuring: Rise Of The Dragons (Part 1 of the Kings and Sorcerers series) by Morgan Rice and The Ables (Part 1 of the Ables series) by Jeremy Scott
- Suspenseful Tales featuring: Don't Look by Molly Black and The Night Will Find Us by Matthew Lyons
"We started the Bonus Borrows program early in the pandemic in response to increased demand for accessible library content and resources. Since receiving enormously positive feedback from our partner libraries and their patrons, we are excited to be able to continue the promotion quarterly to meet extraordinary demand," said Jankowski.
Throughout the month of May, hoopla digital's Bonus Borrows collection, including eBooks, audiobooks, comics, television and movies, is free to libraries and cost patrons zero monthly hoopla Instant Borrows. Highlights of this collection include popular and beloved comics such as Star Wars: Darth Vader Vol. 1 - Dark Heart Of The Sith by Greg Pak and illustrated by Raffaele Ienco, All-Star Batman Vol. 1: My Own Worst Enemy by Scott Snyder, illustrated by John Romita Jr., and My Little Pony: Friends Forever Vol. 1 by Alex De Campi, Jeremy Whitley, Ted Anderson, Rob Anderson and illustrated by Carla Speed McNeil, Amy Mebberson.
hoopla digital offers 24/7 access to borrow, download, and stream more than one million eBooks, audiobooks, comics, movies, music albums, and television episodes, with a valid library card from a participating public library. Librarians interested in offering hoopla digital to patrons should contact 800-875-2785 (US), 866-698-2231 (Canada), or (02) 4732-3480 (Australia and New Zealand).
To access content on hoopla digital, cardholders of participating libraries can download the free hoopla digital mobile app on their Android or iOS device or visit hoopladigital.com. hoopla digital is in more than 8,500 public libraries across the U.S., Canada, Australia, and New Zealand, including Chicago Public Library, San Francisco Public Library, and Los Angeles Public Library. Visit hoopladigital.com to find out if your library partners with hoopla.
About hoopla digital
hoopla is a category-creating service that partners with public libraries across North America, Australia, and New Zealand to provide online and mobile access to thousands of movies, TV shows, music albums, eBooks, audiobooks, and comics. With hoopla digital, patrons can borrow, instantly stream, and download dynamic content with a valid library card. All content is accessible via hoopla digital's mobile app and online at hoopladigital.com. hoopla digital is a service of Midwest Tape, a trusted partner to public libraries for over 30 years.
Media Contact:
Erin LaRossa
MWW for hoopla digital
elarossa@mww.com
312.981.8549
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SOURCE hoopla digital | https://www.whsv.com/prnewswire/2022/05/02/bonus-borrows-return-hoopla-digital-during-may-kickstart-summer-reading-season/ | 2022-05-02T22:26:48Z |
GENEVA, May 2, 2022 /PRNewswire/ -- Camper & Nicholsons, the global leader in all luxury yachting activities, specializing in the sale, purchase, charter, marketing, management, and construction, project management and insurance of the finest yachts in the world, today announced the company is accepting cryptocurrency for payment for goods and services from BitPay, the world's largest provider of Bitcoin and cryptocurrency payment services.
The ability to accept cryptocurrency enables Camper & Nicholsons to attract new customers and sales by tapping the massive crypto marketplace. The 240-year-old company accepts cryptocurrency payments for all of its yacht fleet for sale, charter and all services provided.
"We decided to accept crypto to expand our market, cater to new consumer preferences, and give customers more options, flexibility, and freedom," said Paolo Casani, CEO at Camper & Nicholsons. "BitPay manages the entire process and makes it easy and safe to receive crypto from the customer and deposits cash into our account."
Camper & Nicholsons benefits by adding cryptocurrency to its payment options while reducing high fees increasing payment transparency and efficiency. BitPay pioneered blockchain payment processing to enable borderless payments using cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB), Wrapped Bitcoin (WBTC) and 5 USD-pegged stable coins (BUSD, DAI, GUSD, USDC, and USDP). BitPay's business solutions eliminate transaction fraud, reduce the cost of payment processing, and enable borderless payments in cryptocurrency. Using BitPay, Camper & Nicholsons receives settlement the next business day directly to its bank account in its local fiat currency such as USD or Euros. There is no cryptocurrency price volatility or risk to the company.
"Camper & Nicholsons realizes the potential for crypto to transform the yachting industry, making payments faster, more secure, and less expensive on a global scale," said Merrick Theobald, Vice President of Marketing at BitPay. "With the total market cap of crypto approaching $2 trillion, Camper & Nicholsons is also now well-positioned to take advantage of this wealth by helping those crypto holders who are looking to purchase luxury items like yacht sales and yacht charters."
About Camper & Nicholsons
Camper & Nicholsons International is one of the oldest yachting companies in the world, founded in 1782 as a shipyard in Gosport, England. Today, Camper & Nicholsons is the global leader in luxury yachting activities with 11 offices around the world spread across 4 continents. Camper & Nicholsons provides full-scale turnkey services for clients including Sales & Purchase, New Construction, Yacht Charter, Yacht Management, Project Management, Charter Marketing, Crew Placement, Refit & Repair, and Capital and Insurance.
Camper & Nicholsons has been involved in over 2,400 yacht projects since 1782. Today, we have over 140 yachts in our sales fleet and charter management fleet and over 44,000 gross tonnes of yachts under our management.
For more information visit camperandnicholsons.com.
About BitPay
Founded in 2011, BitPay is one of the oldest cryptocurrency companies. As a pioneer in blockchain payment processing, the company's mission is to transform how businesses and people send, receive, and store money. Its business solutions eliminate fraud chargebacks, reduce the cost of payment processing, and enable borderless payments in cryptocurrency, among other services. BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Card, enabling them to turn digital assets into dollars for spending at tens of thousands of businesses. For more information visit bitpay.com.
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Contact:
Cintia Pinto
T: +41 22 810 82 01
M: +41 79 722 17 82
cpino@camperandnicholsons.com
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SOURCE Camper & Nicholsons SA | https://www.whsv.com/prnewswire/2022/05/02/camper-amp-nicholsons-international-selects-bitpay-accept-cryptocurrency-payments/ | 2022-05-02T22:26:55Z |
- FY 2021 Revenue up 22% YoY to $63.7 Million; Adjusted EBITDA up 90% YoY to $19.6 million -
- Q4 2021 Revenue up 13% YoY to $16.5 Million; Adjusted EBITDA up 55% YoY to $5.1 million -
- Preliminary Q1 2022 Revenue up 33% YoY to $20.1 Million -
- Filing of Audited Annual Financial Statements and Related Materials Delayed -
- Management Conference Call Scheduled for Today at 5:00 p.m. Eastern Time -
MIAMI, May 2, 2022 /PRNewswire/ - Cansortium Inc. (CSE: TIUM.U) (OTCQX: CNTMF) ("Cansortium" or the "Company"), a vertically-integrated cannabis company operating under the Fluent™ brand, today announced preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2021. The Company is also providing select preliminary unaudited first quarter results for the quarter ended March 31, 2022. Unless otherwise indicated, all results are presented in U.S. dollars.
"We ended 2021 on a high note with record fourth quarter results, and our momentum has carried into the first quarter of 2022," said CEO Robert Beasley. "We have grown revenue sequentially every month between October 2021 and March 2022 due to both cultivation improvements across our facilities in Florida as well as new capacity coming online in December and February. We are now harvesting double the biomass per week compared to last year. The recent 4/20 holiday was also our strongest day of sales in company history, further reflecting our continued momentum into Q2. I cannot thank our team enough for their hard work over the past year to help us reach this inflection point.
"Although our results are dramatically improving, we are disappointed to report that our auditors require more time to complete their audit procedures, delaying the filing of our 2021 audited financial statements. We understand the frustration this will cause with our shareholders, and we are equally frustrated as our auditors previously communicated that our required filings would be completed by today's deadline. We have provided all the required information for the auditors to complete their review and expect to have our various filings completed soon.
"Despite this frustration over the audit process, we expect another strong year of growth highlighted by new store openings, continued new patient acquisition, ramping new cultivation and further improving our flower quality. For the first time, we now have an adequate level of supply for our 27-store footprint in Florida, and our results over the past couple months validate that our stores can thrive with more product to sell. Our management team is highly motivated by the dramatic uptrend in sales and the morale within the company is at an all-time high."
Q4 2021 Preliminary Financial Highlights (vs. Q4 2020)
- Revenue increased 13% to $16.5 million compared to $14.7 million.
- Expected Operating loss decreased to $(1.6) million compared to $(9.7) million.
- Expected Adjusted EBITDA increased 55% to $5.1 million or 31.0% of revenue, compared to $3.3 million or 22.5% of revenue.
FY 2021 Preliminary Financial Highlights (vs. FY 2020)
- Revenue increased 22% to $63.7 million compared to $52.4 million.
- Expected Operating loss decreased to $(2.4) million compared to $(8.4) million.
- Expected Adjusted EBITDA increased 90% to $19.6 million or 30.8% of revenue, compared to $10.3 million or 19.6% of revenue.
Q1 2022 Preliminary Results & Recent Highlights
- Revenue increased 33% year-over-year to $20.1 million compared to $15.1 million.
- In Florida, average biomass harvested per week has increased approximately 100% in Q1 2022 compared to Q4 2021 due to new cultivation ramping.
- Inventory shipped in Florida increased 75% in March 2022 compared to December 2021, reflecting the highest levels of inventory in company history.
- Sales in milligrams ("mgs") of THC increased by 173%, from 5.6 million mgs in the first week of Q1 2022 to 15.4 million mgs in the 16th week of 2022.
- New patient acquisition in Florida increased approximately 16% in Q1 2022 compared to Q4 2021 due to increased community outreach engagement, competitive pricing and fully stocked inventories.
- In late April, the Company opened its third dispensary in Pennsylvania in Annville.
2022 Outlook
The Company expects revenue in 2022 to range between $90-$95 million, reflecting an approximate 45% increase from 2021 at the midpoint. Cansortium also expects adjusted EBITDA in 2022 to range between $25-$28 million, reflecting an approximate 35% increase from 2021.
Delayed Filing of Audited Annual Financial Statements and Related Materials
As a result of additional time required by the Company's auditors to complete their remaining audit procedures, Cansortium will not be filing its periodic disclosure documents (the "Annual Filings") by the filing deadline of May 2, 2022. The Company has sought from, and is in communication with, the Ontario Securities Commission ("OSC") concerning the availability of a management cease trade order in respect of the missed deadline for the Annual Filings.
If an MCTO is granted, it is expected that the general investing public will continue to be able to trade in the Company's listed common shares, however, the Company's Chief Executive Officer and Chief Financial Officer will not be able to trade in the Company's common shares. The Company confirms it will comply with the provisions of the alternative information guidelines under National Policy 12-203 – Management Cease Trade Orders for so long as an MCTO remains in effect.
The Company has been actively engaged in discussions with its auditors over the past two weeks and was only recently informed that they would not complete the filings ahead of the deadline.
The causes of the delay are not material to the Company nor its operations. Notwithstanding the delay, the Company continues to operate normally without disruption and is working diligently and expeditiously with its auditors to complete the Annual Filings as soon as possible.
The Company is not currently subject to any insolvency proceedings. The Company also confirms that there is no other material information concerning the affairs of the Company that has not been generally disclosed as of the date of this press release.
The Company will advise, by way of press release, if the MCTO is granted. If the MCTO is not granted, it is expected that the OSC will issue a failure-to-file cease trade order. If a failure-to-file cease trade order is made, the Company will advise, by way of press release, setting out the particulars thereof and will comply with its related obligations.
Conference Call
The Company will host a conference call and live audio webcast today at 5:00 p.m. Eastern time to discuss its preliminary financial results, operational highlights and the delayed filing, followed by a question-and-answer period.
Toll-free dial-in number: (800) 319-4610
International dial-in number: (604) 638-5340
Conference ID: 10018936
Link: Cansortium Conference Call
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Elevate IR at (720) 330-2829.
The conference call will also be available for replay via the News & Events section of the Company's investor relations website at https://investors.getfluent.com/.
About Cansortium Inc.
Cansortium is a vertically-integrated cannabis company with licenses and operations in Florida, Pennsylvania, Michigan and Texas. The Company operates under the Fluent™ brand and is dedicated to being one of the highest quality cannabis companies for the communities it serves. This is driven by Cansortium's unrelenting commitment to operational excellence in cultivation, production, distribution and retail. The Company is headquartered in Miami, Florida.
Cansortium Inc.'s common shares trade on the CSE under the symbol "TIUM.U" and on the OTCQX Best Market under the symbol "CNTMF." For more information about the Company, please visit www.getfluent.com.
Forward-Looking Information
Certain information in this news release may constitute forward-looking information within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved". In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent the Company's expectations, estimates, and projections regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements or information with respect to the Annual Filings, whether the Company will receive an MCTO rather than the CTO, and if issued whether the MCTO or CTO can be timely lifted or limited in scope.
Forward-looking information is necessarily based on many opinions, assumptions, and estimates that, while considered reasonable by the Company as of the date of this news release, are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to the factors described in the public documents of the Company available at www.sedar.com. These factors are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.
For further information: www.getfluent.com
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SOURCE Cansortium Inc | https://www.whsv.com/prnewswire/2022/05/02/cansortium-reports-preliminary-unaudited-q4fy-2021-q1-2022-results/ | 2022-05-02T22:27:02Z |
Carnival Splendor Sets Sail from Seattle As All 23 Fun Ships Are Back
SEATTLE, May 2, 2022 /PRNewswire/ -- With the departure of Carnival Splendor from the Port of Seattle today, Carnival Cruise Line celebrates the restart of its entire fleet of ships and Carnival becomes the first major cruise line in the U.S. to achieve that milestone.
Carnival Splendor is the 23rd and final Carnival ship to welcome guests back on board after Carnival's resumption of cruising from the U.S. last July. Guests are set to depart from Seattle, Wash. today on an eight-day Alaska cruise, completing an impressive and successful restart of guest operations and setting the pace for the rest of the U.S. cruise industry. Carnival Splendor's summer itineraries to Alaska are part of a three-ship deployment, along with Carnival Spirit from Seattle and Carnival Miracle from San Francisco – the largest-ever cruise program Carnival has sailed to Alaska.
"With Carnival Splendor beginning operations today from Seattle, Carnival Cruise Line is thrilled to have our entire fleet of 23 ships back in service, providing more opportunities for our guests to enjoy our signature fun while traveling to beautiful vacation destinations," said Christine Duffy, president of Carnival Cruise Line. "We are especially excited to expand our Alaska program this season with three ships bringing more than 100,000 guests – including more than 6,000 this week – from Seattle and San Francisco to awe-inspiring Alaska ports."
To commemorate the line's return to service from Seattle with Carnival Splendor, Carnival Cruise Line hosted its "Back to Fun" event at the Port of Seattle to officially welcome the first guests on board. Duffy checked off Carnival Splendor on a tally board listing the 23 Carnival ships, signifying the completion of the Carnival fleet's restart. Today's departure is one of 49 cruises to Alaska. Destinations include Ketchikan; Sitka; Skagway; Icy Strait Point; Victoria, BC; and scenic cruising through Tracy Arm Fjord (stops vary depending on cruise date).
Beginning with Carnival Vista restarting service on July 3, 2021, in Galveston, Carnival has completed its full fleet return in just 10 months. Carnival is operating from 12 U.S. homeports including Miami, Galveston, Port Canaveral, Long Beach, Baltimore, New Orleans, Tampa, Charleston, Jacksonville, Mobile, Seattle and San Francisco, providing guests with a wide range of cruising options. Additional seasonal service from Norfolk, Va., and New York City will start in May and June respectively.
For additional information on Carnival Cruise Line and to book a cruise vacation, call 1-800-CARNIVAL, visit www.carnival.com, or contact your favorite travel advisor or online travel site.
ABOUT CARNIVAL CRUISE LINE
Carnival Cruise Line, part of Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), is proud to be known as America's Cruise Line with a total of 23 ships, sailing from 14 U.S. homeports and employing more than 40,000 team members from 120 nationalities. Carnival's newest ship, Mardi Gras, featuring the first roller coaster at sea and the first in the Americas powered by eco-friendly Liquefied Natural Gas (LNG), sailed from Port Canaveral, Fla., July 31, 2021. As part of its 50th Birthday festivities, Carnival Celebration, sister ship to Mardi Gras, is scheduled to debut in late 2022 from PortMiami, as well as Carnival Jubilee from Galveston in 2023.
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SOURCE Carnival Cruise Line | https://www.whsv.com/prnewswire/2022/05/02/carnival-cruise-line-is-first-major-cruise-line-us-get-entire-fleet-back-guest-operations/ | 2022-05-02T22:27:08Z |
THOROFARE, N.J., May 2, 2022 /PRNewswire/ -- Checkpoint Systems, the only vertically integrated solution provider for retail, is delighted to have received the Good Design® distinction from The Chicago Athenaeum Museum of Architecture and Design for its unique NS40 Electronic Article Surveillance (EAS) antenna.
Launched in late 2020, Checkpoint's NS40 provides grocery retailers with a discreet but powerful in-lane loss prevention solution. Featuring a brushed steel finish as standard, the NS40 has an ultra-slim design, with patented 360 circular array technology along with the benefits of Bluetooth connectivity for easy deployment.
Developed to be unobtrusive and effortlessly fit within grocery stores, the antenna can be painted, powder-coated or vinyl wrapped to match any store's visual identity, while custom voice messages and a variety of sounds and coloured LEDs can be created for different alarm events.
The NS40 also pushes the boundaries when it comes to performance. Able to be installed at the end of a checkout offers earlier detection, giving retailers a better chance of theft recovery before merchandise reaches the store exit. Not only that, cases of non-deactivation by store staff can be quickly corrected, causing minimal embarrassment to honest shoppers.
And thanks to its Bluetooth connectivity installation is easier than ever before, with fewer cables and less floor cutting meaning retailers can save time and money on installation and in-store changes.
Founded in 1950, Good Design is one of the world's most prestigious, recognized and oldest design awards programmes. Organized annually by The Chicago Athenaeum Museum of Architecture and Design, in cooperation with the European Centre for Architecture, Art, Design and Urban Studies, it covers inventive consumer products, graphics and packaging designed and manufactured around the world.
"For years store designers had to work around large, plastic antennas that were necessary to deter thieves but were designed for functionality without the key element of design so the aesthetics were less critical. When we launched the NS40 we effectively showed retailers that antennas could become a design feature of stores. The aesthetics has become a key design requirement for Checkpoint's newer systems.
"This award shows how far we have taken EAS design, even a few years ago it would have been unheard of to win a design award for a loss prevention antenna. We're incredibly proud of our team that developed this latest generation of solutions which are enabling retailers to balance store design with loss prevention to protect profits and attract more people into a store."
Checkpoint Systems is currently working on developing an update to the NS40 that will enable retailers to place the antenna in even more store locations.
--ends-
A division of CCL Industries, Checkpoint Systems is the only vertically integrated RF/RFID solution provider for retail. With consumer demands accelerating at an extraordinary rate driven by technology, Checkpoint delivers intelligent solutions – bringing clarity and efficiency into the retail environment anytime, anywhere. Through a unique offering of software, hardware, labels, tags and connected cloud-based solutions, Checkpoint optimizes retail operations and efficiencies with real-time intuitive data delivered throughout the supply chain and in-store resulting in improved profitability and an enriched consumer experience. Checkpoint's intelligent retail solutions are built upon 50 years of radio frequency technology expertise, innovative high-theft and loss prevention solutions, market-leading software, RFID hardware and comprehensive labeling capabilities to brand, secure and track merchandise from source to shelf.
Twitter: @CheckpointSys
CCL Industries Inc., a world leader in specialty label and packaging solutions for global corporations, small businesses and consumers, employs approximately 19,000 people and operates 150 facilities in 25 countries on six continents with corporate offices in Toronto, Canada, and Framingham, Massachusetts. For more information, visit www.cclind.com.
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SOURCE Checkpoint Systems, Inc. | https://www.whsv.com/prnewswire/2022/05/02/checkpoint-receives-good-design-award-its-ns40-eas-antenna/ | 2022-05-02T22:27:15Z |
BOCA RATON, Fla., May 2, 2022 /PRNewswire/ -- CūtisCare, a leader in wound care and hyperbaric management, launches its second annual Hyperbaric Aware™ national campaign to elevate awareness of hyperbaric oxygen therapy. Hyperbaric Oxygen Therapy is an effective healing option for many different chronic conditions. Still, many go years without this treatment because they are unaware of treatment indications, benefits, and the patient selection criteria of hyperbaric medicine.
Hyperbaric oxygen therapy (HBOT) is a proven treatment option for wounds, infections, or injuries that have not responded to standard treatment. There are currently fourteen indications for HBOT recognized by the Centers for Medicare and Medicaid Services (CMS) and other third-party payors. Hyperbaric oxygen therapy is most commonly used for the treatment of diabetic ulcers of lower extremities, radiation injury to bone or tissue, compromised grafts and flaps, and chronic refractory osteomyelitis.
Hyperbaric Awareness USA™ designated May Hyperbaric Awareness Month. Throughout this month (and beyond), the Hyperbaric Aware™ campaign aims to promote hyperbaric oxygen therapy benefits, which will help people prolong lives, reduce amputations, and reduce the cost of care while improving quality of life.
There are more than eight million people in the United States who are living with chronic wounds. Twenty-five percent of the 34 million people in the US with Diabetes will develop a foot ulcer, possibly leading to amputation. Hyperbaric oxygen therapy provides necessary oxygenation, which is critical in preventing amputation.
In the US, almost half of the 17 million people diagnosed with cancer will receive radiation therapy, and 10-15% will experience late effects of radiation. Many patients who undergo radiation therapy discover a hidden complication that may not come to light until years after they complete treatments. Radiation therapy can restrict oxygen in the body's healthy tissue which is needed for the tissue to thrive. If there is a break in the integrity of the tissue, infection and non-healing wounds can occur. Hyperbaric oxygen therapy is a treatment option for patients who suffer from late radiation tissue injury stimulating the growth of new blood vessels following radiation-induced damage.
CūtisCare Board Chairman and CEO Jim Patrick said, "As an industry leader, we are addressing the lack of awareness of hyperbaric oxygen therapy, a critical modality for chronic wound healing and limb preservation."
The Hyperbaric Aware website, in collaboration with the Undersea and Hyperbaric Medical Society (UHMS) and physician leaders, will share articles, latest research, and expert insight for physicians, patients, and the general public.
Headquartered in Boca Raton, Florida, CūtisCare works with hospitals, academic medical centers, hospital systems, and physicians to design customized outpatient wound care and hyperbaric oxygen (HBOT) solutions. With more than 25 years of management experience, a commitment to research, and driven by ethics and a culture of compliance, CūtisCare collaborates with its partners to reach and heal people with chronic wounds.
For more information, visit https://cutiscareusa.com and htpps://hyperbaricaware.com
Follow us CutisCare LLC | LinkedIn and Hyperbaric Aware|LinkedIn.
Media Contact:
Kelly Caceres
kcaceres@cutiscareusa.com
904-446-0708
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SOURCE CutisCare LLC | https://www.whsv.com/prnewswire/2022/05/02/ctiscare-launches-second-annual-hyperbaric-aware-national-campaign-elevate-awareness-hyperbaric-oxygen-therapy/ | 2022-05-02T22:27:22Z |
BERRYVILLE, Va., May 2, 2022 /PRNewswire/ -- Eagle Financial Services, Inc. (OTCQX: EFSI), the holding company for Bank of Clarke County, whose divisions include Eagle Investment Group, announced its first quarter 2022 results. Select highlights for the first quarter include:
- Net income of $3.3 million
- Deposit growth of $54.1 million
- Basic and diluted earnings per share of $0.94
- Loan activity:
Brandon Lorey, President and CEO, stated, "I am happy to report another strong quarter for the Company with a number of "1sts" for EFSI and the Bank. The Organization's loan portfolio breached the $1 billion dollar mark in the first quarter and posted a record annualized net income figure of $13.2 million. Annualized earnings per share also reached a record high of $3.80. Despite $7.5 million of PPP loan runoff, as that portfolio continues to shrink, and over $36.0 million in loan sales, the Bank's loan portfolio grew by $35.7 million which was more than matched by quarter's core deposit growth of $54.0 million resulting in annualized 5-year compound annual growth rates (CAGR) of 14.9% and 16.05%, respectively. We continue to strengthen diversified revenue streams as our non-interest income provides over 20% of the Bank's total income, driven primarily by our expanded Trust and Advisory Services and loan sales and servicing. I would like to thank our shareholders for their continued support as well as our employees for their tireless efforts to ensure we meet and exceed the needs of our customers every single day."
Income Statement Review
Net income for the quarter ended March 31, 2022 was $3.3 million reflecting an increase of 42.4% from the quarter ended December 31, 2021 and an increase of 13.6% from the quarter ended March 31, 2021. The increase from the quarter ended December 31, 2021 was mainly driven by increased legal expenses during the quarter ended December 31, 2021. Net income was $2.3 million for the three-month period ended December 31, 2021 and $2.9 million for the quarter ended March 31, 2021.
Net interest income for the quarters ended March 31, 2022 and December 31, 2021 was $11.1 million. Net interest income was $9.5 million for the quarter ended March 31, 2021. The increase in net interest income from the quarter March 31, 2021 resulted primarily from growth in the Company's loan portfolio.
Total loan interest income was $10.6 million and $10.7 million for the quarters ended March 31, 2022 and December 31, 2021, respectively. Total loan interest income was $9.4 million for the quarter ended March 31, 2021. Total loan interest income increased $1.2 million or 12.9% from the quarter ended March 31, 2021 to the quarter ended March 31, 2022. Average loans for the quarter ended March 31, 2022 were $1.01 billion compared to $854.5 million for the quarter ended March 31, 2021. The tax equivalent yield on average loans for the quarter ended March 31, 2022 was 4.25%, a decrease of 23 basis points from the 4.48% average yield for the same time period in 2021. The majority of this decrease in yield can be attributed to loans being originated at a rate lower than those that are paying off.
Interest and dividend income from the investment portfolio was $872 thousand for the quarter ended March 31, 2022 compared to $784 thousand for the quarter ended December 31, 2021. Interest income and dividend income from the investment portfolio was $596 thousand for the quarter ended March 31, 2021. The increase in interest and dividend income resulted from the increase in rates on securities purchased during the first quarter of 2022 as well as the increase in the balance of the investment portfolio. Average investments for the quarter ended March 31, 2022 were $198.0 million compared to $197.1 million for the quarter ended December 31, 2021. Average investments were $162.1 million for the quarter ended March 31, 2021. The tax equivalent yield on average investments for the quarter ended March 31, 2022 was 1.83%, up 19 basis points from 1.64% for the quarter ended December 31, 2021 and up 26 basis points from 1.57% for the quarter ended March 31, 2021.
Total interest expense was $370 thousand for the three months ended March 31, 2022 and $373 thousand and $487 thousand for three months ended December 31, 2021 and March 31, 2021, respectively. The decrease in interest expense resulted from the reduction in interest rates paid on deposit accounts. The average cost of interest-bearing liabilities decreased one and 11 basis points when comparing the quarter ended March 31, 2022 to the quarters ended December 31, 2021 and March 31, 2021, respectively. The average balance of interest-bearing liabilities increased $26.4 million from the quarter ended December 31, 2021 to the quarter ended March 31, 2022. The average balance of interest-bearing liabilities increased $108.6 million from the quarter ended March 31, 2021 to the same period in 2022.
The net interest margin was 3.61% for the quarter ended March 31, 2022. For the quarters ended December 31, 2021 and March 31, 2021, the net interest margin was 3.67% and 3.62%, respectively. The Company's net interest margin is not a measurement under accounting principles generally accepted in the United States, but it is a common measure used by the financial services industry to determine how profitably earning assets are funded. The Company's net interest margin is calculated by dividing tax equivalent net interest income by total average earning assets. Tax equivalent net interest income is calculated by grossing up interest income for the amounts that are non-taxable (i.e., municipal income) then subtracting interest expense. The tax rate utilized is 21%.
Noninterest income was $3.2 million for the quarter ended March 31, 2022, which represented a decrease of $119 thousand or 3.5% from the $3.4 million for the three months ended December 31, 2021. Noninterest income for the quarter ended March 31, 2021 was $2.4 million. The $816 thousand increase between the quarters ended March 31, 2022 and March 31, 2021 was driven by several factors including the gain on sale of loans held for sale. In addition, income from fiduciary activities increased $314 or 51.7% due to an increase in assets under management.
Noninterest expense decreased $2.0 million, or 16.5%, to $9.9 million for the quarter ended March 31, 2022 from $11.9 million for the quarter ended December 31, 2021. Legal expenses were higher during the fourth quarter of 2021 primarily from the expansion of the Bank's wealth management business line and also its build out of the marine lending division. Approximately $2.0 million of these fourth-quarter expenses are expected to be one-time fees. Noninterest expense was $7.9 million for the quarter ended March 31, 2021, representing an increase of $2.0 million or 25.4% when comparing to the quarter ended March 31, 2022 to the quarter ended March 31, 2021. An increase in salaries and benefits expenses was also noted between the first quarter of 2022 when compared to the same period in 2021. Annual pay increases, newly hired employees, incentive plan accruals and increased insurance costs have attributed to these increases. The number of full-time equivalent employees (FTEs) has increased from 195 at March 31, 2021, to 224 at March 31, 2022.
Asset Quality and Provision for Loan Losses
Nonperforming assets consist of nonaccrual loans, loans 90 days or more past due and still accruing, other real estate owned (foreclosed properties), and repossessed assets. Nonperforming assets decreased from $2.8 million or 0.21% of total assets at December 31, 2021 to $2.6 million or 0.19% of total assets at March 31, 2022. Nonperforming assets were $4.8 million at March 31, 2021. Total nonaccrual loans were $2.6 million at March 31, 2022 and $2.7 million at December 31, 2021. Nonaccrual loans were $4.3 million at March 31, 2021. The majority of all nonaccrual loans are secured by real estate and management evaluates the financial condition of these borrowers and the value of any collateral on these loans. The results of these evaluations are used to estimate the amount of losses which may be realized on the disposition of these nonaccrual loans. Other real estate owned was at zero at March 31, 2022 and December 31, 2021.
The Company may, under certain circumstances, restructure loans in troubled debt restructurings as a concession to a borrower when the borrower is experiencing financial distress. Formal, standardized loan restructuring programs are not utilized by the Company. Each loan considered for restructuring is evaluated based on customer circumstances and may include modifications to one or more loan provision. Such restructured loans are included in impaired loans but may not necessarily be nonperforming loans. At March 31, 2022, the Company had 17 troubled debt restructurings totaling $2.6 million. Approximately $2.5 million or 15 loans are performing loans, while the remaining loans are on non-accrual status. At December 31, 2021, the Company had 17 troubled debt restructurings totaling $2.7 million. Approximately $2.5 million or 15 loans were performing loans, while the remaining loans were on non-accrual status.
The Company realized $12 thousand in net charge-offs for the quarter ended March 31, 2022 versus $39 thousand in net recoveries for the three months ended December 31, 2021. During the three months ended March 31, 2021, $61 thousand in net recoveries were recognized. The amount of provision for loan losses reflects the results of the Bank's analysis used to determine the adequacy of the allowance for loan losses. The Company recorded a provision for loan losses of $540 thousand for the quarter ended March 31, 2022. The Company recognized provision for loan losses of $300 thousand and $599 thousand for the quarters ended December 31, 2021 and March 31, 2021, respectively. The provision for the quarters ended March 31, 2022, December 31, 2021 and March 31, 2021 resulted mostly from loan growth during the quarter. The ratio of allowance for loan losses to total loans was 0.91% at March 31, 2022 and 0.89% at December 31, 2021. The ratio of allowance for loan losses to total loans was 0.88% at March 31, 2021. Excluding outstanding PPP loans, the allowance for loan losses as a percentage of total loans was 0.92% at March 31, 2022, 0.91% at December 31, 2021 and 0.98% as March 31, 2021. The ratio of allowance for loan losses to total nonaccrual loans was 357.47% at March 31, 2022. The ratio of allowance for loan losses to total nonaccrual loans was 322.70% and 179.82% at December 31, 2021 and March 31, 2021, respectively. Management's judgment in determining the level of the allowance is based on evaluations of the collectability of loans while taking into consideration such factors as trends in delinquencies and charge-offs, changes in the nature and volume of the loan portfolio, current economic conditions that may affect a borrower's ability to repay and the value of collateral, overall portfolio quality and review of specific potential losses. The Company is committed to maintaining an allowance at a level that adequately reflects the risk inherent in the loan portfolio.
Total Consolidated Assets
Total consolidated assets of the Company at March 31, 2022 were $1.37 billion, which represented an increase of $71.3 million or 5.5% from total assets of $1.30 billion at December 31, 2021. At March 31, 2021 total consolidated assets were $1.18 billion. Total net loans increased $35.2 million from $976.9 million at December 31, 2021 to $1.01 billion at March 31, 2022. During the quarter, $7.5 million in SBA PPP loans were forgiven or paid down and $36.5 million in loans were sold. The Company sold $4.2 million in mortgage loans on the secondary market and $32.3 million of loans from the commercial and consumer loan portfolios. These loan sales resulted in gains of $285 thousand. Total securities increased $1.2 million from $193.4 million at December 31, 2021, to $194.6 million at March 31, 2022. At March 31, 2021 total investment securities were $175.0 million and net loans were $867.2 million. The growth in total loans and total assets was largely due to organic loan portfolio growth as the Company expands lending types and markets.
