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NEW YORK, April 20, 2022 /PRNewswire/ -- This National Volunteer Month, Catchafire.org, alongside its dedicated volunteers, is celebrating the milestone of reaching over one million volunteer hours. It started with an idea: Catchafire Founder, Rachael Chong, sought to create an innovative pathway for her colleagues to volunteer with organizations they care about. Little did she know that this once small group of coworkers would grow to a pool of thousands of worldwide volunteers who would deliver over one million volunteer hours. Ten years in, Catchafire has matched pro bono talent with nonprofits on more than 30,000 project collaborations and channeled more than $139 million of impact to the social good sector.
Catchafire makes it easy for talented professionals to give their skills to mission driven organizations in need. Nonprofits provide critical support to their communities, but limited budgets can block them from hiring the expert talent they need to operate most effectively. Skills-based volunteering bridges that gap.
"For people looking to give back, we provide a new kind of volunteering that helps anyone donate their skills and expertise to thousands of nonprofits serving every type of cause and community," says Matt Miszewski, Catchafire CEO.
A recent volunteer survey revealed that 65% of Catchafire's volunteer base reported having outside experience in the nonprofit sector. On average, Catchafire volunteers have eleven years of professional experience—bringing exceptional knowledge and expertise to consultation calls and projects such as marketing collateral, strategic planning, fundraising event support, IT training, professional development, and more.
Reaching 1 million volunteer hours isn't just a reflection of volunteers who sign up to complete one project, then leave. Catchafire volunteers create lasting relationships, with over half staying involved with nonprofits beyond the initial nonprofit match and first project. A majority end up joining the organization in an advisory role, while others become donors, or join the Board of Directors.
As Catchafire grows and enters into new communities, the social impact organization looks ahead to reaching its next milestone. Matt goes on to share, "We absolutely would not have reached this pivotal milestone without our volunteers. They are the foundation of Catchafire, and simply put, they are what allows us to do what we do. Our ecosystem of impact is growing and as more volunteers join our platform, we're looking forward to reaching 2 million hours volunteered at full speed ahead."
If you'd like to contribute to Catchafire's journey to 2 million volunteer hours unfold, sign up as a volunteer. If you're interested in bringing Catchafire to your grantees and nonprofit community, email us at partnerships@catchafire.org.
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https://www.whsv.com/prnewswire/2022/04/20/volunteers-catchafire-facilitate-national-response-local-challenges/
| 2022-04-20T19:34:51Z
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Strengthens DDR3 SDRAM Roadmap, Production Capacity and Customer Support to Meet Growing Industry Demand with ultra-high-speed performance
TAICHUNG, Taiwan, April 20, 2022 /PRNewswire/ -- Winbond Electronics Corporation, a leading global supplier of semiconductor memory solutions, today announced key enhancements to its DDR3 product on the ultra-high-speed performance.
Winbond's 1.35V DDR3 products support 2133Mbps data rate in both x8 and x16 configurations and are 100% compatible to 1.5V DDR3. Winbond's DRAM roadmap now supports 1Gb-4Gb DDR3, 128Mb-2Gb DDR2, 512Mb-2Gb LP-DDR2, as well as LP-DDR4x, LP-DDR3, LP-DDR, SDRAM interfaces for applications which require 4Gb or below densities DRAM products, such as AI accelerator, IoT, Automotive, Industrial, Tele-communication, WiFi-6, WiFi-6e, xDSL, Fiber-Optical Network, Smart TV, Set-Top-Box, IP camera and many others. Winbond is also adding new wafer capacity in the new fab in Kaohsiung, Taiwan from 2022 Q4 that offers more advanced manufacturing technologies. Now, Winbond DDR3 shipments is 30% of total DRAM revenue and is projected to increase to 50% in 2024.
"Winbond has been delivering competitive DDR3 products for 10 years and will keep delivering DDR3 in coming 10+ years with superior customer support and product quality," says Winbond. "Today, our customers continue to require DDR3 SDRAM products and our goal is to continue that proven legacy to ensure we can meet customer longevity demand," Winbond added.
For more information on Winbond's DDR3 products, visit https://www.winbond.com/hq/product/specialty-dram/ddr3-sdram/?__locale=en.
Winbond Electronics Corporation is a total memory solution provider. The Company provides customer-driven memory solutions backed by the expert capabilities of product design, R&D, manufacturing, and sales services. Winbond's product portfolio, consisting of Specialty DRAM, Mobile DRAM, Code Storage Flash, and TrustME® Secure Flash, is widely used by tier-1 customers in communication, consumer electronics, automotive and industrial, and computer peripheral markets. Winbond is headquartered in Central Taiwan Science Park (CTSP), and it has subsidiaries in the USA, Japan, Israel, China and Hong Kong, and Germany. Based on Taichung and new Kaohsiung 12-inch fabs in Taiwan, Winbond keeps pace to develop in-house technologies to provide high-quality memory IC products.
Winbond is a registered trademark of Winbond Electronics Corporation. All other trademarks and copyrights mentioned herein are the property of their respective owners.
Product Contact
Sierra Lai
DRAM Director
TEL: +886-3-567-8168 Ext.75373
E-mail: WCLai0@winbond.com
News Contact
Yulia Lee
Marcom Manager
TEL: +886-3-567-8168 ext.75395
E-mail: YLLi5@winbond.com
Spokesperson
Jessica Chiou-Jii Huang
Chief Financial Officer
TEL: +886-3-567-8168/+886-987-365-682
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SOURCE Winbond Electronics Corporation
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https://www.whsv.com/prnewswire/2022/04/20/winbond-keeps-expanding-ddr3-sdram-production/
| 2022-04-20T19:34:58Z
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Mary Ellen Stanek of Baird is named Outstanding Portfolio Manager; PRIMECAP is recognized for Exemplary Stewardship
CHICAGO, April 20, 2022 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today announced winners of the 2022 U.S. Morningstar Awards for Investing Excellence. The awards recognize portfolio managers and asset management firms who demonstrate the industry's very best attributes, including investment skill and an alignment of interests with the strategies' investors.
Morningstar selects leaders in two categories: Outstanding Portfolio Manager and Exemplary Stewardship. The winners will be featured on CNBC's "Power Lunch" program today.
"Our 2022 winners stand out for their investing acumen and commitment to helping investors meet their goals," said Sarah Bush, Morningstar's director of manager research, North America. "Their long-term approach with a focus on fundamental research separates them from industry peers."
The 2022 U.S. Morningstar Awards for Investing Excellence winners are:
Outstanding Portfolio Manager: Mary Ellen Stanek, Baird
In her more than 22 years at Baird Asset Management, Stanek has stayed true to her disciplined and risk-aware approach, thoughtfully navigating various market environments. As co-CIO of the firm, Stanek leads all of Baird's taxable fixed-income strategies, including Baird Core Plus Bond and Baird Aggregate Bond, which have attracted strong flows and have generated impressive returns over Stanek's tenure.
"Under Mary Ellen's leadership, her team has remained tight-knit while growing steadily and expanding its business," said Gabriel Denis, senior manager research analyst at Morningstar. "Long before it was the industry norm, Mary Ellen and her team launched strategies with some of the lowest fees, signifying her 'investors first' mindset."
Exemplary Stewardship: PRIMECAP
PRIMECAP's five portfolio managers are veterans with proven track records and a long-term strategy for the firm. PRIMECAP generally follows a growth-oriented philosophy that has yielded strong results, and its offerings are very competitively priced.
"PRIMECAP represents best-in-class asset management in numerous respects," said Alec Lucas, manager research strategist at Morningstar. "Its multimanager approach to running its strategies helps with capacity management, succession planning, and portfolio-manager transitions. Investors benefit from this thoughtful and focused approach."
Read more about the winners on Morningstar.com here. Live updates from the award announcement will be available on Twitter at https://twitter.com/MorningstarInc or through the hashtag, #MstarAwards.
Morningstar has granted annual awards to accomplished portfolio managers since 1988. The Morningstar Awards for Investing Excellence winners are chosen based on research and in-depth qualitative evaluation by Morningstar's manager research group. The full methodology for the awards is available here. For more information about Morningstar Awards, visit https://go.morningstar.com/Morningstar-Awards.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers and owners, retirement plan providers and sponsors, and institutional investors in the debt and private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $265 billion in assets under advisement and management as of Dec. 31, 2021. The Company has operations in 29 countries. For more information, visit www.morningstar.com/company. Follow Morningstar on Twitter @MorningstarInc.
Morningstar's Manager Research Group consists of various wholly owned subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC. Morningstar's Manager Research Group produces various ratings and assessments including the Morningstar Analyst Rating and the Morningstar Quantitative Rating. The Morningstar Analyst Rating is derived from a qualitative assessment process performed by a manager research analyst, whereas the Morningstar Quantitative Rating uses a machine-learning model based on the decision-making processes of Morningstar's analysts, their past ratings decisions, and the data used to support those decisions. In both cases, the ratings are forward-looking assessments and include assumptions of future events, which may or may not occur or may differ significantly from what was assumed. The Morningstar Analyst Ratings and Morningstar Quantitative Ratings are statements of opinions, subject to change, are not to be considered as guarantees, and should not be used as the sole basis for investment decisions. This press release is for informational purposes only; references to securities should not be considered an offer or solicitation to buy or sell the securities.
©2022 Morningstar, Inc. All Rights Reserved.
MORN-R
Morningstar Media Contact:
Michael Claussen, +1 312 244-7239 or newsroom@morningstar.com
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https://www.whsv.com/prnewswire/2022/04/20/winners-announced-2022-us-morningstar-awards-investing-excellence/
| 2022-04-20T19:35:07Z
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JACKSONVILLE, Fla., April 20, 2022 /PRNewswire/ -- Wounded Warrior Project® (WWP) today held a news conference outside its Jacksonville headquarters to advocate for Congressional passage of a bill to help veterans exposed to toxic substances while serving our country. The comprehensive legislation – the Honoring Our PACT Act – is pending in the U.S. Senate and would ensure that veterans who get sick due to toxic exposures get the care and benefits they need and deserve.
EDITOR'S NOTE: Broadcast-quality video footage from today's event is available for downloading here.
"For years, millions of post-9/11 veterans were exposed to open-air burn pits," Wounded Warrior Project CEO Lt. Gen. (Ret.) Mike Linnington said at today's event. "The military used burn pits to dispose of trash, spent munitions, equipment, and pretty much everything needed in often remote theaters of operation. These burn pits often resulted in huge plumes of black, toxic smoke that many servicemen and women then inhaled into their bodies."
"These prolonged exposures have serious health consequences – cancers, disabling respiratory conditions, and other illnesses," Linnington explained. "And far too many who are suffering still lack access to the health care and benefits they need because they can't prove that their health problems are connected to their service. This cannot continue."
Linnington announced that WWP is sending e-mail action alerts to more than 200,000 warriors and family support members in its network. The action alerts will directly connect citizens with their U.S. Senators, who will decide the future of the Honoring Our PACT Act. The U.S. House of Representatives passed the bill in bipartisan fashion on March 3.
Linnington was joined at today's event by dozens of area veterans and Jacksonville-based WWP staff. Army veteran Andrew Myatt of Arlington, Virginia, talked about his personal experiences with toxic exposures, as well as the serious health impacts that he's witnessed among his fellow former service members.
"I didn't initially connect my cancer to my time in the military, even though I had skin rashes and coughed up brown stuff for years after returning to the states," said Myatt. He was diagnosed with rare leukemia in 2019 after a routine physical. "I was fortunate to have good health care from my job … but many veterans don't have that access to health care. That's why this bill is so important," he said.
Following today's event in Jacksonville, Marine Corps veteran and WWP teammate Jeremy Matthews joined veterans advocate and entertainer Jon Stewart in speaking with additional journalists via Zoom.
"We have to keep the drumbeat going," Linnington concluded. "More citizens need to contact their Senators and tell them to pass the Honoring Our PACT Act before Memorial Day. Anyone can do that by visiting our website at WoundedWarriorProject.org."
Since 2003, Wounded Warrior Project® (WWP) has been meeting the growing needs of warriors, their families, and caregivers — helping them achieve their highest ambition. Learn more.
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SOURCE Wounded Warrior Project
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https://www.whsv.com/prnewswire/2022/04/20/wounded-warrior-project-announces-national-grassroots-push-supporting-toxic-exposure-legislation/
| 2022-04-20T19:35:13Z
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Police: Fatal house fire in Clay Twp. caused by careless smoking
The cause of a fatal fire in Clay Township earlier this month has been ruled accidental.
Rescue crews responded to the 7300 block of Bealane Road shortly after 8 p.m. April 13 for a report of heavy smoke and a house fire.
While firefighters battled the fire, emergency crews found an unresponsive man who was later identified as the only resident of the home. The 90-year-old man was removed from the home and pronounced dead on scene by Tri-Hospital EMS, police have said.
Clay Township Police Chief Michael Koach said an investigation by the township's police and fire departments and St. Clair County Fire Investigative Team determined the fire was caused by careless smoking.
The man's death was ruled accidental, as he died as a result of the fire, Koach said.
Ira Township and Algonac fire departments also responded to the scene.
Contact Laura Fitzgerald at (810) 941-7072 or lfitzgeral@gannett.co
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https://www.thetimesherald.com/story/news/2022/04/20/police-fatal-house-fire-clay-twp-caused-careless-smoking/7383908001/
| 2022-04-20T20:08:03Z
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Sandusky Community Schools votes to retire its mascot, will drop the Redskins nickname
It's the beginning of a new chapter in Sandusky.
The Sandusky Community Schools Board of Education voted to retire its Redskin mascot at the end of the current school year on Monday night. The decision was first reported by Sanilac County News.
"After months of discussion, (the board) felt that it was time to take a vote," said Paul Flynn, the superintendent of Sandusky Community Schools. "So the motion was made to respectfully retire the mascot. When it was brought to a vote it passed 6-1."
Robert Hassler was the lone dissenting vote.
Sandusky has been known as the Redskins since 1940. It's one of two schools in Michigan that still uses the nickname, with the other being Camden-Frontier.
"Honestly I wasn't surprised," said Ashton Phillips, a senior at Sandusky High School who plays basketball and baseball. "I've been hearing for years now that they were considering getting rid of it."
The most recent discussion began last September, when the board commissioned Flynn to gather information about Native American mascots and their impact on today's society.
A survey was sent out to parents, students and staff in October and asked for their input. The board then welcomed feedback from the larger community in November. Last month, a representative from the Saginaw Chippewa Indian Tribe gave a presentation to the board about the historical use of Native American mascots.
"What I've been telling everybody is that it's not like we're condemning the mascot of the Redskin," Flynn said. "We're recognizing the past, but we also recognize that society's viewpoints have changed. It's important for us to be a part of that change and move forward choosing a mascot that the students can be proud of wherever they go — and not have to defend their mascot if questioned. No kid should have to do that."
"I think it's upsetting for a lot of people," Phillips said. "Just because ever since I played sports I've been a Redskin. But it's also exciting too that we'll have a new mascot."
Now that a decision has been made, the next step in building a new brand is underway. Flynn will create a committee of 12 students (between seventh and 11th grade) that will determine criteria for the new mascot and how it'll be selected. He asked teachers on Tuesday to recommend students for the job.
Once that group is formed, it'll accept suggestions from anyone in the Sandusky community.
"That committee will go through those and discuss them amongst the criteria that they agreed upon earlier," Flynn said. "And then either whittle it down to two or three to take in front of the board, or we may decide to do a school-wide student vote and then present that to the board."
The goal is to have a new mascot before the beginning of next school year. But that isn't a hard deadline.
"We want it grow organically and let the process drive the determination," Flynn said. "So if the process takes longer than a couple of months, then we're going to take a few more months. But we don't want to stretch it out so next year's senior class doesn't have some sort of identity attached to the new mascot."
There is one certainty — the school's colors will remain red and black.
"That's non-negotiable," Flynn said. "That's already been decided by the board."
It's too early to know how much this rebrand will cost. Flynn said the board has begun taking inventory of items that'll have to be replaced. It also plans to apply for a grant from the Michigan Native American Heritage Fund, which helps school districts financially replace such mascots. The board is searching for other grants as well.
"Over the past five years, we've gone away from identifying our uniforms with a mascot to just saying 'Sandusky' on them," Flynn said. "A few still have the Redskin logo and those will be replaced. What we do with those that we're replacing hasn't been decided yet.
"This has been a conversation for many years. If you're a Bulldog or a Viking or a Tiger, you're not having these conversations. It's time (for a new mascot). Yesterday morning, we were one of two school districts left in the state that were still the Redskins. Now there's one left."
Contact Brenden Welper at bwelper@gannett.com. Follow him on Twitter @BrendenWelper.
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https://www.thetimesherald.com/story/sports/2022/04/20/sandusky-to-retire-its-mascot-drop-redskins-nickname/7371909001/
| 2022-04-20T20:08:09Z
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...SMALL CRAFT ADVISORY NOW IN EFFECT UNTIL 6 AM HST THURSDAY...
* WHAT...Northeast to east winds to 25 kt.
* WHERE...Kauai Northwest Waters, Kauai Windward Waters, Kauai
Leeward Waters, Kauai Channel, Oahu Windward Waters, Oahu
Leeward Waters, Kaiwi Channel and Maui County Windward Waters.
* WHEN...Until 6 AM HST Thursday.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
&&
NEW YORK, NEW YORK - SEPTEMBER 25: A$AP Rocky performs onstage during the 2021 Governors Ball Music Festival at Citi Field on September 25, 2021 in New York City. (Photo by Taylor Hill/Getty Images for Governors Ball)
(CNN) -- A$AP Rocky was detained by police at Los Angeles International Airport on Wednesday in connection to a November 2021 shooting, according to a press release from the Los Angeles Police Department (LAPD).
On the night of Nov. 6, two acquaintances were arguing, according to the LAPD. "The argument escalated and resulted in the suspect firing a handgun at the victim. The victim sustained a minor injury from the incident and later sought his medical treatment. Following the shooting, the suspect and two additional males fled the area on foot," police said. "The suspect has been identified as 33-year-old Rakim Mayers, a Los Angeles resident, also known as music artist A$AP Rocky," according to police.
According to multiple reports, the rapper, who is the boyfriend of singer Rihanna, was returning to California from Barbados, where he was on vacation.
CNN has requested comment from the A$AP Rocky's representative.
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https://www.kitv.com/news/local/a-ap-rocky-detained-by-police-over-2021-shooting-incident/article_4433d084-c0cf-11ec-a7c5-b34e9ba62dd4.html
| 2022-04-20T20:08:17Z
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Breeze Airways to Introduce Nonstop Route from New Orleans to Savannah
NEW ORLEANS — Breeze Airways, a low-fare airline that debuted in May 2021, is adding a new nonstop route from New Orleans (MSY) to Savannah (SAV). One-way fares start at $59. Starting Sept. 9, days of service will be Monday and Friday.
Starting June 30, Breeze will also add one-stop/same plane service to New York City’s Westchester Airport (HPN), located about 30 miles north of Manhattan. Initial days of service will be Thursday, Saturday and Sunday and then will expand to include more days in the fall.
Created by JetBlue founder David Neeleman, Breeze provides service between 18 cities and 14 states. The low-fare carrier said it “merges kindness and technology to deliver ‘seriously nice’ nonstop service between secondary airports, bypassing hubs and saving guests time and money.” The airline recently announced an order of 80 A220-300 aircraft, the first of which will enter service in May.
Last May, the airline announced it would start with nine daily departures out of the new MSY terminal’s Concourse A. Local officials said at the time that the airline will make a capital investment of $6.6 million at MSY and will create 261 new direct jobs, with an average salary of $65,000. Flight crews, maintenance staff and aircraft for the routes will be based here.
“Our recovery from the COVID-19 pandemic is putting New Orleans on the best track to be one of the safest places to live and visit,” said New Orleans Mayor Cantrell in a press release. “This connection to new and more cities shows that not only are we a safe place to visit, but the right place to do business. MSY will continue to serve as a prominent gateway and aviation hub for the state and the Gulf South region.”
Local officials estimate the Breeze hub will result in an additional 877 new indirect jobs, for a total of more than 1,138 new jobs in the New Orleans area. The airline said it selected MSY as one of its initial destinations and bases of operations because of the city’s charms and proximity to other desirable destinations.
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https://www.bizneworleans.com/breeze-airways-to-introduce-nonstop-route-from-new-orleans-to-savannah/
| 2022-04-20T20:10:14Z
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Kimberly Gramm to Head Tulane’s New Innovation Institute
NEW ORLEANS — Tulane University has named Kimberly Gramm as the inaugural David and Marion Mussafer chief innovation and entrepreneurship officer. In this role, Gramm will lead the newly announced Tulane Innovation Institute, a multi-million-dollar, long-term project in downtown New Orleans whose mission is to improve lives locally and around the world by bringing to market the discoveries and ideas of Tulane faculty, researchers, staff and students, as well as those of innovators throughout our region. The Institute will support new venture creation and spur economic development and sustainability in the Greater New Orleans area.
As a veteran leader of university innovation and commercialization projects, Gramm has more than 14 years of early-stage technology venture development experience in Texas and Florida. She said her initiatives have launched more than 279 startups, which have attracted more than $470 million in investment capital. She is currently associate vice president of innovation and entrepreneurship at Texas Tech University, where she is responsible for leading economic and industry engagement, increasing startup development, expanding commercialization programs for faculty and students, and growing the university’s innovation district.
“Kimberly is passionate about developing, implementing and finding resources to support innovation and entrepreneurial programming for students, faculty and inventors,” said Tulane President Michael A. Fitts in a press release. “She is a community builder and a dynamic leader with a proven track record in creating best-in-class entrepreneurship education and technology hubs. We’re thrilled to welcome her to Tulane to launch the Innovation Institute, a critical initiative to transform the discoveries and ideas of Tulane and community innovators into successful ventures that benefit the entire region.”
Gramm said she’s been awarded more than $12 million in federal and economic development grants for research and commercialization funding in support of innovators and entrepreneurs. She founded two university accelerators, FAU Tech Runway and Texas Tech University Accelerator as well as the Texas Tech Research Park Inc and a $10 million seed fund to support agriculture technology startups, the first of its kind in West Texas.
“I envision the Innovation Institute as Tulane’s champion for innovators and entrepreneurs. This resource will provide the needed entrepreneurship education, mentoring, prototype development, business modeling development, as well as support competitive grant and private funding opportunities and so much more,” Gramm said. “The Institute will be an integral part of the Greater New Orleans entrepreneurial ecosystem and I can’t wait to get started. In my mind, this is the perfect place at the perfect time to seize the moment and make a difference.”
Gramm will join Tulane in July.
The Tulane Innovation Institute will launch operations later this year on the ground level of Tulane’s new Thirteen15 residential development in downtown New Orleans. The Institute will occupy leased space at the renewed Charity Hospital once its redevelopment is complete.
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https://www.bizneworleans.com/kimberly-gramm-to-head-tulanes-new-innovation-institute/
| 2022-04-20T20:10:21Z
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Woodward Interests Welcomes Michael McKay
NEW ORLEANS — Woodward Interests welcomes development project manager and financial analyst Michael McKay. He is responsible for early development activities on commercial real estate developments. He specializes in financial modeling, feasibility studying and management of development process for regulatory approvals and design standards.
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https://www.bizneworleans.com/woodward-interests-welcomes-michael-mckay/
| 2022-04-20T20:10:27Z
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Oklahoma woman makes stop in W.Va on mission to see all 63 National Parks
GLEN JEAN, W.Va. (WVVA) - Mandy Bourne is a long way from home. She’s made her way from Wagoner, Oklahoma, to West Virginia.
“I’ve never been to West Virginia before.” Bourne shared. “It’s beautiful; It’s overwhelming. Everything is just large. I love it.”
New River Gorge is one of five National Parks Bourne and her friends are visiting this week alone. So far, she’s seen 17.
But her goal is to travel to all 63 of America’s National Parks.
“I’ve always loved nature, but when I found out that National Parks were a thing, I knew that I had to accomplish it- I had to visit every single one. So, I started a bucket list and started visiting.”
Since its National Park designation in December of 2020, New River Gorge (NRG) has seen an influx of visitors, much like Bourne, who are traveling from far and wide to see a piece of “Almost Heaven.”
“...there’s everything from the wildflowers blooming down by the river to people getting out on trails and visiting the historic sites,” Park Ranger Jodi French-Burr said of NRG. “So, no matter what your cup of tea is, there’s probably something here for everyone.”
From debuting its archive collection online to restoring an eighty-year-old mural in Mount Hope, New River Gorge National Park and Preserve’s efforts are fueled by community help.
Now more than ever since it is National Park Week.
The country-wide celebration of National Parks kicked off on Saturday, April 16. Alongside this commemoration, parks in every state are increasing their programming and activities.
Jessica Lynch, New River Gorge National Park and Preserve Museum Technician, says it also inspires park officials to continue their work in protecting history.
“It really calls on us to celebrate our parks by sparking collaboration and innovation and preservation,” she stated.
As for Bourne, she’s leaving New River Gorge with plenty of new memories. Next, she and her posse will be headed to the Great Smoky Mountain National Park in Tennessee.
And she hopes that others can visit some of the sites she’s seen as well.
“Everyone needs to get out and enjoy it,” Bourne shared. “It’s beautiful.”
New River Gorge National Park and Preserve will host National Park Week activities until Sunday, April 24, 2022. But, don’t worry, if you miss out on events this week, the park is also hosting Spring Fling programs until Mid-May.
To learn more, visit www.nps.gov.
Copyright 2022 WVVA. All rights reserved.
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https://www.wvva.com/2022/04/19/oklahoma-woman-makes-stop-wva-mission-see-all-63-national-parks/
| 2022-04-20T20:45:44Z
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DA: Man accused of raping school-aged girl hundreds of times over 6-year period
PLYMOUTH TOWNSHIP, Pa. (Gray News) - A man in Pennsylvania has been arrested and charged for sexually assaulting an elementary school-aged girl over a six-year period.
According to the Montgomery County District Attorney’s Office, 38-year-old Daniel Barnett was charged with 20 felony counts of rape of a child and other charges dating back to 1997.
The DA’s office said the investigation began when a woman, who is now 29, told the Plymouth Township Police Department that she was raped by Barnett more than 100 times. She said it started when she was 5 years old and continued until she was about 10 years old.
Police said the sexual abuse began with Barnett touching the girl inappropriately over her clothes, with the actions progressing to rape and other types of assaults.
Barnett was a friend of the girl’s brother, according to officials.
“This defendant was repeatedly sexually assaulting a very young girl for years,” said Montgomery County District Attorney Kevin Steele. “We are continuing to investigate.”
Steele also said if anyone has more information on the case contact the Plymouth Township Police at 610-279-1901.
Officials said Barnett currently remains at the Montgomery County Correctional Facility after a judge set bail at $1 million.
According to the court, the 38-year-old cannot contact the victim, children, or disabled adults. His next court appearance is scheduled for April 26.
Copyright 2022 Gray Media Group, Inc. All rights reserved.
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https://www.wvva.com/2022/04/20/da-man-accused-raping-school-aged-girl-hundreds-times-over-6-year-period/
| 2022-04-20T20:45:50Z
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DOJ: 21 people charged nationwide with $150M in COVID fraud
WASHINGTON (AP) — Twenty-one people have been charged in the past nine days as part of a nationwide enforcement push to root out those who exploit the pandemic through health care fraud schemes, the Justice Department announced Wednesday.
The cases resulted in about $150 million in alleged false billings and theft from federal pandemic assistance programs. The DOJ seized over $8 million in cash and other fraud proceeds.
Some defendants are accused of offering COVID-19 testing to get people to provide their personal identifying information and a saliva or blood sample. That information and the samples were then allegedly used to submit fraudulent claims to Medicare for unnecessary, far more expensive tests or services.
In Colorado, federal agents went through a man’s trash to uncover an alleged scheme to produce and sell fake vaccination record cards. In Maryland and New York, owners of medical clinics are accused of using information from people who sought COVID testing at drive-thru sites to submit fraudulent claims for lengthy office visits that never occurred.
“Today’s enforcement action sends a very clear message that we will stop at nothing to root out COVID-19 related health care fraud, wherever it may be found,” said Assistant Attorney General Kenneth Polite. “The Department of Justice is committed to protecting the American people and the critical health care benefits programs that assist them during this national emergency. And most importantly, we will hold those who exploit those programs accountable to the fullest extent of the law.”
Imran Shams and Lourdes Navarro, both 63, of Glendale, California, were indicted in an alleged scheme to defraud Medicare. They’re accused of owning a laboratory that allegedly submitted nearly $144 million in false and fraudulent claims for COVID and respiratory pathogen tests. The tests were ineligible for reimbursement and procured through kickbacks and bribes, and Shams and Navarro concealed their roles in the lab because of prior health care fraud convictions, according to the indictment.
Navarro’s attorney, Mark Werksman, said Wednesday his client denies the charges and looks forward to her day in court to show she did nothing illegal in connection with her lab work. Werksman said he may make a special appearance in court for Shams, who doesn’t have a lawyer yet.
Other defendants are accused of exploiting telehealth policies put into place during the pandemic, misappropriating money intended for frontline medical providers and manufacturing and distributing fake vaccination record cards.
The DOJ led a similar nationwide enforcement push nearly a year ago that involved 14 defendants and a total of roughly $143 million in false billings. Numerous federal and local law enforcement agencies participated in both enforcement actions.
The Justice Department named a chief prosecutor for pandemic fraud last month, Kevin Chambers, following through on President Joe Biden’s State of the Union promise to go after criminals who stole billions in relief money.
___
McDermott reported from Providence, Rhode Island.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wvva.com/2022/04/20/doj-21-people-charged-nationwide-with-150m-covid-fraud/
| 2022-04-20T20:45:59Z
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Dwayne Haskins apparently ran out of gas before being fatally hit
Published: Apr. 20, 2022 at 3:59 PM EDT|Updated: 46 minutes ago
FORT LAUDERDALE, Fla. (AP) — Pittsburgh Steelers quarterback Dwayne Haskins apparently ran out of gas and was returning to his vehicle when he was fatally struck by a dump truck earlier this month in Florida.
On Wednesday, the Florida Highway Patrol released a recording of a 911 call Haskins’ wife Kalabrya made to the agency shortly after the April 9 accident.
Calling from Pittsburgh and unaware of the accident, she told the dispatcher that Haskins had called her to say he had run out of gas and would call her back.
When the former Ohio State star didn’t and she couldn’t reach him, she called 911.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wvva.com/2022/04/20/dwayne-haskins-apparently-ran-out-gas-before-being-fatally-hit/
| 2022-04-20T20:46:05Z
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Florida Senate passes bill to end Disney self-government
(AP) - TALLAHASSEE, Fla. (AP) — The Florida Senate on Wednesday passed a bill to repeal a law allowing Walt Disney World to operate a private government over its properties in the state, escalating a feud with the entertainment giant over its opposition to what critics call the " Don’t Say Gay " law.
The proposal could have huge tax implications for Disney, whose series of theme parks have over the decades transformed Orlando into one of the world’s most popular tourist destinations. And Democrats have warned that the move could cause local homeowners to get hit with big tax bills if they have to absorb bond debt from Disney — although such details are far from clear.
The measures, pushed by Republican Gov. Ron DeSantis, comes as the governor battles with Disney after the company’s criticism of a new GOP law barring instruction on sexual orientation and gender identity in kindergarten through third grade as well as instruction that is not “age appropriate or developmentally appropriate.”
The bill would eliminate the Reedy Creek Improvement District, as the Disney government is known, as well as a handful of other similar districts by June 2023. The measure leaves room for the districts to be reestablished, with a Republican legislative leader signaling a likely restructuring of a 1967 deal that lawmakers struck with the company that allows it to provide services such as zoning, fire protection, utilities and infrastructure.
“By doing it this early, we have until next June or July to this put together, so we’re actually giving ourselves more time to be thoughtful,” Republican Senate President Wilton Simpson told reporters after the vote. “I don’t know how the end will come, but I know that this is a very worthy process that we’re taking and I think whatever comes out of it will be better than what we have today.”
