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Group Releases Report on Early Childhood Education in Jefferson Parish
METAIRIE – In partnership with Start Early, Jefferson Ready Start Network has released results from a study of Jefferson Parish early care and education that makes the case for an increased supply of high-quality, accessible and affordable early learning services, particularly for infants and toddlers.
“Access to early education is essential for the success of our children and our community at large,” said Sarintha Stricklin, Ph.D., executive director of JRSN. “We were excited to work with Start Early on this research to spark conversation and guide our planning to increase successful outcomes in Jefferson Parish.”
The purpose of the analysis was to inform strategy, guide planning and drive implementation to increase equitable access to high-quality early learning services. The project included collection and analysis of existing public data regarding availability, quality and accessibility of services. Start Early conducted additional research through focus groups, surveys and interviews with key economic partners and families, including a concentration on the underrepresented Latino community.
The report findings conclude there is a need for increased supply of high-quality, accessible and affordable early learning services, particularly for infants and toddlers. The biggest barriers for early childhood education include cost, child care supply and language, among others.
With this in-depth understanding of the state of early care and education in the parish, JRSN will continue its work with key stakeholders aimed at targeting the following specific goals:
- Expand access by increasing subsidies and subsidy participation
- Explore opportunities to increase infant and toddler seats
- Develop a community-targeted approach to supply
- Conduct targeted quality study and implement improvements
- Build a diverse, supported and sustainable workforce
- Expand access by reducing language barriers
- Develop an outreach and marketing plan for target families
“As we look to the future, we are confident that these ideas will improve opportunities for young children, their families and our community. We will continue to work to build a more equitable and accessible early learning ecosystem for the children and families it serves. This analysis serves as the next step in that endeavor,” said Stricklin.
The complete Jefferson Parish Early Learning: Capacity and Access Landscape Analysis can be downloaded here.
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https://www.bizneworleans.com/group-releases-report-on-early-childhood-education-in-jefferson-parish/
| 2022-04-20T09:35:15Z
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How to Prevent Your Money from Becoming Unclaimed Property
BATON ROUGE – From the Louisiana Department of Treasury:
Louisiana State Treasurer John M. Schroder administers the state’s Unclaimed Property Program that works to connect owners with their lost and forgotten assets. Common examples of unclaimed property include unpaid life insurance benefits, forgotten bank accounts, uncashed payroll checks, stock dividends, and utility deposit refunds. The Unclaimed Property Program allows the public to easily search for and claim their unclaimed property at no cost.
“Louisiana has one of the most successful unclaimed property programs in the nation thanks to hard-working staff, advances in technology, and an easy-to-navigate website for citizens to search and claim their funds,” said Schroder. “Right now, we have more than $900 million waiting to be claimed, and we are constantly getting new money. Our focus is to return funds to the rightful owners; however, it is equally important to understand what can be done to keep money from being turned over to our Unclaimed Property Program in the first place.”
During Financial Literacy Month, Schroder offers these tips to help prevent money from becoming Unclaimed Property:
- Keep your mailing address current for all accounts, services, and subscriptions. If you move, be sure to update everything, including online services and subscriptions.
- Don’t forget to update your email address if it changes. Think about all the accounts or subscriptions you have where email is their only means of contacting you.
- Open your mail, even if it appears to be junk. Companies are required to send a written notice before sending money to you.
- Don’t let your savings or investment accounts go dormant – if nothing else, make at least a small deposit or withdrawal every year.
- If you have a bank account with online access and a password, be sure to log on at least once a year.
- If you move and change utility services, be sure to provide your new address to the utility company.
- Did you know that a change of address/forwarding order at the Post Office does not apply to checks? If a company mails you a check to your old address after you have moved, it may be returned to the sender instead of being forwarded to your new address.
- Cash small dividend checks. If you have stock in a dividend-paying company, an uncashed check is an indication that you are lost. After three years, the underlying security is subject to being sent to us as Unclaimed Property.
- Is your family aware of your assets? Almost a third of what we pay goes to estates, and the money is usually in our custody because the family was unaware.
- Is there a record of your life insurance policies? Life insurance death benefits come to us if no claim is made at the time of death.
Schroder said Louisiana has one of the leading Unclaimed Property programs in the country regarding how much is paid out to citizens versus how much is collected. In FY 2021, $101.8 million was collected from businesses, so that $70.2 million paid out represented almost 70% of the amount received. The program was recently named the 2022. Members’ Choice Unclaimed Property State of the Year by the Unclaimed Property Professionals Organization.
Search at www.LACashClaim.org or call (888) 925-4127 to see if money is owed to you.
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https://www.bizneworleans.com/how-to-prevent-your-money-from-becoming-unclaimed-property/
| 2022-04-20T09:35:21Z
|
IBM to Conduct Tech Job Interviews at Baton Rouge Career Fair
BATON ROUGE – From Louisiana Economic Development:
Global technology giant IBM is partnering with LED FastStart to host an in-person career fair that connects qualified candidates to opportunities at the IBM Baton Rouge Client Innovation Center.
The interview event will take place from 9:30 a.m. to 1:30 p.m. Saturday, April 23 at Baton Rouge Community College. Job seekers can register in advance here to secure an interview slot, or in person at BRCC’s Bienvenue Student Center, located at 201 Community College Drive, on the day of the event. Attendees are asked to bring three copies of their résumé to the career fair.
IBM will be providing feedback on next steps within 48 business hours of the event. Company representatives will conduct initial screenings and interviews with both early and mid- to senior-career candidates who have proficiency in one or more of the following areas:
- Analytics
- Enterprise applications
- Interactive experience and mobile
- Application development
- Python
- Java
- SAP
- SQL
- Oracle
- Big Data
“IBM is very excited to be doing our first live and in-person recruiting event since the start of COVID,” IBM Talent Acquisition Manager Allan Dudley said.
LED FastStart hosts numerous virtual and in-person career fairs each year covering a range of industries, from digital/tech to manufacturing.
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https://www.bizneworleans.com/ibm-to-conduct-tech-job-interviews-at-baton-rouge-career-fair/
| 2022-04-20T09:35:27Z
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Louisiana Credit Union League Selects Matt Rookard as Next CEO
NEW ORLEANS – The Louisiana Credit Union League board of directors has selected Matt Rookard as the organization’s next president and CEO. Rookard joins LCUL following the departure of Bob Gallman, who retired in March after serving more than 40 years.
Rookard has worked in the public, private and nonprofit sectors throughout the state, most recently serving as president/CEO of the Terrebonne Economic Development Authority. Prior to this role, he served as senior vice president of business development at Greater New Orleans Inc. and project manager at Louisiana Economic Development.
“The League Board believes Matt is very much aligned with our collective values, culture and shared vision for the organization. We are confident he will provide the strategic leadership, advocacy and innovative support necessary to advance Louisiana credit unions,” said Steve Webb, vice chair of the LCUL’s board of directors and president/CEO of Neighbors FCU in Baton Rouge. “Working together, we look forward to strengthening and expanding our footprint throughout Louisiana.”
Rookard earned a Bachelor of Science in business administration from Louisiana Tech University and is a graduate of University of Oklahoma’s Economic Development Institute. Professional honors include establishing the Bayou Business Recovery Grant Program, a $500,000 grant fund for small businesses in Terrebonne Parish, and the creation of the Bayou Business Community Housing initiative, which donated 45 travel trailers to families in south Louisiana after Hurricane Ida. His accomplishments are said to have resulted in 44 announced projects representing $3.4 billion in capital investments and over 10,000 direct jobs.
“I am fortunate to be taking the helm of a strong, well-respected association,” said Rookard. “My vision is to build on that history and help credit unions throughout the state deliver on their mission. Our top priority is to ensure that the League remains a valuable resource for its members, focusing on both our advocacy work and the accessibility of new technology for our members.”
The selection of Rookard followed an extensive national search conducted by D. Hilton Associates in close conjunction with the board. He will officially step into the new role on May 2.
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https://www.bizneworleans.com/louisiana-credit-union-league-selects-matt-rookard-as-next-ceo/
| 2022-04-20T09:35:33Z
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Olin: Nobody Hurt in Fire, Chlorine Leak at Louisiana Plant
PLAQUEMINE, La. (AP) — The Louisiana Department of Environmental Quality and Olin Corp. were monitoring the air Tuesday morning at and around a plant where a fire and leak sent a huge cloud of chlorine out of a chemical plant near Baton Rouge.
No injuries have been reported, said a statement emailed to The Associated Press on Tuesday for Olin Corp.
“Monitoring indicates there is currently no risk of offsite exposure; however, we will continue to monitor the entire area out of an abundance of caution,” the company said.
State regulators said a compressor caught fire and leaked liquid chlorine, The Advocate reported.
Olin would not comment on whether a compressor caught fire. “Once all work is safely completed, we will conduct a thorough analysis to identify the cause of the event,” its statement said.
Inspectors hadn’t detected chlorine in the community since 6:15 a.m. Tuesday, department press secretary Greg Langley told the newspaper.
Residents in the Plaquemine area were ordered to shelter in place Monday night but got the “all clear” early Tuesday, news outlets reported. Residents had been told to stay inside, turn off air conditioners, and close their windows and doors.
Authorities said the fire and leak were in an Olin Chlor Alkali plant inside the larger Dow Chemical Co. complex. Olin officials said nobody was hurt, the newspaper reported.
Liquid chlorine leaked out and pooled on the ground, where it quickly turned into a gas, Department of Environmental Quality officials said. Chlorine’s boiling point is -29 degrees Fahrenheit -29
Langley said Tuesday that residual releases continued Tuesday from liquid chlorine still pooled on the ground, leading to residual fence line detections of low concentrations of chlorine.
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https://www.bizneworleans.com/olin-nobody-hurt-in-fire-chlorine-leak-at-louisiana-plant/
| 2022-04-20T09:35:39Z
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Arbery’s killers scheduled for August hate crimes sentencing
SAVANNAH, Ga. (AP) - The white men convicted of hate crimes for chasing and killing Ahmaud Arbery as he ran in their Georgia neighborhood have been scheduled for sentencing this summer in federal court.
U.S. District Court Judge Lisa Godbey Wood scheduled Aug. 1 sentencing hearings for all three men. Father and son Greg and Travis McMichael and their neighbor, William “Roddie” Bryan, each face a maximum penalty of life in prison in connection with the 2020 death of the 25-year-old Black man.
It’s possible the sentencing date could change. Citing a scheduling conflict, prosecutors asked the judge in a legal filing Tuesday to push back the hearings until sometime after Aug. 6.
The McMichaels and Bryan are already serving life sentences in Georgia after being convicted of murder in a state court last fall. The trio stood trial a second time in federal court, where they were found guilty in February of committing hate crimes after a jury concluded Arbery’s killing was motivated by race.
The McMichaels armed themselves and used a pickup truck to chase Arbery on Feb. 23, 2020, after spotting him running in their neighborhood just outside the Georgia port city of Brunswick. Bryan joined the pursuit and recorded cellphone video of Travis McMichael blasting Arbery with a shotgun.
The McMichaels told investigators they suspected Arbery was a burglar and were trying to detain him for police. Travis McMichael said he opened fire in self-defense as Arbery threw punches and grabbed for his shotgun.
No arrests were made until more than two months after the killing, when the graphic cellphone video leaked online and the Georgia Bureau of Investigation took over the case from local police. Arbery’s death became part of a broader reckoning on racial injustice in the criminal legal system after a string of fatal encounters between Black people and police.
While the life sentences handed down in the state’s murder case made the hate crimes trial that followed largely symbolic, federal prosecutors used the second trial to reveal how all three defendants had espoused racist views.
To back the hate crime charges, prosecutors showed the jury roughly two dozen text messages and social media posts showing Travis McMichael and Bryan repeatedly using racial slurs in text messages and social media posts.
Defense attorneys contended the McMichaels and Bryan didn’t chase and kill Arbery because of his race, but acted on their earnest, though erroneous, suspicion that Arbery had committed crimes in their neighborhood.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wvva.com/2022/04/20/arberys-killers-scheduled-august-hate-crimes-sentencing/
| 2022-04-20T10:08:39Z
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Russia hits Ukrainian cities, pours more troops into war
KYIV, Ukraine (AP) - Russia hurled its military might against Ukrainian cities and towns and poured more troops into the war, seeking to slice the country in two in a potentially pivotal battle for control of the eastern industrial heartland of coal mines and factories.
The fighting unfolded along a boomerang-shaped front hundreds of miles long in what is known as the Donbas. If successful, it would give President Vladimir Putin a victory following the failed attempt by Moscow’s forces to storm the capital, Kyiv, and heavier-than-expected casualties.
In Mariupol, the devastated port city in the Donbas, Ukrainian troops said the Russian military dropped heavy bombs to flatten what was left of a sprawling steel plant — believed to be the defenders’ last holdout — and hit a hospital where hundreds were staying.
The Ukrainian General Staff said Wednesday that Russia was continuing to mount offensives at various locations in the east as its forces probe for weak points in the Ukrainian lines. The General Staff said in a statement that defeating the last resistance in the Azovstal steel mill in Mariupol remains Russia’s top priority.
Deputy Prime Minister Iryna Vereshchuk said that there was a “preliminary” agreement to open a humanitarian corridor for women, children and the elderly to leave Mariupol west to the Ukraine-controlled city of Zaporizhzhia on Wednesday afternoon.
She said on the the messaging app Telegram that civilians in Mariupol were facing a “catastrophic humanitarian situation.”
Vereshchuk previously said no agreement had been reached with Russia on an evacuation route on each of the past three days. There was no immediate confirmation from the Russian side, which issued a new ultimatum to the Ukrainian defenders to surrender Wednesday after a previous ultimatum was ignored.
The Russian Defense Ministry said those who surrender will be allowed to live and given medical treatment. The Ukrainian troops have repeatedly vowed not to give up.
Ukraine and Russia have frequently blamed each other for obstructing evacuations from Mariupol or firing along the agreed route, which has typically only been open to people traveling using private vehicles.
Key to the Russian campaign is the capture of Mariupol, which would deprive Ukraine of a vital port and complete a land bridge between Russia and the Crimean Peninsula, seized from Ukraine in 2014. It would also free up Russian troops to move elsewhere in the Donbas.
A few thousand Ukrainian troops, by the Russians’ estimate, remained holed up in the sprawling steel plant.
The deputy commander of the Azov regiment, who was among the troops remaining in Mariupol, said the Russian military dropped heavy bombs on the steel plant and hit an “improvised” hospital.
Serhiy Taruta, the former governor of the Donetsk region and a Mariupol native, also reported the bombing of the hospital, where he said 300 people, including wounded troops and civilians with children, were sheltered.
The eastern cities of Kharkiv and Kramatorsk also came under deadly attack. Russia said it struck areas around Zaporizhzhia and Dnipro west of the Donbas with missiles.
Russian Defense Ministry spokesman Maj. Gen. Igor Konashenkov said the targets included troop concentrations and missile-warhead storage depots, in or near several cities or villages. Those claims could not be independently verified.
Both sides have described the assault that began Monday as a new phase of the war.
Ukrainian President Volodymyr Zelenskyy said the Russian military was throwing everything it has into the battle, with most of its combat-ready forces now concentrated in Ukraine and just across the border in Russia.
“They have driven almost everyone and everything that is capable of fighting us against Ukraine,” he said in his nightly video address to the nation.
Despite claims that they are hitting only military sites, the Russians continue to target residential areas and kill civilians, he said.
“The Russian army in this war is writing itself into world history forever as the most barbaric and inhuman army in the world,” Zelenskyy said.
He also said the Kremlin has not responded to a proposal to exchange Viktor Medvedchuk, the jailed leader of a pro-Russia party, for the Mariupol defenders.
Weeks ago, after the abortive Russian push to take Kyiv, the Kremlin declared that its main goal was the capture of the mostly Russian-speaking Donbas, where Moscow-backed separatists have been fighting Ukrainian forces for eight years.
A Russian victory in the Donbas would deprive Ukraine of the industrial assets concentrated there, including mines, metals plants and heavy-equipment factories.
A senior U.S. defense official, speaking on condition of anonymity to discuss the Pentagon’s assessments of the war, said the Russians had added two more combat units, known as battalion tactical groups, in Ukraine over the preceding 24 hours. That brought the total units in the country to 78, all of them in the south and the east, up from 65 last week, the official said.
That would translate to 55,000 to 62,000 troops, based on what the Pentagon said at the start of the war was the typical unit strength of 700 to 800 soldiers. But accurately determining Russia’s fighting capacity at this stage is difficult.
A European official, likewise speaking on condition of anonymity to discuss military assessments, said Russia also has 10,000 to 20,000 foreign fighters in the Donbas. They are a mix of mercenaries from Russia’s private Wagner Group and Russian proxy fighters from Syria and Libya, according to the official.
While Ukraine portrayed the attacks on Monday as the start of the long-feared offensive in the east, some observers noted that an escalation has been underway there for some time and questioned whether this was truly the start of a new offensive.
The U.S. official said the offensive in the Donbas has begun in a limited way, mainly in an area southwest of the city of Donetsk and south of Izyum.
Justin Crump, a former British tank commander now with the strategic advisory company Sibylline, said the Ukrainian comments could, in part, be an attempt to persuade allies to send more weapons.
“What they’re trying to do by positioning this, I think, is ... focus people’s minds and effort by saying, ‘Look, the conflict has begun in the Donbas,’” Crump said. “That partly puts pressure on NATO and EU suppliers to say, ‘Guys, we’re starting to fight now. We need this now.’”
President Joe Biden is expected to announce a new weapons package in the coming days that will include additional artillery and ammunition, according to a U.S. official, who was not authorized to comment publicly and spoke on the condition of anonymity.
Canada and the Netherlands also planned to send more heavy weapons, their prime ministers said.
Associated Press journalists in Kharkiv said at least four people were killed and three wounded in a Russian attack on a residential area of the city.
An explosion also rocked Kramatorsk, killing at least one person and wounding three, according to AP journalists at the scene.
In the southern city of Bashtanka, an unspecified number of people were wounded when Russian forces shelled the hospital, destroying the reception area and the dialysis unit, the head of the regional council, Hanna Zamazeeva, said on Facebook.
Eyewitness accounts and reports from officials have given a broad picture of the extent of the Russian advance. But independent reporting in the parts of the Donbas held by Russian forces and separatists is severely limited, making it difficult to know what is happening in many places on the ground.
Military experts said the Russians’ goal is to encircle Ukrainian troops from the north, south and east.
___
Associated Press journalists Mstyslav Chernov and Felipe Dana in Kharkiv; Yesica Fisch in Kramatorsk, Ukraine; Danica Kirka in London; and Robert Burns and Aamer Madhani in Washington contributed to this report, as did other AP staff members around the world.
___
Follow the AP’s coverage of the war at https://apnews.com/hub/russia-ukraine
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wvva.com/2022/04/20/russia-hits-ukrainian-cities-pours-more-troops-into-war/
| 2022-04-20T10:08:46Z
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...SMALL CRAFT ADVISORY REMAINS IN EFFECT UNTIL 6 PM HST
WEDNESDAY...
* WHAT...Northeast to east winds 25 kt with higher gusts, except
north in Maalaea Bay.
* WHERE...All coastal waters except Big Island Windward.
* WHEN...Until 6 PM HST Wednesday.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
&&
In those closing arguments, both sides said there were high doses and large amounts of oxycodone prescribed to close friends of Puana over many years.
Those friends admitted in court they sold the oxy. Some said they sold it for tuition money for their kids, another claimed the money went to cocaine which was then used by Puana when he partied with his friends.
Government prosecutors said the oxy selling scheme was set up and known by Puana.
The defense admits Puana doing cocaine with patients is outside the usual course of a professional practice. But they claim he believed the patients were in pain and that is what doctors do - help people in pain.
"The government has to prove the case beyond a reasonable doubt, so the burden is on them - and it is a high burden.
The defense will argue, 'My guy did something, but they haven't proved it."
Now the case is up to the jury, which had a short deliberation Tuesday afternoon before wrapping up for the day.
They will have to discuss 3 weeks of witnesses and testimony and will be able to review all the evidence - in order to make their final decision over which side to believe.
"That is the jury's job to find which side is more credible. If they do, then they can convict. If they can't, that is reasonable doubt."
In this case, all jurors must agree on a verdict for the charges against Puana.
"In order to be found guilty, it has to be a unanimous verdict in their finding of guilt. But the same is true for not guilty - all 12 have to vote not guilty."
If they can't come to a unanimous verdict, the jury is considered a hung jury and would be dismissed.
Then attorneys for both sides would argue over whether they should hold a second trial
Do you have a story idea? Email news tips to news@kitv.com
|
https://www.kitv.com/news/crime/closing-arguments-jury-deliberates-fate-of-dr-rudy-puana/article_a9de583a-c063-11ec-b304-f3ac6f6a9687.html
| 2022-04-20T10:16:49Z
|
...SMALL CRAFT ADVISORY REMAINS IN EFFECT UNTIL 6 PM HST
WEDNESDAY...
* WHAT...Northeast to east winds 25 kt with higher gusts, except
north in Maalaea Bay.
* WHERE...All coastal waters except Big Island Windward.
* WHEN...Until 6 PM HST Wednesday.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
&&
Fuel tax reduction considered as gas tops 5 dollars per gallon
HAWAII COUNTY-- The Big Island is considering a 10 cent per gallon fuel tax reduction. The Hawaii County Council held a public hearing for those in favor and against the proposal to speak out.
The proposed measure would drop Hawaii county's fuel tax from 23 cents a gallon to 13 cents a gallon. But will it help the consumer?
Critics say gas station owners can always keep prices just as high, and pocket the difference. Forfeiting incoming tax revenue could cost the county 7 and a half million dollars in unrealized funds.
Those against the measure say the tax money could otherwise be used to repair roads. Other drivers see it differently.
"I don't think they should charge any taxes. Every little bit counts. I'm filling up and 40 dollars maybe gets me 8 gallons. It's ridiculous," business owner Shelly Seleni told KITV4.
Seleni commutes daily on Oahu from Kaimuki to Waimanalo. "Put that money to something else, other than getting from A to Z," she said.
One Big Island community leader, who supports repealing the fuel tax, told the Hawaii County Council high costs are unavoidable. "To get to school, to get groceries. Pretty much anything you can think of. We are on 75 miles of unpaved road here," Shannon Matson told the Council.
Yet, the roads in Hawaii county are precisely the reason some say the estimated 7.5 million dollars in unattained revenue could be utilized elsewhere.
"Take care of the county and all the infrastructure we need to, especially the roads. We need a lot of roads that need to be repaved," Dick Matsumoto told the Hawaii County Council at the public hearing.
Do you have a story idea? Email news tips to news@kitv.com
Jeremy Lee joined KITV after over a decade & a half in broadcast news from coast to coast on the mainland. Jeremy most recently traveled the country documenting protests & civil unrest.
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https://www.kitv.com/news/hawaii-county-considers-fuel-tax-cut-as-gas-prices-soar/article_0c8d3c24-c084-11ec-9bde-5ffbadbcb669.html
| 2022-04-20T10:16:55Z
|
...SMALL CRAFT ADVISORY REMAINS IN EFFECT UNTIL 6 PM HST
WEDNESDAY...
* WHAT...Northeast to east winds 25 kt with higher gusts, except
north in Maalaea Bay.
* WHERE...All coastal waters except Big Island Windward.
* WHEN...Until 6 PM HST Wednesday.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
&&
Hawaii residents continue wearing masks after mandate is lifted
HONOLULU, (KITV4) - The recent uptick in positive COVID-19 cases is causing many residents in Hawaii to wear masks more often than not.
Health experts says this is not the time to drop the mask mandate on public transportation.
"we're already seeing an increase in the BA2 sub-variant here and on the mainland. Now is certainly not the time to take away that federal mandate on transportation. We should wait to see what happens with the sub-variant to see if cases increase. I really encourage everyone to wear a mask regardless on a flight," said Jacob Schaefer, director of Infection Control and Employee at Waianae Coast Comprehensive Health Center.
New Jersey resident Michel silva is visiting Oahu and said he and his family continue to wear masks everywhere especially on airplanes.
“We still feel comfortable wearing masks because we don’t know who’s vaccinated. Numbers are going up here and in the continental U.S. I am not ready to go out and even more importantly, I am not ready to travel without a mask,” said Silva.
However there are others who agree with the federal decision to make masks optional on public transportation. Larry Ragin says he is fully vaccinated and boosted and feels safe without wearing a mask. He only wears them when they are required such as Uber.
“The pandemic is over. I have done my part and I’m ready for a new normal. We are all going to keep everyone’s safety in mind however we can all do that while moving forward from the pandemic and masks,” said Ragin.
Do you have a story idea? Email news tips to news@kitv.com
|
https://www.kitv.com/news/hawaii-residents-continue-wearing-masks-after-mandate-is-lifted/article_85b7b442-c081-11ec-a83f-d706aa0ba512.html
| 2022-04-20T10:17:01Z
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Across the US, local transit authorities are deciding whether they will continue requiring passengers to mask up after a federal judge struck down the public transportation mask mandate aimed at mitigating Covid-19 risk.
Their decisions are mixed, as some transit officials say they will let riders choose whether to mask, while others say they will keep their masking policies in place.
The mandate, enacted in February 2021 by the US Centers for Disease Control and Prevention, required people on public transit and at transportation hubs like airports to wear masks regardless of their vaccination status.
But following the Florida judge's decision on Monday, the order is no longer in effect while the ruling is being reviewed, a Biden administration official said.
From New York to Atlanta to San Francisco and Seattle, here's how some city transit systems are handling their mask requirements:
Atlanta
The Metropolitan Atlanta Rapid Transit Authority, or MARTA, will stop enforcing its mask mandate, a spokesperson told CNN.
"If customers and employees want to continue wearing masks while on the transit system, they are free to ... but masks are not required at this time," MARTA spokesperson Stephany Fisher said.
Austin, Texas
Riders of the Capital Metropolitan Transportation Authority, or CapMetro, are no longer required to wear masks, spokesperson Tawaun Cole told CNN, adding the CDC "is still encouraging customers to mask up to protect themselves while using public transportation."
Chicago
Masks are not required on Chicago Transit Authority trains and buses after Illinois Gov. Gov. JB Pritzker announced Tuesday the statewide mask mandate for public transportation is ending. Riders who wish to wear a mask are "encouraged to do so," CTA said in a Tweet.
On Metra, "masks will be welcome but not required," the rail service said on Twitter.
Houston
Houston's Metropolitan Transit Authority of Harris County (METRO) will no longer require passengers to wear masks, a METRO spokesperson told to CNN.
"METRO is in the process of removing all signage and messaging requiring masks on our system," spokesperson Monica Russo said. "We are also going to move away from requiring masks for METRO employees. They will continue to have the option to wear a mask."
Los Angeles
LA's Metro service said Tuesday it will not require face coverings.
The Metro has made masks optional for riders, the service announced on its website, adding that it continues to recommend passengers mask to "protect themselves and others."
New Jersey
Statewide New Jersey Transit won't require masks anymore on its buses and trains, it said Tuesday morning, reversing its initial decision to continue to require them.
"The federal (Transportation Security Administration) announced it will no longer enforce a mask mandate in public transportation settings. Masks will no longer be required on NJ TRANSIT and by South Jersey Transportation Authority," the agency said.
New Orleans
New Orleans Regional Transit Authority (RTA) operators "will no longer enforce its mask mandate on buses, streetcars, ferries, paratransit vehicles, and at RTA facilities," the RTA said in a statement Tuesday.
It still recommends people wear masks in indoor transportation settings, the statement said.
New York
The Metropolitan Transportation Agency, or MTA, will keep its mask requirement in place in accordance with the determination made in March by the New York State Department of Health, the agency said in a statement.
Orlando and Central Florida
Masks are now optional for riders on Lynx buses in and around Orlando and at its facilities, a spokesman told CNN Tuesday.
Philadelphia
Masks are "recommended but no longer required" on Southeastern Pennsylvania Transportation Authority, or SEPTA, vehicles and at stations and concourses, the agency tweeted Monday night.
Portland, Oregon
Passengers of TriMet must still wear masks for now, the agency tweeted Monday afternoon, pointing to the TSA directive extending mask public transit mask requirements through May 3. The TSA announced Monday night it would not enforce the directive in light of the court decision.
Rhode Island
The state's public transportation system, the Rhode Island Public Transit Authority, said its drivers and passengers are no longer required to wear a mask on board, but it encourages them to continue to do so.
Seattle and Puget Sound region
Multiple transit agencies in the Puget Sound region announced they would lift their masking requirement.
Seattle's King County Metro Transit Department said Monday in a release it was keeping its mask mandate in place, but Tuesday, the department said in an update it will no longer require masks.
Everett Transit, which serves the city of Everett, also informed riders in a Facebook post that masks would be optional.
Sound Transit, which operates transit services in Pierce, King and Snohomish Counties said in a release Tuesday that masks are no longer required on board its services.
Washington, DC
Riders and employees of the Washington Metropolitan Area Transit Authority, dubbed Metro, will no longer be required to mask up, the agency said in a statement. This includes its Metrorail, Metrobus and MetroAccess services.
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| 2022-04-20T10:17:07Z
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...SMALL CRAFT ADVISORY REMAINS IN EFFECT UNTIL 6 PM HST
WEDNESDAY...
* WHAT...Northeast to east winds 25 kt with higher gusts, except
north in Maalaea Bay.
* WHERE...All coastal waters except Big Island Windward.
* WHEN...Until 6 PM HST Wednesday.
* 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) –Trades with a mix of sun and clouds this week. Increasing clouds to end the work week.
Tonight, partly cloudy skies in the early evening with increasing clouds by late night. A few light showers late night. Lows in the lower 70s.
Tuesday, partly sunny skies in the morning with partly cloudy skies in the afternoon. A few passing trade wind showers in the morning hours for windward and mauka spots.
Highs 82 to 87. Locally breezy trade winds 15 to 25 mph.
A nearby trough aloft will bring periods of high clouds through the week, initially over Maui County and the Big Island, then thickening over all islands Thursday and Friday.
Sunshine returns for the weekend along with breezy winds.
Surf:
North: 4-6 ft
West: 3-5 ft
South: 2-4 ft
East: 2-4 ft
A moderate northwest swell will build late Tuesday and build through mid week. A second swell builds over the weekend.
Do you have a story idea? Email news tips to news@kitv.com
Chief Meteorologist Pete Caggiano forecasts for KITV4 Island News during the 5,6 and 10 p.m. newscasts Monday – Friday. He has the American Meteorological Society and National Weather Association Seal of Approval.
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https://www.kitv.com/weather/monday-evening-weather-forecast-april-18-2022/article_0c04d4b4-bfbd-11ec-9e0d-e319d59ea688.html
| 2022-04-20T10:17:13Z
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...SMALL CRAFT ADVISORY REMAINS IN EFFECT UNTIL 6 PM HST
WEDNESDAY...
* WHAT...Northeast to east winds 25 kt with higher gusts, except
north in Maalaea Bay.
* WHERE...All coastal waters except Big Island Windward.
* WHEN...Until 6 PM HST Wednesday.
* 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) –More breezy trades with a mix of sun and clouds Wednesday. A northwest swell builds Thursday and Friday.
Tonight, partly cloudy skies in the early evening with increasing clouds by late night. A few light showers late night. Lows in the lower 70s.
Wednesday, partly sunny skies in the morning with partly cloudy skies in the afternoon. A few passing trade wind showers in the morning hours for windward and mauka spots.
Highs 79 to 86. ENE winds at 15 to 25 mph.
A nearby trough aloft will bring increasing clouds over all islands Thursday and Friday.
Sunshine returns for the weekend along with breezy winds.
Surf:
North: 7-10 ft
West: 5-7 ft
South: 1-3 ft
East: 3-5 ft
A moderate northwest swell will build late Tuesday and peak Wednesday. A second swell builds over the weekend.
Do you have a story idea? Email news tips to news@kitv.com
Chief Meteorologist Pete Caggiano forecasts for KITV4 Island News during the 5,6 and 10 p.m. newscasts Monday – Friday. He has the American Meteorological Society and National Weather Association Seal of Approval.
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https://www.kitv.com/weather/tuesday-evening-weather-april-19-2022/article_4af9ecaa-c07f-11ec-813b-13df9f12382c.html
| 2022-04-20T10:17:19Z
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Arbery’s killers scheduled for August hate crimes sentencing
SAVANNAH, Ga. (AP) - The white men convicted of hate crimes for chasing and killing Ahmaud Arbery as he ran in their Georgia neighborhood have been scheduled for sentencing this summer in federal court.
U.S. District Court Judge Lisa Godbey Wood scheduled Aug. 1 sentencing hearings for all three men. Father and son Greg and Travis McMichael and their neighbor, William “Roddie” Bryan, each face a maximum penalty of life in prison in connection with the 2020 death of the 25-year-old Black man.
It’s possible the sentencing date could change. Citing a scheduling conflict, prosecutors asked the judge in a legal filing Tuesday to push back the hearings until sometime after Aug. 6.
The McMichaels and Bryan are already serving life sentences in Georgia after being convicted of murder in a state court last fall. The trio stood trial a second time in federal court, where they were found guilty in February of committing hate crimes after a jury concluded Arbery’s killing was motivated by race.
The McMichaels armed themselves and used a pickup truck to chase Arbery on Feb. 23, 2020, after spotting him running in their neighborhood just outside the Georgia port city of Brunswick. Bryan joined the pursuit and recorded cellphone video of Travis McMichael blasting Arbery with a shotgun.
The McMichaels told investigators they suspected Arbery was a burglar and were trying to detain him for police. Travis McMichael said he opened fire in self-defense as Arbery threw punches and grabbed for his shotgun.
No arrests were made until more than two months after the killing, when the graphic cellphone video leaked online and the Georgia Bureau of Investigation took over the case from local police. Arbery’s death became part of a broader reckoning on racial injustice in the criminal legal system after a string of fatal encounters between Black people and police.
While the life sentences handed down in the state’s murder case made the hate crimes trial that followed largely symbolic, federal prosecutors used the second trial to reveal how all three defendants had espoused racist views.
To back the hate crime charges, prosecutors showed the jury roughly two dozen text messages and social media posts showing Travis McMichael and Bryan repeatedly using racial slurs in text messages and social media posts.
Defense attorneys contended the McMichaels and Bryan didn’t chase and kill Arbery because of his race, but acted on their earnest, though erroneous, suspicion that Arbery had committed crimes in their neighborhood.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.whsv.com/2022/04/20/arberys-killers-scheduled-august-hate-crimes-sentencing/
| 2022-04-20T10:37:59Z
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Judge sends Julian Assange extradition decision to UK government
LONDON (AP) — A British judge on Wednesday formally approved the extradition of Julian Assange to the United States to face spying charges. The case will now go to Britain’s interior minister for a decision, and the WikiLeaks founder still has legal avenues of appeal.
The order comes after the U.K. Supreme Court last month refused Assange permission to appeal against a lower court’s ruling that he could be extradited.
A judge at Westminster Magistrates’ Court issued the order in a brief hearing. Home Secretary Priti Patel will decide whether to grant the extradition.
The move doesn’t exhaust the legal options for Assange, who has sought for years to avoid a trial in the U.S. on charges related to WikiLeaks’ publication of a huge trove of classified documents more than a decade ago.
His lawyers have four weeks to make submissions to Patel, and can also seek to appeal to the High Court.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.whsv.com/2022/04/20/judge-sends-assange-extradition-decision-uk-government/
| 2022-04-20T10:38:05Z
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Netflix aims to curtail password sharing, considers ads
SAN FRANCISCO (AP) — An unexpectedly sharp drop in subscribers has Netflix considering changes it has long resisted: Minimizing password sharing and creating a low-cost subscription supported by advertising.
Looming changes announced late Tuesday are designed to help Netflix regain momentum lost over the past year. Pandemic-driven lockdowns that drove binge-watching have lifted, while deep-pocketed rivals such as Apple and Walt Disney have begun to chip away at its vast audience with their own streaming services.
Netflix’s customer base fell by 200,000 subscribers during the January-March quarter, the first contraction the streaming service has seen since it became available throughout most of the world other than China six years ago. The drop stemmed in part from Netflix’s decision to withdraw from Russia to protest the war against Ukraine, resulting in a loss of 700,000 subscribers. Netflix projected a loss of another 2 million subscribers in the current April-June quarter.
The erosion, coming off a year of progressively slower growth, has rattled Netflix investors. Shares plunged by more than 25% in extended trading after Netflix revealed its disappointing performance. If the stock drop extends into Wednesday’s regular trading session, Netflix shares will have lost more than half of their value so far this year — wiping out about $150 billion in shareholder wealth in less than four months.
The Los Gatos, California, company estimated that about 100 million households worldwide, including 30 million in the U.S. and Canada, are watching its service for free by using the account of a friend or another family member.
“Those are over 100 million households already are choosing to view Netflix,” Netflix CEO Reed Hastings said. “We’ve just got to get paid at some degree for them.”
To prod more people to pay for their own accounts, Netflix indicated it will expand a trial program it has been running in three Latin American countries — Chile, Costa Rica and Peru. In these locations, subscribers can extend service to another household for a discounted price. In Costa Rica, for instance, Netflix plan prices range from $9 to $15 a month, but subscribers can openly share their service with another household for $3.
Netflix offered no additional information about how a cheaper ad-supported service tier would work or how much it would cost. Another rival, Hulu, has long offered an ad-supported tier.
While Netflix clearly believes these changes will help it build upon its current 221.6 million worldwide subscribers, the moves also risk alienating customers to the point they cancel.
Netflix was previously stung by a customer backlash in 2011 when it unveiled plans to begin charging for its then-nascent streaming service, which had been bundled for free with its traditional DVD-by-mail service before its international expansion. In the months after that change, Netflix lost 800,000 subscribers, prompting an apology from Hastings for botching the execution of the spin-off.
Tuesday’s announcement was a sobering comedown for a company that was buoyed two years ago when millions of consumers corralled at home were desperately seeking diversions — a void Netflix was happy to fill. Netflix added 36 million subscribers during 2020, by far the largest annual growth since its video streaming service’s debut in 2007.
But Hastings now believes those outsized gains may have blinded management. “COVID created a lot of noise on how to read the situation,” he said in a video conference Tuesday.
Netflix began heading in a new direction last year when its service added video games at no additional charge in an attempt to give people another reason to subscribe.
Escalating inflation over the past year has also squeezed household budgets, leading more consumers to rein in their spending on discretionary items. Despite that pressure, Netflix recently raised prices in the U.S., where it has its greatest household penetration — and where it’s had the most trouble finding more subscribers.
In the most recent quarter, Netflix lost 640,000 subscribers in the U.S. and Canada, prompting management to point out that most of its future growth will come in international markets. Netflix ended March with 74.6 million subscribers in the U.S. and Canada.
Copyright 2022 The Associated Press. All rights reserved.
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| 2022-04-20T10:38:12Z
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Russia pressures Mariupol as it focuses on Ukraine’s east
KYIV, Ukraine (AP) - Russian forces pressured a stubborn pocket of resistance in Mariupol amid renewed hopes Wednesday for an evacuation of thousands of civilians from the shattered port city that is a key battleground in Moscow’s new onslaught to take control of Ukraine’s eastern industrial heartland.
In addition to pounding Mariupol, Russian forces have intensified their attacks along a boomerang-shaped front hundreds of miles long in what is known as the Donbas, home to coal mines, metal plants and factories vital to Ukraine’s economy.
If successful, the offensive would give President Vladimir Putin a badly needed victory following the failed attempt by Moscow’s forces to storm the capital, Kyiv, and stronger-than-expected resistance in the nearly two-month war.
Ukrainian troops said Tuesday the Russian military dropped heavy bombs to flatten what was left of a sprawling steel plant — believed to be the last holdout of troops defending Mariupol — and hit a makeshift hospital where hundreds were staying. The reports could not be independently confirmed.
Elsewhere, Russian Defense Ministry said Wednesday its forces kept up intense attacks on Ukrainian targets, hitting 1,053 with artillery and 73 with airstrikes. Ministry spokesman Igor Konashenkov also said there had been missile strikes on concentrations of Ukrainian troops and vehicles in the Kherson Region in southern Ukraine. Those claims could not be independently verified.
The General Staff of Ukraine’s military said in a statement that taking control of the Azovstal steel mill and thus fully capturing Mariupol remains a top Russian priority. But it added that Moscow’s forces were continuing to mount offensives across the east as its forces probe for weak points in the Ukrainian defensive lines.
A siege on Mariupol since the early days of the war has flattened much of the city on the Sea of Azov and inflicted some of the most dramatic suffering of the conflict, which has also pushed more than 5 million people to flee the country.
Deputy Prime Minister Iryna Vereshchuk said that there was a “preliminary” agreement to open a humanitarian corridor for women, children and the elderly to leave Mariupol and head west to the Ukraine-controlled city of Zaporizhzhia on Wednesday afternoon.
Mariupol Mayor Vadym Boychenko urged locals to leave the city, though previous such agreements have fallen apart, with Russians preventing buses meant to pick up evacuees from entering the city or shelling escape routes.
“Do not be frightened and evacuate to Zaporizhzhia, where you can receive all the help you need — food, medicine, essentials — and the main thing is that you will be in safety,” he wrote in a statement issued by the city council.
Boychenko asked people who had already left Mariupol to contact relatives still in the city and urge them to evacuate. He said 200,000 people had already left the city, which had a pre-war population of more than 400,000.
Boychenko said buses would be used for the evacuation and one pickup point will be near the Azovstal steel mill, where a Ukrainian police official has said civilians, including children, are sheltering among the city’s last known defenders.
Many previous evacuation efforts relied on civilians using private cars after efforts to bring buses from Ukraine-held territory into the city failed. But with fuel supplies and the number of such vehicles dwindling in the city, that is becoming increasingly difficult.
There was no immediate confirmation on the evacuation from the Russian side, which issued a new ultimatum to the Ukrainian defenders to surrender Wednesday. The Ukrainians have ignored previous demands to leave the sprawling steel plant’s warren of tunnels and bunkers.
The Russian Defense Ministry said those who surrender will be allowed to live and given medical treatment.
Capturing Mariupol holds strategic and symbolic value for both sides. The scale of suffering there has made it a focal point of the war for many outside Ukraine, and Russia’s difficulty in definitively taking it is a prime example of the ways an under-gunned Ukrainian force has stymied Moscow’s troops.
Mariupol’s fall would also deprive Ukraine of a vital port, complete a land bridge between Russia and the Crimean Peninsula that Moscow seized from Ukraine in 2014 and would also free up Russian troops to move elsewhere in the Donbas.
A few thousand Ukrainian troops, by the Russians’ estimate, remained holed up in the steel plant.
The deputy commander of the Azov regiment, who was among the troops remaining in Mariupol, said the Russian military dropped heavy bombs on the steel plant and hit an “improvised” hospital.
Serhiy Taruta, the former governor of the Donetsk region and a Mariupol native, also reported the bombing of the hospital, where he said 300 people, including wounded troops and civilians with children, were sheltered.
Both sides have described stepped-up assaults along a broad front in the east that began Monday as a new phase of the war.
Ukrainian President Volodymyr Zelenskyy said the Russian military was throwing everything it has into the battle, with most of its combat-ready forces now concentrated in Ukraine and just across the border in Russia.
“They have driven almost everyone and everything that is capable of fighting us against Ukraine,” he said in his nightly video address to the nation.
Despite claims that they are hitting only military sites, the Russians continue to target residential areas and kill civilians, he said.
“The Russian army in this war is writing itself into world history forever as the most barbaric and inhuman army in the world,” Zelenskyy said.
He also said the Kremlin has not responded to a proposal to exchange Viktor Medvedchuk, the jailed leader of a pro-Russia party, for the Mariupol defenders.
Weeks ago, after the abortive Russian push to take Kyiv, the Kremlin declared that its main goal was the capture of the mostly Russian-speaking Donbas, where Moscow-backed separatists have been fighting Ukrainian forces for eight years.
Military experts said the Russians’ goal is to encircle Ukrainian troops from the north, south and east. Moscow has poured thousands more troops into Ukraine’s south and east in recent days, including foreign fighters, according to Western officials.
Eyewitness accounts and reports from officials have given a broad picture of the extent of the Russian advance. But independent reporting in the parts of the Donbas held by Russian forces and separatists is severely limited, making it difficult to know what is happening in many places on the ground.
Western nations, meanwhile, are boosting their donations of military supplies to Kyiv.
U.S. President Joe Biden is expected to announce a new weapons package in the coming days that will include additional artillery and ammunition, according to a U.S. official, who was not authorized to comment publicly and spoke on the condition of anonymity.
Canada and the Netherlands also planned to send more heavy weapons, their prime ministers said.
___
Associated Press journalists Mstyslav Chernov and Felipe Dana in Kharkiv, Ukraine; Yesica Fisch in Kramatorsk, Ukraine; and Robert Burns and Aamer Madhani in Washington contributed to this report, as did other AP staff members around the world.
___
Follow the AP’s coverage of the war at https://apnews.com/hub/russia-ukraine
Copyright 2022 The Associated Press. All rights reserved.
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https://www.whsv.com/2022/04/20/russia-hits-ukrainian-cities-pours-more-troops-into-war/
| 2022-04-20T10:38:18Z
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MILWAUKEE, April 20, 2022 /PRNewswire/ -- Ademi LLP is investigating possible securities fraud claims against DENTSPLY SIRONA (NASDAQ: XRAY). The investigation results from inaccurate statements DENTSPLY SIRONA may have made regarding its business operations and prospects.
Click here to learn more about the investigation: https://www.ademilaw.com/case/dentsply-sirona-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
The investigation concerns DENTSPLY SIRONA's termination of its chief executive officer Don Casey and the impact of such termination on its business operations and prospects.
If you wish to obtain additional information or have information about this investigation, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, https://www.ademilaw.com/case/dentsply-sirona-inc.