Deposits and Other Borrowings
Total deposits increased $54.1 million to $1.23 billion at March 31, 2022 from $1.18 billion at December 31, 2021. At March 31, 2021 total deposits were $1.07 billion. The growth in deposits was mainly organic growth as the Company continues to expand and grow into newer market areas.
The Company had no outstanding borrowings from the Federal Home Loan Bank of Atlanta at March 31, 2022, December 31, 2021 or March 31, 2021.
On March 31, 2022, the Company entered into Subordinated Note Purchase Agreements with certain qualified institutional buyers and accredited institutional investors, pursuant to which the Company issued 4.50% Fixed-to-Floating Rate Subordinated Notes due 2032, in the aggregate principal amount of $30.0 million. The Company intends to use the net issuance proceeds for general corporate purposes, including a capital contribution to its wholly owned subsidiary, Bank of Clarke County, to support its continued organic growth.
Equity
Shareholders' equity was $102.1 million and $110.3 million at March 31, 2022 and December 31, 2021, respectively. Shareholders' equity was $105.1 million at March 31, 2021. The decrease in shareholder's equity at March 31, 2022 was driven by the other comprehensive loss from the unrealized loss on available for sale securities. The book value of the Company at March 31, 2022 was $29.37 per common share. Total common shares outstanding were 3,477,020 at March 31, 2022. On April 20, 2022, the board of directors declared a $0.28 per common share cash dividend for shareholders of record as of May 4, 2022 and payable on May 18, 2022.
COVID-19 Impacts
The COVID-19 crisis has changed our communities, both in the way we live and the way we do business. While circumstances continue to change, the Company is continuing to work steadfastly to meet and exceed the needs of its customers, employees, and the communities in which it does business. Customers' banking needs have continued to be fulfilled through multiple banking channels including mobile, digital, and adjusted-schedule physical. In efforts to assist local businesses during this pandemic, the Company originated 1,372 PPP loans (through two rounds of lending), totaling $132.1 million, into the hands of our community's small businesses. During the quarter ended March 31, 2022, $7.5 million of PPP loans were forgiven or paid down. As of March 31, 2022, $8.4 million in PPP loans are still outstanding. In addition to local small businesses, the Company worked with its consumer and commercial customers through its loan deferral program whereby customers experiencing hardships due to COVID-19 were granted a deferral in loan payments for up to 90 days. During 2020 and through the quarter ended March 31, 2021, the Company approved 256 deferrals with loan balances totalling approximately $127.5 million for its customers experiencing hardships related to COVID-19. As of March 31, 2022, all loans had begun making payments on their loans after the deferral date had passed.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this discussion may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements relate to the Company's future operations and are generally identified by phrases such as "the Company expects," "the Company believes" or words of similar import. Although the Company believes that its expectations with respect to the forward-looking statements are based upon reliable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results, performance or achievements of the Company will not differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements.
Factors that could have a material adverse effect on the operations and future prospects of the Company include, but are not limited to: changes in interest rates and general economic conditions; the effects of the COVID-19 pandemic, including on the Company's credit quality and business operations, as well as its impact on general economic and financial market conditions; the legislative and regulatory climate; monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and Federal Reserve; the quality or composition of the Company's loan or investment portfolios; demand for loan products; deposit flows; competition; demand for financial services in the Company's market area; acquisitions and dispositions; the Company's ability to keep pace with new technologies; a failure in or breach of the Company's operational or security systems or infrastructure, or those of third-party vendors or other service providers, including as a result of cyberattacks; the Company's capital and liquidity requirements; changes in tax and accounting rules, principles, policies and guidelines; and other factors included in the Company's Annual Report on Form 10-K for the year ended December 31, 2021 and other filings with the Securities and Exchange Commission.
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SOURCE Eagle Financial Services, Inc. | https://www.whsv.com/prnewswire/2022/05/02/eagle-financial-services-inc-announces-2022-first-quarter-financial-results/ | 2022-05-02T22:27:28Z |
CALGARY, AB, May 2, 2022 /PRNewswire/ -Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that it does not intend to exercise its right to redeem its currently outstanding Cumulative Redeemable Preference Shares, Series B (Series B Shares) (TSX: ENB.PR.B) or its right to redeem its currently outstanding Cumulative Redeemable Preference Shares, Series C (Series C Shares) (TSX: ENB.PR.C) on June 1, 2022. As a result, subject to certain conditions, the holders of the Series B Shares have the right to convert all or part of their Series B Shares on a one-for-one basis into Series C Shares on June 1, 2022 and the holders of the Series C Shares have the right to convert all or part of their Series C Shares on a one-for-one bases into Series B Shares on June 1, 2022. Holders who do not exercise their right to convert their Series B Shares into Series C Shares will retain their Series B Shares and holders who do not exercise their right to convert their Series C Shares into Series B Shares will retain their Series C Shares.
The foregoing conversion rights are subject to the conditions that: (i) if Enbridge, after taking into account all Series B Shares and all Series C Shares tendered for conversion, determines that there would be less than 1,000,000 Series B Shares outstanding after June 1, 2022, then all remaining Series B Shares will automatically be converted into Series C Shares on a one-for-one basis on June 1, 2022 and no Series C Shares will be converted into Series B Shares; and (ii) alternatively, if Enbridge, after taking into account all Series B Shares and all Series C Shares tendered for conversion, determines that there would be less than 1,000,000 Series C Shares outstanding after June 1, 2022, then all remaining Series C Shares will automatically be converted into Series B Shares on a one-for-one basis on June 1, 2022 and no Series B Shares will be converted into Series C Shares. There are currently 18,269,812 Series B Shares outstanding and 1,730,188 Series C Shares outstanding.
With respect to any Series B Shares that remain outstanding after June 1, 2022, including any Series B Shares issued pursuant to the conversion of the Class C Shares, holders thereof will be entitled to receive quarterly fixed cumulative preferential cash dividends, as and when declared by the Board of Directors of Enbridge. The new annual dividend rate applicable to the Series B Shares for the five-year period commencing on June 1, 2022 to, but excluding, June 1, 2027 will be 5.202 percent, being equal to the five-year Government of Canada bond yield of 2.802 percent determined as of today plus 2.40 percent in accordance with the terms of the Series B Shares.
With respect to any Class C Shares that remain outstanding after June 1, 2022, including any Series C Shares issued pursuant to the conversion of the Class B Shares, holders thereof will be entitled to receive quarterly floating rate cumulative preferential cash dividends, as and when declared by the Board of Directors of Enbridge. The dividend rate applicable to the Series C Shares for the three-month floating rate period commencing on June 1, 2022 to, but excluding, September 1, 2022 will be 0.95277 percent, based on the annual rate on three month Government of Canada treasury bills for the most recent treasury bills auction of 1.38 percent plus 2.40 percent in accordance with the terms of the Series C Shares (the Floating Quarterly Dividend Rate). The Floating Quarterly Dividend Rate will be reset every quarter.
Beneficial holders of Series B Shares and Series C Shares who wish to exercise their respective rights of conversion during the conversion periods applicable to the Series B Shares and the Series C Shares, each of which runs from May 2, 2022, until 5:00 p.m. (EST) on May 17, 2022, should communicate as soon as possible with their broker or other intermediary for more information. It is recommended that this be done well in advance of the deadline in order to provide the broker or other intermediary time to complete the necessary steps. Any notices received after this deadline will not be valid.
Forward-looking information, or forward-looking statements, have been included in this news release to provide information about Enbridge, including statements with respect to the conversion of all or part of the Series B Shares into Series C Shares or the conversion of all or part of the Series C Shares into Series B Shares on June 1, 2022, the annual dividend rate that will apply to any outstanding Series B Shares on June 1, 2022, the quarterly dividend rate that will apply to any outstanding Series C Shares on June 1, 2022, and the declaration of dividends by the Board of Directors of Enbridge. This information may not be appropriate for other purposes. Although Enbridge believes these forward-looking statements are reasonable based on the information available on the date such statements are made and on processes used to prepare the information, such statements are not guarantees of future events and readers are cautioned against placing undue reliance on forward-looking statements. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual events to differ materially from those expressed or implied by such statements. Material assumptions include assumptions about whether holders of Series B Shares will exercise their right to convert their Series B Shares into Series C Shares and whether the holders of the Series C Shares will exercise their right to convert their Series C Shares into Series B Shares.
Enbridge's forward-looking statements are subject to risks and uncertainties, including, but not limited to those risks and uncertainties discussed in this news release and in the Company's other filings with Canadian and United States securities regulators. The impact of any one risk, uncertainty or factor on a particular forward-looking statement is not determinable with certainty as these are interdependent and Enbridge's future course of action depends on management's assessment of all information available at the relevant time. Except to the extent required by applicable law, Enbridge assumes no obligation to publicly update or revise any forward-looking statements made in this news release or otherwise, whether as a result of new information, future events or otherwise. All subsequent forward-looking statements, whether written or oral, attributable to Enbridge or persons acting on its behalf, are expressly qualified in their entirety by these cautionary statements.
Enbridge Inc. is a leading North American energy infrastructure company. We safely and reliably deliver the energy people need and want to fuel quality of life. Our core businesses include Liquids Pipelines, which transports approximately 30 percent of the crude oil produced in North America; Gas Transmission and Midstream, which transports approximately 20 percent of the natural gas consumed in the U.S.; Gas Distribution and Storage, which serves approximately 3.9 million retail customers in Ontario and Quebec; and Renewable Power Generation, which owns approximately 1,766 MW (net) in renewable power generation capacity in North America and Europe. The Company's common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit www.enbridge.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Media
Toll Free: (888) 992-0997
Email: media@enbridge.com
Investment Community
Toll Free: (800) 481-2804
Email: investor.relations@enbridge.com
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SOURCE Enbridge Inc. | https://www.whsv.com/prnewswire/2022/05/02/enbridge-provides-notice-series-b-c-preferred-shares-conversion-right-announces-reset-dividend-rates/ | 2022-05-02T22:27:34Z |
SUMMIT, N.J., May 2, 2022 /PRNewswire/ -- Kicking off Lupus Awareness Month, former Super Bowl Champion and Mad Dog Sports radio personality Willie Colon is hosting today the 8th Annual Willie Colon Golf Outing crafted by Tito's Handmade Vodka for the Lupus Research Alliance (LRA). Mr. Colon is also an active member of the Lupus Research Alliance Board of Directors. Board Member Julius Williams is likewise attending and supporting the event. Held at the New Jersey's Canoe Brook Country Club, the outing benefits the Jean Davis Research Grant in loving memory of Willie's late mother Jean Davis, who had lupus.
In keeping with LRA's new campaign, ManyOne Can Make a Difference, Mr. Colon is engaging a large group of sports super-stars and over 250 golfers to take a swing at this rough disease. Special guests in attendance include: Quarterback Ryan Fitzpatrick (currently with the Washington Commanders); linebackers James Farrior (formerly with the Jets and Steelers) and David Harris (formerly with the Jets); running back Tiki Barber (formerly with the Giants); defensive end Jason Hatcher (formerly with the Commanders and Cowboys); defensive lineman Jeffrey Simmons (currently with the Titans); tackle Max Starks (formerly with the Steelers and Rams); center Nick Mangold (formerly with the Jets); wide receiver Brandon Marshall (formerly with the Broncos, Dolphins, Bears, Jets, Giants and Seahawks); and NBA shooting guards Allan Houston (formerly with the Knicks) and John Starks (formerly with the Jazz, Warriors, Bulls and Knicks). Damien Woody (formerly with the Patriots, Lions and Jets) is also planning to attend in support of his wife who has lupus.
"When my mom was first diagnosed with lupus, it was a disease very much in the dark and no one knew much about it," noted Colon. "My mom never put her illness, no matter what she was suffering, above our development as rough and tumble kids. I cannot think of a better way to honor her memory than to make possible the caliber of research that will afford future generations lives without lupus."
The sold-out event is on course to raise nearly $350,000, and, this year, aims to exceed the $3M mark in total funds raised since its inception in 2014. 100% of every dollar raised goes to enabling the world's top scientists to pursue innovative research studies funded by Lupus Research Alliance.
About Lupus
Lupus is a chronic, complex autoimmune disease that affects millions of people worldwide. More than 90 percent of people with lupus are women; lupus most often strikes during the childbearing years of 15-45. African Americans, Latinx, Asians and Native Americans are two to three times at greater risk than Caucasians. In lupus, the immune system, which is designed to protect against infection, creates antibodies that can attack any part of the body including the kidneys, brain, heart, lungs, blood, skin, and joints.
About the Lupus Research Alliance
The Lupus Research Alliance is the largest non-governmental, non-profit funder of lupus research worldwide. The organization aims to transform treatment by funding the most innovative lupus research, fostering diverse scientific talent, and driving discovery toward better diagnostics, improved treatments and ultimately a cure for lupus. Because the Lupus Research Alliance's Board of Directors funds all administrative and fundraising costs, 100% of all donations goes to support lupus research programs.
Related Links
https://www.lupusresearch.org
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SOURCE Lupus Research Alliance | https://www.whsv.com/prnewswire/2022/05/02/former-jets-champion-willie-colon-hosts-nj-golf-outing-raising-nearly-350000-lupus-research-alliance/ | 2022-05-02T22:27:40Z |
ISTANBUL, May 2, 2022 /PRNewswire/ -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ: HEPS), a leading Turkish e-commerce platform, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the Securities and Exchange Commission (the "SEC") on May 2, 2022. The annual report on Form 20-F can be accessed under the SEC Filings section on the Company's investor relations website at https://investors.hepsiburada.com/en/financials/sec-filings as well as on the SEC's website at http://www.sec.gov.
The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request from Hepsiburada Investor Relations Department at ir@hepsiburada.com.
About Hepsiburada
Hepsiburada is a leading e-commerce technology platform in Turkey, combining a globally proven e-commerce business model with a one-stop 'Super App' to cater to our customers' everyday needs and to help make people's daily lives better. Customers can access a broad range of products and services including same-day delivery of groceries and essentials, products from international merchants, airline tickets and payment services through our embedded digital wallet, Hepsipay. As at the end of December 2021, we had seamlessly connected 41.8 million members and 75 thousand Active Merchants.
Founded in Istanbul in 2000, Hepsiburada was built to lead the digitalization of commerce in Turkey. As a female-founded organization, we are committed to meaningful action to empower women. Through our 'Technology Empowerment for Women Entrepreneurs' programme, we have reached around 29 thousand female entrepreneurs across Turkey to date.
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SOURCE Hepsiburada | https://www.whsv.com/prnewswire/2022/05/02/hepsiburada-files-its-2021-annual-report-form-20-f/ | 2022-05-02T22:27:46Z |
NEW YORK and TORONTO, May 2, 2022 /PRNewswire/ -- The INX Digital Company, Inc. (NEO: INXD) (the "Company"), the owner of digital asset trading platforms, a broker-dealer and an inter-dealer broker, announced today that the annual report on Form 20-F of INX Limited. (INXATS: INX), containing audited consolidated financial statements for the year ended December 31, 2021, was filed with the Securities and Exchange Commission on May 2, 2022.
Fiscal Year 2021 Financial Highlights
- Raised $83.6 million in the first-ever registered security IPO on the blockchain
- Completed Reverse Take Over (RTO) of Valdy Investments with a further equity raise of $39.6 Million CAD/$29.4 US Million and listed INX's parent company on Canada's NEO Exchange
- Listed the INX Token on the INX Securities ATS.
- Announced Board approval of $5 million buy-back of tokens and/or shares
- Acquired interdealer-broker ILS Brokers and broker-dealer/ATS Openfinance
- Qualified to operate as a money transmitter in thirty-eight (38) US states plus Washington D.C. and Puerto Rico
- Grew employees from 15 to 87
2021 was a pivotal year for INX, as the company completed the world's first ever IPO of a registered security on the blockchain. The IPO raised $83.6MM from 7,250 retail and institutional investors across 73 countries. The INX token is now listed on the INX Securities ATS (formerly Openfinance).
INX simultaneously completed a reverse takeover of Valdy Investments in Canada, raising a further $39.6MM CAD from selling equity and resulting in the listing of its equity on Canada's NEO exchange.
In building out our 'nose-to-tail' solution for digital assets, INX purchased ILS Brokers, an NFA regulated interdealer broker with 20 years of history trading with 50+ tier 1 and tier 2 banks, transacting over $95 billion in trade volume per year. The company also completed the purchase of the Openfinance broker/dealer and ATS, renaming them as INX Securities.
The purchases enable INX to aid companies seeking to raise capital from their own communities through the minting and distribution of digital securities, which are then able to be listed on the INX Securities ATS.
On the headline, INX reports a cumulative loss of $215MM. However this number includes a marked-to-market accounting liability to INX token holders of $161.2MM and token warrant liability of $19.8MM. It also includes one-time significant costs associated with the initial token offering (ended April 2021) and Reverse Take Over Transaction which listed the Company's on the NEO Canadian Exchange (listed on Jan 24th 2022 NEO:INXD), of $6.8MM. In addition, the amount includes a $10.9MM of share-based payments.
Therefore, our adjusted net loss, which is calculated by subtracting from our net loss these liabilities and expenses, is $16.3MM. Adjusted net loss is a non-IFRS measure.
"2021 was an exciting time for our company as we completed two significant financings and listed two separate publicly traded instruments in two separate jurisdictions. The INX community has grown significantly as both token and equity holders share our vision of the digital future. In 2021 we laid the table for the inevitable migration of assets onto the blockchain and in 2022 we look to execute. With considerable updates to our technology and capabilities, we will begin to fire on all cylinders - attracting new users through our soon to be released app, and introducing them to exciting public and private offerings that will join with us their own significant communities." reported Shy Datika, CEO.
About The INX Digital Company, Inc.
The Company is the holding company for the INX Group, which includes regulated trading platforms for digital securities and cryptocurrencies, combining traditional markets expertise and an innovative fintech approach. The INX Group's vision is to be the preferred global regulated hub for digital assets on the blockchain. The INX Group's overall mission is to bring communities together and empower them with financial innovation. Our journey started with our initial public token offering of the INX Token in which it raised US$83 million. The INX Group is shaping the blockchain asset industry through its willingness to work in a regulated environment with oversight from regulators like the SEC and FINRA.
In addition to operating two regulated trading platforms for blockchain assets, the Company's interdealer broker, I.L.S. Brokers, plans to offer non-deliverable cryptocurrency forwards to Tier-1 banks in the future. For more information, please visit the INX Group website here.
Cautionary Note Regarding Forward-Looking Information and Other Disclosures
This press release contains statements that constitute "forward-looking information" ("forward-looking information") within the meaning of the applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the NCIB and the terms of the NCIB, including the price and number of common shares that may be purchased. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions, including with respect to: the development of the digital asset industry. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to regulatory developments and general economic conditions. Accordingly, readers should not place undue reliance on the forward- looking information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise.
All information contained in this press release with respect to the corporate entities referenced herein was supplied, for inclusion herein, by the respective parties and each party and its directors and officers have relied on the other party for any information concerning the other party.
The NEO Exchange is not responsible for the adequacy or accuracy of this press release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
For further information
Contact:
The INX Digital Company, Inc.
Investor Relations
+1 855 657 2314
Email: investorrelations@inx.co
Douglas Borthwick
Chief Business Officer
Email: douglas.borthwick@inx.co
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SOURCE The INX Digital Company, Inc. | https://www.whsv.com/prnewswire/2022/05/02/inx-digital-company-reports-business-updates-fiscal-year-2021-financial-results/ | 2022-05-02T22:27:52Z |
1Q22 results to be disclosed soon
SÃO PAULO, May 2, 2022 /PRNewswire/ -- Itaú Unibanco Holding S.A. (B3: ITUB3, ITUB4; NYSE: ITUB) (the "Company") informs that the results of this quarter will be published in the Investor Relations website on May 9th, before trading hours in Brazil and in the United States.
We are going to present our results from the first quarter of 2022, in an interactive meeting, with a Q&A session at the end, starting at 09h a.m. (EDT). Check out the speakers:
- Milton Maluhy Filho, CEO;
- Alexsandro Broedel, CFO; and
- Renato Lulia Jacob, Group Head of Investor Relations and Market Intelligence
Register now on the Company's Investor Relations website (https://www.itau.com.br/relacoes-com-investidores/).
RENATO LULIA JACOB
Group Head of Investor Relations and Market Intelligence
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SOURCE Itaú Unibanco Holding S.A. | https://www.whsv.com/prnewswire/2022/05/02/ita-unibanco-holding-sa-1q22-virtual-meeting/ | 2022-05-02T22:27:58Z |
Kauffman Foundation's $10 million commitment will anchor vehicle investing in BIPOC fund managers
NEW YORK, May 2, 2022 /PRNewswire/ -- Living Cities, in partnership with the Ewing Marion Kauffman Foundation, launched its $100 million Catalyst Fund III, an investment vehicle to confront and address underinvestment in BIPOC (Black, Indigenous, People of Color) communities.
The Kauffman Foundation committed to a $10 million anchor investment in the fund, which was announced at the annual Milken Institute Global Conference during a panel discussion on capital access. This investment follows Kauffman's $1.67 million seed grant to Living Cities to better understand the root cause of the country's racial disparities in income and wealth.
The fund will leverage a "Fund of Funds" approach to support the ecosystem for high-growth entrepreneurs and business owners of color, recognizing that business ownership is a proven pathway to closing the racial wealth gap.
"Entrepreneurship is fundamentally different for those who have access to capital," said Philip Gaskin, Vice President, Entrepreneurship, at the Kauffman Foundation. "To increase capital access for Black and brown entrepreneurs, we need to ensure that capital decision-makers are knowledgeable about the history and root causes of the country's racial wealth gaps. We must explore new ways of investing in fund managers of color."
The fund seeks to increase investment in BIPOC communities by:
- providing emerging fund managers of color access to seed capital and technical support;
- reducing the time it typically takes for fund managers of color to raise initial capital; and
- enabling the emerging fund managers of color to establish a track record, gain credibility, and be positioned for future rounds of funding.
The Kauffman Foundation's capital access research reports that 83% of entrepreneurs do not access bank loans or venture capital at the time of startup, which disproportionately impacts entrepreneurs from underrepresented communities. Living Cities' research shows that U.S. entrepreneurs in underrepresented populations face greater challenges with building wealth.
Research also suggests that although total gross receipts at firms owned by people of color are growing faster than white-owned firms, at least 77% of venture capital is invested in college-educated white men while just 1% of venture-backed founders are Black. These stark racial disparities are deepened by the relatively low percentage of people of color in capital allocation decision making positions.
"The Catalyst Fund III draws on Living Cities' more than 13 years of impact investing activity in financial intermediaries in both debt and equity capacities," said Demetric Duckett, Managing Director at Living Cities. "Our approach applies proven strategies working with capital managers focused on BIPOC needs, and we have the investing know-how and operational support to effectively deploy capital to generate strong returns for investors while achieving substantial impact with BIPOC communities."
About Living Cities
Founded in 1991, Living Cities is a collaborative of the world's largest foundations and financial institutions. Living Cities fosters transformational relationships across sectors to connect those who are willing to do the hard work of closing racial income and wealth gaps. The organization partners with cross-sector leaders in cities across the country to imagine and create an America in which all people are economically secure, building wealth and living abundant, dignified, and connected lives. To learn more about Living Cities and its member institutions, visit www.livingcities.org.
About the Ewing Marion Kauffman Foundation
The Ewing Marion Kauffman Foundation is a private, nonpartisan foundation based in Kansas City, Mo., that seeks to build inclusive prosperity through a prepared workforce and entrepreneur-focused economic development. The Foundation uses its $3 billion in assets to change conditions, address root causes, and break down systemic barriers so that all people – regardless of race, gender, or geography – have the opportunity to achieve economic stability, mobility, and prosperity. For more information, visit www.kauffman.org and connect with us at www.twitter.com/kauffmanfdn and www.facebook.com/kauffmanfdn.
Media Contacts
Jeff Raderstrong, Living Cities, jraderstrong@livingcities.org, 646-442-3236
Kim Wallace Carlson, Kauffman Foundation, kcarlson@kauffman.org, 816-932-1254
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SOURCE Living Cities | https://www.whsv.com/prnewswire/2022/05/02/living-cities-ewing-marion-kauffman-foundation-launch-100-million-fund-grow-people-color-led-businesses-close-wealth-gaps/ | 2022-05-02T22:28:05Z |
SAN DIEGO, May 2, 2022 /PRNewswire/ -- Locanabio, Inc., a genetic medicines company developing RNA-targeted therapeutics for patients with severe neuromuscular and neurodegenerative diseases, today announced that new data from preclinical research of its proprietary CORRECTx™ platform in C9ORF72-mediated amyotrophic lateral sclerosis (ALS) will be highlighted in an oral presentation at the American Society of Gene and Cell Therapy (ASGCT) 25th Annual Meeting, taking place May 16-19, 2022 in Washington, D.C.
Details of the oral presentation at ASGCT are as follows:
Title: AAV9-Mediated Delivery of RNA Targeting Systems Eliminates Hexanucleotide Repeat Expansions in C9ORF72 ALS/FTD Models
Session Title: Breakthroughs in Neuromuscular and Hearing Disorders
Room: 201
Presenting Author: Jeannie Chew, Ph.D., Locanabio
Presentation Date and Time: Thursday, May 19, 2022 from 10:45 - 11:00 a.m. ET
Abstract Number: 1224
The study abstract is available on the ASGCT meeting website and can be accessed via the following link: https://annualmeeting.asgct.org/abstracts/abstract-details?abstractId=2119
Hexanucleotide repeat expansions in the C9ORF72 gene are the most common cause of familial ALS, leading to the accumulation of toxic RNA foci, including both sense RNA, G4C2, and antisense RNA, C4G2. These RNA foci form secondary RNA structures that sequester regulatory RNA-binding proteins, which causes dysregulation of RNA splicing and trafficking. The translation of the sense and antisense RNA strands also forms potentially toxic dipeptide repeat proteins. Leveraging the CORRECTx platform, Locanabio is able to design multi-targeting constructs, delivered via gene therapy, that can reduce both disease-causing sense and antisense RNA transcripts and maintain allele selectivity to preserve the wild-type C9ORF72 allele in patients with ALS.
About Locanabio, Inc.
Locanabio is a leader in developing a new class of genetic medicines that has the potential to significantly improve the lives of patients with devastating genetic diseases by correcting the message of disease-causing RNA. Our proprietary platform, CORRECTx™, uses gene therapy to deliver RNA-binding protein systems that can be engineered to selectively manipulate disease-causing RNA by multiple mechanisms. Our systems are designed to provide a durable therapy with a single administration without altering a cell's DNA. Locanabio's CORRECTx platform has applications across a range of tissues and diseases and we are currently advancing programs in neurodegenerative and neuromuscular diseases. For more information, visit www.locanabio.com.
Media Contact
Jenna Urban
Berry & Company
jurban@berrypr.com
+1-212-253-8881
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SOURCE Locanabio, Inc. | https://www.whsv.com/prnewswire/2022/05/02/locanabio-present-new-preclinical-data-demonstrating-application-correctx-platform-treating-amyotrophic-lateral-sclerosis-american-society-gene-cell-therapy-25th-annual-meeting/ | 2022-05-02T22:28:11Z |
CHICAGO, May 2, 2022 /PRNewswire/ -- Mastery Logistics Systems announces the deployment of its MasterMind® TMS with Werner Enterprises (Nasdaq: WERN), one of the nation's largest transportation and logistics companies.
MasterMind® TMS, a cloud-based transportation management system from Mastery Logistics Systems, Inc., is designed to manage complex transportation needs for shippers, carriers and logistics service providers. It is the first cloud-based transportation system for Werner in company history and supports Werner's business units and operations.
"The implementation of MasterMind® across our logistics network is a big step forward for Werner's Cloud First, Cloud Now strategy," said Daragh Mahon, Executive Vice President and Chief Information Officer, Werner. "Utilizing this new TMS, Werner will gain more technological agility across its tech stack, providing efficiencies for our associates, drivers and customers."
Built by supply chain and logistics experts, MasterMind® TMS provides Werner with control and collaboration across its business units and customers. The system helps deliver significant industry enhancements, including visibility, information and operational efficiencies, allowing Werner to meet customer capacity needs and continue delivering exceptional customer service. The MasterMind® TMS also proves to be a great fit in furthering the company's Werner EDGE initiative.
"As part of our Werner EDGE initiative, we are committed to becoming the first transportation and logistics company fully leveraging the cloud," said Mahon. "This collaboration with Mastery is another milestone in that journey. In addition to benefitting our own technology advancement, this partnership also provides an opportunity for both Mastery and Werner to accelerate supply chain automation, visibility and productivity across the entire transportation and logistics ecosystem."
Werner initially announced the strategic partnership with Mastery in November 2020, including an equity investment and ongoing strategic advisement by Werner to drive continued product development, all while improving standardization within the organization and the industry at large.
"Seeing Werner teams celebrating the MasterMind® launch is a milestone for every team member at Mastery. We are thrilled with the implementation and deployment progress," said Alycia Klocke, Vice President of Implementation, Mastery Logistics Systems.
"The collaboration between our teams has been phenomenal," said Jeff Silver, Mastery CEO. "It has allowed us to implement and launch MasterMind® with enhancements to support the complex operations of one of North America's largest transportation providers. We love Werner and the people we work with there and are ecstatic to be able to play a role in their success."
About Werner Enterprises
Werner Enterprises, Inc. (Nasdaq: WERN) delivers superior truckload transportation and logistics services to customers across the United States, Mexico and Canada. With 2021 revenues of $2.7 billion, an industry-leading modern truck and trailer fleet, over 13,500 talented associates and our innovative
Werner EDGE technology, we are an essential solutions provider for customers who value the integrity of their supply chain and require safe and exceptional on-time service. Werner provides Dedicated and One-Way Truckload services as well as Logistics services that include truckload brokerage, freight management, intermodal and final mile. As an industry leader, Werner is deeply committed to promoting sustainability and supporting diversity, equity and inclusion.
About Mastery
Mastery Logistics Systems was established in 2019 with the mission to help large carriers, logistics service providers and shippers manage complex transportation needs in an efficient, cohesive and intelligent way. Mastery is led by founder, Jeff Silver, whose previous systems and teams have powered some of the largest logistics companies in North America for over four decades. Mastery is building logistics solutions and systems from the ground up with a growing team of engineering, programming and implementation experts.
Mastery's MasterMind® TMS is a comprehensive cloud-based SaaS transportation management system, designed to be the World's First Lovable TMS™. MasterMind® TMS is built for size, stability, speed and automation, providing unprecedented visibility and control by embracing the complexity that is the reality of the supply chain world.
To learn more about Mastery Logistics Systems, visit Mastery.net.
Mastery Media Contact
Brenda Blume
1-800-331-1314
brenda.blume@mastery.net
Werner Enterprises, Inc. Media Contact
Fred Thayer
402.895.6640 ext. 100-2065
fthayer@werner.com
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SOURCE Mastery Logistics Systems | https://www.whsv.com/prnewswire/2022/05/02/mastery-logistics-systems-announces-deployment-cloud-based-mastermind-tms-with-werner-enterprises-inc/ | 2022-05-02T22:28:17Z |
Sharpe dashes in one one-hundredth of a second ahead of next finisher to win championship
ST. PETERSBURG, Fla., May 2, 2022 /PRNewswire/ -- With a final burst of speed, Matthew Sharpe won his first St. Anthony's Triathlon men's championship, beating out his next closest competitor by one one-hundredth of a second. On the women's side, Paula Findlay also claimed her first St. Anthony's Triathlon prize on a bright, hot Sunday morning.
The 39th St. Anthony's Triathlon featured world champions, Olympians, and professional athletes from across the country, making it one of the most competitive races in event history.
The men's race had an exciting finish with three men vying for the top of the podium. Sharpe came in at 1:44:14, just one one-hundredth of a second ahead of Matt McElroy, 1:44:15. Ben Kanute, the 2019 men's champion, finished third at 1:44:19.
"The last quarter mile and (Matt McElroy) came on really hot, and I was like, 'Okay, here we go – we've got the three guys, and these guys are great athletes, so you definitely can't count anyone out," said Sharpe of Boulder, CO. "I just remember hitting that corner and just trying to get that inside line as much as I could. And as I went through the last corner, I just hit full gas and I was able to hold off these guys."
For the women, Findlay held up the finish line tape with a time of 1:55:35, more than a minute ahead of the next competitor. To round out the podium, Amelia Rose Watkins finished in second place (1:56:38), and Amy Sloan came in third (1:57:05).
"The swim was a lot choppier than I expected. I was kind of just in survival mode to get off the water. I couldn't really see anyone else so I didn't really know where I was," said Findlay of Bend, OR. "But I knew my strategy was just to ride hard and that's my strength. So, I knew I needed a buffer off the bike and I was going to run as fast as some of the girls behind me."
This was Findlay's first time at the St. Anthony's Triathlon and it did not disappoint. "First time I was here and it lives up to the hype," she said.
In the Sprint Triathlon (Swim 750m, bike 20K, run 5K), the top three women were Mariaangel Lozada, Heather Butcher and Elena Crouch and the top three male finishers were Jhonnatan Daza, John Reback and Joey Obradovich.
In total, more than 2,300 athletes competed in the weekend's St. Petersburg events including the Meek & Mighty Triathlon on Saturday, and the Olympic and Sprint distance races the following day.
"This year's St. Anthony's Triathlon was a tremendous success," said Patrick McGee, race director for St. Anthony's Triathlon. "We had an excellent field, exquisite weather, exceptional sponsors and of course, the absolute best fans. After a nearly three-year hiatus because of the COVID-19 pandemic, we wanted to provide a safe and exciting race weekend for everyone. We really did succeed."
Dates for next year's 40th St. Anthony's Triathlon will be announced soon. Registration for the 2023 event will open later this year.