Still, the move represents the latest blow in a culture war harnessed by DeSantis as he runs for reelection and bolsters himself as a potential 2024 GOP presidential candidate through staunch opposition to liberal policies on race, gender and abortion.
“If Disney wants to pick a fight, they chose the wrong guy,” DeSantis wrote in a campaign fundraising email Wednesday. “As governor, I was elected to put the people of Florida first, and I will not allow a woke corporation based in California to run our state.”
Democrats, the minority party in the Legislature, have railed against the proposal as clear retaliation against a company that has been a major economic driver in the state.
“Let’s call this what it is, it’s the punitive, petulant political payback to a corporation who dared to say the emperor has no clothes, but if they behave this next election cycle, maybe we’ll put it back together,” said Sen. Gary M. Farmer, a Democrat.
Disney did not return an email seeking comment. The company is one of Florida’s biggest private employers and last year said it had more than 60,000 workers in the state. It is not immediately clear exactly how Disney or neighboring governments would be affected if the district was dissolved.
The push to punish Disney came after it announced it would suspend political donations in the state and said it was committed to supporting organizations working to oppose the state’s new law limiting sexual orientation or gender identify instruction in the classroom.
DeSantis and other Republicans have lashed out at Disney and other critics of the law, arguing that the policy is reasonable and that parents, not teachers, should be addressing such topics with children.
The creation of the Reedy Creek Improvement District, and the control it gave Disney over 27,000 acres (11,000 hectares) in Florida, was a crucial element in the company’s plans to build near Orlando in the 1960s. Company officials said they needed autonomy to plan a futuristic city along with the theme park. The city never materialized, however; instead, it morphed into the Epcot theme park.
The Florida House of Representatives is expected to take up the bill Thursday.
___
Associated Press writer Brendan Farrington contributed to this report
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wvva.com/2022/04/20/florida-senate-passes-bill-end-disney-self-government/
| 2022-04-20T20:46:12Z
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Missed the tax deadline? File ASAP to avoid penalties and interest, IRS says
(Gray News) – The Internal Revenue Service is recommending taxpayers who missed the original deadline of April 18 to file their taxes should file them as soon as possible to avoid any possible penalties.
The IRS says that although taxpayers who are due a refund will not be penalized for filing late, those who owe and missed the deadline without requesting an extension should file quickly to limit penalties and interest.
The IRS says that families who don’t owe taxes can still file their taxes and claim the Child Tax Credit for 2021 at any point until April 15, 2025, without facing any penalties.
Certain taxpayers automatically qualify for extra time to file and pay taxes without penalties and interest.
Some of these include:
- Military members who served or are currently serving in a combat zone
- Support personnel in combat zones or a contingency operation in support of the Armed Forces
- Taxpayers outside of the U.S.
- Some disaster victims
The IRS says taxpayers should file their return and pay any taxes they owe quickly to reduce penalties and interest and that “an extension to file is not an extension to pay.” An extension provides an additional six months to file with a new deadline of October 17.
Penalties and interest apply to taxes owed after April 18, and interest is charged until the balance is paid in full, according to the IRS.
The IRS also says that taxpayers should file a tax return even if they can’t immediately pay in full to reduce delayed filing penalties.
For more information on filing your taxes, visit the IRS website.
Copyright 2022 Gray Media Group, Inc. All rights reserved.
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https://www.wvva.com/2022/04/20/missed-tax-deadline-file-asap-avoid-penalties-interest-irs-says/
| 2022-04-20T20:46:19Z
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Russia test-fires new intercontinental ballistic missile
MOSCOW (AP) — The Russian military said Wednesday it successfully performed the first test of a new intercontinental ballistic missile, a weapon President Vladimir Putin said would make the West “think twice” before harboring any aggressive intentions against Russia.
The test launch of the Sarmat missile comes amid soaring tensions between Moscow and the West over the Russian military action in Ukraine and underlines the Kremlin’s emphasis on the country’s nuclear forces.
Russia’s Defense Ministry said the Sarmat ICBM was launched Wednesday from the Plesetsk launch facility in northern Russia and its practice warheads have successfully reached mock targets on the Kura firing range on the far eastern Kamchatka Peninsula.
It said the launch was fully successful, proving the missile’s characteristics “in all phases of its flight.”
Pentagon press secretary John Kirby said that Russia had given the U.S. an advance notice about the launch in line with the New START nuclear arms control treaty between Moscow and Washington.
“Russia properly notified the United States under its New START obligations that it planned to test this ICBM,” he said. “Such testing is routine. It was not a surprise. We did not deem the test to be a threat to the United States or its allies.”
Speaking to senior officials, Putin hailed the Sarmat launch, claiming that the new missile has no foreign analogs and is capable of penetrating any prospective missile defense.
“This really unique weapon will strengthen the combat potential of our armed forces, reliably ensure Russia’s security from external threats and make those, who in the heat of frantic aggressive rhetoric try to threaten our country, think twice,” Putin said.
Amid the new Western sanctions that banned the exports of high-tech products to Russia and specifically targeted its arms industries in response to Moscow’s action in Ukraine, Putin emphasized that the Sarmat is built exclusively from domestic components.
“Of course, this will simplify the serial production of the system by enterprises of the military-industrial sector and accelerate its delivery to the Strategic Missile Forces,” he added.
The Sarmat is a heavy missile that has been under development for several years to replace the Soviet-made Voyevoda, which was code-named Satan by the West and forms the core of Russia’s nuclear deterrent.
“The Sarmat is the most powerful missile that has the highest range in the world, and it will significantly bolster the capability of the country’s strategic nuclear forces,” the Defense Ministry said in a statement.
The ministry said the Sarmat is capable of carrying hypersonic glide vehicles along with other types of warheads. The Russian military had previously said that the Avangard hypersonic vehicle could be fitted to the new missile.
The military has said that the Avangard is capable of flying 27 times faster than the speed of sound and making sharp maneuvers on its way to the target to dodge the enemy’s missile shield.
It has been fitted to the existing Soviet-built intercontinental ballistic missiles instead of older type warheads, and the first unit armed with the Avangard entered duty in December 2019.
Dmitry Rogozin, the head of the state Roscosmos agency that oversees the missile factory building the Sarmat, described Wednesday’s test as a “present to NATO” in a comment on his messaging app channel.
Rogozin said the Sarmat is set to be commissioned by the military this fall after the completion of its trials, calling it a “superweapon.”
___
Robert Burns in Washington contributed to this report.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wvva.com/2022/04/20/russia-test-fires-new-intercontinental-ballistic-missile/
| 2022-04-20T20:46:28Z
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Sen. Bill 552 passed, will help clean up dilapidated properties in West Virginia
BECKLEY, W.Va. (WVVA) - The West Virginia state auditor says a new law in West Virginia will accelerate the process of dealing with dilapidated properties across the state.
Senate Bill 552 revamped the tax sale statute, cutting the time by as much as six months for dilapidated properties to be transferred by tax deeds. The goal is to strip away blight in communities.
“When you bring someone from out of state and every fifth house is an eye sore and it’s dangerous, they are going to go somewhere else,” said JB McCuskey, West Virginia State Auditor.
As the weather warms up, areas like Wyoming County are prepping for an influx of visitors, including ATV trail riders who will come in from all over the U.S. In some areas of this county, some buildings have never recovered from major flooding in 2001.
“The way that we have the structure is that my office and the state government will be the place that the cities can find the property, they can buy the property and we will also be the funding source for the demolition, but we need the cities and counties to be the people to identify the properties, buy the properties and then are eventually the ones to reuse the properties,” said McCuskey.
Lawmakers also allocated $10-million in a separate bill to drive down the cost and streamline demolitions of dilapidated properties like these.
“What Senator Swope, and so many of our great legislators and our governor decided was we are going to start a pilot project and they put $10-million into the fund, and so what our task is over the next year or the next year and a half is to prove to the legislator and prove the rest of West Virginia that we can design a process that is efficient, that’s fast, that tears down the right houses in the right order that saves tax payers money,” said McCuskey
The state auditor says if you want to be more involved in identifying dilapidated structures in your community, you should go to your local county commission to find out who is tasked with land reuse development or demolition.
Copyright 2022 WVVA. All rights reserved.
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https://www.wvva.com/2022/04/20/sen-bill-552-passed-will-help-clean-up-dilapidated-properties-west-virginia/
| 2022-04-20T20:46:35Z
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US targets cryptocurrency firms in latest Russia sanctions
WASHINGTON (AP) — The U.S. rolled out new sanctions on Wednesday against more than 40 individuals and entities accused of evading the ongoing wave of penalties imposed on Russia as punishment for invading Ukraine.
The sanctions include the first set of penalties against cryptocurrency mining firms in relation to the war.
The Treasury Department’s sanctions arm designated the commercial bank Transkapitalbank, which has operations in China and the Middle East.
Transkapitalbank is a Russian privately owned commercial bank which the U.S. says has helped sanctioned clients process dollar payments, by providing an alternative communication channel to SWIFT — the dominant system for global financial transactions.
Treasury also targeted people and companies led by U.S.-designated Russian oligarch Konstantin Malofeyev — the founder of a Russian Orthodox news channel, Tsargrad TV.
Malofeyev was also designated for sanctions in December 2014. Treasury said he was one of the main sources of financing for Russians promoting separatism in Crimea.
In a first, the U.S. government issued penalties against a cryptocurrency firm in relation to the war.
Digital currency firm Bitriver AG and 10 of its subsidiaries were included in Wednesday’s package of sanctions from Treasury’s Office of Foreign Assets Control.
“The United States is committed to ensuring that no asset, no matter how complex, becomes a mechanism for the Putin regime to offset the impact of sanctions,” Treasury said in a statement.
Lawmakers and administration officials have voiced concerns that Russia may be using cryptocurrency to avoid pain from the avalanche of sanctions imposed on banks, oligarchs and the energy industry in recent months due to the invasion.
Experts say an increased reliance on cryptocurrency would be an inevitable avenue for Russia to try to prop up its financial transactions, but Treasury officials have rejected the claim that cryptocurrency could be a major driver of sanctions evasion.
In a statement that was released shortly after the sanctions became public, Treasury Secretary Janet Yellen said: “Russia’s invasion is an assault on fundamental international rules and norms and threatens the core of the international order.”
“The United States stands resolutely with the Ukrainian government and the Ukrainian people.”
The statement was released in connection with the joint International Monetary and Financial Committee and Development Committee meeting related to the International Monetary Fund and World Bank spring meetings.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wvva.com/2022/04/20/us-targets-cryptocurrency-firms-latest-russian-sanctions/
| 2022-04-20T20:46:41Z
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Wyoming County business partners with State Department of Environmental Protection to host beautification project
WYOMING COUNTY, W.Va. (WVVA) - A restaurant in Wyoming County is spearheading a stream cleaning event Sat. April 23rd and Sun. 24th.
The owners of the Rusted Musket in Mullens, W.Va. have been working with the State Department of Environmental Protection (DEP) to help clean up streams in their community.
The DEP is offering them equipment to help including canoes, boats, trailers, gloves and trash bags to help them clean up the river.
Around 50 volunteers have signed up to help tackle a stretch of the waterway from the old Wyoming County Hotel all the way to the water treatment plant in Mullens.
The organizers say there’s still room for more people on the clean-up crew.
“We welcome all, everybody... if you want to throw in some support, maybe you don’t want to get into the river (but) come down and you can load trash bags in a truck, or anything. With having the Dogwood Festival next weekend...we want the people coming in to see a nice-looking area,” said Merrick Rice, owner of the Rusted Musket.
If you would like to pitch in, the river clean up begins at 9 a.m. this Saturday, April 23rd.
Volunteers will meet at the Wyoming County Hotel in Mullens.
Copyright 2022 WVVA. All rights reserved.
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https://www.wvva.com/2022/04/20/wyoming-county-business-partners-with-state-department-environmental-protection-host-beautification-project/
| 2022-04-20T20:46:48Z
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DA: Man accused of raping school-aged girl hundreds of times over 6-year period
PLYMOUTH TOWNSHIP, Pa. (Gray News) - A man in Pennsylvania has been arrested and charged for sexually assaulting an elementary school-aged girl over a six-year period.
According to the Montgomery County District Attorney’s Office, 38-year-old Daniel Barnett was charged with 20 felony counts of rape of a child and other charges dating back to 1997.
The DA’s office said the investigation began when a woman, who is now 29, told the Plymouth Township Police Department that she was raped by Barnett more than 100 times. She said it started when she was 5 years old and continued until she was about 10 years old.
Police said the sexual abuse began with Barnett touching the girl inappropriately over her clothes, with the actions progressing to rape and other types of assaults.
Barnett was a friend of the girl’s brother, according to officials.
“This defendant was repeatedly sexually assaulting a very young girl for years,” said Montgomery County District Attorney Kevin Steele. “We are continuing to investigate.”
Steele also said if anyone has more information on the case contact the Plymouth Township Police at 610-279-1901.
Officials said Barnett currently remains at the Montgomery County Correctional Facility after a judge set bail at $1 million.
According to the court, the 38-year-old cannot contact the victim, children, or disabled adults. His next court appearance is scheduled for April 26.
Copyright 2022 Gray Media Group, Inc. All rights reserved.
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https://www.whsv.com/2022/04/20/da-man-accused-raping-school-aged-girl-hundreds-times-over-6-year-period/
| 2022-04-20T21:05:36Z
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DOJ: 21 people charged nationwide with $150M in COVID fraud
WASHINGTON (AP) — Twenty-one people have been charged in the past nine days as part of a nationwide enforcement push to root out those who exploit the pandemic through health care fraud schemes, the Justice Department announced Wednesday.
The cases resulted in about $150 million in alleged false billings and theft from federal pandemic assistance programs. The DOJ seized over $8 million in cash and other fraud proceeds.
Some defendants are accused of offering COVID-19 testing to get people to provide their personal identifying information and a saliva or blood sample. That information and the samples were then allegedly used to submit fraudulent claims to Medicare for unnecessary, far more expensive tests or services.
In Colorado, federal agents went through a man’s trash to uncover an alleged scheme to produce and sell fake vaccination record cards. In Maryland and New York, owners of medical clinics are accused of using information from people who sought COVID testing at drive-thru sites to submit fraudulent claims for lengthy office visits that never occurred.
“Today’s enforcement action sends a very clear message that we will stop at nothing to root out COVID-19 related health care fraud, wherever it may be found,” said Assistant Attorney General Kenneth Polite. “The Department of Justice is committed to protecting the American people and the critical health care benefits programs that assist them during this national emergency. And most importantly, we will hold those who exploit those programs accountable to the fullest extent of the law.”
Imran Shams and Lourdes Navarro, both 63, of Glendale, California, were indicted in an alleged scheme to defraud Medicare. They’re accused of owning a laboratory that allegedly submitted nearly $144 million in false and fraudulent claims for COVID and respiratory pathogen tests. The tests were ineligible for reimbursement and procured through kickbacks and bribes, and Shams and Navarro concealed their roles in the lab because of prior health care fraud convictions, according to the indictment.
Navarro’s attorney, Mark Werksman, said Wednesday his client denies the charges and looks forward to her day in court to show she did nothing illegal in connection with her lab work. Werksman said he may make a special appearance in court for Shams, who doesn’t have a lawyer yet.
Other defendants are accused of exploiting telehealth policies put into place during the pandemic, misappropriating money intended for frontline medical providers and manufacturing and distributing fake vaccination record cards.
The DOJ led a similar nationwide enforcement push nearly a year ago that involved 14 defendants and a total of roughly $143 million in false billings. Numerous federal and local law enforcement agencies participated in both enforcement actions.
The Justice Department named a chief prosecutor for pandemic fraud last month, Kevin Chambers, following through on President Joe Biden’s State of the Union promise to go after criminals who stole billions in relief money.
___
McDermott reported from Providence, Rhode Island.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.whsv.com/2022/04/20/doj-21-people-charged-nationwide-with-150m-covid-fraud/
| 2022-04-20T21:05:45Z
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Dwayne Haskins apparently ran out of gas before being fatally hit
Published: Apr. 20, 2022 at 3:59 PM EDT|Updated: 1 hour ago
FORT LAUDERDALE, Fla. (AP) — Pittsburgh Steelers quarterback Dwayne Haskins apparently ran out of gas and was returning to his vehicle when he was fatally struck by a dump truck earlier this month in Florida.
On Wednesday, the Florida Highway Patrol released a recording of a 911 call Haskins’ wife Kalabrya made to the agency shortly after the April 9 accident.
Calling from Pittsburgh and unaware of the accident, she told the dispatcher that Haskins had called her to say he had run out of gas and would call her back.
When the former Ohio State star didn’t and she couldn’t reach him, she called 911.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.whsv.com/2022/04/20/dwayne-haskins-apparently-ran-out-gas-before-being-fatally-hit/
| 2022-04-20T21:05:51Z
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Florida Senate passes bill to end Disney self-government
(AP) - TALLAHASSEE, Fla. (AP) — The Florida Senate on Wednesday passed a bill to repeal a law allowing Walt Disney World to operate a private government over its properties in the state, escalating a feud with the entertainment giant over its opposition to what critics call the " Don’t Say Gay " law.
The proposal could have huge tax implications for Disney, whose series of theme parks have over the decades transformed Orlando into one of the world’s most popular tourist destinations. And Democrats have warned that the move could cause local homeowners to get hit with big tax bills if they have to absorb bond debt from Disney — although such details are far from clear.
The measures, pushed by Republican Gov. Ron DeSantis, comes as the governor battles with Disney after the company’s criticism of a new GOP law barring instruction on sexual orientation and gender identity in kindergarten through third grade as well as instruction that is not “age appropriate or developmentally appropriate.”
The bill would eliminate the Reedy Creek Improvement District, as the Disney government is known, as well as a handful of other similar districts by June 2023. The measure leaves room for the districts to be reestablished, with a Republican legislative leader signaling a likely restructuring of a 1967 deal that lawmakers struck with the company that allows it to provide services such as zoning, fire protection, utilities and infrastructure.
“By doing it this early, we have until next June or July to this put together, so we’re actually giving ourselves more time to be thoughtful,” Republican Senate President Wilton Simpson told reporters after the vote. “I don’t know how the end will come, but I know that this is a very worthy process that we’re taking and I think whatever comes out of it will be better than what we have today.”
Still, the move represents the latest blow in a culture war harnessed by DeSantis as he runs for reelection and bolsters himself as a potential 2024 GOP presidential candidate through staunch opposition to liberal policies on race, gender and abortion.
“If Disney wants to pick a fight, they chose the wrong guy,” DeSantis wrote in a campaign fundraising email Wednesday. “As governor, I was elected to put the people of Florida first, and I will not allow a woke corporation based in California to run our state.”
Democrats, the minority party in the Legislature, have railed against the proposal as clear retaliation against a company that has been a major economic driver in the state.
“Let’s call this what it is, it’s the punitive, petulant political payback to a corporation who dared to say the emperor has no clothes, but if they behave this next election cycle, maybe we’ll put it back together,” said Sen. Gary M. Farmer, a Democrat.
Disney did not return an email seeking comment. The company is one of Florida’s biggest private employers and last year said it had more than 60,000 workers in the state. It is not immediately clear exactly how Disney or neighboring governments would be affected if the district was dissolved.
The push to punish Disney came after it announced it would suspend political donations in the state and said it was committed to supporting organizations working to oppose the state’s new law limiting sexual orientation or gender identify instruction in the classroom.
DeSantis and other Republicans have lashed out at Disney and other critics of the law, arguing that the policy is reasonable and that parents, not teachers, should be addressing such topics with children.
The creation of the Reedy Creek Improvement District, and the control it gave Disney over 27,000 acres (11,000 hectares) in Florida, was a crucial element in the company’s plans to build near Orlando in the 1960s. Company officials said they needed autonomy to plan a futuristic city along with the theme park. The city never materialized, however; instead, it morphed into the Epcot theme park.
The Florida House of Representatives is expected to take up the bill Thursday.
___
Associated Press writer Brendan Farrington contributed to this report
Copyright 2022 The Associated Press. All rights reserved.
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https://www.whsv.com/2022/04/20/florida-senate-passes-bill-end-disney-self-government/
| 2022-04-20T21:05:57Z
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Jesus mural survives devastating church fire on Good Friday
CHICAGO (WLS) - A Chicago-area church suffered extensive damage last week, but a large painting of Jesus has remained untouched.
Members of the Antioch Missionary Baptist Church said the fire started just two hours after a Good Friday service. They believe the fire was caused by some construction work, but the mural inside the building survived.
The church’s pastor Gerald Dew said he sees it as a sign that the congregation and the church will rise again.
“He promised that he would return. And so just as he has risen and has ascended, we believe also that we will rise from this,” Drew said.
Local engineers said questions remain when it comes to the stability of the church’s walls regarding a rebuild.
Copyright 2022 WLS via CNN Newsource. All rights reserved.
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https://www.whsv.com/2022/04/20/jesus-mural-survives-devastating-church-fire-good-friday/
| 2022-04-20T21:06:04Z
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Most people in US want masks for travelers: AP-NORC poll
FARGO, N.D. (AP) — A majority of people in the United States continue to support a mask requirement for people traveling on airplanes and other shared transportation, a poll finds. A ruling by a federal judge has put the government’s transportation mask mandate on hold.
The poll by The Associated Press-NORC Center for Public Affairs Research finds that despite opposition to that requirement that included verbal abuse and physical violence against flight attendants, 56% of those surveyed favor requiring people on planes, trains and public transportation to wear masks, compared with 24% opposed and 20% who say they are neither in favor nor opposed.
Interviews for the poll were conducted last Thursday to Monday, shortly before a federal judge in Florida struck down the national mask mandate on airplanes and mass transit. Airlines and airports immediately scrapped their requirements that passengers wear face coverings.
The Transportation Security Administration stopped enforcing the mask requirement, and the Justice Department announced on Tuesday that it will not appeal the ruling unless the Centers for Disease Control and Prevention determines it’s still necessary. The CDC said Wednesday that it continues to recommend that people wear masks in all indoor public transportation settings and was assessing the need for a mask requirement in those settings.
The poll shows a wide partisan divide on the issue. Among Democrats, 80% favor and just 5% oppose the requirement. Among Republicans, 45% are opposed compared with 33% in favor, with 22% saying neither.
Vicki Pettus, who recently moved from Frankfort, Kentucky, to Clearwater, Florida, to be near her grandchildren, said she enjoys the view of Old Tampa Bay but doesn’t like the “very lackadaisical attitude” by Gov. Ron DeSantis, a Republican, about masking. She said she will continue to wear her mask to protect against the coronavirus, including around her 55-and-older home community and on the plane when she travels to Kentucky in a few weeks.
“Especially in a plane where that air is recirculating,” said Pettus, 71, an independent who leans toward the Democratic Party. “I think people are really dumb not to wear their mask. But, hey, that’s their decision, and if they want to get sick that’s fine. I’m not going to.”
But Kriste Lee, who works in sales in South Florida, can’t wait to fly mask-free the next time she travels next month.
“I really wish I was on a plane when they made that announcement,” said Lee, 47. “I would have been dancing up and down the aisle.”
The continued public support overall for mandating masks on transportation comes even as worries about COVID-19 are among their lowest points of the past two years. Just 20% now say they’re very or extremely worried that they or a family member will be infected. That’s down slightly since 25% said the same just a month ago and from 36% in December and January as the omicron variant was raging. Another 33% now say they are somewhat worried, while 48% say they’re not worried at all.
Count Betty Harp, of Leitchfield, Kentucky, as among the “very worried” and not because she’s turning 84 next month. She said she takes care of her large house and yard by herself, does a lot of canning and is in “fantastic health for my age.” But she’s lost a lot of friends and family to the virus, which has killed nearly 1 million people in the United States.
“I know COVID is still here. It’s still around,” said Harp, who described herself as a Republican-leaning independent. “I think we should all be wearing masks for a little while longer.”
In another AP-NORC poll conducted last month, 44% of those surveyed still said they were often or always wearing face masks outside their homes, though that was down significantly from 65% who said that at the beginning of the year.
The latest poll also shows about half the people favor requiring masks for workers who interact with the public, compared with about 3 in 10 opposed. Support is similar for requiring people at crowded public events such as concerts, sporting events and movies to wear masks.
On these, too, there are significant partisan divides. Seventy-two percent of Democrats favor requiring people attending crowded public events to wear masks, while among Republicans, 25% are in favor and 49% are opposed. The numbers are similar for requiring masks for public-facing workers.
Lee, who said she doesn’t “do politics,” wondered aloud why people are complaining about the judge’s ruling and said nobody is stopping anyone from wearing masks if they want to.
“We all have our beliefs and obviously different views,” said Lee, who is unvaccinated. “Mine are definitely different from the people who are angry and upset.”
Employed people are divided on whether those working in person at their own workplaces should be required to wear masks. Thirty-four percent say they’re in favor of that requirement, 33% are opposed and 33% are neither in favor nor opposed. Among workers who are Democrats, 48% are in favor and 18% are opposed. Among workers who are Republicans, 53% are opposed and 18% are in favor.
Mike Osterholm, director of the University of Minnesota’s Center for Infectious Disease Research and Policy, said messaging over the mask mandate would have been more effective if it required N95 or KN95 respirators, which are more effective at preventing transmission of the virus.
“But you have actually created a real challenge with yourself with the public who are now being selective if not outright angry about these mandates,” said Osterholm, who added that he will continue to wear his N95 mask on planes.
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The AP-NORC poll of 1,085 adults was conducted April 14-18 using a sample drawn from NORC’s probability-based AmeriSpeak Panel, which is designed to be representative of the U.S. population. The margin of sampling error for all respondents is plus or minus 3.9 percentage points.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.whsv.com/2022/04/20/majority-americans-want-masks-travelers-ap-norc-poll/
| 2022-04-20T21:06:10Z
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Missed the tax deadline? File ASAP to avoid penalties and interest, IRS says
(Gray News) – The Internal Revenue Service is recommending taxpayers who missed the original deadline of April 18 to file their taxes should file them as soon as possible to avoid any possible penalties.
The IRS says that although taxpayers who are due a refund will not be penalized for filing late, those who owe and missed the deadline without requesting an extension should file quickly to limit penalties and interest.
The IRS says that families who don’t owe taxes can still file their taxes and claim the Child Tax Credit for 2021 at any point until April 15, 2025, without facing any penalties.
Certain taxpayers automatically qualify for extra time to file and pay taxes without penalties and interest.
Some of these include:
- Military members who served or are currently serving in a combat zone
- Support personnel in combat zones or a contingency operation in support of the Armed Forces
- Taxpayers outside of the U.S.
- Some disaster victims
The IRS says taxpayers should file their return and pay any taxes they owe quickly to reduce penalties and interest and that “an extension to file is not an extension to pay.” An extension provides an additional six months to file with a new deadline of October 17.
Penalties and interest apply to taxes owed after April 18, and interest is charged until the balance is paid in full, according to the IRS.
The IRS also says that taxpayers should file a tax return even if they can’t immediately pay in full to reduce delayed filing penalties.
For more information on filing your taxes, visit the IRS website.
Copyright 2022 Gray Media Group, Inc. All rights reserved.
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https://www.whsv.com/2022/04/20/missed-tax-deadline-file-asap-avoid-penalties-interest-irs-says/
| 2022-04-20T21:06:17Z
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Russia test-fires new intercontinental ballistic missile
MOSCOW (AP) — The Russian military said Wednesday it successfully performed the first test of a new intercontinental ballistic missile, a weapon President Vladimir Putin said would make the West “think twice” before harboring any aggressive intentions against Russia.
The test launch of the Sarmat missile comes amid soaring tensions between Moscow and the West over the Russian military action in Ukraine and underlines the Kremlin’s emphasis on the country’s nuclear forces.
Russia’s Defense Ministry said the Sarmat ICBM was launched Wednesday from the Plesetsk launch facility in northern Russia and its practice warheads have successfully reached mock targets on the Kura firing range on the far eastern Kamchatka Peninsula.
It said the launch was fully successful, proving the missile’s characteristics “in all phases of its flight.”
Pentagon press secretary John Kirby said that Russia had given the U.S. an advance notice about the launch in line with the New START nuclear arms control treaty between Moscow and Washington.
“Russia properly notified the United States under its New START obligations that it planned to test this ICBM,” he said. “Such testing is routine. It was not a surprise. We did not deem the test to be a threat to the United States or its allies.”
Speaking to senior officials, Putin hailed the Sarmat launch, claiming that the new missile has no foreign analogs and is capable of penetrating any prospective missile defense.
“This really unique weapon will strengthen the combat potential of our armed forces, reliably ensure Russia’s security from external threats and make those, who in the heat of frantic aggressive rhetoric try to threaten our country, think twice,” Putin said.
Amid the new Western sanctions that banned the exports of high-tech products to Russia and specifically targeted its arms industries in response to Moscow’s action in Ukraine, Putin emphasized that the Sarmat is built exclusively from domestic components.
“Of course, this will simplify the serial production of the system by enterprises of the military-industrial sector and accelerate its delivery to the Strategic Missile Forces,” he added.
The Sarmat is a heavy missile that has been under development for several years to replace the Soviet-made Voyevoda, which was code-named Satan by the West and forms the core of Russia’s nuclear deterrent.
“The Sarmat is the most powerful missile that has the highest range in the world, and it will significantly bolster the capability of the country’s strategic nuclear forces,” the Defense Ministry said in a statement.
The ministry said the Sarmat is capable of carrying hypersonic glide vehicles along with other types of warheads. The Russian military had previously said that the Avangard hypersonic vehicle could be fitted to the new missile.
The military has said that the Avangard is capable of flying 27 times faster than the speed of sound and making sharp maneuvers on its way to the target to dodge the enemy’s missile shield.
It has been fitted to the existing Soviet-built intercontinental ballistic missiles instead of older type warheads, and the first unit armed with the Avangard entered duty in December 2019.
Dmitry Rogozin, the head of the state Roscosmos agency that oversees the missile factory building the Sarmat, described Wednesday’s test as a “present to NATO” in a comment on his messaging app channel.
Rogozin said the Sarmat is set to be commissioned by the military this fall after the completion of its trials, calling it a “superweapon.”
___
Robert Burns in Washington contributed to this report.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.whsv.com/2022/04/20/russia-test-fires-new-intercontinental-ballistic-missile/
| 2022-04-20T21:06:24Z
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Shenandoah County crash causing delays
Published: Apr. 20, 2022 at 4:34 PM EDT|Updated: 31 minutes ago
SHENANDOAH COUNTY, Va. (WHSV) - On I-81 at mile marker 280.7 in Shenandoah County, motorists can expect delays due to a vehicle crash.
No lanes are closed. Traffic backups are approximately 2.0 miles.
This is a developing story. Stay with WHSV for the latest information.
Copyright 2022 WHSV. All rights reserved.
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https://www.whsv.com/2022/04/20/shenandoah-county-crash-causing-delays/
| 2022-04-20T21:06:30Z
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US targets cryptocurrency firms in latest Russia sanctions
WASHINGTON (AP) — The U.S. rolled out new sanctions on Wednesday against more than 40 individuals and entities accused of evading the ongoing wave of penalties imposed on Russia as punishment for invading Ukraine.
The sanctions include the first set of penalties against cryptocurrency mining firms in relation to the war.
The Treasury Department’s sanctions arm designated the commercial bank Transkapitalbank, which has operations in China and the Middle East.
Transkapitalbank is a Russian privately owned commercial bank which the U.S. says has helped sanctioned clients process dollar payments, by providing an alternative communication channel to SWIFT — the dominant system for global financial transactions.
Treasury also targeted people and companies led by U.S.-designated Russian oligarch Konstantin Malofeyev — the founder of a Russian Orthodox news channel, Tsargrad TV.
Malofeyev was also designated for sanctions in December 2014. Treasury said he was one of the main sources of financing for Russians promoting separatism in Crimea.
In a first, the U.S. government issued penalties against a cryptocurrency firm in relation to the war.
Digital currency firm Bitriver AG and 10 of its subsidiaries were included in Wednesday’s package of sanctions from Treasury’s Office of Foreign Assets Control.
“The United States is committed to ensuring that no asset, no matter how complex, becomes a mechanism for the Putin regime to offset the impact of sanctions,” Treasury said in a statement.