We specialize in securities fraud and shareholder litigation. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Ademi LLP
Guri Ademi
3620 East Layton Ave.
Cudahy, WI 53110
Toll Free: (866) 264-3995
Fax: (414) 482-8001
www.ademilaw.com
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| 2022-04-20T10:38:24Z
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School of Packaging breaks ground on new, state-of-the art facilities
CHICAGO, April 20, 2022 /PRNewswire/ -- Amcor (NYSE: AMCR) (ASX:AMC), a global leader in developing and producing responsible packaging solutions, participated yesterday with Michigan State University donors, industry leaders and faculty to celebrate the ground-breaking event on the modernization of the university's School of Packaging. Amcor is partnering with MSU and investing $10 million toward the packaging program, including the establishment of an Endowed Chair of Packaging Sustainability.
"Our collaboration offers the chance to support some of the brightest minds and future talent to help spark industry-changing innovations. Amcor is investing in the growth, training and education of those at MSU through these best-in-class facilities, so that together we can establish a legacy of industry leaders and innovation for generations to come," said Amcor's CEO Ron Delia in addressing the crowd.
The investment in MSU is one of many ways Amcor is actively advancing responsible packaging and award-winning innovation. Earlier this month, Amcor Lift-Off was announced: an open-call initiative aimed at supporting seed stage start-ups that are focused on innovative packaging solutions and related technologies. In addition, Amcor is expanding in China and Belgium its global innovation network, as well as expanding the capabilities of its U.S. facility.
About Amcor
Amcor is a global leader in developing and producing responsible packaging for food, beverage, pharmaceutical, medical, home- and personal-care, and other products. Amcor works with leading companies around the world to protect their products and the people who rely on them, differentiate brands, and improve supply chains through a range of flexible and rigid packaging, specialty cartons, closures, and services. The company is focused on making packaging that is increasingly light-weighted, recyclable and reusable, and made using an increasing amount of recycled content. Around 47,000 Amcor people generate US$12.5 billion in sales from operations that span about 230 locations in 40-plus countries. NYSE: AMCR; ASX: AMC
www.amcor.com I LinkedIn I Facebook I Twitter I YouTube
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| 2022-04-20T10:38:30Z
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- Net income of $19.4 million, or $0.70 per diluted share for the quarter.
- ROA of 1.06% and ROE of 14.44% for the quarter.
- Core loans increased by $120.3 million, or 2.4% (9.6% annualized), in the first quarter, while PPP loans decreased by $47.1 million, for a net increase in total loans of $73.2 million, or 1.4% (5.6% annualized) from last quarter.
- Ratio of nonperforming assets to total assets improved to 0.07% in the first quarter, from 0.08% last quarter.
- Cost of average total deposits remained at 0.06% in the first quarter.
- Completed equity investment and on track to serve as bank sponsor for Swell Financial, as part of the recently announced Banking-as-a-Service ("BaaS") strategy.
- Board of Directors approved quarterly cash dividend of $0.26 per share.
HONOLULU, April 20, 2022 /PRNewswire/ -- Central Pacific Financial Corp. (NYSE: CPF) (the "Company"), parent company of Central Pacific Bank (the "Bank" or "CPB"), today reported net income for the first quarter of 2022 of $19.4 million, or fully diluted earnings per share ("EPS") of $0.70, compared to net income in the first quarter of 2021 of $18.0 million, or EPS of $0.64, and net income in the fourth quarter of 2021 of $22.3 million, or EPS of $0.80.
In addition to the financial results, during the first quarter of 2022, the U.S. Small Business Administration ("SBA") Hawaii District Office announced that CPB was named the SBA Lender of the Year (Category 2), with CPB originating more SBA 7a loans to small businesses in Hawaii in 2021 than all other major Hawaii banks combined.
The first quarter also included an announcement that Swell Financial, Inc. ("Swell") will work with CPB and Elevate Credit, Inc. (NYSE:ELVT) ("Elevate", a leading tech-enabled provider of online credit solutions). Swell is a newly-launched fintech company incubated within CPB. It is on track to launch an integrated checking and line-of-credit account in the summer of 2022, with CPB serving as the bank sponsor. This key initiative will enable CPB to expand its presence beyond Hawaii into the U.S. mainland market. During the quarter, Swell also successfully closed a $10 million Series A capital raise that was led by third party investors, with participation from CPF and Elevate.
Finally, during the first quarter, the Bank continued its strong momentum with the new Shaka all-digital checking account base having reached nearly 4,000 accounts opened to-date. The Bank continues to focus on providing best-in-class digital convenience to our core Hawaii market through the product and related services.
"Central Pacific is pleased with our continued strong earnings in the first quarter of 2022. We anticipate that our ongoing digital transformation, along with a previously announced Banking-as-a-Service strategy, will contribute to our earnings growth in the future. With Hawaii's stronger than anticipated economic recovery, we continue to have an optimistic outlook, and are committed to supporting the financial needs of our customers and the broader community," said Paul Yonamine, Chairman and Chief Executive Officer.
"Hawaii recently removed nearly all of the COVID-related restrictions which further facilitated our tourism industry's rapid recovery. Recent air arrivals have already surpassed pre-pandemic levels, even without the return of our international market. This has had a positive impact on our unemployment rate and our real estate market which has seen significant gains in sales and prices," said Executive Vice Chair Catherine Ngo.
"Our favorable revenue growth trends continued into the first quarter with solid core loan growth. With our strong asset quality, liquidity and capital positions, we are well positioned to continue to grow our market share," according to Arnold Martines, President and Chief Operating Officer.
On April 19, 2022, the Company's Board of Directors declared a quarterly cash dividend of $0.26 per share on its outstanding common shares. The dividend will be payable on June 15, 2022 to shareholders of record at the close of business on May 31, 2022.
During the first quarter of 2022, the Company repurchased 234,981 shares of common stock, at a total cost of $6.7 million, or an average cost per share of $28.65. During the three months ended March 31, 2022, the Company returned $13.9 million in capital to its shareholders through cash dividends and share repurchases.
Net interest income for the first quarter of 2022 was $50.9 million, compared to $49.8 million in the year-ago quarter and $53.1 million in the previous quarter. Net interest margin for the first quarter of 2022 was 2.97%, compared to 3.19% in the year-ago quarter and 3.08% in the previous quarter. The sequential quarter decrease in net interest income and net interest margin is primarily due to lower net interest income and loan fees on PPP loans, combined with lower yields on core loans, partially offset by higher average loan and investment security balances. Net interest income for the first quarter of 2022 included $1.9 million in net interest income and loan fees on PPP loans, compared to $4.7 million in the previous quarter. Net deferred fees on PPP loans remaining at March 31, 2022 was $1.7 million, compared to $3.5 million at December 31, 2021. Additional information on average balances, interest income and expenses and yields and rates is presented in Table 4.
In the first quarter of 2022, the Company recorded a credit to the provision for credit losses of $3.2 million, compared to a credit to the provision of $0.8 million in the year-ago quarter and a credit to the provision of $7.7 million in the previous quarter. The credit to the provision for credit losses in the first quarter of 2022 was driven by continued improvements in the economic forecast and our loan portfolio.
Other operating income for the first quarter of 2022 totaled $9.6 million, compared to $10.7 million in the year-ago quarter and $11.6 million in the previous quarter. The decrease from the year-ago quarter was primarily due to lower mortgage banking income of $1.8 million and lower income from bank-owned life insurance ("BOLI") of $0.3 million, partially offset by higher other service charges and fees of $0.7 million and higher service charges on deposit accounts of $0.4 million. The decrease from the previous quarter was primarily due to lower mortgage banking income of $0.7 million, lower other service charges and fees of $0.5 million, and lower BOLI income of $0.4 million. The lower mortgage banking income during the current quarter was primarily attributable to lower loan origination activity due to rising interest rates. The lower BOLI income was primarily attributable to volatility in the equity markets. Additional information on other operating income is presented in Table 3.
Other operating expense for the first quarter of 2022 totaled $38.2 million, compared to $37.8 million in the year-ago quarter and $42.4 million in the previous quarter. The increase in other operating expense from the year-ago quarter was primarily due to higher salaries and employee benefits of $1.1 million and higher legal and professional services of $0.2 million, partially offset by lower computer software expense of $0.7 million, and lower advertising expense of $0.5 million. The decrease in other operating expense from the previous quarter is primarily due to lower salaries and employee benefits of $2.1 million, lower net occupancy expense of $0.4 million, lower deferred compensation plan expense of $0.4 million (included in other), lower legal and professional services of $0.3 million, and lower entertainment and promotions expense of $0.3 million (included in other). In addition, other operating expense in the previous quarter included branch consolidation costs of $0.4 million (included in other). Lower salaries and employee benefits during the current quarter was primarily due to lower incentive compensation accruals and commissions, combined with $1.1 million in severance expense included in the previous quarter. Additional information on other operating expense is presented in Table 3.
The efficiency ratio for the first quarter of 2022 was 63.16%, compared to 62.54% in the year-ago quarter and 65.61% in the previous quarter.
The effective tax rate for the first quarter of 2022 was 23.7%, compared to 23.2% in the year-ago quarter and 25.4% in the previous quarter.
Total assets at March 31, 2022 of $7.30 billion increased from $6.98 billion at March 31, 2021, and decreased from $7.42 billion at December 31, 2021.
Total loans, net of deferred fees and costs, at March 31, 2022 of $5.17 billion increased from $5.14 billion at March 31, 2021, and increased from $5.10 billion at December 31, 2021. The sequential quarter increase in total loans included a net increase in core loans (or non-PPP loans) of $120.3 million led by growth in consumer loans of $45.1 million, home equity loans of $39.1 million, commercial mortgage loans of $23.3 million, and other commercial loans of $14.3 million, partially offset by a decline in PPP loans of $47.1 million due to SBA forgiveness and paydowns. The growth in consumer loans was primarily due to mainland unsecured and automobile portfolio purchases during the quarter. Loans by geographic distribution are summarized in Table 5.
Total deposits at March 31, 2022 of $6.60 billion increased from $6.21 billion at March 31, 2021, and decreased from $6.64 billion at December 31, 2021. Core deposits, which include demand deposits, savings and money market deposits and time deposits up to $250,000, totaled $6.12 billion at March 31, 2022, and decreased by $36.8 million from December 31, 2021. Non-core deposits decreased by $3.3 million from December 31, 2021. The Company's loan-to-deposit ratio was 78.4% at March 31, 2022, compared to 76.8% at December 31, 2021. Core deposit and total deposit balances are summarized in Table 6.
Nonperforming assets at March 31, 2022 totaled $5.3 million, or 0.07% of total assets, compared to $7.2 million, or 0.10% of total assets at March 31, 2021, and $5.9 million, or 0.08% of total assets at December 31, 2021. Additional information on nonperforming assets, past due and restructured loans is presented in Table 7.
Net charge-offs in the first quarter of 2022 totaled $0.4 million, compared to net charge-offs of $0.7 million in the year-ago quarter, and net recoveries of $0.9 million in the previous quarter.
The allowance for credit losses, as a percentage of total loans at March 31, 2022 was 1.25%, compared to 1.59% at March 31, 2021 and 1.33% at December 31, 2021. Excluding PPP loans, the allowance for credit losses, as a percentage of core loans at March 31, 2022 was 1.26%, compared to 1.36% at December 31, 2021. Additional information on net charge-offs and recoveries and the allowance for credit losses is presented in Tables 8 and 9.
Total shareholders' equity was $486.3 million at March 31, 2022, compared to $542.9 million and $558.2 million at March 31, 2021 and December 31, 2021, respectively. The decline in shareholders' equity was primarily due to unrealized losses on our available-for-sale investment securities portfolio which flow through accumulated other comprehensive income, and were driven by the rising interest rate environment.
The Company maintained its strong capital position and its capital ratios continue to exceed the levels required to be considered a "well-capitalized" institution for regulatory purposes under Basel III. At March 31, 2022, the Company's leverage capital, tier 1 risk-based capital, total risk-based capital, and common equity tier 1 ratios were 8.5%, 11.9%, 14.2%, and 10.9%, respectively, compared to 8.5%, 12.2%, 14.5%, and 11.2%, respectively, at December 31, 2021.
This press release contains certain references to financial measures that have been adjusted to exclude certain expenses and other specified items. These financial measures differ from comparable measures calculated and presented in accordance with accounting principles generally accepted in the United States of America ("GAAP") in that they exclude unusual or non-recurring charges, losses, credits or gains. This press release identifies the specific items excluded from the comparable GAAP financial measure in the calculation of each non-GAAP financial measure. Management believes that financial presentations excluding the impact of these items provide useful supplemental information that is important to a proper understanding of the Company's core business results by investors. These presentations should not be viewed as a substitute for results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP financial measures presented by other companies.
The Company's management will host a conference call today at 1:00 p.m. Eastern Time (7:00 a.m. Hawaii Time) to discuss the quarterly results. Individuals are encouraged to listen to the live webcast of the presentation by visiting the investor relations page of the Company's website at http://ir.cpb.bank. Alternatively, investors may participate in the live call by dialing 1-844-200-6205 (access code: 544126). A playback of the call will be available through May 18, 2022 by dialing 1-866-813-9403 (access code: 856811) and on the Company's website. Information which may be discussed in the conference call is provided in an earnings supplement presentation on the Company's website at http://ir.cpb.bank.
Central Pacific Financial Corp. is a Hawaii-based bank holding company with approximately $7.30 billion in assets as of March 31, 2022. Central Pacific Bank, its primary subsidiary, operates 30 branches and 65 ATMs in the state of Hawaii. For additional information, please visit the Company's website at http://www.cpb.bank.
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This document may contain FLS concerning: projections of revenues, expenses, income or loss, earnings or loss per share, capital expenditures, the payment or nonpayment of dividends, capital position, credit losses, net interest margin or other financial items; statements of plans, objectives and expectations of Central Pacific Financial Corp. or its management or Board of Directors, including those relating to business plans, use of capital resources, products or services and regulatory developments and regulatory actions; statements of future economic performance including anticipated performance results from our business initiatives; or any statements of the assumptions underlying or relating to any of the foregoing. Words such as "believes," "plans," "anticipates," "expects," "intends," "forecasts," "hopes," "targeting," "continue," "remain," "will," "should," "estimates," "may" and other similar expressions are intended to identify FLS but are not the exclusive means of identifying such statements.
While we believe that our FLS and the assumptions underlying them are reasonably based, such statements and assumptions are by their nature subject to risks and uncertainties, and thus could later prove to be inaccurate or incorrect. Accordingly, actual results could differ materially from those statements or projections for a variety of reasons, including, but not limited to: the adverse effects of the COVID-19 pandemic virus (and ongoing pandemic variants) on local, national and international economies, including, but not limited to, the adverse impact on tourism and construction in the State of Hawaii, our borrowers, customers, third-party contractors, vendors and employees as well as the effects of government programs and initiatives in response to COVID-19; the impact of our participation in the Paycheck Protection Program ("PPP") and fulfillment of government guarantees on our PPP loans; the increase in inventory or adverse conditions in the real estate market and deterioration in the construction industry; adverse changes in the financial performance and/or condition of our borrowers and, as a result, increased loan delinquency rates, deterioration in asset quality, and losses in our loan portfolio; our ability to achieve the objectives of our RISE2020 initiative; our ability to successfully implement and achieve the objectives of our Banking-as-a-Service ("BaaS") initiatives, including adoption of the initiatives by customers and risks faced by any of our bank collaborations including reputational and regulatory risk; the impact of local, national, and international economies and events (including natural disasters such as wildfires, volcanic eruptions, hurricanes, tsunamis, storms, earthquakes and pandemic viruses and diseases, including COVID-19) on the Company's business and operations and on tourism, the military, and other major industries operating within the Hawaii market and any other markets in which the Company does business; deterioration or malaise in domestic economic conditions, including any destabilization in the financial industry and deterioration of the real estate market, as well as the impact of declining levels of consumer and business confidence in the state of the economy in general and in financial institutions in particular; changes in estimates of future reserve requirements based upon the periodic review thereof under relevant regulatory and accounting requirements; the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act"), changes in capital standards, other regulatory reform and federal and state legislation, including but not limited to regulations promulgated by the Consumer Financial Protection Bureau (the "CFPB"), government-sponsored enterprise reform, and any related rules and regulations which affect our business operations and competitiveness; the costs and effects of legal and regulatory developments, including legal proceedings or regulatory or other governmental inquiries and proceedings and the resolution thereof, the results of regulatory examinations or reviews and the effect of, and our ability to comply with, any regulations or regulatory orders or actions we are or may become subject to; ability to successfully implement our initiatives to lower our efficiency ratio; the effects of and changes in trade, monetary and fiscal policies and laws, including the interest rate policies of the Board of Governors of the Federal Reserve System (the "FRB" or the "Federal Reserve"); inflation, interest rate, securities market and monetary fluctuations, including the anticipated replacement of the London Interbank Offered Rate ("LIBOR") Index and the impact on our loans and debt which are tied to that index and uncertainties regarding potential alternative reference rates, including the Secured Overnight Financing Rate ("SOFR"); negative trends in our market capitalization and adverse changes in the price of the Company's common stock; political instability; acts of war or terrorism; pandemic virus and disease, including COVID-19; changes in consumer spending, borrowings and savings habits; failure to maintain effective internal control over financial reporting or disclosure controls and procedures; cybersecurity and data privacy breaches and the consequence therefrom; the ability to address deficiencies in our internal controls over financial reporting or disclosure controls and procedures; technological changes and developments; changes in the competitive environment among financial holding companies and other financial service providers; the effect of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Public Company Accounting Oversight Board ("PCAOB"), the Financial Accounting Standards Board ("FASB") and other accounting standard setters and the cost and resources required to implement such changes; our ability to attract and retain key personnel; changes in our personnel, organization, compensation and benefit plans; and our success at managing the risks involved in the foregoing items.
For further information with respect to factors that could cause actual results to materially differ from the expectations or projections stated in the FLS, please see the Company's publicly available Securities and Exchange Commission filings, including the Company's Form 10-K for the last fiscal year and, in particular, the discussion of "Risk Factors" set forth therein. We urge investors to consider all of these factors carefully in evaluating the FLS contained in this Form 8-K. FLS speak only as of the date on which such statements are made. We undertake no obligation to update any FLS to reflect events or circumstances after the date on which such statements are made, or to reflect the occurrence of unanticipated events except as required by law.
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| 2022-04-20T10:38:37Z
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RICHARDSON, Texas, April 20, 2022 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT), the global innovator and leading solutions provider of 5G wireless transport, today announced that it will release its earnings results for the first quarter ended March 31, 2022 on Monday, May 2, 2022 before the market opens.
The Company will host a zoom web conference on the same day at 9:00a.m. ET to discuss the results, followed by a question-and-answer session for the investment community. Investors are invited to register by clicking the following link:
https://touchconference.zoom.us/webinar/register/WN_-mPojV6lRz2zLXHIpeRe2g
All relevant information will be sent upon registration.
If you are unable to join us live, a recording of the call will be available on our website at www.ceragon.com within 24 hours after the call.
About Ceragon Networks
Ceragon Networks Ltd. (NASDAQ: CRNT) is the global innovator and leading solutions provider of 5G wireless transport. We help operators and other service providers worldwide increase operational efficiency and enhance end customers' quality of experience with innovative wireless backhaul and fronthaul solutions. Our customers include service providers, public safety organizations, government agencies and utility companies, which use our solutions to deliver 5G & 4G broadband wireless connectivity, mission-critical multimedia services, stabilized communications, and other applications at high reliability and speed.
Ceragon's unique multicore technology and disaggregated approach to wireless transport provides highly reliable, fast to deploy, high-capacity wireless transport for 5G and 4G networks with minimal use of spectrum, power, real estate, and labor resources. It enables increased productivity, as well as simple and quick network modernization, positioning Ceragon as a leading solutions provider for the 5G era. We deliver a complete portfolio of turnkey end-to-end AI-based managed and professional services that ensure efficient network rollout and optimization to achieve the highest value for our customers. Our solutions are deployed by more than 400 service providers, as well as more than 800 private network owners, in more than 150 countries. For more information please visit: www.ceragon.com
For more information about our company you should read our Annual Report on Form 20-F for the fiscal year ended December 31, 2020 as well as any document we file or furnish with the Securities and Exchange Commission (SEC) by accessing the SEC's website at www.sec.gov.
Safe Harbor
Ceragon Networks® and FibeAir® are registered trademarks of Ceragon Networks Ltd. in the United States and other countries. CERAGON ® is a trademark of Ceragon Networks Ltd., registered in various countries. Other names mentioned are owned by their respective holders.
This press release contains statements that constitute "forward-looking statements" within the meaning of the Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations and assumptions of Ceragon's management about Ceragon's business, financial condition, results of operations, micro and macro market trends and other issues addressed or reflected therein. Examples of forward-looking statements include: projections of demand, revenues, net income, gross margin, capital expenditures and liquidity, competitive pressures, order timing, growth prospects, product development, financial resources, cost savings and other financial and market matters. You may identify these and other forward-looking statements by the use of words such as "may", "plans", "anticipates", "believes", "estimates", "targets", "expects", "intends", "potential" or the negative of such terms, or other comparable terminology.
Although we believe that the projections reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations therefrom will not be material. Such forward-looking statements involve known and unknown risks and uncertainties that may cause Ceragon's future results or performance to differ materially from those anticipated, expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the effects of general economic conditions and trends on the global and local markets in which we operate, the continued effect of the COVID-19 pandemic on the global economy and markets and on us and on the markets in which we operate, including the risk of a continued disruption to our and our customers', providers', business partners and contractors' business and operations; the continued effect of the global increase in shipping costs and decrease in shipping slots availability on us, our supply chain and customers, which have resulted, and may continue to result in, price erosion, late deliveries and the risk of penalties and orders cancellation due to late deliveries; the continuing impact of the components shortage due to the global shortage in semiconductors and chipsets, which have caused, and could continue to cause delays in deliveries of our products and delays in the deployment of wireless communication networks by our customers, slowdowns in ordering or projects' deployment and other adverse effects on our industry and the risk of penalties and orders cancellation created thereby, as well as profit erosion due to constant price increase, payment of expedite fees and costs of inventory pre-ordering and procurement acceleration; the risks relating to increased breaches of network or information technology security along with increase in cyber-attack activities, growing cyber-crime threats, and changes in privacy and data protection laws, that could have an adverse effect on our business; the risks relating to the concentration of a significant portion of Ceragon's expected business in certain countries and particularly in India, where a small number of customers are expected to represent a significant portion of our revenues; risks associated with any failure to meet our product development timetable, including delay in the tape-out of our new chipset; the risk that the rollout of 5G services could take longer or be performed differently than anticipated; uncertainty associated with the evolving Russia-Ukraine conflict and its impacts which are too early to predict, and such other risks, uncertainties and other factors that could affect our results, as further detailed in Ceragon's most recent Annual Report on Form 20-F and in Ceragon's other filings with the Securities and Exchange Commission.
Such forward-looking statements, including the risks, uncertainties and other factors that could affect our results, represent our views only as of the date they are made and should not be relied upon as representing our views as of any subsequent date. Such forward-looking statements do not purport to be predictions of future events or results and there can be no assurance that it will prove to be accurate. Ceragon may elect to update these forward-looking statements at some point in the future but the company specifically disclaims any obligation to do so except as may be required by law.
Ceragon's public filings are available on the Securities and Exchange Commission's website at www.sec.gov and may also be obtained from Ceragon's website at www.ceragon.com.
Ceragon Investor & Media Contact:
Maya Lustig
Ceragon Networks
Tel. +972-54-677-8100
mayal@ceragon.com
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| 2022-04-20T10:38:43Z
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Annual guide explores 2021 regulatory landscape and implications of 2022 key regulatory rulings
NEW YORK, April 20, 2022 /PRNewswire/ -- ComplySci, the leading provider of regulatory technology and compliance solutions for the financial services sector, published its 2022 Chief Compliance Officer (CCO) Playbook today. The annual guide takes an in-depth look at recent and anticipated regulatory compliance changes and their impact on the financial service industry. The playbook provides insights and suggestions from the company's executives and subject matter experts, as well as industry leaders and regulators. It also explores current regulations and details internal and external challenges faced by compliance teams.
Highlights of this year's playbook include:
- A review of the 2021 Securities and Exchange Commission's (SEC) regulatory actions and penalties levied against financial services firms.
- The SEC and Financial Industry Regulatory Authority's (FINRA) 2022 Exam Priorities.
- Implications of federal, state and local pay-to-play rules in an election year.
- Recommendations and tools for firms to fight regulatory compliance apathy.
"Having a detailed understanding of the regulatory ecosystem is only one aspect of a successful compliance program," said ComplySci Chief Executive Officer Amy Kadomatsu. "Compliance leaders must develop an integrated approach that drives strategic value for their firms. This playbook can help professionals build a regulatory compliance program, which analyzes changing financial systems and mitigates potential risks with appropriate protocols and tools and deliver real value to their firms."
In the 2021 fiscal year, the SEC enacted a number of critically important and first-of-its-kind enforcement actions, awarding $564 million through its Whistleblower program. Although the number of enforcement actions taken by the commission decreased slightly from 2020 to 2021, examinations rose to more than 3,000 cases and total penalties grew from $1 billion in 2020 to $1.4 billion in 2021.
This trend, coupled with increasing public scrutiny and CCO liability, as well as ever-growing regulatory reporting requirements continue to make compliance more complex and increases the risk potential for organizations. Such regulatory increases are also why approximately 70 percent of compliance professionals report they are considering increasing compliance process automation in the next 12 months.
"The importance of compliance within organizations continues to grow," said Kadomatsu. "It is crucial companies, regardless of their size, take the steps necessary to protect themselves, their employees and their customers from not only SEC sanctions and fines and corresponding reputational damage, but also from the potential loss of credibility and incoming investments and revenue that can result from noncompliance. ComplySci and its family of firms is committed to providing a variety of governance, risk and compliance offerings to help meet and manage this need."
Download ComplySci's full 2022 CCO Playbook to learn more about the SEC and FINRA's examination priorities, ongoing compliance trends and how to select the best technological solutions to safeguard your organization.
At ComplySci, we believe advanced compliance technology empowers compliance professionals to transform their business. More than 7,000 customers, including some of the world's largest financial institutions, rely on ComplySci's scalable and sophisticated platform to stay ahead of risk and unlock the strategic potential of their compliance data. Its family of firms includes ComplySci, RIA in a Box, illumis, a ComplySci company, NRS, a ComplySci company, and ITEGRIA®, a division of RIA in a Box.
Together, the family of firms offer a full suite of governance, risk and compliance (GRC) consulting, technology, managed services, analytics and outsourcing solutions for the financial services industry. Its regulatory technology solutions help compliance organizations identify, monitor, manage and report on risk and conflicts of interest, including personal trading, gifts and entertainment, political contributions, outside business affiliations and other code of ethics violations. Learn more at complysci.com.
Media Contact
Donald C. Cutler or Lorene Yue
Haven Tower Group, LLC
424-317-4864 or 424-317-4854
dcutler@haventower.com or lyue@haventower.com
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| 2022-04-20T10:38:49Z
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VALENCIA, Calif., April 20, 2022 /PRNewswire/ -- Luxury cruise brand Cunard announces Matt Gleaves as VP, Commercial - North America and Australasia, to lead the company's growth across the region as capacity increases across the fleet by more than 40%.
Gleaves has worked for Carnival UK since 2010 and since 2017 on Cunard's leadership team, most recently as VP, International Development and Planning. While Gleaves has previously worked with the North American and Australasia operations, this move will see him dedicated to the role and be based out of the Santa Clarita, California office. He will be responsible for all aspects of sales, marketing, revenue management, customer service and guest relations for North America, Canada, Australia, Japan and across the Asia region. Gleaves will report to Sture Myrmell, President, Carnival UK.
"North America has always been fundamental to Cunard's success with the Australasian region becoming a staple to the brand and that importance will grow significantly. Our new ship, Queen Anne, arrives in early 2024, we are increasing our sailings in Alaska, Australia and Japan, and given the unique appeal of the brand we see further opportunities to grow the number of guests in these regions sailing across the fleet, including on the iconic Transatlantic Crossing on the only ocean liner in the world, Queen Mary 2." Gleaves continues, "We have fantastic teams in place and are investing further in all aspects of the local operations. I am keen to partner with the local travel advisor community and collaborate on unlocking more of our iconic line's potential."
Prior to his tenure with Cunard, Gleaves held senior management positions with global companies IBM, Estée Lauder and VT group.
For more information about Cunard, or to book a voyage, contact your Travel Consultant, call Cunard Line at 1-800-728-6273 or visit www.cunard.com.
About Cunard
Cunard is a luxury British cruise line, renowned for creating unforgettable experiences around the world. Cunard has been a leading operator of passenger ships on the North Atlantic, since 1840, celebrating an incredible 182 years of operation. A pioneer in transatlantic journeys for generations, Cunard is world class. The Cunard experience is built on fine dining, hand-selected entertainment and outstanding service. From five-star restaurants and in-suite dining to inspiring guest speakers, the library and film screenings, every detail has been meticulously crafted to make the experience unforgettable. Destinations include Europe, the Caribbean, the Far East and Australia.
There are currently three Cunard ships, Queen Mary 2, Queen Elizabeth and Queen Victoria and a fourth ship, Queen Anne, will be entering service in early 2024. This investment is part of the company's ambitious plans for the future of Cunard globally and will be the first time since 1999 that Cunard will have four ships in simultaneous service.
Cunard is based at Carnival House in Southampton and has been owned since 1998 by Carnival Corporation & plc (NYSE/LSE: CCL; NYSE:CUK).
Social Media
Facebook: www.facebook.com/cunard
Twitter: www.twitter.com/cunardline
YouTube: www.youtube.com/wearecunard
Instagram: www.instagram.com/cunardline
For additional information about Cunard, contact:
Jackie Chase, Cunard, 310-926-7686, jchase@cunard.com
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| 2022-04-20T10:38:55Z
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Most impactful efforts in the coming decade involve changes in construction materials such as cement, steel, aluminum, glass, and wood
BOULDER, Colo., April 20, 2022 /PRNewswire/ -- A new report from Guidehouse Insights explores the growth of green, low-embodied carbon construction materials and catalogs the numerous techniques the construction industry is using to decarbonize.
Efforts to decarbonize construction and reduce embodied carbon involve many individual initiatives implemented throughout the construction value chain, which is still in the early stages of substantially reducing carbon emissions. Reductions of embodied carbon—the emissions associated with constructing the building—are starting to have a meaningful impact now and are expected to increase in the later part of the decade. According to a new report from Guidehouse Insights, the global revenue for green construction materials is $5.8 billion in 2022 and will likely grow more than five-fold to $29.2 billion in 2031 at a CAGR of 19.6%.
"Unlike efforts to reduce operational carbon emissions that show reduced fuel and energy bills in a matter of months, reducing embodied carbon emissions involves applying accounting and engineering principles to estimate the impacts of past, present, and future activities," says William Hughes, principal research analyst with Guidehouse Insights. "A growing number of participants in the construction value chain are embracing these efforts."
The most impactful foreseen efforts involve changes in construction materials, such as cement, steel, aluminum, glass, and wood. The carbon emissions associated with the life cycles of these materials—mining, refining, processing, and demolition—collectively produce about the same carbon emissions as all operational emissions from buildings, according to the report.
The report, Building Construction Decarbonization, examines the growth of green, low-embodied carbon construction materials. It leverages Guidehouse Insights reports based on the Global Building Stock Database for 4Q21, applies information on standard construction practices in different regions, and includes information from vendors, trade associations, and construction companies. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 13,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release concerning the report, Building Construction Decarbonization, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
For more information, contact:
Jennifer Peacock
+1.404.575.3859
jpeacock@guidehouse.com
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| 2022-04-20T10:39:01Z
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Product Launch Supports the Company's Expansion in the Home Health and Wellness Market
GLEN ALLEN, Va., April 20, 2022 /PRNewswire/ -- Hamilton Beach Brands, Inc., a wholly-owned subsidiary of Hamilton Beach Brands Holding Company (NYSE: HBB), has introduced the first products in a new line of premium air purifiers under the Clorox® brand name as part of an exclusive multiyear trademark licensing agreement with The Clorox Company. This product launch is one of many steps Hamilton Beach Brands is taking in 2022 to expand its presence in the fast-growing, multibillion dollar home health and wellness market.
"Hamilton Beach Brands is excited to launch our new line of premium air purifiers under the Clorox brand name, and we look forward to introducing additional models in the coming months," said Scott Tidey, senior vice president, consumer sales and marketing. "We are confident that our experience as a leader in the air purifier market, combined with the trusted and well-known Clorox brand name, will be a winning combination for providing consumers with premium product offerings."
Hamilton Beach Brands entered the home environment market in 2000 when it introduced its TrueAir® line of air purifiers and odor eliminators. The addition of the Clorox® brand line of premium air purifiers supports two of the Company's strategic initiatives to deliver profitable growth from innovative solutions that improve everyday living. These include expanding its presence in the home health and wellness market and leveraging alliances with other companies that build on the complementary strengths of both enterprises.
According to NPD, which tracks the sale of small appliances, the U.S. market for air purifiers and filters in 2021 was approximately $1.1 billion. The category more than doubled in size in 2020 compared to 2019 during the first year of the COVID-19 pandemic. Consumer needs for improving indoor air quality, driven by stronger and longer allergy seasons, the impact of weather events including wildfires, and heightened interest in overall health and wellness, are expected to drive the continued growth of air purifiers.
The new air purifier models that are available now include a Clorox® Large Room True HEPA Air Purifier and a Clorox® Tabletop True HEPA Air Purifier, and replacement filters. These new products are available at top retailers, including Amazon, Walmart.com and Target.com. Hamilton Beach Brands continues to build the portfolio and plans additional launches in the coming months, including a Clorox® Medium Room True HEPA Air Purifier, and three new connected technology models under the Clorox® brand that use the Alexa® App and Voice Integration services: Alexa Large Room True HEPA Air Purifier, Alexa Medium Room True HEPA Air Purifier, and Alexa Tabletop True HEPA Air Purifier.
The new premium Clorox Air Purifiers with True HEPA filters help improve overall indoor air quality, assist those with allergies and asthma with easier breathing, aid in sleep quality, and create a fresher smelling home. All of the new models provide 360-degree filtration as air is pulled in from all directions through a robust cylindrical filter. The True HEPA filter captures allergens such as pollen, dust, dust mites, mold spores, smoke, pet hair, pet dander, and more, and is 99.97% effective in capturing particles as small as 0.1 microns. It also captures up to 99.9% of airborne viruses and bacteria, reducing the overall concentration.
Hamilton Beach Brands established a new strategic initiative in 2021 to expand its participation in the home health and wellness market. The Company has taken many steps to introduce new products in the air purification, water filtration and home medical categories. These include the exclusive multiyear trademark licensing agreement with The Clorox Company, signed in 2021, to develop, source, market and distribute a line of premium air purifiers under the Clorox® brand in the U.S., Canada, and Mexico, through online and brick and mortar channels. Additionally, in 2021, Hamilton Beach Brands entered the water filtration category with its new Hamilton Beach® AquaFusion™ electric countertop system. The Company plans to further increase its participation in the water filtration category through an exclusive multiyear trademark licensing agreement with Brita LP, signed in early 2022, to launch a new line of countertop water appliances later this year. Also in 2021, Hamilton Beach Brands entered the home medical market through an agreement with HealthBeacon plc. as the exclusive marketer and distributor in the U.S. and Canada of a new smart tool for managing injectable medications at home called Smart Sharps Bin™ from Hamilton Beach Health® powered by HealthBeacon®. In early 2022, the new system became available to consumers. The Company's new entries in the air purification, water filtration and home medical categories are expected to begin to generate revenue as they are launched and gain momentum.
About Hamilton Beach Brands Holding Company
Hamilton Beach Brands Holding Company operates through its wholly-owned subsidiary Hamilton Beach Brands, Inc., a leading designer, marketer, and distributor of a wide range of branded small electric household and specialty housewares appliances, as well as commercial products for restaurants, fast food chains, bars, and hotels. The Company's owned consumer brands include Hamilton Beach®, Proctor Silex®, Hamilton Beach Professional®, Weston®, TrueAir®, Brightline® and Hamilton Beach Health®. The Company's owned commercial brands include Hamilton Beach Commercial® and Proctor Silex Commercial®.
Hamilton Beach Brands licenses the brands for Wolf Gourmet® countertop appliances, CHI® premium garment care products, Clorox® air purifiers, and Brita™ countertop water appliances. Hamilton Beach Brands markets and distributes the Bartesian® premium cocktail delivery system through an exclusive multiyear agreement. Hamilton Beach Brands has entered the home medical market through a multiyear agreement with HealthBeacon plc and is the exclusive marketer and distributor of a smart Injection Care Management System in the U.S. and Canada under the new brand name Hamilton Beach Health®.
For more information about Hamilton Beach Brands Holding Company, visit hamiltonbeachbrands.com. For information about the Company's products, visit hamiltonbeach.com, proctorsilex.com, hamiltonbeachcommercial.com, westonbrands.com, brightlineproducts.com, wolfgourmet.com, chisteam.com, bartesian.com, and smartsharpsbin.com. To learn more about Clorox® Air Purifiers, please visit cloroxhomeappliances.com, @cloroxhomeappliances on Instagram, and Clorox Home Appliances on Facebook.
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| 2022-04-20T10:39:08Z
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Including 15.3 g/t Au over 10.5m, 10.0 g/t Au over 10.2m, 13.6 g/t Au over 4.7m & 17.6 g/t over 3.0m
RENO, Nev., April 20, 2022 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (OTCQX: IAUCF) ("i-80", or the "Company") is pleased to announce results from four of the final five holes of the Phase 1, 2021, drill program focused primarily on delineating the high-grade "South Pacific" extension horizon at the Company's Granite Creek Property ("Granite Creek" or "the Property") located in Humboldt County, Nevada.
The South Pacific Zone ("SPZ") is a new zone of high-grade gold mineralization located immediately north of the underground mine workings at Granite Creek (see Figure 1). In 2021, sixteen (16) holes were completed in the SPZ, successfully defining multiple fault structures that are demonstrating continuity of mineralization over a strike length of approximately 600 metres and a dip length of approximately 250 metres and remain wide open for expansion along strike and at depth. Hole iGS21-20 intersected mineralization up-dip and to the south of previous drilling, closer to the underground workings where it remains open. Drilling in the SPZ horizon displays impressive gold grades and widths of mineralization and multiple mineralized horizons. Owing to the early success of the expansion drilling program, the ongoing 2022 program has been expanded to ~30,000m.
Final highlight results from 2021 drilling in the South Pacific Zone (and adjacent horizons):
- 13.8 g/t Au over 2.1 m & 25.2 g/t Au over 2.2m in hole iGS21-16
- 6.1 g/t Au over 2.9 m & 9.9 g/t Au over 2.5 m in hole iGS21-17
- 9.7 g/t Au over 4.0 m & 10.0 g/t Au over 10.2 m & 13.7 g/t Au over 5.6 m & 15.3 g/t Au over 10.5 m in hole iGS21-19
- 13.6 g/t Au over 4.7 m & 17.6 g/t Au over 3.0 m in hole iGS21-20
Drilling of the South Pacific Zone ("SPZ") is the primary target of the ongoing drill program with multiple drill rigs completing delineation drilling so that the zone will be included in a resource update following the 2022 program. The SPZ consists of multiple subvertical fault structures located within both the Upper and Lower Comus rock units. Most structures within the SPZ appear to trend north to northeast (see Figures 1 and 2). Step-out drilling to expand mineralization along strike and at depth is being completed in 2022.
"Drilling is demonstrating substantial high-grade resource potential in the South Pacific Zone, and it has elevated to our top priority target at Granite Creek", stated Ewan Downie, Chief Executive Officer of i-80. "Owing to indications of improved ground conditions, significant upside, and proximity to existing underground workings, we have started to drive the decline deeper in order to expedite the development of the SPZ into our near-term mine plan."
High-grade mineralization at Granite Creek occurs in a near-identical geological setting as that at the multi‑million‑ounce Turquoise Ridge Mine located immediately to the north (see Figure 3); proximal to a major regional fault (the Getchell or Range Front fault) on the eastern edge of the large Osgood Mountains intrusive complex. The Granite Creek deposit remains open at depth and along strike from the existing underground workings.
Additional work at Granite Creek includes development to access mineralization proximal to the underground workings, underground drilling and mining. i-80 entered into a toll agreement with Nevada Gold Mines so that refractory mineralization can begin to be trucked to its Twin Creeks facility for processing while Company retrofits its Lone Tree autoclave (see press release dated September 7, 2021).
Table 1 – Summary Assay Results from New Surface Drilling
The Granite Creek Property is strategically located proximal to Nevada Gold Mines' Turquoise Ridge and Twin Creeks mines at the north end of the Battle Mountain-Eureka Trend, at its intersection with the Getchell gold belt in Nevada.
All samples were submitted to either ALS Minerals (ALS) or Paragon Geochemical Assay Laboratories (PAL) both of Sparks, NV, which are ISO 9001 and 17025 certified and accredited laboratories, independent of the Company. Samples submitted through PAL and ALS are run through standard prep methods and analyzed using FA-Pb30-ICP (Au; 30g fire assay) and 48MA-MS (48 element Suite; 0.5g 4-acid digestion/ICP-MS) methods for PAL and Au-AA23 (Au; 30g fire assay) and ME-ICP41 (35 element suite; 0.5g Aqua Regia/ICP-AES) for ALS. ALS and PAL also undertake their own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration. i-80 Gold Corp's QA/QC program includes regular insertion of CRM standards, duplicates, and blanks into the sample stream with a stringent review of all results.
Tim George, PE, Mine Operations Manager, reviewed the technical and scientific information contained in this press release and is a Qualified Person within the meaning of NI 43-101.
i-80 Gold Corp. is a well-financed, Nevada-focused, mining company with a goal of achieving mid-tier gold producer status through the development of multiple deposits within the Company's advanced-stage property portfolio to complement existing gold production from the Ruby Hill open pit.
Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws, including but not limited to, the expansion or mineral resources at Granite Creek and the potential of the Granite Creek project. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the Company's current expectations regarding future events, performance and results and speak only as of the date of this release.
Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to: material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations.
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| 2022-04-20T10:39:14Z
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TORTOLA, British Virgin Islands, April 20, 2022 /PRNewswire/ -- IDEG Asset Management Limited (IDEG), a professional digital asset manager, announced today that it has launched the IDEG Renaissance SP and the IDEG DeFi Tracker SP as part of its growing TIMES product shelf of thematic digital asset funds.
The launch is part of an ambitious strategy to rollout a series of thematic funds offering professional and institutional investors a professionally managed and third party custodied exposure to digital asset investments and seize on market opportunities, managed through through IDEG's market leading compliance, risk and internal controls processes.
The IDEG Renaissance SP is a mixed basket of digital assets that holds weighting among public chain, DeFi, metaverse as well as other sectors, in addition to Bitcoin ($BTC) and Ethereum ($ETH).
Emma Hu, Head of Product Developement, IDEG said, "We see these three sectors as having significant potential in the near term. The IDEG Renaissance SP is in many ways our flagship core-satellite portfolio for accessing digital asset markets. This SP will be rebalanced quarterly to reflect our latest view of the market. With BTC and ETH at the core, and more than 30 digital assets in the portfolio it benefits from a flexible and actively managed satellite approach to trending themes. We expect to see a continuous decreasing weighting in BTC and ETH in our Renaissance SP as other protocols emerge with the potential to buoy overall performance."
The IDEG DeFi Tracker SP covers the decentralized finance space. Hu added, "We are investing in protocols built on Ethereum as well as other public chains to capitalize on the flourishing growth in this sector. The addition of both funds further strengthens our TIMES product shelf and our commitment to providing more innovative solutions."
The two funds will benefit from the experienced investment management from newly appointed Head of Portfolio Management, Markus Thielen. Thielen has over 17 years of experience in traditional and digital asset markets. He has held CIO and Portfolio Management roles in leading hedge funds, including Millennium Capital Partners and JP Morgan. He will be playing an active role in rebalancing and assessing market opportunities for the IDEG Renaissance SP and IDEG DeFi Tracker SP.
More about IDEG and T-I-M-E-S
IDEG is a digital asset-only asset management group of companies.
IDEG Asset Management Limited is IDEG Group's offshore fund manager, a BVI Approved Manager licensed with the British Virgin Islands Financial Services Commission. IDEG Asset Management Limited acts as investment manager to various products in the T-I-M-E-S product shelf. IDEG has pioneered a multi-strategy thematic product shelf, T-I-M-E-S, allowing accredited and institutional investors to access digital asset market opportunities with varying risk exposure. T-I-M-E-S includes actively managed Tracker products; Interest earning products; Mining backed products; Earnings products with exposure to DeFi strategies; and Structured solutions that are tailored to the needs of the investor.
In 2019, IDEG launched Asia's first Bitcoin Trust and the Atlas Mining Trust. Unlike passively managed funds and trusts, Asia Bitcoin Trust I is an enhanced Bitcoin trust, which seeks to improve returns by using active management by applying a range of hedging and arbitrage strategies to enhance returns for the investors while effectively controlling the risk of drawdowns. The funds are open only to qualifying investors.
LEGAL DISCLAIMER: No interests in securities are being offered by virtue of this press release. None of these securities have been registered for public offering with any securities regulator in any jurisdiction and are not available for retail or public subscription. Digital assets investing involves significant risk and a potential for total loss of capital. You are advised to seek independent professional financial and legal advice. Regulatory status is not an endorsement by any regulator. No regulator has approved or endorsed this publication.