About St. Anthony's Hospital
St. Anthony's Hospital is a 393-bed hospital founded in 1931 as a ministry of the Franciscan Sisters of Allegany and was the first faith-based hospital in Pinellas County. For more information on St. Anthony's, call (727) 953-6993.
About BayCare
BayCare is a leading not-for-profit health care system that connects individuals and families to a wide range of services at 15 hospitals and hundreds of other convenient locations throughout the Tampa Bay and central Florida regions. The system is West Central Florida's largest provider of behavioral health and pediatric services and its provider group, BayCare Medical Group, is one of the largest in the region. BayCare's diverse network of ambulatory services includes laboratories, imaging, surgical centers, BayCare Urgent Care locations, wellness centers and one of Florida's largest home care agencies, BayCare HomeCare. It's Medicare Advantage insurance, BayCarePlus, is among the region's few 5-star-rated plans and the system is ranked in the top 20 percent by IBM Watson Health® Top Health Systems. BayCare's mission is to improve the health of all it serves through community-owned, health care services that set the standard for high-quality, compassionate care.
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SOURCE St. Anthony’s Triathlon | https://www.whsv.com/prnewswire/2022/05/02/matthew-sharpe-paula-findlay-win-exciting-st-anthonys-triathlon/ | 2022-05-02T22:28:24Z |
LAVAL, QC, May 2, 2022 /PRNewswire/ - Neptune Wellness Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT) (TSX: NEPT), a diversified and fully integrated health and wellness company focused on plant-based, sustainable and purpose-driven lifestyle brands, today announced that Michael Cammarata, Chief Executive Officer, Randy Weaver, Interim Chief Financial Officer, and Morry Brown, Vice President, Investor Relations will participate in the following investor conferences in May 2022.
A.G.P.'s Spring Consumer Cannabis Conference
Date: May 3, 2022
Registration: Click here
H.C. Wainwright Global Investment Conference
Date: May 23-26, 2022
Registration: Click here
Neptune's management team will be taking part in one-on-one meetings during the conferences. To schedule a one-on-one investor meeting with Neptune's management team, please contact a conference representative or KCSA Strategic Communications by emailing Neptune@KCSA.com.
Headquartered in Laval, Quebec, Neptune is a diversified health and wellness company with a mission to redefine health and wellness. Neptune is focused on building a portfolio of high quality, affordable consumer products in response to long-term secular trends and market demand for natural, plant-based, sustainable and purpose-driven lifestyle brands. The Company utilizes a highly flexible, cost-efficient manufacturing and supply chain infrastructure that can be scaled to quickly adapt to consumer demand and bring new products to market through its mass retail partners and e-commerce channels. For additional information, please visit: https://neptunewellness.com/.
Forward-looking statements contained in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of Neptune Wellness Solutions to be materially different from any future results, performance or achievements expressed or implied by the said forward-looking statements.
Neither NASDAQ nor the Toronto Stock Exchange accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Neptune Wellness Solutions Inc. | https://www.whsv.com/prnewswire/2022/05/02/neptune-wellness-solutions-participate-upcoming-investor-conferences-may-2022/ | 2022-05-02T22:28:30Z |
The Mainland Adventure Park is now open for the 2022 season featuring a newly renovated Arcade, kitchen, and lobby. Add high-flying adventures to your next Jersey Shore vacation!
MANAHAWKIN, N.J., May 2, 2022 /PRNewswire/ -- The Mainland Adventure Park has officially opened for the 2022 season, with new renovations and additions to the park and onsite Holiday Inn. The Holiday Inn lobby and restaurant were both renovated this past winter to incorporate the Mainland Market with convenient snacks and local gifts. The Kitchen and Pub welcomed high-definition, flat-screen TVs to their indoor bar for guests to watch sporting events.
Next to the Outdoor Beer Garden lives the Arcade, which underwent dramatic renovations this past winter to introduce new games. New this season are classic favorites like Skeeball, Pacman, Nerf, and Mario Kart. Modern games like The Walking Dead and life-sized Hungry, Hungry Hippos make the Arcade great for any age group. The Arcade is open every day and has newly installed air conditioning to cool off during hot afternoons.
Locals and travelers alike are invited to explore this one-of-a-kind destination, just minutes from Long Beach Island and the best Jersey shore beaches. The park officially reopened on April 30 and will remain open throughout the summer.
"We're excited to welcome our guests back to The Mainland Adventure Park and give our guests who enjoyed the arcade all winter some new adventures to try," stated Daniel Mercurio of The Mainland. "This season your favorite activities are back with thrilling zip lines and competitive go-kart racing, along with activities for kids and beginner adventurers. Or sit back and relax around the outdoor fire pits with great food and cold beer, while challenging friends to classic games in the Arcade."
Designed and built in 2019, The Mainland Adventure Park gives guests the chance to "stay, play, and celebrate" just outside of Long Beach Island. It combines over 50 aerial activities like ziplines and a climbing wall with a go-kart track that measures over 1,000 feet with state-of-the-art electric go-karts. Kids too young for the aerial courses will be able to explore the Kids Course and Play Fort or challenge friends in the Arcade. Reservations are available online.
For food and drink, the onsite Kitchen and Pub serves up delicious food with indoor and outdoor dining. The outdoor Beer Garden has a wide selection on tap and guests can relax by the firepits or take their drink to the Arcade. The Mainland Holiday Inn, a part of The Mainland campus, makes your stay as convenient and enjoyable as possible. A thoroughly modern hotel, each room features 50-inch flat-screen TVs, Keurig coffeemakers, and ultra-comfortable bedding. Guests will also find that the hotel offers a swimming pool to cool off, a well-equipped fitness center, an on-site market, and an outdoor recreation center with a putting green and half-basketball court.
To learn more about The Mainland Adventure Park or to make reservations at the hotel, visit https://themainlandnj.com/.
Constructed in 2019, The Mainland Adventure Park is a one-of-a-kind attraction on the Jersey Shore that lets guests stay, play, and celebrate. With go-karts and aerial courses, as well as the Arcade, the Kitchen and Pub, an outdoor Beer Garden, and basketball and mini-golf, it is a destination in its own right. The park's hours shift seasonally and is open throughout the summer. Vacation at The Mainland with live music and happy hour every week.
Contact: Meghan Jacobs
Name: The Mainland
Phone: 609-481-6100
Web Address: https://themainlandnj.com/
Email: adventure@themainlandnj.com
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SOURCE The Mainland Holiday Inn and Adventure Park | https://www.whsv.com/prnewswire/2022/05/02/new-season-fun-jersey-shore-with-mainland-adventure-park/ | 2022-05-02T22:28:36Z |
Investment to Support North American Automotive Customers and Reduce Carbon Emissions by More Than One Million Tons a Year
GUTHRIE, Ky., May 2, 2022 /PRNewswire/ -- Novelis Inc., a leading sustainable aluminum solutions provider and world leader in aluminum rolling and recycling, has broken ground on a $365 million investment to build a highly advanced recycling center for automotive in North America. With an annual casting capacity of 240 kt of sheet ingot, the facility is expected to reduce the company's carbon emissions by more than one million tons each year. The new recycling facility will add approximately 140 new jobs in Guthrie and will be built adjacent to Novelis' existing automotive finishing plant in Guthrie, Kentucky. The Guthrie automotive finishing facility currently employs 150 people and expects to grow to 190 employees over the next two years.
"This groundbreaking marks a major milestone in our ongoing commitment to sustainability and recycling, and also supports our automotive customers' carbon reduction targets," said Tom Boney, Executive Vice President and President of Novelis North America. "The Commonwealth of Kentucky continues to be a great partner to Novelis. We are proud to build on the rich 40-year history of our aluminum recycling operations in Kentucky, and look forward to deepening our relationships to ensure our facility has a lasting, beneficial impact in the region."
The new recycling center, expected to be operational in 2024, will be equipped with industry-leading processes and capabilities, including advanced shredding and sorting technology, as well as energy-efficient innovations to support the company's sustainability goal to reduce energy intensity by 10 percent by 2026 and be net carbon neutral by 2050 or sooner.
"We're grateful to have celebrated this occasion with our employees, community leaders and the great Commonwealth of Kentucky," said Tom Lilienthal, Guthrie Plant Manager.
Novelis welcomed nearly 100 attendees to its groundbreaking, including distinguished guests, Senator Paul, Governor Beshear, Representative Petrie, Representative Thomas, Morgan Alvey from Senator McConnell's office, Corey Elder from Congressman Comer's office, as well as Guthrie Mayor Jimmy Covington and Judge Todd Mansfield.
"I was thrilled to be a part of Novelis' groundbreaking on their new state-of-the-art facility that will create over 140 jobs for Kentuckians and allow the company to grow its recycling programs to serve customers all across the U.S. I look forward to watching Novelis' continued success in the Commonwealth and the economic prosperity it brings to Guthrie," said Senator Paul.
Novelis has a proud 40-year history of creating jobs in Kentucky and investing in local communities. In addition to its Guthrie automotive finishing facility, Novelis operates an aluminum beverage can recycling plant in Berea and the Logan Aluminum joint venture in Russellville - employing 1,600 people in the state.
"I am very pleased to have the opportunity to take part in this ground-breaking ceremony today for a project that will create 140 quality jobs for Kentucky residents," Gov. Andy Beshear said. "Novelis has seen rapid growth in our state, and this new recycling center in Todd County emphasizes the company's commitment to sustainability and job creation in the commonwealth. I want to thank the leaders at Novelis for this latest long-term commitment in our incredible workforce."
About Novelis
Novelis Inc. is driven by its purpose of shaping a sustainable world together. We are a critical partner providing innovative aluminum solutions to customers, and the world's largest roller and recycler of aluminum. Our ambition is to be the leading provider of low-carbon, sustainable aluminum solutions and to achieve a fully circular economy by partnering with our suppliers, as well as our customers in the aerospace, automotive, beverage can and specialties industries throughout North America, Europe, Asia and South America. Novelis had net sales of $12.3 billion in fiscal year 2021. Novelis is a subsidiary of Hindalco Industries Limited, an industry leader in aluminum and copper, and the metals flagship company of the Aditya Birla Group, a multinational conglomerate based in Mumbai. For more information, visit novelis.com.
Forward-Looking Statements
Statements made in this news release that describe Novelis' intentions, expectations or predictions may be forward-looking statements within the meaning of securities laws. Examples of forward-looking statements in this news release include expectations to reduce carbon emissions by more than one million tons each year, the creation of 140 new jobs at Guthrie for the new recycling facility, and expectations to grow the rest of the workforce to 190 employees over the next two years. Novelis cautions that, by their nature, forward-looking statements involve risk and uncertainty. We do not intend, and we disclaim any obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise. Important risk factors which could impact outcomes are included under the caption "Risk Factors" in the company's Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended March 31, 2021.
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SOURCE Novelis Inc. | https://www.whsv.com/prnewswire/2022/05/02/novelis-breaks-ground-365-million-advanced-recycling-center/ | 2022-05-02T22:28:43Z |
First in vivo studies to demonstrate the potential of Orna's circular RNA (oRNA™) platform in cancer, genetic disorders, and infectious diseases
CAMBRIDGE, Mass., May 2, 2022 /PRNewswire/ -- Orna Therapeutics, a biotechnology company dedicated to designing and delivering a new class of fully engineered circular RNA therapeutics, today announced multiple data presentations at the American Society of Gene and Cell Therapy (ASGCT) 25th Annual Meeting taking place in Washington, D.C., or virtually, from May 16 - 19, 2022. Oral presentations will describe Orna's pipeline for the first time, revealing key data on its in situ CAR (isCAR™) program, amongst others, and detail the development of a powerful, new screening platform (FoRCE™). Poster presentations will provide additional information on the development of delivery solutions for the isCAR platform and on the development of our muscle genetic disease program.
Details for the presentations are shared below.
Oral Presentations:
In-situ CAR Therapy Using oRNA Lipid Nanoparticles Regresses Tumors in Mice
Presenter: Tom Barnes, Ph.D., CEO
Date/Time/Location: Monday, May 16, 2022 from 9:10 – 9:45 a.m. ET in Room 207
Session: Scientific Symposium: Function and Therapeutics Applications of Circular RNAs (circRNAs)
Summary: Orna will introduce its pipeline along with key data from its isCAR™ program. Data from iterative animal studies will demonstrate that oRNA lipid nanoparticles (oRNA-LNPs) can be designed to overcome current challenges of engineered cell therapies. Orna will also present progress on oRNA-LNP (non-viral) delivery of long forms of dystrophin and advances with vaccine therapies.
Discovery of Translation Initiation Elements Enabled by a Parallel Arrayed Screen of Full-length Viral UTRs in Synthetic Circular RNA
Presenter: Alexander Wesselhoeft, Ph.D., Director, Molecular Biology
Date/Time/Location: Monday, May 16, 2022 from 11:30 – 11:45 a.m. ET in Salon H
Session: Oral Abstract Session: Oligonucleotide Therapeutics
Summary: Newly discovered internal ribosome entry sites (IRES) show greater activity (vs EMCV, a common IRES) and some produce different expression levels based on cell type, granting more options for improved expression and control of oRNA.
Poster Presentations:
Improved Immune Cell Expression with Circular RNA (oRNA) in vivo
Presenter: Kevin Kauffman, Ph.D., Principal Scientist
Date/Time/Location: Monday, May 16, 2022 at 5:30 p.m. ET in Hall D
Session: Poster Session: Oligonucleotide Therapeutics I
Summary: oRNA lipid nanoparticles (oRNA-LNPs) show higher splenic T cell expression and biodistribution to the spleen in vivo with improved formulation characteristics compared to their linear mRNA-LNP counterparts.
Systemic Delivery of Circular RNA Encoding Partial Dystrophins and Expression in Skeletal Muscle
Presenter: Tatiana Fontelonga, Ph.D., Scientist
Date/Time/Location: Tuesday, May 17, 2022 at 5:30 p.m. ET in Hall D
Session: Poster Session: Oligonucleotide Therapeutics II
Summary: Micro and mini versions of the dystrophin gene can be encoded in a high capacity oRNA, delivered via LNP, and properly expressed in primary human cells and the mdx mouse model of Duchenne muscular dystrophy.
About Orna Therapeutics
Orna Therapeutics is a biotechnology company dedicated to designing and delivering a new class of fully engineered circular RNA (oRNA™) therapeutics with the potential to change the way we treat disease. Orna's proprietary platform combines novel technology to design circular RNA transcripts that drive protein expression with validated and unique delivery solutions. oRNA™ has many advantages over traditional mRNA approaches, including simplified production, improved formulatability, and superior protein expression – making it a highly disruptive, new class of RNA therapeutics with vast potential to change patient's lives. To learn more visit: www.ornatx.com and follow Orna Therapeutics on Twitter and LinkedIn.
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SOURCE Orna Therapeutics | https://www.whsv.com/prnewswire/2022/05/02/orna-therapeutics-present-novel-first-in-class-circular-rna-data-upcoming-asgct-2022-annual-meeting/ | 2022-05-02T22:28:49Z |
SCRANTON, Pa., May 2, 2022 /PRNewswire/ -- Peoples Financial Services Corp., a $3.4 billion community bank based in Scranton, Pennsylvania, today announced that Craig Best, Chief Executive Officer, will present at the D.A. Davidson 24th Annual Financial Institutions Conference on Thursday, May 5, 2022 at 11am (Mountain).
Presentation Materials: Peoples Financial Services Corp. will present its current Investor Presentation, which will be available on the Investor Relations section of Peoples' website (psbt.com) prior to the conference.
Safe Harbor Forward-Looking Statements:
We make statements in this press release, and we may from time to time make other statements regarding our outlook or expectations for future financial or operating results and/or other matters regarding or affecting Peoples Financial Services Corp., Peoples Security Bank and Trust Company, and its subsidiaries (collectively, "Peoples") that are considered "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements may be identified by the use of such words as "believe," "expect," "anticipate," "should," "planned," "estimated," "intend" and "potential." For these statements, Peoples claims the protection of the statutory safe harbors for forward-looking statements.
Peoples cautions you that a number of important factors could cause actual results to differ materially from those currently anticipated in any forward-looking statement. Such factors include, but are not limited to: prevailing economic and political conditions, particularly in our market area; the unfolding COVID-19 crisis and the governmental responses to the crisis; the impact on financial markets from geopolitical conflicts such as the military conflicts between Russia and Ukraine; credit risk associated with our lending activities; credit risk associated with our lending activities; changes in interest rates, loan demand, real estate values and competition; changes in accounting principles, policies, and guidelines; changes in any applicable law, rule, regulation or practice with respect to tax or legal issues; our ability to identify and address cyber-security risks and other economic, competitive, governmental, regulatory and technological factors affecting Peoples' operations, pricing, products and services and other factors that may be described in Peoples' Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission from time to time.
In addition to these risks, acquisitions and business combinations, present risks other than those presented by the nature of the business acquired. Acquisitions and business combinations may be substantially more expensive to complete than originally anticipated, and the anticipated benefits may be significantly harder-or take longer-to achieve than expected. As regulated financial institutions, our pursuit of attractive acquisition and business combination opportunities could be negatively impacted by regulatory delays or other regulatory issues. Regulatory and/or legal issues related to the pre-acquisition operations of an acquired or combined business may cause reputational harm to Peoples following the acquisition or combination, and integration of the acquired or combined business with ours may result in additional future costs arising as a result of those issues.
The forward-looking statements are made as of the date of this release, and, except as may be required by applicable law or regulation, Peoples assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements.
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SOURCE Peoples Financial Services Corp. | https://www.whsv.com/prnewswire/2022/05/02/peoples-financial-services-corp-ceo-craig-best-present-da-davidson-24th-annual-financial-institutions-conference/ | 2022-05-02T22:28:55Z |
Shareholders with $25,000 losses or more are encouraged to contact the firm.
BENSALEM, Pa., May 2, 2022 /PRNewswire/ -- Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Rivian Automotive, Inc. ("Rivian" or the "Company") (NASDAQ: RIVN).
Class Period: November 10, 2021 – March 10, 2022
Lead Plaintiff Deadline: May 6, 2022
Investors suffering losses on their Rivian investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.
The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors: (1) that Rivian had underpriced the R1T and R1S to such a degree that Rivian would be forced to raise prices shortly after the IPO; (2) the potential for significant reputational damage and cancellation of fully refundable preorders for the R1T and R1S that would result from Company's need to address its underpriced EVs by raising prices shortly after the IPO; and (3) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
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SOURCE Law Offices of Howard G. Smith | https://www.whsv.com/prnewswire/2022/05/02/rivn-investors-have-opportunity-lead-rivian-automotive-inc-securities-fraud-lawsuit/ | 2022-05-02T22:29:01Z |
, May 2, 2022 /PRNewswire/ -- Link-age today announced that Steve Wermuth, Partner at Strategic Health Care, will join Link-age effective today as Vice President of Strategic Innovation. Wermuth leaves Strategic Health Care to join Link-age after a four-decade long career in public policy, health care, and senior living.
"I am excited to join this successful team, which provides important services to long-term care providers," said Wermuth. "Health care is changing and Link-age's ability to introduce providers to innovations and processes to improve their business functions as well as health outcomes for those they serve will be vital."
Link-age is a union of three interconnected companies that serve the senior living space through its group purchasing organization, market intelligence capabilities, and growth-oriented innovation funds. Through its partnership with investment bank Ziegler, Link-age is focused on growing technology, tech-enabled services, and emerging care delivery models in the post-acute and aging markets.
"Steve's extensive health care and public policy background along with his deep understanding of industry trends make him a perfect fit as our Vice President of Strategic Innovation," said Scott Collins, Chairman and CEO of Link-age. "In this role, Steve will be directly involved in helping Link-age develop and launch innovative new companies that directly address the most critical challenges facing healthcare providers across the continuum."
Prior to joining Strategic Health Care as Partner and managing clients within the health care sector, Wermuth served as Chief Operating Officer at the Ohio Department of Health, overseeing over 120 programs and managing the government affairs staff at the department. Wermuth also served as interim President & CEO for LeadingAge Ohio from 2012-2013 through a transitional period.
Wermuth's background includes nearly 40 years of experience in health care, including 15 years serving as health commissioner in both Tuscarawas and Clark counties. He received his undergraduate degree from the University of Cincinnati in Community Health Education, and a Master's Degree in Public Administration from Kent State University.
Link-age is a Mason, Ohio-based company with membership comprised of more than 850 senior living communities located across the United States. Link-age's three interconnected companies - Solutions, Connect, and Ventures - work together to develop and deliver services that help senior living organizations focus on being successful. For more information, visit www.linkageconnect.com.
Media Contact:
Patrick Schwartz - 330.933.9825
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SOURCE Link-age | https://www.whsv.com/prnewswire/2022/05/02/steve-wermuth-joins-link-age-vice-president-strategic-innovation/ | 2022-05-02T22:29:08Z |
Justices Encouraged to Forbid Race and Ethnicity as Factors in College Admissions
WASHINGTON, May 2, 2022 /PRNewswire/ -- Today, Students for Fair Admissions (SFFA), a nonprofit organization with over 20,000 members, filed its opening brief in two cases pending before the U.S. Supreme Court: Students for Fair Admissions v. Harvard and Students for Fair Admissions v. University of North Carolina.
In November 2014, SFFA filed federal lawsuits against Harvard, the nation's oldest private college, and the University of North Carolina, the nation's oldest public university, alleging that both schools were engaged in unfair, polarizing, and illegal racial discrimination in their admissions policies.
Furthermore, SFFA petitioned the justices to overrule Grutter v. Bollinger, and hold that all institutions of higher education cannot use racial or ethnic classifications and preferences as factors in admissions.
Regarding Harvard, SFFA notes that the college is violating Title VI of the Civil Rights Act by penalizing Asian-American applicants, engaging in racial balancing, overemphasizing race, and rejecting workable race-neutral alternatives. Harvard's demerits of Asian-American applicant's personalities are particularly scandalous and inexcusable. Harvard penalizes them because, according to its admissions office, they lack leadership and confidence and are less likable and kind.
Regarding the University of North Carolina, SFFA notes that the university is violating the U. S. Constitution and Title VI by illegally rejecting a race-neutral alternative to racial admissions preferences because the composition of its student body would change, without proving that the alternative would cause a dramatic sacrifice in academic quality or the educational benefits of overall student-body diversity. UNC rejects any race-neutral alternative, even if those alternatives would improve overall student body diversity.
While Harvard and UNC have breached the current legal boundaries that narrowly permit racial classifications and preferences in college admissions, the legal opinion in Grutter allowing these policies was wrong on the day it was decided on June 23, 2003.
Grutter is also internally contradictory. It claims that racial preferences improve diversity because race is a proxy for certain views and experiences. Then it claims that racial preferences break down stereotypes because race is not a proxy for any views or experiences. The latter is, of course, true: A person's skin color says nothing about who they are, what they think, or where they've been. Yet this is a "lesson of life" learned by most at an early age. And if a student's views aren't tied to his or her race, then why would the racial makeup of a class predictably change what students learn or discuss? Grutter has no answers.
No one is under any illusions that we live in a post-racial society, or that racial discrimination is a thing of the past. But when our most elite universities place high-schoolers on racial registers and tell the world that their skin color affects what they think and know, what they like and don't like, they are hurting, not helping.
Edward Blum, president of Students for Fair Admissions said, "Recent surveys (2022) by the Pew Research Center reveal that 74% of all Americans do not believe a student's race should be a factor in college admissions." The Pew Research report noted:
About eight-in-ten White adults (79%) say race or ethnicity should not factor into admission decisions. By comparison, 68% of Hispanic adults say this, as do about six-in-ten Asian American (63%) and Black (59%) adults. And while 87% of Republicans say race or ethnicity should not be a factor in admissions, that share falls to 62% among Democrats.
Blum added, "In a multi-racial, multi-ethnic nation like ours, the college admissions bar cannot be raised for some races and ethnic groups but lowered for others. Our nation cannot remedy past discrimination and racial preferences with new discrimination and different racial preferences."
Blum noted, "These two cases now at the U.S. Supreme Court are rescue missions for the colorblind legal principles that hold together Americans of all races and ethnicities.
Blum concluded, "The ancient faith that gave birth to our nation's civil rights laws is the principle that an individual's race should not be used to help or harm them in their life's endeavors. It is the hope of the vast majority of all Americans that the justices end these polarizing admissions policies."
Students for Fair Admissions
2200 Wilson Blvd. #102-13
Arlington, VA 22201
StudentsForFairAdmissions.org
703-505-1922
edwardjayblum@gmail.com
Media Contact:
Edward Blum
703-505-1922
edwardjayblum@gmail.com
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SOURCE Students for Fair Admissions | https://www.whsv.com/prnewswire/2022/05/02/students-fair-admissions-files-opening-brief-us-supreme-court-students-fair-admissions-v-harvard-students-fair-admissions-v-university-north-carolina/ | 2022-05-02T22:29:14Z |
THE WOODLANDS, Texas, May 2, 2022 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) today announced first quarter 2022 results.
First quarter 2022 revenue of $130 million was up 68% year on year and up 15% sequentially from the fourth quarter of 2021. Net income before discontinued operations was $7.7 million, including the benefit of $1.1 million of mark-to-market gains from TETRA's equity ownership in CSI Compressco LP and including $564,000 of non-recurring credits, net of charges. This compares to a net loss before discontinued operations of $703,000 in the fourth quarter, including $891,000 of non-recurring charges and expenses. Net income per share from continuing operations was $0.06 in the first quarter compared to a net loss per share from continuing operations in the fourth quarter of $0.01.
Adjusted EBITDA was $20.5 million, inclusive of the mark-to-market gains of $1.1 million and excluding non-recurring credits, net of charges of $564,000. First quarter adjusted EBITDA increased $7.4 million, or 57%, over the fourth quarter of 2021 reflecting stronger onshore and offshore activity and the benefit of higher pricing.
Cash flow from operating activities was $5.9 million in the first quarter of 2022. Adjusted free cash flow from continuing operations was a use of $2.9 million reflecting the strong ramp up of activity in March. Account receivables increased $12.3 million during the quarter reflecting the stronger activity at the end of the quarter.
Brady Murphy, TETRA President and Chief Executive Officer, stated, "We delivered a very strong first quarter which was the highest first quarter adjusted EBITDA in the past five years, excluding TETRA CS Neptune® fluids projects. Our strategy to exit the COVID driven severe industry downturn by emerging stronger than before the pandemic is well ahead of schedule for both of our segments. We are also continuing to make excellent progress with our low carbon energy businesses.
Revenue of $130 million, net income of $7.7 million and adjusted EBITDA of $20.5 million are very comparable to the pre-pandemic first quarter, 2020 period with $133 million of revenue, net loss of $1.6 million and $21.8 million in adjusted EBITDA, but with 14% fewer operating U.S. frac crews, 19% lower U.S. rig count and 23% fewer international rigs. We believe that we are still in the early stages of a multi-year industry growth cycle, yet our business segment results reached levels not seen for several years. Our Eastern Hemisphere region achieved the highest adjusted EBITDA since the second quarter of 2015. Our Water and Flowback adjusted EBITDA margins of 14.5% is the highest since the third quarter of 2019 with the March results being above our full year target of 15.0%. Although our Permian Basin business led the way with first quarter revenue being more than three times the low point of the third quarter of 2020, we are also seeing improved results and good contribution from each of our other regions. Despite allocating a good amount of our 2022 capital investments to our TETRA Sandstorm™ technology, we continue to be sold out with pricing in several regions now approaching pre-pandemic levels. Our focus on produced water treatment and recycling continues to generate good results with four new recycling awards in the first quarter, including our first recycling project for a midstream company. We also were awarded another early production facility in Argentina that is expected to be operational in the first quarter of 2023 on the back of the other two awards we received last year that will come online in the second half of this year.
Our low carbon energy businesses are tracking to plan as we completed the drilling of our Arkansas exploration well and obtained brine fluid samples from multiple Smackover formation zones. We expect to have the bromine and lithium fluid analysis results completed within the coming weeks. We expect that this will allow us to complete an inferred resources study for both the bromine and lithium in our approximate 40,000 gross acre brine leases in Arkansas. We are in the process of bidding to award the work for a preliminary economic assessment ("PEA") to determine the economics of developing the 3,600 net acres for which we hold exclusive brine rights to meet our demand for bromine-based fluids for a growing oil and gas market as well as a rapidly expanding energy storage market. In addition to the bromine, we plan to extract lithium from the same brine feed - which we expect will greatly benefit the financial returns for the project. We continue to ship our high purity zinc bromine solution, TETRA PureFlow® to Eos Energy Enterprises, Inc. ("Eos") under our recently announced strategic partnership. The size of the shipments are expected to increase as Eos expands its production capacity to meet its growing backlog and significant amount of identified opportunities.
Overall I'm very pleased with what our employees were able to deliver in the first quarter and the future we are creating for our company."
This press release includes the following financial measures that are not presented in accordance with generally accepted accounting principles in the United States ("GAAP"): Adjusted income (loss) per share from continuing operations, Adjusted EBITDA, and Adjusted EBITDA Margin (Adjusted EBITDA as a percent of revenue) on consolidated and segment basis, Adjusted income/(loss) from continuing operations, adjusted free cash flow from continuing operations, and net debt. Please see Schedules E through H for reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures.
First Quarter Results and Highlights
A summary of key financial metrics for the first quarter are as follows:
Completion Fluids & Products first quarter 2022 revenue of $73.2 million increased 22% from the fourth quarter of 2021 due to stronger activity in the Gulf of Mexico and international markets, and an increase in industrial chemicals product sales. Completion Fluids & Products income before taxes was $19.3 million in the first quarter (26.4% of revenue) compared to $14.9 million (24.9% of revenue) in the fourth quarter of 2021. Adjusted EBITDA of $19.1 million increased $2.3 million sequentially. Completion Fluids & Products adjusted EBITDA margins were 26.1% in the first quarter compared to 28.1% in the fourth quarter of 2021 which included a $4.6 million gain from the gain of the sale of TETRA's equity ownership in Standard Lithium. Excluding the realized and unrealized mark-to-market gains, adjusted EBITDA margins improved sequentially by 580 basis points. First quarter adjusted EBITDA, excluding TETRA CS Neptune® fluids sales and mark-to-market gains, was the highest since the first quarter of 2020. Our North American industrial chemicals business had an outstanding first quarter achieving the highest adjusted EBITDA since the first quarter of 2017. Our Northern European industrial calcium chloride business was negatively impacted from inflationary pressures for certain raw materials due to the global shipping constraints and geopolitical events.
Water & Flowback Services revenue was $56.8 million in the first quarter of 2022, an increase of 7% from the fourth quarter of 2021, and income before taxes was $2.7 million. Adjusted EBITDA of $8.2 million (14.5% of revenue) increased 19% sequentially and over nine times from the first quarter of 2021 due to higher overall customer activity in the North America onshore business combined with some pricing improvements. Adjusted EBITDA margins improved from 12.9% in the fourth quarter of 2021 to 14.5% in the first quarter of 2022 - a sequential improvement of 160 basis points. We exited the quarter with adjusted EBITDA margins over 15% as pricing for our Unites States onshore land business has improved as activity continues to recover.
Free Cash Flow and Balance Sheet
Cash from operating activities was $5.9 million in the first quarter while adjusted free cash flow from continuing operations was a use of $2.9 million due to the ramp up of accounts receivables reflecting the higher quarter-end activity levels. Liquidity at the end of the first quarter was $95 million, an improvement of $28 million from the fourth quarter of 2021 driven by a higher borrowing base. Liquidity is defined as unrestricted cash plus availability under our revolving credit facilities. At the end of the first quarter unrestricted cash was $33 million and availability under our credit agreements was $62 million. Debt was $154 million, while net debt was $121 million. TETRA's net leverage ratio continued to improve and was at 2.1X at the end of the first quarter of 2022 – the best since the second quarter of 2018 – and reflects the recent term loan payments and improving adjusted EBITDA.
Non-recurring Charges and Expenses Items
Non-recurring credits and expenses are reflected on Schedule E and include a $3.8 million insurance settlement received during the first quarter, $1.9 million of costs associated with the exploratory brine well and $1.3 million of cumulative adjustments to long-term incentives and appreciation right expenses.
Conference Call
TETRA will host a conference call to discuss these results tomorrow, May 3, at 10:30 a.m. Eastern Time. The phone number for the call is 1-888-347-5303. The conference call will also be available by live audio webcast and may be accessed through the Company's investor relations website at http://ir.tetratec.com/events-and-webcasts. A replay of the conference call will be available at 1-877-344-7529 conference number 4381016, for one week following the conference call and the archived webcast will be available through the Company's website for thirty days following the conference call.
Investor Contact
For further information: Elijio Serrano, CFO, TETRA Technologies, Inc., The Woodlands, Texas, Phone: (281) 367-1983, www.tetratec.com
Financial Statements, Schedules and Non-GAAP Reconciliation Schedules (Unaudited)
Schedule A: Consolidated Income Statement
Schedule B: Condensed Consolidated Balance Sheet
Schedule C: Consolidated Statements of Cash Flows
Schedule D: Statement Regarding Use of Non-GAAP Financial Measures
Schedule E: Non-GAAP Reconciliation of Adjusted Income (Loss) From Continuing Operations
Schedule F: Non-GAAP Reconciliation of Adjusted EBITDA
Schedule G: Non-GAAP Reconciliation of Net Debt
Schedule H: Non-GAAP Reconciliation to Adjusted Free Cash Flow From Continuing Operations
Schedule I: Non-GAAP Reconciliation to Net Leverage Ratio
Company Overview
TETRA Technologies, Inc. is an industrial and oil & gas products and services company operating on six continents focused on bromine-based completion fluids, calcium chloride, water management solutions, frac flowback and production well testing services. Calcium chloride is used in the oil and gas, industrial, agricultural, road, food and beverage markets. TETRA is evolving its business model by expanding into the low carbon energy markets with its chemistry expertise, key mineral acreage and global infrastructure. Recently announced initiatives include commercialization of TETRA PureFlow® an ultra-pure zinc bromide for stationary batteries and energy storage; advancing an innovative carbon capture utilization and storage technology with CarbonFree to capture CO2 and mineralize emissions to make commercial, carbon-negative chemicals; and development of TETRA's lithium and bromine mineral acreage to meet the growing demand for oil and gas products and energy storage. Visit the Company's website at www.tetratec.com.