Lawmakers and administration officials have voiced concerns that Russia may be using cryptocurrency to avoid pain from the avalanche of sanctions imposed on banks, oligarchs and the energy industry in recent months due to the invasion.
Experts say an increased reliance on cryptocurrency would be an inevitable avenue for Russia to try to prop up its financial transactions, but Treasury officials have rejected the claim that cryptocurrency could be a major driver of sanctions evasion.
In a statement that was released shortly after the sanctions became public, Treasury Secretary Janet Yellen said: “Russia’s invasion is an assault on fundamental international rules and norms and threatens the core of the international order.”
“The United States stands resolutely with the Ukrainian government and the Ukrainian people.”
The statement was released in connection with the joint International Monetary and Financial Committee and Development Committee meeting related to the International Monetary Fund and World Bank spring meetings.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.whsv.com/2022/04/20/us-targets-cryptocurrency-firms-latest-russian-sanctions/
| 2022-04-20T21:06:36Z
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Virginia Clean Cities host the Harrisonburg Alternative Fuel Showcase
HARRISONBURG, Va. (WHSV) - As part of the Great Community Give, Virginia Clean Cities at James Madison University hosted the Harrisonburg Alternative Fuel Showcase.
The free open house featured a variety of alternative fuel and electric vehicles and also let attendees take test drives in some of their three-wheeled electric autocycles. The purpose of this event was to showcase how electric vehicles can be safe while also helping the environment.
“We communicate about ways as a society we can be better,” said Alleyn Harned, executive director of Virginia Clean Cities. “This technology can save lives with improved air quality and it can save dollars with the use of low-cost domestic energy. It’s a win-win-win.”
Many attendants of this event drove their own electric vehicles and were able to participate in the showcase.
Harned says that by joining the effort with the Community Give, they thought it was a great opportunity to uplift other organizations.
Copyright 2022 WHSV. All rights reserved.
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https://www.whsv.com/2022/04/20/virginia-clean-cities-host-harrisonburg-alternative-fuel-showcase/
| 2022-04-20T21:06:42Z
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Zombro rejoins Durham Bulls
Published: Apr. 20, 2022 at 3:26 PM EDT|Updated: 1 hours ago
HARRISONBURG, Va. (WHSV) - Staunton native Tyler Zombro is back with the Durham Bulls.
The Bulls, the Triple-A affiliate of the Tampa Bay Rays, announced that Zombro would be activated in time for their game Wednesday evening in Norfolk:
Zombro, who pitched at Robert E. Lee High School (now Staunton H.S.) and George Mason University, was seriously injured and hospitalized last summer when he was struck in the head by a line drive while pitching for the Bulls in a game against the Norfolk Tides. He joined the Tampa Bay Rays organization in 2017.
Copyright 2022 WHSV. All rights reserved.
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https://www.whsv.com/2022/04/20/zombro-rejoins-durham-bulls/
| 2022-04-20T21:06:48Z
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PENNSAUKEN, N.J. and CANTON, Mass., April 20, 2022 /PRNewswire/ -- TEC Elevator, Inc. (TEC) is pleased to announce that it has merged with the 3Phase Elevator Corp family of independent elevator companies, expanding the company's presence in the Philadelphia, New Jersey, and Delaware market areas.
3Phase is a leading independent elevator and escalator services provider with offices across the United States. The TEC merger enables 3Phase and its major brand in the region, Excel Elevator & Escalator, to grow its service offerings and deepen its presence across the region.
TEC is a full-service elevator company based in Pennsauken, New Jersey. TEC has had a singular focus on providing its customers with the highest level of service across all segments of its operations. The merger will empower TEC with greater technical capabilities, broader product versatility, greater financial strength, and broader insurance coverages. The existing TEC team, led by Dave Hollingsworth, Rich McCormick and Jim McCabe, will continue to manage local operations and be available to our customers.
"We are excited to join the 3Phase family of independent elevator service providers and to partner with its existing team in the Philadelphia and New Jersey region," said Dave Hollingsworth. "The 3Phase Team shares TEC's commitment to our customers and quality service and will enhance our business with investments in technology and sound business processes which will help us further serve our customers."
"TEC has an outstanding reputation with their customers and is a market leader among area independents," said Mike Strachan, CEO of 3Phase Elevator Corp. "This merger expands and strengthens our mutual abilities to service our customers. As the TEC and 3Phase teams collaborate with each other in the Philadelphia and New Jersey markets, we will have an opportunity to enhance our service capabilities and responsiveness to our existing customers while also accelerating growth with new customers."
Harvey & Company served as financial advisor to 3Phase for this transaction.
About 3Phase Elevator
Founded in 1997, and headquartered in Canton, Massachusetts, 3Phase is a leading independent provider of elevator / escalator maintenance, repair, and modernization services in 18 states and the District of Columbia. The company has grown in part through 15 acquisitions of other independent elevator / escalator providers. 3Phase maintains more than 22,000 units for building owners and property managers. The company is built on a foundation of exceptional customer care and service. To learn more about 3Phase, visit www.3phaseelevator.com.
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| 2022-04-20T21:06:55Z
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DUBLIN, April 20, 2022 /PRNewswire/ -- Alkermes plc (Nasdaq: ALKS) will host a conference call and webcast presentation at 8:00 a.m. ET (1:00 p.m. BST) on Wednesday, April 27, 2022 to discuss the company's first quarter financial results. Management will also provide an update on the company.
The webcast player and accompanying slides may be accessed on the Investors section of Alkermes' website at www.alkermes.com. The conference call may be accessed by dialing +1 877 407 2988 for U.S. callers and +1 201 389 0923 for international callers. A replay of the webcast will be available approximately two hours after the completion of the event and may be accessed by visiting Alkermes' website.
About Alkermes plc
Alkermes plc is a fully-integrated, global biopharmaceutical company developing innovative medicines in the fields of neuroscience and oncology. The company has a portfolio of proprietary commercial products focused on alcohol dependence, opioid dependence, schizophrenia and bipolar I disorder, and a pipeline of product candidates in development for neurodegenerative disorders and cancer. Headquartered in Dublin, Ireland, Alkermes has an R&D center in Waltham, Massachusetts; a research and manufacturing facility in Athlone, Ireland; and a manufacturing facility in Wilmington, Ohio. For more information, please visit Alkermes' website at www.alkermes.com.
Alkermes Contact:
Alex Braun
Investor Relations
+1 781 296 8493
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| 2022-04-20T21:07:01Z
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AvAir Acquires Additional 9,000 Components
CHANDLER, Ariz., April 20, 2022 /PRNewswire/ -- AvAir, an industry leading inventory solutions provider for the aviation aftermarket, and Lufthansa Technik have signed an addendum to their long-term aftermarket sales agreement. This addendum includes a second large material takeover. The initial agreement between the two companies was reached in 2020, in which AvAir took over 9,000 line items from Lufthansa Technik's worldwide material pools. The Arizona-based company has now acquired an additional 9,000 aircraft components.
This time, the agreement also includes as-removed and unserviceable units in addition to serviceable and overhauled items. The agreement implies that Lufthansa Technik receives a share of the proceeds from resold components under a profit share agreement. The material is considered overstock and a majority of the parts comes directly from the Lufthansa Technik material pool and aircraft teardowns. The sale significantly contributes to the optimization of inventory at Lufthansa Technik's warehouses in Germany, delivery of the components will commence immediately to AvAir facilities in Ireland and Chandler, Arizona in the United States. Despite this major logistical endeavor for teams of Lufthansa Technik on both continents, the complete transfer of material is expected to be completed in the next 90 days.
"The initial agreement was signed in 2020, and it has proved to be an overwhelming success for both parties, Lufthansa's commitment to adding to the existing agreement is proof of that," said Mike Bianco, Chief Executive Officer of AvAir.
With this transaction, AvAir has added an even wider range of commercial and regional aircraft material to its inventory. The assets include Boeing 737, 737N, 747-400, 747-8, 777 Cargo, 787, Airbus A320, A330, A340, A350, A380, as well as all regional aircraft types and miscellaneous material.
Similar to the first agreement in 2020, the material from this deal will come with dual or triple release certification (FAA/EASA/CAAC) from Lufthansa Technik and with a 12-month warranty.
"Our long-standing partnership with AvAir demonstrates our commitment to continuously improving the allocation of our rotatable spare parts inventory. It is also a sign of a recovering industry and we look forward to further increasing efficiency in our supply chain with similar opportunities in the future," said Christian Ehard, Director Production Alternatives, Lufthansa Technik Component Services.
AvAir will again make the acquired inventory available for both exchanges and outright sales from AvAir's facilities in Chandler, Arizona and Dublin, Ireland, which just celebrated it's two year anniversary.
About AvAir
Founded in 2000, Arizona-based AvAir is a global leader in the aviation aftermarket, providing customized inventory solutions for airlines, OEMs, and MROs. AvAir offers customized solutions for customers and suppliers to buy, sell, exchange, loan, lease, or consign more than 26 million in-stock aircraft parts. For more about AvAir, visit AvAir.aero.
Contact:
Claire Natale
claire@evolveprandmarketing.com
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| 2022-04-20T21:07:08Z
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PRINCETON, N.J., April 20, 2022 /PRNewswire/ -- The Bank of Princeton (the "Bank") (NASDAQ – BPRN) announced that its Board of Directors, at a meeting held on April 20, 2022, declared a cash dividend of $0.25 per share of the common stock of the Bank. This dividend will be paid on May 27, 2022 to shareholders of record at the close of business on May 6, 2022. "This dividend reflects the Board of Director's commitment in providing a return to shareholders," stated Edward Dietzler, President and CEO.
The paying cash dividends on a quarterly basis, subject to a determination and declaration each quarter by its Board of Directors, which will take into account a number of factors, including the financial condition of the Bank, and any applicable legal and regulatory restrictions on the payment of dividends by the Bank. If paid, such dividends may be reduced or eliminated in future periods.
About The Bank of Princeton
The Bank of Princeton is a community bank founded in 2007. The Bank is a New Jersey state-chartered commercial bank with nineteen branches in New Jersey, including three in Princeton and others in Bordentown, Browns Mills, Chesterfield, Cream Ridge, Deptford, Hamilton, Lakewood, Lambertville, Lawrenceville, Monroe Township, New Brunswick, Pennington, Piscataway, Princeton Junction, and Sicklerville. There are also four branches in the Philadelphia, Pennsylvania area. The Bank of Princeton is a member of the Federal Deposit Insurance Corporation ("FDIC").
Forward-Looking Statements
The Bank of Princeton may from time to time make written or oral "forward-looking statements," including statements contained in the Bank's filings with the FDIC, in its reports to stockholders and in other communications by the Bank (including this press release), which are made in good faith by the Bank pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended.
These forward-looking statements involve risks and uncertainties, such as statements of the Bank's plans, objectives, expectations, estimates and intentions that are subject to change based on various important factors (some of which are beyond the Bank's control). The following factors, among others, could cause the Bank's financial performance to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements: the impact of the recent global coronavirus outbreak, the strength of the United States economy in general and the strength of the local economies in which the Bank conducts operations; the effects of, and changes in, trade, monetary and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System; inflation, interest rate, market and monetary fluctuations; market volatility; the value of the Bank's products and services as perceived by actual and prospective customers, including the features, pricing and quality compared to competitors' products and services; the willingness of customers to substitute competitors' products and services for the Bank's products and services; credit risk associated with the Bank's lending activities; risks relating to the real estate market and the Bank's real estate collateral; the impact of changes in applicable laws and regulations and requirements arising out of our supervision by banking regulators; other regulatory requirements applicable to the Bank; technological changes; acquisitions; changes in consumer spending and saving habits; those risks set forth in the Bank's Annual Report on Form 10-K for the year ended December 31, 2020 under the heading "Risk Factors," and the success of the Bank at managing the risks involved in the foregoing.
Contact George Rapp
609.454.0718
grapp@thebankofprinceton.com
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| 2022-04-20T21:07:15Z
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Recognizing and Celebrating Leaders in Innovation that Advance Life Science Research
NEEDHAM, Mass., April 20, 2022 /PRNewswire/ -- Bio-IT World Conference & Expo, the premier event showcasing applications of IT and informatics to biomedical research and the drug discovery enterprise, will recognize winners of the Innovative Practices Awards during the plenary keynote program on Tuesday, May 3, at the 2022 Bio-IT World Conference & Expo in Boston, Mass. Winners will give podium presentations about their projects during the track programming on Wednesday, May 4, or Thursday, May 5.
Four grand prize awards were granted to AstraZeneca, Guardant Health with IQVIA, Merck KGaA, Darmstadt, Germany, with Genedata, and Quantum Leap Healthcare Collaborative with OpenClinica.
Since 2003, Bio-IT World has hosted an elite awards program with the goal of highlighting outstanding examples of how technology innovations and strategic initiatives can be applied to advance life sciences research. This year's winners represent excellence in innovation in the categories of Clinical & Health-IT, IT Infrastructure, Knowledge Management, and Personalized & Translational Medicine.
"The Bio-IT World community consistently delivers innovation to drive the life sciences forward," said Allison Proffitt, Bio-IT World Editorial Director. "This year, our panel of peer judges were particularly impressed with efforts to shift processes and data culture to empower data science and AI, with comprehensive and integrated tools for drug discovery, and with forward-thinking approaches to structuring and normalizing both clinical and real-world data
Below are the four winning projects. Visit https://www.bio-itworldexpo.com/innovativepractices to learn more and for details of each podium presentation:
AstraZeneca
Augmented Drug Design
Guardant Health nominated by IQVIA
Automating Biomarker and Phenotype Extraction With Natural Language Processing in a Real-World Precision Oncology Platform
Merck KGaA, Darmstadt, Germany nominated by Genedata
A Platform Democratizing Data, Analytics, and AI to Enable Development of Precision Therapies
Quantum Leap Healthcare Collaborative nominated by OpenClinica
OneSource Enables Automated EHR to eCRF Data Capture in Regulatory-Grade Clinical Trials
For more information and to register for the Bio-IT World Conference & Expo, please visit https://www.bio-itworldexpo.com/.
About Bio-IT World Conference & Expo
For over 20 years, the Bio-IT World Conference & Expo has been the world's premier event showcasing technologies and analytic approaches that solve problems, accelerate science, and drive the future of precision medicine. Bio-IT World unites a community of leading life sciences, pharmaceutical, clinical, healthcare, informatics and technology experts in the field of biomedical research, drug discovery & development, and healthcare from around the world.
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| 2022-04-20T21:07:22Z
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Parallel and Black CannaBusiness Launch Multi-City Cannabis-focused CEO Intensive in Boston
BOSTON, April 20, 2022 /PRNewswire/ -- Black CannaBusiness Magazine and Parallel, one of the largest privately held, vertically-integrated, multi-state cannabis operators in the United State are collaborating on a national six-week education series aimed at CEOs of color currently in the cannabis industry. The program will launch in Boston, Massachusetts on April 21st, 2022, at Boston Society for Architecture (290 Congress St Suite 200, Boston, MA 02210) at 9am.
The Black CannaBusiness CEO Intensive is a free, executive-level series intended to accelerate the growth of high-potential businesses of color in the cannabis industry. Via a six-week online cohort coupled with an in person two-day intensive, cannabis founders and entrepreneurs will complete structured exercises and will receive expert training from leading subject matter experts and practitioners, working in the industry.
Developed by the publishers of Black CannaBusiness Magazine and drawing on the experiences of advisors and business leaders in the industry from across the country, this comprehensive curriculum provides the tools to catapult minority-owned cannabis businesses to reach their full potential.
"The Black CannaBusiness Intensive Program is an immersive experience that empowers minority cannabis businesses owners to thrive in the cannabis industry with best in class leadership training and a unique "next level "business development curriculum," says Kristi Price, founder of Black CannaBusiness. Parallel, the multi-state cannabis company will represent the partnership through its Boston medical and adult-use dispensaries, NETA (New England Treatment Access).
"It's imperative that black business leaders continue to build upon and increase their knowledge in the cannabis industry," James Jackson; Senior Director of Social Equity at Parallel said. "Massachusetts is one of the first in the nation to adopt an equity mandate – they have made the commitment, and have a vision for equity for its future," Jackson added.
Learn more about the program here.
About Parallel
Parallel is a privately-held, vertically integrated, multi-state cannabis company with a mission to pioneer well-being and improve the quality of life through cannabinoids. Parallel has ongoing operations in five medical and adult-use markets under the retail brands of Surterra Wellness in Florida; goodblend in Texas and in Pennsylvania; New England Treatment Access (NETA) in Massachusetts; and a joint venture with the Cookies retail brand in Nevada. Parallel offers a diverse portfolio of high quality, proprietary and licensed consumer brands and products including Surterra Wellness, Float and Heights. Parallel operates approximately 50 locations nationwide, including 49 retail stores, and cultivation and manufacturing sites. Parallel follows rigorous operational and business practices to ensure the quality, safety, consistency, and efficacy of its products and follows values that put the well-being of its customers and employees first. Find more information at www.liveparallel.com, or on Instagram and LinkedIn.
About Black CannaBusiness Magazine:
Black CannaBusiness Magazine is a subsidiary of KRMA Media Inc, a Black woman-owned multi-media company helping Black professionals accelerate their involvement in the cannabis industry through the distribution of curated B2B content, the production of experiential events and the development of original video programming. Our sponsors prioritize diversity and are committed to doing their part to create a more inclusive industry.
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| 2022-04-20T21:07:29Z
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One of The Tech Interactive's longest running resources gets a glow up, heeding the call for more transparency in science.
SAN JOSE, Calif., April 20, 2022 /PRNewswire/ -- The Tech Interactive relaunched one of the most popular tools for understanding genetics ahead of National DNA Day, April 25. Ask a Geneticist is a website powered by Stanford scientists answering questions from people curious about DNA. The wildly popular resource, which saw almost 4 million page views over the past year from all over the world, is now easier to navigate, read and explore burning questions like:
- Can you make a mini-elephant?
- How closely related are X-Men characters Wolverine and his clone Laura Kinney?
- Why didn't my ancestry results show Native American ancestors?
- Why can crabs regenerate limbs while humans can't?
"We do get a fair amount of quirky questions. Our hope is always to make genetics feel less daunting for people, especially teachers who need support with complicated topics," said Abbey Thompson, Director of Educational Outreach, Stanford Genetics. "We're responding to the growing recognition that scientists need to learn how to communicate with the public, and the public needs greater access to factual information."
Thompson and her team spent a year revamping the site, updating nearly 600 blogs written since 2004 with the author's credentials, diverse high-resolution images, and more accurate and inclusive language. The site gets about 60 questions a month and posts roughly one new entry a week.
Ask a Geneticist is part of the Stanford at The Tech partnership, launched 20 years ago with the first wetlab, where the public can run an experiment with DNA. The partnership now includes the newly launched Book a Biologist, where teachers can book scientists to talk with their classes; and the ChromoZONE, a space where visitors can make a marker with DNA-infused ink or solve a mystery using genetics tools.
About The Tech Interactive
The Tech Interactive is a family-friendly science and technology center in the heart of downtown San Jose. Our hands-on activities, experimental labs and design challenge experiences empower people to innovate with creativity, curiosity and compassion. The Tech is a world leader in the creation of immersive STEAM education resources to develop the next generation of problem-solvers locally, nationally and globally. We believe that everyone is born an innovator who can change the world for the better.
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| 2022-04-20T21:07:35Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) is scheduled to release its financial results for the fiscal year 2022 third quarter on Tuesday, May 3, 2022. Broadridge will host a webcast and conference call to discuss those results at 8:30 a.m. ET on May 3, 2022. Tim Gokey, Chief Executive Officer, and Edmund Reese, Chief Financial Officer, will participate on the call.
To listen to the live event and access the slide presentation, visit Broadridge's Investor Relations website at www.broadridge-ir.com prior to the start of the webcast. To listen to the call, investors may also dial 1-877-328-2502 within the United States and international callers may dial 1-412-317-5419.
A replay of the webcast will be available and can be accessed in the same manner as the live webcast at the Broadridge Investor Relations website. Through May 10, 2022, the recording will also be available by dialing 1-877-344-7529 within the United States or 1-412-317-0088 for international callers, using passcode 3051064 for either dial-in number.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with $5 billion in revenues, provides the critical infrastructure that powers investing, corporate governance, and communications to enable better financial lives. We deliver technology-driven solutions that drive business transformation for banks, broker-dealers, asset and wealth managers and public companies. Broadridge's infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. Our technology and operations platforms underpin the daily trading of more than U.S. $9 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 13,000 associates in 21 countries. For more information about us please visit broadridge.com.
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https://www.whsv.com/prnewswire/2022/04/20/broadridge-schedules-webcast-conference-call-review-third-quarter-fiscal-year-2022-results-may-3-2022/
| 2022-04-20T21:07:41Z
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LOS ANGELES, April 20, 2022 /PRNewswire/ -- BuildOps, the only all-in-one management software built specifically for the modern commercial contractor, today announced the addition of Glen West, BuildOps Head of Growth, who will lead strategic integrations and partnerships.
"Glen's more than 30 years of experience adds tremendous value to BuildOps," said Alok Chanani, CEO of BuildOps. "His insights and opinions are already contributing to the whole company, and his critical analysis is enriching our 2022 strategy."
BuildOps welcomes Glen's leadership experience and expertise in construction technology and accounting to drive its strategic partnership strategy. His front-row seat in the construction and commercial contractor industry included the release of the number one construction accounting software at Timberline Software Corp. and as a partner at Alliance Solutions Group, where it focused on offering the most current software solutions for operational efficiency.
"I have seen the construction and commercial contractor industry transform because of emerging technology. BuildOps is leading a new revolution in cloud-based technology meeting the unique needs of specialty contractors and I am excited to be a part of it," said Glen.
About BuildOps
BuildOps is the only all-in-one management software built specifically for the modern commercial specialty contractor. Focusing on trade contractors, BuildOps combines service, project management, and more into a single SaaS platform. Founded in 2018, privately held, and veteran-owned, BuildOps is backed by large institutional firms including Founders Fund, Next47 (Siemens), Global Founders Capital, and other world-class institutional investors. Visit BuildOps.com to learn more.
Media contact:
Catalin Kreis
cat@buildops.com
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| 2022-04-20T21:07:47Z
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TORONTO, April 20, 2022 /PRNewswire/ - Canada Nickel Company Inc. (TSXV: CNC) ("Canada Nickel" or the "Company") is pleased to announce the results of its annual and special meeting of shareholders of the Company (the "Shareholders") held today.
Each of the nominee directors listed in the Company's management information circular dated March 16th, 2022 (the "Circular"), being Mark Selby, Mike Cox, Jennifer Morais, Francisca Quinn, Kulvir Singh Gill, David Smith and Russell Starr, were elected as directors.
The following resolutions: (i) approving the appointment of MNP LLP as auditors of the Company to hold office until the next meeting of shareholders and to authorize the directors to fix the remuneration to be paid to the auditors; and (ii) setting the number of directors of the Company at seven and empowering the directors of the Company to determine by resolution the number of directors to be elected at the annual meetings of Shareholders of the Company, all as more particularly described in the Circular, received the requisite approvals of the Shareholders.
Canada Nickel announces today that it has entered into a purchase agreement to acquire properties located in the Timmins, Ontario nickel-sulphide mining district. Under the agreement, in partial consideration for the properties and subject to the approval of the TSX Venture Exchange, Canada Nickel has agreed to issue 50,000 common shares to the seller (which common shares will be subject to a four-month hold period under applicable securities laws).
Canada Nickel also announces today that, subject to the approval of the TSX Venture Exchange, it has agreed to issue an aggregate of 44,103 common shares of the Company at a deemed issue price of $2.60 per common share in satisfaction of an aggregate of $115,448 in obligations due to a service provider of the Company (the "Share Issuance"). The common shares will be subject to a four-month hold period under applicable securities laws.
Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero NickelTM, NetZero CobaltTM, NetZero IronTM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. For more information, please visit www.canadanickel.com.
This news release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward- looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved".
Forward-looking information includes, but is not limited to, drill results relating to the Crawford Nickel-Cobalt Sulphide Project, the potential of the Crawford Nickel-Cobalt Sulphide Project, timing of economic studies and resource estimates, strategic plans, including future exploration and development results, the timing and ability of the Company to complete the Share Issuance and acquisition of the Timmins properties (if at all and on the terms described herein), the ability of the Company to obtain the approval of the TSX Venture Exchange in respect of the Share Issuance, and corporate and technical objectives. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors that could affect the outcome include, among others: future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise the money necessary to incur the expenditures required to retain and advance the property, environmental liabilities (known and unknown), general business, economic, competitive, political and social uncertainties, results of exploration programs, risks of the mining industry, delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals, and the impact of COVID-19 related disruptions in relation to the Company's business operations including upon its employees, suppliers, facilities and other stakeholders. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
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| 2022-04-20T21:07:54Z
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NEWPORT NEWS, Va., April 20, 2022 /PRNewswire/ -- Certified Origins, a European-based company specializing in fresh and authentic extra virgin olive oil, will invest $25 million to establish its first U.S. bottling facility in the City of Newport News in the state of Virginia. As the governor of Virginia, Glenn Youngkin announced, the new facility will create 30 new jobs:
"The Port of Virginia's strategic investments and transportation infrastructure enable international businesses to easily import, export and distribute their products, making the Commonwealth a prime launch point into the U.S. market … and we are proud to welcome Certified Origins to Virginia."
"The state of Virginia has an outstanding port, which is a key part of our logistics chain," said Certified Origins Managing Director Nacho Nuez. "Having a high-volume, efficient, and state-of-the-art port was a key deciding factor for the location…we can easily ship to distribution centers by truck or rail from our manufacturing facility or from the port. The Hampton Roads area has a large pool of skilled workers that we feel would be an ideal fit for our state-of-the-art facility. The area is also very attractive to potential new employees for its reasonable cost of living, activities, and proximity to Washington, D.C. and the Outer Banks."
This decision comes from the need to meet the increasing demand for healthy ingredients in the USA and Canada and our intention to mitigate the economic and environmental impact of freight in our supply chain.
"Reducing CO2 generation on maritime transport aligns with what we believe in Certified Origins. We believe it will bring economic savings on logistics costs to our customers and help the environment simultaneously." Says Giovanni Quaratesi, Director of Sales and Business Development. "We are very attentive to sustainability, and that is why we also use recycled raw materials and continuously invest in research and alternative packaging solutions."
Certified Origins has a strong culture and history of prioritizing sustainability, with other initiatives implemented across their various global facilities including zero-waste policies and solar panels for renewable energy.
Blockchain traceability technology investment, through Oracle, goes hand-in-hand with their sustainability strategy. It enables them to track their goods for operational and supply chain efficiency, food waste reduction, and support rural economies and biodiversity at the source.
CONTACT: info@certifiedorigins.com
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| 2022-04-20T21:08:00Z
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BOISE, Idaho, April 20, 2022 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. (NYSE: CWAN), ("Clearwater Analytics" or the "Company") will release financial results for the first quarter ended March 31, 2022 after the U.S. financial markets close on Wednesday, May 4, 2022.
In conjunction with this announcement, Clearwater Analytics will host a conference call on May 4, 2022 at 5:00 p.m. ET through a live webcast available on the Company's investor relations website. Participants must visit investors.clearwateranalytics.com in advance to register, download, and install any necessary audio software. A replay of the webcast will be available on the Company's investor relations website, in addition to a press release related to the financial results, related financial tables, and the call transcript.
As the industry-leading SaaS solution for investment accounting and reporting, Clearwater enables growth of assets under management (AUM) for more than 1,100 clients including global insurers, asset managers, corporations, pension plans, and governments. Each day, Clearwater automates data collection, reconciliation, compliance, risk, and performance reporting across $5.9T of AUM with its comprehensive cloud platform and best-in-class service team.
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| 2022-04-20T21:08:11Z
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BOISE, Idaho, April 20, 2022 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment accounting, reporting, and analytics solutions, today announced that members of its executive leadership team will be participating in the following investor conferences in the second quarter of 2022.
Sandeep Sahai, Chief Executive Officer, and Jim Cox, Chief Financial Officer, will join a fireside chat and participate in one-on-one meetings at the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference in Boston on Tuesday, May 24, 2022.
Mr. Cox will participate in one-on-one meetings virtually at the Loop Capital Markets Third Annual Investor Conference on Wednesday, June 1, 2022.
Mr. Sahai will present at and participate in one-on-one meetings at the William Blair 42nd Annual Growth Stock Conference in Chicago on Tuesday, June 7, 2022.
Mr. Sahai will join a fireside chat and participate in one-on-one meetings at the Morgan Stanley US Financials, Payments & CRE Conference in New York City on Tuesday, June 14, 2022.
Mr. Cox will present at the Oppenheimer Annual Software Bus Tour in Santa Clara on Thursday, June 16, 2022.
Webcasts from these conferences will be made available on Clearwater Analytics' investor relations website at investors.clearwateranalytics.com.
About Clearwater Analytics
As the industry-leading SaaS solution for investment accounting and reporting, Clearwater enables growth of assets under management (AUM) for more than 1,100 clients including global insurers, asset managers, corporations, pension plans, and governments. Each day, Clearwater automates data collection, reconciliation, compliance, risk, and performance reporting across $5.9T of AUM with its comprehensive cloud platform and best-in-class service team.
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| 2022-04-20T21:08:17Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported operating results for the three months ended March 31, 2022. The operating results along with the accompanying earnings presentation can be viewed at Cohen & Steers Reports Results for First Quarter 2022 and on the company's website at www.cohenandsteers.com under "Company—Investor Relations—Press Releases."
The company will host a conference call tomorrow, April 21, 2022, at 10:00 a.m. (ET) to discuss these results via webcast and telephone. Hosting the call will be chief executive officer and president, Joseph Harvey, chief financial officer, Matthew Stadler, and chief investment officer, Jon Cheigh.
Investors and analysts can access the live conference call by dialing 877-384-2165 (U.S.) or +1-212-231-2930 (international); passcode: 22017395. Participants should plan to register at least 10 minutes before the conference call begins. A replay of the call will be available for two weeks starting at approximately 12:00 p.m. (ET) on April 21, 2022 and can be accessed at 800-633-8284 (U.S.) or +1-402-977-9140 (international); passcode: 22017395. Internet access to the webcast, which includes audio (listen-only), will be available on the company's website at www.cohenandsteers.com under "Company—Investor Relations—Overview." The webcast will be archived on the website for one month.
Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong and Tokyo.
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| 2022-04-20T21:08:24Z
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SACRAMENTO, Calif., April 20, 2022 /PRNewswire/ -- Ethics legislation to shine a light on insurance industry influence over decision-making at the Department of Insurance was killed by the Assembly Insurance Committee today when members refused to give the bill a vote.
AB 2323 (Levine) would have required the Insurance Commissioner and top-level appointees to publicly disclose meetings and communications with the insurance industry and others seeking to influence Department actions within seven days, and post these reports on the Department website quarterly.
The bill was presented in committee today and Assemblymember Wood moved for a vote, but no other committee member seconded the motion. Without a second, the bill did not get a vote.
The Committee refused to hold a hearing on two other bills imposing mandates on the insurance industry: AB 1694 to require insurance companies disclose their fossil fuel underwriting and investments, and AB 1755 to require insurance companies offer home insurance to policyholders who meet state standards to protect their homes from wildfire.
Insurance companies have made $1.5 million in campaign contributions to members of the Assembly Insurance Committee over the last four years, including $231,000 to Committee Chair Tom Daly.
"It's anti-democratic and demonstrates the insurance industry's capture of the Assembly Insurance Committee that members refused to even allow a vote on a transparency bill that would have shone light on industry influence at the Department of Insurance," said Carmen Balber, executive director of Consumer Watchdog.
Another Department of Insurance ethics bill, AB 1783 (Levine), will be heard in the Assembly Elections committee next week. It would amend the Political Reform Act to require individuals hired to represent companies seeking mergers before the Department register as lobbyists and disclose how much they are paid.
The ethics bills follow revelations of a pay-to-play scandal involving campaign contributions and meetings between Insurance Commissioner Ricardo Lara and insurance company representatives seeking to influence Department enforcement actions and a merger.