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| 2022-04-20T10:39:19Z
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SANDVIKEN, Sweden, April 20, 2022 /PRNewswire/ --
First quarter 2022
5TH CONSECUTIVE QUARTER WITH DOUBLE-DIGIT GROWTH IN ORDERS
Continuing operations
- Order intake SEK 30,474 million (22,206)
- Order intake growth, at fixed exchange rates 30%
- Revenues SEK 24,921 million (18,528)
- Revenue growth, at fixed exchange rates 27%
- Adjusted EBITA SEK 5,043 million (3,960)
- Adjusted EBITA margin 20.2% (21.4)
- Adjusted EBIT SEK 4,730 million (3,859)
- Adjusted EBIT margin 19.0% (20.8)
- Adjusted profit before tax SEK 4,431 million (3,592)
- Profit for the period SEK 3,395 million (2,885)
- Adjusted profit for the period SEK 3,402 million (2,812)
- Earnings per share, diluted SEK 2.70 (2.29)
- Adjusted earnings per share, diluted SEK 2.71 (2.24)
- Free operating cash flow SEK 2,292 million (2,830)
Additional information may be obtained from Sandvik Investor Relations, phone +46 70 782 63 74 (Louise Tjeder).
A webcast and conference call will be held on April 20, 2022 at 1:00 PM CEST. Information is available at home.sandvik/investors
Stockholm, April 20, 2022
Sandvik Aktiebolag (publ)
President and CEO
This information is information that Sandvik AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at about 11.30 AM CEST on April 20, 2022.
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
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| 2022-04-20T10:39:26Z
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SHANGHAI, April 20, 2022 /PRNewswire/ -- JW Therapeutics (HKEx: 2126), an independent, innovative biotechnology company focused on developing, manufacturing and commercializing cell immunotherapy products, announced the Investigational New Drug (IND) clearance from the National Medical Products Administration (NMPA) of China for the study of the anti-CD19 autologous chimeric antigen receptor T (CAR-T) cell immunotherapy product Carteyva® (relmacabtagene autoleucel injection) in treating pediatric and young adult patients with relapsed or refractory B-cell acute lymphoblastic leukemia (r/r B-ALL).
B-cell acute lymphoblastic leukemia (B-ALL) is the most common malignancy in paediatric[1]. Resistance to chemotherapeutic agents resulting in disease relapse and progression, and survival following relapse is poor in patients with B-ALL. Salvage chemotherapy could be an option, but it is not sufficient to cure relapsed or refractory aggressive disease. Long term survival was limited due to poor response, low remission rate, and high relapse rate after salvage chemotherapy. At present, there is no standard effective treatment for r/r B-ALL. Allogeneic hematopoietic stem cell transplantation (allo-HSCT) emerged as a promising strategy, nevertheless, the long-term survival rate still cannot achieve satisfaction[2]. Disease relapse after therapies remain a significant challenge, and novel treatment options are still urgently needed to prolong the long-term survival for patients with r/r B-ALL.
This study (JWCAR029-006) a phase I, open-label, single-arm, dose escalation study in China, which aims to evaluate the safety, efficacy, and pharmacokinetics profile of Carteyva® in pediatric and young adult patients with r/r B-ALL, and also to determine the recommended phase II dose (RP2D).
References
1. Araoz, H. V., D'Aloi, K., Foncuberta, M. E., Sanchez La Rosa, C. G., Alonso, C. N., Chertkoff, L., & Felice, M. (2015). Pharmacogenetic studies in children with acute lymphoblastic leukemia in Argentina. Leuk Lymphoma, 56(5), 1370-1378. doi:10.3109/10428194.2014.951844
2. Spyridonidis, A., Labopin, M., Schmid, C., Volin, L., Yakoub-Agha, I., Stadler, M. Rocha, V. (2012). Outcomes and prognostic factors of adults with acute lymphoblastic leukemia who relapse after allogeneic hematopoietic cell transplantation. An analysis on behalf of the Acute Leukemia Working Party of EBMT. Leukemia, 26(6), 1211-1217. doi:10.1038/leu.2011.351
About Relmacabtagene Autoleucel Injection (trade name: Carteyva®)
Relmacabtagene autoleucel injection (abbreviated as relma-cel, trade name: Carteyva®) is an autologous anti-CD19 CAR-T cell immunotherapy product independently developed by JW Therapeutics based on a CAR-T cell process platform of Juno Therapeutics (a Bristol Myers Squibb company). Being the first product of JW Therapeutics, relma-cel was approved by the China National Medical Products Administration (NMPA) in September 2021 for the treatment of adult patients with relapsed or refractory large B-cell lymphoma after two or more lines of systemic therapy, making it the first CAR-T product approved as Category 1 biologics product in China. Currently, it is the only CAR-T product in China that has been simultaneously included in the National Significant New Drug Development Program, granted priority review and breakthrough therapy designations.
About JW Therapeutics
JW Therapeutics (HKEx: 2126) is an independent and innovative biotechnology company focusing on developing, manufacturing and commercializing cell immunotherapy products. Founded in 2016, JW Therapeutics is committed to becoming an innovation leader in cell immunotherapy. The company has built a top world-class platform for technology and product development in cell immunotherapy, as well as a promising product pipeline covering both hematologic malignancies and solid tumors, to bring the hope of a cure for Chinese and global patients, and to lead the healthy and standardized development of China's cell immunotherapy industry. For more information, please visit www.jwtherapeutics.com.
Forward-Looking Statements
The forward-looking statements are based on the management's expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described. Significant risks and uncertainties, include those discussed below and more fully described in Hong Kong Exchanges and Clearing Limited (HKEx) reports filed by the Company. Unless otherwise noted, the Company is providing this information as of the date it publicized, and expressly disclaims any duty to update information contained in the issues and relevant information, or provide any explanation. For detailed information, please visit the company website: www.jwtherapeutics.com/en/forward-looking-statements/.
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| 2022-04-20T10:39:32Z
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HOUSTON, April 20, 2022 /PRNewswire/ -- KBR (NYSE: KBR) announced that it has been awarded a 7-year contract with an option to extend for another 3 years, for the provision of General Maintenance Services (GMS) by Saudi Aramco TOTAL Refining and Petrochemical Company (SATORP), for its project in Jubail, Kingdom of Saudi Arabia.
Under the terms of the contract, KBR will provide preventive, predictive, corrective, and shutdown maintenance services at the refinery, with a focus on continuous improvement and sustainable asset performance. By integrating lessons learned from a decade-long partnership, KBR aims to achieve top quartile plant performance while optimizing costs.
"We are excited to continue building on our longstanding partnership with SATORP. This contract marks the beginning of a broader and increasingly strategic journey for SATORP, and KBR is proud to deliver world-class solutions using the industry's best maintenance and reliability practices," said Jay Ibrahim, KBR President, Sustainable Technology Solutions.
Through this partnership, KBR reaffirms its commitment to Saudization and maintaining a Zero Harm safety culture at the refinery.
KBR has been a pioneer in the downstream industry for over 70 years and has delivered several large-scale maintenance projects for some of the world's largest and technically complex downstream facilities.
About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 28,000 people performing diverse, complex and mission critical roles in 34 countries.
KBR is proud to work with its customers across the globe to provide technology, value-added services, and long- term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.
Visit www.kbr.com
Forward Looking Statement
The statements in this press release that are not historical statements, including statements regarding future financial performance, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond the company's control that could cause actual results to differ materially from the results expressed or implied by the statements. These risks and uncertainties include, but are not limited to: the significant adverse impacts on economic and market conditions of the COVID-19 pandemic and the company's ability to respond to the resulting challenges and business disruption; the recent dislocation of the global energy market; the company's ability to manage its liquidity; the outcome of and the publicity surrounding audits and investigations by domestic and foreign government agencies and legislative bodies; potential adverse proceedings by such agencies and potential adverse results and consequences from such proceedings; changes in capital spending by the company's customers; the company's ability to obtain contracts from existing and new customers and perform under those contracts; structural changes in the industries in which the company operates; escalating costs associated with and the performance of fixed-fee projects and the company's ability to control its cost under its contracts; claims negotiations and contract disputes with the company's customers; changes in the demand for or price of oil and/or natural gas; protection of intellectual property rights; compliance with environmental laws; changes in government regulations and regulatory requirements; compliance with laws related to income taxes; unsettled political conditions, war and the effects of terrorism; foreign operations and foreign exchange rates and controls; the development and installation of financial systems; the possibility of cyber and malware attacks; increased competition for employees; the ability to successfully complete and integrate acquisitions; and operations of joint ventures, including joint ventures that are not controlled by the company.
The company's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks, and other U.S. Securities and Exchange Commission filings discuss some of the important risk factors that the company has identified that may affect its business, results of operations and financial condition. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
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| 2022-04-20T10:39:38Z
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INCREASES DIVIDEND TO $0.42 PER SHARE FOR FIRST QUARTER
MEDFORD, Ore., April 20, 2022 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today reported the highest first quarter revenue and earnings per share in company history.
First quarter 2022 revenue increased 54% to $6.7 billion from $4.3 billion in the first quarter of 2021.
First quarter 2022 net income attributable to LAD per diluted share was $11.55, a 99% increase from $5.81 per diluted share reported in the first quarter of 2021. Adjusted first quarter 2022 net income attributable to LAD per diluted share was $11.96, a 103% increase compared to $5.89 per diluted share in the same period of 2021.
First quarter 2022 net income was $344 million, a 120% increase compared to net income of $156 million in the same period of 2021. Adjusted first quarter 2022 net income was $356 million, a 125% increase compared to adjusted net income of $158 million for the same period of 2021.
As shown in the attached non-GAAP reconciliation tables, the 2022 first quarter adjusted results exclude a $0.41 per diluted share net non-core charge related to a non-cash unrealized investment loss and acquisition expenses, partially offset by a net gain on the sale of stores. The 2021 first quarter adjusted results include a $0.08 per diluted share net non-core charge related to a non-cash unrealized investment loss, a net loss on the sale of stores, insurance reserves, and acquisition expenses.
First Quarter-over-Quarter Comparisons and Operating Highlights:
- Revenues increased 54.4%
- New vehicle retail revenues increased 39.6%
- Used vehicle retail revenues increased 65.2%
- Driveway reached 1 million monthly unique visitors
- Driveway achieved 3,100 transactions in March, quarterly transaction volumes increased over 1,000%
- Driveway Finance (DFC) became #1 lender to LAD customers with 6.2% penetration rate
- F&I per unit increased 28.6% to $2,260
- Service, body, and parts revenues increased 55.4%
- Total vehicle gross profit per unit increased 55.4% to $6,825
- Adjusted SG&A as a percentage of gross profit improved by 550 basis points from 62.6% to 57.1%
"Our teams delivered another record quarter with strong results across all channels," said Bryan DeBoer, Lithia & Driveway's President and CEO. "Our highly adaptable model generated significant free cash flows and Driveway and DFC each achieved impressive milestones. Combined with our teams' unique ability to quickly integrate acquired businesses, our path forward to being a diversified, omni-channel retailer has never been clearer."
Corporate Development
LAD recently acquired three Stellantis stores in Las Vegas, diversifying our brand mix in that growing market. Collectively the stores are expected to generate $400 million in annualized revenues. Year-to-date, LAD has acquired $1.1 billion in annualized revenues and since the announcement of the 2025 Plan in July 2020, we have acquired $11.5 billion in annualized revenues.
"Our recent strong performance has provided significant optionality in our execution of the 2025 Plan," said DeBoer. "We have deployed incremental capital to Driveway and DFC while maintaining our accelerated acquisition cadence and providing immediate shareholder return through opportunistic share repurchases. These actions are transforming LAD and bringing us closer to the day when each billion dollars of revenues produces significantly more than a dollar of EPS."
Balance Sheet Update
We ended the first quarter with approximately $1.6 billion in cash and availability on our revolving lines of credit. In addition, our unfinanced real estate could provide additional liquidity of approximately $1.1 billion.
Dividend Payment and Share Repurchases
Our Board of Directors approved a dividend of $0.42 per share related to first quarter 2022 financial results. We expect to pay the dividend on May 27, 2022 to shareholders of record on May 13, 2022.
Year-to-date, we have repurchased 515,130 shares at a weighted average price of $292.80. Approximately $572 million remains available under our authorization.
First Quarter Earnings Conference Call and Updated Presentation
The first quarter 2022 conference call may be accessed at 10:00 a.m. ET today by telephone at 877-407-8029. An updated presentation highlighting the first quarter 2022 results has been added to our investor relations website. To listen live on our website or for replay, visit investors.lithiadriveway.com and click on quarterly earnings.
About Lithia & Driveway (LAD)
LAD is a growth company focused on profitably consolidating the largest retail sector in North America through providing personal transportation solutions wherever, whenever, and however consumers desire.
Sites
www.lithia.com
investors.lithiadriveway.com
www.lithiacareers.com
www.driveway.com
www.greencars.com
www.drivewayfinancecorp.com
Lithia & Driveway on Facebook
https://www.facebook.com/LithiaMotors
https://www.facebook.com/DrivewayHQ
Lithia & Driveway on Twitter
https://twitter.com/lithiamotors
https://twitter.com/DrivewayHQ
https://twitter.com/GreenCarsHQ
Forward-Looking Statements
Certain statements in this presentation, and at times made by our officers and representatives, constitute forward-looking statements within the meaning of the "Safe Harbor"provisions of the Private Securities Litigation Reform Act of 1995. Generally, you can identify forward-looking statements by terms such as "project," "outlook," "target," "may," "will," "would," "should," "seek," "expect," "plan," "intend," "forecast," "anticipate," "believe," "estimate," "predict," "potential," "likely," "goal," "strategy," "future," "maintain," and "continue" or the negative of these terms or other comparable terms. Examples of forward-looking statements in this presentation include, among others, statements regarding:
- Future market conditions, including anticipated car and other sales levels and the supply of inventory
- Our business strategy and plans, including our 2025 Plan (or "50/50" Plan) and any business expansion
- The growth, expansion, make-up and success of our network, including our acquiring additional and accretive stores
- Annualized revenues from acquired stores
- The growth and performance of our Driveway e-commerce home solution and Driveway Finance, their synergies and other impacts on our business and our realizing Driveway and Driveway Finance-related targets
- The impact of sustainable vehicles and other market and regulatory changes on our business
- Our capital allocations and uses and levels of capital expenditures in the future
- Future expected operating and financial results, such as projections of improved store performance and generation of future revenue or earnings
- Our anticipated financial condition and liquidity, including from our cash and the future availability of our credit facility, unfinanced real estate and other financing sources
- Our continuing to purchase shares under our share repurchase program
- Impacts from the continued COVID-19 pandemic
- Our compliance with financial and restrictive covenants in our credit facility and other debt agreements
- Our programs and initiatives for employee recruitment, training, and retention
- Our strategies for customer retention, growth, market position, financial results and risk management
Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements in this presentation. Therefore, you should not rely on any of these forward-looking statements. The risks and uncertainties that could cause actual results to differ materially from estimated or projected results include, without limitation:
- Future national and local economic and financial conditions, including as a result of the COVID-19 pandemic, inflation and governmental programs and spending
- The market for dealerships, including the availability of stores to us for an acceptable price
- Changes in customer demand, our relationship with, and the financial and operational stability of, OEMs and other suppliers
- Changes in the competitive landscape, including through technology and our ability to deliver new products, services and customer experiences and a portfolio of in-demand and available vehicles
- Risks associated with our indebtedness, including available borrowing capacity, interest rates, compliance with financial covenants and ability to refinance or repay indebtedness on favorable terms
- The adequacy of our cash flows and other conditions which may affect our ability to fund capital expenditures, obtain favorable financing and pay our quarterly dividend at planned levels
- Disruptions to our technology network including computer systems, as well as natural events such as severe weather or man-made or other disruptions of our operating systems, facilities or equipment
- Government regulations and legislation
- The risks set forth throughout "Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" and in "Part I, Item 1A. Risk Factors" of our most recent Annual Report on Form 10-K, and in "Part II, Item 1A. Risk Factors" of our Quarterly Reports on Form 10-Q, and from time to time in our other filings with the SEC.
Any forward-looking statement made by us in this presentation is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by law, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Non-GAAP Financial Measures
This presentation contains non-GAAP financial measures such as adjusted net income and diluted earnings per share, adjusted SG&A as a percentage of revenue and gross profit, adjusted operating margin, adjusted operating profit as a percentage of revenue and gross profit, adjusted pre-tax margin and net profit margin, EBITDA, adjusted EBITDA, leveraged EBITDA and adjusted total debt. Non-GAAP measures do not have definitions under GAAP and may be defined differently by and not comparable to similarly titled measures used by other companies. As a result, we review any non-GAAP financial measures in connection with a review of the most directly comparable measures calculated in accordance with GAAP. We caution you not to place undue reliance on such non-GAAP measures, but also to consider them with the most directly comparable GAAP measures. We present cash flows from operations in the attached tables, adjusted to include the change in non-trade floor plan debt to improve the visibility of cash flows related to vehicle financing. As required by SEC rules, we have reconciled these measures to the most directly comparable GAAP measures in the attachments to this release. We believe the non-GAAP financial measures we present improve the transparency of our disclosures; provide a meaningful presentation of our results from core business operations, because they exclude items not related to core business operations and other non-cash items; and improve the period-to-period comparability of our results from core business operations. These presentations should not be considered an alternative to GAAP measures.
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SOURCE Lithia Motors, Inc.
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https://www.whsv.com/prnewswire/2022/04/20/lithia-amp-driveway-lad-increases-revenue-54-eps-99-adjusted-eps-103-record-first-quarter-performance/
| 2022-04-20T10:39:45Z
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BUFFALO, N.Y., April 20, 2022 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) today reported its results of operations for the quarter ended March 31, 2022.
GAAP Results of Operations. Diluted earnings per common share measured in accordance with generally accepted accounting principles ("GAAP") were $2.62 in the first quarter of 2022, compared with $3.33 in the year-earlier quarter and $3.37 in the fourth quarter of 2021. GAAP-basis net income was $362 million in the recent quarter, $447 million in the first quarter of 2021 and $458 million in the final 2021 quarter. GAAP-basis net income in the initial quarter of 2022 expressed as an annualized rate of return on average assets and average common shareholders' equity was .97% and 8.55%, respectively, compared with 1.22% and 11.57%, respectively, in the similar 2021 period and 1.15% and 10.91%, respectively, in the fourth quarter of 2021. Included in noninterest expenses in the recent quarter were merger-related expenses associated with M&T's acquisition of People's United Financial, Inc. ("People's United") of $17 million ($13 million after-tax effect, or $.10 of diluted earnings per common share), compared with $10 million ($8 million after-tax effect, or $.06 of diluted earnings per common share) in the year-earlier quarter and $21 million ($16 million after-tax effect, or $.12 of diluted earnings per share) in the fourth quarter of 2021.
On March 4, 2022, M&T received Federal Reserve approval to acquire People's United and on April 1, 2022 closed the acquisition. Pursuant to the terms of the merger agreement, People's United shareholders received consideration valued at .118 of an M&T common share in exchange for each common share of People's United. Additionally, People's United outstanding preferred stock was converted into shares of Series H preferred stock of M&T (NYSE: MTBPrH). The purchase price totaled approximately $8.4 billion (with the price based on M&T's close price of $164.66 per share as of April 1, 2022). Excluding the impact of acquisition accounting adjustments, as of March 31, 2022 People's United reported total assets of approximately $63.0 billion, total liabilities of approximately $55.5 billion and total shareholders' equity of approximately $7.5 billion.
Darren J. King, Chief Financial Officer, commented on M&T's results, "The first quarter results continue to reflect M&T's strong credit underwriting as evidenced by historically low charge-offs for the quarter and a stable allowance for credit losses. Revenues were in line with expectations and expenses, which include the usual seasonal increase in salaries and employee benefits expense, were prudently managed. Our capital position remains very strong with an estimated Common Equity Tier 1 ratio of 11.6%, compared with 11.4% at last year's end. We were excited to close the People's United merger and look forward to working together with our new colleagues to expand our premier banking franchise."
Supplemental Reporting of Non-GAAP Results of Operations. M&T consistently provides supplemental reporting of its results on a "net operating" or "tangible" basis, from which M&T excludes the after-tax effect of amortization of core deposit and other intangible assets (and the related goodwill and core deposit and other intangible asset balances, net of applicable deferred tax amounts) and expenses associated with merging acquired operations into M&T (when incurred), since such items are considered by management to be "nonoperating" in nature. The amounts of such "nonoperating" expenses are presented in the tables that accompany this release. Although "net operating income" as defined by M&T is not a GAAP measure, M&T's management believes that this information helps investors understand the effect of acquisition activity in reported results.
Diluted net operating earnings per common share were $2.73 in the first quarter of 2022, compared with $3.41 in the year-earlier quarter and $3.50 in the fourth quarter of 2021. Net operating income aggregated $376 million in the recent quarter, $457 million in the first quarter of 2021 and $475 million in 2021's fourth quarter. Expressed as an annualized rate of return on average tangible assets and average tangible common shareholders' equity, net operating income in the first quarter of 2022 was 1.04% and 12.44%, respectively, 1.29% and 17.05%, respectively, in the similar quarter of 2021 and 1.23% and 15.98%, respectively, in the fourth quarter of 2021.
Taxable-equivalent Net Interest Income. Net interest income expressed on a taxable-equivalent basis totaled $907 million in the recent quarter, compared with $985 million in the first quarter of 2021 and $937 million in the fourth quarter of 2021. The decrease compared with the earlier quarters reflects lower outstanding average loan balances, including significantly reduced balances of loans made under the Paycheck Protection Program ("PPP"). Two fewer days in the recent quarter also contributed to the reduced net interest income as compared with 2021's fourth quarter. Average loans outstanding and the net interest margin were $92.2 billion and 2.65%, respectively, in the first quarter of 2022, compared with $99.4 billion and 2.97%, respectively, in the year earlier quarter and $93.3 billion and 2.58%, respectively, in the fourth quarter of 2021. Outstanding PPP loans averaged $870 million in 2022's first quarter, compared with $5.73 billion in the first quarter of 2021 and $1.65 billion in the fourth quarter of 2021.
Provision for Credit Losses/Asset Quality. The provision for credit losses was $10 million in the recent quarter, compared with provision recaptures of $25 million and $15 million recorded in the first and fourth quarters of 2021, respectively. Net loan charge-offs were $7 million in the first quarter of 2022, greatly improved from $75 million in the first quarter of 2021 and $31 million in 2021's final quarter. Expressed as an annualized percentage of average loans outstanding, net charge-offs were .03% and .31% in the first quarters of 2022 and 2021, respectively, and .13% in the fourth quarter of 2021.
Loans classified as nonaccrual totaled $2.13 billion at March 31, 2022, up from $1.96 billion at March 31, 2021 and $2.06 billion at December 31, 2021. Nonaccrual loans a percentage of total loans were 2.32% at the recent quarter-end, compared with 1.97% a year earlier and 2.22% at December 31, 2021. Assets taken in foreclosure of defaulted loans were $24 million at each of March 31, 2022 and December 31, 2021, compared with $30 million at March 31, 2021.
Allowance for Credit Losses. M&T regularly performs comprehensive analyses of its loan portfolios and assesses forecasted economic conditions for purposes of determining the adequacy of the allowance for credit losses. As a result of those procedures, the allowance for credit losses totaled $1.47 billion or 1.60% of loans outstanding at March 31, 2022, compared with $1.64 billion or 1.65% at March 31, 2021 and $1.47 billion or 1.58% at December 31, 2021. The allowance at March 31, 2022, March 31, 2021, and December 31, 2021 represented 1.61%, 1.75%, and 1.60%, respectively, of total loans on those dates, excluding outstanding balances of PPP loans.
Noninterest Income and Expense. Noninterest income totaled $541 million in the first quarter of 2022, up from $506 million in the year-earlier quarter. That increase was reflective of higher trust income, service charges on deposit accounts, brokerage services income, as well as a $30 million distribution from Bayview Lending Group LLC, partially offset by decreased mortgage banking revenues that reflect the impact of M&T's decision to retain recently originated mortgage loans in portfolio rather than sell such loans. Noninterest income was $579 million in last year's fourth quarter. The comparative decline in the recent quarter was predominantly the result of the decreased mortgage banking revenues.
Noninterest expense totaled $960 million in the first quarter of 2022, compared with $919 million in the similar quarter of 2021 and $928 million in the fourth quarter of 2021. Excluding expenses considered to be nonoperating in nature, such as amortization of core deposit and other intangible assets and merger-related expenses, noninterest operating expenses were $941 million in the recent quarter, $907 million in the first quarter of 2021 and $904 million in 2021's fourth quarter. Factors contributing to the increase in noninterest operating expenses in the recent quarter as compared with the year-earlier quarter were higher costs for salaries and employee benefits (including increased incentive compensation expenses), outside data processing and software, offset by lower pension-related expenses. As compared with the fourth quarter of 2021, the increased level of noninterest operating expenses in the recent quarter resulted largely from seasonally higher salaries and employee benefits, including increased stock-based compensation, payroll-related taxes and other employee benefits, partially offset by lower pension-related and professional services costs.
The efficiency ratio, or noninterest operating expenses divided by the sum of taxable-equivalent net interest income and noninterest income (exclusive of gains and losses from bank investment securities), measures the relationship of operating expenses to revenues. M&T's efficiency ratio was 64.9% in the first quarter of 2022, 60.3% in the year-earlier quarter and 59.7% in the fourth quarter of 2021.
Balance Sheet. M&T had total assets of $149.9 billion at March 31, 2022, compared with $150.5 billion and $155.1 billion at March 31, 2021 and December 31, 2021, respectively. Loans and leases, net of unearned discount, were $91.8 billion at March 31, 2022, compared with $99.3 billion at March 31, 2021 and $92.9 billion at December 31, 2021. The lower level of loans and leases at the recent quarter-end as compared with the earlier dates noted is largely a reflection of declines in balances of PPP loans outstanding. PPP loans totaled $592 million at March 31, 2022, down from $6.2 billion at March 31, 2021 and $1.2 billion at December 31, 2021. Total deposits were $126.3 billion at the recent quarter-end, $128.5 billion a year earlier and $131.5 billion at December 31, 2021.
Total shareholders' equity was $17.9 billion at each of March 31, 2022 and December 31, 2021, or 11.93% and 11.54% of total assets, respectively, and $16.4 billion, or 10.93% at March 31, 2021. Common shareholders' equity was $16.1 billion, or $124.93 per share, at March 31, 2022, compared with $15.2 billion, or $118.12 per share, a year-earlier and $16.2 billion, or $125.51 per share, at December 31, 2021. Tangible equity per common share was $89.33 at March 31, 2022, $82.35 at March 31, 2021 and $89.80 at December 31, 2021. In the calculation of tangible equity per common share, common shareholders' equity is reduced by the carrying values of goodwill and core deposit and other intangible assets, net of applicable deferred tax balances. M&T estimates that the ratio of Common Equity Tier 1 to risk-weighted assets under regulatory capital rules was approximately 11.6% at March 31, 2022, up from 11.4% three months earlier and 10.4% at March 31, 2021.
Conference Call. Investors will have an opportunity to listen to M&T's conference call to discuss first quarter financial results today at 11:00 a.m. Eastern Time. Those wishing to participate in the call may dial (866) 342-8591. International participants, using any applicable international calling codes, may dial (203) 518-9713. Callers should reference M&T Bank Corporation or the conference ID #MTBQ122. The conference call will be webcast live through M&T's website at https://ir.mtb.com/events-presentations. A replay of the call will be available through Wednesday April 27, 2022 by calling (800) 723-0389, or (402) 220-2647 for international participants. No conference ID is required. The event will also be archived and available by 3:00 p.m. today on M&T's website at https://ir.mtb.com/events-presentations.
About M&T. M&T is a financial holding company headquartered in Buffalo, New York. On April 1, M&T successfully completed the acquisition of People's United. The combined company employs more than 22,000 people and has a network of over 1,000 branches and 2,200 ATMs. M&T's principal banking subsidiary, M&T Bank, operates banking offices in 12 states across the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided by M&T's Wilmington Trust-affiliated companies in select markets in the U.S. and abroad and by M&T Bank. For more information on M&T Bank, visit www.mtb.com.
In February, M&T Bank received 29 regional and national Greenwich Excellence awards and six Greenwich Best Brand awards, continuing its streak as one of the nation's highest rated banks for the customer experience it provides to businesses. M&T Bank earned the most awards of any bank in the country for small business banking and its combined total across small business and middle market categories also led the nation.
Forward-Looking Statements. This news release and related conference call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the rules and regulations of the SEC. Any statement that does not describe historical or current facts is a forward-looking statement, including statements based on current expectations, estimates and projections about M&T's business, and management's beliefs and assumptions.
Statements regarding the potential effects of the war in Ukraine, the COVID-19 pandemic and other notable national and global current events on M&T's business, financial condition, liquidity and results of operations may constitute forward-looking statements and are subject to the risk that the actual effects may differ, possibly materially, from what is reflected in those forward-looking statements due to factors and future developments that are uncertain, unpredictable and in many cases beyond M&T's control.
Forward-looking statements are typically identified by words such as "believe," "expect," "anticipate," "intend," "target," "estimate," "continue," or "potential," by future conditional verbs such as "will," "would," "should," "could," or "may," or by variations of such words or by similar expressions. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions ("future factors") which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Also as described further below, statements regarding M&T's expectations or predictions regarding the acquisition of People's United are forward-looking statements, including statements regarding the expected financial results, prospects, targets, goals and outlook.
Future factors include the impact of the People's United transaction (as described in the next paragraph); the impact of the war in Ukraine; the impact of the COVID-19 pandemic; economic conditions including inflation; changes in interest rates, spreads on earning assets and interest-bearing liabilities, and interest rate sensitivity; prepayment speeds, loan originations, credit losses and market values on loans, collateral securing loans, and other assets; sources of liquidity; common shares outstanding; common stock price volatility; fair value of and number of stock-based compensation awards to be issued in future periods; the impact of changes in market values on trust-related revenues; legislation or regulations affecting the financial services industry and/or M&T and its subsidiaries individually or collectively, including tax policy; regulatory supervision and oversight, including monetary policy and capital requirements; governmental and public policy changes; the outcome of pending and future litigation and governmental proceedings, including tax-related examinations and other matters; changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board, regulatory agencies or legislation; increasing price, product and service competition by competitors, including new entrants; rapid technological developments and changes; the ability to continue to introduce competitive new products and services on a timely, cost-effective basis; the mix of products and services; containing costs and expenses; protection and validity of intellectual property rights; reliance on large customers; technological, implementation and cost/financial risks in large, multi-year contracts; continued availability of financing; financial resources in the amounts, at the times and on the terms required to support M&T and its subsidiaries' future businesses; and material differences in the actual financial results of merger, acquisition and investment activities compared with M&T's initial expectations, including the full realization of anticipated cost savings and revenue enhancements.
In addition, future factors related to the acquisition of People's United include, among others: the outcome of any legal proceedings that may be instituted against M&T; the possibility that the anticipated benefits of the transaction will not be realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where M&T does business; the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; diversion of management's attention from ongoing business operations and opportunities; potential adverse reactions or changes to business or employee relationships; M&T's success in executing its business plans and strategies and managing the risks involved in the foregoing; the business, economic and political conditions in the markets in which M&T operates; and other factors that may affect future results of M&T.
Future factors related to the acquisition also include risks, such as, among others: that there could be an adverse effect on M&T's ability to retain customers and retain or hire key personnel and maintain relationships with customers; that integration efforts may be more difficult or time-consuming than anticipated, including in areas such as sales force, cost containment, asset realization, systems integration and other key strategies; that profitability following the combination may be lower than expected including for possible reasons such as lower than expected revenues or higher or unexpected costs, charges or expenses resulting from the transaction; unforeseen risks relating to liabilities of M&T or People's United that may exist; and other factors that may affect future results of M&T.
These are representative of the future factors that could affect the outcome of the forward-looking statements. In addition, such statements could be affected by general industry and market conditions and growth rates, general economic and political conditions, either nationally or in the states in which M&T and its subsidiaries do business, including interest rate and currency exchange rate fluctuations, changes and trends in the securities markets, and other future factors.
M&T provides further detail regarding these risks and uncertainties in its Form 10-K for the year-ended December 31, 2021, including in the Risk Factors section of such report, as well as in other SEC filings. Forward-looking statements speak only as of the date made and M&T does not assume any duty and does not undertake to update forward-looking statements.
INVESTOR CONTACT:
Brian Klock
(716) 842-5138
MEDIA CONTACT:
Maya Dillon
(646) 735-1958
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SOURCE M&T Bank Corporation
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| 2022-04-20T10:39:52Z
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- A new era begins for Lexus under the vision of 'Lexus Electrified'
- The all-new RZ brings a unique Lexus driving experience based on the 'Lexus Electrified' vision
- Using a new all-wheel drive system called DIRECT4, RZ offers drivers a refined, human-centered driving experience
- A design pursuing a uniquely Lexus BEV identity and proportions, born from a dynamic driving experience
- Advanced safety technologies and omotenashi features based on a human-centered approach
PLANO, Texas, April 20, 2022 /PRNewswire/ -- Lexus is proud to unveil details of the all-new 2023 RZ 450e, the luxury brand's first global Battery EV (BEV).
Since the launch of the RX400h in 2005, Lexus has been a pioneer of electrification within the luxury market. As with the first RX hybrid model, Lexus engineers have imbued the brand's hybrid vehicles with an excellent driving identity and environmental performance. Under the 'Lexus Electrified' vision, Lexus aims to invigorate all guests' authentic love for driving exhilaration, and in doing so, will broaden its Lexus Electrified portfolio of hybrid electric vehicle (HEV), battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) products to exceed the needs and expectations of a more diverse set of luxury buyers.
The portfolio expansion will move Lexus toward another essential goal: The realization of a sustainable global society. Lexus will contribute to achieving a carbon-neutral society by offering a full lineup of BEVs in all categories by 2030. Five years later, Lexus seeks to attain 100% BEV sales globally. To meet these challenges, Lexus will rigorously improve its products, along with the expertise of its personnel, by repeating "drive and fix" development at Toyota Technical Center Shimoyama (TTCS), Lexus' new operational base.
"We believe that Lexus, an established luxury automaker, should continue pursuing the creation of exciting cars while respecting nature and the global environment to achieve a carbon-neutral society," said Takashi Watanabe, chief engineer, 'Lexus Electrified', Lexus International. "The RZ has been developed with the aim of creating a uniquely Lexus BEV that feels secure to ride in, is pleasing to the touch, and is exhilarating to drive. DIRECT4, the core technology of 'Lexus Electrified,' is all-wheel drive system that achieves quick and linear response according to driver input. We will continue to take on the challenge of providing customers with new experiences and a uniquely Lexus BEV driving experience."
As Lexus' first global BEV model, the all-new RZ marks Lexus' transition into a BEV-centered brand, and it embodies the unique Lexus vehicle design and driving experience made available through advanced, electrified technology. The utilization of a BEV-specific platform (e-TNGA), as well as a lightweight and highly rigid body, has enhanced the fundamental performance of the vehicle by achieving optimal weight distribution through ideal placement of the battery and motor. In addition, the DIRECT4 all-wheel drive system and the adoption of a new steering control and available Steer by Wire system enable vehicle control that is more true to the driver's
ntention.
The exterior design expresses the seamless acceleration and dynamic torque-filled performance specific to BEVs. Lexus' identifiable spindle grille is replaced by a BEV Spindle Body. The new front bumper design focuses on aerodynamic efficiencies, optimized proportions and style, versus serving the cooling and exhaust needs of an internal combustion engine. This styling evolution ushers in a new Lexus aesthetic and establishes a new design direction for BEV offerings.
Within the spindle body is a minimalist, spacious interior focused on amplifying a sustainable mobility message and Sustainability Development Goals (SDGs) through its application of mindfully sourced materials. Though simplistic, the space is luxurious thanks to its crafted touches and advanced technologies. In addition, the cabin features a standard panoramic roof which visually opens the space, while passenger comfort is improved by a highly efficient heating system featuring a Lexus-first radiant heater.
THE EVOLUTION OF THE "LEXUS DRIVING SIGNATURE" THROUGH ELECTRIFICATION
The "Lexus Driving Signature" (LDS) is a uniquely Lexus driving experience that aims to achieve predictable, linear response according to the driver's intentions. In the RZ, the high-precision motor torque control and optimal battery and motor placement help to achieve ideal weight distribution and high response.
This concept is called "The Natural" and is based on the DIRECT4 all-wheel drive system that controls front and rear drive force according to driving and road surface conditions. It achieves driving performance where the vehicle directly responds according to the driver's input, taking the "Lexus Driving Signature" to an even higher level.
DIRECT4: SUPPORTS A MORE ENGAGING DRIVING PERFORMANCE
DIRECT4 and the newly developed high-output electronic axle (eAxle) motor continuously controls the drive force of the four wheels with high precision. It works according to the ground contact load of the vehicle regardless of road surface and driving conditions to achieve an exhilarating driving experience in line with the driver's intention.
The DIRECT4 distribution control uses wheel vehicle speed, acceleration and steering angle sensor information to control front-to-rear drive force ratio distribution between 100:0 and 0:100. This contributes to improved start-up acceleration, handling stability and low power consumption. The system uses an approximate front-to-rear drive force ratio distribution between 60:40 and 40:60 to minimize vehicle pitch during launch and straight-line acceleration, thereby achieving a direct acceleration feel. Vital information such as cornering speed and steering angle help to optimize drive force distribution according to various driving conditions and helps attain excellent handling stability. When the steering wheel is turned, drive force is biased to the front wheels (distributing drive force between 75:25 and 50:50) so RZ responds nimbly and provides excellent steering feel. When exiting a corner, torque distribution to the rear wheels is further increased (between 50:50 and 20:80) to ensure ample traction while controlling vehicle pitch. For RZ, engineers have achieved a refined driving feel by orchestrating the seamless operation of their accumulated electrification and dynamic vehicle movement control technologies.
The newly developed eAxle fully integrates the motor, transaxle and inverter within a compact unit to benefit cruise range, spacious interior and excellent design. The front eAxle is packaged with a short front/rear system layout, while the rear eAxle features a low-profile layout contributing to increased interior and cargo space. In addition, the use of a high-efficiency inverter having an element in the rear, contributes to an increase in cruise range.
A new pressurization unit enables coordinated front and rear regenerative braking through independent front and rear hydraulic control. The new braking system aims to provide seamless, direct and controlled braking under the direction of the Lexus Driving Signature. Based on Lexus' hybrid electric technology experience and achievements over the years, the regenerative braking system improves regenerative energy efficiency to increase cruise range, while enhancing brake feel. Stable vehicle posture is achieved by optimizing the distribution of braking force to the front and rear wheels in response to the amount of braking by the driver. Furthermore, ergonomic brake pedal pads are used for easy pedal changes and pedal depression.
AVAILABLE STEER BY WIRE WITH INNOVATIVE STEERING CONTROL ELEVATE THE HUMAN-MACHINE CONNECTION
Available in the U.S. at a future date, the Lexus-first Steer by Wire system enables the electronic exchange of steering and road surface information between the advanced steering control and tires via electrical signals, not mechanical linkage.
The control's steering angle is set at approximately 150 degrees, thus greatly reducing the driver's workload and eliminating the need for hand-over-hand operation at intersections, U-turns, parking, winding roads and other driving situations. Unhindered by a sizeable standard steering wheel, designers crafted the steering control's compact shape and lowered the instrument meter's placement to encourage driver engagement and environmental awareness.
A cockpit space encouraging even more engagement with the car has been achieved by minimizing driver eye movement during driving and naturally drawing the driver's eyes forward. With Steer by Wire enabling the electronic exchange of steering and road surface information between the steering wheel and tires via electrical signals, Lexus focused on the quality and transmission speed of important driving information. The system achieves maneuverable and confidence inspiring performance through precise judgment, by blocking out unnecessary vibrations from the tires and brakes, only relaying vital driving information such as road information to the driver.
When Lane Tracing Assist is activated, the wheels are controlled as needed, allowing for gentle steering and vehicle movement. Furthermore, in addition to the vehicle's overall maneuverability, the system provides nimble and agile performance on winding roads and high-speed stability on the highways by optimizing the steering gear ratio according to vehicle condition.
IMPROVED FUNDAMENTALS, ENLIVENED PERFORMANCE
RZ utilizes a Lexus-first, dedicated BEV platform (e-TNGA) to significantly evolve the vehicle performance and provide the exhilarating joy of driving. The platform offers stability and ride comfort by mounting the battery under the vehicle floor creating a low center of gravity. The body is strengthened by reinforcing the radiator support area and adding a V-shaped brace for excellent handling performance. In addition, the tow bar and fender braces improve steering response, while the reinforcement in the lower back section improves rear tracking.
Laser screw welding, structural adhesives and laser peening welding technologies are proactively used to join the body frame to improve handling stability and ride comfort. The addition of a double ring structure and a highly rigid foaming agent prevents distortion to reduce deformation of the rear luggage opening.
Up front, RZ rides atop MacPherson strut type suspension, while its rear uses a trailing arm double wishbone configuration. For the first time, Lexus uses Frequency Reactive Dampers (FRD*1 II), a frequency-sensitive absorber that alters the dampening force on the extension stroke in response to road surface frequency input. The FRD setup gives a high level of handling stability without compromising ride comfort. With FRD and optimized dedicated BEV platform, key Lexus Driving Signature traits such as the precise control of sprung weight, along with natural posture changes, a tactile steering feel and the linear responses of steering, braking and acceleration operations are enabled.
A QUIET SPACE HAVING A SPECIAL LEXUS SOUND
To bring the exhilaration of driving through sound, Lexus engineers created expressive in-cabin sounds to convey the exhilaration of driving. Engineers matched sound frequencies to the vehicle's speed and sound levels during dynamic actions such as acceleration. In addition, the underfloor battery functions as a sound barrier and the entire perimeter of the hood opening is sealed to eliminate noise caused by turbulent airflow. Unwanted noise is also suppressed through the use of front/rear seat acoustic glass, and a new weatherstripping cross section creates quiet, conversation-friendly space, even when driving at high speeds.
A BEV SYSTEM INFORMED LEXUS' HEV DEVELOPMENT
Lexus developed a system that maximizes the advantages of the dedicated platform by using technology and knowhow derived from the brand's hybrid vehicle development. The use of BEV-exclusive, high-capacity batteries and silicon carbide power semiconductor elements in the inverter*2, as well as the incorporation of low-loss technologies cultivated in the development of HEVs, contribute to extending the single-charge cruise range of the vehicle. The current U.S. manufacturer-estimated range is up to 225*3 miles with 18-inch tires.
*1 FRD: Frequency Reactive Damper
*2 First use of silicon carbide power semiconductor elements in the inverter by Toyota/Lexus
*3 Current U.S. market manufacturer-estimated range
A DESIGN THAT PURSUES A UNIQUE LEXUS BEV IDENTITY AND PROPORTIONS BORN FROM A DYNAMIC DRIVING EXPERIENCE
The all-new RZ continues the design language of the next generation of Lexus by pursuing a unique identity and proportions born from a dynamic driving experience. The design concept is "Seamless E-Motion," expressing seamless acceleration and a dynamic sense of torque unique to a BEV. Furthermore, the elimination of the internal combustion engine has changed the functional requirements of the front end and challenged Lexus to create a new visual identity through the adoption of a "spindle body" design.
The interior is inspired by the BEV's dynamic performance, presenting a clean and nimble image. A sense of refinement and high-quality craftsmanship exists, even within a space pursuing functional essence. Based the innovative tazuna concept, the cabin welcomes its passengers with an airy feeling and intuitive controls specifically oriented around the driver. As such, the tazuna inspiration seamlessly connects human with machine and emphasizes concentration on driving.
SHAPED FOR AERODYNAMIC PERFORMANCE
RZ's spindle shape design generates a distinctive roof spoiler to suppress aerodynamic force acting on the body in a crosswind. This ensures a more stable driving feel. The center of the roof is shaped to allow air to flow smoothly from the sloped rear glass surface to the rear of the vehicle. The ducktail shape on the end of the trunk reduces aerodynamic drag by balancing the aft air flow. In addition, the generated downforce contributes to a stable driving feel. An undercover is used to flatten the underbody to reduce aerodynamic drag.
Having no engine to cool results in a low hood design and minimal front grille opening. The grille uses a grille shutter to improve aerodynamic efficiency. When cooling air is not required, the grille shutter is closed to reduce air resistance.
The seamless acceleration and dynamic performance of BEVs is expressed in the exterior design. Lexus' identifiable spindle grille is replaced by a BEV Spindle Body. The new front bumper design focuses on aerodynamic efficiencies, optimized proportions and style, versus serving the cooling and exhaust needs of an internal combustion engine. This styling evolution ushers in a new Lexus aesthetic and establishes a new design direction for BEV offerings.
Within the spindle body is a minimalist, spacious interior focused on amplifying a sustainable mobility message and Sustainability Development Goals (SDGs) through its application of mindfully sourced materials. Though simplistic, the space is luxurious thanks to its crafted touches and advanced technologies. In addition, the cabin features an available panoramic roof which visually opens the space, while passenger comfort is improved by a highly efficient heating system featuring a Lexus-first radiant heater.
From the side, the front fenders seemingly wrap around the wheels and tires, then flow rearward to express a powerful forward-moving momentum. The strong three-dimensional shape over the rear fenders emphasizes the tires' width and communicate the dynamic performance image of DIRECT4. In addition, the flowing contrast of the doors' sculpted shapes aims to achieve a captivating and scintillating surface.
The rear of the BEV features a clean and simple horizontal design matched to hips highlighting the wide stance; it is a look that accentuates the RZ's torque-filled performance identity. A new spelled out LEXUS logo (as first seen on the recently launched NX and LX) resides on the horizontal rear combination lamps. The lowered center portion of the red lens accentuates the logo type and emphasizes a sharp look.