Cautionary Statement Regarding Forward Looking Statements
This news release includes certain statements that are deemed to be forward-looking statements. Generally, the use of words such as "may," "see," "expectation," "expect," "intend," "estimate," "projects," "anticipate," "believe," "assume," "could," "should," "plans," "targets" or similar expressions that convey the uncertainty of future events, activities, expectations or outcomes identify forward-looking statements that the Company intends to be included within the safe harbor protections provided by the federal securities laws. These forward-looking statements include statements concerning economic and operating conditions that are outside of our control, including statements concerning recovery of the oil and gas industry; customer delays for international completion fluids related to global shipping and logistics issues; potential revenue associated with prospective energy storage projects or our pending carbon capture partnership; exploration targets of lithium and bromine, the potential extraction of lithium and bromine from the leased acreage, the economic viability thereof, and the timing and costs of such activities; the ability to obtain an inferred resource report and preliminary economic assessment regarding our lithium and bromine acreage; statements regarding debt reduction, projections concerning the Company's business activities, financial guidance, estimated earnings, earnings per share, and statements regarding the Company's beliefs, expectations, plans, goals, future events and performance, and other statements that are not purely historical. The potential quantity and grade of the exploration targets included in this news release are conceptual in nature, there has been insufficient exploration to estimate a mineral resource, and it is uncertain if further exploration will result in the estimation of a mineral resource. The exploration targets expressed should not be misrepresented or misconstrued as an estimate of a mineral resource or mineral reserve. These forward-looking statements are based on certain assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of risks and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future performances or results and that actual results or developments may differ materially from those projected in the forward-looking statements. Some of the factors that could affect actual results are described in the section titled "Risk Factors" contained in the Company's Annual Reports on Form 10-K, as well as other risks identified from time to time in its reports on Form 10-Q and Form 8-K filed with the Securities and Exchange Commission.
Schedule D: Statement Regarding Use of Non-GAAP Financial Measures
In addition to financial results determined in accordance with U.S. GAAP, this press release may include the following non-GAAP financial measures for the Company: adjusted income (loss) per share from continuing operations; consolidated and segment adjusted EBITDA; segment adjusted EBITDA as a percent of revenue ("Adjusted EBITDA margin"); adjusted income (loss) from continuing operations, adjusted free cash flow from continuing operations; net debt, and net leverage ratio. The following schedules provide reconciliations of these non-GAAP financial measures to their most directly comparable U.S. GAAP measures. The non-GAAP financial measures should be considered in addition to, not as a substitute for, financial measures prepared in accordance with U.S. GAAP, as more fully discussed in the Company's financial statements and filings with the Securities and Exchange Commission.
Management believes that the exclusion of the special charges from the historical results of operations enables management to evaluate more effectively the Company's operations over the prior periods and to identify operating trends that could be obscured by the excluded items.
Adjusted income (loss) from continuing operations is defined as the Company's income (loss) before noncontrolling interests and discontinued operations, excluding certain special or other charges (or credits), and including noncontrolling interest attributable to continued operations. Adjusted income (loss) from continuing operations is used by management as a supplemental financial measure to assess financial performance, without regard to charges or credits that are considered by management to be outside of its normal operations.
Adjusted earnings (loss) per share from continuing operations is defined as the Company's diluted earnings (loss) per share excluding certain special or other charges (or credits), discontinued operations and noncontrolling interest attributable to discontinued operations. Adjusted diluted earnings (loss) per share is used by management as a supplemental financial measure to assess financial performance, without regard to charges or credits that are considered by management to be outside of its normal operations.
Adjusted EBITDA (and adjusted EBITDA as a percent of revenue) is defined as earnings before interest, taxes, depreciation, amortization, impairments and certain non-cash charges, non-recurring adjustments and discontinued operations. Adjusted EBITDA (and adjusted EBITDA margin) is used by management as a supplemental financial measure to assess the financial performance of the Company's assets, without regard to financing methods, capital structure or historical cost basis and to assess the Company's ability to incur and service debt and fund capital expenditures.
Adjusted free cash flow from continuing operations is defined as cash from operations less discontinued operations EBITDA and discontinued operations capital expenditures, less capital expenditures net of sales proceeds and cost of equipment sold and including cash distributions to TETRA from CSI Compressco and cash from other investments. Management uses this supplemental financial measure to:
- assess the Company's ability to retire debt;
- evaluate the capacity of the Company to further invest and grow; and
- to measure the performance of the Company as compared to its peer group.
Net debt is defined as the sum of the carrying value of long-term and short-term debt on its consolidated balance sheet, less cash, excluding restricted cash on the balance sheet. Management views net debt as a measure of TETRA's ability to reduce debt, add to cash balances, pay dividends, repurchase stock, and fund investing and financing activities.
Net leverage ratio is defined as debt excluding financing fees & discount on term loan and including letters of credit & guarantees, less cash divided by trailing twelve months adjusted EBITDA for credit facilities. Adjusted EBITDA for credit facilities consists of adjusted EBITDA described above, plus equity compensation expense, less non-cash (gain) loss on sale of investments, (gain) loss on sales of assets and excluding certain special or other charges (or credits). Management primarily uses this metric to assess TETRA's ability to borrow, reduce debt, add to cash balances, pay distributions, and fund investing and financing activities.
Schedule G: Non-GAAP Reconciliation of Net Debt (Unaudited)
The following reconciliation of net debt is presented as a supplement to financial results prepared in accordance with GAAP.
Schedule H: Non-GAAP Reconciliation to Adjusted Free Cash Flow From Continuing Operations (Unaudited)
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SOURCE TETRA Technologies, Inc. | https://www.whsv.com/prnewswire/2022/05/02/tetra-technologies-inc-announces-first-quarter-2022-financial-results-with-eps-006-net-income-77-million-adjusted-ebitda-205-million/ | 2022-05-02T22:29:20Z |
TORONTO, April 29, 2022 /PRNewswire/ - The Board of Directors of TMX Group Limited today declared a dividend of $0.83 on each common share outstanding, payable on June 3, 2022 to shareholders of record at the close of business on May 20, 2022.
TMX Group hereby advises that this dividend is designated as an "eligible dividend" for Canadian income tax purposes.
For the results of the quarter ended March 31, 2022 for TMX Group, please click on the following link: http://www.tmx.com/investor-relations/.
TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, and Trayport which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London and Singapore. For more information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.
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SOURCE TMX Group Limited | https://www.whsv.com/prnewswire/2022/05/02/tmx-group-limited-declares-dividend-083-per-common-share/ | 2022-05-02T22:29:26Z |
CAMBRIDGE, Mass., May 2, 2022 /PRNewswire/ -- Vedere Bio II, Inc., a company developing transformative, next-generation therapies for vision restoration and preservation, today announced that two data abstracts will be presented at the 25th Annual Meeting of the American Society of Gene and Cell Therapy (ASGCT) taking place in Washington, D.C., or virtually, May 16-19, 2022.
The presentations will showcase four novel, proprietary AAV capsids with high retinal transduction efficiency, as well as a new cell line (X-RAP™) for rAAV manufacturing. These advances enhance the probability of success for Vedere's lead program and the ability to establish a pipeline with scalable manufacturability.
Details for the oral and poster presentations are as follows.
Oral presentation:
Novel AAV Capsids for Intravitreal Delivery: Identifying and Characterizing Novel AAV Variants in Non-Human Primates (Abstract #1199)
Date/Time/Location: Thursday, May 19, 2022 from 11:15 AM - 11:30 AM in Ballroom A
Session: Novel AAV Capsids for the Brain, Eye, and Kidney
Poster presentation:
X-RAP™ Suspension Cell Line and Its Platform: Vedere's Solution for rAAV Manufacturing (Abstract #416)
Date/Time/Location: Monday, May 16, 2022 from 5:30 PM - 6:30 PM in Hall D
Session: Vector Product Engineering, Development or Manufacturing I
About Vedere Bio II, Inc.
Vedere Bio II is a privately held, emerging biopharmaceutical company leveraging proprietary optogenetics and photoswitch technologies along with novel AAV capsids to restore vision in all patients with vision loss due to photoreceptor cell death. Comprising a diverse team of pioneering scientists and drug developers, Vedere Bio II is discovering and developing next generation ocular therapies to restore and preserve vision for those patients. The company is headquartered in Cambridge, MA and is funded by Atlas Ventures, Octagon Capital, Mission BioCapital, Samsara BioCapital, the RD Fund and Casdin Capital. For more information, please visit www.vederebio.com or follow Vedere Bio II on Twitter and LinkedIn.
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SOURCE Vedere Bio II, Inc. | https://www.whsv.com/prnewswire/2022/05/02/vedere-bio-ii-present-two-abstracts-asgct-2022-annual-meeting/ | 2022-05-02T22:29:33Z |
Company's first quarter comparable store sales increased 9.4 percent
SUNBURY, Pa., May 2, 2022 /PRNewswire/ -- Weis Markets, Inc. (NYSE: WMK) today reported its financial results for the 13-week first quarter ended March 26, 2022.
"We continued to build on our momentum in the first quarter, when we generated strong comparable store sales and net income increases. Despite significant inflationary pressures, we were able to maintain stable gross profit margins and effectively manage expenses," said Weis Markets' Chairman, President and CEO Jonathan H. Weis. "These results reflect the hard work and dedication of associates at every level of our company. They have helped us navigate the challenges of a pandemic-impacted marketplace while generating first quarter results that exceeded last year's performance and our current year expectations."
Net sales totaled $1.1 billion for the 13-week first quarter ended March 26, 2022, compared to $1.0 billion for the same period in 2021, up 9.7 percent. First quarter comparable store sales increased 9.4 percent on an individual year-over-year basis (accelerating sequentially from the fourth quarter 2021 increase of 6.9 percent) and increased 10.8 percent on a two-year stacked basis.
The Company's first quarter net income totaled $31.4 million compared to $24.3 million in 2021, up 29.4 percent. First quarter earnings per share totaled $1.17 compared to $0.90 per share for the same period in 2021.
Founded in 1912, Weis Markets, Inc. is a Mid Atlantic food retailer operating 197 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia and Virginia. For more information, please visit: WeisMarkets.com or Facebook.com/WeisMarkets.
In addition to historical information, this news release may contain forward-looking statements, which are included pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. For example, risks and uncertainties can arise with changes in: competitive and reputational risks; financial, investment and infrastructure risks; information security, cybersecurity and data privacy risks; supply chain and third-party risks; risks created by pandemics (including the ongoing COVID-19 outbreak and the related responses of governments, consumers, customers, suppliers and employees); and legal, regulatory and other external risks. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise or update these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risk factors described in other documents the Company files periodically with the Securities and Exchange Commission. Management is also providing a two-year stacked comparable store sales analysis, a non-GAAP measure, because management believes this metric is useful to investors and analysts. It is not recommended that the two-year-stacked analysis be considered a substitute for the Company's operating results as reported in accordance with GAAP.
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SOURCE Weis Markets | https://www.whsv.com/prnewswire/2022/05/02/weis-markets-reports-first-quarter-2022-results/ | 2022-05-02T22:29:40Z |
WASHINGTON, May 2, 2022 /PRNewswire/ -- Washington Women in Public Relations (WWPR), a leading resource for female communications professionals in the nation's capital, today announced its 2022-2023 Advisory Council, tasked with providing WWPR leadership with strategic advice on the direction of the organization.
"We are so excited to welcome our 2022-2023 Advisory Council members, an incoming group of amazing industry veterans with a multitude of experience," said Jacqueline Wilson, WWPR President.
The Advisory Council is comprised of leaders in the communications and public relations industry, some bringing a long history of serving WWPR in other capacities alongside new faces to bring fresh perspective to the organization. We are honored to announce Susan Matthews Apgood, Sukhi Sahni, Hillarie Turner and Danielle Veira as WWPR's 2022-2023 council members.
Susan Matthews Apgood
Executive Vice President, Client Relations & Founder at News Generation
Susan Matthews Apgood is the founder of News Generation, a premier media relations firm which she launched in 1997. She sold her company to 4media group in April of 2020, where she is now an Executive Vice President of Client Relations. Apgood is active in a number of public relations associations, including Washington Women in Public Relations, of which she was Treasurer from 2018 to 2022, and in 2014, was one of three finalists for its Woman of the Year award. She is also active in the Public Relations Society of America, National Capital Chapter of which she was Treasurer as well as Co-Chair of both the Thoth Awards and Professional Development committees for many years. PRSA-NCC honored Apgood with its Platinum Award for her continued impact on the chapter in 2017, 2013 and 2011.
Apgood is an adjunct professor in the Kogod School of Business at American University, teaching Women in Organizational Leadership and Introduction to Business. She is a facilitator with Her Corner, where she coaches women in workshops and private sessions to grow their businesses. She earned her MBA in finance from American University and BA in economics from George Washington University.
Sukhi Sahni
Senior Vice President, Head of Brand, DEI, Technology and Innovation Communications at Wells Fargo
Sukhi Sahni currently holds the position of Senior Vice President, Head of Brand, DEI, Technology and Innovation Communications at Wells Fargo. An accomplished marketing and communications strategist, Sahni's career spans public, private and nonprofit sectors. She believes that powerful storytelling is at the heart of good communication and draws on her training as a broadcast journalist to extract truths, push boundaries and challenge the status quo.
Sahni brings the energy of new practitioners with the finesse and fearlessness of a veteran to her daily practice. Previous to Wells Fargo, she was the Head of Corporate Communications for the U.S. Card Division at Capital One. Sahni was recently recognized as the Top Rising Future CCOs list. She is also a recipient of the "Global Innovator 25 Award" and a top woman in PR through the "Top Women in PR Award". Sahni currently serves as an Adjunct Professor teaching the Master's program in PR and Communications at Georgetown University. She earned her BA in economics and psychology from Delhi University and MA in journalism from West Virginia University.
Hillarie Turner
Account Director at FOVNDRY
Hillarie Turner is a seasoned communications professional specializing in health and science and currently serves as an Account Director at FOVNDRY where she provides senior-level counsel and leads media strategy and integrated outreach campaigns for clients. Turner previously worked at Spectrum Science and in-house at medical-speciality and scientific associations overseeing communications planning, leadership media training, media relations, and campaign development and management. She has managed large-scale national meeting press operations and is skilled at working with scientists, healthcare professionals, and researchers to translate scientific data for both professional and consumer audiences.
Turner is a Washington Women in Public Relations past president, serving for two years, and Woman of the Year event co-chair, from 2020 to 2021. She earned her BS in psychology from Elon University and is a member of the D.C. Science Writers Association and the Society for Health Communication.
Danielle Veira
Founder and CEO at Minerva's Legacy Consulting Group, LLC
Danielle Veira is the Senior Vice President of Communications, Marketing, and Membership at Advocates for Community Health (ACH) and the founder and CEO of Minerva's Legacy Consulting Group, LLC. At ACH, Veira leads the organization's external communications, membership engagement, storytelling, and media outreach efforts. She was introduced to ACH through her work at Minerva's Legacy Consulting Group, LLC where she provides leadership coaching and strategic communications services to clients across the country.
Before joining ACH in 2021, Veira spent more than a decade working in nonprofit, advocacy, and philanthropic communications, both in-house and at a strategic communications firm in Washington, DC. Veira is currently on Ragan Communications' advisory board and serves on the board of directors for The ZAC Foundation. She was previously the executive director for the Chicago chapter of ColorComm, Inc., and a member of the local advisory board for iHeartMedia Markets Group's Chicago region. Veira is also a WWPR past president and former board member. She received her BA from Emory University, where she majored in sociology and minored in political science.
As we welcome the incoming advisory council members, WWPR thanks our outgoing council members from the previous term for their time, dedication and guidance: Debra Silimeo, The Silimeo Group, Lauren Lawson-Zilai, Goodwill Industries International, Pattie Yu, The Yu Crew, and Stephenie Fu, the U.S. Department of Agriculture.
Learn more about WWPR and upcoming events at www.wwpr.org.
ABOUT WASHINGTON WOMEN IN PUBLIC RELATIONS
Washington Women in Public Relations (WWPR) is a member-based professional society cultivating and inspiring female communicators to reach their full potential in the DC market and beyond. The organization is committed to providing leadership opportunities, professional development, mentorship, and industry networking. Visit us at wwpr.org, connect with us on LinkedIn and Facebook, and follow us on Twitter @WWPR and on Instagram @WWPRDC.
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SOURCE Washington Women in Public Relations (WWPR) | https://www.whsv.com/prnewswire/2022/05/02/wwpr-announces-2022-2023-advisory-council/ | 2022-05-02T22:29:46Z |
Sponsored - The following content is created on behalf of Aire Serv and does not reflect the opinions of Gray Media or its editorial staff. To learn more about Aire Serv, visit https://www.aireserv.com/central-shenandoah-valley/
Air pollution – we know it affects the environment, but did you know it can happen inside your own home? Indoor air pollution contains VOCs – volatile organic compounds – that can cause headaches or other serious health problems. Pet dander, dust, asbestos, lead and pesticides could be lurking in your air too. Having your home’s air quality regularly tested by our team at Aire Serv of Central Shenandoah Valley can help detect these particles and allow you to take action accordingly.
Here are the top concerns that an air quality test can help diagnose:
Allergens
Air quality testing alerts you to irritating airborne allergens like dust mites and pet dander. Once a test determines which allergens are present, our team at Aire Serv of Central Shenandoah Valley can determine whether an indoor air cleaner would benefit you.
Volatile Organic Compounds (VOC)
When buying a home, it’s especially important to have its indoor air quality tested for VOCs. Performing a test will make sure the home wasn’t remodeled with any harmful products, and will detect the presence of VOCs so you can take appropriate action.
Radon
Radon is a colorless and odorless gas that seriously impacts your health, leading to the development of lung cancer. According to the Environmental Protection Agency, if your home’s air quality exceeds a radon level of 4 picocuries per liter, you’ll need to take action. Our indoor air quality team can help. (540) 692-6955
Asbestos
Asbestos is a carcinogen that was commonly used in the insulation in older homes. If you currently live in a home, or are moving into a home built before 1980, testing for asbestos should be a priority.
Pesticides
We know pesticides can be harmful to your health, but they’re still used to get rid of indoor pests like termites and mice. An indoor air quality test alerts you to the presence of pesticides so you can take the proper steps to eradicate them.
It’s Best to Test
Regardless of what type of residence you live in, it’s best to conduct regular tests to ensure the air you’re breathing is safe. It’s especially important to test a home’s air quality before moving in to make sure there aren’t traces of harmful chemicals that could impact your health in the future.
We care about the safety of your home’s air quality. Reach out to Aire Serv of Central Shenandoah Valley at (540) 692-6955 to schedule a professional test. | https://www.whsv.com/sponsored/aire-serv/why-should-you-have-an-air-quality-test/ | 2022-05-02T22:29:52Z |
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...SMALL CRAFT ADVISORY NOW IN EFFECT UNTIL 6 AM HST TUESDAY...
* WHAT...East to northeast winds 20 to 25 kt. Up to 30 kt over the
Alenuihaha Channel. Seas 7 to 10 feet.
* WHERE...All Hawaiian Coastal Waters.
* WHEN...Until 6 AM HST Tuesday.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
&&
FILE - Naomi Judd poses at the Hero Dog Awards at the Beverly Hilton Hotel in Beverly Hills, Calif., Oct. 6, 2012. Judd, the Kentucky-born matriarch of the Grammy-winning duo The Judds and mother of Wynonna and Ashley Judd, has died, her family announced Saturday, April 30, 2022. She was 76. (Photo by Chris Pizzello/Invision/AP, File)
In announcing their mother Naomi's death Saturday, Ashley and Wynonna Judd wrote that they lost their "beautiful mother to the disease of mental illness."
She wrote about her battle with severe depression and anxiety in her 2016 memoir, "River of Time: My Descent into Depression and How I Emerged with Hope."
"It's the account of hitting rock bottom and rising again to be thankful for taking my next breath, for the gift of clear thought, for wrestling from a nightmare a way to find joy in each day," Judd wrote in her book.
"They tried me on every single thing they had in their arsenal," Judd said at the time. "It really felt like, if I live through this I want someone to be able to see that they can survive."
"Nobody can understand it unless you've been there," Judd told People in 2016. "Think of your very worst day of your whole life -- someone passed away, you lost your job, you found out you were being betrayed, that your child had a rare disease -- you can take all of those at once and put them together and that's what depression feels like."
Her experiences led Judd, who was a nurse before she became famous, to begin advocating for mental health care.
In an essay for NBC in 2017, Judd said her condition kept her "inert for two years" and devastated her daughters and her husband, Larry Strickland, whom she married in 1989.
She advised those suffering from depression to seek assistance from "people that you trust."
"It helps if they've known you a long time, because they can see that there's a pattern. You have to raise your hand and say, 'I'm in deep you-know-what'," Judd wrote.
She shared her struggles with the hope of helping others feel less alone, Judd wrote in the forward to her book, and to thank those who helped her.
"Even in the darkest days," Judd wrote, "I was never blinded to the compassion from my beloveds who continually reached down with loving hands and lifted me out of my harrowing nightmare of despair." | https://www.kitv.com/news/national/naomi-judd-talked-about-her-depression-and-worked-to-help-others-with-it/article_e815a927-f3f5-5f8d-ac2e-1f6cebf25fe0.html | 2022-05-02T22:36:09Z |
...SMALL CRAFT ADVISORY NOW IN EFFECT UNTIL 6 AM HST TUESDAY...
* WHAT...East to northeast winds 20 to 25 kt. Up to 30 kt over the
Alenuihaha Channel. Seas 7 to 10 feet.
* WHERE...All Hawaiian Coastal Waters.
* WHEN...Until 6 AM HST Tuesday.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
&&
United Airlines kicks off 75th anniversary since its flight to Hawaii
HONOLULU (KITV4) - United Airlines marks its 75th year anniversary since its first flight to the Hawaiian Islands on May 1st, 1947. At that time, that was the longest flight over water, a nine hour flight to what is now a five hour flight from San Francisco to Honolulu.
United Airlines operates more than 715 aircrafts on the mainland in many major cities like Los Angeles, Denver, and Chicago. However, United Airlines also serves as one of only two airlines in a small regional airport in Northern California, the Redwood Coast-Humboldt County Airport.
Being a rural area, people in Humboldt County and surrounding areas such as Del Norte County rely on United Airlines for far travel. The town is fairly isolated and all larger cities are at least four hours away.
Eureka resident, Lauri Garrison, is a life-long United Airlines customer that visits Honolulu frequently. She's thankful the company is not only in large international airports, but as well as smaller regional airports.
“Without United Airlines, we’d be land locked. We’re 270 miles from San Francisco and that is the closest major city so United serves as a lifeline for the Humboldt County community,” said Lauri Garrison, a Eureka resident.
Redwood Coast-Humboldt County Airport is home to two airlines, United Airlines and Avelo. Garrison said she has the option to use United Airlines to find connecting flights to Honolulu and hopes other airlines will expand the same way.
Do you have a story idea? Email news tips to news@kitv.com | https://www.kitv.com/united-airlines-kicks-off-75th-anniversary-since-its-flight-to-hawaii/article_6f2b70e8-ca5d-11ec-b1a9-2f86a3ef77f0.html | 2022-05-02T22:36:15Z |
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A group of juvenile prisoners at a Josephine County jail threatened to kill another inmate during a Sunday night riot and hours-long standoff, according to police.
Grants Pass police said the disturbance at the Josephine County Juvenile Justice Center resulted in thousands of dollars in damage with some of the inmates arming themselves with homemade shanks.
“At one point, near the end of the incident, two of the youths threatened the life of the third youth by holding a make-shift-edged weapon to the neck of the third involved incarcerated youth,” according to the Grants Pass Police Department.
The juvenile hall disruption started on Sunday, May 1, at approximately 6:45 when local police received notification of the jailhouse riot.
“During the nearly two-hour standoff, the facility suffered several thousands of dollars in damage. The facility was rendered completely unusable, forcing all of the youths residing on the detention side of the facility to be moved to other regional facilities,” GPPD said in a statement on the incident.
It started when a juvenile prisoner allegedly assaulted another inmate and refused to comply with corrections officer’s orders.
Two male and one female juvenile offenders allegedly barricaded an area of the facility. State, local and county police responded to the incident. The juvenile inmates tried to break into the facility’s control room which controls the door to other cells, police said.
The Grants Pass SWAT team was deployed and used pepper ball munitions to help subdue the three main rioters. There were no injuries other than the initial assault victim.
The Oregon juvenile detention center “was rendered completely unusable, forcing all of the youths residing on the detention side of the facility to be moved to other regional facilities.”
The three riotous juveniles were arrested and face additional charges. Their names were not released by police. | https://www.heraldandnews.com/news/local_news/juvenile-inmates-armed-with-shanks-riot-at-oregon-jail/article_235120b7-d9e9-53fd-baeb-92e69878a0fb.html | 2022-05-02T22:47:40Z |
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People's Rep'c of Guinea-Bissau, Republic of Guyana, Republic of Heard and McDonald Islands Holy See (Vatican City State) Honduras, Republic of Hong Kong, Special Administrative Region of China Hrvatska (Croatia) Hungary, Hungarian People's Republic Iceland, Republic of India, Republic of Indonesia, Republic of Iran, Islamic Republic of Iraq, Republic of Ireland Israel, State of Italy, Italian Republic Japan Jordan, Hashemite Kingdom of Kazakhstan, Republic of Kenya, Republic of Kiribati, Republic of Korea, Democratic People's Republic of Korea, Republic of Kuwait, State of Kyrgyz Republic Lao People's Democratic Republic Latvia Lebanon, Lebanese Republic Lesotho, Kingdom of Liberia, Republic of Libyan Arab Jamahiriya Liechtenstein, Principality of Lithuania Luxembourg, Grand Duchy of Macao, Special Administrative Region of China Macedonia, the former Yugoslav Republic of Madagascar, Republic of Malawi, Republic of Malaysia Maldives, Republic of Mali, Republic of Malta, Republic of Marshall Islands Martinique Mauritania, Islamic Republic of Mauritius Mayotte Micronesia, Federated States of Moldova, Republic of Monaco, Principality of Mongolia, Mongolian People's Republic Montserrat Morocco, Kingdom of Mozambique, People's Republic of Myanmar Namibia Nauru, Republic of Nepal, Kingdom of Netherlands Antilles Netherlands, Kingdom of the New Caledonia New Zealand Nicaragua, Republic of Niger, Republic of the Nigeria, Federal Republic of Niue, Republic of Norfolk Island Northern Mariana Islands Norway, Kingdom of Oman, Sultanate of Pakistan, Islamic Republic of Palau Palestinian Territory, Occupied Panama, Republic of Papua New Guinea Paraguay, Republic of Peru, Republic of Philippines, Republic of the Pitcairn Island Poland, Polish People's Republic Portugal, Portuguese Republic Puerto Rico Qatar, State of Reunion Romania, Socialist Republic of Russian Federation Rwanda, Rwandese Republic Samoa, Independent State of San Marino, Republic of Sao Tome and Principe, Democratic Republic of Saudi Arabia, Kingdom of Senegal, Republic of Serbia and Montenegro Seychelles, Republic of Sierra Leone, Republic of Singapore, Republic of Slovakia (Slovak Republic) Slovenia Solomon Islands Somalia, Somali Republic South Africa, Republic of South Georgia and the South Sandwich Islands Spain, Spanish State Sri Lanka, Democratic Socialist Republic of St. Helena St. Kitts and Nevis St. Lucia St. Pierre and Miquelon St. Vincent and the Grenadines Sudan, Democratic Republic of the Suriname, Republic of Svalbard & Jan Mayen Islands Swaziland, Kingdom of Sweden, Kingdom of Switzerland, Swiss Confederation Syrian Arab Republic Taiwan, Province of China Tajikistan Tanzania, United Republic of Thailand, Kingdom of Timor-Leste, Democratic Republic of Togo, Togolese Republic Tokelau (Tokelau Islands) Tonga, Kingdom of Trinidad and Tobago, Republic of Tunisia, Republic of Turkey, Republic of Turkmenistan Turks and Caicos Islands Tuvalu Uganda, Republic of Ukraine United Arab Emirates United Kingdom of Great Britain & N. Ireland Uruguay, Eastern Republic of Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Viet Nam, Socialist Republic of Wallis and Futuna Islands Western Sahara Yemen Zambia, Republic of Zimbabwe | https://www.wyomingnews.com/news/local_news/cheyenne-greenway-will-be-closed-between-taft-and-cleveland-aves-for-maintenance/article_1f633edc-d60b-5cc2-98c3-61a8f1b6a7c0.html | 2022-05-02T23:15:44Z |
CHEYENNE – The City of Cheyenne has published a schedule for their upcoming work sessions regarding the 2023 fiscal year budget.
Access to the 2023 proposed budget document is available at the link above, at www.cheyennecity.org/FinancialReports under the Adopted & Proposed Budgets tab, and on the homepage of www.cheyennecity.org on the Featured Links tab.
The first work session will be an overview of the proposed budget on Wednesday, May 4. All sessions will be held from 12-1 p.m. at the Municipal Building (2101 O’Neil Ave.) in Council Chambers. The sessions are open to the public; however, no public comments will be taken. A full schedule of the work sessions can be found below:
Wednesday, May 4 – Budget overview with Mayor and City Treasurer
Thursday, May 5 – Mayor, Compliance/IT, City Clerk, City Treasurer
Friday, May 6 – City Attorney, Human Resources, Municipal Court, Youth Alternatives
Monday, May 9 – DDA and Animal Shelter
Tuesday, May 10 – Planning & Development and City Engineer
Wednesday, May 11 – Public Works
Thursday, May 12 – Community Recreation & Events
Friday, May 13 – Police and Fire Departments
Meetings remain available remotely via Zoom to watch. A link for all work sessions is available below and on the City’s Electronic Conference Meeting webpage at www.cheyennecity.org/ecm. The City will provide a live stream on their Facebook, YouTube, and Twitter pages in addition to Spectrum local access channel 192. | https://www.wyomingnews.com/wyomingbusinessreport/industry_news/economy_and_labor/city-provides-schedule-for-budget-work-sessions/article_46358fae-ca60-11ec-b9fb-57b896a2d1ea.html | 2022-05-02T23:15:50Z |
GILLETTE (WNE) — The coal production from Peabody Energy Corp. and Arch Resources Inc. through the first three months of 2022 aligned with the strong projections each company had for their Powder River Basin mines headed into the year, despite rail issues and other logistical challenges.
Their steady coal production comes amid an increased demand for thermal coal sold at higher prices that has carried over from last year.
But both companies have kept an eye on the short-term gains with the other fixed on the looming long-term downfall of the coal industry in the basin.
“I think we’ll continue to generate cash out of these assets but we’re simply not going to put any more cash into them,” said Paul A. Lang, Arch CEO and president, on the company’s quarterly earnings call.
“We’ll do what we have to to feed them and keep them going, but any thought of increasing production beyond what we have the ability to do with equipment on hand is completely out the door.”
From January through March, Arch sold 18.2 million tons of thermal coal, shipped out of Black Thunder and Coal Creek, its two Powder River Basin mines, as well as its West Elk mine in Colorado, according to its quarterly report. That production was on par with the 18.8 million tons sold in the previous quarter that ran through December 2021.
For comparison, Arch sold significantly less — 12.3 million tons — through the first quarter of 2021.
The majority of that coal came from Black Thunder. The company has kept its smaller Campbell County operation, Coal Creek, open for production despite its plans of gradually closing it down for reclamation, in light of the steady demand for coal.
In the same quarter, Peabody sold 20.6 million tons of Powder River Basin coal from its North Antelope Rochelle Mine, Caballo and Rawhide mines in Campbell County.
The production was nearly even with the 20.7 million tons sold in the first quarter of 2021 and less than the 22.5 million tons produced in the fourth quarter of 2021, according to its quarterly report.
Demand for thermal coal — used to produce energy and found in the Powder River Basin— saw an uptick in the latter half of 2021 due to a variety of factors, including increased natural gas prices and the expectation of a colder than normal winter.
Both companies reported logistical challenges in meeting that demand, primarily related to railway transportation issues, although those have reportedly improved month-to-month through the quarter and into April.
The start of the year for two companies controlling five of the 12 coal mines in Campbell County signaled the industry is on track for the strong year of sales they expected in 2022.
But that hasn’t affected the long-term trajectory.
Still harvesting cash
Last year, Arch announced its plans to shift its focus towards metallurgical, or coking, coal used for steel production and away from thermal coal, fast-tracking its departure from mining in the basin.
While funding its reclamation and retirement obligations on Black Thunder and Coal Creek, the company has made good on its plan to continue “harvesting cash” from those mines in their twilight years.
The company’s thermal coal mines have raked in over $1 billion in adjusted income while spending $114 million in capital over the past 22 quarters, or 5.5 years, according to the report.
Through the first quarter of 2022, Arch reported a net income of $271.9 million, a far cry from the $6 million net loss the company saw at the end of March last year.
“The Arch team executed at a high level during the first quarter, delivering record earnings despite significant rail-related challenges that constrained both coking and thermal coal shipments,” Lang said in a press release.