"The public has a right to know who is influencing the Insurance Commissioner's decisions proactively and should not have to wait until a scandal spurs investigation for such influence to be uncovered," said Carmen Balber, executive director of Consumer Watchdog, in testimony before the committee today. "Transparency is necessary to restore the public's confidence in the operations and independence of the Department of Insurance."
A media investigation in 2019 found that Insurance Commissioner Ricardo Lara took $54,000 in campaign contributions from individuals linked to two insurance companies with matters before the agency. One of them, Applied Underwriters, was being investigated by the Department for overcharging businesses for workers compensation insurance. The Commissioner subsequently intervened in proceedings involving the company, reversing Administrative Law Judge decisions.
Commissioner Lara later admitted that he had met with the President of Applied Underwriters prior to intervening in the proceedings, and, critically, that intervention in the proceedings was discussed, as well as the status of a merger that also required the Commissioner's approval.
Additionally, throughout the course of a Public Records Act request and ensuing lawsuit that followed the revelations, Consumer Watchdog discovered that other officials at the CDI had undisclosed conversations with representatives of the insurance company, including lobbyists who were secretly promised a $2 million success fee for influencing the merger.
Learn more about the case: https://www.consumerwatchdog.org/insurance/new-evidence-reveals-commissioner-lara-and-top-staff-hid-communications-about-meetings
Read Consumer Watchdog's letter in support of AB 2323.
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| 2022-04-20T21:08:31Z
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MEXICO CITY, April 20, 2022 /PRNewswire/ -- Corporación Inmobiliaria Vesta S.A.B. de C.V., ("Vesta", or the "Company") (BMV: VESTA), one of the leading pure-play industrial real estate companies in Mexico, today announced results for the first quarter ended March 31, 2022. All figures included herein were prepared in accordance with International Financial Reporting Standards (IFRS) and are stated in US dollars unless otherwise noted.
Q1 2022 Highlights
- Vesta's development pipeline continued to expand during the quarter; projects under construction reached 2.7 million sf in 1Q22 reflecting an estimated US$ 150.7 million of investment with a 9.9% return on cost. During the quarter Vesta increased its development pipeline by 1.3 million sf and began construction on six inventory buildings in Monterrey, Tijuana, Guadalajara and Queretaro which are regions with continued strong demand and record-low vacancy.
- The Company increased its presence within target markets through strategically relevant land acquisitions. In Ciudad Juárez, Vesta acquired land to develop 1.25 million sf for its new Vesta Park Juárez Oriente on prime real estate located in close proximity to the commercial border crossing between Ciudad Juárez and El Paso. In Monterrey, Vesta acquired land to develop 1.35 million square feet for the Vesta Park Monterrey Apodaca Phase 2 while also securing land to ensure future expansion ahead of continued strong demand in the Monterrey area.
- First quarter 2022 leasing activity reached 2.2 million sf. This represented 1.3 million sf in lease renewals, 821,871 sf in new contracts with existing clients and a new lease signed with Amazon. 1Q22 total portfolio occupancy therefore increased to reached 93.8%, from 90.0% in 1Q21, stabilized occupancy increased to 94.3%, from 90.6% in 1Q21, and same store occupancy increased to 94.1%, from 91.1% in 1Q21.
- Vesta delivered strong financial results for the first quarter of the year with a 9.4% year on year revenue increase to US$ 42.0 million, from US$ 38.4 million in 1Q21. This increase is primarily due to a US$ 2.55 million inflationary impact and a US$ 4.20 million impact resulting from new revenue-generating contracts on 1Q22 results. 1Q22 NOI and EBITDA margins reached 96.2% and 84.3%, respectively.
- In line with the Company's Level 3 Strategy, 1Q22 NAV per share increased 8.4% to US$ 2.62, from US$ 2.42 in 1Q21, while pretax FFO increased 11.7% to US$ 25.0 million compared to US$ 22.4 million in 1Q21. 1Q22 pretax FFO per share decreased 7.3% to US$ 0.0360, from US$ 0.0389 in 1Q21, due to a year on year comparison which encompassed Vesta's follow on offering at the beginning of 2021.
- Net Operating Income (NOI) increased 8.5% to US$ 40.4 million in 1Q22, compared to US$ 37.2 million in 1Q21. 1Q22 NOI margin was 96.2%; a 76-basis-point year on year decrease due to increased property costs.
- EBITDA increased 5.9% to US$ 35.4 million in the 1Q22, as compared to US$ 33.4 million in 1Q21. 1Q22 EBITDA margin was 84.3%; a 276-basis-point decrease due to higher administrative expenses as compared to the same quarter last year.
- 1Q22 pre-tax funds from operations (pre-tax FFO) increased 11.7% to US$ 25.0 million, from US$ 22.4 million for the same period in 2021. Pretax FFO per share was US$ 0.0360 for the first quarter 2022, compared with US$ 0.0389 for the same period in 2021; a 7.3% decrease. 1Q22 after tax FFO was US$ 15.86 million, compared to US$ 16.87 million in 1Q21. This decrease was due to higher taxes in 1Q22.
- 1Q22 total comprehensive gain was US$ 55.3 million, versus US$ 13.5 million for the same quarter in 2021. This increase was primarily due to an increase in investment property valuation.
- The total value of Vesta's investment property portfolio was US$ 2.38 billion as of March 31, 2022; a 5.4% increase compared to US$ 2.26 billion at the end of December 31, 2021.
For a full version of Corporación Inmobiliaria Vesta First Quarter 2022 Earnings Release please visit: https://www.vesta.com.mx/investors/financial_information
CONFERENCE CALL INFORMATION:
Vesta will host a conference call on Thursday, April 21, 2022 to discuss these results at 1:00 p.m. Eastern Time / 12:00 p.m. Central Time (Mexico City Time).
To access the call, please dial:
US, toll-free: +1 877-423-9813
International, toll: +1 201-689-8573
Mexico, toll-free: +1 800-522-0034
A replay will be available from 4 p.m. on April 21 until May 5, 2022 and can be accessed by dialing:
US, toll-free: +1 844-512-2921
International, toll: +1 412-317-6671
Replay ID: 13728399
About Vesta
Vesta is a best-in-class, fully integrated real estate company that owns, manages, acquires, sells, develops and re-develops industrial properties in Mexico. As of March 31, 2022, Vesta owned 190 properties located in modern industrial parks in 15 states of Mexico totaling a GLA of 31.4 million ft2 (2.91 million m2). The Company has multinational clients, which are focused in industries such as e-commerce/retail, aerospace, automotive, food and beverage, logistics, medical devices, and plastics, among others. For additional information visit: www.vesta.com.mx.
Note on Forward-Looking Statements
This report may contain certain forward-looking statements and information relating to the Company that reflects the current views and/or expectations of the Company and its management with respect to its performance, business and future events. Forward looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words like "believe," "anticipate," "expect," "envisages," "will likely result," or any other words or phrases of similar meaning. Such statements are subject to a number of risks, uncertainties and assumptions. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, regional and local economic and political climates; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties; (v) tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain; (vii) environmental uncertainties, including risks of natural disasters; (viii) risks related to the outbreak and spread of COVID-19 and the measures that governments, agencies, law enforcement and/or health authorities implement to address it; and (ix) those additional factors discussed in reports filed with the Bolsa Mexicana de Valores. We caution you that these important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation and in oral statements made by authorized officers of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as may be required by law.
Contact Information:
Juan Sottil, CFO
+52 55 5950-0070 ext. 133
jsottil@vesta.com.mx
Fernanda Bettinger, IRO
+52 55 5950-0070 ext. 163
mfbettinger@vesta.com.mx
investor.relations@vesta.com.mx
Barbara Cano, InspIR Group
+1 646 452-2334
barbara@inspirgroup.com
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| 2022-04-20T21:08:37Z
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Company is Committed to Safety and Helping Parents Address Affected Units
CANTON, Mass., April 20, 2022 /PRNewswire/ -- CYBEX, a leading manufacturer and marketer of infant and juvenile products, today initiated a voluntary safety recall of select U.S. versions of the Sirona M convertible car seats due to some children accessing and picking off the foam from the headrest through a small opening in the headrest cover set. The foam pieces are very small, are generally spherical with no sharp edges, and are non-toxic. However, these very small foam pieces could be a choking hazard. There have been no reports to CYBEX of injuries to children in connection with the foam from the U.S. Sirona M. The car seat continues to meet all requirements for crashworthiness. The affected U.S. versions of the Sirona M car seat can continue to be used to transport children safely.
This voluntary U.S. recall involves the Sirona M seats built before September 1, 2018 with Model Numbers 518000385, 518000387, 518002145, 518002145, 518002149, 518002151, 518002153, and 519000211.
The company will send a consumer notice to registered owners of the affected seats on or about May 9, 2022 to inform them of the action and is working with retailers to ensure that impacted Sirona M car seats are no longer available for sale. CYBEX will also make available a free product improvement kit that includes manufacturer-approved adhesive tape and instructions for proper application.
The company requests that owners of affected seats contact CYBEX for a free product improvement kit by calling 1-877-242-5676 between 8 am and 5 pm ET, Monday through Friday. Customers should not return seats to retailers where purchased. Importantly, the U.S. Sirona M car seat affected by this recall meets all safety requirements, so it may be used while consumers wait for the product improvement kit.
About CYBEX
CYBEX is a leading manufacturer and marketer of infant and juvenile products. Safety is CYBEX's number-one priority which is why all products are designed, engineered and rigorously tested with the goal of truly creating a safer more peaceful ride for both children and caregivers. Columbus Trading-Partners U.S., Inc ("CTP") is the United States distributor for CYBEX.
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| 2022-04-20T21:08:44Z
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MAUMEE, Ohio, April 20, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that its board of directors has declared a dividend on its common stock.
The board declared a quarterly dividend of $0.10 per share, payable May 27, 2022, to holders of Dana common stock as of May 6.
About Dana Incorporated
Dana is a leader in the design and manufacture of highly efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The company is shaping sustainable progress through its conventional and clean-energy solutions that support nearly every vehicle manufacturer with drive and motion systems; electrodynamic technologies, including software and controls; and thermal, sealing, and digital solutions.
Based in Maumee, Ohio, USA, the company reported sales of $8.9 billion in 2021 with 40,000 people in 31 countries across six continents. Founded in 1904, Dana was named one of "America's Most Responsible Companies 2022" by Newsweek for its emphasis on sustainability and social responsibility. The company is driven by a high-performance culture that focuses on valuing others, inspiring innovation, growing responsibly, and winning together, earning it global recognition as a top employer. Learn more at dana.com.
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| 2022-04-20T21:08:51Z
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BERRYVILLE, Va., April 20, 2022 /PRNewswire/ -- Eagle Financial Services, Inc. (OTCQX: EFSI), the holding company for Bank of Clarke County, whose divisions include Eagle Investment Group, declared a regular cash dividend on April 20, 2022, of $0.28 per common share payable May 16, 2022, to shareholders of record on May 2, 2022.
The Bank of Clarke County offers a wide range of retail and commercial banking services, including demand, savings, and time deposits and consumer and commercial loans. The Bank also offers both a trust department and investment services. The Bank has 12 full-service branches, two loan production offices, and one drive-through only facility. The Bank serves Northern Virginia and the Shenandoah Valley area, with branches located in Clarke County, Fredrick County VA, Loudon County, Fairfax County, Frederick County MD, and the Towns of Leesburg and Purcellville, and the City of Winchester. The Company's common stock trades on the OTC Markets Group's OTCQX Market under the symbol EFSI.
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| 2022-04-20T21:08:58Z
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SANTA CLARA, Calif., April 20, 2022 /PRNewswire/ -- eHealth, Inc. (NASDAQ: EHTH), a leading private online health insurance marketplace, today announced that the company plans to release first quarter 2022 financial results on May 3, 2022.
The company will hold an earnings conference call beginning at 5:00 p.m. Eastern Time on May 3rd to discuss these results. The call will be hosted by eHealth's chief executive officer, Francis Soistman and eHealth's chief financial officer, Christine Janofsky.
Individuals interested in listening to the conference call may do so by dialing (877) 930-8066 for domestic callers or (253) 336-8042 for international callers. The participant passcode is 3371197.
A telephone replay will be available two hours following the conclusion of the call for a period of 7 days and can be accessed by dialing (855) 859-2056 for domestic callers or (404) 537-3406 for international callers. The call ID for the replay is 3371197. The live and archived webcast of the call will also be available on the company's website at www.ehealthinsurance.com under the Investor Relations section.
About eHealth, Inc.
eHealth, Inc. (NASDAQ: EHTH) operates a leading health insurance marketplace at eHealth.com and eHealthMedicare.com with technology that provides consumers with health insurance enrollment solutions. Since 1997, we have connected more than 8 million members with quality, affordable health insurance, Medicare options, and ancillary plans. Our proprietary marketplace offers Medicare Advantage, Medicare Supplement, Medicare Part D prescription drug, individual, family, small business and other plans from approximately 200 health insurance carriers across fifty states and the District of Columbia.
Investor Contact:
Kate Sidorovich, CFA
SVP, Investor Relations and Strategy
650-210-3111
Kate.sidorovich@ehealth.com
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| 2022-04-20T21:09:04Z
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TAMPA, Fla., April 20, 2022 /PRNewswire/ -- Emera Technologies is pleased to announce the hiring of Vice President, Bobbi Dillow-Walsh, who will lead the commercial efforts to advance decarbonization, resiliency, and the digitalization of energy approval for its BlockEnergy® microgrid platform.
With more than 20 years in the energy field, her global perspective and entrepreneurial spirit has led Dillow-Walsh to be recognized for her work with many first-of-their-kind projects and solutions designed for resilient and sustainable energy. Her career has focused on creating strong collaboration and partnerships that deliver economic value and promote cleaner energy technology. As the former Commercial Director for Schneider Electric's eMobility business, her team led the sales strategy with industry technology leaders from Paccar, General Motors, Ford, Rivian Motors, and others to develop sustainable electrification & battery production solutions.
Dillow-Walsh launched her career with ABB Power Grids as a sales engineer and has held industry roles in Marketing, Product Development, Strategic Accounts, and Business Development in energy applications for nuclear generation, commercial & industrial buildings, advanced distribution system software, public-private community microgrids, and eMobility. Bobbi is a graduate of the Virginia Tech Pamplin College of Business and has an MBA from King University.
Rob Bennett, CEO and founder of Emera Technologies, shared, "As the newest member of the Emera Technologies leadership team, Dillow-Walsh will be an important asset. She is enthusiastic about building diverse, equitable, and inclusive teams in the energy sector. Her experience and drive will undoubtably help pave the way for advances within Emera, and industry wide."
When asked about this new role, Dillow-Walsh said, "I'm excited and humbled to have the opportunity to work with this team and bring more clean, reliable energy solutions to the masses. Emera's technology has made much progress over the past couple of years and we're at a pivotal time in the energy transition to finally enable faster adoption of clean energy with a model that makes perfect sense."
About BlockEnergy
BlockEnergy is the world's first distributed renewable energy platform for new communities of all sizes. A truly plug-and-play energy system, BlockEnergy is comprised of a simple kit of parts, able to be installed by local utilities as a capital asset to deliver the most advanced, secure, resilient power available. Scalable, stormproof, and able to interoperate seamlessly with the local grid when needed, BlockEnergy allows new communities to benefit from a seamless platform combining rooftop solar, energy storage, and smart distributed controls.
About Emera Technologies
Emera Technologies is a dedicated and nimble organization focused on developing new ways to deliver renewable energy to customers. Headquartered in Tampa, Florida, the team engages experts, research organizations, and technology leaders to capitalize on the disruptive challenges and innovation opportunities in today's energy industry. For more information on Emera Technologies, please visit https://blockenergy.com/. Emera Technologies is a wholly owned subsidiary of Emera Inc., a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with more than 2.5 million customers.
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| 2022-04-20T21:09:10Z
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NEW ORLEANS, April 20, 2022 /PRNewswire/ -- Entergy will report its first-quarter 2022 financial results before the market opens Wednesday, April 27.
Leo Denault, chairman and chief executive officer, Drew Marsh, executive vice president and chief financial officer, and other company leaders invite you to listen to a live webcast discussion of Entergy's financial results at 10 a.m. Central time the same day. To access the webcast, visit entergy.com/investors or dial 844-309-6569 and use conference ID 7789889.
The presentation materials will be available on Entergy's website before the market opens on the day of the call. An archived replay of the webcast will be available through May 4 on Entergy's Investor Relations website at entergy.com/investors. From time to time, Entergy posts new and/or revised materials on its website and on social media and anticipates doing so in connection with this event.
About Entergy
Entergy (NYSE: ETR), a Fortune 500 company headquartered in New Orleans, powers life for 3 million customers across Arkansas, Louisiana, Mississippi and Texas. Entergy is creating a cleaner, more resilient energy future for everyone with our diverse power generation portfolio, including increasingly carbon-free energy sources. With roots in the Gulf South region for more than a century, Entergy is a recognized leader in corporate citizenship, delivering more than $100 million in economic benefits to local communities through philanthropy and advocacy efforts annually over the last several years. Our approximately 12,500 employees are dedicated to powering life today and for future generations. Learn more at entergy.com and follow @Entergy on social media. #WePowerLife
Download a high-resolution Entergy logo here.
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| 2022-04-20T21:09:16Z
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BREA, Calif., April 20, 2022 /PRNewswire/ -- Envista Holdings Corporation (NYSE: NVST) ("Envista") today announced the completion of the acquisition of Carestream Dental's Intraoral Scanner business. As previously announced, this business will be rebranded as DEXIS and will operate as part of the Envista Equipment and Consumables Segment.
Envista Holdings Corporation CEO Amir Aghdaei said, "We are very excited to add a suite of world-class intra-oral scanners and software to our portfolio. Intra-oral scans are often the first step in the digital workflow and critical to many high value dental procedures including implants, prosthetics, and aligners. This acquisition further enables our purpose of partnering with dental professionals to improve patients' lives by digitizing, personalizing, and democratizing dental care."
The business acquired does not include Carestream Dental's Imaging Equipment or Practice Management businesses.
Additional details about the transaction will be set forth in a Current Report on Form 8-K to be filed by Envista and available at www.sec.gov.
ABOUT ENVISTA
Envista is a global family of more than 30 trusted dental brands, including Nobel Biocare, Ormco, and Kerr, united by a shared purpose: to partner with professionals to improve lives. Envista helps its customers deliver the best possible patient care through industry-leading dental consumables, solutions, technology, and services. Our comprehensive portfolio, including dental implants and treatment options, orthodontics, and digital imaging technologies, covers a wide range of dentists' clinical needs for diagnosing, treating, and preventing dental conditions as well as improving the aesthetics of the human smile. With a foundation comprised of the proven Envista Business System (EBS) methodology, an experienced leadership team, and a strong culture grounded in continuous improvement, commitment to innovation, and deep customer focus, Envista is well equipped to meet the end-to-end needs of dental professionals worldwide. Envista is one of the largest global dental products companies, with significant market positions in some of the most attractive segments of the dental products industry. For more information, please visit www.envistaco.com.
FORWARD-LOOKING STATEMENTS
Certain statements in this press release are "forward-looking" statements within the meaning of the federal securities laws. There are a number of important factors that could cause actual results, developments, and business decisions to differ materially from those suggested or indicated by such forward-looking statements and you should not place undue reliance on any such forward-looking statements. These factors include, among other things, the effect of the announcement of the completion of the transaction on the Company's business relationships, operating results, share price or business generally, the outcome of any legal proceedings that may be instituted against the Company related to the transaction, the failure to realize the expected benefits resulting from the transaction, the impact of the COVID-19 pandemic, including new variants of the virus, the pace of recovery in the markets in which we operate, global supply chain disruptions and potential staffing shortages, the conditions in the U.S. and global economy, the markets served by us and the financial markets, the impact of our debt obligations on our operations and liquidity, developments and uncertainties in trade policies and regulations, contractions or growth rates and cyclicality of markets we serve, fluctuations in inventory of our distributors and customers, loss of a key distributor, our relationships with and the performance of our channel partners, competition, our ability to develop and successfully market new products and services, the potential for improper conduct by our employees, agents or business partners, our compliance with applicable laws and regulations (including regulations relating to medical devices and the health care industry), the results of our clinical trials and perceptions thereof, penalties associated with any off-label marketing of our products, modifications to our products that require new marketing clearances or authorizations, our ability to effectively address cost reductions and other changes in the health care industry, our ability to successfully identify and consummate appropriate acquisitions and strategic investments, our ability to integrate the businesses we acquire and achieve the anticipated benefits of such acquisitions, contingent liabilities relating to acquisitions, investments and divestitures, security breaches or other disruptions of our information technology systems or violations of data privacy laws, our ability to adequately protect our intellectual property, the impact of our restructuring activities on our ability to grow, risks relating to currency exchange rates, changes in tax laws applicable to multinational companies, litigation and other contingent liabilities including intellectual property and environmental, health and safety matters, risks relating to product, service or software defects, risks relating to product manufacturing, commodity costs and surcharges, our ability to adjust purchases and manufacturing capacity to reflect market conditions, reliance on sole or limited sources of supply, the impact of regulation on demand for our products and services, labor matters, international economic, political, legal, compliance and business factors, and disruptions relating to war, terrorism, climate change, widespread protests and civil unrest, man-made and natural disasters, public health issues and other events. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in our SEC filings, including our Annual Report on Form 10-K for fiscal year 2021 and our Quarterly reports on Form 10-Q. These forward-looking statements speak only as of the date of this press release and except to the extent required by applicable law, we do not assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments or otherwise.
CONTACT
Stephen Keller
Investor Relations
Envista Holdings Corporation
200 S. Kraemer Blvd., Building E
Brea, CA 92821
Telephone: (714) 817-7000
Fax: (714) 817-5450
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| 2022-04-20T21:09:23Z
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PITTSBURGH, April 20, 2022 /PRNewswire/ -- EQT Corporation (NYSE: EQT) today declared a quarterly cash dividend of $0.125 per share, payable on June 1, 2022, to shareholders of record at the close of business on May 11, 2022.
Investor Contact:
Cameron Horwitz
Managing Director, Investor Relations & Strategy
412.395.2555
Cameron.Horwitz@eqt.com
About EQT Corporation
EQT Corporation is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors, and communities, and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day – trust, teamwork, heart, and evolution are at the center of all we do. To learn more, visit eqt.com.
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| 2022-04-20T21:09:29Z
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MEXICO CITY, April 20, 2022 /PRNewswire/ -- FIBRA Prologis (BMV:FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in Mexico, today reported results for the first quarter 2022.
HIGHLIGHTS FROM THE QUARTER:
- Period-end occupancy was 97.6 percent.
- Net effective rents on rollover were 11.3 percent.
- Weighted average customer retention was 89.2 percent.
- Same store cash NOI was 3.7 percent.
- Acquisitions during the quarter totaled US$68 million.
- Achieved green certifications across 50 percent of portfolio -- a year ahead of schedule.
Net earnings per CBFI was Ps. 5.0689 (US$0.2467) for the quarter compared with Ps. 0.9395 (US$0.0468) for the same period in 2021.
Funds from operations (FFO), as modified by FIBRA Prologis per CBFI, was Ps. 0.9656 (US$0.0468) for the quarter compared with Ps. 0.8681 (US$0.0433) for the same period in 2021.
SOLID OPERATING RESULTS
"FIBRA Prologis had an excellent start to 2022, with operating and financial results above expectations," said Luis Gutiérrez, CEO, Prologis Property Mexico. "Market conditions remain favorable, with demand for logistics real estate across our six markets stronger than we had anticipated."
STRONG FINANCIAL POSITION
As of March 31, 2022, FIBRA Prologis' leverage was 29.4 percent and liquidity was approximately Ps. 6.0 billion (US$304 million), which included Ps. 5.7 billion (US$285 million) of available capacity on its unsecured credit facility and Ps. 376 million (US$19 million) of unrestricted cash.
UPDATED GUIDANCE FOR 2022
WEBCAST & CONFERENCE CALL INFORMATION
FIBRA Prologis will host a live webcast/conference call to discuss quarterly results, current market conditions and future outlook. Here are the event details:
- Thursday, April 21, 2022, at 9 a.m. CT/10 a.m. ET.
- Access the live webcast at www.fibraprologis.com, in the Investor Relations section, by clicking Events.
- Dial in: +1 888 330 2384 or +1 240 789 2701 and enter Passcode 3140861.
A telephonic replay will be available April 21 - May 11 at +1 800 770 2030 from the U.S. and Canada or at +1 647 362 9199 from all other countries using conference code 3140861. The replay will be posted in the Investor Relations section of the FIBRA Prologis website.
ABOUT FIBRA PROLOGIS
FIBRA Prologis is a leading owner and operator of Class-A industrial real estate in Mexico. As of March 31, 2022, FIBRA Prologis was comprised of 227 logistics and manufacturing facilities in six industrial markets in Mexico totaling 43.4 million square feet (4.0 million square meters) of gross leasable area.
FORWARD-LOOKING STATEMENTS
The statements in this release that are not historical facts are forward-looking statements. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which FIBRA Prologis operates, management's beliefs and assumptions made by management. Such statements involve uncertainties that could significantly impact FIBRA Prologis financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to rent and occupancy growth, acquisition activity, development activity, disposition activity, general conditions in the geographic areas where we operate, our debt and financial position, are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust ("FIBRA") status and tax structuring, (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings, (vii) risks related to our investments (viii) environmental uncertainties, including risks of natural disasters, (ix) risks related to the coronavirus pandemic, and (x) those additional factors discussed in reports filed with the "Comisión Nacional Bancaria y de Valores" and the Mexican Stock Exchange by FIBRA Prologis under the heading "Risk Factors." FIBRA Prologis undertakes no duty to update any forward-looking statements appearing in this release.
Non-Solicitation - Any securities discussed herein or in the accompanying presentations, if any, have not been registered under the Securities Act of 1933 or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable state securities laws. Any such announcement does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein or in the presentations, if and as applicable.
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| 2022-04-20T21:09:35Z
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- Cash Same Store NOI Grew 14.4%; Occupancy of 98.0%; Cash Rental Rates Up 12.7%
- Signed 72% of 2022 Rollovers To-Date at a Cash Rental Rate Increase of 20%
- Started Five Developments in the First Quarter Totaling 1.3 Million Square Feet, Estimated Investment of $168 Million
- Announced a Planned Development Start for Second Quarter of 83,000 Square Feet in the Inland Empire, Estimated Investment of $21 Million
- In-Process Developments Plus Planned 2Q22 Start Total $751 Million of Estimated Investment and 6.3 Million Square Feet
- 2022 FFO Guidance Increased $0.01 at the Midpoint to $2.10 to $2.20 Per Share/Unit
- In 2Q22, Closed New $425 Million Unsecured Term Loan Which Refinances the $260 Million Term Loan Previously Scheduled to Mature in 2022
- Increased First Quarter 2022 Dividend to $0.295 Per Share, a 9.3% Increase
CHICAGO, April 20, 2022 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, today announced results for the first quarter of 2022. First Industrial's diluted net income available to common stockholders per share (EPS) was $0.27, compared to $0.48 a year ago and first quarter FFO was $0.53 per share/unit on a diluted basis, compared to $0.46 per share/unit a year ago.
"Our team delivered another quarter of excellent operating results while serving the logistics needs of a broad range of customers," said Peter E. Baccile, First Industrial's president and chief executive officer. "Industrial real estate fundamentals remain strong with low vacancy levels in our markets contributing to a favorable environment for rent growth."
Portfolio Performance
- In service occupancy was 98.0% at the end of the first quarter of 2022, compared to 98.1% at the end of the fourth quarter of 2021, and 95.7% at the end of the first quarter of 2021.
- Rental rates increased 12.7% on a cash basis and increased 25.5% on a straight-line basis.
- The Company, to-date, has signed approximately 72% of 2022 rollovers by square footage at a cash rental rate increase of 20%.
- Same property cash basis net operating income before termination fees ("SS NOI") increased 14.4% reflecting higher average occupancy, increases in rental rates on new and renewal leasing, contractual rent escalations and lower free rent.
- Tenant retention of square footage up for renewal was 72.3% and leasing costs were $2.45 per square foot.
Development Leasing
During the first quarter, the Company:
- Leased 66,000 square feet at its 133,000 square-foot First Park Miami Building 9 in South Florida.
- Leased 100,000 square feet at its 200,000 square-foot First Park Miami Building 11 in South Florida.
Investment and Disposition Activities
In the first quarter, the Company:
- Commenced development of five projects totaling 1.3 million square feet, with an estimated total investment of $168 million comprised of:
- Acquired three sites in the Inland Empire and one in Northern California for $55 million that can support up to 710,000 square feet of development.
- Acquired two buildings totaling 41,000 square feet in the Inland Empire and Los Angeles plus a leased land site in Northern California for $28 million.
In the second quarter, the Company:
- Plans to commence development of one project comprised of:
- Acquired a 15,000 square-foot building in the Oakland market of Northern California for $8 million.
Capital
On April 18, 2022, the Company:
- Closed a new $425 million unsecured term loan facility that refinances its $260 million unsecured term loan facility previously scheduled to mature in September of this year. The additional proceeds will be used to pay off a maturing mortgage loan this year and pay down the line of credit. The new term loan matures on October 18, 2027 and provides for interest-only payments currently at an interest rate of SOFR plus a SOFR adjustment of 10 basis points plus a credit spread of 85 basis points based on the Company's current credit ratings and consolidated leverage ratio. This is a 25 basis point reduction in the credit spread compared to the prior term loan.
"We are pleased to close on this new $425 million term loan which will serve to refinance a $260 million term loan and a $67 million mortgage loan maturing this year," said Scott A. Musil, First Industrial's chief financial officer. "We thank our lending partners for their many years of strong support of First Industrial."
Common Stock Dividend
In the first quarter, the Company:
- Paid a common dividend of $0.295 per share/unit for the quarter ending March 31, 2022 on April 18, 2022 to stockholders of record on March 31, 2022. The new dividend rate represented an 9.3% increase from the prior rate of $0.27 per share/unit.
Outlook for 2022
"Given our first quarter performance and our outlook for the remainder of the year, we are increasing our midpoint FFO guidance by $0.01 per share," added Mr. Baccile.
The following assumptions were used for guidance:
- Average quarter-end in service occupancy of 97.5% to 98.5%, an increase of 25 basis points at the midpoint. This reflects anticipated incremental leasing in the overall portfolio expected to more than offset a revised lease-up assumption for the 644,000 square-foot facility in Baltimore from 2Q22 to 4Q22.
- Same store NOI growth on a cash basis before termination fees of 7.75% to 8.75% for the full year, an increase of 50 basis points at the midpoint.
- General and administrative expense of approximately $33.5 million to $34.5 million.
- Includes the incremental costs expected in 2022 related to the Company's developments completed and under construction as of March 31, 2022 and the aforementioned planned second quarter start of First Elm Logistics Center. In total, the Company expects to capitalize $0.09 per share of interest in 2022.
- Reflects the aforementioned $425 million term loan transaction that refinances the $260 million term loan and the expected payoff of a $67 million mortgage loan coming due in 3Q22.
- Other than the transactions discussed in this release, guidance does not include the impact of:
Conference Call
First Industrial will host its quarterly conference call on Thursday, April 21, 2022 at 10:00 a.m. CDT (11:00 a.m. EDT). The conference call may be accessed by dialing (866) 542-2938 and entering the conference ID 9392409. The conference call will also be webcast live on the Investors page of the Company's website at www.firstindustrial.com. The replay will also be available on the website.
The Company's first quarter 2022 supplemental information can be viewed at www.firstindustrial.com under the "Investors" tab.
FFO Definition
In accordance with the NAREIT definition of FFO, First Industrial calculates FFO to be equal to net income available to First Industrial Realty Trust, Inc.'s common stockholders and participating securities, plus depreciation and other amortization of real estate, plus impairment of real estate, minus gain or plus loss on sale of real estate, net of any income tax provision or benefit associated with the sale of real estate. First Industrial also excludes the same adjustments from its share of net income from unconsolidated joint ventures.
About First Industrial Realty Trust, Inc.