Five exterior colors are also available, including "Ether," which evokes the nimble driving performance of BEVs. Furthermore, an available bi-tone color scheme lays solid black from the front of the spindle body to the upper hood and roof.
INSIDE: AN EXPANSIVE AND MINIMALISTIC, WELCOMING SPACE
The RZ's cabin is a minimalist, yet airy and maximally appointed luxury environment. The flowing shape from the doors integrates with the low positioned instrument panel. The door trim and console passing between the driver and passenger seat creates a clean, wide-open feel. In addition, the ultra-suede door trim ornamentation, seats and upper wood-grain console create a refined omotenashi, or anticipatory hospitality, space.
The long wheelbase provides a spacious rear seat space with a couple distance of 1000 mm (39.3 in). In addition, the rearward peaked cabin silhouette allows for ample rear headroom providing a sense of spaciousness for the passengers. The available panoramic roof further lends a sense of wide openness and front-to-rear expansiveness.
Two types of seat materials are used, including Ultrasuede, an upholstery material that pursues a sense of warm refinement using 30%-bio-based sustainable materials. The combination of a clean, modern space and simple surfaces with a focus on texture, expresses a welcoming sense of freedom.
The front cockpit, based on the tazuna concept, advances Lexus' human-centered philosophy. Tazuna represents the reins riders use to control horses. With steering wheel switches that are synced with the available Head-Up Display (HUD), drivers can control functions such as navigation, audio, and drive mode select while concentrating on driving.
Drivers and passengers can experience three interior colors options, including Orage, Palomino and Dapple Gray/Black. In addition, the world's first Shadowy illumination changes the shade of light projected on to the door trim ornament when the doors are opened and closed, adding new flair to the interior space.
ADVANCED SAFETY TECHNOLOGIES BASED ON A HUMAN-CENTERED APPROACH
The RZ uses the latest Lexus Safety System+ 3.0 set of driving aids, including standard Pre-Collision System, Dynamic Radar Cruise Control, Lane Departure Alert, and Emergency Driving Stop System.
LSS+ 3.0 on the 2023 RZ includes some additional features offered with the available driver monitor system.
- Dynamic Radar Cruise Control [DRCC] (with full-speed follow function): While enabled, the driver monitor system will check to see if the driver is attentive, and will judge the distance from the preceding vehicle, adjusting based on the distance (time) setting (four levels available) and automatically brake when too close.
- Lane Departure Alert [LDA]: When the driver monitor system is engaged, the system will detect the driver's level of alertness, and, if it determines the driver is inattentive, the system activates either the alert or the steering assist at an earlier time than usual.
- Emergency Driving Stop System [EDSS]: When Lane Trace Assist (LTA) is activated, if the driver monitor system determines that the driver becomes unable to continue driving the vehicle, the system will decelerate the vehicle and stop within the current lane to help avoid a collision or reduce the impact of a collision. To do this, the system first warns the surroundings by flashing the hazard lamps while gently decelerating the vehicle until the vehicle comes to a full stop.
Available advanced Park with remote function expands support for parallel parking. In addition to conventional back-up parking, forward-facing parking is now supported, enabling forward-facing/back-up exit. Additional driver and passenger comforts include radiant heaters1 to comfortably warm the passenger's knees while working with the air conditioner to provide a warm temperature at a reduced rate of battery consumption.
Both driver and passengers can enjoy the wide-open space created by the panoramic roof which is equipped with a Lexus-first, available dimming function, which instantly reduces the amount of light entering the cabin area.
*1 Located at the bottom of the steering column and at the bottom of the passenger instrument panel
ELEGANT, INTUITIVE MULTIMEDIA SYSTEM AND CONNECTED SERVICES
The RZ will feature the North American-developed Lexus Interface multimedia system recently launched on the NX and LX. The system will be accessible via voice commands and a 14-inch touchscreen.
The 2023 Lexus RZ 450e is expected to go on sale towards the end of 2022.
PREMILINARY SPECS
Main specifications of the new RZ (prototype)
*1 DIRECT4 is a registered trademark of Toyota Motor Corporation.
*2 J-WLTC mode development target values
About Lexus
Lexus' passion for brave design, imaginative technology, and exhilarating performance enables the luxury lifestyle brand to create amazing experiences for its customers. Lexus began its journey in 1989 with two luxury sedans and a commitment to pursue perfection. Since then, Lexus has developed its lineup to meet the needs of global luxury customers in more than 90 countries. In the United States, Lexus vehicles are sold through 244 dealers offering a full lineup of luxury vehicles. With six models incorporating Lexus Hybrid Drive, Lexus is the luxury hybrid leader. Lexus also offers eight F SPORT models, one F performance model and one F model. Lexus is committed to being a visionary brand that anticipates the future for luxury customers.
Media Contact
Amanda Roark
469-292-2636
amanda.roark@lexus.com
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| 2022-04-20T10:39:58Z
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STOCKHOLM, April 20, 2022 /PRNewswire/ -- Mentice AB (STO: MNTC) announces that the company will present its interim report via webcast conference call with the opportunity for interested parties to ask questions to CEO Göran Malmberg and CFO Gunilla Andersson.
To register for the presentation of the interim report for the period January - March 2022, which will be held on April 27 at 10:00 CEST, visit www.mentice.com/financial-reports-presentations.
The presentation will be held in English. Participants are advised to register at least a few minutes in advance.
For further information, please contact:
Göran Malmberg, CEO, Mentice
Email: goran.malmberg@mentice.com
Tel US: +1 (312) 860 5610
Tel Sweden: +46 (0) 703 09 22 22
Market place: Nasdaq First North Premier, Stockholm | Ticker symbol: MNTC
Certified Adviser: FNCA Sweden AB, tel +46 8 528 00 399 e-post info@fnca.se
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| 2022-04-20T10:40:05Z
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As the world begins building back post-pandemic, TBD Media Group brings together the businesses building a better planet for everyone
LONDON, April 20, 2022 /PRNewswire/ --The scale of the challenges facing humanity today are massive, but we should not be overwhelmed by them. That's the signal coming loud and clear from today's ambitious business leaders who make up the Vision 2045 project, dedicated to meeting the moment with innovation, collaboration, ingenuity and grit.
As we contemplate the long term fate of our planet, Vision 2045 provides a roadmap for our survival as a species and the ultimate fate of our world.
Acclaimed production company TBD Media Group has brought together businesses from around the world and across industries to showcase the actions being taken today that set the standard for better practices that protect people, planet and profit.
In a series of compelling documentaries, TBD Media Group tells the story to a global audience of how the Sustainable Development Goals are being addressed: from transforming the investment markets to using the latest technology to decarbonize the supply chain, these films give thought leaders a platform for laying out their strategy to protect and repair our natural resources.
Paolo Zanini, Founder and CEO at TBD Media Group says:
"We are seeing a huge shift in the attitudes of businesses around the world which are looking beyond short term profits to imagine a fairer future, cleaner planet and long term sustainability. The UN has laid down a huge challenge to the world's businesses and we are seeing the bravest and most passionate of leaders stepping up to that challenge. In a media environment that leads with bad news, I am proud to say that the TBD team of filmmakers is using their talent to bring hope to anyone who questions whether the problems of the world can be fixed. They can, and these films explain how."
Zanini believes that this kind of engagement is essential to driving positive change. He says:
"We don't have the luxury of pessimism. Only optimists can see a better tomorrow and TBD Media Group, as part of the news landscape, has a responsibility to highlight the progress that has been made by Vision 2045 businesses. Solutions to our most urgent problems are here, we just need to learn the lessons."
The Vision 2045 documentary series examines how the most ambitious businesses in the world are harnessing innovation to meet the UN's Sustainable Development Goals.
Companies featured in this launch:
AMAG Group, Amprion, BDO Unibank, Beiersdorf, Chandos Construction, CIEL Textile, ITRenew, Kin + Carta, Parkland Corporation, SMS Group, Techem GmbH, Temasek International.
More information on the Vision 2045 Campaign may be found here: https://vision2045.com/
About TBD Media Group:
TBD Media Group is an international, purpose-driven, media developer that helps companies, organisations and governments tell their brand stories in a human and direct way. Learn more at https://www.tbdmediagroup.com/
Jenna-LeighAncill
Head of Marketing
TBD Media Group
j.ancill@tbdmediagroup.com
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| 2022-04-20T10:40:11Z
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Recent Data Reveals Startups Increasingly Use Memorable, Key-Word Rich Descriptive Domain Names to Stand Out from Competitors
BELLEVUE, Wash., April 20, 2022 /PRNewswire/ -- TrueName, a global leader in descriptive domains, announced that more startups are choosing descriptive domains than in previous years per recent data by Marc Köhlbrugge, founder of startup launch platform BetaList. When a startup uses a memorable, descriptive top-level domain (TLD) like .games or .live, their domain more quickly communicates who they are and what they do with an authentic digital identity that stands out from competitors.
For years, the domain and startup industries assumed that rising startups would opt for exact brand match domain names ending in the legacy TLD .com, even if it meant shelling out serious cash. Today, more forward-thinking startups pick domains that reflect their willingness to think outside the box. They're choosing options like .technology, and .fund, and .io. These descriptive TLDs are affordable, industry-specific, short, and memorable, and feature an authentic digital identity that captures customers' attention.
"We are not surprised by this trend," said Mina Neuberg, TrueName CMO. "Entrepreneurs value innovative solutions, and descriptive domains help them stand out from the competition. They can express what's unique about their business from the very first impression. Domain names that are easy to remember, descriptive, and connected to brand identity are set up for success and SEO impact. And fortunately, descriptive domains are widely available."
Brandable domain names combined with descriptive extensions allow for more clarity to tell a memorable story and are easy to find by potential customers. Many startups effectively leverage keywords in their descriptive domain names that match their brand names, such as modern.energy, starface.world, and armoire.style. Using meaningful keywords on both sides of the dot is central to upping their SEO ranking.
For more information on the rise of startups using descriptive domains, please visit this article in Entrepreneur Magazine by Julia Weikel, TrueName marketing manager.
About TrueName
TrueName® is the global leader in descriptive domains, offering a diverse portfolio with nearly 300 top-level domains, such as .live, .email, .guru, .social, and .restaurant. TrueName empowers customers to cost-effectively create a personal branding tool to better market their digital identity with more memorable domain names that boost search engine rankings. What's more, customers can be confident their domain names are extra secure from the rising number of hacking and phishing attacks with the protection of TrueName's advanced, built-in anti-phishing technology. TrueName is a global brand owned by Donuts Inc., which ranked on Inc.'s 5000 list as one of the fastest-growing U.S private companies in 2021. The company is headquartered in Bellevue, Washington, with international offices across four continents. For more information, please visit truename.domains.
Contact
Sacha Arts
Bella Vista Communications
(408) 458.6316
sacha@bellavista.agency
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| 2022-04-20T10:40:21Z
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Led by The Vida Agency (TVA), a collaborative team including ECOSS, Black Stax, Equitable Future, and Andromeda will help SDOT improve mobility throughout the completion of RapidRide H, Route 7, and Route 44.
SEATTLE , April 20, 2022 /PRNewswire/ -- The Vida Agency (TVA), an award-winning, multicultural communications company specializing in reaching diverse audiences, was chosen by Seattle Department of Transportation (SDOT) to lead a multi-year Transit Plus Multimodal Corridor Outreach contract. Led by TVA, the collaborative team to help SDOT improve mobility throughout the completion of RapidRide H Line Delridge, Route 7, and Route 44 will also include ECOSS, Black Stax, Equitable Future, and Andromeda.
Founded by Amalia Martino, TVA is a woman and minority-owned business, renowned for their deep fluency in the nuances of cultural competence and work with diverse and traditionally underserved communities. TVA services span research, strategy, communications, storytelling, equity and social justice planning, and innovative community engagement tactics.
TVA's recent infrastructure experience, historical knowledge, and strong relationships in the communities related to the on-call contract, made them the ideal choice to support SDOT. Prior TVA SDOT communications and public engagement support includes the RapideRide H Line Delridge Expansion, West Seattle Bridge Program, and Green Lake paving projects.
According to the selection letter received from the City, upon reviewing and scoring all respondent submittals and subsequent interviews, The Vida Agency (TVA) scored the highest.
"We are extremely proud of the hard work and strong collaborations our team has forged throughout the years in support of previous SDOT projects," says Amalia Martino, TVA Founder and President. "We are grateful for SDOT's continued trust and look forward to another strong collaboration."
Several SDOT projects created by The Vida Agency (TVA) achieved recent MarCom recognition. The awards include a Gold for the West Seattle Bridge Program overview video and honorable mentions for the West Seattle Bridge Don't Go Low campaign, and the West Marginal Way Virtual Walking Tour video. MarCom awards honor excellence in marketing and communication while recognizing the creativity, hard work, and generosity of industry professionals.
To learn more about The Vida Agency visit, https://thevidaagency.com/
ABOUT THE VIDA AGENCY
The Vida Agency (TVA) is a full-service communications company specializing in the development and execution of award-winning brand campaigns for market segments such as health, transportation, retail, consumer, public policy, and education. TVA services span research, strategy, creative execution, and reporting in support of public agencies and private corporations to collaboratively reach diverse audiences for greater cultural impact. TVA's creative campaigns set the standard for equitable communications that authentically connect clients with audiences, resulting in widespread annual industry recognition. TVA's recent awards include a Northwest Regional Emmy for Community Health Plan of Washington's "Tu eres el centro/You are the center" campaign and multiple Communicator Awards for the Be Ready. Be Hydrated campaign. To learn more, please visit. https://thevidaagency.com/. The Vida Agency is proud to be a women-and minority-owned business. State WMBE: M5F0025227 Federal DBE: D5F0025227
Media Contact:
Janine Worthington
Director Strategic Communications and
Media Relations
The Vida Agency (TVA)
janine@thevidaagency.com
(206) 354-9093
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| 2022-04-20T10:40:27Z
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Neurotechnology's fingerprint algorithms have continued to outperform all others in the NIST Proprietary Fingerprint Template (PFT) evaluations since 2019
VILNIUS, Lithuania, April 20, 2022 /PRNewswire/ -- Neurotechnology, a provider of deep learning-based solutions and high-precision biometric identification technologies, today announced that the company has confirmed the first place position in the NIST Proprietary Fingerprint Template (PFT) III evaluation results released on March 7, 2022. Since 2019, Neurotechnology's fingerprint recognition algorithms have held the number one position in NIST PFT evaluations as the company has continued to innovate and improve both the speed and accuracy of their biometric algorithms.
The highly accredited National Institute of Standards and Technology (NIST) has, with its Proprietary Fingerprint Template (PFT) evaluation, provided the largest and most recognized ongoing assessment of fingerprint verification available today. Since fingerprint templates are not necessarily standardized across all vendors, each algorithm developer uses their latest technology to showcase the full potential of their indvidual algorithms. Neurotechnology's top position in PFT III demonstrates the fully enhanced capabilities of the company's latest R&D advancements.
The Proprietary Fingerprint Template evaluation determines the algorithmic capabilities of one-to-one fingerprint verification and assesses the accuracy of final stage fingerprint matchers used in one-to-many Automated Fingerprint Identification System (AFIS) searches. The most recent generations of the PFT evaluation cover:
- PFT II: one-to-one fingerprint verification evaluation. Active between 2010 and 2019, PFT II was used to evaluate plain versus plain, plain versus rolled, and rolled versus rolled fingerprint verification scenarios and reported template extraction times, template sizes, and match times.
- PFT III: the continuation of the previous PFT generation evaluations now includes several PFT III-specific datasets.
To provide a more comprehensive comparison of algorithmic function, NIST included in this current evaluation the accuracies that were being tested in the PFT 2003 and PFT II evaluations. This process provided a comparison of the algorithm submissions across all current and former PFT evaluations.
"It is challenging to continuously improve your technology when it is already outperforming all others in the industry, but our team has continued to demonstrate a spirit of innovation, and we are thrilled to see the latest algorithm improve our leading scores even further," said Evaldas Borcovas, biometric research lead at Neurotechnology. "NIST is regarded as the most influential and respected organization evaluating biometric algorithms, and their highest evaluation of our technologies shows that our fingerprint algorithm is the most reliable and accurate algorithm available."
While Neurotechnology's previous fingerprint algorithm had already been judged the most accurate in fingerprint recognition evaluations, the newest submission for PFT III demonstrated an even greater performance according to the algorithm's average ranking across all experiments. Both PFT II and PFT III evaluations included 33 experiments. The results were compared against 39 algorithm submissions from 22 vendors. The final results took into account the following datasets:
- The first 27 experiments ran against the combined datasets from the Arizona Department of Public Safety and the Los Angeles County Sheriff's Department (AZLA). Numbers 1 to 9 evaluated plain-to-plain, 10 to 18 looked at plain-to-rolled, and 19 to 27 judged rolled-to-rolled fingerprint matching.
- The Dataset of Department of Homeland Security (DHS2) was used for experiments 28 to 30 that again looked at plain-to-plain fingerprint matching.
- The Combined datasets of U.S. VISIT Point of Entry Data with Bio-Visa Application (POEBVA) were used in the last 3 experiments that were plain-to-plain fingerprint matching tests.
Neurotechnology has proven to be a highly-evaluated vendor of multibiometric solutions. Its proprietary algorithms have demonstrated the highest accuracy and reliability in various NIST evaluations. Achievements in the field include:
- Minex III: a continuous test of fingerprint templates ensuring that template generators and matchers are in compliance with the US government's Personal Identity Verification program. Neurotechnology's algorithm has been in the top of the most accurate and interoperable algorithms in the industry for several years running, with only a few vendors achieving similar results in either category.
- IREX10: assessment of iris recognition performance for identification applications. In more than 10 years of participation, Neurotechnology's submissions have consecutively shown strong results among an increasing number of participants.
- FRVT: the most reliable series of large-scale, independent evaluations for face recognition algorithms in verification and identification scenarios. Across numerous FRVT evaluations, Neurotechnology's latest algorithm was among the top 3% when judged against several hundred submissions.
- SlapSegIII: evaluates fingerprint slap segmentation performances across all types of finger slap scanning methods. Neurotechnology's submissions appeared among the top positions in all different scanning techniques, including live and paper scans.
For more information about Neurotechnology's entire product line, please visit: neurotechnology.com
ABOUT NEUROTECHNOLOGY
Neurotechnology is a developer of high-precision algorithms and software based on deep neural networks and other AI-related technologies. Currently, more than half of the company employees are actively involved in research and development, continuously improving proprietary algorithms. Extensive industry knowledge and expertise gathered throughout 30 years of experience in the field enable the company to maintain top positions in NIST testing results. Neurotechnology solutions are used around the globe on national-scale projects, including the world's largest biometric database, India's Aadhaar ID program, and ensuring electoral integrity during the elections in Ghana and DR Congo.
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| 2022-04-20T10:40:34Z
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STOCKHOLM, April 20, 2022 /PRNewswire/ -- An update of a large-scale meta-analysis supporting the efficacy of the therapeutic diabetes vaccine Diamyd® in individuals recently diagnosed with Type 1 Diabetes carrying the genetic HLA DR3-DQ2 haplotype has been published in the peer-reviewd scientific journal Diabetes, Obesity and Metabolism. The analysis shows that treatment effect with Diamyd® on the preservation of endogenous insulin production measured as C-peptide is associated with a beneficial treatment effect on blood glucose measured as HbA1c.
"To our knowledge, this is the first analysis that shows a clear association between positive treatment effects on C-peptide and blood glucose control in this patient population, providing further support for the clinical efficacy of the diabetes vaccine Diamyd in the genetic target population of Type 1 Diabetes patients with HLA DR3-DQ2, says Christoph Nowak, MD PhD, Medical & Data Officer at Diamyd Medical and first author of the recently published article. "The association also lends further support to the importance of C-peptide as a clinically meaningful surrogate endpoint in clinical trials, and strengthens our confidence in the primary endpoints of C-peptide and HbA1c in the confirmatory phase 3 trial DIAGNODE-3.
"These data are very important for the field of Type 1 Diabetes, supporting the clinical rationale of disease-modifying treatments that focus on preserving the individual's own insulin production", says Johnny Ludvigsson, Professor at Linköping University and senior author of the article.
The analysis is based on data from more than 600 individuals who participated in four placebo-controlled randomized clinical trials evaluating the effect of the therapeutic diabetes vaccine Diamyd® on preserving endogenous insulin production. The results support the notion that preservation of C-peptide using Diamyd® vaccine correlates with beneficial effects on HbA1c in individuals with recent-onset Type 1 Diabetes carrying the genetic haplotype HLA DR3-DQ2 and receiving standard of care diabetes treatment.
The article is published online in Diabetes, Obesity and Metabolism, a journal currently ranked 21st out of 145 in the Endocrine category, and can be accessed at https://doi.org/10.1111/dom.14720
The article has been accepted for publication and undergone full peer review but has not been through the copyediting, typesetting, pagination and proofreading process, which may lead to differences between the version available as of April 20, 2022, and the final version. A freely accessible Open Access version of the final article is expected to become available shortly.
About Diamyd Medical
Diamyd Medical develops precision medicine therapies for type 1 diabetes. The diabetes vaccine Diamyd® is an antigen-specific immunotherapy for the preservation of endogenous insulin production. Significant results have been shown in a large genetically predefined patient group in a large-scale meta-analysis as well as in the Company's European Phase IIb trial DIAGNODE-2, where the diabetes vaccine was administered directly into a lymph node in children and young adults with recently diagnosed type 1 diabetes. DIAGNODE-3, a confirmatory Phase III trial is on-going. A vaccine manufacturing facility is being set up in Umeå for the manufacture of recombinant GAD65, the active ingredient in the therapeutic diabetes vaccine Diamyd®. Diamyd Medical also develops the GABA-based investigational drug Remygen® as a therapy for regeneration of endogenous insulin production and to improve hormonal response to hypoglycaemia. An investigator-initiated Remygen® trial in individuals living with type 1 diabetes for more than five years is ongoing at Uppsala University Hospital. Diamyd Medical is one of the major shareholders in the stem cell company NextCell Pharma AB as well as in the artificial intelligence company MainlyAI AB.
Diamyd Medical's B-share is traded on Nasdaq First North Growth Market under the ticker DMYD B. FNCA Sweden AB is the Company's Certified Adviser; phone: +46 8-528 00 399, e-mail: info@fnca.se
CONTACT:
Ulf Hannelius, President and CEO
Phone: +46 736 35 42 41
E-mail: ulf.hannelius@diamyd.com
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| 2022-04-20T10:40:41Z
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SCOTTSDALE, Ariz., April 20, 2022 /PRNewswire/ -- Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced that Rakuten Symphony has chosen the VIAVI TM500 Network Tester to validate performance of its solutions from the lab to the field. The principal objective of this testbed is to maximize resolution of any issues in the lab in order to accelerate deployment at scale, and it has been designed to simulate a citywide network.
Open RAN has become more widely accepted and implemented around the globe, with almost 100 service providers and vendors participating in the most recent O-RAN Global PlugFest. As its technology moves from the lab into the field, Rakuten Symphony is seeking partners with expertise in that transition, including VIAVI for network test and measurement.
VIAVI is supporting Rakuten Symphony with instrumentation strengthened with decades of experience supporting the world's leading service providers and network equipment manufacturers (NEMs) in the lab and the field. With over 85% of NEMs using TM500 for gNodeB (gNB) development, the company's solutions offer unmatched scalability, stability, performance and fidelity to 3GPP specifications as implemented in live networks. Key features include:
- Testing high numbers of 5G gNB carriers at system level
- Testing high order MIMO and Carrier Aggregation features
- Complex mobility, handover and I-RAT functionality between 4G and 5G
- Testing thousands of UEs over multiple carriers
- Testing Public Warning System (PWS) and link adaptation features.
"After working with lab test vendors in earlier stages of our technology development, we turned to VIAVI because of their expertise across lab validation, field deployment and service assurance of mobile networks," said Srinivas Gudladana, Head of RAN Engineering, Rakuten Symphony. "Our Open vRAN architecture is designed to enable service providers to automate operations and monetize the network, and VIAVI's test platform is vital to fulfilling that promise."
"As vendors across the industry develop open, cloud-native and disaggregated architectures, precise testing against user expectations of service quality as well as 3GPP parameters is more critical than ever to ensure success at scale," said Rajesh Rao, Vice President, Asia Pacific and Japan, VIAVI. "We are excited to help Rakuten Symphony optimize their Open vRAN solutions based on our unique experience from lab to field to assurance for over 200 service providers worldwide."
About VIAVI
VIAVI (NASDAQ: VIAV) is a global provider of network test, monitoring and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. We help these customers harness the power of instruments, automation, intelligence and virtualization to Command the network. VIAVI is also a leader in light management solutions for 3D sensing, anti-counterfeiting, consumer electronics, industrial, automotive, and defense applications. Learn more about VIAVI at www.viavisolutions.com. Follow us on VIAVI Perspectives, LinkedIn, Twitter, YouTube and Facebook.
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| 2022-04-20T10:40:47Z
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LONDON, April 20, 2022 /PRNewswire/ -- S&P Global Commodity Insights, the leading independent provider of information and benchmark prices for commodities and energy markets, today announced an agreement with Plastics Recyclers Europe (PRE), an organization representing recyclers and other value chain actors who work on advancing recycling of plastic waste by turning it into high-quality material destined for the production of new articles.
S&P Global Commodity Insights will support the PRE and its members by providing access to key Platts Polymer Prices, as well as market information. The agreement will also include live event collaboration, joint webinars and workshops to discuss projects and the latest developments and trends in the recycled plastics markets.
Shelley Kerr, Global Head of Petrochemicals Markets at S&P Global Commodity Insights, said: ''We welcome this opportunity to deepen our relationship with PRE and its membership and enhance transparency in the recycled plastics markets. The sustainability push in petrochemicals and the increasing shift to a circular economy poses both challenges and opportunities and transparency in recycled plastics pricing and knowledge sharing is critical to investment, industry development and market efficiency."
Ton Emans, Plastics Recyclers Europe, President, said: ''Plastic recycling today is not merely a societal demand but the only way that the plastic industry in Europe can become fully sustainable. There are new business models that open a wide array of opportunities and this partnership is a strong signal to the industry that collaboration is key in making a real change. Together with our partners we will work on promoting best practices and bridging data gaps for a more comprehensive outlook on the recycled plastic market to build trust, drive investments and guide future legislation.''
Plastics Recyclers Europe (PRE) is an organization representing the voice of the European plastics recyclers who reprocess plastic waste into high-quality material destined for the production of new articles. Recyclers are important facilitators of the circularity of plastics and the transition towards the circular economy. Plastics recycling in Europe is a rapidly growing sector representing over €3 billion in turnover, 8.5 million tonnes of installed recycling capacity, 600 companies and over 20.000 employees: www.plasticsrecyclers.eu.
S&P Global Commodity Insights
At S&P Global Commodity Insights, our complete view of global energy and commodities markets enables our customers to make decisions with conviction and create long-term, sustainable value.
We're a trusted connector that brings together thought leaders, market participants, governments, and regulators to co-create solutions that lead to progress. Vital to navigating Energy Transition, S&P Global Commodity Insights' coverage includes oil and gas, power, chemicals, metals, agriculture and shipping.
S&P Global Commodity Insights is a division of S&P Global (NYSE: SPGI). S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world's leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information visit https://www.spglobal.com/commodity-insights
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| 2022-04-20T10:40:53Z
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Record assets of $1.723 billion
Record deposits of $1.524 billion
SANTA CRUZ, Calif., April 20, 2022 /PRNewswire/ -- Santa Cruz County Bank (OTCQX: SCZC), with assets of $1.723 billion, is a top-rated community bank headquartered in Santa Cruz County. Today the Bank announced unaudited earnings for the first quarter ended March 31, 2022. Net income for the quarter was $5.4 million, 15% over prior quarter, and 7% or $400 thousand less than the same quarter in 2021 which benefited from significantly more fee income from the Paycheck Protection Program ("PPP"). The Bank announced a 2-for-1 stock split on February 16, 2022, and paid on March 16, 2022 to shareholders of record as of March 3, 2022. All share data for prior periods has been adjusted to reflect stock dividends and stock splits.
Santa Cruz County Bank President and CEO Krista Snelling commented, "We are pleased to achieve record assets, deposits and loans (excluding PPP) in our first quarter of 2022. Year over year, the Bank recorded significant loan growth, excluding PPP, of over $220 million. Our steady performance has resulted in the Bank's continuity as a financial industry leader and top performer. On a local level, our entire team is to be commended for the Bank's recent recognition from the Santa Cruz County Chamber of Commerce as a Business of the Year, and for being voted for a 10th consecutive year, "Best Bank" in Santa Cruz County. These accolades are the result of the tremendous expertise and service delivered to our clients and community by our dedicated employees."
Financial Highlights
Performance highlights as of and for the quarter ended March 31, 2022 included the following:
- Record assets of $1.72 billion as of March 31, 2022, an increase of $173.2 million or 11%, compared to March 31, 2021.
- Record gross loans (excluding PPP) of $1.14 billion, an increase of $220.2 million or 24%, compared to March 31, 2021.
- Record deposits of $1.52 billion, an increase of $167.6 million or 12%, compared to March 31, 2021.
- Basic earnings per share of $0.63 for the quarter ended March 31, 2022.
- Provision for loan losses was $645 thousand for the first quarter of 2022 compared to $2.3 million for the trailing quarter and $375 thousand for the same period in 2021. The increase in fourth quarter 2021 was driven primarily by growth in the non-PPP sector of the loan portfolio. Non-PPP loan growth was $29 million for the first quarter of 2022 compared to $1.7 million for the first quarter of 2021, driving the quarter over quarter increase in provision.
- Pretax, pre-provision net earnings were $8.3 million for the quarter ended March 31, 2022, compared to $9.0 million and $8.5 million for the quarters ended December 31, 2021 and March 31, 2021, respectively.
- Net interest margin was 3.76% for the first quarter of 2022, as compared to 3.78% in the trailing quarter and 4.10% in the same quarter of 2021.
- For the quarters ended March 31, 2022 and December 31, 2021, return on average assets was 1.28% and 1.09%, respectively, and the return on average tangible equity was 13.69% and 11.77%, respectively.
- Efficiency ratio was 47.98% for the first quarter of 2022, as compared to 45.41% in the trailing quarter and 45.60% in the same quarter of 2021.
- All capital ratios were above regulatory requirements for a well-capitalized institution with a total risk-based capital ratio of 14.83%.
- Continued strong credit quality with nonaccrual loans totaling only $59 thousand.
- Book value per share after cash and stock dividends decreased to $21.42 at March 31, 2022 compared to $21.80 at December 31, 2021.
First Quarter Earnings
For the first quarter 2022, net income was $5.4 million, compared to $4.7 million in the fourth quarter of 2021 and $5.8 million in the first quarter of 2021. Major factors impacting each quarter include provisions to loan loss reserves, a diminishing amount of PPP loan fee recognition and the gain on sale of SBA loans. In the first quarter of 2022, $645 thousand was provided to loan loss reserve, PPP loan fee income was $1.5 million and with no gains on SBA loan sales. In the trailing quarter, $2.3 million was provided to loan loss reserve, PPP loan fee income was $1.9 million and with no gains on SBA loan sales. In the first quarter of 2021, $375 thousand was provided to loan loss reserve, PPP loan fee income was $2.3 million and $618 thousand was taken as gains on SBA loan sales.
Pretax, pre-provision net earnings were $8.3 million for the quarter ended March 31, 2022, compared to $9.0 million and $8.5 million for the quarters ended December 31, 2021 and March 31, 2021, respectively. The primary factors in year-over-year variance was the gain on SBA loan sales combined with more PPP fee income. For the quarter over quarter variance, the primary factor was PPP fee income.
Both basic and diluted earnings per share improved over prior quarter by $0.08.
Noninterest Income / Expense
Noninterest income for the quarter ended March 31, 2022 was $789 thousand compared to $823 thousand for the trailing quarter. Noninterest income for first quarter 2021 was $1.5 million with the difference concentrated within gains on SBA loans sold which was $618 thousand in the first quarter of 2021 versus none in 2022. Prior to the second half of 2021, management elected to curtail SBA loan sales and increase core loan balances.
Noninterest expense remained well-controlled at $7.6 million for the quarter ended March 31, 2022, only $152 thousand or 2% more than prior quarter and only $457 thousand more than the same period last year.
Interest Income / Interest Expense and Net Interest Margin
Net interest income is the major earnings component of the Bank. Net interest income of $15.1 million for the quarter ended March 31, 2022 was less than prior quarter by 3.4%, or $529 thousand, and improved over the 2021 first quarter by 6.5% or $919 thousand. The year over year increase is due primarily to growth in the non-PPP loan portfolio which increased by $220.2 million over the twelve months ended March 31, 2022. As of March 31, 2022, PPP loans accounted for $49.2 million of the loan portfolio, the majority of which were originated during 2021, while nearly all PPP loans originated during 2020 have been forgiven. The Bank's cost of funds was 0.10% for the current quarter compared to 0.16% over the same period last year.
For the first quarter of 2022, net interest margin was 3.76%, compared to 3.78% in the trailing quarter and 4.10% for the corresponding period in 2021. The slight decline of net interest margin and net interest income experienced in first quarter 2022 is attributed to lesser PPP loan forgiveness which resulted in less PPP loan fee income recognition. PPP forgiveness was $44.1 million in the first quarter versus $55.2 million in the previous quarter. Consequently, PPP fee income was $1.5 million for first quarter 2022 compared to $1.9 million in fourth quarter 2021.
Assets
Total assets at March 31, 2022 increased by $173.2 million or 11% compared to prior year. This was due primarily to asset growth generated through PPP loan origination and planned organic growth including the Bank's expansion into Monterey County. The Bank made over 50% of its PPP loan originations to new clients, the Bank's business relationships in the tri-county market area expanded and the Bank continues to capitalize on opportunities afforded by the PPP program into the current quarter.
Loans and Asset Quality
Non-PPP loans increased by $220.2 million or 24% compared to the prior year, partially replacing the $383.0 million year-over year reduction in PPP loans.
Allowance for loan losses of $20.6 million at March 31, 2022 represents a $7.2 million, or 53%, increase over the same period last year. The increase was primarily due to growth in the non-PPP portfolio and a specific reserve in the amount of $1.3 million for one impaired, yet still performing, loan. The Bank's asset quality remained strong with $59 thousand in nonaccrual loans at quarter end.
The following is a summary of the Bank's loan mix and delinquent/nonperforming loans:
The Bank continues to experience good credit quality in the loan portfolio. Past due loans are minimal and nearly all of the past due amount is related to one loan which is real estate secured. The Bank has not received any new COVID-related payment deferral requests, and borrowers who were granted deferrals in the past have returned to regular payment schedules. COVID deferral requests peaked at 8% of the non-SBA portfolio, totaling $9.3 million, with the majority secured by real estate. As of March 31, 2022, non-SBA guaranteed exposure to hotels/motels was $137.3 million and non-SBA guaranteed exposure to restaurants was $16.8 million.
Deposits
Deposits were $1.52 billion at March 31, 2022, representing growth of 12% or $167.6 million since March 31, 2021, and including $708.9 million in noninterest-bearing deposits. Year over year growth was enhanced by PPP related deposits and organic expansion. Deposits grew $27.3 million from the fourth quarter of 2021 to first quarter 2022 with nearly half generated from the Bank's offices in Silicon Valley and Monterey.
Santa Cruz County Bank ranked 4th in overall deposit market share in Santa Cruz County, 2nd in Santa Cruz, 3rd in Watsonville, and 15th in Silicon Valley based upon FDIC data as of June 30, 2021.
Shareholders' Equity
Total shareholders' equity was $182.9 million at March 31, 2022, a $3.2 million or 1.7% decrease over December 31, 2021 and an increase of $9.4 million over prior year. Equity was reduced by the payout of cash dividends on common stock of $768 thousand in the first quarter of 2022 at $0.09 per share and $2.3 million over the last twelve months. There was approximately $28.1 million of intangible assets on the books due to the 2019 merger of which $25.8 million was goodwill.
Another important factor in the 1.7% decrease in equity during the first quarter of 2022 is the result of unrealized losses in the available-for-sale sector of the investment portfolio. The after-tax unrealized loss on available–for-sale securities which is a component of equity, went from $2.1 million to $10.1 million. Industry-wide there has been a material decline in market value, consistent with the significant increase in market yields. Bonds have a maturity and, with minimal credit risk, the Bank expects to receive principal, in full, when the bonds mature. The Bank's investment portfolio is comprised of U.S. Treasury bonds, SBA pools and Certificates of Deposit which together account for 85% with a zero-risk weighting, 13% is in U.S. Government sponsored agencies and 2% is in municipal bonds.
For the quarter ended March 31, 2022, the Bank's return on average equity was 11.63% with a return on average tangible equity of 13.69%. Return on average assets was 1.28%. The book value per share of Santa Cruz County Bank's common stock, after cash and stock dividends at March 31, 2022, was $21.42 up $0.99 from the same period in 2021.
ABOUT SANTA CRUZ COUNTY BANK
Santa Cruz County Bank was founded in 2004. It is a top-rated, locally-owned and operated, full-service community bank headquartered in Santa Cruz, California. The bank has branches in Aptos, Capitola, Cupertino, Monterey, Santa Cruz, Scotts Valley and Watsonville. Santa Cruz County Bank is distinguished from "big banks" by its relationship-based service, problem-solving focus and direct access to decision makers. The bank is a leading SBA lender in Santa Cruz County and Silicon Valley and a top USDA lender in the state of California. As a full-service bank, Santa Cruz County Bank offers competitive deposit and lending solutions for businesses and individuals; including business loans, lines of credit, commercial real estate financing, construction lending, agricultural loans, SBA and USDA government guaranteed loans, credit cards, merchant services, remote deposit capture, mobile and online banking, bill payment and treasury management. True to its community roots, Santa Cruz County Bank has supported regional well-being by actively participating in and donating to local not-for-profit organizations.
Santa Cruz County Bank stock is publicly traded on the OTCQX U.S. Premier marketplace under the symbol SCZC. Stock purchase orders may be placed online, through a brokerage firm, or through Market Makers listed in the Investor Relations section of the bank's website. For more information about Santa Cruz County Bank, visit www.sccountybank.com.
NATIONAL, STATE, AND LOCAL RATINGS AND AWARDS
- Financial Management Consulting (FMC) Group: The Bank is ranked 13th in overall financial performance for 2021 and has ranked in FMC's top ten banks in California for the previous 6 years.
- The Findley Reports, Inc.: The Bank has received the top ranking of Super Premier by Findley for 12 consecutive years.
- Bauer Financial Reports, Inc.: The Bank is rated 5-star "Superior" based upon its financial performance.
- U.S. Small Business Administration: The Bank is in the Top 100 most active SBA 7(a) lenders in the nation.
- Silicon Valley Business Journal: The Bank is ranked 14th in SBA loan volume and 11th in number of loans lent to Silicon Valley businesses from October 1, 2020 to September 1, 2021.
- Good Times, 2022 Best of Santa Cruz County Award, Voted "Best Bank" for 10 consecutive years.
- Santa Cruz Sentinel, 2021 Reader's Choice Award, number one bank in Santa Cruz County as voted by Santa Cruz Sentinel readers for 7 years.
- Second Harvest Food Bank, Big Step and Platinum Level Awards for the 2021 Holiday Food & Fund Drive.
- Santa Cruz County Chamber of Commerce: Business of the Year, 2021 and 2018.
This release may contain forward-looking statements that are subject to risks and uncertainties. Such risks and uncertainties may include but are not necessarily limited to fluctuations in interest rates, inflation, government regulations and general economic conditions, and competition within the business areas in which the Bank is conducting its operations, including the real estate market in California and other factors beyond the Bank's control. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. Readers should not place undue reliance on the forward-looking statements, which reflect management's view only as of the date hereof. The Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.
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| 2022-04-20T10:41:01Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of AbbVie Inc..
Shareholders who purchased shares of ABBV during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: April 30, 2021 to August 31, 2021
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) safety concerns about Pfizer Inc.'s drug Xeljanz extended to Abbvie's drug Rinvoq and to other Janus kinase enzyme inhibitor drugs; (2) as a result, it was likely that the U.S. Food and Drug Administration would require additional safety warnings for Rinvoq and would delay the approval of additional treatment indications for Rinvoq; and (3) therefore, defendants' statements about the Company's business, operations, and prospects lacked a reasonable basis.
DEADLINE: June 6, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/abbvie-inc-loss-submission-form/?id=26121&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of ABBV during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is June 6, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm
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| 2022-04-20T10:41:08Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Affirm Holdings, Inc..
Shareholders who purchased shares of AFRM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/affirm-holdings-inc-loss-submission-form/?id=26109&from=4
CLASS PERIOD: February 12, 2021 to February 10, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) Affirm's "buy now, pay-later" service facilitated excessive consumer debt, regulatory arbitrage, and data harvesting; (ii) the foregoing subjected Affirm to a heightened risk of regulatory scrutiny and enforcement action; (iii) Affirm maintained inadequate disclosure controls and procedures and internal control over financial reporting; (iv) accordingly, Affirm's tweet for its second quarter 2022 financial results contained selected metrics that made it appear that the Company had performed better than it actually did; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE: April 29, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/affirm-holdings-inc-loss-submission-form/?id=26109&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of AFRM during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is April 29, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm
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https://www.whsv.com/prnewswire/2022/04/20/shareholder-alert-gross-law-firm-notifies-shareholders-affirm-holdings-inc-class-action-lawsuit-lead-plaintiff-deadline-april-29-2022-nasdaq-afrm/
| 2022-04-20T10:41:14Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Akebia Therapeutics, Inc..
Shareholders who purchased shares of AKBA during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: June 28, 2018 to September 2, 2020
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) the Company's lead investigational product candidate, vadadustat, was not as safe in treating non-dialysis dependent chronic kidney disease patients with anemia as defendants had represented; (ii) as a result, defendants overstated the clinical prospects of a Phase 3 clinical program for vadadustat; (iii) accordingly, defendants also overstated vadadustat's overall commercial and regulatory prospects; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE: May 13, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/akebia-therapeutics-inc-loss-submission-form/?id=26114&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of AKBA during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is May 13, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm
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https://www.whsv.com/prnewswire/2022/04/20/shareholder-alert-gross-law-firm-notifies-shareholders-akebia-therapeutics-inc-class-action-lawsuit-lead-plaintiff-deadline-may-13-2022-nasdaq-akba/
| 2022-04-20T10:41:21Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Aurinia Pharmaceuticals Inc.
Shareholders who purchased shares of AUPH during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: May 7, 2021 to February 25, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) Aurinia was experiencing declining revenues; (ii) Aurinia's 2022 sales outlook for the Company's only product which it offers for the treatment of adult patients with active lupus nephritis, LUPKYNIS, would fall well short of expectations; (iii) accordingly, the Company had significantly overstated LUPKYNIS's commercial prospects; (iv) as a result, the Company had overstated its financial position and/or prospects for 2022; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE: June 14, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/aurinia-pharmaceuticals-inc-loss-submission-form/?id=26125&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of AUPH during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is June 14, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content:
SOURCE The Gross Law Firm
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https://www.whsv.com/prnewswire/2022/04/20/shareholder-alert-gross-law-firm-notifies-shareholders-aurinia-pharmaceuticals-inc-class-action-lawsuit-lead-plaintiff-deadline-june-14-2022-nasdaq-auph/
| 2022-04-20T10:41:27Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of C3.ai, Inc..
Shareholders who purchased shares of AI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: This lawsuit is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired: (a) C3.ai Class A common stock pursuant and/or traceable to the documents issued in connection with the Company's initial public offering conducted on or about December 9, 2020; and/or (b) C3.ai securities between December 9, 2020 and February 15, 2022, both dates inclusive.
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) C3.ai's partnership with Baker Hughes was deteriorating; (ii) C3.ai was employing a flawed accounting methodology to conceal the deterioration of its Baker Hughes partnership; (iii) C3.ai faced challenges in product adoption and significant salesforce turnover; (iv) the Company overstated, inter alia, the extent of its investment in technology, description of its customers, its total addressable market, the pace of its market growth, and the scale of alliances with its major business partners; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE: May 3, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/c3-ai-inc-loss-submission-form/?id=26111&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of AI during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is May 3, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content:
SOURCE The Gross Law Firm
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https://www.whsv.com/prnewswire/2022/04/20/shareholder-alert-gross-law-firm-notifies-shareholders-c3ai-inc-class-action-lawsuit-lead-plaintiff-deadline-may-3-2022-nyse-ai/
| 2022-04-20T10:41:36Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Cabaletta Bio, Inc..
Shareholders who purchased shares of CABA during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/cabaletta-bio-inc-loss-submission-form/?id=26108&from=4
CLASS PERIOD: This lawsuit is on behalf of persons and entities that purchased or otherwise acquired: (a) Cabaletta common stock pursuant and/or traceable to documents issued in connection with the Company's initial public offering conducted on or about October 24, 2019; and/or (b) Cabaletta securities between October 24, 2019 and December 13, 2021, both dates inclusive.
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) top-line data of the Phase 1 Clinical Trial indicated that Cabaletta's lead product candidate, DSG3-CAART, had, among other things, worsened certain participants' disease activity scores and necessitated additional systemic medication to improve disease activity after DSG3-CAART infusion; (ii) accordingly, DSG3-CAART was not as effective as the Company had represented to investors; (iii) therefore, the Company had overstated DSG3-CAART's clinical and/or commercial prospects; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE: April 29, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/cabaletta-bio-inc-loss-submission-form/?id=26108&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of CABA during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is April 29, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content:
SOURCE The Gross Law Firm
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https://www.whsv.com/prnewswire/2022/04/20/shareholder-alert-gross-law-firm-notifies-shareholders-cabaletta-bio-inc-class-action-lawsuit-lead-plaintiff-deadline-april-29-2022-nasdaq-caba/
| 2022-04-20T10:41:43Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Celsius Holdings, Inc.