All while progressing towards its exit from the basin.
Its thermal mine reclamation fund reached $100 million, which is about 80% of the company’s target goal. Its goal is to have it fully funded by the third quarter of this year.
Since 2021, Arch paid $39.4 million towards its “asset retirement obligation” in the Powder River Basin but still owes $150.4 million towards those requirements.
The company instituted a reclamation fund used towards the money needed to eventually close and reclaim its PRB mines.
The company put $40 million in the fund through the first quarter of 2022, then incrementally added another $60 million throughout April, leaving it with $100 million of its $130 million goal in line with its Black Thunder retirement obligation this July, according to the report.
“With the set up of this thermal reclamation fund, we can run this as long as it’s profitable and as long as it makes sense, but the second it stops, I have no hesitation doing what we have to do ultimately which is close these operations,” Lang said on the call.
Peabody ramping up
Although Peabody had its mines busy hauling coal out of the basin, the international company reported a $119.5 million net loss attributable to its stock holders through the first quarter of 2022.
But the company has its eyes on the rest of the year when it expects to ramp up coal production in the basin.
Since the year began, the company invested $40 million into its basin and other U.S. mines, expecting to produce more coal through the rest of the year. Those dollars included investment in equipment overhauls and recruiting and training its workforce, Peabody officials said on the earnings call.
For this year, basically all of the company’s thermal coal volumes are priced and committed, with incremental volumes expected to come from the basin at the whims of the railway logistics.
Along with the higher volumes, the company expects a higher price of coal from the basin in the second half of the year. But the cost of producing that coal is expected to grow too, due to inflationary factors.
That coal boon may last longer than expected, as the company reported having 59 millions tons of Powder River Basin coal committed in 2023.
“In the first quarter, we set the stage for the remainder of the year, addressing challenges to delivering projected volumes and costs across the platform and continued to strengthen our balance sheet while expanding the value offering we provide our customers and increasing our sold coal position,” said Peabody President and CEO Jim Grech, in a press release.
“Strong global market dynamics persist for our products, driving prices to unprecedented levels globally. With projected increased sales, we remain poised to deliver a strong 2022.”
During the Arch quarterly earnings call, and without being specific, its officials said that the company has already built a strong book of business for thermal coal into 2023.
They added that the pricing is not to the levels of 2022 but still above the historical averages prior to 2022.
This story was published on April 30. | https://www.wyomingnews.com/wyomingbusinessreport/industry_news/economy_and_labor/prb-coal-demand-and-production-continues/article_5e83bf18-ca60-11ec-bbc0-cb114ea3a383.html | 2022-05-02T23:15:56Z |
CASPER — In 1994, former President Bill Clinton passed the Violent Crime Control and Law Enforcement Act, often considered the most far-reaching crime law in U.S. history.
The act ended Pell Grants – federal grants usually given to students with high financial need – for people in prison. Most inprison college programs heavily depended on money from Pell Grants and other federal aid because people in prison are overwhelmingly poor. In the year before the 1994 crime law, about 23,000 federal and state prisoners used these grants, a paper from the American Enterprise Institute estimates.
Data from the U.S. Department of Justice shows a drop in college course participation among inmates following the 1994 crime law; in 1991, the participation rate was around 19% for federal prisoners and 14% for state prisoners. That fell to around 10% and 7% in 2004, respectively. The number of college-in-prison programs also fell, according to the Prison Policy Initiative. In the early 90s, there were about 772 programs. By 1997, only about eight programs remained.
But there’s some turnaround on this trend. The administration of former President Barrack Obama established the Second Chance Pell Experiment in 2015. The initiative partly put back in place prison inmates’ former eligibility for the grants. Last week, the U.S. Department of Education chose Wyoming Pathways from Prison – the University of Wyoming’s prison education initiative – to be one among about 200 institutions across almost all 50 states participating in the program.
“After 30 years, the consensus is that it was a mistake to withhold this money from inmates,” said Dan Fetsco, an attorney and UW faculty member in the Criminal Justice & Sociology Department.
Fetsco is part of the team that operates Wyoming Pathways from Prison, which offers free UW college courses to people in Wyoming prisons. The program started in 2016 and has been volunteer-driven, with one-off classes that typically count for one college credit.
Before joining UW, Fetsco worked as the deputy director and executive director of the Wyoming Board of Parole. Through that experience, he became familiar with educational offerings within prisons. Being part of Wyoming Pathways from Prison, he said, was a “natural fit.” He taught his first class through the program on correctional legal history and inmate rights this past year.
“It was a popular class,” he said. Before COVID, UW professors traveled around the state to all of Wyoming’s prisons, teaching inmates about topics ranging from financial literacy to Greek history.
UW Assistant Professor of Philosophy Rob Colter said he would stay at an Airbnb near a prison for a week and teach two- to threehour classes in the morning and afternoon for inmates everyday. The first course he taught was about Stoic philosophy.
“What I aim for is some kind of transformation in the way we think about ourselves and our lives,” he said.
That transformation isn’t just theoretical.
“Data shows a strong correlation between education and reduced recidivism,” Fetsco said.
A 2018 study by the RAND Corporation, a public policy research organization, found that inmates who took part in a correctional education program had about a 43% decrease in their odds of returning to prison compared to their counterparts who didn’t. A 2015 study published in the Journal of Correctional Education came to a similar conclusion.
But the courses that Wyoming Pathways from Prison was offering were intermittent and didn’t result in an actual degree – there simply wasn’t enough funding and volunteers to offer inmates a degree-bearing program.
Participation in the Second Chance initiative, however, will change that. The extra funding will help Wyoming Pathways offer a four-year UW college degree in general studies for inmates, making it the first four-year degree offered in Wyoming prisons since the 1994 crime law.
“It’s going to allow us to take a huge jump,” Colter said. “This development is really big for the university’s ability to serve some of the most vulnerable and marginalized people in the state.”
The team at Wyoming Pathways from Prison plans to work on creating the admissions process for the degree program this summer and aims to have the first cohort of students start in the fall.
This story was published on May 2. | https://www.wyomingnews.com/wyomingbusinessreport/industry_news/economy_and_labor/uw-to-offer-inmate-degrees/article_7f91c970-ca60-11ec-800a-df98c0975a16.html | 2022-05-02T23:16:02Z |
CHEYENNE – Tagg Lain cited family reasons for leading him to retire from coaching and teaching at Cheyenne Central on Monday.
Lain spent the past eight years as the Indians boys basketball coach, guiding them to a 131-75 record and state championships in 2016 and ’21.
Lain’s wife, Mary, stepped away from teaching last year and has re-entered the job market. Now seemed like the right time for Tagg to step aside and focus on their infant son as Mary pursues new opportunities.
“She’s looking for jobs and if she were to find something, we’re going to go,” Lain said. “She has a couple options that are out there. This is putting her as the priority. I can take my retirement from the state and district with a pretty good package.
Stepping aside now also gives Central time to line up its next boys basketball coach.
“I don’t want to leave Central in a lurch at some point when it comes to finding its next boys basketball coach,” Lain said. “There are still plenty of openings in the district. Hopefully, they can attract a great group of candidates for the job. This is the best thing for my family and Central basketball.
“I care for Central a great deal, and I wanted to make sure I do them justice as well as doing what’s right for me.”
Prior to taking over as head coach, Lain also served as an assistant for the Indians under coaches Lew Roney, Mike McLeod, Mike Jackson and Doug Moratzka.
“(Central) thanks coach Lain for his effort, energy and passion that was on display in every open gym, practice and game during his tenure,” Indians athletics director Chad Whitworth wrote in a news release. “We wish him the best in his future, whatever that may hold. He will also hold a special place in the history of Central boys basketball.”
While the state championship teams will always hold a special place for Lain, he said he will never forget the lessons he learned during his time as an assistant. Lain also is excited about the future of Central’s boys program.
“I’m proud of the program’s growth and getting back to the point where we have so many kids in the gym all the time and so much interest in the program from the Tribe developmental program all the way up through varsity,” Lain said. “(Roney and McLeod) influenced me the most. I had the opportunity to have them speak to the team over the years to try and re-connect our program to the glory days of the ’80s and ’90s.
“That was a great privilege because of how much respect I have for this program and the guys who came before me and how they did things the right way.”
In addition to coaching at Central, Lain helped lead the Cheyenne American Legion Post 6 baseball program to 15 state championships and three Northwest Regional runner-up finishes. | https://www.wyomingnews.com/wyosports/high_school/cheyenne_central/tagg-lain-retires-from-coaching-teaching-at-central/article_eb0411e7-3640-5b96-81e9-198ca5bd8eb0.html | 2022-05-02T23:16:09Z |
University of Wyoming sixth-year senior defensive end Garrett Crall celebrates with the Bridger’s Rifle trophy after the Cowboys’ 44-17 victory over Utah State on Saturday, Nov. 20, 2021, at Maverick Stadium in Logan, Utah. Eli Lucero/The Herald Journal
University of Wyoming sixth-year senior defensive end Garrett Crall celebrates with the Bridger’s Rifle trophy after the Cowboys’ 44-17 victory over Utah State on Saturday, Nov. 20, 2021, at Maverick Stadium in Logan, Utah. Eli Lucero/The Herald Journal
University of Wyoming defensive end Garrett Crall and center Keegan Cryder became the second and third Cowboys in the past week to receive an NFL opportunity.
On Monday, Crall joined the Miami Dolphins as an undrafted free agent. Cryder inked with the Tampa Bay Buccaneers.
Crall was an All-Mountain West honorable mention last season after compiling 44 total tackles, 24 solo stops, 2½ sacks, six tackles for loss, four quarterback hurries and two pass breakups. He finished his UW career with 191 total tackles, 95 solo stops, 16 sacks, 27 tackles for loss, eight pass breakups, two forced fumbles and three fumble recoveries.
A former walk-on, Crall was a team captain during his final two seasons. He helped lead the Pokes to three bowl victories, appearing in 54 games with 40 starts between 2017-21.
Cryder was a three-time All-Mountain West honoree and two-time team captain with the Cowboys, making 44 consecutive starts without missing a single game. He was named to the Outland Trophy watch list each of his final two seasons, and was also named to the Rimington Trophy watch list.
The Littleton, Colorado, product won three bowl games during his college career. He was also a leader for an offensive line that helped UW rank among the top 25 in the country in rushing offense in 2019, 2020 and 2021.
Crall and Cryder join former teammate Chad Muma, who was selected by the Jacksonville Jaguars in the third round of last weekend’s draft, as the second NFL-bound Poke this off-season. | https://www.wyomingnews.com/wyosports/university_of_wyoming/crall-cryder-sign-as-undrafted-free-agents/article_cc89696d-8174-5b62-8d90-24f80668322c.html | 2022-05-02T23:16:15Z |
Biden to meet with parents of missing journalist Austin Tice
WASHINGTON (AP) — President Joe Biden said he was meeting Monday with the parents of American journalist Austin Tice, who was abducted in Syria 10 years ago.
The meeting with Marc and Debra Tice is expected to take place at the White House.
Debra Tice was introduced Saturday night as being in attendance at the White House Correspondents’ Association Dinner, where Biden paid tribute in his remarks to journalists who are missing or detained. Biden also said at the event that he wanted to meet with the Tices to speak about their son.
“After the president made those comments, obviously we went into action to work to set up the meeting,” White House press secretary Jen Psaki said Monday, adding that the White House has “been very closely engaged with the family.”
Tice, who is from Houston and whose work had been published by The Washington Post, McClatchy newspapers and other outlets, disappeared in August 2012 at a checkpoint in a contested area west of Damascus.
A video released weeks later showed him blindfolded and held by armed men and saying, “Oh, Jesus.” He has not been heard from since. Syria has never acknowledged holding him.
In the final months of the Trump administration, two U.S. officials — including the government’s top hostage negotiator, Roger Carstens — made a secret visit to Damascus to seek information on Tice and other Americans who have disappeared in Syria. It was the highest-level talk in years between the U.S. and the government of Syrian President Bashar Assad, though Syrian officials offered no meaningful information on Tice.
Psaki said there have been multiple meetings between members of the Tice family and administration officials since December, when Debra spoke with Jake Sullivan, Biden’s national security adviser. The most recent one was last week.
Debra Tice has previously been critical of her lack of direct White House access, saying at a National Press Club event last December that she had not met with Biden since he became president and that he has never said Austin’s name publicly.
“The hurdle I’m having is the White House,” she said then.
Last week, the U.S. secured the release of Trevor Reed, a U.S. Marine veteran detained in Russia for nearly three years, as part of a prisoner swap.
Relatives of Reed and other detained Americans are holding a news conference near the White House on Wednesday to advocate for their loved ones’ release.
____
Associated Press writer Chris Megerian contributed to this report.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wvva.com/2022/05/02/biden-meet-with-parents-missing-journalist-austin-tice/ | 2022-05-02T23:18:03Z |
Bidens to host 2020 US Olympic Team at White House
WASHINGTON (AP) — President Joe Biden plans to host the 2020 U.S. Olympic Team at the White House on Wednesday, staging a much-delayed, in-person celebration for participants of the Japan Games — which were themselves pushed back a year by the coronavirus.
The president and first lady Jill Biden will host the Olympians on the South Lawn, the White House said.
Jill Biden made her first solo overseas trip as first lady by traveling to Tokyo to attend the 2020 Olympics in July 2021 — though access remained restricted because of the pandemic.
Last summer, the Bidens hosted a virtual celebration for Team USA from the Tokyo Olympics from their home in Delaware. The president said then that he’d like to host the team at the White House in the future.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wvva.com/2022/05/02/bidens-host-2020-us-olympic-team-white-house/ | 2022-05-02T23:18:10Z |
Negotiations between Greenbrier Hotel, Labor Union still ongoing
WHITE SULPHUR SPRINGS, W.Va. (WVVA) -Negotiations between The Greenbrier Hotel Corporation and the Greenbrier Council for Labor Unions- which represents more than 600 Greenbrier Hotel employees- have been going on since January 2022. According to The Greenbrier Hotel Corporation, these negotiations offered a tentative agreement that would run through April 2025; however, no formal agreement has yet to be made and, in fact, an extension has been granted.
WVVA reached out to both parties. While both declined to comment, they did release statements at the end of last week.
The Greenbrier’s statement says the lack of ratifications by the union members comes as a shock given the nature of the negotiations that they have been in for more than 90 days. The union did not give a reason for the delay in agreements, but the council’s chairperson Peter Bostic says they are still bargaining with the hotel.
Both the Hotel Corporation and the Council of Labor Unions have agreed to extend the negotiations to eliminate work stoppages. The Greenbrier says this will allow them to continue to offer “world-class service.”
WVVA will continue to follow these negotiations as they develop.
Read both statements in their entirety below:
GREENBRIER HOTEL CORPORATION
“The Greenbrier Hotel Corporation has been involved in good faith negotiations for over 90 days on a new collective bargaining agreement with the Greenbrier Council of Labor Unions (“GCLU”). GCLU collectively represents the majority of the approximate 600 unionized employees at The Greenbrier Hotel. These negotiations resulted in a new tentative agreement between the parties, which would run through April 30, 2025. Unfortunately, this tentative agreement has not been ratified by the union members. This comes as a surprise to The Greenbrier, given the nature of the negotiations that resulted in the tentative agreement. The parties have agreed to an extension of the current collective bargaining agreement so the new collective bargaining agreement can be ratified without any work stoppages, ensuring the continued world-class service at The Greenbrier.”
GREENBRIER COUNCIL FOR LABOR UNIONS
“On Thursday, April 28, 2022, the members of eight separate Unions bargaining as the Greenbrier Council of Unions that represents over 600 employees at The Greenbrier Hotel Corporation, failed to ratify a proposed Collective Bargaining Agreement that all parties have collectively worked and bargained in good faith on since late January of 2022.
The Unions and The Greenbrier have agreed to an extension of the current Collective Bargaining Agreement while they continue to bargain in good faith to reach a new Collective Bargaining Agreement.”
The separate Unions represented on the Council are:
- MID-ATLANTIC REGIONAL JOINT BOARD OF WORKERS UNITED, LOCAL 863
- UNITED BROTHERHOOD OF CARPENTERS AND JOINERS OF AMERICA, LOCAL UNION NO. 439
- COMMUNICATIONS WORKERS OF AMERICA
- THE INTERNATIONAL ALLIANCE OF THEATRICAL STAGE EMPLOYERS & MOVING PICTURE MACHINE OPERATORS OF THE UNITED STATES, ITS TERRITORIES & CANADA, AFL-CIO
- LIUNA LOCAL NO, 1353, WV AFL-CIO, an affiliate of the WV & Appalachian Laborer’s District Council
- INTERNATIONAL UNION OF PAINTERS AND ALLIED TRADES, DISTRICT COUNCIL 53, LOCAL UNION 970
- UNITED ASSOCIATION OF JOURNEYMEN, PLUMBERS AND PIPEFITTERS AND APPRENTICES, LOCAL UNION 625
Copyright 2022 WVVA. All rights reserved. | https://www.wvva.com/2022/05/02/negotiations-between-greenbrier-hotel-labor-union-still-ongoing/ | 2022-05-02T23:18:16Z |
Biden restores celebration of Eid al-Fitr at White House
WASHINGTON (AP) — President Joe Biden celebrated Eid al-Fitr on Monday, restoring celebrations of the Muslim holiday marking the end of Ramadan at the White House after his predecessor scrapped them.
Muslims around the world typically abstain from food and drink from sunrise to sunset during Ramadan. Its end often means gathering for prayers, visiting family and friends and holding festive meals.
Addressing hundreds of attendees in the East Room, Biden said he’d promised as a presidential candidate to bring back marking Eid al-Fitr at the White House — but was forced to hold a virtual celebration last year because of the coronavirus pandemic.
“Today, around the world, we’ve seen so many Muslims that have been targeted by violence. No one, no one should discriminate against or be oppressed, or be repressed, for their religious beliefs,” Biden said. “We have to acknowledge that an awful lot of work remains to be done, abroad and here at home. Muslims make our nation stronger every single day, even as they still face real challenges and threats in our society, including targeted violence and Islamophobia.”
Presidents have held Eid al-Fitr celebrations since the Clinton administration, until Donald Trump, who didn’t hold formal events. He instead released statements marking the holiday, including one in 2020 when Trump said of Muslims “we hope they find both comfort and strength in the healing powers of prayer and devotion.”
Biden said Monday that he’d recently nominated the first Muslim woman to the federal bench as part of a commitment to build an administration that values diversity and “looks like America.” He also jokingly compared fasting for Ramadan to his Catholic faith, which he said mandates that he make major sacrifices for Lent including having to “go 40 days” with “no sweets and no ice cream.”
Talib Shareef, Imam of Masjid Muhammad in Washington, known to some as “The Nation’s Mosque,” said of the White House gathering, “Being hosted here is an important statement for our nation and for the world.”
“A statement that Islam is a welcome part of our nation together with all the other faith traditions,” Shareef said. “And that the highest office in this land is committed to our nation’s foundational values and laws protecting religious freedom.”
Also addressing the event was first lady Jill Biden, who drew applause by saying that the holiday embodies above all “a joy born from love. Love for our families and for our communities, and for THIS community.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.whsv.com/2022/05/02/biden-restores-celebration-eid-al-fitr-white-house/ | 2022-05-02T23:56:42Z |
Bidens to host 2020, 2022 US Olympic Teams at White House
WASHINGTON (AP) — President Joe Biden plans to host the 2020 and 2022 U.S. Olympic Teams at the White House on Wednesday, celebrating athletes from the most recent winter Games while staging a much delayed, in-person celebration for participants of last summer’s Tokyo Olympics.
The president and first lady Jill Biden will host Olympians from the Tokyo 2020 Summer Olympic and Paralympic Games and Beijing 2022 Winter Olympic and Paralympic Games, on the South Lawn, the White House announced Monday. Vice President Kamala Harris and Doug Emhoff, the second gentleman, will also attend.
Jill Biden made her first solo overseas trip as first lady by traveling to Japan to attend the 2020 Olympics, which were delayed until last year because of the pandemic — though access remained restricted because of the coronavirus.
Last summer, the Bidens hosted a virtual celebration for Team USA from 2020′s Tokyo Olympics from their home in Delaware. The president said then that he’d like to host the team at the White House in the future.
Copyright 2022 The Associated Press. All rights reserved. | https://www.whsv.com/2022/05/02/bidens-host-2020-us-olympic-team-white-house/ | 2022-05-02T23:56:48Z |
JMU MRD director remembers ‘legend’ Bill Posey
HARRISONBURG, Va. (WHSV) - JMU’s Marching Royal Dukes are mourning the loss of a longtime staple in the program. Bill Posey passed away over the weekend. Posey was part of the MRDs from the late 1970s until his retirement a few years ago.
“Bill was a jack of all trades. He was an incredibly talented musician, an incredibly talented teacher, and incredibly selfless. He was a servant leader he wanted to serve the students, he wanted to serve the campus community in any way possible,” said Scott Rikkers, director of the Marching Royal Dukes.
Posey came to JMU as a student in the late 70s and was a drum major in the MRDs, and after his graduation he was hired on as a staff member.
Over a span of several decades, Posey served in a variety of roles including assistant band director, marching coordinator, music professor, director of concert and support services, and PA announcer.
“He really was here almost the entire longevity of our program so far his presence became more of a tradition. Bill Posey became a tradition here,” said Rikkers.
Posey was a man of many talents. In addition to his work with the MRDs, he was a performing member of the Valley Wind Ensemble and conductor of the Harrisonburg-Rockingham Concert Band. He also participated in Civil War reenactments in his free time.
“Bill was intense, but he was intense because he loved what he did and he was proud of this program and he had high expectations. But while he was intense he was also a lot of fun, he had a great sense of humor,” said Rikkers.
Over the years, Posey became like a father figure to generations of students in the marching band.
“He cared about every one of those students like they were his own and I think they all respected him as a really dedicated teacher and just an all-around wonderful human being,” said Rikkers.
Posey played a big role in building the MRDs into the nationally renowned program they are today and his legacy lives on in the program. Even though Posey retired before most of the current MRDs started at JMU, they still feel his impact.
“The members that didn’t get a chance to meet him still know that there was something special about Bill Posey and they’re aware that they’re continuing on with his legacy,” said Rikkers.
Rikkers worked with Posey for over a decade and said that Posey made a huge impact on him.
“I’m not here necessarily to just create a product, I’m here to create good people and I am dedicated to serving the program, the students, the university because Bill set that example. And I think that’s also what makes this program so special,” he said.
Copyright 2022 WHSV. All rights reserved. | https://www.whsv.com/2022/05/02/jmu-mrd-director-remembers-legend-bill-posey/ | 2022-05-02T23:56:55Z |
Recognizing Drinking Water Week: May 1-7
STAUNTON, Va. (WHSV) - This week is Drinking Water Week, and local services are helping people understand what they do.
The Augusta County Service Authority said they are a 24/7 operation and are always on-call in case something goes wrong. Not only do they supply clean drinking water, but they treat it to even higher standards than what is required.
“We’re regulated by EPA, VDH, DEQ, the whole alphabet soup. We have our own personal standards. As long as we’re meeting our standards, we’re going to meet all the regulatory requirements there are,” said Tim Castillo, Director of Treatment Operations.
That’s because filtered and healthy drinking water is crucial to health.
“This industry was the first public health business. Typhoid Mary back in London was poor public water. Our team makes sure those things don’t happen,” said Castillo.
It’s a team effort, and they all understand the importance of their job.
“The major health benefits, which has been going on more than 100 years, people started living longer when public water became available throughout the country,” said Patrick J. Conroy, Treatment Operations Superintendent for Augusta County.
Day-to-day, water treatment operators go around to various plants and record numbers, sample water and supervise the plant. One of those operators is Seth Lapp.
“Because it’s such an important job, you just have to be careful with what you’re doing,” said Lapp.
On top of that, in a large area like Augusta County, things can get confusing.
“Not all systems are intertwined. The Stuarts Draft area is intertwined, but a lot of the systems we go to are just out and about, so we drive over 100 miles each day to each system,” said Lapp.
They all agree that clean drinking water is something many people take for granted, and they want people to understand the work that goes into the process.
Copyright 2022 WHSV. All rights reserved. | https://www.whsv.com/2022/05/02/recognizing-drinking-water-week-may-1-7/ | 2022-05-02T23:57:01Z |
Toddler left with bruises and bite marks after attack at daycare facility
ALBANY, Ga. (WALB/Gray News) - An Albany parent is contemplating taking legal action after her child left an area daycare with bruises and bite marks.
WALB’s Kiera Hood spoke with the mother, April Robinson, and her family. A police report said Robinson’s toddler, Gabriella, was attacked at Wee Are the World Child Development Center on Moultrie Road on April 28.
According to the Albany police report, a daycare worker says a 5-year-old boy held 1-year-old Gabriella Richardson down, bit, and scratched her several times on her face and body inside this facility.
“Her face looked like a rottweiler had attacked her,” said Lasasha Robinson, the 1-year-old’s aunt.
You can see the marks from the attack that sent baby Gabriella to the hospital.
According to the report, a daycare worker says she was changing another child’s diaper when she heard Gabriella scream and then saw the boy attacking her.
“You can’t tell me that this happened within seconds this was going on and nobody was around,” Lasasha said.
“It did seem like it went on for several minutes and I just hate that,” said Alexis Robinson, the 1-year-old’s aunt.
Her mom and aunts are questioning how this could have happened in such a short amount of time, or with an adult in the room.
“I was like let me see her, what happened, let me see and when I saw her face I just, I immediately asked, I was cursing. I was like what happened?” Jasmine Robinson, the 1-year-old’s aunt said.
Richardson’s mom, April, says she never wanted to put her daughter in child care but has to as a single mother. She says she is traumatized.
“Once I got there on the scene. I couldn’t grab her. I couldn’t even grab to say ‘you know mama here, I got you’ or anything because she doesn’t even look the same,” said April.
Robinson says she is not sure if she will be moving forward with legal action. The daycare center and police say there are no cameras inside the facility.
Statement from Wee Are the World Child Development Center
Robinson says she is not sure if she will be moving forward with legal action. The daycare center and police say there are no cameras inside the facility.
Copyright 2022 WALB via Gray Media Group, Inc. All rights reserved. | https://www.whsv.com/2022/05/02/toddler-left-with-bruises-bite-marks-after-attack-daycare-facility/ | 2022-05-02T23:57:07Z |
BOTHELL, Wash., May 2, 2022 /PRNewswire/ -- BioLife Solutions, Inc. (NASDAQ: BLFS), a leading supplier of class-defining bioproduction tools and services for the cell and gene therapies ("CGT") and broader biopharma markets, today announced the Company's first quarter 2022 financial results will be released after market close on Monday, May 9th. The Company will host a conference call and live webcast at 4:30pm ET (1:30pm PT) that day. Management will provide an overview of the Company's financial results and a general business update.
To access the webcast, log onto the Investor Relations page of the BioLife Solutions website at https://www.biolifesolutions.com/earnings. In addition, the conference call will be accessible by dialing toll-free (877) 270-2148 for domestic callers and (412) 902-6510 for international callers. No passcode is required for the live call. A webcast replay will be available approximately two hours after the call and will be archived on https://www.biolifesolutions.com/ for 90 days.
BioLife Solutions is a leading supplier of class-defining bioproduction tools and services for the cell and gene therapy and broader biopharma markets. Our tools portfolio includes our proprietary CryoStor® and HypoThermosol® biopreservation media for shipping and storage, the ThawSTAR® family of automated, water-free thawing products, evo® cold chain management system, high capacity cryogenic storage freezers, Stirling Ultracold mechanical freezers, SciSafe biologic storage services, and Sexton Biotechnologies cell processing tools. For more information, please visit www.biolifesolutions.com, www.scisafe.com, www.stirlingultracold.com, or www.sextonbio.com and follow BioLife on Twitter.
At the Company
Troy Wichterman
Chief Financial Officer
(425) 402-1400
twichterman@biolifesolutions.com
Investors
LHA Investor Relations
Jody Cain
(310) 691-7100
jcain@lhai.com
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SOURCE BioLife Solutions, Inc. | https://www.whsv.com/prnewswire/2022/05/02/biolife-solutions-report-first-quarter-2022-financial-results-provide-business-update-may-9-2022/ | 2022-05-02T23:57:13Z |
DALLAS, May 2, 2022 /PRNewswire/ - Cresco Capital Partners II, LLC ("Cresco") today announced that it has filed an early warning report under National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues for the purpose of reporting the acquisition of 14,960,957 subordinate voting shares (the "Shares") of Harborside Inc. ("Harborside") in connection with an agreement dated April 29, 2022 among Harborside UL Holdings Inc. ("Urbn Leaf") and SUB CCP URBN, LLC whereby Harborside repaid certain outstanding promissory notes by: (i) a cash payment in the amount of US$358,541.10; and (ii) the issuance of US$5.87 million worth of Shares at a price of $0.45 per Share (the "Note Repayment").
Completion of the Note Repayment resulted in the issuance of 14,960,957 Shares to Cresco, representing an increase in Cresco's interest in the Shares of approximately 5.5% on a partially diluted basis. Collectively, the interest of Cresco, CCP Flrish Inc. ("CCPF"), Cresco Capital Partners, LLC ("CCP"), Matthew Hawkins ("Hawkins") and Andrew Sturner ("Sturner" and together with CCPF, CCP and Hawkins, each a "joint actor" (as such term is defined in National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues) of Cresco, and together with Cresco, the "Cresco Parties") in the Shares as a result of the Note Repayment increased by approximately 5.9% on a partially diluted basis.
Immediately prior to the Note Repayment, assuming that Cresco is only entitled to 2,057,025 Shares pursuant to the acquisition of Sublimation Inc. ("Sublime") by Harborside and is entitled to 2,111,167 Shares pursuant to the acquisition of Urbn Leaf by Harborside, (i) Cresco beneficially owned, and exercised control or direction over (A) 8,415,830 Shares and (B) warrants (the "Warrants") exercisable to acquire an aggregate of 3,550,000 Shares, representing approximately 3.6% of the issued and outstanding Shares on a non-diluted basis and approximately 5.0% of issued and outstanding Shares on a partially-diluted basis, assuming the exercise of the Warrants held by Cresco; (ii) CCPF beneficially owned, and exercised control or direction over 385,542 Shares, representing approximately 0.2% of the issued and outstanding Shares on a non-diluted basis; (iii) CCP beneficially owned, and exercised control or direction over 96,385 Shares, representing approximately 0.1% of the issued and outstanding Shares on a non-diluted basis; (iv) Hawkins beneficially owned, and exercised control or direction over options (the "Options") exercisable into an aggregate of 333,350 Shares and restricted share units (the "RSUs") convertible into an aggregate of 450,000 Shares, representing approximately 0.3% of issued and outstanding Shares on a partially-diluted basis, assuming the exercise of the Options and RSUs held by Hawkins; and (v) Sturner beneficially owned, and exercised control or direction over (A) 125,100 Shares; and (B) Options exercisable into an aggregate of 180,000 Shares, representing approximately 0.1% of the issued and outstanding Shares on a non-diluted basis and approximately 0.1% of issued and outstanding Shares on a partially-diluted basis, assuming the exercise of the Options held by Sturner.
Collectively, assuming that Cresco is only entitled to 2,057,025 Shares pursuant to the acquisition of Sublime by Harborside and is entitled to 2,111,167 Shares pursuant to the acquisition of Urbn Leaf by Harborside, immediately prior to the completion of the Note Repayment, the Cresco Parties owned or exercised control or direction over an aggregate of (i) 9,022,857 Shares; (ii) Warrants exercisable to acquire an aggregate of 3,550,000 Shares; (iii) Options exercisable into an aggregate of 513,350 Shares; and (iv) RSUs convertible into an aggregate of 450,000 Shares, representing approximately 3.8% of the issued and outstanding Shares on a non-diluted basis and approximately 5.6% of issued and outstanding Shares on a partially-diluted basis, assuming the exercise of the Warrants, Options and RSUs held by the Cresco Parties.
Following the completion of the Note Repayment, assuming that Cresco is only entitled to 2,057,025 Shares pursuant to the acquisition of Sublime by Harborside and is entitled to 2,111,167 Shares pursuant to the acquisition of Urbn Leaf by Harborside , (i) Cresco beneficially owns, and exercises control or direction over (A) 23,376,787 Shares and (B) Warrants exercisable to acquire an aggregate of 3,550,000 Shares, representing approximately 9.3% of the issued and outstanding Shares on a non-diluted basis and approximately 10.5% of issued and outstanding Shares on a partially-diluted basis, assuming the exercise of the Warrants held by Cresco; (ii) CCPF beneficially owns, and exercises control or direction over 385,542 Shares, representing approximately 0.2% of the issued and outstanding Shares on a non-diluted basis; (iii) CCP beneficially owns, and exercises control or direction over 96,385 Shares, representing approximately 0.1% of the issued and outstanding Shares on a non-diluted basis; (iv) Hawkins beneficially owns, and exercises control or direction over Options exercisable into an aggregate of 333,350 Shares and RSUs convertible into an aggregate of 450,000 Shares, representing approximately 0.3% of issued and outstanding Shares on a partially-diluted basis, assuming the exercise of the Options and RSUs held by Hawkins; and (v) Sturner beneficially owns, and exercises control or direction over (A) 125,100 Shares; and (B) Options exercisable into an aggregate of 180,000 Shares, representing approximately 0.1% of the issued and outstanding Shares on a non-diluted basis and approximately 0.1% of issued and outstanding Shares on a partially-diluted basis, assuming the exercise of the Options held by Sturner
Collectively, assuming that Cresco is only entitled to 2,057,025 Shares pursuant to the acquisition of Sublime by Harborside and is entitled to 2,111,167 Shares pursuant to the acquisition of Urbn Leaf by Harborside, immediately following the completion of the Note Repayment, the Cresco Parties own or exercise control or direction over an aggregate of (i) 23,983,814 Shares; (ii) Warrants exercisable to acquire an aggregate of 3,550,000 Shares; (iii) Options exercisable into an aggregate of 513,350 Shares; and (iv) RSUs convertible into an aggregate of 450,000 Shares, representing approximately 9.5% of the issued and outstanding Shares on a non-diluted basis and approximately 11.8% of issued and outstanding Shares on a partially-diluted basis, assuming the exercise of the Warrants, Options and RSUs held by the Cresco Parties.