First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types. In total, we own and have under development approximately 68.6 million square feet of industrial space as of March 31, 2022. For more information, please visit us at www.firstindustrial.com.
Forward-Looking Information
This press release and the presentation to which it refers may contain 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 for such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on certain assumptions and describe our future plans, strategies and expectations, and are generally identifiable by use of the words "believe," "expect," "plan," "intend," "anticipate," "estimate," "project," "seek," "target," "potential," "focus," "may," "will," "should" or similar words. Although we believe the expectations reflected in forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be attained or that results will not materially differ. Factors which could have a materially adverse effect on our operations and future prospects include, but are not limited to: changes in national, international, regional and local economic conditions generally and real estate markets specifically; changes in legislation/regulation (including changes to laws governing the taxation of real estate investment trusts) local economic conditions generally and real estate markets specifically; changes in legislation/regulation (including changes to laws governing the taxation of real estate investment trusts) and actions of regulatory authorities; the uncertainty and economic impact of pandemics, epidemics or other public health emergencies or fear of such events, such as the outbreak of coronavirus disease 2019 (COVID-19); our ability to qualify and maintain our status as a real estate investment trust; the availability and attractiveness of financing (including both public and private capital) and changes in interest rates; the availability and attractiveness of terms of additional debt repurchases; our ability to retain our credit agency ratings; our ability to comply with applicable financial covenants; our competitive environment; changes in supply, demand and valuation of industrial properties and land in our current and potential market areas; our ability to identify, acquire, develop and/or manage properties on favorable terms; our ability to dispose of properties on favorable terms; our ability to manage the integration of properties we acquire; potential liability relating to environmental matters; defaults on or non-renewal of leases by our tenants; decreased rental rates or increased vacancy rates; higher-than-expected real estate construction costs and delays in development or lease-up schedules; potential natural disasters and other potentially catastrophic events such as acts of war and/or terrorism; litigation, including costs associated with prosecuting or defending claims and any adverse outcomes; risks associated with our investments in joint ventures, including our lack of sole decision-making authority; and other risks and uncertainties described under the heading "Risk Factors" and elsewhere in our annual report on Form 10-K for the year ended December 31, 2021, as well as those risks and uncertainties discussed from time to time in our other Exchange Act reports and in our other public filings with the SEC. We caution you not to place undue reliance on forward-looking statements, which reflect our outlook only and speak only as of the date of this press release or the dates indicated in the statements. We assume no obligation to update or supplement forward-looking statements. For further information on these and other factors that could impact us and the statements contained herein, reference should be made to our filings with the SEC.
A schedule of selected financial information is attached.
(a) Investors in, and analysts following, the real estate industry utilize funds from operations ("FFO"), net operating income ("NOI"), adjusted EBITDA and adjusted funds from operations ("AFFO"), variously defined below, as supplemental performance measures. While we believe net income available to First Industrial Realty Trust, Inc.'s common stockholders and participating securities, as defined by GAAP, is the most appropriate measure, we consider FFO, NOI, adjusted EBITDA and AFFO, given their wide use by, and relevance to investors and analysts, appropriate supplemental performance measures. FFO, reflecting the assumption that real estate asset values rise or fall with market conditions, principally adjusts for the effects of GAAP depreciation and amortization of real estate assets. NOI provides a measure of rental operations, and does not factor in depreciation and amortization and non-property specific expenses such as general and administrative expenses. Adjusted EBITDA provides a tool to further evaluate the ability to incur and service debt and to fund dividends and other cash needs. AFFO provides a tool to further evaluate the ability to fund dividends. In addition, FFO, NOI, adjusted EBITDA and AFFO are commonly used in various ratios, pricing multiples/yields and returns and valuation calculations used to measure financial position, performance and value.
In accordance with the NAREIT definition of FFO, we calculate FFO to be equal to net income available to First Industrial Realty Trust, Inc.'s common stockholders and participating securities, plus depreciation and other amortization of real estate, plus impairment of real estate, minus gain or plus loss on sale of real estate, net of any income tax provision or benefit associated with the sale of real estate. We also exclude the same adjustments from our share of net income from unconsolidated joint ventures.
NOI is defined as our revenues, minus property expenses such as real estate taxes, repairs and maintenance, property management, utilities, insurance and other expenses.
Adjusted EBITDA is defined as NOI minus general and administrative expenses and the equity in FFO from our investment in joint ventures.
AFFO is defined as adjusted EBITDA minus interest expense, minus capitalized interest and overhead, (minus)/plus amortization of debt discounts and hedge costs, minus straight-line rent, amortization of above (below) market leases and lease inducements, minus provision for income taxes or plus benefit for income taxes not allocable to gain on sale of real estate, plus amortization of equity based compensation and minus non-incremental capital expenditures. Non-incremental capital expenditures refer to building improvements and leasing costs required to maintain current revenues plus tenant improvements amortized back to the tenant over the lease term. Excluded are first generation leasing costs, capital expenditures underwritten at acquisition and development/redevelopment costs.
FFO, NOI, adjusted EBITDA and AFFO do not represent cash generated from operating activities in accordance with GAAP and are not necessarily indicative of cash available to fund cash needs, including the repayment of principal on debt and payment of dividends and distributions. FFO, NOI, adjusted EBITDA and AFFO should not be considered as substitutes for net income available to common stockholders and participating securities (calculated in accordance with GAAP) as a measure of results of operations, cash flows (calculated in accordance with GAAP) or as a measure of liquidity. FFO, NOI, adjusted EBITDA and AFFO as currently calculated by us may not be comparable to similarly titled, but variously calculated, measures of other REITs.
In addition, we consider cash-basis same store NOI ("SS NOI") to be a useful supplemental measure of our operating performance. Same store properties include all properties owned prior to January 1, 2021 and held as an in service property through the end of the current reporting period (including certain land parcels that are leased under ground lease arrangements where we are the lessor), and developments and redevelopments that were placed in service prior to January 1, 2021 (the "Same Store Pool"). Properties which are at least 75% occupied at acquisition are placed in service, unless we anticipate tenant move-outs within two years of ownership would drop occupancy below 75%. Acquired properties with occupancy greater than 75% at acquisition, but with tenants that we anticipate will move out within two years of ownership, will be placed in service upon the earlier of reaching 90% occupancy or twelve months after move out. Acquisitions that are less than 75% occupied at the date of acquisition, developments and redevelopments are placed in service as they reach the earlier of a) stabilized occupancy (defined as 90% occupied), or b) one year subsequent to acquisition or development/redevelopment construction completion.
We define SS NOI as NOI, less NOI of properties not in the Same Store Pool, less the impact of straight-line rent, the amortization of above (below) market rent and the impact of lease termination fees. We exclude lease termination fees, straight-line rent and above (below) market rent in calculating SS NOI because we believe it provides a better measure of actual cash basis rental growth for a year-over-year comparison. In addition, we believe that SS NOI helps the investing public compare the operating performance of a company's real estate as compared to other companies. While SS NOI is a relevant and widely used measure of operating performance of real estate investment trusts, it does not represent cash flow from operations or net income as defined by GAAP and should not be considered as an alternative to those measures in evaluating our liquidity or operating performance. SS NOI also does not reflect general and administrative expense, interest expense, depreciation and amortization, income tax benefit and expense, gains and losses on the sale of real estate, equity in income or loss from our joint ventures, capital expenditures and leasing costs. Further, our computation of SS NOI may not be comparable to that of other real estate companies, as they may use different methodologies for calculating SS NOI.
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| 2022-04-20T21:09:41Z
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COLUMBUS, Ohio, April 20, 2022 /PRNewswire/ -- Four Ohio family physicians -- Kristin Oaks, D.O., Central Ohio Primary Care, Columbus; Victoria DiGennaro, D.O., Pioneer Physicians Network, Akron; Janette Froehlich, M.D., PriMed Physicians, Dayton; and Amanda Williams, D.O., South Zanesville (OH) Family Medical Center -- are helping "break the glass ceiling" for females in healthcare. They have been appointed to the agilon health Female Physician Leadership Council, a national council of women physicians whose goal is to address and find solutions for gender inequity issues in healthcare. agilon health, a company that empowers physicians to transform community health, created the council to celebrate and honor women doctors while raising awareness about specific challenges they face.
"One of those challenges is the discrepancy in salaries. Research shows females in healthcare are typically paid less than male counterparts and often underrepresented in leadership roles," says Dr. Williams, a council founding member.
A new report in Health Affairs shows a 25% lifetime pay gap between male and female physicians, which adds up to a difference of slightly more than $2 million over a 40-year practice. Females also represent only three percent of healthcare CMOs, six percent of department chairs and nine percent of division chiefs according to the American Medical Association.
Ironically, studies in peer-reviewed medical journals, such as Lancet and JAMA, conclude that in many situations, female physicians deliver better patient outcomes, including lower readmission and mortality rates.
The council's goal is to foster collaboration of women physicians across a broad network of more than 1,600 PCPs nationwide; address gaps and challenges currently impacting female physicians; and explore opportunities for improvement.
"I'm excited to be a founding member of this prestigious council," says Dr. Oaks. "We are empowering a new generation of female leaders in healthcare and assisting in the transformation of our delivery system."
About agilon health
agilon health is the trusted partner empowering physicians to transform health care in our communities. Through our partnerships and purpose-built platform, agilon is accelerating at scale how physician groups transition to a value-based, Total Care Model for senior patients. Together, agilon and its physician partners are creating the healthcare system we need – one built on the value of care, not the volume of fees. The result: healthier communities, and empowered doctors. For more information go to www.agilonhealth.com and connect with us on Twitter, Instagram, LinkedIn and YouTube.
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SOURCE agilon health
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https://www.whsv.com/prnewswire/2022/04/20/four-ohio-physicians-join-prestiguous-national-group-women-addressing-gender-inequity-healthcare/
| 2022-04-20T21:09:48Z
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BEIJING, April 20, 2022 /PRNewswire/ -- Fuwei Films (Holdings) Co., Ltd. (Nasdaq: FFHL) ("Fuwei Films" or the "Company"), a manufacturer and distributor of high-quality BOPET plastic films in China, today announced that the Company will report its unaudited financial results for the fourth quarter and full year of 2021 on Thursday, April 28, 2022 after the close of the market.
About Fuwei Films
Fuwei Films develops, manufactures and distributes high-quality plastic films using the biaxial oriented stretch technique, also known as BOPET film. Fuwei's BOPET film is widely used to package food, medicine, cosmetics, tobacco, and alcohol, as well as in the imaging, electronics, and magnetic products industries.
Safe Harbor
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are subject to risks. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the U.S. Securities and Exchange Commission which, among other things, include the significant oversupply of BOPET films resulting from the rapid growth of the Chinese BOPET industry capacity, changes in the international market and trade barriers, especially the uncertainty of the antidumping investigation and imposition of an anti-dumping duty on imports of the BOPET films originating from the People's Republic of China ("China") conducted by certain countries; uncertainty around U.S.-China trade war and its effect on the Company's operation, fluctuations of the RMB exchange rate, and our ability to obtain adequate financing for our planned capital expenditure requirements; uncertainty as to our ability to continuously develop new BOPET film products and keep up with changes in BOPET film technology; risks associated with possible defects and errors in our products; uncertainty as to our ability to protect and enforce our intellectual property rights; uncertainty as to our ability to attract and retain qualified executives and personnel; and uncertainty in acquiring raw materials on time and on acceptable terms, particularly in view of the volatility in the prices of petroleum products in recent years. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release. Actual results of our operations may differ materially from information contained in the forward-looking statements as a result of the risk factors.
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SOURCE Fuwei Films
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https://www.whsv.com/prnewswire/2022/04/20/fuwei-films-report-its-unaudited-financial-results-fourth-quarter-full-year-2021-thursday-april-28-2022/
| 2022-04-20T21:09:54Z
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- Industry leaders collaborate on world's first project to truly revolutionise the gaming experience
BERLIN and LONDON, April 20, 2022 /PRNewswire/ -- GamesCoin Group is building on Hadean's pioneering technology to develop the world's first "Play to Own" metaverse hub for gaming on the blockchain. GamesCoin Group will provide an ecosystem for gamers, game developers, publishers and advertising partners based on its own Ethereum-based blockchain - the GamesChain. The hub will enable players to seamlessly move between different games and virtual worlds, with the GamesCoin token as an integrated currency that can be used in all worlds across the hub GamesCoin Group becomes a game changer in the industry.
Players will be able to use NFTs and digital assets in their games, with the ability to transfer NFTs and assets seamlessly across all games on the GamesChain hub - enabling players to play, create and own their gaming experience throughout the metaverse.
By leveraging Hadean's proven metaverse technology to realise virtual worlds at scale, GamesCoin Group will be able to scale and support vast numbers of concurrent users, with greater level interactivity and immersive gameplay than what is currently possible today.
Until now, the impending transformation of the gaming industry has only been known to a select audience. On the 21st of April at MOMENTUM, an exclusive event taking place at MetaTerrace in Dubai that will feature mixed reality experiences and spectacular views of the Burj Khalifa and Dubai skyline the GamesCoin ecosystem will be presented to the general public for the first time.
Hadean CEO Craig Beddis said of the project: "We are thrilled to be working with GamesCoin Group at the cutting edge to develop open metaverse and web 3.0 experiences. By building the first 'play to own' gaming hub that can scale to thousands if not millions of users, we're unlocking vast potential in what's possible."
GamesCoin CEO Alex Suárez concluded: "We are very excited with this partnership to enable a truly large scale gaming hub where players can play, create and own their gaming experiences in an open and scalable metaverse: the Universe Game."
About GamesCoin Group
GamesCoin Group is unlocking an ecosystem for a whole new gaming world by combining blockchain and gaming in innovative ways to enable a digital cosmos offering countless opportunities from multi-utility NFT marketplaces for gaming items to cross-game promotions. Highly secure, compliant and user-friendly wallet technology enables gamers and partners easy accessibility to this next generation gaming ecosystem. Visit: www.gamescoin.io.
About Hadean
Founded in 2015, Hadean are a venture backed startup, reimagining distributed, spatial and scalable computing for web 3.0 and the metaverse. The distributed cloud platform provides the foundations of web 3.0 applications for the metaverse and enterprise organisations alike. Customers include Sony, CAE, Microsoft, Minecraft, the Francis Crick Institute, PixelMax and GamesCoin. Visit: www.hadean.com.
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Contacts:
Courtney Glymph courtney@yourstorypr.com
+44 (0)7867 488769
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SOURCE Hadean; GamesCoin Group
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| 2022-04-20T21:10:01Z
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Mark McClure, managing partner GenX Capital Partners announced today they placed a $12.7MM acquisition loan and construction line for a client's purchase of 27 lots at Clark's Point, Wiscasset Maine with an option for 22 more
PORTLAND, Maine, April 20, 2022 /PRNewswire/ -- Clark's Point is a picturesque, waterfront, 55 lot, 200 acre subdivision in Wiscasset, Maine that is considered to be one of the hidden gems of Maine's gorgeous, coastal towns. Miami, FL and Portland, Maine based GenX Capital Partners, one of the largest private lending and equity originators and investors in Maine and New England, was approached by a client over the past 60 days to acquire 27 of these 55 lots with an option for the most the remaining parcels once these are built out, and he jumped at the chance to finance this incredible opportunity.
"Builder Todd Erickson approached us regarding this incredible opportunity that created immense financial upside for not only him but our Boca Raton investor, Titan Funding, and we jumped at the chance to underwrite, fund it and get him in the ground ready for summer. Clark's Point is an absolutely gorgeous, coastal community with all infrastructure in place and is ripe to be taken to the next level; all it needed was a builder with vision and the dollars behind them to make it happen," McClure stated.
McClure closed on the $12.7MM acquisition loan and construction line with Titan that will initially help fund these 27 homes and included an option for an additional 22 in the future.
For more information go to www.GenXCP.com and www.GenX-Lending.com
Contact: Scott Montana, scott@genx-lending.com
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SOURCE GenX Capital Partners, LLC
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https://www.whsv.com/prnewswire/2022/04/20/genx-capital-partners-closes-127mm-27-home-clarks-point-wiscasset-development/
| 2022-04-20T21:10:07Z
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MCKINNEY, Texas, April 20, 2022 /PRNewswire/ -- Globe Life Inc. (NYSE:GL) announced today the promotions of Frank Svoboda and Matt Darden to the newly created titles of Senior Executive Vice President and Chief Financial Officer and Senior Executive Vice President and Chief Strategy Officer, respectively.
"We congratulate Frank and Matt on their well-deserved promotions which reflect the significant contributions they have made to Globe Life over the past several years," said Globe Life Co-Chairmen and Chief Executive Officers Gary Coleman and Larry Hutchison. "They have each provided outstanding executive leadership and together they bring a vast range of experience and skill sets to the Company. Frank and Matt have been instrumental in the development and execution of the Company's strategy and will continue to work closely with us on all aspects of Globe Life's business."
Globe Life Inc. is a holding company specializing in life and supplemental health insurance for middle-income families marketed through multiple distribution channels including direct to consumer, and exclusive and independent agencies.
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| 2022-04-20T21:10:14Z
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MCKINNEY, Texas, April 20, 2022 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) reported today that for the quarter ended March 31, 2022, net income was $1.64 per diluted common share, compared with $1.70 per diluted common share for the year-ago quarter. Net operating income for the quarter was $1.70 per diluted common share, compared with $1.53 per diluted common share for the year-ago quarter.
HIGHLIGHTS:
- Net income as an ROE was 8.5% for the three months ended March 31, 2022. Net operating income as an ROE excluding net unrealized gains on fixed maturities was 11.5% for the same period.
- Life premiums increased 10% at the American Income Life Division and 7% at the Liberty National Division over the year-ago quarter.
- Total health premiums increased over the year-ago quarter by 8%.
- Total life and health net sales increased 8% over the year-ago quarter.
- 880,061 shares of Globe Life Inc. common stock were repurchased during the quarter.
COVID-19 Update: In the first quarter, the Company incurred approximately $46 million of COVID life claims. We expect to incur approximately $71 million of COVID life claims for the full year at the mid-point of our guidance based on a range of $2.5 million to $3.5 million of COVID life claims per 10,000 U.S. deaths. For the full year 2022, we expect total U.S. COVID deaths to fall within a range of 200,000 to 300,000.
Note: As used in the earnings release, "Globe Life," the "Company," "we," "our," and "us" refer to Globe Life Inc., a Delaware corporation incorporated in 1979, its subsidiaries and affiliates.
GLOBE LIFE INC.
Earnings Release—Q1 2022
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
RESULTS OF OPERATIONS
Net operating income, a non-GAAP(1) financial measure, has been used consistently by Globe Life's management for many years to evaluate the operating performance of the Company, and is a measure commonly used in the life insurance industry. It differs from net income primarily because it excludes certain non-operating items such as realized investment gains and losses and certain significant and unusual items included in net income. Management believes an analysis of net operating income is important in understanding the profitability and operating trends of the Company's business. Net income is the most directly comparable GAAP measure.
The following table represents Globe Life's operating summary for the three months ended March 31, 2022 and 2021:
GLOBE LIFE INC.
Earnings Release—Q1 2022
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
MANAGEMENT VS. GAAP MEASURES
Shareholders' equity, excluding net unrealized gains on fixed maturities, and book value per share, excluding net unrealized gains on fixed maturities, are non-GAAP measures that are utilized by management to view the business without the effect of unrealized gains or losses which are primarily attributable to fluctuation in interest rates associated with the available-for-sale portfolio. Management views the business in this manner because the Company does not intend to sell, nor is it likely that management will be required to sell, the fixed maturities prior to their maturity. It creates more meaningful trends than can be more easily identified without the fluctuations. Shareholders' equity and book value per share are the most directly comparable GAAP measures.
INSURANCE OPERATIONS—comparing Q1 2022 with Q1 2021:
Life insurance accounted for 65% of the Company's insurance underwriting margin for the quarter and 70% of total premium revenue.
Health insurance accounted for 34% of the Company's insurance underwriting margin for the quarter and 30% of total premium revenue.
Net sales of life insurance and net sales of health insurance both increased 8% for the quarter.
The following table summarizes Globe Life's premium revenue by product type for the three months ended March 31, 2022 and 2021:
GLOBE LIFE INC.
Earnings Release—Q1 2022
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
INSURANCE UNDERWRITING INCOME
Insurance underwriting margin is management's measure of profitability of the Company's life, health, and annuity segments' underwriting performance, and consists of premiums less policy obligations, commissions and other acquisition expenses. Insurance underwriting income is the sum of the insurance underwriting margins of the life, health, and annuity segments, plus other income, less insurance administrative expenses. It excludes the investment segment, Parent Company expense, stock compensation expense and income taxes. Management believes this information helps provide a better understanding of the business and a more meaningful analysis of underwriting results by distribution channel. Insurance underwriting income, a non-GAAP measure, is a component of net operating income, which is reconciled to net income in the Results of Operations section above.
The following table summarizes Globe Life's insurance underwriting income by segment for the three months ended March 31, 2022 and 2021:
Administrative expenses were $73 million, up 9.7% from the year-ago quarter. The ratio of administrative expenses to premium was 6.8%, compared with 6.6% for the year-ago quarter.
GLOBE LIFE INC.
Earnings Release—Q1 2022
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
LIFE INSURANCE RESULTS BY DISTRIBUTION CHANNEL
Our distribution channels consist of the following exclusive agencies: American Income Life Division (American Income), Liberty National Division (Liberty National) and Family Heritage Division (Family Heritage); an independent agency, United American Division (United American); and our Direct to Consumer Division.
GLOBE LIFE INC.
Earnings Release—Q1 2022
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
HEALTH INSURANCE RESULTS BY DISTRIBUTION CHANNEL
GLOBE LIFE INC.
Earnings Release—Q1 2022
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
PRODUCING EXCLUSIVE AGENT COUNT RESULTS BY DISTRIBUTION CHANNEL
INVESTMENTS
Management uses excess investment income as the measure to evaluate the performance of the investment segment. It is defined as net investment income less both the required interest attributable to net policy liabilities and the interest on debt. We also view excess investment income per diluted common share as an important and useful measure to evaluate performance of the investment segment, since it takes into consideration our stock repurchase program.
The following table summarizes Globe Life's investment income, excess investment income, and excess investment income per diluted common share.
Net investment income increased 3.4%, and average invested assets increased 4.4%. Required interest on net policy liabilities increased 5.5%, and average net policy liabilities increased 4.3%. The weighted average discount rate for the net policy liabilities was 5.8% and was in line with the year-ago quarter.
GLOBE LIFE INC.
Earnings Release—Q1 2022
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
The composition of the investment portfolio at book value at March 31, 2022 is as follows:
Fixed maturities at amortized cost, net of allowance for credit losses, by asset class as of March 31, 2022 are as follows:
Below are fixed maturities available for sale by amortized cost, allowance for credit losses, and fair value at March 31, 2022 and the corresponding amounts of net unrealized gains recognized in accumulated other comprehensive income (loss).
At amortized cost, net of allowance for credit losses, 97% of fixed maturities (97% at fair value) were rated "investment grade." The fixed maturity portfolio earned an annual taxable equivalent effective yield of 5.15% during the first quarter of 2022, compared with 5.24% in the year-ago quarter.
Globe Life is not a party to any credit default swaps and does not participate in securities lending.
GLOBE LIFE INC.
Earnings Release—Q1 2022
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
Comparable information for acquisitions of fixed maturity investments is as follows:
SHARE REPURCHASE:
During the quarter, the Company repurchased 880,061 shares of Globe Life Inc. common stock at a total cost of $89 million and an average share price of $100.70.
LIQUIDITY/CAPITAL:
Globe Life's operations consist primarily of writing basic protection life and supplemental health insurance policies which generate strong and stable cash flows. These cash flows are not impacted by volatile equity markets. Liquidity at the Parent Company is sufficient to meet additional capital needs of the insurance companies.
EARNINGS GUIDANCE FOR THE YEAR ENDING DECEMBER 31, 2022:
Globe Life projects that net operating income per share will be in the range of $7.85 to $8.25 for the year ending December 31, 2022, down from our prior projection primarily due to higher COVID life policy obligations than previously anticipated.
NON-GAAP MEASURES:
In this news release, Globe Life includes non-GAAP measures to enhance investors' understanding of management's view of the business. The non-GAAP measures are not a substitute for GAAP, but rather a supplement to increase transparency by providing broader perspective. Globe Life's definitions of non-GAAP measures may differ from other companies' definitions. More detailed financial information, including various GAAP and non-GAAP measurements, is located at https://investors.globelifeinsurance.com on the Investors page under "Financial Reports and Other Financial Information."
CAUTION REGARDING FORWARD-LOOKING STATEMENTS:
This press release may contain forward-looking statements within the meaning of the federal securities laws, including statements related to the expected impact of the COVID-19 outbreak on our business operations, financial results and financial condition. These prospective statements reflect management's current expectations, but are not guarantees of future performance. Whether or not actual results differ materially from forward-looking statements may depend on numerous foreseeable and unforeseeable events or developments, which may be national in scope, related to the insurance industry generally, or applicable to the Company specifically. Such events or developments could include, but are not necessarily limited to:
1) Economic and other conditions, including the COVID-19 pandemic and its impact on the U.S. economy, leading to unexpected changes in lapse rates and/or sales of our policies, as well as levels of mortality, morbidity, and utilization of health care services that differ from Globe Life's assumptions;
2) Regulatory developments, including changes in accounting standards or governmental regulations (particularly those impacting taxes and changes to the Federal Medicare program that would affect Medicare Supplement);
3) Market trends in the senior-aged health care industry that provide alternatives to traditional Medicare (such as Health Maintenance Organizations and other managed care or private plans) and that could affect the sales of traditional Medicare Supplement insurance;
4) Interest rate changes that affect product sales and/or investment portfolio yield;
5) General economic, industry sector or individual debt issuers' financial conditions (including developments and volatility arising from the COVID-19 pandemic, particularly in certain industries that may comprise part of our investment portfolio) that may affect the current market value of securities we own, or that may impair an issuer's ability to make principal and/or interest payments due on those securities;
6) Changes in pricing competition;
7) Litigation results;
8) Levels of administrative and operational efficiencies that differ from our assumptions (including any reduction in efficiencies resulting from increased costs arising from operating during the COVID-19 pandemic);
9) The ability to obtain timely and appropriate premium rate increases for health insurance policies from our regulators;
10) The customer response to new products and marketing initiatives;
11) Reported amounts in the consolidated financial statements which are based on management estimates and judgments which may differ from the actual amounts ultimately realized;
12) Compromise by a malicious actor or other event that causes a loss of secure data from, or inaccessibility to, our computer and other information technology systems;
13) The severity, magnitude and impact of the COVID-19 pandemic, including effects of the pandemic and the effects of the U.S. government's and other businesses' response to the pandemic, on our operations and personnel, and on commercial activity and demand for our products; and
14) Globe Life's ability to access the commercial paper and debt markets, particularly if such markets become unpredictable or unstable for a certain period as a result of the COVID-19 pandemic.
Readers are also directed to consider other risks and uncertainties described in other documents on file with the Securities and Exchange Commission. Globe Life specifically disclaims any obligation to update or revise any forward-looking statement because of new information, future developments or otherwise.
EARNINGS RELEASE CONFERENCE CALL WEBCAST:
Globe Life will provide a live audio webcast of its first quarter 2022 earnings release conference call with financial analysts at 11:00 am (Eastern) tomorrow, April 21, 2022. Access to the live webcast and replay will be available at https://investors.globelifeinsurance.com on the Calls and Meetings page, at the Conference Calls on the Web icon. Immediately following this press release, supplemental financial reports will be available before the conference call on the Investors page menu of the Globe Life website at "Financial Reports."
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SOURCE Globe Life Inc.
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| 2022-04-20T21:10:20Z
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Hawaiʻi's hometown carrier and Mananalu expect to remove 284,000 plastic bottles annually
HONOLULU, April 20, 2022 /PRNewswire/ -- Hawaiian Airlines is bringing Mananalu, the water company founded by Hawaiʻi environmental activist and celebrity Jason Momoa, to its Premium Cabins to replace plastic water bottles with infinitely recyclable aluminum bottles.
Starting tomorrow, Hawaiʻi's hometown airline will begin distributing Mananalu's 16-ounce aluminum bottle to Premium Cabin guests on all U.S. East Coast and international flights. The recyclable product will also replace plastic water bottles sold on Hawaiian's Pau Hana snack cart on the carrier's flights between Hawaiʻi and its 16 continental U.S. gateway cities.
"We have remained steadfast in our commitment to source more sustainable products for our onboard service, and our Mananalu partnership helps us continue to phase-out single-use plastics and protect our oceans and environment," said Avi Mannis, chief marketing and communications officer at Hawaiian Airlines.
Hawaiian anticipates eliminating approximately 142,000 plastic bottles from its transpacific operations each year through its partnership with Mananalu. For every plastic bottle replaced onboard, Mananalu, a certified carbon neutral company and 1% for the Planet member, will divert an additional bottle away from oceans and waterways through its work with leading plastic action platform repurpose Global, resulting in an additional 142,000 bottles removed annually.
"We couldn't be more thrilled to partner with Hawaiian Airlines. Together we're reducing single-use plastic bottles on flights and removing plastic from our oceans. It's perfect brand alignment," said David Cuthbert, CEO of Mananalu.
Mananalu has worked to educate consumers about the impact of plastics on the environment since Momoa founded the company in 2019 in collaboration with the Ball Corporation, the world's largest aluminum producer. Mananalu packages its water products in BPA-free aluminum, the most recycled material across the globe, with more than 75% of all aluminum produced still utilized today. It also uses triple-filtered purified drinking water with added electrolytes and a neutral PH of approximately 7, responsibly sourced in the United States for minimal carbon impact. Consumers can purchase Mananalu products on its website, Amazon, Erewhon Market in southern California, Sprouts Farmers Market locations nationwide, and Foodland, a HawaiianMiles partner with stores throughout the Hawaiian Islands.
Through the end of April, HawaiianMiles members can also earn one mile per dollar spent on Mananalu products when shopping at any Foodland location.
Hawaiian has made significant investments toward its Environmental, Social and Governance (ESG) initiatives, including a pledge to achieve net-zero carbon emissions by 2050 through ongoing fleet modernization, more efficient flying, carbon offsets, and industry advocacy for air traffic control reform and sustainable aviation fuel development. To learn more about Hawaiian Airlines' sustainability work, visit http://www.HawaiianAirlines.com/About-Us/Corporate-Responsibility.
About Mananalu
Mana - what? Mananalu is a water brand on a mission to eradicate single-use plastic water bottles. Founded by actor, environmentalist, and Hawaiian-native, Jason Momoa, we are creating a wave of change by bottling water in infinitely recyclable aluminum. And for every bottle sold, we remove the equivalent of one plastic bottle from ocean-going waste, together with rePurpose Global. It's time to Unplastic. To learn more, visit www.mananalu.com.
About Hawaiian Airlines
Hawaiian® has led all U.S. carriers in on-time performance for each of the past 18 years (2004-2021) as reported by the U.S. Department of Transportation and was named No. 1 U.S. airline by Condé Nast Traveler's 2021 Readers Choice Awards. Consumer surveys by Travel + Leisure and TripAdvisor have placed Hawaiian among the top of all domestic airlines serving Hawaiʻi.
Now in its 93rd year of continuous service, Hawaiian is Hawaiʻi's biggest and longest-serving airline. Hawaiian offers approximately 130 daily flights within the Hawaiian Islands, daily nonstop flights between Hawaiʻi and 16 U.S. gateway cities – more than any other airline – as well as service connecting Honolulu and American Samoa, Australia, Japan, New Zealand, South Korea and Tahiti.
The airline is committed to connecting people with aloha by offering complimentary meals for all guests on transpacific routes and the convenience of no change fees on Main Cabin and Premium Cabin seats. HawaiianMiles members also enjoy flexibility with miles that never expire. As Hawai'i's hometown airline, Hawaiian encourages guests to Travel Pono and experience the islands safely and respectfully.