Shareholders who purchased shares of CELH during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: August 12, 2021 to March 1, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company had improperly recorded expenses for non-cash share-based compensation for second and third quarters of 2021; (2) as a result, the Company's financial statements for those periods would be restated, including to report a net loss for the third quarter of 2021; (3) there was a material weakness in Celsius's internal controls over financial reporting; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
DEADLINE: May 16, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/celsius-holdings-inc-loss-submission-form/?id=26115&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of CELH during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is May 16, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content:
SOURCE The Gross Law Firm
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https://www.whsv.com/prnewswire/2022/04/20/shareholder-alert-gross-law-firm-notifies-shareholders-celsius-holdings-inc-class-action-lawsuit-lead-plaintiff-deadline-may-16-2022-nasdaq-celh/
| 2022-04-20T10:41:49Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Cerence Inc..
Shareholders who purchased shares of CRNC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/cerence-inc-loss-submission-form/?id=26107&from=4
CLASS PERIOD: February 8, 2021 to February 4, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) the global semiconductor shortage had a materially negative impact on demand for Cerence's software licenses; (2) defendants masked the impact of the semiconductor shortage on demand for the Company's software licenses by pulling forward sales; and (3) as a result of the above, defendants' statements about Cerence's business, operations, and prospects were false and misleading and/or lacked a reasonable basis.
DEADLINE: April 26, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/cerence-inc-loss-submission-form/?id=26107&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of CRNC during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is April 26, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content:
SOURCE The Gross Law Firm
|
https://www.whsv.com/prnewswire/2022/04/20/shareholder-alert-gross-law-firm-notifies-shareholders-cerence-inc-class-action-lawsuit-lead-plaintiff-deadline-april-26-2022-nasdaq-crnc/
| 2022-04-20T10:41:56Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Gatos Silver, Inc..
Shareholders who purchased shares of GATO during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/gatos-silver-inc-loss-submission-form/?id=26105&from=4
CLASS PERIOD: This lawsuit is on behalf of persons and entities that purchased or otherwise acquired Gatos: (a) common stock pursuant and/or traceable to documents issued in connection with the Company's initial public offering conducted on or about October 28, 2020; and/or (b) securities between October 28, 2020 and January 25, 2022, inclusive.
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) the technical report for Gatos's primary mine, the Cerro Los Gatos deposit, contained certain errors; (2) among other things, the mineral reserves had been overestimated by as much as 50%; and (3) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
DEADLINE: April 25, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/gatos-silver-inc-loss-submission-form/?id=26105&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of GATO during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is April 25, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content:
SOURCE The Gross Law Firm
|
https://www.whsv.com/prnewswire/2022/04/20/shareholder-alert-gross-law-firm-notifies-shareholders-gatos-silver-inc-class-action-lawsuit-lead-plaintiff-deadline-april-25-2022-nyse-gato/
| 2022-04-20T10:42:02Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Grab Holdings Limited.
Shareholders who purchased shares of GRAB during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: November 12, 2021 to March 2, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Grab's driver supply declined during the third quarter; (2) as a result, Grab continued to invest heavily in driver and consumer incentives to "preemptively recalibrate driver supply"; (3) as a result, the Company's financial results would be adversely impacted, including, among other things, a significant decline in revenue; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
DEADLINE: May 16, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/grab-holdings-limited-loss-submission-form/?id=26116&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of GRAB during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is May 16, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content:
SOURCE The Gross Law Firm
|
https://www.whsv.com/prnewswire/2022/04/20/shareholder-alert-gross-law-firm-notifies-shareholders-grab-holdings-limited-class-action-lawsuit-lead-plaintiff-deadline-may-16-2022-nasdaq-grab/
| 2022-04-20T10:42:09Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Homology Medicines, Inc..
Shareholders who purchased shares of FIXX during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: June 10, 2019 to February 18, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) the Company had overstated the efficacy and risk mitigation of its lead product candidate, HMI-102; (ii) accordingly, it was unlikely that the Company would be able to commercialize HMI102 in its present form; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE: May 24, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/homology-medicines-inc-loss-submission-form/?id=26118&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of FIXX during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is May 24, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content:
SOURCE The Gross Law Firm
|
https://www.whsv.com/prnewswire/2022/04/20/shareholder-alert-gross-law-firm-notifies-shareholders-homology-medicines-inc-class-action-lawsuit-lead-plaintiff-deadline-may-24-2022-nasdaq-fixx/
| 2022-04-20T10:42:16Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of International Business Machines Corporation.
Shareholders who purchased shares of IBM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: April 4, 2017 to October 20, 2021
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) Strategic Imperatives Revenue and growth, CAMSS and CAMSS Components' revenue and growth, and the Company's Segments' revenue and growth were artificially inflated as a result of the wrongful reclassification of revenues from non-strategic to strategic to make those revenues eligible for treatment as Strategic Imperatives Revenue; (ii) the Company's present success and positive future growth prospects concerning its Strategic Imperative business strategy were being fueled by the wrongful reclassification of revenues from non-strategic to strategic to make those revenues eligible for treatment as Strategic Imperative Revenue and, as a result (iii) the Company misled the market by portraying the Company's Strategic Imperative's financial performance and future prospects more favorable than they actually were as a result of the wrongful reclassification of revenues from non-strategic to strategic to make those revenues eligible for treatment as Strategic Imperatives.
DEADLINE: June 6, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/international-business-machines-corporation-loss-submission-form/?id=26123&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of IBM during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is June 6, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content:
SOURCE The Gross Law Firm
|
https://www.whsv.com/prnewswire/2022/04/20/shareholder-alert-gross-law-firm-notifies-shareholders-international-business-machines-corporation-class-action-lawsuit-lead-plaintiff-deadline-june-6-2022-nyse-ibm/
| 2022-04-20T10:42:23Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Lilium N.V. f/k/a Qell Acquisition Corp..
Shareholders who purchased shares of LILM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: March 30, 2021 to March 14, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Lilium materially overstates the design and capabilities of the Lilium Jet, an electric vertical take-off-and-landing aircraft for use in a new type of high-speed air transport system for people and goods; (2) Lilium materially overstates the likelihood for the Lilium Jet's timely certification; (3) Lilium misrepresents its ability to obtain or create the necessary batteries for the Lilium Jet; (4) the special purpose acquisition company merger would not and did not generate enough cash to commercially launch the Lilium Jet; (5) Qell Acquisition Corp. did not engage in proper due diligence regarding its merger with Lilium GmbH; and (6) as a result, Defendants' public statements and statements to journalists were materially false and/or misleading at all relevant times.
DEADLINE: June 17, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/lilium-n-v-f-k-a-qell-acquisition-corp-loss-submission-form/?id=26126&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of LILM during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is June 17, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content:
SOURCE The Gross Law Firm
|
https://www.whsv.com/prnewswire/2022/04/20/shareholder-alert-gross-law-firm-notifies-shareholders-lilium-nv-fka-qell-acquisition-corp-class-action-lawsuit-lead-plaintiff-deadline-june-17-2022-nasdaq-lilm/
| 2022-04-20T10:42:29Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Lucid Group, Inc..
Shareholders who purchased shares of LCID during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: This lawsuit is on behalf of a class of all persons and entities who purchased or otherwise acquired Lucid common stock between November 15, 2021, and February 28, 2022, inclusive.
ALLEGATIONS: The filed complaint alleges that defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Lucid's business and operations. Specifically, the Company overstated its production capabilities while concealing that "extraordinary supply chain and logistics challenges" were hampering Lucid's operations. As a result of the defendants' wrongful acts and omissions, and the significant decline in the market value of Lucid's common stock, Lucid investors have suffered significant damages.
DEADLINE: May 31, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/lucid-group-inc-loss-submission-form/?id=26120&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of LCID during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is May 31, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content:
SOURCE The Gross Law Firm
|
https://www.whsv.com/prnewswire/2022/04/20/shareholder-alert-gross-law-firm-notifies-shareholders-lucid-group-inc-class-action-lawsuit-lead-plaintiff-deadline-may-31-2022-nasdaq-lcid/
| 2022-04-20T10:42:36Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Meta Platforms, Inc.
Shareholders who purchased shares of FB during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: March 2, 2021 to February 2, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Apple's iOS privacy changes were having a material impact on Meta's ability to provide the kind of targeted advertising that its customers wanted and, as a result, customer ad spending was dropping precipitously; (2) Meta's mitigation efforts were either not properly implemented or ineffective; (3) measurement of ads was not accurate as mitigation efforts were failing; and (4) Meta did not have a plan in place to properly address the impact of the iOS privacy changes.
DEADLINE: May 9, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/meta-platforms-inc-loss-submission-form/?id=26113&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of FB during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is May 9, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content:
SOURCE The Gross Law Firm
|
https://www.whsv.com/prnewswire/2022/04/20/shareholder-alert-gross-law-firm-notifies-shareholders-meta-platforms-inc-class-action-lawsuit-lead-plaintiff-deadline-may-9-2022-nasdaq-fb/
| 2022-04-20T10:42:43Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of MP Materials Corp. f/k/a Fortress Value Acquisition Corp..
Shareholders who purchased shares of MP during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/mp-materials-corp-f-k-a-fortress-value-acquisition-corp-loss-submission-form/?id=26104&from=4
CLASS PERIOD: May 1, 2020 to February 2, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) Fortress Value Acquisition Corp. ("FVAC") had overstated its due diligence efforts and expertise with respect to identifying target companies to acquire; (ii) FVAC performed inadequate due diligence into Legacy MP Materials prior to the business combination, or else ignored significant red flags regarding, inter alia, Legacy MP Materials' management, compliance policies, and Mountain Pass's profitability; (iii) as a result, the Company's future business and financial prospects post-business combination were overstated; (iv) MP Materials engaged in an abusive transfer price manipulation scheme with a related party in the People's Republic of China to artificially inflate the Company's profits; (v) MP Materials' ore at the Mountain Pass Rare Earth Mine and Processing Facility was not economically viable to harvest for rare earth metals; and (vi) as a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE: April 25, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/mp-materials-corp-f-k-a-fortress-value-acquisition-corp-loss-submission-form/?id=26104&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of MP during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is April 25, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content:
SOURCE The Gross Law Firm
|
https://www.whsv.com/prnewswire/2022/04/20/shareholder-alert-gross-law-firm-notifies-shareholders-mp-materials-corp-fka-fortress-value-acquisition-corp-class-action-lawsuit-lead-plaintiff-deadline-april-25-2022-nyse-mp/
| 2022-04-20T10:42:50Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Playstudios, Inc..
Shareholders who purchased shares of MYPS during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: This lawsuit is on behalf of a class consisting of all persons and entities other than defendants who: (a) purchased, or otherwise acquired securities of Playstudios between June 22, 2021 and March 1, 2022, both dates inclusive, including, but not limited to, those who purchased or acquired Playstudios securities pursuant to the offering of the private investment in public equity; (b) held common stock of Acies as of May 25, 2021, and were eligible to vote at Acies' June 16, 2021 special meeting who exchanged their shares of Acies stock for shares of Playstudios stock pursuant to the merger of Acies and Old Playstudios; and/or (c) purchased or otherwise acquired Playstudios common stock pursuant to or traceable to Acies' documents issued in connection with the June 2021 merger.
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) Playstudios was having significant problems with its flagship game, Kingdom Boss; (ii) Playstudios would not be releasing Kingdom Boss as expected; and (iii) Playstudios had not revised its financial projections to account for the problems it had encountered with Kingdom Boss. As a result of defendants' wrongful conduct, Class members paid artificially inflated prices for their Playstudios securities and suffered substantial losses and damages.
DEADLINE: June 6, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/playstudios-inc-loss-submission-form/?id=26122&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of MYPS during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is June 6, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content:
SOURCE The Gross Law Firm
|
https://www.whsv.com/prnewswire/2022/04/20/shareholder-alert-gross-law-firm-notifies-shareholders-playstudios-inc-class-action-lawsuit-lead-plaintiff-deadline-june-6-2022-nasdaq-myps/
| 2022-04-20T10:42:57Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Rivian Automotive, Inc..
Shareholders who purchased shares of RIVN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: This lawsuit is on behalf of investors that purchased or otherwise acquired Rivian common stock pursuant and/or traceable to Rivian's initial public offering on November 10, 2021 and/or between November 10, 2021, and March 10, 2022.
ALLEGATIONS: Documents issued in connection with the initial public offering contained representations that were materially inaccurate, misleading, and/or incomplete because they failed to disclose, among other things, that the R1T electric pickup truck and R1S electric SUV were underpriced to such a degree that Rivian would have to raise prices shortly after the IPO and that these price increases would tarnish Rivian's reputation as a trustworthy and transparent company and would put a significant number of the existing backlog of 55,400 preorders, along with future preorders, in jeopardy of cancellation.
DEADLINE: May 6, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/rivian-automotive-inc-loss-submission-form/?id=26112&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of RIVN during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is May 6, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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| 2022-04-20T10:43:06Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Stronghold Digital Mining, Inc..
Shareholders who purchased shares of SDIG during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: This lawsuit is on behalf of persons and entities that purchased or otherwise acquired Stronghold Class A common stock pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company's October 2021 initial public offering.
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) contracted suppliers, including MinerVa Semiconductor Corp., were reasonably likely to miss anticipated delivery quantities and deadlines; (2) due to strong demand and pre-sold supply of mining equipment in the industry, Stronghold would experience difficulties obtaining miners outside of confirmed purchase orders; (3) as a result of the foregoing, there was a significant risk that Stronghold could not expand its mining capacity as expected; (4) as a result, Stronghold would likely experience significant losses; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
DEADLINE: June 13, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/stronghold-digital-mining-inc-loss-submission-form/?id=26124&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of SDIG during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is June 13, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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| 2022-04-20T10:43:13Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Taskus, Inc..
Shareholders who purchased shares of TASK during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: June 11, 2021 to January 19, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) TaskUs was experiencing severe financial strain and business challenges, particularly with its most important customer, Facebook; (2) the Content Security market was smaller than defendants represented and defendants' representations were based on outdated market data; (3) TaskUs improperly recognized revenue from certain key contracts; (4) defendants overstated the size of TaskUs' workforce as well as employee retention rates, and understated attrition rates; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.
DEADLINE: April 25, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/taskus-inc-loss-submission-form/?id=26106&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of TASK during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is April 25, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm
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| 2022-04-20T10:43:22Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Telefonaktiebolaget LM Ericsson.
Shareholders who purchased shares of ERIC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: April 27, 2017 to February 25, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) Ericsson overstated the extent to which it had reformed its business practices to eliminate the use of bribes to secure business in foreign countries; (ii) Ericsson had paid bribes to the terrorist group the Islamic State in Iraq and Syria to gain access to certain transport routes in Iraq; (iii) accordingly, the Company's revenues derived from its operations in Iraq were, in at least substantial part, derived from unlawful conduct and thus unsustainable; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE: May 2, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/telefonaktiebolaget-lm-ericsson-loss-submission-form/?id=26110&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of ERIC during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is May 2, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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| 2022-04-20T10:43:29Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Vertiv Holdings Co.
Shareholders who purchased shares of VRT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: April 28, 2021 to February 23, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company could not adequately respond to supply chain issues and inflation by increasing its prices; (2) as a result of the increasing costs, Vertiv's earnings would be adversely impacted; and (3) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
DEADLINE: May 23, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/vertiv-holdings-co-loss-submission-form/?id=26117&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of VRT during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is May 23, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm
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| 2022-04-20T10:43:35Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Volta Inc..
Shareholders who purchased shares of VLTA during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: August 2, 2021 to March 28, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Volta had improperly accounted for restricted stock units issued in connection with the business combination of Volta Industries, Inc. ("Legacy Volta") and Tortoise Acquisition Corp. II; (2) as a result, the Company had understated its net loss for third quarter 2021; (3) there were material weaknesses in the Company's internal control over financial reporting that resulted in a material error; (4) as a result of the foregoing, the Company would restate its financial statements; (5) as a result of the foregoing, Legacy Volta's founders would imminently exit the Company; (6) as a result, the Company's financial results would be adversely impacted; and (7) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
DEADLINE: May 31, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/volta-inc-loss-submission-form/?id=26119&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of VLTA during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is May 31, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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| 2022-04-20T10:43:43Z
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Meanwhile, many adults, cautious about the price tag, are considering a return to college amid steep enrollment declines.
INDIANAPOLIS , April 20, 2022 /PRNewswire/ -- Within the past six months, three-fourths of students in bachelor's programs and two-thirds of adults seeking associate degrees who have considered taking a break from college cited emotional stress, according to a new Gallup-Lumina report.
The research also shows 44% of adults who are not currently enrolled in a college degree or certificate program say they have considered enrolling in the past two years.
Gallup and Lumina conducted the latest study last fall. The survey of 11,227 U.S. adults expands on a 2020 study of U.S. higher education that found rising concerns among students about the shift from in-person to remote learning. That research confirmed the spread of COVID-19 had jeopardized student retention, with about half reporting the pandemic was "likely" or "very likely" to affect their enrollment. In 2021, Gallup and Lumina asked students about the ongoing risks of staying enrolled and the policies and programs that allowed them to continue. Those who had left college without finishing or had never registered were also asked why they were not in college to better understand how colleges and universities — and policymakers who support them — must adapt to attract these prospective students.
Mental health was cited twice as often as the pandemic, the cost of college, or the difficulty of coursework as the reason college students had considered stopping out.
Within the past six months, about one-third of bachelor's degree students and four in 10 associate degree-seekers report they have considered stopping out. These are consistent with 2020 levels when the pandemic precipitated steep declines in college enrollment nationally.
College enrollment began declining slowly a decade ago, and enrollments have fallen precipitously during the pandemic. Understanding why people leave college — or do not go at all — is essential to helping colleges and universities design programs that better enable people to earn credentials, said Courtney Brown, Lumina's vice president for impact and planning.
"Enrollment has plunged alarmingly," Brown said. "To reverse this trend, we must understand students' perspectives, especially those of non-traditionally aged students. This includes what barriers they face and the practices that support them. This survey offers insights that can help us meet today's students where they are."
Gallup and Lumina surveyed the following groups of U.S. adults aged 18 to 59 who had finished high school and were living in the U.S.:
- Currently enrolled students: 5,215 adults pursuing a bachelor's degree or associate degree.
- Pre-COVID students: 2,541 adults who were enrolled in a certificate or degree program after high school before COVID-19 but have been unenrolled since
- Enrolled during COVID, not currently enrolled: 469 prior students who have been enrolled in a certificate or degree program after high school since COVID-19 began, but are not currently enrolled
- Prospective students: 3,002 U.S. adults aged 18-59 who have never been enrolled in a certificate or degree program after high school
Thirty-six percent of bachelor's program students and four in 10 students working toward associate degrees reported it was "difficult" or "very difficult" to stay enrolled in the 2021-22 school year. Students of color, including Native American, Alaska Native, and Native Hawaiian students, and multiracial students, were most likely to report challenges.
Among those who stayed in college, about half of associate or bachelor's degree program students reported the financial aid they received and their confidence in the value of their education were "very important" reasons for staying in school. Six in 10 students said earning college degrees would allow them to pursue more fulfilling careers or seek higher-paying work.
Less expensive, shorter-term programs also are drawing interest, with 85% of those recently enrolled in certificate or degree programs who stopped out during the pandemic considering reenrollment.
The Gallup-Lumina research shows that tuition and other financial concerns were the chief barriers for adults considering higher education, a constituency that may continue to grow as a higher percentage of jobs require formal education, including college degrees. More than half of adults not in college say the price tag is a "very important" reason they stopped out or never enrolled. Unenrolled adults consistently cited the expense of college, regardless of race, ethnicity, or income level.
"This research confirms many people still view cost as the greatest barrier," said Stephanie Marken, Gallup executive director for education. "Yet, more students need to benefit from the social mobility possible with a college degree or other credential."
About Lumina Foundation
Lumina Foundation is an independent, private foundation in Indianapolis committed to making opportunities for learning beyond high school available to all. We envision a system that is easy to navigate, delivers fair results, and meets the nation's need for talent through a broad range of credentials. Our goal is to prepare people for informed citizenship and success in a global economy.
About Gallup
Gallup delivers analytics and advice to help leaders and organizations solve their most pressing problems. Combining more than 80 years of experience with its global reach, Gallup knows more about the attitudes and behaviors of employees, customers, students, and citizens than any other organization in the world.
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| 2022-04-20T10:43:49Z
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VANCOUVER, BC, April 20, 2022 /PRNewswire/ - Trilogy Metals Inc. (TSX: TMQ) (NYSE American: TMQ) ("Trilogy" or the "Company") is pleased to announce the fifth and final set of infill drilling results from the 2021 summer field season at the Arctic Project, part of the Upper Kobuk Mineral Projects ("UKMP") located in Northwestern Alaska managed by Ambler Metals LLC ("Ambler Metals"), the joint venture operating company equally owned by wholly owned subsidiaries of Trilogy and South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) ("South32").
The 2021 Arctic drill program included 4,131 meters of diamond drilling, comprising 18 holes, that were designed to convert part of the resources from the Indicated category to the Measured category, and provide material for metallurgical testing and geotechnical information. The assay results detailed here are for the remaining nine infill/metallurgical drill holes from the 2021 summer field season.
Based on a cut-off grade of 0.5% copper equivalent, significant zones of high-grade copper, zinc, lead, gold, and silver mineralization were intersected, including:
- Hole AR21-0190 intersected six mineralized intervals, including
- Hole AR21-0189 intersected two mineralized intervals, including 10.42 meters of 6.78% copper, 13.14% zinc, 2.36% lead, 0.42 g/t gold and 102.65 g/t silver for a copper equivalent grade of 13.58%.
- Hole AR21-0187 intersected three mineralized intervals, including 6.83 meters of 6.57% copper, 9.69% zinc, 1.58% lead, 0.78 g/t gold and 86.95 g/t silver for a copper equivalent grade of 11.93%.
- Hole AR21-0186 intersected seven mineralized intervals, including
- Hole AR21-0183 intersected three mineralized intervals, including 7.10 meters of 7.10% copper, 6.51% zinc, 0.38% lead, 0.19 g/t gold and 54.97 g/t silver for a copper equivalent grade of 10.23%.
- Hole AR21-0180 intersected eight mineralized intervals, including
- Hole AR21-0178 intersected six mineralized intervals, including 4.60 meters of 3.53% copper, 1.37% zinc, 0.10% lead, 0.13 g/t gold and 18.33 g/t silver for a copper equivalent grade of 4.31%.
- Hole AR21-0185 intersected four mineralized intervals, including 7.47 meters of 4.28% copper, 6.71% zinc, 1.26% lead, 0.37 g/t gold and 58.17 g/t silver for a copper equivalent grade of 7.92%.
- Assay results for the first 176.94 meters from drill hole AR21-0176 were made public on November 29, 2022. The remaining assay results for this hole include 12.41 meters of 2.88% copper, 3.29% zinc, 0.88% lead, 0.61 g/t gold and 53.96 g/t silver for a copper equivalent grade of 5.25%.
All reported intervals are thought to be close to the true width and therefore represent the actual thickness of mineralization.
Tony Giardini, President and CEO of Trilogy, commented, "These latest drilling results serve to reinforce that the Arctic deposit is truly unique given the very high grades and consistency of mineralization within the metalliferous horizons. All nine holes in this press release have exceptional high grades of not only copper but also zinc, lead, silver and gold. The polymetallic nature of the Arctic deposit, and the exploration upside in the surrounding 181,000-hectare land package, truly makes this an exceptional project which, we believe, has the potential to play a significant role in supplying the United States economy with a domestic stable, environmentally safe supply of critical and green metals for many years."
Richard Gosse, Trilogy's Vice President, Exploration stated, "Yet another set of impressive drill intersections from Arctic – the last of the assays from the 2021 infill/geotechnical drill program. Besides providing important geotechnical data and increasing the certainty of future resource estimates, the 2021 drill program at Arctic found mineralization extending beyond the pit boundary used in the 2020 Arctic Feasibility Study, and from an exploration perspective, shows Zones 3, 4 and 5 are open at shallower depths to the north."
On November 22, 2021, the Company released the assay results for two geotechnical drill holes AR21-0173 and AR21-0175 that intersected high-grade mineralization beyond the currently designed pit at Arctic. Subsequently on November 29, 2021, the Company released additional drilling results from two infill/metallurgical holes drilled early in the 2021 field season. Of note is drill hole AR21-0176 which intersected 19.91 meters of almost 12% copper equivalent. On January 25, 2022, the Company released the results for two additional metallurgical/infill drill holes from Arctic and on March 17, 2022, the Company released the results for an additional four infill holes at Arctic. For more information on these drilling results, please visit the Company's website at https://trilogymetals.com/news-and-media/news/.
These latest drilling results from the 2021 program contain mineralized intervals consistent with previous drilling conducted within the resource area on the property. Significant mineralized intervals of high-grade mineralization at a cut-off of 0.5% copper equivalent are reported in Table 1. The locations of the holes are shown in Figure 1 and Table 2.
Of the 18 holes drilled at Arctic last summer, eight holes were for the geotechnical program. The 10 remaining drill holes were part of the infill/metallurgical program, with three of the 10 drill holes also being used for the hydrology program.
Table 1. Drill Intercepts from the 2021 Arctic Infill Drilling Program
The reported intervals are based on a copper-equivalent grade of 0.5% using metal prices from Trilogy's 2020 Arctic feasibility study (US$3.00/lb copper, US$1.10/lb zinc, US$1.00/lb lead, US$1,300/oz gold, and US$18.00/oz silver) and a maximum of 3-meters internal dilution. All drill hole intercepts are close to true width.
Table 2. Drill Hole Locations at the Arctic Project
A cross section showing drill holes AR21-0180, AR21-0183 and AR21-0190 can be seen in Figure 2. Also, a cross section showing drill holes AR21-0185, AR21-0187 and AR21-0189 is shown in Figure 3.
Hole AR21-0178 which is sized HQ3 (61 mm diameter), was drilled as part of the geotechnical program. At 178.17 meters, a 55-centimetre-thick and partly sphalerite and chalcopyrite mineralized quartz vein is present. From 178.72 to 180.95 meters, below the vein, base metal mineralization consists of semi-massive sulphides and is comprised of chalcopyrite, and dark-red sphalerite. Where mineralization is not massive or semi-massive, stringer-style mineralization parallel to foliation is present. At 199.53 meters, another 30-centimetre interval of semi-massive chalcopyrite and sphalerite mineralization is present. From 234.32 to 244.66 meters, weak chalcopyrite and sphalerite mineralization is present as thin (< 5 centimeters) lenticular-shaped aggregates.
Hole AR21-0180 which is sized HQ3 (61 mm diameter), was drilled as part of the geotechnical program. Mineralization begins at 131.46 meters and continues to 166.11 meters with two massive sulphide intercepts. From 147.02 to 148.09 meters, the first massive sulphide section is pyritic and rubbly. Chalcopyrite stringer-style mineralization also increases towards 151.55 meters, where massive sulphide is present from 151.55 to 152.54 meters, and trace native copper is present on some fractures. The massive sulphide interval, although thin, is copper dominated comprised of up to 45% chalcopyrite, lesser pyrite, and minor barite. From 152.54 to 171.87 meters, the interval hosts variable sphalerite and chalcopyrite mineralization. Sphalerite typically manifests as thin near massive bands, and chalcopyrite is present both as bands and stringers. The section from 221.88 to 267.31 meters is weakly mineralized where chalcopyrite stringer-style mineralization is present with and replaced by pyrrhotite.
Hole AR21-0183 which is sized HQ3 (61 mm diameter), was drilled as part of the geotechnical program. It intersected massive sulphides from 200.90 to 204.95 meters. Mineralization consisted of 35% chalcopyrite, 20% sphalerite, minor pyrite, and trace bornite and covellite. From 238 to 256.65 meters, the interval is composed of weak mineralization and is generally marked by fine to medium grained trace pyrite and even more occasionally pyrrhotite.
Hole AR21-0185 which is sized HQ3 (61 mm diameter), was drilled as part of the resource conversion and metallurgical bulk sampling programs, as well as the hydrology testing program. Between 123.19 and 128.20 meters, this hole intersected approximately 4 meters of massive and semi-massive sulphides. The massive and semi-massive units host up to 30% chalcopyrite, 20% sphalerite, 50% pyrite, minor barite, and trace amounts of bornite and covellite. Mottled barite bands up to 2 cm (rarely 4 cm) were associated with fine grained chalcopyrite and pyrite. Very minor banded stringers of chalcopyrite, sphalerite, and pyrite within foliation occur between 146 and 157 meters.
Hole AR21-0186 which is sized PQ3 (83 mm diameter), was drilled as part of the resource conversion and metallurgical bulk sampling programs. Drilling was prematurely terminated in massive sulphides at 200.25 meters when the drill rods stuck. From 111.81 to 114.91 meters, drilling encountered massive sulphide mineralization. Beyond 139.20 meters, mineralization contains periodic bands of massive sulphides with quartz-chlorite-talc-calcite gangue; where generally, mineralization is composed of short, massive sulphide bands in chlorite-talc rocks. Between 139.20 and 157.48 meters, massive sulphides and semi-massive sulphides are locally barite-rich and alternates with typical grey shist.
Hole AR21-0187 which is sized HQ3 (61 mm diameter), was drilled as a part of the geotechnical program. A massive sulphide interval from 85.18 to 89.66 meters averages 5% pyrite, 35% chalcopyrite, and 5% galena. Another mineralized interval from 123.75 to 124.5 meters hosts semi massive sulphides with 5% pyrite, 13% chalcopyrite, and 12% sphalerite.
Hole AR21-0189 which is sized HQ3 (61 mm diameter), was drilled as part of the geotechnical program. The first massive sulphide zone was encountered from 51.34 to 60.88 meters with the first 20 cm of the interval containing disseminated chalcopyrite that progressively increases into a massive sulphide interval. The first 1.25 meters of the massive sulphides contain 40% chalcopyrite, 20% pyrite, and 15% sphalerite. From 56.10 meters to 56.62 meters, the massive sulphides become increasingly copper-rich at the expense of sphalerite which decreases in abundance significantly. From 58 to 59.24 meters, bornite mineralization is present in moderate amounts associated with very weak chalcocite mineralization and abundant chalcopyrite mineralization. From 59.24 to 60.88 meters, at the end of the first massive sulphide intercept, chalcopyrite becomes the dominant sulphide. The second massive sulphide zone was observed from 61.54 to 62.06 meters with 85% chalcopyrite, 5% pyrite and 2% sphalerite.
Hole AR21-0190 which is sized HQ3 (61 mm diameter), was drilled as part of the geotechnical program. The interval from 134.24 to 159.46 meters is a combination of interlayered semi massive and massive sulphides that contain an approximate average of 25% pyrite, 35% chalcopyrite and 20% sphalerite. Another mineralized zone was encountered from 186.75 to 195.57 meters which contains massive sulphides averaging 35% pyrite, 25% chalcopyrite, 20% sphalerite, 2% barite and 1% bornite.
All percentages of sulphide mineralization are based off the visual estimations in the core.
Within the Arctic deposit, mineralization occurs as stratiform semi-massive sulphide to massive sulphide beds within primarily chlorite schists and fine-grained quartz schists. The sulphide beds average 4 meters in thickness but vary from less than 1 meter up to as much as 20 meters in thickness.
The drilling program, sampling and assaying protocol, and data verification were managed by qualified persons (QPs) employed by Ambler Metals. The diamond drill holes were completed using PQ3 or HQ3 diameter core, and recoveries averaged 95%. Drill core was cut lengthwise into halves using a diamond saw, with one-half used to construct composites for metallurgical testing and one-half cut lengthwise to provide quarter core for sampling. The remainder of the core was retained in core trays and archived at site.
Samples were collected through mineralized zones using a 0.17 m minimum length and 2.5 m maximum length; average sample length is 1.70 m. Weights of the drill core samples range from 0.2 to 16.86 kg, depending on the size of core, rock type, and recovery.
Each core sample was placed into a bag with a numbered tag and quality control samples were inserted between core samples using the same numbering sequence. Then, samples were grouped into batches for shipping and laboratory submissions. Each batch of 20 samples contains three quality control (QC) samples that comprise one certified reference material (CRM), one core blank (BLK), and one core or crushed duplicate (DUP). Chain-of-custody records are maintained for sample shipments and the custody is transferred from Ambler Metals' expeditor to the laboratory upon delivery.
Samples were shipped initially to ALS Minerals' laboratory in Fairbanks, Alaska, USA, then on to ALS Minerals' laboratory in Hermosillo, Mexico, for sample preparation. ALS Minerals Fairbanks and Hermosillo are satellite sample preparation facilities accredited under ALS Minerals. After preparation at ALS Minerals Hermosillo, split pulp samples were shipped to ALS Minerals in North Vancouver, B.C., Canada, for assaying. ALS Minerals North Vancouver is an independent laboratory certified under ISO 9001:2008 and accredited under ISO/IEC 17025:2005 by the Standards Council of Canada. ALS Minerals includes its own internal quality control samples comprising certified reference materials, blanks, and pulp duplicates.
Drill core samples were weighed (WEI-21), dried if excessively wet (DRY-21), coarse jaw crushed to 70% passing 6 mm (CRU-21), fine jaw crushed to 70% passing 2 mm (CRU-31), riffle split to 250 g subsamples (SPL-21) and pulverized to 85% passing 75 μm (PUL-31). Crushed duplicates were created by riffle splitting crushed samples into two parts.
Gold analyses were completed using a 30 g lead fire assay and AAS finish (Au-AA23). Multi-element analyses for 48 elements were completed using a geochemical four-acid digestion and ICP-ES/MS finish (ME-MS61). Over-range assays for silver, copper, zinc and sulfur were completed using an ore grade four-acid digestion and ICP-ES finish (ME-OG62). Additional analyses were completed for barium and mercury.
Gold, silver, copper, lead and zinc assays for QC samples were reviewed to ensure that CRMs are within tolerance limits specified on supplier certificates, BLKs are below acceptable thresholds, and DUPs display statistical patterns normally expected for sample types, methods, and elements. CRMs that returned assays outside of tolerance limits and BLKs with assays above thresholds were deemed to have failed. Sample batches containing failed QC samples were re-assayed to ensure that the QC samples returned acceptable results before release. All QC monitoring data are reviewed and signed off by an independent QA/QC geologist.
There is no known relationship between core sample recoveries and assay grades. Ambler Metals will submit 5% of the assay intervals from prospective lithologies to a laboratory independent of ALS Minerals for check assaying.
Richard Gosse, P.Geo., Vice President, Exploration for Trilogy, is a Qualified Person as defined by National Instrument 43-101. Mr. Gosse has reviewed the scientific and technical information in this news release and approves the disclosure contained herein.
Trilogy Metals Inc. is a metal exploration and development company which holds a 50 percent interest in Ambler Metals LLC which has a 100 percent interest in the Upper Kobuk Mineral Projects ("UKMP") in Northwestern Alaska. On December 19, 2019, South32, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy. The UKMP is located within the Ambler Mining District which is one of the richest and most-prospective known copper-dominant districts in the world. It hosts world-class polymetallic volcanogenic massive sulphide ("VMS") deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization. Exploration efforts have been focused on two deposits in the Ambler Mining District – the Arctic VMS deposit and the Bornite carbonate replacement deposit. Both deposits are located within a land package that spans approximately 181,387 hectares. Ambler Metals has an agreement with NANA Regional Corporation, Inc., an Alaska Native Corporation that provides a framework for the exploration and potential development of the Ambler Mining District in cooperation with local communities. Trilogy's vision is to develop the Ambler Mining District into a premier North American copper producer.
This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to interpretation of drill results; the Company's beliefs regarding the potential of the Arctic Project; the Company's beliefs regarding the Arctic Project's potential to play a significant role in supplying the United States economy with a domestic stable, environmentally safe supply of critical and green metals for many years; and expectations regarding future drill results; are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the uncertainties involving impact of the COVID-19 pandemic; success of exploration activities, permitting timelines, requirements for additional capital, government regulation of mining operations, environmental risks, prices for energy inputs, labour, materials, supplies and services, uncertainties involved in the interpretation of drilling results and geological tests, unexpected cost increases and other risks and uncertainties disclosed in the Company's Annual Report on Form 10-K for the year ended November 30, 2021 filed with Canadian securities regulatory authorities and with the United States Securities and Exchange Commission and in other Company reports and documents filed with applicable securities regulatory authorities from time to time. The Company's forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made. The Company assumes no obligation to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by law.
This press release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Unless otherwise indicated, all resource and reserve estimates included in this press release have been prepared in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy and Petroleum (CIM)—CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended ("CIM Definition Standards"). NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission (SEC), and resource and reserve information contained herein may not be comparable to similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, the term "resource" does not equate to the term "reserves". Under U.S. standards, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. The SEC's Industry Guide 7 did not permit the inclusion of information concerning "mineral resources". The SEC's new mining disclosure rules under Regulation S-K 1300 are closer, but not identical to NI 43-101 and CIM Definition Standards. As the Company is not yet subject to Regulation S-K 1300, it remains subject to SEC industry Guide 7. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards under either SEC's Industry Guide 7 or Regulation S-K 1300.
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| 2022-04-20T10:43:56Z
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Yum China Announces Disclosure under Hong Kong Stock Exchange Rules in Relation to a Possible Quarterly Dividend
Published: Apr. 20, 2022 at 4:30 AM EDT|Updated: 2 hours ago
SHANGHAI, April 20, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, "Yum China" or the "Company") today announced, in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "HKEX") which require advance notice of board meetings at which a dividend is expected to be declared, that its board of directors (the "Board") will consider the declaration and payment of a quarterly dividend (the "Dividend"). If the Board decides to proceed, the declaration will be adopted by Board resolution on or around May 4, 2022 (Beijing/Hong Kong Time) and will be promptly disclosed by the Company.
The Company makes available through the Investor Relations section of its internet website at http://ir.yumchina.com its filings with the HKEX as soon as reasonably practicable after electronically filing such material with the HKEX. These filings may also be obtained by visiting the HKEX's website at http://www.hkex.com.hk.
As no Board resolution in relation to the Dividend has been adopted as of the date of this press release, there is no assurance that the Dividend will be declared.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as "expect," "expectation," "believe," "anticipate," "may," "could," "intend," "belief," "plan," "estimate," "target," "predict," "project," "likely," "will," "continue," "should," "forecast," "outlook" or similar terminology. These statements are based on current estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate and reasonable under the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct. Forward-looking statements are not guarantees of performance and are inherently subject to known and unknown risks and uncertainties that are difficult to predict and could cause our actual results or events to differ materially from those indicated by those statements. We cannot assure you that any of our expectations, estimates or assumptions will be achieved. The forward-looking statements included in this press release are only made as of the date of this press release, and we disclaim any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances, except as required by law. Numerous factors could cause our actual results or events to differ materially from those expressed or implied by forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. You should consult our filings with the Securities and Exchange Commission (including the information set forth under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K) for additional detail about factors that could affect our financial and other results.
About Yum China Holdings, Inc.
Yum China Holdings, Inc. is a licensee of Yum! Brands in mainland China. It has exclusive rights in mainland China to KFC, China's leading quick-service restaurant brand, Pizza Hut, the leading casual dining restaurant brand in China, and Taco Bell, a California-based restaurant chain serving innovative Mexican-inspired food. Yum China also owns the Little Sheep, Huang Ji Huang, East Dawning and COFFii & JOY concepts outright. In addition, Yum China has partnered with Lavazza to explore and develop the Lavazza coffee shop concept in China. The Company had 12,163 restaurants in over 1,600 cities at the end of February 2022.
In 2021, Yum China ranked # 363 on the Fortune 500 list and was named to TIME100 Most Influential Companies list. Yum China has also been selected as member of both Dow Jones Sustainability Indices (DJSI): World Index and Emerging Market Index. In 2022, the Company was named to the Bloomberg Gender-Equality Index and was certified as a Top Employer 2022 in China by the Top Employers Institute, both for the fourth consecutive year. For more information, please visit http://ir.yumchina.com.
Investor Relations Contact
Tel: +86 21 2407 7556 / +852 2267 5801
E-mail: IR@yumchina.com
Media Contact
Tel: +86 21 2407 7510
E-mail: Media@yumchina.com
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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.
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| 2022-04-20T10:44:00Z
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Judge sends Julian Assange extradition decision to UK government
LONDON (AP) — A British judge on Wednesday formally approved the extradition of Julian Assange to the United States to face spying charges. The case will now go to Britain’s interior minister for a decision, though the WikiLeaks founder still has legal avenues of appeal.
The order, which brings and end to the years’-long extradition battle closer, comes after the U.K. Supreme Court last month refused Assange permission to appeal against a lower court’s ruling that he could be extradited.
District Judge Paul Goldspring issued the order in a brief hearing at Westminster Magistrates’ Court, as Assange watched by video link from Belmarsh Prison and his supporters rallied outside the courthouse, demanding he be freed.
Home Secretary Priti Patel will now decide whether to grant the extradition.
The move doesn’t exhaust the legal options for Assange, who has sought for years to avoid a trial in the U.S. on charges related to WikiLeaks’ publication of a huge trove of classified documents more than a decade ago.
His lawyers have four weeks to make submissions to Patel, and can also seek to appeal to the High Court.
Assange lawyer Mark Summers told the court that the legal team had “serious submissions” to make.
The U.S. has asked British authorities to extradite Assange so he can stand trial on 17 charges of espionage and one charge of computer misuse. American prosecutors say Assange unlawfully helped U.S. Army intelligence analyst Chelsea Manning steal classified diplomatic cables and military files that WikiLeaks later published, putting lives at risk.
Supporters and lawyers for Assange, 50, argue that he was acting as a journalist and is entitled to First Amendment protections of freedom of speech for publishing documents that exposed U.S. military wrongdoing in Iraq and Afghanistan. They argue that his case is politically motivated.
A British district court judge had initially rejected a U.S. extradition request on the grounds that Assange was likely to kill himself if held under harsh U.S. prison conditions. U.S. authorities later provided assurances that the WikiLeaks founder wouldn’t face the severe treatment that his lawyers said would put his physical and mental health at risk.
In December, the High Court overturned the lower court’s decision, saying that the U.S. promises were enough to guarantee that Assange would be treated humanely. The Supreme Court in March rejected Assange’s attempt to challenge that ruling.
Assange’s lawyers say he could face up to 175 years in jail if he is convicted in the U.S., though American authorities have said the sentence was likely to be much lower than that.
Assange has been held at Britain’s high-security Belmarsh Prison in London since 2019, when he was arrested for skipping bail during a separate legal battle. Before that, he spent seven years inside the Ecuadorian Embassy in London to avoid extradition to Sweden to face allegations of rape and sexual assault.
Sweden dropped the sex crimes investigations in November 2019 because so much time had elapsed.
Last month, Assange and his partner Stella Moris married in a prison ceremony.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wvva.com/2022/04/20/judge-sends-assange-extradition-decision-uk-government/
| 2022-04-20T11:39:55Z
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Netflix aims to curtail password sharing, considers ads
SAN FRANCISCO (AP) — An unexpectedly sharp drop in subscribers has Netflix considering changes it has long resisted: Minimizing password sharing and creating a low-cost subscription supported by advertising.
Looming changes announced late Tuesday are designed to help Netflix regain momentum lost over the past year. Pandemic-driven lockdowns that drove binge-watching have lifted, while deep-pocketed rivals such as Apple and Walt Disney have begun to chip away at its vast audience with their own streaming services.
Netflix’s customer base fell by 200,000 subscribers during the January-March quarter, the first contraction the streaming service has seen since it became available throughout most of the world other than China six years ago. The drop stemmed in part from Netflix’s decision to withdraw from Russia to protest the war against Ukraine, resulting in a loss of 700,000 subscribers. Netflix projected a loss of another 2 million subscribers in the current April-June quarter.
The erosion, coming off a year of progressively slower growth, has rattled Netflix investors. Shares plunged by more than 25% in extended trading after Netflix revealed its disappointing performance. If the stock drop extends into Wednesday’s regular trading session, Netflix shares will have lost more than half of their value so far this year — wiping out about $150 billion in shareholder wealth in less than four months.
The Los Gatos, California, company estimated that about 100 million households worldwide, including 30 million in the U.S. and Canada, are watching its service for free by using the account of a friend or another family member.
“Those are over 100 million households already are choosing to view Netflix,” Netflix CEO Reed Hastings said. “We’ve just got to get paid at some degree for them.”
To prod more people to pay for their own accounts, Netflix indicated it will expand a trial program it has been running in three Latin American countries — Chile, Costa Rica and Peru. In these locations, subscribers can extend service to another household for a discounted price. In Costa Rica, for instance, Netflix plan prices range from $9 to $15 a month, but subscribers can openly share their service with another household for $3.
Netflix offered no additional information about how a cheaper ad-supported service tier would work or how much it would cost. Another rival, Hulu, has long offered an ad-supported tier.
While Netflix clearly believes these changes will help it build upon its current 221.6 million worldwide subscribers, the moves also risk alienating customers to the point they cancel.
Netflix was previously stung by a customer backlash in 2011 when it unveiled plans to begin charging for its then-nascent streaming service, which had been bundled for free with its traditional DVD-by-mail service before its international expansion. In the months after that change, Netflix lost 800,000 subscribers, prompting an apology from Hastings for botching the execution of the spin-off.
Tuesday’s announcement was a sobering comedown for a company that was buoyed two years ago when millions of consumers corralled at home were desperately seeking diversions — a void Netflix was happy to fill. Netflix added 36 million subscribers during 2020, by far the largest annual growth since its video streaming service’s debut in 2007.
But Hastings now believes those outsized gains may have blinded management. “COVID created a lot of noise on how to read the situation,” he said in a video conference Tuesday.
Netflix began heading in a new direction last year when its service added video games at no additional charge in an attempt to give people another reason to subscribe.