While Cresco currently has no immediate plans or intentions with respect to the securities of Harborside, depending on regulatory changes, market conditions, general economic and industry conditions, trading prices, Harborside's business, financial conditions and prospects and/or other relevant factors, Cresco may develop such plans or intentions in the future and, at such time, may from time to time acquire additional securities of Harborside.
A copy of the early warning report filed by Cresco with respect to the Shares will be available under Harborside's profile on SEDAR at www.sedar.com or by contacting Cresco at (254) 266-6322. Harborside's head office is located at 2100 Embarcadero, Suite 202, Oakland, California, 94606. Cresco's head office is located at 2801 Woodside Street, Dallas, Texas, 75204.
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SOURCE Cresco | https://www.whsv.com/prnewswire/2022/05/02/cresco-capital-partners-ii-llc-announces-filing-early-warning-report-regarding-harborside-inc/ | 2022-05-02T23:57:20Z |
- Hyundai Motor expanded its NFT community at the fastest pace ever as 100,000 Discord members gathered in a week, selling out every 'Hyundai x Meta Kongz' NFT
- Hyundai Motor to issue 10,000 Ethereum-based Metamobility NFTs on its official website on May 9-10
- Launch to apply the 'Reveal' method by showing a placeholder image first, then revealing the actual 'Shooting Star' NFT images later
- Starting with the 'Shooting Star' NFTs sale, Hyundai Motor to create a NFT project within its 'Metamobility universe'
SEOUL, South Korea, May 2, 2022 /PRNewswire/ -- Hyundai Motor Company will offer its first exclusive Metamobility Non-Fungible Token (NFT) collection, 'Shooting Star,' through its official NFT website, on May 9-10.
The 'Shooting Star' collection builds on the momentum created on April 18 when Hyundai Motor announced that it would become the first automaker to build a global NFT community.
For its NFT community, Hyundai Motor launched dedicated channels on Discord and Twitter as well as an official website that launched on May 2 to form an online community.
On May 9-10, Hyundai Motor will sell 10,000 official Ethereum-based 'Shooting Star' NFTs on its official NFT website. Pre-sale for whitelist buyers who won the NFT community event hosted by Hyundai Motor will be on May 9, followed by a general sale on May 10.
The sale of an NFT in the form of a shooting star will be followed by the latest film of 'Hyundai x Meta Kongz,' which ends with 'Kongz' finding a shooting star stuck in a Hyundai Pony windshield wiper.
Hyundai Motor's Metamobility NFT applies the 'Reveal' method, showing a placeholder image first, and then revealing the actual individual NFT images later. In other words, the 10,000 placeholder 'Shooting Star' NFTs will turn into unique Metamobility NFTs in various shapes in late May.
"Starting with our 'Shooting Star' NFTs, we are expanding the Hyundai brand experience into the 'Metamobility universe,' creating unique opportunities for our NFT community members to join in the fun," said Thomas Schemera, Hyundai Motor's Global Chief Marketing Officer and Head of Customer Experience Division. "We plan to launch more unique NFTs based on the 'Metamobility universe' concept and introduce more member benefits to expand the community going forward. We welcome everyone to be part of our experimental journey."
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SOURCE Hyundai Motor Group | https://www.whsv.com/prnewswire/2022/05/02/hyundai-motor-launches-first-exclusive-metamobility-nft-collection-shooting-star/ | 2022-05-02T23:57:26Z |
Positioned for Market Recovery Maintained Market Share
HONG KONG, May 2, 2022 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three months ended March 31, 2022 (the "Period").
- Macau and Greater China continued to be under the severe impact of the COVID-19 pandemic in 2022. We saw demand pick up during the Chinese New Year (CNY). Visitation to Macau increased 26% year-on-year during the six-day holiday period. MGM saw growth of rated mass player count and table volume across both properties while hotel occupancy reached 93% for MGM MACAU and 72% for MGM COTAI.
- However, with the widening pandemic outbreaks in mainland China during the quarter, many Chinese provinces have imposed lockdown measures as well as enhanced travel and border controls. Macau had also tightened requirements for inbound travelers. These all resulted in a decline of Macau's gross gaming revenue (GGR).
- First-quarter market-wide GGR was down by 25% year-over-year to MOP17.8 billion. Daily GGR was at 25% of 2019 fourth-quarter pre-pandemic level.
- MGM China saw first-quarter daily GGR at 35% of 19Q4 level, outperforming the market with our meticulous focus on service and product coupled with our strength in the premium segment. In the same period, we grew our market share to 13.3% compared to 11.5% a year ago.
- For the Period, MGM China recorded total revenue of approximately HK$2.1 billion (21Q1: HK$2.3 billion). It had an adjusted EBITDA of approximately $46 million (21Q1: HK$84 million).
- MGM MACAU recorded revenue of HK$1.2 billion (21Q1: HK$1.3 billion) and an adjusted EBTIDA of HK$153 million (21Q1: HK$170 million). It is by far the best performing mass gaming property on the Peninsula, boasting the highest mass table win since May 2021. Hotel occupancy was at 73% for the Period.
- MGM COTAI recorded revenue of HK$914 million (21Q1: HK$981 million) and a negative adjusted EBITDA of HK$108 million (21Q1: -HK$86 million). Hotel occupancy was 39% for the Period.
- The Group maintained a healthy financial position. As of March 31, 2022, the Group had total liquidity of approximately HK$12 billion, comprised of cash and cash equivalents and undrawn revolver.
On March 3, the Macau Government announced their intention to extend the term of Macau's six concession and sub-concession contracts for six months until December 31, 2022 and invited the concessionaires and sub-concessionaires to submit a formal request for the extension. On March 11, MGM submitted its request for the extension along with a commitment to pay the premium to the Macau Government.
Kenneth Feng, President, Strategic & Chief Financial Officer of MGM China said: "We will continue to work with the government on retendering as Macau is an important part of our future. We look forward to further promoting the long-term development of Macau's gaming industry and supporting the government's tourism and diversification goals for the region."
The Group will maintain focus on understanding and addressing the needs of our customers. "We strive for ongoing improvements over our gaming floors, product offering and services. We believe that once demand returns, we are well-positioned for growth, particularly in our premium mass and mass segments," said Kenneth Feng.
About MGM China Holdings Limited
MGM China Holdings Limited (HKEx: 2282) is a leading developer, owner and operator of gaming and lodging resorts in the Greater China region. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions/sub-concessions to run casino games in Macau. MGM Grand Paradise, SA owns and operates MGM MACAU, the award-winning premium integrated resort located on the Macau Peninsula and MGM COTAI, a contemporary luxury integrated resort in Cotai, which opened in early 2018 and more than doubles our presence in Macau.
MGM China is majority owned by MGM Resorts International (NYSE: MGM) one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.
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SOURCE MGM China | https://www.whsv.com/prnewswire/2022/05/02/mgm-china-reports-2022-first-quarter-financial-data/ | 2022-05-02T23:57:33Z |
"Roadtrip Nation: Skill Shift" premieres on public television, follows four people eager to explore skilled jobs, level up their own capabilities, and take on the future of work
COSTA MESA, Calif., May 2, 2022 /PRNewswire/ -- Nonprofit career exploration company Roadtrip Nation is excited to start off the month of May with their new documentary, "Skill Shift." Presented by KQED, "Skill Shift" is now airing nationally on public television stations and is available to watch online at rtn.is/skill-shift.
Fueled by Jobs for the Future (JFF) and Strada Education Network—with support from Snap-on Makers and Fixers—"Skill Shift" explores how people are finding the education, training, and opportunities they need to succeed in the future of work. The film follows Christine, Erin, Ian, and Rasheed as they look ahead to their own futures. Alongside their journey, "Skill Shift" features snapshots of skill-focused careers in a broad range of industries, to highlight all the ways that building future-focused skills can lead to a fulfilling career path no matter who you are, what your goals might be, and where you're at in life.
Christine is a California wildland firefighter looking to find a new green job that proactively heals the earth and prevents the sorts of climatic catastrophes she deals with day in and day out. Erin is fascinated by hands-on careers of all varieties—from welding to photography to animal conservation—and she's eager to settle on a specific path forward. Ian knows that his passion is helping students connect with fulfilling career paths—but right now, he's trying to find the best path forward for him. Rasheed knows that tech has the power to drive change well into the future, but he's still wondering how he can use his distinct IT skills to find a career he really cares about.
"'Skill Shift' is a film that gets right to the core of Roadtrip Nation's mission," said Mike Marriner, president and co-founder of Roadtrip Nation. "We want to equip people to find their footing in an uncertain future without losing their individuality and what makes them tick. Everyone deserves the tools and training to find a secure, innovative, and engaging career, and we're proud to have Jobs for the Future and Strada Education Network fueling this initiative, alongside additional support from Snap-on Makers and Fixers."
Throughout their journey, Christine, Erin, Ian, and Rasheed cross paths with people like Kyle Tripp, an apprentice at Ironworkers Local 25, and Steven Jeanty, the head grower at AeroFarms, a vertical farming company. Interspersed with these interviews are features on future-focused professionals like Andrea Crawford, a wind turbine technician at DTE Energy, and Steve Seon, a CNC machinist at Keats Manufacturing Co. Through these stories, the four roadtrippers discover that the unpredictability of the future is also an opportunity; it empowers them to define that future, and themselves, however they choose.
"While there are many pathways people can take to find employment, discovering how to align one's strengths and interests to skills that are in demand in the labor market is key to helping individuals find their purpose in work and flourish in their careers," said Maria Flynn, president and CEO for Jobs for the Future (JFF). "At JFF, we're proud to support Roadtrip Nation in its mission to provide learners with the resources, support, and experiences needed to navigate their education and career journeys."
"There are many paths to success after high school, and they can all look very different," said Stephen Moret, president of Strada Education Network. "'Skill Shift' provides a real-life look at the need not just to enable learners to explore career fields and find their path, but also with the tools and support they need to pursue that path and find success. We are proud to support Roadtrip Nation so inspiring documentaries like this can make others feel empowered to pursue work that they find meaningful."
To learn more about "Skill Shift," visit rtn.is/skill-shift.
You can also learn more about the series by following @RoadtripNation, @jfftweets, and @stradaeducation, on Twitter.
Roadtrip Nation humanizes career exploration through story and empowers individuals to connect their interests to fulfilling lives and careers. Through its award-winning public television series, New York Times bestselling book "Roadmap," and educational programs and tools that provide visibility and insights into career possibilities and pathways, Roadtrip Nation gives people from all backgrounds confidence and belief in their ability to persist through challenges and define success for themselves. Roadtrip Nation, a part of Strada Collaborative, has been showcased at the United Nations Social Innovation Summit, Clinton Global Initiative, NBC Education Nation, TEDx, Talks at Google, SXSW, and the Harvard Social Enterprise Forum. For more information, visit roadtripnation.com.
Jobs for the Future (JFF) drives transformation of the American workforce and education systems to achieve equitable economic advancement for all. www.jff.org
It's not just a job. It's a purpose. Makers and Fixers keep the world moving and Snap-on is shining a spotlight on them—in the factories that advance us, the skies that transport us, the shops that repair us, and the roads and rails that deliver us. Learn more, share your story, or nominate a Maker and Fixer in your life at makersandfixers.com.
Strada Education Network is a nonprofit dedicated to helping people take advantage of education and training after high school that helps them secure a good job, do meaningful work, contribute to their communities, and lead a fulfilling life. We believe education and training after high school have the potential to be the most powerful and equitable ways to help all people thrive in their careers and lives. To help students succeed beyond completion of a certificate or degree, we conduct research, make charitable grants and social impact investments, and support Strada Collaborative, which directly serves students and workers. Learn more at stradaeducation.org.
KQED serves the people of Northern California with a public-supported alternative to commercial media. An NPR and PBS affiliate based in San Francisco, KQED is home to one of the most listened-to public radio stations in the nation, one of the highest-rated public television services and an award-winning education program helping students and educators thrive in 21st-century classrooms. A trusted news source and leader and innovator in interactive technology, KQED takes people of all ages on journeys of exploration — exposing them to new people, places and ideas. www.kqed.org
American Public Television (APT) is the leading syndicator of high-quality, top-rated programming to the nation's public television stations. For more than 10 years, APT has annually distributed one-third or more of the top 100 highest-rated public television titles in the U.S. Founded in 1961, among its 250 new program titles per year, APT programs include prominent documentaries, performance, news and current affairs programs, dramas, how-to programs, children's series and classic movies. "America's Test Kitchen From Cook's Illustrated," "Cook's Country," "AfroPoP," "Rick Steves' Europe," "Chris Kimball's Milk Street Television," "Front and Center," "Doc Martin," "Nightly Business Report," "Midsomer Murders," "A Place to Call Home," "Lidia's Kitchen," "Globe Trekker," "New Orleans Cooking with Kevin Belton," "Simply Ming," and "P. Allen Smith's Garden Home" are a sampling of APT's programs, considered some of the most popular on public television APT licenses programs internationally through its APT Worldwide service. Entering its 13th year, Create®TV — featuring the best of public television's lifestyle programming — is distributed by American Public Television. APT also distributes WORLDTM, public television's premier news, science and documentary channel. To find out more about APT's programs and services, visit APTonline.org.
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- Noble Gerry de Souza commenced operations in Suriname upgraded with MPD system and a second BOP
- Backlog increased by approximately $700 million to $1.9 billion as of April 1, 2022
- 2022 Adjusted EBITDA guidance increased
- Maersk Drilling combination expected to close mid-2022, subject to UK antitrust clearance
SUGAR LAND, Texas, May 2, 2022 /PRNewswire/ -- Noble Corporation (NYSE: NE, "Noble", or the "Company") today reported first quarter 2022 results.
Robert W. Eifler, President and Chief Executive Officer of Noble Corporation, stated "Our strong operational performance, highlighted by the successful commencement of operations for the Noble Gerry de Souza in Suriname, coupled with significant contracting success across the fleet, sets the stage for an exciting year for Noble. The combination of our performance in the first quarter and continued improvements across all markets has increased our financial expectations for 2022. I would like to thank the entire Noble organization for their continued hard work and their commitment to operating safely every day."
First Quarter Results
Contract drilling services revenue for the first quarter of 2022 totaled $195 million compared to $192 million in the fourth quarter of 2021. Marketed fleet utilization was 75 percent in the three months ended March 31, 2022 compared to 77 percent in the fourth quarter of 2021. Contract drilling services costs for the first quarter were $166 million, down from $183 million in the fourth quarter of 2021.
Adjusted EBITDA for the three months ended March 31, 2022 was $27 million compared to $12 million in the fourth quarter of 2021. Capital expenditures totaled $45 million in the first quarter, which includes $11 million of client reimbursable investments.
Upon emergence from restructuring, Noble adopted fresh-start accounting which resulted in Noble becoming a new reporting entity for accounting and financial reporting purposes. Accordingly, financial statements and notes after February 5, 2021 are not comparable to financial statements and notes prior to that date. As required by GAAP, results must be presented separately for the predecessor period up to February 5, 2021 (the "Predecessor" period) and the successor period from February 6, 2021 through all dates after (the "Successor" period).
Operating Highlights
In the first quarter, the Noble Regina Allen was awarded a contract for six wells in Trinidad and Tobago. The work is expected to commence shortly after the conclusion of the rig's contract with Repsol in Guyana. In the U.K. North Sea, the Noble Sam Hartley was contracted by TotalEnergies for one firm well with an anticipated start in the third quarter of 2022. The contract also includes two one-well options. Noble also received a binding Letter of Award ("LOA") from Qatargas for the Noble Houston Colbert and Noble Mick O'Brien. The LOA is for 3.5 years of firm work per rig. The Noble Mick O'Brien contract will be in direct continuation with Qatargas and the Noble Houston Colbert is preparing to mobilize out of the UK North Sea this summer and begin operations in the third quarter of 2022. The associated revenue will be included in our backlog once the contracts have been executed.
The Noble Gerry de Souza, upgraded with an MPD system and second BOP, safely mobilized to Suriname and began its contract with APA Corp near the end of the first quarter. APA Corp has two one-well options for the rig. The Noble Globetrotter I is expected to conclude its 10-year contract with Shell in the third quarter and demobilize for an out-of-service period. Shortly after its shipyard stay, the Noble Globetrotter I is expected to mobilize to Mexico for a one-well contract with CNOOC and a two well program with Petronas. On April 1st, 2022, the four drillships operating under the Commercial Enabling Agreement ("CEA") were awarded 7.4 years of incremental term in connection with the sanctioning of the Yellowtail development in Guyana. Each rig is now contracted to the fourth quarter of 2025. Additionally, the Noble Clyde Boudreaux, a moored semisubmersible, was divested in the first quarter.
Backlog and Balance Sheet Highlights
As of April 1, 2022, Noble's estimated revenue backlog is approximately $1.9 billion. This includes the 7.4 rig year award under the CEA but does not include the 7 years of firm term associated with the LOA from Qatargas.
As of March 31, 2022, the Company had total liquidity of $767 million, including cash and cash equivalents of $105 million, and availability under its revolving credit facility of $662 million. The Company experienced an increase in accounts receivable in the first quarter above the expected level, but this is anticipated to normalize over the coming quarters.
Maersk Drilling Business Combination Update
On April 29, 2022, Noble provided an update on the merger control process for obtaining clearance in the UK for the previously announced business combination with Maersk Drilling. The process remains ongoing following the UK Competition and Markets Authority's ("UK CMA") Phase 1 decision on April 22, 2022 pursuant to which the UK CMA stated that the transaction gives rise to a realistic prospect of a substantial lessening of competition and that a remedy to address such effect would be required to avoid a reference to a Phase 2 review. As a result, Noble and possibly Maersk Drilling plan to offer to divest certain jackup rigs currently located in the North Sea (the "Remedy Rigs") to seek to obtain conditional antitrust clearance from the UK CMA in Phase 1 of the merger control process. The Remedy Rigs will comprise the Noble Hans Deul, Noble Sam Hartley, Noble Sam Turner, Noble Houston Colbert, and either the Maersk Innovator or the Noble Lloyd Noble, both of which are a CJ-70 design. Noble expects there to be clarity on which of the CJ-70 rigs will be included in the Remedy Rigs in the coming weeks. On this basis, Noble is examining different options to divest the Remedy Rigs. The duration and outcome of the UK CMA review process remains uncertain. If Noble is able to obtain a conditional Phase 1 antitrust clearance from the UK CMA, the closing of the business combination is expected to occur in mid-2022.
Outlook
The Company's full-year 2022 guidance range for Adjusted Revenue and Adjusted EBITDA increased to $1,130 to $1,180 million and $320 to $350 million, respectively. This increase, which is primarily driven by improved drillship activity and dayrates, is partially offset for Adjusted EBITDA by inflationary pressures. Full-year 2022 capital expenditure guidance range, net of client reimbursables, increased by $15 million to $145 to $160 million. This increase is primarily driven by contract preparation investments required by recent commercial awards for the Noble Globetrotter I and the Noble Houston Colbert. Further details may be found in the guidance table included at the back of this press release.
Commenting on Noble's outlook for 2022, Mr. Eifler stated, "We are encouraged by the steadily improving fundamentals in the offshore drilling market and expect to continue to see positive dayrate momentum. We anticipate realizing a meaningful improvement in financial results in the second quarter and have visibility to exiting the year at an Adjusted EBITDA run-rate of $125 million per quarter. As we look forward to the closing of the combination with Maersk Drilling, we remain focused on operating safely, serving the needs of our customers, and creating long-term value for our shareholders."
Fleet Status Report
In conjunction with first quarter results, the Company has also provided an updated "Fleet Status Report" which reflects the current status and contract information for each of its rigs. The updated report can be found under the "Our Fleet" section of the Company's website.
Conference Call
Noble will host a conference call related to its first quarter 2022 results on Tuesday, May 3, 2022, at 7:30 a.m. U.S. Central Time. Interested parties may dial +1 929-203-0901 and refer to conference ID 31391 approximately 15 minutes prior to the scheduled start time. Alternatively, a live webcast link will be available on the Investor Relations section of the Company's website. A webcast replay will be accessible for a limited time following the scheduled call.
For additional information, visit www.noblecorp.com or email investors@noblecorp.com
About Noble Corporation
Noble is a leading offshore drilling contractor for the oil and gas industry. The Company owns and operates one of the most modern, versatile, and technically advanced fleets in the offshore drilling industry. Noble and its predecessors have been engaged in the contract drilling of oil and gas wells since 1921. Currently, Noble performs, through its subsidiaries, contract drilling services with a fleet of 19 offshore drilling units, consisting of 11 drillships and 8 jackups, focused largely on ultra-deepwater and high-specification jackup drilling opportunities in both established and emerging regions worldwide.
Additional Information and Where to Find It
In connection with the proposed transactions (the "Business Combination") contemplated by the Business Combination Agreement, dated as of November 10, 2021, by and among Noble, Noble Finco Limited ("Topco"), Noble Newco Sub Limited and The Drilling Company of 1972 A/S ("Maersk Drilling"), Topco has filed a Registration Statement on Form S-4 (which Registration Statement was declared effective on April 11, 2022) with the U.S. Securities and Exchange Commission (the "SEC") that includes a proxy statement of Noble that also constitutes a prospectus for Topco and an offering prospectus of Topco to be used in connection with Topco's offer to exchange shares in Maersk Drilling for Topco shares. Noble mailed the proxy statement/prospectus to its shareholders in connection with the vote to approve the merger of Noble with a wholly-owned subsidiary of Topco, and Topco will distribute the offering prospectus in connection with the exchange offer. Should Maersk Drilling and Noble proceed with the proposed Business Combination, Maersk Drilling and Noble also expect that Topco will file an offer document with the Danish Financial Supervisory Authority (Finanstilsynet). This communication does not contain all the information that should be considered concerning the proposed Business Combination and is not intended to form the basis of any investment decision or any other decision in respect of the proposed Business Combination. INVESTORS AND SHAREHOLDERS ARE URGED TO CAREFULLY READ THE PROXY STATEMENT/PROSPECTUS AND THE OFFERING DOCUMENT RELATING TO THE PROPOSED BUSINESS COMBINATION IN ITS ENTIRETY AND ANY OTHER DOCUMENTS FILED BY EACH OF TOPCO AND NOBLE WITH THE SEC IN CONNECTION WITH THE BUSINESS COMBINATION OR INCORPORATED BY REFERENCE THEREIN BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT TOPCO, MAERSK DRILLING AND NOBLE, THE PROPOSED BUSINESS COMBINATION AND RELATED MATTERS.
Investors and shareholders can obtain free copies of the proxy statement/prospectus and other documents filed with the SEC by Noble and Topco through the website maintained by the SEC at www.sec.gov. In addition, investors and shareholders can obtain free copies of the proxy statement/prospectus and other documents related thereto on Maersk Drilling's website at www.maerskdrilling.com or on Noble's website at www.noblecorp.com or by written request to Noble at Noble Corporation, Attn: Richard B. Barker, 13135 Dairy Ashford, Suite 800, Sugar Land, Texas 77478.
Participants in the Solicitation
Maersk Drilling, Noble and their respective directors, executive officers and certain employees may be deemed to be participants in the solicitation of proxies from the shareholders of Maersk Drilling and Noble, respectively in connection with the proposed Business Combination. Shareholders may obtain information regarding the names, affiliations and interests of Noble's directors and officers in Noble's Annual Report on Form 10-K for the fiscal year ended December 31, 2021, which was filed with the SEC on February 17, 2022, and Items 10 through 14 of Part III of Amendment No. 1 thereto on Form 10-K/A, which was filed with the SEC on March 11, 2022. To the extent the holdings of Noble's securities by Noble's directors and executive officers have changed since the amounts set forth in such annual report, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Information regarding the names, affiliations and interests of Maersk Drilling's directors and officers is contained in Maersk Drilling's Annual Report for the fiscal year ended December 31, 2021 and can be obtained free of charge from the sources indicated above. Additional information regarding the interests of such individuals in the proposed Business Combination are included in the proxy statement/prospectus filed with the SEC. You may obtain free copies of these documents from the sources indicated above.
No Offer or Solicitation
This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction pursuant to the proposed Business Combination or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction, in each case in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act and applicable European or UK, as appropriate, regulations. Subject to certain exceptions to be approved by the relevant regulators or certain facts to be ascertained, the public offer will not be made directly or indirectly, in or into any jurisdiction where to do so would constitute a violation of the laws of such jurisdiction, or by use of the mails or by any means or instrumentality (including, without limitation, facsimile transmission, telephone and the internet) of interstate or foreign commerce, or any facility of a national securities exchange, of any such jurisdiction.
Forward-looking Statements
This communication includes "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. All statements other than statements of historical facts included in this communication, including those regarding future guidance, including Adjusted Revenue, Adjusted EBITDA, Adjusted EBITDA run-rate, and capital expenditures, free cash flow, rig demand, the offshore drilling market, oil prices, contract backlog, fleet status, our future financial position, business strategy, liquidity, future capital expenditures, contract commitments, dayrates, contract commencements, extension or renewals, contract tenders, plans and objectives of management for future operations, industry conditions, impact of competition, worldwide economic conditions, the benefits of the Business Combination, the anticipated timing of the Business Combination, the divestment of drilling rigs in connection with the CMA's review of the transaction, the rigs to be included in such divestment, and the parties' ability to obtain the necessary merger control clearances to complete the transaction and timing, benefits or results of acquisitions or dispositions are forward-looking statements. When used in this communication, the words "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "project," "should," "shall" and "will" and similar expressions are intended to be among the statements that identify forward-looking statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot assure you that such expectations will prove to be correct. These forward-looking statements speak only as of the date of this communication and we undertake no obligation to revise or update any forward-looking statement for any reason, except as required by law. We have identified factors, including, but not limited to, the business combination with Maersk Drilling (including but not limited to the risk that the business combination may not be completed in a timely manner or at all, the failure to satisfy the conditions to the consummation of the business combination, the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement, the effect of the announcement or pendency of the business combination on Noble's business relationships, performance and business generally, the risk that the proposed business combination disrupts current plans and potential difficulties in employee retention as a result of the proposed business combination, the outcome of any legal proceedings that may be instituted against related to the proposed business combination, requirements, conditions or costs that may be imposed in connection with obtaining regulatory approvals of the business combination, the ability to implement business plans, forecasts, and other expectations (including with respect to synergies and financial and operational metrics, such as EBITDA and free cash flow) after the completion of the proposed business combination, and to identify and realize additional opportunities, the failure to realize anticipated benefits of the proposed business combination, the potential impact of announcement or consummation of the proposed business combination on relationships with third parties, and risks associated with assumptions that parties make in connection with the parties' critical accounting estimates and other judgments), the effects of public health threats, such as the ongoing outbreak of COVID-19, and the adverse impact thereof on our business, financial condition and results of operations (including but not limited to our operating costs, supply chain, availability of labor, logistical capabilities, customer demand for our services and industry demand generally, our liquidity, the price of our securities, our ability to access capital markets, and the global economy and financial markets generally), the effects of actions by, or disputes among OPEC+ members with respect to production levels or other matters related to the price of oil, market conditions, factors affecting the level of activity in the oil and gas industry, supply and demand of drilling rigs, factors affecting our drilling contracts, including duration, downtime, dayrates, operating hazards and delays, risks associated with operations outside the US, actions by regulatory authorities, credit rating agencies, customers, joint venture partners, contractors, lenders and other third parties, legislation and regulations affecting drilling operations, compliance with regulatory requirements, violations of anti-corruption laws, shipyard risk and timing, delays in mobilization of rigs, hurricanes and other weather conditions, and the future price of oil and gas, that could cause actual plans or results to differ materially from those included in any forward-looking statements. These factors include those "Risk Factors" referenced or described in the Company's most recent Form 10-K, Form 10-Q's, and other filings with the SEC. We cannot control such risk factors and other uncertainties, and in many cases, we cannot predict the risks and uncertainties that could cause our actual results to differ materially from those indicated by the forward-looking statements. You should consider these risks and uncertainties when you are evaluating us.
NOBLE CORPORATION AND SUBSIDIARIES
NON-GAAP MEASURES AND RECONCILIATION
Certain non-GAAP performance measures and corresponding reconciliations to GAAP financial measures for the Company have been provided for meaningful comparisons between current results and prior operating periods. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that excludes or includes amounts that are not normally included or excluded in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles. The Company defines "Adjusted EBITDA" as net loss from continuing operations before income taxes; interest income and other, net; gain (loss) on extinguishment of debt, net; interest expense, net of amounts capitalized; loss on impairment; reorganization items, net; certain corporate projects and legal matters; certain infrequent operational events; and depreciation and amortization expense. We believe that Adjusted EBITDA measure provides greater transparency of our core operating performance. Adjusted EBITDA run-rate as used in this press release means the Company's Adjusted EBITDA guidance for the second, third and fourth quarters of 2022, annualized for three quarters.
In order to fully assess the financial operating results, management believes that the results of operations, adjusted to exclude the following items, which are included in the Company's press release issued on May 2, 2022, are appropriate measures of the continuing and normal operations of the Company:
These non-GAAP adjusted measures should be considered in addition to, and not as a substitute for, or superior to, contract drilling revenue, contract drilling cost, contract drilling margin, average daily revenue, operating income, cash flows from operations, or other measures of financial performance prepared in accordance with GAAP. Please see the following non-GAAP Financial Measures and Reconciliations for a complete description of the adjustments.
NOBLE CORPORATION AND SUBSIDIARIES
2022 GUIDANCE
(Unaudited)
Guidance is as of May 2, 2022. Noble's guidance is provided on a guidance basis, which is a non-GAAP financial measure. Management evaluates Noble's financial performance in part based on guidance basis, which management believes enhances investors' understanding of Noble's overall financial performance by providing them with an additional meaningful and relevant comparison of current and anticipated future results across periods. The adjustments to arrive at guidance basis are described below. Due to the forward-looking nature of Adjusted EBITDA, Adjusted Revenue and Adjusted EBITDA run-rate, management cannot reliably predict certain of the necessary components of the most directly comparable forward-looking GAAP measure. Accordingly, the company is unable to present a quantitative reconciliation of such forward-looking non-GAAP financial measure to the most directly comparable forward-looking GAAP financial measure without unreasonable effort.
The Company provided updated guidance for full year 2022:
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SINGAPORE, May 2, 2022 /PRNewswire/ -- A SPAC II Acquisition Corp. (NASDAQ: ASCBU) ("A SPAC II" or the "Company") announced the pricing of its initial public offering of 18,500,000 units at a price of $10.00 per unit. The units are expected to be listed on The NASDAQ Global Market ("NASDAQ") and trade under the ticker symbol "ASCBU" beginning May 3, 2022. Each unit consists of one Class A ordinary share, one half of one redeemable warrant, and one right to receive one-tenth of one Class A ordinary share upon the consummation of the Company's initial business combination. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares, warrants and rights are expected to be traded on the NASDAQ under the symbols "ASCB," "ASCBW," and "ASCBR," respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.
Maxim Group LLC is acting as sole book running manager in the offering.
The Company has granted the underwriters a 45-day option to purchase up to an additional 2,775,000 units at the initial public offering price, less underwriting discounts, to cover over-allotments, if any. The offering is expected to close on May 5, 2022, subject to customary closing conditions.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on May 2, 2022. The offering is being made only by means of a prospectus, copies of which may be obtained by contacting Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022. Copies of the registration statement can be accessed through the SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these 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.
About A SPAC II Acquisition Corp.
A SPAC II Acquisition Corp. is a British Virgin Islands company incorporated as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. A SPAC II's efforts to identify a prospective target business will not be limited to a particular industry, although the Company intends to focus on opportunities that are in high-growth industries that apply cutting edge technologies, such as Proptech and Fintech (the "New Economy Sectors"), with a preference for companies that promote environmental, social and governance ("ESG") principles.
Forward Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company's initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
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SOURCE A SPAC II Acquisition Corp. | https://www.whsv.com/prnewswire/2022/05/02/spac-ii-acquisition-corp-announces-pricing-185-million-initial-public-offering/ | 2022-05-02T23:57:52Z |
MEXICO CITY, May 2, 2022 /PRNewswire/ -- Total Play Telecomunicaciones, S.A.P.I. de C.V. ("Total Play"), a leading telecommunications company in Mexico, which offers internet access, pay television and telephone services, through one of the largest 100% fiber optic networks in the country, today announced financial results for the first quarter of 2022.
First quarter results
Revenue for the quarter totaled Ps.8,416 million, compared to Ps.6,356 million from the previous year. Total costs and expenses were Ps.4,688 million, from Ps.3,679 million a year ago.
As a result, Total Play's EBITDA was Ps.3,728 million, from Ps.2,677 million the previous year. The company posted an operating profit of Ps.976 million, compared to Ps.658 million a year ago. Total Play reported net income of Ps.477 million, from a loss of Ps.216 million in the same period of 2021.
Revenue from services
The growth in the company's revenue in the period is mainly the result of an increase in sales in the residential segment, due to greater demand from households for Total Play's telecommunications services.
Costs and expenses
Total costs and expenses grew 27%, as a result of a 15% increase in service costs and a 37% increase in general expenses. The growth in costs, to Ps.1,870 million, from Ps.1,627 million in the previous year, results mainly from the purchase of content, leasing of connection links and licenses for the operation of the network.