Hawaiian Airlines, Inc. is a subsidiary of Hawaiian Holdings, Inc. (NASDAQ: HA). Additional information is available at HawaiianAirlines.com. Follow Hawaiian's Twitter updates (@HawaiianAir), become a fan on Facebook (Hawaiian Airlines), and follow us on Instagram (hawaiianairlines). For career postings and updates, follow Hawaiian's LinkedIn page.
For media inquiries, please visit Hawaiian Airlines' online newsroom.
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| 2022-04-20T21:10:26Z
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SARASOTA, Fla., April 20, 2022 /PRNewswire/ -- Hot Chikn Kitchn, the fast casual restaurant brand that serves up Nashville-style food that's kicked up with their signature premium sauces, recently announced plans for a 200-location rollout goal. The fast casual restaurant concept began breaking ground on new restaurants in 2021 and is launching aggressive growth plans that are projected to sign and develop within the next three years.
"As we look to expand our presence, we are exploring franchise partnerships that will help carry us into a strong future," said Dave Wood, Chief Strategic Officer for Hot Chikn Kitchn. "We have a proven concept that has experienced rapid growth and we are excited to continue with that momentum with partners who share in our vision and are focused on bringing our quality brand to more markets."
New locations are already slated to open in Virginia and New Jersey. The company currently has franchise opportunities available across the U.S.
The initial franchise fee for Hot Chikn Kitchn is $40,000. The current franchising program allows potential partners to pay for this fee with certain cryptocurrencies, making the brand the first fast casual concept to accept cryptocurrency for franchise-related transactions.
Hot Chikn Kitchn was established in 2020 by co-founders Mike and Anthony Sarago, along with Founding Chef Freddy Gilmore. The flagship restaurant was opened in Woodbridge, VA with the idea of bringing Nashville-style food to the area and across the east coast. The restaurant specializes in hot chicken tenders and sandwiches that are prepared with made-to-order spices. Hot Chikn Kitchn lives up to its name with their unique and premium hot sauces that each infuses a different type of pepper.
In addition to in-restaurant dining, Hot Chikn Kitchn also offers online ordering for pickup, delivery through third party partners, and catering.
For more information, visit www.hotchiknkitchn.com. To inquire about franchising opportunities, email franchise@eatHCK.com.
About Hot Chikn Kitchn
Hot Chikn Kitchn is a Nashville-style food concept that was born from one of contemporary history's most challenging periods, the global pandemic. Co-founders Mike and Anthony Sarago, along with Founding Chef Freddy Gilmore, decided to meet the moment by creating a restaurant that would unite people from all walks of life, reminding the world that despite adversity, we have the strength to survive and thrive and can do so with great tasting food.
MEDIA CONTACT:
kmiller@inklinkmarketing.com
305.333.2809
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https://www.whsv.com/prnewswire/2022/04/20/hot-chikn-kitchn-announces-3-year-plan-develop-200-locations-with-focus-multi-unit-operators/
| 2022-04-20T21:10:32Z
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CAMBRIDGE, Mass., April 20, 2022 /PRNewswire/ -- HubSpot, the customer relationship management (CRM) platform for scaling companies, announced today that it will report its first quarter 2022 financial results after the U.S. financial markets close on Thursday, May 5, 2022.
In conjunction with this report, HubSpot will host a conference call on Thursday, May 5, 2022, at 4:30 p.m. Eastern Time (ET) to discuss the company's first quarter 2022 financial results and its business outlook.
HubSpot First Quarter 2022 Financial Results Conference Call
When: Thursday, May 5, 2022
Time: 4:30 p.m. ET
Conference ID: 67135
Live Call Registration: Dial-in Link
Webcast: Webcast Link
Replay
Domestic: 1-866-813-9403
International: +44 204 525 0658
Conference ID: 734602
An archived webcast of this conference call will also be available on HubSpot's Investor Relations website at ir.hubspot.com.
About HubSpot
HubSpot (NYSE: HUBS) is a leading CRM platform that provides software and support to help companies grow better. The platform includes marketing, sales, service, operations, and website management products that start free and scale to meet our customers' needs at any stage of growth. Today, over 135,000 customers across more than 120 countries use HubSpot's powerful and easy-to-use tools and integrations to attract, engage, and delight customers. Learn more at www.hubspot.com.
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| 2022-04-20T21:10:38Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- Integral Ad Science Holding Corp. (Nasdaq: IAS), a global leader in digital media quality, today announced that it will report first quarter 2022 financial results after the market close on Wednesday, May 11, 2022. Management will host a conference call and webcast to discuss the Company's financial results that day at 5:00 p.m. ET.
IAS First Quarter 2022 Financial Results Conference Call
Date: Wednesday, May 11, 2022
Time: 5:00 p.m. ET
Live Call: U.S./Canada Toll-Free: 877-313-2138
International: 470-495-9538
Conference ID: 2938926
Live Webcast and Replay: https://investors.integralads.com/
Integral Ad Science (IAS) is a global leader in digital media quality. IAS makes every impression count, ensuring that ads are viewable by real people, in safe and suitable environments, activating contextual targeting, and driving supply path optimization. Our mission is to be the global benchmark for trust and transparency in digital media quality for the world's leading brands, publishers, and platforms. We do this through data-driven technologies with actionable real-time signals and insight. Founded in 2009 and headquartered in New York, IAS works with thousands of top advertisers and premium publishers worldwide. For more information, visit integralads.com.
Jonathan Schaffer / Lauren Hartman
ir@integralads.com
Tony Marlow
tmarlow@integralads.com
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| 2022-04-20T21:10:45Z
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TORONTO, April 20, 2022 /PRNewswire/ - Global IT research and advisory firm Info-Tech Research Group has announced the return of its annual conference series, called Info-Tech LIVE. The first will take place in Las Vegas, Nevada, at The Cosmopolitan of Las Vegas from September 20 to 22, 2022.
Info-Tech LIVE, a three-day hands-on conference, is the authoritative voice for IT executives making technology decisions and influencing innovation. LIVE's strategically developed agenda, designed by practitioners for CIOs, senior directors, and other IT leaders, focuses on real, everyday challenges, ensuring that all attendees are engaged, productive, and challenged throughout each session.
The conference is an opportunity to learn from and connect with the best in the business. The agenda, designed to deliver business value and technology-led transformation, will feature industry keynotes, case studies, workshops, breakout sessions, industry roundtables, and in-depth one-on-one sessions with Info-Tech's analysts and other experts. LIVE's influential delegate base will be equipped with resources to make better technology decisions, influence business, and accelerate their careers as IT leaders.
Attendees to the event, which include CIOs and IT directors, can expect to:
- Learn, refine, and discover the latest advances in IT data and research.
- Form deliverables that can be taken back to the office and implemented right away.
- Network with other senior IT professionals.
- Get inspired by conversations with analysts and peers to see how IT trends are impacting their industries to better benchmark strategies.
Tickets are now available. Visit Info-Tech's events page to learn more about Info-Tech LIVE in Las Vegas and reserve a front-row seat to the future of IT. Updates and new details can be found via LinkedIn, Twitter, and Facebook over the coming months.
About Info-Tech Research Group
Info-Tech Research Group is one of the world's leading information technology research and advisory firms, proudly serving over 30,000 IT professionals. The company produces unbiased and highly relevant research to help CIOs and IT leaders make strategic, timely, and well-informed decisions. For 25 years, Info-Tech has partnered closely with IT teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.
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| 2022-04-20T21:10:51Z
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Members Will Receive Updates on Current Issues in Stability and Contingency Operations
WASHINGTON, April 20, 2022 /PRNewswire/ -- The International Stability Operations Association (ISOA) will hold its annual Europe/Africa Conference on April 26–28, 2022 in Stuttgart, Germany. The purpose of the conference is to update member companies on current issues in stability operations, identify potential business opportunities in Europe and Africa, and facilitate creating business connections. Attendees include representatives of the U.S. Department of Defense, USAID, NATO, businesses, NGOs and other stakeholders of the U.S. Government, EU and NATO contracting processes.
The conference will feature over a dozen informative panels and inspirational keynote speakers on topics such as Ukraine; logistics; security; EU and NATO contracting; and aid to Africa. Representatives from the U.S. Department of Defense and European Governments will attend in person and virtually, providing updates on current areas of focus and briefing attendees on upcoming opportunities.
"We are delighted to hold a safe, in-person event so our members can stay updated on opportunities in stability and contingency operations in Europe and Africa," said ISOA President Howard R. Lind. "ISOA's members are eager to meet in person to develop public-private partnerships and receive the latest information about fragile situations around the world."
Registration and sponsorship opportunities for the Europe/Africa Conference are available on the ISOA website. ISOA is grateful for the support of Presenting Sponsors Precision Talent Solutions, SOC and Mason & Hanger as well as Gold Sponsors MSA Security, Valiant and Khudairi Group.
ISOA's next conference, focusing on the Pacific region, is scheduled for September 13-15 in Honolulu, HI. On June 9, ISOA will hold its annual Global Impact Awards Dinner in Tysons, VA, where members with extraordinary accomplishments will be celebrated. Other ISOA events include webinars on Ukraine and Taiwan, networking receptions and monthly small business forums. A listing of upcoming events is available on ISOA's website.
About ISOA:
ISOA is a global, nonprofit association whose mission is to serve as the primary point of strategic engagement for the government and private sector in support of stability operations worldwide, providing critical services in fragile environments in an accountable, transparent and ethical way. ISOA serves the implementing community, providing member services focused on contracting, partnerships, regulatory and legal developments, research initiatives and policy movement. For more information, visit stability-operations.org.
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| 2022-04-20T21:10:57Z
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DUBLIN, April 20, 2022 /PRNewswire/ -- Jazz Pharmaceuticals plc (Nasdaq: JAZZ) today announced that it will report its 2022 first quarter financial results on Wednesday, May 4, 2022, after the close of the U.S. financial markets. Company management will host a live audio webcast at 4:30 p.m. ET / 9:30 p.m. IST to discuss 2022 first quarter financial results and provide a business and financial update.
Audio webcast/conference call:
U.S. Dial-In Number: +1 855 353 7924
International Dial-In Number: +1 503 343 6056
Passcode: 7492554
A replay of the conference call will be available through May 11, 2022.
Replay U.S. Dial-In Number: +1 855 859 2056
Replay International Dial-In Number: +1 404 537 3406
Passcode: 7492554
Interested parties may access the live audio webcast via the Investors section of the Jazz Pharmaceuticals website at www.jazzpharmaceuticals.com.
About Jazz Pharmaceuticals
Jazz Pharmaceuticals plc (Nasdaq: JAZZ) is a global biopharmaceutical company whose purpose is to innovate to transform the lives of patients and their families. We are dedicated to developing life-changing medicines for people with serious diseases – often with limited or no therapeutic options. We have a diverse portfolio of marketed medicines and novel product candidates, from early- to late-stage development, in neuroscience and oncology. Within these therapeutic areas, we are identifying new options for patients by actively exploring small molecules and biologics, and through innovative delivery technologies and cannabinoid science. Jazz is headquartered in Dublin, Ireland and has employees around the globe, serving patients in nearly 75 countries. For more information, please visit www.jazzpharmaceuticals.com and follow @JazzPharma on Twitter.
Investors:
Andrea N. Flynn, Ph.D.
Vice President, Head, Investor Relations
Jazz Pharmaceuticals plc
InvestorInfo@jazzpharma.com
Ireland +353 1 634 3211
U.S. +1 650 496 2717
Media Contact:
Kristin Bhavnani
Head of Global Corporate Communications
Jazz Pharmaceuticals plc
CorporateAffairsMediaInfo@jazzpharma.com
Ireland +353 1 637 2141
U.S. +1 215 867 4948
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| 2022-04-20T21:11:03Z
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Mercedes-Benz of Fort Mitchell Sells MB S580 to Buyer in Saudi Arabia
CINCINNATI, April 20, 2022 /PRNewswire/ -- The Jeff Wyler Automotive Family completed its first car sale transaction using cryptocurrency at its Mercedes-Benz of Fort Mitchell dealership, selling a Certified Pre-Owned 2021 Mercedes-Benz S580 to a buyer in Saudi Arabia.
"We take pride in leading the industry wherever it makes us more consumer facing" stated David Wyler, President of the Jeff Wyler Automotive Family, "and accepting cryptocurrency provides payment flexibility and faster sales transactions for our customers".
The client, from Saudi Arabia, used Ethereum cryptocurrency to purchase his 2021 Mercedes-Benz S580. The process was significantly faster than any wire transfer (especially an International one). He was very pleased with the simplicity, convenience, and speed for the buying transaction.
The Jeff Wyler Automotive Family accepts up to 12 different cryptocurrencies, including BitCoin, at its 23 dealerships located in Ohio, Kentucky and Indiana. Customers can pay for part of their transaction or for the entire transaction using their choice of cryptocurrency or mix of cryptocurrencies.
The Jeff Wyler Automotive Family operates 23 dealerships in Ohio, Kentucky, and Indiana. In business since 1973, they rank in the top 50 of over 17,000 franchised dealerships for annual sales.
Kevin Frye
Jeff Wyler Auto Family
(513) 752-7450 x10131
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| 2022-04-20T21:11:10Z
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Two bills aimed to alter Florida's version of the TCPA have been indefinitely tabled. This means
consumers still can get up to $500 for every marketing message sent to them without proper
prior consent.
MIAMI, April 20, 2022 /PRNewswire/ -- Florida's version of the TCPA, the Florida Telephone Solicitation Act ("FTSA"), will remain unamended for at least another year. Both House Bill 1095 and Senate Bill 1564, proposed amendments that would limit the effective protections of the FTSA, were "indefinitely postponed and withdrawn from consideration". As a result, the FTSA remains a broader check on businesses marketing practices than its federal counterpart.
With the bills tabled, consumers have a stronger basis to bring legal claims for these unwanted messages. JMG Law Group, PLLC and Marcus & Zelman, LLC are teaming up to help you. Reach us at info@JMGLawGroup.com
The FTSA gives consumers a private right of action in recourse against companies who are sending marketing messages without proper consent. Under the unamended version of the FTSA, any marketing phone call or text message offering goods or services that was made without first obtaining the prior express written consent of the receiving party is a violation giving rise to a legal claim. As the FTSA only came into effect last July, many companies have yet to appropriately update their messaging disclosures to meet the FTSA's standard for prior express written consent. To be valid, the consent must:
- include the signature of the called party;
- clearly authorize the method of transmitting marketing messages;
- include the number being authorized for marketing; and
- must have a clear and conspicuous disclosure that: 1) the party is authorizing the receipt of marketing messages and 2) agreeing to this marketing is not a condition of purchasing any goods or services.
Without these conditions met, a consent is not valid. Any violating message affords the receiving party a private right of action to recover "actual damages or $500, whichever is greater". And with the bills tabled indefinitely, consumers can feel more secure in their rights against unwanted marketing.
If you've received marketing messages such as phone calls or texts consumers, JMG Law Group & Marcus & Zelman, LLC can help you get the compensation you may be entitled to. Contact us with your spam texts at info@JMGLawGroup.com for a free consultation.
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SOURCE Marcus and Zelman LLC; JMG Law Group PLLC
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https://www.whsv.com/prnewswire/2022/04/20/jmg-law-group-amp-marcus-zelman-florida-tcpa-remains-alive-well/
| 2022-04-20T21:11:16Z
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NEW BRUNSWICK, N.J., April 20, 2022 /PRNewswire/ -- Johnson & Johnson (NYSE: JNJ) will participate in the UBS Global Healthcare Conference on Tuesday, May 24th. Mathai Mammen, Executive Vice President, Pharmaceuticals R&D, will represent the Company in a session scheduled at 10:00 a.m. (Eastern Time).
This webcast will be available to investors and other interested parties by accessing the Johnson & Johnson website at www.investor.jnj.com.
A webcast replay will be available approximately 48 hours after the live webcast.
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| 2022-04-20T21:11:26Z
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SPOKANE, Wash., April 20, 2022 /PRNewswire/ -- Kaspien Holdings Inc. (Nasdaq: KSPN) ("Kaspien" or the "Company"), a leading e-commerce marketplace growth platform, today announced it will release its financial results for the fiscal fourth quarter and full year ended January 29, 2022 after the market close on Friday, April 29, 2022.
Kaspien will issue a press release including its financial results and business outlook as well as additional corporate updates. The Company also plans to file its annual SEC Form 10-K on the same day. The release and filing will be made available via the Investor Relations section of Kaspien's website.
For questions or additional information, please contact Kaspien's investor relations team at KSPN@gatewayir.com or (949) 574-3860.
About Kaspien
Kaspien Holdings Inc. (f/k/a Trans World Entertainment Corporation) (NASDAQ: KSPN) is a leading, global e-commerce accelerator that deploys AI-driven software and end-to-end services to optimize and grow brands on Amazon, Walmart, Target, eBay, and other online marketplaces. Rebranded as Kaspien in 2020, the Company has spent more than a decade developing a marketplace growth platform of proprietary technologies that maximize supply chain resilience, optimize marketing, strengthen brand control, and provide predictive analytics. Serving a variety of brands, distributors, agencies and FBA aggregators, Kaspien accelerates growth by tailoring an extensive suite of seller services to its partners' dynamic e-commerce needs. The Company has a long track record of success, having served over 4,000 brands in 20 countries. Kaspien's mastery of the e-commerce space and commitment to rapid innovation has earned the trust of many leading brands. For more information, visit kaspien.com.
Company Contact
Ed Sapienza
Chief Financial Officer
(509) 202-4261
esapienza@kaspien.com
Media Contact
Gateway Group
Ryan Deloney
(949) 574-3860
KSPN@gatewayir.commailto:Ryan@gatewayir.com
Investor Relations Contact
Gateway Investor Relations
Matt Glover and Tom Colton
(949) 574-3860
KSPN@gatewayir.com
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| 2022-04-20T21:11:32Z
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WESTBURY, N.Y., April 20, 2022 /PRNewswire/ -- Kensington Capital Acquisition Corp. IV (NYSE: KCAC.U) (the "Company") announced that, commencing April 22, 2022, holders of the units sold in the Company's initial public offering of 23,000,000 units, completed on March 4, 2022, may elect to separately trade the Class 1 redeemable warrants included in the units. Those units not separated will continue to trade on the New York Stock Exchange (the "NYSE") under the symbol "KCAC.U," and the Class 1 redeemable warrants that are separated and the resulting new units consisting of one Class A ordinary share and one Class 2 redeemable warrant will trade on the NYSE under the symbols "KCAC.W" and "KCA.U," respectively. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into Class 1 redeemable warrants and new units.
The units were initially offered by the Company in an underwritten offering. UBS Securities LLC and Stifel, Nicolaus & Company, Incorporated acted as joint book running managers for the offering, Robert W. Baird & Co. Incorporated acted as lead manager and Drexel Hamilton, LLC acted as co-manager. The registration statement relating to the units and the underlying securities became effective on March 1, 2022.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering was made only by means of a prospectus, copies of which may be obtained by contacting UBS Securities LLC, Attn: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, telephone: (888) 827-7275 or email: ol-prospectusrequest@ubs.com; and Stifel, Nicolaus & Company, Incorporated, Attn: Syndicate Department, One South Street, 15th Floor, Baltimore, MD 21202, or by email: SyndProspectus@Stifel.com or by telephone: (855) 300-7136.
About Kensington Capital Acquisition Corp. IV
The Company is a newly organized blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
For more information, please contact
Dan Huber
Chief Financial Officer
dan@kensington-cap.com
(703) 674-6514
Forward-Looking Statements
This press release may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filings with the Securities and Exchange Commission (the "SEC"). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus relating to the Company's initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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| 2022-04-20T21:11:41Z
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Town of Hemingway, Williamsburg County and SC Criminal Justice Academy named in wrongful death lawsuit as well as Officer Cassandra Dollard
COLUMBIA, S.C., April 20, 2022 /PRNewswire/ -- Attorneys for the family of Robert Junior Langley, the 46-year-old black man shot and killed by Hemingway Police officer Cassandra Dollard, have filed a lawsuit against Dollard, the Town of Hemingway, Williamsburg County and the South Carolina Criminal Justice Academy (SCCJA) in federal court for the "negligent, reckless, and intentional conduct" that led to Langley's death in February. Langley's family is represented by noted Civil Rights attorneys Sen. Gerald Malloy and Bakari Sellers and Horry County Attorney Brana Williams.
Among other things, the suit details Dollard's history of misconduct which include failing to call in stops or document encounters, improperly using her blue lights, striking the vehicle of a mother and small child after becoming frustrated and visibly angry as well as discharging her duty weapon and striking a dog while jogging off duty.
Despite this history of misconduct, the SCCJA recertified Dollard and the Hemingway Police Department hired her. Dollard was arrested and charged with Voluntary Manslaughter for shooting Langley in the chest and killing him.
"It's hard to believe that an officer with this kind of record wasn't in jail much less that she was recertified and hired," Sellers said. "It's irresponsible, it's dangerous and, in this case, it was deadly."
In addition to Gross Negligence and Wrongful Death, the lawsuit also outlines Dollard's failure to render immediate aid after shooting Langley in the chest.
"You don't get to put an officer with a history of misconduct and violence like this on the street, to give her a badge and a gun, and then wash your hands when there's a tragedy like this," Malloy said. "They were just as negligent as Officer Dollard and we intend to hold them responsible."
A copy of the lawsuit can be viewed HERE.
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| 2022-04-20T21:11:47Z
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NEW BRUNSWICK, N.J., April 20, 2022 /PRNewswire/ -- Magyar Bancorp (NASDAQ: MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three and six months ended March 31, 2022.
The Company reported an 11.5% increase in its net income for the three months ended March 31, 2022, to $1,679,000 compared with net income of $1,506,000 for the three months ended March 31, 2021. Net income for the six months ended March 31, 2022 was $3,372,000 compared with net income of $2,843,000 for the six months ended March 31, 2021.
Basic and diluted earnings per share were $0.25 for the three months ended March 31, 2022 compared to $0.21 for the three months ended March 31, 2021. Basic and diluted earnings per share were $0.50 for the six months ended March 31, 2022 compared to $0.40 for the six months ended March 31, 2021.
"Through the first half of our fiscal year, we have steadily put to work the funds raised during our second step conversion," stated John Fitzgerald, President and Chief Executive Officer of Magyar Bancorp. "Strong underwriting and prudent balance sheet management has resulted in an 18% increase in net income for the first six months, trending ahead of what was a record year for the Company in fiscal 2021. In addition, despite inflationary pressures, the Bank has been able to control expenses and we believe our balance sheet is well positioned for a rising rate environment."
About Magyar Bancorp
Magyar Bancorp is the parent company of Magyar Bank, a community bank headquartered in New Brunswick, New Jersey. Magyar Bank has been serving families and businesses in Central New Jersey since 1922 with a complete line of financial products and services. Magyar operates seven branch locations in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison (2). Please visit us online at www.magbank.com.
Forward Looking Statements
This press release contains statements about future events that constitute forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may be identified by reference to a future period or periods, or by the use of forward- looking terminology, such as "may," "will," "believe," "expect," or similar terms or variations on those terms, or the negative of those terms. Forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, those risks previously disclosed in the Company's filings with the SEC, general economic conditions, changes in interest rates, regulatory considerations, competition, technological developments, retention and recruitment of qualified personnel, and market acceptance of the Company's pricing, products and services, and with respect to the loans extended by the Bank and real estate owned, the following: risks related to the economic environment in the market areas in which the Bank operates, particularly with respect to the real estate market in New Jersey; the risk that the value of the real estate securing these loans may decline in value; and the risk that significant expense may be incurred by the Company in connection with the resolution of non-performing loans. The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company does not undertake and specifically declines any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
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https://www.whsv.com/prnewswire/2022/04/20/magyar-bancorp-inc-announces-second-fiscal-quarter-financial-results/
| 2022-04-20T21:11:55Z
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SAN FRANCISCO, April 20, 2022 /PRNewswire/ -- Marin Software Incorporated (NASDAQ: MRIN), a leading provider of digital marketing software for performance-driven advertisers and agencies, today announced that it will report financial results for the quarter ended March 31, 2022, after market close on Thursday, May 5. The company also announced that it will hold a conference call on the same day at 2:00 PM Pacific Time (5:00 PM Eastern Time) to discuss its quarterly financial results. This conference call may include forward-looking statements.
The conference call can be accessed by dialing (877) 704-4453 from the United States or +1 (201) 389-0920 internationally with conference ID 13728727, and a live webcast of the conference call can be accessed at https://services.choruscall.com/mediaframe/webcast.html?webcastid=1I1l517G.
Following the completion of the call through 11:59 PM Eastern Time on Thursday, May 12, 2022, a recorded replay will be available on the company's website, and a telephone replay will be available by dialing (844) 512-2921 from the United States or +1 (412) 317-6671 internationally with recording access code 13728727.
About Marin Software
Marin Software Incorporated's (NASDAQ: MRIN) mission is to give advertisers the power to drive higher efficiency and transparency in their paid marketing programs that run on the world's largest publishers. Marin Software offers a unified SaaS advertising management platform for search, social, and eCommerce advertising. The Company helps digital marketers convert precise audiences, improve financial performance, and make better decisions. Headquartered in San Francisco with offices worldwide, Marin Software's technology powers marketing campaigns around the globe. For more information about Marin Software, please visit www.marinsoftware.com.
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https://www.whsv.com/prnewswire/2022/04/20/marin-software-announces-date-first-quarter-2022-financial-results-conference-call/
| 2022-04-20T21:12:05Z
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RICHMOND, Va., April 20, 2022 /PRNewswire/ -- Markel Corporation (NYSE:MKL) announced today it will hold a conference call on Wednesday, April 27, 2022 beginning at 9:30 am (Eastern Time) to discuss quarterly results and business developments.
Investors, analysts and the general public may listen to the call free over the Internet through the Company's website, at www.markel.com in the "For investors" section. A replay of the call also will be available from approximately one hour after the conclusion of the call until Monday, May 9, 2022.
The webcast, the conference call and the content and permitted replays or rebroadcasts thereof are the exclusive copyrighted property of Markel Corporation and may not be copied, taped, rebroadcast, or published in whole or in part without the express written consent of Markel Corporation.
About Markel Corporation
Markel Corporation is a diverse financial holding company serving a variety of niche markets. The Company's principal business markets and underwrites specialty insurance products. In each of the Company's businesses, it seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting and operating profits and superior investment returns to build shareholder value. Visit Markel Corporation on the web at www.markel.com.
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| 2022-04-20T21:12:14Z
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National Law Firm Investigating Victim Penalties and Shaming Throughout University Systems
SAN BERNARDINO, Calif., April 20, 2022 /PRNewswire/ -- McCune Wright Arevalo, LLP, (MWA) – a national law firm representing Class Actions, Employment Law, and Racial & Economic Justice case matters – is bringing a Department of Fair Employment and Housing ("DFEH") claim against California State University, San Bernardino (CSUSB) over allegations that the university wronged an employee who was sexually harassed and assaulted at work and was not provided reasonable accommodations or fair treatment following the incident. MWA is currently investigating whether its client's mistreatment is endemic of a systemic culture of silence and minimization throughout the university's operations.
Paige Griffin, an Administrative Support Coordinator I in the Facilities Planning and Management Department of CSUSB, has been a dedicated employee of the university for more than six years. Ms. Griffin alleges during her tenure that she was the victim of several instances of harassment, the most recent of which involved an employee who sexually assaulted her at her isolated workstation. When she reported the incident to CSUSB, she was allegedly offered vague promises of an investigation into the matter; then threatened with disciplinary action for not returning to work immediately. Upon her attempted return to work, being in the same department triggered unbearable fear and anxiety.
The DFEH complaint alleges CSUSB has failed to provide reasonable accommodations for Ms. Griffin's trauma and anxiety at work following her assault, only offering an accommodation that keeps Griffin in the same department where she was assaulted. Ms. Griffin alleges the university denied requests to allow her to work remotely and rejected a transfer of her job duties to a different team and location. She currently is on unpaid leave. The perpetrator is believed to be on paid leave.
Partner Joseph L. Richardson leads the team handling this matter. He states, "Had our client not complained, she would still be at work every day earning a check. So, she is effectively penalized for speaking up. Similarly situated people are more likely to look at Ms. Griffin's situation and stay silent." Richardson continues, "To our eyes, this could be more than just a one-off case of sexual assault or harassment. We've seen this happen again and again with other institutions. We are investigating whether our client's treatment speaks to a potentially larger issue that permeates the university's culture. If it exists, we want to change this toxic culture that keeps certainty for everyone except the victim."
MWA is investigating whether other victims of harassment and assault within CSU's ranks may have been penalized for bringing these types of incidents forward and if those traumatic experiences have been minimized to protect the reputation of the university. "My employer unfortunately chooses not to recognize the gravity of what happened to me and why it is important to protect victims," says Ms. Griffin. "This isn't my 15 minutes of fame. This is my trauma and my life."
About McCune Wright Arevalo, LLP: McCune Wright Arevalo, LLP has a deep history of success for its clients, including a $203 million verdict against Wells Fargo Bank, recovery of over $1 billion for its clients, and over 100 contingency cases with recovery of $1 million or more. MWA maintains California offices in Ontario, San Bernardino, Palm Desert, and Irvine and supports its national practice with offices in Arizona, Illinois and New Jersey. For over 30 years, MWA has successfully represented clients involved in general complex and commercial litigation, as well as personal injury and class action matters. Visit mccunewright.com for more information.
Contact: dct@mccunewright.com
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| 2022-04-20T21:12:20Z
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ATLANTA, April 20, 2022 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.15 per share on its common stock. The cash dividend is payable on May 13, 2022 to shareholders of record as of May 4, 2022.
About MetroCity Bankshares, Inc.
MetroCity Bankshares, Inc. is a Georgia corporation and a bank holding company for its wholly-owned banking subsidiary, Metro City Bank, which is headquartered in the Atlanta metropolitan area. Metro City Bank currently operates 19 full-service branch locations in multi-ethnic communities in Alabama, Florida, Georgia, New York, New Jersey, Texas and Virginia. To learn more about Metro City Bank, visit www.metrocitybank.bank.
Contact Information
Farid Tan
770-455-4978
faridtan@metrocitybank.bank
Lucas Stewart
678-580-6414
lucasstewart@metrocitybank.bank
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| 2022-04-20T21:12:27Z
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THE WOODLANDS, Texas, April 20, 2022 /PRNewswire/ -- MIND Technology, Inc. (NASDAQ: MIND) ("MIND" or the "Company") today announced financial results for its fiscal 2022 fourth quarter and year ended January 31, 2022.
Total revenues from continuing operations for fiscal 2022 were $23.1 million compared to $21.2 million in fiscal 2021. Revenues from Marine Technology Products sales for the fourth quarter of fiscal 2022 were $3.8 million compared to $8.3 million in the third quarter of fiscal 2022 and $6.4 million in the fourth quarter of fiscal 2021.
On an annual basis, the Company reported a net loss of $18.0 million attributable to common stockholders in fiscal 2022, or $(1.20) per share, compared to a net loss of $22.6 million attributable to common stockholders in fiscal 2021, or $(1.30) per share. The Company reported a net loss from continuing operations for the fourth quarter of fiscal 2022 of approximately $5.1 million compared to a loss of $2.1 million in the third quarter of fiscal 2022 and a loss of $3.3 million in the fourth quarter of fiscal 2021. Fourth quarter of fiscal 2022 net loss from continuing operations attributable to common shareholders was $(0.43) per share compared to the third quarter of fiscal 2022 net loss per share of $(0.20) and a net loss of $(0.29) per share in the fourth quarter of fiscal 2021.
For the full year, Adjusted EBITDA from continuing operations was a loss of $10.6 million compared to a loss of $7.3 million in fiscal 2021. Adjusted EBITDA from continuing operations for the fourth quarter of fiscal 2022 was a loss of approximately $4.5 million compared to a loss of $1.3 million in the third quarter of fiscal 2022 and a loss of $1.8 million in the fourth quarter of fiscal 2021. Adjusted EBITDA from continuing operations, which is a non-GAAP measure, is defined and reconciled to reported net loss from continuing operations and cash provided by operating activities in the accompanying financial tables. These are the most directly comparable financial measures calculated and presented in accordance with United States generally accepted accounting principles.