Escalating inflation over the past year has also squeezed household budgets, leading more consumers to rein in their spending on discretionary items. Despite that pressure, Netflix recently raised prices in the U.S., where it has its greatest household penetration — and where it’s had the most trouble finding more subscribers.
In the most recent quarter, Netflix lost 640,000 subscribers in the U.S. and Canada, prompting management to point out that most of its future growth will come in international markets. Netflix ended March with 74.6 million subscribers in the U.S. and Canada.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wvva.com/2022/04/20/netflix-aims-curtail-password-sharing-considers-ads/
| 2022-04-20T11:40:02Z
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Russia’s Chernobyl seizure seen as nuclear risk ‘nightmare’
CHERNOBYL, Ukraine (AP) — Here in the dirt of one of the world’s most radioactive places, Russian soldiers dug trenches. Ukrainian officials worry they were, in effect, digging their own graves.
Thousands of tanks and troops rumbled into the forested Chernobyl exclusion zone in the earliest hours of Russia’s invasion of Ukraine in February, churning up highly contaminated soil from the site of the 1986 accident that was the world’s worst nuclear disaster.
For more than a month, some Russian soldiers bunked in the earth within sight of the massive structure built to contain radiation from the damaged Chernobyl nuclear reactor. A close inspection of their trenches was impossible because even walking on the dirt is discouraged.
As the 36th anniversary of the April 26, 1986, disaster approaches and Russia’s invasion continues, it’s clear that Chernobyl — a relic of the Cold War — was never prepared for this.
With scientists and others watching in disbelief from afar, Russian forces flew over the long-closed plant, ignoring the restricted airspace around it. They held personnel still working at the plant at gunpoint during a marathon shift of more than a month, with employees sleeping on tabletops and eating just twice a day.
Even now, weeks after the Russians left, “I need to calm down,” the plant’s main security engineer, Valerii Semenov, told The Associated Press. He worked 35 days straight, sleeping only three hours a night, rationing cigarettes and staying on even after the Russians allowed a shift change.
“I was afraid they would install something and damage the system,” he said in an interview.
Workers kept the Russians from the most dangerous areas, but in what Semenov called the worst situation he has seen in his 30 years at Chernobyl, the plant was without electricity, relying on diesel generators to support the critical work of circulating water for cooling the spent fuel rods.
“It was very dangerous to act in this way,” said Maksym Shevchuck, the deputy head of the state agency managing the exclusion zone. He was scared by it all.
Russia’s invasion marks the first time that occupying a nuclear plant was part of a nation’s war strategy, said Rebecca Harms, former president of the Greens group in the European Parliament, who has visited Chernobyl several times. She called it a “nightmare” scenario in which “every nuclear plant can be used like a pre-installed nuclear bomb.”
A visit to the exclusion zone, more desolate than usual, found that the invasion risked a catastrophe worse than the original explosion and fire at Chernobyl that sent radioactive material into the atmosphere and became a symbol of the Soviet Union’s stumbling final years. Billions of dollars were spent by the international community, including Russia, to stabilize and secure the area.
Now authorities are working with Ukraine’s defense ministry on ways to protect Chernobyl’s most critical places. At the top of the list are anti-drone systems and anti-tank barriers, along with a system to protect against warplanes and helicopters.
None of it will matter much if Russian President Vladimir Putin resorts to nuclear weapons, which Shevchuck says he can’t rule out anymore.
“I understand they can use any kind of weapon and they can do any awful thing,” he said.
Chernobyl needs special international protection with a robust U.N. mandate, Harms said. As with the original disaster, the risks are not only to Ukraine but to nearby Belarus and beyond.
“It depends from where the wind blows,” she said.
After watching thousands of Soviet soldiers work to contain the effects of the 1986 accident, sometimes with no protection, Harms and others were shocked at the Russian soldiers’ disregard for safety, or their ignorance, in the recent invasion.
Some soldiers even stole highly radioactive materials as souvenirs or possibly to sell.
“I think from movies they have the imagination that all dangerous small things are very valuable,” Shevchuck said.
He believes hundreds or thousands of soldiers damaged their health, likely with little idea of the consequences, despite plant workers’ warnings to their commanders.
“Most of the soldiers were around 20 years old,” he said. “All these actions proves that their management, and in Russia in general, human life equals like zero.”
The full extent of Russia’s activities in the Chernobyl exclusion zone is still unknown, especially because the troops scattered mines that the Ukrainian military is still searching for. Some have detonated, further disturbing the radioactive ground. The Russians also set several forest fires, which have been put out.
Ukrainian authorities can’t monitor radiation levels across the zone because Russian soldiers stole the main server for the system, severing the connection on March 2. The International Atomic Energy Agency said Saturday it still wasn’t receiving remote data from its monitoring systems. The Russians even took Chernobyl staffers’ personal radiation monitors.
In the communications center, one of the buildings in the zone not overgrown by nature, the Russians looted and left a carpet of shattered glass. The building felt deeply of the 1980s, with a map on a wall still showing the Soviet Union. Someone at some point had taken a pink marker and traced Ukraine’s border.
In normal times, about 6,000 people work in the zone, about half of them at the nuclear plant. When the Russians invaded, most workers were told to evacuate immediately. Now about 100 are left at the nuclear plant and 100 are elsewhere.
Semenov, the security engineer, recalled the Russians checking the remaining workers for what they called radicals.
“We said, ‘Look at our documents, 90% of us are originally from Russia,’” he said. “But we’re patriots of our country,” meaning Ukraine.
When the Russians hurriedly departed March 31 as part of a withdrawal from the region that left behind scorched tanks and traumatized communities, they took more than 150 Ukrainian national guard members into Belarus. Shevchuck fears they’re now in Russia.
In their rush, the Russians gave nuclear plant managers a choice: Sign a document saying the soldiers had protected the site and there were no complaints, or be taken into Belarus. The managers signed.
One protective measure the Russians did appear to take was leaving open a line routing communications from the nuclear plant through the workers’ town of Slavutych and on to authorities in Ukraine’s capital, Kyiv. It was used several times, Shevchuck said.
“I think they understood it should be for their safety,” he said. The IAEA said Tuesday the plant is now able to contact Ukraine’s nuclear regulator directly.
Another Ukrainian nuclear plant, at Zaporizhzhia in southeastern Ukraine, remains under Russian control. It is the largest in Europe.
Shevchuck, like other Ukrainians, has had it with Putin.
“We’re inviting him inside the new safe confinement shelter,” he said. “Then we will close it.”
___
Follow AP’s war coverage at https://apnews.com/hub/russia-ukraine
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wvva.com/2022/04/20/russias-chernobyl-seizure-seen-nuclear-risk-nightmare/
| 2022-04-20T11:40:09Z
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Spring returns today!
High temperatures will rise into the 60s today
It’s a chilly morning out there with temperatures in the 20s and 30s. A Freeze Warning is in effect for Buchanan county because of the subfreezing temperatures as their growing season has started. While the growing season hasn’t started yet for most of our area, if you do have any sensitive plants outdoors, remember to cover them or bring them inside!
High pressure will move more directly overhead today. This will keep us dry with a mix of sun and clouds and also bring in warmer air from the south. High temperatures will top off in the 60s for most.
Tonight, we will stay dry but clouds will increase throughout the night. Lows won’t be as cold as they have been due to the cloud cover trapping the heat at the surface.
A weak system could bring a few showers Thursday, but this won’t be a wash-out. Rain will be hit-or-miss throughout the day with highs in the 60s and low 70s.
We will continue to warm up heading into the end of the week. Temperatures will top off in the 70s and even the 80s on Friday and into the weekend. Dry conditions are expected as well as high pressure takes over the region. Make sure to stay tuned and catch the latest on WVVA.
Copyright 2022 WVVA. All rights reserved.
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https://www.wvva.com/2022/04/20/spring-returns-today/
| 2022-04-20T11:40:16Z
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Woman whose body was found in duffel bag was stabbed dozens of times, police say
Published: Apr. 20, 2022 at 7:17 AM EDT|Updated: 22 minutes ago
NEW YORK (WCBS) - Disturbing new details have emerged about the slaying of a New York mother, who was found stuffed in a duffel bag.
Orsolya Gaal was stabbed more than 50 times. The mother of two was found in a duffel bag a few blocks from her home Saturday morning.
Sources said she was killed in her home by someone she knew.
Investigators are looking at Gaal’s relationships, including at least one possible past romantic partner.
There’s a $3,500 reward for information leading to an arrest.
Copyright 2022 WCBS via CNN Newsource. All rights reserved.
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https://www.wvva.com/2022/04/20/woman-whose-body-was-found-duffel-bag-was-stabbed-dozens-times-police-say/
| 2022-04-20T11:40:22Z
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EXPLAINER: Here’s what happens in the post-mask world of travel
DALLAS (AP) — A ruling by a federal judge has ended — at least for now — the requirement that people wear masks on planes and public transportation, and there is plenty of confusion about the new, post-mask world of travel.
The Justice Department left the door open Tuesday to a possible appeal of the ruling, but only if the U.S. Centers for Disease Control and Prevention thinks the mandate is necessary. An appeal could be a politically risky move for the Biden administration.
The decision by a lone judge in Florida toppled 14 months of government insistence that travelers wear masks to reduce transmission of COVID-19. Within hours, all major U.S. airlines and many airports announced — sometimes to passengers in the middle of flights — that travelers could take off their masks.
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WHAT EXACTLY WAS THE RULING?
In a 59-page opinion, U.S. District Judge Kathryn Kimball Mizelle in Tampa, Florida, said the U.S. Centers for Disease Control and Prevention overstepped its authority in issuing the original health order that the Transportation Security Administration used to impose the mask mandate. She said the CDC didn’t follow proper rulemaking procedures.
___
WHAT DOES IT MEAN?
Once TSA said it would no longer enforce the rule, airlines, airports, transit systems and ride-share services were free to decide for themselves whether to require masks. United, Delta, American, Southwest, Alaska, JetBlue and other airlines all made masks voluntary.
On the ground, however, requirements could vary from place to place. New York City’s public transit system planned to keep its mask requirement in effect. In San Francisco, the regional commuter rail system known as BART made masks voluntary, but the city transit authority did not.
The transit agency serving Philadelphia and its suburbs said masks will no longer be required on subways, buses and trains or in stations, even though the city has a mask mandate.
Uber and Lyft said they won’t require passengers to wear masks.
___
HOW SAFE IS IT TO TRAVEL NOW?
Air filtration on planes is generally excellent, but boarding and exiting a plane can put people close together in spaces with poor ventilation, said Dr. Babak Javid, a physician-scientist at the University of California, San Francisco. The risk on other forms of transportation varies.
Dr. David Dowdy, an infectious-disease epidemiologist at Johns Hopkins Bloomberg School of Public Health, said planes can carry the virus from place to place, but that we should be focusing more on big indoor events such as concerts and sporting events — even large weddings — where people get together and talk, shout and sing.
___
SHOULD I STILL WEAR A MASK ON PLANES?
The CDC continues to recommend that people mask up indoors while traveling.
___
DO MASKS WORK IF NOBODY ELSE WEARS ONE?
Yes, masks still give some protection from COVID-19, but they work better if others wear them too.
High-quality masks work in two ways, said Carl Bergstrom, a University of Washington evolutionary biologist who studies emerging infectious diseases: They protect the wearer by limiting the number of infectious particles inhaled, and they protect others by limiting particles exhaled if the wearer is infected.
___
WILL I STAND OUT?
Probably not. Delta Air Lines CEO Ed Bastian, who favored dropping the rule, said before the judge’s order that he expected to see a “surprising number” of passengers and airline employees wear masks even after the mandate expired.
“I may choose to wear a mask once in a while,” he said.
Still, tension among passengers over mask-wearing could continue, said Eileen Ogintz, who writes about family travel and advises parents of small children who can’t be vaccinated to keep masking up.
“I wouldn’t be surprised if you got some dirty looks or nasty comments” from unmasked passengers, she said. “That’s a conversation to have with the kids ahead of time — why you’re wearing masks.”
___
CAN I GET A REFUND IF I DON’T WANT TO FLY NOW?
No, unless the airline cancels your flight.
However, if you call the airline and explain why you’re not comfortable traveling without a mask mandate, most will let you change the flight for free or give you a credit that you can use later, said Scott Keyes, founder of Scott’s Cheap Flights travel site.
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WILL THE LIFTING OF THE BAN AFFECT INTERNATIONAL FLIGHTS?
When flying between two countries, expect your airline to follow the rules in whichever country is more restrictive. Passengers flying to Canada, for example, will have to don masks at some point during the flight, but it’s not clear exactly whether that means when crossing into Canadian airspace or some other point.
Henry Harteveldt, a travel analyst for Atmosphere Research Group, said there might be international airlines that will still require masks even on flights to and from the United States.
___
WILL THIS MAKE MORE PEOPLE WILLING TO FLY?
Industry officials don’t expect that. They say that there could be a small number of people who will start flying now because they don’t have to wear a mask, but that will be offset by a few people deciding not to fly if others are unmasked.
Although the airline industry lobbied to kill the mandate — after supporting it originally — airlines don’t expect the rule’s demise to affect revenue. They are far more interested in seeing the United States repeal another pandemic-era rule: The requirement that people test clear of the virus within a day of flying to the U.S.
A Biden administration official said Tuesday that there were no changes expected to the pre-departure testing requirement.
___
WHEN DID THE U.S. REQUIRE MASKS?
The mask mandate for transportation began in February 2021, shortly after President Joe Biden took office, and was extended several times. Last week, the CDC extended it again until May 3. The CDC said the extra time was needed to study the BA.2 omicron subvariant, which is now responsible for the vast majority of cases in the U.S.
___
HOW CAN A SINGLE JUDGE HAVE SO MUCH POWER?
Usually, decisions by a federal judge affect only the people involved in one case, or a limited geographic area. But judges can also issue so-called nationwide or universal injunctions that apply across the country, and it is happening more often — a practice that has drawn criticism from conservative members of the U.S. Supreme Court.
___
WHO IS JUDGE KATHRYN KIMBALL MIZELLE?
Mizelle was nominated in 2020 by former President Donald Trump and confirmed in a party-line vote in the Senate, which was then controlled by Republicans, after Trump had lost his bid for re-election. At 33 when confirmed, she was the youngest Trump appointee on the federal bench, and the American Bar Association had rated her “not qualified” in part because she had been practicing law for only eight years.
___
WILL THE BIDEN ADMINISTRATION RESPOND?
The Justice Department said Tuesday it won’t appeal Mizelle’s ruling unless the CDC believes that the mask requirement is still necessary. The announcement doesn’t mean that an appeal is certain, but it signals that one could be filed if the CDC decides later that the mandate should be revived.
While the mask ban was popular in the beginning, support has waned over time, according to public-opinion polls. As state and local mask rules were scrapped, and Americans grew accustomed to going bare-faced, the mandate for transportation drew fire from Republican politicians and several Senate Democrats who face tough re-election fights in November.
___
IS THE TIMING OF THIS RIGHT?
New reported U.S. cases of COVID-19 are relatively low compared with the past two years, but they have increased lately and are likely an undercount. Hospitalizations are nearly flat and deaths are still declining.
Dowdy, the Johns Hopkins epidemiologist, said it’s reasonable to consider removing the mask mandate on travel given the lull in severe disease.
“It would just be nice to do it when cases are falling rather than rising,” he said, “and for the decision to be made by people trained in public health rather than law and politics.”
___
WHAT IF COVID CASES INCREASE?
A new surge in cases might not be enough to revive the mask rule, but it could roil travel in other ways. U.S. airlines canceled thousands of flights in late December and early January, largely because so many employees were out sick with omicron.
“Imagine what would happen if a critical mass of Southwest Airlines pilots are sick and can’t fly this summer?” said Harteveldt, the travel analyst. “Whether it’s Southwest or any airline, it could be highly disruptive to summer travel.”
___
Medical Writer Carla K. Johnson in Washington state and Jessica Gresko and Zeke Miller in Washington, D.C., contributed to this report.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.whsv.com/2022/04/20/explainer-heres-what-happens-post-mask-world-travel/
| 2022-04-20T12:31:03Z
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Woman whose body was found in duffel bag was stabbed dozens of times, police say
Published: Apr. 20, 2022 at 7:17 AM EDT|Updated: 1 hour ago
NEW YORK (WCBS) - Disturbing new details have emerged about the slaying of a New York mother, who was found stuffed in a duffel bag.
Orsolya Gaal was stabbed more than 50 times. The mother of two was found in a duffel bag a few blocks from her home Saturday morning.
Sources said she was killed in her home by someone she knew.
Investigators are looking at Gaal’s relationships, including at least one possible past romantic partner.
There’s a $3,500 reward for information leading to an arrest.
Copyright 2022 WCBS via CNN Newsource. All rights reserved.
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https://www.whsv.com/2022/04/20/woman-whose-body-was-found-duffel-bag-was-stabbed-dozens-times-police-say/
| 2022-04-20T12:31:09Z
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ST. IGNACE, Mich., April 20, 2022 /PRNewswire/ -- Star Line Mackinac Island Hydro-Jet® Ferry, the most affordable longest running ferry service to Mackinac Island Michigan, announced their plans today to change its name to Mackinac Island Ferry Company and introduced a new logo for the new brand, which will be fully rolled out by the end of 2023. During this transition, the company will be referred to as Star Line Mackinac Island Ferry Company. The new name is designed to place all brand assets currently owned under the Mackinac Island Ferry Company umbrella of brands. Mackinac Island Ferry Company owns the Star Line Mackinac Island Hydro-Jet® Ferry branded fleet of ferries, the former Arnold Line Ferry fleet, and Mackinac Marine Services (MMS) shipyard. The company is best known for their high-speed hydro-jet rooster tail boats, family-friendly atmosphere, and most frequent number of trips to and from Mackinac Island and underneath the Mackinac Bridge. The announcement was made by CEO of Mackinac Island Ferry Company Jerry Fetty just as the company kicks off the official opening day of Mackinac Island, April 21, 2022, when island guests begin riding the ferries to and from Mackinac Island from Mackinac City and St. Ignace for the summer season. For the new transition logo click here; for ferry photos click here; for company history click here. Visit Star Line Mackinac Island Ferry Company at www.mackinacferry.com
"The new name is easily recognizable to our customers and, while our name will change, we continue to be committed to providing the same great service, enjoyable rides and on time arrivals and departures that our guests have become accustomed to," said Jerry Fetty, CEO of Mackinac Island Ferry Company. "This collection of Mackinac Island Ferry companies has been a prominent group of legacy Michigan brands since 1878. From a business perspective, the strategic name change is a result of their accumulation under one company, allowing us to leverage a single brand name."
The new Mackinac Island Ferry Company logo uses a font that harkens back to a simpler time, much like the feeling Mackinac Island visitors experience during their island excursions. As part of a natural transition of the brand name, the Star Line brand logo will continue to be used during this summer season and then will be phased out through 2023. Visitors will begin to see the new logo added onto the Star Line dock signage throughout summer 2022.
For years, Star Line Mackinac Island Ferry Company has been best known for their famous high-speed Hydro-Jet® rooster tail boats and is the largest ferry fleet in Michigan providing its customers the most options for ferry service. Mackinac Marine Services (MMS) is a shipyard with a capacity to lift a ship or boat up to 200 metric tons in or out of the water for maintenance, repairs, inspections (including commercial boats, luxury yacht maintenance and boat winterizing).
For more information on Star Line Mackinac Island Ferry Company, visit www.mackinacferry.com
About Star Line Mackinac Island Ferry Company
St. Ignace, Mich. based Mackinac Island Ferry Company and its acquired lines of ferries began serving Mackinac Island in 1878 and has since been ferrying families and islanders from Mackinaw City and St. Ignace to Mackinac Island. The company is best known for their high-speed hydro-jet rooster tail boats, family-friendly atmosphere, most frequent number of trips to and from Mackinac Island and underneath the Mackinac Bridge. In addition to five classic ferries, Mackinac Island Ferry Company ferry boats include the Mackinac Express catamaran, Marquette II, Radisson, Cadillac, Joliet, LaSalle, and Anna May and the pirate ship Good Fortune. Mackinac Marine Services is located in St. Ignace, Mich., and provides boatyard and services for commercial and recreational boat needs. Mackinac Marine Services currently has a 200 metric ton lift, winter and summer boat storage, fiberglass repair, fabricating and mechanical work, welding, power washing and shrink-wrapping services. Mackinac Marine Services is owned and operated by Star Line Mackinac Island Ferry Company.
CONTACT: Pat Baskin, CKC Agency
pat@ckcagency.com
M: 248-318-0095
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| 2022-04-20T12:31:15Z
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Health and wellness aspects become more important for many adults
READING, Penn., April 20, 2022 /PRNewswire/ -- After two years of gathering restrictions due to Covid-19, people are returning to public spaces with higher expectations. A new survey, conducted by Ambius, revealed that 93 percent of Americans want to see a greater investment in the health, hygiene and safety of indoor spaces. This includes workspaces, shops, restaurants, businesses and leisure spaces.
"The pandemic forced people to reevaluate what's truly important for their health and well-being," said Matt Hayas, Director of Product and Innovation at Ambius. "Whether it's establishing a better work-life balance, improving resources for mental and physical well-being, or creating indoor environments with cleaner air and natural elements, businesses can show their commitment to their employees and consumers by investing in their health."
Many health and wellness factors which were once appreciated, but rarely expected, are now deemed a necessity. These new perceptions and expectations of public spaces are reflected in the Ambius survey of 3,000 adults and may help businesses drive decisions on where to invest resources to create healthier indoor environments moving forward.
According to the study, 96 percent of respondents stated that one or more of the following has become more important since the pandemic:
- Life-health and work-life balance - 55%
- Mental and physical well-being - 53%
- Better air hygiene in everyday life - 47%
- Spaces designed with wellness in mind - 45%
- The presence of plants in indoor spaces - 36%
The value of green, clean and healthy spaces goes beyond improving mental and physical well-being, it can also have a competitive advantage for businesses. 73 percent of those surveyed stated they would happily or strongly consider paying a higher price for products or services in an environment with better air quality and health and safety measures.
Businesses can meet the needs and expectations of their employees and consumers with a layered approach, focusing on health, wellness, hygiene and cleanliness.
To read the entire Ambius study, visit ambius.com.
About Ambius
Ambius is the global leader in creating smarter, healthier spaces through air, hand and surface hygiene, plants and scenting services. With a layered approach, Ambius helps brands inspire confidence with every interaction and integrates hygiene, health and safety into the brand experience. The broad range of solutions includes indoor air purification, hand sanitizer, plants, green walls, scenting and holiday decor, which provides a superior experience to help protect people and enhance lives. Founded in 1963 and operating today in 16 countries, Ambius is a division of Rentokil North America.
For more information, visit Ambius at ambius.com and connect with Ambius on LinkedIn, Instagram or Facebook.
MEDIA CONTACT:
Hannah Bernhard
Hannah.Bernhard@Rentokil.com
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| 2022-04-20T12:31:22Z
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KARLSHAMN, Sweden , April 20, 2022 /PRNewswire/ -- AAK AB (publ.) has today released its Sustainability Report for 2021. The report demonstrates how sustainability is at the heart of the company's purpose, Making Better Happen™, and how it is embedded in all parts of the AAK value chain - Making Better Happen from plant to brand. It outlines ambitions, activities and progress within the three focus areas of the company's sustainability framework - Better Sourcing, Better Operations and Better Solutions.
"It is with great pleasure we share our continued strong sustainability progress, contributing to the transformation to a more sustainable food system", says Johan Westman, President and CEO, AAK Group. "We have made significant improvements, both within the sourcing of our raw materials and with regards to resource efficiency in our global operations. Furthermore, we have continued to create better solutions that are good for both people and planet."
Major sourcing achievements during 2021 include a 34 percent increase in verified deforestation-free palm, and a 16 percent increase in traceability to plantation. This means that 67 percent of AAK's total palm oil volumes are deforestation-free and 81 percent traceable to plantation.
Progress was also made within Kolo Nafaso, the company's shea sourcing program in West Africa. Under the program, AAK purchases shea kernels directly from women collectors and provides them with pre-financing, training and education in a range of areas, including sustainable practices. During the past four years, AAK has further scaled its positive impact on the women's livelihoods as the number of women enrolled in Kolo Nafaso has grown from 100,000 to 353,000.
In terms of AAK's environmental impact, the annual sourcing of renewable electricity increased by 50 percentage points compared to 2020, and waste intensity and water consumption per processed unit decreased by 18.6 and 20.9 percent, respectively.
To acknowledge the importance of respecting human rights across the entire supply chain, AAK has also risk assessed 100 percent of its raw materials' countries of origin and all of its production sites. This to identify the most salient human rights issues and subsequently create action plans.
"Another key step has been to continue our work on setting science-based targets, linked to our climate ambitions", says Anne Mette Olesen, Chief Strategy & Sustainability Officer. "This and all other efforts and achievements that we share in the report are results of a truly global and cross-functional team effort, which clearly demonstrates that we embed sustainability in all AAK regions and functions."
To access a digital version of the report, please visit www.aak.com. To obtain a printed copy, please contact comm@aak.com.
For more information, please contact:
Anne Mette Olesen
Chief Strategy & Sustainability Officer
Mobile: +46 708 39 93 14
E-mail: annemette.olesen@aak.com
The information was submitted for publication at 1:00 p.m. CET on April 20, 2022.
About AAK
Everything AAK does is about Making Better Happen™. We specialize in plant-based oils that are the value-adding ingredients in many of the products people love to consume. We make these products better tasting, healthier, and more sustainable. At the heart of AAK's offer is Customer Co-Development, combining our desire to understand what better means for each customer, with the unique flexibility of our production assets, and a deep knowledge of many products and industries, including Chocolate & Confectionery, Bakery, Dairy, Plant-based Foods, Special Nutrition, Foodservice and Personal Care. Our 4,000 employees support our close collaboration with customers through 25 regional sales offices, 15 dedicated Customer Innovation Centers, and with the support of more than 20 production facilities. Listed on Nasdaq Stockholm and with our headquarters in Malmö, Sweden, AAK has been Making Better Happen for more than 150 years.
This information was brought to you by Cision http://news.cision.com
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| 2022-04-20T12:31:28Z
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Abbott Reports First-Quarter 2022 Results
Published: Apr. 20, 2022 at 7:30 AM EDT|Updated: 1 hour ago
- Sales growth of 13.8 percent; organic sales growth of 17.5 percent
- Global COVID-19 testing-related sales of $3.3 billion in the first quarter
- Excluding COVID-19 testing-related sales, first-quarter reported sales growth of 3.9 percent and organic sales growth of 7.7 percent
- GAAP diluted EPS growth of 37.0 percent; adjusted diluted EPS growth of 31.1 percent
- Continues to strengthen portfolio with new product approvals and expanded reimbursement coverage
ABBOTT PARK, Ill., April 20, 2022 /PRNewswire/ -- Abbott (NYSE: ABT) today announced financial results for the first quarter ended March 31, 2022.
- First-quarter sales of $11.9 billion increased 13.8 percent on a reported basis and 17.5 percent on an organic basis, which excludes the impact of foreign exchange.
- First-quarter GAAP diluted EPS1 was $1.37 and adjusted diluted EPS, which excludes specified items, was $1.73.
- Global COVID-19 testing-related sales were $3.3 billion in the first quarter.
- Abbott projects full-year 2022 diluted EPS on a GAAP basis of at least $3.35 and projected adjusted diluted EPS of at least $4.70 remains unchanged.
- 2022 guidance includes projected COVID-19 testing-related sales of approximately $4.5 billion, which Abbott expects to largely occur in the first half of the year and will update on a quarterly basis.
- In February, Abbott initiated a voluntary recall of certain infant formula products manufactured at one of its U.S. facilities. Abbott is working closely with the U.S. Food and Drug Administration (FDA) and has begun implementing corrective actions and enhancements to the facility.
- In February, Abbott received FDA approval for an expanded indication for its CardioMEMS™ HF system, a small implantable sensor and remote monitoring system that can detect early warning signs of worsening heart failure.
- In March, Abbott announced its FreeStyle Libre® system is the first and only continuous glucose monitoring (CGM) system to gain expanded reimbursement in Japan to now include all people with diabetes who use insulin.
- In April, Abbott announced FDA approval for its Aveir™ single-chamber leadless pacemaker for the treatment of patients in the U.S. with slow heart rhythms. Unlike traditional pacemakers, leadless pacemakers do not require an incision in the chest to implant or leads (wires) to deliver therapy.
"Our diversified business continues to perform well in a challenging environment," said Robert B. Ford, chairman and chief executive officer, Abbott. "We're particularly pleased with the strong performance we're achieving in Medical Devices and Established Pharmaceuticals."
FIRST-QUARTER BUSINESS OVERVIEW
Note: Management believes that measuring sales growth rates on an organic basis is an appropriate way for investors to best understand the underlying performance of the business. Organic sales growth excludes the impact of foreign exchange.
Following are sales by business segment and commentary for the first quarter 2022:
First-quarter 2022 worldwide sales of $11.9 billion increased 13.8 percent on a reported basis and 17.5 percent on an organic basis.
Worldwide sales, excluding COVID-19 testing-related sales, increased 3.9 percent on a reported basis and 7.7 percent on an organic basis in the quarter.2
Worldwide Nutrition sales decreased 7.0 percent on a reported basis and 4.4 percent on an organic basis in the first quarter. During the quarter, sales were negatively impacted by a voluntary recall of certain powder formulas manufactured at one of Abbott's U.S. plants. Excluding the U.S. sales associated with these products in the current and prior years, worldwide Nutrition sales increased 5.0 percent on a reported basis and 8.0 percent on an organic basis in the first quarter.3
In Adult Nutrition, strong performance of Ensure®, Abbott's market-leading complete and balanced nutrition brand, and Glucerna®, Abbott's market-leading diabetes nutrition brand, led to global sales growth of 8.0 percent on a reported basis and 11.5 percent on an organic basis.
Worldwide Pediatric Nutrition sales decreased 20.6 percent on a reported basis and 18.8 percent on an organic basis. Internationally, Pediatric Nutrition sales were unfavorably impacted primarily by challenging market conditions in China.
Worldwide Diagnostics sales increased 31.7 percent on a reported basis and 35.1 percent on an organic basis in the first quarter. Global COVID-19 testing-related sales were $3.3 billion in the quarter, led by sales of rapid testing products.
Sales in Core Laboratory and Molecular Diagnostics were impacted by year-over-year declines in COVID-19 testing-related sales in these businesses. Excluding COVID-19 testing-related sales, Core Laboratory Diagnostics sales and Molecular Diagnostics sales increased 2.4 percent and 24.8 percent, respectively, on a reported basis in the first quarter and 6.6 percent and 29.0 percent, respectively, on an organic basis.4
Established Pharmaceuticals sales increased 7.1 percent on a reported basis in the first quarter and increased 13.4 percent on an organic basis.
Key Emerging Markets include several emerging countries that represent the most attractive long-term growth opportunities for Abbott's branded generics product portfolio. Sales in these geographies increased 9.8 percent on a reported basis in the quarter and increased 17.1 percent on an organic basis, led by double-digit growth on a reported and organic basis in several geographies and therapeutic areas, including gastroenterology, respiratory and central nervous system/pain management.
Other sales decreased 1.7 percent on a reported basis and increased 1.2 percent on an organic basis in the quarter.
Worldwide Medical Devices sales increased 7.4 percent on a reported basis and 11.5 percent on an organic basis in the first quarter. Strong growth in the quarter was driven by double-digit organic growth in Electrophysiology, Heart Failure, Structural Heart and Diabetes Care.
In Diabetes Care, FreeStyle Libre sales were approximately $1.0 billion in the quarter, which represents sales growth of 20.4 percent on a reported basis and 26.2 percent on an organic basis.
ABBOTT'S EARNINGS-PER-SHARE GUIDANCE
Abbott projects full-year 2022 diluted earnings per share under GAAP of at least $3.35. Abbott forecasts specified items for the full-year 2022 of $1.35 per share primarily related to intangible amortization, costs related to a voluntary recall, expenses associated with acquisitions, restructurings and cost reduction initiatives and other net expenses. Excluding specified items, projected adjusted diluted earnings per share of at least $4.70 remains unchanged for the full-year 2022.
ABBOTT DECLARES 393RD CONSECUTIVE QUARTERLY DIVIDEND
On Feb. 18, 2022, the board of directors of Abbott declared the company's quarterly dividend of $0.47 per share. Abbott's cash dividend is payable May 16, 2022 to shareholders of record at the close of business on April 15, 2022.
Abbott has increased its dividend payout for 50 consecutive years and is a member of the S&P 500 Dividend Aristocrats Index, which tracks companies that have annually increased their dividend for at least 25 consecutive years.
Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 113,000 colleagues serve people in more than 160 countries.
Connect with us at www.abbott.com, on LinkedIn at www.linkedin.com/company/abbott-/, on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews.
Abbott will live-webcast its first-quarter earnings conference call through its Investor Relations website at www.abbottinvestor.com at 8 a.m. Central time today. An archived edition of the webcast will be available later that day.
— Private Securities Litigation Reform Act of 1995 —
A Caution Concerning Forward-Looking Statements
Some statements in this news release may be forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. Abbott cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. Economic, competitive, governmental, technological and other factors that may affect Abbott's operations are discussed in Item 1A, "Risk Factors" in our Annual Report on Form 10-K for the year ended Dec. 31, 2021, and are incorporated herein by reference. Abbott undertakes no obligation to release publicly any revisions to forward-looking statements as a result of subsequent events or developments, except as required by law.
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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.
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| 2022-04-20T12:31:35Z
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BRISTOL, Tenn., April 20, 2022 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, plans to announce its first quarter 2022 financial results before the market opens on Thursday, May 5, 2022.
The company also expects to hold a conference call to discuss its first quarter 2022 results at 10:00 a.m. Eastern time on May 5. Participating on the call will be Alpha's chair and chief executive officer, David Stetson; president and chief financial officer, Andy Eidson; executive vice president and chief operating officer, Jason Whitehead; and executive vice president and chief commercial officer, Dan Horn.
The conference call will be available live on the investor section of the company's website at https://investors.alphametresources.com/investors. Analysts who would like to participate in the conference call should dial 844-200-6205 (domestic toll-free) or 929-526-1599 (international) approximately 15 minutes prior to start time. Please use the access code 475225 to join the call.
About Alpha Metallurgical Resources
Alpha Metallurgical Resources (NYSE: AMR) is a Tennessee-based mining company with operations across Virginia and West Virginia. With customers across the globe, high-quality reserves and significant port capacity, Alpha reliably supplies metallurgical products to the steel industry. For more information, visit www.AlphaMetResources.com.
Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements are based on Alpha's expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Alpha's control. Forward-looking statements in this press release or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Alpha to predict these events or how they may affect Alpha. Except as required by law, Alpha has no duty to, and does not intend to, update or revise the forward-looking statements in this press release or elsewhere after the date this release is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this press release may not occur.
Investor Contact:
Alex Rotonen
InvestorRelations@AlphaMetResources.com
(423) 956-6882
Media Contact:
Emily O'Quinn
CorporateCommunications@AlphaMetResoures.com
(423) 573-0369
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| 2022-04-20T12:31:41Z
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JOHNSTOWN, Pa., April 20, 2022 /PRNewswire/ -- AmeriServ Financial, Inc. (the "Company") (NASDAQ: ASRV), will hold the Company's 2022 Annual Meeting of Shareholders virtually via webcast.
Although shareholders will not be able to attend the annual meeting in person, virtual attendance capabilities will provide shareholders the ability to participate and ask questions during the meeting. Additionally, the Company's shareholders will be deemed "present" if they access the annual meeting through the virtual platform and they will be able to vote their shares at the annual meeting, or revoke or change a previously submitted vote, through the virtual platform.
The virtual meeting will be held on Tuesday, April 26, 2022 at 1:30 p.m. As described in the proxy materials for the annual meeting, the Company's shareholders are entitled to participate in the annual meeting if they were a shareholder of record as of the close of business on February 11, 2022, which is the record date for the annual meeting.
Shareholders will be able to attend the meeting online, vote their shares electronically, and submit their questions during the meeting by visiting https://www.virtualshareholdermeeting.com/ASRV2022.
The Company urges shareholders to consider voting and submitting proxies in advance of the annual meeting using one of the available methods described in the proxy materials previously provided to the Company's shareholders.
Pertinent User Information:
What: 2022 Annual Meeting of Shareholders
When: 1:30 p.m. ET, Tuesday, April 26, 2022
Where: https://www.virtualshareholdermeeting.com/ASRV2022.
Participants are asked to register for the webcast approximately 10 to 15 minutes prior to the beginning of the meeting. The replay of the meeting will be available at the same site 24 hours after the meeting has concluded.
About AmeriServ Financial, Inc.
AmeriServ Financial, Inc. is the parent of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company in Johnstown, Pennsylvania. The Company's subsidiaries provide full-service banking and wealth management services through 18 community offices in southwestern Pennsylvania and Hagerstown, Maryland. The Company also operates loan production offices in Altoona and Monroeville, Pennsylvania. At March 31, 2022, AmeriServ had total assets of $1.3 billion and a book value of $6.65 per common share. For more information, visit www.ameriserv.com.
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https://www.whsv.com/prnewswire/2022/04/20/ameriserv-financial-inc-hold-virtual-annual-shareholders-meeting/
| 2022-04-20T12:31:49Z
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DETROIT, April 20, 2022 /PRNewswire/ -- Amesite Inc. (NASDAQ: AMST), a leading artificial intelligence software company offering a cloud-based learning platform and content creation services for business, university, non-profit, and government agency learning and upskilling, announces today it is extending its partnership with Wayne State University, the third largest university in Michigan, for 3 years.
This continued partnership will deliver professional certificate programs on Warrior TechSource – Wayne State University's proprietary Learning Community Environment™ – powered by Amesite. Their professional certificates focus on the automotive and related technologies. WSU's strengths in professional automotive learning are an important economic force, supporting an industry that provides $304 billion to Michigan's economy annually, with 1.1 million automotive or mobility jobs that represent 20% of Michigan's employment, according to the Detroit Chamber of Commerce.
The automotive industry is transforming faster than at any time in history and driving the need for professional upskilling. Deloitte has reported a global EV forecast for a compound annual growth rate of 29 percent, with EVs securing approximately 32 percent of the total market share for new car sales by 2030.
Said Dr. Farshad Fotouhi, Dean of Engineering at Wayne State University: "We believe our professional offerings in the automotive and manufacturing sectors are absolutely essential to helping professionals advance their industries and advance their careers. Our first three years working with Amesite have enabled us to offer over 15 upskilling certificates, including Artificial Intelligence, Blockchain, Autonomous Vehicles, and Data Science. The results have been extraordinary, with over 98% retention across all programs, and high user reviews. This partnership with Amesite has dramatically accelerated our professional learning strategy, and provided outstanding opportunities for our alumni, our regional industries, and beyond."
Said Dr. Ann Marie Sastry, CEO of Amesite: "Wayne State University's College of Engineering is a critical force in delivering essential professional learning into the heart of the automotive industry. Their drive and ambition have made them an outstanding partner to us, and we are thrilled to be able to help them deliver to an audience that will surely grow. This multi-year renewal represents our joint commitment to scale these offerings, to get them to professionals who need them, as their industries transform. Our work over the last two years to increase speed and scalability as a Microsoft Partner has enabled us to create learning ecosystems like Warrior TechSource, that enjoy 24h launches, fast delivery speeds, and outstanding user experiences."
About Amesite Inc.
Amesite is an ed-tech, SaaS company with the most advanced artificial intelligence driven online learning platform in the industry, providing both content creation and a best-in-class infrastructure for the multi-billion-dollar online learning markets in business and education. For more information, visit https://amesite.com.
About the Wayne State University College of Engineering
Founded in 1933, the Wayne State University College of Engineering improves quality of life through engineering and computer science education, research innovation and entrepreneurship. The 3,300-member student body benefits from a robust academic system with more than 50 degree and certificate programs, as well as a diverse and inclusive environment nestled in the college's vibrant urban setting of Midtown Detroit, down the street from a host of industry partners. A network of 30,000 alumni are changing the world in 48 countries and all 50 states. For more information, visit engineering.wayne.edu.
Forward Looking Statements
This communication contains forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended) concerning the Company, the Company's planned online machine learning platform, the Company's business plans, any future commercialization of the Company's online learning solutions, potential customers, business objectives and other matters. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "may," "will," "should," "would," "expect," "plan," "believe," "intend," "look forward," and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement. Risks facing the Company and its planned platform are set forth in the Company's filings with the SEC. Except as required by applicable law, the Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Relations Contact:
CORE IR
info@amesite.com
516-222-2560
Media Contact:
Jules Abraham
Julesa@COREIR.com
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| 2022-04-20T12:31:56Z
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DTEN's latest innovation provides a shared digital canvas designed to optimize team inclusion across the hybrid workplace.
SAN JOSE, Calif., April 20, 2022 /PRNewswire/ -- DTEN introduces DTEN ONboard, an interactive, touch-enabled device created to elevate collaboration in the hybrid workplace. DTEN ONboard allows equal access to its digital display for both in-office and remote users, promoting greater participation and optimizing inclusion. With its shared, persistent canvas, DTEN ONboard also inspires engagement before, during, and after a meeting.
"Collaboration isn't a single meeting, it's a collective, creative, and inclusive process. DTEN ONboard provides the interactive hub that enables the entire team to participate equally, to continuously build on ideas, and share progress," says Rick Corteville, CMO at DTEN.
DTEN ONBoard was developed in conjunction with Zoom as the first device natively supporting the newly released Zoom Advanced Whiteboard features. Designed to function as its own standalone appliance or as a companion whiteboard to any existing Zoom Rooms, ONboard features a 4K 55-inch display with 10-point capacitive touch screen. As with all DTEN products, it is simple to set-up, convenient to manage and intuitive to use. Callout capabilities include:
- Dynamic Engagement. DTEN ONboard serves as the focal point to brainstorm, diagram, and visualize concepts in the office —and is equally inclusive when remote team members join in.
- Advanced Touch. At the board or from a remote device, with a finger or stylus, the entire team can engage and participate in real-time.
- Persistent Hub. Keep going after the meeting ends, using DTEN ONboard to expand on ideas and add new content, together or asynchronously.
- Extendable Canvas. Pinch and zoom to keep expanding collaborations vertically and horizontally, all with seamless navigation.
- Easy Sharing. Collaborations can easily be sent via chat or by email to team members and shared with others as an invitation to join the project.
- Visualization Tools. Sticky notes, shapes and connectors, drop and drag images: all tools available to facilitate your collaborations.
"Many meeting rooms are equipped with legacy video conference hardware lacking touch capabilities," shares Corteville. "The addition of DTEN ONboard immediately adds fully interactive collaboration without minimizing video frames on the existing display."
DTEN ONboard also meets other hybrid office needs. It is readily compatible with Zoom's Workspace Reservation features, serving as an interactive map of available workstations and meeting rooms. The DTEN ONboard can also utilize Zoom Rooms Digital Signage to share informative multimedia content. Plus, it serves as an advanced presentation tool, offering a dynamic way to make a sales pitch, introduce a new product, or hold a company-wide meeting.
Corteville notes the new DTEN device is already winning industry accolades, "In pre-release, DTEN ONboard has been recognized with the Best Innovation for Meeting Rooms Award at the recent 2022 Enterprise Connect Conference."
DTEN ONboard is expected to begin shipping this summer with versions available for both Android and Windows operating systems. For more information, visit https://www2.dten.com/onboard-notify.
DTEN is changing the way people connect and collaborate through immersive, video-first devices and subscription services. Our solutions are found in businesses, schools, homes, and hybrid environments worldwide, delivering intuitive, high-quality, and real-life video conference experiences for every meeting space. As recipient of multiple international awards, DTEN is recognized for plug-and-play simplicity, superior audiovisual clarity, and fluent, elegant designs. DTEN was founded in 2015 and headquartered in San Jose, California; Zoom Video Communications, Inc. is an investor. Find more at www.DTEN.com.
For more information, please contact smckenzie@tropospheremarketing.com or pr@dten.com.
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https://www.whsv.com/prnewswire/2022/04/20/announcing-dten-onboard-inclusive-collaboration-device-purpose-built-new-zoom-advanced-whiteboard/
| 2022-04-20T12:32:03Z
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Arcanna.ai scales SOC teams' expertise to reduce risk, increase capacity and retain institutional knowledge
NEW YORK, April 20, 2022 /PRNewswire/ -- Arcanna.ai today announced general availability of its AI-Assisted Cybersecurity platform that captures and merges institutional expert knowledge with organizational context for generating specific, unique AI models to scale security operations. The platform gives security teams extra help defending their organization with a no-code approach that enables workflow automation, including analyst decision making, while democratizing the use of deep learning and natural language processing (NLP) in cybersecurity.
The volume and complexity of cyberattacks is outpacing what human analysts can manage and the cybersecurity skills gap persists – with an estimated 65% shortage of skilled professionals, according to (ISC)². Cybersecurity teams are overburdened with threats and can't keep up; they're burning out and many businesses are struggling to keep pace with the ever-changing landscape of security threats.
Arcanna.ai augments the security analyst team with an AI-Assisted Cybersecurity solution that leverages the judgment of security experts. The platform provides scalable AI models that assist with SecOps processes through deep learning and NLP, without having to write a line of code. Designed for cybersecurity teams at enterprises, managed service providers (MSPs) and managed security service providers (MSSPs), the Arcanna.ai platform provides:
- Scalable capacity to handle threats: Arcanna.ai leverages collective knowledge to create scalable AI models to assist decision-making.
- Expert knowledge retention through AI: Arcanna.ai assimilates the institutional knowledge of cybersecurity teams along with organizational distinctiveness to create custom models without ever having to write a line of code.