The increase in expenses, to Ps.2,818 million, from Ps.2,052 million, reflects higher expenses for services, advertising and promotion, as well as maintenance, in the context of increasing coverage.
EBITDA and net result
Total Play's EBITDA was Ps.3,728 million compared to Ps.2,677 million in the previous year.
The main variations below EBITDA were as follows:
Growth of Ps.733 million in depreciation and amortization, as a result of user acquisition costs — telecommunications equipment, labor and installation expenses — as well as investments in fiber optic network coverage.
Increase of Ps.352 million in interest expense, derived mainly from growth in long-term financial debt.
Foreign exchange gain of Ps.742 million this quarter, compared to a loss of Ps.274 million a year ago, as a result of the net liability monetary position in dollars, together with the appreciation of the exchange rate of the peso against the dollar this period, from depreciation the previous year.
Total Play reported a net income of Ps.477 million, from a net loss of Ps.216 million in the same period of 2021.
Balance Sheet
As of March 31, 2022, the company's debt with costs was Ps.41,275 million, compared to Ps.27,503 million in the previous year.
The growth of the debt balance is mainly related to the placement of Senior Notes in international markets for US$600 million, in September 2021.
The lease liability was Ps.5,804 million, compared to Ps.4,209 million in the previous year.
About Total Play
Total Play is a leading Triple Play provider in Mexico that, thanks to the widest direct-to-home fiber optic network in the country, offers entertainment and technologically advanced services with the highest quality and speed in the market. For the latest news and updates about Total Play, visit: www.totalplay.com.mx
Total Play is a Grupo Salinas company (www.gruposalinas.com), a group of dynamic, fast growing, and technologically advanced companies focused on creating economic value through market innovation and goods and services that improve standards of living; social value to improve community wellbeing; and environmental value by reducing the negative impact of its business activities. Created by Mexican entrepreneur Ricardo B. Salinas (www.ricardosalinas.com), Grupo Salinas operates as a management development and decision forum for the top leaders of member companies. Each of the Grupo Salinas companies operates independently, with its own management, board of directors and shareholders. Grupo Salinas has no equity holdings. The group of companies shares a common vision, values and strategies for achieving rapid growth, superior results and world-class performance.
Except for historical information, the matters discussed in this press release are concepts about the future that involve risks and uncertainty that may cause actual results to differ materially from those projected. Other risks that may affect Total Play and its subsidiaries are presented in documents sent to the securities authorities.
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SOURCE Total Play Telecomunicaciones, S.A.P.I. de C.V. | https://www.whsv.com/prnewswire/2022/05/02/total-play-announces-revenue-ps8416-million-ebitda-ps3728-million-first-quarter-2022/ | 2022-05-02T23:57:59Z |
MEXICO CITY, May 2, 2022 /PRNewswire/ -- TV Azteca, S.A.B. de C.V. (BMV: AZTECACPO Latibex: XTZA), one of the two largest producers of Spanish-language television programming in the world, today announced financial results for the first quarter 2022.
"Despite the positive performance of revenue in the quarter, the company's net sales are still below levels prior to the health contingency due to Covid-19," commented Rafael Rodríguez, CEO of TV Azteca. "In this context, in the coming months we will seek to boost the production and acquisition of content, the investment in maintenance and equipment and hiring human resources, suspended during the health contingency, and which are necessary to overcome the great challenges for the year and offer the most competitive programming to audiences, in order to strengthen the revenue generation and preserve the operational and financial viability of the company."
"Regarding our balance sheet, TV Azteca continues with the constructive dialogue with the holders of the notes denominated in foreign currency, which began the previous year, to allow the reorganization of its debt, in line with the context and situation of the company, and has the firm conviction that favorable agreements can be reached in the near future for all parties and for the development of Mexican television," added Mr. Rodríguez.
First quarter results
Net sales for the period were Ps.2,915 million, 14% above the Ps.2,563 million for the same quarter of the previous year. Total costs and expenses increased 13% to Ps.2,237 million, from Ps.1,978 million in the previous year.
As a result, TV Azteca reported EBITDA of Ps.678 million, compared to Ps.584 million a year ago. The company generated operating income of Ps.480 million, from a profit of Ps.417 million the previous year.
TV Azteca recorded net income of Ps.285 million, compared to a net loss of Ps.281 million in the same period of 2021.
Net sales
The company's advertising sales in Mexico grew 14%, to Ps.2,867 million, from Ps.2,513 million a year earlier.
The sum of revenues from TV Azteca Guatemala and TV Azteca Honduras, as well as the company's content sales outside of Mexico, was Ps.48 million, compared to Ps.50 million the previous year.
Costs and SG&A Expenses
Total costs and expenses increased 13% in the quarter as a result of a 14% growth in production, programming and transmission costs — to Ps.2,061 million, from Ps.1,804 million a year ago — together with a 1% increase in selling and administrative expenses, to Ps.176 million, compared to Ps.174 million in the previous year.
The increase in costs — consistent with the growth in income — reflects the production of content and the acquisition of exhibition rights required by the company's different platforms in the period.
The increase in selling and administrative expenses is the result of higher personnel, fees and travel expenses, partially offset by a reduction in operating expenses and services.
EBITDA and net results
The company's EBITDA was Ps.678 million, compared to Ps.584 million in the same period of the previous year. TV Azteca reported operating income of Ps.480 million, from Ps.417 million a year ago.
The main variations below EBITDA were as follows:
Reduction of Ps.103 million in other financial expenses that reflects expenses related to the cancellation of foreign exchange hedges and interest on the company's cost-bearing debt a year ago.
Foreign exchange gain of Ps.229 million, compared to a foreign exchange loss of Ps.209 million in the same quarter of 2021 as a result of a dollar net liability monetary position, together with the appreciation of the exchange rate of the peso against the dollar this period, compared to depreciation the previous year.
Reduction of Ps.99 million in the balance of discontinued operations, due to losses related to the discontinued operation of Azteca Comunicaciones Perú this quarter, compared to profit from the operations of the company a year ago.
TV Azteca recorded a net income of Ps.285 million in the quarter, from a net loss of Ps.281 million the previous year.
Balance Sheet
As of March 31, 2022, TV Azteca's debt with cost was Ps.12,432 million, compared to Ps.12,548 million from the previous year.
The balance of cash and cash equivalents at the end of the quarter was Ps.949 million, compared to Ps.1,671 million a year ago. The company's net debt as of March 31, 2022 was Ps.11,483 million, from Ps.10,877 million the previous year.
The restricted cash balance — which reflects the amount to cover payments for content exhibition rights and other short-term obligations of the company — was Ps.1,655 million, compared to Ps.246 million a year ago.
About TV Azteca
TV Azteca is one of the two largest producers of Spanish-language television programming in the world, operating four television networks in Mexico: Azteca uno, Azteca 7, adn40 and a+, through more than 300 owned and operated stations across the country. The company also owns TV Azteca Digital, operator of several of the most visited digital platforms and social networks in Mexico.
TV Azteca is a Grupo Salinas company (www.gruposalinas.com), a group of dynamic, fast growing, and technologically advanced companies focused on creating: economic value through market innovation and goods and services that improve standards of living; social value to improve community wellbeing; and environmental value by reducing the negative impact of its business activities. Created by Mexican entrepreneur Ricardo B. Salinas (www.ricardosalinas.com), Grupo Salinas operates as a management development and decision forum for the top leaders of member companies. These companies include TV Azteca (www.TVazteca.com; www.irtvazteca.com), Grupo Elektra (www.grupoelektra.com.mx), Banco Azteca (www.bancoazteca.com.mx), Purpose Financial (havepurpose.com), Afore Azteca (www.aforeazteca.com.mx), Seguros Azteca (www.segurosazteca.com.mx), Punto Casa de Bolsa (www.puntocasadebolsa.mx), Totalplay (irtotalplay.mx; www.totalplay.com.mx) and Totalplay Empresarial (totalplayempresarial.com.mx). TV Azteca and Grupo Elektra trade shares on the Mexican Stock Market and in Spains' Latibex market. Each of the Grupo Salinas companies operates independently, with its own management, board of directors and shareholders. Grupo Salinas has no equity holdings. The group of companies shares a common vision, values and strategies for achieving rapid growth, superior results and world-class performance.
Except for historical information, the matters discussed in this press release are concepts about the future that involve risks and uncertainty that may cause actual results to differ materially from those projected. Other risks that may affect TV Azteca and its subsidiaries are presented in documents sent to the securities authorities.
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SOURCE TV Azteca, S.A.B. de C.V. | https://www.whsv.com/prnewswire/2022/05/02/tv-azteca-announces-sales-ps2915-million-ebitda-ps678-million-first-quarter-2022/ | 2022-05-02T23:58:02Z |
Master carver, Jared Pere, handcrafts one-of-a-kind pieces with unique designs inspired by the stories and history of his ancestors.
Jared gave us a bit of history about how he got started, “When I was eight years old, one of my uncles, who was a master carver, gave me some chisels...a set of chisels in a box” and that is where he created his first carving. When he was 18 and graduated high school, “another uncle was the master carver here at that Cultural Center from New Zealand.” He then “got a job working with him and just fell in love with it all over again and stuck with it.” When his uncle retired, Jared took over carving at the Polynesian Culture Center and is now teaching others so they can carry on the tradition.
This craft is something that has passed on through his family over the years, and as time went on, the tools used have evolved. We got to try carving with a chainsaw and it was no easy task!
“My uncle used to say, he doesn’t teach people how to carve, he draws it out of them, so we already have it inside us.. In Māori, you pull it out of their piko, or their navel area and I think that’s true cause I just gravitated towards it.” As he continued to learn and study in school, Jared shared the inspiration that came from art masters like Michelangelo and Bernini. “When I look at their art...there’s a reverence around it...and it just amazes me.” The carvings Jared creates carry on that same feeling, and are works of art that will be passed on for generations to come.
To see more of Jared’s unique carvings and art, visit @jared_pere on IG, or go to the Polynesian Cultural Center to see some of his creations in person.
Interested in featuring your business or organization? Email IslandLife@kitv.com
As Miss Hawaii 2019 & 2020, Nikki was a representative for the Aloha State and was highly involved with the community as she promoted the importance of service. Nikki is the host of KITV's entertainment and culture platform, ISLAND LIFE. | https://www.kitv.com/island-life/extra/master-wood-carver-handcrafts-polynesian-designs-inspired-by-his-culture/article_2a24ca72-ca70-11ec-9a86-0b5f907b5085.html | 2022-05-03T00:38:01Z |
...SMALL CRAFT ADVISORY NOW IN EFFECT UNTIL 6 AM HST TUESDAY...
* WHAT...East to northeast winds 20 to 25 kt. Up to 30 kt over the
Alenuihaha Channel. Seas 7 to 10 feet.
* WHERE...All Hawaiian Coastal Waters.
* WHEN...Until 6 AM HST Tuesday.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
&&
HONOLULU (KITV4) - United Airlines marked its 75th anniversary since its first flight to the Hawaiian Islands on May 1, 1947. At that time, that was the longest flight over water, a nine-hour flight to what is now a five-hour flight from San Francisco to Honolulu.
United Airlines operates more than 715 aircraft on the mainland in many major cities like Los Angeles, Denver, and Chicago. However, United Airlines also serves as one of only two airlines in a small regional airport in Northern California, the Redwood Coast-Humboldt County Airport.
Being a rural area, people in Humboldt County and surrounding areas such as Del Norte County rely on United Airlines for far travel. The town is fairly isolated and all larger cities are at least four hours away.
Eureka resident Lauri Garrison is a lifelong United Airlines customer who visits Honolulu frequently. She's thankful the company is not only in large international airports, but as well as smaller regional airports.
“Without United Airlines, we’d be landlocked. We’re 270 miles from San Francisco and that is the closest major city, so United serves as a lifeline for the Humboldt County community,” said Garrison.
Redwood Coast-Humboldt County Airport is home to two airlines, United Airlines and Avelo. Garrison said she has the option to use United Airlines to find connecting flights to Honolulu and hopes other airlines will expand the same way. | https://www.kitv.com/news/business/as-united-celebrates-75-years-of-service-to-hawaii-one-traveler-says-the-airline-plays/article_6f2b70e8-ca5d-11ec-b1a9-2f86a3ef77f0.html | 2022-05-03T00:38:07Z |
...SMALL CRAFT ADVISORY NOW IN EFFECT UNTIL 6 AM HST TUESDAY...
* WHAT...East to northeast winds 20 to 25 kt. Up to 30 kt over the
Alenuihaha Channel. Seas 7 to 10 feet.
* WHERE...All Hawaiian Coastal Waters.
* WHEN...Until 6 AM HST Tuesday.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
&&
HONOLULU (KITV4) -- Foodland in East Oahu may be adding an oyster bar next to its store.
The Honolulu-based supermarket chain has recently filed a building permit for a Foodland Farms Oyster Bar in Space #102 that's adjacent to its existing store at the Aina Haina Shopping Center.
The estimated value of work for the new store is $580,000. Honolulu architect Jason Selley is part of the project.
Sheryl Toda, spokeswoman for Foodland, tells KITV4 that it has been leasing the space adjacent to its Foodland Farms Aina Haina store for some time and it is exploring options to open a food concept store there.
No other information regarding this new food concept is available at this time.
Duane Shimogawa has more than 15 years of experience in the media industry with stints as a reporter/anchor at several TV and radio stations, as well as newspapers such as Pacific Business News, Hawaii News Now, KNDU/KNDO-TV, and more. | https://www.kitv.com/news/business/foodland-may-be-adding-an-oyster-bar-in-east-oahu/article_b3e13d52-ca63-11ec-9786-1f1d980f4e69.html | 2022-05-03T00:38:13Z |
...SMALL CRAFT ADVISORY NOW IN EFFECT UNTIL 6 AM HST TUESDAY...
* WHAT...East to northeast winds 20 to 25 kt. Up to 30 kt over the
Alenuihaha Channel. Seas 7 to 10 feet.
* WHERE...All Hawaiian Coastal Waters.
* WHEN...Until 6 AM HST Tuesday.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
&&
John Rapozo, 48, and Kiha Ka'ahu, 44, were charged on Saturday and have remained in custody pending their initial court appearance.
PUNA, Hawaii (KITV4) -- Two Puna men charged with an array of property, firearms, and drug offenses are set to make their first court appearance on Monday in Hilo District Court.
John Rapozo, 48, and Kiha Ka'ahu, 44, were charged on Saturday and have remained in custody pending their initial court appearance.
The charges against the two men stem from an incident that happened on Thursday, when Big Island Police tracked down two stolen vehicles that were reportedly taken by Kaahu and Rapozo.
In attempt to flee the scene, Kaahu drove into a nearby nursery damaging the property. Rapozo tried to abandon the car and escape but police were able to find and arrest him hiding off Highway 11.
Rapozo's bail is set at $235,000 and Kaahu's bail is set at $70,000. | https://www.kitv.com/news/crime/2-puna-men-appear-in-court-on-property-weapons-drug-charges/article_baf97fac-ca61-11ec-b2fe-fb033eaf24c7.html | 2022-05-03T00:38:19Z |
...SMALL CRAFT ADVISORY NOW IN EFFECT UNTIL 6 AM HST TUESDAY...
* WHAT...East to northeast winds 20 to 25 kt. Up to 30 kt over the
Alenuihaha Channel. Seas 7 to 10 feet.
* WHERE...All Hawaiian Coastal Waters.
* WHEN...Until 6 AM HST Tuesday.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
&&
KAPOLEI, Hawaii (KITV4) - New details about an attempted murder that left a 17-year-old girl in critical condition were released Monday.
Court documents reveal the suspect, 18-year-old Lakaysha Lupe Faitele, and the victim were friends having a sleepover Thursday at Faitele's uncle's Kapolei home.
At about 3:45 a.m., Faitele's uncle and aunt were awakened by yelling coming from their living room. When they entered the room to see what happened, they saw their niece, holding a knife, running towards the front door, yelling, "I'm sorry, I'm sorry."
At the same time Faitele's uncle stopped her from leaving, her aunt saw the victim, identified in court documents as T.H.K., lying in a pool of blood on the ground.
She had an eight-inch gaping gash across her chest and a deep cut in her leg, severing a major artery and nerve. Emergency Medical Services (EMS) took her to the hospital in critical condition.
When Honolulu Police arrived, Faitele's uncle identified her as the suspect and was arrested for second-degree murder.
Faitele is identified as a major offender with a juvenile record in a bail report. She remains in police custody and is held on a $500,000 bail.
An update on the teen's condition has not yet been released. | https://www.kitv.com/news/crime/kapolei-attempted-murder-suspect-and-victim-were-friends-court-documents-show/article_f074bc76-ca5e-11ec-9ac2-33a38aadd693.html | 2022-05-03T00:38:25Z |
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Biden restores celebration of Eid al-Fitr at White House
WASHINGTON (AP) — President Joe Biden celebrated Eid al-Fitr on Monday, restoring celebrations of the Muslim holiday marking the end of Ramadan at the White House after his predecessor scrapped them.
Muslims around the world typically abstain from food and drink from sunrise to sunset during Ramadan. Its end often means gathering for prayers, visiting family and friends and holding festive meals.
Addressing hundreds of attendees in the East Room, Biden said he’d promised as a presidential candidate to bring back marking Eid al-Fitr at the White House — but was forced to hold a virtual celebration last year because of the coronavirus pandemic.
“Today, around the world, we’ve seen so many Muslims that have been targeted by violence. No one, no one should discriminate against or be oppressed, or be repressed, for their religious beliefs,” Biden said. “We have to acknowledge that an awful lot of work remains to be done, abroad and here at home. Muslims make our nation stronger every single day, even as they still face real challenges and threats in our society, including targeted violence and Islamophobia.”
Presidents have held Eid al-Fitr celebrations since the Clinton administration, until Donald Trump, who didn’t hold formal events. He instead released statements marking the holiday, including one in 2020 when Trump said of Muslims “we hope they find both comfort and strength in the healing powers of prayer and devotion.”
Biden said Monday that he’d recently nominated the first Muslim woman to the federal bench as part of a commitment to build an administration that values diversity and “looks like America.” He also jokingly compared fasting for Ramadan to his Catholic faith, which he said mandates that he make major sacrifices for Lent including having to “go 40 days” with “no sweets and no ice cream.”
Talib Shareef, Imam of Masjid Muhammad in Washington, known to some as “The Nation’s Mosque,” said of the White House gathering, “Being hosted here is an important statement for our nation and for the world.”
“A statement that Islam is a welcome part of our nation together with all the other faith traditions,” Shareef said. “And that the highest office in this land is committed to our nation’s foundational values and laws protecting religious freedom.”
Also addressing the event was first lady Jill Biden, who drew applause by saying that the holiday embodies above all “a joy born from love. Love for our families and for our communities, and for THIS community.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.wvva.com/2022/05/02/biden-restores-celebration-eid-al-fitr-white-house/ | 2022-05-03T00:47:59Z |
Toddler left with bruises and bite marks after attack at daycare facility
ALBANY, Ga. (WALB/Gray News) - An Albany parent is contemplating taking legal action after her child left an area daycare with bruises and bite marks.
WALB’s Kiera Hood spoke with the mother, April Robinson, and her family. A police report said Robinson’s toddler, Gabriella, was attacked at Wee Are the World Child Development Center on Moultrie Road on April 28.
According to the Albany police report, a daycare worker says a 5-year-old boy held 1-year-old Gabriella Richardson down, bit, and scratched her several times on her face and body inside this facility.
“Her face looked like a rottweiler had attacked her,” said Lasasha Robinson, the 1-year-old’s aunt.
You can see the marks from the attack that sent baby Gabriella to the hospital.
According to the report, a daycare worker says she was changing another child’s diaper when she heard Gabriella scream and then saw the boy attacking her.
“You can’t tell me that this happened within seconds this was going on and nobody was around,” Lasasha said.
“It did seem like it went on for several minutes and I just hate that,” said Alexis Robinson, the 1-year-old’s aunt.
Her mom and aunts are questioning how this could have happened in such a short amount of time, or with an adult in the room.
“I was like let me see her, what happened, let me see and when I saw her face I just, I immediately asked, I was cursing. I was like what happened?” Jasmine Robinson, the 1-year-old’s aunt said.
Richardson’s mom, April, says she never wanted to put her daughter in child care but has to as a single mother. She says she is traumatized.
“Once I got there on the scene. I couldn’t grab her. I couldn’t even grab to say ‘you know mama here, I got you’ or anything because she doesn’t even look the same,” said April.
Robinson says she is not sure if she will be moving forward with legal action. The daycare center and police say there are no cameras inside the facility.
Statement from Wee Are the World Child Development Center
Robinson says she is not sure if she will be moving forward with legal action. The daycare center and police say there are no cameras inside the facility.
Copyright 2022 WALB via Gray Media Group, Inc. All rights reserved. | https://www.wvva.com/2022/05/02/toddler-left-with-bruises-bite-marks-after-attack-daycare-facility/ | 2022-05-03T00:48:14Z |
‘Extreme’ plant thrives and grows faster under stress, study says
Published: May. 2, 2022 at 8:02 PM EDT|Updated: 46 minutes ago
(CNN) – They say what doesn’t kill you makes you stronger.
Scientists say that wisdom definitely applies to plants, called “extremophyte.”
The plants not only survive in places that would kill most other plants, but they thrive in them. That includes areas that are extremely dry and cold, or have a high salt content.
Researchers in San Diego say the plants have a unique hormone that kicks into overdrive when conditions get harsh which helps the plant adapt.
According to the journal Nature Plants, experts are hoping to replicate that process in some crops that are at risk because of climate change.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.wvva.com/2022/05/03/extreme-plant-thrives-grows-faster-under-stress-study-says/ | 2022-05-03T00:48:21Z |
McDowell County Commission opposes AEP rate hike
MCDOWELL COUNTY, W.Va. (WVVA) - McDowell County’s Commissioners opposed a proposed AEP rate hike on Wednesday, April 27th through a proclamation signed by President Cecil Patterson and commissioners Michael Brooks and Cody Estep.
Non-profit Council of the Southern Mountains in Welch said county residents are struggling to keep up with already rising energy costs.
“It’s really hurting people, and not just low income,” said Tammi Ferrell. “I feel like I work to pay my power bill, my gas bill and my groceries. It’s got to stop. I don’t know what the answer is other than putting a stop to all of these price hikes and these increases.”
Monthly rates could jump by more than $18 a month for customers using 1,000 kWh beginning on September 1. AEP requested the price hike from W.Va.’s Public Service Commission on April 20th.
“You think long and hard before you file a case like this,” said Phil Moye of Appalachian Power. “But it’s one of those things that if you don’t, it just becomes a worse thing to deal with later.”
Moye said the decision to raise prices came as a result of higher costs across the board -- specifically for energy AEP buys itself to supply customers with. In McDowell County however, residents said they’re fed up with the situation.
“Everything is going up and they simply don’t care about the consumer,” said Brandy Stamper. “When things go up they just pass it on to us.”
Boone County Commissioners have since submitted their own letter of opposition to the PSC regarding the proposed price hike. The PSC is unable to comment due to the pending decision.
Copyright 2022 WVVA. All rights reserved. | https://www.wvva.com/2022/05/03/mcdowell-county-commission-opposes-aep-rate-hike/ | 2022-05-03T00:48:28Z |
Planet Fitness offers high school teens free workouts all summer
(WXIX/Gray News) - Planet Fitness is offering free workouts to high schoolers ages 14-19 this summer.
The offer is good at all of Planet Fitness’s 2,200 locations from May 16-Aug. 31.
Need more motivation? All participants who sign up starting May 16 are automatically entered into the Planet Fitness High School Summer Pass Sweepstakes.
Planet Fitness will award one $500 scholarship in each state (and the District of Columbia), and one grand prize $5,000 scholarship at the end of the summer.
These scholarships can be used for academic or athletic activities or programs.
It’s part of the High School Summer Pass initiative, formerly the Teen Summer Challenge, which was launched in 2019 and saw more than 900,000 teens sign up and complete more than 5.5 million workouts over the summer.
You can pre-register here.
Teens under 18 must register with a parent or guardian online or in-club.
A Planet Fitness spokesperson cites a study that says less than 15% of teens met the 60-minute daily physical activity recommendation during the pandemic.
A national study commissioned by Planet Fitness further found 93% of American teens want to stay healthy and active but lack motivation or access.
The High School Summer Pass is envisioned as a solution when school sports programs, gym classes and after-school activities wind down.
“As the leader in fitness, we believe we have a responsibility to provide a welcoming, safe, and Judgement Free environment for high school students to improve their physical and mental wellness, particularly given the challenges they have and continue to face in the wake of the pandemic,” said Chris Rondeau, chief executive officer at Planet Fitness.
“Our study found that nearly all (92%) high school students agreed that when they are regularly physically active, they feel much better mentally. Fitness is about feeling good, too, and our hope is that High School Summer Pass empowers teens to create life-long workout habits to help them succeed in every aspect of their lives.”
Copyright 2022 WXIX via Gray Media Group, Inc. All rights reserved. | https://www.wvva.com/2022/05/03/planet-fitness-offers-high-school-teens-free-workouts-all-summer/ | 2022-05-03T00:48:34Z |
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‘Extreme’ plant thrives and grows faster under stress, study says
Published: May. 2, 2022 at 8:02 PM EDT|Updated: 1 hour ago
(CNN) – They say what doesn’t kill you makes you stronger.
Scientists say that wisdom definitely applies to plants, called “extremophyte.”
The plants not only survive in places that would kill most other plants, but they thrive in them. That includes areas that are extremely dry and cold, or have a high salt content.
Researchers in San Diego say the plants have a unique hormone that kicks into overdrive when conditions get harsh which helps the plant adapt.
According to the journal Nature Plants, experts are hoping to replicate that process in some crops that are at risk because of climate change.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.whsv.com/2022/05/03/extreme-plant-thrives-grows-faster-under-stress-study-says/ | 2022-05-03T01:28:01Z |
Planet Fitness offers high school teens free workouts all summer
(WXIX/Gray News) - Planet Fitness is offering free workouts to high schoolers ages 14-19 this summer.
The offer is good at all of Planet Fitness’s 2,200 locations from May 16-Aug. 31.
Need more motivation? All participants who sign up starting May 16 are automatically entered into the Planet Fitness High School Summer Pass Sweepstakes.
Planet Fitness will award one $500 scholarship in each state (and the District of Columbia), and one grand prize $5,000 scholarship at the end of the summer.
These scholarships can be used for academic or athletic activities or programs.
It’s part of the High School Summer Pass initiative, formerly the Teen Summer Challenge, which was launched in 2019 and saw more than 900,000 teens sign up and complete more than 5.5 million workouts over the summer.
You can pre-register here.
Teens under 18 must register with a parent or guardian online or in-club.
A Planet Fitness spokesperson cites a study that says less than 15% of teens met the 60-minute daily physical activity recommendation during the pandemic.
A national study commissioned by Planet Fitness further found 93% of American teens want to stay healthy and active but lack motivation or access.
The High School Summer Pass is envisioned as a solution when school sports programs, gym classes and after-school activities wind down.
“As the leader in fitness, we believe we have a responsibility to provide a welcoming, safe, and Judgement Free environment for high school students to improve their physical and mental wellness, particularly given the challenges they have and continue to face in the wake of the pandemic,” said Chris Rondeau, chief executive officer at Planet Fitness.
“Our study found that nearly all (92%) high school students agreed that when they are regularly physically active, they feel much better mentally. Fitness is about feeling good, too, and our hope is that High School Summer Pass empowers teens to create life-long workout habits to help them succeed in every aspect of their lives.”
Copyright 2022 WXIX via Gray Media Group, Inc. All rights reserved. | https://www.whsv.com/2022/05/03/planet-fitness-offers-high-school-teens-free-workouts-all-summer/ | 2022-05-03T01:28:08Z |
Report: Supreme Court set to overturn abortion rights
Published: May. 2, 2022 at 9:16 PM EDT|Updated: seconds ago
(Gray News) - The Supreme Court is set to overturn Roe v. Wade, according to a draft opinion obtained by Politico.
The Roe v. Wade decision protects women’s rights to abortion.
The initial majority draft which was reportedly circulated inside the court was written and signed by Justice Samuel Alito.
“We hold that Roe and Casey must be overruled,” Alito said in the document.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.whsv.com/2022/05/03/report-supreme-court-set-overturn-abortion-rights/ | 2022-05-03T01:28:14Z |
MONTRÉAL, May 2, 2022 /PRNewswire/ - Optimum Financial Group unveiled a solid financial performance at the Optimum Group Inc.'s annual shareholders' meeting on April 29, 2022.
For the third consecutive year, the Group achieves revenues over one billion Canadian dollars. For the past financial year, the return on equity reaches nearly 12.5%. Also worth noting, net premiums have increased by 17%.
Furthermore, assets under management in Canada, in the United States and in France totalize nearly 8.5 billion Canadian dollars to December 31, 2021.
Despite the negative impacts of the pandemic on mortality, the life insurance and reinsurance sector nevertheless stands out with very good results and a notable growth in net premiums, while the general insurance sector continues to generate excellent underwriting results.
"Our performance indicators are very positive and reflect the rigorous work of our teams of experts dedicated to successfully ensuring the financial security of our clients and partners in an unprecedented context combining the extended pandemic with historically low interest rates", comments Anabelle Blondeau, Vice Chair of the Board and President and Chief Executive Officer, Optimum Group Inc.
"We are pursuing and intensifying our research and development work to materialise innovative IT projects, notably in actuarial technique and in medical underwriting, with the perspective of continuously improving our agility. We remain attentive to the evolving needs of our clients and partners, and are committed to the fulfillment and well-being of our employees." she adds.
Optimum Financial Group has also bestowed the 2021 Optimum Enterprise Award to two ex-aequo winning companies: Optimum Reassurance Inc. for its volume increase in net premiums and its improved return on equity, as well as Optimum Vie S.A. for the increase of its business volume and its very good financial results. This annual award recognizes the exceptional contribution of a subsidiary to the Group's overall performance.
Optimum Financial Group is dedicated to the financial security of its clients since over 50 years. Global and privately-owned, it is diversified in the sectors of actuarial consulting, asset management, general insurance, information technology, life insurance, life reinsurance, and real estate. The Group has over 620 employees in subsidiaries operating mainly across Canada, the United States and in France. Its revenues reach nearly 1.1 billion Canadian dollars, and its total assets rise up to 6 billion Canadian dollars. www.financialoptimum.com
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SOURCE Groupe Optimum inc. | https://www.whsv.com/prnewswire/2022/05/02/optimum-financial-group-unveils-solid-financial-performance-2021/ | 2022-05-03T01:28:22Z |
LEAD PLAINTIFF DEADLINE IS JUNE 14, 2022
NEW YORK, May 2, 2022 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a federal securities class action lawsuit has been filed against Aurinia Pharmaceuticals Inc. ("Aurinia" or the "Company") (NASDAQ: AUPH) in the United States District Court for the Eastern District of New York on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Aurinia securities between May 7, 2021 and February 25, 2022, both dates inclusive (the "Class Period").
All investors who purchased the shares of Aurinia Pharmaceuticals Inc. and incurred losses are advised 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 Aurinia Pharmaceuticals Inc., you may, no later than June 14, 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 Aurinia Pharmaceuticals Inc.
PLEASE CLICK HERE TO JOIN THE CASE
Aurinia is a biopharmaceutical company that develops and commercializes therapies to treat various diseases with unmet medical need in Japan and the People's Republic of China. The Company's only product is LUPKYNIS, which it offers for the treatment of adult patients with active lupus nephritis.
The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that:
- Aurinia was experiencing declining revenues;
- Aurinia's 2022 sales outlook for LUPKYNIS would fall well short of expectations;
- accordingly, the Company had significantly overstated LUPKYNIS's commercial prospects;
- as a result, the Company had overstated its financial position and/or prospects for 2022; and
- as a result, the Company's public statements were materially false and misleading at all relevant times.
On February 28, 2022, Aurinia issued a press release announcing its financial results for the quarter and full year ended December 31, 2021. Among other items, Aurinia reported a year-over-year revenue decline and announced a lower-than-expected sales outlook for 2022.
On this news, Aurinia's common share price fell $3.94 per share, or 24.26%, to close at $12.30 per share on February 28, 2022.
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.
Contact:
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.whsv.com/prnewswire/2022/05/03/aurinia-pharmaceuticals-inc-class-action-alert-wolf-haldenstein-adler-freeman-amp-herz-llp-announces-that-securities-class-action-lawsuit-has-been-filed-united-states-district-court-eastern-district-new-york-against-aurinia-pharmaceuticals-inc/ | 2022-05-03T01:28:28Z |
HONG KONG, May 2, 2022 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, SSE: 600938) today announced that Mero 1 project has commenced production safely.
Mero field locates in the Santos Basin pre-salt in the sea area of southeastern Brazil, with an average water depth of 1,930 meters, more than 150 kilometres from Rio de Janeiro. Mero 1 Project will be developed by the traditional deep-water Pre-salt development mode, FPSO+Subsea. It has 6 producing wells and 7 injectors currently, and capacity to produce 180,000 barrels of crude oil per day.
The FPSO used in Mero field was completed in December 2021 and arrived in Brazil in January 2022. It will be able to store around 1.4 million barrels of crude oil and is one of the largest adapted FPSO in the world.
"Mero field, which contains extremely rich oil and gas resources, is the third-largest subsalt deep-water oilfield globally," said Xia Qinglong, president of the Company. "The production of Mero 1 will not only become a significant growth driver for CNOOC Limited's overseas oil and gas production. The Company will take this as an opportunity, to further enrich experience and strengthen key technology breakthroughs, and sincerely work with partners to co-create a world-class benchmarking collaboration project, thus to have a positive impact on both the sustainable economic and social development of Brazil."