Backlog of Marine Technology Products as of January 31, 2022, was approximately $13.1 million compared to $10.0 million at October 31, 2021 and $14.2 million at January 31, 2021.
Rob Capps, MIND's President and Chief Executive Officer, stated, "Despite the challenges we have continued to face, including global supply chain disruptions, order delays and delivery challenges, we accomplished a great deal in fiscal 2022 and continue to see increased levels of customer interest. While our fourth quarter revenues were disappointing due to the mentioned supply chain bottlenecks and delivery delays, we saw sales grow 9% year-over-year.
"Inquiry and bidding activity remain robust. As we announced last week, we have recently received significant new orders and have other pending orders that we are highly confident in receiving. Coupled with our backlog of approximately $13.1 million as of January 31, we believe our current book of business is in excess of $23 million. This is significantly higher than we have seen historically and of course does not include numerous other prospects that we are actively pursuing. Based on these factors, we expect revenues from continuing operations in fiscal 2023 to exceed those of fiscal 2022 and we think that improvement will be seen beginning in the first quarter.
"Our balance sheet remains strong with zero debt, and our cost structure is flexible. We have taken steps recently to streamline our organization and thereby reduce our overhead structure, including eliminating two of the three highest paid positions in the Company.
"Our long-term outlook remains positive as we progress with our strategic initiatives to expand our product offerings to meet the increasing needs of the maritime market, which will underpin our future growth," continued Capps. "However, we are very much focused on near-term opportunities. The disruptions in the global supply chain obviously introduce risk and uncertainty. As always, we will proactively work to mitigate these risks as much as possible, but we do believe these issues are temporary and will be resolved in time.
"As we move into fiscal 2023, we continue to believe the positive trend for order flow will continue. Additionally, we believe the underlying market fundamentals are positive and those have contributed to the increase in order activity. The current geopolitical situation has highlighted the need for maritime security and other defense applications. Some of our recent order and bid activity is, we believe, a direct result of the European security situation. The pricing environment in the energy market is positive for our customers in that space. The trend towards renewable energy, such as wind farms, is a positive development for our marine survey customers. We plan to continue executing on our long-term strategic initiatives and position the Company to become a leading provider of innovative marine technology and products," concluded Capps.
NOTE: As has been previously disclosed, the Company is exiting the land leasing business. Accordingly, the Equipment Leasing segment has been treated as a discontinued operation, and the associated results are excluded from the Company's results from continuing operations for all periods presented. Assets and liabilities associated with the Equipment Leasing segment have been reclassified as "held for sale" in the accompanying consolidated condensed balance sheet.
CONFERENCE CALL
Management has scheduled a conference call for Thursday, April 21, 2022 at 9:00 a.m. Eastern Time (8:00 a.m. Central Time) to discuss the Company's fiscal 2022 fourth quarter and year-end results. To access the call, please dial (412) 902-0030 and ask for the MIND Technology call at least 10 minutes prior to the start time. Investors may also listen to the conference live on the MIND Technology website, http://mind-technology.com, by logging onto the site and clicking "Investor Relations." A telephonic replay of the conference call will be available through April 28, 2022 and may be accessed by calling (201) 612-7415 and using passcode 13728499#. A webcast archive will also be available at http://mind-technology.com shortly after the call and will be accessible for approximately 90 days. For more information, please contact Dennard Lascar Investor Relations by email at MIND@dennardlascar.com.
ABOUT MIND TECHNOLOGY
MIND Technology, Inc. provides technology to the oceanographic, hydrographic, defense, seismic and security industries. Headquartered in The Woodlands, Texas, MIND has a global presence with key operating locations in the United States, Singapore, Malaysia, and the United Kingdom. Its Seamap and Klein units, design, manufacture and sell specialized, high performance, marine sonar and seismic equipment.
Forward-looking Statements
Certain statements and information in this press release concerning results for the quarter and fiscal year ended January 31, 2022 may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans, and our objectives for future operations, are forward-looking statements. The words "believe," "expect," "anticipate," "plan," "intend," "should," "would," "could" or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. All comments concerning our expectations for future revenues and operating results are based on our forecasts of our existing operations and do not include the potential impact of any future acquisitions or dispositions. Our forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. These risks and uncertainties include, without limitation, reductions in our customers' capital budgets, our own capital budget, limitations on the availability of capital or higher costs of capital, volatility in commodity prices for oil and natural gas and the extent of disruptions caused by the COVID-19 outbreak.
For additional information regarding known material factors that could cause our actual results to differ from our projected results, please see our filings with the SEC, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, unless required by law, whether as a result of new information, future events or otherwise. All forward-looking statements included in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to herein.
Non-GAAP Financial Measures
Certain statements and information in this press release contain non-GAAP financial measures. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with United States generally accepted accounting principles, or GAAP. Company management believes that these non-GAAP financial measures, when considered together with the GAAP financial measures, provide information that is useful to investors in understanding period-over-period operating results separate and apart from items that may, or could, have a disproportionately positive or negative impact on results in any particular period. Company management also believes that these non-GAAP financial measures enhance the ability of investors to analyze the Company's business trends and to understand the Company's performance. In addition, the Company may utilize non-GAAP financial measures as guides in its forecasting, budgeting, and long-term planning processes and to measure operating performance for some management compensation purposes. Any analysis of non-GAAP financial measures should be used only in conjunction with results presented in accordance with GAAP. Reconciliation of Backlog, which is a non-GAAP financial measure, is not included in this press release due to the inherent difficulty and impracticality of quantifying certain amounts that would be required to calculate the most directly comparable GAAP financial measures.
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| 2022-04-20T21:12:34Z
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SAN DIEGO, April 20, 2022 /PRNewswire/ -- Mirati Therapeutics, Inc. (NASDAQ: MRTX), a clinical-stage targeted oncology company, will announce financial results for the first quarter of 2022 along with recent corporate updates on May 4, 2022. During a conference call at 4:30 p.m. ET / 1:30 p.m. PT on May 4, company executives will provide company updates and review financial results.
Investors and the general public are invited to listen to a live webcast of the call at the "Investors and Media" section on Mirati.com or by dialing the U.S. toll free +1 313-209-4906 or international +1 800-406-5356, confirmation code: 6391007. A replay of the call will be available approximately 2 hours after the event has ended at the same website.
Mirati Therapeutics, Inc. is a clinical-stage biotechnology company whose mission is to discover, design and deliver breakthrough therapies to transform the lives of patients with cancer and their loved ones. The company is relentlessly focused on bringing forward therapies that address areas of high unmet need, including lung cancer, and advancing a pipeline of novel therapeutics targeting the genetic and immunological drivers of cancer. Unified for patients, Mirati's vision is to unlock the science behind the promise of a life beyond cancer. For more information about Mirati, visit us at Mirati.com or follow us on Twitter, LinkedIn and Facebook.
This press release contains forward-looking statements regarding the business of Mirati Therapeutics, Inc. ("Mirati"). Any statement describing Mirati's goals, expectations, financial or other projections, intentions or beliefs, development plans and the commercial potential of Mirati's drug development pipeline, including without limitation adagrasib (MRTX849), sitravatinib, MRTX1133, MRTX1719 and MRTX0902 is a forward-looking statement and should be considered an at-risk statement. Such statements are subject to risks and uncertainties, particularly those challenges inherent in the process of discovering, developing and commercialization of new drug products that are safe and effective for use as human therapeutics, and in the endeavor of building a business around such drugs.
Mirati's forward-looking statements also involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward looking statements. Although Mirati's forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by Mirati. As a result, you are cautioned not to rely on these forward-looking statements. These and other risks concerning Mirati's programs are described in additional detail in Mirati's quarterly reports on Form 10-Q and annual reports on Form 10-K, which are on file with the U.S. Securities and Exchange Commission (the "SEC") available at the SEC's Internet site (www.sec.gov). Mirati assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law.
Investor Relations: ir@mirati.com
Media Relations: media@mirati.com
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| 2022-04-20T21:12:41Z
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GREENBELT, Md., April 20, 2022 /PRNewswire/ -- NASA has selected two firms for the Geostationary Extended Observations (GeoXO) Lightning Mapper (LMX) Phase A Study. These contracted firms will provide services to help meet the objectives of the National Oceanic and Atmospheric Administration (NOAA) GeoXO program.
The firms selected are Northrop Grumman Corporation System Sector of Azusa, California, and Lockheed Martin Corporation of Littleton, Colorado. The total value of each of these twenty-month firm-fixed-price contracts is approximately $5 million. The work will be performed at the contractors' facilities.
The principal purpose of these contracts is to provide a definition-phase study of a GeoXO LMX instrument. The LMX instrument will be a single-channel, near-infrared optical detector used to detect, locate, and measure the optical pulses associated with lightning. It is planned to fly on the NOAA GeoXO Program series of geostationary satellites.
NOAA's GeoXO satellite system is the groundbreaking mission that will advance Earth observations from geostationary orbit. The mission will supply vital information to address major environmental challenges of the future in support of weather, ocean, and climate operations in the United States. The GeoXO mission will continue and expand observations provided by the GOES-R series of satellites. GeoXO will bring new capabilities to address emerging environmental issues and challenges that threaten the security and well-being of every American. NOAA is working to ensure these critical observations are in place by the early 2030s, as the GOES-R Series nears the end of its operational lifetime.
The GeoXO mission is a collaborative partnership between NOAA and NASA. NOAA funds, operates, and manages the mission and NASA's Goddard Space Flight Center in Greenbelt, Maryland, manages the acquisition of the Phase A Formulation contracts.
For more information about the GeoXO mission, visit:
https://www.nesdis.noaa.gov/next-generation-satellites/geostationary-extended-observations-geoxo
For information about NASA and agency programs, visit:
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| 2022-04-20T21:12:47Z
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SAN DIEGO, April 20, 2022 /PRNewswire/ -- NuVasive, Inc. (NASDAQ: NUVA), the leader in spine technology innovation, focused on transforming spine surgery with minimally disruptive, procedurally integrated solutions, announced today the Company will release its first quarter results on Wednesday, May 4, 2022, after the close of the market.
NuVasive will hold a conference call on Wednesday, May 4, 2022, at 4:30 p.m. ET / 1:30 p.m. PT to discuss the results of its financial performance for the first quarter ended March 31, 2022. The dial-in numbers are 1-877-407-9039 for domestic callers and 1-201-689-8470 for international callers. A live webcast of the conference call and supplemental financial information of our first quarter 2022 results will be available on the Investor Relations page of our website at www.nuvasive.com. An audio replay of the call will be available until May 11, 2022. The replay dial-in numbers are 1-844-512-2921 for domestic callers and 1-412-317-6671 for international callers. Please use pin number: 13728729. In addition, the webcast will be archived on NuVasive's website.
About NuVasive
NuVasive, Inc. (NASDAQ: NUVA) is the leader in spine technology innovation, with a mission to transform surgery, advance care, and change lives. The Company's less-invasive, procedurally integrated surgical solutions are designed to deliver reproducible and clinically proven outcomes. The Company's comprehensive procedural portfolio includes surgical access instruments, spinal implants, fixation systems, biologics, software for surgical planning, navigation and imaging solutions, magnetically adjustable implant systems for spine and orthopedics, and intraoperative neuromonitoring technology and service offerings. With more than $1 billion in net sales, NuVasive operates in more than 50 countries serving surgeons, hospitals, and patients. For more information, please visit www.nuvasive.com.
Forward-Looking Statements
NuVasive cautions you that statements included in this news release and the associated conference call and webcast that are not a description of historical facts are forward-looking statements that involve risks, uncertainties, assumptions and other factors which, if they do not materialize or prove correct, could cause NuVasive's results to differ materially from historical results or those expressed or implied by such forward-looking statements. The potential risks and uncertainties which contribute to the uncertain nature of these statements include, but are not limited to, the risk that NuVasive's net sales or earnings projections may turn out to be inaccurate because of the preliminary nature of the forecasts; the risk of further adjustment to financial results or future financial expectations; unanticipated difficulty in selling products, generating net sales or producing expected profitability; and those other risks and uncertainties more fully described in NuVasive's news releases and periodic filings with the Securities and Exchange Commission. NuVasive's public filings with the Securities and Exchange Commission are available at www.sec.gov. NuVasive assumes no obligation to update any forward-looking statement to reflect events or circumstances arising after the date on which it was made.
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| 2022-04-20T21:12:54Z
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Nuvve joins government, labor, and other industry leaders to ensure EVs are intelligently integrated into the grid
SAN DIEGO, April 20, 2022 /PRNewswire/ -- Nuvve Holding Corp. (Nasdaq: NVVE), a global cleantech company electrifying the planet at the intersection of energy and transportation through its intelligent energy platform, took part in a press event earlier today led by the U.S. Department of Energy (DOE) to sign a Memorandum of Understanding (MOU) to work with government agencies, utilities, and electrification industry leaders to accelerate the commercialization of vehicle-to-grid (V2G), vehicle-to-building (V2B), vehicle-to-home (V2H), and other vehicle-grid integration (VGI) technologies. The DOE initiated this agreement to bring together a mix of public entities and private companies to ensure the electrification of electric vehicle (EV) fleets incorporates bidirectional charging that can send power back to the grid, thereby reducing building loads, providing grid services, and creating revenue opportunities for EV owners.
Nuvve was selected for its many years of experience commercially deploying V2G around the world, including solutions to electrify school buses and commercial fleets here in the U.S. The company has extensive experience working with transmission system operators (TSOs) around the world, including a recent approval from the TSO in Japan, to provide capacity and flexibility services to the grid. Nuvve's intelligent energy management platform enables VGI at all levels – from smart charging and V1G to V2B/V2H and V2G – and acts as an "aggregator" to combine the power from a fleet of EV batteries to form virtual power plants (VPPs) that help stabilize the grid and prevent blackouts. Nuvve's solution also utilizes energy stored in EVs to lower the energy demanded by buildings and homes and provide emergency back-up capabilities while meeting the mobility needs of drivers.
"Nuvve is honored to be recognized by the DOE as an industry leader and believes our proven VGI technology and long-standing experience working with automakers, charging station manufacturers, and utilities will add value to the ecosystem needed to intelligently integrate EVs into the grid here in the U.S.," said Gregory Poilasne, chairman and CEO of Nuvve. "We look forward to collaborating with the DOE to make V2G and V2B/V2H more ubiquitous and available to fleets and EV owners across the country."
Nuvve has already assembled an ecosystem of electrification partners including automakers, EV dealers, charging infrastructure providers, technology solutions, and utilities to offer turnkey energy management solutions for different types of fleets, from school buses to municipal and last-mile delivery vehicles. Nuvve also recently announced a partnership with Swell Energy to combine V2G with solar generation and battery storage for both residential and commercial applications. Through its platform, Nuvve offers cost savings and new revenue opportunities to EV owners, helping to lower the total cost of ownership of EVs while creating a more sustainable grid.
About Nuvve Holding Corp.
Nuvve Holding Corp. (Nasdaq: NVVE) is leading the electrification of the planet, beginning with transportation, through its intelligent energy platform. Combining the world's most advanced vehicle-to-grid (V2G) technology and an ecosystem of electrification partners, Nuvve dynamically manages power among electric vehicle (EV) batteries and the grid to deliver new value to EV owners, accelerate the adoption of EVs, and support the world's transition to clean energy. By transforming EVs into mobile energy storage assets and networking battery capacity to support shifting energy needs, Nuvve is making the grid more resilient, enhancing sustainable transportation, and supporting energy equity in an electrified world. Since its founding in 2010, Nuvve has successfully deployed V2G on five continents and offers turnkey electrification solutions for fleets of all types. Nuvve is headquartered in San Diego, California, and can be found online at nuvve.com.
Nuvve and associated logos are among the trademarks of Nuvve and/or its affiliates in the United States, certain other countries and/or the EU. Any other trademarks or trade names mentioned are the property of their respective owners.
Nuvve Press Contact
(W)right On Communications
Julie Wright
jwright@wrightoncomm.com
760-419-4664
Nuvve Investor Contact
ICR Inc.
nuvve@icrinc.com
+1 646-200-8872
Forward-Looking Statements
The information in this press release includes "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. All statements, other than statements of present or historical fact included in this press release, regarding Nuvve and Nuvve's strategy, future operations, estimated and projected financial performance, prospects, plans and objectives are forward-looking statements. When used in this press release, the words "could," "should," "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Nuvve disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Nuvve cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Nuvve. In addition, Nuvve cautions you that the forward-looking statements contained in this press release are subject to the following factors: (i) risks related to the rollout of Nuvve's business and the timing of expected business milestones; (ii) Nuvve's dependence on widespread acceptance and adoption of electric vehicles and increased installation of charging stations; (iii) Nuvve's ability to maintain effective internal controls over financial reporting (iv) Nuvve's current dependence on sales of charging stations for most of its revenues; (v) overall demand for electric vehicle charging and the potential for reduced demand if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of electric vehicles or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; (vi) potential adverse effects on Nuvve's backlog, revenue and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by Nuvve; (vii) the effects of competition on Nuvve's future business; (viii) risks related to Nuvve's dependence on its intellectual property and the risk that Nuvve's technology could have undetected defects or errors; (ix) the risk that we conduct a portion of our operations through a joint venture exposes us to risks and uncertainties, many of which are outside of our control; (x) that our joint venture with Levo Mobility LLC may fail to generate the expected financial results, and the return may be insufficient to justify our investment of effort and/or funds; (xi) changes in applicable laws or regulations; (xii) the COVID-19 pandemic and its effect directly on Nuvve and the economy generally; (xiii) risks related to disruption of management time from ongoing business operations due to our joint ventures; (xiv) risks relating to privacy and data protection laws, privacy or data breaches, or the loss of data; (xv) the possibility that Nuvve may be adversely affected by 3 other economic, business, and/or competitive factors, including increased inflation and interest rates, and the Russian invasion of Ukraine; and (xvi) risks related to the benefits expected from the $1.2 trillion dollar infrastructure bill passed by the U.S. House of Representatives (H.R. 3684). Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the Annual Report on Form 10-K filed by Nuvve with the Securities and Exchange Commission (SEC) on March 31, 2022, and in the other reports that Nuvve has, and will file from time to time with the SEC. Nuvve's SEC filings are available publicly on the SEC's website at www.sec.gov.
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https://www.whsv.com/prnewswire/2022/04/20/nuvve-selected-collaboration-partner-with-united-states-department-energy-accelerate-v2g-technology/
| 2022-04-20T21:13:01Z
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MINNEAPOLIS, April 20, 2022 /PRNewswire/ -- PBI Research Services, the leading death audit and locate service provider, today announced expanded capabilities of CertiCensus, the industry's first single-source proactive pension plan population management solution to help pension plans reduce costs, eliminate overpayments, ensure regulatory compliance and mitigate cybersecurity risk.
CertiCensus offers continuous participant monitoring for up-to-date census data, comprehensive reporting and a full audit trail. This complete population management solution includes: identifying decedents with 95% accuracy compared to industry averages of 70%, locating missing participants and/or beneficiaries, updating Personally Identifiable Information (PII), and sending required participant communications and managing all returned mail.
Today, without a single source of data, pension plans often turn to a variety of service providers or internal processes, using disparate data sources and information to manage their pension participant pool. These efforts can be costly, time-consuming, result in missing participants/beneficiaries and unidentified decedents, result in increased cybersecurity threats, and often fall short of DOL compliance.
To learn more or to estimate potential savings with PBI's overpayment calculator, visit www.pbinfo.com.
About PBI Research Services
PBI Research Services is the leading provider of proactive pension plan management including death audit, locate services, and uncashed check management. With the largest team of experts in the industry, PBI delivers exceptional data accuracy using artificial intelligence, 26,000 integrated databases, proprietary processes, 40 years of best practices and human expertise. PBI has helped thousands of customers including some of the largest pension plans, insurance companies, third-party administrators, and financial institutions save over $100 million in overpayments, minimize fraud, meet compliance regulations, and locate participants and beneficiaries. Learn more at www.pbinfo.com.
Media Contact
Michelle Griffith
Bellmont Partners
612.255.1123
michelle@bellmontpartners.com
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| 2022-04-20T21:13:07Z
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DUBLIN, April 20, 2022 /PRNewswire/ -- Perrigo Company plc (NYSE: PRGO) ("Perrigo" or the "Company"), a leading provider of Consumer Self-Care Products, today announced that it closed its previously announced senior secured credit facilities. The new facilities consist of (i) a $1.0 billion five-year revolving credit facility (the "New Revolving Facility"), (ii) a $500 million five-year term loan A facility (the "New Term Loan A Facility"), and (iii) a $1.1 billion seven-year term loan B facility (the "New Term Loan B Facility" and, together with the New Term Loan A Facility, the "New Term Loan Facilities," and the New Term Loan Facilities together with the New Revolving Facility, the "New Senior Secured Credit Facilities"). Due to the favorable reception from the market to the syndication of the New Senior Secured Credit Facilities, the size of the New Term Loan Facilities was increased to a total of $1.6 billion from the previously announced $1.1 billion, and the Company has decided not to proceed with its previously announced offering of senior notes. The New Senior Secured Credit Facilities are being incurred by the Company's wholly-owned subsidiary, Perrigo Investments, LLC, and will be guaranteed by the Company and certain other wholly-owned subsidiaries of the Company.
The Company will use the proceeds of the New Term Loan Facilities, together with cash on hand, to finance the previously announced acquisition of Héra SAS ("Héra") and to repay existing indebtedness of the Company and its subsidiaries under its outstanding term loan facility, its 4.00% Senior Notes due 2023 and its 5.1045% Guaranteed Senior Notes due 2023. Notice of redemption of the 4.00% Senior Notes due 2023 and the 5.1045% Guaranteed Senior Notes due 2023 has been given, and the notes will be redeemed on May 20, 2022. The Company will use any amounts borrowed from time to time under the New Revolving Facility, which will replace its existing revolving facility, for general corporate purposes.
JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc., Wells Fargo Securities, LLC, BofA Securities, Inc. and HSBC Securities (USA) Inc. are the joint lead arrangers for the New Senior Secured Credit Facilities.
About Perrigo
Perrigo Company plc (NYSE: PRGO) is a leading provider of Consumer Self-Care Products and over-the-counter (OTC) health and wellness solutions that enhance individual well-being by empowering consumers to proactively prevent or treat conditions that can be self-managed. Led by its consumer self-care strategy, Perrigo is the largest store brand OTC player in the U.S. in the categories in which it competes through more than 9,000 SKUs under customer 'own brand' labels. Additionally, Perrigo is a Top 10 OTC company by revenue in Europe, where it markets more than 200 branded OTC products throughout 28 countries.
Forward-Looking Statements
Certain statements in this press release are "forward-looking statements." These statements relate to future events or the Company's future financial performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the Company or its industry to be materially different from those expressed or implied by any forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as "may," "will," "could," "would," "should," "expect," "forecast," "plan," "anticipate," "intend," "believe," "estimate," "predict," "potential" or the negative of those terms or other comparable terminology. The Company has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Company believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond the Company's control, including: the effect of the novel coronavirus (COVID-19) pandemic and its variants and the associated supply chain impacts on the Company's business; general economic, credit, and market conditions; the outbreak of war between Russia and Ukraine, including the imposition of sanctions related thereto, or escalation of conflict in other regions where the Company does business; future impairment charges; customer acceptance of new products; competition from other industry participants, some of whom have greater marketing resources or larger market shares in certain product categories than the Company does; pricing pressures from customers and consumers; resolution of uncertain tax positions, including the Company's appeal of the draft and final Notices of Proposed Assessment ("NOPAs") issued by the U.S. Internal Revenue Service and the impact that an adverse result in any such proceedings would have on operating results, cash flows, and liquidity; pending and potential third-party claims and litigation, including litigation relating to the Company's restatement of previously-filed financial information and litigation relating to uncertain tax positions, including the NOPAs; potential impacts of ongoing or future government investigations and regulatory initiatives; potential costs and reputational impact of product recalls or sales halts; the impact of tax reform legislation and healthcare policy; the timing, amount and cost of any share repurchases; fluctuations in currency exchange rates and interest rates; the success of the sale of the Rx business, including the ability to achieve the expected benefits thereof and the risk that potential costs or liabilities incurred or retained in connection with the transaction may exceed the Company's estimates or adversely affect the Company's business or operations; the consummation and success of the proposed acquisition of Héra and the ability to achieve the expected benefits thereof, including the risk that the parties fail to obtain the required regulatory approvals or to fulfill the other conditions to closing on the expected timeframe or at all, the occurrence of any other event, change or circumstance that could delay the transaction or result in the termination of the securities sale agreement or the risks that Company's synergy estimates are inaccurate or that the Company faces higher than anticipated integration or other costs in connection with the proposed acquisition; the consummation and success of other announced acquisitions or dispositions, and the Company's ability to realize the desired benefits thereof; and the Company's ability to execute and achieve the desired benefits of announced cost-reduction efforts and strategic and other initiatives. An adverse result with respect to the Company's appeal of any material outstanding tax assessments or pending litigation, including securities or drug pricing matters, could ultimately require the use of corporate assets to pay such assessments, damages from third-party claims, and related interest and/or penalties, and any such use of corporate assets would limit the assets available for other corporate purposes. These and other important factors, including those discussed under "Risk Factors" in the Company's Form 10-K for the year ended December 31, 2021, as well as the Company's subsequent filings with the United States Securities and Exchange Commission, may cause actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. The forward-looking statements in this press release are made only as of the date hereof, and unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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| 2022-04-20T21:13:14Z
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NEW YORK, April 20, 2022 /PRNewswire/ -- Planet Green Holdings Corp. ("Planet Green Holdings" or the "Company") (NYSE American: PLAG) today announced that, as previously disclosed in its Annual Report on Form 10-K for the year ended December 31, 2021, which was filed on March 31, 2022 with the Securities and Exchange Commission, the audited financial statements contained an unqualified audit opinion from its independent registered public accounting firm that included an explanatory paragraph related to the Company's ability to continue as a going concern. See further discussion in footnote 1 to the Company's financial statements included in the Company's Annual Report on Form 10-K. This announcement is made pursuant to NYSE American LLC Company Guide Section 610(b), which requires public announcement of the receipt of an audit opinion containing a going concern paragraph. This announcement does not represent any change or amendment to the Company's financial statements or to its Annual Report on Form 10-K for the year ended December 31, 2021.
Forward Looking Statements
This news release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "anticipate", "believe", "expect", "estimate", "plan", "outlook", and "project" and other similar expressions that indicate future events or trends or are not statements of historical matters. These statements are based on our management's current expectations and beliefs, as well as a number of assumptions concerning future events.
Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside of our control and all of which could cause actual results to differ materially from the results discussed in the forward-looking statements. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in our reports filed with the Securities and Exchange Commission, which are available, free of charge, on the SEC's website at www.sec.gov.
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https://www.whsv.com/prnewswire/2022/04/20/planet-green-holdings-corp-received-audit-opinion-with-going-concern-explanation/
| 2022-04-20T21:13:21Z
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Former Skience and Docupace Sales Executive Brings Deep-Seated Relationships and Industry Expertise, Enhancing Practifi's Growth Path and Partner Ecosystem
CHICAGO, April 20, 2022 /PRNewswire/ -- Practifi, a business management platform for high-performing RIAs, broker-dealers and wealth institutions, today announced Paige Johnson has joined the company as the Director, Strategic Partnerships & Alliances. In this role, Johnson will be responsible for fostering deeper relationships with enterprise clients enabling strategic integrations throughout the Practifi ecosystem.
Adrian Johnstone, President and Co-Founder of Practifi, said, "Paige's deep experience and long-standing relationships across the industry positions Practifi for meaningful growth as we continue to scale. Her approach and style strengthen our outstanding leadership team and on behalf of our entire company, I'm pleased to welcome her to Practifi and look forward to her successfully partnering with industry leaders to continue providing a seamless client experience."
Over the past two decades, Johnson has served in account management and business development roles, most recently as Vice President of Strategic Alliances at Skience. Prior to her time at Skience, Johnson served as Director of Strategic Alliances for Docupace Technologies.
About Practifi
Practifi is the performance optimization platform purpose-built for the wealth management industry. Practifi empowers teams to automate workflows, create rich client records, and access advanced analytics in a unified experience. With comprehensive APIs, a range of specialist wealth industry integrations, and an ecosystem of hundreds of integrated apps, our platform centralizes data and gives greater visibility across organizations. Headquartered in Chicago, Illinois, with offices in Sydney, Australia, Practifi enables organizations across the globe to deepen loyalty with their clients and pioneer the future of wealth management. To learn more, visit practifi.com.
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https://www.whsv.com/prnewswire/2022/04/20/practifi-welcomes-paige-johnson-director-strategic-partnerships-amp-alliances/
| 2022-04-20T21:13:27Z
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ARLINGTON, Va., April 20, 2022 /PRNewswire/ -- Pro Football Retired Players Association (PFRPA), a national organization that develops programs and benefits for retired NFL players, announced the retirement of Robert L. Schmidt, who has led the organization since April 2016. The Board of Directors has appointed Joseph Agbasi to succeed Schmidt as Executive Director.
Schmidt has been the Executive Director of PFRPA since its inception. He and Agbasi, who currently holds the title of Senior Director, have worked together the past six years to develop the organization into the resource it is today for retired NFL players.
"Bob was a valuable part of the identification and implementation of the PFRPA Dental and Vision Plans, our comprehensive dental and vision benefits for retired NFL players and their spouses," said Ron Mix, President of the PFRPA Board of Directors. "We wish him good health in his retirement. We are fortunate to have Joe Agbasi to take his place as Executive Director. He has the experience, expertise and work ethic to continue the work in this important position."
PFRPA focuses on solidifying and preserving the legacy of retired NFL players by creating and managing new revenue streams, while developing meaningful health, welfare and educational programs. The organization currently provides dental and vision insurance benefits to more than 10,500 retired players and more than 3,000 players' spouses.
About Pro Football Retired Players Association (PFRPA)
PFRPA is a champion for retired NFL players, dedicated to bettering the lives of those who contributed to the game. PFRPA, the first court-established retired NFL player organization, through its leadership and dedication, has been on a mission to solidify and preserve the legacy of retired NFL players. Through the Greater Good Fund, PFRPA's 501(c)(3) charitable foundation, PFRPA develops various health and welfare programs, designed exclusively for retired NFL players. The Football Greats Alliance, PFRPA's licensing agency, develops partnerships to drive meaningful revenue for retired NFL players and provide revenue for the Greater Good Fund to support all retired players. To date, more than 10,500 retired players and more than 3,000 players' spouses have enrolled in PFRPA insurance benefits. For more information about PFRPA, visit www.pfrpa.com.
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| 2022-04-20T21:13:34Z
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HOUSTON, April 20, 2022 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.52 per share for the second quarter of 2022, payable July 1, 2022, to shareholders of record as of June 15, 2022.
Prosperity Bancshares, Inc.®
As of December 31, 2021, Prosperity Bancshares, Inc.® is a $37.834 billion Houston, Texas based regional financial holding company providing personal banking services and investments to consumers and small to medium sized businesses throughout Texas and Oklahoma.
Founded in 1983, Prosperity believes in a community banking philosophy, taking care of customers, businesses, and communities in the areas it serves by providing financial solutions to simplify everyday financial needs. In addition to offering traditional deposit and loan products, Prosperity offers digital banking solutions, credit and debit cards, mortgage services, retail brokerage services, trust and wealth management, and cash management.