- Improvement of efficiency and acceleration through automation: Arcanna.ai automates and simplifies post-decision actions such as creating tickets, notifications or triggering SOAR playbooks.
- Reduction of risk generated by alert fatigue and burnout: By streamlining alert handling, Arcanna.ai ensures incidents are escalated properly and scales analysts' capacity to handle and address threats.
Petricia Ruta, CEO, Arcanna.ai, said: "Currently, only the top 1% of businesses can afford the infrastructure and number of people needed to keep their organizations safe, largely due to cybersecurity talent being spread too thin. Arcanna.ai brings decision intelligence to SecOps, by addressing decades of industry challenges around the human capacity to deal with the amount of security threats. We're enhancing human ability with AI decision assistance by taking automation to the next level to protect businesses of all sizes."
About Arcanna.AI
Arcanna.ai is an AI-Assisted Cybersecurity platform designed to improve efficiency in security operations by augmenting and scaling SOC analyst capacity. Arcanna.ai combines human and AI efforts, performing as a scalable and easy-to-use driver's-assist cybersecurity platform, reducing risk and accelerating automation in SecOps. Follow Arcanna.ai on Twitter and LinkedIn. Visit Arcanna.ai. and check out our blog for industry news and insights.
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https://www.whsv.com/prnewswire/2022/04/20/arcannaai-introduces-ai-assisted-cybersecurity-platform-global-market/
| 2022-04-20T12:32:10Z
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Collaboration to Ensure AUDACIOUS does Social Equity Right
LAS VEGAS, April 20, 2022 /PRNewswire/ - Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) ("AUSA", "AUDACIOUS", or the "Company"), is proud to announce today that the Company has entered into a collaboration with the Black Institute Group ("B.I.G."). Under the collaboration, The Black Institute Group and AUDACIOUS will work on a number of social equity related initiatives, initially in New York State and potentially elsewhere later on.
The Black Institute Group is a minority owned company. The company has one very clear perspective and point of view and that is from the point of view of black people and people of color throughout the U.S. and diaspora. The company has two goals: firstly, to actually inform public policy and debate, making sure that people of color and black people in this country are counted in their own data, research and polling, rather than being a tab in someone else's poll. Secondly, the Black Institute Group trains and educates people of color. The company's strategies focus on training, polling, marketing and planning, as well as cultural competency.
The Black Institute Group is led by Bertha Lewis, the iconic civil rights leader who during her career has initiated and led many initiatives that have led to the betterment of people's lives. For the past 10 years, Ms. Lewis has also been a major advocate and activist in the cannabis space, with a clear focus on righting the wrongs related to people in the black community whose lives were derailed through non-violent cannabis related convictions.
Bertha Lewis has worked tirelessly as an activist and community organizer for over 35 years. She is the former CEO and Chief Organizer of ACORN, an influential national organization that mobilized urban communities at the grassroots level, fighting for their needs for over 40 years. Bertha has fought for immigrant rights by advocating at the city, state, and federal levels. She's been an integral part of the low-wage worker's campaign to guarantee higher pay, paid sick days, and family leave. Lewis has also worked with developers to create a landmark community benefits agreement to secure affordable housing, living wages, local hiring, and training programs for the community. Most recently, Lewis has led the charge in advocating for Minority & Women-Owned Business Enterprises (M/WBEs).
Furthermore, she has led or been involved with numerous coalitions in the last twelve years advocating for policy reforms at the local, state, and federal levels, including immigrant voting, marijuana legalization, and environmental justice. In 2020, Lewis publicly raised the alarm about disproportionately high levels of toxic chemicals in minority neighborhoods. Lewis has been a guest on national TV and radio shows, including The Colbert Report, Rev. Al Sharpton's National Action Network show, MSNBC, NBC, Fox News, and CNN for her effective community leadership. Bertha Lewis received many accolades, including Essence Magazine's 2011 list of "28 Most Influential Black Women," Crain's New York's 100 Most Powerful Women in New York, New York Magazine's "Most Influential in Politics," The New York Observer's "Political Power 80." Most recently, Lewis was listed on City & State Black Power 100 and recognized as a Cannabis Industry Power Player.
B.I.G. will advise on strategic approaches on the regulatory guidelines that have been outlined by the New York State Legislature and review the Office of Cannabis Management (OCM) Control Board (CCB) revised regulations as they relate to the needs of AUDACIOUS.
The collaboration is focused on connecting social equity applicants with AUDACIOUS and for AUDACIOUS to engage with social equity licensees to optimize these groups' and individuals' ability to participate in the cannabis industry. The collaboration will be multi-faceted, and will include outreach to municipalities, community groups, politicians, media and other groups, as well as promoting AUDACIOUS and its social equity mission.
Terry Booth, CEO, commented, "We are very proud to be working with the Black Institute Group and its iconic leader, Bertha Lewis, on the further rollout of our social equity program in New York State. Their track record in the community needs little description, and we are very pleased that with their guidance, we will be able to do the right thing the right way. Finally, I would like to wish everyone a great 420, celebrating the incredible advancements we have made in the cannabis community."
Bertha Lewis added, "While a growing number of licenses has been awarded to social equity applicants across the country, the next step for many of these people and groups is less clear. For instance, securing project finance while the applicant has a prior conviction is close to impossible. This is where AUDACIOUS comes in, whose people have a track record of advocacy, inclusion and operational excellence. We are pleased to be working with AUDACIOUS in helping to ensure that social equity groups can enter the industry on a level playing field with the competition and execute and operate to the best of their abilities, not being hampered by artificial constraints they are faced with due to their background or the colour of their skin."
Leah Bailey, Chief Business Development Officer at AUSA, commented, "Partnering with licensees or license applicants through social equity is the right thing to do, as well as gives us a head start and other advantages in certain markets. Conversely, while regulations in states such as New York - who clearly did their homework and are doing things right by taking a measured approach while leaning on learnings from other states where regulations have been sub-optimal, both in terms of industry operations and in terms of social equity – facilitate social equity applications. We will leverage our expertise, operational excellence and ownership of ALPS to ensure that our current and future partners will be the leaders in this and other states. Social Equity is one of the most meaningful developments in this industry, and we want to contribute to making sure people are able to participate fully."
Since 2010, The Black Institute Group has shaped intellectual discourse and impacted public policy from the perspective of Black people in America and people of color throughout the diaspora by using forward-thinking strategies to achieve racial equity. B.I.G. is a Black-led company that is focused on strategies, policies, legislation and education that impact the concerns of people of color.
AUDACIOUS is a next-generation MSO growing the cannabis industry of tomorrow from the ground up, led by industry pioneer Terry Booth and an accomplished management team with proven industry track records. With operations that range from providing industry-leading sustainable cultivation design and optimization to retail storefronts, growing flower in-house, and manufacturing award-winning brands, AUDACIOUS has products and solutions for everyone. Quickly expanding through innovative partnerships and collaborations, AUDACIOUS is forging the inclusive cannabis community of tomorrow, today. Learn more about AUDACIOUS here.
AUDACIOUS common shares trade on the CSE under the symbol "AUSA" and on the OTCQB under the symbol "AUSAF."
Happy 420 to all!!
Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute "forward-looking information" within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such 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 and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except as required by applicable securities laws.
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https://www.whsv.com/prnewswire/2022/04/20/audacious-collaborates-with-black-institute-group/
| 2022-04-20T12:32:16Z
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LOS ANGELES, April 20, 2022 /PRNewswire/ -- Audio Up is joining the metaverse. The award-winning audio entertainment brand has announced a first-of-its-kind partnership with next-gen gaming metaverse Star Atlas. Later this year, Audio Up will unlock an original, scripted, sci-fi adventure podcast that will bring the Star Atlas metaverse and galactic marketplace to an audio storytelling format.
The eight-episode series, entitled Moon Station Six, is set inside an experimental prison in the far reaches of the Star Atlas universe and features both character and lore from the game as the basis for the series' narrative. Described as HBO's Oz meets 2001: A Space Odyssey, the series follows an android bounty hunter wrongfully convicted of a murder he did not commit. Created by Audio Up Chief Creative Officer Jimmy Jellinek, Moon Station Six will feature an original soundtrack along with NFT drops unlocking special features within the story, original music, and art.
"We're excited to partner with the great storytellers over at Audio Up to enhance and give voice to the lore of the Star Atlas Universe," said Michael Wagner, Co-Founder of Star Atlas and CEO of ATMTA, Inc. "We have an ambitious plan for our metaverse, and we look forward to working closely with one of the best podcast production studios to begin telling our rich and compelling story through this medium."
Star Atlas is a next-gen metaverse that looks to take the best of blockchain technology and real-time graphics technology to build a gaming experience built to last millennia. As a grand strategy game centered around space exploration, Star Atlas will feature territorial conquest, political domination, a robust in-game economy with player-owned assets and the ability to earn real-world financial rewards – and plenty more. Since last year, the company has brought many unique NFT products to market, including playable ships, that have allowed Star Atlas to generate over $175 million in revenue. There are several major game releases scheduled for 2022, including a web-based mini-game and a full production release known as the Volant Studio Showroom, which will be presented using Unreal Engine 5's Nanite – providing cinematic quality video game visuals.
"Building inside the Star Atlas metaverse is truly a unique opportunity for the world of audio storytelling and Audio Up," said Audio Up founder and CEO Jared Gutstadt. "Collectively, we've already crafted groundbreaking musical activations; their most recent NFT offerings utilized our ability to write and produce music with top tier talent and our next phase will be adding a layer of fiction and world building. Contemplating the world of metaverse storytelling and immersive audio is a challenge that we are excited to dive into."
Since its April 2020 launch, Audio Up has worked to seamlessly blend the IP of the future with podcasts, audio books, and songs in a strategy that has the fast-rising company on a trajectory to completely transform the podcast & audio media space in 2022. Attracting top tier talent across all aspects of the entertainment business from platinum hit makers like 24kGoldn and Machine Gun Kelly, to top television personalities Anthony Anderson, Jason Alexander, and Academy Award winning producer Michael Sugar, Audio Up has become a go to destination for A-List talent to create daring and visionary new work. In less than two years, the company has become one of the fastest growing movers across all media, and the golden age of audio has allowed them to move nimbly and successfully during one of the most challenging times in recent memory due to Covid-19. Nevertheless, CEO Jared Gutstadt and his veteran team were able to persevere and thrive under the intense pressure to build a business that is now thriving. Over the course of the last two years, Audio Up has impressively secured an array of partnerships and strategic alliances with satellite radio giant Sirius XM Satellite Radio, music, film, and television management giant Range Media Partners, MGM Studios, Primary Wave, and Warner Records among many others.
Pablo Quiroga, Co-Founder of Star Atlas and Chief Revenue Officer of ATMTA, Inc., concluded, "After working with Jared and his team on this unique podcast experience over the last few months, I feel we've discovered a future where web3 content creation will become multimedia experience and an integral part of the industry. Our vision of Star Atlas has always been one where users experience content in a variety of ways, from our upcoming 3D Ship Showroom to our web-based browser experience. We lead the industry in this category, and this is just the beginning with Audio Up."
ABOUT AUDIO UP
Audio Up is a podcast content production studio, housing a world of infinite, audio-based properties. Headed by Audio Up CEO and Adweek's 2020 Podcast Innovator of the Year and Podcast Producer of the Year recipient, Jared Gutstadt (formerly of the Jingle Punks), Audio Up is building an ecosystem of premium entertainment content within the music and audio space. Their fictional scripted podcasts include a Marvel-like universe of musicals, where the records themselves become the story foundation. With these groundbreaking properties, Audio Up's goal is to create a new and innovative form of IP, and bring audio blockbusters to life. Current scripted properties include the 2021 Webby nominee Make It Up As We Go with Scarlett Burke, Miranda Lambert, Lindsay Ell, and other huge country entertainment; recent Webby honoree for Best Limited Entertainment Series Podcast Halloween in Hell with Machine Gun Kelly, 24kGoldn, and iann dior; and Strawberry Spring, the first ever adaptation of the classic short story by Stephen King, which was the number one trending podcast globally upon release, starring Garrett Hedlund and Milo Ventimiglia. Other current podcast properties include the riveting top 20 crime podcast Where The Bodies Are Buried, Michael Cohen's new chart-topping podcast Mea Culpa, and recent Webby honoree in Podcasts: Interview/Talk Show, Going to Bed with Garcelle with Garcelle Beauvais.
ABOUT STAR ATLAS
Star Atlas is a next-gen gaming metaverse emerging from the confluence of state of the art blockchain, real-time graphics, multiplayer video game, and decentralized financial technologies. Real-time graphics technology using Unreal Engine 5's Nanite allows for cinematic quality video game visuals. Blockchain technology using the Solana protocol establishes a largely serverless and secured gameplay experience. Non-fungible tokens obtained and traded within Star Atlas creates an economy that replicates the tangibility of real world assets and ownership.
To learn more, visit StarAtlas.com, join a faction at Play.StarAtlas.com and send your spaceships to the stars.
For all media inquiries about Audio Up & Star Atlas, please contact:
42 West (for Audio Up)
Greg Cortez
Greg.Cortez@42West.Net
M Group Strategic Communications (for Star Atlas)
Kevin McGrath
staratlas@mgroupsc.com
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https://www.whsv.com/prnewswire/2022/04/20/audio-up-teams-up-with-gaming-metaverse-pioneer-star-atlas-create-sci-adventure-podcast/
| 2022-04-20T12:32:24Z
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- AWH Completes Roll-Up Transaction of Remaining Outstanding Interests of Story of PA CR, LLC -
- Story Permitted to Open One Cultivation Facility and Six Dispensaries in Pennsylvania -
NEW YORK, April 20, 2022 /PRNewswire/ - Ascend Wellness Holdings, Inc. ("AWH" or the "Company") (CSE: AAWH.U) (OTCQX: AAWH), a multi-state, vertically integrated operator, announced that it completed an equity transaction to roll up all of the other existing members (the "Roll-up") of Story of PA CR, LLC ("Story"). Story received a Clinical Registrant permit ("Permit") from the Pennsylvania Department of Health on March 1, and Story will remain the Permit holder and operator of the Permit. No assets will be transferred as a result of the Roll-up. Story will, through a research collaboration agreement with the Geisinger Commonwealth School of Medicine ("Geisinger"), a Pennsylvania Department of Health-Certified Medical Marijuana Academic Clinical Research Center, open a cultivation and processing facility and up to six medical dispensaries throughout the Commonwealth of Pennsylvania while contributing to groundbreaking clinical research to benefit the patients of Pennsylvania.
The Roll-up will enable Story, with AWH's financial support, to fund the acquisition and buildout of a 100,000 square foot newly constructed grower and processor facility, fund industry-leading preclinical, clinical, and translational marijuana-related research led and conducted by Geisinger, and open six dispensaries to expand points of access in populous but underserved areas of Pennsylvania.
"We are pleased to expand into Pennsylvania through our investment in Story and help Story introduce an elevated retail experience and best-in-class products to a market of 13 million people," said Abner Kurtin, Founder, and CEO of AWH. "Story's clinical registrant operations will bring the AWH family of companies and our products into our sixth state in the Northeast and Midwest region and represents another step toward AWH being one of the top MSOs serving this part of the country exclusively. In addition to its growing medical market and first-in-the-nation comprehensive clinical research program, that with Geisinger's participation, has now expanded to every medical school in the Commonwealth, a Pennsylvania Senate committee recently concluded three hearings regarding the legalization of adult-use marijuana, indicating the potential for a future adult-use market as well. This transaction, once again, reinforces our investment in and commitment to an attractive, growing market ahead of potential regulatory events, positioning AWH for long-term growth. AWH is looking forward to an unprecedented level of corporate social responsibility and contribution to advancing marijuana research, and proving once again that we can do well by doing good."
Upon the closing of the Roll-up, completed by way of agreement and plan of merger among AWH, AWH Pennsylvania, LLC, Ascend PA Merger Sub, LLC, Story and the members and AWH's partners in Story since 2021, AWH acquired all of the remaining outstanding equity interests of Story of PA CR for total consideration of approximately $55 million, consisting of approximately $10.2 million in cash and 12.9 million shares of AWH Class A common stock. There will be no earnout payments to the non-AWH members as part of the Roll-up. AWH Pennsylvania, LLC, a wholly-owned subsidiary of AWH, has been a minority member in Story since 2021. The surviving entity, Story, will continue to conduct operations consistent with its application and the Permit and will continue to be operated by the same leadership team following the Roll-up, but as an AWH subsidiary.
- Pennsylvania is the fifth-largest state in the U.S. with a population of approximately 12.9 million residents. The medical marijuana program was enacted in 2016, and the market currently consists of only 155 operating dispensaries1 and only 25 operating cultivators.2
- The large market bridges the geographic gap between AWH's presence in Ohio and New Jersey.
- AWH will once again have the ability to leverage second-mover advantage, and site dispensary locations in prominent retail corridors, an opportunity that first movers did not have as many municipalities were still acclimating to the idea of dispensaries.
- Pennsylvania's legal, medical market in 2021 is estimated at $1.35 billion and is expected to reach approximately $1.64 billion in 2022.3
Sources:
- Pennsylvania DOH, Medical Marijuana Dispensaries in Pennsylvania, as of February 2022
- https://mjbizdaily.com/pennsylvania-unveils-13-new-medical-marijuana-grower-processor-licenses/
- BDSA Data
AWH is a vertically integrated operator with assets in Illinois, Michigan, Ohio, Massachusetts, New Jersey, and Pennsylvania. AWH owns and operates state-of-the-art cultivation facilities, growing award-winning strains and producing a curated selection of products. AWH produces and distributes its in-house Ozone, Ozone Reserve, and Simply Herb branded products. For more information, visit www.awholdings.com.
This news release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding the plans, intentions, expectations, estimates, and beliefs of the Company. Words such as "expects", "continue", "will", "anticipates" and "intends" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on the Company's current projections and expectations about future events and financial trends, and on certain assumptions and analysis made by the Company in light of experience and perception of historical trends, current conditions and expected future developments and other factors management believes are appropriate.
Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Such factors include, among others: the risks and uncertainties identified in the Company's Annual Report on Form 10K for the year ended December 31, 2021, and in the Company's other reports and filings with the applicable Canadian securities regulators and the U.S. Securities and Exchange Commission. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.
The CSE has not reviewed, approved or disapproved the content of this news release.
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SOURCE Ascend Wellness Holdings, Inc.
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https://www.whsv.com/prnewswire/2022/04/20/awh-consolidates-ownership-vertically-integrated-pennsylvania-operator/
| 2022-04-20T12:32:30Z
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The Company Behind BarkBox Expands Business Operations and Increases Efficiency by Closing its Books 50% Faster with NetSuite
AUSTIN, Texas, April 20, 2022 /PRNewswire/ -- BARK, the world's most dog-centric company devoted to making all dogs happy, is using Oracle NetSuite to support its commitment to create the world's best products and experiences to satisfy each dog's distinct personality and preferences. With NetSuite, BARK has been able to take advantage of an integrated business platform to streamline financial and inventory management as it has expanded its product offerings, scaled operations, and successfully navigated becoming a publicly traded company.
Founded in 2012 as a monthly subscription service for dog treats and toys, BARK has grown to become a leading pet brand, servicing over 6.5 million dogs in the United States. As BARK expanded its products, services, and distribution channels, its existing system based on manual processes was creating inefficiencies. It could not deliver the automation or insights required, and it didn't have the inventory management system needed to effectively manage BARK's complex inventory processes and track movements across its warehouses and third-party logistics. To address these needs and establish a platform to support its future growth, BARK replaced its existing system with NetSuite.
"Our company has always had big ambitions, and when the pandemic hit, customer demand for our services skyrocketed," said Howard Yeaton, CFO of BARK. "NetSuite's integrated platform has allowed us to make data-driven decisions as we expand our product offerings and has also helped meet the increasing demand of our subscription and ecommerce channels. We also gained the financial reporting capabilities needed to meet our obligations as a public company, which would have been impossible on our previous system."
With NetSuite, BARK has been able to unify financials, order management, purchasing, warehouse management, and inventory management on a single cloud system. NetSuite has helped BARK optimize financial processes by providing real-time reporting and forecasting capabilities as well as a powerful valuation and audit process that helps BARK meet the reporting requirements of a publicly traded company. NetSuite also helped BARK gain complete visibility into its sales pipeline, cash flow, and actual spend, and enabled BARK to close its books 50 percent faster, giving investors' further confidence in its financial health.
In addition, NetSuite helps BARK manage its biggest and most complex processes, manufacturing and inventory management, which includes inbound orders, purchasing, fulfillment, packing, and shipping. Its BARKShop ecommerce platform runs exclusively on NetSuite, and all Amazon sales and inventory data is integrated within NetSuite. Finally, NetSuite supports the newly launched BARK Eats, a dog food subscription business, that runs its inventory, ecommerce, financials, sales, and manufacturing operations through NetSuite.
"BARK's outstanding customer experience has helped it expand its business from a subscription toy box for dogs, to a publicly traded omnichannel retailer," said David Rodman, SVP of Customer Success, Oracle NetSuite. "With NetSuite, BARK has one unified cloud system to manage its entire business and can take advantage of the insights from across its operations to launch new ventures to make dogs and humans happier."
About Oracle NetSuite
For more than 20 years, Oracle NetSuite has helped organizations grow, scale and adapt to change. NetSuite provides an integrated system that includes financials / Enterprise Resource Planning (ERP), inventory management, HR, professional services automation and omnichannel commerce, used by more than 29,000 customers in 215 countries and dependent territories.
Learn more at https://www.netsuite.com. Like us on Facebook, and follow us on LinkedIn, Instagram, and Twitter.
About BARK
BARK is the world's most dog-centric company, devoted to making dogs happy with the best products, services and content. BARK's dog-obsessed team applies its unique, data-driven understanding of what makes each dog special to design playstyle-specific toys, wildly satisfying treats, personalized meal plans and supplements, and dog-first experiences that foster the health and happiness of dogs everywhere. Founded in 2012, BARK loyally serves dogs nationwide with themed toys and treats subscriptions, BarkBox and BARK Super Chewer; custom product collections through its retail partner network, including Target and Amazon; its high-quality, personalized nutrition and meal plans with BARK Eats; and health and wellness products that meet dogs' needs with BARK Bright®. At BARK, we want to make dogs as happy as they make us because dogs and humans are better together. Sniff around at bark.co for more information.
Trademarks
Oracle, Java and MySQL are registered trademarks of Oracle Corporation.
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| 2022-04-20T12:32:38Z
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Billions of Authentic Consumer Conversations: Structured, Indexed, and Benchmarked to Create Actionable Insights at the Category, Product, Feature, and Trend Levels
BOSTON , April 20, 2022 /PRNewswire/ -- Social Standards, a leading comparative analytics platform, and Boston Consulting Group (BCG), one of the world's leading management consulting firms, today announced a new strategic partnership to accelerate the systematic use of proprietarily tagged cross-platform social media conversation data and insights for B2B and B2B2C clients. Supported data sources include Instagram, Twitter, Reddit, and TikTok.
While most social media listening platforms can provide companies with surface-level data about how many people are talking about them, Social Standards can go deeper into the content of what people are saying by turning billions of data points into benchmarked insights about brands, and even drilling down to category, product feature, and trend levels.
"There's no lack of companies doing social listening—but no one else is doing structured social listening. Social Standards is able to treat social data as behavioral data that is directly mapped to each respective market," said Mark Abraham, a managing director and senior partner at BCG. "With Social Standards, we can finally quantify the 'why' behind consumer behavior and actively forecast what happens next."
On the BCG side, the partnership is led by the firm's Consumer and Marketing, Sales, & Pricing practices, along with integration into Lighthouse by BCG, the firm's high-frequency data and analytics platform. With this partnership, BCG gains exclusive access to syndicated cross-platform social media data to augment its strategic, operational, and digital insights and impact across a wide range of use cases with clients including, but not limited to:
- Consumer segment definition and enrichment
- Brand positioning, health assessment, and growth potential
- Product innovation, development, and optimization
- Marketing, sales, and pricing
- Mergers and acquisitions (M&A) pipeline development
- Brand assessments for private equity or strategic buyers
- Competitive positioning landscaping
- Customized brand tracking
Through the partnership, clients are empowered to inform and infuse their strategic decision making with granular, objective, non-biased consumer insights and trends from social media conversations that have been isolated and identified as the most relevant and meaningful to their brands and/or markets. Further, they are provided with the ability to track leading-indicator consumer metrics, allowing brands to easily and quantitatively compare their own performance over time, or compare themselves with individual competitors, or with an index of competitors.
"As a result of our extensive multiyear relationship, Social Standards has now become part of BCG's default toolkit for all things consumer, be it brands, retailers, or M&A," said Christine Barton, a managing director and senior partner at BCG. "We are thrilled to now be entering into this exclusive strategic partnership with them."
"The choice to partner with BCG was an easy one because of how innovative and future-looking the firm is," said Devon Bergman, CEO and co-founder of Social Standards. "BCG very much strives to continuously expand its capabilities and doesn't rely solely on traditional methodologies. And most importantly, we consider BCG to be the best in their industry."
For more information, please contact Brett Thomas at BCG, and contact@socialstandards.com at Social Standards.
For media queries, please contact Eric Gregoire at +1 617 850 3783 or gregoire.eric@bcg.com.
About Boston Consulting Group
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.
Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.
About Social Standards
Social Standards is the next generation of market research. Social Standards has developed an industry-defining consumer research platform that harnesses the power of collective intelligence to deliver deep insights on consumer conversational data. The platform is a first-to-market tool which structures the massive set of unfiltered conversational data derived from social channels into market vertical-based ontological relationships, enabling quant-based understanding of consumer motivations and market direction. Social Standards is leveraged within corporate strategy, growth investment, and product development teams at some of the world's largest CPG brands; supports investor due diligence analysis and operating strategy development for the most renowned PE and management consulting firms; and is used across equity sell-side research and advisory teams at some of the largest and most prestigious investment banks.
Social Standards was founded in 2017. The company has offices in New York, Oakland and Los Angeles.
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| 2022-04-20T12:32:44Z
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BERKSHIRE HILLS REPORTS IMPROVED FIRST QUARTER RESULTS
Published: Apr. 20, 2022 at 7:30 AM EDT|Updated: 1 hour ago
BOSTON, April 20, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today reported that first quarter earnings per share (EPS) increased year-over-year by 62% to $0.42 in 2022 from $0.26 in 2021. The non-GAAP measure of adjusted EPS increased by 37% to $0.43 from $0.32. Earnings benefited from loan growth in 2022 together with a release of the allowance for credit losses, reflecting improved loan performance expectations. Compared to the fourth quarter of 2021, first quarter EPS was unchanged at $0.42 and adjusted EPS increased by 4% to $0.43 from $0.42.
FIRST QUARTER FINANCIAL HIGHLIGHTS (Non-GAAP measures are reconciled on page F-9).
62% year-over-year increase in EPS
6% increase in total loans quarter-over-quarter
2.61% net interest margin, stable over the last five quarters
$4 million benefit to the credit loss provision due to a release of the credit loss allowance
6% reduction in period-end shares outstanding year-over-year reflecting stock buybacks
CEO Nitin Mhatre stated, "Our strong growth in loan balances was driven by a significant increase in new loan originations that benefited from higher productivity of our existing bankers, recruitment of experienced frontline bankers and new partnership channels in the second half of 2021. Our credit metrics remained strong and our earnings benefited from a release of the credit loss allowance, which continues to provide comparatively strong coverage of the loan portfolio."
"We remain well positioned to benefit from the expected rising rate environment. During the first quarter, Berkshire announced the approval of a new program to repurchase approximately $140 million in common shares and correspondingly total outstanding shares decreased by 2% during the quarter."
Mr. Mhatre concluded, "Berkshire Bank recently announced an expanded partnership with fintech Narmi to create a best-in-class digital banking experience for consumers and small businesses. We continue to promote employees from within the organization and bring on board knowledgeable bankers to deepen long-term relationships with our customers. I'm also pleased that our collective efforts to support our customers and communities continue to gain recognition as we were recently named by Newsweek as one of America's Most Trustworthy Companies and placed among the top 10 banks nationally. Our team has gotten off to a strong start in 2022 as we execute on our BEST plan in pursuit of our vision to be a high-performing, leading socially responsible community bank in New England and beyond."
RESULTS OF OPERATIONS
Earnings: First quarter GAAP earnings per share totaled $0.42, unchanged from the prior quarter and increased year-over-year by 62% from $0.26. The non-GAAP measure of adjusted EPS totaled $0.43, increasing quarter-over-quarter by 4% from $0.42 and year-over-year by 37% from $0.32 per share. First quarter adjustments to earnings consisted primarily of branch restructuring expenses in 2021 and unrealized equity securities losses in 2022. Year-over-year earnings improvement also resulted from a benefit in 2022 to the provision for credit losses on loans and as well as from share repurchases. The first quarter 2022 return on tangible common equity measured 7.3% and the non-GAAP measure of adjusted return on tangible common equity measured 7.5%.
Revenue: Net interest income was essentially unchanged quarter-over quarter. Loan growth was weighted towards the end of the quarter, with full benefit expected beginning in the second quarter. Net interest income decreased by 8% year-over-year due primarily to lower loan balances during the year 2021. The Company's net interest income is modeled to be positively sensitive to the market forecast scenario of rising interest rates.
Non-interest income excluding securities losses increased 5% quarter-over-quarter including seasonal components. It decreased 18% year-over-year primarily due to the sale of insurance and branch operations in the third quarter of 2021, and PPP loan referral fees recorded in the first quarter of 2021.
Provision for Credit Losses on Loans:Berkshire recorded a $4 million benefit to the first quarter 2022 provision, compared to a $3 million benefit in the linked quarter and a $6.5 million charge in the first quarter of 2021. The $4 million benefit resulted from a $7 million release of the credit loss allowance net of $3 million in net loan charge-offs. The Company also utilizes the non-GAAP financial measure of Pre-tax Pre-Provision Net Revenue ("PPNR") to evaluate the results of operations before the impact of the provision and tax expense. PPNR measured $21 million in the most recent quarter, and $22 million on a non-GAAP adjusted basis.
Expense: First quarter 2022 non-interest expense was down 1% quarter-over quarter and down 12% year-over-year including the impact of operations sold in 2021. Full time equivalent staff totaled 1,333 positions at period-end, compared to 1,319 positions at the start of the year. The effective tax rate was 20% in the most recent quarter, which was unchanged from the tax rate for the year 2021.
BALANCE SHEET (references are to period-end balances unless otherwise stated)
Summary: Total assets increased quarter-over-quarter by $0.5 billion, or 5%, to $12.1 billion reflecting loan growth. Total shareholders' equity decreased quarter-over-quarter by $89 million, or 7%, due primarily to a $75 million reduction in accumulated other comprehensive income reflecting lower bond valuations as a result of the increase in interest rates during the quarter. We anticipate that the Company's strong capital and liquidity will position it for future targeted loan growth and capital distributions which are integral elements of its BEST strategic plan.
Loans: Total loans increased quarter-over-quarter by $441 million, or 6% to $7.27 billion at March 31, 2022. The largest increases were in commercial real estate, asset based lending, and residential mortgages. The Company has expanded its commercial and business banking teams and is developing new sourcing channels for residential mortgages and consumer loans in its markets to support planned loan growth in 2022. Loans were down 5% year-over-year due to the impact of refinancings and targeted runoff.
Asset Quality: Asset quality metrics remained favorable and improving in the most recent quarter. Non-accruing loans decreased by 16%, measuring 0.41% of period-end total loans. Annualized net loan charge-offs measured 0.15% of average loans, down from 0.29% for the year 2021. Accruing delinquent loans declined to a near five quarter low of 0.28% of total loans. The allowance for credit losses on loans decreased quarter-over-quarter by $7 million to $99 million, measuring 1.37% of total loans, which was a decrease from 1.55% at the start of the year.
Deposits and Borrowings: Period-end total deposits increased by 6% quarter-over-quarter and 4% year-over-year. These increases were concentrated in payroll deposits, which fluctuate daily. Shifts in balances between the NOW and money market categories also relate to payroll deposits. Total average deposits increased 1% both compared to the linked quarter and compared to the first quarter of 2021. The Company has been reducing higher cost time deposits, including brokered deposits, which declined by 7% quarter-over-quarter and 28% year-over-year based on average balances. Total average non-maturity deposits increased by 3% quarter-over-quarter and 10% year-over-year. The first quarter total cost of deposits decreased to 0.17%, compared to 0.19% in the linked quarter and 0.36% in the prior year.
Equity: Shareholders' equity decreased by 7% quarter-over-quarter and year-over-year. This reflected the impact of share repurchases and a $75 million reduction in the most recent quarter reflecting the lower fair value of the bond portfolio as a result of higher interest rates. The ratio of equity/assets decreased quarter-over- quarter to 9.0% from 10.2%. At quarter-end, book value per share was $22.89 and the non-GAAP measure of tangible book value per share was $22.30. These values decreased quarter-over-quarter, but were not significantly changed year-over-year.
ESG & CORPORATE RESPONSIBILITY UPDATE
Berkshire Bank is committed to purpose-driven, community-centered banking that enhances value for all stakeholders as it pursues its vision of being a high-performing, leading socially responsible community bank in New England and beyond. Learn more about the steps Berkshire is taking at berkshirebank.com/csr and in its most recent Corporate Responsibility Report.
Key developments in the quarter include:
Corporate Responsibility Report - Earlier this month, the Company released its 2021 Corporate Responsibility Report, Empowering Community Comebacks. The report highlights Berkshire's performance on environmental, social, and governance matters along with its progress on its BEST Community Comeback. Detailed on the pages of the report are examples of how the simple decision of where you bank can have an outsized impact in your community.
Standing with Ukraine: Berkshire took several actions along with its employees and customers in response to the ongoing humanitarian crisis in Ukraine including making a $50,000 contribution, through its Foundation, to the Ukrainian Federation of America. In addition, Berkshire is refunding outgoing wire transfer fees to individuals who are sending money to family and non-profit organizations in Ukraine; matching employee contributions to non-profits working to aid in relief efforts; and activating a virtual supply drive to provide critical supplies to organizations working to assist in Ukraine and neighboring countries.
Awards & Recognition: The Company was named to Newsweek's list of America's Most Trusted Companies 2022 and ranked #9 for banks. Earlier in the quarter Berkshire was also listed in Bloomberg's Gender Equality Index and named a Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign. Finally, Berkshire received a 2022 Communitas Award for Leadership in Corporate Responsibility for its BEST Community Comeback program recognizing its early progress on the multi-year commitment.
Current ESG Performance: The Company moved into the top 22% of leading ESG indexes in the U.S. for its Environmental, Social and Governance (ESG) ratings. As of March 31, 2022 the Company received ratings of: MSCI ESG- BBB; ISS ESG Quality Score - Environment: 3, Social: 1, Governance: 3; and Bloomberg ESG Disclosure- 47.81. The Company is also rated by Sustainalytics.
INVESTOR CONFERENCE CALL AND INVESTOR PRESENTATION
Berkshire will conduct a conference call/webcast at 10:00 a.m. eastern time on Wednesday, April 20, 2022 to discuss results for the quarter and provide guidance about expected future results. The Company will also place an investor presentation at its website at ir.berkshirebank.com with additional financial information and other information about the quarter.
Callers who pre-register will be given dial-in instructions and a unique PIN to gain immediate access to the call. Participants may pre-register at any time prior to the call and will immediately receive simple instructions via email. Additionally, participants may reach the registration link and access the webcast by logging in through the investor relations section of Berkshire's website at ir.berkshirebank.com. Those parties who do not have Internet access or are otherwise unable to pre-register for this event, may still participate at the above time by dialing 844-200-6205 and using participant access code: 647451. Participants are requested to dial-in a few minutes before the scheduled start of the call. A telephone replay of the call will be available for one week by dialing 866-813-9403 and using access code: 478827. The webcast will be available on Berkshire's website for an extended period of time.
ABOUT BERKSHIRE HILLS BANCORP
Berkshire Hills Bancorp is the parent of Berkshire Bank, which is transforming what it means to bank its neighbors socially, humanly, and digitally to empower the financial potential of people, families, and businesses in its communities as it pursues its vision of being a leading socially responsible omni-channel community bank in New England and beyond. Berkshire Bank provides business and consumer banking, mortgage, wealth management, and investment services. Headquartered in Boston, Berkshire has approximately $12.1 billion in assets and operates 105 branch offices in New England and New York, and is a member of the Bloomberg Gender-Equality Index. To learn more, call 800-773-5601 or follow us on Facebook, Twitter, Instagram, and LinkedIn.
FORWARD-LOOKING STATEMENTS
This document contains "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. You can identify these statements from the use of the words "may," "will," "should," "could," "would," "plan," "potential," "estimate," "project," "believe," "intend," "anticipate," "expect," "target" and similar expressions. There are many factors that could cause actual results to differ significantly from expectations described in the forward-looking statements. For a discussion of such factors, please see Berkshire's most recent reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission and available on the SEC's website at www.sec.gov. You should not place undue reliance on forward-looking statements, which reflect our expectations only as of the date of this document. Berkshire does not undertake any obligation to update forward-looking statements.
NON-GAAP FINANCIAL MEASURES
This document contains certain non-GAAP financial measures in addition to results presented in accordance with Generally Accepted Accounting Principles ("GAAP"). These non-GAAP measures provide supplemental perspectives on operating results, performance trends, and financial condition. They are not a substitute for GAAP measures; they should be read and used in conjunction with the Company's GAAP financial information. A reconciliation of non-GAAP financial measures to GAAP measures is included on page F-9 in the accompanying financial tables. In all cases, it should be understood that non-GAAP per share measures do not depict amounts that accrue directly to the benefit of shareholders.
The Company utilizes the non-GAAP measure of adjusted earnings in evaluating operating trends, including components for adjusted revenue and expense. These measures exclude items which the Company does not view as related to its normalized operations. These items primarily include securities gains/losses, other gains/losses, merger costs, restructuring costs, goodwill impairment, and discontinued operations. In 2021, the Company recorded a third quarter net gain of $52 million on the sale of the Company's insurance subsidiary and the Mid-Atlantic branch operations. Expense adjustments in the first quarter 2021 were primarily related to branch consolidations. Third quarter 2021 adjustments included Federal Home Loan Bank borrowings prepayment costs. They also included other restructuring charges for efficiency initiatives in operations areas including write-downs on real estate moved to held for sale and severance related to staff reductions. The fourth quarter 2021 revenue adjustment was primarily related to trailing revenue on a previously reported sale, and the expense adjustment was due primarily to branch restructuring costs. The revenue adjustment in the first quarter of 2022 was due to an unrealized loss in equity mutual funds.
The Company utilizes Adjusted Pre-Provision Net Revenue ("Adjusted PPNR") which measures adjusted income before credit loss provision and tax expense. PPNR is used by the investment community due to the volatility and variability across banks related to credit loss provision expense under the Current Expected Credit Loss accounting standard. The Company also calculates Adjusted PPNR/assets in order to utilize the PPNR measure in assessing its comparative operating profitability.
Non-GAAP adjustments are presented net of an adjustment for income tax expense. This adjustment is determined as the difference between the GAAP tax rate and the effective tax rate applicable to adjusted income. The efficiency ratio is adjusted for adjusted revenue and expense items and for tax preference items. The Company also calculates measures related to tangible equity, which adjust equity (and assets where applicable) to exclude intangible assets due to the importance of these measures to the investment community.
CONTACTS
Investor Relations Contacts
Kevin Conn, SVP, Investor Relations & Corporate Development Email: KAConn@berkshirebank.com Tel: (617) 641-9206
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.
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| 2022-04-20T12:32:51Z
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Introducing the First Customizable ML-Driven Classification for Accurate Data Insight At Scale
NEW YORK, April 20, 2022 /PRNewswire/ -- BigID, the leading data intelligence platform that enables organizations to know their enterprise data and take action for privacy, security, and governance, today announced new advanced ML-driven capabilities, bringing customizable NLP classifiers to customers for faster time to insight, more accurate understanding of data, and data insight that makes sense for today's modern data challenges.
Customizable NER capabilities reduce costs, time, and resources across data classification and management - improving accuracy, reducing noise, and saving customers' time and money while accelerating time to insight.
With these models, organizations can get accurate results at scale, customized for their data challenges with capabilities that include:
- Fine-tune existing NER classifiers for specific data environments
- Create additional classifiers for new entity types
- Extend NER classifier coverage for additional languages.
"This is a huge step forward to make it easier than ever to apply advanced ML to solve data challenges for all organizations," said Yehoshua Enuka, Head of Data Science at BigID. "Data meaning (and sensitivity) isn't a one size fits all solution - so customizing models based on the specific data environment gives our customers much faster, more meaningful, and more accurate results than they could achieve with pre-set classifiers."
Learn more:
- Read more detail on customizable NLP models at bigid.com/blog/how-to-train-ml-models/
- Get a demo & see NER models in action at bigid.com/demo
About BigID
BigID's data intelligence platform enables organizations to know their enterprise data and take action for privacy, protection, and perspective. Customers deploy BigID to proactively discover, manage, protect, and get more value from their regulated, sensitive, and personal data across their data landscape. BigID has been recognized for its data intelligence innovation as a 2019 World Economic Forum Technology Pioneer, named to the 2021 Forbes Cloud 100, the 2021 Inc 5000 as the #19th fastest growing company and #1 in Security, a Business Insider 2020 AI Startup to Watch, and an RSA Innovation Sandbox winner. Find out more at https://bigid.com.
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| 2022-04-20T12:32:59Z
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Braskem to Highlight its Expanded Portfolio of 3D Printing Offerings at North America's Largest Additive Manufacturing Conference
PHILADELPHIA, April 20, 2022 /PRNewswire/ -- Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) ("Company"), the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, announces today its upcoming presence at Rapid + TCT, North America's largest Additive Manufacturing conference, being held at Huntington Place, in Detroit, Michigan from May 17 to 19, 2022. The RAPID + TCT 2022 conference brings together over 100 industry leaders focused on delivering leading-edge solutions to the 3D printing and additive manufacturing industry.
Jason Vagnozzi, Braskem Global Commercial Director of Additive Manufacturing, stated, "The Braskem team is incredibly excited to be participating in the RAPID + TCT 2022 conference as we share a common vision for bringing leading-edge product innovation to market to help take the additive manufacturing and 3D printing industry to the next level. Our presence at RAPID + TCT 2022 follows a significant expansion of our filament and pellet product lines with new carbon fiber and glass fiber reinforced offerings. We will also be showcasing our new line of recycled and bio-based material offerings for 3D; these products will bring a new level of capability and sustainability to the market."
As one of the world's largest producers of polyolefins, Braskem offers solutions across 3D printing technologies such as Fused Filament Fabrication (FFF), Selective Laser Sintering (SLS), and High-speed Pellet Extrusion. Through Braskem's decades of expertise in materials science and product development, its state-of-the-art 3D printing labs, as well as its strategic partnerships with industry leaders, Braskem is committed to delivering new and innovative products to the market. If you are a start-up, university, equipment manufacturer, converter, compounder, or brand owner, Braskem's product development professionals can collaborate with you on your next 3D printing solution.
For those attending the Rapid + TCT Conference, Jason Vagnozzi, Braskem Global Commercial Director of Additive Manufacturing, and Michelle Sing, Ph.D., Braskem Materials Development Research Engineer, will be keynote presenters. They will discuss the development and design of sustainable materials for additive manufacturing. Please check the schedule for keynote presentation times during the show. Make sure to also stop by the Braskem Booth #3813 to see Braskem's full range of 3D printing and additive manufacturing offerings as well as connect with Braskem industry and product specialists. Braskem offerings on display at Rapid + TCT will include:
3D Filaments for Additive Manufacturing
Polyethylene Filament (FL300PE)
Braskem FL300PE is a 100% Polyethylene (PE) filament designed to be easy to print, lightweight, highly moisture and chemical resistant. This filament is ideal for packaging, prototyping, as well as industrial and consumer goods applications. FL300PE is an excellent solution anywhere traditional HDPE resins are typically required.
Polypropylene (PP) Filament (FL105PP)
Braskem FL105PP Polypropylene filament is a specially formulated co-polymer for additive manufacturing. This formulation is design to maximize printability, dimensional stability, and surface finish, while minimizing warpage.
Carbon Fiber Reinforced Polypropylene Filament (FL900PP-CF)
Braskem, FL900PP-CF Carbon Fiber Reinforced Polypropylene filament is a specially formulated co-polymer for additive manufacturing. Contains 100% recycled carbon fiber for optimal strength and durability. This formulation is design to maximize printability, dimensional stability, and surface finish, while minimizing warpage.
Glass Fiber Reinforced Polypropylene Filament (FL500PP-GF)
Braskem, FL500PP-GF Glass Fiber Reinforced Polypropylene filament is a specially formulated co-polymer for additive manufacturing. Contains glass fiber for added strength and durability. This formulation is designed to maximize printability, dimensional stability, and surface finish, while minimizing warpage and bed adhesion issues.
Recycled Polyolefin Filament with Carbon Fiber (FL605R-CF)
Braskem FL605R-CF is an engineering-grade polymer for additive manufacturing, containing 90% recycled content. Primarily sourced from recycled bottle caps, FL605R-CF is a recycled PE/PP blend that incorporates the use of recycled carbon fiber for added strength and durability. FL605R-CF provides a more sustainable solution without sacrificing printability and mechanical properties. This environmentally friendly filament provides the same low density as well as water, chemical, and impact resistance inherent to virgin polyethylene and polypropylene-based materials.
3D Pellets for Additive Manufacturing
Polypropylene Pellets (GR105PP)
Braskem GR105PP Polypropylene pellets are a specially formulated co-polymer for additive manufacturing. This formulation is design to maximize printability, dimensional stability, and surface finish, while minimizing warpage.