CNOOC Petroleum Brasil Ltda, a wholly-owned subsidiary of CNOOC Limited, holds 9.65% interest. Petrobras is the operator and has 38.6% interest, TotalEnergies holds 19.3% interest, Shell Brasil holds 19.3% interest, CNODC holds 9.65% interest, and Pré-Sal Petróleo S.A –PPSA holds 3.5% as the Federal Union representative in non-contracted areas.
-End-
Notes to Editors:
More information about the Company is available at http://www.cnoocltd.com.
*** *** *** ***
This press release includes forward looking information, including statements regarding the likely future developments in the business of the Company and its subsidiaries, such as expected future events, business prospects or financial results. The words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company as of this date in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company currently believes are appropriate under the circumstances. However, whether actual results and developments will meet the current expectations and predictions of the Company is uncertain. Actual results, performance and financial condition may differ materially from the Company's expectations, including but not limited to those associated with fluctuations in crude oil and natural gas prices, macro-political and economic factors, changes in the tax and fiscal regimes of the host countries in which we operate, the highly competitive nature of the oil and natural gas industry, environmental responsibility and compliance requirements, the Company's price forecast, the exploration and development activities, mergers, acquisitions and divestments activities, HSSE and insurance policies and changes in anti-corruption, anti-fraud, anti-money laundering and corporate governance laws.
Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations.
*** *** *** ***
For further enquiries, please contact:
Mr. Su Yuchi
Media & Public Relations
CNOOC Limited
Tel: +86-10-8452-5897
Fax: +86-10-8452-1441
E-mail: mr@cnooc.com.cn
Mr. Bunny Lee
Porda Havas International Finance Communications Group
Tel: +852 3150 6707
Fax: +852 3150 6728
E-mail: cnooc.hk@pordahavas.com
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SOURCE CNOOC Limited | https://www.whsv.com/prnewswire/2022/05/03/cnooc-limited-announces-mero-1-project-commences-production/ | 2022-05-03T01:28:34Z |
NORRISTOWN, Pa., May 2, 2022 /PRNewswire/ -- In an effort to support Mental Health Awareness Month this May, Crazy Aaron's, the creator of the award-winning Thinking Putty®, is donating special edition Thinking Putty® Care Packages to local Montgomery County therapist offices and mental health non-profit organizations that serve the community. This is part of a greater social initiative for Crazy Aaron's, who recently donated product sales in support of the humanitarian crisis in Ukraine and currently employs adults with special needs.
"Supporting mental health is the human equivalent to supporting infrastructure like roads and bridges. Without it, human potential is limited. With a solid foundation, your potential is infinite," says Founder and Executive Chairman Aaron Muderick.
Thinking Putty is perfect for people of all ages combatting stress and anxiety, as it provides a fun, tactile sensory experience that can help to ease anxiety, soothe fears, and even change our mood.
Jenna Giagnacova, MS, LPC, Conshohocken Counseling Services adds "Crazy Aaron's Thinking Putty has been a wonderful tool for our clients, particularly those who struggle with inattention/hyperactivity or anxiety. I even have clients who will bring their own Thinking Putty to my office because they know that having something to fidget with or to physically focus on will help them concentrate better and stay mentally present! One great thing about Thinking Putty over some other fidget toys is that it is a silent support, which means it creates less of a distraction to our work."
Crazy Aaron's has an extensive line of Thinking Putty that ranges from tactile play to scent-based putty with many to choose from.
Muderick concludes, "At Crazy Aaron's we are very lucky to create products that can offer positive mental health benefits to children and adults. Part of our mission manufacturing is to support local and help build up our community."
About Crazy Aaron's:
A world leader and innovative company in creative play, Crazy Aaron's has been making genuine Thinking Putty® since 1998. Founder, Crazy Aaron, has continued to trailblaze within the toy industry by establishing new product lines and brands to inspire curiosity and wonder to people of all ages! All Crazy Aaron's products are made with safe, nontoxic, top-quality materials and ingredients right on Main Street, USA in Norristown, PA.
To learn more visit www.crazyaarons.com or follow us on social media @thinkingputty and @landofdough.
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SOURCE Crazy Aaron's | https://www.whsv.com/prnewswire/2022/05/03/crazy-aarons-supports-mental-health-awareness-month-with-special-donation/ | 2022-05-03T01:28:40Z |
Professional Skin Care Brand Launches Powerful Campaign To Encourage Every Body to Protect Skin from Head to Toes Using Broad-Spectrum Sunscreen Daily
SCOTTSDALE, Ariz., May 2, 2022 /PRNewswire/ -- In honor of National Skin Cancer Awareness Month, EltaMD Skin Care, the #1 Dermatologist-recommended, trusted and personally used professional sunscreen brand is partnering with well-known Dermatologists as well as celebrity dancer and skin cancer survivor Witney Carson for its Head, Shoulders, Knees and Toes campaign by promoting sun safety education and awareness on skin cancer prevention.
"One of my biggest challenges is encouraging my patients to wear sunscreen daily, which is a struggle I know many Dermatologists face. In fact, the stats show that 90% of Americans skip their daily sunscreen, and nearly half of Americans are not wearing it at all, so the need to educate consumers on the importance of daily sunscreen use has never been greater," said Dr. Melissa Levin, board-certified Dermatologist and Founder, Entière Dermatology located in New York City. "While these stats are alarming, they are also preventable. When it comes to skin cancer, prevention and early detection is everything. This means scheduling your annual skin health exams with a board-certified Dermatologist and wearing a broad-spectrum sunscreen daily on all parts of the body."
"Our commitment has always been to support physicians and the vital role they play in patient care and we do this not only by developing a wide array of wearable sunscreen formulations to choose from, but also through education," says Echo Sandburg, Chief Brand Officer, CP Skin Health. "This year for Skin Cancer Awareness Month, we are expanding our Head, Shoulders, Knees & Toes campaign launched last year to include an effort that highlights the importance of early detection, encouraging everyone to look closely as they check their skin from head to toe. By paying attention to what can easily be missed, we can better protect our skin and help reduce the risk of developing skin cancer."
To help drive awareness on the importance of taking a proactive approach to sun safety, EltaMD has partnered with professional dancer and melanoma skin cancer survivor, Witney Carson of Dancing With The Stars."When I was diagnosed with melanoma nine years ago, it was a wakeup call," says Witney. "Until this experience, I didn't realize that people in their 20s could get skin cancer, or that I could get it on my foot! But the reality is everyone is at risk to the harmful effects of the sun, especially when skin is unprotected. Today, my family and I make it a priority to apply and reapply through the day a broad-spectrum sunscreen to all parts of the body, most especially the often-overlooked areas like ears, nose, lips, hands, and yes, even the tops of our feet!"
Starting May 2, Melanoma Monday, consumers can participate in the EltaMD Head, Shoulders, Knees, and Toes Sweepstakes hosted on the site, for a chance to win a complete Sun Prize Pack with sun protection from your head to your toes. Also starting in May, EltaMD will spread a sun safety message around the country by sponsoring mobile skin cancer education and screening programs, including the Skin Cancer Foundation Destination Healthy Skin Tour and the Colorado Melanoma Foundation Sun Bus Tour visiting more than 60 US cities. Follow @eltamdskincare on Instagram, watch the campaign video or visit eltamd.com/skincancerawareness to learn more.
About EltaMD® Skin Care
EltaMD knows you're with your skin for life, so you need skincare that is too. At EltaMD, we make professional sun and skin care that's loved by skin and trusted by Dermatologists. In fact, EltaMD, isn't just the #1 Dermatologist-recommended professional sunscreen brand, it's the brand they most personally use. We've spent over 30 years developing safe and effective products designed to feel weightless and proven to protect, heal and renew skin. Because we're in it for life. For more information: www.eltamd.com.
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SOURCE EltaMD | https://www.whsv.com/prnewswire/2022/05/03/eltamd-partners-with-dermatologists-celebrity-dancer-witney-carson-its-head-shoulders-knees-amp-toes-campaign-during-skin-cancer-awareness-month/ | 2022-05-03T01:28:47Z |
SÃO JOSÉ DOS CAMPOS, Brazil, May 2, 2022 /PRNewswire/ -- Embraer S.A. (B3: EMBR3, NYSE: ERJ) informs its shareholders and the market that the transaction relating to the sale, by its subsidiary Embraer Portugal S.A., of the total equity interest in the companies Embraer Portugal Estruturas Metálicas S.A. and Embraer Portugal Estruturas em Compósitos S.A. to Aernnova Aerospace Corporation, SA, disclosed in the Material Fact of January 12, 2022, was concluded on this date, after the fulfillment of the conditions contractually agreed between the parties.
São José dos Campos, May 2, 2022.
Antonio Carlos Garcia
Executive Vice-President and CFO
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SOURCE Embraer S.A. | https://www.whsv.com/prnewswire/2022/05/03/embraer-sa-material-fact-strategic-partnership/ | 2022-05-03T01:28:55Z |
VIENNA, Va., May 2, 2022 /PRNewswire/ -- With more than 24 million Americans living with asthma and 50+ million with allergies, it's vital they have greater access to medical care and insurance to help ensure successful health outcomes. A safe and expedited approval process for new medical treatments in the United States is also critical to support patients' needs.
These are among the top issues at Allergy & Asthma Network's 25th annual Allergy & Asthma Day Capitol Hill (AADCH) on May 3-4 in Washington, DC. The event will be held both in person and virtually. The theme this year is "Access, Affordability and Innovation."
During AADCH, patients, families, advocates, healthcare professionals and industry partners canvas Capitol Hill to meet with federal legislators and their staff. The goal is to help raise awareness of and discuss legislation to end needless death and suffering due to asthma, allergies and related conditions.
This year, Allergy & Asthma Network has scheduled in-person and virtual visits with members of Congress and policymakers. The Network will also host its annual Congressional Lunch Briefing on May 4 at 12 noon ET. It will feature the Congressional Asthma & Allergy Caucus, presentations from leading allergists, the National Institutes of Health (NIH) and the U.S. Environmental Protection Agency (EPA), and patient testimonials.
"We're excited to head to Capitol Hill in person this year to advocate for legislation and policies that put patients' needs first," says Allergy & Asthma Network President and CEO Tonya Winders. "Expanding access to high-quality, affordable care will help ensure successful health outcomes, especially for those who live in underserved communities. Black, Hispanic/Latino and Native American patients with asthma or COVID-19 are at higher risk for hospitalization and death.
"We also need greater access to innovative therapies and health technologies, such as biologic medications, immunotherapy, telehealth and remote patient monitoring."
In addition to access to care, Allergy & Asthma Network urges Congress to support a host of bills under consideration. These include:
- Elijah E. Cummings Family Asthma Act – expands federal and state efforts to improve care nationwide for people living with asthma
- Food Labeling Modernization Act – improves food labeling for people living with food allergies.
- Safe Step Act – requires health plans to provide an exception process for any medication considered for step therapy.
Allergy & Asthma Network advocates for federal funding in support of asthma and allergy programs at NIH, U.S. Centers for Disease Control and Prevention (CDC), and EPA, among others. For a complete list of AADCH issues and priorities, visit our Advocacy Center at https://advocacy.allergyasthmanetwork.org.
Virtual advocates are invited to tune into the Congressional Lunch Briefing livestream on May 4, starting at 12 noon ET. They are also asked to send letters and emails to members of Congress and post on social media throughout May 4 using #AADCH2020. Register for the livestream at AADCH.org.
"The more advocates who connect with legislators, the more powerful our voice and the greater our impact," Winders says.
About Allergy & Asthma Network
Allergy & Asthma Network is the leading nonprofit patient outreach, education, advocacy and research organization for people with asthma, allergies and related conditions. Our patient-centered network unites patients, families, caregivers, health professionals, industry partners and government decision makers to improve health and quality of life for all people with asthma and allergies. We specialize in making medically accurate health information understandable to all while promoting evidence-based standards of care. Learn more at AllergyAsthmaNetwork.org.
Contact: Gary Fitzgerald
Allergy & Asthma Network
703-641-9595
gfitzgerald@AllergyAsthmaNetwork.org
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SOURCE Allergy & Asthma Network | https://www.whsv.com/prnewswire/2022/05/03/expanding-access-care-is-among-key-issues-allergy-amp-asthma-day-capitol-hill-may-3-4/ | 2022-05-03T01:29:01Z |
—Solid performance of both commercial and financial businesses generates a 20% increase in consolidated revenue, to Ps.37,532 million—
—Firm growth in the consolidated loan portfolio of Grupo Elektra; increases 17%, to Ps.142,964 million—
MEXICO CITY, May 2, 2022 /PRNewswire/ -- Grupo Elektra, S.A.B. de C.V. (BMV: ELEKTRA* Latibex: XEKT), Latin America's leading specialty retailer and financial services company, and the largest non-bank provider of cash advance services in the United States, today announced first quarter 2022 financial results.
First quarter results
Consolidated revenue grew 20% to Ps.37,532 million in the period, compared to Ps.31,385 million in the same quarter of the previous year. Operating costs and expenses were Ps.31,911 million, from Ps.25,951 million in the same period of 2021.
As a result, EBITDA was Ps.5,622 million, compared to Ps.5,435 million a year ago. Operating income was Ps.2,606 million this quarter, from Ps.3,493 million in the same period of 2021.
The company reported a net loss of Ps.4,615 million, compared to a net profit of Ps.3,048 million a year ago.
Revenue
Consolidated revenue increased 20% in the period, as a result of a 21% growth in financial income and an 18% increase in commercial sales.
The increase in financial income — to Ps.21,715 million, from Ps.18,002 million in the previous year — reflects a 33% increase in revenue from Banco Azteca México, in the context of strong growth in the gross loan portfolio in the period, which boosts the well-being of millions of families and the progress of thousands of businesses.
The increase in sales of the commercial business — to Ps.15,817 million, from Ps.13,383 million a year ago — reflects solid growth in motorcycle sales — which strengthen the productivity of businesses and the mobility of families — home appliances — which promotes well-being in a growing number of households — and telephony, which is commercialized with optimal customer service, in the most competitive conditions.
Costs and expenses
Consolidated costs for the quarter grew 23%, to Ps.16,791 million, from Ps.13,601 million in the previous year, as a result of a 25% increase in commercial costs — consistent with higher revenues from the sale of merchandise — and a 20% increase in the cost of the financial business, largely due to rise in the allowance for credit risks —given the strong growth of the gross loan portfolio in the period — as well as higher interest paid, in line with rising market rates.
Selling, administration and promotion expenses were Ps.15,120 million, from Ps.12,350 million a year ago, as a result of higher operating and advertising expenses, in the context of the development of initiatives that will further boost the company's growth prospects.
EBITDA and net result
EBITDA was Ps.5,622 million, from Ps.5,435 million the previous year. The company reported operating income of Ps.2,606 million, compared to Ps.3,493 million in the same quarter of 2021.
The main variations below EBITDA were as follows:
Ps.805 million of other expenses, compared to other income of Ps.87 million a year ago, due to impairment of intangible assets of Purpose Financial this period, consistent with the company's financial performance and outlook.
Ps.9,903 million decrease in other financial results, which reflects a 17% loss this quarter in the market value of the underlying financial instruments held by the company — and which does not imply cash flow — compared to a gain of 4% a year ago.
Consistent with the results of the quarter, a decrease of Ps.3,055 million was registered in the tax provision in the period.
Grupo Elektra reported a net loss of Ps.4,615 million, from a net income of Ps.3,048 million in the same quarter of the previous year.
Unconsolidated Balance Sheet
A pro forma exercise of the balance sheet of Grupo Elektra is presented, excluding the net assets of the financial business, whose investment is valued under the equity method, in this case.
This presentation shows the debt of the company without considering Banco Azteca's immediate and term deposits, which do not constitute debt with cost for Grupo Elektra. The pro forma balance sheet also does not include the bank's gross loan portfolio.
This pro forma exercise provides greater clarity regarding the businesses that make up the company and allows financial market participants to estimate the value of the company, considering only the relevant debt for such calculations.
Consistent with this, the debt with cost was Ps.32,525 million as of March 31, 2022, compared to Ps.34,802 million of the previous year.
During the second quarter of 2021, Ps.2,030 million of Certificados Bursatiles Fiduciarios were amortized in advance. The amount corresponded to the unpaid balance of the DINEXCB 16 issues — for Ps.1,350 million due in 2023 with a rate of TIIE + 2.8% — and DINEXCB 16–2 for Ps.680 million, due in 2026 with a fixed rate of 8.8%.
The balance of cash and cash equivalents was Ps.6,691 million, from Ps.17,230 million in the previous year. As a result, net debt as of March 31, 2022 was Ps.25,834 million, compared to Ps.17,572 million a year ago.
As of March 31, 2022, the company's stockholders' equity was Ps.99,059 million, and the ratio of stockholders' equity to total liabilities was 1.37 times.
Consolidated Balance Sheet
Loan Portfolio and Deposits
As of January 1, 2022, in accordance with current regulations, Banco Azteca México adopted NIIF-9 ('Financial Instruments') and NIIF-16 ('Leases'), contained in the International Financial Reporting Standards (IFRS) to report its financial statements.
The main changes this quarter, as a result of the adoption, are: (i) growth of the balance of the consumer credit portfolio of Ps.11,950 million (registered at amortized cost under the effective interest rate method); (ii) increase in the balance of the allowance for credit risks for Ps.2,375 million, (recognition of the expected loss instead of the loss incurred for its calculation); (iii) increase in right-of-use assets and lease liabilities; as well as (iv) increase in the amount of accumulated results for Ps.6,261 million, derived from the recording of the previous effects. As a result of the aforementioned changes, the capitalization ratio at the end of the period grew by approximately 191 basis points.
The consolidated gross portfolio of Banco Azteca México, Purpose Financial and Banco Azteca Latin America as of March 31, 2022, grew 17%, to Ps.142,964 million, from Ps.122,091 million in the previous year. The consolidated delinquency rate was 4.6% at the end of this period, compared to 3.4% the previous year.
Banco Azteca México's gross portfolio balance increased 29% to Ps.135,721 million, from Ps.105,396 million a year ago. The Bank's delinquency rate at the end of the quarter was 4.2%, compared to 3.4% a year earlier.
Grupo Elektra's consolidated deposits grew 3%, to Ps.195,383 million, compared to Ps.189,105 million a year ago. Banco Azteca México's traditional deposits were Ps.192,166 million, from Ps.190,614 million the previous year.
Banco Azteca México's ratio of deposits to gross portfolio was 1.4 times, which allows solid growth for the Bank, with optimal funding cost.
The estimated capitalization ratio of Banco Azteca México was 16.54%.
Infrastructure
Grupo Elektra currently has 6,235 points of contact, compared to 6,736 units the previous year. The decrease derives mainly from the closure of 265 Purpose Financial points of contact in the United States — in the context of strategies aimed at boosting online credit operations and strengthening the company's operational efficiency.
The company has 4,736 storefronts in Mexico at the end of the quarter, 1,133 in the United States, and 366 in Central America. The important distribution network allows the company to maintain close contact with customers and grants a superior market positioning in the countries where it operates.
Company Profile:
Grupo Elektra is Latin America's leading financial services company and specialty retailer and the largest non-bank provider of cash advance services in the United States. The group operates more than 6,000 points of contact in Mexico, the United States, Guatemala, Honduras and Panama.
Grupo Elektra is a Grupo Salinas company (www.gruposalinas.com), a group of dynamic, fast growing, and technologically advanced companies focused on creating: economic value through market innovation and goods and services that improve standards of living; social value to improve community wellbeing; and environmental value by reducing the negative impact of its business activities. Created by Mexican entrepreneur Ricardo B. Salinas (www.ricardosalinas.com), Grupo Salinas operates as a management development and decision forum for the top leaders of member companies. These companies include TV Azteca (www.TVazteca.com; www.irtvazteca.com), Grupo Elektra (www.grupoelektra.com.mx), Banco Azteca (www.bancoazteca.com.mx), Purpose Financial (havepurpose.com), Afore Azteca (www.aforeazteca.com.mx), Seguros Azteca (www.segurosazteca.com.mx), Punto Casa de Bolsa (www.puntocasadebolsa.mx), Totalplay (irtotalplay.mx; www.totalplay.com.mx) and Totalplay Empresarial (totalplayempresarial.com.mx). TV Azteca and Grupo Elektra trade shares on the Mexican Stock Market and in Spains' Latibex market. Each of the Grupo Salinas companies operates independently, with its own management, board of directors and shareholders. Grupo Salinas has no equity holdings. The group of companies shares a common vision, values and strategies for achieving rapid growth, superior results and world-class performance.
Except for historical information, the matters discussed in this press release are concepts about the future that involve risks and uncertainty that may cause actual results to differ materially from those projected. Other risks that may affect Grupo Elektra and its subsidiaries are presented in documents sent to the securities authorities.
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SOURCE Grupo Elektra, S.A.B. de C.V. | https://www.whsv.com/prnewswire/2022/05/03/grupo-elektra-announces-ebitda-ps5622-million-operating-profit-ps2606-million-first-quarter-2022/ | 2022-05-03T01:29:07Z |
TORONTO, May 2, 2022 /PRNewswire/ - Ikänik Farms, Inc. (CSE: IKNK.U) (FSE: DFMA) (the "Company" or "Ikänik Farms") announces that it will not be in a position to file its audited consolidated annual financial statements, the accompanying management's discussion and analysis and related CEO and CFO certifications for the year ended December 31, 2021 (the "Annual Financial Filings") by the May 2, 2022 filing deadline (the "Deadline") due to a combination of internal and external delays associated with the preparation and audit process as a result of a number of factors, including the recent downsizing of the Company in California where it maintains its corporate accounting, the departure of the Company's Controller, the onboarding and integration of the Company's new Controller into its corporate systems, the [capacity and limited availability of the Company's auditor and unanticipated complexities with the completion of the Annual Financial Filings.
The Company has been informed by the Ontario Securities Commission (the "OSC") that it is not eligible for a management cease trade order under National Policy 12-302 – Cease Trade Orders for Continuous Disclosure Defaults and, accordingly, the OSC will be issuing a failure-to-file cease trade order under National Policy 11-207 – Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions affecting all the Company's securities following the Deadline.
The Company's management and team members are moving expeditiously to complete the Annual Financial Filings which it anticipates will be filed prior to June 24, 2022. The Company is engaging a third-party service and advisory company to assist with the field work and audit evidence for its operations in Colombia and changes to the Company's corporate accounting processes, consolidation of systems and location.
"The timing of this cease trade order does not take away from the Company's momentum and recent results to transition operations away from its assets in California to the production and sale of certified pharmaceutical grade THC dry cannabis flower and derivatives from its indoor cultivation facility "Pideka" in Bogotá, Colombia, where Pideka has market leadership" said Mr. Sanz de Madrid, CEO.
Highlights of the Company's recent developments include the:
The Company will make further announcements with respect to the status of the Audited Financial Statements and changes to its accounting practices.
Ikänik Farms is multi-national operator with a medical grade indoor cultivation facility and laboratory (Pideka) in Colombia which holds GMP-PHARMA and (GACP) Good Agricultural and Collection Practice certifications, and a retail operation in California.
This news release includes "forward-looking information" and "forward-looking statements" within the meaning of Canadian securities laws and United States securities laws (together, "forward-looking information). All information, other than statements of historical facts, included in this news release that address activities, events or developments that the Company expects or anticipates will or may occur in the future is forward-looking information. When used in this news release, words such as "will", "could", "plan", "estimate", "expect", "intend", "may", "potential", "believe", "should", and similar expressions, are forward-looking information, including, but not limited to: statements with respect to the Audited Financial Statements, including the anticipated delay in filing the Audited Financial Statements and timing to complete the Company's audit and the anticipated closing of the proposed private placement financing.
Although the Company has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking information, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: changes in laws, a change in management and the inability to obtain additional financing.
There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the results or events predicted in the forward-looking information may differ materially from actual results or events.
Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information in this news release is made as of the date of this release. The Company disclaims any intention or obligation to update or revise such information, except as required by applicable law, and the Company does not assume any liability for disclosure relating to any other company mentioned herein.
Related Links
https://ikanikfarms.com
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SOURCE Ikanik Farms Inc. | https://www.whsv.com/prnewswire/2022/05/03/iknik-farms-announces-late-filing-2021-annual-financial-statements/ | 2022-05-03T01:29:14Z |
First time in Japan for a celebrity to join in an NFT project!
TOKYO, May 2, 2022 /PRNewswire/ --It is officially announced that KSK Angel Fund LLC will join in the "FLOWER LOLITA" project, an NFT collection originated in Japan and operated by Art Sensor Inc., as an investor and Co-Founder.
NFT is also known as a combination of digital data, which can be owned, and blockchain technology, which cannot be tampered with or altered.
There have been times in the past when celebrities have made headlines as purchasers of NFT collections. However, Keisuke Honda, who is internationally active, has decided to join the management and promotion side of the NFT Collection as a founder for the first time in Japan, and we believe that he will contribute to further raising awareness of NFT and expanding the market.
The future presented by this collection
FLOWER LOLITA is a unique collection consisting of 6,666 NFTs, each with a different expression and ornamentation. This kind of NFT collection is called a generative collection.
Recent examples of generative collections include "Shinsei Galvers," a domestic project with a total transaction value of approximately 1.3 billion yen, and "Neo Tokyo Punks," a domestic project with a total transaction value of approximately 400 million yen.
We are confident that "FLOWER LOLITA," which we are offering this time, has similar market potential, and we also emphasize the importance of the project's expansion through the activation of the DAO community among its owners.
As part of the roadmap for the stimulation of the DAO community, the creation of 3D art for NFT owners is also planned. In the metaverse space, which is currently expanding its market significantly, 3D art will become indispensable as one's avatar. The creation of 3D art for the NFT Collection is intended to be based on such future-oriented content.
Furthermore, we feel that the presence of Keisuke Honda, who will be participating in this project, will have a significant impact on the stimulation of the community. We expect that this project will help to expand awareness of NFT and blockchain to people who have not had contact with these areas before, and will provide them with an opportunity to join the community.
FLOWER LOLITA is a Japan-based NFT project that aims to increase awareness of NFT and blockchain technology, enhance the project, improve the quality of the collection, and return profits to the participants.
About The Team
Atsushi Ishikawa / founder
Representative Director of Art Sensor Inc. He has experience in founding and selling various businesses. He is also involved in contemporary art projects, and is an entrepreneur with a variety of activities such as hosting exhibitions and ART media.
Keisuke Honda / Co-founder
Professional soccer player & coach, entrepreneur and investor. As an investor, he has invested in over 180 domestic and international startups with his personal fund "KSK Angel Fund". In 2018, he co-founded "Dreamers Fund" with actor Will Smith.
Twitter: https://twitter.com/kskgroup2017
Kenichi Mogi / Blockchain Engineer
Graduated from Aoyama Gakuin University Graduate School. Representative of development company Gashfara,Inc. He has experience in original game production at Enix and artificial intelligence development (company acquisition) with SmallTalk. Currently, he teaches at Digital Hollywood Graduate School and is an engineer who invests in various startups as an angel investor.
Hayatti/ adviser
The founder of "Love Addicted Girls," whose VT exceeded 517 ETH, and "AstarCats," an NFT project that sold out 4,000 units within 2 minutes of the start at Astar Network, the first project of its kind in Japan. He is also active as an advisor for NFT collections.
Twitter account: https://twitter.com/HayattiQ
Message from Keisuke Honda
I believe that anime and manga, which are well-established in Japanese culture, have a high affinity with NFT and are areas where Japan has a high potential to win. The greatest appeal of the "Flower Lolita" project is its content, and I believe it can compete on a global scale. I am confident that Web3 will continue to expand in the future, and I am looking forward to seeing how NFT will challenge the world first
About FLOWER LOLITA
Flower Lolita is an NFT project consisting of a unique collection of 6666 NFTs. Having DAO, a Web3-like organization, in mind, it plans to launch a variety of products, including blockchain games and 3D avatar creation, starting with the launch of NFT. Celebrities will be added to the team to further accelerate the development of the project. Through participation in Discord and the NFT purchasing experience, you can join a group of investors and NFT enthusiasts who believe in the future of cryptocurrency and blockchain technology.
Launch: May 22, 2022
WL: 0.05 ETH (pre-sale) Public: 0.07 ETH (public sale)
If you are interested in purchasing FLOWER LOLITA and do not know how to buy NFT, please feel free to contact us via direct mail on Twitter.
Official website: https://www.flowerlolita.io
Official Twitter: https://twitter.com/flowerlolitanft
Official Discord: https://discord.com/invite/flowerlolita
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SOURCE Art Sensor Inc. | https://www.whsv.com/prnewswire/2022/05/03/keisuke-honda-joined-nft-project-flower-lolita/ | 2022-05-03T01:29:20Z |
ALEXANDRIA, Va., May 2, 2022 /PRNewswire/ -- National PTA is pleased to announce the winners of its 2021-2022 Reflections® student art program. The awards honor creative interpretations of the theme "I Will Change the World By…" in the categories of dance choreography, film production, literature, music composition, photography and visual arts as well as a special artist division. Seven students have been honored with the Outstanding Interpretation Award, and over 200 students have been recognized with Awards of Excellence and Merit. Students representing 39 states were selected for national-level recognition.
The Outstanding Interpretation Award recipients are:
Arsal Shaur
Country Parkway PTA, New York
Photography: "I Can Change the World by Enlightening Others with Knowledge"
Dao Nguyen
Castillero Middle School PTA, California
Literature: "Dandelion"
James Jordan
Syracuse High PTSA, Utah
Special Artist/Music Composition: "Change the World Right"
Jasmine Roldan
Hicksville High School PTSA, New York
Visual Arts: "Say Their Names"
Oviya Gowder
James Clemens High School PTSA, Alabama
Dance Choreography: "Save The Children"
Sonia Singh
Acadia PTA, New York
Music Composition: "Rainbow"
Yasmeen Fahs
Rowan Elementary PTA, Pennsylvania
Film Production: "Reduce, Reuse and Recycle"
"Participating in the arts helps students explore their own thoughts, feelings and ideas; develop artistic literacy; increase confidence; and find a love for learning that will help them become more successful in school and in life," said Anna King, president of National PTA. "We are thrilled to recognize the Outstanding Interpretation Award and Awards of Excellence and Merit recipients, and we applaud all of the students who participated in the Reflections program this school year."
The Outstanding Interpretation Award recipients will each receive an $800 scholarship to further their artistic talents, and their local PTA will be awarded $200 to support arts and culture in their community. Award of Excellence recipients will receive a $200 scholarship. All national award recipients receive celebration materials including a medallion and certificate and will be featured in virtual celebrations and exhibits.
Each year, the National PTA Reflections program encourages students of all ages to create and submit original works of art in the medium of their choice that reflect on the annual theme. Submissions are reviewed by arts experts, and students are recognized for their artistic technique and ingenuity in bringing the theme to life. Hundreds of thousands of students in pre-K through grade 12 from across the country and in U.S. schools overseas created original works of art as part of the 2021-2022 Reflections program.
The National PTA Reflections program is sponsored by Proud National PTA Sponsor BAND, a free group communication app used by PTAs to connect with members, plan in-person and virtual events, and increase family engagement.
"National PTA has a long-standing commitment to arts education, and it is a top priority of our association to ensure all children have access to arts programs and classes," added Nathan R. Monell, CAE, National PTA executive director. "The Reflections program provides opportunities for access to the arts, and we appreciate BAND's support of the program."
About National PTA
National PTA® comprises millions of families, students, teachers, administrators, and business and community leaders devoted to the educational success of children and the promotion of family engagement in schools. PTA is a registered 501(c)(3) nonprofit association that prides itself on being a powerful voice for all children, a relevant resource for families and communities, and a strong advocate for public education. Membership in PTA is open to anyone who wants to be involved and make a difference for the education, health, and welfare of children and youth. For more information, visit PTA.org.
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SOURCE National PTA | https://www.whsv.com/prnewswire/2022/05/03/national-pta-honors-student-artists-across-country-their-talents-creativity/ | 2022-05-03T01:29:27Z |
LEAD PLAINTIFF DEADLINE IS JUNE 7, 2022
NEW YORK, May 2, 2022 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a federal securities class action lawsuit has been filed against Playstudios, Inc. (NASDAQ: MYPS) ("Playstudios") in the United States District Court for the Northern District of California on behalf of on behalf of those who:
- purchased, or otherwise or acquired Playstudios securities pursuant to the PIPE offering;
- held common stock of Acies as of May 25, 2021, and were eligible to vote at Acies' June 16, 2021 special meeting; and/or
- purchased or otherwise acquired Playstudios common stock pursuant to or traceable to the Acies' Registration Statement and Proxy Statement issued in connection with the June 2021 Merger ("Class Definition").
All investors who purchased the shares of Playstudios, Inc. and incurred losses are advised 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 Playstudios, Inc. you may, no later than June 7, 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 Playstudios, Inc.
PLEASE CLICK HERE TO JOIN THE CASE
The filed complaint alleges that Defendants made material misrepresentations and omitted material facts in various documents, including, but not limited to a proxy statement used to solicit Acies investor votes, and prospectuses, as well as during investor earnings calls. These misrepresentations and omissions concerned, among other things, financial projections and the status of a game called Kingdom Boss.
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.
Contact:
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.whsv.com/prnewswire/2022/05/03/playstudios-inc-class-action-alert-wolf-haldenstein-adler-freeman-amp-herz-llp-announces-that-securities-class-action-lawsuit-has-been-filed-united-states-district-court-northern-district-california-against-playstudios-inc/ | 2022-05-03T01:29:33Z |
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