Prosperity currently operates 273 full-service banking locations: 65 in the Houston area, including The Woodlands; 30 in the South Texas area including Corpus Christi and Victoria; 63 in the Dallas/Fort Worth area; 22 in the East Texas area; 29 in the Central Texas area including Austin and San Antonio; 34 in the West Texas area including Lubbock, Midland-Odessa and Abilene; 16 in the Bryan/College Station area, 6 in the Central Oklahoma area; and 8 in the Tulsa, Oklahoma area.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release contains, and the remarks by Prosperity's management on the conference call may contain, forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are typically, but not exclusively, identified by the use in the statements of words or phrases such as "aim," "anticipate," "estimate," "expect," "goal," "guidance," "intend," "is anticipated," "is expected," "is intended," "objective," "plan," "projected," "projection," "will affect," "will be," "will continue," "will decrease," "will grow," "will impact," "will increase," "will incur," "will reduce," "will remain," "will result," "would be," variations of such words or phrases (including where the word "could," "may," or "would" is used rather than the word "will" in a phrase) and similar words and phrases indicating that the statement addresses some future result, occurrence, plan or objective. Forward-looking statements include all statements other than statements of historical fact, including forecasts or trends, and are based on current expectations, assumptions, estimates and projections about Prosperity Bancshares and its subsidiaries. These forward-looking statements may include information about Prosperity's possible or assumed future economic performance or future results of operations, including future revenues, income, expenses, provision for loan losses, provision for taxes, effective tax rate, earnings per share and cash flows and Prosperity's future capital expenditures and dividends, future financial condition and changes therein, including changes in Prosperity's loan portfolio and allowance for loan losses, future capital structure or changes therein, as well as the plans and objectives of management for Prosperity's future operations, future or proposed acquisitions, the future or expected effect of acquisitions on Prosperity's operations, results of operations, financial condition, and future economic performance, statements about the anticipated benefits of the proposed transaction, and statements about the assumptions underlying any such statement, as well as expectations regarding the effects of the COVID-19 pandemic on the Bank's operating income, financial condition and cash flows. These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, many of which are outside of Prosperity's control, which may cause actual results to differ materially from those expressed or implied by the forward-looking statements. These risks and uncertainties include but are not limited to whether Prosperity can: successfully identify acquisition targets and integrate the businesses of acquired companies and banks; continue to sustain its current internal growth rate or total growth rate; provide products and services that appeal to its customers; continue to have access to debt and equity capital markets; and achieve its sales objectives. Other risks include, but are not limited to: the possibility that credit quality could deteriorate; actions of competitors; changes in laws and regulations (including changes in governmental interpretations of regulations and changes in accounting standards); the possibility that the anticipated benefits of an acquisition transaction, are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of two companies or as a result of the strength of the economy and competitive factors generally; a deterioration or downgrade in the credit quality and credit agency ratings of the securities in Prosperity's securities portfolio; customer and consumer demand, including customer and consumer response to marketing; effectiveness of spending, investments or programs; fluctuations in the cost and availability of supply chain resources; economic conditions, including currency rate, interest rate and commodity price fluctuations; the effect, impact potential duration or other implications of the COVID-19 pandemic; and weather. These and various other factors are discussed in Prosperity Bancshares' Annual Report on Form 10-K for the year ended December 31, 2021 and other reports and statements Prosperity Bancshares has filed with the Securities and Exchange Commission ("SEC"). Copies of the SEC filings for Prosperity Bancshares may be downloaded from the Internet at no charge from http://www.prosperitybankusa.com.
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| 2022-04-20T21:13:43Z
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SAN DIEGO, April 20, 2022 /PRNewswire/ -- This Earth Day, take a step toward a cleaner future with cases and wearables made with over 60 percent recycled plastic. LifeProof WĀKE and FRĒ are available now for Apple and Android devices at lifeproof.com.
"As an ongoing effort to reduce the amount of plastic that ends up in the ocean and landfills, LifeProof is committed to using recycled materials to make protective cases," said LifeProof CEO Jim Parke. "We believe that sustainability is a journey, and we are dedicated to making continual improvements in not only our product designs, but also our packaging and internal processes."
WĀKE is made from 85 percent ocean-based recycled plastic and doesn't compromise on protection. WĀKE upholds the LifeProof standard of 6.6 feet of drop protection while maintaining a sleek profile and features a subtle wave pattern.
FRĒ, the No. 1-selling waterproof case series in the US, features its most streamlined design ever and is comprised of 60 percent recycled materials.1 With its signature waterproof protection down to 6.6 feet along with drop-proof, dirt-proof and snow-proof coverage, FRĒ is ready to go where you go.
Be sure to check out LifeProof's full line of Apple Watch bands, bumpers and AirPod cases, all made with over 75 percent recycled plastic.
LifeProof WĀKE and FRE for iPhone and Android devices are available now on lifeproof.com.
About LifeProof:
LifeProof was created for those who rise before dawn for a pre-work paddle out. And those who put off sleep to tighten up a new song. And those who lose all track of time because they're lost in creating, exploring, practicing, dancing or reinventing themselves. LifeProof is there to keep the wind in their sails while they live fulltime.
At LifeProof, we build products that inspire individuals to get lost in the now. From independents to athletes, scenesters to world travelers, creatives to curators — free spirits everywhere turn to our cases and accessories to feed their passions because only LifeProof is made to follow you into the moment.
For more information, visit LIFEPROOF.COM. #showusyourproof
Notes:
©2021 TreeFrog Developments, Inc. All rights reserved. The LifeProof name and LifeProof trademarks are the property of TreeFrog Developments, Inc. registered in the U.S. and other countries. All other trademarks are the property of their respective owners.
1Source: The NPD Group/Retail Tracking Service. U.S., Cell Phone Device Protection, Water-resistant/ Waterproof, Cell Phone Case Series, Jan. 2018 – Jan. 2022 combined.
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| 2022-04-20T21:13:50Z
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SECAUCUS, N.J., April 20, 2022 /PRNewswire/ -- Quest Diagnostics (NYSE: DGX), the world's leading provider of diagnostic information services, today announced it has made several organizational changes and leadership appointments of seasoned executives to better support the company's two-point business strategy to accelerate growth and drive operational excellence:
- Catherine T. Doherty has been appointed Senior Vice President, Regional Businesses. Ms. Doherty has deep knowledge of the company's business, gained through three decades of leadership at the company. In this role Ms. Doherty will oversee regional and enterprise operations, the commercial organization, and marketing. She will also be responsible for driving operational excellence, including Program Drive, the company's quality, cost saving and productivity initiative. Ms. Doherty also co-chairs the company's Inclusion and Diversity Council.
- Carrie E. Eglinton Manner has been appointed Senior Vice President, Advanced & General Diagnostics Clinical Solutions. In her expanded role, Ms. Eglinton Manner is responsible for bringing innovative diagnostic solutions to market through Quest's clinical franchises. Before joining Quest, she had gained over two decades of leadership experience in healthcare and medical technology at GE Healthcare. Ms. Eglinton Manner co-chairs the company's African American Employee Business Network.
- Patrick T. Plewman, who had led Quest's West region and has been with Quest for more than nine years, is named to the new role of Senior Vice President, Diagnostic Services. He will lead a portfolio of data driven analytics and services businesses which enable employers, providers and others to deliver health care more effectively and efficiently. This portfolio includes Employer Population Health, Employer Solutions, ExamOne, Healthcare Analytic Solutions, and Quest HealthConnect, and recently acquired Pack Health. Mr. Plewman is also a member of the company's Environmental Working Group, a group of leaders charged with identifying new ways to enhance the company's approach to sustainability. Prior to joining Quest he held leadership, business development and strategy roles in molecular diagnostics at SmithKline Beecham and diaDexus.
- Mark E. Delaney has joined Quest as Senior Vice President and Chief Commercial Officer, responsible for all sales operations. Prior to joining Quest Diagnostics in March 2022, Mr. Delaney had been Vice President for Sales and Marketing at Hillrom for more than four years, and became Vice President and General Manager at Baxter after it acquired Hillrom. Previously, Mr. Delaney had held senior sales and marketing leadership roles at GE Healthcare, most recently as Senior Vice President and Zone Manager where he had regional responsibility for sales of imaging, patient monitoring, IT, and services.
- Richard F. Adams has joined Quest as Vice President and General Manager, Consumer Initiated Testing, a new role. Mr. Adams has extensive experience in e-commerce, digital marketing and customer experience, and will lead Quest's rapidly growing direct-to-consumer testing business.
Also, as previously announced, EVP and Chief Financial Officer Mark Guinan will retire in 2022, and the process to find a successor is underway.
"These initial actions are designed to improve our ability to execute our strategy, and position us well for continued growth," said Jim Davis, Quest Diagnostics CEO-elect. "The transition is going well, and we're excited about the leadership that Mark Delaney and Richard Adams bring us."
"Jim and I believe these changes will help Quest grow and thrive in a post-pandemic world," said Steve Rusckowski, Chairman, CEO and President, who has announced he will transition his CEO and President roles to Mr. Davis on November 1. "These appointments demonstrate the depth and strength of Quest's management team."
About Quest Diagnostics
Quest Diagnostics empowers people to take action to improve health outcomes. Derived from the world's largest database of clinical lab results, our diagnostic insights reveal new avenues to identify and treat disease, inspire healthy behaviors, and improve health care management. Quest annually serves one in three adult Americans and half the physicians and hospitals in the United States, and our nearly 50,000 employees understand that, in the right hands and with the right context, our diagnostic insights can inspire actions that transform lives. Learn more at www.QuestDiagnostics.com or follow us on social media: LinkedIn, Twitter, Facebook and Instagram. For information on our COVID-19 testing, visit: newsroom.questdiagnostics.com/COVIDTestingUpdates
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https://www.whsv.com/prnewswire/2022/04/20/quest-diagnostics-announces-organizational-changes-accelerate-growth-drive-operational-excellence/
| 2022-04-20T21:13:56Z
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FOSTER CITY, Calif., April 20, 2022 /PRNewswire/ -- QuinStreet, Inc. (Nasdaq: QNST), a leader in performance marketplaces and technologies for the financial services and home services industries, today announced it will report financial results for its third quarter ended March 31, 2022 after the market closes on Wednesday, May 4, 2022. On that day, management will hold a conference call and webcast at 2:00 PM PT to review and discuss the company's results.
About QuinStreet
QuinStreet, Inc. (Nasdaq: QNST) is a leader in performance marketplace technologies and services for the financial services and home services industries. QuinStreet is a pioneer in delivering online marketplace solutions to match searchers with brands in digital media, and is committed to providing consumers with the information and tools they need to research, find and select the products and brands that meet their needs.
Investor Contact:
Hayden Blair
(650) 578-7824
hblair@quinstreet.com
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SOURCE QuinStreet, Inc.
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https://www.whsv.com/prnewswire/2022/04/20/quinstreet-sets-date-announce-third-quarter-fiscal-year-2022-results/
| 2022-04-20T21:14:03Z
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MADISON, N.J., April 20, 2022 /PRNewswire/ -- Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in the United States, will host an investor day on May 12, 2022. The meeting will consist of presentations by Ryan Schneider, chief executive officer and president, Charlotte Simonelli, chief financial officer and treasurer, and Melissia McSherry, chief operating officer.
The presentations are scheduled to begin at 9:30 a.m. ET and will be followed by an investor question and answer session. During this event, the company will provide a long-term strategic and financial outlook.
The event will be webcast with limited in-person attendance by invitation only.
A live webcast of the event including all presentation material will be available on Realogy's Investor Relations Website. Investors can pre-register directly on the Realogy Investor Relations Website at realogy2022investorday.q4ir.com or at www.realogy.com under "Investors". A webcast replay will also be available on the company's website.
About Realogy Holdings Corp.
Realogy Holdings Corp. (NYSE: RLGY) is moving the real estate industry to what's next. As the leading and most integrated provider of U.S. residential real estate services encompassing franchise, brokerage, relocation, and title and settlement businesses as well as a mortgage joint venture, Realogy supported approximately 1.5 million home transactions in 2021. The company's diverse brand portfolio includes some of the most recognized names in real estate:Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®, and Sotheby's International Realty®. Using innovative technology, data and marketing products, high-quality lead generation programs, and best-in-class learning and support services, Realogy fuels the productivity of its approximately 196,700 independent sales agents in the U.S. and approximately 136,700 independent sales agents in 118 other countries and territories, helping them build stronger businesses and best serve today's consumers. Recognized for 11 consecutive years as one of the World's Most Ethical Companies, Realogy has also been designated a Great Place to Work four years in a row, named one of LinkedIn's Top Companies in the U.S. the past two years, and honored on the Forbes list of World's Best Employers 2021.
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SOURCE Realogy Holdings Corp.
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https://www.whsv.com/prnewswire/2022/04/20/realogy-host-investor-day-may-12-2022/
| 2022-04-20T21:14:09Z
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Versatile Lift Works with Wide Range of Vehicles, including Electric Vehicles and Exotics
DOWNERS GROVE, Ill., April 20, 2022 /PRNewswire/ -- Rotary, part of Vehicle Service Group (VSG) and Dover (NYSE: DOV), today announced the launch of the Rotary Wide Smartlift®, offering forward-thinking dealerships and repair shops a versatile lift that works with both current and next-generation vehicles. Rotary's new Wide Smartlift is one and a half times wider and two times faster than a standard in-ground lift, enabling greater access and speed for technicians when servicing vehicles.
The Wide Smartlift's redesigned superstructure increases unobstructed under-vehicle space for easy service of air dams, batteries and more. In addition, its patented TRIO™ three-stage arms offer improved reach for faster, easier spotting of exotic and low-profile cars. With an available interchangeable adapter kit, the lift is able to service cars, trucks and electric vehicles on the same arm. The lift features a Shockwave™-powered cycle times, which works twice as fast as a standard lift, allowing shops to complete more jobs in the same amount of time. Available in 10,000 or 12,000 lb. capacities, the lift can service vehicles ranging from subcompact cars to trucks.
"Due to the increasing number of electric vehicles, the automotive industry is changing at a rapid pace. We expect this level of activity to only continue in the next five years, and even more so than in prior generations," said John Uhl, Director of Product Management at Rotary. "In an effort to prepare for the future of repairs, the dealerships and repair shops we work with require a lift that will allow them to modernize their shops and quickly service any vehicle that comes through their doors – and we are pleased to be able to provide them with just that."
Rotary's Wide Smartlift in-ground lifts are designed, tested and manufactured in Madison, Indiana and are now available from local Rotary distributors. More information about the Wide Smartlift can be found at rotarylift.com.
About Rotary:
Rotary is the leading manufacturer of vehicle lifts and wheel service products for use in professional automotive service, commercial truck and transit industries. In 1925, Peter Lunati designed, built and patented the first fully hydraulic automotive lift and gave rise to a new industry. Rotary's pursuit of innovation has built one of the world's most trusted lifts, designed to increase shop efficiency and productivity. Today, there are more Rotary Lift products used in vehicle repair facilities around the world than any other brand.
Rotary is a Vehicle Service Group (VSG) brand and part of Dover's Engineered Products segment. VSG comprises thirteen major vehicle lift, wheel service, diagnostic and collision repair brands: Rotary, Chief Collision Technology, Forward Lift, Direct Lift, Warn Automotive, Ravaglioli, Hanmecson, Elektron, Blitz, Nogra, Butler, Space and Sirio. With its American headquarters in Madison, Indiana, VSG has operations worldwide, including ISO 9001-certified manufacturing centers in North America, Europe and Asia.
About Dover:
Dover is a diversified global manufacturer and solutions provider with annual revenue of approximately $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 65 years, our team of over 25,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.
Rotary Contact:
David Fischmer
(812) 265-9543
dfischmer@vsgdover.com
Dover Media Contact:
Adrian Sakowicz, VP, Communications
(630) 743-5039
asakowicz@dovercorp.com
Dover Investor Contact:
Jack Dickens, Senior Director, Investor Relations
(630) 743-2566
jdickens@dovercorp.com
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SOURCE Dover
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https://www.whsv.com/prnewswire/2022/04/20/rotarys-new-wide-smartlift-designed-help-car-dealerships-shops-future-proof-business/
| 2022-04-20T21:14:18Z
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MEXICO CITY, April 20, 2022 /PRNewswire/ -- Grupo Rotoplas S.A.B. de C.V. (BMV: AGUA*) ("Rotoplas", "the Company"), America's leading company in water solutions, reports its unaudited first quarter 2022 results. The information has been prepared in accordance with the International Financial Reporting Standards (IFRS).
Figures are expressed in millions of Mexican pesos.
- Net sales grew 9.3% driven by double-digit growth in the United States and Argentina, as well as 3% growth in Mexico, offsetting lower sales in the 'Others' segment which includes Peru, Central America, and Brazil.
- Product sales increased 10.6%, with growth in all three categories: storage, water flow, and improvement, which was driven by price increases made during 2021. However, during the months of January and February we observed a generalized contraction of sales volumes, derived from a reallocation of household spending once families resume their normal activities and the need for water management solutions decreased.
- Service sales, which represent 3.5% of total sales, contracted 18.1%, affected by lower sales from the water treatment and recycling plants business which continues to generate no traction due to the delay in new industrial and commercial projects as a result of the pandemic. bebbia continues to register double-digit growth, however, as it is a developing business, its revenue does not offset the division.
- Gross margin closed at 40.2% compared to 41.3% in 1Q21, a 110 bps contraction which was mainly due to lower absorption of fixed costs derived from lower sales volumes in some geographies, as well as an increase in raw material and logistics costs.
- Operating income reached Ps. 222 million, 27.2% lower than 1Q21 due to the recognition of Ps. 15 million in expenses in the United States related to the expansion of the e-commerce platform and to pre-operating expenses in the septic business. Additionally, there was a Ps. 30 million expense related to the 8,000 new bebbia subscribers in Mexico.
- Adjusted EBITDA[1] reached Ps. 322 million with a 12.1% margin, compared to 19.4% in 1Q21. In 2022, expenses related to the implementation of Flow will no longer be adjusted to EBITDA.
- Net income decreased 34.4% due to lower operating income and higher financial expenses.
- Net Debt/EBITDA Adj. leverage closed at 1.6x and the cash conversion cycle increased 26 days, mainly due to an increase in inventory days. During the period, Ps. 309 million were allocated to working capital in order to ensure the operability and supply of materials under an unstable supply chain environment.
- CapEx was Ps. 129 million, it is worth to note the investment in the technological upgrade of the plants in Mexico to launch the new generation of water tanks with the objective of ensuring the long-term sustainability of the water storage category.
- ROIC closed at 13.1%, 100 bps above the cost of capital, in line with the sustainable economic value creation strategy to maintain a positive environmental and social impact.
- In April the Señorial water heaters plant was inagurated in Argentina with capacity to produce a water heater every 20 seconds, and it uses LEAN 4.0 technology that reduces gas and electricity consumption.
- The water, energy, and sanitation pilot project with Acciona was launched, implementing 25 water collection systems in an impoverished community in Oaxaca that already has Acciona solar energy systems.
- In partnership with the Mexican Red Cross, 20 hand-washing stations were installed in Mexico City's largest market.
- Making progress towards the 2025 ESG public goals, the framework for the evaluation of suppliers under ESG criteria was defined and an informative session was held at the Group level, focused on diversity and inclusion.
- In March 2022, Apalache Analysis initiated coverage of AGUA* with buy recommendation and a target price of $39.40 pesos.
- A capital reimbursement in cash, at the rate of $0.45 per share with payment date on May 9th, 2022, will be submitted for approval at the Shareholders' Meeting, to be held on April 29th, 2022.
- 3,316 Employees
- 3.0% Government Transactions
- 10,700 e-commerce clients
- 68,000 bebbia users
- 5,400ton CO2 saved (vs bottled water)
Dear investors,
As we entered 2022, we faced new challenges, consumers have reduced investments in home improvements and water storage capacity due to the return to the new normal after the pandemic. In addition, the loss of government stimulus in some countries has deteriorated the purchasing power of the population. However, in March we began to observe weather events such as droughts and heat waves, which boosted the demand for water solutions.
We maintained a stable pace of executing initiatives within the Flow program. At the end of March, we had 1,200 initiatives, of which, 459 have matured enough to impact this year's income statement. Likewise, 160 new initiatives were created during the quarter.
The development of the e-commerce and septic businesses in the United States, as well as the bebbia business in Mexico, is still getting good traction and, as a result, required higher investment and expenses, temporarily pressuring margins, but will support medium-term growth and profitability.
One of our main long-term objectives is water digitalization. We are working and developing technology that will allow us to better collect data to be able to offer smart solutions that adapt to our customers' needs.
As for our 2025 financial and ESG goals, we continue to make good progress and are on track to meet them. Our talent, agility, and innovation are all focused on fulfilling our purpose and creating value for all our stakeholders.
Carlos Rojas Aboumrad
Thursday, April 21st | 10:00am Mexico City Time (11:00am, EST)
Speakers: Carlos Rojas Aboumrad (CEO) and Mario Romero Orozco (CFO)
Link: https://rotoplas.zoom.us/webinar/register/WN_39Uwy3WoR6aDE82OFY29vg
Password: 1Q22
Since the second quarter of 2020, we have been recognizing "one-time" expenses for the implementation of the Flow program; non-recurring expenses that have short- and long-term benefits in revenue, expense, working capital and organizational culture to ensure permanent change. The fourth quarter 2021 was the last period in which these "one-time" expenses were recognized.
Net Sales increased 2.7% vs 1Q21 driven by growth in the products, which offset the weaker performance of the services platform.
Products sales benefited from price increases and, starting in March, droughts in several regions of the country began to increase sales volumes.
Services sales decreased due to lower water treatment and recycling plant sales, business that has no traction due to the delay in new industrial and commercial projects as a result of the pandemic; additionally, the drinking fountains division continues without registering revenues due to the prevailing impasse in the country's schools. bebbia maintained a good pace and recorded a double-digit sales increase, however, it does not offset the other divisions.
Adjusted EBITDA for the quarter was Ps. 220 million, a decrease of 28.6% compared to 1Q21, mainly related to an increase in expenses due to bebbia's accelerated growth, which added 8 thousand new subscribers in the quarter, as well as increased selling expenses from resuming trips and in-person events. Likewise, we continue to see an impact on the margin due to raw material price increases.
Adjusted EBITDA margin was 16.0% compared to 23.0% in 1Q21.
Net sales increased 34.2% vs 1Q21, driven by double-digit growth in all three categories, storage, water flow and improvement, mainly driven by better pricing and an efficient commercial execution. The brands leadership and strength in the region has allowed us to continue with our cross-selling strategy and increase the penetration of new sales channels.
Adjusted EBITDA for the quarter reached Ps. 91 million vs Ps. 69 million in 1Q21. Adjusted EBITDA margin closed at 14.2%, a 30-bps decrease compared to 14.5% recorded in 1Q21, due to higher expenses related to the return of on-site activities of the commercial area.
NOTE: Adoption of IAS 29, Financial Reporting in Hyperinflationary Economies.
Due to Argentina experiencing inflation above 100% in the last three years, it is considered a hyperinflationary economy. In accordance with IAS 29, an adjustment for inflation has been made to the Financial Statements to consider changes in purchasing power.
International Accounting Standard (IAS) 29, Financial Information in Hyperinflationary Economies establishes that the results of operations in Argentina should be reported as if they were hyperinflationary as of January 1st, 2018. Moreover, an adjustment for inflation in the Financial Statements should be made to account for the change in the purchasing power of the local currency.
As a result of the above, in 1Q22 the impact of the restatement resulted in an increase of Ps. 41 million in financial expense, negatively impacting the Comprehensive Financing Result. After considering taxes, the impact on net income amounted to Ps. 38 million.
Net Sales for the quarter increased 29.8% to reach Ps. 332 million, driven by growth in the e-commerce business. Product availability, geographical coverage through selling points and the omnichannel strategy, contributed to the acquisition of 7 thousand new customers during the quarter.
A new store was opened in North Carolina, reaching a total of 15 units. Additionally, the strategy of increasing our presence through points of sale with commercial partners has contributed to the improvement of brand visibility and sales growth.
The septic business continues with good dynamism, and the number of partnerships with installers that provide services ranging from the installation to the maintenance of residential septic treatment systems have increased.
Expenses related to the expansion of our e-commerce platform and pre-operating expenses of the septic business, resulted in a negative adjusted EBITDA of Ps. 19 million.
Net sales from other countries (Peru, Guatemala, El Salvador, Costa Rica, Honduras, Nicaragua, and Brazil) reached Ps. 314 million in the quarter, 13.9% lower than that reported in the same period of the previous year.
In Peru, market penetration and the development of the water flow and improvement categories have continued; however, the third COVID wave and the government's suspension of subsidies to the population, modified the expense allocation and negatively impacted water storage sales in the region, resulting in a double-digit decrease in sales.
In Central America, the announcement of a price increase at the end of 2021 led distributors and customers to anticipate their purchases and increase their inventories, impacting 1Q22 sales.
In Brazil, the number of water treatment and recycling plant contracts in operation remained stable. In addition, there are some projects under construction that have not yet started to record sales.
Adjusted EBITDA reached Ps. 30 million in the quarter, a 60.2%. decrease explained by the development of the water treatment and recycling plant business in Brazil, as well as lower absorption of costs and expenses in Peru and Central America due to lower sales volumes.
Gross profit for the period increased 6.2%, reaching Ps. 1,068 million. Gross margin decreased 110 bps, from 41.3% in 1Q21 to 40.2% in 1Q22 due to a lower absorption of fixed costs as a result of lower sales volumes in certain geographies, as well as an increase in raw material costs and logistic expenses.
Operating income reached Ps. 222 million in the quarter, 27.2% lower than in 1Q21, due to higher expenses in the United States, from the development of the e-commerce platform and the pre-operating expenses of the septic business, as well as to higher expenses in Mexico related to the growth in users in bebbia. Travel reactivation, in-person events, and certain marketing strategies that were paused during the pandemic also contributed to this increase in expenses.
The Comprehensive Financing Result for 1Q22 was Ps. 155 million compared to an expense of Ps. 122 million in the same period of the previous year. The expense in the quarter includes Ps. 95 million for interest on debt, commissions and leases, Ps. 19 million for the valuation of financial instruments and Ps. 40 million for the monetary position in Argentina.
The net result for the quarter was a profit of Ps. 88 million compared to a profit of Ps. 134 million in 1Q21, a 34.4% decrease due to a lower operating margin and higher financial expenses.
Capital investments represented 4.9% of sales during the quarter, an increase of 81.8% compared to the previous year. Capital investments include:
- Investment in new technology to produce storage solutions and in machinery to increase production capacity for water flow category in Mexico.
- Ps. 20 million was allocated to water treatment and recycling plants in Brazil.
- CapEx specifically related to growth initiatives within the Flow program amounted to Ps. 92 million. This includes investments across all countries, categories and businesses.
Inventory Days: Average Inventory / (3M Cost of Sales / 90)
Accounts Receivable Days: Average Accounts Receivable (3M Sales / 90)
Accounts Payable Days: Average Suppliers / (3M Cost of Sales / 90)
During the period, the cash conversion cycle increased by 26 days as a result of an increase in inventory days due to lower sales volumes in certain countries, as well as a decrease in accounts payable days due to a change in the purchasing mix.
Total debt was Ps. 4,094 million and corresponds to the AGUA 17-2X sustainable bond.
As of March 2022, interest coverage (LTM Adjusted EBITDA / LTM interest payments) was 4.2x.
*Net income divided by 486.2 million shares, expressed in Mexican pesos.
Leverage as of the first quarter of 2022 was within the Company's debt guideline of 2.0x Net Debt/Adjusted EBITDA.
ROIC: NOPAT L12M/Average Invested Capital t, t-1.
Invested Capital: Total Assets – Cash and Cash Equivalents – Short-Term Liabilities.
ROIC excludes Flow program execution costs from 2Q20 to 4Q21 as they are one-off.
ROIC amounted to 13.1% at the end of March, a 170 bps decrease vs the previous year. However, the ROIC remains 100 bps above the cost of capital, which increased 160 bps vs 1Q21. Nevertheless, the creation of sustainable economic value is maintained in order to continue to positively impact our stakeholders.
The use of derivative financial instruments is governed by the recommendations and policies issued by the Board of Directors and supervised by the Audit Committee, which provides guidelines on the management of exchange risk, interest rate risk, credit risk, the use of derivative and non-derivative financial instruments, and the investment of excess liquidity.
As of March 2022, the market value of Grupo Rotoplas' position was:
Updates regarding sustainability initiatives during the quarter include:
- The water, energy, and sanitation pilot project was launched with Acciona, implementing 25 water collection systems in a community under poverty conditions in Oaxaca that already had Acciona's solar energy systems.
- In partnership with the Mexican Red Cross, 20 handwashing stations were installed in Mexico City's largest market.
- As part of the progress towards our ESG 2025 public goals, the supplier evaluation framework was defined under ESG criteria, and an informative session took place at a Group level, focused on diversity and inclusion.
For more information on our ESG programs, visit our sustainability website: https://rotoplas.com/sustentabilidad/home-eng/
Source: SiBolsa
Treasury shares:
As of March 2022, the Company had 7.2 million shares in the treasury, equivalent to an invested amount of Ps. 183 million. To date, no treasury shares have been cancelled.
As of March 2022, analyst coverage was provided by:
In 2019, Rotoplas began the "Flow" transformation program to focus the business on economic value creation and sustainable growth. The strategy is based on initiatives that are divided between three pillars:
A. Profitability of the Current Portfolio
-- levers for income, cost, expenditure and working capital
B. Growth Initiatives and Execution
-- improve the execution of growth opportunities and capital allocation decisions
C. Organizational Culture and Health
-- leadership, operational discipline, talent development, accountability, and organizational climate
Flow has evolved and is part of the culture of innovation and continuous improvement.
Income Statement
(unaudited figures in millions of Mexican pesos)
Balance Sheet (unaudited figures in millions of Mexican pesos)
Cash Flow (unaudited figures in millions of Mexican pesos)
- Proposals to the GSM – April 7th
A capital reimbursement in cash through a capital reduction in the amount of $0.45 per share will be submitted for approval to the Shareholders' Meeting. The payment date is May 9th, 2022. - Apalache Análisis initiates coverage of AGUA* with buy recommendation and $39.40 pesos target price – March 17th
- Rotoplas operations status update during February – March 1st
- Rotoplas operations status update during January – February 1st
For more information, please refer to the Relevant Events section on our website: https://rotoplas.com/investors/relevant-events/#1
This press release may include certain forward-looking statements relating to Grupo Rotoplas S.A.B. de C.V. It relies on considerations of the Grupo Rotoplas S.A.B. de C.V. management which are based on current and known information; however, the expectations could vary due to facts, circumstances, and events beyond the control of Grupo Rotoplas, S.A.B. de C.V.
Grupo Rotoplas S.A.B. de C.V. is America's leading provider of water solutions, including products and services for storing, piping, improving, treating, and recycling water. With over 40 years of experience in the industry and 19 plants throughout the Americas, Rotoplas is present in 14 countries and has a portfolio that includes 27 product lines, a services platform, and an e-commerce business. Grupo Rotoplas has been listed on the Mexican Stock Exchange (BMV) under the ticker "AGUA" since December 10, 2014.
Pedregal 24, 19th floor, Col. Molino del Rey Miguel Hidalgo 11040, Mexico City T. +52 (55) 5201 5000
[1] Adjusted EBITDA considers: operating income + depreciation and amortization + non-recurring expenses (donations and Flow implementation expenses). In 1Q21 it considers Ps. 75 million of Flow expense and Ps. 2 million donations. During 1Q22, there were no adjustments for Flow expenses, and no donations.
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SOURCE Grupo Rotoplas S.A.B. de C.V.
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https://www.whsv.com/prnewswire/2022/04/20/rotoplas-first-quarter-2022-results/
| 2022-04-20T21:14:25Z
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MIAMI, April 20, 2022 /PRNewswire/ -- Royal Caribbean Group (NYSE: RCL) has scheduled a conference call for 10:00 a.m. Eastern Time, Thursday, May 5, 2022, to provide a business update and discuss first quarter financial results. The call will be available on the company's investor relations website, www.rclinvestor.com. To listen to the call by phone, please dial (833) 608-1479 in the US and Canada. International phone calls should be made to (270) 240-0549. The conference call access code is 4274546. A replay of the webcast will remain available at the same website for a month following the call.
You are encouraged to dial-in/register at least 15 minutes prior to start time to ensure your participation.
Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the world with a global fleet of 63 ships traveling to more than 1,000 destinations around the world. Royal Caribbean Group is the owner and operator of three award-winning cruise brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises, and it is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have an additional 10 ships on order as of March 31, 2022. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com.
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SOURCE Royal Caribbean Group
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https://www.whsv.com/prnewswire/2022/04/20/royal-caribbean-group-hold-conference-call-business-update-first-quarter-financial-results/
| 2022-04-20T21:14:32Z
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