Carbon Fiber Reinforced Polypropylene Pellets (GR900PP-CF)
Braskem, FL900PP-CF Carbon Fiber Reinforced Polypropylene pellets are a specially formulated co-polymer for additive manufacturing. Contains 100% recycled carbon fiber for optimal strength and durability. This formulation is design to maximize printability, dimensional stability, and surface finish, while minimizing warpage.
Glass Fiber Reinforced Polypropylene Pellets (GR500PP-GF)
Braskem, GR500PP-GF Glass Fiber Reinforced Polypropylene pellets are a specially formulated co-polymer for additive manufacturing. Contains glass fiber for added strength and durability. This formulation is design to maximize printability, dimensional stability, and surface finish, while minimizing warpage and bed adhesion issues.
Recycled Polyolefin Pellets with Carbon Fiber (GR605R-CF)
Braskem GR605R-CF is an engineering-grade polymer for additive manufacturing, containing 90% recycled content. Primarily sourced from recycled bottle caps, GR605R-CF is a recycled PE/PP blend that incorporates the use of recycled carbon fiber for added strength and durability. GR605R-CF provides a more sustainable solution without sacrificing printability and mechanical properties. This environmentally friendly filament provides the same low density as well as water, chemical, and impact resistance inherent to virgin polyethylene and polypropylene-based materials.
To learn more about Braskem's expanding portfolio for 3D printing and additive manufacturing, visit https://www.braskem.com/usa/3d-printing.
ABOUT BRASKEM
With a global vision of the future-oriented towards people and sustainability, Braskem is committed to contributing to the value chain for strengthening the Circular Economy. The petrochemical company's almost 8,000 team members dedicate themselves every day to improve people's lives through sustainable chemicals and plastics solutions. Braskem has an innovative DNA and a comprehensive portfolio of plastic resins and chemical products for diverse segments, such as food packaging, construction, manufacturing, automotive, agribusiness, healthcare, and hygiene, among others. With 41 industrial units in Brazil, the United States, Mexico, and Germany, Braskem exports its products to clients in more than 80 countries.
Braskem America, Inc. is an indirect wholly owned subsidiary of Braskem S.A. headquartered in Philadelphia. The company is the leading producer of polypropylene in the United States, with six production plants located in Texas, Pennsylvania, and West Virginia, an Innovation and Technology Center in Pittsburgh, and operations in Boston focused on leveraging groundbreaking developments in biotechnology and advanced materials. For more information, visit www.braskem.com/usa. Braskem 3D materials are also available through our strategic distribution partners M. Holland and Nexeo, as well as visiting our Braskem 3D storefront on Amazon.
Braskem on English social media:
www.facebook.com/BraskemGlobal
www.linkedin.com/company/braskem
www.twitter.com/BraskemSA
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| 2022-04-20T12:33:05Z
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Partnership will meet growing demand for timely, accessible behavioral health services for new and expecting mothers
MIAMI, April 20, 2022 /PRNewswire/ -- Brave Health, a virtual-first behavioral health provider focused on serving Medicaid populations, today announced a new partnership with The Doula Network (TDN), a Medicaid provider committed to improving access to doula care and expanding reimbursement for doula services. The collaboration seeks to address the maternal and mental health disparities that disproportionately affect women in underserved communities.
Postpartum depression and anxiety are the leading complication of pregnancy and childbirth, impacting one in five mothers nationwide. Yet, only 50 percent receive treatment. Untreated maternal mental health conditions cost the U.S. over $14 billion annually and increase the risk of adverse outcomes—particularly for women in underserved areas where it can be more difficult to access care.
Medicaid finances nearly 45 percent of all U.S. births, and an estimated 50-60 percent of pregnancies in rural areas. The population of women covered by Medicaid face many socio economic challenges that inhibit their ability to access high-quality maternal care. For many, Medicaid isn't just critical to physical health, but also mental health.
To support Medicaid members during and after pregnancy, TDN's partnership with Brave Health provides a full spectrum of behavioral health services, including individual, group, family, and couples therapy; psychiatry and medication management, which have been increasingly difficult to access locally as demand for mental health providers soars. TDN refers patients to Brave Health's virtual provider network, enabling immediate and convenient access to covered mental health services and resources. By combining virtual behavioral health services with a trusted network of community-based doulas, TDN and Brave Health can meet members where they are; giving new and expecting parents unrestricted access to high-quality in-person and remote care.
"This partnership serves as a critical safety net for the vulnerable population of women who struggle obtaining the care they need and so desperately deserve," said Elizabeth Simmons, MS, CD, founder and CEO of TDN. "Mental health services can be a lifeline for many of our members who often have limited support from friends and family or may be in difficult relationships. Together, interventions from TDN's doulas and Brave's mental health team can significantly improve outcomes for mothers and their babies, and diminish unnecessary risks and medical costs."
Dedicated to increasing access to insurance-covered doula services, TDN works with health systems and health plans throughout Florida and New Jersey to integrate birth doulas into the Medicaid system. Currently, TDN's provider network of 100 credentialed and certified doulas serve nearly 1,000 Medicaid members annually with intentions to incorporate more payers and broaden into other states.
The partnership with TDN is one of several that Brave Health has initiated to bring high-quality behavioral healthcare to the nation's most vulnerable. Earlier this year, Brave Health engaged with Circulo Health to provide mental health services to Medicaid members in Columbus, Ohio. Today, Brave Health serves more than 65M covered lives across 125 health plan contracts in 11 states.
"Mental health conditions that go untreated or undiagnosed can have devastating consequences for individuals and their families. This is especially true during times of change, both physically and emotionally. In these moments, it's critical for healthcare providers to work together to get the individual the care they need quickly" said Anna Lindow, CEO and co-founder of Brave Health. "By expanding integrated access to both doulas and behavioral health services, we can provide the physical, mental and emotional support that everyone deserves."
About Brave Health
Brave Health is a national, virtual-first behavioral health provider focused on serving people with Medicaid. The company offers outpatient services (therapy, psychiatry, case management, MAT) for mental health and addiction through its virtual behavioral health platform. Brave Health provides same-day assessments, reduces wait times to less than a week, and works closely with Medicaid case managers, providers and major Medicaid plans across the U.S. to increase patient engagement and lower overall costs of care. Today, Brave Health partners with 125 health plan contracts to cover more than 65M members across 11 states, including Florida, New York and Texas. For more information, visit www.bebravehealth.com.
About The Doula Network
The Doula Network's (TDN) mission is to create a foundational system of doula services that are integrated into maternal health care. By aligning with doulas, clients, health plans, communities, and technology, The Doula Network improves the maternal health experience, maternal and infant outcomes, and reduces healthcare cost. Founded in 2019, The Doula Network has created care networks in Florida and New Jersey with 13 Medicaid health plans. Our network of doulas are committed to providing culturally congruent, client centered, community based doula services. For more information, visit www.thedoulanetwork.com.
Media Contact:
Jen Long
617-784-3245
jen@120over80mktg.com
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| 2022-04-20T12:33:11Z
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Pay for Performance Proven Lacking in New Research
A non-PFP experiment bolstered sales, retention, and engagement at Hilti Group
CAMBRIDGE, Mass., April 20, 2022 /PRNewswire/ -- According to a new study released today in MIT Sloan Management Review, compensation systems that do not link sales target achievement to individual incentives bolster intrinsic motivation, satisfaction with pay, and ultimately, employee performance, while pay-for-performance (PFP) compensation systems can undermine the performance of modern, collaborative work teams.
"Organizations may have more to lose by failing to move beyond pay-for-performance (PFP) compensation systems," states coauthor, Jonas Solbach, market reach strategy manager at Hilti Group. "After conducting a large-scale experiment with a target-independent compensation system, the results point to a strong case for leaving PFP behind."
Liechtenstein-based Hilti Group, which offers products and services to the construction industry, is a family-owned business that employs more than 30,000 people, 70% of whom sell its products and services directly to contractors on construction sites in 120 countries. Hilti has a decentralized structure, and the country organizations maintain their own sales forces. The authors ran an experiment in which they replaced a PFP compensation system with a target-independent system in the direct sales force of a country organization of Hilti Group, beginning in January 2019.
The results suggest that target-independent compensation systems can be superior to PFP systems in organizations that rely heavily on knowledge work and collaboration.
While PFP systems focus narrowly on defined outcomes (such as the number of sales closed), they ignore the ways in which outcomes are produced, often undermining the performance of work that requires people to explore complex problems, develop creative solutions, and achieve qualitative results that cannot be fully specified in advance. PFP remains focused on extrinsic motivation of financial reward but ignores powerful and beneficial intrinsic motivators, such as the joy of the task itself, sense of contributing and belonging to a team, and personal development.
"Intrinsic motivation seems to provide access to the vast untapped potential of employees, boosting both performance and well-being. Target-independent pay schemes serve as a lever to transform the focus of leaders from computational command-and-control to behavior-driven performance management," added Klaus Mӧller, professor of controlling/performance management at the University of St. Gallen.
The payoffs were clear at Hilti: A target-independent pay scheme bolstered intrinsic motivation, satisfaction with pay, and ultimately, employee performance, without giving rise to free-riding, ugly competition, cost challenges, and layoffs in times of crisis. Organizations that have attained a certain level of cultural maturity and are performance-driven are best suited to see similar success with a target-independent system. Successful implementation requires full support of senior leaders and must be aligned with all current programs and processes. Management must communicate extensively to convey its trust in employees and its performance expectations.
The Experiment
The compensation experiment took place at a country organization in Eastern Europe beginning in January 2019. At the time, the company's 190 salespeople received 65% of their salary in fixed compensation and 35% in variable compensation. The new sales compensation system did not link rewards to preset targets. Under the new system, the pool for fixed sales compensation increased to 97% of the average total payout for the entire sales force in the previous two years.
A change such as this was intended to signal greater trust in salespeople; to better support the stretch targets, operations, and practices necessary to exploit the full potential of a sales territory; and to encourage knowledge sharing and long-term strategic behaviors. It also expanded the structure of advancement from three levels to seven levels to give a longer-term career path. The organization also extended the use of gamelike competition from individuals to teams. "The new pay scheme should address increasing complexity in sales jobs with more service and digital solutions sales content as well as longer sales cycles, a context which characterizes not only Hilti sales jobs nowadays but can be observed also in more and more industries," Franz Wirnsperger added from a practitioner's perspective.
The Results
The results speak for themselves — the country organization outperformed the market by a factor of 1.4 in 2019 (fully twice the rate of 2018). Turnover within the sales force decreased by more than 4% under the new pay scheme in 2019. Satisfaction with compensation within the sales force increased by 19%, compared with a 9% increase across the entire workforce. A slackening in sales efforts did not materialize.
The MIT Sloan Management Review (MIT SMR) article, "Break the Link Between Pay and Motivation," publishes at 8 a.m. EDT on April 20, 2022.
About the Authors
Jonas Solbach is market reach strategy manager at Hilti Group. Klaus Mӧller is professor of controlling/performance management at the University of St. Gallen. Franz Wirnsperger is managing director of the Hilti Lab for Integrated Performance Management.
About MIT Sloan Management Review
MIT Sloan Management Review (MIT SMR) is an independent, research-based magazine and digital platform for business leaders, published at the MIT Sloan School of Management. MIT SMR explores how leadership and management are transforming in a disruptive world. We help thoughtful leaders capture the exciting opportunities — and face down the challenges — created as technological, societal, and environmental forces reshape how organizations operate, compete, and create value.
Connect with MIT Sloan Management Review on:
Tess Woods
Tess@TessWoodsPR.com
617-942-0336
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| 2022-04-20T12:33:17Z
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AVAILABLE WORLDWIDE JUNE 10th ON KTBA RECORDS
PRE-ORDER THE CD+DVD OR CD+BLU-RAY PACKAGE NOW
NASHVILLE, Tenn., April 20, 2022 /PRNewswire/ -- April 20, 2022: KTBA Records is proud to announce blues-rock star Joanne Shaw Taylor's first live U.S. concert film "Blues From The Heart Live" releasing on June 10, 2022. The live performance will be available as a CD/DVD and CD/Blu-Ray package and will include a collectible 24-page CD booklet. Pre-order now at https://bit.ly/JSTblues.
STREAM THE LIVE SINGLE "DYIN' TO KNOW" HERE
WATCH THE OFFICIAL MUSIC VIDEO HERE
"It was a dream gig," recalls Taylor. The live concert was recorded and filmed at The Franklin Theatre in Franklin, Tennessee on January 20, 2022, and features incredible guest performances from Kenny Wayne Shepherd, Mike Farris, and Joe Bonamassa. Public TV stations around the country have been airing a shortened version of the film for their pledge events since March to their audiences.
This historic event was Joanne's first live performance in two years and features Rob McNelley (guitar), Steve Mackey (bass), Jimmy Wallace (keyboards, piano), Nick Buda (drums), Devonne Fowlkes (backing vocals), Kim Fleming (backing vocals), and Joanne on vocals and guitar.
The audio was produced by Joe Bonamassa and Josh Smith at Blackbird Studios, Nashville, and was mixed by Kevin Shirley (Led Zeppelin, Iron Maiden) at The Cave, Australia. The video component includes bonus track "I'm No Angel" (not available on the CD) and also a behind the scenes featurette which includes interviews of Joanne and Joe before they took the stage.
The first live single, "Dyin' To Know" released today, and is available to stream from LINK. Watch the official music video for "Dyin To Know" on YouTube HERE.
CD Track Listing
- Stop Messin' Round
- If That Ain't A Reason
- Keep On Lovin' Me
- If You Gotta Make A Fool Of Somebody
- Can't You See What You're Doing To Me (featuring Kenny Wayne Shepherd)
- Let Me Down Easy
- Two Time My Lovin'
- I Don't Know What You've Got (featuring Mike Farris)
- Three Time Loser
- Dyin' To Know
- Just Another Word
- I've Been Loving You Too Long
- I'm In Chains
- Don't Go Away Mad (featuring Joe Bonamassa)
- Summertime (featuring Joe Bonamassa)
- Only You Know And I Know (featuring Joe Bonamassa)
DVD/Blu-Ray Track Listing
- Stop Messin' Round
- If That Ain't A Reason
- Keep On Lovin' Me
- If You Gotta Make A Fool Of Somebody
- Can't You See What You're Doing To Me (featuring Kenny Wayne Shepherd)
- Let Me Down Easy
- Two Time My Lovin'
- I Don't Know What You've Got (featuring Mike Farris)
- Three Time Loser
- Dyin' To Know
- Just Another Word
- I've Been Loving You Too Long
- I'm In Chains
- Don't Go Away Mad (featuring Joe Bonamassa)
- Summertime feat. Joe Bonamassa
- Only You Know And I Know (featuring Joe Bonamassa)
Bonus DVD + Blu-Ray Features:
All Access Pass – Behind The Scenes
Bonus Track: I'm No Angel
For more information please visit: www.joanneshawtaylor.com and http://www.ktbarecords.com/
Photos by Kit Wood
JOANNE SHAW TAYLOR – BIOGRAPHY
Joanne Shaw Taylor was discovered by Dave Stewart of the Eurythmics at the age of 16 who, having watched her play, immediately invited her on the road with his supergroup D.U.P. - a career in music was born and in the proceeding years, her incredible guitar playing saw her build an army of plaudits including Jimmy Cliff, Joe Bonamassa, Stevie Wonder and Annie Lennox.
Still only in her 30's, she has become one of the most sought-after guitarists in the world of rock. She released her first album on Ruf Records entitled "White Sugar" (2009), unleashing her distinct soulful voice on the world, and demonstrating a song writing prowess way beyond her years - the world of blues rock had a new star! Over the next few years, she released critically acclaimed albums including her sophomore album "Diamonds In The Dirt" (2010), "Almost Always Never" (2012) which featured the UK radio hit "Soul Station", plus her final album for Ruf Records - the live album "Songs From The Road" (2013).
In 2014 she released her fourth studio album "The Dirty Truth" on Axehouse Records that featured the singles "Mud, Honey" and "Wicked Soul". In 2016, Joanne followed up with the release of her fifth album "Wild" (Produced by Kevin Shirley) which saw her perform songs "Dyin' To Know" and "Summertime" on BBC Two Television's popular music show "Later With Jools Holland". Three years later, in 2019 she signed to Silvertone Records via Sony Music and released her sixth studio album, "Reckless Heart".
Over the past two decades, Joanne has proven herself as a prolific songwriter, releasing seven acclaimed albums under her belt, each increasingly more successful with her 2019 "Reckless Heart" breaking into the UK Top 20 Album Chart and cementing herself as one of the most important exports in British blues-rock.
Her highly anticipated seventh studio album "The Blues Album", produced by Joe Bonamassa and Josh Smith at Oceanway Recording Studios in Nashville, Tennessee, was released on Bonamassa's independent record label KTBA Records on September 24, 2021. The album topped the Billboard Official Blues Chart. The album was also voted #1 Most Played Album of 2021 by the British Blues Broadcaster's Association. The album received across-the-board rave reviews worldwide.
On June 10, 2022, Joanne will release the live album "Blues From The Heart Live" featuring guest performances from her friends Kenny Wayne Shepherd, Mike Farris and Joe Bonamassa.
JOANNE SHAW TAYLOR – SOCIAL MEDIA
Official Website | Facebook | Twitter | Instagram | YouTube
For further information, please contact:
Media Contacts for Joanne Shaw Taylor & KTBA Records
Ebie McFarland | Ashley Gaskin
Essential Broadcast Media
ebie@ebmediapr.com | ashley@ebmediapr.com
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| 2022-04-20T12:33:23Z
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Record Fourth Quarter Revenue of $19.7 Million, Up 28% from Prior Year
BETHESDA, Md., April 20, 2022 /PRNewswire/ -- Brivo, a leading provider of cloud-based access control and smart building technologies that recently entered into a definitive merger agreement with Crown PropTech Acquisitions (NYSE:CPTK), today announced that the business generated 2021 total revenue of $73.4 million, representing a 28% increase over 2020 revenue and exceeding the high end of the previously provided 2021 expected revenue range of $71.6 million to $72.5 million.
"2021 was a banner year for Brivo. In addition to posting record revenue, we secured a range of new partnerships, launched numerous product innovations, and expanded our position significantly in new markets. We also grew our organization across all departments, adding 49 new people in Sales, and increasing R&D by 61%, further cementing Brivo as the global leader in mobile, cloud-based access control and smart place platforms. While these investments have impacted our near-term earnings, they are positioning Brivo to accelerate sales growth and product innovation to capture the compelling opportunity ahead of us," said Steve Van Till, Chief Executive Officer of Brivo. "Our growth momentum is carrying over into 2022 as we continue to see a secular trend among large enterprises migrating their physical security systems to the cloud. We are also making steady progress on our business combination with Crown PropTech Acquisitions to become a publicly-listed company."
Fourth Quarter and Full Year 2021 Financial Highlights
- Total revenue was $19.7 million in the fourth quarter, a 28% increase year-over-year. For 2021, total revenue grew 28% over 2020 to $73.4 million.
- Net loss was $(5.3) million in the fourth quarter, compared to a net loss of $(0.7) million in the prior year period. For 2021, net loss was $(9.2) million compared to net income of $1.0 million in 2020.
- Adjusted EBITDA in the fourth quarter was $(3.0) million, compared to $1.6 million in the prior year period. For 2021, Adjusted EBITDA was $(0.7) million compared to $8.5 million in 2020.
- Ended 2021 with $34.1 million of Annual Recurring Revenue (ARR)1 in 2021.
Business Highlights
- Surpassed 45,000 customer accounts across enterprise, commercial, and multifamily verticals, reaching more than 72,000 business locations in 42 countries.
- Surpassed cumulative sales of over one million mobile access control credentials worldwide, expanding keyless building entry across enterprise, commercial, and multifamily properties.
- Brivo has focused on the growing trend of hybrid work and the need to provide critical data to business owners and security professionals as return to work protocols grow and evolve. To that end, in 2021 and to date in 2022, Brivo launched several major product innovations and partner integrations including:
1 Annual Recurring Revenue (ARR) represents the annualized end of period monthly recurring revenue. It is not a forecast of future revenue as it represents a historical single point in time metric.
About Brivo
Brivo, Inc., created the cloud-based access control and smart spaces technology category over 20 years ago and remains the global leader serving commercial real estate, multifamily residential and large distributed enterprises. The company's comprehensive product ecosystem and open API provide businesses with powerful digital tools to increase security automation, elevate employee and tenant experience, and improve the safety of all people and assets in the built environment. Brivo's building access platform is now the digital foundation for the largest collection of customer facilities in the world, occupying over 300 million square feet across 42 countries. On November 10, 2021, Brivo entered into a definitive merger agreement with Crown PropTech Acquisitions (NYSE: CPTK) that will result in Brivo becoming a publicly listed company on the New York Stock Exchange under the new ticker symbol "BRVS." Additional information about the transaction can be viewed here: www.brivo.com/about/investor-relations. Legal Disclaimer: https://www.brivo.com/about/investor-relations/legal-disclaimer/.
Non-GAAP Financial Information
This press release includes financial measures not presented in accordance with United States generally accepted accounting principles ("U.S. GAAP") including Adjusted EBITDA and other metrics derived therefrom. We define Adjusted EBITDA as net income (loss) excluding interest and income tax expense, depreciation and amortization and stock-based compensation.
We believe that that these measures provide an additional way of viewing aspects of our operations that, when viewed with the U.S. GAAP results, provide a more complete understanding of our results of operations and the factors and trends affecting our business. However, non-GAAP financial measures should be considered a supplement to, and not as a substitute for, or superior to, the corresponding measures calculated in accordance with U.S. GAAP. Non-GAAP financial measures used by us may differ from the non-GAAP measures used by other companies, including our competitors. We encourage investors and others to review our financial information in its entirety, not to rely on any single financial measure. The following table provides a reconciliation of net income (loss), the most directly comparable U.S. GAAP financial measure, to Adjusted EBITDA:
Forward Looking Statements
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of financial and performance metrics, projections of market opportunity and market share, expectations and timing related to commercial product launches, potential benefits of the proposed business combination and the potential success of Brivo's go-to-market strategy, and expectations related to the terms and timing of the proposed business combination. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Brivo's and Crown's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Brivo and Crown. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the proposed business combination, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed business combination or that the approval of the shareholders of Crown or Brivo is not obtained; the lack of third party valuation in determining whether or not to pursue the proposed business combination; failure to realize the anticipated benefits of the proposed business combination; risks relating to the uncertainty of the projected financial information with respect to Brivo; the risk that the conditions to the financing for the proposed business combination may not be satisfied or waived; the effect of the announcement or pendency of the proposed business combination on Brivo's business relationships, performance and business generally; risks that the proposed business combination disrupts current plans of Brivo and potential difficulties in Brivo employee retention as a result of the proposed business combination; the ability to implement business plans, forecasts and other expectations after the completion of the proposed business combination, and identify and realize additional opportunities; Brivo's ability to attract and retain customers; the combined company's ability to up-sell and cross-sell to customers, including the success of Brivo's customers' development programs, which will drive future revenues; the ability of the combined company to compete effectively and its ability to manage growth; the amount of redemption requests made by Crown's public shareholders; the ability of Crown or the combined company to issue equity or equity-linked securities in connection with the proposed business combination or in the future; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; the risk that the combined company's securities will not be approved for listed on the New York Stock Exchange or if approved, maintain the listing; and those factors discussed in Crown's final prospectus dated February 8, 2021 and Annual Report on Form 10-K for the year ended December 31, 2021, and the preliminary proxy statement/prospectus of Crown related to the proposed business combination, in each case, under the heading "Risk Factors," and other documents of Crown filed, or to be filed, with the Securities and Exchange Commission ("SEC"). If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Crown nor Brivo presently know or that Crown and Brivo currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Crown's and Brivo's expectations, plans or forecasts of future events and views as of the date of this presentation. Crown and Brivo anticipate that subsequent events and developments will cause Crown's and Brivo's assessments to change. However, while Crown and Brivo may elect to update these forward-looking statements at some point in the future, Crown and Brivo specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Crown's and Brivo's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Additional Information About the Proposed Business Combination and Where To Find It
The proposed business combination will be submitted to shareholders of Crown for their consideration. Crown has filed a registration statement on Form S-4 (the "Registration Statement") with the SEC which includes a preliminary proxy statement to be distributed to Crown's shareholders in connection with Crown's solicitation for proxies for the vote by Crown's shareholders in connection with the proposed business combination and other matters as described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to Brivo's shareholders in connection with the completion of the proposed business combination. After the Registration Statement has been declared effective, Crown will mail a definitive proxy statement and other relevant documents to its shareholders as of the record date established for voting on the proposed business combination. Crown's shareholders and other interested persons are advised to read the preliminary proxy statement / prospectus and any amendments thereto and, once available, the definitive proxy statement / prospectus, in connection with Crown's solicitation of proxies for its special meeting of shareholders to be held to approve, among other things, the proposed business combination, because these documents contain important information about Crown, Brivo and the proposed business combination. Shareholders may also obtain a copy of the preliminary or definitive proxy statement, once available, as well as other documents filed with the SEC regarding the proposed business combination and other documents filed with the SEC by Crown, without charge, at the SEC's website located at www.sec.gov or by directing a request to 667 Madison Avenue, 12th Floor, New York, NY 10065, attention: Nikki Sacks.
INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
Participants in the Solicitation
Crown, Brivo and certain of their respective directors, executive officers and other members of management, employees and consultants may, under SEC rules, be deemed to be participants in the solicitations of proxies from Crown's shareholders in connection with the proposed business combination. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of Crown's shareholders in connection with the proposed business combination set forth in Crown's proxy statement / prospectus filed with the SEC. You can find more regarding the participants in the proxy solicitation and a description of their direct and indirect interests in the proxy statement / prospectus. Shareholders, potential investors and other interested persons should read the proxy statement / prospectus carefully before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.
No Offer or Solicitation
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
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| 2022-04-20T12:33:30Z
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The World's Leading Beer Company is Helping Provide Renewable Electricity to Power Bars, Stadiums and Venues Around the World
LEUVEN, Belgium, April 20, 2022 /PRNewswire/ -- Budweiser, an AB InBev global brand, today unveiled the global launch of The Energy Collective to help provide renewable electricity to bars, music venues and stadiums around the world. This launch follows and contributes to Budweiser parent company AB InBev's recently announced ambition to achieve net zero across its value chain by 2040.
To date, the producers of Budweiser have converted more than 2,000 local pubs in Brazil and Ireland to renewable electricity. In Brazil, renewable electricity is supplied by Lemon Energy to business owners which has already reduced carbon dioxide emissions by more than 291 tonnes annually. The Energy Collective's ambition for Brazil is to have 250,000 locations converted to renewable electricity by 2025, estimated to save 36,375 tons of carbon dioxide equivalent (CO2e) per year, which is equivalent to removing 7,991 cars from the road.
In 2015, Budweiser set out to brew every beer with 100% renewable electricity by 2025, taking the first step to a brighter future. Having already reached this goal in many markets, Budweiser is unveiling The Energy Collective to help connect bars, music venues and stadiums around the world to renewable energy sources. Budweiser's reach and resources, combined with its desire to make a positive impact on the planet, led to the decision to brew all beers with renewable electricity and the subsequent launch of The Energy Collective.
"Consumers crave a better world where the things they love are sustainable. The Energy Collective is helping facilitate the powering of things people love with renewable electricity, while helping close the gap between what consumers want and what companies can do," said Todd Allen, Vice President Global Marketing at Budweiser. "We're just getting started. Our bold dream is that every bar, venue and stadium in the world that serves Budweiser would be powered by renewable electricity."
Budweiser supports AB InBev's ambition to achieve net zero across its value chain by 2040. As part of this, The Energy Collective will help enable pub owners to reduce emissions by converting to 100% renewable electricity, and help facilitate renewable electricity to those who may not have access at a more affordable rate.
"When Budweiser decided to brew beer with renewable electricity, we knew there was so much more we could be doing in the renewable space as a global brand. Launching The Energy Collective allows us to help businesses around the world, leveraging our scale to enable our customers to obtain more sustainable power at more affordable rates," said Ezgi Barcenas, Chief Sustainability Officer at AB InBev.
Energy bills are often one of the highest costs for bars. The Energy Collective, in partnership with a local energy provider, could offer cost savings while providing access to renewable energy infrastructure. The Energy Collective will help advance Budweiser's mission of powering the things consumers love with renewable electricity.
"By being connected to renewable electricity via local providers through The Energy Collective, I've already been able to reduce my monthly electricity costs by about 10 percent," said Will Morgan, General Manager of Jerry Flannery's in Limerick, Ireland. "It's also been a conversation starter with many of my customers to discuss the importance of renewable electricity and creating a brighter future for us all."
The Energy Collective is now facilitating connection to renewable electricity in select countries including Ireland and Brazil and will be piloting the program in Colombia in 2022. Budweiser is exploring opportunities in additional countries including the UK, Chile, Uruguay and more.
About Anheuser-Busch InBev and Budweiser
Anheuser-Busch InBev is a publicly traded company (Euronext: ABI) based in Leuven, Belgium, with secondary listings on the Mexico (MEXBOL: ANB) and South Africa (JSE: ANH) stock exchanges and with American Depositary Receipts on the New York Stock Exchange (NYSE: BUD). As a company, we dream big to create a future with more cheers. We are always looking to serve up new ways to meet life's moments, move our industry forward and make a meaningful impact in the world. We are committed to building great brands that stand the test of time and to brewing the best beers using the finest ingredients. Our diverse portfolio of well over 500 beer brands includes global brands Budweiser®, Corona® and Stella Artois®; multi-country brands Beck's®, Hoegaarden®, Leffe® and Michelob ULTRA®; and local champions such as Aguila®, Antarctica®, Bud Light®, Brahma®, Cass®, Castle®, Castle Lite®, Cristal®, Harbin®, Jupiler®, Modelo Especial®, Quilmes®, Victoria®, Sedrin®, and Skol®. Our brewing heritage dates back more than 600 years, spanning continents and generations. From our European roots at the Den Hoorn brewery in Leuven, Belgium. To the pioneering spirit of the Anheuser & Co brewery in St. Louis, US. To the creation of the Castle Brewery in South Africa during the Johannesburg gold rush. To Bohemia, the first brewery in Brazil. Geographically diversified with a balanced exposure to developed and developing markets, we leverage the collective strengths of approximately 169,000 colleagues based in nearly 50 countries worldwide. For 2021, AB InBev's reported revenue was 54.4 billion USD (excluding JVs and associates).
Budweiser is a medium-bodied, flavorful, crisp American-style lager. Brewed with the best barley mallet and a blend of premium hop varieties, Budweiser is an icon of optimism and celebration which is enjoyed in over 60 countries around the world and is committed to brewing every Budweiser with 100% renewable energy by 2025.
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https://www.whsv.com/prnewswire/2022/04/20/budweiser-launches-energy-collective-help-power-world-with-renewable-electricity/
| 2022-04-20T12:33:39Z
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EMERYVILLE, Calif., April 20, 2022 /PRNewswire/ -- Canopy Health is pleased to announce the addition of AHMC Seton Medical Center (Daly City) and AHMC Seton Coastside to its network alliance effective April 15, 2022. AHMC Seton Medical Center has been serving the health care needs of northern San Mateo since its founding as Mary's Help Hospital in 1893 and is recognized for its stroke treatment, cardio-vascular excellence, including STEMI certification. AHMC Seton Coastside operates the only 24-hour, stand-by emergency department on the Pacific Coast between Daly City and Santa Cruz. "AHMC Seton Medical Center and AHMC Seton Coastside are great additions to our strong network of hospitals in the Bay Area which includes UCSF Health, Dignity Health, John Muir Health and many others," says Canopy Health Chief Network Development Officer, Chandra Welsh. "We partner with UnitedHealthcare and Health Net to offer more affordable access to Canopy Health's strong network of hospitals and medical groups, which now includes AHMC Seton Medical Center and AHMC Seton Coastside."
With this addition, the Canopy Health network now encompasses 25 distinguished Bay Area hospitals. A feature unique to Canopy Health is the Alliance Referral Program which empowers members to seek referrals for care anywhere in the Canopy Health network. This program allows members convenient access to care where they live, work and play.
"We are excited to provide quality services to Canopy members", stated Sarkis Vartanian, Administrator. "In addition to our Emergency Room and Surgery Department, we offer a wide range of services including but not limited to Imaging/Radiology tests, Laboratory, and Women's Health Services. We have also received American Heart Association recognition for our Cardiac and Stroke services."
Members accessing AHMC Seton Medical Center and AHMC Seton Coastside will be referred in through their physicians at Hill Physicians Medical Group, the largest independent physician association in Northern California. "We are pleased to see the addition of AHMC Seton Medical Center and AHMC Seton Coastside to Canopy Health's alliance, bringing greater access to high-quality care for the San Mateo community," says David Joyner, CEO of Hill Physicians and a Canopy Health Board Member.
About Canopy Health
Canopy Health is a physician- and hospital-owned medical alliance that delivers a refreshing approach to healthcare by providing transparent, affordable care from a network of exceptional physicians, hospitals and providers.
Incorporated in March 2015, as an affiliation between UCSF Health and John Muir Health, including ownership and leadership by Hill Physicians Medical Group and John Muir Medical Group, Canopy Health developed a unique mission. Our mission is to provide a top-quality continuum of care across the Bay Area through strong alliances with primary care providers, top-tier academic medical facilities, community hospitals, and medical groups. Every day we work to improve access, affordability, quality and member experience. Canopy Health currently includes five large physician groups and 25 participating hospitals across nine Bay Area counties.
Media Contact:
Cameron Ghazzagh
Vice President, Marketing & Business Development
Cameron.Ghazzagh@canopyhealth.com
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SOURCE Canopy Health
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https://www.whsv.com/prnewswire/2022/04/20/canopy-health-network-expands-access-san-mateo-county-with-addition-seton-hospitals/
| 2022-04-20T12:33:45Z
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- RideShift, the e-commerce brand powered by Capital Automotive Group, offers customers in the Carolinas and nation-wide a fully automated, shop-to-buy-to-delivery experience in a matter of minutes.
- RideShift provides customers with the visibility to see pre-qualified payments on thousands of pre-owned vehicles in inventory, and compare them by make, model, monthly payment and more.
- Former NFL linebacker, Luke Kuechly, says RideShift exceeds other players in the market by offering confidence and advantages such as no haggle shopping on customer's terms, flexible and personalized purchase, and generous return, warranty, and delivery options.
RALEIGH, N.C., April 20, 2022 /PRNewswire/ -- Capital Automotive Group today announced the launch of RideShift, a powerful, new dimension of car shopping, that uniquely leverages AI and exemplary customer service before, during and after the sale of a vehicle. Serving the Carolinas for nearly four decades across 29 full-service dealerships, RideShift expands Capital Automotive Group's reputation for excellence with a fully online, automated, pre-owned vehicle e-commerce site, across 20 participating locations. The site enables consumers to find, finance and purchase a vehicle in a matter of minutes and schedule vehicle delivery or curbside pick-up—whatever the car buyer desires.
"We know that each of our customers is unique, and they want car buying to be more convenient—less haggle, less hassle, and less negotiations. RideShift makes the vehicle purchase transaction easy and enables our dealership to reach customers who may not have thought about us before this option in buying fully online," said Curtis Driver, director of operations, RideShift. "The automotive industry is not immune to disruption be it supply chain or new players, underscoring why innovation and resiliency are essential to business longevity. RideShift enables Capital Automotive Group to transform our business into a true e-commerce offering and has positioned us to be at the forefront of this market transition."
"With RideShift, Capital Automotive Group customers have straightforward, flexible purchase options, such as Delivery or Curbside Pickup," said Luke Kuechly, former Carolina Panther, and local resident. "RideShift's range of customer convenience options—well beyond those of new market players—enable customers to shop how they want, when they want and where they want – all while doing business with people they know and trust."
RideShift will be introduced via a regional consumer campaign featuring Kuechly, who is highly respected both on and off the playing field for his hard-working, straight-shooter image which aligns perfectly with RideShift's customer value proposition. Through engaging ads, the partnership between Kuechly and RideShift will educate and excite customers about key benefits:
- Ease of shopping, car comparisons, and automated financing with Precise Payments
- Safe and secure environment to complete and sign all deal paperwork and make payments remotely
- AI-powered technology delivering transparent pricing at vehicle and full deal structure level
- 20 delivery centers across North Carolina for pickup or delivery and service needs
- Seven-day return policy, maximum of 500 miles, three-month or three-thousand-mile warranty, and free delivery within the Carolinas and delivery available throughout the continental U.S.
RideShift uses Cox Automotive's state-of-the-art Esntial Commerce™ technology to move the consumer through the buying process faster and more seamlessly than any other online buying experience. It integrates a wide array of Cox Automotive platforms into one centralized and sophisticated tool that benefits both the retailer and customer. AI-powered shopping features and patent-pending finance automation enable customers to see pre-qualified payments on every vehicle in inventory and shop by make, model, price, and monthly budget.
"RideShift complements our efforts to build a robust and sustainable automotive industry in the Carolinas that is affordable, profitable and equitable for all involved," commented Lindsey Michael Longo, chief operating officer, RideShift. "As with every Capital Automotive Group initiative, it is about products, service to our customers, and the community. RideShift underscores all of this by transforming the car buying experience unlike anything else available in our market. We are thrilled to be one of the first automotive groups to offer this optimized experience and dedicated level of customer service that nobody else can come close to competing with."
About Capital Automotive Group
With 29 full-service dealerships across the Carolinas, Capital Auto Group offers sales and service excellence before, during and after purchase on a wide range of used and new models for lease or purchase from Buick, GMC, Chevrolet, Chrysler, Dodge, Ford, Hyundai, Jeep, Kia, Lincoln, Mazda, Nissan, RAM, Subaru, and Genesis. For more information on Capital Automotive Group, visit https://capitalautogroup.com/.
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SOURCE Capital Automotive Group
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https://www.whsv.com/prnewswire/2022/04/20/capital-automotive-group-launches-rideshift-new-fully-online-car-buying-solution-with-endorsement-partner-former-carolina-panther-luke-kuechly/
| 2022-04-20T12:33:52Z
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Three days of Earth Day deals, sweepstakes, discounts and more
LAKEWOOD, Colo., April 20, 2022 /PRNewswire/ -- Natural Grocers® is pleased to announce the culmination of its month-long Earth Day celebration with three days of special Earth Day Deals, April 22-24th. Customers are invited to shop for fantastic Earth Day deals, enjoy special in-store programming, (including the Beyond Pesticides fundraising program) gift card giveaways, and more!
DISCOUNTS, GIVEAWAYS, SWEEPSTAKES & {N}POWER® PERKS
Customers will enjoy special Earth Day Deals from April 22–24 on eco-friendly products such as Stasher® reusable silicone bags, Natural Grocers® Brand cleaning products, Endangered Species Chocolate®, Equal Exchange Organic Coffee®, Green Goblin® vinegar weed killer, and much more! [i]
{N}POWER FAMILY PERKS
Members of {N}power, Natural Grocers' free loyalty program, will have access to additional promotions throughout April, with special consideration on Daily Doorbuster Deals, April 22 – 24.*
- April 22 – 24: {N}power members will receive a free limited-edition Ladybug Love reusable bag and free sticker with purchase. [ii]
- April 22–24: {N}power members will be treated to exclusive daily doorbuster deals on select fan-favorite products,[iii] limit of two each:
*{N}power, Natural Grocers' loyalty program is free to join and offers exclusive discounts, digital coupons, rewards benefits, and other members-only features. Customers can sign up for {N}power here or by texting 'organic' to 72345.[iv]
EARTH DAY GIVEAWAYS & SWEEPSTAKES
- April 22: One Natural Grocers Brand cleaning product will be randomly given out at checkout at all stores.[v]
- April 22-24: Customers can enter for a chance to win Natural Grocers gift cards by filling out an entry form in-person at their local store. [vi]
GIVEAWAYS & SWEEPSTAKES THROUGH APRIL
- Customers have a chance to win a "Tree-T Yourself, Outdoor Adventure" grand prize package, courtesy of Endangered Species Chocolate®, which includes:
- Customers can enter for a chance to win Natural Grocers gift cards by filling out an entry form in-person at their local store.[vii]
- Customers are invited to count the ladybugs placed throughout the pages of the April 2022 Natural Grocers good4u® Health Hotline® magazine, for the chance to win a $500 Natural Grocers gift card.
BEYOND PESTICIDES & LADYBUG LOVE
Through the month of April, Natural Grocers is also celebrating the fifth year of Ladybug Love. This annual campaign aims to bring awareness to the precious insects that play a crucial role in the stability of our food supply and regenerative farming. Fundraising efforts will benefit a nonprofit partner, Beyond Pesticides, for its Organic Parks Projects to help reduce synthetic pesticide use at local parks in Natural Grocers' communities.
TAKE THE PLEDGE & CONTRIBUTE
Natural Grocers invites customers to pledge for the first time or renew their commitment to protecting beneficial insects by committing not to use chemicals that harm ladybugs and other beneficial insects on their lawn or garden and support 100% organic produce. Natural Grocers' goal is to raise $250,000 in April for Beyond Pesticides through the following in-store fundraising opportunities:
- Natural Grocers will donate $1.00 to Beyond Pesticides for every Ladybug Love pledge signed, whether it's a first-time signer or a renewed pledge, from April 1 – 30. [IX]
- For every Ladybug Zip Pouch sold in April, Natural Grocers will donate $2 to Beyond Pesticides.
- Customers will have the opportunity to make contributions to Beyond Pesticides ($1, $5 or $10) upon checkout at any one of Natural Grocers' 162 store locations nationwide.
BEYOND EARTH MONTH
Natural Grocers believes in advocating for the Earth year-round. The Company makes every effort to base its product standards on relevant scientific evidence to best support the sustainability and health of the food system, Crew members, and its communities. It is committed to continuing to drive higher product standards within the industry, while maintaining "Always AffordableSM Pricing" to its customers.
- Check out the latest deals at www.naturalgrocers.com.
- Follow Natural Grocers on Facebook, Instagram and Twitter for recipes, tips, local events and discount reminders.
- For media requests and/or press inquiries, please contact Katie Macarelli: kmacarelli@naturalgrocers.com.
ABOUT NATURAL GROCERS BY VITAMIN COTTAGE
Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) is an expanding specialty retailer of natural and organic groceries, body care products, and dietary supplements. The products sold by Natural Grocers must meet strict quality guidelines and may not contain artificial colors, flavors, preservatives or sweeteners, or partially hydrogenated or hydrogenated oils. The Company sells only USDA-certified organic produce and exclusively pasture-raised, non-confinement dairy products, and free-range eggs. Natural Grocers' flexible smaller-store format allows it to offer affordable prices in a shopper-friendly, clean, and convenient retail environment. The Company also provides extensive free science-based Nutrition Education programs to help customers make informed health and nutrition choices. The Company, founded in 1955, has 162 stores in 20 states. Visit www.NaturalGrocers.com for more information and store locations.
[i] Offers valid only from 4/22/2022 – 4/24/2022 for in-store customer purchases at participating stores and cannot be combined with other offers. Quantity limited to stock on hand; no rain checks. Pricing excludes taxes and is subject to change without notice. We reserve the right to correct errors. Void where prohibited by law.
[ii] Limit one per {N}power customer. Valid 4/22/21 – 4/24/21 only while supplies last. No rainchecks. {N}power offers available only to registered members and are subject to program terms and conditions available at www.naturalgrocers.com/npower.
[iii] Limit two per [N}power customer. Valid 4/22/21 – 4/24/21 only while supplies last. No rainchecks. {N}power offers available only to registered members and are subject to program terms and conditions available at www.naturalgrocers.com/npower.
[iv] Message and data rates may apply. See naturalgrocers.com/privacy for our Privacy Policy and naturalgrocers.com/terms for the {N}Power terms of use.
[v] Giveaway includes one Natural Grocers Brand Organic Cleaning Product (of store's choosing) randomly given away at checkout. Offer valid on April 22 only. Limit one per store per hour at checkout. Offer valid only while supplies last. No rain checks.
[vi] No purchase necessary. A purchase will not increase your chances of winning. Open only to legal residents of the 50 United States and the District of Columbia, 18 years or older. Void where prohibited by law. NGVC employees and their families are not eligible to win. Maximum one entry per person per prize category. Sweepstakes starts 4/1/2022 and ends on 4/30/2022. For official rules and complete details, visit www.naturalgrocers.com/sweepstakes. Sponsor: Vitamin Cottage Natural Food Markets, Inc.
[vii] No purchase necessary. A purchase will not increase your chances of winning. Open only to legal residents of the 50 United States and the District of Columbia, 18 years or older. Void where prohibited by law. Contest starts 4/1/2022 and ends on 4/30/2022. For official rules and complete details, visit www.chocolatebar.com/natural-grocers-earth-day-contest/. Sponsor: Endangered Species Chocolate, Inc. Customers can also enter online at www.chocolatebar.com/natural-grocers-earth-day-contest/.
[viii] No purchase necessary. A purchase will not increase your chances of winning. Open only to legal residents of the 50 United States and the District of Columbia, 18 years or older. Void where prohibited by law. NGVC employees and their families are not eligible to win. Maximum one entry per person per prize category. Sweepstakes starts 4/1/2022 and ends on 4/30/2022. For official rules and complete details, visit www.naturalgrocers.com/sweepstakes. Sponsor: Vitamin Cottage Natural Food Markets, Inc.
[ix] Pledge must be made between 4/1/2022 - 4/30/2022 at naturalgrocers.com/ladybuglove to qualify for matching donation. Vitamin Cottage Natural Food Markets, Inc. will make a matching donation of up to $25,000 in support of the $250,000 Beyond Pesticides Fundraiser.
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SOURCE Natural Grocers by Vitamin Cottage, Inc.
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https://www.whsv.com/prnewswire/2022/04/20/celebrate-earth-day-with-natural-grocers-april-22nd-24th/
| 2022-04-20T12:33:58Z
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